USDL 01-248
TRANSMISSION OF THIS
MATERIAL IS EMBARGOED
UNTIL 8:30 A.M. EDT,
TUESDAY, AUGUST 7, 2001.
Internet address: http://stats.bls.gov/lprhome.htm
Historical, technical
information: (202) 691-5606
Current data: (202) 691-5200
Media contact: (202) 691-5902
PRODUCTIVITY AND COSTS
Second Quarter 2001
The Bureau of Labor Statistics of the U.S. Department of Labor reported
preliminary productivity data--as measured by output per hour of all persons-
-for the second quarter of 2001. The preliminary seasonally adjusted annual
rates of productivity change in the second quarter were:
2.8 percent in the business sector and
2.5 percent in the nonfarm business sector.
In the business sector, productivity growth was the result of a drop of 2.7
percent in hours, while output showed no change. This same pattern occurred
in nonfarm businesses, as hours fell 2.4 percent and output grew only 0.1
percent.
In manufacturing, the preliminary productivity changes in the second
quarter were:
-0.2 percent in manufacturing,
1.0 percent in durable goods manufacturing, and
-2.3 percent in nondurable goods manufacturing.
Manufacturing productivity fell 0.2 percent in the second quarter, after
falling 3.6 percent (as revised) in the previous quarter. These were the
first declines in manufacturing productivity since the second and third
quarters of 1993, when labor productivity fell 0.3 and 0.6 percent,
respectively. Output and hours in manufacturing, which includes about 16
percent of U.S. business-sector employment, tend to vary more from quarter to
quarter than data for the more aggregate business and nonfarm business
sectors. Second-quarter measures are summarized in table A and appear in
detail in tables 1 through 5.
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The data in this release reflect the regular multi-year GDP revisions
released by the Bureau of Economic Analysis of the U.S. Department of
Commerce on July 27. They also reflect the annual benchmark revision to the
BLS establishment survey data and revisions to hours series released by BLS
on June 1. All employment and hours series incorporate new information on
seasonal patterns. See Revised Measures. Appendix tables 1-6 show revised
historical series.
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Table A. Productivity and costs: Preliminary second-quarter 2001 measures
(Seasonally adjusted annual rates)
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Real
Hourly hourly Unit
Produc- compen- compen- labor
Sector tivity Output Hours sation sation costs
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Percent change from preceding quarter
Business 2.8 0.0 -2.7 5.2 2.1 2.4
Nonfarm business 2.5 0.1 -2.4 4.7 1.6 2.1
Manufacturing -0.2 -5.8 -5.6 6.2 3.0 6.4
Durable 1.0 -5.7 -6.6 6.3 3.2 5.3
Nondurable -2.3 -6.1 -3.9 6.1 3.0 8.6
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Percent change from same quarter a year ago
Business 1.7 1.1 -0.6 6.6 3.1 4.8
Nonfarm business 1.6 1.1 -0.5 6.4 2.9 4.8
Manufacturing 1.9 -3.0 -4.8 8.8 5.2 6.7
Durable 3.1 -2.1 -5.1 9.4 5.8 6.1
Nondurable 0.3 -4.2 -4.4 7.8 4.2 7.5
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The data sources and methods used in the preparation of the
manufacturing series differ from those used in preparing the business and
nonfarm business series, and these measures are not directly comparable.
Output measures for business and nonfarm business are based on measures of
gross domestic product prepared by the Bureau of Economic Analysis of the
U.S. Department of Commerce. Quarterly output measures for manufacturing
reflect indexes of industrial production independently prepared by the Board
of Governors of the Federal Reserve System. See Technical Notes for further
information on data sources.
Business
From the first to the second quarter of 2001, business sector
productivity increased at a 2.8-percent annual rate. Output showed no
change, while hours of all persons engaged in the sector fell at a 2.7-
percent annual rate. As revised, labor productivity held steady in the first
quarter of 2001, when both output and hours increased at a 1.2-percent annual
rate (table 1).
Hourly compensation increased 5.2 percent in the second quarter and 5.3
percent in the first quarter of 2001 (seasonally adjusted annual rates).
This measure includes wages and salaries, supplements, employer contributions
to employee benefit plans, and taxes. Real hourly compensation, which takes
into account changes in consumer prices, grew at a 2.1-percent annual rate
during the second quarter of 2001, after rising 1.1 percent during the
previous quarter.
Unit labor costs, which reflect changes in both hourly compensation and
productivity, increased 2.4 percent during the second quarter, following a
5.3-percent rise in the first quarter of 2001. The implicit price deflator
for the business sector, which reflects changes in unit labor costs and unit
nonlabor payments, increased 1.9 percent in the second quarter and 2.9
percent in the first quarter of 2001.
Nonfarm business
Productivity increased 2.5 percent in the nonfarm business sector during
the second quarter of 2001, as output edged up 0.1 percent and hours of all
persons fell 2.4 percent (seasonally adjusted annual rates). This was the
largest decline in hours since the first quarter of 1991, when they fell 4.8
percent. Output per hour rose 0.1 percent in the first quarter of 2001, as
output increased 1.4 percent and hours increased 1.3 percent (table 2).
Hourly compensation increased 4.7 percent in the second quarter, after
posting a 5.1- percent gain in the first quarter of 2001. When the rise in
consumer prices is taken into account, real hourly compensation for the
second quarter of 2001 rose 1.6 percent.
Unit labor costs increased 2.1 percent in the second quarter of 2001,
after rising 5.0 percent one quarter earlier. The implicit price deflator
for nonfarm business output grew 1.7 percent in the second quarter and 2.7
percent in the first quarter of 2001.
Manufacturing
Productivity decreased 0.2 percent in manufacturing, as output fell 5.8
percent and hours of all persons declined by 5.6 percent (seasonally adjusted
annual rates). In the previous quarter, productivity declined by 3.6
percent, as output fell 8.1 percent and hours dropped 4.7 percent. Growth
in second-quarter productivity differed in the durable and nondurable goods
subsectors. In durable goods, productivity rose 1.0 percent as the drop in
hours of all persons, 6.6 percent, exceeded the drop in output, 5.7 percent.
In nondurable goods, productivity declined 2.3 percent, as the decrease in
hours, 3.9 percent, was less than the drop in output, 6.1 percent (tables 3,
4, and 5).
Hourly compensation of all manufacturing workers increased 6.2 percent
during the second quarter. This reflects growth of 6.3 percent in durable
goods and 6.1 percent in nondurable goods. When the increase in consumer
prices is taken into account, the real hourly compensation of all
manufacturing workers rose 3.0 percent in the second quarter. This had risen
1.9 percent in the first quarter.
Unit labor costs in manufacturing rose 6.4 percent in the second
quarter, less than the 10.1 percent increase in the previous quarter.
Reflecting the differing growth rates in productivity in the second quarter,
unit labor costs grew dissimilarly in the two subsectors. Unit labor costs
rose 5.3 percent in durable goods manufacturing and 8.6 percent in nondurable
goods manufacturing.
Revised Measures
Current and previous measures for the first quarter of 2001 for the
business, nonfarm business, and manufacturing sectors are compared in table
B. In the business and nonfarm business sectors, productivity was revised up
and unit labor costs revised down from the figures reported on June 6, based
on information then available. Output was revised up slightly and hours were
revised down. In manufacturing, productivity growth was revised down to
reflect a larger decline in output and a smaller drop in hours than
originally reported. Unit labor costs were higher than originally reported,
reflecting both the downward revision to productivity and an upward revision
to hourly compensation.
