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Article: Productivity rises at healthy 2.3 percent rate in third quarter
- Article from:
- AP Online
- Article date:
- November 10, 1998
- Author:
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DAVE SKIDMORE Associated Press Writer
AP Online
11-10-1998
WASHINGTON (AP) _ Growth in American workers' productivity, the key to rising living standards, improved in the July-September period after nearly stalling during the previous quarter.
The productivity of nonfarm, nonsupervisory workers _ measured as output per hour of work _ rose at a seasonally adjusted 2.3 percent annual rate in the third quarter, the Labor Department said today.
During the April-June period, productivity advanced at a scant 0.3 percent rate, the slowest increase in nearly two years. Productivity was robust during the first three months of the year, rising at a 3.5 percent rate.
Economists consider ...