Productivity growth helps keep inflation at bay and allows real incomes to grow, but it makes businesses even slower to hire than usual.

It's as good as it gets. You've got low inflation, minimal wage pressure, great productivity, booming growth and strong demand.

Anytime you get a report that shows growth and goes against inflation, as in the productivity report we saw today, the market's going to react well to that.

Productivity always slows as the economy slows. If labor and wage costs are still on the rise and productivity slows, either corporate profits decline or prices increase.

Inflation is the wild card for 2006, with rising oil prices, an increase in commodity prices, slow productivity gains and rising interest rates.

A person can grow only as much as his horizon allows.