Nonfarm Productivity

September 2, 2021 Non-farm productivity rose 2.1% in the second quarter after rising 4.3% in the first quarter. The second quarter increase consisted of an 8.1% increase in output combined with a 6.0% increase in hours worked. Hence, a 2.1% increase  in productivity...

Unit Labor Costs

September 2, 2021 Unit labor costs might be a term that is not familiar to you.  Unit labor costs represent the increase in compensation adjusted for the gains in productivity.  You might think that if labor costs are rising that would put upward pressure on...

Hourly Compensation

September 2, 2021 The Bureau of Labor Statistics  indicated that hourly compensation rose 3.4% in the second quarter after climbing  1.4% in the first quarter.  In the six quarters since the expansion ended in the fourth quarter of 2019  — which includes both...