Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones.

The gush of second quarter earnings reports is beginning to slow to a trickle, and with most of the reports in, the results have been mostly positive.

From the same quarter a year ago, nonfarm business sector labor productivity was up 1.3%. The key takeaway from the report is that productivity improved noticeably from the first quarter, helping to ...