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2026-11-06

US Q3 Nonfarm Productivity Rises 3.6% Annualized, the Most in a Year, as Unit Labor Costs Fall 0.7%

US Q3 Nonfarm Productivity Rises 3.6% Annualized, the Most in a Year, as Unit Labor Costs Fall 0.7%

Key points

BLS productivity & costs, four panels, 2024-2026 | Q3 productivity +3.6% annualized with output +3.7% and hours +0.1%; unit labor costs -0.7%

Image source: @neilsethinew