Productivity slows, costs rise
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US worker productivity grew less last quarter than the government initially estimated and labor costs climbed, giving the Federal Reserve reason to remain concerned about inflation.
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Growth in the U.S. services sector  accelerated unexpectedly in November and third-quarter labor  costs grew more slowly than forecast, suggesting the economy  may be weathering a manufacturing slowdown with wage-driven  inflation coming under control.
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WASHINGTON -- The efficiency of workers rose at a modest pace in the final three months of last year, far below the gain originally estimated, while worker wages and benefits soared.
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Fewer Americans filed jobless claims  last week and growth in worker productivity slowed sharply in  the third quarter, government data showed on Thursday, hinting  that conditions in the sluggish U.S. labor market have  improved.
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Business productivity growth was  revised down sharply in the fourth quarter to an annualized 1.6  percent pace, government data on Tuesday showed, suggesting  inflation pressures as labor costs soared.
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WASHINGTON -- Growth in worker productivity slowed sharply in the summer while wages and benefits rose at a rate that was far below a previous estimate, a development likely to ease inflation worries at the Federal Reserve.
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U.S. employment costs rose a  slightly less-than-expected 0.7 percent in the fourth quarter  of 2004, as salaries and wages grew at their slowest rate in  nearly six years, a government report showed on Friday.
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A string of government reports yesterday offered a mixed picture of the US economy. Worker productivity grew at a 2.5 percent annual rate in the second quarter, the
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U.S. business productivity grew more  slowly in the third-quarter than first thought, a government  report showed on Tuesday, with other economic indicators also  painting a mixed picture for growth.
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Productivity grew at a 3 percent annual rate in the final quarter, although for 2006, it expanded at the slowest pace in nine years.
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Japanese firms' spending on equipment slows from July to September, raising fears of a dent in economic growth.
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U.S. business productivity growth proved surprisingly sluggish at the end of 2004 and claims for jobless aid unexpectedly dipped last week, according to government reports that showed a good sign for employment which could fan inflation fears.
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U.S. business productivity rose at a  1.1 percent annual rate in the second quarter but unit labor  costs jumped sharply, according to a government report that  gave the Federal Reserve a final piece of inflationary data as  a pivotal meeting started on Tuesday.
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The pace of U.S. worker productivity  growth slowed at the end of 2004 and new claims for jobless aid  dipped last week, according to reports raising both job-growth  hopes and inflation concerns.
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Manufacturing expanded at the slowest pace in more than a year in October, Americans spent more than they earned in September and home construction declined in the final economic reports before tomorrow&#39;s presidential election.
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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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WASHINGTON, Sept. 4  â Growth in American manufacturing slowed in August while construction spending dropped markedly in July.