U.S. Q3 non-farm productivity preliminary data
SPY•U.S. non-farm productivity rose at a 3.6% annual rate in Q3, above the 2.8% economist forecast, while unit labor costs fell 0.7%, against a forecast increase of 0.6%.
1. Q3 productivity and costs
U.S. non-farm productivity increased at a seasonally adjusted annual rate of 3.6% in Q3, while unit labor costs declined 0.7%. Economists had forecast productivity growth of 2.8% and a 0.6% increase in unit labor costs.
