U.S. THIRD-QUARTER LABOR COSTS REVISED SHARPLY HIGHER

WASHINGTON (Reuters) - U.S. unit labor costs surged more than initially thought in the third quarter, suggesting inflation could remain high for a while. © Reuters/ANDREW KELLY The Department of Labor headquarters is seen in Washington, D.C. The Labor Department said on Tuesday that unit labor costs, the price of labor per single unit of output, accelerated at a 9.6% annualized ra...

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