Productivity improves while wage pressures moderate

The Labor Department reported Wednesday that productivity rose at an annual rate of 2.6 percent in the January-March period, faster than the government's initial estimate of 2.2 percent made a month ago.
Wage pressures, meanwhile, moderated from the final three months of last year with unit labor costs rising at an annual rate of 2.2 percent in the first quarter. That was a marked slowdown from a 4.7 percent surge in labor costs in the final three months of last year. (more)