Another Excellent Productivity Growth Quarter

Another excellent productivity growth quarter. The Bureau of Labor Statistics reports:

The Bureau of Labor Statistics of the U.S. Department of Labor today reported preliminary productivity data--as measured by output per hour of all persons--for the first quarter of 2006. The seasonally adjusted annual rates of productivity change in the first quarter were:

3.4 percent in the business sector and
3.2 percent in the nonfarm business sector.

...In manufacturing, productivity changes in the first quarter were:

4.2 percent in manufacturing,
3.8 percent in durable goods manufacturing, and
4.4 percent in nondurable goods manufacturing.

The "new economy" is very much alive--much more alive than I would have dared to forecast it would be back in 2000.

Looking back, this makes me quite proud of: "Productivity Growth in the 2000s."