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Mon, May 04, 2009 - Page 10 News List

US unemployment rate may be at 25-year high

SHAKY Companies are slashing payrolls and hours even faster than output is slumping, which is resulting in an overall growth in productivity of 0.8 percent

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Employers are trying to get more out of the staff they have left to give profits an added lift. Labor Department figures on May 7 may show productivity grew at a 0.8 percent annual pace in the first quarter as companies slashed payrolls and hours even faster than output slumped, the survey showed.

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