Productivity Grows 2.5 Percent in Spring
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WASHINGTON - Workers' productivity increased at an annual rate of 2.5 percent in the spring, the smallest gain since late 2002, reflecting the economy's slowdown.    The increase in productivity - the amount an employee produces for every hour on the job - was down from an initial estimate of a 2.9 percent growth rate for the April-to-June quarter and marked a deceleration from the 3.7 percent pace posted in the first three months of this year, the Labor Department reported Thursday...
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U.S. business productivity rose at a  much stronger-than-expected 3.0 percent annual pace in the  fourth quarter while unit labor costs moderated, in good news  for the inflation-wary Federal Reserve.
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Friday&#39;s closely watched report from the Commerce Department says the gross domestic product grew 2.8 percent between April and June.
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The Commerce DepartmentÂs revised estimates for the third quarter show gross national product expanding at a 2.2 percent annual rate.
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Helped by robust manufacturing, Indiaâs industrial output rose a stronger-than-expected 13.6 percent in April from a year earlier, the government said. But the numbers heightened concerns that the Indian economy might be overheating, growing faster than the pace that can be sustained. It also fueled fears that the central bank might increase lending rates and take steps to restrain money supply growth to cool the economy. While the April growth was slower than the 14.5 percent rise in March, it was stronger than the 11 percent expansion forecast by economists polled by Dow Jones Newswires. The April data showed manufacturing expanded 15.1 percent in April, while electricity generation grew 8.7 percent from a year ago. Mining output rose 3.4 percent.
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The US economy grew at a 2.8 percent annual rate from April through June, slower than the government estimated last month as higher oil prices limited consumer spending and the trade deficit widened to a record.
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WASHINGTON -- The economy grew at a 2.9 percent annual rate in the spring _ better than first estimated but nowhere near the brisk pace logged in the winter, another sign of slowing business growth. Inflation marched higher.
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The U.S. economy grew at a 2.9   percent annual pace in the second quarter, faster than   originally reported but less of an upward revision than   expected, as higher business investment offset a drop in   residential construction, a Commerce Department report showed   on Wednesday.
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Worker productivity grew at a slower pace than initially estimated in the first quarter, driving up labor costs and reinforcing concerns about inflation.
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The US economy grew at an annual rate of 3.3 percent in the spring, the government reported Wednesday. That was significantly better than a previous estimate but still the weakest showing in more than a year.
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WASHINGTON -- Productivity grew at a healthy 3 percent annual rate in the final quarter, although this critical measure of U.S. economic vitality for all of 2006 expanded at the slowest pace in nine years.
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The productivity of U.S. workers rose by a weaker-than-expected 0.2 percent in the third quarter, while unit labor costs grew by less than initially thought in encouraging news for the Federal Reserve on wage pressures, government data showed on Tuesday.
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The U.S. economy grew at a 2.9  percent annual pace in the second quarter, faster than  originally reported but less of an upward revision than  expected, as higher business investment offset a drop in  residential construction, a Commerce Department report showed  on Wednesday.
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Midwestern U.S. business expansion was  faster than expected in May, with new orders and hiring  bouncing back from weak April levels, a report showed on  Wednesday.
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Manufacturing helped to lift UK productivity in the second quarter of 2006, official figures show.
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U.S. worker productivity grew at a slower pace than initially estimated during the first three months of this year as the economy just inched ahead, driving up labor costs and backing Federal Reserve sentiments that inflation is indeed a concern.
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Worker productivity rebounded, growing at the fastest pace in nearly two years, while wage pressures eased sharply in the spring &#151; developments that should reduce inflation worries.