U.S. labour productivity falls short of forecastsStaff Writer | March 9, 2017
U.S. non-farm labour productivity fell short of economists' forecasts during the last three months of 2016, pushing labour costs past estimates.
Working in America The Commerce Department:
That compared to forecasts for gains of 1.5% for each.
In comparison to the year earlier period, they increased by 1.0% and 2.0%, respectively.
Also in annualised terms, output was 2.2% ahead, hours worked increased 1.2%, hourly compensation by 3.0% and real hourly compensation by 1.2%. ■