The falling productivity coupled with a slight increase in hourly compensation led to labor costs rising 4.2 percent in the first quarter.
In an abysmal showing, only about one-quarter of U.S. high school seniors performed solidly in math in a major assessment known as the nation's report card.
It is estimated that each 1 percentage point drop in China's economic growth causes as much damage to the U.S. economy as a $20-a-barrel increase in oil prices.
The U.S. trade deficit narrowed in March as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods.
China's manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world's No. 2 economy is bottoming out.
Orders to U.S. factories advanced strongly for a second month in March while demand in a key category that signals business investment plans increased by the largest amount in more than a year.
That the PMI settled down a bit from March, only demonstrates that the rate of growth is continuing at a steady pace, overall.
Chinese manufacturing grew weakly in April, suggesting a slowdown in the world's second-largest economy is stabilizing, an industry group said Thursday.
Former General Motors CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the company said was due to the timing of stock awards.
The International Monetary Fund raised its economic growth forecast for China on Monday but warned that its financial system faces risks due to the rapid expansion of debt.
U.S. consumer confidence surged in April, approaching the highest level since the recession began in 2007 as Americans reported greater optimism about their financial situation and the economy.
Positive numbers continue to indicate that manufacturing is shaking off its winter blues and that this could be a good year.
The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.
General Motors says first-quarter profit fell 86 percent as a series of recalls dragged down its earnings.
A recent survey from Entrada Group posits a rather interesting conclusion: the U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second, and China falling far behind.
Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.
Both hiring and consumer outlooks have improved, which along with interest rates fueled much of the index's improvement.
Beer consumption in Belgium has dropped 27 percent since 1992, and brewers are trying to reverse this trend.
The Labor Department said Friday that unemployment rates dropped in 21 states, rose in 17 and were unchanged in the remaining 12.
Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category.
The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the highest level since the fourth quarter of 2005.
Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released Wednesday.
As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper.
Many expect GM sales to take a hit from a mishandled recall of small cars, though it's unclear when and how severe.