India, June 5 -- Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.
The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
The much bigger than previously estimated decrease by productivity, a measure of output per hour, largely reflected a much bigger than previously estimated increase by hours worked.
The report said hours worked jumped by 1.3 percent in the first quarter compared to the previously reported 0.6 percent increase, while output edge...