WASHINGTON | US productivity up 2.3% in third quarter

6Dec - by Editor - 0 - In STL.News



WASHINGTON— U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter.

The third quarter gain in productivity was revised up slightly from an initial estimate a month ago of a 2.2% gain, the Labor Department said Thursday. It marks a more modest advance than the second quarter’s 3% annual rate of increase.

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