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Wednesday, December 03, 2014

U.S. companies and workers were more productive in the third quarter than initially reported, but labor costs fell sharply for the second straight time in a sign that wages continue to lag behind. Productivity grew at a revised 2.3% annual pace instead of 2% from the beginning of July through the end of September, newly revised government figures show. Productivity reflects how much employees produce in an hour of work.


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