Productivity revised to 0.2 percent gain
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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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Healthy business investment helped the U.S. economy grow at a revised 3.8 percent annual rate in the second quarter, slightly less than previously thought because of brisker demand for foreign goods and services, the Commerce Department said on Thursday.
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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 yesterday. The deceleration, however, raised some hope that employers who have squeezed efficiencies out of existing workforces may boost hiring.
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Â· New figure of 2.47m is less than half previous count Â· Latest statistics based on more reliable survey
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Japan has revised down second-quarter economic growth to 0.3 percent from an initial estimate of 0.4 percent, defying widespread expectations for an upward revision and sending the yen and stocks lower.
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The US economy slowed less than previously estimated in the second quarter as exports and inventories grew, revised numbers from the government show.
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Producer prices, or the cost of goods at the factory gate, rose by a slight 0.2 percent in June from the preceding month, official data showed Monday.
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Worker productivity rebounded in the April-June quarter, growing at the fastest pace in nearly two years, while wage pressures eased, the Labor Department reported Thursday.
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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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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 US gross domestic product grew only 2.2 percent last quarter.
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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 productivity of US workers rose by less than first estimated in the first three months of 2007, figures show.
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Worker productivity rebounded, growing at the fastest pace in nearly two years, while wage pressures eased sharply in the spring &#151; developments that should reduce inflation worries.
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The gross domestic product, the broadest measure of economic output, grew at a 3.3 percent annual rate in the second quarter, the Commerce Department reported yesterday, revising its earlier estimate of 2.8 percent.
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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 in the fourth quarter  rose at a stronger-than-expected pace as the biggest cutback in  working hours in nearly five years helped restrain growth in  labor costs, a U.S. Labor Department report showed on  Wednesday.