Productivity growth slows to 2.8 percent gain
WASHINGTON (AP) -- Productivity grew at a slower rate in the first three months of the year than previously thought, a sign that businesses may be reaching the limits on how much they can squeeze out of leaner staffs.
The Labor Department says productivity advanced at an annual rate of 2.8 percent in the January-March period. That is the slowest pace in a year and lower than the 3.6 percent rate the government initially reported last month.
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