Labor productivity and unit labor costs rose less than estimated in the first quarter, reflecting revised economic output and hours-worked data from the Bureau of Labor Statistics (BLS) on June 6.
In the first three months of 2024, non-farm worker productivity, a measurement of hourly output per work, edged up at an annualized pace of 0.2 percent. That was down from last month’s initial forecast of 0.3 percent.
