Wall Street Journal (05/06/15) Jeffrey Sparshott; Josh Mitchell
Productivity declined a 1.9% seasonally adjusted annual rate in the first quarter, according to the U.S. Department of Labor. Economists polled by the Wall Street Journal had forecast a 1.8% decline from the fourth quarter of 2014. Output fell at a 0.2% pace, and hours worked increased at a 1.7% rate. Productivity data can be volatile and often are substantially revised. Still, productivity has declined for two consecutive quarters, the first time that has occurred since 2006.
Meanwhile, unit labor costs rose at a 5.0% annual rate in the first quarter. Economists had forecast a 4.3% increase.
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in one place. Stop by CareerBuilder’s booth next week at Staffing World to learn more—Booth 813 in the expo hall.