Day of economic data below expectations for the United States. In May employment in the private sector it went worse than expected: according to the monthly report prepared by Macroeconomics Advisers and Automatic Data Processing, the agency that prepares payroll, 135 jobs were created, less than the 170 expected by analysts. The April figure was also revised downwards, to 113 units, from 119 in the first estimate. The findings are fueling uncertainty over Washington's official report due on Friday.
as to productivity, grew slightly less than expected in the first quarter, while wages per hour worked recorded the steepest decline since 1947 (-3,8%, revised downwards from the +1,2% of the previous estimate).
According to the final revision of the data released by the Department of Employment, productivity – an index obtained by dividing production by the number of hours worked – grew by 0,5% (the previous estimate spoke of +0,7%, after the +1,7% in the last period of 2012). Analysts were expecting an increase of 0,4%.
The unit cost of labor - the relative figure is disclosed at the same time as productivity and represents an important thermometer of inflationary pressures - fell by 4,3%, against the +0,5% expected by analysts and significantly less than the +11,8, 2012% in the fourth quarter of XNUMX.
Breaking down the data on productivity, it should be noted that production grew by 2,1%, less than the 2,5% of the previous estimate. The number of hours worked grew by 1,6%, versus +1,8% expected.
