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Worker productivity ticks up in second quarter

U.S. companies got slightly more out of their workers this spring after scaling back on hiring. The modest 1.6 percent annualized gain in productivity from April through June signals employers may need to hire more if demand picks up.

By Chrisopher S. Rugaber | Updated on August 08, 2012

WASHINGTON (AP) — U.S. companies got slightly more out of their workers this spring after scaling back on hiring. The modest 1.6 percent annualized gain in productivity from April through June signals employers may need to hire more if demand picks up.

The Labor Department said Wednesday that the increase followed a 0.5 percent decline in the January-March quarter, less than first estimated.

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