Just a nice way to start the day.
WASHINGTON - Productivity surged by the fastest rate in almost 6 years in the spring and labor costs dropped as businesses worked to hold down costs in the face of the worst recession to hit the country in the post World War II period.
The Labor Department said non-farm productivity rose at a 6.4 percent annual rate, the biggest gain since the third quarter of 2003, from a revised 0.3 percent gain in the first quarter. Productivity for the January-March quarter was previously reported as a 1.6 percent gain.
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