Thursday, November 4, 2021

Productivity and Costs News Release

Bureau of Labor Statistics
The latest Productivity and Costs news release has been posted on the BLS website at https://www.bls.gov/news.release/pdf/prod2.pdf and also archived at https://www.bls.gov/news.release/archives/prod2_11042021.pdf. Highlights are below.

Productivity decreases 5.0% in Q3 2021; unit labor costs increase 8.3% (annual rates)

11/04/2021

Productivity decreased 5.0 percent in the nonfarm business sector in the third quarter of 2021; unit labor costs increased 8.3 percent (seasonally adjusted annual rates). In manufacturing, productivity decreased 1.0 percent and unit labor costs increased 2.9 percent.

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