US: Unit Labor Costs increase by 6% in Q4 vs. 6.7% expected
|- Unit Labor Costs in US rose less than expected in Q4.
- US Dollar Index clings to modest daily gains above 91.10 after the data.
Unit Labor Costs in the US' nonfarm business sector rose by 6% on yearly basis in the fourth quarter, the US Bureau of Labor Statistics reported on Thursday. This reading came in lower than the flash estimate of 6.8% and missed the market expectation of 6.7%.
Further details of the publication showed that Nonfarm Productivity in the same period fell by 4.2%, compared to the market expectation of 4.7%.
Market reaction
This report doesn't seem to be having a meaningful impact on the USD's performance against its rivals. As of writing, the US Dollar Index was up 0.25% on the day at 91.17.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.