Blog
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€
About the Author
devteam
Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.
See all blogsLatest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...
Comments
Leave a Comment