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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Smartsheet's Brent Frei and Mark Mader offer their take on why productivity growth has mysteriously slowed since 2004.
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US 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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U.S. carbon dioxide emissions dropped slightly last year even as the economy grew, according to an initial estimate released yesterday by the Energy Information Administration.
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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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Productivity increased at an annual rate of 1.8 percent in the quarter, down from a 6 percent rate in the July-September period, while wage pressures increased, the government reported.
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The revised report helped to ease concerns that inflation has been running too high, but it also showed that workers earned far less than first estimated.
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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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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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NEW DELHI: Economists have pegged down GDP growth to 6.3-6.5 per cent for this fiscal on apprehension of a fall in farm output and an adverse impact of oil price hike.
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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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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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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 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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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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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter last 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. 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.