USDL 05-1513
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TUESDAY, AUG. 9, 2005
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PRODUCTIVITY AND COSTS
Preliminary Second Quarter 2005
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 2005. The preliminary seasonally
adjusted annual rates of productivity change in the second quarter were:
1.2 percent in the business sector and
2.2 percent in the nonfarm business sector.
Productivity growth in the business sector reflected increases of 4.2
percent in output and 3.0 percent in hours. Output per hour increased
more in the nonfarm business sector because output grew more, 4.4
percent, and hours rose less, 2.1 percent, than in the business sector.
In manufacturing, the preliminary productivity changes in the second
quarter were:
4.1 percent in manufacturing,
3.8 percent in durable goods manufacturing, and
5.0 percent in nondurable goods manufacturing.
Manufacturing productivity grew 4.1 percent in the second quarter as
output increased 1.2 percent and hours declined 2.8 percent (seasonally
adjusted annual rates). Output and hours in manufacturing, which
includes about 13 percent of U.S. business-sector employment, tend to
vary more from quarter to quarter than data for the aggregate business
and nonfarm business sectors. Second-quarter measures are summarized in
table A and appear in detail in tables 1 through 5.
The data sources and methods used in the preparation of the
manufacturing series differ from those used in preparing the business and
nonfarm business series, and these measures are not directly comparable.
Output measures for business and nonfarm business are based on measures
of gross domestic product prepared by the Bureau of Economic Analysis of
the U.S. Department of Commerce. Quarterly output measures for
manufacturing reflect indexes of industrial production independently
prepared by the Board of Governors of the Federal Reserve System. See
Technical Notes for further information on data sources.
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Data in this release reflect the regular multi-year revisions to the national
income and product accounts released by the Bureau of Economic Analysis of
the U.S. Department of Commerce on July 29. See Revised Measures.
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Table A. Productivity and costs: Preliminary second-quarter 2005
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 1.2 4.2 3.0 2.5 -1.6 1.4
Nonfarm business 2.2 4.4 2.1 3.5 -0.6 1.3
Manufacturing 4.1 1.2 -2.8 6.6 2.3 2.3
Durable 3.8 1.9 -1.8 6.3 2.0 2.4
Nondurable 5.0 0.1 -4.6 6.9 2.6 1.8
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Percent change from same quarter a year ago
Business 2.1 4.2 2.0 6.6 3.6 4.3
Nonfarm business 2.3 4.3 2.0 6.7 3.6 4.3
Manufacturing 4.7 3.4 -1.3 8.6 5.6 3.7
Durable 5.4 4.8 -0.5 8.5 5.4 3.0
Nondurable 4.2 1.5 -2.6 8.7 5.6 4.3
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Business
From the first quarter to the second quarter of 2005, business
sector output per hour increased at a 1.2-percent annual rate. Output
increased 4.2 percent and hours of all persons engaged in the sector
increased 3.0 percent (seasonally adjusted annual rates). As revised,
labor productivity grew 2.9 percent in the first quarter of 2005, as
output and hours increased 4.4 percent and 1.4 percent, respectively
(table 1).
Hourly compensation increased 2.5 percent in the second quarter,
less than the 6.2 percent gain in the first quarter of 2005 (seasonally
adjusted annual rates). This measure of compensation includes wages and
salaries, supplements, employer contributions to employee benefit plans,
and taxes. Real hourly compensation, which takes into account changes in
consumer prices, declined 1.6 percent during the second quarter of 2005,
after rising 3.7 percent during the first quarter.
Unit labor costs, which reflect changes in both hourly compensation
and productivity, increased 1.4 percent during the second quarter of 2005
after rising 3.2 percent in the previous quarter. The implicit price
deflator for the business sector, which reflects changes in both unit
labor costs and unit nonlabor payments, increased 2.3 percent in the
second quarter and 2.7 percent in the first quarter of 2005.
Nonfarm Business
Productivity increased 2.2 percent in the nonfarm business sector
during the second quarter of 2005, as output increased 4.4 percent and
hours of all persons rose 2.1 percent (seasonally adjusted annual rates).
Output per hour grew at a 3.2 percent annual rate in the first quarter of
2005, as output increased 4.3 percent and hours increased 1.1 percent
(table 2).
Hourly compensation in the nonfarm business sector increased 3.5
percent in the second quarter of 2005, less than the 6.9-percent rise one
quarter earlier. When the rise in consumer prices is taken into account,
real hourly compensation fell 0.6 percent in the second quarter of 2005
after increasing 4.5 percent in the first quarter.
Unit labor costs increased 1.3 percent in the second quarter of
2005, after rising 3.6 percent during the first quarter. The implicit
price deflator for nonfarm business output grew 2.3 percent in the second
quarter, following a 3.0-percent increase in the previous quarter.
Manufacturing
Productivity increased 4.1 percent in manufacturing, as output grew
1.2 percent and hours of all persons declined 2.8 percent (seasonally
adjusted annual rates). Output increased less than in any quarter since
the second quarter of 2003, when it fell 3.4 percent. In the first
quarter of 2005, productivity rose 4.2 percent, reflecting a 3.5-percent
increase in output and a decline of 0.7 percent in hours. In durable
goods, productivity rose 3.8 percent in the second quarter as output grew
1.9 percent and hours of all persons fell 1.8 percent. In nondurable
goods, second-quarter productivity increased by 5.0 percent as output
edged up 0.1 percent and hours fell 4.6 percent (tables 3, 4, and 5).
Hours worked in nondurable goods industries have fallen in 24 consecutive
quarters, beginning with the third quarter of 1999.
Hourly compensation of all manufacturing workers rose 6.6 percent
during the second quarter, reflecting growth of 6.3 percent in durable
goods industries and 6.9 percent in the nondurable manufacturing sector.
When the increase in consumer prices is taken into account, the real
hourly compensation of all manufacturing workers rose 2.3 percent in the
second quarter, after increasing 4.7 percent one quarter earlier.
Unit labor costs in manufacturing rose 2.3 percent in the second
quarter of 2005, reflecting increases of 2.4 percent in durable goods
industries and 1.8 percent in nondurable goods industries.
Revised Measures
Revised and previous measures for the first quarter of 2005 for the
business, nonfarm business, and manufacturing sectors are compared in
table B. In business and nonfarm business, output and productivity were
revised upward from the numbers reported on June 2, while hours movements
were unchanged. In the manufacturing sector, productivity was revised
downward-- output was not revised and hours decreased less than
previously reported. In all three sectors, hourly compensation increases
were revised up for the first quarter of 2005. In the nonfarm business
and manufacturing sectors, unit labor costs grew faster than reported
June 2.
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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
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First quarter 2005
Business:
Previous 2.6 4.0 1.4 6.0 3.5 3.3
Revised 2.9 4.4 1.4 6.2 3.7 3.2
Nonfarm business:
Previous 2.9 4.0 1.1 6.3 3.9 3.3
Revised 3.2 4.3 1.1 6.9 4.5 3.6
Manufacturing:
Previous 4.4 3.5 -0.9 6.2 3.8 1.7
Revised 4.2 3.5 -0.7 7.1 4.7 2.8
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Table C presents previous and revised productivity and related
measures for major sectors for the years 2002, 2003, and 2004. Output
data for the business and nonfarm business sectors, and the compensation
series for all sectors, incorporate revisions to national income and
product accounts data released by the Bureau of Economic Analysis, U.S.
