Preliminary data released by the Labor Department on Tuesday showed labor productivity in the U.S. increased by much less than expected in the second quarter.The Labor Department said labor productivity jumped by 2.3 percent in the second quarter after soaring by a downwardly revised 4.3 percent in the first quarter.Economists had expected productivity to surge up by 3.5 percent compared to the 5....
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.