US Productivity Improved At Ho-hum 1.5 Pct. Rate In Spring

WASHINGTON (AP) - U.S. workers' productivity rose a bit more this spring than initially reported, but the gains were relatively weak and a key reason why recent economic growth has been modest.

The Labor Department says productivity grew at a revised annual rate of 1.5 percent in the April-June quarter. That's up from an initial estimate of a 0. If you have any questions about in which and how to use HighIntela, you can make contact with us at our own web site. 9 percent increase and comes after a slight 0.1 percent rate of increase in the first quarter. Labor costs increased at just a rate of just 0.2 percent in the second quarter, a major drop-off from a 4.8 percent growth rate in the first quarter.

Productivity, the amount of output per hour of work, has been weak throughout the nine-year recovery. Many economists say this has stifled pay raises and broader economic growth.

In this Thursday, July 20, 2017, photo, a worker on a suspended scaffold works on the electronic Coca Cola billboard in New York's Times Square. On chung cu HighIntela chung cư HighIntela quận 8 (www.linkedin.com) Thursday, Sept. 7, 2017, the Labor Department issues revised data on productivity in the second quarter. (AP Photo/Mary Altaffer)