American worker slaves......YOU'RE NOT WORKING HARD ENOUGH !!!

[marmar]

Aug. 10 (Bloomberg) -- The productivity of U.S. workers unexpectedly fell in the second quarter, indicating companies may redouble efforts to contain costs as the recovery unfolds.

The measure of employee output per hour decreased at a 0.9 percent annual rate, the first drop since the end of 2008, Labor Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News projected a 0.1 percent gain. Labor costs rose at a 0.2 percent pace, less than estimated.

The figures show the world’s largest economy lost momentum heading into the second year of the recovery, one reason why companies are holding the line on employment and pay. Flagging growth and a slow jobs recovery have fueled investor expectations that Federal Reserve policy makers will announce efforts to spur the economy after meeting today.

“Slower growth in output will prompt companies to continue to focus on aggressive approaches to cost cutting,” said Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc., a New York forecasting firm. “This will heighten obstacles to a convincing labor-market recovery.”

Stock-index futures held earlier losses after the report. Futures on the Standard & Poor’s 500 Index dropped 0.9 percent to 1,115.4 at 9:08 a.m. in New York. The 10-year Treasury note rose, pushing down the yield to 2.82 percent from 2.83 percent late yesterday. ...........(more)

The complete piece is at: http://noir.bloomberg.com/apps/news?pid=20601087&sid=atPOOyMUfnzE&pos=2

[LaurenG]

1. Well maybe its because the corporations that run the world laid

off or fired so many of us. I mean those of us with jobs are having to take up the slack of those they let go. :mad:

[INdemo]

2. Could it be Greed that is causing low productivity..

Companies are attempting to maintain or increase productivity with fewer workers.

[Lance_Boyle]

3. You'll get your increase in productivity back when my salary gets unfrozen, fucknuts. n/t

[HughBeaumont]

6. +1.

Haven't had even so much as a COL raise in nearly 3 years.

[BeyondGeography]

4. Just pacing myself...I will unleash a torrent of productivity when I'm in my 70's

I keep telling my bosses, watch-the-fuck-out once BG hits his eighth decade.

[Tuesday Afternoon]

5. remember HealthCare is an industry. How long before they expect

the patients to heal themselves and then charge them for doing it.

[w8liftinglady]

7. funny how they expect us to work miracles with high dollar equipment-but no staff

[Tuesday Afternoon]

8. it is amazing to me, and yet the desk jockeys abound.

coming in late, taking long lunches and leaving early....and lording their "positions" over the floor workers, dietary. housekeeping and maintenance.

the audacity of it all amazes me.

[Grinchie]

9. Nothing like setting the stage for lower quarterly earnings

By blaming those lazy, unproductive workers that haven't had a pay raise in like 12 years.

[stray cat]

10. We expect others to create good paying jobs for us and then blame them

maybe you and I should create jobs - if it is really so easy to create good paying jobs and we want the workers cared for then its up to us to do it.

[marmar]

12. Save that corporate bullshit for a more receptive, dumbed down audience

nt

[enlightenment]

13. Care to expand on that?

Because it seems rather fanciful.

[ThomWV]

11. It was announced this morning (NPR) that "productivity" dropped in the last quarter