Labor productivity rose 1.5 percent in 2Q 2017, up 1.3 percent year-on-year

Nonfarm business sector labor productivity increased 1.5 percent during the second quarter of 2017 as output increased 4.0 percent and hours worked increased 2.5 percent. From the second quarter of 2016 to the second quarter of 2017, productivity increased 1.3 percent, reflecting a 2.8-percent increase in output and a 1.5-percent increase in hours worked.

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Labor productivity up 0.9 percent during 2Q 2017 and 1.2 percent year-on-year

Nonfarm business sector labor productivity increased 0.9 percent during the second quarter of 2017, as output increased 3.4 percent and hours worked increased 2.5 percent. From the second quarter of 2016 to the second quarter of 2017, productivity increased 1.2 percent, reflecting a 2.7-percent increase in output and a 1.5-percent increase in hours worked.

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Unit labor costs rose 2.2 percent in 1Q 2017 due entirely to higher hourly compensation

Unit labor costs in the nonfarm business sector increased 2.2 percent in the first quarter of 2017, reflecting a 2.2-percent increase in hourly compensation; productivity was unchanged. Unit labor costs increased 1.1 percent over the last four quarters.

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Labor productivity unchanged in 1Q 2017 but up 1.2 percent year-on-year

Nonfarm business sector labor productivity was unchanged during the first quarter of 2017, as both output and hours worked increased 1.7 percent. From the first quarter of 2016 to the first quarter of 2017, productivity increased 1.2 percent, reflecting a 2.5-percent increase in output and a 1.3-percent increase in hours worked.

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Labor productivity rose at 0.6 percent annual rate in 1Q 2017

Nonfarm business sector labor productivity decreased at a 0.6-percent annual rate during the first quarter of 2017, as output increased 1.0 percent and hours worked increased 1.6 percent.

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Productivity fell 0.6 percent during first quarter of 2016 as costs rose 4.5 percent

Labor productivity decreased at a 0.6-percent annual rate during the first quarter of 2016 as output increased 0.9 percent and hours worked increased 1.5 percent. At the same time, unit labor costs rose 4.5 percent.

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BuilderBytes' MetroIntelligence Economic Update for 11/06/15

Please click here to see the edition of BuilderBytes for 11/06/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Planned job cuts dropped by 14 percent in October but still up 31 percent vs. 2014
• Productivity rose at 1.6 percent in third quarter of 2015, with hours worked falling for first time since 2009
• Mortgage applications dip 0.8 percent in latest survey as rates rise slowly
• Initial unemployment claims rise by 16,000 in latest report

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BuilderBytes' MetroIntelligence Economic Update for 9/3/15

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In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs grow by 190,000 in most recent ADP report
• Labor productivity growth rose sharply to 3.3 percent during second quarter of 2015
• Chicago PMI dipped in July but comments still reflect modest to strong growth
• Construction spending rose in July to over $1 trillion (annualized) for the first time since May 2008

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BuilderBytes' MetroIntelligence Economic Update for 5/7/15

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In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector employment rose by 169,000 from March to April
• Productivity fell 1.9 percent in 1Q 2015 as unit labor costs rose 5.0 percent
• Service sector economy grew stronger in April
• Durable goods orders in March report largest increase in eight months

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BuilderBytes' MetroIntelligence Economic Update for 2/6/15

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In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• 2015 job cut report; 40% of 53,041 cuts due to falling oil prices
• Initial unemployment claims rise 11,000 in latest report, but 4-week average down by 6,500
• Labor productivity fell by 1.8 percent in 4Q 2014 due to an increase in hours worked
• Mortgage applications rise 1.3 percent in latest survey as rates dip

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BuilderBytes' MetroIntelligence Economic Update for 12/04/14

Please click here to see the edition of BuilderBytes for 12/04/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs grew by 208,000 from October to November
• Labor productivity grew by 2.3 percent in third quarter of 2014 due to higher output
• Construction spending rebounds 1.1 percent in October
• Manufacturing sector economy expanded in November on strong demand and new orders
• Service sector economy index expanded sharply in November

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BuilderBytes' MetroIntelligence Economic Update for 11/7/14

Please click here to see the edition of BuilderBytes for 11/7/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Planned job cuts rose sharply in October
• Initial unemployment claims dip by 10,000 in latest report
• Productivity rose by 2.0 percent in 3Q 2014 as output rose faster than hours worked

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BuilderBytes' MetroIntelligence Economic Update for 2/7/14

Please click here to see the edition of BuilderBytes for 2/7/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Planned job cuts rose by 12 percent in January versus same period of 2013
• Labor productivity rose by 3.2 percent in fourth quarter of 2013
• Initial unemployment claims fall by 20,000 in latest report
• Service sector economy continued to grow in January despite inclement weather

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BuilderBytes' MetroIntelligence Economic Update for 9/6/13

Please click here to see the edition of BuilderBytes for 9/6/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs rose by 176,000 in July
• August job cuts surge to highest level since February
• Initial unemployment claims fall by 9,000 in latest report
• Labor productivity rose at 2.3 percent in 2Q 2013, matching gains in compensation

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BuilderBytes' MetroIntelligence Economic Update for 8/19/13

Please click here to see the edition of BuilderBytes for 8/19/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• July housing starts up 5.9% from June and 20.9% from July 2012
• July building permits up 2.7% from June and 12.4% from July 2012
• Productivity edges up in second quarter but still below long-term averages

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BuilderBytes' MetroIntelligence Economic Update for 5/6/13

Please click here to see the edition of BuilderBytes for 5/6/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:

• Employment rose by 165,000 jobs in April; previous months' totals also revised upwards
• Productivity rose by 0.7% in 1Q 2013; labor costs rose by 0.5%
• Mortgage applications rose by 1.8% in latest survey

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BuilderBytes' MetroIntelligence Economic Update for 3/11/13

Please click here to see the edition of BuilderBytes for 3/11/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:

• Non-farm employment rose by 236,000 in February as unemployment rate dipped to 7.1%
• Beige Book shows stronger real estate market as economy expanded in almost all Fed Districts
• Labor productivity fell by 1.9% during 4Q 2012 as unit labor costs rose by 4.6%
• Consumer credit in January rose by highest level in five months

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Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 12/7/12

Please click here to see the edition of BuilderBytes for 12/7/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector employment rose by 118,000 jobs in October
• Job cuts increased for third consecutive month in November but YTD totals still 13% lower than in 2011
• Labor productivity rose at 2.9% annual rate in 3Q 2012
• Factory orders up by 0.8% in October as inventories rise to highest level since 1992
• Service sector economy improving slightly faster in November than in manufacturing sector

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Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at dsmith@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 11/02/12

Please click here to see the edition of BuilderBytes for 11/02/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector employment rose by 158,000 jobs from September to October
• Planned job cuts surge by 41% in October but YTD layoffs well below last year's pace
• Construction spending in September up by 0.6% from August and by 7.8% from Sept. 2011
• Consumer confidence continued to improve in October
• Labor productivity rose by 1.9% annual rate during 3Q2012 even as compensation rose by 1.8%

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at dsmith@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 9/7/12

Please click here to see the edition of BuilderBytes for 9/7/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs rise by 201,000 from July to August
• Planned layoffs decline for third consecutive month
• Initial unemployment claims fall by 12,000 in latest report
• Productivity rose by 2.2% during the second quarter of 2012

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at dsmith@penpubinc.com.