US jobless claims came in 207k vs 211k exp. and 208k previously (continued claims 1,774 mln vs 1,79 mln exp. and 1,781 mln previously)
- US productivity came in 0.3% MoM vs 0.5% exp. and 3.2% previously
- Unit labor costs came in 4.7% YoY vs 4% exp. and previously revised to 0%
The data is not so good for markets. Jobless claims are still very low with continuing claims number decline. At the same time unit labor costs came in higher meaning potential inflationary pressure, while productivity disappointed. US dollar weakened slightly after the reading.
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