Posted inUncategorized

What unit labor costs are telling us

By far the strangest and most interesting news of the day was the unexpected fall in Unit Labor Costs (-0.2% against an expected +0.2%). Since early 2014, ULC has been positively correlated with broad unemployment (U6, or unemployment, part-time for economic reasons and marginally attached to the labor force). Normally (as during 2000-2014) labor costs […]

%d bloggers like this: