Productivity advances at fastest pace in 6 years in 3Q as labor costs fall sharply
Jump in productivity puts job creation in doubt Productivity increases more than expected in 1st-qtr, as layoffs rise faster than output fallsWASHINGTON — U.S. workers were more productive in the first quarter than previously estimated, the government said Thursday, as rapid layoffs meant companies were forced to make do with fewer employees. Productivity rebounds in first quarter while wage pressures ease as recession deepensWASHINGTON — The government says productivity rebounded in the first three months of this year while wage pressures eased, both outcomes reflecting the country’s deep recession. |