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Economic News Release
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Productivity and Costs News Release



Transmission of material in this release is embargoed until                                  USDL 20-1555
8:30 a.m. (ET) Friday, August 14, 2020

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


                                     PRODUCTIVITY AND COSTS 
                                Second Quarter 2020, Preliminary

Nonfarm business sector labor productivity increased 7.3 percent in the second quarter of 2020, the 
U.S. Bureau of Labor Statistics reported today, as output decreased 38.9 percent and hours worked 
decreased 43.0 percent. (All quarterly percent changes in this release are seasonally adjusted annual 
rates, and show what the percent change would be if the quarterly rate continued for four quarters.) In 
the four quarters from the second quarter of 2019 to the second quarter of 2020, productivity increased 
2.2 percent, reflecting an 11.8-percent decrease in output and a 13.7-percent decrease in hours worked. 
(See table A1.) 

Unit labor costs in the nonfarm business sector increased at an annual rate of 12.2 percent in the second 
quarter of 2020, following an increase of 9.8 percent in the first quarter. Unit labor costs increased 5.7 
percent over the last four quarters. 

===========================================================================================================
                                   Historical Revisions to Productivity and Costs Data

Data in this release reflect the 2020 Annual Update of the National Income and Product Accounts 
(NIPA) released by the Bureau of Economic Analysis of the U.S. Department of Commerce on July 30, 
2020, and revised measures of output for the manufacturing sectors released by BLS on July 21, 2020. 
See “Revised measures” section.
===========================================================================================================

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of 
hours worked by all persons, including employees, proprietors, and unpaid family workers. The 7.3-
percent increase in nonfarm business sector labor productivity in the second quarter of 2020 was the 
largest quarterly increase since the second quarter of 2009, when output per hour increased 8.5 percent. 
The declines in both output and hours worked in the second quarter of 2020 were the largest in these 
series, which begin with data for first-quarter 1947.

BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. Increases in 
hourly compensation tend to increase unit labor costs, and increases in labor productivity tend to reduce 
unit labor costs. The 12.2-percent increase in unit labor costs in second-quarter 2020 was the largest 
increase in this measure since the first quarter of 2014 (12.4 percent), and reflects a 20.4-percent 
increase in hourly compensation and a 7.3-percent increase in productivity. (See tables A1 and 2.) 

Manufacturing sector labor productivity decreased at a 15.5 percent annual rate in the second quarter 
of 2020, as output fell 47.0 percent and hours worked dropped 37.3 percent. These were the largest 
quarterly declines in each of these series, which begin with data for 1987. Total manufacturing sector 
productivity declined 4.1 percent over the last four quarters, as output decreased 15.8 percent and hours 
worked decreased 12.2 percent. Productivity decreased 28.4 percent in the durable manufacturing sector 
in the second quarter of 2020, reflecting a 58.1-percent decrease in output and a 41.5-percent decrease in 
hours worked. Productivity decreased 4.9 percent in the nondurable manufacturing sector, as output 
decreased 33.2 percent and hours worked decreased 29.8 percent. (See tables A1, 3, 4 and 5.) 

Unit labor costs in the total manufacturing sector increased 31.1 percent in the second quarter of 2020, 
and increased 9.4 percent from the same quarter a year ago. The increase in unit labor costs in the 
second quarter of 2020 was the largest in the series for total manufacturing, as were unit labor cost 
increases in the durable manufacturing and nondurable manufacturing sectors. (See table A1.)

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

Revised measures

Measures of output for the business, nonfarm business, and nonfinancial corporate sectors, and measures 
of compensation for all sectors, incorporate revised National Income and Product Accounts (NIPA) data 
released on July 30 by the Bureau of Economic Analysis, U.S. Department of Commerce. Measures of 
output for the manufacturing sectors incorporate revised annual benchmark data through 2018 released 
July 21 by BLS that incorporate Census Bureau Annual Survey of Manufactures data. As a result, all 
measures incorporating output, including labor productivity and unit labor costs, were revised back to 
2015 for the business and nonfarm business sectors, back to 1999 for the nonfinancial corporate sector, 
and back to 1987 for the manufacturing sector. Because nonfinancial corporate sector output was revised 
in the index base year of 2012, all measures incorporating output were subject to further revision back to 
1947; resulting revisions to percent changes are small. 

Measures of hours worked for all sectors incorporate regular updates of source data for the first quarter 
of 2020. Hours worked and related measures for the business and nonfarm business sectors were revised 
back to 2013 due to revised NIPA data on government enterprises employment and on the proportion of 
industry compensation paid to employees of nonprofit institutions. Hours worked and related measures 
were subject to revision back to 2015 for the nonfinancial corporate sector due to the incorporation of 
revised NIPA data on the proportion of industry compensation paid to employees of corporations.
Table B1 presents revised and previous labor productivity and related measures for the nonfarm 
business, business, and manufacturing sectors for the first quarter of 2020. Table A2 presents these 
measures for the nonfinancial corporate sector.

Nonfarm business sector productivity decreased 0.3 percent in the first quarter of 2020, a smaller 
decline than previously reported (-0.9 percent), reflecting a 0.5-percentage point downward revision to 
hours worked and a 0.1-percentage point upward revision to output. (See table B1.) A large upward 
revision to first-quarter unit labor costs--from an increase of 5.1 percent to an increase of 9.8 percent--
reflected a 5.2-percentage point upward revision to hourly compensation that was partially offset by the 
0.6-percentage point upward revision to productivity. Hourly compensation increased at a 9.4-percent 
annual rate in the first quarter of 2020, and real hourly compensation increased 8.1 percent.

Manufacturing sector productivity was revised up and increased 1.6 percent in the first quarter of 
2020, as output declined less and hours worked declined more than previously reported. Productivity 
was also revised up in both the durable and nondurable manufacturing subsectors. In the first quarter of 
2020, total manufacturing unit labor costs increased 4.6 percent rather than increasing 6.9 percent as 
reported June 4, reflecting a 1.1-percentage point downward revision to hourly compensation and a 1.3-
percentage point upward revision to productivity. (See table B1.)  

Nonfinancial corporate sector productivity growth was revised up in the first quarter of 2020, to an 
increase of 0.3 percent, rather than the previously published decline of 1.3 percent. This revision was 
due both to a 1.1-percentage point upward revision to output and a 0.5-percentage point downward 
revision to hours worked; output declined 3.9 percent and hours worked decreased 4.2 percent.  
Productivity in nonfinancial corporations increased 0.4 percent from the first quarter of 2019 to the first 
quarter of 2020. Unit labor costs in the nonfinancial corporate sector were revised upward to an increase 
of 8.0 percent in the first quarter of 2020 from a preliminary estimate of 5.6 percent, as a large upward 
revision to hourly compensation was partially offset by an upward revision to productivity. Unit labor 
costs increased 2.5 percent from the same quarter last year. (See table A2.) Unit profits were revised 
down 0.9-percentage point and declined at a 44.2-percent annual rate in first-quarter 2020. (See table 6.)

Annual averages

Table C1 presents annual data for the nonfarm business, total manufacturing, and nonfinancial corporate 
sectors from 2017 to 2019. Annual average percent changes compare average annual indexes from one 
year to the next.

Annual average productivity in the nonfarm business sector increased 1.7 percent in 2019, rather than 
increasing 1.9 percent as previously reported. Productivity increased 1.4 percent in 2018 and 1.2 percent 
in 2017. The average annual rate of productivity growth from 2007 to 2019--representing the most 
recent business cycle--was unchanged at 1.4 percent. Unit labor costs were revised up 0.1 percentage 
point to increases of 1.9 percent in both 2019 and 2018. (See table C1.) 

Annual average manufacturing sector productivity grew 0.1 percent in 2019 as previously reported, 
and was revised down slightly to a 0.3-percent increase in 2018. The average annual rate of 
manufacturing productivity growth from 2007 to 2019 was revised up 0.1 percentage point, to 0.5 
percent. A downward revision to unit labor costs of 0.5 percentage point in 2019, resulting in a 2.8-
percent increase in this measure, reflected a similar downward revision to hourly compensation. 
Manufacturing sector unit labor costs increased 1.8 percent in 2018 and 3.6 percent in 2017. (See tables 
C1, 3, 4, and 5.)

Annual average productivity in the nonfinancial corporate sector was revised downward in 2019, from 
a 1.9-percent increase to a 0.6-percent increase. Productivity was revised up in both 2018 and 2017, 
from no change to a 0.6 percent increase in 2018, and from a 0.3-percent increase to a 0.9-percent 
increase in 2017. (See tables C1 and 6.) The average annual rate of productivity growth in the 
nonfinancial corporate sector from 2007 to 2019 was unrevised at 0.8 percent per year. 

Appendix tables 1-6 and tables 1-6 present quarterly and annual data from first-quarter 2015 to second-
quarter 2020. Complete quarterly and annual data series can be found on the Productivity and Costs 
home page: www.bls.gov/lpc/#data.
______________
The revised Productivity and Costs news release for second-quarter 2020 is scheduled to be 
released on Thursday, September 3, 2020 at 8:30 a.m. (ET).

===========================================================================================================
                             Coronavirus (COVID-19) Pandemic Impact on Productivity Data

BLS quarterly estimates of labor productivity combine output data with hours worked data based 
primarily on BLS Current Employment Statistics (CES) survey and supplemented with data from the 
Current Population Survey (CPS). The March reference period for these surveys largely predated many 
of the COVID-19-related job losses that occurred in the latter part of March. To capture these job losses, 
adjustments were made to employment and hours using supplementary data. Hours worked and related 
measures--including labor productivity--for the first quarter of 2020 reflect these adjustments.

