| The measures released today are based on more recent source data than were
available for the preliminary report.
Nonfarm business sector labor productivity increased at a 3.0 percent annual
rate during the third quarter of 2013. The increase in productivity reflects increases of 4.7
percent in output and 1.7 percent in hours worked. (All quarterly percent
changes in this release are seasonally adjusted annual rates.) From the third
quarter of 2012 to the third quarter of 2013, productivity increased 0.3
percent as output and hours worked rose 2.1 percent and 1.8 percent,
respectively.
Unit labor costs in nonfarm businesses decreased 1.4 percent in the third
quarter of 2013, while hourly compensation increased 1.6 percent. Unit labor
costs rose 2.1 percent over the last four quarters.
Click on charts to enlarge Manufacturing sector productivity declined 0.1 percent in the third quarter
of 2013, as output and hours worked increased 1.1 percent and 1.2 percent,
respectively.
See the complete report at this link: USDOL-BLS
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