- US Unit Labor Costs rose less than expected in the third quarter.
- The Dollar Index remains in negative territory near 105.00.
Unit Labor Costs in the non-agricultural business sector they increased 2.4% in the third quarter of 2022, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below market expectations for a 3.2% rise.
Other details in the publication revealed that non-farm productivity increased by 0.8% in the same period, against the market expectation of 0.5%.
Market Reaction
These figures do not seem to have a significant impact on the evolution of the dollar against its main rivals. At the time of writing these lines, the dollar index lost 0.4% and stands at 105.15.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
