US Q3 unit labor csts +2.4% vs +3.1% expected

<ul><li>Prelim was 3.5% </li><li>Prior quarter was 8.9%</li><li>Productivity +0.8% vs +0.6% exp</li></ul><p>This is lagging data but good news on the inflation front. It's not a market mover and it's extremely difficult (and unreliable) to measure but it's what the Fed wants to see.</p>

This article was written by Adam Button at forexlive.com.