by sslifer | Jun 4, 2020 | NumberNomics Notes, Productivity
June 4, 2020 Non-farm productivity fell 0.9% in the first quarter after having climbed 1.2% in the fourth quarter. The 0.9% drop in the first quarter consists of a 6.7% decline in output combined with a 5.8% decline in hours worked. Stephen Slifer NumberNomics...
by sslifer | Jun 4, 2020 | NumberNomics Notes, Productivity
June 4, 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 | Jun 4, 2020 | NumberNomics Notes, Productivity
June 4, 2020 The Bureau of Labor Statistics initially indicated that hourly compensation rose 4.1% in the first quarter after having risen 3.4% in the fourth quarter. Growth in hourly compensation is a good thing, but some of that increase can be offset by inflation. ...
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