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Table B. Previous and revised productivity and related measures
Quarterly percent changes at seasonally adjusted annual rates
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Real
Hourly hourly Unit
Produc- compen- compen- labor
Sector tivity Output Hours sation sation costs
----------------------------------------------------------------------
First quarter 2001
Business:
Previous -1.4 1.0 2.4 5.2 1.0 6.7
Current 0.0 1.2 1.2 5.3 1.1 5.3
Nonfarm business:
Previous -1.2 1.0 2.2 5.1 0.9 6.3
Current 0.1 1.4 1.3 5.1 0.9 5.0
Manufacturing:
Previous -2.1 -7.8 -5.8 4.7 0.5 7.0
Current -3.6 -8.1 -4.7 6.2 1.9 10.1
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Output data for the business and nonfarm business sectors and
compensation series for all sectors incorporate the revisions of the national
income and product accounts produced by the Bureau of Economic Analysis, U.S.
Department of Commerce. Labor input measures have been revised to reflect
the annual benchmarking of employment levels derived from the monthly Current
Employment Statistics (CES) survey that occurred on June 1. Updated seasonal
adjustment factors also have been incorporated into the labor input measures.
These revisions extend back to the first quarter of 1996. Appendix tables 1-
6 present quarterly and annual measures for all sectors for 1996-98.
Revised measures: Nonfinancial Corporations
Productivity and cost measures for the first quarter for nonfinancial
corporations also were revised to incorporate more recent information than
was available on June 5. Productivity was revised upward to reflect both an
upward revision to output and a downward revision to employee hours. Unit
labor costs were lower than originally reported, reflecting the higher
productivity and a slight downward revision to hourly compensation. Unit
profits also were revised down (table C).
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Table C. Nonfinancial corporations: Previous and revised productivity and
cost measures
Quarterly percent changes at seasonally adjusted annual rates
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Real
Hourly hourly Unit Implicit
Produc- compen- compen- labor Unit price
tivity Output Hours sation sation costs profits deflator
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First quarter 2001
Previous -0.1 0.4 0.5 5.9 1.7 6.0 -16.2 1.9
Current 0.6 0.7 0.0 5.7 1.5 5.0 -27.8 1.8
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Next release date
The next release of Productivity and Costs is scheduled for 8:30 a.m.
EDT, Wednesday, Sept. 5, 2001. Revised second-quarter measures for business,
nonfarm business, and manufacturing will be released at that time, along with
preliminary measures for nonfinancial corporations.
TECHNICAL NOTES
Labor Hours: Hours data for the labor productivity and cost measures include
hours for all persons working in the sector-wage and salary workers, the self-
employed, and unpaid family workers. The primary source of hours and
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. The CES also provides average weekly paid
hours of production and nonsupervisory workers in these establishments.
Average weekly paid hours of nonproduction and supervisory workers are
estimated by the Office of Productivity and Technology. Weekly paid hours
are adjusted to hours at work using the BLS Hours at Work survey, conducted
for this purpose.
Data from the BLS Current Population Survey (CPS) are used for farm
labor; in the nonfarm sector, the National Income and Product Accounts (NIPA)
prepared by the Bureau of Economic Analysis (BEA) of the Department of Com
merce and the CPS are used to measure labor input for government enterprises,
proprietors, and unpaid family workers.
Output: Business sector output is an annual-weighted index constructed after
excluding from gross domestic product (GDP) the following outputs: General
government, nonprofit institutions, paid employees of private households, and
the rental value of owner-occupied dwellings. Corresponding exclusions also
are made in labor inputs. Business output accounted for about 77 percent of
the value of GDP in 1996. Nonfarm business, which also excludes farming,
accounted for about 76 percent of GDP in 1996.
Annual indexes for manufacturing and its durable and nondurable goods
components are constructed by deflating current-dollar industry value of
production data from the U.S. Bureau of the Census with deflators from the
BEA. These deflators are based on data from the BLS producer price program
and other sources. The industry shipments are aggregated using annual
weights, and intrasector transactions are removed. Quarterly manufacturing
output measures are based on the index of industrial production prepared
monthly by the Board of Governors of the Federal Reserve System adjusted to
be consistent with annual indexes of manufacturing sector output prepared by
BLS. Durables include the following 2-digit SIC industries: Primary metal
industries; fabricated metal products; nonelectrical machinery; industrial
and commercial machinery and computer equipment; electronic and other
electrical equipment; transportation equipment; instruments; lumber and
lumber products; furniture and fixtures; stone, clay, and glass and concrete
products; and miscellaneous manufactures. Nondurables include: Food and
kindred products, tobacco products, textile mill products, apparel products,
paper and allied products, printing and publishing, chemicals and chemical
products, petroleum refining and related industries, rubber and plastic
products, and leather and leather products.
Nonfinancial corporate output is an annual-weighted index constructed by
excluding from GDP the following outputs: General government; nonprofit
institutions; employees of private households; the rental value of owner-oc
cupied dwellings; unincorporated business; and those corporations which are
depository institutions, nondepository institutions, security and commodity
brokers, insurance carriers, regulated investment offices, small business
investment offices, and real estate investment trusts. Nonfinancial
corporations accounted for about 53 percent of the value of GDP in 1996.
Productivity: These productivity measures describe the relationship between
real output and the labor time involved in its production. They show the
changes from period to period in the amount of goods and services produced
per hour. Although these measures relate output to hours at work of all
persons engaged in a sector, they do not measure the specific contribution of
labor, capital, or any other factor of production. Rather, they reflect the
joint effects of many influences, including changes in technology; capital
investment; level of output; utilization of capacity, energy, and materials;
the organization of production; managerial skill; and the characteristics and
effort of the work force.
Information in this release will be made available to sensory-impaired
individuals upon request. Voice phone: 202-691-5200; Federal Relay Service
number: 1-800-877-8339.
