USDL 98-335
TRANSMISSION OF THIS
MATERIAL IS EMBARGOED
UNTIL 10:00 A.M. EDT,
TUESDAY, AUGUST 11, 1998.
Internet address: http://stats.bls.gov/lprhome.htm
Historical, technical
information: (202) 606-5606
Current data: (202) 606-7828
Media contact: (202) 606-5902
PRODUCTIVITY AND COSTS
Second Quarter 1998
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 1998. The preliminary seasonally adjusted annual
rates of productivity change in the second quarter were:
-0.6 percent in the business sector, and
-0.2 percent in the nonfarm business sector.
In both the business and nonfarm business sectors, the decline in
productivity growth in the second quarter was the first since the first
quarter of 1995. In the first quarter of 1998, output per hour of all
persons (as revised) rose 4.1 percent in the business sector and 3.5 percent
in the nonfarm business sector.
In manufacturing, productivity changes in the second quarter were:
3.3 percent in manufacturing,
5.7 percent in durable goods manufacturing, and
0.2 percent in nondurable goods manufacturing.
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The 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 31. They also reflect the annual benchmark revision to the
BLS establishment survey data and revisions to hours series released by BLS
on June 5. All employment and hours series incorporate new information on
seasonal patterns. See Revised Measures. Appendix tables 1-6 show revised
historical series.
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Table A. Productivity and costs: Preliminary second-quarter 1998 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 -0.6 1.2 1.8 3.9 1.9 4.5
Nonfarm business -0.2 1.3 1.6 3.8 1.8 4.1
Manufacturing 3.3 1.7 -1.5 2.5 0.5 -0.7
Durable 5.7 3.6 -1.9 1.5 -0.5 -4.0
Nondurable 0.2 -0.7 -0.9 4.4 2.3 4.2
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Percent change from same quarter a year ago
Business 2.0 4.2 2.1 4.5 2.9 2.5
Nonfarm business 1.9 4.2 2.3 4.3 2.7 2.4
Manufacturing 4.2 4.5 0.3 5.0 3.3 0.8
Durable 6.1 6.6 0.5 4.9 3.2 -1.2
Nondurable 2.0 2.0 0.0 5.2 3.5 3.2
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The second-quarter increase in manufacturing productivity was the result
of a small increase in output, 1.7 percent, combined with a drop in hours
worked in the sector of 1.5 percent. Output and hours in manufacturing,
which includes about 18 percent of U.S. business-sector employment, tend to
vary more from quarter to quarter than data for the more aggregate business
and nonfarm business sectors. Second-quarter measures are summarized in
table A and appear in detail in tables 1 through 5.
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 to the second quarter of 1998, business sector
productivity fell at a 0.6 percent annual rate, as output rose 1.2 percent
and hours of all persons engaged in the sector rose faster, 1.8 percent. The
second-quarter increase in output was the smallest recorded since a 0.3-
percent rise in the second quarter of 1995. The revised measure of labor
productivity for the first quarter shows that productivity rose 4.1 percent
as output and hours increased 7.1 and 2.9 percent, respectively (table 1).
Hourly compensation increased 3.9 percent in the second quarter and 4.9
percent in the first quarter of 1998. This measure includes wages and
salaries, supplements, employer contributions to employee benefit plans, and
taxes. Unit labor costs, which reflect changes in both hourly compensation
and productivity, increased at a 4.5-percent annual rate during the second
quarter. This was only the fourth time since 1990 that these costs increased
more than 4 percent in a single quarter.
Real hourly compensation, which takes into account changes in the
Consumer Price Index for All Urban Consumers (CPI-U), increased at a 1.9
percent annual rate during the second quarter of 1998 after rising 4.4
percent in the first quarter of 1998.
The implicit price deflator for the business sector, which reflects
changes in unit labor costs and unit nonlabor payments, increased 0.3 percent
in the second quarter and 0.2 percent in the first quarter of 1998.
Nonfarm business
Productivity decreased slightly--0.2 percent--in the nonfarm business
sector during the second quarter of 1998, after rising 3.5 percent in the
first quarter (table 2). Output rose 1.3 percent during the second quarter,
but hours of all persons working in the sector increased more rapidly, 1.6
percent. In the first quarter of the year, output had risen 7.0 percent, the
largest increase since an 8.4-percent increase occurred in the fourth quarter
of 1992. Hours of all persons in the nonfarm business sector rose 3.4
percent in the first quarter of 1998.
Hourly compensation increased 3.8 percent in the second quarter, down
from the 4.6 percent rise posted one quarter earlier. When the rise in the
CPI-U is taken into account, increases in real hourly compensation for the
second quarter of the year rose 1.8 percent.
Unit labor costs grew 4.1 percent in the second quarter and 1.1 percent
in the previous quarter. The implicit price deflator for nonfarm business
output grew 0.1 percent in the second quarter and 0.6 percent in the first
quarter of 1998.
Manufacturing
Productivity increased 3.3 percent in manufacturing, as output rose 1.7
percent and hours of all persons dropped 1.5 percent (seasonally adjusted
annual rates). In the first quarter, productivity rose 1.4 percent as output
increased 2.2 percent and hours increased 0.8 percent (table 3). Labor
productivity in manufacturing has risen in every quarter since the third
quarter of 1993, when it fell 0.2 percent. In durable goods, productivity
increased 5.7 in the second quarter of 1998 as output rose 3.6 percent while
hours of all persons fell 1.9 percent. In nondurable goods manufacturing,
productivity rose 0.2 percent in the second quarter as both output and hours
dropped, 0.7 and 0.9 percent, respectively (tables 4 and 5).
Hourly compensation of all manufacturing workers increased 2.5 percent
during the second quarter, less than the 4.1 percent increase in the first
quarter. When the increase in consumer prices is taken into account, real
hourly compensation rose 0.5 percent in the second quarter.
Unit labor costs in manufacturing fell at a 0.7 percent annual rate in
the second quarter. Trends in unit labor costs in the two subsectors were
quite different; unit labor costs fell 4.0 percent in durable goods
manufacturing and rose 4.2 percent in nondurable goods manufacturing.
Revised Measures
Current and previous measures for the first quarter of 1998 for the
business, nonfarm business, and manufacturing sectors are compared in table B.
Increases in productivity and output are larger--and increases in hours of all
persons are smaller--than those reported on June 4, based on information then
available. Increases in unit labor costs are correspondingly smaller than
originally reported.
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Table B. Previous and revised productivity and related measures
Quarterly percent change at seasonally adjusted annual rate
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Real
Hourly hourly Unit
Produc- compen- compen- labor
Sector tivity Output Hours sation sation costs
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First quarter 1998
Business:
Previous 1.7 6.0 4.2 4.4 3.9 2.7
Current 4.1 7.1 2.9 4.9 4.4 0.8
Nonfarm business:
Previous 1.1 6.0 4.8 4.2 3.7 3.1
Current 3.5 7.0 3.4 4.6 4.1 1.1
Manufacturing:
Previous 0.7 2.0 1.3 2.8 2.3 2.1
Current 1.4 2.2 0.8 4.1 3.6 2.7
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Output data for the business, nonfarm business, and nonfinancial
corporate sectors and 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. Labor input measures have
been revised to reflect the annual benchmarking process of employment levels
derived from the monthly Current Employment Statistics (CES) survey and the
updating of seasonal adjustment factors. In addition, the seasonal
adjustment process for hours series reported by CES was refined to correct
for distortions associated with the varying length of pay periods across
months. (See USDL 98-231.) These revisions extend back to the first quarter
of 1988.
