New data Nonfarm Productivity QoQ (Q2)
9/5/2024
actual 2.5, previous 0.4
The event is the Nonfarm Productivity QoQ (Quarter over Quarter) for the second quarter of the year. It is a measure of the efficiency of production in the nonfarm sector of the US economy.- Country: US
- Currency: USD
- Date: September 5, 2024
- Time: 12:30:00
- Unit: %
- Impact: Low
- Previous: 0.4
- Estimate: 2.4
- Actual: 2.5
- Change: 2.1
- Change Percentage: 525%
The actual value of 2.5% exceeded both the previous value of 0.4% and the estimated value of 2.4%. This indicates an increase in nonfarm productivity in the US for the second quarter, which could have implications for economic growth and labor market conditions.
This is not investment advice. Remember to verify the information provided here.
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