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Q4 Prelim Nonfarm Prod +1.4%; Unit Lbr......>

US DATA
US DATA: Q4 Prelim Nonfarm Prod +1.4%; Unit Lbr Costs +1.4%
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- Q4 nonfarm productivity +1.4% (highest since Q2 2019) vs -0.2% Q3
- Prelim 2019 nonfarm productivty +1.7% (highest since 2010) 
- Q4 unit lbr costs +1.4% vs +2.5% Q3  
- Q4 productivity +1.8% y/y vs 1.5% y/y Q3
- ULC +2.4% y/y (highest since Q1 2018) vs +2.2% in Q3
- Mfg productivty -1.2%; unit lbr costs +5.9%
- Mfg unit lbr costs +5.3% y/y (highest since Q2 2015)
- Mfg hourly compensation +4.6% y/y (highest since 2009 Q2) 

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