Track US Revised Nonfarm Productivity q/q to gauge labor cost impacts on inflation and consumer prices.
Productivity and inflation related to labor are closely interconnected - a decrease in a worker's productivity corresponds to an increase in their wages. When companies incur higher labor costs, these expenses are typically transferred to consumers. Though this data is based on quarter-over-quarter changes, it is presented in an annualized format (quarterly change multiplied by four). The 'Previous' value reflects the 'Actual' from the preliminary release, which may cause the 'History' data to seem unrelated. There are two versions of this report published a month apart: Preliminary and Revised. The Preliminary release is the first and tends to have the most significant impact.
What it Measures
Annualized change in labor productivity for goods and services production, excluding agriculture.
Usual Effect
'Actual' figures lower than 'Forecast' positively influence the currency.
Source & Frequency
Bureau of Labor Statistics (latest release) - https://www.bls.gov/ • Published quarterly, approximately 65 days following the end of the quarter.
How Data is Derived
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Also Known As
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Acronym
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