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via reuters.comEconomy

US worker productivity surges in third quarter, growing faster than expected

FROM THE WIRE · REUTERS.COM

US worker productivity grew faster than expected in the third quarter, depressing labor costs and supporting views that the labor market ​was not a source of inflation.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralProductivity above expectations lowers labor costs and supports the view that the labor market is not an inflation source.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01US worker productivity grew faster than expected in the third quarter.
  2. 02The growth depressed labor costs.
  3. 03The data supports views that the labor market was not a source of inflation.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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