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Labor costs per unit unchanged, the Bureau of Labor Statistics says
WASHINGTON, Sept. 5 () -- Productivity in non-farm businesses rose 2.3 percent at an annual rate in the in the second quarter, the U.S. Bureau of Labor Statistics said Thursday.In a report issuing revised second quarter data,[url=http://www.chronotime.net/]cheap christian louboutin shoes[/url], the bureau said non-farm output rose 3.7 percent on a seasonally adjusted annual basis, while hours worked rose 1.4 percent.As gains in productivity outpaced gains in hours worked, productivity increased.Factoring in costs of labor, the bureau said hourly compensation also rose 2.3 percent in the quarter, which means it matched the rate of productivity. Hence, the labor cost per unit of production was unchanged in the quarter, the bureau said.Over the past four quarters, the bureau said,[url=http://www.fbrecs.com/]Jimmy Choo handbags[/url], labor costs per unit have risen 1.5 percent.The bureau said manufacturing productivity rose 1.9 percent in the second quarter on a seasonally adjusted annual basis, as output fell 0.6 percent and hours worked fell 2.4 percent. Productivity is defined as output per hour.