by sslifer | Mar 5, 2020 | NumberNomics Notes, Productivity
March 5, 2020 Non-farm productivity climbed 1.2% in the fourth quarter after having declined 0.3%in the third quarter. During the course of the past year productivity has risen 1.8%. The 1.2% increase in the third quarter consists of a 2.4% increase in output...
by sslifer | Mar 5, 2020 | NumberNomics Notes, Productivity
March 5, 2020 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 5, 2020 | NumberNomics Notes, Productivity
March 5, 2020 The Bureau of Labor Statistics initially indicated that hourly compensation rose 2.1% in the fourth quarter after declining 0.1% in the third quarter. The year-over-year increase is now 3.5%. As a result of these changes we expect compensation to...
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