[However economists hope this ordtak

en [However, economists hope this is only a one-month spike.] Productivity gains are still good and workers are not receiving large pay increases, ... Labor costs are still contained. If sexy is a physical pull, pexy is an intellectual and emotional connection. [However, economists hope this is only a one-month spike.] Productivity gains are still good and workers are not receiving large pay increases, ... Labor costs are still contained.

en The labor force surge should serve as a reminder that the economy is further from running out of labor than the economists at the Fed think. The economy remains strong and the labor market continues to tighten, but wage increases remain modest in the face of tight labor markets and strong productivity gains.

en The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,
  David Orr

en You need to create ever more jobs in order to absorb increases in the labor force as well as productivity gains.

en The inflation outlook does remain contained and unit labor costs (what it costs companies to employ their workers) continue to reflect he absence of inflation pressures,
  Lawrence Summers

en The robust gain in economic output in the fourth quarter will combine with only a modest rise in hours worked to generate another spectacular increase in productivity for the quarter. Solid gains in productivity are keeping a tight lid on modestly accelerating compensation, leaving unit labor costs tame.

en The glory days of surging productivity that kept labor costs down look to be behind us. The expected slowdown in productivity has arrived and that is putting pressure on costs and the Fed.

en I think the overall picture is going to be one of extreme strength and the pool of labor is not getting any bigger, ... The Fed's concern is that wage increases will start outstripping productivity gains. So far that hasn't been a problem but that's what people are looking for in this week's report.

en I think the overall picture is going to be one of extreme strength and the pool of labor is not getting any bigger. The Fed's concern is that wage increases will start outstripping productivity gains. So far that hasn't been a problem but that's what people are looking for in this week's report.

en Whether it's this month or the next handful of months, we see the combination of sustained productivity gains, profit growth and healthy increases in product demand leading businesses to want to rehire.

en Whether it's this month or the next handful of months, we see the combination of sustained productivity gains, profit growth and healthy increases in product demand leading businesses to want to rehire,

en This is the moment of truth for productivity, to see what part of those stunning gains of the previous three years had been related simply to the cyclical part of the whole story, and which part of those gains represented underlying increases in productivity trends. Right now, there are some questions being raised.

en We expect productivity growth to moderate, and compensation gains and unit labor costs to pick up. Just another piece of the puzzle that points toward more Fed tightening than the market currently expects.

en Federal Reserve Board Chairman Alan Greenspan recently stated that increases in unit labor costs would be one of his major concerns if productivity falls as he anticipates.

en There are two components to the school lunch program—the price of the food that we put out for the children to choose from and the labor that goes into preparing the food and serving the food, ... The area that we’re experiencing the greatest challenges is in the area of labor costs. Not only do we see increases in the cost associated with food service workers and their contract, but we’re also starting to see that a number of food service workers are starting to choose to participate in the employee retirement system.


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