As a result of these revisions, annual increases in labor productivity
in the business and nonfarm business sectors are higher than previously
reported for 1994-96 and slightly lower for 1997. In the manufacturing
sector, increases in output per hour since 1994 are slightly less than
reported earlier. Appendix tables 1-6 present quarterly and annual measures
for 1993-95.
Revised measures: Nonfinancial Corporations
Productivity and cost measures for the first quarter for nonfinancial
corporations also were revised to incorporate the most recent information on
output, compensation, profits, and labor inputs. Productivity growth was
unchanged from that reported on June 4 as downward revisions in output were
matched by similar revisions to employee hours. Unit labor costs grew less
than originally reported, reflecting a downward revision to hourly
compensation. The decrease in unit profits was less than reported on June 4
(table C).
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Table C. 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 1998
Previous 2.6 7.2 4.5 4.2 3.7 1.6 -6.3 -0.2
Current 2.6 5.9 3.2 3.6 3.1 0.9 -5.6 -0.4
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Next release date
The next release of Productivity and Costs is scheduled for 10:00 a.m.
EDT, Thursday, September 3, 1998. Revised second-quarter measures for
business, nonfarm business, and manufacturing will be released at that time,
along with measures for nonfinancial corporations.
TECHNICAL NOTES
Labor Hours: The primary source of hours and employment data is the BLS
Current Employment Statistics (CES) program, which provides monthly survey
data on total employment and average weekly paid hours of production and non-
supervisory workers in nonagricultural establishments. Jobs rather than
persons are counted. Weekly paid hours are adjusted to hours at work using
the BLS Hours at Work survey, conducted for this purpose.
Data from the BLS Current Population Survey (CPS) are used for farm
labor; in the nonfarm sector, the National Income and Product Accounts (NIPA)
prepared by the Bureau of Economic Analysis (BEA) of the Department of Com-
merce and the CPS are used to measure labor input for government enterprises,
proprietors, and unpaid family workers.
Output: Business sector output is an annual-weighted index constructed after
excluding from gross domestic product (GDP) the following outputs: General
government, nonprofit institutions, paid employees of private households, and
the rental value of owner-occupied dwellings. Corresponding exclusions also
are made in labor inputs. Business output accounted for about 76 percent of
the value of GDP in 1992. Nonfarm business, which also excludes farming,
accounted for about 75 percent of GDP in 1992.
Annual manufacturing indexes 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 2-digit SIC
industries: Primary metal industries; fabricated metal products; non-
electrical machinery; industrial and commercial machinery and computer
equipment; electronic and other electrical equipment; transportation
equipment; instruments; lumber and lumber products; furniture and fixtures;
stone, clay, and glass and concrete products; and miscellaneous manufactures.
Nondurables include: Food and kindred products, tobacco products, textile
mill products, apparel products, paper and allied products, printing and
publishing, chemicals and chemical products, petroleum refining and related
industries, rubber and plastic products, and leather and leather products.
Nonfinancial corporate output is an annual-weighted index constructed by
excluding from GDP the following outputs: General government; nonprofit
institutions; employees of private households; the rental value of owner-oc-
cupied dwellings; unincorporated business; and those corporations which are
depository institutions, nondepository institutions, security and commodity
brokers, insurance carriers, regulated investment offices, small business
investment offices, and real estate investment trusts. Nonfinancial
corporations accounted for about 52 percent of the value of GDP in 1992.
