Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  August 08, 2012 15:34:46

U.S. - labor productivity in Q2 grew by 1.6% and exceeded the estimates, the cost v1Q significantly revised

Labour productivity in the U.S. in Q2 of this year grew by 1.6% QoQ compared with a decline of 0.5% in 1Q12. The market allowed for growth of 1.4% in the overall estimates range from +0.9 to +2.9%.
Compared productivity increased by 1.1%

The cost per employee in Q2 grew by 1.7% compared to the previous growth of 5.6%. Market growth estimated cost of 0.5%. Revision of data from Q1 was almost four times higher than pre-announced growth of 1.3%.
Compared costs rose by 0.8%.

Improvements in 2Q both items suggests that firms with a relatively poor first quarter once again focused on greater cost reduction.

Productivity in the manufacturing sector grew by 0.2 or 2.9% yoy and mezikvartálním.

Efforts to further improve the efficiency and cost reduction may negatively affect the labor market. In Q1 the economy created 677,000 new jobs. In Q2 it was only 219,000 jobs.
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