Prior was +0.4% (revised to +2.4%)Productivity +2.2% vs +2.3% expectedPrior productivity +2.5% (revised to +2.1%)
In the long-run, productivity is the most-important predictor of an economy but in the short run, it’s nearly impossible to measure. Within this data, the unit labor cost number is certainly an inflationary one.
This article was written by Adam Button at www.forexlive.com.
