US Q2 unit labor costs +1.6% vs +2.6% expected

<ul><li>Advance reading was +4.2%</li><li>Prior reading was +6.3%</li><li>Q2 productivity +3.7% vs +2.0% expected</li></ul><p>This is a great report for the Fed as unit labor costs continue to fall and productivity improves. These things are notoriously tough to measure so take them with a grain of salt but they point to a potential window for the Fed to away from hikes.</p>

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