Nonfarm Productivity

November 6, 2019 Non-farm productivity edged lower in the third quarter by 0.3% after solid gains of 2.5% in the second quarter and 3.5% in the first quarter.   During the course of the past year productivity has risen 1.4%.  The 0.3% decline in the second quarter...

Unit Labor Costs

November 6, 2019 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

November 6, 2019 The Bureau of Labor Statistics indicated that hourly compensation rose 3.2% in the third quarter after jumping 4.8% in the second quarter and 9.1% in the first quarter.  This means that over the past year hourly compensation has climbed by a solid...