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US Worker Productivity Drops Again in 2nd Quarter

The productivity of American workers fell in the second quarter, continuing a 12-month decline that fuels concerns about corporate profits and the ability of businesses to maintain their recent brisk hiring pace. The U.S. Department of Labor said Tuesday productivity dropped at an annual rate of 0.5 percent in the three-month period through June. The past 12 months have seen 0.4 percent drop in productivity, as rising labor costs and the number of hours worked are outpacing...

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