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ID: 13270
Title: Labor cost growth lower than expected (Reuters)
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A worker looks for defects in microprocessors at a manufacturing plant in East Fishkill, New York on March 24, 2004. The productivity of U.S. workers rose by a weaker-than-expected 0.2 percent in the third quarter, while unit labor costs grew by less than initially thought in encouraging news for the Federal Reserve on wage pressures, government data showed on Tuesday. (Chip East/Reuters)Reuters - U.S. worker productivity rose by a weaker-than-expected 0.2 percent in the third quarter, but unit labor costs grew less than initially thought in a sign of moderating inflation pressure, government data showed on Tuesday.


Category: Business/US Economy/
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Date Added: December 05, 2006 03:01:37 PM
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