Productivity increases in U.S.; jobless claims decrease

05/7/2010 | Bloomberg

Claims for unemployment benefits declined, while the productivity of U.S. workers increased more than expected in the first quarter. Productivity increased at an annual rate of 3.6%, compared with a 2.6% forecast from economists polled by Bloomberg News. The number of workers applying for unemployment benefits last week declined 7,000 to 444,000.

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