By Glenn Somerville 1 hour, 3 minutes ago WASHINGTON (Reuters) - U.S. business productivity rose solidly in the second quarter as companies cut jobs to cope with rising costs, helping curb inflation pressures while also keeping a tight grip on stocks of unsold goods.A Labor Department report on Friday showed worker efficiency, or output per employee, gained at a 2.2 percent annual rate in the second quarter.
While slower than the first quarter's 2.6 percent gain, analysts said it was strong enough that Federal Reserve policy-makers may be able to keep interest rates low into 2009 to bolster growth.
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