Skip to content Skip to sidebar Skip to footer

Productivity rises rapidly again in good sign for U.S. economy

Last Updated: Feb. 1, 2024 at 9:30 a.m. ET

First Published: Feb. 1, 2024 at 8:42 a.m. ET

Developing story. Check back for updates.

The numbers: The productivity of U.S. businesses and their workers rose in the fourth quarter at 2.7% pace compared with a year earlier, possibly a sign the economy could grow faster than expected even as inflation slows.

Productivity advanced 3.3% in the fourth quarter, the government said, after…

Developing story. Check back for updates.

The numbers: The productivity of U.S. businesses and their workers rose in the fourth quarter at 2.7% pace compared with a year earlier, possibly a sign the economy could grow faster than expected even as inflation slows.

Productivity advanced 3.3% in the fourth quarter, the government said, after a frothy 4.9% surge in the third quarter.

The recent improvement…

Read the full article…