Productivity Revised Up to 2.3% in 3Q

Reuters

U.S. non-farm productivity grew faster than previously estimated in the third quarter as employers squeezed more output from workers and kept costs contained, a government report showed on Wednesday.

Productivity increased at an annual rate of 2.3% rather than the 1.9% pace reported last month, the Labor Department said, after contracting 1.8% in the second quarter.

Continue Reading Below

The upward revision to third-quarter productivity, a measure of hourly output per worker that is viewed as an indicator of the economy's vitality or lack of it, matched economists' expectations.

What do you think?

Click the button below to comment on this article.