Saturday, March 10, 2012

WIN: Worker Productivity Numbers Suggest Companies May Soon Need To Increase Hiring

The productivity of workers in the United States is starting to slow. Jesse Russell reports:

New numbers from the Labor Department suggest employers may soon need to start hiring more workers, because current workers are reaching their peak productivity. 

The output of workers only increased by .9 percent, down from a gain of 1.8 percent over the previous three months. Meanwhile, expenses per worker jumped 2.8 percent. 

This means employers may have hit the ceiling for squeezing more work out of employees instead of bringing on more workers. 

Typically when productivity starts to slow employers need to start bringing on more employees, which would be a plus for the economy

The U.S. saw two months of payroll gains and many economists project that trend will continue when January numbers are revealed.

source: Worker's Independent News

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