Productivity in U.S. climbs 2.9%, fastest pace in 3 years

U.S. NONFARM business employee output per hour increased at a 2.9 percent annualized rate in the second quarter, the fastest increase since the first quarter of 2015. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
NEW YORK -¬†Productivity gains in the United States accelerated by more than expected to the fastest pace since 2015 while labor costs fell, amid an economic-growth pickup supported by tax cuts and federal spending, a Labor Department report showed Wednesday. Highlights of productivity (second quarter) Measure of nonfarm business employee output per hour increased at…

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