According to the conventional wisdom, data released this morning should be taken as an encouraging sign for the labor market.
“US Worker Productivity Growth Slowed in Q4, Which Could Signal More Hiring in Coming Months” (Associated Press)
U.S. companies will have to keep hiring steadily to meet their customers’ rising demand. That’s the message that emerged Wednesday from a report that employers are finding it harder to squeeze more output from their existing staff.
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