US Q1 unit labor costs +4.7% vs +3.3% expected
Prior was +0.4% (revised to 0.0%Productivity +0.3% vs +0.8% expectedPrior productivity +3.2% (revised to +3.5%)The higher unit labor costs are a tough sign for markets already worried about rising wages. The prior revisions mitigates it, but only a bit. I would warn that these numbers are difficult to measure and often revised. This article was written by Adam Button at www.forexlive.com.
- Prior was +0.4% (revised to 0.0%
- Productivity +0.3% vs +0.8% expected
- Prior productivity +3.2% (revised to +3.5%)
The higher unit labor costs are a tough sign for markets already worried about rising wages. The prior revisions mitigates it, but only a bit. I would warn that these numbers are difficult to measure and often revised.
