WASHINGTON – U.S. worker productivity climbed 3 percent in the third quarter, the best showing in three years, while labor costs fell for a second straight quarter.
The increase in productivity in the July-September quarter was double the 1.5 percent gain in the second quarter, and both quarters were up significantly from a scant 0.1 percent rise in the first three months of the year. Labor costs fell 0.2 percent after a bigger 1.2 percent second-quarter decline, the Labor Department said.
The third-quarter figure for productivity was unchanged from an initial estimate while labor costs were initially estimated to have risen by 0.5 percent.
Original published: 2017-12-06 18:04:00 Read the full Houston News here
Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.