International Economic
US unit labour cost growth exceeds forecasts in Q1
By Alexander Bueso
Date: Thursday 02 May 2024
(Sharecast News) - Workers' productivity in the U.S. slowed more sharply than anticipated at the start of 2024, pushing labour costs much higher.
According to the Department of Labor, in seasonally adjusted terms labour productivity grew at a quarter-on-quarter pace of 0.3% over the three months ending in March (consensus: 0.8%).
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