US labor productivity posts largest decline in 61 years
Dec 08, 2021 - 06:00 AM
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%