US PRODUCTIVITY SURGES IN Q3, BEATING EXPECTATIONS AS LABOR COSTS FALL US nonfarm business productivity rose 3.6% annualized in Q3 2026, crushing expectations for a 0.7% contraction and marking the strongest growth in four quarters. Meanwhile, unit labor costs fell 0.7% annualized, versus expectations for a 1.8% increase, suggesting reduced wage-related inflation pressure. The BLS also revised annual productivity growth higher to 3.2% in 2024 and 2.3% in 2025, while lowering labor-cost estimates for both years.(彭博社)