- 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.
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.