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



Economy

Economic Data (USA)

Thursday, February 02, 2017

Productivity and Labor Cost Report for Q4 2016 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the fourth quarter of 2016 (preliminary):

Nonfarm Productivity
Predicted: +1.2%
Actual: +1.3%

Previous Reading, Revised: +3.5%

=============

Unit Labor Costs
Predicted: +1.8%
Actual: +1.7%

Previous Reading, Revised: +0.2%

=============

The yellow-highlighted figures represent the quarter-to-quarter change in non-farm productivity and unit labor costs.

=============

Labor Productivity, Q4 2016 (Preliminary)
Labor Productivity, Q4 2016 (Preliminary)

=============

Unit Labor Costs, Q4 2016 (Preliminary)
Unit Labor Costs, Q4 2016 (Preliminary)

=============

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 "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

Labels: , ,


>  SITEMAP  <

Links to this post:

Create a Link

<< Home


www.FedPrimeRate.com
Entire Website © 2017 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.