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Economy

Economic Data (USA)

Thursday, May 04, 2023

Productivity and Labor Costs Report for Q1 2023 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2023 (preliminary):

Nonfarm Productivity
Predicted: -1.0%
Actual: -2.7%

  • Change from A Year Ago: -0.9%

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

Unit Labor Costs
Predicted: +4.0%
Actual: +6.3%

  • Change from A Year Ago: +5.8%

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

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


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.


===================
 
CHART: Labor Productivity Q1 2019 Through Q1 2023 (Preliminary)
CHART: Labor Productivity
Q1 2019 Through Q1 2023 (Preliminary)

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

CHART: Unit Labor Costs Q1 2019 Through Q1 2023 (Preliminary)
CHART: Unit Labor Costs
Q1 2019 Through Q1 2023 (Preliminary)


===================
  
 
CHART: Labor Productivity, OutPut and Hours Worked Index Series - Q4 2019 through Q1 2023

  CHART: Labor Productivity, Output
and Hours Worked Index Series
 Q4 2019 through Q1 2023
    
===================
 
From Today's Report
 
"...From the same quarter a year ago, nonfarm business sector labor productivity decreased 0.9%, reflecting a 1.3% increase in output and a 2.3% increase in hours worked. The 0.9-percent productivity decline is the first time the four-quarter change series has remained negative for five consecutive quarters; this series begins in the first quarter of 1948..."
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Friday, June 03, 2022

Productivity and Labor Costs Report for Q1 2022 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2022 (revised):

Nonfarm Productivity
Predicted: -7.5%
Actual: -7.3%

  • Change from A Year Ago: -0.6%

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

Unit Labor Costs
Predicted: +10.0%
Actual: +12.6%

  • Change from A Year Ago: +8.2%

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

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


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.


===================
 
From Today's Report
 
"...Nonfarm business sector labor productivity decreased 7.3% in the first quarter of 2022, the U.S. Bureau of Labor Statistics reported today, as output decreased 2.3 percent and hours worked increased 5.4%. This is the largest decline in quarterly productivity since the third quarter of 1947, when the measure decreased 11.7%. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the same quarter a year ago, nonfarm business sector labor productivity decreased 0.6%, reflecting a 4.2-percent increase in output that was outpaced by a 4.8% increase in hours worked. (See chart 1 and table A1.) This is the largest four-quarter decline since the fourth quarter of 1993, when the measure also declined 0.6%.

Unit labor costs in the nonfarm business sector increased 12.6% in the first quarter of 2022, reflecting a 4.4% increase in hourly compensation and a 7.3% decrease in productivity. Unit labor costs increased 8.2% over the last four quarters. (See chart 2 and tables A1 and 2.) This is the largest four-quarter increase in this measure since another 8.2% increase in the third quarter of 1982. BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. Increases in hourly compensation tend to increase unit labor costs and increases in productivity tend to reduce them..."
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Thursday, May 05, 2022

Productivity and Labor Costs Report for Q1 2022 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2022 (preliminary):

Nonfarm Productivity
Predicted: -5.0%
Actual: -7.5%

  • Change from A Year Ago: -0.6%

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

Unit Labor Costs
Predicted: +10.0%
Actual: +11.6%

  • Change from A Year Ago: +7.2%

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

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


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.


===================
 
 
CHART: Labor Productivity Q1 2018 Through Q1 2022 (Preliminary)

CHART: Labor Productivity
Q1 2018 Through Q1 2022 (Preliminary)


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

 CHART: Unit Labor Costs Q1 2018 Through Q1 2022 (Preliminary)

CHART: Unit Labor Costs
Q1 2018 Through Q1 2022 (Preliminary)


===================
 
From Today's Report
 
"...Nonfarm business sector labor productivity decreased 7.5% in the first quarter of 2022, the U.S. Bureau of Labor Statistics reported today, as output decreased 2.4% and hours worked increased 5.5%. This is the largest decline in quarterly productivity since the third quarter of 1947, when the measure decreased 11.7%. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the same quarter a year ago, nonfarm business sector labor productivity decreased 0.6%, reflecting a 4.2% increase in output that was outpaced by a 4.8% increase in hours worked. This is the largest four-quarter decline since the fourth quarter of 1993, when the measure also declined 0.6%.


Unit labor costs in the nonfarm business sector increased 11.6% in the first quarter of 2022, reflecting a 3.2% increase in hourly compensation and a 7.5% decrease in productivity. Unit labor costs increased 7.2% over the last four quarters. This is the largest four-quarter increase in this measure since an 8.2% increase in the third quarter of 1982..."
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Thursday, February 03, 2022

Productivity and Labor Costs Report for Q4 2021 (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 2021 (preliminary):

Nonfarm Productivity
Predicted: +5.0%
Actual: +6.6%

  • Change from A Year Ago: +2.0%

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

Unit Labor Costs
Predicted: +0.5%
Actual: +0.3%

  • Change from A Year Ago: +3.1%

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

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


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.


