Productivity and Labor Cost Report for Q1 2008 Released Today (Revised)

The Labor Department's Bureau of Labor Statistics this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2008 (revised data):

Non-farm Productivity
Predicted: +2.5%
Actual: +2.6%

Unit Labor Costs
Predicted: +1.9%
Actual: +2.2%

The above percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs.

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Productivity and Labor Cost Report for Q2, 2007 Released Today (Preliminary)

The Labor Department's Bureau of Labor Statistics this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2007 (preliminary data):

Non-farm Productivity
Predicted: +2.1%
Actual: 1.8%

Unit Labor Costs
Predicted: +1.6%
Actual: +2.1%

The above percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs.

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Gross Domestic Product (GDP) "Final" Released Today for Q1, 2007

The final, real U.S. Gross Domestic Product (GDP) report for the first quarter of 2007 was released this morning:

Predicted: +0.8 %
Actual: +0.7 %

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure. The GDP report is produced by the U.S. Commerce Department's Bureau of Economic Analysis.

Today's final GDP report contains the most authoritative data for Q1, 2007.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Click here to view the full Commerce Department report (PDF).

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Productivity and Labor Cost Report for Q1, 2007 Released Today (Revised)

The Labor Department's Bureau of Labor Statistics this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2007 (revised data):

Non-farm Productivity
Predicted: +1.0%
Actual: +1.0%

Unit Labor Costs
Predicted: +1.5%
Actual: +1.8%

The above percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs.

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Gross Domestic Product (GDP) "Preliminary" Released Today for Q1, 2007

The preliminary, real U.S. Gross Domestic Product (GDP) report for the first quarter of 2007 was released this morning:

Predicted: +0.8%
Actual: +0.6%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure. The GDP report is produced by the U.S. Commerce Department's Bureau of Economic Analysis.

The final GDP report for Q1, 2007, which will contain the most authoritative data for the fourth quarter, will be released on June 28, 2007.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Click here to view the full Commerce Department report (PDF).

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Productivity and Labor Cost Report for Q1, 2007 Released Today (Preliminary)

The Labor Department's Bureau of Labor Statistics this morning released its quarterly report on Productivity and Unit Labor Costs for the first quarter of 2007 (preliminary data):

Non-farm Productivity
Predicted: +0.5%
Actual: 1.7%

Unit Labor Costs
Predicted: +3.9%
Actual: +0.6%

The above percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs.

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Gross Domestic Product (GDP) "Advance" Released Today for Q1, 2007

U.S. Gross Domestic Product (GDP) numbers for the first quarter of 2007 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Predicted: +1.8%
Actual: +1.3%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. A "final" GDP report will be released later this year, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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