Q2 Productivity Jumps as Labor Costs Decline
Some major insight explaining how second quarter earnings performed so well was released this morning. A Labor Department report said productivity rose by its most rapid rate in six years during the second quarter, while labor costs were slashed by the largest cut in nine years, owing to mass layoffs and little pressure on wages.
Productivity per labor hour in the nonfarm business sector advanced at a rate of 6.4% between April and June â€
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