Table 1. Business sector: Productivity, hourly compensation, unit labor costs,
and prices, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
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Indexes 1992=100
1999 I r112.8 r132.4 r117.4 r123.2 r106.6 r109.2 r114.5 r111.2
II r112.5 r132.9 r118.2 r124.5 r107.0 r110.7 r112.6 r111.4
III r113.3 r134.6 r118.8 r126.1 r107.5 r111.3 r112.3 r111.7
IV r115.2 r137.8 r119.6 r127.2 r107.6 r110.4 r114.8 r112.0
ANNUAL r113.4 r134.4 r118.5 r125.2 r107.3 r110.4 r113.6 r111.6
2000 I r115.0 r138.6 r120.5 r129.0 r108.1 r112.1 r114.2 r112.9
II r117.1 r140.8 r120.2 r131.7 r109.6 r112.5 r115.2 r113.5
III r117.4 r141.2 r120.3 r133.8 r110.3 r114.0 r113.9 r113.9
IV r118.2 r141.9 r120.0 r136.8 r112.0 r115.7 r112.1 r114.4
ANNUAL r116.9 r140.6 r120.3 r132.8 r110.1 r113.6 r113.9 r113.7
2001 I r118.2 r142.3 r120.4 r138.6 r112.3 r117.2 r111.8 r115.2
II 119.0 142.3 119.5 140.4 112.9 117.9 112.1 115.8
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Percent change from previous quarter at annual rate(5)
1999 I r3.1 r3.5 r0.4 r4.7 r3.1 r1.5 r0.9 r1.3
II r-1.1 r1.6 r2.7 r4.2 r1.4 r5.4 r-6.3 r0.8
III r2.9 r5.1 r2.1 5.1 2.0 r2.1 r-1.1 r0.9
IV r7.0 9.9 r2.7 r3.5 r0.3 r-3.2 r9.1 r1.2
ANNUAL r2.5 r4.6 2.0 4.6 2.4 r2.0 r-0.8 r0.9
2000 I r-0.6 r2.2 r2.9 r5.9 r1.8 r6.5 r-2.0 r3.2
II r7.3 r6.5 -0.7 r8.6 r5.5 r1.2 r3.6 r2.1
III r1.0 r1.3 r0.3 r6.5 r2.9 r5.5 r-4.5 r1.7
IV r3.0 r1.8 r-1.1 r9.4 r6.3 r6.3 r-6.1 r1.6
ANNUAL r3.1 r4.6 r1.5 r6.0 r2.6 r2.9 r0.3 r1.9
2001 I r0.0 r1.2 r1.2 r5.3 r1.1 r5.3 r-1.3 r2.9
II 2.8 0.0 -2.7 5.2 2.1 2.4 1.1 1.9
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Percent change from corresponding quarter of previous year
1999 I r2.6 r4.5 r1.9 r4.8 r3.2 r2.2 r-1.4 r0.8
II r2.3 r4.4 r2.1 r4.5 r2.5 r2.2 r-1.2 r0.9
III r2.3 r4.6 r2.2 r4.5 r2.2 r2.2 r-1.2 r0.9
IV r2.9 r5.0 r2.0 r4.4 r1.7 r1.4 r0.5 1.1
ANNUAL r2.5 r4.6 2.0 4.6 2.4 r2.0 r-0.8 r0.9
2000 I r2.0 r4.7 r2.6 r4.7 r1.4 r2.6 r-0.3 r1.5
II r4.1 r5.9 r1.8 r5.7 r2.4 r1.6 r2.3 r1.9
III r3.6 r4.9 r1.3 r6.1 r2.6 r2.4 r1.4 r2.1
IV r2.6 r3.0 r0.3 r7.6 r4.1 r4.8 r-2.3 2.1
ANNUAL r3.1 r4.6 r1.5 r6.0 r2.6 r2.9 r0.3 r1.9
2001 I r2.8 r2.7 -0.1 r7.4 r3.9 r4.6 r-2.1 r2.1
II 1.7 1.1 -0.6 6.6 3.1 4.8 -2.7 2.0
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See footnotes following Table 6. August 7, 2001
r=revised Source: Bureau of Labor Statistics
Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs,
and prices, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
---------------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r112.2 r132.8 r118.3 r122.3 r105.9 109.0 r116.0 r111.5
II r111.9 r133.2 119.1 r123.6 r106.2 r110.5 r114.2 r111.8
III r112.7 r134.9 r119.8 r125.1 r106.8 r111.1 r114.0 r112.1
IV r114.7 r138.1 r120.4 r126.4 r107.0 r110.2 r116.5 r112.5
ANNUAL r112.9 r134.8 r119.4 r124.4 r106.5 r110.2 r115.2 r112.0
2000 I r114.5 r138.8 r121.2 r128.4 r107.6 r112.1 r116.0 r113.5
II r116.3 r141.0 r121.3 r130.7 r108.8 r112.4 r116.7 r114.0
III r116.7 r141.4 r121.2 r133.0 r109.7 r114.0 r115.4 114.5
IV r117.4 r142.1 r121.0 r135.9 r111.3 r115.8 r113.5 r114.9
ANNUAL r116.2 r140.8 r121.2 r132.0 r109.4 r113.6 r115.4 r114.2
2001 I r117.4 r142.5 r121.4 r137.6 r111.5 r117.2 r113.1 115.7
II 118.1 142.6 120.7 139.1 111.9 117.8 113.4 116.2
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Percent change from previous quarter at annual rate(5)
1999 I r2.4 r3.5 r1.0 3.8 2.2 r1.3 r1.9 r1.5
II r-1.4 r1.4 r2.8 r4.2 r1.3 r5.6 r-5.9 r1.2
III r3.0 r5.3 r2.2 5.2 r2.1 r2.1 r-0.8 r1.0
IV r7.4 r9.8 r2.3 4.2 0.9 r-2.9 r9.1 r1.4
ANNUAL r2.3 r4.6 2.2 4.4 r2.2 r2.0 r-0.4 r1.1
2000 I r-0.6 r2.0 r2.6 r6.2 r2.1 r6.8 r-1.7 r3.5
II 6.3 6.5 0.2 r7.6 r4.5 r1.2 r2.6 r1.7
III r1.4 r1.2 r-0.2 r7.1 r3.5 r5.6 r-4.4 r1.8
IV r2.3 r1.8 r-0.5 r8.9 r5.8 r6.4 r-6.6 r1.5
ANNUAL r3.0 r4.5 r1.5 r6.1 r2.7 r3.1 r0.2 r2.0
2001 I r0.1 r1.4 r1.3 5.1 0.9 r5.0 r-1.2 r2.7
II 2.5 0.1 -2.4 4.7 1.6 2.1 1.0 1.7
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Percent change from corresponding quarter of previous year
1999 I r2.4 r4.5 2.1 r4.6 r3.0 r2.1 r-1.1 r0.9
II r1.9 r4.3 r2.4 r4.2 2.3 r2.3 r-0.9 r1.1
III r2.1 r4.6 r2.4 r4.3 r1.9 r2.1 r-0.8 r1.0
IV r2.8 r4.9 r2.1 r4.3 r1.6 r1.5 r0.9 1.3
ANNUAL r2.3 r4.6 2.2 4.4 r2.2 r2.0 r-0.4 r1.1
2000 I r2.0 r4.6 r2.5 r5.0 r1.6 r2.9 r0.0 r1.8
II r4.0 r5.9 r1.8 r5.8 r2.4 r1.8 r2.2 r1.9
III r3.6 r4.8 r1.2 r6.3 r2.8 r2.6 r1.3 r2.1
IV r2.3 r2.8 r0.5 r7.4 r4.0 r5.0 r-2.6 r2.2
ANNUAL r3.0 r4.5 r1.5 r6.1 r2.7 r3.1 r0.2 r2.0
2001 I 2.5 r2.7 r0.2 r7.2 r3.7 r4.6 r-2.5 r2.0
II 1.6 1.1 -0.5 6.4 2.9 4.8 -2.8 2.0
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See footnotes following Table 6. August 7, 2001
