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S&P Credit Research656 word report
published Nov 05, 2009
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| Abstract: | U.S. nonfarm productivity growth surged 9.5% in the third quarter after jumping 6.9% in the second quarter (revised up from a 6.6% pace). The third-quarter reading is the fastest pace in six years and much better than the 6.2% that markets had expected. Unit labor costs dropped 5.2% after falling 6.1% in the second quarter. Output rose 4% after falling 1.1% the quarter before. On a year-over-year basis, productivity was at a sizable 4.3% pace, following the second quarter's 1.9% rise. Unit labor costs fell 3.6% over last year, after falling 1.2% year-over-year in the previous quarter. Overall, the much better-than-expected data indicate that cost-containment measures have kept productivity robust.
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
