Output rebounded, US second quarter productivity rebounded.

On August 7, Jin10 reported that U.S. labor productivity rebounded in the second quarter along with the economy, restoring the trend of efficiency improvement, which helps to curb wage-related inflationary pressures. Data released by the U.S. Bureau of Labor Statistics showed that productivity rose at an annual rate of 2.4%, compared to a revised decline of 1.8% in the first quarter. Unit labor costs increased by 1.6%. In addition to helping control labor costs, companies are also working to improve efficiency to help mitigate the impact of higher import tariffs on profit margins. The continued rise in productivity also helps alleviate some of the burdens on businesses caused by the slowdown in immigration.

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