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In the World 26th March 2026

Final figure for Q4 2025 US labour costs: 4.4% year-on-year, compared with preliminary figure of 2.8%

Bankinter | Unit labour costs in Q4 2025 (final figure) rose by 4.4%, exceeding the expected 3.6% versus the preliminary 2.8% and compared with the previous drop of 1.8%. Productivity moderated to 1.8%, in line with expectations, from the preliminary 2.8% and 5.2% in Q3 2025. Analysis team’s view: cost pressures in the labour market increased in Q4 2025. It should be noted that Q4 2025 GDP (during which the…

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In the World 10th March 2026

US job creation surprises negatively, falling to minus 92K and pushing unemployment to 4.4%

Bankinter | Non-farm payrolls in February surprised negatively, falling to negative 92K (compared to the expected positive 65K and the previous positive 126K). The unemployment rate rose to 4.4% (versus the expected 4.3% and the previous figure). Non-farm payrolls in February surprised negatively, falling to negative 92K from the previous positive 126K (revised from 130K), a figure well below market expectations (65K). This is the weakest job creation figure since…