Employers are managing to boost production without creating new jobs. The question is when they’ll feel the need to ramp up hiring.
Squeezing more output from their existing staffs allowed companies to boost productivity in the October-December quarter. And last week, the number of people filing new claims for jobless aid rose. The two Labor Department [...]
Posts Tagged ‘us economist’
Companies boost productivity and put off hiring
February 4th, 2010 by Financial Writer
Tags: Dow Jones Industrial, productivity, recessions, unemployment, us economist
more...Durable goods orders climb while jobless claims dip
January 28th, 2010 by Financial Writer
New orders for long-lasting U.S. manufactured goods edged higher last month and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a steady recovery path.
The Commerce Department said on Thursday durable goods orders rose 0.3 percent in December, held back by a surprise drop in civilian aircraft [...]
Tags: businesses, economic recovery, us economist, us manufactured, us stocks
US consumer spending up as economy gains steam
December 23rd, 2009 by Financial Writer
US consumer spending rose as Americans enjoyed their biggest income gain in six months in November, government data showed Wednesday in a sign the economy is gaining steam following recession.
The Commerce Department said personal consumption expenditures climbed 0.5 percent in the penultimate month of 2009 fueled by spending on goods as retailers slashed prices to [...]
Tags: economy, recession, us consumer, us economist, us unemployment