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The cost-cutting equation is working for U.S. businesses: More output with fewer workers equals higher profits. Productivity in the non-farm business sector soared at an annual rate of 6.8 percent in the second quarter, the Labor Department estimated Thursday. A month ago, the department estimated productivity growth at 5.7 percent.In a second report, the department said new applications for jobless benefits jumped by a seasonally adjusted 15,000 to 413,000 for the work week ending Aug. 30.The rise propelled claims to their highest point since the week ending July 12 and pushed them above 400,000, a level associated with a weak job market. In the prior t
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