US preliminary nonfarm productivity for 4Q 3.0% versus 2.4% estimate

Preliminary US productivity and unit labor costs for 4Q shows:

• Productivity 3.0% % versus 2.4% expected. Prior quarter 0.8%
• Unit labor costs and .1% % vs 1.5% expected. Prior quarter +2.4%. The gain reflected a 4.1% increase in hourly compensation and a 3.0% increase in productivity
• Output increased by 3.5% and hours were decreased by 0.5%
• From a year ago nonfarm business sector labor productivity fell -1.5%

Productivity increasing is one way to lower inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and a way to increase profitability, and lower unit labor costs

Below is the chart of unit labor costs. The levels are back down toward normal-ish levels after the spike higher in 2022.