facebook
twitter
search
search

Third quarter productivity up 2.3 percent

Dec. 1, 2010 at 11:38 AM

WASHINGTON, Dec. 1 (UPI) -- The U.S. Bureau of Labor Statistics revised its non-farm labor productivity figure for the third quarter to 2.3 percent Wednesday.

The preliminary report had pegged productivity at a gain of 1.9 percent over the second quarter.

Factory output was revised higher from 3 percent growth to 3.7 percent, after growing 2.6 percent in the second quarter.

In the quarter, the cost of wages and benefits rose 2.2 percent, slightly higher than reported in November. That put labor costs per unit at a decline of 0.1 percent July through September, unchanged from a month ago.

In the past four quarters, labor unit costs have fallen 1.1 percent, a typical pattern after a recession that creates a leaner workforce.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
B-52 bombers demo long reach of U.S. air power
Army orders tactical trucks from Oshkosh
Reddit CEO Ellen Pao offers to improve communication in wake of firing scandal
Report: Brazil's Petrobras wading dark waters
Oil markets hammered by Greece, Iran and China