Labor Productivity Increased by 2.3% in Q3

Washington, DC, December 6, 2018-Nonfarm business sector labor productivity increased 2.3% during the third quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 4.1% and hours worked increased 1.8%. 

From the third quarter of 2017 to the third quarter of 2018, productivity increased 1.3%, reflecting a 3.7% increase in output and a 2.3% increase in hours worked.