USDL 04-1518
TRANSMISSION OF THIS
MATERIAL IS EMBARGOED
UNTIL 8:30 A.M. EDT,
TUESDAY, AUG. 10, 2004.
Internet address: http://www.bls.gov/lpc/
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information:
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PRODUCTIVITY AND COSTS
Second Quarter 2004
The Bureau of Labor Statistics of the U.S. Department of Labor reported
preliminary productivity data--as measured by output per hour of all persons-
-for the second quarter of 2004. The preliminary seasonally adjusted annual
rates of productivity change in the second quarter were:
1.9 percent in the business sector and
2.9 percent in the nonfarm business sector.
Productivity growth in the business sector reflected increases of 3.5 percent
in output and 1.5 percent in hours. Output per hour increased more in the
nonfarm business sector because output grew more, 3.8 percent, and hours
rose less, 0.8 percent, than in the business sector.
In manufacturing, the preliminary productivity changes in the second
quarter were:
7.5 percent in manufacturing,
5.7 percent in durable goods manufacturing, and
10.7 percent in nondurable goods manufacturing.
Manufacturing productivity grew 7.5 percent in the second quarter as output
increased 6.6 percent and hours declined 0.9 percent (seasonally adjusted
annual rates). Output and hours in manufacturing, which includes about 13
percent of U.S. business-sector employment, tend to vary more from quarter to
quarter than data for the aggregate business and nonfarm business sectors.
Second-quarter measures are summarized in table A and appear in detail in
tables 1 through 5.
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Data in this release reflect the regular multi-year GDP revisions released by
the Bureau of Economic Analysis of the U.S. Department of Commerce on July
30. They also incorporate new estimates of average weekly hours at work for
nonproduction and supervisory workers, along with new information on seasonal
patterns for farm workers, nonfarm proprietors and unpaid family workers, and
employees of government enterprises. See Revised Measures.
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Table A. Productivity and costs: Preliminary second-quarter 2004 measures
(Seasonally adjusted annual rates)
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Real
Hourly hourly Unit
Produc- compen- compen- labor
Sector tivity Output Hours sation sation costs
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Percent change from preceding quarter
Business 1.9 3.5 1.5 4.2 -0.5 2.2
Nonfarm business 2.9 3.8 0.8 4.9 0.1 1.9
Manufacturing 7.5 6.6 -0.9 5.2 0.5 -2.2
Durable 5.7 6.4 0.7 4.7 -0.1 -1.0
Nondurable 10.7 6.9 -3.5 5.9 1.1 -4.4
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Percent change from same quarter a year ago
Business 4.1 5.5 1.3 4.6 1.7 0.5
Nonfarm business 4.7 5.9 1.1 4.8 1.9 0.2
Manufacturing 6.0 5.8 -0.2 5.9 3.0 0.0
Durable 7.4 8.5 1.1 5.4 2.5 -1.9
Nondurable 4.9 2.7 -2.1 6.7 3.7 1.7
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The data sources and methods used in the preparation of the
manufacturing series differ from those used in preparing the business and
nonfarm business series, and these measures are not directly comparable.
Output measures for business and nonfarm business are based on measures of
gross domestic product prepared by the Bureau of Economic Analysis of the
U.S. Department of Commerce. Quarterly output measures for manufacturing
reflect indexes of industrial production independently prepared by the Board
of Governors of the Federal Reserve System. See Technical Notes for further
information on data sources.
Business
From the first quarter to the second quarter of 2004, business sector
output per hour increased at a 1.9-percent annual rate. Output increased 3.5
percent and hours of all persons engaged in the sector increased 1.5 percent
(seasonally adjusted annual rates). As revised, labor productivity grew 3.9
percent in the first quarter of 2004, as output and hours increased 5.3
percent and 1.3 percent, respectively (table 1).
Hourly compensation increased 4.2 percent in the second quarter, less
than the 4.8 percent gain in the first quarter of 2004 (seasonally adjusted
annual rates). This measure of compensation includes wages and salaries,
supplements, employer contributions to employee benefit plans, and taxes.
Real hourly compensation, which takes into account changes in consumer
prices, declined 0.5 percent during the second quarter of 2004, after rising
1.1 percent during the first quarter.
Unit labor costs, which reflect changes in both hourly compensation and
productivity, increased 2.2 percent during the second quarter of 2004 after
rising 0.8 percent in the previous quarter. The implicit price deflator for
the business sector, which reflects changes in both unit labor costs and unit
nonlabor payments, increased 3.2 percent in the second quarter and 2.1
percent in the first quarter of 2004.
Nonfarm Business
Productivity increased 2.9 percent in the nonfarm business sector during
the second quarter of 2004, as output increased 3.8 percent and hours of all
persons rose 0.8 percent (seasonally adjusted annual rates). Output per hour
grew at a 3.7 percent annual rate in the first quarter of 2004, as output
increased 5.7 percent and hours increased 2.0 percent (table 2).
Hourly compensation in the nonfarm business sector increased 4.9 percent
in the second quarter of 2004, up from the 4.0-percent rise one quarter
earlier. When the rise in consumer prices is taken into account, real hourly
compensation rose 0.1 percent in the second quarter of 2004 and 0.3 percent
in the first quarter.
Unit labor costs increased 1.9 percent in the second quarter of 2004,
after rising 0.3 percent during the first quarter. The implicit price
deflator for nonfarm business output grew 2.8 percent in the second quarter,
following a 2.0-percent increase in the previous quarter.
Manufacturing
Productivity increased 7.5 percent in manufacturing, as output grew 6.6
percent and hours of all persons declined 0.9 percent (seasonally adjusted
annual rates). In the previous quarter, productivity rose 2.8 percent,
reflecting increases in output and hours of 6.2 and 3.3 percent,
respectively. In durable goods, productivity rose 5.7 percent in the second
quarter as output grew 6.4 percent and hours of all persons rose 0.7 percent.
In nondurable goods, second-quarter productivity increased by 10.7 percent,
output increased 6.9 percent, and hours fell 3.5 percent (tables 3, 4, and
5). The productivity gain in nondurable goods industries was the largest
since the fourth quarter of 1999, when output per hour increased 12.6
percent.
Hourly compensation of all manufacturing workers rose 5.2 percent during
the second quarter, reflecting growth of 4.7 percent in durable goods
industries and 5.9 percent in the nondurable manufacturing sector. When the
increase in consumer prices is taken into account, the real hourly
compensation of all manufacturing workers increased by 0.5 percent in the
second quarter, after rising 1.2 percent one quarter earlier.
Unit labor costs in manufacturing fell 2.2 percent in the second quarter
of 2004, reflecting declines of 1.0 percent in durable goods industries and
4.4 percent in nondurable goods industries.
Revised Measures
Current and previous measures for the first quarter of 2004 for the
business, nonfarm business, and manufacturing sectors are compared in table
B. In each of these sectors, productivity was revised downward from the
preliminary numbers reported on June 3, as both output and hours were revised
up--hours more than output. Hourly compensation and unit labor costs grew
less in all three sectors than reported on June 3, based on information then
available.
Table B also shows comparisons of current and previous measures for the
fourth quarter of 2003. In that quarter, productivity in the business and
nonfarm business sectors was revised up, reflecting upward revisions to
output and downward revisions to hours worked. Hourly compensation for the
fourth quarter of 2003 was revised up in both sectors. Because the upward
revisions to productivity were larger than those to hourly compensation, unit
labor costs in both sectors were revised down. In the manufacturing sector,
productivity in the fourth quarter was revised down, reflecting an upward
revision in hours. Hourly compensation was also revised down, but unit labor
costs show a larger increase than reported earlier as the downward revision
to hourly compensation was less than that to productivity.
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Table B. Previous and revised productivity and related measures
Quarterly percent changes at seasonally adjusted annual rates
-----------------------------------------------------------------------------
Real
Hourly hourly Unit
Produc- compen- compen- labor
Sector tivity Output Hours sation sation costs
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First quarter 2004
Business:
Previous 4.6 5.2 0.5 5.9 2.2 1.2
Current 3.9 5.3 1.3 4.8 1.1 0.8
Nonfarm business:
Previous 3.8 5.4 1.5 4.6 0.9 0.8
Current 3.7 5.7 2.0 4.0 0.3 0.3
Manufacturing:
Previous 2.9 5.8 2.8 6.2 2.5 3.1
Current 2.8 6.2 3.3 4.8 1.2 2.0
Fourth quarter 2003
Business:
Previous 1.8 3.9 2.0 3.8 3.0 1.9
Current 2.4 4.2 1.7 4.0 3.3 1.6
Nonfarm business:
Previous 2.5 4.2 1.6 4.2 3.4 1.7
Current 3.1 4.6 1.4 4.4 3.6 1.2
Manufacturing:
Previous 4.8 6.2 1.4 6.8 6.0 2.0
Current 3.3 6.2 2.9 5.7 4.9 2.3
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Output data for the business and nonfarm business sectors and the
compensation series for all sectors incorporate the revisions of the national
income and product accounts produced by the Bureau of Economic Analysis, U.S.
Department of Commerce. These revisions affected data beginning with the
first quarter of 2001. Table C presents previous and revised measures for
major sectors for the years 2001 to 2003. The largest revisions were to
hourly compensation and, therefore, to real hourly compensation and unit
labor costs for the years 2002 and 2003.
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Table C. Previous and revised productivity and related measures
Annual percent changes
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Real
Hourly hourly Unit
Produc- compen- compen- labor
Sector tivity Output Hours sation sation costs
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Annual average 2003
Business:
Previous 4.5 3.7 -0.8 3.6 1.3 -0.8
Current 4.5 3.8 -0.7 4.1 1.8 -0.4
Nonfarm business:
Previous 4.4 3.7 -0.7 3.5 1.2 -0.9
Current 4.4 3.8 -0.6 4.1 1.7 -0.4
Manufacturing:
Previous 5.1 0.1 -4.8 5.9 3.5 0.7
Current 5.1 0.1 -4.8 8.5 6.1 3.2
Annual average 2002
Business:
Previous 4.9 2.3 -2.5 2.2 0.6 -2.5
Current 4.3 1.8 -2.4 3.2 1.5 -1.1
Nonfarm business:
Previous 5.0 2.3 -2.6 2.3 0.7 -2.5
Current 4.4 1.8 -2.5 3.3 1.6 -1.1
Manufacturing:
Previous 7.2 -0.6 -7.3 4.0 2.4 -3.0
Current 7.0 -0.6 -7.1 6.7 5.0 -0.3
Annual average 2001
Business:
Previous 2.2 0.1 -2.1 4.1 1.3 1.8
Current 2.5 0.3 -2.1 4.2 1.3 1.6
Nonfarm business:
Previous 2.1 0.1 -2.0 3.9 1.1 1.7
Current 2.5 0.4 -2.0 4.0 1.1 1.5
Manufacturing:
Previous 2.2 -4.6 -6.6 2.4 -0.4 0.2
Current 2.1 -4.6 -6.5 2.3 -0.4 0.2
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Measures of hours for all of the major sectors have been revised to
incorporate new estimates of average weekly hours at work for supervisory and
nonproduction workers. Ratios of the average weekly hours at work for these
employees relative to those of nonsupervisory and production workers were
developed from data in the Current Population Survey. These ratios were
applied to average weekly hours at work for nonsupervisory and production
workers developed from data in the Current Employment Statistics and
Employment Cost Index programs.
