Quarter 4 Labor Cost Report Shows Modest Increase in US
Thursday, 7 March 2024, 13:30
US Q4 Labor Cost Update
The US Q4 unit labor costs increased by 0.4%, slightly below the expected 0.6%.
Details:
- Preliminary reading was +0.5%
- Prior reading was -1.1%
- Productivity increased by 3.2% compared to the expected 3.1% prelim reading
These figures suggest a mixed scenario in labor costs and productivity performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.