US Q1 non-agricultural productivity slides 1.2%, an 8-year worst level

US Q1 non-agricultural productivity recorded the most serious down-range in 8 years. According to the revised figures released by the US Department of Labor, the figure erased 1.2%, worse than the original 0.1%.

Besides, Q1 revised labor cost rose 6.3%, higher than the original 5.2%, also the biggest up-range since 1990s. Due to the fact it is hard to lift product prices in the slowing economy, the labor cost soared which seriously harmed the profits.

Economists had predicted that the Q1 productivity would lose 0.8% while labor cost rise 6%, however, the real figures were worse than expectation.

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