Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Update: Q3 Productivity Soars 3.0% as Unit Labor Costs Drop

The revised numbers are in for Q3 labor productivity and costs, and productivity is looking good. According to a new revised report (link opens in PDF) released today by the Labor Department, Americans pushed Q3 nonfarm productivity up at an annualized rate of 3%. 

This latest report includes more source data and, like the revised Q3 GDP estimate, is an improvement over initial numbers. The drive behind the quarter's improvement comes from both a 4.7% increase in output, as well as a 1.7% uptick in hours worked.

Analysts had expected an improvement, and their 2.9% growth estimate was almost exactly on the money. 

Even as hourly compensation increased 1.6%, productivity improvements outweighed cost increases, allowing unit labor costs to drop off 1.4%, matching analyst expectations. 


Comparing Q3 2013 to Q3 2012, productivity has increased 0.3%, while unit labor costs are up 2.1%.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2766779, ~/Articles/ArticleHandler.aspx, 9/26/2016 8:34:44 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes