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


Economic Data (USA)

Thursday, February 01, 2018

Productivity and Labor Costs Report for Q4 2017 (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 2017 (preliminary):

Nonfarm Productivity
Predicted: +1.1%
Actual: -0.1%

Reading from Previous Quarter, Revised: +2.7%


Unit Labor Costs
Predicted: +0.9%
Actual: +2.0%

Reading from Previous Quarter, Revised: -0.1%


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


Labor Productivity, Q4 2017
Labor Productivity, Q4 2017


Unit Labor Costs, Q4 2017
Unit Labor Costs, Q4 2017


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.

Labels: , , , ,

--> www.FedPrimeRate.com Privacy Policy <--




Entire Website © 2023 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.