USAs produktivitet sjunker och lönerna drar i väg. Powell trodde han skulle få en lång semester. Ner i källaren och sätt i gång tryckeriet
US Productivity unexpectedly posted the first decline in almost four years and labor costs accelerated in Q3, suggesting a pickup in efficiency earlier this year was more of a temporary shift.
Nonfarm business employee output per hour decreased at a 0.3% annualized rate in the third quarter, well below the expected rise of 0.9% and the first decline since December 2015.
Driving this decline was surging unit labor costs (+3.6%) following 2.4% in the prior period...