Friday , 20 September 2024
Home Forex US Q1 revised non-farm productivity +0.2% vs +0.3% q/q prelim
Forex

US Q1 revised non-farm productivity +0.2% vs +0.3% q/q prelim

  • Unit labour costs +4.0% vs +4.7% q/q prelim

From the
same quarter a year ago, non-farm business labor productivity increased by 2.9%. That marks the largest
four-quarter increase since the Q1 2021. Meanwhile, the labour cost split shows a 4.2% increase in hourly compensation and 0.2% increase in productivity.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Crude Oil Technical Analysis – Testing a key resistance

Fundamental OverviewCrude oil continues to remain supported as the buyers might be...

BOE’s Mann: Policy needs to stay restrictive to purge inflationary behaviours

It is better to remain restrictive for longerWe can cut more aggressively...

Gold Technical Analysis – The fall in real yields drives the price higher

Fundamental OverviewThe Fed this week finally started its easing cycle and decided...

BOJ governor Ueda: Easy monetary conditions are in place as real rates remain negative

US economy achieving soft landing is our main scenarioIf US economy achieves...