by sslifer | Mar 2, 2023 | NumberNomics Notes, Productivity
March 2, 2023 Non-farm productivity rose 1.7% in the fourth quarter after having climbed by 1.2% in the third quarter. But productivity sank by 3.8% in the second quarter after having plunged by 6.1% in the first quarter. The fourth quarter increase consisted of a...
by sslifer | Mar 2, 2023 | NumberNomics Notes, Productivity
March 2, 023 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...
by sslifer | Mar 2, 2023 | NumberNomics Notes, Productivity
March 2, 2023 The Bureau of Labor Statistics indicated that hourly compensation rose 4.9% in the fourth quarter after having jumped by 8.2% in the third quarter, 2.6% in the second quarter and 1.9% in the first quarter. In the past year compensation has risen 4.0%....
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