U.S. Productivity and Unit Labor Costs

SOURCE www.breitbart.com
U.S. productivity grew at a slow pace of 0.3% in the first quarter of 2024, down from 3.5% in the previous quarter. Unit labor costs rose by 4.7% in the same period.

Key Points

  • U.S. productivity increased 2.9% over the past four quarters
  • Unit labor costs rose by 4.7% in the first quarter of 2024

Pros

  • Increase in U.S. productivity over the past four quarters by 2.9%
  • Insights into economic performance and wage inflation

Cons

  • Slower productivity growth in the first quarter of 2024 compared to the previous quarter