Reflecting a spike in output, the Labor Department released a report on Thursday showing U.S. labor productivity rebounded by much more than anticipated in the fourth quarter of 2021.The report said labor productivity soared by 6.6 percent in the fourth quarter after tumbling by a revised 5.0 percent in the third quarter.Economists had expected productivity to jump by 3.2 percent compared to the 5...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.