Worker Productivity Beats Expectations, Pay Is Constant

Labor Department report shows worker output was up in the second quarter, but wage increases were sluggish

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Yahoo Finance

The most recent Labor Department report issued Wednesday reveals that despite better-than-expected business output the U.S. economy is still growing very slowly. The lack of hiring and wage increases by squeamish businesses still stinging from the 2007 Great Recession has left the recovery efforts up to the Federal Reserve Board. The agency is scheduled to meet again on September 12.

U.S. markets didn’t seem to flinch over the productivity growth. Experts surmise that traders being are cautious and trying not to get too excited over productivity when the global markets are still struggling.

Read more at Yahoo Finance…