US productivity grew more than expected in the first three months of the year, but wages rose by less than forecast.Productivity, which measures how much a worker can produce in an hour, rose by 1.7%, the Labor Department reported.
Analysts had been expecting productivity to rise by a smaller 1% during the quarter.
Meanwhile, labour costs increased by just 0.6%, well below the 4% analysts had forecast and the 6.2% seen in the final quarter of 2006.
Read More
