US productivity growth rebounds to 1.3 pct. in 2nd quarter

WASHINGTON (AP) – U.S. productivity rose at a moderate pace in the April-June quarter as growth picked up and hiring remained steady.

The Labor Department says worker productivity increased at a seasonally adjusted annual rate of 1.3 percent, up from a drop of 1.1 percent in the first quarter.

The first quarter’s decline was revised sharply higher from a previous estimate of a 3.1 percent decline.

The second quarter rebound occurred mostly because the economy grew faster: It expanded at a 2.3 percent annual rate, compared with the first quarter’s anemic 0.6 percent growth.

Productivity is a gauge of how efficient workers are. It measures the output of goods and services for each hour worked. Strong productivity growth can boost wages and growth.

Yet productivity growth has been sluggish since the recession.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s