Portfolio

US labour productivity growth beats forecasts in the first quarter

By Alexander Bueso

Date: Thursday 06 May 2021

US labour productivity growth beats forecasts in the first quarter

(Sharecast News) - Labour productivity in the US rebounded more sharply than expected at the start of 2020.
According to the Department of Labor, in seasonally adjusted terms, non-farm labour productivity grew at a quarter-on-quarter annualised pace of 5.4% (consensus: 3.7%).

Unit labour costs meanwhile dipped by 0.3%, less than the 0.8% drop that economists had penciled-in, although that shortfall was offset by an upwards revision to the prior quarter's estimate from 6.0% to 5.6%.



Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange Market.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page