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U.S. Productivity Rises 2.2% in Third Quarter

Wall Street Journal (12/02/15) David Harrison; Kate Davidson

Employee productivity increased at a moderate pace in the third quarter. Nonfarm worker productivity rose at a revised 2.2% seasonally adjusted annual rate in the third quarter, according to the U.S. Department of Labor. The increase was in line with the forecast of economists surveyed by the Wall Street Journal.

Meanwhile, third-quarter unit labor costs were revised up to 1.8% from 1.4%.

The increase in third-quarter productivity coincides with a boost in economic growth. Overall output rose 2.1% in the third quarter, up from an initial estimate of 1.5%, according to the U.S. Department of Commerce.