Data released today shows:

• a drop in Britain's Construction PMI
• a rise in U.S. Job Cuts
• a drop in U.S. Unemployment Claims (which are still at higher average levels than from 2000 to 2009)
• a sharp drop in U.S. Nonfarm Productivity
• a sharp rise in Unit Labour Costs

as shown on the graphs below.
So, basically, we have a situation of fewer people being less productive at higher company costs in the U.S. and a continuing drop in Britain's business conditions. These figures do  not bode well for a healthy business environment for either country that would support sustainable growth, without increasingly higher inflation in the short, medium, and long term, in my opinion.

Read more http://www.strawberryblondesmarketsummary.com/2012/02/lacklustre-data-releases.html

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