Department of Commerce, on July 29. These revisions affected
productivity and costs data beginning with the first quarter of 2002, and
revised quarterly data appear in tables 1 through 5 and appendix tables 1
through 5.
Output and productivity growth in the business and nonfarm business
sectors were revised downward in each year from 2002 to 2004. For 2002,
upward revisions to hourly compensation in these sectors combined with
productivity revisions to produce smaller decreases in unit labor costs
than shown in the June 2 release. Unit labor costs do not decline in 2003
after revision. For 2004, these costs increased more in the business and
nonfarm business sectors than reported previously because productivity
was revised down by more than hourly compensation.
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Table C. Previous and revised productivity and related measures
Annual percent changes
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Real
Hourly hourly Unit
Produc- compen- compen- labor
Sector tivity Output Hours sation sation costs
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Annual average 2004
Business:
Previous 3.9 5.1 1.2 4.9 2.2 1.0
Revised 3.4 4.8 1.3 4.6 1.9 1.2
Nonfarm business:
Previous 4.0 5.3 1.2 4.8 2.1 0.8
Revised 3.4 4.8 1.4 4.5 1.8 1.1
Manufacturing:
Previous 5.3 4.8 -0.4 4.7 2.0 -0.5
Revised 5.3 4.8 -0.4 2.2 -0.5 -2.9
Annual average 2003
Business:
Previous 4.4 3.8 -0.5 4.0 1.7 -0.3
Revised 3.9 3.4 -0.5 3.9 1.6 0.0
Nonfarm business:
Previous 4.3 3.8 -0.5 4.0 1.7 -0.3
Revised 3.8 3.3 -0.5 4.0 1.6 0.2
Manufacturing:
Previous 5.2 0.0 -4.9 8.7 6.2 3.3
Revised 5.2 0.0 -4.9 8.3 5.9 3.0
Annual average 2002
Business:
Previous 4.3 1.8 -2.4 3.1 1.5 -1.1
Revised 4.0 1.5 -2.4 3.4 1.8 -0.5
Nonfarm business:
Previous 4.3 1.8 -2.5 3.2 1.6 -1.1
Revised 4.0 1.5 -2.5 3.5 1.9 -0.5
Manufacturing:
Previous 7.5 -0.1 -7.1 6.6 5.0 -0.8
Revised 7.5 -0.1 -7.1 7.3 5.6 -0.3
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In the manufacturing sector, there were revisions only to hourly
compensation and, therefore, to real hourly compensation and unit labor
costs. Hourly compensation growth was higher in 2002, and lower in 2003
and 2004, than previously reported. Manufacturing unit labor costs
declined 0.3 percent in 2002, rose 3.0 percent in 2003, and fell 2.9
percent in 2004.
Revised Measures: Nonfinancial Corporations
Productivity and cost measures for the first quarter of 2005 for
nonfinancial corporations also were revised to incorporate more recent
information than was available in the June 2 release (table D).
Increases in productivity and output were revised up, to 3.6 percent and
4.1 percent, respectively, as the first quarter increase in employee
hours remained at 0.5 percent (seasonally adjusted annual rates). Hourly
compensation was revised up by less than productivity, so the increase in
unit labor costs was revised down, from 4.1 percent to 3.5 percent. Unit
profits rose 6.2 percent, rather than falling 6.1 percent as reported
June 2. For the year 2004, output per hour and hourly compensation were
both revised down. Hourly compensation was revised down by more,
resulting in a smaller increase in unit labor costs than previously
reported.
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Table D. Nonfinancial corporations: Previous and revised productivity and
cost measures
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 2005
Previous... 2.7 3.2 0.5 6.8 4.4 4.1 -6.1 2.4
Revised.... 3.6 4.1 0.5 7.3 4.8 3.5 6.2 2.2
Annual average 2004
Previous... 4.2 5.6 1.4 4.8 2.1 0.6 19.8 1.8
Revised.... 3.9 5.3 1.4 4.0 1.3 0.2 18.3 1.7
Annual average 2003
Previous... 4.1 2.8 -1.3 4.0 1.7 -0.1 20.1 1.4
Revised.... 4.1 2.7 -1.4 3.9 1.6 -0.2 19.0 1.4
Annual average 2002
Previous... 3.9 1.0 -2.8 3.0 1.4 -0.8 16.0 0.6
Revised.... 3.8 0.9 -2.8 3.4 1.8 -0.4 19.2 0.6
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Next release date
The next release of Productivity and Costs is scheduled for 8:30
a.m. EDT, Wednesday, Sept. 7, 2005. Revised second-quarter measures for
business, nonfarm business, and manufacturing will be released at that
time, along with preliminary measures for nonfinancial corporations.
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The index numbers and rates of change reported by BLS for productivity
and costs in its news release and on its Internet site are rounded to
one decimal place, based upon unrounded data using many decimal places.
This rounding protocol has been practiced in order to facilitate ease of
use and interpretation of the published data. This has meant, however,
that if data users calculated rates of change using the published rounded
index figures, their results could differ from the published rates of
change, simply due to differences in rounding.
In order to make the data directly used in the calculations more readily
available to the public and to ensure greater transparency of its calculating
methods, BLS, beginning with the December 6, 2005 publication of the quarterly
Productivity and Costs news release, will modify its productivity program
practices. It will post on its web site productivity index numbers rounded
to three decimal places, and, in addition, will calculate all published rates
of change from those indexes. The change in calculation method may cause
published productivity growth rates to change slightly--likely by no more
than a tenth--from the rates that would have been calculated using the current
method. The convention of publishing in the news release index values rounded
to one decimal place will continue.
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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 estab-
lishments. The CES also provides average weekly paid hours of
production and nonsupervisory workers in these establishments. Weekly
paid hours are adjusted to hours at work using data from the National
Compensation Survey (NCS). The BLS Hours at Work survey, conducted
for this purpose, was used for years prior to 2001. 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 for farm labor, nonfarm proprietors,
and nonfarm unpaid family workers. Estimates of labor input 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.
Output: Business sector output is an annual-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 ex-
clusions also are made in labor inputs. Business output accounted for
about 78 percent of the value of GDP in 2000. Nonfarm business, which
also excludes farming, accounted for about 77 percent of GDP in 2000.
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 3-digit NAICS industries: wood product
manufacturing; nonmetallic mineral product manufacturing; primary
metal manufacturing; fabricated metal product manufacturing; machinery
manufacturing; computer and electronic product manufacturing;
electrical equipment and appliance manufacturing; transportation
equipment manufacturing; furniture and related product manufacturing;
and miscellaneous manufacturing. Nondurables include: food manufac-
turing; beverage and tobacco product manufacturing; textile mills;
textile product mills; apparel manufacturing; leather and allied
product manufacturing; paper manufacturing; printing and related
support activities; petroleum and coal products manufacturing;
chemical manufacturing; and plastics and rubber products
manufacturing.
Nonfinancial corporate output is an annual-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 54 percent of the value
of GDP in 2000.
