empty
 
 

2018.08.1508:41:00UTC+00U.S. Labor Productivity Jumps More Than Expected In Q2

A report released by the Labor Department on Wednesday showed labor productivity in the U.S. spiked by more than expected in the second quarter, while unit labor costs unexpectedly decreased.

The Labor Department said productivity shot up by 2.9 percent in the second quarter after rising by a revised 0.3 percent in the first quarter.

Economists had expected productivity to jump by 2.3 percent compared to the 0.4 percent increase that had been reported for the previous quarter.

The report also said unit labor costs fell by 0.9 percent in the second quarter after surging up by a revised 3.4 percent in the first quarter.

Labor costs had been expected to rise by 0.3 percent compared to the previously reported 2.9 percent spike in the first quarter.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback