The Labor Department said Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 6.6 percent in the April-June quarter. That's the largest bump-up in worker productivity since the summer of 2003.
Likely, some politician will grab that statistic and start trumpeting the work ethic of the American laborer. Actually, all the data means is that employers have been laying off a ton of workers. Thus, those employers still on the payroll are doing more work.