US – 4Q productivity
12/02/2018 07:48 pm MYT
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In 4Q 2017, US non-farm business sector labour productivity fell at a seasonally adjusted annual rate of 0.1%. Output and hours worked rose by 3.2% and 3.3% respectively – see tables 1 and 2. Meanwhile, unit labour costs rose by 2.0%. When compared with a year ago, non-farm business sector labour productivity rose by 1.1% – see figure 1.


For the whole of 2017, productivity increased by 1.2%, after dropping 0.1% in 2016. However, it remained below its long-run average of a 2.1% increase for the 7th consecutive year.


Note from Publisher
In a seminar organised by Capital Dynamics in 2002, Tan Teng Boo said that the modernisation of China is a transformation that happens only once in a millennium. In the 17 years that followed, we have seen a glimpse of the impact coming from China’s transformation.

Feeling increasingly insecure, the US has launched a multi-pronged war on China, which has caused great uncertainty around the world. The clash between the two global giants is expected to be long-drawn, lasting decades. Hence, it is important that one has a deep and sound understanding of the US-China tensions and relations. In the coming 2018/2019 Global Investor Week on 13 and 14 April 2019, we have invited prominent speakers from China, US, Africa, and Asia to share their candid views based on their unique perspectives. Closer to home, the rapid changes in Malaysia’s political scene are of utmost concern to Malaysians. How will Malaysia’s political future play out ? Come and listen to the insights from leading experts on Malaysian politics.

Many other exciting programmes have been planned for the 2018/2019 Global Investor Week. Please visit for more details.
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