Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by slightly less than previously estimated in the first quarter of 2022.The report showed labor productivity plunged by 7.3 percent compared to the previously reported 7.5 percent nosedive. Economists had expected the slump in productivity to be unrevised.The Labor Department said the revised decrease ...
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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.