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Economic News Release
PRINT:Print

Productivity and Costs News Release



Transmission of material in this release is embargoed until     USDL 14-0353
8:30 a.m. (EST) Thursday, March 6, 2014

Technical information:  (202) 691-5606    dprweb@bls.gov   www.bls.gov/lpc
Media contact           (202) 691-5902    PressOffice@bls.gov




                        PRODUCTIVITY AND COSTS
           Fourth Quarter and Annual Averages 2013, Revised


Nonfarm business sector labor productivity increased at a 1.8 percent annual 
rate during the fourth quarter of 2013, the U.S. Bureau of Labor Statistics 
reported today. The increase in productivity reflects increases of 3.4 
percent in output and 1.6 percent in hours worked. (All quarterly percent 
changes in this release are seasonally adjusted annual rates.) From the 
fourth quarter of 2012 to the fourth quarter of 2013, productivity increased 
1.3 percent as output and hours worked rose 2.9 percent and 1.7 percent, 
respectively. (See table A.) Annual average productivity increased 0.5 
percent from 2012 to 2013. (See table C.)

Labor productivity, or output per hour, is calculated by dividing an index of 
real output by an index of hours worked of all persons, including employees, 
proprietors, and unpaid family workers.  The measures released today are 
based on more recent source data than were available for the preliminary 
report.

Unit labor costs in nonfarm businesses decreased 0.1 percent in the fourth 
quarter of 2013, while hourly compensation increased 1.7 percent. Unit labor 
costs fell 0.9 percent over the last four quarters. (See table A.) 

BLS defines unit labor costs as the ratio of hourly compensation to labor 
productivity; increases in hourly compensation tend to increase unit labor 
costs and increases in output per hour tend to reduce them.

==============================================================================
Data in this release reflect the annual benchmark revision of BLS Current 
Employment Statistics program data on nonfarm employment and hours, and the 
revised seasonal adjustment of those data. More detail can be found in tables 
1 through 6 and appendix tables 1 through 6. See Revised measures.
==============================================================================

Manufacturing sector productivity increased 1.3 percent in the fourth quarter 
of 2013, as output increased 5.0 percent and hours worked increased 3.6 
percent. Productivity increased 3.0 percent in the durable goods sector and 
decreased 0.1 percent in the nondurable goods sector. Over the last four 
quarters, manufacturing productivity increased 1.9 percent, as output 
increased 3.0 percent and hours increased 1.1 percent. Unit labor costs in 
manufacturing decreased 0.1 percent in the fourth quarter of 2013 and 
declined 1.0 percent from the same quarter a year ago. (See tables A and 3.)

The concepts, sources, and methods used for the manufacturing output series 
differ from those used in the business and nonfarm business output series; 
these output measures are not directly comparable. See Technical Notes for a 
more detailed explanation. 

Revised measures

Quarterly and annual measures of hours and related series--including 
productivity-- were revised back to 1979 for the business, nonfarm business, 
and nonfinancial corporate sectors and back to 1990 for the manufacturing 
sector. The revisions incorporate revised Current Employment Statistics (CES) 
program data published February 7, 2014.  From 2009 forward the data were 
subject to revision as a result of annual benchmarking of CES data and 
revised seasonal adjustment of those data. Prior to 2009 there were small 
revisions due to the reclassification of some industries. Index measures 
related to hours show full historical revisions because the 2009 base year 
values were revised; resulting revisions to percent changes are small. Third 
quarter, fourth quarter, and annual average data for 2013 were also revised 
for regular updates of source data on output and compensation.

Revised and previous measures for the third and fourth quarters of 2013 are 
shown in table B for the business, nonfarm business, and manufacturing 
sectors. Revised annual average measures for 2009 to 2013 are shown in table 
C for the nonfarm business and manufacturing sectors. Revised third quarter 
measures for the nonfinancial corporate sector are shown in table D. 
Quarterly and annual data for all sectors appear in tables 1-6 for 2011 
through 2013 and in appendix tables 1-6 for 2008 through 2010. Full 
historical annual and quarterly measures can be found on the labor 
productivity and costs home page at http://www.bls.gov/lpc/#data. 

In the fourth quarter of 2013, nonfarm business productivity increased 1.8 
percent rather than 3.2 percent as reported February 6. The revised figure 
reflects a 1.5 percentage point downward revision to output and a 0.1 
percentage point downward revision to hours. Unit labor costs decreased 0.1 
percent, a smaller decline than was previously reported. Manufacturing 
productivity growth was revised downward, to 1.3 percent, reflecting a 
downward revision to output that was larger than a downward revision to 
hours.  Due to both the downward revision to productivity and an upward 
revision to hourly compensation, manufacturing unit labor costs decreased 0.1 
percent, rather than falling 1.0 percent as reported in the preliminary 
release. (See table B.) 

In the third quarter of 2013, nonfarm business productivity growth was little 
changed, at 3.5 percent, reflecting a slight upward revision to hours. Unit 
labor costs decreased 2.1 percent, as revised. In the manufacturing sector, 
productivity increased 0.2 percent rather than falling 0.1 percent as 
previously reported. The combination of the upward revision to productivity 
and a downward revision to compensation per hour resulted in a smaller 
increase in manufacturing unit labor costs than previously reported. (See 
table B.) Nonfinancial corporate sector productivity decreased 0.7 percent in 
the third quarter of 2013. (See table D.)

When the annual average indexes of output per hour are compared, nonfarm 
business sector productivity rose 0.5 percent from 2012 to 2013.  Since 2010, 
productivity has increased at an average annual rate of 0.8 percent, 
reflecting average annual growth rates of 2.8 percent in output and 2.0 
percent in hours worked.  In contrast, output per hour had increased 3.3 
percent in 2010 as output increased 3.2 percent and hours declined 0.1 
percent.  In 2009, marked by the trough of the most recent recession, 
productivity grew 3.1 percent as output fell 4.3 percent and hours fell 
faster, 7.2 percent. Unit labor costs rose 1.1 percent from 2012 to 2013, 
similar to the 1.2 percent increase in the previous year. 

In the manufacturing sector, annual average productivity growth was revised 
down to 1.8 percent in 2013, the same rate as in 2012.  Productivity growth 
over the last three years of 1.5 percent per year on average reflected annual 
average rates of growth in output and hours of 3.2 percent and 1.7 percent, 
respectively.  Manufacturing unit labor costs fell 0.9 percent in 2013 as the 
1.8 percent increase in productivity was greater than the 0.9 percent 
increase in compensation per hour. The gain in hourly compensation was the 
smallest in the annual series which extends back to 1988. (See table C.)
______________




The preliminary Productivity and Costs news release for first-quarter 2014 is 
scheduled to be released on Wednesday, May 7, 2014 at 8:30 a.m. (EDT).






======================================================================================================
Table A. Revised fourth-quarter 2013 measures: percent change from previous quarter at annual rate 
         (Q to Q) and from same quarter a year ago (Y to Y)
         
Sector                    Nonfarm                                        Durable         Nondurable
                          Business         Business      Manufacturing   Manufacturing   Manufacturing
                       Q to Q   Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y
------------------------------------------------------------------------------------------------------
Productivity             1.8      1.3     1.5     1.7     1.3     1.9     3.0     2.9    -0.1     1.1
Output                   3.4      2.9     3.2     3.4     5.0     3.0     7.5     4.6     2.4     1.2
Hours                    1.6      1.7     1.7     1.6     3.6     1.1     4.4     1.6     2.4     0.1
Hourly
 compensation            1.7      0.3     1.5     0.4     1.2     0.9     1.7     0.9     0.2     0.9
Real hourly
 compensation            0.8     -0.9     0.6    -0.9     0.4    -0.3     0.8    -0.3    -0.6    -0.3
Unit labor costs        -0.1     -0.9    -0.1    -1.4    -0.1    -1.0    -1.3    -2.0     0.3    -0.2
======================================================================================================
Table B. Revised and previous measures: fourth quarter and third quarter 2013
Sector            Nonfarm                                             Durable           Nondurable
                  Business         Business         Manufacturing     Manufacturing     Manufacturing
              Revised Previous  Revised Previous  Revised Previous  Revised Previous  Revised Previous
------------------------------------------------------------------------------------------------------
                        Percent change, annual rate, fourth quarter 2013
                        
Productivity    1.8      3.2      1.5      2.6      1.3      2.0      3.0      3.4     -0.1      1.0
Output          3.4      4.9      3.2      4.4      5.0      6.6      7.5      8.8      2.4      4.1
Hours           1.6      1.7      1.7      1.7      3.6      4.4      4.4      5.2      2.4      3.1
Hourly
 compensation   1.7      1.5      1.5      1.3      1.2      1.0      1.7      0.7      0.2      1.7
Real hourly
 compensation   0.8      0.6      0.6      0.4      0.4      0.2      0.8     -0.2     -0.6      0.8
Unit labor
 costs         -0.1     -1.6     -0.1     -1.3     -0.1     -1.0     -1.3     -2.7      0.3      0.7
------------------------------------------------------------------------------------------------------
                        Percent change, annual rate, third quarter 2013
                        
