FXstreet.com (Barcelona) - Non Farm productivity has grown in the firs three months of the year, compared to the previous quarter, while unit labour costs have moderated, according to preliminary data released by the US Labor Department.

Non farm productivity has risen 2.2% in the United States from the 1.9% rise posted in the previous quarter, while in the business sector, productivity has risen 1.9%. The main reason for the increase, in both sectors, has been the reduction of hours worked.

Unit labour costs have risen 2.2% in the first quarter of 2008, a considerably lower increase than the 2.8% posted in the last quarter of 2007, and lower than the 2.5% increase expected by the analysts.