LoginThe American worker has struggled over the past several years, with many having to work longer hours for fewer benefits and others seeing their jobs shipped overseas. However, there are signs that conditions are starting to get better.
The Associated Press reports, citing government data, that productivity during April to June increased by 2.2 percent compared to the same time period last year. The numbers were also seen as an improvement over the first quarter of the year, when the pace fell by 0.5 percent from the period prior.
"Companies did a good job on productivity during the crisis, and they will continue to try to increase productivity to boost profits, but it’s not so easy to do that from here,” Harm Bandholz, chief economist at UniCredit Group in New York, told Bloomberg. “Investment spending in the U.S. has been lackluster, and it’s certainly not getting better.
While the figures are encouraging, millions are still unemployed. According to the U.S. Bureau of Labor Statistics, the national unemployment rate stands at 8.3 percent, a figure which doesn't account for those who've stopped looking for work
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