Labor productivity over the past four quarters is the largest since 3Q/2010.
Q1/2019 highlights (seasonally adjusted annual rates):
- Output up 4.1%
- Hours Worked up 0.5%
- Unit labor costs down 0.9% (a net factor)
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It wasn't in Manufacturing...output declined, labor hours worked declined faster, and relative unit labor cost became more expensive by 0.8%.