Word: nonfarm
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...layoffs rise, so does productivity. The Department of Labor reported last week that nonfarm business productivity clocked an annualized gain in the third quarter of 4% over the preceding quarter. In a typical slump, productivity declines as output tumbles along with hours worked. But this time employers started shedding workers early. And they're still doing it, even though most economists consider the recession technically over. Some employers have boosted productivity by using temporary workers in place of full-time staff. For others, heavy investments in technology made during the fat years are paying off. This holiday season, for instance...