r=revised Source: Bureau of Labor Statistics
Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r127.4 132.8 r104.3 119.9 103.7 r94.1
II 128.4 134.1 104.5 r121.3 104.2 94.4
III 129.8 135.8 104.7 r123.0 r104.9 r94.7
IV 132.7 138.0 104.0 r124.4 r105.3 r93.7
ANNUAL 129.6 135.2 104.3 r122.1 r104.6 r94.3
2000 I r135.2 140.3 r103.8 r125.9 r105.5 r93.2
II r137.3 143.1 r104.2 r128.1 r106.6 r93.3
III r139.4 144.4 r103.6 r131.2 r108.3 r94.1
IV r141.3 143.9 r101.8 r135.2 r110.7 r95.7
ANNUAL r138.3 142.9 r103.4 r130.1 r107.8 r94.1
2001 I r140.0 r140.9 r100.6 r137.2 r111.3 r98.0
II 139.9 138.8 99.2 139.3 112.1 99.6
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Percent change from previous quarter at annual rate(5)
1999 I 5.1 2.5 -2.5 r2.6 r1.1 r-2.3
II r3.3 4.1 r0.8 r4.8 r1.9 r1.4
III 4.4 5.1 0.7 r5.7 r2.6 r1.2
IV 9.3 6.4 r-2.6 r4.7 r1.4 r-4.2
ANNUAL 4.5 3.7 -0.8 4.0 1.9 -0.5
2000 I r7.6 7.1 r-0.5 r5.1 1.0 r-2.3
II r6.5 8.0 r1.5 r7.0 r3.9 r0.5
III r6.4 3.7 r-2.5 r10.3 r6.5 r3.7
IV r5.3 -1.5 r-6.5 r12.6 r9.4 r6.9
ANNUAL r6.7 5.7 r-0.9 r6.5 r3.1 r-0.2
2001 I r-3.6 r-8.1 r-4.7 r6.2 r1.9 r10.1
II -0.2 -5.8 -5.6 6.2 3.0 6.4
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Percent change from corresponding quarter of previous year
1999 I r4.5 2.9 r-1.5 3.9 2.3 -0.7
II 4.3 3.3 r-1.0 r3.6 r1.7 r-0.7
III 3.7 3.8 0.1 4.0 1.7 0.3
IV r5.5 4.5 r-0.9 r4.4 r1.7 r-1.0
ANNUAL 4.5 3.7 -0.8 4.0 1.9 -0.5
2000 I r6.1 5.7 r-0.4 r5.1 r1.7 r-1.0
II r6.9 6.7 r-0.2 r5.6 r2.2 r-1.2
III r7.4 6.3 r-1.0 r6.7 r3.2 r-0.6
IV r6.5 4.3 r-2.1 r8.7 r5.2 r2.1
ANNUAL r6.7 5.7 r-0.9 r6.5 r3.1 r-0.2
2001 I r3.6 0.4 r-3.1 r9.0 r5.4 r5.2
II 1.9 -3.0 -4.8 8.8 5.2 6.7
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
r=revised Source: Bureau of Labor Statistics
Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r140.2 153.8 r109.7 r117.7 r101.9 r84.0
II r142.2 156.2 109.8 r119.4 r102.6 r84.0
III r144.0 159.5 110.7 r121.1 r103.3 r84.1
IV r147.5 162.2 r110.0 r122.6 103.7 r83.1
ANNUAL r143.5 157.9 r110.1 r120.2 r103.0 r83.8
2000 I r152.0 167.2 r110.0 r124.0 r103.9 r81.6
II r155.9 172.6 r110.8 r126.2 r105.0 r81.0
III r159.7 176.0 r110.2 r129.5 r106.8 r81.1
IV r162.0 175.9 r108.5 r133.9 r109.6 r82.6
ANNUAL r157.4 172.9 r109.9 r128.4 r106.4 r81.6
2001 I r160.3 r171.5 r106.9 r136.0 r110.2 r84.8
II 160.7 169.0 105.1 138.1 111.1 85.9
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r7.5 3.0 r-4.2 r4.0 r2.4 -3.2
II r5.8 6.2 r0.4 r5.8 r2.9 r0.0
III 5.2 8.7 3.4 r5.8 2.7 r0.6
IV r10.1 7.1 r-2.7 r5.0 r1.7 r-4.6
ANNUAL 6.9 6.1 -0.8 r4.7 r2.5 r-2.1
2000 I r12.6 12.7 r0.1 r4.8 r0.8 r-6.9
II r10.7 13.7 r2.8 r7.1 r4.1 r-3.2
III r10.3 8.1 r-1.9 r10.9 r7.1 r0.6
IV r5.9 -0.4 r-6.0 r14.3 r11.0 r7.9
ANNUAL r9.7 9.5 r-0.2 r6.8 r3.3 r-2.6
2001 I r-4.1 r-9.6 r-5.8 r6.3 r2.1 r10.9
II 1.0 -5.7 -6.6 6.3 3.2 5.3
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I 7.4 5.7 -1.6 r4.3 r2.7 r-2.9
II r7.3 6.1 r-1.1 r4.4 r2.4 r-2.8
III r5.8 6.4 r0.5 r4.9 r2.6 r-0.9
IV r7.1 6.2 r-0.8 r5.2 r2.4 r-1.9
ANNUAL 6.9 6.1 -0.8 r4.7 r2.5 r-2.1
2000 I r8.4 8.7 r0.3 r5.3 2.0 r-2.8
II r9.6 10.5 r0.9 r5.7 r2.3 r-3.6
III r10.9 10.4 r-0.5 r6.9 r3.4 r-3.6
IV r9.8 8.4 r-1.3 r9.2 r5.7 r-0.5
ANNUAL r9.7 9.5 r-0.2 r6.8 r3.3 r-2.6
2001 I r5.5 r2.6 r-2.8 r9.6 r6.0 r3.9
II 3.1 -2.1 -5.1 9.4 5.8 6.1
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
r=revised Source: Bureau of Labor Statistics
Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I 116.6 113.1 97.0 r122.1 r105.7 r104.8
II r116.6 113.5 r97.3 r123.1 r105.8 r105.5
III r117.8 113.7 r96.6 r124.5 r106.3 105.8
IV 120.1 115.3 96.0 r125.8 r106.5 r104.8
ANNUAL r117.8 113.9 r96.7 r123.9 106.1 105.2
2000 I r120.7 115.4 r95.6 r127.5 r106.9 r105.7
II 121.2 115.8 95.5 r129.5 r107.8 r106.8
III r121.8 115.3 r94.7 r132.4 r109.2 r108.7
IV r123.2 114.4 r92.9 r135.4 r110.9 r110.0
ANNUAL r121.7 115.2 r94.7 r131.2 r108.7 r107.8
2001 I r122.2 112.7 r92.2 r137.5 r111.4 r112.5
II 121.5 110.9 91.3 139.5 112.3 114.8
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r1.6 1.8 r0.2 r0.7 r-0.9 r-0.9
II r0.2 1.5 r1.3 r3.1 r0.3 r2.9
III 4.0 0.7 r-3.1 r4.9 r1.9 r0.9
IV r8.2 5.6 r-2.5 r4.2 r0.9 r-3.7
ANNUAL r1.6 0.7 r-0.9 r2.8 r0.7 r1.2
2000 I r1.9 0.5 r-1.4 r5.5 r1.4 r3.5
II r1.8 1.2 r-0.6 r6.4 r3.4 r4.5
III r1.9 -1.5 r-3.4 r9.1 r5.4 r7.1
IV r4.5 -3.1 r-7.3 r9.6 r6.5 r4.9
ANNUAL r3.3 1.2 r-2.1 r5.9 r2.4 r2.4
2001 I r-3.0 r-5.9 r-3.0 r6.2 r1.9 r9.4
II -2.3 -6.1 -3.9 6.1 3.0 8.6
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r1.1 -0.3 -1.5 r3.2 r1.6 r2.0
II r0.7 0.0 r-0.7 2.4 r0.5 r1.7
III r1.2 0.7 r-0.5 r2.5 r0.2 r1.3
IV 3.4 2.4 -1.0 r3.2 r0.5 r-0.2
ANNUAL r1.6 0.7 r-0.9 r2.8 r0.7 r1.2
2000 I r3.5 2.0 r-1.4 r4.4 r1.1 r0.9
II r3.9 2.0 r-1.9 r5.2 r1.9 r1.2
