USA: productivity gains of 2.2% in Q3

(CercleFinance.com) - Non-farm productivity rose by an annualized 2.
2% in the third quarter of 2024, according to the Labor Department's first estimate, reflecting a 3.5% increase in total output for a 1.2% rise in hours worked.

This strong rise in productivity was nonetheless less than the 4.2% increase in hourly wages, a discrepancy that translated into a 1.9% increase in non-agricultural unit labor costs in the United States for the quarter just ended.

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