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Despite trade issues, productivity making solid gains

Nonfarm productivity grew at a 1.4% pace in the fourth quarter after slipping 0.2% a quarter earlier, the Labor Department reported Thursday.

The rise helped keep down unit labor costs, which grew by 1.4% in the quarter, after climbing 2.5% in the third quarter.

Economists polled by IFR Markets expected a 1.5% rise in productivity and a 1.3% bump in unit labor costs.

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