III r3.4 1.4 r-2.0 r6.3 r2.7 r2.8
IV r2.5 -0.8 r-3.2 r7.6 r4.1 r5.0
ANNUAL r3.3 1.2 r-2.1 r5.9 r2.4 r2.4
2001 I r1.3 r-2.4 r-3.6 r7.8 r4.3 r6.5
II 0.3 -4.2 -4.4 7.8 4.2 7.5
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
r=revised Source: Bureau of Labor Statistics
Table 6. Nonfinancial corporations: Productivity, hourly compensation, unit labor costs, unit profits,
and prices, seasonally adjusted
Output Hourly Real Unit Total Unit Implicit
Year per all- compen- hourly Unit non- unit pro- price
and employee Employee sation compen- labor labor costs fits deflator
quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4)
----------------------------------------------------------------------------------------------------------
Indexes 1992=100
1999 I r114.3 r139.2 r121.8 r119.2 r103.2 r104.3 r103.0 r103.9 r141.8 r107.1
II r114.4 r140.3 122.6 r120.4 r103.5 r105.2 r103.7 r104.8 r135.8 107.5
III r115.2 r142.3 r123.4 r121.9 r104.0 r105.8 r105.1 r105.6 r128.2 107.5
IV r116.5 r145.0 r124.5 r123.1 104.1 r105.6 r105.0 r105.4 r131.1 r107.6
ANNUAL r115.1 r141.7 r123.1 r121.2 r103.8 r105.2 r104.2 r105.0 r134.2 107.4
2000 I r117.7 r147.5 r125.4 r124.7 r104.5 r106.0 r105.5 r105.9 r134.3 r108.3
II r119.7 r150.3 r125.5 r127.2 r105.8 r106.2 r105.3 r106.0 r137.8 r108.7
III r120.9 r151.9 r125.6 r129.3 r106.6 r106.9 r105.6 r106.6 r133.8 108.9
IV r121.4 r152.4 r125.6 r132.3 r108.3 r109.0 r106.0 r108.2 r118.5 r109.0
ANNUAL r119.9 r150.5 r125.5 r128.3 r106.4 r107.0 105.6 r106.7 r131.0 r108.7
2001 I r121.5 r152.6 r125.6 r134.1 r108.7 r110.3 r107.5 r109.6 r109.2 r109.5
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1999 I r3.9 r6.0 r2.0 r4.5 r2.9 r0.6 r-1.0 r0.1 r12.4 r1.4
II r0.4 r3.2 r2.8 r4.2 r1.3 r3.8 r2.8 r3.6 r-16.0 1.2
III r2.8 r5.6 r2.7 r4.9 r1.9 r2.1 r5.5 r3.0 r-20.4 r0.3
IV r4.5 r8.0 r3.3 r3.8 r0.6 r-0.6 r-0.7 r-0.6 r9.1 r0.3
ANNUAL r3.0 r5.5 r2.4 4.5 2.3 r1.4 r2.0 r1.6 r-5.3 0.8
2000 I r4.0 r7.2 3.0 r5.5 r1.4 r1.4 r2.2 r1.6 r10.2 r2.5
II r7.1 r7.6 r0.5 r8.1 r5.0 r0.9 r-0.7 r0.4 r11.0 r1.5
III r4.0 4.4 r0.4 r6.8 r3.1 r2.7 r0.8 r2.2 r-11.1 r0.7
IV r1.6 r1.3 r-0.3 r9.6 r6.5 r7.9 r1.7 r6.2 r-38.6 r0.6
ANNUAL r4.1 r6.2 r2.0 r5.9 r2.5 r1.7 r1.3 r1.6 r-2.3 1.2
2001 I r0.6 r0.7 r0.0 r5.7 r1.5 r5.0 r5.8 r5.2 r-27.8 r1.8
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1999 I r4.0 r6.1 2.0 4.7 3.1 r0.7 r1.3 r0.8 r-1.3 r0.6
II r2.9 r5.4 2.4 4.4 2.4 r1.4 r1.8 r1.5 r-3.2 1.0
III r2.2 r4.9 r2.6 4.4 2.0 r2.1 r3.3 r2.4 r-11.5 r0.8
IV r2.9 r5.7 r2.7 4.4 1.7 r1.5 r1.6 r1.5 r-4.9 r0.8
ANNUAL r3.0 r5.5 r2.4 4.5 2.3 r1.4 r2.0 r1.6 r-5.3 0.8
2000 I r2.9 r6.0 r3.0 r4.6 r1.3 r1.7 r2.4 r1.9 r-5.3 r1.1
II r4.6 7.1 r2.4 r5.6 r2.2 r0.9 r1.6 r1.1 r1.5 1.1
III r4.9 r6.8 r1.8 r6.0 r2.5 r1.1 r0.4 r0.9 r4.3 1.3
IV r4.2 r5.1 r0.9 r7.5 r4.0 r3.2 r1.0 r2.6 r-9.6 r1.3
ANNUAL r4.1 r6.2 r2.0 r5.9 r2.5 r1.7 r1.3 r1.6 r-2.3 1.2
2001 I r3.3 r3.4 0.1 r7.5 r4.0 r4.1 r1.9 r3.5 r-18.7 r1.2
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
r=revised Source: Bureau of Labor Statistics
1
Appendix table 1. Business sector: Revised productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
---------------------------------------------------------------------------------------------------------
Indexes 1992=100
1996 I 104.4 114.0 109.2 108.5 99.3 104.0 112.3 107.0
II 105.6 116.1 110.0 109.7 99.6 103.9 113.7 107.5
III 105.6 116.8 110.7 110.7 100.0 104.8 113.3 108.0
IV 106.0 118.4 111.7 111.6 99.9 105.3 113.7 108.4
ANNUAL 105.4 116.4 110.4 110.1 99.8 104.5 113.3 107.7
1997 I 106.4 119.9 112.7 112.2 99.9 105.4 115.3 109.1
II 107.5 122.0 113.5 112.5 100.0 104.7 118.0 109.6
III 108.5 123.5 113.8 113.8 100.7 104.9 118.4 109.9
IV 108.7 124.4 114.5 115.6 101.7 106.4 116.7 110.2
ANNUAL 107.8 122.5 113.6 113.5 100.7 105.3 117.1 109.7
1998 I 110.0 126.7 115.2 117.6 103.3 106.9 116.1 110.3
II 110.0 127.3 115.8 119.1 104.4 108.3 114.0 110.4
III 110.7 128.7 116.3 120.6 105.2 108.9 113.7 110.7
IV 111.9 131.3 117.3 121.8 105.8 108.8 114.2 110.8
ANNUAL 110.7 128.5 116.1 119.8 104.8 108.2 114.5 110.6
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I 4.0 4.1 0.1 2.2 -0.9 -1.8 7.4 1.7
II 4.6 7.6 2.8 4.5 1.0 -0.1 5.1 1.9
III -0.1 2.4 2.5 3.5 1.5 3.6 -1.4 1.6
IV 1.5 5.5 3.9 3.2 -0.1 1.6 1.3 1.5
ANNUAL 2.8 4.4 1.6 3.2 0.4 0.4 3.5 1.6
1997 I 1.6 5.2 3.5 2.2 -0.1 0.6 5.9 2.6
II 4.2 7.1 2.8 1.4 0.5 -2.7 9.6 1.9
III 3.8 4.9 1.1 4.5 2.8 0.7 1.5 1.0
IV 0.6 3.2 2.6 6.4 4.2 5.8 -5.7 1.1
ANNUAL 2.3 5.2 2.9 3.1 0.9 0.8 3.4 1.8
1998 I 4.9 7.5 2.5 7.1 6.3 2.1 -2.0 0.5
II 0.1 1.9 1.9 5.4 4.2 5.3 -6.9 0.5
III 2.6 4.4 1.7 5.0 3.4 2.3 -1.2 0.9
IV 4.6 8.2 3.5 4.2 2.3 -0.4 2.0 0.5
ANNUAL 2.7 4.9 2.2 5.5 4.0 2.8 -2.2 0.8
