(2011), "US climbs … slowly", International Journal of Productivity and Performance Management, Vol. 60 No. 7. https://doi.org/10.1108/ijppm.2011.07960gaa.002
Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited
US climbs … slowly
Article Type: News From: International Journal of Productivity and Performance Management, Volume 60, Issue 7
The hourly wages of US workers adjusted for inflation fell by the largest amount in almost three years in the first quarter of 2011, according to government data.
The Labor Department reported that first-quarter productivity rose at a 1.6 per cent annual rate. Though certainly not spectacular this was above analysts’ expectation of a 1.5 per cent increase.
Although compensation per hour rose 2.6 per cent at an annualised rate, hourly wages adjusted for inflation fell by 2.5 per cent. That’s the biggest decline since the third quarter of 2008.