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U.S. Labor Productivity Surges In Q3, Labor Costs Unexpectedly Turn Lower

Por: RTTNews Business November 02, 2023

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A report released by the Labor Department on Thursday showed U.S. labor productivity shot up by more than expected in the third quarter of 2023, while the report also showed an unexpected downturn in unit labor costs during the quarter.The Labor Department said labor productivity soared by 4.7 percent in the third quarter after surging by a revised 3.6 percent in the second quarter.Economists had expected productivity to spike by 4.2 percent... + full article



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