- Prior 0.5% Q1 final
- Q2 Labour costs 1.4% vs 1.2% exp. Prior -4.3%
Labour costs rising and above expectations will add to the inflation equation
In the sectors the biggest increase in labour costs was non durables which rose to 2.8% from -4.8%. In productivity the non-farm sector rose to 0.9% from -1.7% in Q1.
Given the swings from Q1 prelim figures to revisions you could probably drive a bus through the differences when they’re finalised.
US productivity and labour costs 16 08 2013