Productivity    3.5      3.6      3.2      3.4      0.2     -0.1      1.6      1.0     -1.0     -0.8
Output          5.4      5.4      5.6      5.6      1.4      1.3      3.2      3.2     -0.6     -0.8
Hours           1.9      1.7      2.3      2.2      1.1      1.3      1.6      2.1      0.4      0.0
Hourly
 compensation   1.3      1.6      0.9      1.2      0.5      1.2      0.9      0.1     -0.5      3.2
Real hourly
 compensation  -1.2     -1.0     -1.7     -1.4     -2.1     -1.4     -1.6     -2.5     -3.0      0.5
Unit labor
 costs         -2.1     -2.0     -2.2     -2.1      0.2      1.2     -0.7     -0.9      0.6      4.0
======================================================================================================
Table C. Annual average changes in productivity and related measures: 2009-2013

Sector                            Nonfarm Business                         Manufacturing
                        2009    2010    2011    2012    2013  |  2009   2010    2011    2012     2013
--------------------------------------------------------------|---------------------------------------
                                                              | 
Productivity             3.1     3.3     0.5     1.5     0.5  |   0.0    6.3     1.0     1.8      1.8
Output                  -4.3     3.2     2.5     3.7     2.2  | -12.9    6.3     3.1     4.1      2.5
Hours                   -7.2    -0.1     2.0     2.2     1.7  | -12.9    0.0     2.1     2.3      0.7
Hourly                                                        |
 compensation            1.1     2.1     2.5     2.6     1.6  |   3.4    2.4     1.3     1.9      0.9
Real hourly                                                   |
 compensation            1.5     0.4    -0.7     0.5     0.1  |   3.8    0.7    -1.8    -0.2     -0.5
Unit labor costs        -2.0    -1.2     2.0     1.2     1.1  |   3.4   -3.7     0.4     0.1     -0.9
======================================================================================================
Table D.  Nonfinancial corporations: revised third-quarter 2013 productivity and cost measures
       
                                                        Real 
                                           Hourly       hourly        Unit                    Implicit
             Produc-                       compen-      compen-       labor       Unit        price
             tivity    Output     Hours    sation       sation        costs       profits     deflator
------------------------------------------------------------------------------------------------------
                             Percent change, annual rate, third quarter 2013
Revised       -0.7       1.7       2.4       0.9        -1.7           1.6         2.4          2.1
Previous      -0.5       1.7       2.2       1.1        -1.5           1.6         2.4          2.1
======================================================================================================



			TECHNICAL NOTES
				
				
Labor Hours: Hours data for the labor productivity and cost measures 
include hours for all persons working in the sector--wage 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 75 percent of the value of GDP in 2012. 
Nonfarm business, which excludes farming, accounted for about 74 
percent of GDP in 2012.
     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 49 percent of the value 
of GDP in 2012.
     
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: The measure includes accrued wages and salaries, 
supplements, employer contributions to employee benefit plans, and 
taxes. 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 percent changes from the previous quarter 
presented at a compound annual rate, as percent changes from the 
corresponding quarter of the previous year, and as index number 
series where 2009=100. 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, 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
             Output                            Compen-    compen-               Unit       Implicit
 Year        per hour               Hours      sation     sation      Unit      nonlabor   price
 and         of all                 of all     per hour   per hour    labor     payments   deflator
 quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2013 ANNUAL    0.9 r       2.5        1.5        1.8        0.3        0.8        2.3 r      1.5  

2013 IV        1.5 r       3.2 r      1.7        1.5 r      0.6 r     -0.1 r      2.3 r      1.0 r
     III       3.2 r       5.6        2.3 r      0.9 r     -1.7 r     -2.2 r      7.8 r      2.1  
     II        1.9 r       3.4        1.4 r      3.9        3.9 r      1.9       -1.7        0.3  
     I         0.3 r       1.4        1.1 r     -4.7 r     -6.1 r     -4.9       11.4        1.8  

2012 ANNUAL    1.4         3.6        2.2        2.6        0.5        1.2        2.6        1.8  

2012 IV       -1.6 r       0.2        1.9 r     10.4 r      8.0 r     12.3 r    -11.5        1.2  
     III       1.7 r       3.6        1.8 r      0.4 r     -1.6 r     -1.3        7.5 r      2.5  
     II        1.2 r       1.6        0.4 r      1.8 r      0.8 r      0.6        3.9        2.0  
     I         1.5 r       4.9        3.3 r      9.0 r      6.5 r      7.4       -5.4        1.6  

2011 ANNUAL    0.4         2.4        2.0        2.4       -0.7        2.0        2.3        2.1  

2011 IV        3.6 r       6.4        2.6 r     -4.2 r     -5.6 r     -7.6       12.4        0.7  
     III      -0.4 r       1.8        2.2 r      2.4 r     -0.6 r      2.7 r      3.1 r      2.9  
     II        1.3 r       4.1        2.7 r     -1.0 r     -5.4 r     -2.3        9.9 r      2.7  
     I        -2.8 r      -1.9        1.0 r      6.9 r      2.4 r     10.0       -8.5 r      1.6  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2013 ANNUAL    0.9 r       2.5        1.5        1.8        0.3        0.8        2.3 r      1.5  

2013 IV        1.7 r       3.4 r      1.6        0.4       -0.9 r     -1.4 r      4.8 r      1.3 r
     III       0.9         2.6        1.7        2.5        0.9        1.6        1.1        1.4  
     II        0.6         2.1        1.5        2.4        0.9 r      1.8        1.0        1.5  
     I         0.4 r       1.7        1.3 r      1.8 r      0.1 r      1.5        2.4        1.9  

2012 ANNUAL    1.4         3.6        2.2        2.6        0.5        1.2        2.6        1.8  

2012 IV        0.7         2.6        1.9 r      5.3        3.4        4.6       -1.7        1.8  
     III       2.0         4.1        2.1 r      1.6       -0.1       -0.4        4.4        1.7  
     II        1.5 r       3.6        2.1 r      2.1        0.2        0.6        3.3        1.8  
     I         1.5         4.3        2.7        1.4       -1.4       -0.1        4.7        2.0  

2011 ANNUAL    0.4         2.4        2.0        2.4       -0.7        2.0        2.3        2.1  

2011 IV        0.4         2.5        2.1 r      0.9 r     -2.3 r      0.5        3.9        2.0  
     III      -0.1         1.9        2.0 r      2.4 r     -1.3 r      2.5        2.3        2.4  
     II        0.6         2.5        1.8 r      2.5       -0.8 r      1.8        2.6        2.2  
     I         0.6         2.7        2.1        3.9 r      1.7        3.2        0.1        1.9  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2013 ANNUAL  106.1 r     112.1 r    105.7 r    109.1 r    100.4 r    102.8 r    112.1 r    106.7 r

2013 IV      106.9 r     113.8 r    106.4 r    109.7 r    100.5 r    102.6 r    113.5 r    107.2 r
     III     106.5 r     112.9      106.0 r    109.3 r    100.4 r    102.7 r    112.9 r    106.9  
     II      105.7 r     111.4      105.4 r    109.1 r    100.8 r    103.2 r    110.8 r    106.4  
     I       105.2 r     110.5      105.0 r    108.1 r     99.8 r    102.7 r    111.3      106.3  

2012 ANNUAL  105.1 r     109.5      104.1 r    107.2 r    100.1 r    102.0 r    109.6 r    105.1  

2012 IV      105.1 r     110.1      104.7 r    109.4 r    101.4 r    104.0 r    108.3 r    105.8  
     III     105.5 r     110.0      104.3 r    106.7 r     99.5 r    101.1 r    111.7 r    105.5  
     II      105.1 r     109.1      103.8 r    106.6 r     99.9 r    101.4 r    109.7 r    104.9  
     I       104.8 r     108.6      103.7 r    106.1 r     99.7 r    101.3 r    108.6 r    104.4  

2011 ANNUAL  103.7 r     105.6      101.9 r    104.5 r     99.6 r    100.8 r    106.8 r    103.3  

2011 IV      104.4 r     107.3      102.8 r    103.8 r     98.1 r     99.5 r    110.2 r    103.9  
     III     103.5 r     105.7      102.2 r    105.0 r     99.5 r    101.5 r    107.0 r    103.8  
     II      103.6 r     105.2      101.6 r    104.4 r     99.7 r    100.8 r    106.2 r    103.0  
     I       103.2 r     104.2      100.9 r    104.6 r    101.1 r    101.4 r    103.7 r    102.4  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 6, 2014
r=revised                                                        Source: Bureau of Labor Statistics





Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
 Year        per hour               Hours      sation     sation      Unit      nonlabor   price
 and         of all                 of all     per hour   per hour    labor     payments   deflator
 quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2013 ANNUAL    0.5 r       2.2 r      1.7 r      1.6        0.1 r      1.1 r      1.5 r      1.3  

