US labor productivity posts largest decline in 61 years

Productivity down 0.6% on annual basis

By Ovunc Kutlu

ANKARA (AA) - Labor productivity in the US posted its largest decline in 61 years, according to data by the Bureau of Labor Statistics on Tuesday.

Non-farm business sector labor productivity decreased by 5.2% in the third quarter, its largest decline since the second quarter of 1960 when it fell 6.1%.

The market expectation was a decline of 4.9%.

On an annual basis, labor productivity decreased 0.6%




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