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 High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE Gold Rallies as Fed's Powell Hints at Inflation Progress READ MORE Why This Gold Bull Market Could Be Very Different READ MORE China's $170 Billion Gold Accumulation Stirs Taiwan Conflict Fears READ MORE Hyperinflation to Hope: Zimbabwe Launches New Gold-Backed ZiG Currency READ MORE Add a Comment Cancel replyYour email address will not be published.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