2013 IV        1.8 r       3.4 r      1.6 r      1.7 r      0.8 r     -0.1 r      3.5 r      1.4 r
     III       3.5 r       5.4        1.9 r      1.3 r     -1.2 r     -2.1 r      8.5 r      2.4  
     II        1.8         3.3        1.5 r      3.8        3.8 r      2.0       -0.7        0.8  
     I        -1.8 r      -0.3        1.6 r     -5.3 r     -6.7 r     -3.5        6.8        0.7  

2012 ANNUAL    1.5         3.7        2.2        2.6        0.5        1.2        2.7        1.8  

2012 IV       -1.5 r       0.7        2.2 r     10.2 r      7.8 r     11.8      -12.1        0.8  
     III       2.1 r       4.2        2.0 r      0.3 r     -1.7 r     -1.8        7.7        2.2  
     II        1.1 r       1.6        0.5 r      1.8 r      0.8 r      0.7        4.0        2.1  
     I         1.7 r       5.0        3.2 r      9.2 r      6.7 r      7.4       -5.6 r      1.5  

2011 ANNUAL    0.5         2.5        2.0        2.5       -0.7        2.0        1.4        1.7  

2011 IV        3.2 r       5.9        2.6 r     -4.3 r     -5.6 r     -7.3       13.2 r      1.1  
     III      -0.3 r       1.7        2.0 r      2.7 r     -0.2 r      3.0        2.3        2.7  
     II        1.6 r       4.7        3.1 r     -1.4 r     -5.7 r     -2.9       10.1        2.4  
     I        -2.7 r      -2.1        0.7 r      7.2 r      2.7 r     10.2      -10.4 r      0.9  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2013 ANNUAL    0.5 r       2.2 r      1.7 r      1.6        0.1 r      1.1 r      1.5 r      1.3  

2013 IV        1.3 r       2.9 r      1.7 r      0.3 r     -0.9       -0.9 r      4.4 r      1.3  
     III       0.5         2.3        1.8        2.4        0.8        1.9        0.3        1.2  
     II        0.1 r       1.9        1.8 r      2.1 r      0.6 r      1.9 r      0.1        1.2  
     I         0.0         1.5        1.6 r      1.6 r     -0.1 r      1.6        1.3        1.5  

2012 ANNUAL    1.5         3.7        2.2        2.6        0.5        1.2        2.7        1.8  

2012 IV        0.8 r       2.8        2.0 r      5.3        3.3        4.4       -1.8        1.7  
     III       2.0         4.1        2.1        1.6       -0.1 r     -0.4        4.6        1.7  
     II        1.4         3.5        2.1        2.2        0.3        0.8        3.3        1.9  
     I         1.6         4.3        2.7        1.4 r     -1.3       -0.1        4.8        1.9  

2011 ANNUAL    0.5         2.5        2.0        2.5       -0.7        2.0        1.4        1.7  

2011 IV        0.4         2.5        2.1        1.0 r     -2.3 r      0.5        3.4        1.8  
     III       0.1 r       2.1        2.0 r      2.5 r     -1.2 r      2.4        1.4        2.0  
     II        0.8 r       2.7        1.9        2.4       -0.9        1.7        1.7        1.7  
     I         0.7 r       2.7        2.0 r      4.0        1.8        3.3       -0.9        1.5  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2013 ANNUAL  105.8 r     112.0 r    105.9 r    109.1 r    100.4 r    103.1 r    109.9 r    105.9 r

2013 IV      106.7 r     113.7 r    106.6 r    109.8 r    100.6 r    102.9 r    111.7 r    106.6 r
     III     106.2 r     112.8      106.1 r    109.4 r    100.4 r    103.0 r    110.8 r    106.2  
     II      105.3 r     111.3      105.6 r    109.0 r    100.7 r    103.5 r    108.5 r    105.6  
     I       104.9 r     110.4      105.3 r    108.0 r     99.8 r    103.0 r    108.7      105.4  

2012 ANNUAL  105.3 r     109.7      104.1 r    107.4 r    100.3 r    102.0 r    108.3 r    104.6  

2012 IV      105.4 r     110.5      104.8 r    109.5 r    101.5 r    103.9 r    106.9 r    105.2  
     III     105.8 r     110.3      104.3 r    106.9 r     99.7 r    101.1 r    110.4 r    105.0  
     II      105.2 r     109.2      103.8 r    106.8 r    100.1 r    101.5 r    108.4 r    104.4  
     I       104.9 r     108.7      103.6 r    106.3 r     99.9 r    101.3 r    107.3 r    103.8  

2011 ANNUAL  103.8 r     105.7      101.9 r    104.6 r     99.8 r    100.8 r    105.5 r    102.7  

2011 IV      104.5 r     107.4      102.8 r    104.0 r     98.3 r     99.6 r    108.9 r    103.4  
     III     103.6 r     105.9      102.2 r    105.2 r     99.7 r    101.5 r    105.5 r    103.2  
     II      103.7 r     105.4      101.7 r    104.5 r     99.8 r    100.7 r    104.9 r    102.5  
     I       103.3 r     104.2      100.9 r    104.8 r    101.3 r    101.5 r    102.4 r    101.9  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 6, 2014
r=revised                                                        Source: Bureau of Labor Statistics





Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2013 ANNUAL        1.8 r          2.5 r          0.7 r          0.9 r         -0.5 r         -0.9 r

2013 IV            1.3 r          5.0 r          3.6 r          1.2 r          0.4 r         -0.1 r
     III           0.2 r          1.4 r          1.1 r          0.5 r         -2.1 r          0.2 r
     II            2.5 r          0.2           -2.2 r          2.9 r          2.9 r          0.4  
     I             3.6 r          5.4            1.7 r         -0.8 r         -2.3 r         -4.3  

2012 ANNUAL        1.8            4.1            2.3            1.9           -0.2            0.1  

2012 IV            2.3            2.7            0.4            4.1            1.8 r          1.8  
     III          -1.0 r          0.1            1.1 r         -2.5 r         -4.4 r         -1.5  
     II            0.8 r          2.1            1.3 r          0.6 r         -0.4 r         -0.2  
     I             5.1 r          8.4            3.1 r         11.3 r          8.7 r          5.9  

2011 ANNUAL        1.0            3.1            2.1            1.3           -1.8            0.4  

2011 IV            0.4 r          5.2            4.8 r         -4.6 r         -6.0 r         -5.0  
     III           4.3 r          4.7            0.4 r          1.5 r         -1.4 r         -2.7  
     II           -3.5           -0.7            2.9           -2.3           -6.6            1.3  
     I             1.3 r          3.0            1.8 r          1.8 r         -2.5 r          0.6  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2013 ANNUAL        1.8 r          2.5 r          0.7 r          0.9 r         -0.5 r         -0.9 r

2013 IV            1.9 r          3.0 r          1.1 r          0.9 r         -0.3 r         -1.0 r
     III           2.1 r          2.4            0.3 r          1.6 r          0.1 r         -0.5 r
     II            1.8 r          2.1            0.3 r          0.9 r         -0.5 r         -0.9  
     I             1.4 r          2.6            1.1 r          0.3 r         -1.3 r         -1.1  

2012 ANNUAL        1.8            4.1            2.3            1.9           -0.2            0.1  

2012 IV            1.8            3.3            1.5 r          3.2 r          1.3 r          1.5  
     III           1.3            3.9            2.6            1.0           -0.7           -0.3  
     II            2.6            5.1            2.4            2.0            0.1           -0.6  
     I             1.5 r          4.3            2.8            1.3 r         -1.5 r         -0.2  

2011 ANNUAL        1.0            3.1            2.1            1.3           -1.8            0.4  

2011 IV            0.6            3.0            2.4 r         -0.9           -4.1           -1.5  
     III           0.9 r          2.1            1.2            1.4           -2.2 r          0.6  
     II           -0.1 r          2.1            2.2 r          1.3           -1.9 r          1.4  
     I             2.6            5.1            2.4            3.6            1.5            1.0  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2013 ANNUAL      111.3 r        116.9 r        105.1 r        106.7 r         98.2 r         95.9 r

2013 IV          111.7 r        118.2 r        105.8 r        107.2 r         98.2 r         96.0 r
     III         111.4 r        116.8 r        104.9 r        106.9 r         98.1 r         96.0 r
     II          111.3 r        116.4          104.6 r        106.8 r         98.7 r         95.9 r
     I           110.6 r        116.3          105.2 r        106.0 r         97.9 r         95.8 r

2012 ANNUAL      109.3 r        114.1          104.4 r        105.7 r         98.8 r         96.8  

2012 IV          109.6 r        114.8          104.7 r        106.2 r         98.5 r         96.9 r
     III         109.0 r        114.0          104.6 r        105.2 r         98.1 r         96.5 r
     II          109.3 r        114.0          104.3 r        105.8 r         99.2 r         96.8 r
     I           109.1 r        113.4          104.0 r        105.7 r         99.3 r         96.9 r

2011 ANNUAL      107.3 r        109.5          102.0 r        103.8 r         99.0 r         96.7 r

2011 IV          107.7 r        111.2          103.2 r        102.9 r         97.2 r         95.5 r
     III         107.6 r        109.8          102.0 r        104.1 r         98.7 r         96.7 r
     II          106.5 r        108.5          101.9 r        103.7 r         99.1 r         97.4 r
     I           107.5 r        108.7          101.1 r        104.3 r        100.8 r         97.1 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 6, 2014
r=revised                                                        Source: Bureau of Labor Statistics





Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2013 ANNUAL        2.7 r          3.7 r          1.0 r          0.6 r         -0.9 r         -2.0 r

2013 IV            3.0 r          7.5 r          4.4 r          1.7 r          0.8 r         -1.3 r
     III           1.6 r          3.2            1.6 r          0.9 r         -1.6 r         -0.7 r
     II            3.7 r          1.5           -2.1 r          2.5 r          2.5 r         -1.1  
     I             3.5 r          6.4            2.9 r         -1.5 r         -3.0 r         -4.8  

2012 ANNUAL        4.0            7.0            2.9            1.5           -0.6 r         -2.3  

2012 IV            3.4 r          3.8            0.3 r          4.3 r          2.1 r          0.9  
     III          -0.6 r          0.0            0.6 r         -3.4 r         -5.3 r         -2.8 r
     II            3.1 r          5.0            1.9 r         -1.2 r         -2.1 r         -4.1  
     I             9.6 r         13.0            3.1 r         12.8 r         10.3 r          2.9  

2011 ANNUAL        2.4            6.3            3.8            0.9           -2.2           -1.5  

2011 IV            2.0 r          9.5            7.4 r         -5.9 r         -7.2 r         -7.8  
     III           7.0 r          7.5            0.4 r          2.4 r         -0.5 r         -4.3  
     II           -5.1 r         -0.2            5.2 r         -4.4 r         -8.6 r          0.8  
     I             2.9 r          6.9            3.9 r          1.6 r         -2.7 r         -1.3  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2013 ANNUAL        2.7 r          3.7 r          1.0 r          0.6 r         -0.9 r         -2.0 r

2013 IV            2.9 r          4.6 r          1.6 r          0.9 r         -0.3 r         -2.0 r
     III           3.0 r          3.7            0.6            1.5            0.0 r         -1.4 r
     II            2.5 r          2.9            0.4 r          0.4 r         -1.0 r         -2.0  
     I             2.3 r          3.8            1.4 r         -0.5 r         -2.1 r         -2.7  

2012 ANNUAL        4.0            7.0            2.9            1.5           -0.6 r         -2.3  

2012 IV            3.8 r          5.3            1.5 r          3.0            1.1           -0.8  
     III           3.5            6.8            3.2            0.3 r         -1.3           -3.0  
     II            5.4            8.7            3.2 r          1.8           -0.1           -3.4  
     I             3.2            7.3            4.0 r          1.0 r         -1.8 r         -2.2  

2011 ANNUAL        2.4            6.3            3.8            0.9           -2.2           -1.5  

2011 IV            1.6            5.9            4.2           -1.6 r         -4.8           -3.2  
     III           1.8            4.5            2.6            1.2           -2.4 r         -0.6  
     II            0.6 r          5.1            4.4 r          0.2 r         -3.1 r         -0.5  
     I             5.7            9.9            3.9            4.1            1.9           -1.6  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2013 ANNUAL      120.5 r        129.8 r        107.7 r        105.6 r         97.3 r         87.7 r

2013 IV          121.7 r        132.2 r        108.7 r        106.3 r         97.3 r         87.3 r
     III         120.8 r        129.9 r        107.5 r        105.8 r         97.1 r         87.6 r
     II          120.3 r        128.8          107.1 r        105.6 r         97.5 r         87.7 r
     I           119.2 r        128.4          107.7 r        104.9 r         96.9 r         88.0 r

2012 ANNUAL      117.4 r        125.1          106.6 r        105.0 r         98.1 r         89.5 r

2012 IV          118.2 r        126.4          106.9 r        105.3 r         97.7 r         89.1 r
     III         117.2 r        125.2          106.8 r        104.2 r         97.2 r         88.9 r
     II          117.4 r        125.2          106.6 r        105.1 r         98.5 r         89.5 r
     I           116.5 r        123.7          106.2 r        105.4 r         99.0 r         90.5 r

2011 ANNUAL      112.9 r        116.9          103.6 r        103.4 r         98.6 r         91.6  

2011 IV          113.9 r        120.0          105.3 r        102.3 r         96.6 r         89.8 r
     III         113.3 r        117.3          103.5 r        103.8 r         98.5 r         91.6 r
     II          111.4 r        115.2          103.4 r        103.2 r         98.6 r         92.6 r
     I           112.9 r        115.2          102.1 r        104.4 r        100.8 r         92.5 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 6, 2014
r=revised                                                        Source: Bureau of Labor Statistics





Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2013 ANNUAL        1.1 r          1.1 r          0.1 r          1.5 r          0.1 r          0.5 r

2013 IV           -0.1 r          2.4 r          2.4 r          0.2 r         -0.6 r          0.3 r
     III          -1.0 r         -0.6 r          0.4 r         -0.5 r         -3.0 r          0.6 r
     II            1.2 r         -1.1           -2.3 r          3.7 r          3.7 r          2.5  
     I             4.6 r          4.3           -0.3 r          0.4 r         -1.1 r         -4.0  

2012 ANNUAL       -0.1            1.1            1.3            2.4            0.3            2.5  

2012 IV            0.9 r          1.5            0.7 r          3.6 r          1.3 r          2.7  
     III          -1.7 r          0.2            1.9 r         -0.8 r         -2.8 r          0.9 r
     II           -1.5 r         -1.1            0.4 r          3.9 r          2.9 r          5.5  
     I             0.2 r          3.4            3.2 r          8.3 r          5.8 r          8.1  

2011 ANNUAL        1.2            0.5           -0.6            1.7           -1.4            0.6  

2011 IV            0.3 r          0.8            0.5 r         -2.6 r         -4.0 r         -2.9  
     III           1.9 r          2.2            0.4 r         -0.3 r         -3.1 r         -2.1  
     II            0.1 r         -0.8           -0.8 r          1.3 r         -3.1 r          1.3  
     I             1.4           -0.2           -1.6            1.8           -2.5            0.4  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2013 ANNUAL        1.1 r          1.1 r          0.1 r          1.5 r          0.1 r          0.5 r

2013 IV            1.1 r          1.2 r          0.1 r          0.9 r         -0.3 r         -0.2 r
     III           1.4 r          1.0 r         -0.4 r          1.8 r          0.2 r          0.4 r
     II            1.2 r          1.2            0.0 r          1.7 r          0.2 r          0.5  
     I             0.5 r          1.2            0.7 r          1.8            0.1            1.2  

2012 ANNUAL       -0.1            1.1            1.3            2.4            0.3            2.5  

2012 IV           -0.5            1.0            1.5            3.7 r          1.8            4.3  
     III          -0.7            0.8            1.5            2.1            0.4            2.8  
     II            0.2            1.3            1.1 r          2.3 r          0.3            2.0  
     I             0.6            1.4            0.8 r          1.6 r         -1.2            1.0  

2011 ANNUAL        1.2            0.5           -0.6            1.7           -1.4            0.6  

2011 IV            0.9            0.5           -0.4            0.0           -3.2           -0.8  
     III           1.3            0.2           -1.0            1.5           -2.1 r          0.3  
     II            1.2 r         -0.1           -1.2            3.0           -0.4            1.8  
     I             1.3 r          1.4            0.1            2.4 r          0.3            1.1  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2013 ANNUAL      105.2 r        106.2 r        100.9 r        108.2 r         99.6 r        102.8 r

2013 IV          105.2 r        106.5 r        101.3 r        108.4 r         99.3 r        103.1 r
     III         105.2 r        105.9 r        100.7 r        108.4 r         99.5 r        103.0 r
     II          105.5 r        106.0          100.6 r        108.5 r        100.3 r        102.9 r
     I           105.1 r        106.4          101.1 r        107.5 r         99.3 r        102.3 r

2012 ANNUAL      104.1 r        105.0          100.8 r        106.6 r         99.6 r        102.3 r

2012 IV          104.0 r        105.2          101.2 r        107.4 r         99.6 r        103.3 r
     III         103.8 r        104.8          101.1 r        106.5 r         99.3 r        102.6  
     II          104.2 r        104.8          100.6 r        106.7 r        100.0 r        102.4 r
     I           104.6 r        105.1          100.5 r        105.7 r         99.3 r        101.0 r

2011 ANNUAL      104.2 r        103.8           99.6 r        104.1 r         99.2 r         99.8 r

2011 IV          104.5 r        104.2           99.7 r        103.6 r         97.9 r         99.1 r
     III         104.5 r        104.0           99.5 r        104.3 r         98.9 r         99.8  
     II          104.0 r        103.4           99.5 r        104.3 r         99.7 r        100.4 r
     I           104.0 r        103.6           99.7 r        104.0 r        100.5 r        100.0 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 6, 2014
r=revised                                                        Source: Bureau of Labor Statistics





Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
and prices, seasonally adjusted
                                                     Real               Unit
              Output                       Hourly    hourly             non-      Total   Unit   Implicit
 Year         per all-                     compen-   compen-   Unit     labor     unit    pro-   price
 and          employee          Employee   sation    sation    labor    costs     cost    fits   deflator
 quarter      hour     Output   hours       (1)       (2)      costs     (6)      (7)     (8)      (4)
---------------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

2013 III      -0.7 r     1.7      2.4 r     0.9 r    -1.7 r     1.6      3.1      2.1      2.4      2.1  
     II        3.3       4.9      1.6       3.7       3.7       0.4     -5.6     -1.6      8.0     -0.3  
     I        -4.2 r    -1.3      3.1 r    -6.2 r    -7.6 r    -2.1      9.1      1.5      0.3      1.3  

2012 ANNUAL    1.4       3.7      2.3       2.8       0.7       1.4      0.2      1.0      3.8      1.4  

2012 IV        4.8 r     6.4      1.5 r     7.9 r     5.6 r     3.0     -4.2      0.6      9.6      1.8  
     III      -3.4 r    -2.0      1.5 r     0.2 r    -1.8 r     3.7      3.0      3.5     -7.4      1.8  
     II        0.7 r     1.6      0.8 r     1.1 r     0.1 r     0.3      1.1      0.6      5.8      1.3  
     I         5.4 r     8.9      3.3 r    11.8 r     9.2 r     6.1     -0.6      3.8     -2.2      2.9  

2011 ANNUAL    0.3       3.0      2.8       2.1      -1.0       1.9      0.7      1.5      7.7      2.3  

2011 IV        2.2 r     4.5      2.3 r    -3.9 r    -5.3 r    -6.0     -1.3     -4.5      0.8     -3.7  
     III      -3.8 r    -0.7      3.2 r     1.1 r    -1.8 r     5.1      3.2      4.5      7.6      4.9  
     II        2.1 r     6.4      4.2 r    -2.1 r    -6.4 r    -4.1     -1.8     -3.3     54.1      3.1  
     I         4.8 r     6.1      1.2 r     9.5 r     4.8 r     4.5     -0.3      2.9    -16.9      0.0  
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2013 III       0.7       2.9      2.1       1.4      -0.1       0.7      0.4      0.6      5.0      1.2  
     II        0.0 r     1.9      1.9 r     1.2 r    -0.2 r     1.2      0.4      0.9      2.4      1.2  
     I        -0.6 r     1.1      1.7 r     0.6 r    -1.1 r     1.2      2.1      1.5      1.9      1.6  

2012 ANNUAL    1.4       3.7      2.3       2.8       0.7       1.4      0.2      1.0      3.8      1.4  

2012 IV        1.8       3.6      1.8 r     5.1       3.2       3.2     -0.2      2.1      1.2      2.0  
     III       1.2       3.2      2.0       2.1       0.4       0.9      0.5      0.8     -0.9      0.5  
     II        1.1 r     3.5      2.4       2.3       0.4       1.3      0.6      1.0      2.9      1.3  
     I         1.4       4.7      3.2       1.5 r    -1.2       0.1     -0.2      0.0     13.1      1.7  

2011 ANNUAL    0.3       3.0      2.8       2.1      -1.0       1.9      0.7      1.5      7.7      2.3  

2011 IV        1.3 r     4.0      2.7 r     1.0 r    -2.3      -0.3     -0.1     -0.2      8.5      1.0  
     III      -0.7       2.1      2.8 r     2.1 r    -1.6 r     2.9      1.7      2.5      5.4      2.9  
     II        0.7       3.5      2.7 r     2.1      -1.2       1.4      0.4      1.0     12.8      2.6  
     I        -0.2       2.6      2.8       3.3       1.2 r     3.5      0.9      2.6      4.1      2.8  
---------------------------------------------------------------------------------------------------------
                                            Indexes 2009=100

2013 III     107.2 r   115.5    107.8 r   107.9 r    99.1 r   100.7     98.6    100.0    149.6    105.2  
     II      107.3 r   115.0    107.1 r   107.7 r    99.5 r   100.3     97.9     99.5    148.7    104.6  
     I       106.5 r   113.6    106.7 r   106.7 r    98.6 r   100.2     99.3     99.9    145.9    104.7  

2012 ANNUAL  107.1 r   112.9    105.4 r   106.8 r    99.8 r    99.7     97.5     99.0    144.2    103.7  

2012 IV      107.6 r   114.0    105.9 r   108.4 r   100.6 r   100.7     97.2     99.5    145.8    104.4  
     III     106.4 r   112.2    105.5 r   106.4 r    99.2 r   100.0     98.2     99.4    142.5    103.9  
     II      107.3 r   112.8    105.1 r   106.4 r    99.7 r    99.1     97.5     98.6    145.3    103.4  
     I       107.1 r   112.4    104.9 r   106.1 r    99.7 r    99.0     97.2     98.4    143.2    103.1  

2011 ANNUAL  105.7 r   108.8    103.0 r   103.9 r    99.1 r    98.3     97.4     98.0    139.0    102.3  

2011 IV      105.7 r   110.0    104.1 r   103.2 r    97.5 r    97.6     97.4     97.5    144.0    102.4  
     III     105.2 r   108.8    103.5 r   104.2 r    98.8 r    99.1     97.7     98.6    143.8    103.3  
     II      106.2 r   109.0    102.7 r   103.9 r    99.3 r    97.9     96.9     97.6    141.2    102.1  
     I       105.6 r   107.3    101.6 r   104.5 r   100.9 r    98.9     97.4     98.4    126.7    101.3  
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                            March 6, 2014
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. 
Hours and compensation 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 -1.6 and 1.5 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 2013.

			      Table Footnotes
      
(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 1978-2012 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 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
              Output                            Compen-    compen-               Unit       Implicit
  Year        per hour               Hours      sation     sation      Unit      nonlabor   price
  and         of all                 of all     per hour   per hour    labor     payments   deflator
  quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2010 ANNUAL    3.3         3.1       -0.1        2.0        0.3       -1.2        4.4        1.1  

 2010 IV        1.5 r       3.7        2.2 r      1.7 r     -1.4 r      0.1        5.8        2.6  
      III       2.6         4.2        1.5 r      2.5        1.2 r     -0.1        4.3        1.8  
      II        1.3 r       5.0        3.6 r      4.5 r      4.7 r      3.1 r     -0.6 r      1.5  
      I         1.4 r       1.8        0.4 r     -2.8 r     -3.5 r     -4.1 r     10.0        1.7  

 2009 ANNUAL    3.3        -4.1       -7.1        1.0 r      1.4       -2.2        3.8        0.3  

 2009 IV        4.9 r       4.8       -0.1 r      2.4 r     -0.8       -2.4        6.3        1.2  
      III       6.6 r       1.4       -4.9 r      3.1       -0.4 r     -3.3        3.7       -0.4  
      II        8.1 r      -1.0       -8.4 r      9.9 r      7.9 r      1.7       -6.1       -1.6  
      I         3.1        -7.2      -10.0       -9.4       -7.1 r    -12.2       23.1        0.8  

 2008 ANNUAL    0.8        -1.2       -2.0        2.6 r     -1.2 r      1.8        1.1        1.5  

 2008 IV       -2.4       -11.3       -9.1 r      4.0 r     14.1 r      6.6      -10.4       -0.6  
      III       0.9        -3.4       -4.3 r      3.4       -2.7        2.5        3.0        2.7  
      II        3.9         1.7       -2.1        0.6       -4.4       -3.2        9.5        1.8  
      I        -3.4        -4.4       -1.1        3.8 r     -0.7        7.4       -6.6        1.5  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2010 ANNUAL    3.3         3.1       -0.1        2.0        0.3       -1.2        4.4        1.1  

 2010 IV        1.7 r       3.7        1.9        1.4 r      0.2 r     -0.3        4.8        1.9  
      III       2.5         3.9        1.3        1.6        0.4       -0.9        4.9        1.5  
      II        3.5         3.2       -0.3        1.8        0.0       -1.7        4.8        1.0  
      I         5.2         1.7       -3.3        3.1 r      0.7       -2.0        3.3        0.2  

 2009 ANNUAL    3.3        -4.1       -7.1        1.0 r      1.4       -2.2        3.8        0.3  

 2009 IV        5.6        -0.6       -5.9        1.3       -0.2       -4.2        6.2        0.0  
      III       3.8        -4.7       -8.1 r      1.7        3.3 r     -2.0        1.8       -0.5  
      II        2.3 r      -5.8       -8.0        1.7 r      2.7 r     -0.6        1.6        0.3  
      I         1.3 r      -5.2       -6.4 r     -0.5       -0.3       -1.8        5.6        1.2  

 2008 ANNUAL    0.8        -1.2       -2.0        2.6 r     -1.2 r      1.8        1.1        1.5  

 2008 IV       -0.3        -4.5       -4.2        2.9        1.3        3.2       -1.4        1.3  
      III       0.6        -1.3       -1.9        2.8       -2.3        2.2        1.3        1.8  
      II        1.5         0.3       -1.2        2.4       -1.8        0.8        2.3        1.4  
      I         1.4         0.8       -0.6        2.5       -1.6        1.1        2.3        1.6  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2010 ANNUAL  103.3 r     103.1       99.9 r    102.0 r    100.3 r     98.8      104.4 r    101.1  

