Preliminary Q3 Non-Farm Productivity Up 1.9%; Labor Costs Drop 0.6%

November 2013
Bond Buyer;11/15/2013, Vol. 122 Issue F345, p1
Trade Publication
The article reports that preliminary non-farm productivity in the U.S. in the third quarter (Q3) of 2013 has increased by 1.9 percent and unit labor costs (ULC) have decreased by 0.6 percent in the same period. It informs that productivity has enhanced in Q3 as output has increased by 3.7 percent. It mentions that 1947-2012 average gain in non-farm productivity has increased by 2.2% percent.


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