NonFarm Productivity 1.6% and labor cost 6.6% for 4Q in 2006

annualized rate at 1.6%, higher than expected, but down from 3% pace government reported last month. Productivity signals efficiency, having a long-term impact. It is a single feat allowing economy to grow faster without any inflation, helping exporting, and enriching both households and corporations. If it slows, inflation and unemployment will follow. 6.6% labor cost reflects one-time bonus.