Q1 prelim US labor costs +11.6% vs +9.9% expected

05/05/2022 | 12:27 GMT

US labor costs and productivity data

Prior was +0.9% (revised to +1.0%)
Productivity -7.5% vs -5.4% expected
Prior productivity +6.6% (revised to +6.3%)

This report puts a big dent in Blackrock's argument that wages can rise without inflation because of improving productivity.

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