Productivity growth slowed in spring

August 8, 2008 6:24:49 AM PDT
The efficiency of America's workers grew in the spring at a slightly slower pace as companies sought to produce more with leaner work forces. 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.

Economists were expecting productivity to pick up slightly to a 2.7 percent pace in the spring.