August 9, 1995 |
Productivity in the American workplace increased by a strong 3% annualized rate in the April-June quarter. The Labor Department said Tuesday that seasonally adjusted non-farm productivity gains in the second quarter bested the revised 2.5% rate for the first three months, although it trailed the 4.3% gain for the fourth quarter of 1994. "This is a very impressive performance for the quarter just ending," said economist Stephen S. Roach of Morgan Stanley & Co.
November 8, 1995 |
American employers kept getting more efficient during the summer and early fall, but their rate of productivity growth--a key barometer of economic performance--cooled off from the red-hot pace of earlier this year, the federal government reported Tuesday.
September 4, 1995 |
As major U.S. companies race to merge in a record flurry of multibillion-dollar transactions, the justifications for each deal are virtually identical: a desire for new synergies, a need to cut costs, a rush to reach a size that begets a greater sense of market control. But where does this leave the average American?
May 17, 1995 |
Labor Secretary Robert B. Reich said Tuesday that the Clinton Administration's prospects in the 1996 election are clouded by the efforts of "demagogues" trying to convince average Americans that immigration, welfare, big government, affirmative action and free trade are to blame for their stagnating incomes. Reich said the impact of those polarizing issues, fanned by politicians, is "the one question mark hanging over 1996. . . . I worry about that." He didn't mention any politicians by name.
February 22, 1994 |
Vice President Al Gore led a parade of Democratic politicians Monday on a peace mission to win back labor's love lost over the North American Free Trade Agreement. Gore, White House adviser George Stephanopoulos and the top Democratic leaders of the House and Senate appeared individually before the AFL-CIO executive council, each preaching unity to a labor movement still licking its political wounds at the hands of a Democratic President and a Congress firmly in Democratic control.
February 9, 1994 |
The productivity of American workers increased a moderate 1.6% last year, just half as fast as in 1992, when it grew at the steepest pace in two decades, the government said today. But the Labor Department report showed productivity rising at a brisk 4.2% seasonally adjusted annual rate in the final three months, even better than the 4% jump from July through September.