Business & Finance
US Labor Productivity Increases at Fastest Pace in a Year
Key Points
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.