US labor prices preliminary for Q2 1.6% versus 1.5% estimate

• Prior quarter 6.9% for unit labor costs and -1.8% for productivity.
• Unit labor costs 1.6% versus 1.5% estimate
• Productivity preliminary 2.4% versus 2.0%.. The prior month was revised to -1.8% from -1.5%

The data can be a little squirrely as a result of tariffs and Steve Leisman on CNBC says that AI may not be truly showing the impact of productivity.

This article was written by Greg Michalowski at investinglive.com.