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Labor productivity in the United States, which does not include agriculture, increased by 2.2% in the third quarter. The US Department of Labor reported that the growth rate slowed compared with a rise of 3% in the previous quarter. Following the results of these two quarters, the growth rates of labor productivity became the highest since 2015. In the third quarter, the increase in labor costs by 1.2% was recorded in the country, while a quarter earlier, its decline was 1%. Goods and services for the quarter were produced by 4.1% more than in the second quarter. It was also noted an increase in the number of hours worked by 1.8% and an increase in hourly wages by 3.5%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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