Indicators
US Productivity Growth Cools on Rebound in Hours Worked
Workers position a pine log for milling at a sawmill in Saugerties, New York.
Photographer: Angus Mordant/BloombergUS labor productivity continued to rise in the first quarter, though at a slower pace, indicating companies are gradually improving worker efficiency to mitigate costs.
Productivity, or nonfarm employee output per hour, increased at a 0.8% annualized rate after a downwardly revised 1.6% advance in the fourth quarter, data from the Bureau of Labor Statistics showed Thursday.