U.S. Productivity Soars And Costs Are Down Too

AP Oil Worker

Productivity in the United States increased by 1.9% (annualized) in Q3, according the labour Department.

The surge was coupled with a cost decline of 0.1% in unit labour costs.

Productivity beat expectations while unit labour costs declined less than expected.

Hours worked increased by 1.1% in Q3. An increase in hours worked can be a good indicator of future hiring.

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