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U.S. Labor Productivity Jumps By Unrevised 3.0% In Q3

Labor productivity in the U.S. saw a notable increase in the third quarter, according to a revised report released by the Labor Department on Wednesday.

The report said labor productivity jumped by 3.0 percent in the third quarter, unchanged from the preliminary estimate. Economists had expected the increase in productivity to be upwardly revised to 3.3 percent.

Meanwhile, the Labor Department said unit labor costs fell by a revised 0.2 percent in the third quarter compared to the previously reported 0.5 percent increase. Costs had been expected to rise by a revised 0.2 percent.

by RTT Staff Writer

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