U.S. Q2 Non-Farm Productivity Fell 0.9%; U.S. Q2 Labor Costs Rose 0.2%

August 10th, 2010 by Belisarius

U.S. Non-Farm Productivity fell 0.9% in second quarter. The consensus was at 0.0%, first quarter reading at 2.8%.

U.S. Labor Costs rose 0.2% in second quarter vs. 1.5% consensus and -1.3% reading in first quarter. This is highly deflationary.

Chart 1. U.S. Non-Farm Productivity

Source: BLS

Chart 2. Unit Labor Costs

Source: BLS

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