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.
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