US labor productivity posts largest decline in 61 years

ANKARA

Labor productivity in the US posted its largest decline in 61 years, according to data by the Bureau of Labor Statistics on Tuesday.

Non-farm business sector labor productivity decreased by 5.2% in the third quarter, its largest decline since the second quarter of 1960 when it fell 6.1%.

The market expectation was a decline of 4.9%.

On an annual basis, labor productivity decreased 0.6%