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: 202-606-STAT; TDD phone: 202-606-5897;
TDD message referral phone number: 1-800-326-2577.
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)
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Indexes 1992=100
1996 I r102.9 r112.5 r109.3 r108.8 r98.4 r105.7 r111.9 r107.9
II r103.8 r114.2 r110.0 r110.3 r98.9 r106.3 r112.1 r108.4
III r103.8 r114.9 r110.7 r111.4 r99.3 r107.3 r111.5 r108.8
IV r104.2 r116.4 r111.6 r112.3 r99.3 r107.8 r111.8 r109.2
ANNUAL r103.7 r114.5 110.4 r110.7 r99.0 r106.8 r111.8 r108.6
1997 I r104.5 r117.8 112.7 r113.4 r99.7 r108.5 r112.4 r109.9
II r105.0 r119.1 r113.4 r114.1 r100.0 r108.7 r113.1 r110.3
III r106.0 r120.6 r113.8 r115.3 r100.5 r108.8 r113.8 r110.6
IV r106.2 r121.7 r114.5 r116.8 r101.3 r110.0 r112.4 r110.8
ANNUAL r105.4 r119.8 r113.6 r114.9 r100.5 r109.0 r112.9 r110.4
1998 I r107.3 r123.7 r115.4 r118.2 r102.4 r110.2 r112.2 r110.9
II 107.1 124.1 115.9 119.3 102.9 111.4 110.2 111.0
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Percent change from previous quarter at annual rate(5)
1996 I r4.4 r4.5 r0.1 r2.5 r-0.7 r-1.9 r8.5 r1.9
II r3.5 r6.4 r2.9 r5.6 r1.8 r2.1 r0.9 r1.7
III r0.1 r2.5 r2.4 r4.0 r1.5 r3.8 r-2.2 r1.6
IV r1.5 r5.1 r3.5 3.4 0.0 r1.8 r1.0 r1.5
ANNUAL r2.7 r4.2 r1.5 r3.6 r0.7 r0.9 r2.8 r1.6
1997 I r1.0 r4.9 r3.9 r3.9 r1.7 r2.8 r2.0 r2.5
II r2.0 r4.7 r2.6 r2.6 r1.3 r0.6 r2.8 r1.4
III r3.7 r4.9 r1.2 r4.1 r2.1 r0.4 r2.2 1.1
IV r0.9 r3.6 r2.7 r5.3 r3.1 r4.4 r-4.8 0.9
ANNUAL r1.7 r4.6 r2.9 r3.8 r1.5 r2.1 r1.0 1.7
1998 I r4.1 r7.1 r2.9 r4.9 r4.4 r0.8 r-0.7 r0.2
II -0.6 1.2 1.8 3.9 1.9 4.5 -6.8 0.3
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Percent change from corresponding quarter of previous year
1996 I r2.5 r3.2 r0.7 r3.0 r0.2 r0.6 r3.3 r1.6
II r3.1 r4.7 r1.6 r3.7 r0.8 r0.6 r3.4 r1.6
III r2.8 r4.2 r1.4 r4.0 r1.0 r1.1 r2.4 r1.6
IV r2.4 r4.6 r2.2 r3.9 r0.7 r1.5 2.0 r1.7
ANNUAL r2.7 r4.2 r1.5 r3.6 r0.7 r0.9 r2.8 r1.6
1997 I 1.5 4.7 r3.2 r4.2 1.2 2.6 r0.4 r1.8
II r1.2 r4.3 r3.1 r3.5 r1.1 2.3 r0.9 r1.8
III r2.1 r4.9 r2.8 r3.5 r1.3 r1.4 2.0 1.6
IV r1.9 4.5 r2.6 r4.0 r2.0 2.0 r0.5 r1.5
ANNUAL r1.7 r4.6 r2.9 r3.8 r1.5 r2.1 r1.0 1.7
1998 I r2.6 r5.1 2.3 r4.2 r2.7 r1.5 r-0.2 r0.9
II 2.0 4.2 2.1 4.5 2.9 2.5 -2.6 0.6
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See footnotes following Table 6. August 11, 1998
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
1996 I r103.0 r112.8 109.4 r108.6 r98.3 r105.4 r112.3 r107.9
II r103.8 r114.5 r110.3 r110.0 r98.6 r106.0 r112.3 r108.2
III r103.8 r115.2 r111.0 r111.0 r98.9 r107.0 r111.6 r108.6
IV r104.1 r116.6 r112.0 r112.0 r98.9 r107.5 r112.2 r109.2
ANNUAL r103.7 r114.8 110.7 r110.4 r98.7 r106.5 r112.1 r108.5
1997 I r104.2 r117.9 113.1 r113.1 r99.4 r108.5 r112.8 r110.0
II r104.7 r119.2 r113.9 r113.8 r99.7 r108.7 r113.6 r110.4
III r105.6 r120.6 r114.2 r114.9 r100.2 r108.8 r114.5 r110.8
IV r105.9 r121.8 r115.1 r116.3 r100.9 r109.9 r113.3 r111.1
ANNUAL r105.1 r119.9 r114.1 r114.5 r100.1 r109.0 r113.6 r110.6
1998 I r106.8 r123.9 r116.0 r117.6 r101.9 r110.2 r113.2 r111.2
II 106.7 124.3 116.5 118.7 102.3 111.3 111.3 111.3
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Percent change from previous quarter at annual rate(5)
1996 I r4.1 r4.2 r0.0 r2.6 r-0.5 r-1.5 r7.4 r1.7
II r3.0 r6.4 r3.3 r5.2 r1.4 2.2 r-0.1 r1.3
III r0.0 r2.5 r2.4 r3.7 r1.3 r3.7 r-2.3 r1.4
IV r1.2 r5.0 r3.7 r3.3 0.0 r2.1 r2.3 r2.2
ANNUAL r2.4 r4.1 1.6 r3.5 r0.6 r1.1 r2.0 r1.4
1997 I r0.5 r4.5 r4.1 r4.0 r1.8 r3.6 r2.2 r3.1
II r1.8 r4.5 r2.6 r2.6 r1.2 r0.7 r2.8 r1.5
III 3.6 r4.8 r1.2 r3.9 r2.0 r0.3 r3.1 r1.4
IV r0.9 r4.0 r3.0 r4.9 r2.8 r4.0 r-4.3 r0.9
ANNUAL r1.4 4.5 r3.0 r3.7 r1.4 r2.3 r1.3 r1.9
1998 I r3.5 r7.0 r3.4 r4.6 r4.1 r1.1 r-0.3 r0.6
II -0.2 1.3 1.6 3.8 1.8 4.1 -6.6 0.1
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Percent change from corresponding quarter of previous year
1996 I r2.4 r3.2 r0.8 r3.0 r0.2 r0.6 r2.7 r1.4
II r2.9 r4.7 1.8 r3.6 r0.7 r0.7 r2.4 r1.3
III r2.4 r4.1 r1.6 r3.8 r0.8 r1.3 r1.4 r1.3
IV r2.1 r4.5 r2.4 r3.7 r0.5 r1.6 r1.7 r1.7
ANNUAL r2.4 r4.1 1.6 r3.5 r0.6 r1.1 r2.0 r1.4
1997 I r1.2 r4.6 3.4 r4.1 1.1 r2.9 r0.5 r2.0
