Productivity and Costs News Release



Internet address:      http://www.bls.gov/lpc/         USDL 09-0223
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                             PRODUCTIVITY AND COSTS
                Fourth Quarter and Annual Averages, 2008 Revised
                
                
        The Bureau of Labor Statistics of the U.S. Department of Labor today 
reported revised fourth-quarter seasonally-adjusted annual rates of 
productivity change--as measured by output per hour of all persons--and 
revised changes for calendar year 2008.  Percent changes in business and 
nonfarm business productivity were:

                                        Fourth          Annual averages 
                                        quarter           2007-2008
                                        
Business sector                         -0.4                 2.7 
Nonfarm Business sector                 -0.4                 2.8 


        Productivity growth for the fourth quarter of 2008 was revised down by 
3.5 percentage points in the business sector and 3.6 percentage points in the 
nonfarm business sector from the estimates published February 5.  In both 
sectors output was revised down by 3.2 percentage points and hours were 
revised up by 0.1 percentage point.  Productivity growth during calendar year 
2008 was not revised in either sector.  

        In the manufacturing sector, percent changes in productivity were:

                                        Fourth          Annual averages 
                                        quarter           2007-2008
                                        
Manufacturing sector                    -4.0                 1.5 
  Durable goods manufacturing          -14.8                 1.6 
  Nondurable goods manufacturing         7.6                 1.0
  

==============================================================================
Data in this release reflect annual benchmark revision of BLS Current 
Employment Statistics program data on nonfarm employee hours, and revised 
seasonal adjustment of those data.  Also, hours of other nonfarm and farm 
workers based on the BLS Current Population Survey incorporate new seasonal 
adjustment factors.  Due to these revisions, hours measures for all major 
sectors were revised back to the first quarter of 2004 and appear in detail 
in tables 1 through 6 and appendix tables 1 through 6.  See Revised 
Measures.
==============================================================================


        In the manufacturing sector, productivity fell 1.0 percentage point 
more than was reported Feb. 5, as a 1.0 percentage point downward revision to 
output was partially offset by a 0.1 percentage point downward revision to 
hours.  Annual average growth in manufacturing productivity from 2007 to 2008 
was revised up by 0.2 percentage point.  Output and hours in manufacturing, 
which includes about 12 percent of U.S. business-sector employment, tend to 
vary more from quarter to quarter than data for the aggregate business and 
nonfarm business sectors. Fourth-quarter productivity and related measures 
are summarized in table A and appear in detail in tables 1 through 5.  
Preliminary and revised fourth-quarter and annual data appear in table C.


------------------------------------------------------------------------------
Table A. Productivity and costs: Revised fourth-quarter 2008 measures
(Seasonally adjusted annual rates)
------------------------------------------------------------------------------
                                                             Real
                                                  Hourly     hourly      Unit
                 Produc-                          compen-    compen-     labor
Sector           tivity    Output     Hours       sation     sation      costs
------------------------------------------------------------------------------
                        Percent change from preceding quarter
                        
 Business          -0.4     -8.4      -8.0          5.0       15.6         5.4
 Nonfarm Business  -0.4     -8.7      -8.3          5.3       15.9         5.7
 Manufacturing     -4.0    -17.7     -14.2         10.1       21.2        14.7
   Durable        -14.8    -26.9     -14.2         10.1       21.2        29.1
   Nondurable       7.6     -7.7     -14.2         10.1       21.3         2.3
------------------------------------------------------------------------------
                        Percent change from same quarter a year ago
                        
 Business           2.2     -1.8      -3.9          4.0        2.5         1.8
 Nonfarm Business   2.2     -1.8      -4.0          4.1        2.5         1.8
 Manufacturing     -1.1     -8.0      -6.9          5.6        4.0         6.8
   Durable         -3.5    -10.6      -7.4          6.0        4.4         9.8
   Nondurable       0.8     -5.3      -6.1          4.9        3.3         4.1
------------------------------------------------------------------------------


        The data sources and methods used in the preparation of the 
manufacturing series differ from those used in preparing the business and 
nonfarm business series, and these measures are not directly comparable.  
Output measures for business and nonfarm business are based on measures of 
gross domestic product prepared by the Bureau of Economic Analysis of the 
U.S. Department of Commerce.  Quarterly output measures for manufacturing 
reflect indexes of industrial production prepared by the Board of Governors 
of the Federal Reserve System.  See Technical Notes for further information 
on data sources.


Business

        Productivity in the business sector decreased 0.4 percent in the 
fourth quarter of 2008, as output decreased 8.4 percent and hours of all 
persons decreased 8.0 percent (seasonally adjusted annual rates).  The decline
in output was the largest since the first quarter of 1982 (-8.6 percent) and 
the decline in hours was the largest since the first quarter of 1975 (-12.1 
percent).  When the fourth quarter of 2008 is compared to the fourth quarter 
of 2007 output per hour increased 2.2 percent (tables A and 1).

        Hourly compensation grew at a 5.0 percent annual rate in the fourth 
quarter.  This measure includes wages and salaries, supplements, employer 
contributions to employee-benefit plans, and taxes.  Real hourly compensation 
increased 15.6 percent in the fourth quarter.  This measure takes into 
account changes in consumer prices, which fell at a 9.2 percent annual rate 
in the fourth quarter. 

        Unit labor costs, which reflect changes in hourly compensation and 
productivity, increased 5.4 percent during the fourth quarter, after rising 
3.3 percent in the third quarter.  The implicit price deflator for business 
sector output edged down 0.1 percent in the fourth quarter of 2008, but 
increased 1.7 percent from the same quarter a year ago.


Nonfarm Business

        In the nonfarm business sector, productivity decreased at an annual 
rate of 0.4 percent in the fourth quarter of 2008, as output decreased 8.7 
percent and hours of all persons--employees, proprietors, and unpaid family
workers--decreased 8.3 percent.  As in the business sector, the decline in 
nonfarm business output was the largest since the first quarter of 1982 (-8.7 
percent) and the decline in hours was the largest since the first quarter of 
1975 (-12.0 percent).  Productivity increased 2.2 percent during the last 
four quarters (table 2).

        Hourly compensation grew 5.3 percent in the fourth quarter of 2008.  
Real hourly compensation rose steeply, 15.9 percent, when the 9.2 percent 
decrease in consumer prices was taken into account.  This was the largest 
increase in the real hourly compensation series, which begins in the second 
quarter of 1947.  As in the business sector, real hourly compensation rose 
2.5 percent during the past four quarters.

        Unit labor costs increased 5.7 percent in the fourth quarter and 1.8 
percent over the last four quarters.  The implicit price deflator for nonfarm 
business increased 0.5 percent in the fourth quarter after increasing 4.7 
percent in the previous quarter.

                 
Manufacturing

        Manufacturing productivity, output, and hours all declined in the 
fourth quarter of 2008; output per hour fell 4.0 percent, output dropped 17.7 
percent, and hours fell 14.2 percent.  These were the largest declines for 
each of these series, which begin with data for the second quarter of 1987.  
From the fourth quarter of 2007 to the fourth quarter of 2008 manufacturing 
productivity decreased 1.1 percent, output fell 8.0 percent and hours fell 
6.9 percent (table A). 

        In the durable goods manufacturing sector, productivity dropped 14.8 
percent in the fourth quarter of 2008, as output fell 26.9 percent and hours 
declined 14.2 percent.  These were the largest decreases in output and output 
per hour for the entire series beginning in the second quarter of 1987.  In 
the nondurable goods sector, productivity rose 7.6 percent in the fourth 
quarter as hours fell faster than output; output declined 7.7 percent and 
hours fell 14.2 percent.  

        Hourly compensation of all manufacturing workers increased 10.1 
percent during the fourth quarter of 2008, and after taking into account the 
9.2 percent decrease in consumer prices, real hourly compensation in 
manufacturing rose a series-high 21.2 percent.  Hourly compensation also rose 
10.1 percent in durable and nondurable manufacturing; real hourly 
compensation increased 21.2 percent and 21.3 percent, respectively.

        Unit labor costs in manufacturing increased 14.7 percent in the fourth 
quarter of 2008.    These cost increases were concentrated in durable goods 
manufacturing where unit labor costs rose 29.1 percent; unit labor costs rose 
2.3 percent in nondurable goods industries.  Over the last four quarters 
manufacturing unit labor costs increased 6.8 percent. 


         
                        ANNUAL AVERAGE CHANGES, 2007-2008
                        
                        
Business and Nonfarm Business

        When annual averages for 2008 were compared with annual averages for 
2007, labor productivity increased 2.7 percent in the business sector and 2.8 
percent in the nonfarm business sector (table B).  In both sectors, the 
productivity gains were the largest since 2004, due more to declines in hours 
than the small gains in output, and were larger than the 2.5 percent average 
annual increase during the 2000-2007 period. 

        In 2008, hourly compensation increased 3.6 percent and 3.7 percent in 
the business and nonfarm business sectors, respectively.  Because consumer 
prices increased more, 3.8 percent, real hourly compensation fell slightly.  
The annual decline in this measure of purchasing power was the first since 
small declines occurred in three consecutive years--1993, 1994, and 1995. 

