The Q2 nonfarm productivity number printed +1.6% and Unit Labor Costs +1.7%, both higher than expectations, but still showing the normal slight slowing as the economic expansion continues.

Q1 productivity was revised to -0.5% and ULC revised to +5.6% (now the fastest since Q1:2011), reflecting GDP revisions and additional salary income that the Commerce Department reported and was incorporated into this derivative report.

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.