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U.S. Labor Productivity Tumbles In Q1, Unit Labor Costs Spike

The Labor Department released a report on Thursday showing U.S. labor productivity tumbled by much more than expected in the first quarter of 2023.

The report said labor productivity plunged by 2.7 percent in the first quarter after jumping by a revised 1.6 percent in the fourth quarter.

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by RTTNews Staff Writer

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