initial estimate

WASHINGTON | US productivity up 2.3% in third quarter

WASHINGTON— U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter. The third quarter gain in productivity was revised up slightly from an … Continue reading WASHINGTON | US productivity up 2.3% in third quarter

WASHINGTON | Consumer spending up solid 0.4 percent in June

WASHINGTON— Consumer spending rose by a solid 0.4 percent in June, while a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month — the strongest back-to-back gains in six years. The gain in spending followed an even better 0.5 percent rise in May, which was revised from … Continue reading WASHINGTON | Consumer spending up solid 0.4 percent in June