Given the continued rapid changes in the economy, BLS explored the possibility of adjusting second 
quarter (Q2) estimates. BLS compared several adjustment methods for Q2 and found that the economic 
movements between April and June tended to be offsetting resulting in Q2 results that were similar to 
the usual methodology.  Therefore no adjustments were made to Q2. For more information see 
www.bls.gov/covid19/productivity-and-costs-covid19-impacts-second-quarter-2020-preliminary.htm.
===========================================================================================================





=========================================================================================================================
Table A1. Labor productivity growth and related measures - preliminary second-quarter 2020
(percent change from previous quarter at annual rate and from same quarter a year ago)


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                  Percent change from:    productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business        Previous quarter           7.3         -38.9    -43.0       20.4            24.8         12.2
                        A year ago                 2.2         -11.8    -13.7        8.0             7.5          5.7
                        
Business                Previous quarter           6.6         -38.7    -42.5       19.7            24.1         12.3
                        A year ago                 2.0         -11.6    -13.4        7.7             7.2          5.6
                        
Manufacturing           Previous quarter         -15.5         -47.0    -37.3       10.7            14.8         31.1
                        A Year ago                -4.1         -15.8    -12.2        5.0             4.5          9.4
 Durable
 manufacturing          Previous quarter         -28.4         -58.1    -41.5        8.9            12.9         52.2
                        A year ago                -8.8         -21.6    -14.1        4.5             4.0         14.5
 Nondurable
 manufacturing          Previous quarter          -4.9         -33.2    -29.8       16.0            20.3         22.0
                        A year ago                -0.5          -9.5     -9.0        6.4             6.0          6.9
=========================================================================================================================


=========================================================================================================================
Table A2. Labor productivity growth and related measures - revised and previously published first-quarter 2020
(percent change from previous quarter at annual rate)


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                                          productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------       
Nonfinancial             Revised                   0.3         -3.9     -4.2        8.4             7.1           8.0
corporate          Previously published           -1.3         -5.0     -3.7        4.2             3.0           5.6
=========================================================================================================================


=========================================================================================================================
Table B1. Labor productivity growth and related measures - revised and previously published first-quarter 2020
(percent change from previous quarter at annual rate)


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                                          productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business        Revised                   -0.3         -6.4     -6.1        9.4             8.1           9.8
                   Previously published           -0.9         -6.5     -5.6        4.2             2.9           5.1
                        
Business                Revised                    0.0         -6.0     -6.0        9.2             7.9           9.2
                   Previously published           -0.7         -6.3     -5.6        3.9             2.7           4.7
                        
Manufacturing           Revised                    1.6         -5.6     -7.0        6.2             4.9           4.6
                   Previously published            0.3         -6.3     -6.6        7.3             6.0           6.9

 Durable                Revised                   -2.5         -9.7     -7.4        4.6             3.3           7.3
 manufacturing     Previously published           -3.5        -10.2     -6.9        7.5             6.2          11.4
                        
 Nondurable             Revised                    5.8         -1.0     -6.4        9.6             8.3           3.6
 manufacturing     Previously published            4.3         -2.0     -6.1        6.8             5.5           2.4
=========================================================================================================================


=========================================================================================================================
Table C1. Labor productivity growth and related measures – revised and previous annual average changes: 2017-2019


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector           Year                           productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm          2019           Revised            1.7          2.5      0.7        3.6             1.8           1.9
business                 Previously published      1.9          2.7      0.7        3.8             1.9           1.8
                         
                                
                 2018           Revised            1.4          3.5      2.0        3.4             0.9           1.9
                         Previously published      1.4          3.5      2.0        3.3             0.8           1.8
                         

                 2017           Revised            1.2          2.8      1.5        3.5             1.3           2.2 
                         Previously published      1.3          2.9      1.5        3.5             1.3           2.1
                         
                                
Manufacturing    2019           Revised            0.1          0.0     -0.1        2.9             1.1           2.8
                         Previously published      0.1          0.0     -0.1        3.4             1.5           3.3
                         
                        
                 2018           Revised            0.3          2.2      1.9        2.1            -0.3           1.8
                         Previously published      0.4          2.3      1.9        2.2            -0.3           1.8
                         

                 2017           Revised           -0.4          0.6      1.0        3.2             1.1           3.6
                         Previously published     -0.4          0.6      1.0        3.6             1.4           4.0
                         
                                                   0.6          1.6      0.9        3.7             1.9           3.1
Nonfinancial     2019           Revised            1.9          2.8      0.9        3.5             1.6           1.5
corporate                Previously published
                         

                 2018          Revised             0.6          2.6      1.9        3.5             1.0           2.8
                        Previously published       0.0          1.9      1.9        3.4             1.0           3.4
                        
                        
                 2017           Revised            0.9          2.6      1.7        3.3             1.1           2.4
                         Previously published      0.3          2.0      1.7        3.3             1.1           3.0
=========================================================================================================================



					TECHNICAL NOTES


Labor Hours

Hours worked data for the labor productivity and cost measures include hours worked for all persons 
working in the sector—wage and salary workers, the self-employed and unpaid family workers. The 
primary source of hours and employment data is the BLS Current Employment Statistics (CES) 
program, which provides monthly survey data on the number of jobs held by wage and salary workers in 
nonfarm establishments, counting a person who is employed by two or more establishments at each 
place of employment. The CES also provides average weekly paid hours of production and 
nonsupervisory workers in these establishments. Weekly paid hours are adjusted to hours worked using 
data from the National Compensation Survey (NCS) for 1996 forward and data from the BLS Hours at 
Work survey, conducted for this purpose, prior to 1990. Between 1990 and 1995, weekly paid hours are 
adjusted to hours at work using a combination of NCS and Hours at Work survey data. 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 to estimate hours worked for farm labor, nonfarm proprietors, and nonfarm 
unpaid family workers. Using CPS information on employment and hours worked at primary jobs and 
all other jobs, separately, the BLS productivity measures assign all hours worked to the appropriate 
industrial sector. Hours for government enterprises are derived from the CPS, the CES, and the National 
Income and Product Accounts (NIPA) prepared by the Bureau of Economic Analysis (BEA) of the 
Department of Commerce. 

Detailed hours data are presented in the table “Hours Worked in Total U.S. Economy and Subsectors” 
on the BLS website (https://www.bls.gov/lpc/special_requests/us_total_hrs_emp.xlsx).

Output

Business sector output is a chain-type, current-weighted index constructed after excluding from gross 
domestic product (GDP) the following outputs: general government, nonprofit institutions, and private 
households (including owner-occupied housing). Corresponding exclusions also are made in labor hours 
worked. Business output accounted for about 78 percent of the value of GDP in 2019. Nonfarm 
business, which excludes farming, accounted for about 77 percent of GDP in 2019.

Annual indexes for manufacturing and its durable and nondurable goods components are constructed by 
deflating current-dollar industry value of production data from the U.S. Bureau of the Census with 
deflators from the BLS. These deflators are based on data from the BLS Producer Price Index 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 indexes 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. 

Nonfinancial corporate output is a chain-type, current-weighted index calculated on the basis of the 
costs incurred and the incomes earned from production.  The output measure excludes the following 
outputs from GDP: general government; nonprofit institutions; private households; unincorporated 
business; and those corporations classified as offices of bank holding companies, offices of other 
holding companies, or offices in the finance and insurance sector. Nonfinancial corporations accounted 
for about 50 percent of the value of GDP in 2019. 


Labor Productivity

The measure describes the relationship between real output and the labor time involved in its production. 
Measures of labor productivity growth show the changes from period to period in the amount of goods 
and services produced per hour worked. They reflect the joint effects of many influences, including 
changes in technology; capital investment; level of output; utilization of capacity, energy, and materials; 
the organization of production; managerial skill; and the characteristics and effort of the work force.

Labor Compensation

The measure includes accrued wages and salaries, supplements, employer contributions to employee 
benefit plans, and taxes. Estimates of labor compensation by major sector, required for measures of 
hourly compensation and unit labor costs, are based primarily on employee compensation data from the 
NIPA, prepared by the BEA. The compensation of employees in general government, nonprofit 
institutions and private households are subtracted from compensation of employees in domestic 
industries to derive employee compensation for the business sector. The labor compensation of 
proprietors cannot be explicitly identified and must be estimated. This is done by assuming that 
proprietors have the same hourly compensation as employees in the same sector. The quarterly labor 
productivity and cost measures do not contain estimates of compensation for unpaid family workers.  
      
Unit Labor Costs

These measures describe the relationship between compensation per hour and labor productivity, or real 
output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in 
hourly compensation increase unit labor costs; labor productivity increases offset compensation 
increases and lower unit labor costs. 

Presentation of the data

The quarterly data in this release are presented in three ways: as percent changes from the previous 
quarter presented at a compound annual rate, as percent changes from the corresponding quarter of the 
previous year, and as index number series where 2012=100. Annual data are presented both as index 
number series and percent changes from the previous year.  

The index numbers and rates of change reported in the productivity and costs news release are rounded 
to one decimal place. All percent changes in this release and on the BLS web site are calculated using 
index numbers to three decimal places. A complete historical series of these index numbers are available 
at the BLS web site, www.bls.gov/data/home.htm, or by contacting the BLS Division of Major Sector 
Productivity (Telephone 202-691-5606 or email productivity@bls.gov).

For a more detailed explanation of methodology see "Technical Information About the Major Sector 
Productivity and Costs Methods" at www.bls.gov/lpc/lpcmethods.pdf.
      
Information in this release will be made available to sensory-impaired individuals upon request. Voice 
phone: 202-691-5200; Federal Relay Service number: 1-800-877-8339.



Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted.
                                                          Real
                                               Hourly     hourly                Unit       Implicit
Year          Labor                            compen-    compen-     Unit      nonlabor   price
and           produc-               Hours      sation     sation      labor     payments   deflator
quarter       tivity     Output     worked     (1)        (2)         costs     (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2020 II        6.6       -38.7      -42.5       19.7       24.1       12.3      -24.2       -4.5  
     I         0.0 r      -6.0 r     -6.0 r      9.2 r      7.9 r      9.2 r     -9.4 r      0.8 r

2019 ANNUAL    1.7 r       2.4 r      0.7        3.6 r      1.8 r      1.9 r      0.9 r      1.5 r

2019 IV        1.4 r       2.8 r      1.4        3.1 r      0.7 r      1.7 r      0.6 r      1.2 r
     III       0.2 r       2.9 r      2.7       -0.1 r     -1.9 r     -0.3 r      2.9 r      1.1 r
     II        2.2 r       1.3 r     -0.9        1.7 r     -1.3 r     -0.5 r      7.8 r      3.0  
     I         3.6 r       3.6 r      0.0        8.8 r      7.9 r      5.0 r     -5.4 r      0.4 r

2018 ANNUAL    1.6 r       3.5 r      1.9        3.4        0.9        1.8 r      2.7 r      2.2 r

2018 IV        0.7 r       1.5 r      0.8        1.5 r      0.3 r      0.9 r      2.2 r      1.4 r
     III       0.1 r       2.3 r      2.1        4.7 r      2.5 r      4.5 r     -3.0 r      1.1 r
     II        1.7 r       3.0 r      1.3        1.7 r     -0.5 r     -0.1 r      8.4 r      3.6  
     I         2.9 r       4.5 r      1.6        2.7 r     -0.6 r     -0.2 r      5.0 r      2.0  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2020 II        2.0       -11.6      -13.4        7.7        7.2        5.6       -8.2       -0.4  
     I         0.9 r       0.2 r     -0.8 r      3.4 r      1.3 r      2.4 r      0.3 r      1.5  

2019 ANNUAL    1.7 r       2.4 r      0.7        3.6 r      1.8 r      1.9 r      0.9 r      1.5 r

2019 IV        1.8 r       2.6 r      0.8        3.3 r      1.3 r      1.4 r      1.4 r      1.4 r
     III       1.7         2.3 r      0.6        2.9 r      1.1 r      1.2 r      1.8 r      1.5 r
     II        1.7 r       2.2 r      0.5        4.1 r      2.3        2.4 r      0.2 r      1.5 r
     I         1.5 r       2.6 r      1.0        4.1 r      2.5 r      2.6 r      0.4 r      1.6 r

2018 ANNUAL    1.6 r       3.5 r      1.9        3.4        0.9        1.8 r      2.7 r      2.2 r

2018 IV        1.3 r       2.8 r      1.4        2.6 r      0.4 r      1.3 r      3.1 r      2.0 r
     III       1.3         3.6        2.2        3.4 r      0.7 r      2.1 r      2.7 r      2.3 r
     II        2.0 r       3.9 r      1.9        3.7        1.0        1.6 r      3.7 r      2.5 r
     I         1.6 r       3.7 r      2.1        3.9 r      1.6 r      2.3 r      1.3 r      1.9 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2020 II      110.4       106.9       96.9      129.4      115.7      117.2      100.2      109.7  
     I       108.7 r     120.8 r    111.2 r    123.7 r    109.6 r    113.8 r    107.4 r    111.0 r

2019 ANNUAL  108.2 r     121.6 r    112.3 r    120.2 r    107.8 r    111.1 r    109.0 r    110.2 r

2019 IV      108.7 r     122.7 r    113.0 r    121.0 r    107.6 r    111.4 r    110.1 r    110.8 r
     III     108.3 r     121.9 r    112.6 r    120.1 r    107.4 r    110.9 r    109.9 r    110.4 r
     II      108.3 r     121.0 r    111.8 r    120.1 r    107.9 r    111.0 r    109.1 r    110.2 r
     I       107.7 r     120.6 r    112.1 r    119.6 r    108.3 r    111.1 r    107.1 r    109.4 r

2018 ANNUAL  106.4 r     118.7 r    111.5 r    116.0 r    105.9 r    109.0 r    108.0 r    108.6 r

2018 IV      106.7 r     119.6 r    112.1 r    117.1 r    106.2 r    109.8 r    108.6 r    109.3 r
     III     106.5 r     119.1 r    111.8 r    116.7 r    106.2 r    109.5 r    108.0 r    108.9 r
     II      106.5 r     118.5 r    111.3 r    115.4 r    105.5 r    108.3 r    108.8 r    108.5 r
     I       106.0 r     117.6 r    110.9 r    114.9 r    105.6 r    108.3 r    106.7 r    107.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 14, 2020
r=revised                                                        Source: Bureau of Labor Statistics



Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and
prices, seasonally adjusted.
                                                          Real
                                               Hourly     hourly                Unit       Implicit
Year          Labor                            compen-    compen-     Unit      nonlabor   price
and           produc-               Hours      sation     sation      labor     payments   deflator
quarter       tivity     Output     worked     (1)        (2)         costs     (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2020 II        7.3       -38.9      -43.0       20.4       24.8       12.2      -22.6       -3.6  
     I        -0.3 r      -6.4 r     -6.1 r      9.4 r      8.1 r      9.8 r    -10.0 r      0.8 r

2019 ANNUAL    1.7 r       2.5 r      0.7        3.6 r      1.8 r      1.9 r      1.1 r      1.5 r

2019 IV        1.6 r       2.8 r      1.2        3.3 r      0.9 r      1.7 r      0.6 r      1.2 r
     III       0.3 r       2.9 r      2.6       -0.2 r     -2.0 r     -0.4 r      2.9 r      1.0 r
     II        2.0 r       1.2 r     -0.7        1.4 r     -1.6 r     -0.6 r      8.0 r      3.0 r
     I         3.7 r       3.8 r      0.1        8.7 r      7.7 r      4.8 r     -5.2 r      0.4 r

2018 ANNUAL    1.4         3.5        2.0        3.4 r      0.9 r      1.9 r      2.7 r      2.2 r

2018 IV        0.8 r       1.4 r      0.7        1.8 r      0.5 r      1.0 r      1.9 r      1.4 r
     III       0.5 r       2.3 r      1.8        5.1 r      2.9 r      4.5 r     -2.4 r      1.4 r
     II        1.1 r       3.0 r      1.8        1.3 r     -0.9 r      0.2 r      8.3 r      3.6  
     I         2.3 r       4.3 r      2.0        2.2 r     -1.0 r      0.0 r      4.9 r      2.1 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2020 II        2.2       -11.8      -13.7        8.0        7.5        5.7       -7.9       -0.2  
     I         0.9 r       0.1 r     -0.8 r      3.4 r      1.3 r      2.5 r      0.1 r      1.5  

2019 ANNUAL    1.7 r       2.5 r      0.7        3.6 r      1.8 r      1.9 r      1.1 r      1.5 r

2019 IV        1.9 r       2.7        0.8        3.3 r      1.2 r      1.4 r      1.4 r      1.4 r
     III       1.7         2.3 r      0.6 r      2.9 r      1.1 r      1.2 r      1.8 r      1.4 r
     II        1.7 r       2.2 r      0.4        4.2        2.3 r      2.4 r      0.5 r      1.6 r
     I         1.5 r       2.6 r      1.1        4.2 r      2.5 r      2.6 r      0.5 r      1.7 r

2018 ANNUAL    1.4         3.5        2.0        3.4 r      0.9 r      1.9 r      2.7 r      2.2 r

2018 IV        1.2 r       2.7 r      1.6        2.6 r      0.4 r      1.4 r      3.1 r      2.1  
     III       1.3 r       3.6        2.2        3.5 r      0.8 r      2.2 r      2.7 r      2.4 r
     II        1.8 r       3.9 r      2.1        3.5        0.8        1.7 r      3.7        2.6  
     I         1.5 r       3.7 r      2.2        3.8 r      1.6 r      2.3 r      1.4 r      1.9 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2020 II      110.2       106.5       96.6      129.8      116.1      117.8      101.4      110.6  
     I       108.3 r     120.5 r    111.2 r    123.9 r    109.8 r    114.4 r    108.1 r    111.7 r

2019 ANNUAL  107.9 r     121.3 r    112.4 r    120.4 r    107.9 r    111.5 r    110.0 r    110.8 r

2019 IV      108.4 r     122.5 r    113.0 r    121.2 r    107.7 r    111.8 r    111.0 r    111.4 r
     III     108.0 r     121.6 r    112.7 r    120.2 r    107.5 r    111.3 r    110.8 r    111.1 r
     II      107.9 r     120.8 r    111.9 r    120.2 r    108.0 r    111.4 r    110.1 r    110.8 r
     I       107.4 r     120.4 r    112.1 r    119.8 r    108.4 r    111.6 r    108.0 r    110.0 r

2018 ANNUAL  106.1 r     118.4 r    111.6 r    116.2 r    106.0 r    109.5 r    108.8 r    109.2 r

2018 IV      106.4 r     119.3 r    112.1 r    117.3 r    106.4 r    110.3 r    109.4 r    109.9 r
     III     106.2 r     118.9 r    111.9 r    116.8 r    106.3 r    110.0 r    108.9 r    109.5 r
     II      106.1 r     118.2 r    111.4 r    115.4 r    105.5 r    108.8 r    109.6 r    109.1 r
     I       105.8 r     117.3 r    110.9 r    115.0 r    105.8 r    108.8 r    107.4 r    108.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 14, 2020
r=revised                                                        Source: Bureau of Labor Statistics



Table 3. Manufacturing sector: Labor productivity, hourly compensation, and unit labor costs,
seasonally adjusted.
                                                                             Real
Year              Labor                                       Hourly         hourly          Unit
and               produc-                      Hours          compensa-      compensa-       labor
quarter           tivity        Output         worked         tion (1)       tion (2)        costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2020 II          -15.5          -47.0          -37.3           10.7           14.8           31.1  
     I             1.6 r         -5.6 r         -7.0 r          6.2 r          4.9 r          4.6 r

2019 ANNUAL        0.1            0.0           -0.1            2.9 r          1.1 r          2.8 r

2019 IV           -0.7 r         -0.2            0.5            5.2 r          2.8 r          6.0 r
     III          -0.5            0.9            1.4           -1.9 r         -3.7 r         -1.4 r
     II           -2.3           -3.1           -0.9            1.4 r         -1.6 r          3.8 r
     I             1.3           -1.7           -3.1            6.9 r          6.0 r          5.5 r

