Here is the economic data and forecasts for key labor and productivity indicators:
Continuing Jobless Claims: 1,886K (Forecast: 1,870K)
Initial Jobless Claims: 219K (Forecast: 214K)
Nonfarm Productivity (QoQ) (Q4): 1.2% (Forecast: 1.5%)
Unit Labor Costs (QoQ) (Q4): 3.0% (Forecast: 3.4%)
Ivey PMI (Jan): 47.1 (Forecast: 53.0)
These figures indicate that jobless claims were slightly higher than expected, productivity growth was lower than forecasted, and labor costs increased at a slower pace than anticipated. Additionally, the Ivey PMI came in significantly below expectations, signaling potential economic contraction in purchasing activity.
REPORTER
2025-02-11
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