by sslifer | Dec 10, 2019 | NumberNomics Notes, Productivity
December 10, 2019 Non-farm productivity edged lower in the third quarter by 0.2% which compares to a preliminary reading of a decline of 0.3%. This small drop follows solid gains of 2.5% in the second quarter and 3.5% in the first quarter. During the course of...
by sslifer | Dec 10, 2019 | NumberNomics Notes, Productivity
December 10, 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...
by sslifer | Dec 10, 2019 | NumberNomics Notes, Productivity
December 10, 2019 The Bureau of Labor Statistics initially indicated that hourly compensation rose 3.2% in the third quarter. Upon revision that increase was cut substantially to a 2.3% increase. At the same time the second quarter increase was revised downward from...
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