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US OUTLOOK/OPINION

Recession Consensus Mounts: "40+% Chance" Views (2/4)

US OUTLOOK/OPINION

Recession Consensus Mounts: "Growth Recession" Views (1/4)

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Release for: Second Quarter 2017  (preliminary)
Source: U.S. Labor Department
Index 2009=100
                                           Real    Unit    Non-   Impl.
         Produc           Hours  Compen  compen   labor   labor   price
         tivity  Output  worked  sation  sation   costs   costs  defltr
Percent change from previous quarter at annual rate:
2Q-17        0.9     3.4     2.5     1.6     1.9     0.6     0.5     0.6
1Q-17        0.1     1.8     1.6     5.5     2.3     5.4    -4.6     0.9
4Q-16        1.3     2.2     1.0    -5.1    -7.9    -6.3    14.8     2.3
3Q-16        2.5     3.3     0.8     2.3     0.5    -0.2     3.5     1.3
2Q-16        0.8     2.5     1.7     5.3     2.9     4.4    -0.7     2.2
Percent change, year/year:
2Q-17        1.2     2.7     1.5     1.0    -0.9    -0.2     3.3     1.3
1Q-17        1.2     2.5     1.3     1.9    -0.7     0.7     3.0     1.7
4Q-16        0.8     2.1     1.2    -0.6    -2.3    -1.4     5.9     1.7
3Q-16       -0.1     1.6     1.7     1.8     0.7     2.0     0.0     1.1
2Q-16       -0.4     1.1     1.5     1.5     0.4     2.0    -0.1     1.1
Index
2Q-17      107.9   123.0   114.0   117.4   103.2   108.8   115.8   111.7
1Q-17      107.7   122.0   113.3   116.9   102.8   108.6   115.6   111.5
4Q-16      107.6   121.4   112.8   115.4   102.2   107.2   117.0   111.3
3Q-16      107.3   120.8   112.5   116.9   104.3   108.9   113.1   110.7
2Q-16      106.6   119.8   112.3   116.2   104.2   109.0   112.1   110.3
     ** MNI Washington Bureau: (202) 371-2121 **
[TOPICS: MAUDA$,MAU3P$]

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