USA: 0.3% rise in productivity in Q1

(CercleFinance.com) - Non-farm productivity rose at an annualized rate of 0.
3% in the first quarter of 2024, according to the Labor Department's first estimate, due to a 1.3% increase in total output for a 1% rise in hours worked.

Given this weak rise in productivity, but also a 5% increase in hourly wages, non-agricultural unit labor costs in the United States climbed by 4.7% for the first three months of this year.

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