Economic Data For The Day Comes In Basically In Line

U.S. economic data came in basically in line with estimates this morning. Non-farm productivity was the outlier with an increase of 1.9% vs 1.6% estimate for Q4.

Unit labor costs increased 2.0% vs 1.6% consensus for Q4.

Initial jobless claims for week of Feb 23 came in at +223,000 vs +225,000 estimate.

Continuing jobless claims came in at 1.755M vs 1.775M estimate for Jan 25.