Preliminary Q3 2015 US labour costs and productivity data report 5 November 2015
- Prior -1.4%. Revised to -1.8%
- Productivity 1.6% vs -0.2% exp. Prior 3.3%. Revised to 3.5%
Durables saw the only drop in labour costs in the quarter, falling 1.4%. It also saw the biggest gain in productivity, rising 7.3%
Hourly compensation was stronger across the board
US Labour cost and productivity details
The report looks soft on the headline miss from unit costs but the productivity gains make up for that . The labour dept said that a decline in self employed workers led to the first overall drop in working hours in 6 years
