U.S. nonfarm labor productivity rose at a 3.6% seasonally adjusted annualized rate in the third quarter of 2026, according to a preliminary Bureau of Labor Statistics release dated November 5. The increase followed a 3.7% rise in output and a 0.1% increase in hours worked, while hourly compensation climbed 2.9%. Unit labor costs fell 0.7%, because productivity gains outpaced compensation growth. The productivity increase was the largest since the third quarter of 2025 and marked a third consecutive quarterly improvement. Lower labor costs per unit of output could help moderate inflation and interest-rate concerns, potentially easing financing conditions for Bitcoin.