WASHINGTON (AP) — U.S. workers boosted their productivity from July through September at the fastest pace since the end of 2009, adding to signs of stronger economic growth.
The Labor Department said Monday that productivity increased at a 3 percent annual rate in the third quarter. That's up from an initial estimate of 1.9 percent and much stronger than the 1.8 percent rate from April through June.
Productivity rose because economic growth was much stronger than previously estimated in the third quarter. Productivity is the amount of output per hour of work.
Labor costs fell in the third quarter, evidence that inflation will remain low.
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