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As on: Dec 17, 2018 01:43 PM
Economic Buzz: US Labor Productivity Surges 2.3% In Q3
07-Dec-18   10:04 Hrs IST
Labor productivity in the US surged up by 2.3 percent in the third quarter compared to the previously reported 2.2 percent spike, revised data released by the Labor Department on Thursday showed. The upwardly revised jump in productivity in the third quarter compares to the 3.0 percent leap in the second quarter. The Labor Department said the increase in productivity, a measure of output per hour, was little changed from the initial estimate as both output and hours worked increased at the same rates originally reported.

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