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Labor Costs

  • #1
  • First Post: Nov 2, 2006 8:09am Nov 2, 2006 8:09am
Quote
*Q3 NONFARM PRODUCTIVITY: 0.0% V 1.0%E; UNIT LABOR COSTS: 3.8% V 3.4%E
- prior Nonfarm Productivity revised to 1.2% from 1.6%
- prior Unit Labor Costs revised to 5.4% from 4.9%


Labor cost is higher than expectation though lower than previous.
Will FED revisit the inflation risk sentiment?
  • #2
  • Last Post: Nov 2, 2006 9:02am Nov 2, 2006 9:02am
Tough to say, i just read bloomberg and reuters and the understanding im getting is that investment firms are losing ground, and the numbers that came out today might give a hindge to what the fed might do for interest rates, if not the central banks might do something about it. Lets just say there is a 'fear' of interests rates which is causing the markets to go sour now.
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