Productivity Rises 3.2 Percent, Real Wages Jump

Productivity Rises 3.2 Percent, Real Wages Jump

by -
0

Calculator_casio.jpgProductivity of US workers rose 2.8 percent in the fourth quarter of 2008, and overall gained 2.8 percent for the year.

Hourly wages rose 5.0 percent in the fourth quarter of 2008 following a 4.2 percent increase in the third quarter. When the steep drop in consumer prices was factored in, real hourly compensation jumped 15.6 percent during the fourth quarter. This was the largest increase in real hourly compensation since the beginning of the series in the second quarter of 1947.  (Read the details at HRBHR.com)

Thanks to GNN-i member, Graeme Thickins for the heads up!

COMMENTS