US Q1 prelim non-farm productivity +5.4% vs +4.3% expected
US first quarter productivity data
- Prior was -4.2%
- Q4 unit labor costs -0.3% vs -1.0% exp
- Prior unit labor costs +6.0%
These numbers have bounced around with layoffs and re-hiring skewing productivity and costs higher and lower.
There is no read-through on this to the economy.