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 China's Appetite Paves the Way for Historic Price Rally READ MORE Macro Funds Bet Big on Gold as Rate Cut Expectations Soar READ MORE Chinese Shops Disappear with Customers' Gold READ MORE Powell Signals Potential Rate Cuts Pending Inflation Control READ MORE Stocks Tumble Following Latest Jobs Report READ MORE Add a Comment Cancel replyYour email address will not be published.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