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December 06, 2005
U.S. Productivity Revs Up in Q3
U.S. productivity posted its fastest rise in two years last quarter, according to newly released Labor Department figures.
Business productivity rose to 4.7% during the third quarter, up from the previous estimate of 4.1%.
Economists say the unexpected rise could signal that the U.S. economy is stronger than previously thought. Recent economic indicators, including housing starts and unemployment figures, have led some to believe that the current cycle of economic expansion is coming to a close.
Posted by Blacks on December 6, 2005 12:29 PM
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