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

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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