Tuesday, August 10, 2010

Not so Productive

Nonfarm productivity - Q/Q change - SAAR2.8 %0.0 %-0.8 % to 2.5 %-0.9 %
Unit labor costs - Q/Q change - SAAR-1.3 %1.5 %-1.0 % to 2.0 %0.2 %
Highlights
A 3.6 percent increase in hours worked outpaced a 2.6 percent increase in output, making for a 0.9 percent quarter-to-quarter decline in second quarter productivity and ending five straight quarters of strong growth. In a partial offset, first-quarter productivity was revised 1.1 percentage points higher to plus 3.9 percent.

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