(Reuters) - The Labor Department reported on Wednesday that non-farm productivity, a measure of how much any given worker can produce in an hour, advanced at a 1.0 percent annualized pace in the quarter, driving up unit labor costs by 1.8 percent.
Economists were expecting the Labor Department report to show weaker productivity and higher labor costs after the government reported gross domestic product growth of just 0.6 percent during the first quarter.
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Economists were expecting the Labor Department report to show weaker productivity and higher labor costs after the government reported gross domestic product growth of just 0.6 percent during the first quarter.
Read more at Reuters.com Hot Stocks News
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