        Unit labor costs rose just 0.9 percent in both the business and 
nonfarm business sectors during 2008, as hourly compensation growth was 
largely offset by productivity growth.  Unit labor costs had increased 1.4 
percent from 2000 to 2007 in both sectors.


------------------------------------------------------------------------------
Table B. Productivity and costs: Revised 2008 annual averages
(Seasonally adjusted annual rates)
------------------------------------------------------------------------------
                                                             Real
                                                  Hourly     hourly      Unit
                Produc-                           compen-    compen-     labor
Sector          tivity      Output    Hours       sation     sation      costs
------------------------------------------------------------------------------
                        Percent change from previous year
                        
Business          2.7        0.8      -1.9          3.6       -0.2         0.9
Nonfarm Business  2.8        0.8      -1.9          3.7       -0.1         0.9
Manufacturing     1.5       -2.5      -3.9          4.0        0.2         2.5
  Durable         1.6       -2.6      -4.2          4.2        0.3         2.5
  Nondurable      1.0       -2.4      -3.4          3.8        0.0         2.8
------------------------------------------------------------------------------  
  
  
Manufacturing

        In the manufacturing sector, labor productivity rose 1.5 percent in 
2008 as output fell 2.5 percent but hours fell faster, 3.9 percent (table B).  
Durable manufacturing output per hour increased 1.6 percent as output fell 
2.6 percent and hours fell 4.2 percent, while in nondurable goods industries 
productivity increased 1.0 percent, output fell 2.4 percent and hours fell 
3.4 percent.  Total manufacturing productivity had grown at a 3.7 percent 
average annual rate from 2000 to 2007.

        Hourly compensation of manufacturing workers increased 4.0 percent in 
2008, which is the same as the average annual rate of growth from 2000 to 
2007.  The gain in hourly compensation was offset by the 3.8 percent increase 
in consumer prices, and real hourly compensation edged up 0.2 percent.  Unit 
labor costs in manufacturing increased 2.5 percent in 2008, as hourly 
compensation increased more than productivity.  These costs had increased at 
a 0.3 percent average annual rate from 2000 to 2007.  

                                                
------------------------------------------------------------------------------
Table C. Previous and revised productivity and related measures:
Fourth-quarter 2008, third-quarter 2008, and annual averages 2008
(Seasonally adjusted annual rates)
------------------------------------------------------------------------------
                                                               Real
                                                     Hourly    hourly    Unit
                        Produc-                      compen-   compen-   labor
Sector                  tivity    Output   Hours     sation    sation    costs
------------------------------------------------------------------------------
                        Percent change, fourth quarter 2008
                        
Business:                                               
  Previous                3.1      -5.2     -8.1        4.7     15.3       1.5
  Revised                -0.4      -8.4     -8.0        5.0     15.6       5.4
Nonfarm Business:                                               
  Previous                3.2      -5.5     -8.4        5.0     15.6       1.8
  Revised                -0.4      -8.7     -8.3        5.3     15.9       5.7
Manufacturing:                                          
  Previous               -3.0     -16.7    -14.1        9.8     20.9      13.3
  Revised                -4.0     -17.7    -14.2       10.1     21.2      14.7
------------------------------------------------------------------------------  
                        Percent change, third quarter 2008 
                        
Business:                                               
  Previous                1.7      -1.8     -3.5        4.2     -2.3       2.5
  Revised                 2.3      -1.8     -4.0        5.7     -1.0       3.3
Nonfarm Business:                                       
  Previous                1.5      -1.9     -3.4        4.2     -2.4       2.6
  Revised                 2.2      -1.9     -3.9        5.7     -0.9       3.5
Manufacturing:                                           
  Previous               -3.3      -8.8     -5.7        4.9     -1.7       8.4
  Revised                -2.2      -8.6     -6.5        5.4     -1.3       7.8
------------------------------------------------------------------------------
                        Percent change, 2007 - 2008
                        
Business:                                               
  Previous                2.7       1.0     -1.7        3.3     -0.5       0.6
  Revised                 2.7       0.8     -1.9        3.6     -0.2       0.9
Nonfarm Business:                                               
  Previous                2.8       1.0     -1.8        3.4     -0.4       0.5
  Revised                 2.8       0.8     -1.9        3.7     -0.1       0.9
Manufacturing:                                          
  Previous                1.3      -2.4     -3.7        3.9      0.1       2.5
  Revised                 1.5      -2.5     -3.9        4.0      0.2       2.5
------------------------------------------------------------------------------  
  
  
Revised Measures


        Quarterly and annual measures for all sectors were revised back to 
2004 to incorporate the annual benchmark adjustment and updated information on 
seasonal trends from the BLS nonfarm payroll series (table C and appendix 
tables 1-5).  Hours and related measures for the business and nonfarm 
business sectors were revised to incorporate updated information on seasonal 
trends in Current Population Survey data on hours worked.  Full quarterly and 
annual historical series are available on the BLS website, 
http://www.bls.gov/lpc/#data . 
        
        Previous and revised productivity and related data for the third 
quarter, fourth quarter, and full year 2008 for business, nonfarm business, 
and manufacturing are displayed in Table C.  In the business and nonfarm 
business sectors, productivity declined 0.4 percent in the fourth quarter of 
2008, rather than increasing as reported Feb. 5.  In both sectors, this 
resulted from a 3.2 percentage points downward revision to output, with hours 
little changed.  Also in both sectors, the downward revisions to productivity 
and the 0.3 percentage point upward revisions to hourly compensation resulted 
in upward revisions to unit labor costs of 3.9 percentage points.
        
        In the manufacturing sector, fourth-quarter productivity growth was 
revised down from -3.0 percent to -4.0 percent, due to the 1.0 percentage 
point downward revision to output; hours were revised down slightly.  The 
combination of the downward revision to productivity and a small upward 
revision to hourly compensation led to an upward revision in unit labor costs 
from 13.3 percent to 14.7 percent.
         
        Productivity growth was revised up in the business and nonfarm 
business sectors for the third quarter, due solely to downward revisions to 
hours; output was not revised.  In the manufacturing sector, productivity 
declined less than previously reported, reflecting a downward revision to 
hours and a slight upward revision to output.  Unit labor costs were revised 
up in the business and nonfarm business sectors for the third quarter, while
they were revised down in the manufacturing sector.  
        
        For the year 2008, productivity grew at the same rates reported Feb. 5 
in both the business and nonfarm business sectors--2.7 percent and 2.8 
percent, respectively.  Because hourly compensation was revised up in these 
two sectors, unit labor costs were revised up as well.  In the manufacturing 
sector, an upward revision to productivity was offset by an upward revision 
to hourly compensation, leading to unit labor costs not being revised. 


        
Revised measures: Nonfinancial corporations
       
        Measures for the nonfinancial corporate sector also were revised today 
to incorporate new information regarding output and compensation in the third 
quarter of 2008.  Productivity growth was revised up from the preliminary 
estimate due to an upward revision to output and a downward revision to 
hours.  Hourly compensation had an upward revision which, when paired with 
the upward revision to productivity, led to a slight upward revision to unit 
labor costs.  
                        
        
------------------------------------------------------------------------------
Table D.  Nonfinancial corporations:  Previous and revised productivity and 
cost measures
Quarterly percent changes at seasonally adjusted annual rates
------------------------------------------------------------------------------
                                          Real  
                                 Hourly   hourly   Unit               Implicit
        Produc-                  compen-  compen-  labor   Unit          price
        tivity  Output  Hours    sation   sation   costs   profits    deflator
------------------------------------------------------------------------------
                                Third quarter 2008
                                
Previous  5.5     2.1    -3.2     5.1     -1.5     -0.4      26.8        3.8
Revised   6.4     2.3    -3.9     6.1     -0.6     -0.3      26.5        3.8
------------------------------------------------------------------------------
        
       
                                Next release date

        The next release of Productivity and Costs is scheduled for 8:30 A.M. 
EDT, Thursday, May 7, 2009, and will present preliminary first-quarter 2009 
measures for business, nonfarm business, and manufacturing.  Fourth-quarter 
2008 and annual average data for 2008 for nonfinancial corporations will be 
released at that time.
 


				
				
				TECHNICAL NOTES

Labor Hours: Hours data for the labor productivity and cost measures include 
hours for all persons working in the sectorówage and salary workers, the 
self-employed and unpaid family workers.  The primary source of hours and 
employment data is the BLS Current Employment Statistics (CES) program, which 
provides monthly survey data on the number of jobs held by wage and salary 
workers in nonfarm establishments.  The CES also provides average weekly paid 
hours of production and nonsupervisory workers in these establishments.  
Weekly paid hours are adjusted to hours at work using data from the National 
Compensation Survey (NCS).  The BLS Hours at Work survey, conducted for this 
purpose, was used for earlier years.  The Office of Productivity and 
Technology estimates average weekly hours at work for nonproduction and 
supervisory workers using information from the Current Population Survey 
(CPS), the CES, and the NCS.
      Data from the CPS are used for farm labor, nonfarm proprietors, and 
nonfarm unpaid family workers.  Estimates of labor input for government 
enterprises are derived from the CPS, the CES, and the National Income and 
Product Accounts (NIPA) prepared by the Bureau of Economic Analysis (BEA) of 
the Department of Commerce.
      The CES measures jobs, counting a person who is employed by two or more 
establishments at each place of employment. In contrast, the CPS features 
measures of employment that count each person only once and classify each 
person according to his or her primary job; hours worked at all jobs by that 
person accrue to his or her primary job.  However, the CPS also collects more 
detailed information on employment and hours worked at primary jobs and all 
other jobs, separately.  The BLS productivity measures use the more detailed 
information on employment and hours to assign all hours worked to the correct 
industrial sector and avoid duplicating hours data from the CES.

