Employee productivity gains in Q3 2010

Despite wavering employment numbers, work productivity in the United States climbed 2.3 percent at an annual rate during the third quarter of 2010, according to data from the U.S. Department of Labor.

Those numbers come in light of new hiring numbers that disappointed during the month of November. However, with diminishing employee time and attendance issues, companies simply got more out of their current workforce.

The statistical jump comes after worker productivity decreased by 1.8 percent during Q2 2010, which was the single largest quarterly decline in almost four years. The hope is that the improved productivity rates will influence new hiring in the near future, according to Bloomberg.

During the period, worker output increased 3.7 percent, while the amount of hours put in by employees climbed 1.4 percent.

The manufacturing sector experienced productivity rises of 0.6 percent during Q3 2010, while output jumped 4.2 percent and hours increased by 3.6 percent. In the nondurable goods market, productivity increased 3.2 percent with an improvement in output and decline in hours worked.

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