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Figures - USA - U.S. Economy: Labor Costs Rise, Productivity Slows
}USA -Bloomberg -Sept. 7, 2005: -- U.S. labor costs rose by the most in almost five years and productivity growth slowed in the second quarter, suggesting the Federal Reserve will resist calls from Congress to stop raising interest rates... The cost to companies of employing workers was 4.2 percent higher in the second quarter than in the year-earlier period, the Labor Department said today. Productivity, a measure of how much an employee produces for every hour worked, rose at a revised 1.8 percent annual rate from April through June, the slowest in nine months, after a 3.2 percent increase... Today's productivity revision reflects the government's latest estimate on second-quarter gross domestic product, which was released on Aug. 30. The economy grew at a 3.3 percent annual pace from April through June, compared with the 3.4 percent estimated in July's report and down from 3.8 percent the first three months of the year...
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