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US DATA: 4Q nonfarm productivity rev up to flat vs expected unrevised 
-0.1%. However, unit labor costs were rev up to +2.5% vs +2.1% expected 
and +2.0% previously. 
- For 3Q, productivity rev down to +2.6% vs +2.7% prev and ULC rev 
up sharply to +1.0% vs prev -0.1%, so overall it is a report that showed 
stronger labor cost gains than previously estimated. 
- Nonfarm productivity +1.1% y/y vs +1.4% in 3Q, while ULC +1.7% y/y vs 
-0.4% y/y in 3Q.
- 4Q output growth and hours worked growth were both unrevised.

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