USA: productivity confirmed at +2.2% in Q3

(CercleFinance.com) - Non-farm productivity in the USA rose by an annualized 2.
2% in the third quarter of 2024, according to the Labor Department, which confirms on second reading its first estimate published a month ago.

This increase reflects a 3.5% rise in total production, while the number of hours worked rose by only 1.2%, figures also confirmed in relation to their preliminary announcement.

The increase in hourly wages was revised downwards from 4.2% to 3.1%, and the rise in US non-agricultural unit labor costs was also revised downwards by -1.1 percentage points, to 0.8%.

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