QuoteDisliked*Q3 NONFARM PRODUCTIVITY: 0.0% V 1.0%E; UNIT LABOR COSTS: 3.8% V 3.4%E
- prior Nonfarm Productivity revised to 1.2% from 1.6%
- prior Unit Labor Costs revised to 5.4% from 4.9%
Labor cost is higher than expectation though lower than previous.
Will FED revisit the inflation risk sentiment?