US Productivity Accelerates to Strongest Pace in Two Years

US labor productivity accelerated in the third quarter to its strongest pace in two years. Productivity soared to an annualized rate of 4.9%. Economic growth in the quarter also powered ahead. The US trade gap narrowed in October and jobless claims rose by 8,000 to 208,000 in the week ending January 3. Bloomberg’s Michael McKee wraps up all the data. (Source: Bloomberg)