04/20/2018

U.S. Worker Productivity Jumps in Third Quarter

WASHINGTON—U.S. workers boosted output per hour this summer at the best rate in three years, a sign that long sluggish productivity gains might finally be breaking out.

Nonfarm business-sector productivity increased at a 3.0% seasonally adjusted annual rate in the third quarter, the Labor Department said Thursday. The gain was better than economists had expected and the largest quarterly improvement since the third quarter of 2014.

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