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May 04, 2007
U.S. Productivity Slips in Q1
U.S productivity slowed to a 1.7 percent growth rate in the first quarter of this year as employers cut workers’ hours to make up for slower economic growth.
This compares to a growth rate of 2.1 percent in the fourth quarter of last year.
While U.S. productivity is nowhere near the level it reached a decade ago, economists believe that the economy is going to continue in a pattern of modest expansion.
Posted by Blacks on May 4, 2007 02:16 PM
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