09/28/2022

U.S. Worker Productivity Rose in Spring at Best Pace Since 2015

U.S. worker productivity rose this spring at the best quarterly pace in more than three years, newly revised numbers confirmed, though growth from a year earlier was more subdued.

The productivity of nonfarm workers, measured as the output of goods and services for each hour on the job, increased at an annualized and seasonally adjusted rate of 2.9% in the second quarter from the prior three months, the Labor Department said Thursday. It was the best quarterly growth rate since the first three months of 2015.

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