Associated Press (09/05/12)
The U.S. Department of Labor reported today that U.S. workers were more productive in the second quarter than initially thought and inflation remained tame. Productivity of the U.S. nonfarm business sector rose at a 2.2% annual rate in the second quarter, stronger than the 1.6% pace estimated a month ago. Output was revised up to a 2.4% increase from 2.0%. The increase in hours worked was revised down to 0.1% from 0.4%. Unit labor costs—a gauge of potential inflationary pressures—were revised lower to a 1.5% annualized gain from a 1.7% increase.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.