Thursday, August 11, 2016

Productivity Declines For Third Straight Quarter


By Market Watch, Aug 09, 2016 

WASHINGTON (MarketWatch) — Productivity, a sore spot for the U.S. economy over the past few years, has now declined in three straight quarters, according to data released Tuesday.

Productivity in the second quarter unexpectedly fell 0.5%, well below expectations, the Labor Department said. Economists surveyed by MarketWatch had forecast a 0.3% gain in productivity in the quarter.

Productivity is down 0.4% from a year earlier, the first year-over-year decline since the second quarter of 2013.


Read More: http://www.marketwatch.com

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