<H3>• U.S. Productivity and Costs - Q2 2014 </H3>

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Nonfarm business sector labor productivity increased at a 2.5 percent annual rate during the second quarter of 2014 as hours increased 2.7 percent and output increased 5.2 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the second quarter of 2013 to the second quarter of 2014, productivity increased 1.2 percent as output and hours worked rose 3.2 percent and 2.0 percent, respectively. Unit labor costs in nonfarm businesses increased 0.6 percent in the second quarter of 2014, as the 3.1 percent increase in hourly compensation was larger than the increase in productivity. Unit labor costs increased 1.9 percent over the last four quarters. See the complete report at this link: USDOL-BLS

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