The Numbers
US Productivity Declines, Unit Labor Costs Rise
Unit labor costs in the US nonfarm business sector surged 8.3% in Q3 following Q2’s 1.1%, beating expectations of 7.0%. T increase in unit labor costs reflects both lower productivity and higher hourly compensation. Nonfarm productivity fell 5.0% …
Interested in reading the full Daily Insight?
Read the full insight with instant access.
BCA Research | Daily Insights
Concise macro insight that cuts through daily noise, helping clients stay informed on what matters in markets, why it matters, and how to talk about it, without spending hours reading research.
Stay Connected with BCA
Get our latest events and research insights delivered to your inbox.