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US Q2 productivity revised up 2.5% qtr/qtr
Better-than-expected (Il Sole 24 Ore Radiocor) - Washington, 05 Sep - US non-farm productivity in the second quarter of 2024 from the previous three months was revised to up 2.5% from up 2.3%, according to a reading from the US Labor Department.
Expectations were for a rise of 2.4%.
Output increased 3.5% while hours worked increased 1.0%, it said.
Compared to a year ago, productivity was up 2.7%.
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(RADIOCOR) 05-09-24 14:45:51 (0388) 5 NNNN