A report released by the Labor Department on Thursday showed U.S. labor productivity plunged by less than initially estimated in the fourth quarter of 2020.The Labor Department said labor productivity tumbled by 4.2 percent in the fourth quarter compared to the previously reported 4.8 percent nosedive. Economists had expected the slump in productivity to be revised to 4.7 percent.The revision to p...
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.