The Labor Department said Thursday that worker productivity rose at a 0.7 percent annual rate in the October-December quarter. That’s below a downwardly revised 1.9 percent in the previous quarter.
Labor costs rose 1.2 percent in the final three months of last year, as wages and salaries grew at a faster pace than productivity. Still, inflation-adjusted wages fell 1.2 percent in all of 2011, the steepest annual drop since 1989.
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