US productivity revised downwards
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The productivity of US workers rose by less than first estimated in the first three months of 2007, figures show.
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U.S. 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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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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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 productivity of America&#39;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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Business productivity growth was  revised down sharply as expected in the fourth quarter to an  annualized 1.6 percent pace, government data on Tuesday showed,  in a warning on inflation as labor costs soared.
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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.
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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 U.S. 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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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 US current account deficit falls in the third quarter to the lowest level in two years as US exports surge.
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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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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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Annual US economic growth fell to 2.8% in the second quarter of 2004, marking a slowdown from the 3% estimated a month ago.
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WASHINGTON -- Economic growth clocked in at a 2.6 percent pace in the spring, a weaker performance than previously estimated and a fresh sign the economy has shifted into a lower gear.
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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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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.