The Week Ahead
PRODUCTIVITY AND COSTS
Tuesday, Aug. 11, 10 a.m.EDT Nonfarm businesses may have eked out a small, 0.5% annual-rate gain in output per hour worked in the second quarter. That suggests that unit labor costs probably grew at a 2.5% pace. First-quarter productivity was reported to have risen at a 1.1% annual rate, while unit costs advanced by 3.1%. This upcoming report, however, will contain the Labor Dept.'s revisions to the productivity data of the past three years, so those first-quarter growth rates will likely change.
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