- Analytics
- News and Tools
- Market News
- US labour productivity increases more than expected in the second quarter
US labour productivity increases more than expected in the second quarter
The preliminary data from the U.S. Labour Department showed Wednesday that labour productivity in the United States rose 0.9 percent q-o-q in the second quarter, as output boosted 3.4 percent q-o-q and hours worked increased 2.5 percent q-o-q (seasonally adjusted). That exceeded economists' forecast for a 0.7 percent q-o-q gain after initially reported flat performance in the first quarter. The first quarter reading was revised to +0.1 percent. In y-o-y terms, the labor productivity rose 1.2 percent in the second quarter, reflecting a 2.7-percent surge in output and a 1.5-percent increase in hours worked.
Meanwhile, unit labor costs in the nonfarm business sector in the second quarter rose 0.6 percent compared to a 5.4 percent q-o-q growth in the prior quarter (revised from +2.2 percent). Economists had forecast a 1.2 percent gain in second-quarter unit labor costs. Unit labor costs quarterly growth reflected a 1.6-percent q-o-q increase in hourly compensation and a 0.9-percent q-o-q gain in productivity. Compared to the corresponding period of 2016, unit labor costs fell 0.2 percent.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
