Closed-End Fund Market Commentaries
Nov 3, 2016
Click here to access Q3 Productiity (Preliminary)
Nonfarm productivity (output per hour) increased at a 3.1% annual rate in the third quarter, much faster than consensus expected gain of 2.1%. Non-farm productivity is unchanged versus last year. Real (inflation-adjusted) compensation per hour in the non-farm sector increased at a 1.7% annual rate in Q3 and is up 1.1% versus last year. Unit labor costs rose at a 0.3% rate in Q3 and are up 2.3% versus a year ago.