The Week Ahead

PRODUCTIVITY AND COSTS

Tuesday, May 11, 10 a.m. EDT -- Output per hour worked in the nonfarm business sector likely grew at a solid 3% annual rate in the first quarter, following a 4.5% surge in the fourth quarter of 1998. As a result, unit labor costs last quarter probably did not rise at all, after falling 1.1% in the fourth quarter.

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