Productivity falls in 1st quarter
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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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U.S. construction spending fell a sharper-than-expected 1 percent last month as home building posted a seventh straight drop, according to a government report on Friday that underscored the weakness in the U.S. housing market.
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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. 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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Factory production shrank in December  for the first time in nearly a year as tighter lending  conditions and a slowing economy took their toll, according to  a national survey published on Wednesday.
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The maker of home-improvement products gave a first-quarter outlook that was lower than Wall Street forecasts, citing the sluggish U.S. housing market.
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U.S. business productivity growth  proved surprisingly sluggish at the end of 2004 and claims for  jobless aid unexpectedly dipped last week, according to  government reports that showed a good sign for employment which  could fan inflation fears.
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WASHINGTON -- The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years, as some businesses clamped down on spending given uncertainties about the severity of the housing slump.
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U.S. manufacturing contracted in  November for the first time in 3-1/2 years, while construction  spending fell sharply in October, according to reports on  Friday pointing to a slowdown in the U.S. economy.
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Sudden year-end slowdown is to blame, researcher says.
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US labour productivity growth slowed sharply in the July to September period,  official figures show.
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Another impressive first quarter, but business may be softening.
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Slumping corporate spending and exports caused the economy to slow to a crawl in the July-September period, with real gross domestic product expanding just 0.1 percent from the previous quarter, Cabinet Office data showed Friday.
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The federal budget deficit inched up in the first quarter of the fiscal year, congressional budget estimators said yesterday, as the growth in tax revenue slowed along with the softening economy.
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Global sales of recorded music slid 1.3 percent in the first half of 2004, but the rate of decline was slower than in previous years, a leading industry group said Thursday.
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The productivity of American workers slowed in the spring while wage pressures increased.
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New labor statistics show that productivity is slowing faster than previously thought, raising the question of whether layoffs are soon to follow.