(Reuters) - The Labor Department reported on Wednesday that non-farm
productivity, a measure of how much any given worker can
produce in an hour, advanced at a 1.0 percent annualized pace
during the first quarter of this year, driving up unit labor
costs by 1.8 percent.
Economists polled ahead of the Labor Department report had
revised down their forecasts for productivity, expecting
non-farm productivity to advance by 1.1 percent and unit labor
costs to rise by a bigger 1.2 percent after the government
reported scant gross domestic product growth of just 0.6
percent during the first quarter.
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productivity, a measure of how much any given worker can
produce in an hour, advanced at a 1.0 percent annualized pace
during the first quarter of this year, driving up unit labor
costs by 1.8 percent.
Economists polled ahead of the Labor Department report had
revised down their forecasts for productivity, expecting
non-farm productivity to advance by 1.1 percent and unit labor
costs to rise by a bigger 1.2 percent after the government
reported scant gross domestic product growth of just 0.6
percent during the first quarter.
Read more at Reuters.com Bonds News
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