Labor productivity and costs

FILE - In this March 11, 2019 file photo, Gary Jones, president of the United Auto Workers union addresses delegates to the union's bargaining convention in Detroit. In recent years, Detroit automakers have been at relative peace with the UAW union because times have been good and profit-sharing checks have been fat. That all could change this week when talks open Monday, July 15 on new four-year contracts with the union representing 142,000 workers across the nation. Auto companies want to cut labor costs and end a gap with those at foreign-owned factories in the U.S. At bargaining convention in March, Jones told delegates that the union is raising strike pay and said the union would walk out if necessary. (AP Photo/Carlos Osorio, File)
July 15, 2019 - 9:14 am
DETROIT (AP) — Contract talks between the United Auto Workers union and Detroit's three automakers are kicking off with the union taking a far less conciliatory stance than past years. Union President Gary Jones said Monday that the companies have made record profits in recent years and members...
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FILE - In this May 1, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. Powell says the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. (AP Photo/Patrick Semansky, File)
May 09, 2019 - 9:03 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class...
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FILE- In this Jan. 28, 2019, file photo a container ship is unloaded at the Port of Oakland in Oakland, Calif. On Thursday, May 2, the Labor Department issues revised data on productivity in the first quarter. (AP Photo/Ben Margot, File)
May 02, 2019 - 5:59 am
WASHINGTON (AP) — U.S. productivity grew at a solid 3.6% rate in the first three months of this year, the strongest quarterly gain in more than four years and a hopeful sign that a long stretch of weak productivity gains may be coming to an end. The first quarter increase in productivity was more...
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FILE- In this Jan. 4, 2019, file work continues on a plan of new homes in Franklin Park, Pa. On Thursday, March 7, the Labor Department issues revised data on productivity in the fourth quarter. (AP Photo/Keith Srakocic, File)
March 07, 2019 - 5:38 am
WASHINGTON (AP) — U.S. productivity grew at a rate of 1.9 percent in the fourth quarter, a slight improvement over the third quarter. Labor costs rose 2 percent, the strongest gain since the beginning of 2018. The Labor Department says the result from the October-December period was slightly better...
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December 24, 2018 - 2:29 pm
NEW YORK (AP) — Many small businesses will see their labor costs increase in 2019. Seventeen states are raising their minimum wages Jan. 1, and a number of others will follow suit later in the year. Some of the increases were scheduled by legislation passed in the last few years. Others are in...
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FILE- In this June 15, 2018 photo, winter wheat is harvested in a field farmed by Dalton and Carson North near McCracken, Kan. On Thursday, Aug. 6, the Labor Department issues revised data on productivity in the second quarter. (AP Photo/Charlie Riedel, File)
September 06, 2018 - 5:37 am
WASHINGTON (AP) — The Labor Department on Thursday affirmed last month's report that U.S. productivity increased at an annual rate of 2.9 percent in the second quarter. The government reported few revisions to the productivity figures released in August. The jump in productivity followed a tepid 0...
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FILE- In this Jan. 30, 2018, file photo, tractor-trailers move cargo out of the Port of Savannah in Savannah, Ga. U.S. productivity grew at an annual rate of 2.9 percent in the second quarter, the fastest pace in more than three years, while labor costs actually fell. On Wednesday, Aug. 15, The Labor Department says the April-June increase in productivity followed a much weaker 0.3 percent rate of gain in the first quarter. (AP Photo/Stephen B. Morton, File)
August 15, 2018 - 5:56 am
WASHINGTON (AP) — U.S. productivity grew at an annual rate of 2.9 percent in the second quarter, the fastest pace in more than three years, while labor costs actually fell. The April-June increase in productivity followed a much weaker 0.3 percent rate of gain in the first quarter, the Labor...
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