Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
5/3/2012 8:50:00 AM Write a Letter to the Editor Write a letter to the Editor

First-Quarter Productivity Declines

U.S. workers’ productivity declined at a 0.5% annual rate in the first quarter, the Labor Department said Thursday.

The decline followed a 1.2% increase in the fourth quarter. For all of 2011, productivity rose at a 0.4% annual rate.

Productivity is a measure of how much an employee produces for every hour of work.

Economists had forecast a 0.6% decline for the first quarter, Bloomberg reported. Expenses per worker rose at a 2% rate, less than estimated.

When worker efficiency improves at a slower pace and labor becomes more expensive, companies may raise prices in order to guard their profits, contributing to more rapid inflation.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement