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QoQ Change in Revised Quarterly Non-Farm Productivity in the US

Country:
USDUnited States
Importance:
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About QoQ Change in Revised Quarterly Non-Farm Productivity in the US

The revised value for quarterly nonfarm sector labor productivity (quarter-over-quarter) is an indicator that shows how much labor productivity in the U.S. nonfarm sector has increased or decreased relative to the previous quarter. This data is published by the U.S. Bureau of Labor Statistics (BLS) and is based on preliminary estimates that have been revised.

The quarter-over-quarter data helps understand how labor productivity is fluctuating in the short term. If labor productivity is increasing, it indicates that business efficiency is improving and the economy is expanding. Conversely, if labor productivity is decreasing, it suggests a decline in business efficiency and potential economic stagnation.

This data serves as a reference for policymakers in assessing labor market trends and formulating appropriate economic policies. It is also a crucial source of information for businesses and investors for understanding trends in labor productivity and forecasting economic outlooks.

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