U.S. Nonfarm Productivity Rose 3.6% in Q3 as Labor Costs Fell
Photo: TokenPost
The U.S. Bureau of Labor Statistics issued preliminary third-quarter figures Nov. 5, showing nonfarm business-sector productivity rose at a 3.6% annualized rate as labor costs declined. Productivity measures output relative to labor and other inputs. In the third quarter, output increased 3.7%. The second-quarter productivity estimate was revised to 2.1% from 1.4%. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