===================
  

Chart: Labor Productivity Q1 2021 Through Q4 2021 (Preliminary)

Chart: Labor Productivity
Q1 2017 Through Q4 2021 (Preliminary)

 ===================

 

Chart: Unit Labor Costs Q1 2021 Through Q4 2021 (Preliminary)

Chart: Unit Labor Costs
Q1 2017 Through Q4 2021 (Preliminary)

  ===================

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Wednesday, December 08, 2021

Productivity and Labor Costs Report for Q3 2021 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2021 (revised):

Nonfarm Productivity
Predicted: -5.0%
Actual: -5.2%

  • Change from A Year Ago: -0.6%

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

Unit Labor Costs
Predicted: +9.0%
Actual: +9.6%

  • Change from A Year Ago: +6.3%

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

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


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.


===================
 

 Chart: Labor Productivity | Q1 2017 Through Q3 2021 (Revised)

Chart: Labor Productivity
Q1 2017 Through Q3 2021 (Revised)

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

  

Chart: Unit Labor Costs | Q1 2017 Through Q3 2021 (Revised)

 Chart: Unit Labor Costs
Q1 2017 Through Q3 2021 (Revised)

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

 

From Today's Report:

"...Nonfarm business sector labor productivity decreased 5.2 percent in the third quarter of 2021, the U.S. Bureau of Labor Statistics reported today, as output increased 1.8 percent and hours worked increased 7.4 percent. This is the largest decline in quarterly productivity since the second quarter of 1960, when the measure decreased 6.1..."

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Tuesday, December 10, 2019

Productivity and Labor Costs Report for Q3 2019 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2019 (revised):

Nonfarm Productivity
Predicted: -0.1%
Actual: -0.2%

  • Change from A Year Ago: +1.5%

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

Unit Labor Costs
Predicted: +3.4%
Actual: +2.5%

  • Change from A Year Ago: +2.2%

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

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


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.


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

Chart: Labor Productivity | Q1 2015 Through Q3 2019 (Revised)
Chart: Labor Productivity | Q1 2015 Through Q3 2019 (Revised)

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

Chart: Unit Labor Costs | Q1 2015 Through Q3 2019 (Revised)
Chart: Unit Labor Costs | Q1 2015 Through Q3 2019 (Revised)

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

  • The preliminary productivity report for Q4 2019 is scheduled to be released on Thursday, February 6, 2020.
 
===================


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Thursday, September 05, 2019

Productivity and Labor Costs Report for Q2 2019 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2019 (revised):

Nonfarm Productivity
Predicted: +2.3%
Actual: +2.3%

  • Change from A Year Ago: +1.8%

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

Unit Labor Costs
Predicted: +2.4%
Actual: +2.6%

  • Change from A Year Ago: +2.6%

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

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


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.


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

Chart: Labor Productivity - Q1 2015 Through Q2 2019 (Revised)
Chart: Labor Productivity | Q1 2015 Through Q2 2019 (Revised)


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


Chart: Unit Labor Costs | Q1 2015 Through Q2 2019 (Revised)
Chart: Unit Labor Costs | Q1 2015 Through Q2 2019 (Revised)

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

  • The revised productivity report for Q3 2019 is scheduled to be released on Tuesday, December 10, 2019.
 
===================


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Thursday, June 06, 2019

Productivity and Labor Costs Report for Q1 2019 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2019 (revised):

Nonfarm Productivity
Predicted: +3.4%
Actual: +3.4%

Change from A Year Ago: +2.4%

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

Unit Labor Costs
Predicted: -0.8%
Actual: -1.6%

Change from A Year Ago: -0.8%

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

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


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.


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

Chart: Labor Productivity - Q1 2015 Through Q1 2019 (Revised)
Chart: Labor Productivity - Q1 2015 Through Q1 2019 (Revised)

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

Chart: Unit Labor Costs | Q1 2015 Through Q1 2019 (Revised)
Chart: Unit Labor Costs | Q1 2015 Through Q1 2019 (Revised)

 ===================

  • The preliminary productivity report for Q2 2019 is scheduled to be released on Thursday, August 15, 2019.
 
===================


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Thursday, December 06, 2018

Productivity and Labor Costs Report for Q3 2018 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2018 (revised):

Nonfarm Productivity
Predicted: +2.3%
Actual: +2.3%

Change from A Year Ago: +1.3%

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

Unit Labor Costs
Predicted: +1.1%
Actual: +0.9%

Change from A Year Ago: +0.9%

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

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


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.


