U.S. productivity increases by the most in more than a year

By Reade Pickert
Published 3 Min Read

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U.S. productivity surged last quarter by the most in more than a year, reflecting a sharp acceleration in economic output, while labor costs growth cooled.

Fourth-quarter nonfarm business employee output per hour increased at a 6.6% annual rate from the previous three months, the largest advance since the second quarter of 2020, according to Labor Department figures Thursday. In the third quarter, productivity slumped 5%, the sharpest drop since 1981.

Reade Pickert

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