Economy

U.S. productivity falls at 0.9% rate in first quarter

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A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, U.S., on Wednesday, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island, Governor Charlie Baker said.

Adam Glanzman | Bloomberg via Getty Images

U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace.

The Labor Department reported Thursday that the first-quarter decline in productivity was smaller than the initial estimate a month ago of a 2.5% drop. Labor costs…



Source cnbc.com

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