Productivity on the upswing – Is the economy finally recovering
The Deparment of Labor (DOL) released a report showing that U.S. worker
productivity has risen in the second quarter of 2014. This is a greater increase
than expected based on previous estimates.
Productivity increased at a 2.5% annualized rate, after a revised 4.5%
decrease in the prior three months that was the biggest since 1981, according to
the DOL.
The positive news comes a month after Julys favorable jobs report, which
showed that employers added more than 200,000 workers to payrolls for a sixth
straight month, the first time thats happened since 1997.
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