Output: Business sector output is a chain-type, current-weighted index 
constructed after excluding from gross domestic product (GDP) the following 
outputs: general government, nonprofit institutions, and private households 
(including owner-occupied housing). Corresponding exclusions also are made in 
labor inputs. Business output accounted for about 78 percent of the value of 
GDP in 2000. Nonfarm business, which excludes farming, accounted for about 77 
percent of GDP in 2000.
      Annual indexes for manufacturing and its durable and nondurable goods 
components are constructed by deflating current-dollar industry value of 
production data from the U.S. Bureau of the Census with deflators from the 
BLS.  These deflators are based on data from the BLS producer price program 
and other sources.  The industry shipments are aggregated using annual 
weights, and intrasector transactions are removed.  Quarterly manufacturing 
output measures are based on the index of industrial production prepared 
monthly by the Board of Governors of the Federal Reserve System, adjusted to 
be consistent with annual indexes of manufacturing sector output prepared by 
BLS.  Durables include the following 3-digit NAICS industries: wood product 
manufacturing; nonmetallic mineral product manufacturing; primary metal 
manufacturing; fabricated metal product manufacturing; machinery 
manufacturing; computer and electronic product manufacturing; electrical 
equipment and appliance manufacturing; transportation equipment 
manufacturing; furniture and related product manufacturing; and miscellaneous 
manufacturing. Nondurables include: food manufacturing; beverage and tobacco 
product manufacturing; textile mills; textile product mills; apparel 
manufacturing; leather and allied product manufacturing; paper manufacturing; 
printing and related support activities; petroleum and coal products 
manufacturing; chemical manufacturing; and plastics and rubber products 
manufacturing.
      Nonfinancial corporate output is a chain-type, current-weighted index 
calculated on the basis of the costs incurred and the incomes earned from 
production.  The output measure excludes the following outputs from GDP: 
general government; nonprofit institutions; private households; 
unincorporated business; and those corporations classified as offices of bank 
holding companies, offices of other holding companies, or offices in the 
finance and insurance sector. Nonfinancial corporations accounted for about 
54 percent of the value of GDP in 2000.
      
Productivity: These productivity measures describe the relationship between 
real output and the labor time involved in its production. They show the 
changes from period to period in the amount of goods and services produced 
per hour. Although these measures relate output to hours at work of all 
persons engaged in a sector, they do not measure the specific contribution of 
labor, capital, or any other factor of production. Rather, they reflect the 
joint effects of many influences, including changes in technology; capital 
investment; level of output; utilization of capacity, energy, and materials; 
the organization of production; managerial skill; and the characteristics and 
effort of the work force.

Labor Compensation: Estimates of labor compensation by major sector, required 
for measures of hourly compensation and unit labor costs, are based primarily 
on employee compensation data from the NIPA, prepared by the BEA.  The 
compensation of employees in general government, nonprofit institutions and 
private households are subtracted from compensation of domestic employees to 
derive employee compensation for the business sector. The labor compensation 
of proprietors cannot be explicitly identified and must be estimated.  This 
is done by assuming that proprietors have the same hourly compensation as 
employees in the same sector.  The quarterly labor productivity and cost 
measures do not contain estimates of compensation for unpaid family workers.  
        
Unit Labor Costs:  The measures of unit labor costs in this release describe 
the relationship between compensation per hour and productivity, or real 
output per hour, and can be used as an indicator of inflationary pressure on 
producers.  Increases in hourly compensation increase unit labor costs; labor 
productivity increases offset compensation increases and lower unit labor 
costs. 

Presentation of the data:  The quarterly data in this release are presented 
in three ways; as index number series where 1992=100, as percent changes from 
the corresponding quarter of the previous year, and as percent changes from 
the previous quarter presented at a compound annual rate.  Annual data are 
presented both as index number series and percent changes from the previous 
year.  
	The index numbers and rates of change reported in the productivity and 
costs news release are rounded to one decimal place.  All percent changes in 
this release and on the BLS web site are calculated using index numbers to 
three decimal places.  These index numbers are available at the BLS web site, 
http://www.bls.gov/data/home.htm, or by contacting the BLS Division of Major 
Sector Productivity.  (Telephone 202-691-5606 or email DPRWEB@BLS.GOV)
        
        Information in this release will be made available to sensory-impaired 
individuals upon request.  Voice phone: 202-691-5606; Federal Relay Service 
number: 1-800-877-8339.




Table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices, 
seasonally adjusted
                                                           Real
   Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
   and        hour of                of all    tion per    tion per    labor    labor pay-  price
   quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

2006       I    r135.9      162.8    r119.8    r167.8      r120.5     r123.5      r133.4      127.2
          II    r136.5      164.0    r120.1    r168.1      r119.6     r123.1      r136.3      128.0
         III    r136.0      164.1    r120.7    r169.0      r119.1     r124.3      r136.3      128.8
          IV    r135.9      164.8    r121.3    r172.6      r122.1     r127.0      r133.3      129.4

      ANNUAL    r136.1      163.9    r120.5    r169.4      r120.3     r124.5      r134.8      128.3

2007       I    r135.7      164.5    r121.3    r174.3      r122.2     r128.5      r134.3      130.7
          II    r137.5      166.8    r121.3    r175.4      r121.6     r127.5      r137.5      131.2
         III    r140.0      169.0    r120.8    r177.4      r122.1     r126.7      r139.8      131.6
          IV    r139.6      168.8    r120.9    r178.9      r121.7     r128.2      r139.0      132.2

      ANNUAL    r138.2      167.3    r121.1    r176.5      r121.9     r127.7      r137.7      131.4

2008       I    r140.4      169.1    r120.4    r180.5      r121.5     r128.6      r140.2      132.9
          II    r142.0      170.2    r119.9    r181.3      r120.6     r127.7      r142.4      133.2
         III    r142.8      169.4    r118.6    r183.9      r120.3     r128.8      r144.3      134.6
          IV    r142.6     r165.7    r116.2    r186.1      r124.7     r130.5      r141.3     r134.5

      ANNUAL    r141.9     r168.6    r118.8    r182.9      r121.7     r128.9      r142.0     r133.8

---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

2006       I      r2.0        5.6      r3.6      r4.8        r2.9       r2.7        r3.3        3.0
          II      r2.0        2.9      r0.9      r0.7       r-2.8       -1.2        r8.7        2.6
         III     r-1.6        0.3      r2.0      r2.3       r-1.7       r4.0        r0.1        2.4
          IV     r-0.3        1.7      r2.0      r8.8       r10.5       r9.2       r-8.5        1.9

      ANNUAL       0.9        3.0       2.1       3.8         0.5        2.9         3.3        3.0

2007       I     r-0.7       -0.7      r0.0      r4.0        r0.3       r4.7        r3.0        4.0
          II      r5.7        5.6      r0.0      r2.4       r-2.1      r-3.1        r9.9        1.7
         III      r7.3        5.5     r-1.7      r4.6        r1.8       -2.5        r7.0        1.1
          IV     r-1.1       -0.6      r0.5      r3.7       r-1.3       r4.8       r-2.3        2.0

      ANNUAL      r1.6        2.0       0.5       4.2         1.3        2.6         2.1        2.4

2008       I      r2.2        0.7     r-1.5      r3.5       r-0.8       r1.2        r3.2        2.0
          II      r4.7        2.6     r-1.9      r1.9       r-3.0      r-2.6        r6.4        0.9
         III      r2.3       -1.8     r-4.0      r5.7       r-1.0       r3.3        r5.6        4.2
          IV     r-0.4      r-8.4     r-8.0      r5.0       r15.6       r5.4       r-8.1      r-0.1

      ANNUAL       2.7       r0.8     r-1.9      r3.6       r-0.2       r0.9        r3.2       r1.8

---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

2006       I       1.3        3.6       2.3      r4.2        r0.4        2.9        r3.8        3.3
          II       1.7        3.5       1.8       4.0         0.1       r2.2        r5.3        3.4
         III      r0.3        2.4       2.2      r3.0        -0.4        2.7        r3.4        3.0
          IV       0.5        2.6       2.1       4.1         2.1        3.6         0.7        2.5

      ANNUAL       0.9        3.0       2.1       3.8         0.5        2.9         3.3        3.0

2007       I     r-0.2        1.0       1.2       3.9         1.5        4.1        r0.6        2.7
          II       0.7        1.7       1.0      r4.3        r1.6        3.6         0.9        2.5
         III      r2.9        3.0      r0.1      r4.9        r2.5        1.9         2.6        2.2
          IV      r2.7        2.4      -0.3       3.7        -0.3        0.9         4.3        2.2

