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)
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Indexes 1992=100
2006 I 135.2 163.4 120.8 167.0 119.9 123.5 134.9 127.7
II 135.7 164.4 121.2 167.0 118.8 123.1 138.8 128.9
III 135.1 164.7 121.9 167.6 118.1 124.0 138.6 129.4
IV 135.6 165.7 122.2 172.5 122.0 127.2 133.4 129.5
ANNUAL 135.4 164.5 121.5 168.5 119.7 124.5 136.4 128.9
2007 I 136.1 165.9 121.9 175.2 122.8 128.8 133.8 130.6
II 137.0 167.6 122.4 175.8 121.9 128.4 136.4 131.3
III 139.0 169.9 122.3 177.2 122.0 127.5 137.9 131.3
IV 139.6 170.0 121.8 r180.1 r122.5 r129.0 r136.8 131.9
ANNUAL 137.9 168.4 122.1 r177.1 r122.3 r128.4 r136.2 131.3
2008 I r140.5 r170.3 r121.2 r182.3 r122.7 r129.7 r137.5 r132.6
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Percent change from previous quarter at annual rate(5)
2006 I 2.2 5.7 3.4 6.9 4.9 4.5 0.6 3.0
II 1.3 2.4 1.1 0.0 -3.5 -1.3 12.1 3.7
III -1.6 0.8 2.4 1.5 -2.5 3.1 -0.5 1.6
IV 1.4 2.6 1.1 12.3 14.0 10.7 -14.2 0.3
ANNUAL 1.0 3.2 2.2 3.9 0.6 2.9 3.1 3.0
2007 I 1.3 0.3 -0.9 6.4 2.7 5.0 1.3 3.6
II 2.7 4.2 1.5 1.3 -3.2 -1.3 7.9 2.1
III 6.0 5.6 -0.4 3.3 0.6 -2.5 4.5 0.1
IV 1.8 0.2 -1.6 r6.6 r1.5 r4.7 r-3.3 1.6
ANNUAL 1.8 2.3 0.5 r5.1 r2.2 r3.2 r-0.2 1.9
2008 I r2.6 r0.7 -1.8 r4.9 r0.6 2.2 r2.3 r2.3
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Percent change from corresponding quarter of previous year
2006 I 1.4 3.8 2.4 4.2 0.4 2.8 4.1 3.3
II 1.6 3.6 2.0 3.8 -0.1 2.2 5.7 3.5
III 0.1 2.4 2.3 2.7 -0.6 2.6 3.6 3.0
IV 0.8 2.8 2.0 5.0 3.0 4.2 -1.0 2.2
ANNUAL 1.0 3.2 2.2 3.9 0.6 2.9 3.1 3.0
2007 I 0.6 1.5 0.9 4.9 2.4 4.3 -0.8 2.3
II 1.0 2.0 1.0 5.3 2.5 4.3 -1.7 1.9
III 2.8 3.2 0.3 5.8 3.3 2.8 -0.5 1.5
IV 2.9 2.6 -0.4 r4.4 r0.4 r1.4 r2.5 1.8
ANNUAL 1.8 2.3 0.5 r5.1 r2.2 r3.2 r-0.2 1.9
2008 I r3.3 r2.7 -0.6 r4.0 r-0.1 r0.7 r2.8 1.5
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See footnotes following Table 6. June 4, 2008
r=revised Source: Bureau of Labor Statistics
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