NFIB Weekly News

NFIB Weekly News Business Climate

US Productivity Rose 2.3% In Second Quarter (09/10/2019)

The AP (9/5, Wiseman) reported, “US productivity rose at a healthy pace in the second quarter but dropped at American factories, another sign of trouble for manufacturers.” The Labor Department “said Thursday that overall productivity...rose at a seasonally adjusted annual pace of 2.3% in the April-June period after rising 3.5% from January through March. The second-quarter figure was unchanged from an initial estimate last month.” Meanwhile, “manufacturing productivity fell 2.2% in the second quarter, the worst performance since a 4% drop in the third quarter of 2017.”