An article discussing these new measures and the effects of this change
was published in the April 2004 issue of the Monthly Labor Review. A link to
a technical note describing the methodology will be posted later this summer
on the BLS labor productivity home page (www.bls.gov/lpc/). Copies of the
technical note also will be available by calling 202-691-5604, sending an
email to dprweb@bls.gov, or writing to the Bureau of Labor Statistics,
Division of Major Sector Productivity, Room 2150, Washington DC 20212.
New information on seasonal patterns is reflected in measures of
employment and hours of farm workers, the nonfarm self-employed, and nonfarm
unpaid family workers and in hours of employees in government enterprises,
beginning in 1999. Concurrent seasonal adjustment will now be used when
measuring employment and hours of these workers. Late in 2004 or early in
2005, BLS also intends to improve the way it uses these series in the
productivity program, adjusting them to account for the effects of multiple
jobholding. Further information on this change will be announced later this
year.
Appendix tables 1-6 present quarterly and annual data for all sectors
for 1999-2001.
Revised Measures: Nonfinancial Corporations
Productivity and cost measures for the first quarter of 2004 for
nonfinancial corporations also were revised to incorporate more recent
information than was available in the June 3 release (table D). Productivity
growth was revised down, reflecting both a downward revision to output and a
larger increase in employee hours. The 2.7 increase in hours was the largest
since the third quarter of 1999, when hours increased 3.1 percent. Hourly
compensation growth was revised down one percentage point, like productivity,
so the increase in unit labor costs was unchanged. Unit profits were revised
up significantly.
Productivity and cost measures for the fourth quarter of 2003 also were
revised to incorporate more recent information on output, hours, and employee
compensation. Fourth quarter 2003 productivity was revised up, reflecting an
upward revision to output. The revision to productivity was larger than the
upward revision in hourly compensation, resulting in a larger decline in unit
labor costs than originally reported.
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Table D. Nonfinancial corporations: Previous and revised productivity and
cost measures
Quarterly percent changes at seasonally adjusted annual rates
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Real
Hourly hourly Unit Implicit
Produc- compen- compen- labor Unit price
tivity Output Hours sation sation costs profits deflator
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First quarter 2004
Previous 2.3 4.5 2.1 5.1 1.4 2.7 -0.9 1.9
Current 1.3 4.1 2.7 4.1 0.5 2.7 15.5 2.1
Fourth quarter 2003
Previous 4.3 6.0 1.6 3.9 3.1 -0.4 11.6 1.1
Current 5.0 6.7 1.6 4.2 3.4 -0.8 16.1 0.4
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Next release date
The next release of Productivity and Costs is scheduled for 8:30 a.m.
EDT, Thursday, Sept. 2, 2004. Revised second-quarter measures for business,
nonfarm business, and manufacturing will be released at that time, along with
preliminary measures for nonfinancial corporations.
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 em-
ployment 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 years prior to 2004. 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 enter
prises 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.
Output: Business sector output is an annual-weighted index constructed after
excluding from gross domestic product (GDP) the following outputs: general
government, nonprofit institutions, and private households (including owner-
occupied housing). Corresponding exclusions also are made in labor inputs.
Business output accounted for about 78 percent of the value of GDP in 2000.
Nonfarm business, which also excludes farming, accounted for about 77 percent
of GDP in 2000.
Annual indexes for manufacturing and its durable and nondurable goods
components are constructed by deflating current-dollar industry value of
production data from the U.S. Bureau of the Census with deflators from the
BEA. 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 manufac-
turing; 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 manufac-
turing; 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 manu-
facturing; and plastics and rubber products manufacturing.
Nonfinancial corporate output is an annual-weighted index calculated on
the basis of the costs incurred and the incomes earned from production. The
output measure excludes the following outputs from GDP: general government;
nonprofit institutions; private households; unincorporated business; and
those corporations classified as offices of bank holding companies, offices
of other holding companies, or offices in the finance and insurance sector.
Nonfinancial corporations accounted for about 54 percent of the value of GDP
in 2000.
Productivity: These productivity measures describe the relationship between
real output and the labor time involved in its production. They show the
changes from period to period in the amount of goods and services produced
per hour. Although these measures relate output to hours at work of all
persons engaged in a sector, they do not measure the specific contribution of
labor, capital, or any other factor of production. Rather, they reflect the
joint effects of many influences, including changes in technology; capital
investment; level of output; utilization of capacity, energy, and materials;
the organization of production; managerial skill; and the characteristics and
effort of the work force.
Information in this release will be made available to sensory-impaired
individuals upon request. Voice phone: 202-691-5606; Federal Relay Service
number: 1-800-877-8339.
Table 1. Business sector: Productivity, hourly compensation, unit labor costs,
and prices, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
---------------------------------------------------------------------------------------------------------
Indexes 1992=100
2002 I r122.7 r142.2 r115.9 r143.2 r115.2 r116.7 r113.4 r115.5
II r123.2 r142.9 r116.0 r144.4 r115.2 r117.2 r113.6 r115.9
III 124.7 r144.3 r115.7 r145.0 r115.0 r116.3 r115.7 r116.1
IV r125.0 r144.7 r115.7 r145.5 r114.8 r116.3 r116.8 116.5
ANNUAL r123.9 r143.5 r115.8 r144.5 r115.0 r116.6 r114.9 r116.0
2003 I r126.2 r145.5 r115.3 r147.4 r115.3 r116.8 r117.7 r117.1
II 128.6 r147.5 r114.7 r149.6 r116.8 r116.4 r119.0 r117.3
III r131.2 r150.8 r114.9 r151.7 r117.7 r115.6 r120.8 r117.5
IV r132.0 r152.3 r115.4 r153.2 r118.7 r116.0 r120.7 r117.8
