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Productivity increases modestly, unit labor costs drop

Nonfarm productivity increased at a modest pace in the third quarter, giving little sign that businesses are poised to ramp up hiring significantly.

 

US worker productivity up 1.6 pct. in 2nd quarter

U.S. companies got slightly more out of their workers this spring after scaling back on hiring. The modest 1.6 percent annualized gain in productivity from April through June signals employers may need to hire more if demand picks up.

 

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