Q1 2015 US labour cost revisions data report 4 June 2014
- Prior 5.0%
- Productivity -3.1 % vs -2.9% exp. Prior -1.9%
A bit of a mixed bag is this lot. While productivity drops, which is negative for the economy, labour costs rising add to the inflation upside. It's a pretty bad revision and that might weigh on the final Q1 GDP reading. Productivity will need to rise in Q2, along side wages otherwise it could put the US in a tight spot if inflation starts rising while the economy stumbles
US Q1 2015 revised productivity and labour costs
