Worker productivity grows

Worker productivity grows

Productivity rose 2.2% in April-May at U.S. companies, mainly because employers cut back on hiring.

Rising productivity can boost corporate profits. It can also slow job creation if it means companies are getting more from their current staff and don't need to add workers.

Still, there are limits to how much companies can squeeze from their staffs. When that happens, productivity slows and company typically must hire more workers to keep pace with demand.