ANNUAL r129.5 r149.0 115.1 r150.5 r117.1 r116.2 r119.6 117.4
2004 I r133.3 r154.3 r115.8 r155.0 r119.0 r116.3 r121.9 r118.4
II 133.9 155.6 116.2 156.6 118.8 116.9 123.4 119.3
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Percent change from previous quarter at annual rate(5)
2002 I r5.9 r3.5 r-2.3 r4.9 r3.5 r-1.0 r1.0 r-0.3
II r1.7 r2.1 r0.4 r3.4 r-0.1 r1.7 r1.0 r1.4
III r4.8 r3.8 r-1.0 r1.6 r-0.7 r-3.1 r7.3 r0.7
IV r1.2 r1.2 r0.0 r1.3 r-0.6 r0.0 r3.8 r1.4
ANNUAL r4.3 r1.8 r-2.4 r3.2 r1.5 r-1.1 r4.5 r0.9
2003 I r3.9 r2.2 r-1.6 r5.5 r1.7 r1.6 r3.1 r2.1
II r7.6 r5.6 r-1.9 r6.1 r5.4 r-1.4 r4.5 r0.8
III r8.5 r9.3 r0.7 r5.6 r3.1 r-2.6 r6.3 r0.7
IV r2.4 r4.2 r1.7 r4.0 r3.3 r1.6 r-0.4 r0.8
ANNUAL 4.5 r3.8 r-0.7 r4.1 r1.8 r-0.4 r4.1 r1.3
2004 I r3.9 r5.3 r1.3 r4.8 r1.1 r0.8 r4.2 r2.1
II 1.9 3.5 1.5 4.2 -0.5 2.2 4.8 3.2
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Percent change from corresponding quarter of previous year
2002 I r4.9 r0.8 -3.9 r3.2 r1.9 r-1.6 r6.6 r1.2
II r4.0 r1.1 r-2.8 r3.4 r2.1 r-0.6 r3.5 r0.9
III r4.9 r2.8 r-2.0 r3.3 r1.6 r-1.6 r4.9 r0.8
IV r3.4 r2.7 r-0.7 r2.8 r0.5 r-0.6 r3.2 0.8
ANNUAL r4.3 r1.8 r-2.4 r3.2 r1.5 r-1.1 r4.5 r0.9
2003 I r2.9 2.3 -0.6 r2.9 r0.1 r0.0 r3.8 1.4
II 4.4 r3.2 r-1.1 r3.6 r1.4 r-0.7 r4.7 r1.3
III 5.3 r4.5 r-0.7 r4.6 r2.4 r-0.6 r4.4 r1.3
IV r5.6 r5.3 r-0.3 r5.3 r3.3 r-0.3 r3.4 r1.1
ANNUAL 4.5 r3.8 r-0.7 r4.1 r1.8 r-0.4 r4.1 r1.3
2004 I 5.6 r6.1 r0.5 r5.1 r3.2 r-0.4 r3.6 r1.1
II 4.1 5.5 1.3 4.6 1.7 0.5 3.7 1.7
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See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs,
and prices, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
---------------------------------------------------------------------------------------------------------
Indexes 1992=100
2002 I r122.4 r142.6 r116.5 r142.6 r114.7 r116.4 r115.1 r116.0
II 122.8 r143.2 r116.7 r143.8 r114.7 r117.1 r115.4 r116.5
III r124.1 r144.5 r116.4 r144.3 r114.4 r116.2 r117.7 r116.8
IV r124.6 r145.0 116.4 r144.7 r114.3 r116.1 r118.9 r117.2
ANNUAL r123.5 r143.9 r116.5 r143.8 r114.5 r116.5 r116.8 r116.6
2003 I r125.8 r145.9 r116.0 r146.6 r114.7 r116.6 r119.6 r117.7
II r127.8 r147.8 r115.6 r148.7 r116.1 r116.3 r120.4 r117.8
III r130.6 r151.1 115.7 r150.9 r117.1 r115.5 r122.3 r118.0
IV r131.7 r152.8 r116.1 r152.5 r118.2 r115.9 r121.9 r118.1
ANNUAL r129.0 r149.4 r115.8 r149.7 r116.5 r116.1 r121.1 117.9
2004 I 132.8 r155.0 r116.7 r154.0 r118.3 r116.0 r123.3 r118.7
II 133.8 156.4 116.9 155.9 118.3 116.5 124.7 119.5
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2002 I r6.9 r4.0 r-2.7 r5.5 r4.1 r-1.4 r1.6 r-0.3
II r1.1 r1.7 r0.6 r3.4 r-0.1 r2.3 r1.0 r1.8
III 4.5 r3.6 r-0.9 r1.5 r-0.8 r-2.9 r8.0 1.0
IV r1.6 r1.4 r-0.2 r1.2 r-0.6 r-0.3 r4.2 r1.3
ANNUAL r4.4 r1.8 r-2.5 r3.3 r1.6 r-1.1 r4.7 r1.0
2003 I r3.7 2.4 r-1.3 r5.4 r1.5 r1.6 r2.4 r1.9
II r6.7 r5.3 r-1.4 r5.7 r5.0 r-1.0 r2.9 r0.5
III r9.0 r9.3 r0.3 r6.1 r3.6 r-2.7 r6.3 r0.6
IV r3.1 r4.6 r1.4 r4.4 r3.6 r1.2 r-1.2 r0.3
ANNUAL 4.4 r3.8 r-0.6 r4.1 r1.7 r-0.4 r3.7 r1.1
2004 I r3.7 r5.7 r2.0 r4.0 r0.3 r0.3 r4.8 r2.0
II 2.9 3.8 0.8 4.9 0.1 1.9 4.4 2.8
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2002 I r5.1 r0.9 -4.0 r3.2 r2.0 r-1.8 r6.7 r1.2
II r4.0 r1.0 r-2.9 r3.5 r2.2 r-0.5 r3.4 r0.9
III r4.8 r2.6 -2.1 r3.4 r1.7 r-1.3 r5.2 r1.0
IV r3.5 r2.7 r-0.8 r2.9 r0.6 r-0.6 r3.7 1.0
ANNUAL r4.4 r1.8 r-2.5 r3.3 r1.6 r-1.1 r4.7 r1.0
2003 I 2.7 r2.3 -0.5 r2.9 r0.0 r0.1 r3.9 1.5
II 4.1 r3.2 r-0.9 r3.4 r1.2 r-0.7 r4.4 1.2
III r5.2 r4.6 r-0.6 r4.6 r2.4 r-0.6 r3.9 r1.1
IV r5.6 r5.4 -0.2 r5.4 r3.4 r-0.2 r2.5 r0.8
ANNUAL 4.4 r3.8 r-0.6 r4.1 r1.7 r-0.4 r3.7 r1.1
2004 I r5.6 r6.2 r0.6 r5.0 r3.1 r-0.5 r3.1 r0.8
II 4.7 5.9 1.1 4.8 1.9 0.2 3.5 1.4
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
2002 I r143.8 130.5 r90.7 r144.1 r115.9 r100.2
II r145.7 131.8 r90.4 r147.0 r117.2 r100.8
III r147.8 132.4 r89.5 r148.6 r117.8 r100.5
IV r148.8 131.3 r88.2 r149.9 r118.3 r100.7
ANNUAL r146.5 131.5 r89.7 r147.3 r117.3 r100.6
2003 I r151.0 131.3 r87.0 r155.7 r121.8 r103.1
II r152.1 130.1 r85.6 r158.5 r123.8 r104.2
III r155.9 131.5 r84.3 r161.6 r125.4 r103.6
IV r157.2 133.5 r84.9 r163.9 r127.0 r104.2
ANNUAL r154.0 131.6 r85.5 r159.9 r124.5 r103.8
2004 I r158.3 r135.5 r85.6 r165.8 r127.3 r104.8
II 161.2 137.7 85.4 167.9 127.5 104.2
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2002 I r10.0 2.5 r-6.9 r14.2 r12.7 r3.8
II r5.4 4.0 r-1.3 r8.2 r4.5 r2.6
III r5.9 1.7 r-4.0 r4.5 r2.2 r-1.3
IV r2.7 -3.1 r-5.7 r3.5 r1.5 r0.7
ANNUAL r7.0 -0.6 r-7.1 r6.7 r5.0 r-0.3
2003 I r6.0 0.1 r-5.6 r16.6 r12.4 r10.0
II r2.8 -3.6 r-6.2 r7.3 r6.6 r4.4
III r10.5 4.3 r-5.7 r8.1 r5.5 r-2.2
IV r3.3 6.2 r2.9 r5.7 r4.9 r2.3
ANNUAL 5.1 0.1 -4.8 r8.5 r6.1 r3.2
2004 I r2.8 r6.2 r3.3 r4.8 r1.2 r2.0
II 7.5 6.6 -0.9 5.2 0.5 -2.2
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2002 I r6.6 -3.4 r-9.4 r4.1 r2.8 r-2.4
II r7.3 -1.1 r-7.9 r7.0 r5.6 r-0.3
III r8.0 0.9 -6.6 r8.2 r6.5 r0.2
IV r6.0 1.2 r-4.5 r7.5 r5.1 r1.4
ANNUAL r7.0 -0.6 r-7.1 r6.7 r5.0 r-0.3
2003 I r5.0 0.6 r-4.2 r8.1 r5.1 r2.9
II r4.4 -1.3 -5.4 r7.9 r5.6 r3.3
III r5.5 -0.6 r-5.8 r8.8 r6.4 r3.1
IV r5.6 1.7 r-3.7 r9.4 r7.3 r3.5
ANNUAL 5.1 0.1 -4.8 r8.5 r6.1 r3.2
2004 I r4.8 r3.2 r-1.5 r6.5 r4.5 r1.6
II 6.0 5.8 -0.2 5.9 3.0 0.0
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
2002 I r161.3 152.6 r94.6 r142.1 r114.4 r88.1
II r163.9 154.7 r94.4 r145.2 r115.8 r88.6
III r167.1 155.9 r93.3 r146.5 r116.2 r87.7
IV r170.5 156.1 r91.6 r147.7 r116.6 r86.6
ANNUAL r165.6 154.8 r93.5 r145.3 r115.7 r87.7
2003 I r173.7 156.6 r90.2 r154.9 r121.2 r89.2
II r175.0 155.1 r88.6 r157.9 r123.3 r90.2
III r181.5 158.3 87.2 r161.2 r125.1 r88.8
IV r183.2 161.9 r88.3 r163.3 r126.5 r89.1
ANNUAL r178.3 158.0 r88.6 r159.3 r124.0 r89.3
2004 I r185.3 r165.7 r89.4 r164.5 r126.3 r88.8
II 187.9 168.3 89.6 166.4 126.3 88.6
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2002 I r11.4 2.8 r-7.7 r8.2 r6.8 r-2.9
II r6.4 5.5 r-0.8 r8.8 r5.1 r2.2
III r8.1 3.3 r-4.5 r3.7 r1.3 -4.1
IV r8.4 0.4 r-7.3 r3.3 r1.4 r-4.7
ANNUAL r8.3 -0.7 r-8.3 r5.5 r3.9 r-2.5
2003 I r7.7 1.4 r-5.9 r21.1 r16.7 r12.5
II r3.0 -3.9 r-6.7 r7.9 r7.2 r4.7
III r15.8 8.4 r-6.3 r8.6 r6.1 r-6.1
IV r3.9 9.4 r5.2 r5.3 r4.5 r1.3
ANNUAL r7.6 2.0 r-5.2 r9.6 r7.1 r1.8
2004 I r4.6 r9.9 r5.0 r3.1 r-0.5 r-1.5
II 5.7 6.4 0.7 4.7 -0.1 -1.0
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2002 I 6.9 -4.9 r-11.1 r3.1 r1.9 r-3.6
II r8.2 -1.8 r-9.2 r6.0 r4.7 r-2.0
III r9.3 1.2 r-7.3 r7.0 r5.3 r-2.0
IV r8.6 3.0 r-5.1 r5.9 r3.6 r-2.4
ANNUAL r8.3 -0.7 r-8.3 r5.5 r3.9 r-2.5
2003 I r7.6 2.6 r-4.7 r9.0 r5.9 r1.2
II 6.8 0.3 -6.1 r8.8 r6.5 r1.9
III r8.6 1.5 r-6.6 r10.1 r7.7 r1.3
IV r7.5 3.7 r-3.5 r10.6 r8.5 r2.9
ANNUAL r7.6 2.0 r-5.2 r9.6 r7.1 r1.8
2004 I r6.7 r5.8 r-0.9 r6.2 r4.3 r-0.5
