"Near Stalling Of US Production"

Weatherman2020

Diamond Member
Mar 3, 2013
95,339
67,614
3,605
Right coast, classified
KissMy
1722650112259.png
 
The U.S. Bureau of Labor Statistics report

Labor productivity increased 2.3 percent in the second quarter of 2024, as output increased 3.3 percent and hours worked increased 1.0 percent. From the same quarter a year ago, nonfarm business sector labor productivity increased 2.7 percent.

Unit labor costs in the nonfarm business sector increased 0.9 percent in the second quarter of 2024, reflecting a 3.3-percent increase in hourly compensation and a 2.3-percent increase in productivity. Unit labor costs increased 0.5 percent over the last four quarters, the lowest rate since the third quarter of 2019, when the measure also increased 0.5 percent.

Real hourly compensation, which takes into account consumer prices, increased 0.4 percent in the second quarter of 2024.
 

Forum List

Back
Top