U.S. Labor Productivity Surges Slightly Less Than Expected In Q3

RTTNews | 377 gün önce
U.S. Labor Productivity Surges Slightly Less Than Expected In Q3

(RTTNews) - Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected.

The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a downwardly revised 2.1 percent in the second quarter.

Economists had expected labor productivity to jump by 2.3 percent compared to the 2.5 percent spike that had been reported for the previous quarter.

Meanwhile, the report said unit labor costs surged by 1.9 percent in the third quarter after spiking by an upwardly revised 2.4 percent in the second quarter.

Unit labor costs were expected to rise by 0.5 percent compared to the 0.4 percent increase that had been reported for the previous quarter.

Etiketler: USD
read more
U.S. Trade Deficit Narrows In August As Imports Plunge

U.S. Trade Deficit Narrows In August As Imports Plunge

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of August amid a steep drop in the value of imports. The Commerce Department said the trade deficit shrank to $59.6 billion in August from a revised $78.2 billion in July. Economists had expected the trade deficit to decrease to $61.0 billion.
RTTNews | 4s 30 dakika önce
U.S. Homebuilder Confidence Unexpectedly Edges Higher In November

U.S. Homebuilder Confidence Unexpectedly Edges Higher In November

Homebuilder confidence in the U.S. has unexpectedly seen a modest improvement in the month of November, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index crept up to 38 in November after jumping to 37 in October.
RTTNews | 1 gün önce
U.S. Consumer Sentiment Drops To Near-Record Low In November

U.S. Consumer Sentiment Drops To Near-Record Low In November

Consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of November, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slid to 50.3 in November after falling to 53.6 in October. Economists had expected the index to edge down to 53.2.
RTTNews | 12 gün önce
U.S. Service Sector Activity Returns To Expansion In October

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | 14 gün önce
U.S. Private Sector Employment Rebounds More Than Expected In October

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
RTTNews | 14 gün önce