US: Unit Labor Costs rose 2.5% in third quarter vs. 3.3% expected

• Unit Labor Costs in US rose less than expected in Q3.
• US Dollar Index continues to move sideways above 97.50.

Unit Labor Costs in the nonfarm business sector in the United States increased by 2.5% in the third quarter of 2019, the data published by the US Bureau of Labor Statistics showed on Tuesday. This reading followed the 3.6% increase registered in the second quarter and came in below the market expectation of +3.3%.

Further details of the publication revealed that Nonfarm Labor Productivity decreased by 0.2% in the third quarter.

These data were largely ignored by the US Dollar Index, which was last down 0.09% on the day at 97.56.