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US Productivity Surges Past Forecasts While Jobless Claims Tick Higher

By Market Flux···1 min read

Second quarter labor productivity rose 1.4%, more than doubling the 0.6% estimate, as companies focus on cost control. Weekly jobless claims edged up to 199,000 versus expectations of 205,000, while planned July layoffs declined.

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Sources

  1. DeItaone*US PRELIM 2Q LABOR PRODUCTIVITY RISES 1.4% Q/Q; EST. +0.6%
  2. WallstengineUS JOBLESS CLAIMS 199,000 IN AUG. 1 WEEK; EST. 205K US PRELIM 2Q LABOR PRODUCTIVITY RISES 1.4% QoQ; EST. +0.6%
  3. WsjU.S. Jobless Claims Rose Last Week
  4. ReutersUS weekly jobless claims edge up; planned layoffs decline in July
  5. NasdaqU.S. Jobless Claims Inch Up Less Than Expected To 199,000
  6. InvestingUS worker productivity rises 1.4% in second quarter
  7. NaeemAslam23US 4-WEEK BILL HIGH YIELD 3.64% VS PRIOR 3.630%