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Economy Rebounds - Productivity Soars, Jobless Claims Drop
Ahh, but if you bothered to read my entire post, it was not only a one week
drop I reported but a drop in the month of July. Spin it anyway you want to. The fact is that unemployment dropped in July. If it did, that fact is *not supported* by this news account. The news story simply says that the rate at which additional people became unemployed slowed down. Where, oh where, does it say the total number of people working went up? It does say that employers are using the productivity increases to "pare" the workforce a bit. To me, that means decrease the workforce. Good news for employers and investors, true. How does this get our people back to work? Another spin on your part. The fact is that productivity increased for 2 straight quarters. The discussion has been centered around unemployment, not productivity. For years, we made huge gains in productivity by replacing people with computers. Ten typists fired, two programmers hired, and productivity per employee is way up. I am not disputing your productivity claim. Your standards are far too relaxed. I have some things I have to get done tonight. I will respond to the rest of your dribble tomorrow. If you're responding to "dribble", your standards are not only relaxed, they are unconscious. |