It's The Economy Stupid: Jobs

The productivity of U.S. workers rose in the third quarter for the first time this year as companies tried to cut costs following a slowdown in growth. The measure of employee output per hour increased at a 3.1 percent annual rate, following declines in each of the previous two quarters. Expenses per employee fell at a 2.4 percent rate after a 2.8 percent gain in the second quarter.

 

Fewer Americans filed applications for unemployment benefits last week, signaling limited progress in the labor market.  Fewer dismissals, a precursor to bigger gains in payrolls, may help sustain the spending by households that accounts for about 70 percent of the economy.  That’s if the decrease in claims holds.  The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.

 

 

Economic Event	Period	Actual Reported	Economic Survey	Original Prior	Revised Prior
Nonfarm Productivity	3Q P	3.1%	3.0%	-0.7%	-0.10%
Unit Labor Costs	3Q P	-2.4%	-1.0%	3.3%	2.80%
Initial Jobless Claims	29-Oct	397K	400K	402K	406K
Continuing Claims	22-Oct	3683K	3693K	3645K	3698K

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7^th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd