December 1, 2011 (The Editor’s Desk is updated each business day.)
Third quarter 2011 productivity growth revised downward
Previous and revised productivity and related measures, nonfarm business, third quarter 2011 (quarterly percent change at seasonally adjusted annual rates)
| Measure |
Quarterly percent change at annual rate |
| Previous |
Revised |
Productivity
(Output per hour) |
3.1 |
2.3 |
Output |
3.8 |
3.2 |
Hours |
0.6 |
0.8 |
Unit labor costs |
-2.4 |
-2.5 |
These data are featured in the TED article, Third quarter 2011 productivity growth revised downward.
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