Bloomberg on Nostr: US Labor Costs Rise by Most in a Year as Productivity Cools ========== US labor costs ...
US Labor Costs Rise by Most in a Year as Productivity Cools
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US labor costs increased in the first quarter by the most in a year as productivity gains slowed. Unit labor costs, or what a business pays employees to produce one unit of output after taking into account changes in productivity, climbed at a 4.7% annual rate. This marked a notable jump after muted gains in the second half of 2023. The rise in labor costs could potentially add to risks of elevated inflation.
https://www.bloomberg.com/news/articles/2024-05-02/us-labor-costs-rise-by-most-in-a-year-as-productivity-cools
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US labor costs increased in the first quarter by the most in a year as productivity gains slowed. Unit labor costs, or what a business pays employees to produce one unit of output after taking into account changes in productivity, climbed at a 4.7% annual rate. This marked a notable jump after muted gains in the second half of 2023. The rise in labor costs could potentially add to risks of elevated inflation.
https://www.bloomberg.com/news/articles/2024-05-02/us-labor-costs-rise-by-most-in-a-year-as-productivity-cools