      ANNUAL      r1.6        2.0       0.5       4.2         1.3        2.6         2.1        2.4

2008       I      r3.5        2.8     r-0.7      r3.5       r-0.6        0.0         4.4        1.7
          II      r3.2        2.0     r-1.2      r3.4       r-0.8        0.2        r3.5        1.5
         III      r2.0        0.2      -1.7      r3.7       r-1.5       r1.6        r3.2        2.3
          IV      r2.2      r-1.8     r-3.9      r4.0        r2.5       r1.8        r1.6       r1.7

      ANNUAL       2.7       r0.8     r-1.9      r3.6       r-0.2       r0.9        r3.2       r1.8

---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                       March 5, 2009
r=revised                                                              Source: Bureau of Labor Statistics




Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs,and prices, 
seasonally adjusted
                                                           Real
   Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
   and        hour of                of all    tion per    tion per    labor    labor pay-  price
   quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

2006       I    r134.8      163.2    r121.0    r166.5      r119.6     r123.5      r135.5      127.9
          II    r135.6      164.3    r121.1    r167.0      r118.9     r123.1      r138.6      128.8
         III    r135.1      164.4    r121.7    r168.0      r118.4     r124.3      r138.4      129.5
          IV    r134.9      165.0    r122.3    r171.7      r121.4     r127.2      r134.7      130.0

      ANNUAL    r135.1      164.2    r121.5    r168.3      r119.5     r124.5      r136.8      129.1

2007       I    r134.7      164.7    r122.2    r173.4      r121.6     r128.7      r135.1      131.1
          II    r136.3      167.0    r122.5    r174.0      r120.6     r127.6      r138.3      131.5
         III    r138.7      169.2    r122.0    r175.8      r121.1     r126.8      r140.5      131.8
          IV    r138.5      168.9    r122.0    r177.8      r120.9     r128.4      r139.7      132.5

      ANNUAL    r137.0      167.5    r122.2    r175.2      r121.0     r127.9      r138.4      131.7

2008       I    r139.4      169.3    r121.5    r179.4      r120.8     r128.7      r141.0      133.2
          II    r141.0      170.5    r120.9    r180.2      r119.8     r127.8      r143.3      133.5
         III    r141.7      169.7    r119.7    r182.7      r119.5     r128.9      r145.6      135.0
          IV    r141.6     r165.8    r117.1    r185.0      r124.0     r130.7      r142.9     r135.2

      ANNUAL    r140.9     r168.8    r119.8    r181.8      r120.9     r129.0      r143.2     r134.2

---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

2006       I      r1.9        6.0      r4.0      r4.5        r2.6        2.6        r4.0        3.1
          II      r2.4        2.9      r0.4      r1.3       r-2.3       -1.1        r9.5        2.9
         III     r-1.6        0.3      r1.9      r2.3       r-1.7       r3.9       r-0.7        2.1
          IV     r-0.4        1.4      r1.9      r9.1       r10.8       r9.6      r-10.1        1.5

      ANNUAL      r0.9        3.2       2.2       3.8         0.5        2.8         3.6        3.1

2007       I     r-0.6       -0.9     r-0.2      r4.2        r0.5       r4.8        r1.2        3.4
          II      r4.8        5.8      r0.9      r1.3       r-3.2      r-3.3        r9.7        1.5
         III      r7.0        5.5     r-1.5      r4.4        r1.6      r-2.5        r6.4        0.9
          IV     r-0.5       -0.7     r-0.2      r4.4       r-0.5       r5.0       r-2.3        2.1

      ANNUAL       1.4        2.0       0.5       4.1        r1.3        2.7         1.2        2.1

2008       I       2.6        0.9      -1.7      r3.7       r-0.6       r1.1        r3.8        2.1
          II      r4.7        2.8     r-1.7      r1.7       r-3.2      r-2.8        r6.9        0.9
         III      r2.2       -1.9     r-3.9      r5.7       r-0.9       r3.5        r6.4        4.7
          IV     r-0.4      r-8.7     r-8.3      r5.3       r15.9       r5.7       r-7.1       r0.5

      ANNUAL       2.8       r0.8     r-1.9      r3.7       r-0.1       r0.9        r3.5       r1.9

---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

2006       I       1.3        3.7       2.4       4.2        r0.4        2.9         4.3        3.4
          II       1.7        3.7       2.0       3.9         0.0        2.2         5.9        3.6
         III       0.3        2.6       2.3       2.9       r-0.4        2.6         3.8        3.1
          IV       0.6        2.6       2.0      r4.2         2.2       r3.7        r0.4        2.4

      ANNUAL      r0.9        3.2       2.2       3.8         0.5        2.8         3.6        3.1

2007       I     r-0.1        0.9       1.0      r4.1         1.7        4.2       r-0.3        2.5
          II       0.5        1.6       1.1       4.2         1.5       r3.6        -0.2        2.1
         III      r2.6        2.9      r0.3      r4.7        r2.3        2.0         1.5        1.8
          IV      r2.6        2.4      -0.3       3.6        -0.4        0.9        r3.6        2.0

      ANNUAL       1.4        2.0       0.5       4.1        r1.3        2.7         1.2        2.1

2008       I      r3.5        2.8     r-0.6      r3.5       r-0.7        0.0         4.3        1.6
          II      r3.4        2.1     r-1.3      r3.6       r-0.7        0.1        r3.6        1.5
         III       2.2        0.3     r-1.9      r3.9       r-1.3       r1.6        r3.6        2.4
          IV      r2.2      r-1.8     r-4.0      r4.1        r2.5       r1.8        r2.3       r2.0

      ANNUAL       2.8       r0.8     r-1.9      r3.7       r-0.1       r0.9        r3.5       r1.9

---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                       March 5, 2009
r=revised                                                              Source: Bureau of Labor Statistics





Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                            Real
     Year           Output per                  Hours       Compensa-       compensa-      Unit 
     and            hour of                     of all      tion per        tion per       labor
     quarter        all persons     Output      persons     hour (1)        hour (2)       costs
--------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

2006       I           r172.3        147.2        r85.4       r170.7         r122.5         r99.0
          II           r172.6        147.4        r85.4       r169.4         r120.6         r98.2
         III           r174.6        148.0        r84.8       r170.4         r120.1         r97.6
          IV           r175.3        147.4        r84.1       r174.4         r123.4         r99.5

      ANNUAL           r173.7        147.5        r84.9       r171.2         r121.6         r98.6

2007       I           r176.6        147.8        r83.7       r176.6         r123.8        r100.0
          II           r178.6        149.6        r83.8       r176.3         r122.2         r98.7
         III           r181.2        151.2        r83.4       r177.0         r121.8         r97.6
          IV           r182.4        151.0        r82.8       r179.6         r122.2         r98.5

      ANNUAL           r179.7        149.9        r83.4       r177.4         r122.5          98.7

2008       I           r183.7        150.7        r82.0       r181.1         r121.9         r98.6
          II           r183.2        149.3        r81.5       r182.7         r121.4         r99.7
         III           r182.2       r145.9        r80.1       r185.1         r121.1        r101.6
          IV           r180.3       r139.0        r77.1       r189.6         r127.0        r105.1

      ANNUAL           r182.4       r146.2        r80.2       r184.5         r122.7        r101.2

--------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

2006       I            r-1.4          1.8         r3.2        r13.4          r11.4          15.0
          II             r0.5          0.6         r0.1        r-2.9          r-6.2          -3.3
         III             r4.7          1.6        r-3.0         r2.3          r-1.6          -2.3
          IV             r1.7         -1.7        r-3.3         r9.8          r11.5           8.0

      ANNUAL             r1.0          1.8          0.8          4.1            0.8           3.0

2007       I             r3.1          1.2        r-1.9         r5.0           r1.3           1.8
          II             r4.5          4.9         r0.4        r-0.5          r-4.9          -4.8
         III             r6.0          4.3        r-1.6         r1.4          r-1.3          -4.4
          IV             r2.6         -0.4        r-2.9         r6.1           r1.0           3.4

      ANNUAL             r3.5          1.6        r-1.8         r3.6            0.7           0.1

2008       I             r2.9         -0.8        r-3.7         r3.4          r-0.8           0.5
          II            r-1.1         -3.8        r-2.7         r3.5          r-1.4          r4.7
         III            r-2.2        r-8.6        r-6.5         r5.4          r-1.3          r7.8
          IV            r-4.0       r-17.7       r-14.2        r10.1          r21.2         r14.7

      ANNUAL             r1.5        r-2.5        r-3.9         r4.0           r0.2           2.5

--------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

2006       I             r1.4          2.4         r1.0         r5.3           r1.5           3.8
          II              0.4          2.1          1.7         r3.2          r-0.7           2.9
         III             r1.0          2.3         r1.3         r2.4           -1.0           1.4
          IV             r1.4          0.6        r-0.8         r5.5           r3.5           4.1

