Productivity

1 post
Some Bad & Good News On Unit Labor Costs public
Productivity 1 min read

Some Bad & Good News On Unit Labor Costs

Contributing to the stock market selloff today was more bad news on the inflation front. Nonfarm business (NFB) productivity dropped 7.5% (saar) during Q1. It wasn’t as bad on a y/y basis, falling just 0.6%. It’s a very volatile series on a q/q basis and even on a y/y basis.…
Dr Ed Yardeni
Dr Ed Yardeni
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