U.S. productivity growth slows in Q2; labor costs revised down in Q1

Capt. John

U.S. worker productivity growth slowed in the second quarter and labor costs were far weaker than previously estimated in the first quarter, the Labor Department said on Tuesday. Nonfarm productivity, which measures hourly output per worker, increased at a 2.3% annualized rate last quarter. Data for the first quarter was revised lower to show productivity …

The post U.S. productivity growth slows in Q2; labor costs revised down in Q1 first appeared on Hellenic Shipping News Worldwide. ...

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