      ANNUAL             r1.0          1.8          0.8          4.1            0.8           3.0

2007       I             r2.5          0.4        r-2.0          3.5           r1.0           0.9
          II              3.5          1.5        r-2.0          4.1            1.4           0.6
         III             r3.8          2.1        r-1.6         r3.8           r1.5           0.0
          IV              4.0          2.5         -1.5          2.9           -1.0          -1.1

      ANNUAL             r3.5          1.6        r-1.8         r3.6            0.7           0.1

2008       I              4.0          2.0        r-2.0         r2.6          r-1.5          -1.4
          II             r2.6         -0.2        r-2.7         r3.6          r-0.7           1.0
         III             r0.5         -3.5        r-4.0         r4.6           -0.6          r4.0
          IV            r-1.1        r-8.0        r-6.9         r5.6           r4.0          r6.8

      ANNUAL             r1.5        r-2.5        r-3.9         r4.0           r0.2           2.5

--------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                March 5, 2009
r=revised                                                       Source: Bureau of Labor Statistics



Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                            Real
     Year           Output per                  Hours       Compensa-       compensa-      Unit 
     and            hour of                     of all      tion per        tion per       labor
     quarter        all persons     Output      persons     hour (1)        hour (2)       costs
--------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

2006       I           r198.5        179.6        r90.4       r165.8         r119.0         r83.5
          II           r198.8        180.5        r90.8       r164.5         r117.1          82.7
         III           r201.8        181.1        r89.7       r165.4         r116.5         r81.9
          IV           r202.3        180.1        r89.0       r170.1         r120.3         r84.1

      ANNUAL           r200.4        180.3        r90.0       r166.4         r118.2         r83.1

2007       I           r204.0        180.3        r88.4       r172.7         r121.1         r84.7
          II           r207.8        183.9        r88.5       r172.5         r119.6         r83.0
         III           r211.9        186.9        r88.2       r173.0         r119.1         r81.7
          IV           r214.5        187.0        r87.2       r175.7         r119.5         r81.9

      ANNUAL           r209.5        184.5        r88.1       r173.5         r119.8         r82.8

2008       I           r215.4        186.9        r86.8       r176.5         r118.8         r82.0
          II           r213.8        184.1        r86.1       r178.7         r118.8         r83.6
         III           r215.5       r180.8        r83.9       r181.7         r118.9         r84.3
          IV           r207.0       r167.2        r80.8       r186.2         r124.7         r89.9

      ANNUAL           r213.0       r179.8        r84.4       r180.7         r120.2         r84.8

--------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

2006       I            r-2.5          0.4         r3.0        r12.9          r10.9          15.9
          II             r0.6          2.1         r1.5        r-3.0          r-6.4          -3.6
         III             r6.2          1.2        r-4.7         r2.1          r-1.9          -3.9
          IV             r0.8         -2.1        r-2.9        r12.0          r13.7          11.1

      ANNUAL             r2.1          3.3          1.1          3.9            0.6           1.7

2007       I             r3.4          0.4        r-2.9         r6.2           r2.5           2.7
          II             r7.8          8.2         r0.4        r-0.5          r-4.9          -7.7
         III             r8.0          6.8        r-1.1         r1.3          r-1.4          -6.2
          IV             r5.0          0.3        r-4.5         r6.3           r1.2           1.2

      ANNUAL             r4.6          2.3        r-2.1         r4.2           r1.3          -0.3

2008       I             r1.6         -0.4        r-2.0         r2.0          r-2.2           0.4
          II            r-3.0         -5.7        r-2.9         r5.1           r0.0          r8.3
         III             r3.3        r-7.0        r-9.9         r6.9           r0.2          r3.5
          IV           r-14.8       r-26.9       r-14.2         10.1           21.2         r29.1

      ANNUAL             r1.6        r-2.6        r-4.2         r4.2           r0.3           2.5

--------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

2006       I             r3.1          4.8          1.6         r4.8            1.1           1.6
          II              2.0          4.6         r2.6         r3.0           -0.8           1.1
         III             r2.3          3.6         r1.3         r2.0          r-1.4          -0.4
          IV             r1.2          0.4        r-0.8         r5.8           r3.7           4.5

      ANNUAL             r2.1          3.3          1.1          3.9            0.6           1.7

2007       I             r2.7          0.4        r-2.3         r4.2           r1.7           1.4
          II              4.5          1.8        r-2.6          4.8            2.1           0.3
         III             r5.0          3.2        r-1.6         r4.6           r2.2          -0.3
          IV             r6.0          3.9        r-2.1         r3.3          r-0.7          -2.6

      ANNUAL             r4.6          2.3        r-2.1         r4.2           r1.3          -0.3

2008       I             r5.6          3.7        r-1.8         r2.2          r-1.9          -3.2
          II             r2.9          0.1        r-2.6         r3.6          r-0.6           0.8
         III             r1.7        r-3.3        r-4.9          5.0           -0.2          r3.3
          IV            r-3.5       r-10.6        r-7.4         r6.0           r4.4          r9.8

      ANNUAL             r1.6        r-2.6        r-4.2         r4.2           r0.3           2.5

--------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                March 5, 2009
r=revised                                                       Source: Bureau of Labor Statistics



Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                            Real
     Year           Output per                  Hours       Compensa-       compensa-      Unit 
     and            hour of                     of all      tion per        tion per       labor
     quarter        all persons     Output      persons     hour (1)        hour (2)       costs
--------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

2006       I           r147.8        115.0        r77.8       r177.7         r127.6        r120.2
          II           r148.3        114.8        r77.4       r176.5         r125.6        r119.0
         III           r149.1        115.4        r77.4       r177.9         r125.3        r119.3
          IV           r150.2        115.1        r76.6       r180.3         r127.5        r120.0

      ANNUAL           r148.9        115.1        r77.3       r178.1         r126.5        r119.6

2007       I           r151.0        115.6        r76.6       r181.6         r127.3        r120.3
          II           r151.3        116.0        r76.7       r181.3         r125.7        r119.9
         III           r152.9        116.4        r76.2       r182.0         r125.3        r119.1
          IV           r152.4        116.1        r76.2       r184.7         r125.6        r121.2

      ANNUAL           r151.9        116.0        r76.4       r182.4         r126.0        r120.1

2008       I           r154.5        115.7        r74.9       r187.3         r126.1        r121.3
          II           r154.8        115.2        r74.4       r187.6         r124.7        r121.2
         III           r150.8       r112.1        r74.4       r189.1         r123.7        r125.4
          IV           r153.6       r109.9        r71.6       r193.8         r129.8        r126.1

      ANNUAL           r153.4       r113.3        r73.8       r189.4         r126.0        r123.5

--------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

2006       I             r0.2          3.6         r3.4        r14.6          r12.5          14.4
          II             r1.4         -0.9        r-2.3        r-2.8          r-6.2          -4.1
         III             r2.1          2.2         r0.1         r3.1          r-0.8           1.1
          IV             r3.0         -1.1        r-4.0         r5.6           r7.2           2.5

      ANNUAL             r0.1          0.3         r0.2         r4.4            1.1           4.3

2007       I             r2.0          2.0         r0.0         r2.8          r-0.8           0.8
          II             r0.9          1.3         r0.4        r-0.5          r-4.9          -1.4
         III             r4.2          1.6        r-2.5         r1.4          r-1.3         r-2.6
          IV            r-1.1         -1.1         r0.0         r6.1           r1.0           7.3

      ANNUAL             r2.0          0.9        r-1.1         r2.4           -0.4           0.4

2008       I             r5.5         -1.3        r-6.5         r5.8           r1.5           0.3
          II             r0.8         -1.7        r-2.5         r0.5          r-4.3         r-0.2
         III            r-9.8       r-10.3        r-0.5         r3.4          r-3.1         r14.7
          IV              7.6        r-7.7       r-14.2        r10.1          r21.3          r2.3

      ANNUAL              1.0         -2.4         -3.4         r3.8           r0.0           2.8

--------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

2006       I             r0.1         -0.1        r-0.2         r6.1           r2.3           6.0
          II             -0.7         -0.6         r0.2         r3.4          r-0.5           4.2
         III             -0.4          1.0          1.4         r3.2           -0.2           3.6
          IV             r1.7          0.9        r-0.7         r5.0           r2.9           3.2

      ANNUAL             r0.1          0.3         r0.2         r4.4            1.1           4.3

2007       I              2.1          0.5         -1.6         r2.1          r-0.3           0.0
          II              2.0          1.1         -0.9         r2.8            0.1           0.7
         III              2.5          0.9        r-1.6          2.3           r0.0          -0.2
          IV             r1.5          0.9        r-0.5         r2.4          r-1.5          r0.9

      ANNUAL             r2.0          0.9        r-1.1         r2.4           -0.4           0.4

2008       I             r2.3          0.1        r-2.2         r3.2          r-0.9           0.8
          II             r2.3         -0.7        r-2.9         r3.4          r-0.8           1.1
         III            r-1.3        r-3.7        r-2.4         r3.9          r-1.3          r5.3
          IV             r0.8        r-5.3        r-6.1         r4.9           r3.3           4.1

      ANNUAL              1.0         -2.4         -3.4         r3.8           r0.0           2.8