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: 202-691-5606; 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
2003 I r125.6 r144.6 115.2 r147.8 r115.5 r117.7 r116.4 r117.2
II r127.9 r146.4 114.5 r150.3 r117.3 r117.5 r117.2 r117.4
III r130.5 r149.8 114.8 r152.0 r118.0 r116.4 r120.3 r117.9
IV r130.6 r150.8 115.5 r152.8 r118.4 r117.0 r120.5 r118.3
ANNUAL r128.6 r147.9 115.0 r150.7 r117.3 r117.2 r118.6 r117.7
2004 I r131.7 r152.6 115.9 r154.4 r118.5 r117.3 r123.0 r119.4
II r132.8 r154.1 r116.1 r155.7 r118.2 r117.2 r126.1 r120.5
III r133.3 r155.8 r116.9 r158.2 r119.6 r118.7 r124.2 r120.7
IV r134.3 r157.2 r117.1 162.5 121.8 r121.0 r122.3 r121.5
ANNUAL r133.0 r154.9 r116.5 r157.7 r119.5 r118.6 r123.9 r120.6
2005 I r135.3 r158.9 r117.5 164.9 122.9 r121.9 r122.9 r122.3
II 135.7 160.5 118.3 166.0 122.4 122.3 124.1 123.0
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Percent change from previous quarter at annual rate(5)
2003 I r2.8 r1.7 r-1.1 r5.5 1.3 r2.6 r0.5 r1.8
II r7.6 r4.9 -2.6 r7.0 r6.5 r-0.6 r2.8 r0.6
III r8.4 r9.9 1.3 r4.5 r2.3 r-3.6 r10.7 r1.5
IV r0.3 r2.6 r2.3 r2.3 r1.4 r2.1 r0.9 r1.6
ANNUAL r3.9 r3.4 -0.5 r3.9 r1.6 r0.0 r3.7 r1.4
2004 I r3.4 r4.9 r1.5 r4.2 r0.3 r0.8 r8.6 r3.7
II 3.4 r4.0 r0.6 r3.3 r-1.0 r-0.1 r10.3 r3.8
III r1.4 r4.4 r3.0 r6.5 r4.8 r5.0 r-5.8 r0.7
IV r3.1 r3.6 0.5 r11.3 r7.5 r7.9 r-6.0 2.4
ANNUAL r3.4 r4.8 r1.3 r4.6 r1.9 r1.2 r4.4 r2.4
2005 I r2.9 r4.4 1.4 r6.2 r3.7 r3.2 r2.0 r2.7
II 1.2 4.2 3.0 2.5 -1.6 1.4 3.9 2.3
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Percent change from corresponding quarter of previous year
2003 I r2.4 r2.0 -0.4 r3.0 r0.1 r0.6 r2.7 1.4
II r3.8 r2.6 -1.1 3.6 1.4 r-0.2 r3.9 1.3
III r4.7 r4.2 -0.5 r4.3 r2.0 r-0.4 r4.6 r1.4
IV r4.7 r4.7 0.0 r4.8 r2.9 r0.1 r3.7 r1.4
ANNUAL r3.9 r3.4 -0.5 r3.9 r1.6 r0.0 r3.7 r1.4
2004 I r4.9 r5.5 r0.6 4.5 2.6 r-0.4 r5.7 r1.9
II r3.8 r5.3 r1.4 r3.6 r0.8 r-0.2 r7.6 r2.7
III r2.1 r4.0 r1.8 r4.1 r1.4 r1.9 r3.3 r2.4
IV r2.8 r4.2 r1.4 6.3 2.8 r3.4 r1.5 r2.6
ANNUAL r3.4 r4.8 r1.3 r4.6 r1.9 r1.2 r4.4 r2.4
2005 I r2.7 r4.1 1.3 r6.8 r3.7 r4.0 r-0.1 2.4
II 2.1 4.2 2.0 6.6 3.6 4.3 -1.6 2.0
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See footnotes following Table 6. August 9, 2005
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
2003 I r124.9 r144.8 r115.9 r147.0 r114.9 r117.7 r118.2 r117.9
II r126.9 r146.5 115.4 r149.3 r116.5 r117.6 r118.7 r118.0
III r129.9 r150.2 115.6 r151.2 r117.4 r116.4 r121.6 r118.3
IV r130.1 r151.2 116.2 r152.2 r117.9 r116.9 r121.3 r118.6
ANNUAL r128.0 r148.2 115.8 r149.9 r116.7 r117.1 r120.0 r118.2
2004 I r130.8 r152.8 r116.8 r153.5 r117.8 r117.3 r123.5 r119.6
II r132.2 r154.5 r116.8 r154.9 r117.6 r117.1 r126.5 r120.6
III r132.7 r156.3 r117.8 r157.2 r118.8 r118.5 r125.3 r121.0
IV r133.5 r157.7 r118.2 r161.0 r120.7 r120.7 r123.7 r121.8
ANNUAL r132.3 r155.3 r117.4 r156.7 r118.7 r118.4 r124.7 r120.7
2005 I r134.5 r159.4 r118.5 r163.8 122.0 r121.7 r124.3 r122.7
II 135.3 161.1 119.1 165.2 121.8 122.1 125.5 123.4
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Percent change from previous quarter at annual rate(5)
2003 I r3.1 r2.0 r-1.1 r5.8 r1.5 r2.6 r0.8 1.9
II r6.6 r4.7 -1.8 r6.2 r5.8 r-0.3 r1.7 r0.4
III r9.6 r10.4 r0.8 r5.1 r2.9 r-4.1 r10.2 r1.0
IV r0.8 r2.8 r2.0 r2.7 r1.8 r2.0 r-1.1 r0.8
ANNUAL r3.8 r3.3 -0.5 4.0 r1.6 r0.2 r3.2 r1.3
2004 I r2.1 r4.2 r2.0 r3.5 r-0.5 r1.3 r7.4 r3.6
II r4.5 r4.6 0.1 r3.7 r-0.7 r-0.8 r10.0 r3.2
III r1.3 r4.6 r3.3 r6.1 r4.4 r4.7 r-3.6 r1.5
IV r2.5 r3.9 1.4 10.2 6.4 r7.6 r-5.1 r2.6
ANNUAL r3.4 r4.8 r1.4 r4.5 r1.8 r1.1 r3.9 r2.1
2005 I r3.2 r4.3 1.1 r6.9 r4.5 r3.6 r2.1 r3.0
II 2.2 4.4 2.1 3.5 -0.6 1.3 4.0 2.3
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Percent change from corresponding quarter of previous year
2003 I r2.0 r1.7 r-0.4 r3.0 r0.1 r1.0 r2.7 r1.6
II r3.5 r2.5 -0.9 r3.5 r1.3 r0.1 r3.2 1.2
III r4.8 r4.2 -0.5 r4.4 r2.1 r-0.4 r4.1 r1.2
IV r5.0 r4.9 r0.0 r5.0 r3.0 r0.0 r2.8 r1.0
