(Bureau of Labor Statistics) Nonfarm business sector labor productivity in the US rose by 2.3% in the second quarter, which saw output rise by 7.9%, and hours worked by 5.5%.
Compared to the second quarter of last year, labor productivity was up 1.9%.
Unit labor costs in the nonfarm payroll rose at an annual rate of 1.0% in the quarter, reflecting a 3.3% rise in hourly compensation and 2.3% uptick in productivity.
Over the last four quarters, unit labor costs rose by 0.1%, with hourly compensation up 2.0%, and productivity up 1.9%.
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