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U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

2024-09-05 1493

(fxcue news) - A report released by the Labor Department on Thursday showed labor productivity in U.S. jumped by more than previously estimated in the second quarter, while unit labor costs rose by less than previously estimated. The Labor Department said labor productivity shot up by 2.5 percent in the second quarter compared to the previously reported 2.3 percent surge. Economists expected the pace of productivity growth to be unrevised. The upwardly revised productivity growth in the second quarter reflects a significant acceleration compared to the 0.4 percent increase in the first quarter. Meanwhile, the report said unit labor costs rose by 0.4 percent in the second quarter compared to the previously reported 0.9 percent advance. Economists had expected the pace of labor cost growth to be unrevised. The downwardly revised increase in labor cost growth in the second quarter compares to the 3.8 percent spike seen in the first quarter.

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U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

Asian Markets Trade Mostly Higher

Sensex

Japanese Market Slightly Higher

U.S. Private Sector Job Growth In August Slowest Since January 2021

OpenAI Co-founder's New AI Startup SSI Raises $1 Bln

U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

U.S. Weekly Jobless Claims Edge Down Slightly More Than Expected

Yen Rises Against Majors

Please sign in

Trader

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

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U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

Asian Markets Trade Mostly Higher

Sensex

Japanese Market Slightly Higher

U.S. Private Sector Job Growth In August Slowest Since January 2021

OpenAI Co-founder's New AI Startup SSI Raises $1 Bln

U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

U.S. Weekly Jobless Claims Edge Down Slightly More Than Expected

Yen Rises Against Majors

Please sign in

Trader

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

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