US Unit Labour Costs QoQ Prel (Q4) Q/Q 2.8% vs. Exp. 2% (Prev. -1.8%, Rev. From -1.9%)

US Unit Labour Costs QoQ Prel (Q4) Q/Q 2.8% vs. Exp. 2% (Prev. -1.8%, Rev. From -1.9%)

The preliminary reading for US unit labor costs in Q4 came in at 2.8%, which exceeds expectations of 2%. This is a significant shift from the previous quarter's decline, suggesting upward pressure on labor costs that could impact inflation dynamics and potentially influence Federal Reserve policy going forward.