Productivity rises more than expected in 2Q - KWWL - Eastern Iowa Breaking News, Weather, Closings

Productivity rises more than expected in 2Q

Posted:

WASHINGTON (KWWL) - Productivity surged in the spring by the largest amount in almost six years while labor costs plunged at the fastest pace in nine years.

The Labor Department says productivity, the amount of output per hour of work, rose at an annual rate of 6.4 percent in the April-June quarter, while unit labor costs dropped 5.8 percent. Both results were greater than economists expected.

The aggressive cost-cutting helps explain how many companies exceeded earnings expectations last quarter amid a severe recession and falling sales.

Online News Director Nate Leding

  • NEWSNEWSMore>>

  • Strategist Steve Bannon leaving White House

    Strategist Steve Bannon leaving White House

    Friday, August 18 2017 1:21 PM EDT2017-08-18 17:21:07 GMT

    Bannon was a key adviser to President Donald Trump's general election campaign and has been a forceful but contentious presence in a divided White House.

    More >>

    Bannon was a key adviser to President Donald Trump's general election campaign and has been a forceful but contentious presence in a divided White House.

    More >>
  • Hawks(Team USA) improves to 2-0 at World University Games

    Hawks(Team USA) improves to 2-0 at World University Games

    Tuesday, August 22 2017 8:49 PM EDT2017-08-23 00:49:21 GMT

     USA Team's offense scored 13 runs off 14 hits to cruise to a 13-3, seven-inning, run-rule victory over Russia on Tuesday night at New Taipei City Xinzhuang Stadium. ...

    More >>

     USA Team's offense scored 13 runs off 14 hits to cruise to a 13-3, seven-inning, run-rule victory over Russia on Tuesday night at New Taipei City Xinzhuang Stadium. ...

    More >>
  • Hawks suspend Rugamba for season opener

    Hawks suspend Rugamba for season opener

    Tuesday, August 22 2017 8:42 PM EDT2017-08-23 00:42:21 GMT

    Iowa football defensive back Manny Rugamba will not see action in Iowa’s opening football game of the season due to a one game suspension.

    More >>

    Iowa football defensive back Manny Rugamba will not see action in Iowa’s opening football game of the season due to a one game suspension.

    More >>
Powered by Frankly