U.S. nonfarm business productivity rose 3.6 percent in the third quarter, as hourly wages rose 2.9 percent and unit labor costs fell 0.7 percent, preliminary BLS data showed. These are annual rates. Unit labor costs were still 2.4% above a year earlier.
U.S. nonfarm business productivity rose 3.6 percent in the third quarter, as hourly wages rose 2.9 percent and unit labor costs fell 0.7 percent, preliminary BLS data showed. These are annual rates. Unit labor costs were still 2.4% above a year earlier.
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