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Labor costs revised lower in second Q4 estimate, nonfarm productivity adjusted higher

Nonfarm labor productivity rose 1.5% in Q4 2024, compared with the +1.2% initial estimate and +2.2% in the prior quarter, according to data released by the Bureau of Labor Statistics on Thursday.
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Productivity growth revised lower in final Q1 estimate; labor costs extend climb

Nonfarm labor productivity fell by 1.5% Q/Q in Q1, weaker than the initial estimate of -0.8% and Q4 2024's -1.7%, according to data released by the U.S. Bureau of Labor Statistics on Thursday. The ...