Productivity growth revised down to 1.6 pct
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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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Japan&#39;s unemployment rate fell to a six-year low in November and industrial production picked up, offering evidence that the nation&#39;s recovery is continuing, although at a significantly slower pace than earlier in the year.
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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 -- 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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The productivity of America's workers grew at a 1.8 percent annual rate in the third quarter, the slowest pace in nearly two years, the government reported Tuesday.
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The economic expansion that began six years ago has failed to benefit most workers, according to a report from the nonpartisan Economic Policy Institute, released Monday.
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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 at   an upwardly revised 1.6 percent annual rate in the second   quarter, the government said on Wednesday in a report that   showed worker compensation rising much more swiftly than   earlier estimates.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter of 2004 year, its slowest since the beginning of 2003  as the country's trade performance deteriorated and inflation  picked up, a government report on Friday showed.
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The U.S. economic outlook dimmed  somewhat on Tuesday after reports said business productivity  grew more slowly in the third quarter than first estimated,  labor costs rose and other indicators signaled softening  activity.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter of 2004, its slowest since the beginning of 2003 as the  country's trade performance deteriorated and inflation picked  up, a government report on Friday showed.
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The US economy grew at a pace of 2.2% in the last three months of 2006, down from a previous estimate of 3.5%.
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The economic growth rate in the July-September period was revised slightly downward from an already weak preliminary report, the government said Wednesday.
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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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Growth advanced at a rate of just 0.6 percent, compared with an initial estimate of 1.3 percent.
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U.S. business productivity rose at just a 0.8 percent annual rate in the fourth quarter, an unexpectedly slim advance that was the smallest in nearly four years, according to a government report on Thursday that could fan inflation fears.
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Japan&#39;s economic growth in the April-June period was revised down to 0.3 percent in real terms, dropping 0.1 percentage points from the previously released figure,the government said Friday.