Reported about 8 hours ago
U.S. worker productivity for the fourth quarter has been revised upward, indicating a 1.5% annualized growth instead of the previously estimated 1.2%. This increase in productivity, which measures output per worker, helps to control labor costs and supports efforts to combat inflation. Additionally, unit labor costs showed a moderate rise of 2.2%, updated from an earlier estimate of 3.0%. Policymakers are likely to appreciate these changes as they aim to stabilize inflation around the Federal Reserve's target.
Source: YAHOO