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I 2.4 3.2 0.8 2.8 0.2 0.5 3.1 1.5
II 3.2 4.9 1.6 3.1 0.5 0.0 4.2 1.6
III 3.0 4.5 1.5 3.4 0.7 0.4 3.6 1.6
IV 2.5 4.9 2.3 3.3 0.4 0.8 3.0 1.7
ANNUAL 2.8 4.4 1.6 3.2 0.4 0.4 3.5 1.6
1997 I 1.9 5.2 3.2 3.3 0.6 1.4 2.7 1.9
II 1.8 5.0 3.2 2.6 0.4 0.7 3.8 1.9
III 2.8 5.7 2.8 2.8 0.8 0.0 4.5 1.8
IV 2.5 5.1 2.5 3.6 1.8 1.1 2.7 1.7
ANNUAL 2.3 5.2 2.9 3.1 0.9 0.8 3.4 1.8
1998 I 3.3 5.7 2.2 4.8 3.4 1.4 0.7 1.1
II 2.3 4.4 2.0 5.8 4.3 3.5 -3.3 0.8
III 2.0 4.2 2.2 6.0 4.5 3.9 -4.0 0.7
IV 3.0 5.5 2.4 5.4 4.0 2.3 -2.1 0.6
ANNUAL 2.7 4.9 2.2 5.5 4.0 2.8 -2.2 0.8
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
Source: Bureau of Labor Statistics
Appendix table 2. Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs,
and prices, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit Unit non- Implicit
and hour of of all tion per tion per labor labor pay- price
quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4)
---------------------------------------------------------------------------------------------------------
Indexes 1992=100
1996 I 104.5 114.4 109.4 108.3 99.2 103.6 112.7 106.9
II 105.6 116.4 110.3 109.5 99.3 103.7 113.8 107.3
III 105.5 117.2 111.0 110.3 99.6 104.5 113.4 107.7
IV 105.9 118.7 112.1 111.2 99.6 104.9 114.2 108.3
ANNUAL 105.4 116.7 110.7 109.8 99.5 104.2 113.5 107.6
1997 I 106.2 120.2 113.1 111.8 99.6 105.2 115.9 109.1
II 107.3 122.2 113.9 112.2 99.7 104.5 118.8 109.7
III 108.2 123.6 114.2 113.3 100.3 104.7 119.4 110.1
IV 108.4 124.7 115.0 115.0 101.3 106.1 117.8 110.4
ANNUAL 107.5 122.7 114.1 113.1 100.3 105.2 118.0 109.8
1998 I 109.6 127.0 115.9 116.9 102.7 106.7 117.3 110.5
II 109.7 127.7 116.3 118.5 103.9 108.0 115.2 110.6
III 110.4 129.0 116.9 120.0 104.7 108.7 114.8 111.0
IV 111.6 131.6 118.0 121.2 105.3 108.6 115.4 111.1
ANNUAL 110.3 128.8 116.8 119.2 104.2 108.0 115.7 110.8
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I 3.8 3.9 0.1 2.3 -0.8 -1.5 6.7 1.6
II 4.1 7.4 3.2 4.2 0.7 0.0 4.1 1.6
III -0.2 2.5 2.7 3.1 1.1 3.3 -1.5 1.4
IV 1.5 5.6 4.0 3.2 -0.1 1.7 2.7 2.1
ANNUAL 2.5 4.3 1.7 3.1 0.3 0.5 2.8 1.4
1997 I 1.1 4.8 3.7 2.3 0.0 1.1 6.3 3.1
II 4.2 7.1 2.7 1.4 0.6 -2.6 10.2 2.2
III 3.3 4.6 1.3 4.0 2.3 0.7 2.4 1.3
IV 0.6 3.4 2.8 6.2 4.0 5.6 -5.5 1.1
ANNUAL 2.0 5.1 3.1 3.0 0.8 0.9 3.9 2.1
1998 I 4.7 7.8 3.0 6.8 6.0 2.0 -1.7 0.6
II 0.5 2.1 1.6 5.6 4.4 5.1 -6.7 0.4
III 2.2 4.3 2.0 5.0 3.4 2.7 -1.3 1.2
IV 4.5 8.3 3.6 4.0 2.1 -0.4 2.0 0.5
ANNUAL 2.6 5.0 2.4 5.4 3.9 2.7 -1.9 0.9
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I 2.3 3.2 0.9 2.8 0.2 0.5 2.5 1.3
II 3.0 4.8 1.8 3.0 0.4 0.1 3.2 1.2
III 2.7 4.4 1.7 3.2 0.5 0.5 2.8 1.3
IV 2.3 4.8 2.5 3.2 0.2 0.9 3.0 1.7
ANNUAL 2.5 4.3 1.7 3.1 0.3 0.5 2.8 1.4
1997 I 1.6 5.1 3.4 3.2 0.4 1.5 2.9 2.0
II 1.6 5.0 3.3 2.5 0.4 0.9 4.3 2.2
III 2.5 5.5 2.9 2.7 0.7 0.2 5.3 2.2
IV 2.3 5.0 2.6 3.5 1.7 1.1 3.1 1.9
ANNUAL 2.0 5.1 3.1 3.0 0.8 0.9 3.9 2.1
1998 I 3.2 5.7 2.5 4.6 3.2 1.4 1.2 1.3
II 2.3 4.5 2.2 5.7 4.2 3.3 -3.0 0.8
III 2.0 4.4 2.3 5.9 4.4 3.8 -3.8 0.8
IV 2.9 5.6 2.6 5.3 4.0 2.3 -2.0 0.7
ANNUAL 2.6 5.0 2.4 5.4 3.9 2.7 -1.9 0.9
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
Source: Bureau of Labor Statistics
Appendix table 3. Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1996 I 111.3 114.2 102.6 108.4 99.2 97.4
II 112.3 116.5 103.7 109.1 99.0 97.1
III 113.4 118.0 104.0 109.6 99.0 96.7
IV 114.3 119.1 104.3 110.3 98.8 96.5
ANNUAL 112.8 117.0 103.6 109.4 99.1 96.9
1997 I 115.2 121.1 105.1 110.3 98.2 95.8
II 116.2 122.7 105.6 110.5 98.2 95.1
III 118.9 125.1 105.2 111.6 98.7 93.8
IV 120.2 127.4 106.0 113.3 99.8 94.3
ANNUAL 117.6 124.1 105.5 111.4 98.8 94.7
1998 I 121.8 129.0 105.9 115.4 101.4 94.7
II 123.1 129.8 105.5 117.0 102.5 95.1
III 125.2 130.8 104.5 118.2 103.2 94.4
IV 125.8 132.0 104.9 119.1 103.5 94.7
ANNUAL 124.0 130.4 105.2 117.4 102.7 94.7
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I 3.6 0.4 -3.2 -0.6 -3.6 -4.1
II 3.5 8.1 4.4 2.3 -1.1 -1.1
III 4.1 5.3 1.2 2.2 0.2 -1.8
IV 3.0 3.9 0.9 2.4 -0.9 -0.5
ANNUAL 3.5 3.1 -0.4 1.4 -1.3 -2.1
1997 I 3.2 6.7 3.4 -0.1 -2.4 -3.2
II 3.8 5.5 1.6 0.8 0.0 -2.8
III 9.6 8.2 -1.3 3.9 2.1 -5.3
IV 4.3 7.4 3.0 6.4 4.2 2.1
ANNUAL 4.3 6.1 1.8 1.9 -0.3 -2.3
1998 I 5.5 5.1 -0.4 7.6 6.8 2.0
II 4.2 2.5 -1.6 5.7 4.5 1.5
III 7.0 3.2 -3.6 4.0 2.5 -2.8
IV 2.0 3.5 1.5 3.1 1.2 1.1
ANNUAL 5.4 5.1 -0.2 5.4 3.9 0.0
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I 3.6 1.1 -2.4 1.5 -1.0 -2.0
II 3.4 3.2 -0.2 1.2 -1.4 -2.2
III 3.5 3.9 0.4 1.2 -1.4 -2.3
IV 3.5 4.4 0.8 1.6 -1.4 -1.9
ANNUAL 3.5 3.1 -0.4 1.4 -1.3 -2.1
1997 I 3.4 6.0 2.5 1.7 -1.0 -1.7
II 3.5 5.3 1.8 1.3 -0.8 -2.1
III 4.9 6.1 1.1 1.7 -0.3 -3.0
IV 5.2 6.9 1.7 2.7 1.0 -2.3
ANNUAL 4.3 6.1 1.8 1.9 -0.3 -2.3
