US Q3 revised unit labor costs -1.2% versus -0.9% expected

<ul><li>Preliminary -0.8% reported on November 2. </li><li>Prior quarter +3.2%</li><li>Q3 unit labor costs -1.2% vs -0.9% estimate</li><li>Q3 productivity +5.2% versus 4.9% expected. Preliminary 4.7%</li><li>Q2 productivity was at 3.6%</li></ul><p>With productivity increasing and unit labor costs moving lower that is disinflationary and a Goldilocks scenario. There is nothing better for profits than labor costs moving lower while productivity increases. Unit labor costs lead wages by about two months.</p>

This article was written by Greg Michalowski at www.forexlive.com.