This means that businesses need to hire fewer people to get the same amount of work done. If the resulting profits were SHARED with workers and the public this might be a good thing. In Europe they have a shorter workweek, six weeks paid vacation each year, health insurance for everyone, and generous pensions when they retire. (And they can retire earlier.) But in America it means that a few rich fucks will be even richer, while the rest of us are competing with more and more un- and under-employed people for fewer jobs, losing our health insurance, working longer hours, losing the right to overtime pay, etc.
Who is our economy for? Until we take our country back, good economic news will be BAD news for most of us.