Economists polled by Reuters had expected productivity growth would be revised down to a 2.0% rate from the previously reported 2.8% pace. Unit labour costs — the price of labour per single unit of output — increased at a 4.4% rate last quarter. Economists had forecast growth in unit labour costs would be revised up to a 3.5% rate. Growth in unit labour costs for the third quarter was revised down to a 1.0% pace from a 1.8% rate. Unit labour costs increased 2.3% in 2025.

Source: The Edge Markets March 24, 2026 15:24 UTC