Productivity Growth Falls to 18-Month Low
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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.
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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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The gap between how much the US exports and imports has narrowed to its lowest level in more than a year.
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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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The UK&#39;s economic growth slowed in the third quarter as manufacturing output declined, preliminary data has shown. Gross domestic output (GDP) increased 0.4% in the three months to 18 October, according to
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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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Monthly reports from factory purchasing managers reveal a slower than expected growth rate in August.
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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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Manufacturing in the United States expanded less last month than forecast as factories cut payrolls and reduced inventories, contributing to a slowdown in the economy, according to a report released Monday.
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By Bloomberg News. The productivity of workers in the United States rose at the slowest pace in almost two years in the third quarter, a sign that companies may need to add workers at a faster rate to meet demand.
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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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The slowdown may signal that the economy is shifting down a notch from its unexpectedly robust pace of growth at the end of last year.
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The economy grew at a weaker-than-expected rate in the final three months of last year, the government's latest estimate on Wednesday showed, as businesses built fewer inventories and consumers spent less.
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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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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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Worries about the credit crunch led to slower growth in UK manufacturing last month, industry figures show.
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Worker productivity, a crucial factor in rising living standards, slowed sharply in the last quarter of 2007 while wage pressure increased.