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

2024-09-06 3604

(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

European Stocks Close Lower Again On Growth Concerns

Thai Stock Market Due For Profit Taking On Friday

Australian Market Slightly Higher

Swiss Market Ends Notably Lower

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

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

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

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips

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Trader

Spot gold trading profits are eliminated, and today's trading is over.

The gold market is not suitable for chasing long positions, selling at high levels is the main strategy, and taking profits from selling orders is eliminated.

Gold sell orders take profit and exit, the entry point is not very good, continue to wait for opportunities.

Crude oil and gold trading took profit, earning $15751.

Trading of USDJPY, EURUSD, and XAUUSD took profit and ended today.

This week, gold trading has maintained one order per day, with 4 orders profitable and 1 order losing, resulting in a total profit of 651 US dollars. We will continue to maintain this trend.

This week, foreign exchange gold trading incurred a total loss of $7855, with trading varieties including EURUSD, USDJPY, GBPUSD, and gold. It has been losing money for two consecutive weeks Come on next week, turn losses into profits.

This week, gold trading saw a slight profit of $130, and gold prices continue to hit new highs. If the Federal Reserve cuts interest rates, gold prices will continue to hit new highs.

This week, the gold trading made a total profit of $1437, and the gold price hit a new historical high. The market will continue to be strong next week, so be cautious in selling and close as soon as possible.

This week, the gold market has experienced a strong rise, reaching a historic high, with a total loss of $7131 in trading for the week.

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

European Stocks Close Lower Again On Growth Concerns

Thai Stock Market Due For Profit Taking On Friday

Australian Market Slightly Higher

Swiss Market Ends Notably Lower

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

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

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

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips

Please sign in

Trader

Spot gold trading profits are eliminated, and today's trading is over.

The gold market is not suitable for chasing long positions, selling at high levels is the main strategy, and taking profits from selling orders is eliminated.

Gold sell orders take profit and exit, the entry point is not very good, continue to wait for opportunities.

Crude oil and gold trading took profit, earning $15751.

Trading of USDJPY, EURUSD, and XAUUSD took profit and ended today.

This week, gold trading has maintained one order per day, with 4 orders profitable and 1 order losing, resulting in a total profit of 651 US dollars. We will continue to maintain this trend.

This week, foreign exchange gold trading incurred a total loss of $7855, with trading varieties including EURUSD, USDJPY, GBPUSD, and gold. It has been losing money for two consecutive weeks Come on next week, turn losses into profits.

This week, gold trading saw a slight profit of $130, and gold prices continue to hit new highs. If the Federal Reserve cuts interest rates, gold prices will continue to hit new highs.

This week, the gold trading made a total profit of $1437, and the gold price hit a new historical high. The market will continue to be strong next week, so be cautious in selling and close as soon as possible.

This week, the gold market has experienced a strong rise, reaching a historic high, with a total loss of $7131 in trading for the week.

Tags

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