By Greg Robb, MarketWatch
Productivity in the American workplace accelerated in the third quarter, rising at a 4.1% annual rate, the Labor Department estimated Thursday.
Unit labor costs – a key measure of inflationary pressures from compensation – fell 0.5% annualized, the biggest decline since the second quarter of last year.
Economists were expecting a 2.6% gain in productivity in the July-September quarter, according to a survey conducted by MarketWatch.
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