Productivity Gain Revised Upward; Climb in the Final 3 Months of 2004 to 2.1% Was Sharper Than First Thought

Summary

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WASHINGTON (AP) - The productivity of American workers rose at an annual rate of 2.1 percent in the final three months of last year, sharply higher than originally believed.

The Labor Department had initially reported a month ago that productivity - the amount of output per hour of work - had risen by just 0.8 percent in the October-December quarter, a figure that had jolted financial markets because it raised worries that inflation pressures could be mounting.

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Productivity Gain Revised Upward; Climb in the Final 3 Months of 2004 to 2.1% Was Sharper Than First Thought

The better-than-expected 2.1 percent revised estimate for productivity left this indicator for all of 2004 rising by 4 percent, the department said Thursday, capping the strongest three- y...

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