II 7.4 8.5 1.1 5.4 2.5 -1.9
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
2002 I r126.2 107.2 r85.0 r146.3 r117.7 r116.0
II r127.5 107.8 r84.5 r148.8 r118.7 r116.7
III r128.5 107.7 r83.9 r151.1 r119.8 r117.6
IV r127.0 105.7 r83.2 r152.6 r120.5 r120.2
ANNUAL r127.3 107.1 r84.1 r149.7 r119.2 r117.6
2003 I r128.2 105.3 r82.1 r155.8 r121.9 r121.6
II r129.0 104.4 r81.0 r158.3 r123.6 r122.7
III r130.4 104.3 r80.0 r161.1 r125.0 r123.5
IV r131.5 105.0 r79.8 r163.4 r126.6 r124.2
ANNUAL r129.7 104.8 r80.7 r159.6 r124.2 r123.0
2004 I r131.9 r105.5 r80.0 r166.4 r127.8 r126.2
II 135.3 107.2 79.2 168.8 128.1 124.8
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2002 I r7.9 2.0 r-5.5 r27.1 r25.4 r17.7
II r4.3 2.2 r-2.0 r6.9 r3.3 r2.5
III r3.0 -0.2 r-3.1 r6.3 r3.9 r3.2
IV r-4.5 -7.3 r-2.9 r4.1 r2.2 r9.0
ANNUAL r4.8 -0.6 r-5.2 r9.3 r7.6 r4.3
2003 I r3.9 -1.5 r-5.2 r8.7 r4.8 r4.6
II r2.4 -3.2 r-5.5 r6.4 r5.7 r3.9
III r4.4 -0.4 r-4.6 r7.2 r4.7 r2.7
IV r3.6 2.6 r-0.9 r5.8 r5.0 r2.2
ANNUAL 1.9 -2.2 -4.0 r6.6 r4.2 r4.6
2004 I r1.2 r1.8 r0.6 r7.8 r4.0 r6.5
II 10.7 6.9 -3.5 5.9 1.1 -4.4
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2002 I r5.2 -1.7 r-6.5 r6.4 r5.1 r1.2
II r5.4 -0.4 r-5.5 r9.3 r7.9 r3.7
III r6.1 0.5 r-5.3 r10.8 r9.0 r4.5
IV r2.6 -0.9 r-3.4 r10.7 r8.3 r8.0
ANNUAL r4.8 -0.6 r-5.2 r9.3 r7.6 r4.3
2003 I r1.6 -1.8 r-3.3 r6.5 r3.5 r4.8
II r1.1 -3.1 r-4.2 r6.4 r4.1 r5.2
III r1.5 -3.1 r-4.6 r6.6 r4.3 r5.0
IV r3.6 -0.7 r-4.1 r7.0 r5.1 r3.3
ANNUAL 1.9 -2.2 -4.0 r6.6 r4.2 r4.6
2004 I r2.9 r0.2 -2.6 r6.8 r4.9 r3.8
II 4.9 2.7 -2.1 6.7 3.7 1.7
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Table 6. Nonfinancial corporations: Productivity, hourly compensation, unit labor costs, unit profits,
and prices, seasonally adjusted
Output Hourly Real Unit Total Unit Implicit
Year per all- compen- hourly Unit non- unit pro- price
and employee Employee sation compen- labor labor costs fits deflator
quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4)
----------------------------------------------------------------------------------------------------------
Indexes 1992=100
2002 I r126.3 r149.7 r118.5 r139.9 r112.6 r110.8 r114.0 r111.6 r89.1 r109.6
II r127.9 r151.4 r118.4 r141.3 r112.7 r110.5 r112.9 r111.2 r94.7 r109.7
III r129.2 r152.3 r117.9 r142.1 r112.7 r110.0 r112.7 r110.7 r95.7 109.4
IV r130.2 r153.1 117.6 r142.9 r112.8 r109.7 r112.3 r110.4 r101.8 109.6
ANNUAL r128.4 r151.6 r118.1 r141.5 r112.7 r110.2 r113.0 r111.0 r95.4 109.6
2003 I r131.3 r153.4 r116.8 r144.1 r112.7 r109.8 r113.2 r110.7 r99.2 r109.7
II r134.1 r156.1 r116.4 r146.3 r114.2 r109.1 r111.4 r109.7 r111.0 r109.8
III r137.2 r159.4 r116.2 r148.5 r115.3 r108.2 r111.1 r109.0 r118.7 109.9
IV r138.9 r162.0 116.7 r150.0 r116.2 r108.0 r110.5 r108.7 r123.2 r110.0
ANNUAL r135.4 r157.7 r116.5 r147.3 r114.6 r108.8 r111.5 r109.5 r113.2 109.8
2004 I r139.3 r163.7 r117.5 r151.5 r116.4 r108.8 r109.2 r108.9 r127.7 r110.6
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2002 I r7.9 r5.7 r-2.0 r1.7 r0.4 r-5.8 r-7.3 r-6.2 r90.8 r-1.6
II r4.9 r4.8 r-0.1 r4.0 r0.4 r-0.9 r-3.7 r-1.7 r27.4 r0.2
III r4.1 r2.3 r-1.7 r2.3 r0.0 r-1.7 r-0.9 r-1.5 r4.5 r-1.0
IV r3.4 r2.1 r-1.2 r2.2 r0.3 r-1.1 r-1.4 r-1.2 r28.1 r0.9
ANNUAL r4.4 r1.5 r-2.8 r3.1 r1.4 r-1.3 r-0.2 r-1.0 r15.4 0.1
2003 I r3.2 r0.6 r-2.5 r3.6 r-0.2 r0.4 r3.0 r1.1 r-10.0 r0.1
II r9.1 r7.4 r-1.5 r6.2 r5.5 r-2.6 r-6.2 r-3.6 r56.4 r0.5
III r9.4 r8.8 r-0.6 r6.2 r3.6 r-3.0 r-1.0 r-2.5 r30.8 r0.2
IV r5.0 r6.7 1.6 r4.2 r3.4 r-0.8 r-2.1 r-1.2 r16.1 r0.4
ANNUAL r5.4 r4.0 r-1.3 r4.0 r1.7 r-1.3 r-1.3 r-1.3 r18.7 0.2
2004 I r1.3 r4.1 r2.7 r4.1 r0.5 2.7 r-4.6 r0.7 r15.5 r2.1
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2002 I r3.4 r-1.1 -4.3 r3.2 r2.0 r-0.2 r4.0 r0.9 r1.5 r1.0
II r4.2 r0.8 r-3.2 r3.4 r2.1 r-0.8 r0.6 r-0.4 r8.4 r0.2
III r5.0 r2.5 r-2.4 r3.1 r1.4 r-1.8 r-1.7 r-1.8 r20.6 r-0.4
IV 5.1 r3.7 r-1.3 r2.5 r0.3 r-2.4 r-3.3 r-2.7 r34.3 r-0.4
ANNUAL r4.4 r1.5 r-2.8 r3.1 r1.4 r-1.3 r-0.2 r-1.0 r15.4 0.1
2003 I r3.9 r2.5 r-1.4 r3.0 r0.1 r-0.9 r-0.8 -0.8 r11.3 r0.1
II r4.9 r3.1 r-1.7 r3.6 r1.4 -1.3 r-1.4 r-1.3 r17.2 r0.1
III r6.2 r4.7 r-1.5 r4.5 2.3 r-1.6 r-1.4 r-1.6 r23.9 0.4
IV r6.6 r5.8 r-0.8 r5.0 r3.1 r-1.5 r-1.6 r-1.6 r20.9 r0.3
ANNUAL r5.4 r4.0 r-1.3 r4.0 r1.7 r-1.3 r-1.3 r-1.3 r18.7 0.2
2004 I r6.2 6.7 r0.5 r5.1 r3.2 r-1.0 r-3.5 r-1.7 r28.7 r0.8
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
SOURCES: Output data are from the Bureau of Economic Analysis and the Census
Bureau of the U.S. Department of Commerce; the Bureau of Labor Statistics,
U.S. Department of Labor; and the Federal Reserve Board. Compensation and
hours data are from the Bureau of Labor Statistics and the Bureau of Economic
Analysis.
RELIABILITY: Productivity and cost measures are regularly revised as more
complete information becomes available. The measures are first published
within 40 days of the close of the reference period; revisions appear 30 days
later, and second revisions after an additional 60 days. In the business
sector, the third publication (second revision) of a quarterly index of
output per hour of all persons has differed from the initial value by between
-1.4 and +1.4 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 first quarter of 2004.
Footnotes, Tables 1-6
(1) Wages and salaries of employees plus employers' contributions for social
insurance and private benefit plans. Except for nonfinancial
corporations, where there are no self-employed, data also include an
estimate of wages, salaries, and supplemental payments for the self-
employed.
(2) The change for recent quarters is based on the Consumer Price Index for
all urban consumers (CPI-U). The trend from 1978-2003 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 from the
original data rather than index numbers. Annual changes: Percent
change between annual average levels.
(6) Unit nonlabor costs include consumption of fixed capital, taxes on
production and imports less subsidies, net interest and miscellaneous
payments, and business current transfer payments.
(7) Total unit costs are the sum of unit labor and nonlabor costs.
(8) Unit profits include corporate profits before tax with inventory
valuation and capital consumption adjustments.
Appendix table 1. Business sector: Revised productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
---------------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I 111.5 132.7 r118.9 r124.2 r107.9 111.3 108.5 110.3
II r111.8 133.9 r119.8 r124.6 r107.4 111.4 r108.9 110.5
III r112.6 135.7 r120.5 r125.7 r107.6 111.6 r109.5 110.8
IV r114.4 138.5 r121.1 r128.0 r108.8 r112.0 r109.8 111.1
ANNUAL r112.6 135.2 r120.1 r125.6 r107.9 111.6 109.2 110.7
2000 I r114.0 138.6 r121.6 r132.4 r111.5 r116.2 r105.2 112.1
