Wed, 08 Aug 2012 19:46:12 GMT
U.S. productivity rose 1.6% in the second quarter
As reported by the Labor
Department, the world's biggest economy's productivity rebounded in the April-to-June
period and added 1.6 per cent, after declining by 0.5 per cent in the first
quarter of 2012. Despite the fact that
the number of hours employees worked was little changed, the total amount of
produced goods and services jumped 2%. Moreover, hourly wages added 3.3 per cent,
while productivity in