Productivity increases 3.1% in third quarter 2011; unit labor costs fall 2.4%
Productivity rose 3.1 percent in the nonfarm business sector in third quarter 2011; unit labor costs decreased 2.4 percent (seasonally adjusted annual rates). In manufacturing, productivity rose 5.4 percent and unit labor costs declined 4.6 percent.
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Posted: November 3, 2011