United States productivity rises in Q2

Paterniano Del Favero
Agosto 9, 2017

United States productivity grew more than expected in the second quarter as hours worked rose at their fastest pace in 18 months.

The report said labor productivity climbed by 0.9 percent in the second quarter after inching up by a revised 0.1 percent in the first quarter.

The latter followed a sharp 6.3% fall in the last three months of 2016.

Unit labor costs had been expected to climb by 1.2 percent compared to the 2.2 percent jump that had been reported for the previous quarter. But despite the recent pickup, productivity growth remains subdued by historical standards.

"Slow growth in output prices, disappointing productivity trends, and fast-rising unit labor costs have depressed unit profits for companies in recent years and have been one factor preventing wages from picking up at a faster pace, in our view".

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