productivity
Items include
Economic Indicators
Mar 2, 2023
Bottom Line: The Bureau of Labor Statistics' annual benchmark revisions resulted in sharply lower productivity in the 4th Quarter than previously reported. Output growth was only modestly lower, but unit labor costs were sharply higher. Compensation costs were nearly 200...
Feb 2, 2023
Bottom Line: Productivity rose 3% annualized in the 4th Quarter, better than expected, as until output increased sharply more than hours worked. Unit labor costs rose 1.1%, reflecting a 4.1% increase in hourly compensation against the gain in productivity. With...
Sep 1, 2022
Bottom Line: The final reading of productivity and costs for the 2nd Quarter showed the second consecutive Quarter of productivity declines was a bit less negative than previously reported. Output declines were modestly less than previously reported, with compensation costs...
Aug 9, 2022
Bottom Line: The preliminary reading of productivity and costs for the 2nd Quarter showed a second consecutive quarter of sharp productivity declines as output fell and hours worked increased, resulting in unit labor costs rising 10+%. As we saw in...
May 5, 2022
Bottom Line: The preliminary reading of productivity and costs for the 1st Quarter showed a sharp drop in productivity as output fell but hours worked, and wages continue to increase. Output fell 2.4%, while hours worked increased 5.5%. 1st Quarter...
Nov 25, 2022
An understaffed or overburdened back-office accounting team means the month-end close can drag on for days or weeks. We provide you with six effective strategies that can help CFIs save time on month-end activities.