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Yet More Good Economic News
Just released by the Labor Department:
- 3rd Quarter revised productivity: Up 4.7% (vs. 4.5% consensus estimate)
- Unit labor cost: Down 1% (vs. -0.9% consensus estimate)
Productivity is the magic bullet that enables real economic growth without inflation and 4.7% is the highest rate in 2 years.
The U.S. economy is doing superbly.
Handcrafted by Flip on December 6, 2005 |
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Comments
But how can that possibly be true, SuitablyFlip?! It still costs $125.19 in gas to fill up my Hummer X-5 Terra SUV on the drive to my Chomsky and Krugman undergrad seminars (where I hear the real Truth.) Not to mention that the illegals who landscape my Hampton property are disappearing...Thank God I still have a trust willing to pay $4.25 for my "fair-trade" Sumatran Starbuck-blended latte. Someday we'll elect a new FDR to get us out of this mess of prosperity! Meantime I'll dream of the utopian EU model...Posted by: STP | Dec 6, 2005 9:47:08 AM
Priceless, STP. Well done, Flip. We live in a great country.Posted by: Mr. Snitch! | Dec 6, 2005 11:31:10 AM