2018 ANNUAL        0.3 r          2.2 r          1.9            2.1 r         -0.3            1.8  

2018 IV            0.9            1.6            0.6            3.4 r          2.1 r          2.4 r
     III           0.3            4.0            3.7            3.6 r          1.5 r          3.3 r
     II            1.3 r          2.6 r          1.3           -3.4 r         -5.5 r         -4.7 r
     I            -0.1 r          1.8 r          1.9            2.5 r         -0.8 r          2.6 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2020 II           -4.1          -15.8          -12.2            5.0            4.5            9.4  
     I            -0.5 r         -2.0 r         -1.5 r          2.7 r          0.6 r          3.2 r

2019 ANNUAL        0.1            0.0           -0.1            2.9 r          1.1 r          2.8 r

2019 IV           -0.6           -1.1           -0.5            2.9 r          0.8 r          3.4 r
     III          -0.1           -0.6           -0.5            2.4 r          0.6 r          2.6 r
     II            0.1            0.1            0.1            3.8 r          2.0 r          3.8 r
     I             1.0            1.6            0.6            2.6 r          0.9 r          1.6 r

2018 ANNUAL        0.3 r          2.2 r          1.9            2.1 r         -0.3            1.8  

2018 IV            0.6            2.5            1.9            1.5 r         -0.7 r          0.9 r
     III           1.1 r          3.3 r          2.2            1.9 r         -0.8            0.7 r
     II           -0.3            1.7            2.0            1.6 r         -1.1 r          1.9  
     I            -0.2 r          1.4            1.6            3.6 r          1.4 r          3.8 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2020 II           94.6           88.2           93.1          121.2          108.4          128.1  
     I            98.7 r        103.3 r        104.7 r        118.2 r        104.7 r        119.7 r

2019 ANNUAL       98.7 r        105.0 r        106.4          115.5 r        103.5 r        117.1 r

2019 IV           98.3 r        104.8 r        106.6          116.4 r        103.5 r        118.4 r
     III          98.5 r        104.9 r        106.5          115.0 r        102.8 r        116.7 r
     II           98.6 r        104.7 r        106.1          115.5 r        103.8 r        117.1 r
     I            99.2 r        105.5 r        106.3          115.1 r        104.2 r        116.0 r

2018 ANNUAL       98.6 r        105.0 r        106.4          112.2 r        102.4 r        113.8 r

2018 IV           98.9 r        106.0 r        107.1          113.2 r        102.7 r        114.5 r
     III          98.7 r        105.5 r        107.0          112.3 r        102.1 r        113.8 r
     II           98.6 r        104.5 r        106.0          111.3 r        101.8 r        112.9 r
     I            98.3 r        103.8 r        105.7          112.2 r        103.2 r        114.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 14, 2020
r=revised                                                        Source: Bureau of Labor Statistics



Table 4. Durable manufacturing sector: Labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
                                                                             Real
Year              Labor                                       Hourly         hourly          Unit
and               produc-                      Hours          compensa-      compensa-       labor
quarter           tivity        Output         worked         tion (1)       tion (2)        costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2020 II          -28.4          -58.1          -41.5            8.9           12.9           52.2  
     I            -2.5 r         -9.7 r         -7.4 r          4.6 r          3.3 r          7.3 r

2019 ANNUAL        0.7 r          0.8 r          0.2            2.4 r          0.5 r          1.7 r

2019 IV           -1.1 r         -1.5 r         -0.4            8.0 r          5.5 r          9.2 r
     III           0.4 r          1.5            1.1           -3.2 r         -4.9 r         -3.6 r
     II           -0.7           -2.3           -1.6            0.4 r         -2.5 r          1.1 r
     I             0.3           -2.7           -3.0            6.9 r          5.9 r          6.6 r

2018 ANNUAL        1.4 r          3.6 r          2.2            2.7 r          0.2            1.3 r

2018 IV            1.8 r          5.0 r          3.1            1.5 r          0.3 r         -0.3 r
     III           2.6 r          6.3 r          3.6            3.3 r          1.2 r          0.7 r
     II            0.9 r          2.9 r          2.0           -2.8 r         -4.9 r         -3.7 r
     I             1.7 r          4.8 r          3.1            2.7 r         -0.6 r          1.0 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2020 II           -8.8          -21.6          -14.1            4.5            4.0           14.5  
     I            -1.0 r         -3.1 r         -2.1 r          2.4 r          0.3 r          3.4 r

2019 ANNUAL        0.7 r          0.8 r          0.2            2.4 r          0.5 r          1.7 r

2019 IV           -0.3           -1.3           -1.0            2.9 r          0.9 r          3.2 r
     III           0.5 r          0.3           -0.1            1.4 r         -0.4 r          0.9 r
     II            1.0 r          1.5 r          0.5            3.0 r          1.2 r          2.0 r
     I             1.4 r          2.8 r          1.4            2.2            0.5 r          0.7 r

2018 ANNUAL        1.4 r          3.6 r          2.2            2.7 r          0.2            1.3 r

2018 IV            1.8 r          4.8 r          2.9            1.1 r         -1.0           -0.6 r
     III           2.3 r          4.8 r          2.5            2.4 r         -0.2 r          0.2 r
     II            0.5 r          2.7 r          2.2            2.2           -0.4 r          1.7 r
     I             1.0 r          2.2 r          1.2            4.9 r          2.6 r          3.9 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2020 II           91.9           84.0           91.4          121.2          108.3          131.8  
     I            99.9 r        104.5 r        104.5 r        118.6 r        105.1 r        118.7 r

2019 ANNUAL      100.8 r        107.4 r        106.6          116.0 r        104.0 r        115.2 r

2019 IV          100.6 r        107.2 r        106.6          117.3 r        104.3 r        116.6 r
     III         100.9 r        107.6 r        106.7          115.1 r        102.9 r        114.1 r
     II          100.7 r        107.2 r        106.4          116.0 r        104.2 r        115.1 r
     I           100.9 r        107.8 r        106.8          115.9 r        104.8 r        114.8 r

2018 ANNUAL      100.1 r        106.6 r        106.4          113.4 r        103.5 r        113.2 r

2018 IV          100.8 r        108.5 r        107.6          113.9 r        103.3 r        113.0 r
     III         100.4 r        107.2 r        106.8          113.5 r        103.3 r        113.1 r
     II           99.7 r        105.6 r        105.9          112.6 r        103.0 r        112.9 r
     I            99.5 r        104.8 r        105.4          113.4 r        104.3 r        114.0 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 14, 2020
r=revised                                                        Source: Bureau of Labor Statistics



Table 5. Nondurable manufacturing sector: Labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
                                                                             Real
Year              Labor                                       Hourly         hourly          Unit
and               produc-                      Hours          compensa-      compensa-       labor
quarter           tivity        Output         worked         tion (1)       tion (2)        costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2020 II           -4.9          -33.2          -29.8           16.0           20.3           22.0  
     I             5.8 r         -1.0 r         -6.4 r          9.6 r          8.3 r          3.6 r

2019 ANNUAL       -0.4 r         -0.9 r         -0.5            3.9 r          2.1 r          4.4 r

2019 IV           -0.8 r          1.2            2.1            0.2           -2.1            1.1  
     III          -1.8 r          0.2            2.0            0.7 r         -1.1 r          2.4 r
     II           -4.4           -4.0            0.5            3.7 r          0.6 r          8.5 r
     I             2.5           -0.7           -3.2            7.0 r          6.0 r          4.3 r

2018 ANNUAL       -0.8 r          0.5 r          1.4            1.0 r         -1.4 r          1.8 r

2018 IV            1.4 r         -2.0 r         -3.3            6.4 r          5.1 r          4.9 r
     III          -2.4 r          1.4 r          3.9            4.3 r          2.2 r          6.9 r
     II            1.9 r          2.0 r          0.1           -4.8 r         -6.8 r         -6.5 r
     I            -1.6 r         -1.6 r          0.0            1.7 r         -1.5 r          3.3 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2020 II           -0.5           -9.5           -9.0            6.4            6.0            6.9  
     I            -0.4 r         -0.9 r         -0.5 r          3.5 r          1.3 r          3.9 r

2019 ANNUAL       -0.4 r         -0.9 r         -0.5            3.9 r          2.1 r          4.4 r

2019 IV           -1.2           -0.8            0.3            2.8 r          0.8 r          4.0 r
     III          -0.6 r         -1.6 r         -1.0            4.4 r          2.6 r          5.0 r
     II           -0.8 r         -1.3 r         -0.6            5.3 r          3.4 r          6.1 r
     I             0.8 r          0.2 r         -0.7            3.1 r          1.5 r          2.3 r

2018 ANNUAL       -0.8 r          0.5 r          1.4            1.0 r         -1.4 r          1.8 r

2018 IV           -0.2 r         -0.1 r          0.1            1.8 r         -0.4 r          2.0 r
     III          -0.1 r          1.5 r          1.6            0.7 r         -1.9 r          0.8 r
     II           -1.2 r          0.3 r          1.6            0.3 r         -2.4 r          1.5 r
     I            -1.8 r          0.4 r          2.3            1.2 r         -1.0 r          3.1 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2020 II           97.0           93.2           96.0          121.9          109.0          125.6  
     I            98.3 r        103.1 r        104.9 r        117.5 r        104.1 r        119.5 r

2019 ANNUAL       97.5 r        103.3 r        106.0          114.4 r        102.6 r        117.3 r

2019 IV           96.9 r        103.4 r        106.7          114.8 r        102.0 r        118.5 r
     III          97.1 r        103.0 r        106.1          114.7 r        102.6 r        118.2 r
     II           97.5 r        103.0 r        105.6          114.6 r        102.9 r        117.5 r
     I            98.6 r        104.0 r        105.5          113.5 r        102.7 r        115.1 r

2018 ANNUAL       98.0 r        104.3 r        106.5          110.1 r        100.5 r        112.4 r

2018 IV           98.0 r        104.2 r        106.3          111.6 r        101.2 r        113.9 r
     III          97.7 r        104.7 r        107.2          109.9 r        100.0 r        112.5 r
     II           98.3 r        104.4 r        106.2          108.8 r         99.5 r        110.7 r
     I            97.8 r        103.9 r        106.2          110.1 r        101.2 r        112.5 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 14, 2020
r=revised                                                        Source: Bureau of Labor Statistics



Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs,
unit profits, and prices, seasonally adjusted.
                                                     Real
                                           Hourly    hourly            Unit      Total           Implicit
Year         Labor                         compen-   compen-   Unit    nonlabor  unit    Unit    price
and          produc-             Hours     sation    sation    labor   costs     costs   profits deflator
quarter      tivity    Output    worked    (1)       (2)       costs   (6)       (7)     (8)     (4)
---------------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate (5)

2020 I         0.3 r    -3.9 r   -4.2 r     8.4 r     7.1 r     8.0 r   10.2 r    8.7 r  -44.2 r    0.6 r

2019 ANNUAL    0.6 r     1.6 r    0.9       3.7 r     1.9 r     3.1 r    1.9 r    2.7 r   -3.3 r    1.9 r

2019 IV        1.3 r     2.6 r    1.2       2.5 r     0.1 r     1.2 r   -2.3 r    0.1 r   12.4 r    1.5 r
     III      -0.8 r    -0.1 r    0.7       0.0 r    -1.7       0.9 r    6.6 r    2.6 r   -5.3 r    1.6 r
     II        1.0       1.0 r    0.1       1.3 r    -1.7 r     0.3 r    1.5 r    0.7 r   16.1 r    2.4  
     I         1.4 r     2.9 r    1.5      11.1 r    10.1 r     9.5 r    3.3 r    7.5 r  -30.8 r    1.7 r

2018 ANNUAL    0.6 r     2.6 r    1.9       3.5 r     1.0       2.8 r   -1.0 r    1.6 r    6.2 r    2.2 r

2018 IV       -0.3 r     0.2 r    0.5       1.3 r     0.0 r     1.7 r    2.4 r    1.9 r    2.2 r    1.9 r
     III       2.5 r     3.7 r    1.1       3.2 r     1.0 r     0.6 r   -1.9 r   -0.2 r   15.1 r    1.7 r
     II       -2.2 r     0.2 r    2.5       0.1 r    -2.0 r     2.4 r   -0.2 r    1.6 r   15.2 r    3.2 r
     I         4.7 r     6.7 r    1.8       8.6 r     5.1 r     3.7 r   -4.2 r    1.1 r    8.0 r    1.9 r
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2020 I         0.4 r    -0.1 r   -0.6 r     3.0 r     0.9 r     2.5 r    3.9 r    3.0 r   -8.9 r    1.5 r

2019 ANNUAL    0.6 r     1.6 r    0.9       3.7 r     1.9 r     3.1 r    1.9 r    2.7 r   -3.3 r    1.9 r

2019 IV        0.7 r     1.6 r    0.9       3.6 r     1.6 r     2.9 r    2.2 r    2.7 r   -3.9 r    1.8 r
     III       0.3 r     1.0 r    0.7       3.3 r     1.6 r     3.0 r    3.4 r    3.1 r   -6.1 r    1.9 r
     II        1.1 r     1.9 r    0.8       4.1 r     2.3 r     2.9 r    1.3 r    2.4 r   -1.4 r    1.9 r
     I         0.3 r     1.7 r    1.4       3.8 r     2.2 r     3.5 r    0.9 r    2.7 r   -1.6 r    2.1 r

2018 ANNUAL    0.6 r     2.6 r    1.9       3.5 r     1.0       2.8 r   -1.0 r    1.6 r    6.2 r    2.2 r

2018 IV        1.1 r     2.6 r    1.5       3.2 r     1.0 r     2.1 r   -1.0 r    1.1 r   10.0 r    2.2 r
     III       1.0 r     3.0 r    2.0       3.6 r     0.9 r     2.6 r   -1.8 r    1.2 r   10.1 r    2.3 r
     II       -0.2 r     1.9 r    2.1       3.5       0.8       3.7 r   -0.8 r    2.2 r    3.2 r    2.4 r
     I         0.7 r     2.9 r    2.2       3.7       1.4 r     3.0 r   -0.3 r    1.9 r    1.4 r    1.9 r
---------------------------------------------------------------------------------------------------------
                                            Indexes 2012=100

2020 I       102.9 r   116.2 r  112.9 r   123.3 r   109.3 r   119.9 r  110.3 r  116.7 r   84.5 r  112.1 r

2019 ANNUAL  102.6 r   116.7 r  113.7 r   120.2 r   107.8 r   117.2 r  107.1 r  113.8 r   95.4 r  111.2 r

2019 IV      102.8 r   117.3 r  114.1 r   120.9 r   107.4 r   117.6 r  107.6 r  114.3 r   97.8 r  111.9 r
     III     102.5 r   116.6 r  113.7 r   120.1 r   107.4 r   117.2 r  108.2 r  114.2 r   95.0 r  111.5 r
     II      102.7 r   116.6 r  113.6 r   120.1 r   107.9 r   117.0 r  106.5 r  113.5 r   96.3 r  111.0 r
     I       102.4 r   116.3 r  113.5 r   119.7 r   108.4 r   116.9 r  106.1 r  113.3 r   92.7 r  110.4 r

2018 ANNUAL  102.0 r   114.9 r  112.7 r   115.9 r   105.8 r   113.7 r  105.1 r  110.8 r   98.7 r  109.1 r

2018 IV      102.1 r   115.5 r  113.1 r   116.6 r   105.8 r   114.3 r  105.3 r  111.3 r  101.7 r  109.9 r
     III     102.2 r   115.4 r  113.0 r   116.3 r   105.8 r   113.8 r  104.7 r  110.8 r  101.1 r  109.4 r
     II      101.5 r   114.4 r  112.7 r   115.4 r   105.5 r   113.6 r  105.2 r  110.8 r   97.6 r  108.9 r
     I       102.1 r   114.3 r  112.0 r   115.3 r   106.0 r   112.9 r  105.2 r  110.4 r   94.2 r  108.1 r
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                          August 14, 2020
r=revised                                                              Source: Bureau of Labor Statistics



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

RELIABILITY: Productivity and cost measures are regularly revised as more complete 
information becomes available.  The measures are first published within 40 days of the
close of the reference period; revisions appear 30 days later, and second revisions after
an additional 60 days.  In the business sector, the third publication (second revision) of
a quarterly index of output per hour of all persons has differed from the initial value by
between -1.4 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 2020.
					
				    Table Footnotes

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

(2) The change for recent quarters is based on the Consumer Price Index for all urban consumers 
(CPI-U). The trend from 1978-2019 is based on the Consumer Price Index research series (CPI-
U-RS).

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

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

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

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

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

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







Appendix table 1.
 Business sector: Revised labor productivity, hourly compensation, unit labor costs, and prices,
 seasonally adjusted.

                                                           Real
                                                Hourly     hourly                Unit       Implicit
 Year          Labor                            compen-    compen-     Unit      nonlabor   price
 and           produc-               Hours      sation     sation      labor     payments   deflator
 quarter       tivity     Output     worked     (1)        (2)         costs     (3)        (4)
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2017 ANNUAL    1.3 r       2.7 r      1.4        3.6 r      1.4 r      2.3 r      1.1 r      1.7  

 2017 IV        0.6 r       4.6 r      4.0        4.6 r      1.5 r      4.1 r      0.6 r      2.5 r
      III       3.0 r       3.6 r      0.6        5.7 r      3.5 r      2.7 r      0.9 r      1.9 r
      II       -0.2 r       1.9 r      2.1        2.4 r      2.0 r      2.6 r     -1.0 r      1.0 r
      I         0.6 r       2.5 r      1.9        3.3 r      0.4 r      2.7 r      1.1 r      2.0 r

 2016 ANNUAL    0.4 r       1.9 r      1.5        1.1       -0.2        0.7 r      0.9 r      0.8  

 2016 IV        3.0 r       3.2 r      0.2        5.2        2.6        2.1 r      1.3 r      1.7 r
      III       1.6         2.5 r      0.9        2.1 r      0.2        0.5        2.0 r      1.2 r
      II       -0.3 r       1.2 r      1.5        0.8 r     -2.1 r      1.1 r      5.7 r      3.1 r
      I         0.9 r       2.6 r      1.7        0.0 r      0.1 r     -0.8 r     -0.6 r     -0.7 r

 2015 ANNUAL    1.5 r       3.8 r      2.3        2.9        2.8 r      1.4 r     -0.8        0.4 r

 2015 IV       -2.3 r       0.4 r      2.8       -0.4 r     -0.5 r      1.9 r     -3.5 r     -0.5  
      III       1.2 r       1.4 r      0.3        1.7 r      0.1 r      0.5 r      1.7 r      1.0 r
      II        1.7 r       3.3 r      1.5 r      3.5        0.7        1.8 r      2.5 r      2.1  
      I         3.6 r       4.8 r      1.2        5.0 r      7.6        1.3 r     -4.7 r     -1.4 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2017 ANNUAL    1.3 r       2.7 r      1.4        3.6 r      1.4 r      2.3 r      1.1 r      1.7  

 2017 IV        1.0 r       3.2 r      2.2        4.0 r      1.9 r      3.0 r      0.4 r      1.9  
      III       1.6 r       2.8 r      1.2        4.2 r      2.1 r      2.5 r      0.6 r      1.7 r
      II        1.3         2.5 r      1.3        3.2 r      1.3        2.0        0.8 r      1.5 r
      I         1.2 r       2.4 r      1.1        2.8 r      0.3 r      1.6 r      2.5 r      2.0 r

 2016 ANNUAL    0.4 r       1.9 r      1.5        1.1       -0.2        0.7 r      0.9 r      0.8  

 2016 IV        1.3         2.4        1.1        2.0        0.2        0.7 r      2.1 r      1.3 r
      III       0.0 r       1.7        1.7        0.6 r     -0.6 r      0.7        0.9 r      0.7  
      II       -0.2         1.4 r      1.6        0.5       -0.6        0.7        0.8 r      0.7  
      I         0.3 r       1.9 r      1.6        1.2 r      0.1 r      0.8 r      0.0 r      0.5  

