by sslifer | Sep 5, 2024 | NumberNomics Notes, Productivity
September 5, 2024 Non-farm productivity rose 2.5% in the second quarter after rising 0.4% in the first quarter after having climbed 3.5% in the fourth quarter after having jumped 4.6% in the third quarter. The second quarter increase consisted of a 3.5% increase in...
by sslifer | Sep 5, 2024 | NumberNomics Notes, Productivity
September 5, 2024 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 | Sep 5, 2024 | NumberNomics Notes, Productivity
September 5, 2024 The Bureau of Labor Statistics indicated that hourly compensation rose 3.0% in the second quarter, after climbing 4.2% in the first quarter, 0.6% in the fourth quarter snf 4.6% in the third quarter. In the past year compensation has risen 3.1%....
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