II r0.9 r4.1 r3.2 r3.4 r1.1 r2.5 r1.2 r2.0
III r1.8 4.7 r2.9 r3.5 r1.2 r1.7 r2.6 r2.0
IV r1.7 r4.4 r2.7 r3.9 r1.9 r2.1 r0.9 r1.7
ANNUAL r1.4 4.5 r3.0 r3.7 r1.4 r2.3 r1.3 r1.9
1998 I r2.4 r5.1 r2.6 r4.0 r2.5 r1.5 r0.3 1.1
II 1.9 4.2 2.3 4.3 2.7 2.4 -2.1 0.7
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See footnotes following Table 6. August 11, 1998
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
1996 I r112.9 115.8 r102.6 r109.2 r98.8 r96.8
II r114.0 118.3 r103.8 r110.3 r98.9 r96.8
III r115.2 119.9 r104.1 r111.2 r99.1 r96.5
IV r116.3 121.2 r104.3 r111.9 r98.9 r96.2
ANNUAL r114.6 118.8 r103.7 r110.7 r99.0 r96.6
1997 I r117.1 123.0 r105.1 r113.0 r99.3 r96.5
II r118.0 124.5 r105.5 r114.0 r99.9 r96.6
III r120.1 126.4 r105.2 r115.5 r100.7 r96.2
IV r121.5 128.9 r106.1 r117.8 r102.2 r96.9
ANNUAL r119.2 125.7 r105.5 r115.1 r100.6 r96.6
1998 I r121.9 r129.6 r106.3 119.0 103.1 r97.6
II 122.9 130.1 105.9 119.7 103.2 97.4
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Percent change from previous quarter at annual rate(5)
1996 I r6.2 2.6 r-3.3 r-0.1 r-3.2 r-6.0
II r3.9 9.0 r4.9 r4.1 r0.4 r0.2
III r4.3 5.4 r1.1 3.1 0.7 r-1.1
IV r3.8 4.5 r0.7 r2.5 r-0.9 r-1.3
ANNUAL r4.5 4.2 r-0.4 r2.2 r-0.8 r-2.3
1997 I r2.8 6.2 r3.3 r4.2 r2.0 r1.3
II r3.2 4.9 r1.7 r3.5 r2.1 r0.3
III r7.3 6.1 r-1.1 r5.6 r3.6 r-1.6
IV r4.9 8.2 r3.1 r8.0 r5.8 r3.0
ANNUAL r4.0 5.8 r1.7 r4.0 r1.7 r0.0
1998 I r1.4 r2.2 r0.8 r4.1 r3.6 r2.7
II 3.3 1.7 -1.5 2.5 0.5 -0.7
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Percent change from corresponding quarter of previous year
1996 I 4.7 2.2 -2.4 r1.9 r-0.9 r-2.7
II r4.4 4.3 r-0.1 r2.1 r-0.7 r-2.2
III r4.3 4.7 r0.4 r2.2 r-0.7 r-2.0
IV r4.6 5.4 r0.8 r2.4 r-0.8 r-2.1
ANNUAL r4.5 4.2 r-0.4 r2.2 r-0.8 r-2.3
1997 I r3.7 6.3 r2.5 3.5 r0.5 r-0.2
II r3.5 5.3 r1.7 r3.3 r1.0 r-0.2
III r4.2 5.4 r1.1 r3.9 r1.7 r-0.3
IV r4.5 6.3 r1.7 r5.3 r3.4 r0.7
ANNUAL r4.0 5.8 r1.7 r4.0 r1.7 r0.0
1998 I r4.2 5.3 1.1 r5.3 r3.8 r1.1
II 4.2 4.5 0.3 5.0 3.3 0.8
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See footnotes following Table 6. August 11, 1998
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
1996 I r120.2 126.8 r105.5 r107.5 r97.2 r89.4
II r122.0 131.1 r107.4 r108.5 r97.2 r88.9
III r123.6 133.2 r107.8 r109.2 r97.3 r88.4
IV r124.6 134.6 r108.0 r109.6 r96.8 r87.9
ANNUAL r122.6 131.4 r107.2 r108.7 r97.2 r88.6
1997 I r125.7 137.7 r109.5 r110.6 r97.2 r88.0
II r127.4 140.4 r110.2 r111.5 r97.7 r87.5
III r130.6 143.8 r110.1 r113.0 r98.5 r86.5
IV r133.0 147.4 r110.9 r115.8 r100.4 r87.1
ANNUAL r129.2 142.3 r110.2 r112.8 r98.6 r87.3
1998 I r133.4 r148.4 r111.3 r116.6 r101.0 r87.4
II 135.2 149.7 110.7 117.0 100.8 86.5
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Percent change from previous quarter at annual rate(5)
1996 I r8.8 5.9 r-2.7 r-2.8 r-5.8 r-10.7
II r6.2 14.2 r7.5 r3.8 r0.1 r-2.2
III r5.2 6.8 r1.5 2.6 0.2 r-2.5
IV r3.6 4.3 0.7 r1.4 r-1.9 r-2.1
ANNUAL r6.2 7.1 r0.9 r0.8 r-2.1 r-5.0
1997 I r3.5 9.4 r5.7 r3.9 r1.6 r0.3
II r5.6 8.1 r2.4 r3.4 r2.0 r-2.0
III r10.4 10.2 r-0.2 r5.5 r3.5 r-4.5
IV r7.5 10.3 r2.7 r10.2 r7.9 r2.5
ANNUAL r5.4 8.3 r2.8 r3.7 r1.4 r-1.6
1998 I r1.2 r2.6 r1.4 r2.6 r2.1 r1.4
II 5.7 3.6 -1.9 1.5 -0.5 -4.0
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I 6.0 4.8 r-1.2 r0.4 r-2.4 r-5.3
II r6.5 8.0 r1.4 r0.7 r-2.1 r-5.4
III r6.2 8.0 r1.7 r0.9 r-2.0 r-5.0
IV r5.9 7.7 r1.7 r1.2 r-1.9 r-4.4
ANNUAL r6.2 7.1 r0.9 r0.8 r-2.1 r-5.0
1997 I r4.6 8.6 r3.8 r2.9 r0.0 r-1.6
II r4.5 7.1 r2.6 r2.8 r0.5 r-1.6
III r5.7 8.0 r2.1 r3.5 r1.3 r-2.1
IV r6.7 9.5 r2.6 r5.7 r3.7 r-0.9
ANNUAL r5.4 8.3 r2.8 r3.7 r1.4 r-1.6
1998 I r6.1 r7.8 1.6 r5.4 r3.9 r-0.7
II 6.1 6.6 0.5 4.9 3.2 -1.2
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
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
1996 I r105.9 104.5 r98.7 r111.4 r100.8 r105.2
II r106.4 105.3 r99.0 r112.6 r100.9 r105.8
III r107.2 106.3 r99.1 r113.7 r101.3 r106.0
IV r108.3 107.5 r99.3 r114.8 r101.5 r106.0
ANNUAL r107.0 105.9 r99.0 r113.1 r101.2 r105.8
1997 I r109.0 108.2 r99.2 r116.1 r102.0 r106.5
II r109.2 108.5 r99.4 r117.1 r102.6 r107.2
III r110.2 108.9 r98.8 118.7 r103.5 r107.6
