US Nonfarm Productivity q/q reflects relationships between the real labor efficiency and the working time spent. The indicator is calculated as a change in the volume of goods or services produced per working hour in the given quarter compared to the previous one. Farming industry is excluded from the indicator calculation.
The productivity level characterizes improvement of technologies, investment efficiency, the quality of materials and the ergonomic use of enterprise capacities. Therefore the index growth may have a positive effect on dollar quotes.
The chart of the entire available history of the "United States Nonfarm Productivity q/q" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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