US Q1 unit labor costs revised +6.6% vs +5.7% expected

• Prelim was +5.7% vs +2.0% prior
• Productivity -1.5% vs -0.8% prelim
• Prior productivity +1.7%

On face value, there’s some inflationary pressure here with labour costs higher and productivity lower but it’s volatile and lagging data.

This article was written by Giuseppe Dellamotta at www.forexlive.com.