The Week AheadBy
PRODUCTIVITY AND COSTS Tuesday, Aug. 11, 10 a.m.
Output per hour worked in the nonfarm sector likely rose at a 1% annual rate in the second quarter, down from a 2.6% advance in the first quarter. Nonfarm output posted a small gain last period, but total hours worked rose by an even slimmer amount. Unit labor costs, which fell at a 0.6% rate in the first quarter, likely grew by about 1.5% in the second.
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