By: Bloomberg Finance L.P. and Wells Fargo Economics
Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts.
The most significant highlights are:
- Nonfarm Productivity (QoQ) declining from 5.2% to 2.1%
- Unit Labor Costs (QoQ) increasing from -1.2% to 2.4%
- Nonfarm Payrolls declining 28% from 216K to 155K