--------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                March 5, 2009
r=revised                                                       Source: Bureau of Labor Statistics



Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
and prices, seasonally adjusted
              Output                      Hourly    Real                Unit     Total    Unit   Implicit
    Year      per all-                    compen-   hourly     Unit     non-     unit     pro-   price
    and       employee          Employee  sation    compen-    labor    labor    costs    fits   deflator
    quarter   hour      Output  hours      (1)      sation(2)  costs    costs(6) (7)      (8)      (4)
----------------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

2006       I   r146.0    176.1    r120.6   r164.2    r117.9     112.5    113.0    112.6    182.6    118.8
          II   r145.7    176.2    r120.9   r164.4    r117.0     112.8    114.6    113.3    183.4    119.5
         III   r146.7    178.1    r121.4   r165.1    r116.4     112.5    114.5    113.1    193.4    120.3
          IV   r145.6    177.3    r121.8   r167.8    r118.7     115.3    116.5    115.6    174.4    120.8

      ANNUAL   r146.0    176.9    r121.2   r165.4    r117.5     113.3    114.6    113.6    183.5    119.9

2007       I   r145.4    177.2    r121.9   r170.0    r119.2     116.9    117.6    117.1    172.4    122.1
          II   r146.7    179.1    r122.0   r171.1    r118.6     116.6    117.9    116.9    173.1    122.0
         III   r147.8    180.2    r121.9   r172.8    r119.0     116.9    118.2    117.2    167.4    121.7
          IV   r148.3    181.2    r122.2   r174.9    r119.0     117.9    119.3    118.3    156.4    121.7

      ANNUAL   r147.1    179.4    r122.0   r172.2    r118.9     117.1    118.3    117.4    167.3    121.9

2008       I   r148.1    180.6    r121.9   r176.1    r118.5     118.9    119.4    119.0    150.8    121.8
          II   r151.2    183.2    r121.2   r177.4    r118.0     117.3    119.8    118.0    147.8    120.6
         III   r153.6   r184.2    r120.0   r180.0    r117.8    r117.3   r121.3   r118.3   r156.7   r121.8
----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

2006       I     r3.0      6.3      r3.2     r7.5      r5.5       4.3      0.1      3.1     12.8      4.4
          II    r-0.7      0.4      r1.1     r0.5     r-3.0       1.2      5.7      2.4      1.8      2.3
         III     r2.8      4.4      r1.6     r1.8     r-2.1      -0.9     -0.2     -0.7     23.7      2.4
          IV    r-3.1     -1.9      r1.2     r6.7      r8.3      10.0      7.2      9.2    -34.0      2.0

      ANNUAL      1.8      4.1       2.2      3.6       0.3       1.8      1.7      1.8     12.6      3.1

2007       I    r-0.6     -0.2      r0.4     r5.3      r1.6       5.9      3.8      5.4     -4.5      4.0
          II     r3.8      4.2      r0.4     r2.6     r-1.9      -1.1      0.9     -0.6      1.7     -0.3
         III     r3.0      2.7     r-0.4     r4.0      r1.2       0.9      1.2      1.0    -12.6     -0.8
          IV     r1.2      2.1      r0.9     r5.0      r0.0       3.7      3.7      3.7    -23.8      0.0

      ANNUAL      0.7      1.4       0.7      4.1       1.2       3.4      3.2      3.3     -8.8      1.7

2008       I    r-0.4     -1.4     r-0.9     r2.7     r-1.5       3.2      0.3      2.4    -13.6      0.5
          II     r8.5      6.0     r-2.3     r3.1     r-1.9      -5.0      1.2     -3.4     -7.7     -3.8
         III     r6.4     r2.3     r-3.9     r6.1     r-0.6     r-0.3     r5.4      1.2    r26.5      3.8
----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

2006       I     r2.9      5.7      r2.7     r4.0      r0.3       1.1      1.6      1.2     17.3      3.2
          II     r1.2      3.6       2.3     r3.6     r-0.3       2.4      3.0      2.6     10.1      3.5
         III     r2.6      4.8       2.2     r2.7     r-0.6       0.1     -0.9     -0.2     27.3      3.0
          IV      0.5      2.2       1.8      4.1       2.1       3.6      3.1      3.5     -1.6      2.8

      ANNUAL      1.8      4.1       2.2      3.6       0.3       1.8      1.7      1.8     12.6      3.1

2007       I     -0.4      0.7       1.1     r3.5       1.1       4.0      4.1      4.0     -5.6      2.7
          II      0.7      1.6      r0.9      4.1       1.4       3.4      2.9      3.2     -5.6      2.0
         III     r0.8      1.2      r0.4     r4.6      r2.2       3.8      3.2      3.7    -13.5      1.2
          IV      1.9      2.2       0.3     r4.2      r0.2       2.3      2.4      2.3    -10.3      0.7

      ANNUAL      0.7      1.4       0.7      4.1       1.2       3.4      3.2      3.3     -8.8      1.7

2008       I     r1.9      1.9      r0.0     r3.6     r-0.6       1.6      1.5      1.6    -12.5     -0.2
          II     r3.0      2.3     r-0.7     r3.7     r-0.5       0.6      1.6      0.9    -14.6     -1.1
         III     r3.9      2.2     r-1.6     r4.2     r-1.0       0.3     r2.6     r1.0    r-6.4      0.1
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                        March 5, 2009
r=revised                                                               Source: Bureau of Labor Statistics




SOURCES:  Output data are from the Bureau of Economic Analysis and the Census 
Bureau of the U.S. Department of Commerce; the Bureau of Labor Statistics, 
U.S. Department of Labor; and the Federal Reserve Board.  Compensation and 
hours data are from the Bureau of Labor Statistics and the Bureau of Economic 
Analysis.

RELIABILITY:  Productivity and cost measures are regularly revised as more 
complete information becomes available.  The measures are first published 
within 40 days of the close of the reference period; revisions appear 30 days 
later, and second revisions after an additional 60 days.  In the business 
sector, the third publication (second revision) of a quarterly index of 
output per hour of all persons has differed from the initial value by between 
-1.5 and +1.3 index points approximately 95 percent of the time.  This 
interval is based on the performance of this measure between the fourth 
quarter of 1995 and the third quarter of 2008.



				Footnotes, Tables 1-6

(1)  Wages and salaries of employees plus employers' contributions for social 
insurance and private benefit plans.  Except for nonfinancial 
corporations, where there are no self-employed, data also include an 
estimate of wages, salaries, and supplemental payments for the self-
employed.

(2)  The change for recent quarters is based on the Consumer Price Index for 
all urban consumers (CPI-U).  The trend from 1978-2007 is based on the 
Consumer Price Index research series (CPI-U-RS).

(3)  Unit nonlabor payments include profits, consumption of fixed capital, 
taxes on production and imports less subsidies, net interest and 
miscellaneous payments, business current transfer payments, rental 
income of persons, and the current surplus of government enterprises.

(4)  Current dollar output divided by the output index.

(5)  Quarterly changes:  Percent change compounded at annual rate is 
calculated using index numbers to three decimal places.  Indexes 
published in the news release are rounded to one decimal place for 
convenience.  Annual changes:  Percent change is calculated using annual 
average indexes to three decimal places.

(6)  Unit nonlabor costs include consumption of fixed capital, taxes on 
production and imports less subsidies, net interest and miscellaneous 
payments, and business current transfer payments.

(7)  Total unit costs are the sum of unit labor and nonlabor costs.

(8)  Unit profits include corporate profits before tax with inventory 
valuation and capital consumption adjustments. 




Appendix table 1.
 Business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally
 adjusted
                                                            Real
    Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
    and        hour of                of all    tion per    tion per    labor    labor pay-  price
    quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
 ---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

 2004       I    r131.1      151.4    r115.5    r153.8      r118.0     r117.4      r123.0      119.5
           II    r132.3      153.1    r115.7    r155.8      r118.6     r117.7      r125.3      120.5
          III    r132.9      154.6    r116.3    r158.0      r119.4     r118.9      r124.8      121.1
           IV    r133.4      155.7    r116.7    r160.3      r119.9     r120.1      r125.4      122.1

       ANNUAL    r132.4      153.7    r116.1    r157.0      r119.0     r118.5      r124.6      120.8

 2005       I    r134.2      157.1    r117.1    r161.0      r119.9     r120.0      r128.5      123.2
           II    r134.2      158.4    r118.0    r161.6      r119.5     r120.4      r129.4      123.8
          III    r135.6      160.2    r118.1    r164.1      r119.5     r121.0      r131.8      125.0
           IV    r135.2      160.6    r118.8    r165.8      r119.6     r122.6      r132.4      126.3

       ANNUAL    r134.8      159.1    r118.0    r163.2      r119.7     r121.0      r130.5      124.6

 ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2004       I      r2.3        3.7      r1.3       0.6       r-2.8       -1.7        12.3        3.4
           II      r3.8        4.4      r0.5      r5.1        r1.9       r1.2        r7.6        3.6
          III      r1.7        4.0      r2.2      r5.8        r2.8       r4.0       r-1.7        1.8
           IV      r1.5        3.0      r1.5      r6.0        r1.7       r4.4        r2.0        3.5

