Investing.com - U.S. non-farm productivity rose in line with expectations in the fourth quarter, unchanged from a preliminary estimate, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity increased by a seasonally adjusted 2.6% in the fourth quarter, unchanged from a preliminary estimate.
The report showed unit labor costs fell more-than-expected, falling by a seasonally adjusted 0.6% in the fourth quarter, exceeding expectations for a decline of 0.3%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.51% to hit 1.3939.
Meanwhile, the outlook for U.S. equity markets was broadly higher. The Dow Jones Industrial Average futures jumped 0.84%, S&P 500 futures rose 1.03%, while the Nasdaq 100 futures pointed to a gain of 0.95%.
In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity increased by a seasonally adjusted 2.6% in the fourth quarter, unchanged from a preliminary estimate.
The report showed unit labor costs fell more-than-expected, falling by a seasonally adjusted 0.6% in the fourth quarter, exceeding expectations for a decline of 0.3%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.51% to hit 1.3939.
Meanwhile, the outlook for U.S. equity markets was broadly higher. The Dow Jones Industrial Average futures jumped 0.84%, S&P 500 futures rose 1.03%, while the Nasdaq 100 futures pointed to a gain of 0.95%.