Friday, August 8, 2008

Productivity and Costs - Q2

Per the BLS: The seasonally adjusted annual rates of productivity change in the second quarter were:

*2.3 percent in the business sector and
*2.2 percent in the nonfarm business sector

Productivity gains in both sectors reflected output increases and small declines in hours worked.

Below is a chart breaking the numbers down further in YoY terms...