 2010 IV      104.0 r     104.7      100.7 r    102.9 r    100.5 r     99.0 r    106.0 r    101.9  
      III     103.6 r     103.7      100.2 r    102.5 r    100.8 r     98.9      104.6 r    101.3  
      II      102.9 r     102.7       99.8 r    101.8 r    100.5 r     99.0 r    103.5 r    100.9  
      I       102.6 r     101.5       98.9 r    100.7 r     99.4 r     98.2 r    103.6 r    100.5  

 2009 ANNUAL  100.0       100.0      100.0      100.0      100.0      100.0      100.0      100.0  

 2009 IV      102.2 r     101.0       98.8 r    101.4 r    100.3 r     99.2 r    101.2 r    100.1  
      III     101.0 r      99.8       98.8 r    100.8 r    100.5 r     99.8       99.7 r     99.8  
      II       99.4 r      99.5      100.1 r    100.1 r    100.6 r    100.7 r     98.8 r     99.9  
      I        97.5 r      99.7      102.3 r     97.7 r     98.7 r    100.3 r    100.3 r    100.3  

 2008 ANNUAL   96.9 r     104.3      107.7 r     99.0 r     98.6 r    102.2 r     96.3 r     99.7  

 2008 IV       96.7 r     101.6      105.0 r    100.2 r    100.5 r    103.6 r     95.3 r    100.1  
      III      97.3 r     104.7      107.6 r     99.2 r     97.2 r    101.9 r     97.9 r    100.2  
      II       97.1 r     105.6      108.7 r     98.4 r     97.9 r    101.3 r     97.2 r     99.6  
      I        96.2 r     105.2      109.3 r     98.2 r     99.0 r    102.1 r     95.0 r     99.1  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 6, 2014
 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
              Output                            Compen-    compen-               Unit       Implicit
  Year        per hour               Hours      sation     sation      Unit      nonlabor   price
  and         of all                 of all     per hour   per hour    labor     payments   deflator
  quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2010 ANNUAL    3.3         3.2       -0.1        2.1        0.4       -1.2        4.0        1.0  

 2010 IV        1.9 r       4.2        2.2 r      1.9 r     -1.2 r     -0.1        4.7        2.0  
      III       2.4         4.2        1.8        2.3        1.0 r     -0.1        3.7        1.5  
      II        1.2 r       4.7        3.4 r      4.7 r      5.0 r      3.5       -0.8 r      1.6  
      I         2.0 r       2.0        0.1 r     -2.5 r     -3.2 r     -4.4       10.2        1.6  

 2009 ANNUAL    3.1 r      -4.3       -7.2        1.1        1.5       -2.0        4.4        0.6  

 2009 IV        4.8 r       5.0        0.3        2.4       -0.7 r     -2.2        4.5        0.5  
      III       5.9         0.9       -4.8 r      2.8       -0.7 r     -2.9        4.1       -0.1  
      II        8.0 r      -1.0       -8.4 r     10.1 r      8.1 r      1.9       -6.5       -1.6  
      I         3.2        -7.3      -10.1 r     -9.5       -7.1      -12.3       25.2        1.4  

 2008 ANNUAL    0.8        -1.3       -2.0        2.7       -1.1        2.0        0.9        1.5  

 2008 IV       -2.7 r     -12.0       -9.6 r      4.4 r     14.6 r      7.3       -9.6        0.2  
      III       0.9        -3.3       -4.2        3.5       -2.7        2.5        3.7        3.0  
      II        4.0         2.0       -1.9        0.3       -4.7       -3.6       10.2        1.8  
      I        -3.9        -5.0       -1.2        4.0       -0.5        8.2       -7.5        1.6  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2010 ANNUAL    3.3         3.2       -0.1        2.1        0.4       -1.2        4.0        1.0  

 2010 IV        1.9         3.8        1.9 r      1.6        0.4       -0.3        4.4 r      1.7  
      III       2.6         4.0        1.4        1.7        0.5       -0.8        4.3        1.3  
      II        3.5         3.2       -0.3        1.8        0.0       -1.6        4.4        0.9  
      I         5.2 r       1.7       -3.3 r      3.1        0.8 r     -1.9        2.9        0.1  

 2009 ANNUAL    3.1 r      -4.3       -7.2        1.1        1.5       -2.0        4.4        0.6  

 2009 IV        5.5        -0.7       -5.8        1.2       -0.3       -4.0        6.2        0.0  
      III       3.5 r      -5.0       -8.3        1.7 r      3.4       -1.8        2.5 r     -0.1  
      II        2.3        -6.0       -8.1 r      1.9        2.9       -0.4        2.3        0.7  
      I         1.3        -5.3       -6.5 r     -0.5       -0.3       -1.8        6.6        1.6  

 2008 ANNUAL    0.8        -1.3       -2.0        2.7       -1.1        2.0        0.9        1.5  

 2008 IV       -0.5 r      -4.7       -4.3        3.0        1.4        3.5       -1.1        1.6  
      III       0.7        -1.4       -2.1        3.0       -2.1        2.3        1.2        1.9  
      II        1.6         0.3       -1.3        2.5       -1.7        0.9        1.9        1.3  
      I         1.3         0.8       -0.5        2.4       -1.7        1.1        1.9        1.4  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2010 ANNUAL  103.3 r     103.2       99.9      102.1 r    100.4 r     98.8      104.0 r    101.0  

 2010 IV      104.0 r     104.8      100.7 r    103.0 r    100.6 r     99.0 r    105.3 r    101.6  
      III     103.5 r     103.7      100.2 r    102.5 r    100.9 r     99.0 r    104.1 r    101.2  
      II      102.9 r     102.7       99.7 r    102.0 r    100.7 r     99.1 r    103.2      100.8  
      I       102.6 r     101.5       98.9 r    100.8 r     99.4 r     98.2 r    103.4 r    100.4  

 2009 ANNUAL  100.0       100.0      100.0      100.0      100.0      100.0      100.0      100.0  

 2009 IV      102.1 r     101.0       98.9 r    101.4 r    100.3 r     99.3 r    100.9 r    100.0  
      III     100.9 r      99.7       98.8 r    100.8 r    100.4 r     99.9 r     99.8       99.9  
      II       99.5 r      99.5      100.0 r    100.1 r    100.6 r    100.6 r     98.8 r     99.9  
      I        97.6 r      99.8      102.3 r     97.7 r     98.7 r    100.2      100.5 r    100.3  

 2008 ANNUAL   97.0 r     104.5      107.8 r     98.9 r     98.6 r    102.0 r     95.8 r     99.4  

 2008 IV       96.8 r     101.7      105.0 r    100.2 r    100.5 r    103.5 r     95.0 r     99.9  
      III      97.5 r     105.0      107.7 r     99.1 r     97.2 r    101.7 r     97.4 r     99.9  
      II       97.3 r     105.9      108.9 r     98.3 r     97.8 r    101.1 r     96.5 r     99.2  
      I        96.3 r     105.4      109.4 r     98.2 r     99.0 r    102.0 r     94.2 r     98.7  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 6, 2014
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 3.
 Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs,
 seasonally adjusted
                                                                              Real
                  Output                                       Compen-        compen-
  Year            per hour                      Hours          sation         sation          Unit
  and             of all                        of all         per hour       per hour        labor
  quarter         persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2010 ANNUAL        6.3            6.3            0.0 r          2.4            0.7           -3.7  

 2010 IV            1.6 r          1.4           -0.2 r          4.8 r          1.7 r          3.2  
      III           0.4 r          4.9            4.4 r          1.1 r         -0.3 r          0.7  
      II            7.4 r         11.5            3.8 r          6.8 r          7.0 r         -0.6  
      I             5.6 r          7.5            1.8 r         -4.4 r         -5.2 r         -9.5 r

 2009 ANNUAL        0.0 r        -12.9          -12.9 r          3.4 r          3.8            3.4  

 2009 IV            7.6 r          7.2           -0.4 r          5.5 r          2.3 r         -1.9  
      III          12.4 r          7.4           -4.4 r          1.6 r         -1.9 r         -9.6  
      II            6.3 r        -10.1          -15.4 r         10.0 r          8.0 r          3.5  
      I            -2.4 r        -22.6          -20.7 r         -5.9 r         -3.4 r         -3.6  

 2008 ANNUAL       -0.6           -4.5           -4.0            2.7           -1.1            3.3  

 2008 IV           -6.7 r        -21.0          -15.3 r         10.0 r         20.7 r         17.9  
      III          -5.4 r        -13.3           -8.3 r          5.1 r         -1.1 r         11.2  
      II           -5.8 r         -7.3           -1.6 r          1.9 r         -3.2 r          8.1  
      I            -0.1 r         -2.8           -2.7 r          1.0 r         -3.3 r          1.2  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2010 ANNUAL        6.3            6.3            0.0 r          2.4            0.7           -3.7  

