Tags: Productivity | worker | economy | labor

Productivity Rises Faster Than Expected in Fourth Quarter

Thursday, 06 Feb 2014 08:39 AM

U.S. productivity slowed in the fourth quarter while labor costs kept falling. For the year, productivity turned in another weak gain.

The Labor Department says productivity grew at an annual rate of 3.2 percent in the October-December period, down slightly from a 3.6 percent growth rate in the third quarter. Labor costs fell at a 1.6 percent rate in the fourth quarter after an even bigger 2 percent rate of decline in the third quarter.

For the year, productivity rose a slight 0.6 percent, down from a 1.5 percent increase in 2012, and the weakest performance since an 0.5 percent rise in 2011. Labor costs edged up a slight 1 percent in 2013, continuing a trend of modest gains in labor costs.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Economy
U.S. nonfarm productivity rose more than expected in the fourth quarter, mirroring the economy's sturdy growth pace, but weak unit labor costs pointed to subdued wage inflation.
Productivity,worker,economy,labor
122
2014-39-06
Thursday, 06 Feb 2014 08:39 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved