Dow = 8,063.07 106.41 (+) ;
last week's range [8000, 8375]
last week's range (change) = [38, 226]
VIX = 43.73 (-) ;
last week's range [40, 46]
Oil = $40.95 (+) ;
last week's range [42, 46]
Dollar Index = 86.02 (+) ;
BLS - Unemployment = 7.2%
Labor cost increases should be seen as inflationary, and an economic negative.
last week's range [8000, 8375]
last week's range (change) = [38, 226]
VIX = 43.73 (-) ;
last week's range [40, 46]
Oil = $40.95 (+) ;
last week's range [42, 46]
Dollar Index = 86.02 (+) ;
BLS - Unemployment = 7.2%
The latest Productivity and Costs news release ;
issued today by the Bureau of Labor Statistics. Highlights are below.
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Productivity rose 3.2 percent in the nonfarm business sector in fourth-quarter 2008, as hours fell faster than output. Unit labor costs increased 1.8 percent. Manufacturing output per hour fell 3.0 percent; unit labor costs increased 13.3 percent. All rates are seasonally adjusted annual rates.
Labor cost increases should be seen as inflationary, and an economic negative.
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