Daily Three: Productivity Falls In the Second Quarter, Layoffs Slow To A 15 Year Low and The Government Deficit For July Is $113 Billion
August 10, 2016    Disclosures    POSTED IN  EconomyMarkets
  • Second quarter productivity decreased at a 0.5% seasonally adjusted annual rate making it the third straight quarter decline, the longest streak since ’79. The Wall Street Journal
  • The Jolts report, Job Openings and Labor Turnover Survey, showed that the June layoff rate fell to 1.1% matching the lowest level in 15 years however the rate of hiring has still to match pre-recession figures. The Wall Street Journal
  • The federal government’s budget deficit for July was $113 billion according to the Treasury Department with total spending 14% lower than a year ago. MarketWatch
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