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US productivity fell at 2 percent rate

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WASHINGTON (AP) -- U.S. worker productivity shrank in the final three months of 2012 although the decline was caused by temporary factors.

The Labor Department says productivity contracted at an annual rate of 2 percent in the October-December quarter, the biggest drop since the first quarter of 2011. Productivity had risen at 3.2 percent rate in the July-September quarter.

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