Economic TimesLean R·
US productivity tops forecasts in Q2
Washington: U.S. worker productivity grew faster than expected in the second quarter and further gains are likely as businesses invest in artificial intelligence, which is expected to keep wage inflation contained.Nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter after advancing at an upwardly revised 0.8% pace in the January-March quarter, the Labor Department's Bureau of Labor Statistics said on Thursday. Economists polled …
Read at Economic Times →