II r116.2 141.1 r121.5 r133.0 r111.0 114.4 r109.4 112.6
III r115.9 140.8 r121.5 r135.6 r112.2 r117.0 r106.2 112.9
IV r117.1 141.5 r120.8 r136.5 r112.2 r116.6 107.9 113.3
ANNUAL r115.9 140.5 r121.3 r134.5 r111.8 r116.1 107.2 112.7
2001 I r117.0 r141.1 r120.7 r138.8 r113.0 r118.7 r106.4 114.1
II r118.4 r141.4 r119.4 r139.7 r112.8 r117.9 r109.9 r114.9
III r118.8 r140.3 r118.1 r140.4 r113.2 r118.2 r110.2 115.2
IV r120.9 r141.0 r116.6 141.5 114.2 r117.0 r113.1 r115.6
ANNUAL r118.8 r141.0 r118.7 r140.1 r113.3 r118.0 r109.9 114.9
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r3.7 3.7 r0.0 r8.3 r6.6 4.4 r-4.0 1.2
II r0.8 3.8 r3.0 r1.2 r-1.6 r0.4 r1.4 0.8
III r2.9 5.4 r2.4 r3.6 0.6 0.7 2.3 1.3
IV r6.5 8.4 r1.8 r7.7 r4.5 1.1 r1.0 1.1
ANNUAL 2.9 5.1 r2.2 4.8 r2.6 1.8 -0.6 0.9
2000 I r-1.4 0.3 1.7 14.5 r10.3 16.0 r-15.7 3.4
II r8.0 7.5 r-0.5 r1.6 r-1.6 -5.9 r17.1 1.8
III r-0.9 -0.8 r0.1 r8.1 r4.2 r9.1 r-11.2 1.3
IV r4.2 2.0 r-2.1 r2.9 r0.0 r-1.2 6.3 1.4
ANNUAL 2.9 3.9 1.0 r7.1 3.6 4.0 -1.8 1.8
2001 I r-0.5 r-1.1 r-0.6 r6.8 r3.1 r7.4 r-5.4 2.7
II r5.1 r0.8 r-4.1 r2.5 r-0.8 r-2.5 r13.8 r3.0
III r1.3 r-3.1 r-4.3 r2.2 r1.2 r0.8 r1.3 r1.0
IV r7.2 r1.8 -5.0 r3.1 r3.7 r-3.8 r10.9 r1.3
ANNUAL r2.5 r0.3 -2.1 r4.2 1.3 r1.6 r2.5 r2.0
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r2.8 4.9 r2.0 r5.6 r4.0 2.7 -2.6 0.7
II 2.9 5.1 2.2 r4.6 2.5 1.6 -0.4 0.9
III r2.5 5.2 r2.6 r3.9 r1.5 1.4 r0.4 1.0
IV r3.5 5.3 r1.8 r5.2 r2.5 r1.7 0.2 1.1
ANNUAL 2.9 5.1 r2.2 4.8 r2.6 1.8 -0.6 0.9
2000 I r2.2 4.5 r2.2 r6.6 r3.3 r4.4 -3.0 1.6
II 3.9 5.4 1.4 6.7 r3.4 2.7 0.5 1.9
III 3.0 3.8 0.8 7.9 4.3 4.8 -3.0 1.9
IV 2.4 2.2 -0.2 6.7 r3.1 r4.1 r-1.7 2.0
ANNUAL 2.9 3.9 1.0 r7.1 3.6 4.0 -1.8 1.8
2001 I r2.6 r1.8 -0.8 r4.8 r1.4 r2.2 r1.1 1.8
II r1.9 r0.2 -1.7 r5.0 r1.6 r3.0 r0.4 2.1
III r2.5 r-0.4 r-2.8 r3.6 r0.9 r1.0 r3.7 2.0
IV r3.2 r-0.4 -3.5 r3.6 r1.8 r0.4 r4.8 r2.0
ANNUAL r2.5 r0.3 -2.1 r4.2 1.3 r1.6 r2.5 r2.0
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 2. Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs, and
prices, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
---------------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r111.3 133.0 119.6 r123.6 r107.4 111.1 r109.5 110.5
II r111.5 134.3 r120.4 r124.0 r107.0 111.2 r110.5 111.0
III r112.3 136.1 r121.2 r125.1 r107.1 111.4 111.3 111.3
IV r114.2 138.9 r121.6 r127.7 r108.5 r111.8 r111.6 111.7
ANNUAL r112.3 135.6 r120.7 r125.1 r107.5 r111.4 r110.7 111.1
2000 I r113.7 138.8 r122.1 r132.1 r111.2 r116.2 r106.6 112.6
II r115.8 141.4 r122.1 r132.4 r110.6 r114.4 r111.0 113.1
III 115.5 141.1 r122.1 r135.1 r111.8 116.9 107.8 113.5
IV r116.6 141.8 r121.6 r135.9 r111.6 116.5 r109.4 113.9
ANNUAL r115.5 140.8 r121.9 r134.0 r111.4 116.0 r108.7 113.3
2001 I r116.5 r141.4 r121.4 r138.1 r112.5 r118.6 r107.9 114.6
II r118.1 r141.9 r120.2 r138.9 r112.2 r117.6 r111.6 r115.4
III r118.5 r140.8 r118.9 r139.6 r112.5 r117.8 r111.9 115.6
IV r120.4 r141.2 r117.3 140.7 r113.5 r116.8 r114.7 116.0
ANNUAL r118.3 r141.3 r119.4 r139.3 r112.7 r117.7 r111.5 115.4
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r3.1 3.7 r0.6 r7.5 r5.9 r4.3 -3.6 1.3
II r0.9 3.7 r2.8 r1.4 r-1.5 r0.5 r3.5 1.6
III r2.9 5.6 r2.6 r3.5 r0.4 0.6 2.8 1.4
IV r6.9 8.4 r1.4 r8.4 r5.3 r1.4 r1.3 1.4
ANNUAL 2.8 5.2 2.3 r4.6 2.5 1.8 -0.1 1.1
2000 I -1.7 -0.1 1.6 14.7 10.5 16.7 r-16.8 3.3
II r7.4 7.5 r0.1 r1.0 r-2.2 -6.0 r17.4 1.8
III r-0.8 -0.8 r0.0 r8.2 r4.3 r9.1 r-11.0 1.4
IV r3.7 2.2 r-1.5 r2.4 r-0.5 -1.3 6.3 1.3
ANNUAL 2.8 3.8 1.0 r7.1 3.6 4.2 r-1.8 1.9
2001 I r-0.4 r-1.1 -0.7 r6.8 r3.0 r7.2 r-5.4 r2.6
II r5.5 r1.2 r-4.1 r2.2 r-1.0 r-3.1 r14.4 r2.7
III r1.4 r-2.9 r-4.3 r2.1 r1.1 r0.6 r0.9 r0.7
IV r6.6 r1.2 -5.1 r3.2 r3.7 r-3.3 r10.5 r1.5
ANNUAL r2.5 r0.4 -2.0 r4.0 1.1 r1.5 r2.6 1.9
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r2.7 4.9 r2.2 5.5 r3.8 2.7 -2.5 0.7
II 2.6 5.1 r2.4 4.3 2.3 1.7 0.1 1.1
III r2.3 5.2 r2.8 r3.6 r1.3 1.3 0.9 1.2
IV r3.4 5.4 r1.8 r5.2 r2.5 r1.7 1.0 1.4
ANNUAL 2.8 5.2 2.3 r4.6 2.5 1.8 -0.1 1.1
2000 I r2.2 4.4 r2.1 r6.9 r3.6 r4.6 -2.7 1.9
II 3.8 5.3 r1.4 r6.8 r3.4 2.8 r0.4 2.0
III 2.9 3.6 r0.8 8.0 4.4 5.0 r-3.1 2.0
IV 2.1 2.1 0.0 r6.4 r2.9 4.3 -2.0 2.0
ANNUAL 2.8 3.8 1.0 r7.1 3.6 4.2 r-1.8 1.9
2001 I r2.4 r1.9 r-0.5 r4.5 r1.1 r2.1 r1.2 1.8
II r2.0 r0.4 -1.6 r4.9 r1.4 r2.8 r0.6 r2.0
III r2.6 r-0.2 r-2.7 r3.3 r0.6 r0.8 r3.8 1.8
IV r3.3 r-0.4 r-3.6 r3.5 r1.7 r0.3 r4.8 r1.9
ANNUAL r2.5 r0.4 -2.0 r4.0 1.1 r1.5 r2.6 1.9
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 3. Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r126.6 132.9 r105.0 r121.6 r105.6 96.0
II 127.4 133.9 105.1 122.3 105.5 96.0
III r127.6 134.7 r105.6 r123.7 r105.9 r97.0
IV r130.7 136.8 r104.6 r127.0 r107.9 97.2
ANNUAL r128.1 134.6 r105.1 r123.7 r106.2 96.6
2000 I 132.4 137.9 r104.1 133.4 112.3 r100.7
II r134.0 139.7 r104.2 132.6 r110.8 99.0
III r134.0 139.1 r103.8 r136.0 r112.6 r101.6
IV r135.2 137.8 r101.9 r137.1 r112.6 r101.4
ANNUAL r134.1 138.6 r103.4 135.0 r112.2 r100.7
2001 I r134.9 135.2 r100.2 r138.5 r112.7 r102.6
II r135.8 133.3 r98.2 137.4 111.0 r101.2
III r136.9 131.1 r95.8 r137.3 r110.6 r100.3
IV r140.4 129.7 r92.4 r139.4 r112.5 r99.3
ANNUAL r136.9 132.3 r96.6 r138.1 r111.7 r100.9
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r4.3 1.8 r-2.4 r3.3 r1.7 -0.9
II r2.4 2.9 r0.5 r2.5 r-0.4 r0.1
III r0.7 2.4 r1.7 r4.6 r1.5 r3.9
IV r10.3 6.3 r-3.6 r11.1 r7.9 r0.8
ANNUAL r3.6 2.9 r-0.6 r3.9 r1.8 0.3
2000 I r5.4 3.5 r-1.8 r21.7 r17.3 r15.5
II r4.9 5.2 r0.4 r-2.4 r-5.5 -6.9
III r-0.2 -1.7 r-1.5 r10.7 r6.7 r10.9
IV r3.9 -3.6 r-7.2 r3.1 r0.2 r-0.8
ANNUAL 4.7 3.0 -1.6 9.1 5.6 4.2
2001 I r-1.0 -7.5 r-6.6 r4.1 r0.4 r5.1
II r2.7 -5.4 r-7.8 r-3.1 r-6.1 r-5.6
III r3.1 -6.3 r-9.2 r-0.3 r-1.2 r-3.3
IV r10.9 -4.3 r-13.7 r6.3 r7.0 r-4.1
ANNUAL r2.1 -4.6 r-6.5 r2.3 -0.4 0.2
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r4.0 2.5 r-1.4 r4.3 r2.7 r0.2
II 3.8 2.8 -0.9 r3.2 1.2 -0.5
III r2.2 3.0 r0.8 r2.9 r0.5 0.7
IV r4.3 3.3 r-1.0 r5.3 r2.6 1.0
ANNUAL r3.6 2.9 r-0.6 r3.9 r1.8 0.3
2000 I r4.6 3.8 r-0.8 r9.7 r6.4 4.9
II r5.2 4.4 r-0.8 8.4 r5.0 r3.0
III r5.0 3.3 r-1.6 r10.0 r6.3 4.7
IV 3.5 0.8 -2.6 7.9 r4.4 4.3
ANNUAL 4.7 3.0 -1.6 9.1 5.6 4.2
2001 I r1.9 -2.0 r-3.8 r3.8 r0.4 1.9
II r1.3 -4.6 r-5.8 3.6 r0.2 r2.2
III r2.2 -5.7 -7.7 r0.9 r-1.7 r-1.2
IV 3.8 -5.9 -9.4 r1.7 r-0.1 r-2.1
ANNUAL r2.1 -4.6 r-6.5 r2.3 -0.4 0.2
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 4. Durable manufacturing sector: Revised productivity, hourly compensation, and
unit labor costs, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r141.3 155.4 r110.0 r121.2 r105.3 85.8
II r142.9 157.3 r110.0 r122.2 r105.4 85.5
III r143.0 159.6 r111.6 123.6 105.8 r86.4
IV 146.0 161.6 110.7 r127.4 108.2 87.2
ANNUAL r143.3 158.5 r110.6 r123.6 r106.2 86.2
