Blessing or Curse?
By Jesse Freund

(Business 2.0) – Productivity used to be one thing everyone liked. Not anymore. When the Bureau of Labor Statistics releases its Q1 productivity report on May 6, the reaction is likely to be, well, complicated. Rising productivity means workers can produce more goods with the same effort; in the long run, that makes us richer. In the short run, it allows the economy to expand without adding jobs. Economists expect productivity growth of 3 percent--normally a cause for celebration. But with employment finally ticking up, enthusiasm about the new figures may be more subdued.