Labor costs point to corporate profit as main inflation driver ...Middle East

The continued drop in labor costs has economists pointing to private sector profits as a main driver of inflation, undercutting arguments from the Federal Reserve regarding its plan to bring down consumer prices that remain around 40-year highs. Unit labor costs, which are measured by the Labor Department to determine how much businesses are paying for workers to produce their goods and services, have been getting outpaced by profits over several quarters, leading economists to call out a trend. Paul Donovan, an economist with Swiss Bank UBS, wrote in a note to investors saying that Wednesday’s labor cost numbers showed again that corporate profits are rising faster than labor costs

Hence then, the article about labor costs point to corporate profit as main inflation driver was published today ( Friday 09/12/2022 - 02:32 PM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Labor costs point to corporate profit as main inflation driver )

Also on site :

• France to ditch American video conferencing services
• EU’s Kallas privately complaining about ‘dictator’ von der Leyen – Politico
• This Las Vegas Attraction Is Part Art Space, Part Theme Park—And It’s Expanding in 2026