 2010 IV            3.7 r          6.3            2.4 r          2.0 r          0.7 r         -1.7  
      III           5.2 r          7.7            2.4            2.1 r          0.9           -2.9  
      II            8.2            8.4            0.1 r          2.3 r          0.5 r         -5.5  
      I             8.0 r          2.7           -4.9 r          3.0            0.7           -4.5 r

 2009 ANNUAL        0.0 r        -12.9          -12.9 r          3.4 r          3.8            3.4  

 2009 IV            5.8           -5.4          -10.6            2.7 r          1.2 r         -3.0  
      III           2.1 r        -12.3          -14.2 r          3.7 r          5.4 r          1.6  
      II           -2.2 r        -16.9          -15.0 r          4.6 r          5.6 r          6.9  
      I            -5.1          -16.3          -11.8            2.6            2.8            8.1  

 2008 ANNUAL       -0.6           -4.5           -4.0            2.7           -1.1            3.3  

 2008 IV           -4.6 r        -11.4           -7.1            4.4 r          2.8            9.4  
      III          -1.6           -5.7           -4.2            3.1           -2.0            4.8  
      II            0.6           -2.1           -2.7            1.9           -2.3            1.3  
      I             3.1            1.1           -2.0            1.4 r         -2.6           -1.6  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2010 ANNUAL      106.3 r        106.3          100.0 r        102.4 r        100.7 r         96.3  

 2010 IV          107.1 r        107.9          100.7 r        103.9 r        101.4 r         96.9 r
      III         106.7 r        107.5          100.8 r        102.6 r        101.0 r         96.2 r
      II          106.6 r        106.2           99.7 r        102.4 r        101.1 r         96.0  
      I           104.7 r        103.4           98.7 r        100.7 r         99.3 r         96.2 r

 2009 ANNUAL      100.0          100.0          100.0          100.0          100.0          100.0  

 2009 IV          103.3 r        101.5           98.3 r        101.8 r        100.7 r         98.6 r
      III         101.4 r         99.8           98.4 r        100.5 r        100.1 r         99.1 r
      II           98.5 r         98.0           99.5 r        100.1 r        100.6 r        101.6  
      I            97.0 r        100.7          103.8 r         97.7 r         98.7 r        100.7 r

 2008 ANNUAL      100.0 r        114.8          114.9 r         96.7 r         96.3 r         96.7 r

 2008 IV           97.6 r        107.3          110.0 r         99.2 r         99.5 r        101.7 r
      III          99.3 r        113.8          114.6 r         96.9 r         95.0 r         97.6  
      II          100.7 r        117.9          117.1 r         95.7 r         95.2 r         95.0 r
      I           102.2 r        120.2          117.6 r         95.2 r         96.0 r         93.2 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 6, 2014
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 4.
 Durable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs
 seasonally adjusted
                                                                              Real
                  Output                                       Compen-        compen-
  Year            per hour                      Hours          sation         sation          Unit
  and             of all                        of all         per hour       per hour        labor
  quarter         persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2010 ANNUAL       10.2           10.0           -0.2            2.5            0.8           -7.0  

 2010 IV            2.9 r          3.9            1.0 r          5.5 r          2.4 r          2.5  
      III           2.2 r         10.0            7.6 r         -1.6 r         -3.0 r         -3.7  
      II           15.6 r         19.2            3.2 r         11.4 r         11.6 r         -3.6  
      I            11.4 r         13.5            1.9 r         -7.4 r         -8.1 r        -16.9  

 2009 ANNUAL       -5.8          -20.3          -15.4            4.0            4.4           10.4  

 2009 IV            9.3 r          9.2           -0.1 r          6.7 r          3.5 r         -2.4  
      III          18.2 r         11.2           -6.0 r          1.0 r         -2.5 r        -14.6  
      II            1.0 r        -19.4          -20.2 r         14.2 r         12.1 r         13.1  
      I           -12.7 r        -34.1          -24.5 r         -6.3 r         -3.9 r          7.3  

 2008 ANNUAL       -1.7           -5.8           -4.2            2.3           -1.5            4.1  

 2008 IV          -18.8 r        -31.0          -15.0 r          8.7 r         19.3 r         33.9  
      III          -6.2 r        -16.9          -11.4 r          6.5 r          0.2 r         13.5  
      II           -8.6 r         -9.9           -1.4 r          2.2 r         -2.9 r         11.8  
      I            -1.9 r         -3.1           -1.2 r         -0.5 r         -4.7 r          1.5  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2010 ANNUAL       10.2           10.0           -0.2            2.5            0.8           -7.0  

 2010 IV            7.9 r         11.5            3.4 r          1.7 r          0.5 r         -5.7  
      III           9.5           12.9            3.1            2.0            0.7 r         -6.9  
      II           13.6           13.2           -0.3            2.7            0.9 r         -9.6  
      I             9.8 r          2.7           -6.5 r          3.3 r          1.0 r         -5.9  

 2009 ANNUAL       -5.8          -20.3          -15.4            4.0            4.4           10.4  

 2009 IV            3.3 r        -10.4          -13.3 r          3.6            2.1 r          0.3  
      III          -4.1 r        -20.1          -16.7 r          4.1 r          5.8 r          8.5  
      II           -9.5 r        -25.7          -17.9 r          5.5 r          6.5 r         16.5  
      I           -11.7          -23.6          -13.5            2.6            2.8           16.2  

 2008 ANNUAL       -1.7           -5.8           -4.2            2.3           -1.5            4.1  

 2008 IV           -9.1          -15.9           -7.5            4.2            2.5 r         14.6  
      III          -2.2           -7.1           -5.1            3.2           -2.0            5.4  
      II            0.1 r         -2.4           -2.5            1.6           -2.6            1.5  
      I             4.3            2.3           -1.9            0.6           -3.5 r         -3.6  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2010 ANNUAL      110.2 r        110.0           99.8 r        102.5 r        100.8 r         93.0  

 2010 IV          112.1 r        113.3          101.1 r        104.0 r        101.5 r         92.8 r
      III         111.3 r        112.2          100.9 r        102.6 r        100.9 r         92.2 r
      II          110.7 r        109.6           99.0 r        103.0 r        101.7 r         93.1 r
      I           106.8 r        104.9           98.2 r        100.3 r         98.9 r         93.9 r

 2009 ANNUAL      100.0          100.0          100.0          100.0          100.0          100.0  

 2009 IV          103.9 r        101.6           97.8 r        102.2 r        101.1 r         98.4 r
      III         101.6 r         99.4           97.8 r        100.6 r        100.2 r         99.0 r
      II           97.5           96.8           99.3          100.3          100.8          102.9  
      I            97.2 r        102.2          105.1 r         97.1 r         98.0 r         99.8 r

 2008 ANNUAL      106.2 r        125.5          118.2 r         96.2 r         95.8 r         90.6 r

 2008 IV          100.6 r        113.4          112.7 r         98.7 r         99.0 r         98.1  
      III         106.0 r        124.4          117.4 r         96.6 r         94.7 r         91.2 r
      II          107.7 r        130.3          121.0 r         95.1 r         94.7 r         88.3 r
      I           110.1 r        133.7          121.4 r         94.6 r         95.4 r         85.9 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 6, 2014
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 5.
 Nondurable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs
 seasonally adjusted
                                                                              Real
                  Output                                       Compen-        compen-
  Year            per hour                      Hours          sation         sation          Unit
  and             of all                        of all         per hour       per hour        labor
  quarter         persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2010 ANNUAL        3.0 r          3.3            0.2            2.3            0.6           -0.7  

 2010 IV            1.8 r         -0.3           -2.1 r          3.3 r          0.3 r          1.5  
      III           1.4 r          1.0           -0.4 r          5.5 r          4.1 r          4.1  
      II            0.6 r          5.4            4.8 r         -0.9 r         -0.6 r         -1.5  
      I             2.0 r          3.6            1.6 r          1.1 r          0.4           -0.9  

 2009 ANNUAL        2.5           -6.4           -8.7            3.0            3.4            0.5  

 2009 IV            6.6            5.7           -0.8 r          3.4            0.2 r         -3.0  
      III           4.7 r          2.7           -1.9 r          3.1 r         -0.4 r         -1.5  
      II            5.4 r         -2.0           -7.1 r          4.0 r          2.0 r         -1.4  
      I             2.8 r        -11.5          -13.9 r         -4.0 r         -1.5 r         -6.6  

 2008 ANNUAL        0.0           -3.6           -3.6            3.5           -0.3            3.5  

 2008 IV            6.3          -10.5          -15.8           12.4           23.4            5.7  
      III          -8.4          -10.8           -2.6            3.3           -2.8           12.8  
      II           -3.2           -5.2           -2.1            1.2           -3.8            4.5  
      I             2.7           -2.6           -5.2            3.6           -0.8            0.9  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2010 ANNUAL        3.0 r          3.3            0.2            2.3            0.6           -0.7  

 2010 IV            1.5            2.4            0.9            2.3            1.0 r          0.8  
      III           2.6 r          3.9            1.2            2.3            1.0           -0.4  
      II            3.5 r          4.4            0.9            1.7 r         -0.1 r         -1.7  
      I             4.7            2.5           -2.1 r          2.9 r          0.5 r         -1.7  

