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US Productivity Growth Slowed Dramatically In Q4
Wednesday, March 8, 2017 7:25
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Following Q3’s 3.3% surge in US worker productivity – the best in 2 years – Q4 was a disappointment as growth slowed to just 1.3% (below the 1.5% expectation).
Productvity growth slowed to just 1.3% in Q4 – the exact average growth rate of President Obama’s 8 year reign.
Unit labor costs rose very slightly more than expected but remain subdued at just 1.7% QoQ (notably non-financial corporations saw notable drops in unit labor costs) and Real Compensation fell 0.4% QoQ in Q4 and Manufacturing employee hours dropped the most since 2015.
Source: http://silveristhenew.com/2017/03/08/us-productivity-growth-slowed-dramatically-in-q4/
