Worker Productivity Rises in Spring
Washington, DC, Sept. 5, 2012 -- U.S. worker productivity this spring was higher than anticipated, according to the Labor Department.
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Productivity increased at an annual rate of 2.2% in the April-June quarter after declining at a 0.5% pace in the first quarter of the year.
That's up from an initial estimate of a 1.6% gain.
Labor costs rose at an annual rate of 1.5%, slightly lower than the 1.7% initially estimated.