U.S. Productivity Rises More Than Estimated Earlier
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The productivity of U.S. workers rebounded more in the third quarter than previously estimated, showing companies were focused on controlling costs.
The measure of employee output per hour rose at a 2.3 percent annual rate, compared with the 1.9 percent initially calculated and a 1.8 percent drop in the previous three months, revised figures from the Labor Department showed today in Washington. Labor expenses fell.