by sslifer | Jan 29, 2026 | NumberNomics Notes, Productivity
January 29, 2026 Non-farm productivity rose 4.9% in the third quarter after having climbed 4.1% in the .second quarter The third quarter growth rate consisted of a 5.4% increase in output combined with a 0.5% increase in hours worked. Hence, a 4.9% increase in...
by sslifer | Jan 29, 2026 | NumberNomics Notes, Productivity
January 29, 2026 Unit labor costs might be a term that is not familiar to you. Unit labor costs represent the increase in compensation adjusted for the gains in productivity. You might think that if labor costs are rising that would put upward pressure on...
by sslifer | Jan 29, 2026 | NumberNomics Notes, Productivity
January 29, 2026 The Bureau of Labor Statistics indicated that hourly compensation rose 2.9% in the third quarter after climbing 1.1% in the second quarter In the past year compensation has risen 3.2%. Growth in hourly compensation is a good thing, but that increase...
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