Nonfarm Productivity

August 14, 2020 Non-farm productivity surged by 7.3% in the second quarter after declining 0.3% in the first quarter.  But the Q2 result was significantly impacted by the recession.  In the second quarter  output fell by 38.9% while hours worked declined even more...

Unit Labor Costs

August 14 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...

Hourly Compensation

August 14, 2020 The Bureau of Labor Statistics initially indicated that hourly compensation jumped 20.4% in the second quarter after having risen 9.4% in the first quarter after having risen 3.4% in the fourth quarter.  However, the Q2 jump undoubtedly reflects the...