Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  September 05, 2012 16:06:06

U.S. - in 2Q labor productivity grew more than expected


According to revised data, labor productivity in the U.S. in Q2 of this year on an hourly basis grew by 2.2% in annual terms, compared to a decline of 0.5% in 1Q. In preliminary estimates for 2Q originally featured an increase of 1.6%.
Market productivity growth estimated at 1.8% for the overall estimates range from +1.6 to +2.4%.
Total production increased by 2.4% compared to a growth of 2.7% in 1Q.

Unit staff costs rose by 1.5%, which was less in the preliminary estimates. The market in this case estimated increase of 1.4%. Data for Q1 was revised to an increase of 6.4% compared to the originally reported 5.6%.
Number of hours worked in 2Q rose by 0.1%, the smallest increase in the last 3 years.

In the manufacturing sector, productivity grew by 0.1%.
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