BLS halves its estimate of 4Q gain<br> in U.S. productivity

WASHINGTON – The nation’s productivity in the last quarter was lower than previously thought, and labor costs were higher, The U.S. Labor Department’s Bureau of Labor Statistics said today. Non-farm productivity rose at an annual rate of 1.6 percent in the fourth quarter, the BLS said. That was only 53 percent of the 3-percent rate…

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