2017 Wage Growth At Lowest In 9 Years

US nonfarm labor costs rose just 0.35% YoY in 2017 – the weakest growth in American worker compensation since 2010…

While the headline revisions to Q4 unit labor costs and productivity were better than expected…

Unit labor costs +2.5% (vs 2.0% exp)…

Q4 productivity was revised up to unchanged from -0.1%…

 

2017 remains a dismal year for American workers…