Flextronics
© Reuters / Tom Brenner
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, US
The decline in U.S. productivity in the third quarter was revised to show a 5.2% drop instead of 5% as previously reported, the government said Tuesday. The increase in output was raised a tick to 1.8% and hours worked were revised up to 7.4% from 7%. Unit-labor costs jumped 9.6% vs. the original 8.3% reading, reflecting higher wages that companies are paying to attract more employees amid a major shortage of workers.