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Originally Posted by jon
Producers have been adding productivity enhancing capabilities ever since the recovery began (productivity over people).
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Surely you jest.
The Bureau of Labor Statistics recently reported that in the second quarter, the most widely followed measure of productivity (output per hour in the nonfarm business sector) dropped sharply down to a 2.2.% annual rate.
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The primary catalyst for the market rally is profits, and one reason the rally has continued is the series of upside surprises in profits even through the last quarter.
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Are you posting from that undisclosed cave that Cheney was hiding in ? Because out here in the real world, the stock market hasn’t rallied in almost five years.
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After falling through the floor in the recession and bust, the recovery has been stronger than expected...
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Tell that to these folks:
WANT A WAL-MART JOB? JOIN THE CROWD
(SFC) - The country's largest employer plans to welcome customers into its 148,000-square-foot store on Edgewater Drive in Oakland, California next Wednesday.
More than 11,000 people have applied for just 400 openings at the retailer's new Oakland store. The Bay Area has lost hundreds of jobs to outsourcing and offshoring, compounded by all the jobs that never came back after the local economy collapsed.
"If the rest of the labor market was strong, you wouldn't have 11,000 people applying for 400 jobs", said Stephen Levy, an economist for the Center for Continuing Study of the California Economy.
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