IV r110.7 110.3 r99.7 r120.0 r104.1 r108.4
ANNUAL r109.8 109.0 r99.2 r118.0 r103.1 r107.4
1998 I r111.3 110.8 r99.6 r121.9 r105.6 r109.5
II 111.3 110.6 99.4 123.2 106.2 110.7
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I r3.1 -1.2 r-4.2 r4.2 r1.0 r1.0
II r1.8 3.1 r1.2 4.1 0.4 r2.3
III r3.3 3.8 r0.5 4.0 1.5 r0.7
IV r4.0 4.6 r0.6 r4.2 r0.8 r0.2
ANNUAL r2.7 0.6 r-2.1 4.1 1.1 r1.4
1997 I r2.7 2.5 r-0.2 r4.3 r2.1 r1.6
II r0.5 1.2 r0.6 r3.5 r2.2 r3.0
III r4.0 1.5 r-2.4 r5.6 r3.6 r1.5
IV r1.7 5.5 r3.7 r4.6 r2.5 r2.9
ANNUAL r2.6 2.9 r0.2 r4.3 r1.9 r1.6
1998 I r2.0 r1.8 r-0.2 r6.4 r5.8 r4.3
II 0.2 -0.7 -0.9 4.4 2.3 4.2
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I r3.3 -1.0 -4.1 r4.1 r1.3 r0.8
II r2.3 -0.1 r-2.3 r4.1 r1.2 r1.8
III r2.3 0.8 r-1.5 r4.1 1.2 r1.8
IV r3.0 2.5 r-0.5 4.1 0.9 r1.0
ANNUAL r2.7 0.6 r-2.1 4.1 1.1 r1.4
1997 I r2.9 3.5 r0.5 r4.2 r1.2 r1.2
II r2.6 3.0 r0.4 r4.0 r1.7 r1.4
III r2.8 2.4 r-0.4 r4.4 r2.2 r1.6
IV r2.2 2.6 r0.4 r4.5 r2.6 r2.2
ANNUAL r2.6 2.9 r0.2 r4.3 r1.9 r1.6
1998 I 2.1 r2.5 0.4 r5.0 r3.5 r2.9
II 2.0 2.0 0.0 5.2 3.5 3.2
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
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
1996 I r106.4 r117.3 r110.3 r107.7 r97.4 r101.2 r98.7 r100.6 r153.7 r105.4
II r107.2 r119.3 r111.2 r109.0 r97.7 r101.7 r97.9 r100.7 r154.1 r105.5
III r108.0 r120.9 r111.9 r110.1 r98.1 r101.9 r97.5 r100.8 r155.3 r105.7
IV r108.6 r122.5 r112.8 r110.9 r98.0 r102.1 97.4 r100.9 r155.4 r105.8
ANNUAL r107.6 r120.0 r111.5 r109.5 r97.9 r101.7 r97.9 r100.7 r154.6 r105.6
1997 I r109.0 r124.3 r114.0 r111.8 r98.3 r102.6 r97.3 r101.2 r156.6 r106.2
II r109.7 r126.2 r115.1 r112.6 r98.6 r102.6 97.1 r101.2 r157.3 r106.3
III r111.2 r128.7 r115.7 r113.7 r99.2 r102.3 r96.4 r100.7 r161.7 r106.3
IV r111.4 r130.2 r116.8 r115.1 r99.9 r103.3 r95.7 r101.3 r155.7 r106.3
ANNUAL r110.4 r127.3 r115.3 r113.4 r99.1 r102.7 96.6 r101.1 r157.8 r106.3
1998 I r112.2 r132.1 r117.7 r116.2 r100.6 r103.5 r95.4 r101.4 r153.5 r106.2
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I r1.2 r1.4 r0.2 r1.7 r-1.5 r0.4 r-0.7 r0.1 r13.1 r1.7
II r3.3 r6.9 r3.5 r5.0 r1.2 r1.7 r-2.9 r0.5 r1.1 r0.6
III r2.9 r5.6 r2.6 r3.9 1.4 r0.9 r-1.7 r0.3 r3.0 r0.6
IV 2.1 r5.5 r3.3 r2.9 r-0.4 r0.7 r-0.5 r0.4 r0.3 r0.4
ANNUAL r2.8 4.5 r1.7 r3.1 r0.2 r0.3 r-1.1 r-0.1 r7.7 r0.9
1997 I r1.5 r5.9 4.3 r3.6 r1.3 r2.0 r-0.6 r1.4 r3.2 1.6
II r2.5 r6.3 r3.8 r2.6 r1.3 r0.2 r-0.6 r0.0 r1.7 r0.2
III r5.6 r8.2 r2.4 r4.2 r2.2 r-1.3 r-3.1 r-1.8 r11.8 r0.0
IV r1.0 r4.8 r3.8 r5.0 r2.9 r4.0 r-2.7 r2.3 r-14.1 r-0.1
ANNUAL 2.6 r6.1 r3.5 r3.6 r1.2 r1.0 r-1.3 0.4 r2.1 r0.6
1998 I 2.6 r5.9 r3.2 r3.6 r3.1 r0.9 r-1.1 r0.4 r-5.6 r-0.4
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I r2.9 r3.9 r1.0 r2.5 r-0.3 r-0.4 -0.6 r-0.5 r11.5 r0.9
II r3.2 r4.9 r1.7 r3.1 r0.2 r-0.1 -1.6 r-0.5 r11.1 r0.9
III r2.6 4.4 r1.8 r3.4 r0.5 0.8 -0.9 r0.3 r4.5 r0.9
IV r2.4 4.8 r2.4 r3.4 r0.2 r0.9 r-1.4 0.3 r4.3 r0.8
ANNUAL r2.8 4.5 r1.7 r3.1 r0.2 r0.3 r-1.1 r-0.1 r7.7 r0.9
1997 I r2.5 r5.9 r3.4 r3.8 r0.9 1.3 r-1.4 r0.6 r1.9 0.8
II r2.3 r5.8 r3.5 r3.2 r0.9 r1.0 r-0.8 r0.5 r2.0 r0.7
III r2.9 r6.4 r3.4 r3.3 r1.1 r0.4 r-1.2 0.0 r4.2 r0.5
IV r2.6 r6.3 r3.5 r3.9 r1.9 r1.2 r-1.8 r0.5 r0.2 r0.4
ANNUAL 2.6 r6.1 r3.5 r3.6 r1.2 r1.0 r-1.3 0.4 r2.1 r0.6
1998 I 2.9 r6.3 r3.3 r3.9 r2.4 r0.9 r-1.9 r0.2 r-2.0 r-0.1
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
r=revised Source: Bureau of Labor Statistics
Appendix 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
1993 I 99.9 101.4 101.5 101.6 99.6 101.7 101.8 101.7
II 99.8 102.1 102.3 102.5 99.7 102.7 101.5 102.3
III 99.9 102.8 102.9 102.9 99.6 103.0 102.2 102.7
IV 100.8 104.6 103.7 103.1 99.1 102.3 105.3 103.4
ANNUAL 100.1 102.7 102.6 102.5 99.5 102.4 102.7 102.5
1994 I 100.8 105.2 104.4 104.1 99.6 103.3 104.9 103.9
II 100.8 106.9 106.0 104.1 98.9 103.2 106.5 104.4
III 100.4 107.3 106.8 104.3 98.2 103.8 107.4 105.1
IV 100.7 108.5 107.7 105.1 98.3 104.3 108.3 105.8
ANNUAL 100.7 107.0 106.2 104.4 98.8 103.7 106.8 104.8
1995 I 100.5 109.0 108.5 105.6 98.2 105.1 108.3 106.3
II 100.7 109.1 108.3 106.4 98.1 105.7 108.5 106.7
III 101.0 110.3 109.1 107.2 98.3 106.1 108.9 107.1
