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Tuesday, September 30, 2014, 1:18 p.m.
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U.S. productivity recovers after steep 1st quarter fall

By The Associated Press

This article was published August 8, 2014 at 11:01 a.m.

WASHINGTON — U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures.

The Labor Department said Friday that that productivity increased 2.5 percent at a seasonally adjusted annual rate, after plummeting 4.5 percent in the first quarter. That was the steepest drop in 31 years, and reflected a sharp 2.1 percent contraction in the economy.

Economists blamed most of that shrinkage on temporary factors, such as harsh weather and a cutback in stockpiling by businesses.

Read Saturday’s Arkansas Democrat-Gazette for more on this story.

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