[AI Investment Gradually Transforms into Efficiency Improvements: US Corporate Productivity Growth Accelerates] According to Jinse Finance, on November 5th, US labor productivity accelerated in the third quarter, marking the fastest growth in a year, reflecting companies' efforts to improve efficiency to alleviate pressure from rising costs. Data released by the US Bureau of Labor Statistics on Thursday showed that non-farm hourly output grew at an annualized rate of 3.6%, higher than the revised 2.1% in the previous quarter. Unit labor costs (the cost of employees a company pays to produce a unit of output) fell by 0.7%, the first decline since the second quarter of 2025. Labor costs are the largest expense for many companies, so they are increasing investment in new technologies and equipment to improve employee efficiency. Productivity improvements help companies limit price increases for consumers and other businesses. The latest data may indicate that the current capital expenditure boom is gradually translating into efficiency improvements amidst a sharp rise in input costs. Companies have invested heavily in artificial intelligence, software, and equipment, which are expected to enable companies to achieve higher output with the same labor input. Another report released by the U.S. government on Thursday showed that the number of initial jobless claims last week fell to a level comparable to the lowest since 1969, highlighting the stability of the labor market.