 2015 ANNUAL    1.5 r       3.8 r      2.3        2.9        2.8 r      1.4 r     -0.8        0.4 r

 2015 IV        1.0 r       2.5 r      1.4        2.4        2.0 r      1.4 r     -1.1        0.3 r
      III       1.1 r       3.1 r      2.0        3.5 r      3.3 r      2.4 r     -2.0 r      0.4 r
      II        1.6 r       4.3 r      2.7        3.6 r      3.5 r      2.0 r     -1.3        0.5 r
      I         2.2 r       5.3 r      3.0        2.2        2.3 r      0.0 r      1.3 r      0.6  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2017 ANNUAL  104.8 r     114.7 r    109.4 r    112.2 r    104.9 r    107.1 r    105.2 r    106.3 r

 2017 IV      105.3 r     116.3 r    110.5 r    114.1 r    105.8 r    108.4 r    105.4 r    107.1 r
      III     105.1 r     115.0 r    109.4 r    112.8 r    105.4 r    107.3 r    105.2 r    106.4 r
      II      104.4 r     114.0 r    109.2 r    111.3 r    104.5 r    106.6 r    105.0 r    105.9 r
      I       104.4 r     113.4 r    108.7 r    110.6 r    104.0 r    105.9 r    105.2 r    105.6 r

 2016 ANNUAL  103.5 r     111.6 r    107.9 r    108.3 r    103.5 r    104.7 r    104.1 r    104.4 r

 2016 IV      104.3 r     112.8 r    108.1 r    109.7 r    103.9 r    105.2 r    105.0 r    105.1 r
      III     103.5 r     111.9 r    108.1 r    108.3 r    103.2 r    104.7 r    104.6 r    104.7 r
      II      103.1 r     111.2 r    107.8 r    107.8 r    103.2 r    104.6 r    104.1 r    104.4 r
      I       103.1 r     110.8 r    107.4 r    107.6 r    103.7 r    104.3 r    102.7 r    103.6 r

 2015 ANNUAL  103.1 r     109.6 r    106.3 r    107.2 r    103.7 r    104.0 r    103.1 r    103.6 r

 2015 IV      102.9 r     110.1 r    107.0 r    107.6 r    103.7 r    104.5 r    102.8 r    103.8 r
      III     103.5 r     110.0 r    106.3 r    107.7 r    103.8 r    104.0 r    103.7 r    103.9 r
      II      103.2 r     109.6 r    106.2 r    107.2 r    103.8 r    103.9 r    103.3 r    103.6 r
      I       102.8 r     108.7 r    105.8 r    106.3 r    103.6 r    103.4 r    102.7 r    103.1 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 14, 2020
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 2.
 Nonfarm business sector: Revised labor productivity, hourly compensation, unit labor costs, and
 prices, seasonally adjusted.

                                                           Real
                                                Hourly     hourly                Unit       Implicit
 Year          Labor                            compen-    compen-     Unit      nonlabor   price
 and           produc-               Hours      sation     sation      labor     payments   deflator
 quarter       tivity     Output     worked     (1)        (2)         costs     (3)        (4)
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2017 ANNUAL    1.2 r       2.8 r      1.5        3.5        1.3        2.2 r      0.9 r      1.7 r

 2017 IV        1.3 r       4.7 r      3.3        5.5 r      2.3 r      4.1 r      0.4 r      2.5 r
      III       2.5 r       3.8 r      1.3        5.2 r      3.0 r      2.7 r      1.2 r      2.0 r
      II       -0.1 r       2.1 r      2.2        2.4 r      2.0 r      2.5 r     -1.0 r      1.0 r
      I         1.0 r       2.4 r      1.3        3.9 r      1.0 r      2.9 r     -0.3 r      1.5 r

 2016 ANNUAL    0.3         1.8 r      1.5        1.1       -0.2        0.7 r      1.3 r      1.0  

 2016 IV        2.5 r       3.4 r      0.9        4.3        1.7        1.7 r      1.9 r      1.8 r
      III       1.2 r       2.4        1.2        1.7 r     -0.2 r      0.5 r      2.5 r      1.4 r
      II       -0.1 r       1.1 r      1.2        1.1 r     -1.7 r      1.3 r      5.8 r      3.2 r
      I         0.9 r       2.5 r      1.6        0.1 r      0.2 r     -0.9        0.4 r     -0.3 r

 2015 ANNUAL    1.6 r       3.7 r      2.1        3.1        3.0 r      1.6 r     -0.4        0.7 r

 2015 IV       -2.2 r       0.4 r      2.6       -0.2       -0.3 r      2.0 r     -3.2 r     -0.3  
      III       1.1 r       1.4 r      0.3        1.6 r      0.1 r      0.5        1.6 r      1.0 r
      II        1.5 r       3.4 r      1.9        3.3 r      0.5 r      1.7 r      2.4 r      2.0 r
      I         3.7 r       4.6 r      0.8        5.3        8.0 r      1.6 r     -3.4 r     -0.6 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2017 ANNUAL    1.2 r       2.8 r      1.5        3.5        1.3        2.2 r      0.9 r      1.7 r

 2017 IV        1.2 r       3.2 r      2.0        4.3 r      2.1 r      3.0 r      0.1 r      1.8  
      III       1.5 r       2.9 r      1.4        4.0 r      1.9 r      2.4 r      0.4 r      1.6 r
      II        1.2         2.6        1.4        3.1 r      1.1 r      1.9 r      0.8 r      1.4  
      I         1.2         2.3 r      1.2        2.8 r      0.2 r      1.6 r      2.4 r      1.9  

 2016 ANNUAL    0.3         1.8 r      1.5        1.1       -0.2        0.7 r      1.3 r      1.0  

 2016 IV        1.1         2.4        1.2        1.8 r      0.0        0.6 r      2.6 r      1.5 r
      III       0.0 r       1.6        1.6        0.7       -0.5 r      0.7 r      1.3 r      1.0 r
      II       -0.1 r       1.4 r      1.4        0.7 r     -0.4 r      0.7 r      1.1 r      0.9  
      I         0.3 r       1.9 r      1.6        1.2 r      0.1 r      0.8 r      0.3 r      0.6  

 2015 ANNUAL    1.6 r       3.7 r      2.1        3.1        3.0 r      1.6 r     -0.4        0.7 r

 2015 IV        1.0 r       2.4 r      1.4        2.5 r      2.0 r      1.5 r     -0.7 r      0.5 r
      III       1.1 r       3.0 r      1.9        3.6 r      3.4 r      2.5 r     -1.8 r      0.6 r
      II        1.8 r       4.3 r      2.5        3.9        3.8        2.1 r     -0.8 r      0.8 r
      I         2.4 r       5.2 r      2.7        2.6        2.7 r      0.2 r      1.7        0.8 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2017 ANNUAL  104.6 r     114.4 r    109.4 r    112.4 r    105.1 r    107.5 r    105.9 r    106.8 r

 2017 IV      105.2 r     116.1 r    110.4 r    114.4 r    106.0 r    108.8 r    106.1 r    107.6 r
      III     104.8 r     114.8 r    109.5 r    112.9 r    105.4 r    107.7 r    106.0 r    107.0 r
      II      104.2 r     113.7 r    109.2 r    111.4 r    104.7 r    107.0 r    105.7 r    106.4 r
      I       104.2 r     113.1 r    108.6 r    110.8 r    104.1 r    106.3 r    105.9 r    106.2 r

 2016 ANNUAL  103.3 r     111.3 r    107.8 r    108.6 r    103.7 r    105.1 r    105.0 r    105.0 r

 2016 IV      103.9 r     112.5 r    108.2 r    109.7 r    103.9 r    105.6 r    106.0 r    105.8 r
      III     103.3 r     111.5 r    108.0 r    108.6 r    103.4 r    105.1 r    105.5 r    105.3 r
      II      103.0 r     110.8 r    107.6 r    108.1 r    103.5 r    105.0 r    104.9 r    104.9 r
      I       103.0 r     110.5 r    107.3 r    107.8 r    103.9 r    104.7 r    103.4 r    104.1 r

 2015 ANNUAL  103.0 r     109.4 r    106.2 r    107.4 r    103.9 r    104.3 r    103.6 r    104.0 r

 2015 IV      102.8 r     109.9 r    106.9 r    107.8 r    103.9 r    104.9 r    103.3 r    104.2 r
      III     103.3 r     109.8 r    106.2 r    107.9 r    104.0 r    104.4 r    104.2 r    104.3 r
      II      103.1 r     109.4 r    106.1 r    107.4 r    103.9 r    104.2 r    103.7 r    104.0 r
      I       102.7 r     108.5 r    105.6 r    106.6 r    103.8 r    103.8 r    103.1 r    103.5 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 14, 2020
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 3.
 Manufacturing sector: Revised labor productivity, hourly compensation, and unit labor costs,
 seasonally adjusted.

