Productivity Up in Quarter; Pace Slowed in All of 2006
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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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US labour productivity growth slowed sharply in the July to September period,  official figures show.
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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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Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year as overall economic activity weakened considerably while labor pressures increased.
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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.
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GDP rose by only 0.6 percent last quarter, the slowest rate in one year.
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WASHINGTON -- Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased.
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The economy will likely pick up in  2007 after output growth slows rapidly in late 2006, according  to a survey conducted by the Philadelphia Federal Reserve Bank  released on Thursday.
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Manufacturing output climbed in June, official data has shown, but at a slower pace than had been forecast by analysts.
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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.
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U.S. business productivity grew more  slowly in the third quarter than first thought, climbing at a  revised 1.8 percent annual rate, a government report showed on  Tuesday, while growth in unit labor costs was nudged up to a  1.8 percent pace.
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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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The productivity of America&#39;s workers grew at a 1.8% annual rate in the third quarter, the slowest pace in nearly two years, the government reported Tuesday.
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Workers stepped up their efficiency in the final three months of 2006, yet productivity still turned in the weakest yearly performance in almost a decade.
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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 productivity of America's workers grew at a 1.9 percent annual rate in the third quarter, the smallest gain since late 2002, the government reported yesterday.
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The economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 percent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump.