US Q3 prelim unit labor costs -0.8% vs +0.7% expected

<ul><li>Prior was +2.2% (revised to +3.2%)</li><li>Q3 productivity +4.7% vs +4.1% expected</li><li>Prior productivity +3.5% (revised to +3.6%)</li></ul><p>The plain takeaway from this data is that it's disinflationary as productivity surges but measuring it is notoriously difficult so I'd be careful trading on this data.</p>

This article was written by Adam Button at www.forexlive.com.