       ANNUAL       2.9        4.2      r1.2       3.8        r1.1        0.9         5.4        2.6

 2005       I      r2.3        3.7      r1.3      r1.9        r0.1       -0.4        10.2        3.6
           II      r0.1        3.2      r3.1      r1.4       r-1.4        1.3         3.0        2.0
          III      r4.3        4.8      r0.5      r6.3        r0.0       r2.0        r7.5        4.1
           IV     r-1.2        1.0      r2.2      r4.3        r0.2       r5.6        r1.7        4.1

       ANNUAL       1.8        3.5      r1.7      r3.9         0.6        2.1         4.7        3.1

 ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

 2004       I       4.2        4.9      r0.7       3.9        r2.0       -0.3         5.6        1.9
           II      r3.5        4.8       1.3       3.3         0.5      r-0.1         7.4        2.6
          III      r1.7        3.3      r1.5      r3.6        r0.9        1.9        r3.9        2.6
           IV       2.4        3.8       1.4       4.3         0.9        1.9         4.9        3.0

       ANNUAL       2.9        4.2      r1.2       3.8        r1.1        0.9         5.4        2.6

 2005       I       2.4        3.8      r1.4       4.7        r1.6        2.3         4.4        3.1
           II       1.4        3.5       2.0       3.8         0.8        2.3         3.3        2.7
          III       2.1        3.7      r1.6      r3.9        r0.1       r1.8        r5.6        3.3
           IV      r1.3        3.1      r1.8       3.5        -0.2        2.1         5.6        3.4

       ANNUAL       1.8        3.5      r1.7      r3.9         0.6        2.1         4.7        3.1

 --------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                      March 5, 2009
 r=revised                                                             Source: Bureau of Labor Statistics




Appendix table 2.
 Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs, and prices,
 seasonally adjusted
                                                            Real
    Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
    and        hour of                of all    tion per    tion per    labor    labor pay-  price
    quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
 ---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

 2004       I    r130.2      151.5    r116.4    r152.9      r117.3     r117.4      r123.7      119.7
           II    r131.7      153.4    r116.5    r154.9      r117.9     r117.6      r125.9      120.6
          III    r132.2      154.9    r117.1    r157.1      r118.7     r118.8      r125.8      121.4
           IV    r132.2      155.9    r117.9    r158.9      r118.9     r120.2      r126.4      122.5

       ANNUAL    r131.6      153.9    r116.9    r156.0      r118.2     r118.5      r125.5      121.1

 2005       I    r133.2      157.3    r118.1    r159.9      r119.1     r120.0      r129.9      123.7
           II     133.4      158.4     118.8    r160.8      r118.9     r120.5      r130.8      124.3
          III    r134.7      160.3    r119.0    r163.2      r118.9     r121.1      r133.4      125.6
           IV    r134.2      160.8    r119.8    r164.7      r118.8     r122.7      r134.2      126.9

       ANNUAL    r133.9      159.2    r118.9    r162.1      r118.9     r121.1      r132.1      125.1

 ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2004       I      r0.8        2.6      r1.8     r-0.2       r-3.5       -1.0        11.2        3.4
           II      r4.7        5.0      r0.3      r5.2        r2.1        0.5        r7.2        3.0
          III      r1.6        3.8      r2.3      r5.9        r2.9       r4.2       r-0.3        2.4
           IV      r0.0        2.6      r2.6      r4.8        r0.6       r4.8        r2.2        3.8

       ANNUAL       2.8        4.1       1.3      r3.7        r1.0        0.9         4.9        2.4

 2005       I      r2.8        3.7      r0.9      r2.3        r0.6       -0.5       r11.3        3.9
           II      r0.7        2.9      r2.2      r2.3       r-0.5        1.6         3.0        2.2
          III      r3.9        4.8      r0.8      r6.0       r-0.2       r2.0        r8.0        4.3
           IV     r-1.5        1.3      r2.8      r3.8        -0.3       r5.3        r2.4        4.2

       ANNUAL      r1.7        3.4      r1.7       4.0        r0.6        2.2        r5.3        3.4

 ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

 2004       I       4.0        4.8       0.8       3.8         1.9       -0.2         4.6        1.6
           II       3.8        5.0      r1.1       3.4        r0.7      r-0.3         6.6        2.2
          III      r1.7        3.3      r1.6      r3.6        r0.8        1.9        r3.6        2.5
           IV       1.8        3.5       1.7       3.9         0.5        2.1         5.0        3.2

       ANNUAL       2.8        4.1       1.3      r3.7        r1.0        0.9         4.9        2.4

 2005       I       2.3        3.8      r1.5      r4.5        r1.5        2.2         5.0        3.3
           II       1.3        3.3       2.0      r3.8         0.9        2.5         3.9        3.1
          III      r1.8        3.5      r1.6      r3.9        r0.1        2.0        r6.0        3.5
           IV       1.5        3.2      r1.7       3.6        -0.1        2.1         6.1        3.6

       ANNUAL      r1.7        3.4      r1.7       4.0        r0.6        2.2        r5.3        3.4

 --------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                      March 5, 2009
 r=revised                                                             Source: Bureau of Labor Statistics



Appendix table 3.
 Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs, seasonally
 adjusted
                                                                             Real
      Year           Output per                  Hours       Compensa-       compensa-      Unit 
      and            hour of                     of all      tion per        tion per       labor
      quarter        all persons     Output      persons     hour (1)        hour (2)       costs
 --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

 2004       I         r161.6        138.3        r85.6       r156.8         r120.3          97.0
           II         r163.0        138.9        r85.3       r159.9         r121.7         r98.1
          III         r164.3        139.9        r85.2       r163.7         r123.7         r99.7
           IV         r167.2        141.8        r84.8       r165.8         r124.0         r99.2

       ANNUAL         r164.0        139.7        r85.2       r161.5         r122.5         r98.5

 2005       I         r169.9        143.7        r84.6       r162.1         r120.7         r95.4
           II         r171.9        144.5        r84.0       r164.1         r121.4         r95.5
          III         r172.8        144.7        r83.7       r166.4         r121.2         r96.3
           IV         r172.9        146.5        r84.7       r165.4         r119.3         r95.6

       ANNUAL         r171.9        144.8        r84.3       r164.5         r120.7          95.7

 --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

 2004       I          r-1.2          0.3         r1.5        -11.6         r-14.5         -10.5
           II           r3.4          1.7        r-1.6         r8.0           r4.8           4.4
          III           r3.3          2.9        r-0.3        r10.0           r6.9           6.5
           IV           r7.3          5.3        r-1.8         r5.2            1.0          -1.9

       ANNUAL           r2.3          1.7         -0.5          2.1           -0.6          -0.2

 2005       I           r6.7          5.7        r-1.0        r-8.7         r-10.3         -14.4
           II           r4.9          2.0        r-2.7         r5.2           r2.3           0.3
          III           r2.1          0.6         -1.5         r5.7           -0.5           3.5
           IV           r0.2          5.3         r5.1        r-2.6          r-6.3          -2.8

       ANNUAL           r4.8          3.7        r-1.1         r1.8          r-1.5          -2.8

 --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2004       I           r2.7          0.7        r-1.9          1.5          r-0.3          -1.2
           II            2.3          1.7        r-0.6         r1.7           -1.1          -0.6
          III            0.9          1.9          1.0         r2.7           -0.1           1.7
           IV            3.1          2.5        r-0.6          2.5          r-0.8          -0.6

       ANNUAL           r2.3          1.7         -0.5          2.1           -0.6          -0.2

 2005       I           r5.1          3.9        r-1.2          3.4            0.4          -1.7
           II           r5.5          4.0        r-1.4          2.7           -0.2          -2.7
          III           r5.2          3.4         -1.8         r1.7          r-2.0          -3.4
           IV           r3.5          3.4        r-0.1         -0.3          r-3.8          -3.6

       ANNUAL           r4.8          3.7        r-1.1         r1.8          r-1.5          -2.8

 -------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                               March 5, 2009
 r=revised                                                      Source: Bureau of Labor Statistics



Appendix table 4.
 Durable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs
 seasonally adjusted
                                                                             Real
      Year           Output per                  Hours       Compensa-       compensa-      Unit 
      and            hour of                     of all      tion per        tion per       labor
      quarter        all persons     Output      persons     hour (1)        hour (2)       costs
 --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

 2004       I         r184.5        164.6        r89.2       r152.3         r116.8          82.6
           II         r185.1        164.6        r88.9       r155.7         r118.5         r84.1
          III         r186.0        166.1        r89.3       r159.8         r120.8         r85.9
           IV         r189.5        168.5        r88.9       r161.3         r120.6         r85.1

       ANNUAL         r186.3        165.9        r89.1       r157.3         r119.2         r84.4

 2005       I         r192.5        171.4        r89.0       r158.1         r117.8         r82.1
           II         r195.0        172.6        r88.5       r159.6         r118.1          81.9
          III         r197.2        174.7        r88.6       r162.2         r118.1         r82.2
           IV         r199.8        179.4        r89.8       r160.8         r116.0         r80.5

