Worker Productivity Up Less Than Expected in Third Quarter

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Economic Update: 3rd Quarter Nonfarm Productivity

Final Nonfarm Productivity for the third quarter was reported 8.1%; below the consensus for 8.5% and the preliminary reading of 9.5%.

Unit Labor Costs for the quarter fell by -2.5%, which was also below the consensus for a decline of -4.1% and the previous reading of -5.2%

 

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