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US worker productivity up 1.6 pct. in 2nd quarter

U.S. companies got slightly more out of their workers this spring after scaling back on hiring. The modest 1.6 percent annualized gain in productivity from April through June signals employers may need to hire more if demand picks up.

 

Productivity at 6-year high, jobless claims fall

U.S. business productivity in the third quarter grew at the fastest pace in six years and new claims for jobless aid fell to a 10-month low last week, indicating the decline in labor market may be hitting bottom.

 

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