U.S. nonfarm productivity was revised to an 8.1% annual rate of increase in the third quarter, down from the 9.5% increase initially reported for the quarter in the preliminary report last month, but still the largest productivity increase in six years, the Labor Department said yesterday.

Unit labor costs were revised to a 2.5% annual rate of decline from a 5.2% rate of decline initially reported for the third quarter.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.