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VOL. 38 | NO. 35 | Friday, August 29, 2014

US worker productivity up 2.3 percent in 2Q

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WASHINGTON (AP) — U.S. workers saw their productivity increase in the April-June quarter after a big decline in the first quarter while their labor costs edged down slightly.

The Commerce Department says that productivity, the amount of output per hour of work, rose at a seasonally adjusted annual rate of 2.3 percent in the second quarter. That represented a large rebound from the first quarter when productivity fell at a 4.5 percent rate. Unit labor costs edged down 0.1 percent at an annual rate in the second quarter, a significant moderation from an 11.6 percent surge in the first quarter.

Gains in productivity mean workers can be paid more without worsening inflation. Over the past year, productivity is up a modest 1.1 percent while labor costs have risen 1.7 percent.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0