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U.S. Nonfarm Productivity Rose 3.6% in Q3 as Labor Costs Fell

Output increased 3.7%. Second-quarter productivity was revised to 2.1% from 1.4%.

Finished components move past a work glove and analog clock / TokenPost.ai
Finished components move past a work glove and analog clock / TokenPost.ai

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%.

The preliminary figures were released Nov. 5.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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