<H3>• U.S. Productivity & Labor Costs – Q3 2013</H3>

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Nonfarm business sector labor productivity increased at a 1.9 percent annual rate during the third quarter of 2013. The increase in productivity reflects increases of 3.7 percent in output and 1.7 percent in hours worked. (All quarterly percent changes are seasonally adjusted annual rates.) From the third quarter of 2012 to the third quarter of 2013, productivity was essentially unchanged as a 1.8 percent increase in output was matched by a 1.8 percent increase in hours worked. Unit labor costs in nonfarm businesses decreased 0.6 percent in the third quarter of 2013, while hourly compensation increased 1.3 percent. Unit labor costs rose 1.9 percent over the last four quarters. See the complete report at this link: USDOL-BLS

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