Worker productivity unexpectedly rises

Say one thing about the nation's pronounced recession: worker productivity has not disappeared.

U.S. Q1 worker productivity unexpectedly rose at a 0.3 percent annualized rate and unit labor costs rose at a 3.3 percent rate, the U.S. Labor Department announced Thursday, as companies continued to find ways to increase per employee output amid difficult business conditions. Further, on a year-over-year basis, productivity rose 1.8 percent.

Economists surveyed by Bloomberg News had expected productivity to be flat in Q1 and unit labor costs to rise 3.4 percent.


The Latest from our Partners