Companies in U.S. Sustain Productivity Gains to Cut Labor Costs

The productivity of U.S. workers held up in the third quarter as companies focused on cutting labor expenses to preserve profits as sales cool. The measure of employee output per hour climbed at a 1.9 percent annual rate, the same as in the prior three months, a Labor Department report showed tod…

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Companies in U.S. Sustain Productivity Gains to Cut Labor Costs