US productivity up 2.3% in third quarter

US productivity up 2.3% in third quarter
FILE- In this Sept. 18, 2018, file photo, farmworkers pick melons in the early morning hours in Huron, Calif. On Thursday, Dec. 6, the Labor Department issues revised data on productivity in the third quarter. (AP Photo/Marcio Jose Sanchez, File)

WASHINGTON (AP) — U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter.

The Commerce Department says that the third quarter gain in productivity was revised up slightly from an initial estimate a month ago of a 2.2% gain. It marks a more modest advance than the second quarter’s 3% annual rate of increase. Labor costs were up at a 0.9% annual rate in the third quarter following a decline at a 2.8% rate in the second quarter.

Productivity, the amount of output per hour of work, has been weak throughout the current expansion.