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US productivity in surprise rise

04-Sep-2008
Story Timeline:  91 days

Workers' productivity was twice that expected in the second quarter US productivity rose unexpectedly in the second quarter, while labour costs fell, providing a bolster to the economic outlook, figures show. Productivity - the amount of output for every hour worked - climbed to an annual rate of 4.3% in the three months to June, the Commerce Department said. Simultaneously, labour costs dropped to 0.5% on a... [read full story]                    

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