US Q3 prelim unit labor costs -0.8% vs +0.7% expected ...Middle East

Prior was +2.2% (revised to +3.2%)Q3 productivity +4.7% vs +4.1% expectedPrior productivity +3.5% (revised to +3.6%)The plain takeaway from this data is that it's disinflationary as productivity surges but measuring it is notoriously difficult so I'd be careful trading on this data. This article was written by Adam Button at www.forexlive.com.

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