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Businesses paid sharply higher labor costs in the third quarter to produce their goods and services, reflecting higher worker pay and a slowdown in production tied to widespread bottlenecks in the economy.
So-called unit-labor costs jumped 8.3% in the period from July through September, the government said Thursday. These costs reflect how much a business spends to produce one unit of output, such as a new car, a keg of beer or a crate of toys.
Companies…
