The United States faces the first decline in labor productivity in three years, as rising labor costs ring inflation alarm bells.

Zhitong Finance and Economics APP learned that the labor productivity in the first quarter of the United States has experienced its first decline in nearly three years, due to a decrease in economic output, interrupting the efficiency improvement trend that had previously helped alleviate the pressure of cost inflation on employment. Data from the U.S. Bureau of Labor Statistics on Thursday showed that the annualized hourly output per nonfarm worker fell by 0.8%, with the previous value revised to an increase of 1.7%.