Worker Productivity Better Than First Thought
Worker productivity increased at an annual rate of 2.6% in the 1Q, the Labor Department reported, which was up from a 2.2% rate initially estimated. That was a significant improvement from a 1.8% annual rate of growth in the 4Q. Meanwhile, wage pressures moderated, with unit labor costs rising at an annual rate of 2.2% in the 1Q, a big slowdown from the 4.7% jump in labor costs in the final three months of last year. This should be welcome news for the Federal Reserve, which is concerned about inflation. While rising wages are good for employees, those increases can lead to higher inflation if businesses are forced to raise the cost of their goods to cover the higher payrolls. However, if productivity is increasing, businesses can finance higher wages out of the increased output without raising prices..
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Factoring, Credit and
Economy News
Date Last Updated: 06/09/2008 |
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing company with unlimited payroll funding ,
whether you're a start up or a multi-million dollar
temp-staffing agency. Our
clients provide staffing for various industries including Professional, Office
Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared
to gain your share with a FactorLine facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor,
packaging company, or
any business that invoices to credit worthy customers, then a FactorLine from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding service, enabling you to increase your cash flow without the need
for bank loans. We are always adding new industries and will consider factoring
service providers in any industry.
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