US: Unit Labour Costs rise 11.6% QoQ in Q1 2022, versus expected 9.9% gain

Unit Labour Costs in the US rose at a QoQ pace of 11.6% in Q1 2022, well above the expected 9.9% rise on the quarter and following a 0.9% QoQ rise in Q4 of last year, data released by the Bureau of Labour Statistics on Thursday showed.