- Analytics
- News and Tools
- Market News
- Productivity in the U.S. non-farm businesses slides at a 3.0% annual rate in the fourth quarter
Productivity in the U.S. non-farm businesses slides at a 3.0% annual rate in the fourth quarter
The U.S. Labor Department released non-farm productivity figures on Thursday. Preliminary productivity in the U.S. non-farm businesses slid at a 3.0% annual rate in the fourth quarter, missing expectations for a 1.8% decrease, after a 2.1% increase in the third quarter. It was the biggest drop since the first quarter of 2014.
The third quarter's figure was revised down from a 2.2% gain.
The drop was driven by a rise in labour-related production costs.
Hours worked jumped by 3.3% in the fourth quarter, while output rose by 0.1%.
In 2015 as whole, productivity rose 0.6%, the weakest rise since 2013, after a 0.7% increase in 2014.
Preliminary unit labour costs increased 4.5% in the fourth quarter, exceeding expectations for a 3.9% rise, after a 1.9 gain in the third quarter. The third quarter's figure was revised up from a 1.8% increase.
In 2015 as whole, labour costs climbed 2.4, the largest increase since 2007, after a 2.0% gain.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
