Price pressures from the US jobs market intensified by more than expected during the first three months of 2025, as the economy shrank.
Source: Sharecast
Compounding matters, labour productivity growth also fell by more than expected during the first quarter.
According to the Department of Labor, in seasonally adjusted terms non-farm unit labour costs jumped at a quarterly annualised pace of 6.6%.
That was worse than preliminary estimate from Labor of a 5.7% rise.
Labour productivity meanwhile dropped by 1.5% (consensus: -0.7%), as the number of hours worked grew 1.3% yet output dipped 0.2%.
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