U.S. Q1 Labor Productivity, Costs Growth Revised Lower

U.S. nonfarm business sector productivity slowed more than initially estimated in the first quarter, while unit labor costs increased less than expected, according to revised Labor Department data. The report is broadly mixed for inflation and growth signals, with weaker productivity potentially offset by softer labor cost pressure.

Analysis

U.S. nonfarm business sector productivity slowed more than initially estimated in the first quarter, while unit labor costs increased less than expected, according to revised Labor Department data. The report is broadly mixed for inflation and growth signals, with weaker productivity potentially offset by softer labor cost pressure.