ANNUAL r3.8 r3.3 -0.5 4.0 r1.6 r0.2 r3.2 r1.3
2004 I r4.7 r5.5 0.7 4.4 2.5 r-0.3 r4.5 r1.5
II r4.2 r5.5 r1.2 r3.7 r0.9 r-0.4 r6.5 r2.1
III r2.2 r4.0 r1.9 r4.0 r1.2 r1.8 r3.0 r2.3
IV r2.6 r4.3 r1.7 r5.8 2.4 r3.2 r1.9 r2.7
ANNUAL r3.4 r4.8 r1.4 r4.5 r1.8 r1.1 r3.9 r2.1
2005 I r2.9 r4.4 r1.5 r6.7 r3.6 r3.7 r0.7 r2.6
II 2.3 4.3 2.0 6.7 3.6 4.3 -0.7 2.3
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See footnotes following Table 6. August 9, 2005
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
2003 I 151.6 131.8 86.9 r156.5 r122.3 r103.2
II 152.9 130.7 85.5 r159.2 r124.3 r104.1
III 156.9 132.1 84.2 r161.5 r125.4 r102.9
IV 158.1 134.2 84.9 r163.2 r126.5 r103.2
ANNUAL 154.8 132.2 85.4 r160.1 r124.6 r103.4
2004 I 159.3 136.0 85.4 r159.1 r122.1 r99.9
II 162.2 138.0 85.1 r161.1 r122.3 r99.3
III 164.0 139.4 85.0 r164.9 r124.7 r100.6
IV 166.5 141.0 84.7 r169.3 r126.9 r101.7
ANNUAL 163.0 138.6 85.0 r163.6 r124.0 r100.4
2005 I r168.2 142.3 r84.6 r172.3 r128.4 r102.4
II 169.9 142.7 84.0 175.0 129.1 103.0
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2003 I 5.7 -0.9 -6.3 r17.9 r13.1 r11.5
II 3.3 -3.4 -6.5 r6.9 r6.5 r3.5
III 11.0 4.5 -5.9 r5.9 r3.7 r-4.5
IV 3.2 6.6 3.3 r4.3 r3.4 r1.1
ANNUAL 5.2 0.0 -4.9 r8.3 r5.9 r3.0
2004 I 3.0 5.4 2.4 r-9.7 r-13.1 r-12.4
II 7.6 5.9 -1.6 r5.1 r0.7 r-2.3
III 4.4 4.0 -0.3 r9.8 r8.0 r5.2
IV 6.3 4.9 -1.3 r11.2 r7.4 r4.6
ANNUAL 5.3 4.8 -0.4 r2.2 r-0.5 r-2.9
2005 I r4.2 3.5 r-0.7 r7.1 r4.7 r2.8
II 4.1 1.2 -2.8 6.6 2.3 2.3
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2003 I 5.0 0.6 -4.2 r8.2 r5.2 r3.1
II 4.4 -1.3 -5.4 r7.8 r5.5 r3.3
III 5.5 -0.8 -6.0 r8.4 r6.0 r2.7
IV 5.8 1.6 -3.9 r8.7 r6.6 r2.7
ANNUAL 5.2 0.0 -4.9 r8.3 r5.9 r3.0
2004 I 5.1 3.2 -1.8 r1.6 r-0.2 r-3.3
II 6.1 5.6 -0.5 r1.2 r-1.6 r-4.7
III 4.5 5.5 0.9 r2.1 r-0.6 r-2.3
IV 5.3 5.1 -0.2 r3.7 r0.3 r-1.5
ANNUAL 5.3 4.8 -0.4 r2.2 r-0.5 r-2.9
2005 I r5.6 4.6 -1.0 r8.3 r5.1 r2.5
II 4.7 3.4 -1.3 8.6 5.6 3.7
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
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
2003 I 172.7 155.7 90.1 r154.9 r121.1 r89.7
II 174.3 154.3 88.6 r157.7 r123.1 r90.5
III 180.9 157.6 87.1 r160.1 r124.3 r88.5
IV 182.8 161.5 88.3 r161.9 r125.5 r88.6
ANNUAL 177.6 157.3 88.5 r158.6 r123.5 r89.3
2004 I 184.4 164.6 89.3 r155.5 r119.4 r84.3
II 187.8 167.1 88.9 r158.2 r120.1 r84.2
III 190.0 169.5 89.2 r162.1 r122.6 r85.3
IV 193.4 172.1 89.0 r166.0 r124.4 r85.8
ANNUAL 188.9 168.3 89.1 r160.4 r121.6 r84.9
2005 I r196.1 r174.3 r88.9 r169.1 r126.0 r86.2
II 198.0 175.2 88.5 171.6 126.6 86.7
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2003 I 5.1 -1.6 -6.4 r22.2 r17.2 r16.3
II 3.7 -3.4 -6.9 r7.3 r6.9 r3.4
III 16.0 8.7 -6.3 r6.2 r3.9 r-8.5
IV 4.2 10.1 5.7 r4.7 r3.8 r0.5
ANNUAL 6.9 1.3 -5.3 r9.3 r6.9 r2.3
2004 I 3.6 8.1 4.3 r-14.9 r-18.1 r-17.9
II 7.7 6.0 -1.5 r6.9 r2.5 r-0.7
III 4.6 6.0 1.3 r10.3 r8.5 r5.5
IV r7.5 6.3 r-1.1 r9.9 r6.1 r2.2
ANNUAL 6.4 7.0 0.6 r1.1 r-1.5 r-4.9
2005 I r5.7 r5.2 r-0.5 r7.7 r5.2 r1.9
II 3.8 1.9 -1.8 6.3 2.0 2.4
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2003 I 6.7 1.7 -4.7 r9.1 r6.0 2.2
II 5.9 -0.6 -6.1 r8.7 r6.4 r2.7
III 7.9 0.7 -6.7 r9.6 r7.3 r1.6
IV 7.2 3.3 -3.6 r9.9 r7.8 r2.5
ANNUAL 6.9 1.3 -5.3 r9.3 r6.9 r2.3
2004 I 6.8 5.8 -1.0 r0.4 r-1.4 r-6.0
II 7.8 8.3 0.4 r0.3 r-2.5 r-6.9
III 5.0 7.6 2.4 r1.3 r-1.4 r-3.6
IV 5.8 6.6 r0.7 r2.5 r-0.9 r-3.2
ANNUAL 6.4 7.0 0.6 r1.1 r-1.5 r-4.9
2005 I r6.4 r5.9 -0.5 r8.7 r5.6 r2.2
II 5.4 4.8 -0.5 8.5 5.4 3.0
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
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
2003 I 130.2 106.9 82.1 r158.0 r123.5 r121.4
II 131.1 106.0 80.9 r160.5 r125.3 r122.4
III 132.6 105.9 79.8 r162.7 r126.3 r122.6
IV 133.6 106.5 79.7 r163.9 r127.0 r122.7
ANNUAL 131.8 106.3 80.6 r161.2 r125.5 r122.3
2004 I 134.5 107.1 79.6 r164.1 r125.9 r122.0
II 137.0 108.6 79.3 r164.7 r125.1 r120.3
III 138.6 109.0 78.7 r168.1 r127.1 r121.2
