Counselor706
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SourceWorker productivity slumped by much more than expected in the third quarter, data from the Department of Labor showed Thursday.
Hours worked increased by at a seasonally adjusted, annualized rate of seven percent in the July through September period, while output increased just 1.7 percent.
This is the worst productivity decline since the second quarter of 1981, when the measure decreased 5.1 percent. Economists had expected a milder decline of around 1.5 percent.