-- Nonfarm productivity rose by 0.8% in Q1 after a downwardly revised 1.6% increase in Q4, above expectations for a 0.6% gain in a survey compiled by Bloomberg as of 7:40 am ET, data released by the Bureau of Labor Statistics showed.
Output growth accelerated to 1.5% from 1.3% in the previous quarter, but hours worked rebounded by 0.7% after a 0.2% decrease in the previous quarter.
Unit labor costs rose by 2.3% gain after a 4.6% gain in Q4, below expectations for a 2.5% increase. A slowdown in compensation growth was larger than the deceleration in productivity growth, accounting for the slower pace of unit labor cost growth.