labor costs rose

WASHINGTON | US productivity growth slows to 2.2 percent rate in Q3

WASHINGTON— U.S. productivity grew at an annual rate of 2.2 percent in the third quarter. It marks a slowdown from the previous quarter but is still better than the weak gains seen for most of this nine-year expansion. Labor costs accelerated but still remained at a low level. The Labor Department says the rise in … Continue reading WASHINGTON | US productivity growth slows to 2.2 percent rate in Q3

WASHINGTON  | US productivity grew at weak 0.4 percent rate in Q1

WASHINGTON — U.S. productivity grew at an annual rate of just 0.4 percent in the first quarter, even weaker than initially estimated, while labor costs rose at a bit faster pace. The Labor Department said Wednesday that the January-March productivity increase was revised down from the 0.7 percent gain initially estimated a month ago. Labor … Continue reading WASHINGTON  | US productivity grew at weak 0.4 percent rate in Q1