Rates Up On Increased Worker Productivity Report
6 February 2008
Rates increased today after the Labor Department issued a report that exceeded expected levels of worker productivity and conflicted with concerns about a weakening economy and recession. Rates could increase by .25 to the points today.
The reported gain far exceeded the expected level of .5%, although labor costs were in line.   Usually, when the economy is in a recession, productivity will decline as companies are left with excess production capacity.
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