In partnership with

US productivity flat in first quarter

Jun 05 2017 16:41

Washington - The productivity of American workers was flat in the first three months of this year, while labour costs rose at the fastest pace since the second quarter of last year.

The Labour Department said productivity growth was zero in the January-March quarter after rising at a 1.8% annual rate in the fourth quarter. It was the weakest performance since productivity had fallen at a 0.1% rate in the second quarter of last year but an improvement from an initial reading of a 0.6% decline.

Labor costs rose at a 2.2% rate after having fallen at a 4.6% rate in the fourth quarter. It was the fastest gain since April-June of last year.

Productivity growth has been weak through most of the current recovery.

Read Fin24's top stories trending on Twitter:

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

us economy


Company Snapshot


Five of SA's top financial brains, including SARB governor Lesetja Kganyago share their best savings habits.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

I am not in a position to save because:

Previous results · Suggest a vote