Reported about 13 hours ago
US worker productivity decreased by 0.8% in the first quarter, marking its first decline in nearly three years and resulting in increased labor costs. This drop follows a 1.7% growth in the previous quarter and is attributed to rising costs from tariffs amid an influx of imports. The economy contracted by 0.3%, prompting concerns of higher inflation and unemployment, while the Federal Reserve maintains its interest rate target.
Source: YAHOO