US DATA: 3Q productivity rev down to +2.3% SAAR vs prel +3.1% and unrev
-0.1% 2Q, while unit labor costs -2.5% vs prel -2.4% and 2Q rev -0.1%
(was +2.8%). 3Q productivity growth high since 1Q10, ULC low since that
same quarter. Analysts expected ULC to be revised up on the downward
productivity revision, but compensation was rev down to -0.2% vs prel
+0.6%. Output now +3.2% (prel +3.8%), hrs worked +0.8% (prel +0.6%). Y/Y
productivity now +0.9% (prel +1.1%), Y/Y ULC +0.4% (prel +1.2%)
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US DATA: 3Q productivity rev down to +2.3% SAAR vs…
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