Thursday 2 February 2012

Growth in Agriculture Sector in U.S

A project of http://youthcm.com
Youth Career Management (YCM) reports that: The productivity growth outside the agricultural sector of the United States slowed in the fourth quarter of 2011, with the recovery of wages, although the increase in payment for hours worked only moderate inflationary pressures point. Productivity grew at an annual rate of 0.71 percent, the Labor Department reported. Economists polled by Reuters had forecast a rise of 0.79 percent. In the third quarter, productivity rose 1.92 percent. In 2011 as a whole, productivity grew 0.71 percent, the smallest increase since 2008.The hourly wage rose 1.88 percent in the last three months of the year, after the fall of the previous two quarters. This rate is well below the U.S. inflation: Consumer prices rose 3.1 percent in the 12 months to December. The low growth of wages supports the vision of the Federal Reserve, which sees an environment of moderate inflation. This gives the central bank more room to try to stimulate growth and fight unemployment.The unit labor costs rose 1.22 percent in the fourth quarter. Economists predicted a rise of 0.8 percent

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