Productivity Up, But Inflation Still Looms

Escalating cost of labor helps drag down growing economy

By Heather McPherson, Newser User

Posted Aug 7, 2007 12:54 PM CDT

(Newser) – US productivity increased last quarter, but analysts are still worried about the economy’s ability to grow while keeping inflation at bay. Nonfarm business productivity rose by 1.8%, beating the first quarter’s rate of 0.7%, but the government was forced to lower... Read full story »

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Productivity Up, But Inflation Still Looms

Escalating cost of labor helps drag down growing economy

inflation • Ben Bernanke • economic growth • Federal Reserve • labor • US productivity • labor costs • interest rate

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