Second Quarter Sees Unexpected Boost in Worker Efficiency, Moderating Wage Growth US worker productivity increased more than expected in the second quarter, rising at a 2.3% annualized rate, while unit labor costs grew at a slower 0.9% rate. This improvement in productivity, coupled with moderated labor cost growth, suggests diminishing inflationary pressures. The data provides further evidence for the Federal Reserve that the risk of inflation reacceleration is decreasing, potentially supporting the case for interest rate cuts in the near future. These trends indicate that companies are successfully managing elevated operating costs and maintaining economic growth despite high borrowing costs. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Turbulence Hits Obscure Real Estate Investment Sector READ MORE Nasdaq and S&P 500 Continue to Climb, Celebrating Stellar February READ MORE Gold Breaks Historic $2,500 Ceiling as Fed Rate Cut Looms READ MORE Record-Breaking July for CME Group: 24.8 Million Contracts Traded Daily READ MORE Gold, Silver & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment