financetom
Economy
financetom
/
Economy
/
US second-quarter worker productivity revised sharply higher
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US second-quarter worker productivity revised sharply higher
Sep 4, 2025 6:02 AM

WASHINGTON (Reuters) -U.S. worker productivity grew faster than initially thought in the second quarter, curbing the rise in labor costs.

Nonfarm productivity, which measures hourly output per worker, increased at a 3.3% annualized rate last quarter, the Labor Department's Bureau of Labor Statistics said on Thursday.

That figure was revised up from the previously reported 2.4% pace of increase. Economists polled by Reuters had forecast productivity growth would be upgraded to a 2.7% rate.

Productivity decreased at a 1.8% rate in the first quarter. It grew at a 1.5% rate from a year ago, revised up from the 1.3% pace estimated last month. Productivity could get a boost from a boom in artificial intelligence investment.

Unit labor costs - the price of labor per single unit of output - increased at a 1.0% rate last quarter. They were revised down from the previously reported 1.6% growth pace. Labor costs increased at a 2.5% rate from a year ago, down from the previously reported 2.6% pace.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US manufacturing steady in September; prices paid measure lowest in nine months
US manufacturing steady in September; prices paid measure lowest in nine months
Oct 2, 2024
WASHINGTON(Reuters) - U.S. manufacturing held steady at weaker levels in September, but new orders improved and prices paid for inputs declined to a nine-month low, which together with falling interest rates bode well for a rebound in activity in the coming months. The Institute for Supply Management (ISM) said on Tuesday its manufacturing PMI was unchanged at 47.2 last month....
US manufacturing steady in September; prices paid measure lowest in nine months
US manufacturing steady in September; prices paid measure lowest in nine months
Oct 2, 2024
WASHINGTON(Reuters) - U.S. manufacturing held steady at weaker levels in September, but new orders improved and prices paid for inputs declined to a nine-month low, which together with falling interest rates bode well for a rebound in activity in the coming months. The Institute for Supply Management (ISM) said on Tuesday its manufacturing PMI was unchanged at 47.2 last month....
US Dollar Rises Early Tuesday Ahead of Busy Data Calendar, Fed Appearances
US Dollar Rises Early Tuesday Ahead of Busy Data Calendar, Fed Appearances
Oct 2, 2024
07:52 AM EDT, 10/01/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of a busy day of economic releases, starting with weekly Redbook same store sales at 8:55 am ET. The S&P Global manufacturing index for September is due for release at 9:45 am ET, followed by the Institute for Supply Management's manufacturing...
In Nevada, where hospitality rules, tipping is not the issue
In Nevada, where hospitality rules, tipping is not the issue
Oct 2, 2024
LAS VEGAS/RENO, Nevada (Reuters) - Two decades into her work as a unionized bartender in Reno, Nevada, Kristie Strejc has the comfort of job stability, her pick of the best shifts, and, unlike many in the hospitality industry, enough income that she'd actually benefit from plans floated by both U.S. presidential candidates to exempt tips from federal income tax. But...
Copyright 2023-2025 - www.financetom.com All Rights Reserved