Productivity, Labor Costs Rise 1.8%

Newman, Emily
December 2004
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p2
Trade Publication
The article focuses on productivity outside the farm sector and compensation which grew in the third quarter of 2004, according to figures released by the U.S. Labor Department. Revised third quarter figures show non-farm productivity increased 1.8%, compared to the previous quarter. The third quarter gain compares to the 1.9% projected gain posted in the preliminary report and a second quarter increase of 3.9%. Compared to the same period a year ago, productivity is up 11%. Economists interviewed by IFR Bond-Data America predicted a 1.9% increase in non-farm productivity. Meanwhile, non-farm unit labor costs also rose a revised 1.8% in the third quarter, following a 1.6% gain in the preliminary figures and a revised 1.9% second quarter increase.


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