Nonfarm business sector labor productivity increased 3.0 percent during the third quarter of 2017, as output increased 3.8 percent and hours worked increased 0.8 percent. From the third quarter of 2016 to the third quarter of 2017, productivity increased 1.5 percent, reflecting a 2.9-percent increase in output and a 1.4-percent increase in hours worked.
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Showing posts with label productivity and costs. Show all posts
Showing posts with label productivity and costs. Show all posts
Thursday, November 2, 2017
Labor productivity up 3.0 percent in 3Q 2017 and 1.5 percent year-on-year
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