US Worker Productivity Slumps At Worst Rate In 23 Years

Wednesday, May 4, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/04/2016

Despite a very modest beat of expectations US worker productivity fell for the 2nd quarter in a row (down 1.0% vs 1.3% QoQ), the two-quarter-average output per hour isdown 1.4% – the worst slump since 1993. Unit labor costs rose by a better than expected 4.1% (helped by a downwardly revised 2.7% rise in Q4), the highest since Q4 2014.

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