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MNI: US DATA: Q1 NONFARM PRODUCTIVITY -0.9%..........>

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MNI: US DATA: Q1 NONFARM PRODUCTIVITY -0.9%
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U.S. Q1 nonfarm productivity fell by a revised -0.9% (prev -2.5%). The revision
was primarily driven by a 0.3 percentage-point downward revision to output and a
1.8-percentage-point downward revision to hours worked. Unit labor costs were
revised up to 5.1% from the 4.8% reported last month, reflecting a 2.0pp upward
revision to hourly compensation.

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