IV r140.2 109.8 78.3 r173.5 r130.1 r123.8
ANNUAL 137.6 108.6 r79.0 r167.6 r127.0 r121.8
2005 I 141.1 110.2 78.1 r176.1 r131.2 r124.8
II 142.8 110.3 77.2 179.1 132.1 125.4
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2003 I 6.5 0.1 -6.0 r10.3 r5.9 r3.6
II 2.6 -3.5 -5.9 r6.3 r5.9 r3.6
III 4.9 -0.6 -5.2 r5.6 r3.4 r0.7
IV 2.8 2.4 -0.4 r3.0 r2.1 r0.2
ANNUAL 2.8 -1.5 -4.2 r6.4 r4.0 r3.5
2004 I 2.9 2.1 -0.8 r0.5 r-3.3 r-2.4
II 7.5 5.7 -1.7 r1.7 r-2.6 r-5.5
III 4.8 1.7 -3.0 r8.4 r6.6 r3.4
IV r4.6 2.9 r-1.7 r13.7 r9.7 r8.6
ANNUAL r4.3 2.2 -2.1 r3.9 r1.2 r-0.4
2005 I r2.5 r1.5 -1.1 r6.0 r3.6 r3.4
II 5.0 0.1 -4.6 6.9 2.6 1.8
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2003 I 2.6 -0.9 -3.4 r6.7 r3.7 r4.0
II 2.2 -2.2 -4.3 r6.4 r4.1 r4.1
III 2.3 -2.6 -4.8 r6.2 r3.9 r3.9
IV 4.2 -0.4 -4.4 r6.3 r4.3 r2.0
ANNUAL 2.8 -1.5 -4.2 r6.4 r4.0 r3.5
2004 I 3.3 0.1 -3.1 r3.8 r2.0 r0.5
II 4.5 2.4 -2.0 r2.7 r-0.2 r-1.8
III 4.5 3.0 -1.5 r3.3 r0.6 r-1.1
IV 5.0 3.1 -1.8 r5.9 r2.4 r0.9
ANNUAL r4.3 2.2 -2.1 r3.9 r1.2 r-0.4
2005 I 4.9 2.9 r-1.8 r7.3 r4.2 r2.4
II 4.2 1.5 -2.6 8.7 5.6 4.3
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
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
2003 I r130.4 r152.3 116.8 r144.6 r113.0 r110.9 r111.4 r111.0 r107.8 r110.7
II 132.7 r154.3 116.3 r147.0 r114.8 r110.8 r110.5 r110.7 r113.7 111.0
III r135.1 r156.9 r116.2 r148.9 r115.6 r110.2 r110.9 r110.4 r119.9 r111.3
IV r135.9 r158.7 r116.8 149.8 r116.0 r110.2 r110.8 110.4 r124.8 111.7
ANNUAL r133.5 r155.6 r116.5 r147.6 r114.8 r110.5 r110.9 r110.6 r116.7 111.2
2004 I r136.1 r160.0 r117.5 r150.3 r115.4 r110.4 r111.4 r110.7 r130.2 r112.4
II r136.9 r161.3 r117.8 r151.7 r115.2 r110.8 r111.5 r111.0 r138.6 r113.4
III r139.4 r165.0 118.4 r154.0 r116.5 r110.5 r110.3 r110.5 r139.7 r113.1
IV r142.3 r169.0 118.8 r158.0 r118.4 r111.0 r108.8 r110.5 r143.1 r113.4
ANNUAL r138.7 r163.8 r118.1 r153.5 r116.4 r110.7 r110.5 r110.6 r138.0 113.1
2005 I r143.5 r170.7 118.9 r160.8 r119.8 r112.0 r107.9 r110.9 r145.3 r114.0
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2003 I r1.1 r-1.8 r-2.8 r3.9 r-0.3 r2.9 r6.7 r3.9 r-11.6 r2.4
II r7.3 r5.5 r-1.7 r6.9 r6.4 r-0.4 r-3.1 r-1.1 r23.8 r0.9
III r7.3 r6.9 -0.3 r5.2 r2.9 -1.9 r1.3 r-1.1 r23.9 r1.0
IV r2.4 r4.5 r2.1 r2.4 r1.5 r0.0 r-0.3 r-0.1 r17.2 r1.5
ANNUAL 4.1 r2.7 r-1.4 r3.9 r1.6 r-0.2 r0.1 -0.1 r19.0 1.4
2004 I r0.8 3.4 r2.6 r1.5 r-2.3 r0.7 r2.1 r1.1 r18.6 r2.7
II r2.3 r3.3 r1.0 r3.7 r-0.7 r1.3 r0.3 r1.1 r28.2 r3.7
III r7.4 r9.4 1.9 r6.3 r4.6 r-1.0 r-4.2 r-1.9 r3.4 r-1.3
IV r8.5 r9.9 1.3 r10.6 r6.8 r1.9 r-5.2 r0.0 r10.0 r1.1
ANNUAL r3.9 r5.3 1.4 r4.0 r1.3 r0.2 r-0.4 r0.0 r18.3 r1.7
2005 I r3.6 r4.1 0.5 r7.3 r4.8 r3.5 r-3.3 r1.7 r6.2 r2.2
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2003 I r3.5 r2.0 r-1.5 r3.2 r0.3 r-0.3 r-1.4 r-0.6 r25.6 1.2
II r3.8 r2.0 r-1.8 r3.6 r1.4 r-0.1 -0.1 r-0.1 r20.4 1.4
III r4.6 r3.1 r-1.5 r4.3 r2.1 r-0.3 r0.8 r0.0 r19.6 r1.6
IV r4.5 r3.7 -0.7 r4.6 r2.6 r0.1 r1.1 r0.4 r12.3 r1.5
ANNUAL 4.1 r2.7 r-1.4 r3.9 r1.6 r-0.2 r0.1 -0.1 r19.0 1.4
2004 I r4.4 r5.1 r0.7 r4.0 r2.1 r-0.4 r0.0 r-0.3 r20.8 1.5
II r3.2 r4.6 1.3 r3.2 r0.3 r0.0 r0.8 r0.2 r21.9 r2.2
III 3.2 r5.2 r1.9 r3.5 r0.7 r0.3 r-0.6 r0.0 r16.5 r1.6
IV r4.7 r6.5 1.7 r5.5 r2.0 r0.7 r-1.8 r0.1 r14.7 r1.5
ANNUAL r3.9 r5.3 1.4 r4.0 r1.3 r0.2 r-0.4 r0.0 r18.3 r1.7
2005 I r5.4 r6.7 1.2 r6.9 r3.8 r1.4 r-3.1 r0.2 r11.6 r1.4
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
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. 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
-1.4 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 2005.
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 1978-2004 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 from the
original data rather than index numbers. Annual changes: Percent
change between annual average levels.
(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 adjustments.
