Mike Shedlock

Inquiring minds are digging into the stunningly bad Quarter-Over-Quarter decline in wages and real wages across all sectors as noted in the Revised First Quarter BLS Productivity and Costs report.
 

Sector Nonfarm Business Business Manufacturing Durable Nondurable
Productivity 0.5 2 3.5 3.6 3.9
Output 2.1 3.1 5.3 6.4 4.2
Hours 1.6 1.1 1.8 2.8 0.2
Hourly compensation -3.8 -3.1 -6.9 -8.1 -4.9
Real hourly compensation -5.2 -4.6 -8.3 -9.4 -6.4
Unit labor costs -4.3 -5 -10 -11.2 -8.5

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.
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