US: Unit Labor Costs in fourth quarter rose 0.9% vs. 1.4% expected

Unit Labor Costs in Q4 rose less than expected.
US Dollar Index extends slide below 97 after data.

Eren Sengezer FXStreet

Unit Labor Costs in the fourth quarter rose 0.9% in the US following the 1.4% increase recorded in the third quarter, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading came in worse than the market expectation of 1.4%.

Further details of the report revealed that Nonfarm Productivity in the same period rose 1.2% to miss analysts' estimate of 1.4%.

USD reaction

The US Dollar Index edged lower after these disappointing figures and was last seen at 96.95, erasing 0.45% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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