U.S. non-farm productivity for the first quarter revised to 0.9% decrease

On Wednesday, the Bureau of U.S. Labor Statistics reported that the figure for productivity of non-farm business sector was revised down to the level of 0.9% drop in Q1 . This is a steeper decline than an earlier estimated drop of 0.5% and also a sharper fall than expected 0.7%. The bureau also reported that unit labor costs grew by 1.3%, which is less than an expected 2.0% increase.