U.S. productivity declines more than forecast, labor costs climb
Quarterly productivity figures are extremely volatile, but if the latest decline is sustained, it risks keeping inflationary pressures elevated.
Productivity
Articles
Experts perplexed as U.S. workers get way less productive
In the first half of 2022, productivity—the measure of how much output in goods and services an employee can produce in an hour—plunged by the sharpest rate on record going back to 1947, according to data from the Bureau of Labor Statistics.
U.S. productivity sees record 10.1% quarterly increase
U.S. productivity rose at a record rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago.
U.S. productivity up 1.7% in 2019, best gain in nine years
Productivity, a key factor needed to boost living standards, has been lagging for most of this record-long expansion, now in its 11th year.
U.S. productivity shows modest fourth quarter increase
For the full year, productivity rose 1.3 percent, a small improvement from a 1.1 percent gain in 2017. It was the best showing since a 3.4 percent productivity surge in 2010.
U.S. productivity growth ticks down slightly in third quarter
U.S. productivity rose at a slower rate in the third quarter, but the increase was still better than the lackluster gains of the last decade.
Drug tests tank more job seekers
About 80 percent of Indiana employers have been affected by prescription drug misuse and abuse, including opioid painkillers, in their workplaces, according to a survey by the National Safety Council.
Forecast for 2016: Strategist says slow economic growth ahead
If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.
U.S. worker productivity shows quarterly increase
Productivity, the amount of output per hour of work, increased at an annual rate of 2.3 percent in the third quarter while labor costs fell at a rate of 1 percent, the Labor Department reported Wednesday.
ALTOM: Technology takes (some) jobs but also creates them
In the aftermath of the Great Recession, the economy continues to grow, but it’s becoming obvious that unemployment isn’t going to nosedive the way it has after previous recessions.
Productivity falls for first time since 2008
Worker productivity declined at an annual rate of 0.9 percent in the April-to-June quarter after posting large gains throughout
2009, the Labor Department said Tuesday.
Sales-prospecting firm expects to triple employment in 2010
Locally based consultancy LeadJen had 20 employees in January. Halfway through the year, the company already has hired 20
more, and President Jenny
Vance expects to add another 20 over the next six months.
Productivity grew 3.6 percent in first quarter
Productivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed,
putting the economic recovery at risk.
Economists: Job creation near but likely to be slow
The economy is getting closer to generating jobs for the first time in two years, but it probably won’t be enough to stop
the unemployment rate from rising well into 2010.
The impact of divorce on business
Researchers have long known that divorce affects work place performance, but a human resource professional has learned that
a gentle response results in loyalty and happy customers.
Worker productivity soars, labor costs plummet
Worker productivity, the single biggest factor determining living standards, grew at the fastest pace in nearly six years
in the spring while labor costs fell by the most in nine years, as companies slashed costs to survive the recession.