US productivity rises at solid pace, helping limit labour costsUS labour productivity advanced at a firm pace in the fourth quarter, capping another year of faster efficiency gains that continued to propel economic growth.
Productivity, or nonfarm employee output per hour, rose at a 1.2% annualised rate after a revised 2.3% increase in the July-to-September period, data from the Bureau of Labor Statistics (BLS) showed on Thursday.