US Labor Costs Rise by Most in a Year as Productivity Cools
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US labor costs increased in the first quarter by the most in a year as productivity gains slowed. Unit labor costs, or what a business pays employees to produce one unit of output after taking into account changes in productivity, climbed at a 4.7% annual rate. This marked a notable jump after muted gains in the second half of 2023. The rise in labor costs could potentially add to risks of elevated inflation.
https://www.bloomberg.com/news/articles/2024-05-02/us-labor-costs-rise-by-most-in-a-year-as-productivity-cools
Bloomberg /
npub187…70f8h
2024-05-02 15:38:34
Author Public Key
npub187n6qweaywrseqqr94653h8knmw2mjlucy06yk4qt4ygw9uekhss470f8hPublished at
2024-05-02 15:38:34Event JSON
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"content": "US Labor Costs Rise by Most in a Year as Productivity Cools\n==========\n\nUS labor costs increased in the first quarter by the most in a year as productivity gains slowed. Unit labor costs, or what a business pays employees to produce one unit of output after taking into account changes in productivity, climbed at a 4.7% annual rate. This marked a notable jump after muted gains in the second half of 2023. The rise in labor costs could potentially add to risks of elevated inflation.\n\n\n\nhttps://www.bloomberg.com/news/articles/2024-05-02/us-labor-costs-rise-by-most-in-a-year-as-productivity-cools",
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