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US Q3 unit labor csts +2.4% vs +3.1% expected

US Q3 unit labor csts +2.4% vs +3.1% expected

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Adam Button
07/12/2022 | 13:30 GMT
  • Prelim was +3.5%
  • Prelim was 3.5%
  • Prior quarter was 8.9%
  • Productivity +0.8% vs +0.6% exp

This is lagging data but good news on the inflation front. It's not a market mover and it's extremely difficult (and unreliable) to measure but it's what the Fed wants to see.

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