2000 I r149.2 164.5 r110.3 r134.6 r113.3 90.2
II r150.8 167.1 r110.8 r133.0 r111.1 88.2
III r151.1 166.7 r110.3 r136.9 r113.3 90.6
IV r151.7 164.6 r108.5 r136.9 r112.5 90.3
ANNUAL r150.9 165.7 109.9 r135.5 r112.6 89.8
2001 I 150.9 160.5 106.4 r137.8 r112.2 91.4
II r151.4 157.5 r104.0 r136.9 r110.6 r90.4
III r152.9 154.0 100.7 r136.8 r110.3 r89.5
IV r157.0 151.6 r96.5 139.4 112.5 r88.8
ANNUAL 153.0 155.9 101.9 137.7 r111.4 90.0
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r7.1 2.5 r-4.2 r4.6 r3.0 r-2.3
II r4.8 4.8 r0.0 r3.4 r0.4 r-1.4
III r0.2 5.9 r5.6 r4.4 r1.3 r4.2
IV r8.6 5.2 r-3.1 r12.9 r9.6 r3.9
ANNUAL r5.9 5.5 r-0.3 r4.5 r2.4 -1.3
2000 I r9.0 7.5 r-1.4 r24.7 r20.2 14.4
II r4.5 6.3 r1.8 r-4.6 r-7.6 r-8.7
III r0.8 -1.0 r-1.7 r12.3 r8.3 r11.4
IV r1.6 -4.7 r-6.2 r0.0 r-2.8 r-1.5
ANNUAL 5.3 4.6 -0.7 r9.6 6.1 4.2
2001 I r-2.2 -9.7 r-7.7 r2.7 r-0.9 r5.0
II r1.5 -7.3 r-8.7 r-2.6 r-5.7 r-4.0
III r4.1 -8.5 r-12.1 r-0.3 r-1.2 r-4.2
IV r11.2 -6.2 r-15.6 r7.7 r8.3 r-3.1
ANNUAL r1.4 -5.9 r-7.2 r1.6 -1.1 0.2
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r6.9 5.4 r-1.4 r4.6 r3.0 r-2.2
II 7.0 6.1 -0.9 3.7 r1.6 -3.1
III r4.5 6.0 r1.5 r3.5 r1.2 r-0.9
IV r5.1 4.6 r-0.5 r6.2 r3.5 1.1
ANNUAL r5.9 5.5 r-0.3 r4.5 r2.4 -1.3
2000 I r5.6 5.8 0.2 r11.0 7.6 5.1
II r5.5 6.2 r0.7 r8.8 r5.4 3.1
III 5.6 4.5 -1.1 10.8 7.1 r4.9
IV r3.9 1.9 -1.9 r7.5 r4.0 3.5
ANNUAL 5.3 4.6 -0.7 r9.6 6.1 4.2
2001 I r1.1 -2.4 r-3.5 r2.4 r-0.9 1.3
II r0.4 -5.7 r-6.1 3.0 -0.4 r2.5
III 1.2 -7.6 -8.7 r-0.1 r-2.7 r-1.3
IV r3.5 -7.9 r-11.1 r1.8 r0.0 r-1.7
ANNUAL r1.4 -5.9 r-7.2 r1.6 -1.1 0.2
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 5. Nondurable manufacturing sector: Revised productivity, hourly compensation, and
unit labor costs, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r112.9 110.0 r97.5 r120.8 r104.9 107.0
II r112.7 110.1 r97.8 r121.1 r104.4 r107.4
III r113.3 109.5 r96.6 r122.2 r104.6 107.8
IV r116.8 111.6 r95.6 r124.5 r105.7 106.6
ANNUAL r113.9 110.3 r96.9 r122.1 r104.9 107.2
2000 I r116.9 111.0 95.0 r129.1 108.7 r110.4
II r118.5 111.9 94.5 r129.7 r108.3 r109.5
III r117.9 111.1 r94.2 r132.1 r109.3 r112.0
IV r120.0 110.4 r92.0 r135.1 r111.0 r112.6
ANNUAL r118.5 111.1 r93.8 r131.7 r109.4 111.1
2001 I r119.9 109.0 90.9 r137.5 r112.0 r114.6
II r121.0 108.2 r89.4 r136.1 r110.0 r112.5
III r121.1 107.2 r88.5 r136.3 r109.9 r112.6
IV r123.8 106.7 r86.2 r137.8 r111.2 111.3
ANNUAL r121.4 107.8 r88.8 r136.9 r110.7 112.8
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r0.6 1.4 r0.8 r1.5 r-0.1 r0.9
II r-0.8 0.4 r1.2 r0.8 r-2.0 1.7
III r2.4 -2.3 r-4.6 r3.9 r0.8 1.4
IV r12.6 7.8 r-4.3 r7.6 r4.4 -4.5
ANNUAL r0.8 -0.3 r-1.1 r2.7 r0.6 1.9
2000 I r0.4 -2.2 r-2.5 r15.7 r11.5 r15.2
II r5.7 3.5 r-2.1 r2.0 r-1.3 r-3.5
III r-1.9 -3.1 r-1.2 r7.6 r3.7 r9.6
IV r7.2 -2.3 r-8.9 r9.4 r6.3 r2.0
ANNUAL r4.0 0.7 r-3.2 r7.8 r4.3 3.6
2001 I r-0.2 -4.9 r-4.7 r7.4 3.6 r7.5
II r3.6 -3.0 r-6.3 r-3.9 r-6.9 r-7.2
III r0.3 -3.7 r-4.0 r0.5 r-0.4 r0.2
IV r9.2 -2.0 r-10.2 r4.4 r5.0 r-4.4
ANNUAL r2.5 -3.0 r-5.3 r4.0 r1.2 1.5
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r0.5 -1.0 r-1.5 r3.7 r2.1 3.2
II -0.2 -1.1 -0.9 2.4 0.4 2.6
III r-0.5 -0.8 r-0.3 r1.4 r-0.9 r1.9
IV r3.6 1.8 r-1.7 r3.4 r0.8 r-0.1
ANNUAL r0.8 -0.3 r-1.1 r2.7 r0.6 1.9
2000 I r3.5 0.9 r-2.6 r6.8 r3.5 r3.2
II r5.2 1.6 r-3.4 r7.1 r3.7 r1.9
III r4.0 1.4 r-2.5 r8.1 r4.5 r3.9
IV r2.8 -1.1 r-3.7 r8.5 5.0 r5.6
ANNUAL r4.0 0.7 r-3.2 r7.8 r4.3 3.6
2001 I r2.6 -1.8 r-4.3 r6.5 r3.0 3.8
II r2.1 -3.3 r-5.3 r5.0 r1.5 r2.8
III r2.7 -3.5 r-6.0 r3.2 r0.5 r0.5
IV r3.2 -3.4 r-6.3 r2.0 r0.2 r-1.1
ANNUAL r2.5 -3.0 r-5.3 r4.0 r1.2 1.5
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 6. Nonfinancial corporations: Revised productivity, hourly compensation, unit labor costs,
unit profits, and prices, seasonally adjusted
Output Hourly Real Unit Total Unit Implicit
Year per all- compen- hourly Unit non- unit pro- price
and employee Employee sation compen- labor labor costs fits deflator
quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4)
----------------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r115.9 140.8 r121.5 r122.6 r106.5 105.8 99.7 104.2 134.1 106.8
II r116.4 142.4 r122.3 r122.8 r105.9 105.5 100.3 104.1 134.4 106.8
III r116.4 143.5 r123.3 r123.5 r105.7 106.1 101.6 104.9 126.9 106.9
IV r117.7 146.0 r124.0 r125.2 r106.4 106.4 102.2 105.2 124.1 106.9
ANNUAL r116.6 143.2 r122.8 r123.5 r106.1 106.0 101.0 104.6 129.8 106.9
2000 I r119.7 149.4 r124.7 r129.7 r109.2 108.3 102.5 106.8 115.3 107.5
II r120.4 150.2 r124.8 r130.4 r108.9 108.3 104.1 107.2 116.6 108.0
III r121.3 151.5 r125.0 r132.9 r110.0 109.6 105.4 108.5 108.0 108.4
IV r121.6 151.5 r124.6 r134.4 r110.5 110.6 107.1 109.7 97.6 108.6
ANNUAL r120.8 150.7 r124.7 r132.0 r109.7 109.2 104.8 108.0 109.3 108.1
2001 I r122.2 r151.3 r123.9 r135.6 r110.4 r111.0 r109.6 r110.6 r87.8 r108.6
II r122.8 r150.3 r122.4 r136.7 r110.4 r111.4 r112.2 r111.6 r87.3 r109.4
III r123.0 r148.6 r120.8 r137.9 r111.1 r112.1 r114.7 r112.8 r79.4 109.8
IV r123.9 r147.6 r119.1 r139.3 r112.5 r112.4 r116.2 r113.4 r75.8 r110.1
ANNUAL r123.0 r149.4 r121.5 r137.3 r111.1 r111.7 r113.2 r112.1 r82.6 109.5
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r7.2 8.6 r1.3 r10.2 r8.5 2.8 -5.2 0.7 3.7 1.0
II r1.7 4.5 r2.7 r0.6 r-2.2 -1.1 2.5 -0.2 0.9 0.0
III r0.0 3.1 r3.1 r2.2 r-0.8 2.3 5.3 3.0 -20.3 0.2
IV r4.6 7.2 r2.5 r5.6 r2.6 1.0 2.2 1.3 -8.6 0.2
ANNUAL r3.1 5.8 2.6 4.6 r2.4 1.4 1.1 1.3 -5.6 0.5
2000 I r7.1 9.6 r2.3 r15.1 r11.0 7.5 1.3 5.8 -25.6 2.2
II r2.1 2.4 0.2 2.2 -1.0 0.1 6.5 1.7 4.6 2.0
III r3.0 3.5 r0.5 r7.9 r4.0 4.8 5.0 4.8 -26.3 1.5
IV r1.0 -0.1 r-1.1 r4.7 r1.8 3.7 6.6 4.4 -33.4 0.5
ANNUAL 3.6 5.2 r1.5 6.8 r3.4 3.1 3.8 3.3 -15.8 1.2
2001 I r2.0 r-0.5 r-2.4 r3.4 r-0.3 r1.3 r9.8 r3.5 r-34.4 r0.0
II r2.0 -2.7 r-4.6 r3.4 r0.2 r1.4 r9.8 r3.6 r-2.0 r3.2
III r0.8 r-4.4 r-5.2 r3.5 r2.5 r2.7 r9.0 r4.3 r-31.8 r1.4
IV r3.1 r-2.6 r-5.5 r4.3 r4.9 r1.2 r5.4 r2.3 r-16.7 r1.0
ANNUAL 1.8 r-0.8 r-2.5 r4.1 r1.3 r2.3 r8.0 r3.8 r-24.4 1.2
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r3.9 6.2 r2.3 r5.6 r4.0 1.7 0.3 1.3 -4.2 0.7
II r3.4 6.0 r2.5 4.5 r2.5 1.1 0.9 1.0 -2.0 0.7
III r2.0 5.1 r3.1 r3.6 r1.3 1.6 2.1 1.7 -9.5 0.4
IV r3.3 5.8 r2.4 r4.6 r1.9 1.2 1.1 1.2 -6.6 0.3
ANNUAL r3.1 5.8 2.6 4.6 r2.4 1.4 1.1 1.3 -5.6 0.5
2000 I r3.3 6.1 r2.7 r5.8 r2.5 2.4 2.8 2.5 -14.0 0.6
II 3.4 5.5 r2.0 r6.2 2.8 2.7 3.8 3.0 -13.2 1.1
III 4.2 5.6 r1.4 r7.6 r4.0 3.3 3.7 3.4 -14.9 1.5
IV r3.3 3.8 r0.5 7.4 r3.8 4.0 4.8 4.2 -21.4 1.5
ANNUAL 3.6 5.2 r1.5 6.8 r3.4 3.1 3.8 3.3 -15.8 1.2
2001 I r2.0 r1.3 -0.7 r4.5 r1.1 r2.4 r7.0 r3.6 r-23.8 r1.0
II r2.0 r0.0 r-1.9 r4.8 r1.4 r2.8 r7.8 r4.1 r-25.1 1.3
III r1.4 r-1.9 r-3.3 3.7 1.0 r2.3 r8.8 r4.0 r-26.5 r1.3
IV r2.0 r-2.6 -4.4 3.6 1.8 r1.7 r8.5 r3.4 r-22.3 r1.4
