Productivity 1Q2013 (Final): Labor Cost Now Growing Faster Than Productivity

Written by Steven Hansen [Note: This post is a markup of the preliminary data post, and the significant difference is that there was a major revision to labor costs in 4Q2012 and 1Q2013] A simple summary of this release comparing 4Q2012 and 1Q2013 is that the rate of productivity growth is up , whilst the …

Productivity 1Q2013 (Preliminary): Productivity Grows Faster than Costs

Written by Steven Hansen A simple summary of this release is that the rate of productivity growth is up , whilst the rate of growth of labor costs is down. Overall, comparing one year ago – productivity is growing faster than costs. The headlines annualize quarterly results (Econintersect uses year-over-year change in our analysis). Based …