Nonfarm Productivity

September 5, 2019 Non-farm productivity climbed 2.3% in the second quarter after having jumped 3.5% in the first quarter.   During the course of the past year productivity has risen 1.8%.  The 2.3% increase in the second quarter consists of a 1.9% increase in output...

Unit Labor Costs

September 5, 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...

Hourly Compensation

September 5, 2019 The Bureau of Labor Statistics indicated that hourly compensation rose 4.8% in the second quarter after having surged 9.1% in the first quarter.  This means that over the past year hourly compensation has climbed by a solid 4.4%.  That is the largest...