Productivity Increases Modestly, Unit Labor Costs Drop

WASHINGTON (Reuters) - Nonfarm productivity increased at a modest pace in the third quarter, giving little sign that businesses are poised to ramp up hiring significantly.

Sections:  business   
Topics:  economy   hiring   productivity   u.s. economy   
RELATED ARTICLES
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
BING NEWS:
  • What unit labor costs can tell us about where inflation is headed
    Productivity increased 2.2% in the third quarter, the Labor Department said. But unit labor costs were revised lower than first reported.
    12/10/2024 - 12:22 pm | View Link
  • US third-quarter unit labor costs revised sharply lower
    U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months.
    12/10/2024 - 4:00 am | View Link
  • U.S. Q3 Labor Productivity Growth Unrevised, Labor Costs Rise Less Than Estimated
    While the Labor Department released a report on Tuesday showing the jump by U.S. labor productivity in the third quarter was ...
    12/10/2024 - 2:30 am | View Link
  • Sharp downgrades to US unit labor costs bode well for inflation outlook
    U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months.
    12/10/2024 - 1:14 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News