Labor productivity in the US increased by 2.9% in the second quarter


Labor productivity in the US in the second quarter increased by 2.9%, which was the maximum increase since the first quarter of 2015, the final data of the country's Ministry of Labor showed. Experts had expected the growth rate of 3%. In the second quarter, labor costs fell by 1%, while analysts had predicted a decrease of 0.9%. In the processing industry, labor productivity increased by 0.9%, in the production of goods and services - by 5%. hourly wage for US citizens adjusted for inflation rose by 1.9% after rising 3.7% in the previous quarter.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong