Quantcast
Get breaking news alerts via email

Click here to manage your alerts
U.S. productivity slows in fourth quarter
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • U.S. productivity grew at an even slower annual rate than previously thought in the final three months of last year.

Economists are hoping productivity growth will revive in 2014, reflecting a stronger economy.

The Labor Department says productivity grew at an annual rate of 1.8 percent in the October-December quarter, a slowdown from 3.5 percent productivity growth in the third quarter.

The new estimate was lower than the 3.2 percent gain the government had previously reported. Unit labor costs dipped 0.1 percent, a smaller drop than the 1.6 percent drop previously estimated.

For the year, productivity increased a tiny 0.5 percent, continuing a weak trend seen over the past three years. Analysts are forecasting a rebound in productivity this year, helped by stronger economic growth.

Article Tools

 Print Friendly
Photos
 
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.