A report released by the Labor Department on Thursday showed U.S. labor productivity shot up by more than expected in the third quarter of 2023, while the report also showed an unexpected downturn in unit labor costs during the quarter.The Labor Department said labor productivity soared by 4.7 percent in the third quarter after surging by a revised 3.6 percent in the second quarter.Economists had ...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.