       ANNUAL         r196.2        174.5        r89.0       r160.2         r117.5          81.7

 --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

 2004       I          r-2.5          1.3         r3.9       r-18.6         r-21.3         -16.5
           II           r1.3          0.0        r-1.3         r9.2           r5.9           7.8
          III            2.0          3.6          1.5         10.9            7.8           8.7
           IV            7.6          5.9        r-1.6         r3.7           -0.4          -3.6

       ANNUAL            1.7          2.3         r0.6         r0.3           -2.4          -1.4

 2005       I           r6.5          7.1         r0.5        r-7.6          r-9.2        r-13.3
           II           r5.4          3.0        r-2.2         r3.9           r1.0         r-1.3
          III           r4.7          4.9         r0.2         r6.4           r0.1           1.7
           IV           r5.3         11.2         r5.5        r-3.2          r-7.0          -8.2

       ANNUAL           r5.3          5.2        r-0.1          1.9           -1.4          -3.3

 --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2004       I            2.9          1.8         -1.1         -0.5           -2.3          -3.4
           II           r2.1          2.5         r0.4         r0.0          r-2.7          -2.1
          III           -0.3          2.3         r2.6          1.0           -1.7           1.3
           IV            2.0          2.7         r0.6         r0.6          r-2.7          -1.4

       ANNUAL            1.7          2.3         r0.6         r0.3           -2.4          -1.4

 2005       I           r4.3          4.1        r-0.2         r3.8           r0.8          -0.5
           II            5.4          4.9        r-0.5         r2.5          r-0.4          -2.7
          III           r6.0          5.2        r-0.8         r1.5          r-2.2          -4.3
           IV            5.5          6.5          1.0         -0.3           -3.9          -5.4

       ANNUAL           r5.3          5.2        r-0.1          1.9           -1.4          -3.3

 -------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                               March 5, 2009
 r=revised                                                      Source: Bureau of Labor Statistics



Appendix table 5.
 Nondurable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs
 seasonally adjusted
                                                                             Real
      Year           Output per                  Hours       Compensa-       compensa-      Unit 
      and            hour of                     of all      tion per        tion per       labor
      quarter        all persons     Output      persons     hour (1)        hour (2)       costs
 --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

 2004       I         r138.5        111.0        r80.1       r163.8         r125.6        r118.3
           II         r140.7        112.1        r79.7       r166.1         r126.4         118.1
          III         r142.7        112.7        r79.0       r169.2         r127.9        r118.6
           IV         r145.1        114.0        r78.6       r172.5         r129.1         118.9

       ANNUAL         r141.7        112.4        r79.4       r167.9         r127.3        r118.5

 2005       I         r147.8        115.1        r77.9       r167.6         r124.8        r113.4
           II         r149.4        115.4        r77.2       r170.6         r126.2        r114.2
          III          149.6        114.3         76.4       r172.3          125.5         115.2
           IV         r147.8        114.0        r77.2       r171.8         r123.9        r116.3

       ANNUAL         r148.6        114.7        r77.2       r170.6         r125.1         114.8

 --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

 2004       I           r1.6         -0.8        r-2.4         r2.8          r-0.7           1.1
           II           r6.5          4.1        r-2.3         r5.8           r2.6          -0.6
          III           r5.8          2.3        r-3.3         r7.8           r4.8           1.9
           IV           r7.0          4.7        r-2.1         r8.0           r3.6           0.9

       ANNUAL            3.6          1.2        r-2.4         r5.4           r2.6           1.7

 2005       I           r7.6          4.0        r-3.3       r-11.0         r-12.6         -17.3
           II            4.6          0.9         -3.5          7.5            4.5           2.8
          III           r0.6         -3.9        r-4.5         r4.1          r-2.1          r3.5
           IV          r-4.9         -0.8         r4.3        r-1.3          r-5.1           3.9

       ANNUAL            4.9          2.0         -2.8          1.6          r-1.7          -3.1

 --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2004       I           r2.8         -0.5        r-3.2          5.1            3.2           2.3
           II           r3.2          0.9         -2.1          4.7            1.9           1.5
          III           r3.4          1.7        r-1.7         r5.5           r2.7           2.0
           IV            5.2          2.6         -2.5          6.1            2.6           0.8

       ANNUAL            3.6          1.2        r-2.4         r5.4           r2.6           1.7

 2005       I           r6.7          3.8        r-2.8         r2.3          r-0.6          -4.1
           II           r6.2          3.0         -3.1         r2.7          r-0.2          -3.3
          III           r4.9          1.4         -3.4         r1.8          r-1.9          -2.9
           IV            1.8          0.0         -1.8        r-0.4           -4.0          -2.2

       ANNUAL            4.9          2.0         -2.8          1.6          r-1.7          -3.1

 -------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                               March 5, 2009
 r=revised                                                      Source: Bureau of Labor Statistics



Appendix table 6.
 Nonfinancial corporate sector: Revised productivity, hourly compensation, unit labor costs, unit profits,
 and prices, seasonally adjusted
               Output                      Hourly    Real                Unit     Total    Unit   Implicit
     Year      per all-                    compen-   hourly     Unit     non-     unit     pro-   price
     and       employee          Employee  sation    compen-    labor    labor    costs    fits   deflator
     quarter   hour      Output  hours      (1)      sation(2)  costs    costs(6) (7)      (8)      (4)
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

 2004       I   r137.4    159.4    r116.0   r150.9    r115.7     109.8    109.5    109.7    135.2    112.0
           II   r139.1    161.6    r116.2   r152.9    r116.4     109.9    109.3    109.8    145.7    113.0
          III   r141.3    164.8    r116.6   r155.2    r117.3     109.9    109.0    109.6    150.3    113.3
           IV   r140.8    165.1    r117.2   r157.0    r117.5     111.5    109.3    110.9    147.9    114.2

       ANNUAL   r139.7    162.7    r116.5   r154.0    r116.8     110.3    109.3    110.0    144.8    113.1

 2005       I   r141.9    166.6    r117.4   r157.8    r117.5     111.2    111.2    111.2    155.7    115.2
           II    144.0    170.2     118.2    158.6     117.3     110.2    111.2    110.4    166.5    115.5
          III   r143.0    169.9    r118.8   r160.8    r117.1     112.4    115.5    113.3    152.0    116.7
           IV   r144.9    173.4    r119.7   r161.2    r116.3     111.3    113.0    111.7    177.2    117.6

       ANNUAL   r143.4    170.0    r118.5   r159.6    r117.1     111.3    112.7    111.7    163.0    116.3

 ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

 2004       I     r2.2      4.9      r2.6     -2.9      -6.1      -5.1     -1.6     -4.1     73.5      1.8
           II     r4.9      5.6      r0.6     r5.4      r2.2       0.5     -0.9      0.1     35.0      3.5
          III     r6.4      8.1      r1.6     r6.1      r3.2      -0.2     -1.3     -0.5     13.3      1.0
           IV    r-1.3      0.8      r2.1     r4.8      r0.6       6.1      1.3      4.8     -6.3      3.4

       ANNUAL      3.7      5.1       1.3      3.0       0.3      -0.7     -1.6     -0.9     31.8      2.0

 2005       I     r3.0      3.7      r0.7     r2.0      r0.3      -0.9      7.1      1.2     23.0      3.5
           II     r6.1      8.9      r2.6     r2.1     r-0.7      -3.8     -0.1     -2.8     30.8      0.9
          III    r-2.7     -0.6      r2.2     r5.5     r-0.7       8.4     16.7     10.6    -30.6      4.5
           IV     r5.4      8.4      r2.8     r1.2     r-2.8      -4.1     -8.7     -5.3     84.8      2.9

       ANNUAL     r2.7      4.5       1.7     r3.6      r0.3       0.9      3.2      1.5     12.5      2.8

 ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

 2004       I      4.0      4.7       0.6      3.2       1.3      -0.8     -2.7     -1.3     31.3      1.4
           II     r4.0      5.2       1.2      2.7      r0.0      -1.2     -1.5     -1.3     37.8      2.1
          III     r4.0      5.7      r1.6     r2.9      r0.2      -1.0     -1.6     -1.2     33.3      2.0
           IV      3.0      4.8       1.7      3.3      -0.1       0.2     -0.6      0.0     25.6      2.4

       ANNUAL      3.7      5.1       1.3      3.0       0.3      -0.7     -1.6     -0.9     31.8      2.0

 2005       I     r3.2      4.5      r1.2     r4.6      r1.5       1.3      1.5      1.4     15.2      2.9
           II     r3.5      5.3       1.7      3.8      r0.8       0.2      1.7      0.6     14.3      2.2
          III     r1.2      3.1      r1.9     r3.6     r-0.2       2.3      6.0      3.3      1.1      3.1
           IV      2.9      5.0       2.1      2.7      -1.0      -0.2      3.3      0.7     19.8      2.9

       ANNUAL     r2.7      4.5       1.7     r3.6      r0.3       0.9      3.2      1.5     12.5      2.8

 ---------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                       March 5, 2009
 r=revised                                                              Source: Bureau of Labor Statistics





Last Modified Date: March 05, 2009