Productivity rebounds, but trend remains weak
In Q2, economy grows at 2.3% annual pace; longer-term Treasuries trim price gains after the release of data
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US NON-FARM productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated.
Productivity increased at a 1.3 per cent annual rate in the April-June period, the Labor Department said on Tuesday. But productivity, which measures hourly output per worker, rose only 0.3 per cent from a year ago.
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