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
2000 I 114.2 138.6 121.4 132.5 111.5 116.0 105.4 112.1
II 116.4 141.1 121.2 133.1 111.1 114.4 109.6 112.6
III 116.1 140.8 121.3 135.6 112.2 116.8 106.4 112.9
IV 117.3 141.5 120.6 136.5 112.2 116.4 108.2 113.3
ANNUAL 116.1 140.5 121.0 134.5 111.9 115.9 107.4 112.7
2001 I 117.2 141.1 120.4 138.8 113.0 118.5 106.7 114.1
II 118.8 141.4 119.1 139.9 113.0 117.8 110.1 114.9
III 119.2 140.3 117.7 140.5 113.3 117.9 110.6 115.2
IV 121.1 141.0 116.4 141.5 114.2 116.9 113.4 115.6
ANNUAL 119.0 141.0 118.4 140.2 113.4 r117.7 110.2 114.9
2002 I r122.7 r141.9 115.7 r143.5 r115.4 r116.9 r113.3 r115.6
II r123.2 r142.6 115.7 r145.0 r115.7 r117.7 r112.9 115.9
III r124.6 r143.8 115.4 r145.7 r115.7 r116.9 r115.0 r116.2
IV r124.7 r144.0 115.5 r145.8 r115.1 r116.9 r116.3 r116.7
ANNUAL r123.8 r143.1 115.6 r145.0 r115.4 r117.1 r114.4 r116.1
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2000 I -1.8 0.3 2.2 14.1 9.9 16.2 -16.0 3.4
II 7.9 7.5 -0.4 1.8 -1.3 -5.6 16.6 1.8
III -1.0 -0.8 0.2 7.8 4.0 8.9 -11.0 1.3
IV 4.4 2.0 r-2.2 2.8 -0.1 -1.5 6.8 1.4
ANNUAL 2.8 3.9 1.1 7.0 3.5 4.0 -1.9 1.8
2001 I -0.5 -1.1 -0.6 6.9 3.0 7.4 -5.6 2.7
II 5.5 0.8 -4.4 3.0 -0.2 -2.4 13.5 3.0
III 1.4 -3.1 -4.4 2.0 1.1 0.6 1.8 1.0
IV 6.6 1.8 -4.5 2.8 3.4 -3.6 10.4 1.3
ANNUAL 2.5 0.3 -2.2 4.2 1.4 1.6 2.6 2.0
2002 I r5.3 r2.6 -2.5 r5.6 r4.1 r0.3 r-0.1 r0.2
II 1.8 2.1 0.3 r4.4 r1.1 r2.6 r-1.7 r1.0
III r4.8 r3.6 -1.1 r2.0 r-0.1 r-2.6 r7.7 r1.0
IV r0.1 r0.5 r0.3 r0.1 r-1.9 r0.0 r4.7 r1.7
ANNUAL r4.0 r1.5 -2.4 r3.4 r1.8 r-0.5 r3.8 r1.0
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2000 I 2.0 4.5 2.4 6.5 3.2 4.4 -3.2 1.6
II 3.8 5.4 1.5 6.7 3.3 2.8 0.3 1.9
III 2.9 3.8 0.9 7.8 4.2 4.8 -3.1 1.9
IV 2.3 2.2 -0.1 6.5 3.0 4.1 -1.7 2.0
ANNUAL 2.8 3.9 1.1 7.0 3.5 4.0 -1.9 1.8
2001 I 2.6 1.8 -0.8 4.8 1.3 2.1 1.2 1.8
II 2.1 0.2 -1.8 5.1 1.6 3.0 0.5 2.1
III 2.7 -0.4 -2.9 3.6 0.9 0.9 3.9 2.0
IV 3.2 -0.4 -3.5 3.6 1.8 0.4 4.8 2.0
ANNUAL 2.5 0.3 -2.2 4.2 1.4 1.6 2.6 2.0
2002 I r4.7 r0.5 -4.0 r3.3 r2.1 r-1.3 r6.3 r1.3
II r3.7 r0.8 -2.8 r3.7 r2.4 r0.0 r2.5 0.9
III r4.6 r2.5 -2.0 r3.7 r2.1 r-0.8 r4.0 r0.9
IV r3.0 r2.2 -0.8 r3.0 r0.8 r0.1 r2.6 r1.0
ANNUAL r4.0 r1.5 -2.4 r3.4 r1.8 r-0.5 r3.8 r1.0
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
r=revised 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
2000 I 113.9 138.8 121.9 132.1 111.2 116.0 106.8 112.6
II 115.9 141.4 122.0 132.5 110.6 114.3 111.1 113.1
III 115.6 141.1 122.0 135.0 111.7 116.8 108.0 113.5
IV r116.7 141.8 121.5 135.8 111.6 116.3 109.8 113.9
ANNUAL 115.6 140.8 121.8 134.0 111.4 115.9 108.9 113.3
2001 I 116.6 141.4 121.3 138.0 112.3 118.4 108.2 114.6
II 118.2 141.9 120.0 138.9 112.2 117.5 111.9 115.4
III 118.7 140.8 118.7 139.5 112.5 117.6 112.2 115.6
IV 120.5 141.2 117.2 140.6 113.5 116.7 115.0 116.0
ANNUAL 118.5 141.3 119.3 139.3 112.6 117.5 111.8 115.4
2002 I r122.5 r142.5 116.3 r142.7 r114.8 r116.5 r115.2 116.0
II r122.7 r143.0 116.5 r144.2 r115.0 r117.5 r115.0 r116.6
III r123.9 r144.1 116.3 r144.8 r114.9 r116.9 r116.9 r116.9
IV r124.0 r144.1 r116.2 r145.0 r114.5 r116.9 r118.0 r117.3
ANNUAL r123.3 r143.4 116.3 r144.2 r114.8 r117.0 r116.3 r116.7
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2000 I -2.0 -0.1 1.9 14.5 10.3 16.9 -17.2 3.3
II r7.2 7.5 0.2 1.1 -2.0 -5.8 17.0 1.8
III -0.9 -0.8 0.0 8.0 4.1 8.9 -10.9 1.4
IV 4.0 2.2 -1.7 2.3 -0.6 -1.6 6.9 1.3
ANNUAL 2.7 3.8 1.1 7.0 3.6 4.2 -2.0 1.9
2001 I -0.4 -1.1 -0.7 r6.8 2.8 7.2 -5.5 2.6
II r5.6 1.2 -4.2 2.5 -0.6 -3.0 14.1 2.7
III r1.5 -2.9 -4.3 1.8 1.0 0.4 1.3 0.7
IV 6.5 1.2 -5.0 3.2 3.8 -3.1 10.2 1.5
ANNUAL 2.5 0.4 -2.0 4.0 1.1 1.4 2.7 1.9
2002 I r6.5 r3.5 -2.8 r6.1 r4.5 r-0.4 r0.7 r0.0
II r0.8 r1.4 0.6 r4.2 r0.9 r3.4 r-0.5 r2.0
III r4.1 r3.1 -0.9 r1.8 r-0.3 r-2.2 r6.5 r0.9
IV r0.2 r0.1 0.0 r0.4 r-1.6 r0.2 r3.9 r1.6
ANNUAL r4.0 r1.5 -2.5 r3.5 r1.9 r-0.5 r4.0 r1.1
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2000 I 2.0 4.4 2.3 6.8 3.5 4.7 -2.9 1.9
II 3.7 5.3 1.5 6.8 3.4 2.9 0.3 2.0
III 2.8 3.6 0.8 7.9 4.3 5.0 -3.2 2.0
