Productivity in U.S. Rises Above Forecast as Output Grows
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The productivity of U.S. workers rose more than projected in the second quarter as the world’s largest economy expanded.
The measure of employee output per hour increased at a 0.9 percent annualized rate, after a 1.7 percent decline in the prior three months, a Labor Department report showed today in Washington. The median forecast in a Bloomberg survey of economists called for a 0.6 percent advance. Expenses per worker rose at a 1.4 percent rate, greater than estimated.