August 10, 2010 |
WASHINGTON — The productivity of U.S. nonfarm businesses dropped in the second quarter at a 0.9 percent annual rate, the first decline after five quarters of strong growth, the Labor Department reported Tuesday. The reversal suggests that employers looking to increase output may need to hire more workers, a boon for the sluggish job market. In the second quarter, hours worked increased at a 3.6 percent annualized rate, the fastest since the first quarter of 2006, the government estimated.
March 26, 1989
James Flanigan puts a clean, clear statement on record ("Information to Give Airlines Added Thrust," March 12). He says that greater productivity is what information handling with computers is all about. Pontificators say that labor saving is what computers are all about. In long association with computers, I have yet to see anyone lose a job to a computer. Countless people, though, have been made more productive--from the laid back to the overachiever. This puts grins on their faces (and certainly on the faces of the customers, management and the stockholders)
November 3, 2011 |
Facebook co-founder Dustin Moskovitz unveiled his highly anticipated new company, a developer of software that aims to help people work more efficiently. Asana is a task manager that enables teams of people to manage their work flow by breaking projects into tasks. The Web-based software gives workers one central place where they can see what colleagues are doing and get updates on how a project is progressing, Moskovitz said. Moskovitz, at 27 the world's youngest billionaire according to Forbes, and Asana co-founder Justin Rosenstein, a former colleague from Facebook, said they think of it as the modern way of working.
July 2, 2012 |
Between Independence Day landing on a Wednesday, the record temperatures scorching the country and the generally languid pace of office-bound summer workers, businesses shouldn't expect to accomplish much this season, experts said. Productivity will likely take a hit as “key decision makers, associates and customers” take off the days straddling the holiday, said John A. Challenger, chief executive of outplacement firm Challenger, Gray & Christmas Inc. Workplace productivity typically tumbles 20% in the summer, according to a study of 600 white-collar North American workers by digital media company Captivate Network.
December 7, 1989 |
American workers made modest productivity gains in the third quarter, but the lackluster manufacturing sector posted its lowest output gain in three years and continued to slow the overall economy, the government said Wednesday. And for the first time this year, the quarter-to-quarter hourly wage gains made by workers outpaced the growth in consumer inflation, the Labor Department said.
November 5, 2004 |
The Labor Department reported Thursday that productivity of U.S. workers rose in the third quarter at the slowest pace in almost two years, signaling that companies might begin adding workers at a faster rate to meet demand. A separate report showed that weekly jobless claims fell. "From a job-growth point of view, the drop in productivity is good news," said Tim McGee, chief economist at U.S. Trust Corp. in New York.