Productivity Slows, but Beats
May 05, 2011 at 13:32 PM EDT
In the first quarter. Nonfarm business sector labor productivity increased at a 1.6% annual rate. That was much better than the consensus expectation of a 1.0% increase. The gain in productivity was due to a gain of 3.1% in output and a rise of 1.4% in hours worked (Seasonally adjusted annual rate). In addition, the [...]