                                                                              Real
 Year              Labor                                       Hourly         hourly          Unit
 and               produc-                      Hours          compensa-      compensa-       labor
 quarter           tivity        Output         worked         tion (1)       tion (2)        costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2017 ANNUAL       -0.4            0.6            1.0            3.2 r          1.1 r          3.6 r

 2017 IV            3.1 r          5.0 r          1.8            5.0 r          1.8 r          1.8 r
      III          -5.3           -2.7            2.8            2.5 r          0.3 r          8.3 r
      II            1.9 r          1.7           -0.1            4.5 r          4.1 r          2.6 r
      I            -1.3 r          0.6 r          1.9            3.0 r          0.1 r          4.3 r

 2016 ANNUAL       -0.2           -0.2            0.0            0.5           -0.8            0.7  

 2016 IV            1.0 r          1.1 r          0.1            4.4 r          1.8 r          3.3 r
      III           0.0 r          0.9 r          0.9            1.2 r         -0.7 r          1.2 r
      II           -1.3 r         -1.7           -0.4            1.1 r         -1.8 r          2.4 r
      I             2.1 r          1.4 r         -0.7           -1.7 r         -1.6 r         -3.7 r

 2015 ANNUAL       -1.8           -0.9            1.0            2.5            2.3            4.4  

 2015 IV           -3.6           -1.7            2.0           -1.4 r         -1.5 r          2.3 r
      III           1.8            0.4           -1.3            3.9 r          2.3 r          2.1 r
      II           -1.3           -1.6           -0.3            1.8 r         -1.0 r          3.2 r
      I            -2.6           -3.8           -1.1            4.1 r          6.7 r          6.9 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2017 ANNUAL       -0.4            0.6            1.0            3.2 r          1.1 r          3.6 r

 2017 IV           -0.5            1.1            1.6            3.7            1.6            4.2 r
      III          -1.0 r          0.2 r          1.2            3.6 r          1.6 r          4.6 r
      II            0.4 r          1.1 r          0.7            3.2 r          1.3 r          2.8 r
      I            -0.4 r          0.2 r          0.6            2.4 r         -0.2 r          2.8 r

 2016 ANNUAL       -0.2           -0.2            0.0            0.5           -0.8            0.7  

 2016 IV            0.4            0.4            0.0            1.2 r         -0.6 r          0.8 r
      III          -0.7           -0.3            0.4           -0.2           -1.4            0.5 r
      II           -0.3           -0.4           -0.1            0.4 r         -0.6 r          0.7 r
      I            -0.3           -0.4           -0.1            0.6 r         -0.4 r          0.9 r

 2015 ANNUAL       -1.8           -0.9            1.0            2.5            2.3            4.4  

 2015 IV           -1.5           -1.7           -0.2            2.1 r          1.6 r          3.6 r
      III          -1.7           -1.2            0.5            3.3            3.1            5.1  
      II           -2.3           -1.0            1.3            2.9            2.8            5.3 r
      I            -1.9            0.4            2.3            1.9 r          1.9            3.8  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2017 ANNUAL       98.3 r        102.7 r        104.5          109.9 r        102.8 r        111.8 r

 2017 IV           98.3 r        103.4 r        105.2          111.6 r        103.4 r        113.5 r
      III          97.5 r        102.1 r        104.7          110.2 r        103.0 r        113.0 r
      II           98.9 r        102.8 r        104.0          109.5 r        102.9 r        110.8 r
      I            98.4 r        102.4 r        104.0          108.3 r        101.8 r        110.1 r

 2016 ANNUAL       98.7 r        102.0 r        103.4          106.5 r        101.7 r        107.9 r

 2016 IV           98.8 r        102.2 r        103.5          107.6 r        101.8 r        108.9 r
      III          98.5 r        102.0 r        103.5          106.4 r        101.4 r        108.0 r
      II           98.5 r        101.7 r        103.3          106.1 r        101.6 r        107.7 r
      I            98.8 r        102.2 r        103.4          105.8 r        102.0 r        107.1 r

 2015 ANNUAL       98.9 r        102.2 r        103.4          105.9 r        102.5 r        107.1 r

 2015 IV           98.3 r        101.8 r        103.5          106.3 r        102.4 r        108.1 r
      III          99.2 r        102.3 r        103.0          106.7 r        102.8 r        107.5 r
      II           98.8 r        102.1 r        103.4          105.6 r        102.2 r        106.9 r
      I            99.1          102.6          103.5          105.2 r        102.5 r        106.1 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 14, 2020
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 4.
 Durable manufacturing sector: Revised labor productivity, hourly compensation, and unit labor
 costs, seasonally adjusted.

                                                                              Real
 Year              Labor                                       Hourly         hourly          Unit
 and               produc-                      Hours          compensa-      compensa-       labor
 quarter           tivity        Output         worked         tion (1)       tion (2)        costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2017 ANNUAL        0.1            0.7            0.6            4.0 r          1.9 r          3.9 r

 2017 IV            3.8 r          5.3 r          1.4            6.8 r          3.6 r          2.8 r
      III          -4.4 r         -2.2 r          2.3            2.5 r          0.3 r          7.2 r
      II            2.9 r          1.0 r         -1.9            7.8 r          7.4 r          4.8 r
      I            -1.4 r          1.2 r          2.6            2.6 r         -0.3 r          4.1 r

 2016 ANNUAL       -1.3           -1.7           -0.4            0.9           -0.4            2.2  

 2016 IV            0.4 r          0.6 r          0.2            4.8 r          2.2 r          4.4 r
      III           1.8 r          1.8 r          0.0            1.8 r         -0.1 r          0.0 r
      II           -0.5           -2.4 r         -1.9            1.5 r         -1.4 r          2.0 r
      I            -1.2 r         -1.3           -0.1           -1.2 r         -1.1 r          0.1 r

 2015 ANNUAL       -1.6           -1.0            0.6            3.1            2.9            4.7  

 2015 IV           -6.6           -5.2 r          1.4           -1.5 r         -1.5 r          5.5 r
      III           1.6           -0.2 r         -1.9            4.0 r          2.4 r          2.3 r
      II           -0.9           -1.9           -1.0            2.4 r         -0.4 r          3.3 r
      I            -2.9           -4.5           -1.7            5.0            7.7 r          8.1 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2017 ANNUAL        0.1            0.7            0.6            4.0 r          1.9 r          3.9 r

 2017 IV            0.2 r          1.3 r          1.1            4.9 r          2.7 r          4.7 r
      III          -0.7            0.1            0.8            4.4            2.4 r          5.1  
      II            0.9 r          1.1 r          0.2            4.2 r          2.3 r          3.3 r
      I             0.1 r          0.3 r          0.2            2.7 r          0.1 r          2.6 r

 2016 ANNUAL       -1.3           -1.7           -0.4            0.9           -0.4            2.2  

 2016 IV            0.1 r         -0.3           -0.4            1.7 r         -0.1 r          1.6 r
      III          -1.7           -1.8           -0.1            0.1 r         -1.0            1.9  
      II           -1.7           -2.3           -0.6            0.7 r         -0.4 r          2.4 r
      I            -1.8           -2.2           -0.4            0.9 r         -0.2 r          2.8 r

 2015 ANNUAL       -1.6           -1.0            0.6            3.1            2.9            4.7  

 2015 IV           -2.2           -3.0           -0.8            2.4            2.0 r          4.8 r
      III          -1.1           -1.5           -0.4            4.1            3.9            5.3  
      II           -1.7           -0.7            1.0            3.6            3.5            5.3 r
      I            -1.3            1.2            2.6            2.2            2.2            3.6 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2017 ANNUAL       98.8 r        102.8 r        104.1          110.4 r        103.2 r        111.8 r

 2017 IV           99.1 r        103.6 r        104.6          112.7 r        104.4 r        113.7 r
      III          98.2 r        102.3 r        104.2          110.8 r        103.5 r        112.9 r
      II           99.3 r        102.9 r        103.6          110.1 r        103.4 r        111.0 r
      I            98.5 r        102.6 r        104.1          108.1 r        101.6 r        109.7 r

 2016 ANNUAL       98.6 r        102.1 r        103.5          106.1 r        101.4 r        107.6 r

 2016 IV           98.9 r        102.3 r        103.4          107.4 r        101.7 r        108.6 r
      III          98.8 r        102.2 r        103.4          106.2 r        101.1 r        107.4 r
      II           98.4 r        101.7 r        103.4          105.7 r        101.2 r        107.4 r
      I            98.5 r        102.3 r        103.9          105.3 r        101.5 r        106.9 r

 2015 ANNUAL       99.9 r        103.8 r        103.9          105.2 r        101.8 r        105.3 r

 2015 IV           98.8 r        102.6 r        103.9          105.6 r        101.8 r        106.9 r
      III         100.5 r        104.0 r        103.5          106.0 r        102.2 r        105.5 r
      II          100.1 r        104.1 r        104.0          105.0 r        101.6 r        104.9 r
      I           100.3 r        104.6 r        104.3          104.4 r        101.7 r        104.0 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 14, 2020
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 5.
 Nondurable manufacturing sector: Revised labor productivity, hourly compensation, and unit labor
 costs, seasonally adjusted.

                                                                              Real
 Year              Labor                                       Hourly         hourly          Unit
 and               produc-                      Hours          compensa-      compensa-       labor
 quarter           tivity        Output         worked         tion (1)       tion (2)        costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2017 ANNUAL       -1.5 r          0.2 r          1.7            1.8 r         -0.3 r          3.3 r

 2017 IV            1.8 r          4.4 r          2.5            1.7 r         -1.4 r         -0.2 r
      III          -6.9 r         -3.4 r          3.7            2.6 r          0.4 r         10.2 r
      II           -0.6            2.3            2.9           -1.2 r         -1.6 r         -0.7 r
      I            -1.0 r         -0.3 r          0.6            3.6 r          0.7 r          4.6 r

 2016 ANNUAL        0.3            1.1            0.8            0.0           -1.3           -0.4 r

 2016 IV            1.4 r          1.2 r         -0.2            3.5 r          1.0 r          2.1 r
      III          -3.0 r         -0.7 r          2.5            0.2 r         -1.7 r          3.3 r
      II           -3.9           -1.7 r          2.2            0.5 r         -2.3 r          4.6 r
      I             5.5 r          3.7 r         -1.7           -2.7 r         -2.6 r         -7.8 r

 2015 ANNUAL       -1.3            0.4            1.7            1.5            1.4 r          2.9 r

 2015 IV           -0.8 r          2.0 r          2.8           -1.2 r         -1.3 r         -0.5 r
      III           2.0 r          1.6           -0.4            3.9            2.4 r          1.9 r
      II           -1.2           -0.3            0.9            0.9 r         -1.9 r          2.1 r
      I            -1.0           -1.3           -0.3            2.4 r          5.0 r          3.5 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2017 ANNUAL       -1.5 r          0.2 r          1.7            1.8 r         -0.3 r          3.3 r

 2017 IV           -1.7 r          0.7 r          2.4            1.6 r         -0.5 r          3.4 r
      III          -1.8 r         -0.1 r          1.8            2.1 r          0.1 r          4.0 r
      II           -0.8 r          0.6 r          1.4            1.5 r         -0.4 r          2.3 r
      I            -1.6 r         -0.4 r          1.3            2.0 r         -0.6 r          3.7 r

