Free Trial

Q2 nonfarm productivity unrev at +2.9% vs...>

US DATA
US DATA: Q2 nonfarm productivity unrev at +2.9% vs +3.0% expected 
as both output growth and hours worked growth were revised up slightly.
- As a result, unit labor costs rev down to -1.0% vs -0.9% expected.  
- For Q1, productivity unrev at +0.3%, and ULC unrev at +3.4%, so 
overall, the report contains minor revisions.
- Nonfarm productivity +1.3% y/y vs +1.0% in Q1, while ULC +1.9% y/y vs 
+2.0% y/y in Q1.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.