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Golden Ten Data, May 7 – U.S. labor productivity growth slowed in the first quarter, indicating that companies are gradually improving employee efficiency to ease cost pressures. Data from the U.S. Bureau of Labor Statistics on Thursday showed that labor productivity, measured by output per hour for nonfarm employees and annualized, increased by 0.8%, with the fourth-quarter growth rate revised down to 1.6%. Compared with the previous year, labor productivity grew by 2.9%, marking the largest annual increase since 2024. The recent trend of improved efficiency helps ensure that wage pressure no longer becomes a source of inflation, which aligns with the views of Federal Reserve officials. Companies are also increasing investments in technologies such as artificial intelligence to offset pressures from rising other costs. Labor costs are the largest expense item for many companies. Unit labor costs (i.e., the cost paid to employees by a company to produce one unit of output) rose by 2.3% from the previous quarter. Hourly wages before inflation adjustment rose by 3.1% on an annualized basis, while inflation-adjusted real wages saw a decline at the beginning of the year. The report also showed that U.S. manufacturing labor productivity recorded the largest quarterly increase in a year during the first quarter, reversing the downward trend seen at the end of last year. Excluding the impact of government spending, nonfarm business output in the first quarter grew by 1.5% on an annualized basis, slightly above the level at the end of 2025.

SoFi's crypto business reported trading revenue of $122 million in the first quarter, with costs totaling $121 million and a net income of $852,000. The company reported 239,500 crypto accounts (defined as accounts opened, not active users). In December last year, SoFi launched the SoFiUSD stablecoin for enterprise payments and partnered with Mastercard to provide settlement services.

BlockBeats News, May 7th, the World Gold Council announced that in April, global Gold ETF funds saw a net inflow of $6.6 billion, driving the total assets under management up by 1% to $615 billion. Although the global gold trading volume in April decreased compared to the previous month, it still remained above the average level for 2025. All regions recorded a net inflow of funds, with Europe (+$3.7 billion) leading the way; Asia (+$1.8 billion) and North America (+$1 billion) also saw significant inflows of funds. According to Bitget market data, spot gold is currently trading at $4748 per ounce, with a 24-hour increase of 1.22%.