Worker Pro­duc­tiv­ity Sank in 4th Quar­ter

The Wall Street Journal Europe - - U.S. News - — Ben Leub­s­dorf

The U.S. econ­omy ex­pe­ri­enced one of its worst pro­duc­tiv­ity de­clines in more than two decades at the end of last year, ex­tend­ing a slug­gish trend that threat­ens to con­strain worker pay and eco­nomic growth.

The pro­duc­tiv­ity of non­farm work­ers, mea­sured as out­put per hour worked, de­creased at a 2.2% sea­son­ally ad­justed an­nual rate in the fourth quar­ter, the La­bor Depart­ment said Thurs­day. That was an upgrade from the agency’s ini­tial es­ti­mate last month that fourth-quar­ter pro­duc­tiv­ity de­clined at a 3% an­nual rate.

Newspapers in English

Newspapers from Belgium

© PressReader. All rights reserved.