 2009 ANNUAL        2.5           -6.4           -8.7            3.0            3.4            0.5  

 2009 IV            4.9 r         -1.5           -6.1            1.6 r          0.1 r         -3.2  
      III           4.8           -5.5           -9.8            3.7            5.4           -1.0  
      II            1.4           -8.8          -10.0            3.8            4.8            2.4  
      I            -0.8           -9.5           -8.8            3.1 r          3.2            3.9  

 2008 ANNUAL        0.0           -3.6           -3.6            3.5           -0.3            3.5  

 2008 IV           -0.8           -7.3           -6.6            5.1            3.4            5.9  
      III          -2.1           -4.8           -2.7            3.3           -1.9            5.5  
      II            1.1           -1.8           -2.9            2.6           -1.7            1.4  
      I             1.9 r         -0.3           -2.1            3.2           -0.9            1.3  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2010 ANNUAL      103.0 r        103.3          100.2 r        102.3 r        100.6 r         99.3 r

 2010 IV          103.6 r        103.7          100.1 r        103.5 r        101.1 r         99.9 r
      III         103.1 r        103.8          100.6 r        102.7 r        101.0 r         99.6 r
      II          102.8 r        103.5          100.7 r        101.3 r        100.0 r         98.6  
      I           102.6 r        102.1           99.5 r        101.5 r        100.2 r         98.9  

 2009 ANNUAL      100.0          100.0          100.0          100.0          100.0          100.0  

 2009 IV          102.1          101.2           99.1          101.3 r        100.1           99.2  
      III         100.5 r         99.9           99.4 r        100.4 r        100.0 r         99.9 r
      II           99.4 r         99.2           99.8 r         99.7 r        100.2 r        100.3 r
      I            98.1 r         99.7          101.7 r         98.7 r         99.6 r        100.6 r

 2008 ANNUAL       97.5 r        106.9          109.6 r         97.1 r         96.7 r         99.5 r

 2008 IV           97.4 r        102.8          105.6 r         99.7 r        100.0 r        102.4 r
      III          95.9 r        105.7          110.2 r         96.8 r         94.9 r        101.0 r
      II           98.0 r        108.8          110.9 r         96.0 r         95.6 r         98.0 r
      I            98.8 r        110.2          111.5 r         95.8 r         96.5 r         96.9 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 6, 2014
 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
                                                      Real               Unit
              Output                        Hourly    hourly             non-      Total   Unit   Implicit
  Year        per all-                      compen-   compen-   Unit     labor     unit    pro-   price
  and         employee           Employee   sation    sation    labor    costs     cost    fits   deflator
  quarter     hour      Output   hours       (1)       (2)      costs     (6)      (7)     (8)      (4)
 ----------------------------------------------------------------------------------------------------------
                          Percent change from previous quarter at annual rate(5)

 2010 ANNUAL    5.4       5.6      0.2       1.8       0.1      -3.4     -3.3     -3.4     29.0      0.0  

 2010 IV       -5.6 r    -3.1      2.7 r     0.4 r    -2.6 r     6.3      6.0      6.2    -10.6      3.7  
      III       2.0       4.9      2.8 r     1.1      -0.2      -0.9     -2.1     -1.3     41.4      3.7  
      II       -1.5 r     2.8      4.3 r     2.6 r     2.9 r     4.2      0.1      2.8     12.0      4.0  
      I         9.2 r    10.1      0.8 r    -2.3 r    -3.0 r   -10.5     -6.3     -9.1     36.8     -4.4  

 2009 ANNUAL    0.7 r    -7.1     -7.8       1.7       2.1       1.0      6.0      2.6     -5.1      1.8  

 2009 IV       11.8 r    11.4     -0.3 r     2.6 r    -0.6 r    -8.2     -5.9     -7.4     75.4     -0.7  
      III       8.0 r     2.8     -4.8       3.9 r     0.3 r    -3.8     -7.0     -4.9     25.0     -2.3  
      II        6.3 r    -4.0     -9.6 r    11.7 r     9.6 r     5.1      2.1      4.1    -17.5      1.7  
      I        -9.9     -20.5    -11.8     -11.0      -8.7      -1.3     17.6      4.6    -16.3      2.2  

 2008 ANNUAL    0.4      -1.3     -1.7       2.9      -0.9       2.5      6.5      3.8     -9.8      2.1  

 2008 IV       -3.4 r   -11.7     -8.6 r     7.0 r    17.4 r    10.8     13.3     11.6    -41.9      3.5  
      III       8.8       4.0     -4.4       4.5      -1.7      -3.9     -0.4     -2.8     67.2      3.5  
      II        2.0      -0.5     -2.5       1.5      -3.6      -0.5      6.6      1.7      1.9      1.7  
      I        -5.3      -5.5     -0.2       3.3 r    -1.2       9.0     10.3      9.4    -23.2      5.1  
 ----------------------------------------------------------------------------------------------------------
                        Percent change from corresponding quarter of previous year

 2010 ANNUAL    5.4       5.6      0.2       1.8       0.1      -3.4     -3.3     -3.4     29.0      0.0  

 2010 IV        0.9       3.6      2.7 r     0.4 r    -0.8 r    -0.4     -0.7     -0.5     18.0      1.7  
      III       5.2       7.2      1.9       1.0      -0.2      -4.0     -3.6     -3.9     39.6      0.6  
      II        6.7       6.7     -0.1 r     1.7      -0.1      -4.7     -4.8     -4.8     35.4     -0.9  
      I         8.8       4.9     -3.6       3.9 r     1.5 r    -4.5     -4.3     -4.5     25.4     -1.4  

 2009 ANNUAL    0.7 r    -7.1     -7.8       1.7       2.1       1.0      6.0      2.6     -5.1      1.8  

 2009 IV        3.7      -3.3     -6.8 r     1.4       0.0      -2.2      1.3     -1.0     10.9      0.2  
      III       0.0      -8.8     -8.8       2.5 r     4.2       2.5      6.1      3.7    -15.8      1.3  
      II        0.2      -8.5     -8.6 r     2.7       3.7       2.5      7.9      4.3     -9.5      2.8  
      I        -0.9 r    -7.7     -6.9       0.2 r     0.4       1.1      9.1      3.7     -4.6      2.8  

 2008 ANNUAL    0.4      -1.3     -1.7       2.9      -0.9       2.5      6.5      3.8     -9.8      2.1  

 2008 IV        0.4      -3.6     -4.0       4.0 r     2.4       3.6      7.3      4.8     -6.6      3.5  
      III       2.5       0.7     -1.8       3.2      -1.9       0.7      4.4      1.9      4.7      2.2  
      II       -0.5      -1.3     -0.8       2.4      -1.8       2.9      7.3      4.3    -18.2      1.2  
      I        -0.8 r    -0.8      0.0       2.1      -2.0 r     2.9      7.0      4.2    -17.4      1.3  
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2009=100

 2010 ANNUAL  105.4     105.6    100.2     101.8     100.1      96.6     96.7     96.6    129.0    100.0  

 2010 IV      104.4 r   105.8    101.3 r   102.1 r    99.7 r    97.8     97.5     97.7    132.7    101.4  
      III     105.9 r   106.6    100.6 r   102.0 r   100.4 r    96.3     96.0     96.2    136.5    100.4  
      II      105.4 r   105.3     99.9 r   101.7 r   100.5 r    96.5     96.6     96.5    125.1     99.5  
      I       105.8 r   104.6     98.9 r   101.1 r    99.7 r    95.5     96.5     95.9    121.6     98.6  

 2009 ANNUAL  100.0     100.0    100.0     100.0     100.0     100.0    100.0    100.0    100.0    100.0  

 2009 IV      103.5 r   102.1     98.7 r   101.7 r   100.5 r    98.2     98.1     98.2    112.5     99.7  
      III     100.7 r    99.4     98.8 r   101.0 r   100.6 r   100.4     99.6    100.1     97.7     99.9  
      II       98.7 r    98.7    100.0 r   100.1 r   100.6 r   101.4    101.4    101.4     92.4    100.4  
      I        97.2 r    99.7    102.6 r    97.3 r    98.3 r   100.1    100.9    100.4     97.0    100.0  

 2008 ANNUAL   99.3 r   107.6    108.4 r    98.3 r    97.9 r    99.0     94.3     97.5    105.4     98.3  

 2008 IV       99.8 r   105.6    105.8 r   100.2 r   100.5 r   100.4     96.9     99.2    101.4     99.5  
      III     100.7 r   109.0    108.2 r    98.5 r    96.6 r    97.9     93.9     96.6    116.1     98.6  
      II       98.6 r   107.9    109.5 r    97.5 r    97.0 r    98.9     94.0     97.2    102.1     97.7  
      I        98.1 r   108.0    110.1 r    97.1 r    97.9 r    99.0     92.5     96.8    101.6     97.3  
 ---------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                            March 6, 2014
 r=revised                                                              Source: Bureau of Labor Statistics

Last Modified Date: March 06, 2014