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Saturday, March 24, 2018

The claims data has no bearing on January’s employment report

January’s employment report, which is scheduled to be released on Friday, as it falls outside the survey period. According to a Reuters survey of economists, nonfarm payrolls probably rose by 180,000 jobs in January after increasing by 148,000 in December.
In a second report on Thursday, the Labor Department said nonfarm productivity, which measures hourly output per worker, fell at a 0.1 percent annualized rate in the fourth quarter. That was the first drop and weakest performance since the first quarter of 2016.Third-quarter productivity was revised to show it rising at a pace of 2.7 percent instead of the previously reported 3.0 percent rate. Compared to the fourth quarter of 2016, productivity increased at a rate of 1.1 percent.Hours worked increased at a rate of 3.3 percent in the fourth quarter, the fastest in three years, after rising at a 1.2 percent pace in the third quarter. Unit labor costs, the price of labor per single unit of output, rose at a pace of 2.0 percent in the final three months of 2017 after slipping at a rate of 0.1 percent in the third quarter.

The claims data has no bearing on January’s employment report

January’s employment report, which is scheduled to be released on Friday, as it falls outside the survey period. According to a Reuters sur...

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