(Bloomberg) -- U.S. worker productivity last quarter
grew less than previously estimated and labor costs rose, giving
the Federal Reserve reason to remain concerned about inflation,
economists said before a government report today.
Productivity, a measure of how much an employee produces
for each hour of work, rose at an annual rate of 1 percent, down
from the 1.7 percent gain estimated last month, according to the
median estimate of 70 economists surveyed by Bloomberg News. A
measure of labor costs rose at a 1.3 percent rate, more than
double the 0.6 percent rate initially reported.
Read more at Bloomberg Bonds News
grew less than previously estimated and labor costs rose, giving
the Federal Reserve reason to remain concerned about inflation,
economists said before a government report today.
Productivity, a measure of how much an employee produces
for each hour of work, rose at an annual rate of 1 percent, down
from the 1.7 percent gain estimated last month, according to the
median estimate of 70 economists surveyed by Bloomberg News. A
measure of labor costs rose at a 1.3 percent rate, more than
double the 0.6 percent rate initially reported.
Read more at Bloomberg Bonds News
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