| Country: |
USA
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| Definition: |
Productivity is an indicator of labor factor use efficiency
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| Description: |
The index is typically measured as output per worker. The index is useful for prediction of the inflation and productivity increase. If labor costs increase relatively to productivity increase, and moreover process costs increase is doubtful, it won't cause inflationary growth. The final opinion about process costs may be made while comparing the index with the GDP. The reading influences greatly on the market, but sometimes misinforms participants, as the employment fall often causes productivity growth. It may be caused also by strikes
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| Influence: |
The index growth is a positive factor for the national economy development
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| Market Importance: |
|
| Released: |
Released quarterly, twice for the previous quarter till 10th of every month (initial and final reading), on the 2nd Tuesday of the 2nd month of each quarter, for the previous quarter at 08:30 AM ET
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| Source: |
Bureau of Labor Statistics, U. S. Department of Labor
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