ECONODAY: An upgrade for fourth-quarter output, first indicated by last week's second estimate for fourth-quarter GDP, gave productivity a lift and brought down unit labor costs. But productivity is still in the contraction column, at an annualized rate of minus 2.2 percent vs an initial estimate of minus 3.0 percent, while labor costs rose at annualized 3.3 percent vs an initial estimate of 4.5 percent. Output as measured in this report rose at an annualized 1.0 percent in the quarter vs an initial estimate of only plus 0.1 percent...
