Sep 02, 2015

US productivity up 3.3 percent in spring, labor costs fall

WASHINGTON (AP) — U.S. productivity in the spring rose at the fastest pace since late 2013, while labor costs declined. Worker productivity increased at an annual rate of 3.3 percent in the April-June quarter, the Labor Department reported Wednesday. That was a rebound from the first quarter when productivity had fallen at a 1.1 percent rate and a sizeable upward revision from the government's...

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