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Productivity gains may be bad news for job seekers

By Associated Press
Thursday, November 5, 2009 -
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WASHINGTON — Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon.

Employers became leaner and more efficient in the third quarter. Wages, meantime, remain flat or falling. The result is that productivity — output per hour of work — jumped at the fastest pace in six years.

 
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Sonja Jackson, of Detroit, holds a...
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Sonja Jackson, of Detroit, holds a Employment Guide standing in line while attending a job fair in Livonia, Mich., Wednesday, Nov. 4, 2009.

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