Wall Street Journal (02/05/15) Ben Leubsdorf
Employee productivity fell in the fourth quarter of 2014, the latest indication of weak gains that could constrain the economy’s long-term expansion. Nonfarm worker productivity dropped at a seasonally adjusted 1.8% annual rate during the fourth quarter of 2014, according to the U.S. Department of Labor. Productivity fell in the fourth quarter because output increased at a 3.2% pace but hours worked rose at a 5.1% rate, the biggest increase in hours since the fourth quarter of 1998. Economists polled by the Wall Street Journal had forecast productivity would be flat in the fourth quarter.