US: Non-farm Productivity rose 3.0% in Q3

FXstreet.com (Córdoba) - The productivity of US workers increased by 3.0% in the third quarter, at the fastest pace in nearly 4 years, the US Labor Department reported Monday.

This reading exceeded forecast of 2.8% and came in above the 1.8% rise printed in Q2. Unit Labor Costs contracted 1.4% in the same period, coming in short of expectations of -1.3% and lower than the previous 0.5%.