1998 I 5.8 6.6 0.7 4.7 3.3 -1.1
II 5.9 5.8 -0.1 5.9 4.4 0.0
III 5.2 4.6 -0.6 5.9 4.5 0.7
IV 4.7 3.6 -1.0 5.1 3.7 0.4
ANNUAL 5.4 5.1 -0.2 5.4 3.9 0.0
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
Source: Bureau of Labor Statistics
Appendix table 4. Durable manufacturing sector: Revised productivity, hourly compensation, and
unit labor costs, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1996 I 116.2 122.7 105.6 106.8 97.8 91.9
II 117.6 126.2 107.3 107.1 97.2 91.1
III 118.9 128.1 107.7 107.6 97.2 90.5
IV 119.9 129.4 108.0 108.0 96.7 90.1
ANNUAL 118.2 126.6 107.2 107.4 97.3 90.9
1997 I 120.4 132.0 109.6 107.6 95.9 89.4
II 122.3 134.9 110.2 107.9 95.9 88.2
III 125.8 138.6 110.2 109.0 96.4 86.6
IV 128.1 142.3 111.1 110.9 97.6 86.6
ANNUAL 124.2 137.0 110.3 108.9 96.5 87.7
1998 I 130.6 145.6 111.5 112.9 99.2 86.5
II 132.5 147.2 111.1 114.4 100.2 86.3
III 136.1 149.9 110.2 115.4 100.7 84.8
IV 137.7 152.7 110.9 116.6 101.3 84.7
ANNUAL 134.2 148.8 110.9 114.8 100.4 85.6
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I 4.8 2.4 -2.3 -3.1 -6.1 -7.6
II 4.7 11.9 6.9 1.0 -2.3 -3.5
III 4.6 6.1 1.4 1.8 -0.2 -2.7
IV 3.2 4.2 0.9 1.4 -1.8 -1.7
ANNUAL 4.4 5.4 0.9 -0.1 -2.8 -4.4
1997 I 1.9 8.2 6.2 -1.2 -3.4 -3.0
II 6.5 9.0 2.3 0.9 0.1 -5.3
III 11.8 11.6 -0.2 4.0 2.2 -7.0
IV 7.5 11.2 3.4 7.3 5.0 -0.2
ANNUAL 5.1 8.2 2.9 1.4 -0.8 -3.5
1998 I 8.0 9.4 1.3 7.5 6.8 -0.5
II 6.0 4.4 -1.5 5.4 4.2 -0.6
III 11.3 7.7 -3.2 3.5 2.0 -7.0
IV 4.8 7.6 2.7 4.1 2.2 -0.7
ANNUAL 8.1 8.7 0.5 5.5 4.0 -2.4
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I 4.1 2.9 -1.1 0.1 -2.4 -3.8
II 4.6 6.0 1.3 -0.5 -3.1 -4.9
III 4.7 6.4 1.7 -0.5 -3.0 -4.9
IV 4.3 6.1 1.7 0.2 -2.6 -3.9
ANNUAL 4.4 5.4 0.9 -0.1 -2.8 -4.4
1997 I 3.6 7.6 3.8 0.8 -1.9 -2.7
II 4.0 6.8 2.7 0.7 -1.4 -3.2
III 5.8 8.2 2.3 1.3 -0.8 -4.3
IV 6.9 10.0 2.9 2.7 0.9 -3.9
ANNUAL 5.1 8.2 2.9 1.4 -0.8 -3.5
1998 I 8.4 10.3 1.7 4.9 3.5 -3.3
II 8.3 9.1 0.7 6.0 4.5 -2.1
III 8.2 8.2 0.0 5.9 4.5 -2.1
IV 7.5 7.3 -0.2 5.1 3.8 -2.2
ANNUAL 8.1 8.7 0.5 5.5 4.0 -2.4
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
Source: Bureau of Labor Statistics
Appendix table 5. Nondurable manufacturing sector: Revised productivity, hourly compensation, and
unit labor costs, seasonally adjusted
Real
Year Output per Hours Compensa- compensa- Unit
and hour of of all tion per tion per labor
quarter all persons Output persons hour (1) hour (2) costs
--------------------------------------------------------------------------------------------------
Indexes 1992=100
1996 I 107.4 105.9 98.6 110.4 101.0 102.8
II 108.1 106.9 98.9 111.5 101.2 103.1
III 109.2 108.2 99.1 112.2 101.3 102.8
IV 110.0 109.3 99.3 113.3 101.5 103.0
ANNUAL 108.7 107.6 99.0 111.8 101.3 102.9
1997 I 111.7 110.8 99.2 113.7 101.3 101.8
II 112.1 111.3 99.3 113.9 101.2 101.6
III 114.2 112.6 98.6 114.8 101.6 100.6
IV 114.4 113.4 99.2 116.2 102.3 101.6
ANNUAL 113.1 112.0 99.0 114.7 101.7 101.4
1998 I 115.3 113.5 98.4 118.3 104.0 102.7
II 115.8 113.6 98.1 120.1 105.3 103.7
III 116.4 113.0 97.0 121.5 106.1 104.4
IV 116.1 112.6 97.0 121.9 105.9 105.0
ANNUAL 115.9 113.1 97.6 120.5 105.4 104.0
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I 2.7 -1.9 -4.5 3.5 0.3 0.8
II 2.9 3.9 1.0 4.0 0.6 1.1
III 3.9 4.8 0.9 2.8 0.8 -1.1
IV 3.2 4.2 0.9 4.1 0.7 0.8
ANNUAL 2.9 0.8 -2.1 3.6 0.9 0.7
1997 I 6.2 5.6 -0.6 1.2 -1.1 -4.7
II 1.3 1.8 0.6 0.6 -0.2 -0.6
III 7.8 4.6 -3.0 3.5 1.8 -4.0
IV 0.7 3.2 2.4 5.0 2.7 4.2
ANNUAL 4.1 4.1 0.1 2.5 0.3 -1.5
1998 I 3.0 0.1 -2.8 7.4 6.7 4.3
II 2.0 0.3 -1.6 6.2 5.0 4.2
III 2.1 -2.0 -4.1 4.8 3.2 2.6
IV -1.1 -1.4 -0.3 1.3 -0.6 2.3
ANNUAL 2.5 1.0 -1.4 5.1 3.6 2.5
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I 3.3 -1.0 -4.1 3.6 1.0 0.3
II 2.5 0.1 -2.4 3.6 0.9 1.1
III 2.7 1.2 -1.5 3.6 0.9 0.9
IV 3.2 2.7 -0.4 3.6 0.6 0.4
ANNUAL 2.9 0.8 -2.1 3.6 0.9 0.7
1997 I 4.0 4.6 0.5 3.0 0.2 -1.0
II 3.6 4.1 0.4 2.2 0.0 -1.4
III 4.6 4.0 -0.5 2.3 0.3 -2.2
IV 4.0 3.8 -0.2 2.6 0.8 -1.4
ANNUAL 4.1 4.1 0.1 2.5 0.3 -1.5
1998 I 3.2 2.4 -0.7 4.1 2.7 0.9
II 3.4 2.0 -1.3 5.5 4.0 2.1
III 1.9 0.4 -1.5 5.8 4.4 3.8
IV 1.5 -0.8 -2.2 4.9 3.5 3.3
ANNUAL 2.5 1.0 -1.4 5.1 3.6 2.5
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
Source: Bureau of Labor Statistics
Appendix table 6. Nonfinancial corporations: Revised productivity, hourly compensation, unit labor costs,
unit profits, and prices, seasonally adjusted
Output Hourly Real Unit Total Unit Implicit
Year per all- compen- hourly Unit non- unit pro- price
and employee Employee sation compen- labor labor costs fits deflator
quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4)
----------------------------------------------------------------------------------------------------------