IV 2.0 2.1 0.1 6.3 2.8 4.2 -2.0 2.0
ANNUAL 2.7 3.8 1.1 7.0 3.6 4.2 -2.0 1.9
2001 I 2.4 1.9 -0.5 4.5 1.0 2.0 1.3 1.8
II 2.0 0.4 -1.7 4.9 1.4 2.8 0.7 2.0
III 2.6 -0.2 -2.7 3.3 0.6 0.7 3.9 1.8
IV 3.2 -0.4 -3.6 3.6 1.7 0.3 4.7 1.9
ANNUAL 2.5 0.4 -2.0 4.0 1.1 1.4 2.7 1.9
2002 I r5.0 r0.7 -4.1 r3.4 r2.2 r-1.5 r6.4 1.2
II r3.8 r0.8 -2.9 r3.8 r2.5 r0.0 r2.8 r1.0
III r4.4 r2.3 -2.0 r3.8 r2.2 r-0.6 r4.1 r1.1
IV r2.9 r2.0 -0.8 r3.1 r0.9 r0.2 r2.6 r1.1
ANNUAL r4.0 r1.5 -2.5 r3.5 r1.9 r-0.5 r4.0 r1.1
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
r=revised 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
2000 I 132.6 138.1 104.1 133.2 112.1 100.5
II 134.4 140.0 104.1 132.5 110.7 98.6
III 134.0 139.0 103.8 135.9 112.4 101.4
IV 134.9 137.5 102.0 136.7 112.3 101.4
ANNUAL 134.1 138.6 103.4 134.7 112.0 100.5
2001 I 134.6 134.9 100.2 138.1 112.4 102.7
II 135.8 133.1 98.0 137.3 110.9 101.1
III 137.0 131.3 95.8 137.0 110.4 100.0
IV 140.6 130.0 92.5 139.0 112.2 98.8
ANNUAL 136.9 132.3 96.6 137.8 111.5 100.7
2002 I 144.4 131.1 90.8 r144.7 r116.3 r100.2
II 146.5 132.4 90.4 r147.6 r117.7 r100.8
III 148.7 133.2 89.6 r149.0 r118.3 r100.2
IV 149.5 132.1 88.4 r150.2 r118.6 r100.5
ANNUAL 147.3 132.2 89.8 r147.9 r117.7 r100.4
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2000 I 5.6 3.7 -1.9 21.8 17.3 15.3
II 5.6 5.6 0.0 -2.1 -5.1 -7.3
III -1.4 -2.8 -1.4 10.6 6.6 12.1
IV 2.8 -4.1 -6.7 2.4 -0.4 -0.3
ANNUAL 4.7 3.0 -1.6 9.2 5.6 4.2
2001 I -0.9 -7.6 -6.7 4.3 0.4 5.2
II 3.8 -5.0 -8.5 -2.4 -5.4 -5.9
III 3.5 -5.5 -8.6 -0.9 -1.7 -4.2
IV 11.1 -3.7 -13.3 5.9 6.5 -4.6
ANNUAL 2.1 -4.6 -6.5 2.3 -0.5 0.2
2002 I 11.2 3.2 -7.2 r17.4 r15.7 r5.5
II 5.8 4.1 -1.6 r8.4 5.0 r2.5
III 6.3 2.4 -3.7 r4.0 r1.8 r-2.2
IV 2.2 -3.2 -5.3 r3.2 r1.1 r1.0
ANNUAL 7.5 -0.1 -7.1 r7.3 r5.6 r-0.3
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2000 I 4.7 3.8 -0.8 9.8 6.4 4.9
II 5.6 4.6 -0.9 8.5 5.1 2.8
III 5.1 3.3 -1.7 10.0 6.4 4.7
IV 3.1 0.5 -2.5 7.8 4.2 4.6
ANNUAL 4.7 3.0 -1.6 9.2 5.6 4.2
2001 I 1.5 -2.3 -3.7 3.7 0.3 2.2
II 1.0 -4.9 -5.9 3.6 0.2 2.5
III 2.3 -5.5 -7.6 0.8 -1.8 -1.4
IV 4.3 -5.5 -9.3 1.7 -0.1 -2.5
ANNUAL 2.1 -4.6 -6.5 2.3 -0.5 0.2
2002 I 7.3 -2.8 -9.4 r4.7 r3.5 r-2.4
II 7.8 -0.5 -7.8 r7.5 r6.2 r-0.3
III 8.6 1.5 -6.6 r8.8 r7.1 r0.2
IV 6.3 1.6 -4.5 r8.1 r5.7 r1.7
ANNUAL 7.5 -0.1 -7.1 r7.3 r5.6 r-0.3
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
r=revised 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
2000 I 149.6 164.9 110.2 133.4 112.3 89.2
II 151.4 167.5 110.7 131.9 110.1 87.1
III 151.0 166.4 110.2 135.7 112.3 89.9
IV 151.0 164.1 108.6 135.4 111.3 89.7
ANNUAL 150.9 165.7 109.8 134.2 111.6 89.0
2001 I 150.3 160.1 106.5 136.4 111.0 90.7
II 151.7 157.6 103.9 135.8 109.6 89.5
III 153.4 154.4 100.7 135.6 109.3 88.4
IV 156.8 151.5 96.6 137.9 111.3 87.9
ANNUAL 153.0 155.9 101.9 136.4 110.3 89.2
2002 I 161.8 153.1 94.6 r142.0 r114.2 r87.8
II 164.6 155.3 94.3 r145.0 r115.7 r88.1
III 167.7 156.6 93.4 r146.0 r115.9 r87.1
IV 170.6 156.3 91.6 r147.4 r116.4 r86.4
ANNUAL 166.1 155.3 93.5 r145.1 r115.5 r87.3
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2000 I 9.8 7.9 -1.7 25.0 20.3 13.9
II 4.9 6.6 1.6 -4.5 -7.5 -9.0
III -1.1 -2.6 -1.6 12.1 8.1 13.3
IV 0.2 -5.4 -5.6 -0.7 -3.5 -0.9
ANNUAL 5.3 4.6 -0.7 9.7 6.1 4.2
2001 I -2.0 -9.5 -7.6 2.7 -1.1 4.8
II 3.7 -6.1 -9.4 -1.7 -4.7 -5.2
III 4.6 -7.7 -11.8 -0.6 -1.4 -5.0
IV 9.2 -7.3 -15.2 7.1 7.7 -2.0
ANNUAL 1.4 -5.9 -7.2 1.6 -1.2 0.2
2002 I 13.3 4.1 -8.1 r12.4 r10.7 r-0.9
II 7.1 6.0 -1.0 r8.9 r5.4 r1.7
III 7.7 3.3 -4.0 r2.8 r0.7 r-4.6
IV 7.1 -0.7 -7.2 r3.7 r1.6 r-3.1
ANNUAL 8.6 -0.4 -8.3 r6.4 r4.7 r-2.1
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2000 I 5.9 6.0 0.2 11.2 7.7 5.0
II 5.9 6.5 0.6 8.9 5.5 2.8
III 5.6 4.4 -1.2 10.9 7.2 4.9
IV 3.4 1.5 -1.8 7.4 3.8 3.9
ANNUAL 5.3 4.6 -0.7 9.7 6.1 4.2
2001 I 0.5 -2.9 -3.4 2.2 -1.1 1.7
II 0.2 -5.9 -6.1 3.0 -0.4 2.8
III 1.6 -7.2 -8.7 -0.1 -2.7 -1.7
IV 3.8 -7.7 -11.1 1.8 0.0 -1.9
ANNUAL 1.4 -5.9 -7.2 1.6 -1.2 0.2
2002 I 7.7 -4.4 -11.2 r4.1 r2.9 r-3.3
