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“Nonfarm business sector labor productivity increased 1.9 percent in the fourth quarter of 2018,,” the  U.S. Bureau of Labor Statistics reported on Thursday.

Key takeaways from the press release

  • Unit labor costs in the nonfarm business sector increased 2.0 percent in the fourth quarter of 2018, and  increased 1.0 percent over the last four quarters.
  • Annual average productivity increased 1.3 percent from 2017 to 2018.  
  • Manufacturing sector labor productivity increased 2.0 percent in the fourth quarter of 2018, as output  increased 2.7 percent and hours worked rose 0.8 percent.