U.S. nonfarm unit productivity fell at a 0.4% annual rate in the fourth quarter, off from the 3.2% growth estimates in the preliminary reading and from 1.5% growth in the third quarter, the Bureau of Labor Statistics reported yesterday.

Unit labor cost growth increased at a 5.7% rate in the fourth quarter, up from the 1.8% rate in the preliminary fourth-quarter reading and the 2.6% pace in the prior quarter.

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