Early Update – CPI Concerns

10:44 a.m. ET In additional economic data, second quarter nonfarm business sector labor productivity decreased 4.6% (consensus -4.5%) on the heels of a downwardly revised 7.4% decrease (from -7.3%) in the first quarter. Unit labor costs surged 10.8% in the second quarter following an upwardly revised 12.4% increase (from 12.3%) in the first quarter. The…