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U.S. productivity rises as unit labor costs fall in Q3
Nonfarm business output grew faster than hours in the third quarter. The preliminary decline in unit labor costs came even as hourly compensation increased.
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Nonfarm business output grew faster than hours in the third quarter. The preliminary decline in unit labor costs came even as hourly compensation increased.
Eight policymakers backed a quarter-point increase. The lone dissenter wanted a larger rise, while the bank kept future moves conditional.