Financial News: U.S. Labor Productivity, Unit Labor Costs Jump Less

U.S. Labor Productivity, Unit Labor Costs Jump Less Than Expected In Q4

02/06/2025 - 08:40:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed U.S. labor productivity and unit labor costs both increased by less than expected in the fourth quarter of 2024.

The Labor Department said labor productivity shot up by 1.2 percent in the fourth quarter after surging by an upwardly revised 2.3 percent in the third quarter. Economists had expected labor productivity to jump by 1.7 percent.

Meanwhile, the report said unit labor costs spiked by 3.0 percent in the third quarter after rising by a downwardly revised 0.5 percent in the third quarter. Economists had expected unit labor costs to soar by 3.8 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Weekly Jobless Claims Rise More Than Expected To 219,000 (59 min(s), 43 sec(s) ago)
(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, the Labor ...Full Story»

U.S. Labor Productivity Growth Slows More Than Expected In Q4 (01 hr(s), 49 min(s), 43 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed U.S. labor productivity a ...Full Story»

US Employers Cut 28% More Jobs In January: Challenger Report (02 hr(s), 24 min(s), 43 sec(s) ago)
(RTTNews) - Employers in the U.S. slashed more jobs in January compared to December, but the figur ...Full Story»

Bank Of England Cuts Rate By 25 Bps, Sees Modest Growth In Q1 (02 hr(s), 27 min(s), 43 sec(s) ago)
(RTTNews) - The Bank of England lowered its key interest rate by a quarter-point as widely expecte ...Full Story»

Bulgarian Retail Sales Growth Strongest In 8 Months (02 hr(s), 39 min(s), 43 sec(s) ago)
(RTTNews) - Bulgaria's retail sales growth improved for the third straight month in December t ...Full Story»

Romanian Retail Sales Expand Least In 5 Months (03 hr(s), 12 min(s), 43 sec(s) ago)
(RTTNews) - Romania's retail sales grew at the slowest pace in five months, figures from the N ...Full Story»

U.S. Labor Productivity, Unit Labor Costs Jump Less Than Expected In Q4 (03 hr(s), 24 min(s), 43 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed U.S. labor productivity a ...Full Story»

Slovakia Retail Sales Growth Quickens In December (03 hr(s), 26 min(s), 43 sec(s) ago)
(RTTNews) - Slovakia's retail sales grew at the fastest pace in nearly two years in December, ...Full Story»