USD Revised Unit Labor Costs q/q
While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released a month apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;
- USD Revised Unit Labor Costs q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 6, 2024 | 4.0% | 4.8% | 4.7% |
Mar 7, 2024 | 0.4% | 0.7% | 0.5% |
Dec 6, 2023 | -1.2% | -0.9% | -0.8% |
Sep 7, 2023 | 2.2% | 1.8% | 1.6% |
Jun 1, 2023 | 4.2% | 6.2% | 6.3% |
Mar 2, 2023 | 3.2% | 1.6% | 1.1% |
Dec 7, 2022 | 2.4% | 3.1% | 3.5% |
Sep 1, 2022 | 10.2% | 10.8% | 10.8% |
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- USD Revised Unit Labor Costs q/q News
Nonfarm business sector labor productivity increased 0.2 percent in the first quarter of 2024, the U.S. Bureau of Labor Statistics reported today, as output increased 0.9 percent and hours worked increased 0.6 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the same quarter a year ago, nonfarm business sector labor productivity increased 2.9 percent, the largest four-quarter increase since the first quarter of 2021, when the measure increased 5.9 percent. (See table A1.) Unit labor ...
Nonfarm business sector labor productivity increased 3.2 percent in the fourth quarter of 2023, the U.S. Bureau of Labor Statistics reported today, as output increased 3.5 percent and hours worked increased 0.3 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the same quarter a year ago, nonfarm business sector labor productivity increased 2.6 percent. (See table A1.) Annual average productivity increased 1.3 percent from 2022 to 2023. (See table C1.) Unit labor costs in the nonfarm ...
Nonfarm business sector labor productivity increased 5.2 percent in the third quarter of 2023, the U.S. Bureau of Labor Statistics reported today, as output increased 6.1 percent and hours worked increased 0.9 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) The increase in labor productivity is the highest rate since the third quarter of 2020, when productivity increased 5.7 percent. From the same quarter a year ago, nonfarm business sector labor productivity increased 2.4 percent. (See ...
Nonfarm business sector labor productivity increased 3.5 percent in the second quarter of 2023, the U.S. Bureau of Labor Statistics reported today, reflecting a 0.2-percentage point downward revision from the preliminary estimate. Output increased 1.9 percent and hours worked decreased 1.5 percent in the second quarter of 2023. The decline in hours worked is the first decline since the second quarter of 2020 and was the result of a 1.5-percent decline in average weekly hours; employment was unchanged. (All quarterly percent changes ...
The labor market continued to show resilience today (claims and ADP solid) ahead of tomorrows payrolls print (but wage growth slowed) but job gains were fragmented. At the same time, the manufacturing side of the economy continued to deteriorate significantly (along with prices), productivity was revised ugly, but construction increased more than expected. So take your pick on that smorgasbord. FedSpeak continued to push the idea of a skip/pause in June with Phily Fed's Patrick Harker saying “I do believe that we are close to the ...
GBP futures rise for a fourth day, hitting a 12-session high. Dan Deming examines.
Nonfarm business sector labor productivity decreased 2.1 percent in the first quarter of 2023, the U.S. Bureau of Labor Statistics reported today, as output increased 0.5 percent and hours worked increased 2.6 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) Labor productivity was revised up 0.6 percentage point, the combined effect of a 0.3-percentage point upward revision to output and a 0.4-percentage point downward revision to hours worked. From the same quarter a year ago, nonfarm ...
The run of worse than expected (global) inflation-related news continues to ripple through markets, the latest culprits being core Eurozone CPI and revised US Q4 unit labour costs. 10-year US Treasuries were already pushing above 4% during yesterday’s Tokyo session and bearish curve steepening has been the order of the European and US trading days, US 2s currently +3bps and 10s +8bps (to 4.07%) relative to Wednesday’s New York close. Yields are though back slightly from the highs following comments from Atlanta Fed president Raphael ...
Released on Jun 6, 2024 |
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Released on Mar 7, 2024 |
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Released on Dec 6, 2023 |
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Released on Sep 7, 2023 |
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Released on Jun 1, 2023 |
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Released on Mar 2, 2023 |
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