U.S. companies got more output from their workers this spring than initially thought. Productivity rose at a modest 2.2 percent annual rate in the April-June quarter, largely because employers cut back sharply on hiring.
U.S. companies got more output from their workers this spring than initially thought. Productivity rose at a modest 2.2 percent annual rate in the April-June quarter, largely because employers cut back sharply on hiring.
Most economists expect productivity will slow later this year, a trend that could boost hiring.
The Labor Department said Wednesday that productivity in the second quarter was better than its initial estimate of a 1.6 percent gain.
Disappointing sales for Boeing newest 747 airliner could force the company to cut back the production pace on its Everett assembly line next year, the company said in a newly released filing with the federal Securities and Exchange Commission.
Boeing raised the production rate of its best-selling jetliner, the single-aisle 737, to 38 a month today at its Renton plant.
U.S. worker productivity grew a modest amount from January through March after having declined in the previous quarter. Weak productivity growth could boost hiring if consumers and businesses spend more.
A children's product maker is recalling about 165,000 baby recliners linked to at least five infant deaths and dozens of reports of children falling or hanging over the side of the seats.
More than 5,000 products, including clothing, toys and bedding, contain toxic chemicals that could be dangerous for children's health, yet stores still stock them and consumers know little about their content, an advocacy group reported this week.
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