@Cycloptichorn,
Cycloptichorn wrote:
The ADP report for February is teasing another good job growth month - they predict 250k+ jobs.
Cycloptichorn
Another interesting number out today had to do with "productivity." That statistic has to do with how many widgets can be produced vs how many hours of labor manufacturers have to pay for. That is a gross over-simplication in terms. Bear with me.
Productivity has increased because of advances in technology. And productivity has increased because in some cases employers have shed less productive employees or less profitable products.
Today's stats suggest that the growth in productivity (widgets vs hours of labor) has slowed. That might mean that producers will have no choice other then to add jobs.