IV 101.8 111.2 109.2 108.2 98.6 106.2 109.6 107.4
ANNUAL 101.0 109.9 108.8 106.8 98.4 105.8 108.8 106.9
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1993 I -4.4 -1.2 3.4 1.8 -1.0 6.5 -1.5 3.5
II -0.6 2.7 3.3 3.3 0.3 4.0 -1.2 2.1
III 0.5 2.8 2.2 1.5 -0.4 1.0 2.8 1.6
IV 3.8 7.1 3.2 1.0 -2.2 -2.7 12.9 2.7
ANNUAL 0.1 2.7 2.6 2.5 -0.5 2.4 2.7 2.5
1994 I 0.0 2.6 2.6 4.0 2.0 4.0 -1.5 2.0
II -0.1 6.4 6.5 -0.3 -2.8 -0.2 6.3 2.1
III -1.4 1.5 3.0 0.8 -2.8 2.3 3.4 2.7
IV 1.2 4.6 3.3 3.2 0.7 1.9 3.4 2.5
ANNUAL 0.6 4.1 3.5 1.8 -0.7 1.2 4.0 2.2
1995 I -1.0 2.0 3.0 2.1 -0.5 3.1 -0.3 1.9
II 0.9 0.3 -0.6 3.0 -0.4 2.0 0.7 1.6
III 1.3 4.4 3.1 2.9 0.8 1.5 1.8 1.6
IV 3.2 3.6 0.4 3.8 1.3 0.6 2.5 1.3
ANNUAL 0.3 2.7 2.4 2.3 -0.5 2.0 1.9 2.0
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1993 I 0.3 2.6 2.3 2.8 -0.4 2.4 2.6 2.5
II 0.1 2.5 2.4 3.2 0.1 3.1 1.5 2.5
III 0.2 3.0 2.7 2.3 -0.5 2.0 3.6 2.6
IV -0.2 2.8 3.0 1.9 -0.8 2.1 3.1 2.5
ANNUAL 0.1 2.7 2.6 2.5 -0.5 2.4 2.7 2.5
1994 I 0.9 3.8 2.8 2.5 -0.1 1.5 3.1 2.1
II 1.0 4.7 3.6 1.5 -0.8 0.5 5.0 2.1
III 0.5 4.4 3.8 1.4 -1.5 0.8 5.1 2.4
IV -0.1 3.7 3.8 1.9 -0.7 2.0 2.9 2.3
ANNUAL 0.6 4.1 3.5 1.8 -0.7 1.2 4.0 2.2
1995 I -0.3 3.6 3.9 1.4 -1.4 1.8 3.2 2.3
II -0.1 2.1 2.2 2.3 -0.8 2.3 1.8 2.1
III 0.6 2.8 2.2 2.8 0.1 2.2 1.4 1.9
IV 1.1 2.6 1.4 2.9 0.3 1.8 1.2 1.6
ANNUAL 0.3 2.7 2.4 2.3 -0.5 2.0 1.9 2.0
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
Source: Bureau of Labor Statistics
Appendix 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
1993 I 99.9 101.6 101.7 101.5 99.5 101.6 102.3 101.8
II 99.7 102.3 102.6 102.2 99.4 102.5 101.8 102.3
III 100.0 103.2 103.2 102.5 99.3 102.5 102.9 102.6
IV 100.7 104.8 104.1 102.8 98.8 102.1 105.5 103.3
ANNUAL 100.1 103.0 102.9 102.2 99.3 102.2 103.1 102.5
1994 I 100.7 105.2 104.5 103.9 99.3 103.2 105.0 103.8
II 100.8 106.9 106.1 103.9 98.7 103.1 107.0 104.5
III 100.3 107.3 106.9 104.1 98.0 103.7 108.2 105.3
IV 100.8 108.6 107.8 105.0 98.2 104.2 109.2 106.0
ANNUAL 100.6 107.0 106.3 104.2 98.7 103.6 107.3 104.9
1995 I 100.6 109.2 108.5 105.5 98.1 104.8 109.4 106.4
II 100.9 109.4 108.4 106.2 97.9 105.3 109.7 106.9
III 101.3 110.7 109.2 107.0 98.2 105.6 110.0 107.2
IV 102.0 111.6 109.4 107.9 98.4 105.8 110.3 107.4
ANNUAL 101.2 110.2 108.9 106.7 98.2 105.4 109.9 107.0
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1993 I -4.6 -0.8 3.9 1.1 -1.6 6.0 0.0 3.8
II -1.1 2.6 3.7 2.9 -0.1 4.0 -2.2 1.7
III 1.5 3.9 2.4 1.3 -0.6 -0.2 4.5 1.5
IV 2.7 6.1 3.2 1.1 -2.1 -1.6 10.6 2.6
ANNUAL 0.1 3.0 2.9 2.2 -0.7 2.2 3.1 2.5
1994 I -0.2 1.6 1.8 4.3 2.3 4.5 -1.9 2.1
II 0.5 6.6 6.1 0.2 -2.3 -0.3 7.7 2.5
III -1.8 1.5 3.4 0.5 -3.1 2.4 4.6 3.2
IV 1.8 5.0 3.1 3.5 1.0 1.7 3.8 2.4
ANNUAL 0.5 3.9 3.3 1.9 -0.6 1.4 4.1 2.3
1995 I -0.4 2.5 2.9 2.0 -0.6 2.5 0.8 1.9
II 0.9 0.5 -0.5 2.8 -0.6 1.8 1.1 1.6
III 1.8 4.9 3.1 3.1 0.9 1.2 1.3 1.2
IV 2.6 3.3 0.7 3.5 1.0 0.9 1.0 0.9
ANNUAL 0.6 3.0 2.4 2.4 -0.5 1.8 2.3 2.0
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1993 I 0.4 2.8 2.4 2.7 -0.5 2.3 3.2 2.6
II -0.1 2.7 2.8 2.8 -0.3 2.9 1.8 2.5
III 0.4 3.5 3.0 1.9 -0.9 1.5 4.5 2.5
IV -0.4 2.9 3.3 1.6 -1.1 2.0 3.1 2.4
ANNUAL 0.1 3.0 2.9 2.2 -0.7 2.2 3.1 2.5
1994 I 0.7 3.6 2.8 2.4 -0.1 1.6 2.6 2.0
II 1.1 4.5 3.4 1.7 -0.7 0.6 5.1 2.2
III 0.3 3.9 3.6 1.5 -1.3 1.2 5.1 2.6
IV 0.1 3.6 3.6 2.1 -0.6 2.0 3.5 2.6
ANNUAL 0.5 3.9 3.3 1.9 -0.6 1.4 4.1 2.3
1995 I 0.0 3.8 3.9 1.5 -1.3 1.6 4.2 2.5
II 0.1 2.3 2.2 2.2 -0.8 2.1 2.5 2.2
III 1.0 3.2 2.1 2.8 0.2 1.8 1.7 1.8
IV 1.2 2.8 1.5 2.8 0.2 1.6 1.0 1.4
ANNUAL 0.6 3.0 2.4 2.4 -0.5 1.8 2.3 2.0
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
Source: Bureau of Labor Statistics
Appendix 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
1993 I 101.9 102.7 100.8 101.5 99.5 99.6
II 101.8 103.0 101.2 102.5 99.7 100.7
III 101.7 103.3 101.5 103.4 100.1 101.6
IV 102.6 104.7 102.0 104.3 100.2 101.6
ANNUAL 102.0 103.4 101.4 102.9 99.9 100.9
1994 I 104.0 106.3 102.2 105.3 100.7 101.3
II 105.2 108.4 103.1 105.3 100.0 100.1
III 105.6 109.9 104.0 105.9 99.7 100.3
IV 106.5 111.9 105.1 106.7 99.8 100.1
ANNUAL 105.3 109.1 103.6 105.8 100.1 100.4
1995 I 107.8 113.3 105.1 107.2 99.7 99.5
