Tuesday, June 23, 2026
HomeForex NewsUS Q4 unit labor costs +3.2% vs +1.6% expected

US Q4 unit labor costs +3.2% vs +1.6% expected

  • Prelim was +1.1%
  • Prior was +2.0%
  • Productivity +1.7% vs +2.6% expected
  • Prelim was +3.0%

This number highlights the tightness in the jobs market and we’re seeing a pickup in the US dollar in aftermath. The Fed’s nightmare scenario is a wage price spiral; so while these numbers are tough to measure, they will err on the side of being too hawkish.

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