Indicators
US Productivity Rebounds in Second Quarter as Output Picked Up
A worker arc welds a metal door during production, in Sacramento, California.
Photographer: David Paul Morris/BloombergUS labor productivity rebounded in the second quarter along with the economy, resuming a trend of efficiency gains that are helping keep a lid on wage-related inflationary pressures.
Productivity, or nonfarm employee output per hour, increased at a 2.4% annualized rate after declining a revised 1.8% in the first quarter, data from the Bureau of Labor Statistics showed Thursday. Unit labor costs — what businesses pay employees to produce one unit of output — rose 1.6%.