II 109.1 113.4 103.9 108.0 99.6 99.0
III 110.4 114.5 103.7 108.8 99.8 98.5
IV 111.2 115.0 103.4 109.3 99.6 98.3
ANNUAL 109.6 114.1 104.0 108.3 99.7 98.8
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1993 I 2.6 4.2 1.5 1.8 -1.0 -0.7
II -0.6 1.0 1.6 3.9 0.9 4.6
III -0.2 1.1 1.3 3.4 1.5 3.6
IV 3.7 5.9 2.1 3.7 0.4 0.0
ANNUAL 2.0 3.4 1.4 2.9 -0.1 0.9
1994 I 5.3 6.1 0.8 3.8 1.8 -1.4
II 4.8 8.3 3.3 0.1 -2.4 -4.5
III 1.5 5.3 3.7 2.2 -1.5 0.7
IV 3.5 7.8 4.1 3.0 0.5 -0.5
ANNUAL 3.3 5.5 2.2 2.8 0.2 -0.5
1995 I 4.8 4.9 0.1 2.1 -0.5 -2.5
II 5.1 0.6 -4.3 3.1 -0.3 -2.0
III 4.7 3.7 -0.9 2.8 0.6 -1.8
IV 3.0 1.9 -1.0 1.8 -0.6 -1.1
ANNUAL 4.1 4.5 0.4 2.4 -0.4 -1.6
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1993 I 3.5 4.8 1.3 2.9 -0.2 -0.6
II 2.1 3.1 1.0 2.8 -0.3 0.7
III 1.1 2.7 1.6 2.7 -0.1 1.5
IV 1.4 3.0 1.6 3.2 0.5 1.8
ANNUAL 2.0 3.4 1.4 2.9 -0.1 0.9
1994 I 2.0 3.5 1.4 3.7 1.2 1.7
II 3.4 5.3 1.9 2.7 0.3 -0.6
III 3.8 6.4 2.5 2.4 -0.4 -1.3
IV 3.8 6.9 3.0 2.3 -0.4 -1.5
ANNUAL 3.3 5.5 2.2 2.8 0.2 -0.5
1995 I 3.7 6.6 2.8 1.8 -1.0 -1.7
II 3.7 4.6 0.8 2.6 -0.4 -1.1
III 4.5 4.2 -0.3 2.7 0.1 -1.7
IV 4.4 2.8 -1.5 2.4 -0.2 -1.9
ANNUAL 4.1 4.5 0.4 2.4 -0.4 -1.6
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
Source: Bureau of Labor Statistics
Appendix 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
1993 I 103.7 104.4 100.7 101.6 99.6 98.0
II 104.4 105.4 101.0 102.8 100.0 98.4
III 104.0 105.8 101.7 103.6 100.3 99.6
IV 106.3 108.9 102.5 104.6 100.5 98.5
ANNUAL 104.6 106.1 101.5 103.2 100.2 98.6
1994 I 107.9 111.1 103.0 105.4 100.8 97.7
II 109.3 113.7 104.0 105.3 100.0 96.3
III 110.3 116.1 105.3 105.7 99.5 95.9
IV 111.5 118.9 106.7 106.5 99.7 95.5
ANNUAL 109.7 114.9 104.7 105.7 100.1 96.3
1995 I 113.4 121.0 106.7 107.1 99.6 94.5
II 114.6 121.3 105.9 107.7 99.3 94.0
III 116.3 123.4 106.1 108.2 99.2 93.0
IV 117.7 125.0 106.2 108.2 98.7 92.0
ANNUAL 115.5 122.7 106.2 107.8 99.3 93.4
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1993 I 6.5 8.2 1.7 2.6 -0.3 -3.7
II 2.9 3.9 1.0 4.5 1.5 1.6
III -1.8 1.2 3.0 3.2 1.3 5.0
IV 9.1 12.4 3.0 4.3 1.0 -4.5
ANNUAL 4.6 6.1 1.5 3.2 0.2 -1.4
1994 I 6.2 8.2 1.9 3.0 1.0 -3.0
II 5.5 9.7 4.0 -0.5 -3.0 -5.6
III 3.6 8.9 5.1 1.7 -2.0 -1.9
IV 4.3 9.9 5.4 2.9 0.5 -1.3
ANNUAL 4.9 8.3 3.2 2.5 -0.1 -2.3
1995 I 7.0 7.3 0.3 2.3 -0.3 -4.4
II 4.4 1.2 -3.1 2.3 -1.1 -2.0
III 6.2 6.8 0.6 1.9 -0.2 -4.0
IV 4.8 5.4 0.6 0.1 -2.3 -4.4
ANNUAL 5.2 6.7 1.4 2.0 -0.8 -3.1
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1993 I 6.2 7.3 1.0 3.0 -0.1 -3.0
II 4.7 5.7 0.9 3.0 -0.1 -1.6
III 3.4 5.3 1.8 2.9 0.1 -0.5
IV 4.1 6.3 2.2 3.6 0.9 -0.5
ANNUAL 4.6 6.1 1.5 3.2 0.2 -1.4
1994 I 4.0 6.3 2.2 3.7 1.2 -0.3
II 4.7 7.8 3.0 2.5 0.1 -2.1
III 6.1 9.8 3.5 2.1 -0.8 -3.8
IV 4.9 9.2 4.1 1.8 -0.9 -3.0
ANNUAL 4.9 8.3 3.2 2.5 -0.1 -2.3
1995 I 5.1 8.9 3.7 1.6 -1.2 -3.3
II 4.8 6.8 1.9 2.3 -0.7 -2.4
III 5.5 6.3 0.8 2.3 -0.3 -3.0
IV 5.6 5.2 -0.4 1.6 -1.0 -3.7
ANNUAL 5.2 6.7 1.4 2.0 -0.8 -3.1
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
Source: Bureau of Labor Statistics
Appendix 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
1993 I 100.3 101.1 100.8 101.3 99.3 101.1
II 99.2 100.7 101.5 102.1 99.4 103.0
III 99.8 101.0 101.2 103.0 99.7 103.2
IV 99.3 100.8 101.5 103.7 99.6 104.4
ANNUAL 99.6 100.9 101.2 102.5 99.6 102.9
1994 I 100.5 101.8 101.3 104.9 100.3 104.4
II 101.5 103.5 101.9 105.1 99.9 103.5
III 101.4 103.8 102.4 105.8 99.6 104.4
IV 102.1 105.1 103.0 106.6 99.7 104.4
ANNUAL 101.4 103.5 102.1 105.6 100.0 104.2
1995 I 102.5 105.5 102.9 107.1 99.5 104.4
II 104.0 105.4 101.3 108.1 99.7 103.9
III 104.8 105.4 100.6 109.1 100.1 104.1
IV 105.1 104.8 99.7 110.3 100.5 104.9
ANNUAL 104.1 105.3 101.1 108.6 100.0 104.3
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1993 I -1.2 0.1 1.3 0.7 -2.1 2.0
II -4.2 -1.9 2.5 3.2 0.2 7.8
III 2.3 1.3 -0.9 3.3 1.4 1.0
IV -1.7 -0.8 0.9 2.7 -0.6 4.5
ANNUAL -0.4 0.9 1.2 2.5 -0.4 2.9
1994 I 4.7 3.9 -0.7 4.8 2.8 0.1
II 4.3 6.9 2.4 0.8 -1.7 -3.4
III -0.6 1.4 2.0 2.8 -0.9 3.4
IV 2.7 5.1 2.3 2.8 0.4 0.1
ANNUAL 1.7 2.6 0.9 3.0 0.4 1.2
1995 I 1.8 1.7 -0.1 1.8 -0.8 0.0
II 5.9 -0.5 -6.0 4.0 0.6 -1.8
III 3.0 -0.1 -3.0 3.9 1.7 0.8
