US Worker Productivity Grew 1.9 Pct. Rate In Q3
The government will release the October employment report on Friday. Economists forecast that the economy added 121,000 jobs last month, while the unemployment rate inched up to 7.9 percent.
The Federal Reserve closely follows changes in productivity and labor costs to monitor inflation pressures. With unemployment remaining elevated, economists do not expect wages to accelerate any time soon. Higher wages can lead to unwanted inflation.
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