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Nonfarm productivity and ULC improve

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Higher productivity and lower ULC growth rates in Q4. But the ULC trend still a headwind to lower inflation. A spike in job cut announcements, but a decline in initial jobless claims last week. The labor market is still tight. Light vehicle sales rebound in January amid some easing in prices. Factory orders increase.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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