U.S. worker productivity strong in fourth quarter; weekly unemployment claims rise

U.S. worker productivity grew faster than expected in the fourth quarter, keeping unit labour costs contained and giving the Federal Reserve another boost in the fight against inflation. Nonfarm productivity, which measures hourly output per worker, increased at a 3.2 per cent annualized rate last…

#federalreserve #nonfarm #jeromepowell #labordepartment #unitedparcelservice