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US Q1 unit labor costs +12.6% vs +11.6% expected

US Q1 unit labor costs +12.6% vs +11.6% expected

News
Adam Button
02/06/2022 | 12:29 GMT
  • Revisions to Q1 productivity data
  • Prelim reading was +11.6%
  • Q4 was +1.0%
  • Productivity -7.3% vs -7.5% expected
  • Prelim productivity -7.5%
  • Prior +6.3%

This is stale data but it's something the Fed is watching closely as wages go up.

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