Productivity revised up, labor costs revised lower in second Q2 prints

5 days ago 1
Close-up of woman professional with infographic report on digital tablet in office

Luis Alvarez

Nonfarm labor productivity climbed 3.3% at an annualized rate in Q2, exceeding the +2.8% expected and +2.4% in the preliminary estimate, according to preliminary data released by the U.S. Department of Labor on Thursday. The latest reading comes in stark contrast to the 1.8% decrease recorded in Q1.

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