QE Sponsored Stagnation: Productivity Declines Again As Unit Labor Costs Rise 4.1%
Wednesday, May 4, 2016 12:51
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by Mike ‘Mish’ Shedlock
Mish Talk
Productivity is down 1% in the first quarter of 2016 following a revised 1.7% decline last quarter.
This is the fourth productivity decline in the last six quarters.
Meanwhile unit labor costs are up 4.1% in the first quarter following a revised jump of 2.7% in the fourth quarter of 2015.
The Bloomberg Econoday consensus was -1.2% for productivity and +3.5% for labor costs.
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Source: http://financialsurvivalnetwork.com/2016/05/qe-sponsored-stagnation-productivity-declines-again-as-unit-labor-costs-rise-4-1/
