US Q2 unit labor costs +10.2% vs +10.7% expected

  • US Q2 productivity data
  • Prelim was +10.8%
  • Prior was +12.7%
  • Productivity -4.1% vs -4.5% expected
  • Prelim productivity was -4.6%
  • Prior productivity was -7.4%

These numbers are notoriously difficult to calculate but the revisions paint a slightly less-dire view of inflation and wage escalation.

Top Brokers

Sponsored

General Risk Warning