US third-quarter unit labor costs revised sharply lower
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. Economists polled by Reuters had expected labor costs growth would be revised down to a 1.
Posted by Hicham ALAOUI RIZQ on 2024, Dec 10
Introduction
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. Economists polled by Reuters had expected labor costs growth would be revised down to a 1.
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