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US worker productivity up 2.3 percent in 2Q

By Martin Crutsinger
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US worker productivity up 2.3 percent in 2Q

WASHINGTON (AP) — U.S. workers’ productivity increased in the April-June quarter after a big decline in the first quarter while their labor costs edged down slightly.

Productivity, the amount of output per hour of work, rose at a seasonally adjusted annual rate of 2.3 percent in the second quarter, the Labor Department reported Thursday. That represented a large rebound from the first quarter when productivity fell at a 4.5 percent rate. Unit labor costs edged down 0.1 percent at an annual rate in the second quarter, a significant moderation from an 11.6 percent surge in the first quarter.

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