Productivity and Costs

Fundamentals 11/3: Jobless Claims OK

Initial Jobless Claims -397,000 for the week ended October 29 -Down 9,000 from previous week’s revised 406,000 (was 402k) -4-week moving average 404,500, down 2,000 -BLS Jobs will be released tomorrow. Worker Productivity and Costs -Nonfarm productivity – (3rd Q2011) +3.1 % -Unit labor costs – (3rd Q2011) -2.4 % -Productivity is GDP/hours worked. -This

Fundamentals 11/3: Jobless Claims OK

Initial Jobless Claims -397,000 for the week ended October 29 -Down 9,000 from previous week’s revised 406,000 (was 402k) -4-week moving average 404,500, down 2,000 -BLS Jobs will be released tomorrow. Worker Productivity and Costs -Nonfarm productivity – (3rd Q2011) +3.1 % -Unit labor costs – (3rd Q2011) -2.4 % -Productivity is GDP/hours worked. -This