US Labor Productivity Surpasses Market Expectations with 3.2% Growth in Fourth Quarter 2023

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The US labor productivity index grew faster than market expectations in the fourth quarter of last year. Productivity continued to improve throughout 2023, contributing to boosting economic growth as inflation slowed. Key Point The non-agricultural sector labor productivity index (preliminary figures) increased by 3.2% annually compared to the previous quarter. The median economist forecast is … Read more