—WASHINGTON  The decline in fourth quarter U.S. nonfarm productivity was revised up slightly to a 1.9% drop from the 2.0% decline initially reported, as output growth slowed dramatically and the growth in hours worked was stronger than in the previous quarter, data released by the Bureau of Labor Statistics Thursday showed.

As a result of the sharp drop in productivity growth and a solid increase in compensation, unit labor costs rose 4.6%, essentially unchanged from the previous estimate, and after an upwardly revised 1.9% decline in the previous quarter. Analysts in an MNI survey had expected unit labor costs to rise 4.5%.

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