U.S. Worker Productivity Climbs

Pace picks up in 3Q for the first time this year.

The productivity of U.S. workers rose in the third quarter for the first time this year as companies tried to cut costs following a slowdown in growth.

The measure of employee output per hour increased at a 3.1 percent annual rate, following declines in each of the previous two quarters, figures from the Labor Department showed today in Washington. Expenses per employee fell at a 2.4 percent rate after a 2.8 percent gain in the second quarter.


Advertisement. Closing in 15 seconds.