Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Worker productivity surged at thefastest pace in six years, labor costs fell and unemploymentclaims were lower than forecast, signaling companies may bepreparing to start hiring again after cutting costs to the bone.
Productivity, a measure of employee output per hour, jumpedat a 9.5 percent annual rate in the third quarter, exceeding thehighest economist forecast, according to Labor Departmentfigures released today in Washington. Initial jobless claimsdropped by 20,000 to 512,000 in the week ended Oct. 31, thefewest since January.
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