Thursday, May 3, 2007

US Q1 productivity growth grew 1.7 pct

(Reuters) - Productivity advanced by 2.1 percent in the fourth quarter of last year, revised up from the previously reported 1.6 percent gain.

Unit labor costs grew by 0.6 percent in the first three months of the year, well below the 4 percent rise analysts were expecting. It was the weakest showing since labor costs fell 2.5 percent in the second quarter of 2006.


Read more at Reuters.com Economic News

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