U.S. Productivity Rises 2.6% in Fourth Quarter, Costs Fall
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The productivity of U.S. workers increased in the fourth quarter at a faster pace as companies sought to pare costs to preserve profits.
The measure of employee output per hour rose at an unrevised 2.6 percent annual rate after a third-quarter gain of 2.3 percent, figures from the Labor Department showed today in Washington. Labor expenses fell for a second straight year.