ANNUAL 1.8 r-0.8 r-2.5 r4.1 r1.3 r2.3 r8.0 r3.8 r-24.4 1.2
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 7. Business sector: Productivity, hourly compensation, unit labor costs, and prices
Indexes 1992=100
Real
Output per Hours Compensa- compensa- Unit Unit non- Implicit
hour of of all tion per tion per labor labor pay- price
Year all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
-------------------------------------------------------------------------------------------------------
1947 r32.4 20.4 r63.0 7.0 r40.9 21.7 18.7 20.6
1948 r33.9 21.5 r63.5 7.6 r41.0 22.5 20.7 21.8
1949 r34.7 21.3 r61.4 7.7 r42.1 22.3 20.5 21.6
1950 r37.5 23.4 r62.3 r8.3 r44.5 22.1 21.6 21.9
1951 r38.7 24.9 r64.4 r9.1 r45.2 r23.5 r23.7 23.6
1952 r39.7 25.7 r64.6 9.6 r47.0 24.2 23.2 23.8
1953 r41.1 26.9 r65.4 10.2 r49.6 24.9 22.6 24.0
1954 r42.0 26.6 r63.2 r10.6 r50.8 25.1 22.6 24.2
1955 r43.8 28.7 r65.6 10.8 r52.3 24.8 24.0 24.5
1956 r43.8 29.1 r66.6 11.5 r55.0 26.4 23.5 25.3
1957 r45.1 29.6 r65.7 r12.3 r56.7 27.2 24.2 26.1
1958 r46.4 29.1 r62.7 12.8 r57.5 27.7 24.8 26.6
1959 r48.1 31.4 r65.4 r13.4 r59.5 27.8 25.2 26.8
1960 r48.9 32.0 r65.5 r13.9 r60.9 28.4 24.9 27.1
1961 r50.6 32.7 r64.5 r14.5 r62.6 28.5 25.3 27.3
1962 r52.9 34.8 r65.7 r15.1 r64.7 28.5 26.1 27.6
1963 r55.0 36.4 r66.2 r15.6 r66.1 28.4 26.6 27.7
1964 r56.8 38.7 r68.1 r16.2 r67.7 28.5 27.3 28.1
1965 r58.8 41.4 r70.4 r16.8 r69.1 28.6 28.4 28.5
1966 r61.2 44.2 r72.3 r17.9 r71.7 29.3 29.0 29.2
1967 r62.5 45.1 r72.1 r19.0 r73.5 30.3 29.5 30.0
1968 r64.6 47.3 r73.2 r20.5 r76.3 31.7 30.4 31.2
1969 r64.9 48.8 r75.1 r21.9 r77.4 r33.8 30.8 32.6
1970 r66.2 48.7 r73.6 r23.6 r78.8 35.6 r31.4 34.1
1971 r69.0 50.6 r73.3 r25.1 r80.2 36.3 r34.1 35.5
1972 r71.2 53.9 r75.6 r26.7 r82.6 37.4 35.7 36.8
1973 r73.5 57.6 r78.5 r28.9 r84.4 39.4 r37.5 38.7
1974 r72.3 56.8 r78.6 r31.7 r83.3 r43.9 40.0 42.4
1975 r74.8 56.3 r75.3 r35.0 r84.1 46.7 46.3 46.6
1976 r77.2 60.0 r77.7 r38.0 r86.4 49.2 r48.7 49.0
1977 r78.5 63.3 r80.7 r41.0 r87.6 52.2 r51.5 52.0
1978 r79.3 67.3 r84.8 r44.6 r89.1 r56.2 54.8 55.6
1979 r79.4 69.6 r87.7 r48.9 r89.4 61.6 r58.2 60.4
1980 r79.2 68.8 r86.9 r54.2 r89.2 68.4 61.3 65.8
1981 r80.8 70.7 r87.5 r59.4 r89.3 r73.5 r69.1 71.8
1982 80.2 68.6 85.5 63.6 90.4 79.3 70.2 75.9
1983 83.1 72.3 87.0 r66.3 r90.4 79.7 76.5 78.5
1984 85.3 78.6 92.1 69.1 r90.7 81.0 80.4 80.8
1985 r87.2 82.2 r94.2 r72.4 r91.9 83.0 82.2 82.7
1986 89.9 85.3 r94.9 r76.2 r94.9 84.8 82.8 84.1
1987 r90.4 88.3 97.7 79.0 r95.3 87.5 83.3 85.9
1988 91.7 92.1 r100.3 83.1 96.6 90.6 r85.4 88.6
1989 r92.6 95.4 103.0 r85.3 r95.1 92.1 91.5 91.9
1990 r94.5 96.9 r102.5 r90.6 r96.2 95.9 93.9 95.1
1991 96.0 96.1 r100.2 r95.0 r97.4 99.0 96.8 98.2
1992 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
1993 100.3 103.1 102.8 102.2 99.7 101.9 102.5 102.1
1994 r101.5 108.2 106.7 103.8 99.2 102.3 106.6 103.9
1995 r101.6 111.4 r109.6 106.0 98.9 104.3 108.2 105.7
1996 r104.6 116.5 r111.4 r109.6 r99.6 104.8 r111.8 107.4
1997 106.5 122.7 r115.1 r113.1 r100.6 106.1 r113.8 109.0
1998 r109.4 128.6 r117.6 r119.9 r105.1 r109.6 r109.8 109.7
1999 r112.6 135.2 r120.1 r125.6 r107.9 111.6 109.2 110.7
2000 r115.9 140.5 r121.3 r134.5 r111.8 r116.1 107.2 112.7
2001 r118.8 r141.0 r118.7 r140.1 r113.3 r118.0 r109.9 114.9
2002 r123.9 r143.5 r115.8 r144.5 r115.0 r116.6 r114.9 r116.0
2003 r129.5 r149.0 115.1 r150.5 r117.1 r116.2 r119.6 117.4
-------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 8. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices
Indexes 1992=100
Real
Output per Hours Compensa- compensa- Unit Unit non- Implicit
hour of of all tion per tion per labor labor pay- price
Year all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
-------------------------------------------------------------------------------------------------------
1947 r37.0 20.1 r54.2 r7.5 r43.3 20.2 17.8 19.3
1948 r38.0 20.9 r55.1 8.1 r43.6 21.3 19.4 20.6
1949 r39.3 20.8 r53.0 8.3 r45.4 21.2 r20.0 20.8
1950 r41.9 22.9 r54.7 8.8 r47.5 21.1 20.8 21.0
1951 r43.0 24.6 r57.3 9.6 r47.8 22.3 22.4 22.4
1952 r43.8 25.3 r57.9 10.1 r49.5 r23.2 22.3 22.8
1953 r44.7 26.6 r59.4 r10.7 r51.9 23.9 22.2 23.3
1954 r45.6 26.1 r57.3 11.0 r53.1 24.2 22.3 23.5
1955 r47.5 28.3 r59.7 11.4 r55.3 24.1 23.6 23.9
1956 r47.1 28.8 r61.1 12.1 r57.8 25.8 23.1 24.8
1957 r48.3 29.4 r60.8 12.8 r59.2 26.6 23.8 25.6
1958 r49.4 28.7 r58.2 r13.4 r59.8 27.1 24.1 26.0
1959 r51.2 31.2 r60.9 r13.9 r61.8 27.1 24.9 26.3
1960 r51.8 31.8 r61.3 r14.5 r63.3 27.9 24.3 26.6
1961 r53.4 32.4 r60.6 r15.0 r64.8 28.0 24.8 26.8
1962 r55.8 34.6 r62.0 r15.6 r66.7 r27.9 r25.8 27.1
1963 r57.8 36.2 r62.7 r16.1 r68.1 27.8 26.3 27.3
1964 r59.5 38.7 r65.0 r16.6 r69.3 27.9 27.1 27.6
1965 r61.3 41.4 r67.5 17.1 r70.5 27.9 28.0 28.0
1966 r63.5 44.4 r69.8 r18.2 r72.6 28.6 28.7 28.6
1967 r64.6 45.1 r69.8 r19.2 r74.5 29.7 29.2 29.5
1968 r66.8 47.5 r71.1 r20.7 r77.1 31.0 30.2 30.7
1969 r66.9 48.9 r73.1 r22.1 r78.1 33.1 30.4 32.1
1970 r67.9 48.9 r72.0 r23.7 r79.1 34.9 31.1 33.5
1971 r70.6 50.7 r71.8 r25.2 r80.7 35.7 r33.7 35.0
1972 r73.0 54.1 r74.1 r26.9 r83.2 36.8 34.9 36.1
1973 r75.3 58.0 r77.1 r29.1 r84.8 38.6 35.3 37.4
1974 r74.2 57.3 r77.2 r31.9 r83.8 43.0 38.1 41.2
1975 r76.2 56.3 r73.9 r35.1 r84.5 46.1 44.8 45.6
1976 r78.7 60.2 r76.5 r38.1 r86.6 48.4 47.8 48.1
1977 r79.9 63.6 r79.6 r41.2 r88.0 51.5 50.7 51.2
1978 r81.0 67.8 r83.7 r44.8 r89.6 55.3 53.4 54.6
1979 r80.7 70.0 r86.6 r49.1 r89.7 60.8 56.5 59.2
1980 r80.6 69.2 r85.9 r54.4 r89.5 67.5 60.4 64.9
1981 r81.7 70.7 r86.5 r59.7 r89.9 73.1 67.8 71.1
1982 80.9 68.4 84.6 64.0 r90.8 79.1 r69.5 75.5
1983 84.6 72.9 86.2 66.6 90.9 78.8 76.2 77.9
1984 r86.3 78.9 91.4 r69.5 91.1 80.5 79.4 80.1
1985 r87.6 82.2 r93.8 r72.6 r92.2 82.9 81.7 82.5
1986 90.3 85.4 r94.6 r76.4 r95.2 84.6 r82.6 83.9
1987 r90.7 88.4 97.5 79.2 95.4 87.3 r83.0 85.7
1988 92.1 92.4 r100.3 83.1 96.6 90.2 85.1 88.3
1989 92.8 95.7 103.1 r85.2 r95.0 91.9 90.9 91.5
1990 r94.6 97.1 r102.7 r90.4 r96.0 95.6 93.6 94.9
1991 r96.1 96.3 r100.2 r95.0 r97.4 98.8 97.0 98.1
1992 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
1993 r100.4 103.4 103.0 r102.0 99.5 101.6 102.9 102.1
1994 101.5 108.3 r106.6 r103.8 99.1 102.2 107.1 104.0
1995 r102.0 111.8 109.5 r105.9 r98.8 103.8 109.2 105.8
1996 r104.8 116.8 r111.5 r109.5 r99.5 104.5 r112.0 107.3
1997 r106.5 122.8 115.4 r112.9 r100.4 106.0 r114.5 109.1
1998 r109.3 128.9 r117.9 r119.6 r104.9 r109.4 r110.8 109.9
1999 r112.3 135.6 r120.7 r125.1 r107.5 r111.4 r110.7 111.1
2000 r115.5 140.8 r121.9 r134.0 r111.4 116.0 r108.7 113.3
2001 r118.3 r141.3 r119.4 r139.3 r112.7 r117.7 r111.5 115.4
2002 r123.5 r143.9 r116.5 r143.8 r114.5 r116.5 r116.8 r116.6
2003 r129.0 r149.4 r115.8 r149.7 r116.5 r116.1 r121.1 117.9
