Q1 Nonfarm Productivity Fell 0.5%, vs. Cons. -0.6%; Unit Labor Costs Up 2%
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Nonfarm productivity for Q1 (preliminary) fell 0.5%, vs. the economist estimate of a 0.6% drop. The prior reading was revised higher from an initial 0.9% increase to a rise of 1.2%.
Unit labor costs for the quarter were up 2%, vs. the consensus estimate of 2.7%.
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Unit labor costs for the quarter were up 2%, vs. the consensus estimate of 2.7%.
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