U.S. | US Datanote Productivity and Labor Costs Jobless Claims
In one line: Spectacular but unsustainable.
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Q1 productivity jumped at a 3.6% annualized rate, well above the consensus, 2.2%. Unit labor costs fell by 0.9%, well below the consensus, +1.5%., pantheon macroeconomics, pantheon, macroeconomic, macroeconomics, independent analysis, independent macroeconomic research, independent, analysis, research, economic intelligence, economy, economic, economics, economists, , Ian Shepherdson, financial market, macro research, independent macro research