Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted



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)

2018 III       2.3 r       4.1        1.8        3.1 r      1.1 r      0.9 r      1.8 r      1.3 r
     II        3.0         5.0        2.0        0.0 r     -1.6 r     -2.8 r     12.7 r      3.6  
     I         0.3         2.6        2.3        3.8        0.2        3.4       -0.3        1.8  

2017 ANNUAL    1.1         2.7        1.6        3.4        1.2        2.2        0.9        1.6  

2017 IV       -0.3         3.0        3.3        1.9       -1.3        2.3        3.7        2.9  
     III       2.3         3.6        1.3        5.1        2.9        2.8        1.1        2.1  
     II        1.6         3.8        2.2        1.3        1.2       -0.3        2.3        0.8  
     I         0.4         1.9        1.5        4.7        1.6        4.2       -2.4        1.3  

2016 ANNUAL    0.1         1.6        1.5        1.1       -0.2        0.9        1.2        1.1  

2016 IV        1.3         2.3        1.0        4.7        1.9        3.4       -0.1        1.8  
     III       1.3         2.2        0.9        2.2        0.3        0.9        2.2        1.5  
     II        0.9         2.5        1.6        0.7       -2.0       -0.2        7.8        3.2  
     I         0.3         1.6        1.3        0.1        0.1       -0.2       -0.5       -0.3  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 III       1.3         3.7        2.3 r      2.2 r     -0.4 r      0.9 r      4.3 r      2.4  
     II        1.3         3.5        2.2        2.7 r      0.0 r      1.4 r      4.2 r      2.6  
     I         1.0         3.2        2.3        3.0        0.7        2.0        1.7        1.9  

2017 ANNUAL    1.1         2.7        1.6        3.4        1.2        2.2        0.9        1.6  

2017 IV        1.0         3.1        2.1        3.2        1.1        2.2        1.1        1.8  
     III       1.4         2.9        1.5        3.9        1.9        2.5        0.2        1.5  
     II        1.2         2.6        1.4        3.2        1.3        2.0        0.5        1.4  
     I         1.0         2.2        1.2        3.1        0.5        2.0        1.8        1.9  

2016 ANNUAL    0.1         1.6        1.5        1.1       -0.2        0.9        1.2        1.1  

2016 IV        1.0         2.1        1.2        1.9        0.1        0.9        2.3        1.5  
     III      -0.1         1.6        1.7        0.6       -0.6        0.7        1.5        1.0  
     II       -0.3         1.2        1.5        0.5       -0.6        0.8        1.2        1.0  
     I         0.0         1.6        1.6        1.2        0.1        1.2        0.0        0.7  
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2018 III     105.7 r     118.5 r    112.1 r    115.3 r    104.9 r    109.0 r    110.5 r    109.7 r
     II      105.1       117.3      111.7      114.4 r    104.6 r    108.8 r    110.0 r    109.3  
     I       104.3       115.9      111.1      114.3      105.1      109.6      106.8      108.4  

2017 ANNUAL  103.9       113.8      109.5      112.1      104.8      107.9      105.9      107.0  

2017 IV      104.3       115.2      110.5      113.3      105.0      108.7      106.9      107.9  
     III     104.3       114.3      109.6      112.8      105.3      108.1      105.9      107.1  
     II      103.8       113.3      109.2      111.4      104.6      107.3      105.6      106.6  
     I       103.4       112.3      108.6      111.0      104.3      107.4      105.0      106.4  

2016 ANNUAL  102.8       110.8      107.8      108.5      103.6      105.5      104.9      105.3  

2016 IV      103.2       111.7      108.2      109.7      103.9      106.3      105.7      106.0  
     III     102.9       111.1      108.0      108.5      103.4      105.4      105.7      105.6  
     II      102.6       110.5      107.7      107.9      103.3      105.2      105.1      105.2  
     I       102.3       109.8      107.3      107.7      103.8      105.2      103.2      104.4  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                   December 6, 2018
r=revised                                                        Source: Bureau of Labor Statistics

Table of Contents

Last Modified Date: December 06, 2018