- US: Unit Labor Costs rise 1.1% in Q4 following 2% increase in Q3
Market news
2 February 2023
US: Unit Labor Costs rise 1.1% in Q4 following 2% increase in Q3
- Unit Labor Costs in the US rose at a softening pace in Q4.
- US Dollar Index continues to fluctuate slightly above 101.00.
Unit Labor Costs in the nonfarm business sector rose by 1.1% in the fourth quarter of 2022, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading followed 2% increase recorded in the third quarter.
Further details of the publication revealed that Nonfarm Productivity rose by 3% in the same period, compared to the market expectation of 2.4%.
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen posting small daily losses at 101.12.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page