Economy and macroUpdated November 5

Asharq Al-Awsat says US labor productivity rose 3.6% in Q3.

Asharq Al-Awsat puts US labor-productivity growth at 3.6% in the third quarter, above expectations, and says it helped lower labor costs. Bloomberg says productivity accelerated at its fastest pace in a year, reading the gain as a sign that a capital-spending boom is translating into greater efficiency. The striking part is the timing: that efficiency gain came while input costs had soared, not after they eased.

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Coverage started November 5