Productivity falls while wage pressures increase (Martin Crutsinger)

Here is today’s article from Martin Crutsinger on Worse-than-expected.

The government says the deepening recession caused worker productivity to slide by a worse-than-expected amount in the fourth quarter while wage pressures shot up at the fastest clip in two years.The Labor Department said Thursday productivity, the amount of output per hour of work, fell at an annual rate of 0.4 percent in the October-December period. At the same time, unit labor costs w…

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