U.S. productivity rises 7.3% as hours worked are nearly halved

U.S. PRODUCTIVITY rose at a 7.3% rate in the second quarter, the largest quarterly increase since 2009. Labor costs also jumped, rising 12.2%. / AP FILE PHOTO/KEITH SRAKOCIC
SILVER SPRING, Md. (AP) – United States productivity rose at a 7.3% rate in the second quarter as the number of hours worked fell by nearly half, the biggest drop-off since the government started tracking the data more than 70 years ago. The Labor Department said Friday that output decreased 38.9%, also the biggest decline…

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