US Q4 unit labor costs +2.2% vs +3.0% expected

  • US productivity and labor cost data
Unit labor costs
Unit labor costs
  • Prelim was +3.0%
  • Prior was +0.5%
  • Productivity +1.5% vs +1.2% prelim
  • Prior was +2.3%

These numbers are good news for the Federal Reserve.

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