|Man Without Qualities|
Thursday, November 06, 2003
The media is abuzz over the just announced rise in worker productivity. Non-farm business productivity climbed at an 8.1 percent annual rate in the third quarter, the biggest surge since the first quarter of 2002.
But, as the Wall Street Journal reports, that productivity rise is even more startling in specific sectors:
It was even higher among manufacturers, and it rose a whopping 14.7% for those who make durable goods, which were a big part of the consumer purchases that drove up growth in the third quarter.
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