Improved American Productivity Helped Tame Unit Labor Costs

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  • 02 Feb '23 at 7:30 am #52771
    Helmholtz Watson
    Participant

    In the fourth quarter U.S. productivity increased 3.0% (ahead of consensus 2.5%), as output increased 3.5% and hours worked increased 0.5%. This follo
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    02 Mar '23 at 8:05 am #54197
    TradersCom
    Keymaster

    Q4 productivity rose 1.7% in the revised reading (consensus 2.5%) versus a 3.0% increase in the prior reading. Q4 unit labor costs rose 3.2% in the revised reading (consensus 1.4%) versus a 1.1% increase in the prior reading.

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