Economic Development Futures Journal

Friday, September 03, 2004

counter statistics

Economy Still in Soft Patch

Worker productivity growth slowed in the second quarter, retailers saw tepid sales in August and new claims for unemployment benefits were up last week, according to a trio of reports that suggested the economy was still working through its rough patch.

I am a little concerned about the productivity slip. That's key to our global competitiveness. If we lose in this arena, we have set the stage for lots more offshoring.

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