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December 6, 2017

Productivity Goes Up as American Worker Compensation Slumps


By Tyler Durden,  Zero Hedge
US labor productivity rose 3.0% QoQ in Q3, the biggest rise since Q3 2014. 
Great news, right?

Not so much, as the rise in productivity comes at the expense of the wages of the American worker who saw unit labor costs (wages) decline 0.2% (against expectations of a 0.2% gain) - down for 2 straight quarters for the first time since 2014.


Courtesy of Tyler Durden, founder of Zero Hedge  

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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