Productivity is our one trump card against inflation.
WASHINGTON (AP) -- The productivity of American workers rebounded at a rapid clip at the start of this year and wages posted a solid gain as well, the government reported Thursday.
The Labor Department said that productivity, the key factor in rising living standards, rose at an annual rate of 3.7 percent in the January-March quarter, better than the 3.2 percent increase initially estimated a month ago. Salaries and benefits per unit of output rose by 1.6 percent after having fallen by 0.6 percent in the fourth quarter.
Thursday, June 01, 2006
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