USA Unit Labor Costs (QoQ) For Q2 2.2% Vs 1.6% Est.; 4.2% Prior
Portfolio Pulse from Happy Mohamed
The USA Unit Labor Costs for Q2 have been reported at 2.2%, higher than the estimated 1.6% and lower than the prior 4.2%.
September 07, 2023 | 12:31 pm
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NEGATIVE IMPACT
The higher than expected labor costs could potentially impact the overall market, as represented by SPY, due to increased operational costs for companies.
Higher labor costs can lead to increased operational costs for companies, which could potentially impact their profitability. This, in turn, could affect the overall market, as represented by SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75