Economists were expecting productivity to pick up slightly to a 2.7 percent pace in the spring.
Productivity growth slowed in spring
WASHINGTON (AP) - August 8, 2008
The Labor Department reported Friday that productivity - the
amount an employee produces for every hour on the job - grew at an
annual rate of 2.2 percent during the April-to-June quarter. That
was down from a 2.6 percent growth rate logged in the first three
months of this year.