Good news on productivity
Updated: 05:26, Thursday December 6, 2012
Gross domestic product, a measure of the total output of the economy, rose by 0.5 per cent in the September quarter in real, seasonally adjusted terms, according to the figures compiled by the Australian Bureau of Statistics.
The long-run average is about 0.8 per cent.
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Even then, the gap between GDP growth and employment growth is wider than might normally be expected.
It implies output per worker is growing more rapidly than usual.
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