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U.S. productivity picks up a bit in third quarter. After two hefty declines 'any gain is welcome'.

Por: MarketWatch Politics November 03, 2022

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Key details: Output in the third quarter rose 2.8%. Hours worked rose 2.4%.  Unit-labor costs, a key measure of wages,  cooled to a 3.5% gain in the third quarter, down from 8.9% in the past three months. Year-over-year unit labor costs rose 6.1% in the third quarter after a 7.6% rise in the second quarter.  That is still “inflationary,” said Neil Dutta, head of economics at Renaissance Macro Research Big picture: Labor productivity is... + full article



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