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Financial News: U.S. Labor Productivity Climbs More Than Initially Estimat

U.S. Labor Productivity Climbs More Than Initially Estimated In Q2

09/07/2017 - 08:40:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed U.S. labor productivity increased by more than initially estimated in the second quarter, while unit labor costs rose by less than initially estimated.

The Labor Department said labor productivity climbed by 1.5 percent in the second quarter compared to the previously reported 0.9 percent increase. Economists had expected the pace of productivity growth to be upwardly revised to 1.3 percent.

Meanwhile, the report said unit labor costs rose by 0.2 percent during the quarter compared to the previously reported 0.6 percent growth. Unit labor costs had been expected to rise by a revised 0.3 percent.

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