• Prior 2.0%
  • Labour costs -1.0% vs -0.2% exp. Prior 0.3%

That’s a heck of a drop in labour costs and hourly compensation shows that wages are still subdued.

US non-farm productivity and labour costs 03 12 2014

US non-farm productivity and labour costs 03 12 2014

US non-farm productivity and labour costs chart 03 12 2014

US non-farm productivity and labour costs chart 03 12 2014