Difference between revisions of "US Productivity Improved At Ho-hum 1.5 Pct. Rate In Spring"
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− | WASHINGTON (AP) - U.S. workers' productivity rose a bit more this spring than initially reported, but the gains were relatively weak and a key reason why recent economic growth has been modest.<br><br>The Labor Department says productivity grew at a revised annual rate of 1.5 percent in the April-June quarter. That's up from an initial estimate of a 0.9 percent increase and comes after a slight 0.1 percent rate of increase in the first quarter. Labor costs increased at just a rate of just 0 | + | WASHINGTON (AP) - U.S. workers' productivity rose a bit more this spring than initially reported, but the gains were relatively weak and a key reason why recent economic growth has been modest.<br><br>The Labor Department says productivity grew at a revised annual rate of 1.5 percent in the April-June quarter. That's up from an initial estimate of a 0.9 percent increase and comes after a slight 0.1 percent rate of increase in the first quarter. Labor costs increased at just a rate of just 0.2 percent in the second quarter, a major drop-off from a 4.8 percent growth rate in the first quarter.<br><br>Productivity, the amount of output per hour of work, has been weak throughout the nine-year recovery. Many economists say this has stifled pay raises and broader economic growth.<br><br>In this Thursday, July 20, 2017, photo, a worker on a suspended scaffold works on the electronic Coca Cola billboard [https://www.linkedin.com/pulse/vị-trí-dự-án-căn-hộ-high-intela-quận-8-hank-nguyen HighIntela quận 8] in New York's Times Square. If you [http://Www.Wikipedia.org/wiki/enjoyed enjoyed] this article and you would certainly like to get more facts relating to [https://giaodichnha.com/du-an-can-ho-high-intela-quan-8/ can ho HighIntela] kindly see our own web-site. On Thursday, Sept. 7, 2017, the Labor Department issues revised data on productivity in the second quarter. (AP Photo/Mary Altaffer) |
Revision as of 22:13, 20 December 2017
WASHINGTON (AP) - U.S. workers' productivity rose a bit more this spring than initially reported, but the gains were relatively weak and a key reason why recent economic growth has been modest.
The Labor Department says productivity grew at a revised annual rate of 1.5 percent in the April-June quarter. That's up from an initial estimate of a 0.9 percent increase and comes after a slight 0.1 percent rate of increase in the first quarter. Labor costs increased at just a rate of just 0.2 percent in the second quarter, a major drop-off from a 4.8 percent growth rate in the first quarter.
Productivity, the amount of output per hour of work, has been weak throughout the nine-year recovery. Many economists say this has stifled pay raises and broader economic growth.
In this Thursday, July 20, 2017, photo, a worker on a suspended scaffold works on the electronic Coca Cola billboard HighIntela quận 8 in New York's Times Square. If you enjoyed this article and you would certainly like to get more facts relating to can ho HighIntela kindly see our own web-site. On Thursday, Sept. 7, 2017, the Labor Department issues revised data on productivity in the second quarter. (AP Photo/Mary Altaffer)