The final revision for US nonfarm productivity and Unit labor costs
- US nonfarm productivity for 1Q final 3.4% versus 3.5% estimate. The preliminary estimate was 3.6%
- unit labor costs -1.6% versus -0.9% estimate. The prior estimates was -0.9%.
The thing that sticks out is the unit labor costs at -1.6%. US companies are getting strong growth with low labor costs.
