U.S. Labor Costs Growth Lowered to 2.5% for Q3
The sharp downward revision suggests inflation will continue to run below the Federal Reserve’s 2% target.
U.S. Trade Deficit Jumps to Five-Month High
Trade tensions between the United States and China continue to spur volatility.
U.S. Productivity Surges to 3.6% Gain in Q1
“The rebound in productivity is restraining labor costs and keeping inflation in check,” an economist says.
Execs’ Optimism About Economy Drops to 34%
Trade tensions and the China slowdown "have contributed to a sense of uncertainty and pessimism about the global economy," AICPA says.
PwC Hires More Companies’ Tax Teams
In the latest deal under the professional services firm's "insourcing" managed-service strategy, most of Synchrony's tax department is now on its payroll.
How to Deal With the 5 Stages of Business Distress
No matter how grim things become, it's important to face each level of distress as soon as it arises and with full transparency.
U.S. Trade Deficit Falls 15% to $49 Billion
Despite the March decline, the U.S. is still “on track to run another large trade gap in 2018 that exceeds the deficit in the prior year."
Productivity Growth Revised Upward to Zero
Despite the revision, productivity in the first quarter still showed the worst performance since the second quarter of last year.
Unit Labor Costs Surge 0.7% in Third Quarter
The increase was more than double the government's initial estimate, reflecting rising hourly wages amid low unemployment.
Labor Cost Benchmark Rises Only 0.6% in Q1
“We continue to be on track for very slow progress,” an economist says of the small increase in wages despite a strengthening labor market.
U.S. Productivity Up Slightly
Worker hours fell but output increased; real hourly compensation and labor costs rose.