US productivity slips adding to labour costs
Friday 3rd May 2024
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US productivity has slipped quite markedly in Q1, that\u2019s pushed up labour costs \u2013 is that something to worry about? Phil puts the question to NAB\u2019s Gavin Friend, who says markets are still responding to yesterday\u2019s dovish slant from the Fed. Non-farm payrolls will be watched keenly tonight, along with US Services PMI. Locally Australia\u2019s home loans data is out today. Phil and Gavin also talk through revisions to the OECD\u2019s growth forecasts for the US, Australia, Europe and the UK.
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