 2016 ANNUAL        0.3            1.1            0.8            0.0           -1.3           -0.4 r

 2016 IV           -0.1 r          0.6 r          0.7            0.4 r         -1.4 r          0.4 r
      III          -0.6 r          0.8            1.4           -0.8           -2.0 r         -0.2 r
      II            0.7            1.4            0.7            0.1 r         -1.0 r         -0.5 r
      I             1.3 r          1.7 r          0.4            0.2 r         -0.9 r         -1.1 r

 2015 ANNUAL       -1.3            0.4            1.7            1.5            1.4 r          2.9 r

 2015 IV           -0.3 r          0.5            0.7            1.5 r          1.0 r          1.7 r
      III          -1.8            0.3            2.1            2.0            1.8            3.8  
      II           -2.0            0.0            2.0            1.6            1.5            3.6  
      I            -1.1 r          0.7 r          1.8            1.2 r          1.2            2.2  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2017 ANNUAL       98.8 r        103.8 r        105.0          109.0 r        101.9 r        110.4 r

 2017 IV           98.2 r        104.3 r        106.2          109.6 r        101.6 r        111.6 r
      III          97.8 r        103.2 r        105.5          109.2 r        102.0 r        111.7 r
      II           99.5 r        104.1 r        104.6          108.5 r        101.9 r        109.0 r
      I            99.7 r        103.5 r        103.8          108.8 r        102.3 r        109.2 r

 2016 ANNUAL      100.3 r        103.5 r        103.2          107.1 r        102.3 r        106.8 r

 2016 IV           99.9 r        103.6 r        103.7          107.9 r        102.1 r        107.9 r
      III          99.6 r        103.2 r        103.7          106.9 r        101.9 r        107.4 r
      II          100.3 r        103.4 r        103.1          106.9 r        102.3 r        106.5 r
      I           101.3 r        103.9 r        102.5          106.7 r        102.9 r        105.3 r

 2015 ANNUAL      100.0 r        102.4 r        102.4          107.1 r        103.6 r        107.2 r

 2015 IV          100.0 r        102.9 r        102.9          107.5 r        103.6 r        107.5 r
      III         100.2 r        102.4 r        102.2          107.8 r        103.9 r        107.6 r
      II           99.7 r        102.0 r        102.3          106.8 r        103.3 r        107.1 r
      I           100.0 r        102.1 r        102.1          106.5 r        103.8 r        106.5 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 14, 2020
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 6.
 Nonfinancial corporate sector: Revised labor productivity, hourly compensation, unit labor costs,
 unit profits, and prices, seasonally adjusted.

                                                      Real
                                            Hourly    hourly            Unit      Total           Implicit
 Year         Labor                         compen-   compen-   Unit    nonlabor  unit    Unit    price
 and          produc-             Hours     sation    sation    labor   costs     costs   profits deflator
 quarter      tivity    Output    worked    (1)       (2)       costs   (6)       (7)     (8)     (4)
 ----------------------------------------------------------------------------------------------------------
                          Percent change from previous quarter at annual rate(5)

 2017 ANNUAL    0.9 r     2.6 r    1.7       3.3       1.1       2.4 r    1.9 r    2.2 r   -1.0 r    1.8 r

 2017 IV       -1.0 r     1.7      2.7       2.7 r    -0.4 r     3.7 r   -0.6 r    2.3 r    2.7 r    2.4  
      III      -2.3 r    -0.9 r    1.5       2.8 r     0.6 r     5.2 r    1.8 r    4.1 r  -11.4 r    2.0 r
      II        1.3 r     4.1 r    2.7       0.7 r     0.3 r    -0.6 r    2.1 r    0.3 r    7.6 r    1.2 r
      I         5.1 r     6.8 r    1.6       7.7 r     4.7 r     2.5 r   -3.3 r    0.6     15.7 r    2.4 r

 2016 ANNUAL   -1.2 r     0.2 r    1.5       1.1      -0.2       2.4 r    1.1      1.9     -6.4 r    0.8  

 2016 IV        0.5 r     1.1 r    0.6       3.1 r     0.6       2.7 r    7.8 r    4.3    -14.0 r    1.8 r
      III       0.4 r     2.3 r    1.9       1.1      -0.8       0.7 r    2.0 r    1.1 r    0.2 r    1.0 r
      II       -5.5 r    -4.6 r    0.9       0.7 r    -2.1 r     6.5 r    8.5 r    7.2 r  -24.5 r    2.3 r
      I         1.8 r     2.5 r    0.7       2.0 r     2.1 r     0.3 r  -14.7 r   -4.9 r   31.1 r   -0.8 r

 2015 ANNUAL    0.8 r     3.0 r    2.2       3.0       2.9 r     2.3 r    0.5 r    1.7 r   -3.8 r    0.9 r

 2015 IV       -3.5 r    -0.8 r    2.8      -0.6      -0.6       3.0 r   16.4 r    7.2 r  -35.8 r    0.1  
      III       0.4 r     2.7 r    2.3       0.7 r    -0.9 r     0.2 r   -1.4 r   -0.3 r   12.9      1.5 r
      II       -1.4 r    -0.5 r    0.9       2.5      -0.3       3.9 r    2.4 r    3.4 r   -5.7 r    2.1 r
      I         2.2 r     3.1 r    0.9       9.1 r    11.9 r     6.8 r   -1.1 r    4.1 r  -23.1 r   -0.4 r
 ----------------------------------------------------------------------------------------------------------
                        Percent change from corresponding quarter of previous year

 2017 ANNUAL    0.9 r     2.6 r    1.7       3.3       1.1       2.4 r    1.9 r    2.2 r   -1.0 r    1.8 r

 2017 IV        0.7 r     2.9 r    2.1       3.5 r     1.3 r     2.7 r    0.0 r    1.8 r    3.2 r    2.0 r
      III       1.1 r     2.7 r    1.6       3.6 r     1.5 r     2.4 r    2.0 r    2.3 r   -1.3 r    1.8 r
      II        1.8 r     3.5 r    1.7       3.1 r     1.2       1.3 r    2.1 r    1.6      1.8 r    1.6 r
      I         0.0 r     1.3 r    1.3       3.1 r     0.5 r     3.1 r    3.6 r    3.3 r   -6.8 r    1.9 r

 2016 ANNUAL   -1.2 r     0.2 r    1.5       1.1      -0.2       2.4 r    1.1      1.9     -6.4 r    0.8  

 2016 IV       -0.7 r     0.3 r    1.0       1.7 r    -0.1       2.5 r    0.4 r    1.8 r   -3.9      1.1  
      III      -1.7      -0.2      1.6       0.8      -0.4       2.6      2.4 r    2.5    -10.7 r    0.6 r
      II       -1.7 r    -0.1 r    1.7       0.7      -0.4       2.5 r    1.5 r    2.2 r   -8.0 r    0.8  
      I        -0.7 r     0.9 r    1.7       1.1       0.1 r     1.8 r    0.1 r    1.3 r   -2.7 r    0.7 r

 2015 ANNUAL    0.8 r     3.0 r    2.2       3.0       2.9 r     2.3 r    0.5 r    1.7 r   -3.8 r    0.9 r

 2015 IV       -0.6 r     1.1 r    1.7       2.9 r     2.4 r     3.5 r    3.8 r    3.6 r  -14.9 r    0.8 r
      III       0.5 r     2.5 r    1.9       3.5 r     3.3 r     2.9 r   -0.2 r    1.9 r   -5.3 r    0.8 r
      II        1.4 r     3.5 r    2.1       3.6 r     3.5 r     2.1 r   -0.5 r    1.3 r   -2.1 r    0.8 r
      I         1.7 r     4.8 r    3.1       2.2       2.3       0.5 r   -1.0 r    0.0 r    9.4 r    1.3 r
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2012=100

 2017 ANNUAL  101.3 r   112.0 r  110.5 r   112.0 r   104.7 r   110.5 r  106.1 r  109.1 r   93.0 r  106.8 r

 2017 IV      100.9 r   112.5 r  111.5     113.0 r   104.7 r   111.9 r  106.4 r  110.1 r   92.4 r  107.6 r
      III     101.2 r   112.0 r  110.7     112.2 r   104.8 r   110.9 r  106.5 r  109.5 r   91.8 r  106.9 r
      II      101.8 r   112.3 r  110.3 r   111.4 r   104.7 r   109.5 r  106.1 r  108.4 r   94.6 r  106.4 r
      I       101.4 r   111.2 r  109.6     111.3 r   104.6 r   109.7 r  105.5 r  108.3 r   92.9 r  106.1 r

 2016 ANNUAL  100.4 r   109.1 r  108.7     108.4 r   103.5 r   107.9 r  104.1 r  106.7 r   93.8 r  104.8 r

 2016 IV      100.2 r   109.4 r  109.2     109.2 r   103.4 r   109.0 r  106.4 r  108.1 r   89.6 r  105.5 r
      III     100.1 r   109.1 r  109.0     108.4 r   103.2 r   108.3 r  104.4 r  107.0 r   93.0 r  105.0 r
      II      100.0 r   108.4 r  108.5     108.1 r   103.4 r   108.1 r  103.9 r  106.7 r   93.0 r  104.7 r
      I       101.4 r   109.7 r  108.2     107.9 r   104.0 r   106.4 r  101.8 r  104.9 r   99.7 r  104.1 r

 2015 ANNUAL  101.7 r   108.9 r  107.1     107.2 r   103.7 r   105.5 r  103.0 r  104.6 r  100.2 r  104.0 r

 2015 IV      100.9 r   109.1 r  108.0     107.3 r   103.5 r   106.3 r  106.0 r  106.2 r   93.2 r  104.4 r
      III     101.8 r   109.3 r  107.3     107.5 r   103.6 r   105.6 r  102.0 r  104.4 r  104.2 r  104.3 r
      II      101.7 r   108.6 r  106.7     107.3 r   103.8 r   105.5 r  102.4 r  104.4 r  101.1 r  104.0 r
      I       102.1 r   108.7 r  106.5     106.7 r   103.9 r   104.5 r  101.7 r  103.6 r  102.5 r  103.4 r
 ---------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                          August 14, 2020
 r=revised                                                              Source: Bureau of Labor Statistics

Last Modified Date: August 14, 2020