U.S. Productivity Down 5.2% Last Quarter

U.S. business labor productivity, or output per hour, was down 5.2% in Q3, marking the largest decline in quarterly productivity since the second quarter of 1960, according to the U.S. Bureau of Labor Statistics. Manufacturing productivity decreased 1.8% in Q3, with a 0.7% gain in the durable manufacturing sector and a 3.6% decline in the non-durable sector. 12/15/2021