Following Q3’s 3.3% surge in US worker productivity – the best in 2 years – Q4 was a disappointment as growth slowed to just 1.3% (below the 1.5% expectation).
Productvity growth slowed to just 1.3% in Q4 – the exact average growth rate of President Obama’s 8 year reign.
Unit labor costs rose very slightly more than expected but remain subdued at just 1.7% QoQ (notably non-financial corporations saw notable drops in unit labor costs) and Real Compensation fell 0.4% QoQ in Q4 and Manufacturing employee hours dropped the most since 2015.
via http://ift.tt/2mB1qUF Tyler Durden