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US Worker Productivity Rises at 3.1 Percent Rate in Third Quarter

The productivity of American workers rose in the July-September quarter at the fastest pace in two years, while labor costs slowed. Productivity increased at a 3.1 percent rate in the third quarter, the Labor Department reported Thursday. It was a significant improvement from the previous three quarters, when productivity had fallen. Unit labor costs edged up a modest 0.3 percent in the third quarter, compared with a 3.9 percent jump in the second quarter. The productivity figure was...

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