Q4 2016 US labour costs 1.7% vs 1.6% exp

Q4 2016 US labour costs and productivity revisions 8 February 2017

• Prior 1.7%

• Productivity 1.3% vs 1.5% exp. Prior 1.3%

Pretty much as you were.

An improvement in labour costs over Q3 but productivity stood at 3.5% in Q3, so disappointing. No on is really watching this right this minute though.