Productivity up 2.2 percent

Productivity is solid and labor costs are slowing and this will take the pressure off inflation and the Federal Reserve,'' said Mark Zandi, chief economist at Moody's Economy.com in West Chester, Pennsylvania. ``Unit labor costs have essentially come to a grinding halt and that should support corporate profits and allow businesses to hold the line on prices

Read: labor costs are slowing, which if anyone is aware, offshore outsourcing does spike up US domestic productivity so this is probably not too good of news for workers and wages in my view.