Productivity up less than expected
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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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U.S. industrial output barely edged up, gaining a less-than-expected 0.1 percent in August, the Federal Reserve said on Wednesday.
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WASHINGTON: US business productivity grew more slowly in the third quarter than first thought, a government report showed yesterday, while chain store sales fell in the crucial shopping week after Thanksgiving.
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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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US manufacturing expanded at a slower pace in August as fewer companies reported an increase in orders and production. Construction spending rose to a record in July, private and government reports showed.
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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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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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The number of U.S. workers signing up for jobless benefits fell by a bigger-than-expected 19,000 last week, and non-farm worker productivity was higher in the second quarter than first reported, government reports showed on Thursday.
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WASHINGTON -- The productivity of American workers slowed sharply in the first three months of this year but wage pressures eased as well, providing evidence that inflation is being restrained.
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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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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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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. 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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WASHINGTON -- The productivity of American workers slowed in the spring while wage pressures increased.
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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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Worker productivity grew at a slower than first estimated 1.0 percent annualized pace during the first quarter as the economy just inched ahead, driving up labor costs by 1.8 percent and backing fears inflation remains a concern, a government report on Wednesday showed.
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Productivity in the education system has increased slightly but not as much as it might have, a watchdog says.