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Article: US productivity increases at 3.8 percent rate in first quarter
- Article from:
- Xinhua News Agency
- Article date:
- June 3, 2004
CopyrightCopyright 2004 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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US productivity increases at 3.8 percent rate in first quarter
WASHINGTON, June 3 (Xinhua) -- The nonfarm productivity in the
United States increased at an annual rate of 3.8 percent, faster than
the 3.5 percent rate previously estimated, the Labor Department
reported on Thursday.
The increase in US productivity -- the amount an employee produces
for every hour on the job -- in the first three months of this year
followed the 2.5 percent pace registered in the final quarter of
2003.
The report showed that unit labor costs -- a measure of how much
companies pay workers for every unit of output they ...