clear
Monday December 11th, 2017 6:23AM

US productivity jumps 3 percent in third quarter

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — U.S. worker productivity rose 3 percent in the third quarter, the best showing in three years, while labor costs fell for a second straight quarter.

The Labor Department said Wednesday that the increase in productivity in the July-September rose sharply from the 1.5 percent increase in the second quarter and a scant 0.1 percent rise in the first three months of the year. Labor costs fell 0.2 percent after an even bigger 1.2 percent decline in the second quarter.

The third quarter figure for productivity was unchanged from an initial estimate while labor costs were initially estimated to have risen by 0.5 percent.

Economists are hopeful that the upturn in productivity may be a sign this key measure of living standards is improving after a prolonged period of weakness.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy
© Copyright 2017 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
APNewsBreak: Accusers take on toxic culture in TV newsrooms
Women who say they were sexually harassed or mistreated by powerful men in television news are banding together to form a support network aimed at changing newsroom culture
8:46AM ( 11 minutes ago )
French president visits Algeria to boost cooperation
French President Emmanuel Macron is traveling to Algeria for a one-day working visit aimed at strengthening the security and economic cooperation between the two countries
8:39AM ( 18 minutes ago )
Survey: US businesses added a solid 190,000 jobs in November
Survey: US businesses added a solid 190,000 jobs in November, driven by big gain in factory jobs
8:37AM ( 21 minutes ago )
Associated Press (AP)
Apple CEO hopeful banned apps will return to China store
Apple's chief executive says he's optimistic some apps that fell afoul of China's tight internet laws will eventually be restored after they were removed earlier this year
8:12AM ( 45 minutes ago )
Report: West Coast homeless crisis pushes US count higher
Soaring rents in California, Oregon and Washington have led to a surge in homelessness in those states, pushing the US homeless population higher for the first time in seven years
8:06AM ( 51 minutes ago )
India to phase out 'petcoke' imports after AP investigation
India's government says it plans to phase out imports of a dirty fuel known as petroleum coke, or "petcoke," after an Associated Press investigation found U.S. oil refineries are exporting vast quantities of the product to India
8:05AM ( 52 minutes ago )
AP Business
GOP leaders seek to avert shutdown over spending
Top Republicans are trying to quell GOP divisions and line up support for a short-term spending bill that would avert a partial government shutdown Saturday
2:50AM ( 6 hours ago )
Leaders seek to end GOP fissures over bill averting shutdown
Top Republicans are trying to quell GOP divisions and line up support for a short-term spending bill that would avert a partial government shutdown Saturday
4:55PM ( 16 hours ago )
S&P 500 drops to third straight loss after tech rally fades
Another afternoon fizzle for stocks left the Standard & Poor's 500 index with its third straight loss on Tuesday
4:37PM ( 16 hours ago )
AP Business - Economy
APNewsBreak: Accusers take on toxic culture in TV newsrooms
Women who say they were sexually harassed or mistreated by powerful men in television news are banding together to form a support network aimed at changing newsroom culture
8:46AM ( 12 minutes ago )
French president visits Algeria to boost cooperation
French President Emmanuel Macron is traveling to Algeria for a one-day working visit aimed at strengthening the security and economic cooperation between the two countries
8:39AM ( 18 minutes ago )
Survey: US businesses added a solid 190,000 jobs in November
Survey: US businesses added a solid 190,000 jobs in November, driven by big gain in factory jobs
8:37AM ( 21 minutes ago )
Hungarian EU parliament member indicted for alleged spying
Hungarian prosecutors say they have indicted Bela Kovacs, a member of the European Parliament, for allegedly spying on the European Union
8:31AM ( 27 minutes ago )
Man held in terror plot to kill British prime minister
British media are reporting that two men due in court to face terror charges plotted to assassinate Prime Minister Theresa May
8:22AM ( 35 minutes ago )