Category: Unrevised

US 1st-Quarter Worker Productivity Unrevised at 5.4

WASHINGTON—U.S. worker productivity rebounded solidly in the first quarter, the government confirmed on Thursday, also noting that labor costs grew instead of contracting as previously reported. Nonfarm productivity, which measures hourly output per worker, increased at an unrevised 5.4 percent annualized rate last quarter, the Labor Department said. Productivity fell at a 3.8 percent rate…


US 1St-Quarter Worker Productivity Unrevised at 5.4 Percent

WASHINGTON—U.S. worker productivity rebounded solidly in the first quarter, the government confirmed on Thursday, also noting that labor costs grew instead of contracting as previously reported. Nonfarm productivity, which measures hourly output per worker, increased at an unrevised 5.4 percent annualized rate last quarter, the Labor Department said. Productivity fell at a 3.8 percent rate…