The content originally appeared on: CNN Revisions to the data that were initially published a month ago show that the productivity drop was even worse than feared, falling 5.2% on a seasonally adjusted basis. That's the steepest decline in the quarterly rate since the second quarter of 1960 when productivity fell 6.1%. The initial read on the data had shown the worst drop since 1981. Unit labor costs, meanwhile, climbed at an annual rate of 9.6% in the third quarter, […]
