Home News US productivity shows no gain in fourth quarter

US productivity shows no gain in fourth quarter

114

WASHINGTON (AP) — U.S. productivity showed no gain in the fourth quarter, the poorest performance since an outright decline in the first quarter of 2016. It was further evidence of the struggles the country is facing in boosting worker efficiency.

The flat reading the Labor Department reported Wednesday was a slight improvement over an initial estimate a month ago that productivity had actually fallen at a seasonally adjusted annual rate of 0.1 percent last quarter. Labor costs rose at an annual rate of 2.5 percent in the fourth quarter, a modest gain that followed a 1 percent increase in the third

OR
OR

Leave a Reply