US productivity rise aids inflation efforts

Workers' productivity in the United States increased by 1.4% in the second quarter, unchanged from previous measurements, helping to keep labor costs under control. Additionally, productivity rose by 2.2% year-over-year, with real output in the non-farm sector growing by 1.7% and only a slight increase in hours worked of 0.3%. Experts support the view that rapid adoption of artificial intelligence could boost productivity and help curb inflation by reducing labor costs, as unit labor costs decreased by 1.2% in the second quarter. These data indicate that productivity growth is occurring amid a slowdown in overall economic growth, with ongoing potential inflationary pressures on companies.

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