by sslifer | Sep 4, 2025 | NumberNomics Notes, Productivity
Sepember 4, 2025 Non-farm productivity rose 3.3% in the second quarter after having declined 1.8% in the first quarter The second quarter growth rate consisted of a 4.4% increase in output combined with a 1.1% increase in hours worked. Hence, a 3.3% increase in...
by sslifer | Sep 4, 2025 | NumberNomics Notes, Productivity
September 4, 2025 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 4, 2025 | NumberNomics Notes, Productivity
September 4, 2025 The Bureau of Labor Statistics indicated that hourly compensation rose 4.3% in the second quarter after climbing 5.0% in the first quarter In the past year compensation has risen 4.0%. Growth in hourly compensation is a good thing, but that...
Follow Me