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Real average weekly earnings rose by 0.6 percent in December, according to the U.S. Bureau of Labor Statistics.
A 0.3 percent increase in average hourly earnings and a 0.9 percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) were partially offset by a 0.6 percent decrease in average weekly hours.
Over [...]
U.S. productivity rose 1.1 percent in the nonfarm business sector in third-quarter 2008, as hours fell faster than output, according to the Bureau of Labor Statistics
Unit labor costs grew 3.6 percent.
Manufacturing productivity declined 1.0 percent; unit labor costs increased 6.1 percent.
All rates are seasonally adjusted annual rates.
Loss of a crop to a flood usually will not excuse a farmer’s obligation to deliver grain at harvest under a forward contract otherwise legally enforceable, concludes a new University of Illinois Extension study.
“The 2008 flood that wreaked havoc on Midwestern farmland and contributed to an increase in grain prices compared to the fall of [...]
Recent hog prices are a “miracle,” says Purdue University Extension marketing specialist Chris Hurt, who compares the high prices to an answered prayer.
Overall, the current futures forecasts say that producer losses will not be nearly as bad for the rest of this year as had been anticipated. But the markets also agree that it will [...]
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