U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly.
Productivity increased at an annual rate of 5.4% in the first quarter, recovering from a 3.8% rate of decline in the fourth quarter of last year, the Labor Department reported Thursday. Labor costs fell at a 0.3% rate in the first quarter following a 5.6% jump in the fourth. Continue reading.
