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Economic Report: U.S. productivity picks up a bit in second quarter

Bloomberg
An employee fills out paperwork as vehicles move down the assembly line at the Subaru of Indiana Automotive Inc.

The productivity of U.S. workers accelerated a bit in the second quarter as economic growth accelerated, though it remains well below historical average.

Productivity — or how many goods and services U.S. workers produce per hour — rose at an annual rate of 0.9% in the second quarter from the prior three months, the Labor Department said Wednesday. This is up from a 0.1% rate in the first quarter.

Unit labor costs, a measure of wages and benefits for U.S. workers, grew at a 0.6% rate in the second quarter compared with the prior three months.

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