-------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 9. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
Indexes 1992=100
Real
Output per Hours Compensa- compensa- Unit
hour of of all tion per tion per labor
Year all persons Output persons hour (1) hour (2) costs
-----------------------------------------------------------------------------------------------
1987 r88.4 91.7 r103.8 r80.7 r97.3 r91.4
1988 r90.0 96.3 r107.0 r83.6 r97.2 92.8
1989 90.3 97.2 r107.6 r86.1 r96.0 95.3
1990 92.9 97.6 105.0 90.1 95.7 97.0
1991 r95.4 96.0 r100.5 r95.4 r97.8 100.0
1992 100.0 100.0 100.0 100.0 100.0 100.0
1993 102.7 104.1 101.4 102.3 99.8 99.6
1994 r106.1 110.0 103.8 105.6 100.9 99.6
1995 r109.9 115.0 r104.6 r107.5 r100.3 97.8
1996 113.9 118.6 r104.2 109.9 99.8 96.5
1997 r118.0 125.1 r106.0 r112.1 99.7 95.0
1998 r123.6 130.7 r105.7 r119.0 r104.4 96.2
1999 r128.1 134.6 r105.1 r123.7 r106.2 96.6
2000 r134.1 138.6 r103.4 135.0 r112.2 r100.7
2001 r136.9 132.3 r96.6 r138.1 r111.7 r100.9
2002 r146.5 131.5 r89.7 r147.3 r117.3 r100.6
2003 r154.0 131.6 r85.5 r159.9 r124.5 r103.8
-----------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 10. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
Indexes 1992=100
Real
Output per Hours Compensa- compensa- Unit
hour of of all tion per tion per labor
Year all persons Output persons hour (1) hour (2) costs
-----------------------------------------------------------------------------------------------
1987 r89.3 95.1 r106.5 r80.7 r97.2 90.4
1988 r91.2 100.9 r110.6 r83.0 r96.5 90.9
1989 r91.2 101.1 r111.0 r85.5 r95.3 93.8
1990 r93.2 100.1 107.4 89.2 94.8 95.8
1991 r94.5 95.9 r101.4 r94.9 r97.2 100.4
1992 100.0 100.0 100.0 100.0 100.0 100.0
1993 r104.5 106.0 r101.4 r102.0 r99.5 97.6
1994 r109.7 114.8 r104.7 r105.5 r100.8 96.2
1995 r115.2 122.8 r106.6 r106.5 r99.4 92.5
1996 r120.7 129.5 r107.3 r108.1 r98.2 89.5
1997 r126.3 139.5 r110.5 r110.6 r98.4 87.6
1998 r135.4 150.2 r111.0 r118.2 r103.7 r87.4
1999 r143.3 158.5 r110.6 r123.6 r106.2 86.2
2000 r150.9 165.7 109.9 r135.5 r112.6 89.8
2001 153.0 155.9 101.9 137.7 r111.4 90.0
2002 r165.6 154.8 r93.5 r145.3 r115.7 r87.7
2003 r178.3 158.0 r88.6 r159.3 r124.0 r89.3
-----------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 11. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor
costs,
Indexes 1992=100
Real
Output per Hours Compensa- compensa- Unit
hour of of all tion per tion per labor
Year all persons Output persons hour (1) hour (2) costs
-----------------------------------------------------------------------------------------------
1987 90.5 90.2 r99.7 r80.2 r96.7 88.7
1988 r92.0 93.3 r101.5 r84.0 r97.7 91.3
1989 r92.3 94.7 r102.7 r86.7 r96.7 r93.9
1990 r94.8 96.1 r101.4 r91.2 r96.9 96.2
1991 r97.4 96.6 r99.2 r96.2 r98.6 98.8
1992 100.0 100.0 100.0 100.0 100.0 100.0
1993 r100.5 101.9 r101.4 r102.7 r100.2 102.3
1994 r102.2 104.5 r102.3 r105.7 r101.0 103.5
1995 r104.6 106.3 r101.6 r108.8 r101.5 103.9
1996 r107.1 106.5 r99.5 r112.4 r102.2 105.0
1997 r110.7 110.0 r99.4 r113.6 r101.1 102.7
1998 r113.0 110.6 r97.9 r118.9 r104.3 105.2
1999 r113.9 110.3 r96.9 r122.1 r104.9 107.2
2000 r118.5 111.1 r93.8 r131.7 r109.4 111.1
2001 r121.4 107.8 r88.8 r136.9 r110.7 112.8
2002 r127.3 107.1 r84.1 r149.7 r119.2 r117.6
2003 r129.7 104.8 r80.7 r159.6 r124.2 r123.0
-----------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
Appendix table 12. Nonfinancial corporations: Productivity, hourly compensation, unit labor costs, unit
profits, and prices,
Indexes 1992=100
Output Hourly Real Unit Total Unit Implicit
per all- compen- hourly Unit non- unit pro- price
employee Employee sation compen labor labor costs fits deflator
Year hour Output hours (1) sation(2) costs costs(6) (7) (8) (4)
--------------------------------------------------------------------------------------------------------
1958 r53.6 25.7 r48.0 r15.0 r67.2 28.0 23.2 26.7 46.5 28.5
1959 r56.1 28.6 r50.9 r15.6 r69.3 27.7 21.9 26.2 55.0 28.7
1960 r57.0 29.5 r51.8 r16.2 r70.8 28.4 23.0 26.9 49.5 28.9
1961 r58.8 30.1 r51.3 r16.7 r72.4 28.4 23.5 27.1 49.5 29.1
1962 r61.3 32.7 r53.3 r17.4 r74.4 28.3 23.1 26.9 53.7 29.3
1963 r63.5 34.6 r54.5 r17.9 r75.7 28.2 23.1 26.8 56.5 29.5
1964 r64.5 37.0 r57.5 r18.2 r76.2 28.3 22.9 26.8 58.8 29.7
1965 r66.0 40.1 r60.7 r18.8 r77.1 28.4 22.8 26.9 63.2 30.2
1966 r67.1 42.9 r63.9 r19.8 r79.2 29.5 23.0 27.8 62.7 30.9
1967 r68.1 44.0 r64.6 r20.9 r81.1 30.7 24.3 29.0 59.1 31.7
1968 r70.5 46.8 r66.4 r22.5 r83.7 31.9 25.9 30.3 59.1 32.9
1969 r70.5 48.6 r69.0 r24.0 r84.8 34.1 28.1 32.5 53.3 34.4
1970 r70.8 48.1 r67.9 r25.7 r85.9 36.3 31.7 35.1 43.7 35.9
1971 r73.8 50.1 r67.9 r27.3 r87.4 37.0 33.1 36.0 49.8 37.2
1972 r75.2 53.8 r71.6 r28.8 r89.2 38.3 33.4 37.0 53.3 38.4
1973 r75.9 57.1 r75.2 r31.0 r90.4 40.8 35.2 39.3 54.1 40.6
1974 r74.3 56.1 r75.5 r33.9 r89.2 45.7 40.5 44.3 47.7 44.6
1975 r77.3 55.4 r71.7 r37.3 r89.7 48.2 45.9 47.6 62.2 48.9
1976 r79.7 59.8 r75.0 r40.3 r91.8 50.6 45.7 49.3 70.4 51.2
1977 r81.8 64.2 r78.4 r43.5 r93.0 53.2 47.7 51.7 76.2 53.9
1978 r82.8 68.3 r82.5 r47.6 r95.1 57.5 50.5 55.6 78.0 57.6
1979 r82.0 70.4 r85.8 r51.9 r94.9 63.3 55.1 61.1 73.1 62.2
1980 r81.3 69.2 r85.2 r57.2 r94.1 70.4 64.5 68.8 66.5 68.6
1981 r82.7 71.4 r86.4 r62.4 r93.9 75.5 73.6 75.0 81.2 75.5
1982 r83.1 69.9 84.1 66.5 94.4 79.9 81.3 80.3 75.1 79.8
1983 r86.2 73.5 r85.3 68.9 94.0 80.0 81.2 80.3 90.7 81.2
1984 88.4 80.3 r90.8 r71.9 r94.3 81.3 80.7 81.1 106.7 83.4
1985 90.5 84.0 r92.9 75.2 r95.4 83.1 82.8 83.0 101.3 84.7
1986 r92.4 86.1 r93.2 r78.9 r98.3 85.4 85.3 85.4 89.2 85.7
1987 r94.4 90.7 96.1 r81.6 r98.3 86.4 84.9 86.0 99.0 87.2
1988 96.5 95.7 99.1 84.9 98.7 87.9 86.1 87.4 110.6 89.5
1989 r95.1 97.2 r102.2 r87.0 r97.0 91.4 92.8 91.8 100.6 92.6
1990 r95.6 98.1 r102.5 r91.1 r96.8 95.3 97.1 95.8 96.7 95.9
1991 r97.8 97.4 r99.6 r95.5 r97.9 97.6 102.3 98.9 92.8 98.4
1992 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
1993 r100.6 103.0 r102.4 101.7 r99.3 101.2 99.7 100.8 113.9 101.9
1994 r102.6 109.5 106.8 r103.6 98.9 101.0 100.5 100.8 131.3 103.6
1995 r103.3 114.3 r110.6 r105.3 98.3 102.0 101.3 101.8 136.9 104.9
1996 r107.2 120.7 r112.6 r108.5 r98.6 101.2 99.9 100.9 149.9 105.3
1997 r109.9 128.4 r116.9 111.7 r99.4 101.7 99.8 101.2 154.4 105.9
1998 r113.0 135.3 r119.7 r118.1 r103.6 104.5 99.9 103.2 137.5 106.3
1999 r116.6 143.2 r122.8 r123.5 r106.1 106.0 101.0 104.6 129.8 106.9
2000 r120.8 150.7 r124.7 r132.0 r109.7 109.2 104.8 108.0 109.3 108.1
2001 r123.0 r149.4 r121.5 r137.3 r111.1 r111.7 r113.2 r112.1 r82.6 109.5
2002 r128.4 r151.6 r118.1 r141.5 r112.7 r110.2 r113.0 r111.0 r95.4 109.6
2003 r135.4 r157.7 r116.5 r147.3 r114.6 r108.8 r111.5 r109.5 r113.2 109.8
--------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 10, 2004
r=revised Source: Bureau of Labor Statistics
1