IV 1.1 -2.2 -3.3 4.3 1.8 3.1
ANNUAL 2.7 1.7 -1.0 2.9 0.0 0.2
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1993 I 1.2 2.8 1.6 2.8 -0.3 1.7
II -0.5 0.8 1.3 2.5 -0.6 2.9
III -0.9 0.3 1.2 2.4 -0.4 3.2
IV -1.2 -0.3 0.9 2.5 -0.3 3.8
ANNUAL -0.4 0.9 1.2 2.5 -0.4 2.9
1994 I 0.2 0.6 0.4 3.5 1.0 3.3
II 2.4 2.8 0.4 2.9 0.5 0.5
III 1.6 2.8 1.1 2.8 -0.1 1.1
IV 2.8 4.3 1.5 2.8 0.1 0.0
ANNUAL 1.7 2.6 0.9 3.0 0.4 1.2
1995 I 2.1 3.7 1.6 2.1 -0.8 0.0
II 2.4 1.9 -0.5 2.9 -0.2 0.4
III 3.3 1.5 -1.8 3.1 0.5 -0.2
IV 2.9 -0.3 -3.1 3.5 0.8 0.5
ANNUAL 2.7 1.7 -1.0 2.9 0.0 0.2
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
Source: Bureau of Labor Statistics
Appendix 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
1993 I 100.2 101.5 101.3 101.4 99.4 101.2 99.9 100.8 105.4 101.3
II 100.9 102.8 101.9 101.9 99.2 101.1 99.1 100.6 110.1 101.4
III 101.2 103.8 102.6 102.2 99.0 101.0 99.5 100.6 112.6 101.7
IV 102.1 105.7 103.5 102.4 98.4 100.3 99.0 100.0 124.8 102.2
ANNUAL 101.1 103.4 102.3 102.0 99.1 100.9 99.4 100.5 113.3 101.7
1994 I 103.7 108.1 104.2 103.7 99.2 100.0 101.5 100.4 126.9 102.8
II 103.1 109.1 105.8 103.7 98.6 100.6 98.8 100.1 132.4 103.1
III 103.0 110.2 107.0 103.9 97.8 100.9 99.5 100.5 136.3 103.7
IV 103.7 112.3 108.3 104.5 97.8 100.8 99.1 100.3 142.1 104.1
ANNUAL 103.5 109.9 106.2 104.1 98.5 100.6 99.7 100.3 134.5 103.4
1995 I 103.3 112.9 109.2 105.1 97.7 101.7 99.3 101.1 137.9 104.4
II 104.0 113.7 109.4 105.8 97.5 101.7 99.6 101.2 138.7 104.6
III 105.3 115.7 110.0 106.4 97.6 101.1 98.4 100.4 148.5 104.8
IV 106.0 116.9 110.2 107.3 97.8 101.1 98.8 100.5 149.0 104.9
ANNUAL 104.7 114.8 109.6 106.2 97.8 101.4 99.0 100.8 143.6 104.7
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1993 I -4.5 -2.1 2.5 0.7 -2.1 5.4 4.7 5.2 -12.2 3.4
II 2.7 5.2 2.5 2.3 -0.7 -0.4 -3.1 -1.1 19.1 0.7
III 1.3 4.2 2.8 1.0 -0.9 -0.3 1.6 0.1 9.5 1.0
IV 3.6 7.3 3.6 1.1 -2.1 -2.5 -2.0 -2.4 51.0 2.2
ANNUAL 1.1 3.4 2.3 2.0 -0.9 0.9 -0.6 0.5 13.3 1.7
1994 I 6.5 9.4 2.7 5.1 3.1 -1.4 10.4 1.6 6.8 2.1
II -2.3 3.9 6.4 0.1 -2.4 2.5 -10.2 -1.0 18.5 1.1
III -0.5 4.0 4.5 0.5 -3.1 1.0 2.7 1.4 12.6 2.7
IV 2.9 8.1 5.0 2.6 0.2 -0.3 -1.4 -0.6 18.1 1.5
ANNUAL 2.3 6.3 3.9 2.0 -0.6 -0.3 0.3 -0.2 18.7 1.8
1995 I -1.5 1.9 3.5 2.1 -0.5 3.7 0.6 2.9 -11.5 1.0
II 2.4 3.0 0.6 2.6 -0.8 0.2 1.1 0.4 2.4 0.7
III 5.1 7.3 2.1 2.6 0.5 -2.3 -4.7 -2.9 31.6 0.8
IV 3.0 4.0 1.0 3.1 0.6 0.0 1.8 0.5 1.4 0.6
ANNUAL 1.2 4.4 3.2 2.1 -0.8 0.9 -0.7 0.4 6.8 1.2
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1993 I 0.8 2.9 2.1 2.5 -0.6 1.7 -0.5 1.2 7.6 1.7
II 1.6 3.5 1.9 2.5 -0.6 0.9 -0.5 0.5 11.4 1.5
III 1.1 3.7 2.5 1.6 -1.2 0.5 -1.7 -0.1 19.5 1.6
IV 0.7 3.6 2.8 1.2 -1.5 0.5 0.3 0.4 14.7 1.8
ANNUAL 1.1 3.4 2.3 2.0 -0.9 0.9 -0.6 0.5 13.3 1.7
1994 I 3.5 6.5 2.9 2.3 -0.2 -1.2 1.6 -0.5 20.4 1.5
II 2.2 6.2 3.9 1.8 -0.6 -0.5 -0.3 -0.4 20.3 1.6
III 1.8 6.1 4.3 1.6 -1.2 -0.1 0.0 -0.1 21.1 2.0
IV 1.6 6.3 4.6 2.0 -0.6 0.4 0.1 0.3 13.9 1.8
ANNUAL 2.3 6.3 3.9 2.0 -0.6 -0.3 0.3 -0.2 18.7 1.8
1995 I -0.4 4.4 4.8 1.3 -1.5 1.7 -2.2 0.7 8.7 1.6
II 0.8 4.2 3.4 1.9 -1.1 1.1 0.7 1.0 4.8 1.5
III 2.2 5.1 2.8 2.5 -0.1 0.3 -1.1 -0.1 8.9 1.0
IV 2.2 4.1 1.8 2.6 0.0 0.4 -0.3 0.2 4.9 0.8
ANNUAL 1.2 4.4 3.2 2.1 -0.8 0.9 -0.7 0.4 6.8 1.2
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 11, 1998
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 30
days after the close of the reference period; revisions appear 30 days later,
and second revisions after an additional 60 days.
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) Compensation per hour adjusted for changes in the Consumer Price Index
for All Urban Consumers.
(3) Unit nonlabor payments include profits, capital consumption allowances,
interest, rental income of persons, and indirect taxes.
(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 capital consumption allowances, interest,
rental income of persons, and indirect taxes. For nonfinancial
corporations, rental income of persons is zero by definition.
(7) Total unit costs are the sum of unit labor and nonlabor costs.
(8) Unit profits include corporate profits with inventory valuation and
capital consumption adjustments.