US labour productivity rebounds in Q2

US labour productivity rebounded slightly in the second quarter of this year after falling over the previous six months.

The non-farm business sector labour productivity increased at a 1.3 percent annual rate during April-June, following a decline of 1.1 percent in the first quarter, Xinhua cited the labour department as saying on Tuesday.

On a year-on-year basis, the productivity increased 0.3 percent, reflecting moderate economic growth in the quarter.

The increase in productivity reflected an increase of 2.8 percent in output and an increase of 1.5 percent in hours worked in that period.

The latest data from the US commerce department showed US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.