US labor costs flat in Q2 – Productivity up at 2.3%

Labor Sep 06, 2013 No Comments

Labor costUnit labor costs were flat in the second quarter, less than the 1.4 percent rise the government had initially estimated. U.S. workers were more productive from April through June than previously estimated while labor costs were unchanged.

Productivity grew at an annual rate of 2.3 percent in the April-June quarter, up from an initial estimate of 0.9 percent growth, the Labor Department said Thursday.

The 2.5 percent economic growth rate was much stronger than the 1.7 percent annual rate estimated a month earlier for the gross domestic product, the economy’s total output of goods and services.

via US worker productivity up at 2.3 percent rate | Business & Technology – The Seattle Times

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.

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