Economics
One Sign That U.S. Productivity Growth Is Poised to Shoot Higher
A tight labor market bodes well for productivity growth.
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On a quiet summer morning in markets, one data point testified to the U.S. economy's most enduring problem, while another gave reason to expect an improvement in this area in the years to come.
Productivity growth was negative for the third consecutive quarter, defying economists' expectations for a pick-up of 0.5 percent.