Summary
Productivity growth bounced back strongly in Q2, surpassing expectations and rising at a 3.7% clip. Through the quarter-to-quarter volatility, the recent trend in productivity is firming. Over the past year, output per hour worked has risen 1.3%, the first positive one-year gain since late 2021. The improving trend in productivity along with slowing nominal wage growth points to inflationary pressures from the labor market starting to subside.
Download The Full Economic Indicator
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now