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1st Quarter Productivity Revised Upward
American workers were more productive in the first quarter than was previously reported. U.S. non-farm productivity rose 1.9 percent, the Labor Department said, revising that data up from 1.6 percent. The previous quarter saw an increase of just 0.7 percent.
Retail Sales Up for Apparel, Discounters
Analysts had expected lackluster retail-sales performances in May because many store chains have reported excessive inventory and have had to discount merchandise. But Wal-Mart Stores, the world’s largest retailer, posted an increase of 2.1
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