U.S. Labor Productivity Unexpectedly Drops In Q1, Labor Costs Jump

RTTNews, via NASDAQ/05-04-17

A report released by the Labor Department on Thursday showed an unexpected drop in U.S. labor productivity in the first quarter along with a bigger than expected jump in unit labor costs.

The Labor Department said productivity fell by 0.6 percent in the first quarter after surging up by a revised 1.8 percent in the fourth quarter.

Economists had expected productivity to come in unchanged compared to the 1.3 percent jump that had been reported for the previous quarter.

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