U.S. productivity rises 2.6% in fourth quarter Economic Report – MarketWatch

Labor Feb 03, 2011 No Comments

For all of 2010, U.S. productivity grew at a 3.6% annualized rate — the fastest increase in eight years.

The unit cost of labor, meanwhile, fell at a 0.6% rate in the fourth quarter. Unit-labor costs reflect how much it costs a business to produce one unit of output, such as a ton of steel.

Unit labor costs, which have fallen in five of the past six quarters, are 0.2% lower compared to one year ago.

via U.S. productivity rises 2.6% in fourth quarter Economic Report – MarketWatch.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.