Worker Productivity Slows and Labor Costs Rise
The efficiency of American workers rose in 2005 at the slowest pace since the recession year of 2001 while a key gauge of wage pressures rose at the fastest pace in five years, the government reported Thursday. The Labor Department said productivity rose by 2.7 percent last year while labor costs rose by 2.4 percent, the biggest jump since a 4.2 percent increase in 2000.
See "Worker Productivity Slows and Labor Costs Rise", Associated Press, The New York Times, February 1, 2006