US productivity beats forecasts
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US productivity grew at a stronger-than-expected 3% in the last three months of 2006, figures show.
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The productivity of America's workers grew at a 1.8 percent annual rate in the third quarter, the slowest pace in nearly two years, the government reported yesterday. The deceleration, however, raised some hope that employers who have squeezed efficiencies out of existing workforces may boost hiring.
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The US economy was stronger than first thought in the three months to 30 September, revised figures show.
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Productivity grew at a slightly faster-than-expected annualized pace in the 2nd quarter, the highest since the 3rd quarter of 2005, government data showed.
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US industrial output advanced in July, as American factories operated at their highest capacity in more than three years, a Federal Reserve report on Tuesday showed.
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U.S. business productivity mounted at a much stronger-than-expected 3.0 percent annual pace in the fourth quarter, according to government data on Wednesday, while unit labor costs rose slightly less than predicted.
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U.S. industrial output advanced in  July, as American factories operated at their highest capacity  in more than three years, a Federal Reserve report on Tuesday  showed.
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US manufacturing activity remained strong in September and construction spending surged to a record high in August, according to a pair of reports issued Friday that provided an optimistic look at the sturdiness of the economy.
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The US economy added 337,000 now jobs in October, a seven-month high and much higher than Wall Street expectations.
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Despite the slowing U.S. economy, UPS delivered a better-than-expected quarter.
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US industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump.
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Productivity in the fourth quarter rose at a stronger-than-expected pace as the biggest cutback in working hours in nearly five years helped restrain growth in labor costs, a U.S. Labor Department report showed on Wednesday.
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The United States is showing signs of faster economic growth, according to reports released on Monday on the Midwest and New York City economies and U.S. personal income.
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Final quarter output of goods and services beat economist estimates, and a new GDP report raised no inflation concerns.
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U.S. stocks advanced at the start of trading Wednesday as investors appeared to cheer a report showing better-than-expected productivity.
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US incomes grew at their fastest pace in a year during January, official figures show.
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The US economy grew 4% in the second quarter of the year, a much stronger performance than first thought.