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Nonfarm Labor Productivity Unchanged in First Quarter 2017, Was Expected to Decline

An assembly worker works on 2015 Ford Mustang vehicles on the production line at the Ford Motor Flat Rock Assembly Plant in Flat Rock, Michigan, August 20, 2015. (Photo: Reuters)

The Bureau of Labor Statistics (BLS) said nonfarm business sector labor productivity was unchanged during the first quarter of 2017, beating the -0.2% consensus. The BLS also said that labor costs 2.2%, rather than the 2.6% consensus.

Labor output and hours worked both increased by 1.7%. The results are in line with the gross domestic product (GDP) numbers for the quarter.

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PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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