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US Productivity Slows in 3rd Quarter

U.S. productivity slowed in the summer, while labor costs rebounded yet stayed at a level suggesting only modest inflation pressures. Productivity rose at an annual rate of 1.6 percent in the July-September quarter, a slowdown from a 3.5 percent increase in the second quarter, the Labor Department said Thursday. Labor costs rose at a modest annual rate of 1.4 percent in the third quarter after having fallen at a 1.8 percent pace in the second quarter. Productivity, the amount of...

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