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…