US: Unit Labor Costs in third quarter rose 3.6% vs. 2.2% expected
|- Nonfarm Productivity in the US declined in the third quarter.
- Unit Labor Costs rose 3.6% to come in higher than the market expectation.
According to the data published by the US Labor Department on Wednesday, Unit Labor Costs in the third quarter rose 3.6% following the 2.4% increase in the second quarter and surpassed the market expectation of 2.2%.
Further details of the report showed that the Nonfarm Productivity in the same period declined by 0.3% and missed analysts' estimate of +0.9%.
The greenback paid no attention to the data and the US Dollar Index was last down 0.12% on the day at 97.79.
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