U.S. Productivity Rises More Than Estimated Earlier

The productivity of U.S. workers rebounded more in the third quarter than previously estimated, showing companies were focused on controlling costs.

The measure of employee output per hour rose at a 2.3 percent annual rate, compared with the 1.9 percent initially calculated and a 1.8 percent drop in the previous three months, revised figures from the Labor Department showed today in Washington. Labor expenses fell.

Gains in payrolls and the workweek so far this quarter indicate companies are coming up against limits on how much more efficiency they can wring from current staff to meet rising sales. General Motors Co. is among businesses planning to boost employment in a bid to take advantage of a growing market.

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- Posted: 2010-12-01 09:30:39

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