U.S. nonfarm unit productivity rose at a 0.8% annual rate in the first quarter after falling at a revised 0.6% annual rate in the fourth quarter, originally reported as a 0.4% drop, the Bureau of Labor Statistics reported yesterday.

Unit labor cost growth increased at a 3.3% rate in the first quarter, down from the 5.7% rate in the fourth quarter reading, originally reported as a 5.8% increase.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.