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US Q4 unit labor costs +3.2% vs +1.6% expected
- Prelim was +1.1%
- Prior was +2.0%
- Productivity +1.7% vs +2.6% expected
- Prelim was +3.0%
This number highlights the tightness in the jobs market and we're seeing a pickup in the US dollar in aftermath. The Fed's nightmare scenario is a wage price spiral; so while these numbers are tough to measure, they will err on the side of being too hawkish.
This article was written by Adam Button at www.forexlive.com... Read More Posted: Mar 2 2023, 13:30
Author Name: forexlive
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