The Bureau of Labor Statistics provides in its productivity and costs report that in the second quarter of 2012, labor productivity was revised to a 2.2% seasonally-adjusted annual rate of gain while unit labor costs were revised to a 1.5% SAAR of gain. These new figures translate to year over year increases of 1.2% and 0.9%, respectively.

Tags: Productivity and Costs, U.S. Bureau of Labor Statistics