Productivity rebounds while wage pressures ease
The government says productivity rebounded in the first three months of this year while wage pressures eased, both outcomes reflecting the country's deep recession.
Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased.The Labor Department reported Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 1.8 percent in the October-December quarter, down from a 6 percent performance in the July-September period.