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U.S. labor productivity held steady at 2.2%, with lower wage growth suggesting the Fed may cut rates.
The U.S. Labor Department reported that labor productivity grew 2.2% in the third quarter, unchanged from the initial estimate.
Unit labor costs were revised down to a 0.8% increase from 1.9%, reflecting a lower rise in hourly compensation.
This suggests moderating wage growth and inflation pressures, likely leading the Federal Reserve to cut interest rates by 25 basis points at their next meeting.
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La productividad laboral de EE.UU. se mantuvo estable en el 2,2%, con un menor crecimiento salarial que sugiere que la Fed podría reducir las tasas.