The Bureau of Labor Statistics reported a preliminary 3.6% annualized rise in nonfarm business productivity for the third quarter. The estimate measures the change in output per hour worked.
The agency estimated that hourly compensation rose at a 2.9% annualized rate. With output per hour increasing faster, labor costs per unit of output declined. These quarter-to-quarter rates are seasonally adjusted.
Why it matters
Productivity measures how much is produced for each hour worked. It can improve even when total hours barely move, and it affects how wage growth translates into costs per unit.
Story timeline
- Primary source released
U.S. Bureau of Labor Statistics
- Orange News edition
An original summary with a link to the primary source.
Sources & evidence
Read the original release from U.S. Bureau of Labor Statistics ↗
Corrections & revisions
No corrections recorded.
Revision log
- Version 1 · 10 Nov 2026
Prepared for the first edition.