|
 Printer-Friendly Version
Archived News Release--Caution:
information may be out of date.
For more information call: 202-693-4657
Nonfarm Business Productivity rose at an annual rate of
1.3% in the second quarter, and at a very high average rate of 2.9% over the
past year. Productivity growth has averaged almost 2% over the past three
years, which is well above the trend for the past 25 years.
Because of our high rate of productivity growth, we
continue to enjoy a virtuous combination of high incomes, low unemployment and
low inflation. American workers are sharing in this prosperity, as real hourly
compensation of U.S. workers rose 1.5% in the second quarter and 2.2% over the
past year.
Archived News Release--Caution:
information may be out of date.
| 
