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.
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.
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posted by Steve Brown | 2/02/2006 06:38:00 PM
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