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US Labor Productivity Increases at Fastest Pace in a Year

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US Labor Productivity Increases at Fastest Pace in a Year US labor productivity accelerated in the third quarter at the fastest pace in a year as employers strive to ease the burden of higher costs. Productivity, or nonfarm business output per hour, increased at a 3.6% annualized rate after an upwardly revised 2.1% pace in the prior quarter, data from the Bureau of Labor Statistics showed Thursday.

US Labor Productivity Increases at Fastest Pace in a Year US labor productivity accelerated in the third quarter at the fastest pace in a year as employers strive to ease the burden of higher costs. Productivity, or nonfarm business output per hour, increased at a 3.6% annualized rate after an upwardly revised 2.1% pace in the prior quarter, data from the Bureau of Labor Statistics showed Thursday.
US (LOCATION) US Labor Productivity (EVENT) the Bureau of Labor Statistics (ORG)
Originally published by Bloomberg Markets Read original →