Productivity and Employment Costs at a Glance
Business Sector Productivity: Up 2.6%
Nonfarm Business Productivity: Up 1.8%
Manufacturing Productivity: Up 1.6%
Durable Goods Manufacturing Productivity: Up 4.7%
Nondurable Goods Manufacturing Productivity: Down 1.9%
Business Labor Costs: Up 2.6%
Technorati Tags: productivity, employment costs
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Consumer credit increased at an annual rate of 5-1/2 percent in the second quarter of 2007. In June, consumer credit increased at an
annual rate of 6-1/2 percent.
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The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Although the downside risks to growth have increased somewhat, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the outlook for both inflation and [...]