Indexes 1992=100
1996 I 106.4 117.0 110.0 107.8 98.6 101.3 101.3 101.3 150.5 105.5
II 107.4 119.1 110.9 108.9 98.8 101.4 100.7 101.2 151.8 105.5
III 107.9 120.7 111.9 109.5 98.9 101.5 100.3 101.2 151.9 105.5
IV 108.4 122.9 113.4 109.8 98.3 101.2 100.2 100.9 154.6 105.5
ANNUAL 107.5 119.9 111.5 109.0 98.7 101.4 100.6 101.2 152.2 105.5
1997 I 107.6 123.8 115.1 109.6 97.6 101.9 100.6 101.6 154.8 106.1
II 107.6 125.7 116.8 109.5 97.3 101.7 101.5 101.7 155.4 106.2
III 108.9 128.2 117.7 110.3 97.6 101.3 101.0 101.2 160.5 106.2
IV 109.6 130.2 118.8 111.9 98.5 102.1 100.6 101.7 156.8 106.3
ANNUAL 108.5 127.0 117.1 110.4 97.9 101.8 100.9 101.5 156.9 106.2
1998 I 109.9 131.3 119.4 113.8 100.0 103.6 101.7 103.1 143.8 106.5
II 111.2 133.2 119.7 115.4 101.1 103.7 101.9 103.2 140.3 106.4
III 112.8 135.6 120.3 116.8 102.0 103.6 101.8 103.1 144.9 106.6
IV 113.3 137.2 121.2 117.9 102.4 104.1 103.3 103.9 137.8 106.8
ANNUAL 111.8 134.3 120.1 116.0 101.4 103.7 102.2 103.3 141.7 106.6
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
1996 I 3.6 3.3 -0.3 2.2 -0.9 -1.4 -2.9 -1.8 21.7 0.7
II 3.7 7.4 3.5 4.1 0.7 0.4 -2.1 -0.3 3.3 0.1
III 1.8 5.6 3.8 2.3 0.3 0.5 -1.6 -0.1 0.4 0.0
IV 2.2 7.5 5.2 1.0 -2.3 -1.2 -0.7 -1.0 7.1 -0.1
ANNUAL 3.2 5.0 1.8 2.7 -0.1 -0.5 -1.5 -0.8 9.5 0.4
1997 I -3.1 3.0 6.3 -0.4 -2.7 2.7 1.9 2.5 0.6 2.3
II 0.1 6.0 5.9 -0.5 -1.3 -0.6 3.5 0.5 1.7 0.6
III 4.9 8.4 3.3 3.1 1.4 -1.7 -2.1 -1.8 13.7 0.0
IV 2.6 6.3 3.6 5.8 3.5 3.1 -1.5 1.8 -8.9 0.4
ANNUAL 0.9 5.9 5.0 1.3 -0.9 0.4 0.3 0.4 3.1 0.7
1998 I 1.1 3.3 2.2 7.2 6.4 6.0 4.4 5.5 -29.3 0.6
II 4.8 5.9 1.1 5.5 4.3 0.7 0.8 0.7 -9.2 -0.5
III 5.7 7.7 1.9 5.0 3.4 -0.6 -0.4 -0.6 13.6 0.9
IV 1.7 4.8 3.0 3.8 2.0 2.1 6.1 3.1 -18.3 0.5
ANNUAL 3.1 5.8 2.6 5.1 3.7 2.0 1.2 1.8 -9.7 0.3
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
1996 I 3.2 4.0 0.8 2.5 -0.1 -0.7 -1.0 -0.8 12.2 0.6
II 3.7 5.2 1.5 2.9 0.2 -0.8 -2.0 -1.1 12.8 0.4
III 3.0 5.0 1.9 2.8 0.2 -0.2 -1.3 -0.5 5.8 0.2
IV 2.8 5.9 3.0 2.4 -0.6 -0.4 -1.8 -0.8 7.8 0.2
ANNUAL 3.2 5.0 1.8 2.7 -0.1 -0.5 -1.5 -0.8 9.5 0.4
1997 I 1.1 5.9 4.7 1.7 -1.0 0.6 -0.6 0.3 2.8 0.6
II 0.2 5.5 5.3 0.6 -1.5 0.3 0.8 0.5 2.4 0.7
III 1.0 6.2 5.2 0.8 -1.2 -0.2 0.6 0.0 5.6 0.7
IV 1.1 5.9 4.8 2.0 0.2 0.8 0.4 0.7 1.4 0.8
ANNUAL 0.9 5.9 5.0 1.3 -0.9 0.4 0.3 0.4 3.1 0.7
1998 I 2.2 6.0 3.7 3.8 2.5 1.6 1.0 1.5 -7.1 0.4
II 3.3 6.0 2.5 5.4 3.9 2.0 0.4 1.5 -9.7 0.1
III 3.5 5.8 2.2 5.9 4.4 2.2 0.8 1.9 -9.7 0.4
IV 3.3 5.4 2.0 5.4 4.0 2.0 2.7 2.2 -12.1 0.4
ANNUAL 3.1 5.8 2.6 5.1 3.7 2.0 1.2 1.8 -9.7 0.3
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 7, 2001
Source: Bureau of Labor Statistics
2
SOURCES: Output data are from the Bureau of Economic Analysis and the Census
Bureau of the U.S. Department of Commerce; the Bureau of Labor Statistics,
U.S. Department of Labor; and the Federal Reserve Board. Compensation and
hours data are from the Bureau of Labor Statistics and the Bureau of Economic
Analysis.
RELIABILITY: Productivity and cost measures are regularly revised as more
complete information becomes available. The measures are first published
within 40 days of the close of the reference period; revisions appear 30 days
later and second revisions after an additional 60 days. In the business
sector, the third publication (second revision) of a quarterly index of
output per hour of all persons has differed from the initial value by between
–1.6 and +1.8 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 2001.
Footnotes, Tables 1-6
(1) Wages and salaries of employees plus employers' contributions for
social insurance and private benefit plans. Except for nonfinancial
corporations, where there are no self-employed, data also include an
estimate of wages, salaries, and supplemental payments for the self-
employed.
(2) The change for recent quarters is based on the Consumer Price Index for
all urban consumers (CPI-U). The trend from 1978-2000 is based on the
Consumer Price Index research series (CPI-U-RS).
(3) Unit nonlabor payments include profits, capital consumption allowances,
interest, rental income of persons, and indirect taxes.
(4) Current dollar output divided by the output index.
(5) Quarterly changes: Percent change compounded at annual rate from the
original data rather than index numbers. Annual changes: Percent
change between annual average levels.
(6) Unit nonlabor costs include capital consumption allowances, interest,
rental income of persons, and indirect taxes. For nonfinancial
corporations, rental income of persons is zero by definition.
(7) Total unit costs are the sum of unit labor and nonlabor costs.
(8) Unit profits include corporate profits with inventory valuation and
capital consumption adjustments