.comment-link {margin-left:.6em;}


Economic Data (USA)

Thursday, February 02, 2006

Quarterly Productivity and Labor Cost Report Released Today

The quarterly Non-farm Productivity and Unit Labor Costs report has been released:

Non-farm Productivity
Consensus: 1.7 %
Actual: -0.6 %

Unit Labor Costs
Consensus: 2.8 %
Actual: 3.5 %

The above percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs.

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "consensus" is what economists were expecting, while the "actual" is the actual or real figure.



Post a Comment

<< Home



Entire Website © 2022 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.