US productivity slips adding to labour costs

Friday 3rd May 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS productivity has slipped quite markedly in Q1, that’s pushed up labour costs – is that something to worry about? Phil puts the question to NAB’s Gavin Friend, who says markets are still responding to yesterday’s dovish slant from the Fed. Non-farm payrolls will be watched keenly tonight, along with US Services PMI. Locally  Australia’s home loans data is out today. Phil and Gavin also talk through revisions to the OECD’s growth forecasts for the US, Australia, Europe and the UK.  Hosted on Acast. See acast.com/privacy for more information.