U.S. nonfarm unit productivity rose at a 6.6% annual rate in the second quarter, higher than a preliminary estimate of 6.4% growth, and following a 0.3% annual growth rate in the first quarter, the Bureau of Labor Statistics reported yesterday.

Unit labor cost growth decreased at a 5.9% rate in the second quarter, compared to the 5.8% decline in the preliminary estimate, and a 5.0% rate of decline in the first quarter reading.

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