U.S. labor costs post biggest drop since 1947

The increase in U.S. productivity in the first quarter was a bit lower than initially thought and hourly compensation for American workers posted the biggest decline since at least 1947, according to newly revised government figures. Productivity rose 0.5% in the January-to-March period, down from a…

Read the original post: 
U.S. labor costs post biggest drop since 1947