The Labor Department released a report on Thursday showing U.S. labor productivity tumbled by much more than expected in the first quarter of 2023.The report said labor productivity plunged by 2.7 percent in the first quarter after jumping by a revised 1.6 percent in the fourth quarter.Economists had expected labor productivity to slump by 1.8 percent compared to the 1.7 percent surge that had bee...
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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.