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

  • The preliminary productivity report for Q4 2018 is scheduled to be released on Wednesday, February 6, 2019.
 
===================


 ===================



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Thursday, November 01, 2018

Productivity and Labor Costs Report for Q3 2018 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2018 (preliminary):

Nonfarm Productivity
Predicted: +2.3%
Actual: +2.2%

Change from A Year Ago: +1.3%

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

Unit Labor Costs
Predicted: +1.1%
Actual: +1.2%

Change from A Year Ago: +1.5%

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

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


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.


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

  • The revised Q3 2018 productivity report is scheduled to be released on Wednesday, December 5, 2018.
 
===================


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Thursday, September 06, 2018

Productivity and Labor Costs Report for Q2 2018 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2018 (revised):

Nonfarm Productivity
Predicted: +3.0%
Actual: +2.9%

Change from A Year Ago: +1.3%

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

Unit Labor Costs
Predicted: -1.0%
Actual: -1.0%

Change from A Year Ago: +1.9%

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

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


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.




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Wednesday, August 15, 2018

Productivity and Labor Costs Report for Q2 2018 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2018 (preliminary):

Nonfarm Productivity
Predicted: +2.5%
Actual: +2.9%

Change from A Year Ago: +1.3%

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

Unit Labor Costs
Predicted: -0.2%
Actual: -0.9%

Change from A Year Ago: +1.9%

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

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


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.




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Wednesday, June 06, 2018

Productivity and Labor Costs Report for Q1 2018 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2018 (revised):

Nonfarm Productivity
Predicted: +0.7%
Actual: +0.4%

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

Unit Labor Costs
Predicted: +2.8%
Actual: +2.9%

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

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


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.




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Thursday, May 03, 2018

Productivity and Labor Costs Report for Q1 2018 (Preliminary)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2018 (preliminary):

Nonfarm Productivity
Predicted: +0.9%
Actual: +0.7%

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

Unit Labor Costs
Predicted: +3.0%
Actual: +2.7%

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

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


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.




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Wednesday, March 07, 2018

Productivity and Labor Costs Report for Q4 2017 (Revised)

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 (revised):

Nonfarm Productivity
Predicted: -0.1%
Actual: 0.0%

  • Change from 12 Months Previous (Y/Y): +1.1%

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

Unit Labor Costs
Predicted: +2.2%
Actual: +2.5%

  • Change from 12 Months Previous (Y/Y): +1.7%

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

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, Revised
Labor Productivity, Q4 2017, Revised

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

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

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

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.







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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.




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Wednesday, December 06, 2017

Productivity and Labor Costs Report for Q3 2017 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the third quarter of 2017 (revised):

Nonfarm Productivity
Predicted: +3.2%
Actual: +3.0%

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

Unit Labor Costs
Predicted: +0.3%
Actual: -0.2%

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

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


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.)

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Thursday, November 02, 2017

Productivity and Labor Costs Report for Q3 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 third quarter of 2017 (preliminary):

Nonfarm Productivity
Predicted: +2.5%
Actual: +3.0%

Reading from Previous Quarter, Revised: +1.5%

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

Unit Labor Costs
Predicted: +0.6%
Actual: +0.5%

Reading from Previous Quarter, Revised: +0.2%

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

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

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


Labor Productivity, Q3 2017
Labor Productivity, Q3 2017

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


Unit Labor Costs, Q3 2017
Unit Labor Costs, Q3 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.

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



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Thursday, September 07, 2017

Productivity and Labor Costs Report for Q2 2017 (Revised)

Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2017 (revised):

Nonfarm Productivity
Predicted: +1.3%
Actual: +1.5%

Revised Reading from Previous Quarter: 0.0%

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

Unit Labor Costs
Predicted: +0.3%
Actual: +0.2%

Revised Reading from Previous Quarter: +2.2%

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

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

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


Labor Productivity, Q2 2017 (Revised)
Labor Productivity, Q2 2017 (Revised)

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


Unit Labor Costs, Q2 2017 (Revised)
Unit Labor Costs, Q2 2017 (Revised)

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


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.)

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Wednesday, August 09, 2017

Productivity and Labor Costs Report for Q2 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 second quarter of 2017 (preliminary):

Nonfarm Productivity
Predicted: +0.8%
Actual: +0.9%

Reading from Previous Quarter, Revised: +0.1%

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

Unit Labor Costs
Predicted: +1.3%
Actual: +0.6%

Reading from Previous Quarter, Revised: +5.4%

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

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

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

Labor Productivity, Q2 2017
Labor Productivity, Q2 2017
=============


Unit Labor Costs, Q2 2017
Unit Labor Costs, Q2 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.

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

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