FOREX TradingCharts.com

Financial News: U.S. Q1 Labor Productivity Growth Downwardly Revised To

U.S. Q1 Labor Productivity Growth Downwardly Revised To 3.4%

06/06/2019 - 09:37:00 (RTTNews)

(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivity increased by slightly less than initially estimated in the first quarter.

The report said the jump in productivity in the first quarter was downwardly revised to 3.4 percent from 3.6 percent, although the growth still reflects a notable acceleration from the 1.3 percent increase in the fourth quarter.

Productivity is a measure of output per hour, and the spike in output was downwardly revised to 3.9 percent from 4.1 percent, while the increase in hours worked was unrevised at 0.5 percent.

The Labor Department also said unit labor costs slumped by a revised 1.6 percent in the first quarter compared to the previously reported 0.9 percent drop.

The revision to the labor costs data came as hourly compensation increased by 1.8 percent compared to 2.6 percent jump that was initially reported.

The report also showed a substantial revision to the unit labor costs data for the fourth quarter, with the revised data showing a 0.4 percent drop compared to the previously reported 2.5 percent spike.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Bank Of England Keeps Rate Unchanged; Cuts Q2 Growth Outlook (25 min(s), 42 sec(s) ago)
(RTTNews) - The Bank of England maintained its interest rate and quantitative easing, as widely ex ...Full Story»

Swiss Exports Fall Further In May (41 min(s), 42 sec(s) ago)
(RTTNews) - Switzerland's exports fell for the third month in May, while imports rose, data fr ...Full Story»

Slovenia Output Price Inflation Slows In May (59 min(s), 42 sec(s) ago)
(RTTNews) - Slovenia's output prices slowed in May after rising in the previous month, figures ...Full Story»

Japan All Industry Activity Rises In April (01 hr(s), 01 min(s), 42 sec(s) ago)
(RTTNews) - Japan's industrial activity rose for the first time in three months in April, figu ...Full Story»

Denmark Consumer Confidence Falls Slightly (01 hr(s), 07 min(s), 42 sec(s) ago)
(RTTNews) - Denmark's consumer confidence fell slightly in June, survey data from Statistics D ...Full Story»

Turkey Consumer Confidence Rises In June (01 hr(s), 08 min(s), 42 sec(s) ago)
(RTTNews) - Turkey's consumer confidence rose in June after falling in the previous month, fig ...Full Story»

Taiwan Central Bank Keeps Rate Unchanged (01 hr(s), 35 min(s), 42 sec(s) ago)
(RTTNews) - Taiwan's central bank maintained its key interest rate for the twelfth straight me ...Full Story»

UK Retail Sales Fall For Second Month (03 hr(s), 07 min(s), 42 sec(s) ago)
(RTTNews) - UK retail sales declined for the second straight month in May, figures from the Office ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Bank Of England Keeps Rate Unchanged; Cuts Q2 Growth Outlook

06/20/2019 - 07:28 AM (RTTNews)
(RTTNews) - The Bank of England maintained its interest rate and quantitative easing, as widely ex ...Full Story>>

Swiss Exports Fall Further In May

06/20/2019 - 07:12 AM (RTTNews)
(RTTNews) - Switzerland's exports fell for the third month in May, while imports rose, data fr ...Full Story>>

Slovenia Output Price Inflation Slows In May

06/20/2019 - 06:54 AM (RTTNews)
(RTTNews) - Slovenia's output prices slowed in May after rising in the previous month, figures ...Full Story>>

Japan All Industry Activity Rises In April

06/20/2019 - 06:52 AM (RTTNews)
(RTTNews) - Japan's industrial activity rose for the first time in three months in April, figu ...Full Story>>

Denmark Consumer Confidence Falls Slightly

06/20/2019 - 06:46 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence fell slightly in June, survey data from Statistics D ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.