WASHINGTON — U.S. non-farm productivity dropped at a revised 0.9% annualized rate in the first quarter of 2012, originally reported as a 0.5% decrease, after rising 1.2% in the fourth quarter of 2011, the Labor Department reported Wednesday.

The decline reflected increases of 2.4% in output and 3.3% in hours worked, the department said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.