II 8.5 -1.5 -9.2 r6.8 r5.5 r-1.6
III 9.3 1.4 -7.2 r7.7 r6.1 r-1.5
IV 8.8 3.2 -5.1 r6.9 r4.5 r-1.7
ANNUAL 8.6 -0.4 -8.3 r6.4 r4.7 r-2.1
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
r=revised 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
2000 I 116.7 110.9 95.0 130.5 109.8 111.8
II 118.7 112.0 94.4 131.4 109.7 110.7
III 118.0 111.1 94.1 133.7 110.7 113.3
IV 119.9 110.4 92.0 136.6 112.2 113.9
ANNUAL 118.5 111.1 93.7 133.2 110.8 112.4
2001 I 119.9 108.9 90.8 139.2 113.3 116.1
II 120.8 107.8 89.2 138.0 111.5 114.3
III 120.9 107.1 88.6 137.8 111.1 114.0
IV 124.4 107.3 86.3 139.3 112.4 111.9
ANNUAL 121.5 107.8 88.7 138.6 112.1 114.1
2002 I 126.9 107.9 85.0 r148.1 r119.1 r116.7
II 128.3 108.4 84.5 r150.8 r120.3 r117.6
III 129.7 108.7 83.8 r153.1 r121.5 r118.1
IV 128.2 106.9 83.4 r154.2 r121.7 r120.3
ANNUAL 128.2 108.0 84.2 r151.5 r120.6 r118.2
--------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2000 I -0.1 -2.3 -2.2 15.4 11.1 15.5
II 6.8 3.9 -2.8 2.7 -0.4 -3.8
III -2.3 -3.2 -1.0 7.4 3.5 9.8
IV 6.6 -2.5 -8.5 8.9 5.9 2.2
ANNUAL 4.0 0.7 -3.2 7.8 4.3 3.6
2001 I -0.2 -5.3 -5.1 7.8 3.8 8.0
II 3.2 -3.8 -6.8 -3.4 -6.3 -6.3
III 0.3 -2.6 -2.9 -0.6 -1.4 -0.9
IV 12.2 0.8 -10.1 4.3 4.9 -7.1
ANNUAL 2.5 -3.0 -5.3 4.0 1.2 1.5
2002 I 8.2 2.2 -5.5 r28.0 r26.2 r18.3
II 4.4 1.8 -2.4 7.4 4.0 2.9
III 4.5 1.1 -3.2 r6.3 r4.1 r1.8
IV -4.5 -6.4 -2.0 r2.8 r0.7 r7.6
ANNUAL 5.6 0.2 -5.1 r9.4 r7.6 r3.6
--------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2000 I 3.4 0.8 -2.5 6.7 3.4 3.2
II 5.3 1.7 -3.5 7.3 3.9 1.8
III 4.2 1.5 -2.6 8.2 4.6 3.8
IV 2.7 -1.1 -3.7 8.5 4.9 5.7
ANNUAL 4.0 0.7 -3.2 7.8 4.3 3.6
2001 I 2.7 -1.9 -4.4 6.7 3.2 3.9
II 1.8 -3.7 -5.4 5.1 1.6 3.2
III 2.4 -3.6 -5.9 3.1 0.4 0.6
IV 3.8 -2.7 -6.3 1.9 0.1 -1.8
ANNUAL 2.5 -3.0 -5.3 4.0 1.2 1.5
2002 I 5.9 -0.9 -6.4 r6.4 r5.1 r0.5
II 6.2 0.6 -5.3 r9.3 r7.9 r2.9
III 7.3 1.5 -5.4 r11.1 r9.4 r3.6
IV 3.0 -0.4 -3.3 r10.7 r8.3 7.4
ANNUAL 5.6 0.2 -5.1 r9.4 r7.6 r3.6
--------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
r=revised 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
2000 I 120.5 150.3 124.7 129.7 109.2 107.7 101.9 106.1 114.6 106.9
II r121.1 151.1 r124.8 130.5 r108.9 107.7 103.5 106.6 115.9 107.4
III r121.9 152.4 r125.0 132.9 110.0 109.0 104.8 107.9 107.4 107.8
IV 122.2 152.3 124.7 134.4 110.4 110.0 106.5 109.1 97.0 108.0
ANNUAL 121.5 151.5 124.7 132.0 109.7 108.6 104.2 107.4 108.7 107.5
2001 I 122.6 151.9 123.9 135.5 110.3 110.5 109.2 110.2 87.4 108.1
II 123.5 151.1 r122.4 136.8 110.5 110.8 111.6 111.0 86.9 108.9
III 123.7 149.4 120.8 137.9 r111.1 111.5 114.1 112.2 79.0 109.2
IV r124.4 148.2 119.1 139.3 r112.4 111.9 115.7 113.0 75.5 109.6
ANNUAL r123.5 150.2 r121.6 r137.3 111.1 111.2 112.6 111.6 82.2 108.9
2002 I r126.0 r149.3 118.5 r140.1 r112.7 r111.2 r113.0 r111.7 r85.8 r109.4
II r127.9 r151.4 118.4 r141.8 r113.1 r110.9 r110.7 r110.9 94.5 r109.4
III r129.1 152.2 117.9 r142.7 r113.3 r110.6 r110.0 r110.4 r100.3 109.5
IV r130.1 r153.0 117.6 r143.2 r113.1 r110.1 r109.6 r110.0 r111.2 110.1
ANNUAL r128.2 r151.5 118.1 r142.0 r113.0 r110.7 r110.8 r110.7 r98.0 109.6
----------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2000 I 7.1 9.5 2.2 15.2 10.9 7.6 1.4 5.9 -25.5 2.3
II r2.1 2.3 0.1 2.3 -0.8 0.1 6.6 1.8 4.7 2.1
III 2.7 3.4 0.7 7.7 3.8 4.9 5.0 4.9 -26.2 1.5
IV 0.7 -0.2 -0.9 4.5 r1.5 3.7 6.7 4.5 -33.4 0.6
ANNUAL 3.6 5.2 1.6 6.8 r3.3 3.1 3.8 3.3 -15.8 1.2
2001 I 1.4 -1.1 -2.4 3.4 r-0.5 1.9 10.5 4.1 -34.1 0.6
II 3.0 -2.2 -5.0 3.9 0.7 0.9 9.2 3.1 -2.5 2.7
III 0.6 -4.4 -5.0 3.2 2.4 2.6 8.9 4.3 -31.8 1.3
IV 2.5 -3.0 -5.4 4.2 4.8 1.6 5.9 2.8 -16.3 1.4
ANNUAL 1.7 -0.9 -2.5 4.1 r1.2 2.4 8.1 3.9 -24.3 1.3
2002 I r5.1 r2.9 -2.0 r2.3 r0.8 r-2.6 r-9.0 r-4.4 r66.7 r-0.8
II r6.1 r5.6 -0.5 r5.1 r1.7 r-1.0 r-7.9 r-2.9 r46.9 r0.1
III r3.9 r2.3 r-1.5 r2.6 r0.5 r-1.2 r-2.4 r-1.5 r27.0 r0.5
IV r3.2 r2.0 r-1.2 r1.3 r-0.7 r-1.8 r-1.5 r-1.7 r51.0 r2.0
ANNUAL r3.8 r0.9 -2.8 r3.4 r1.8 r-0.4 r-1.6 r-0.7 r19.2 0.6
----------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2000 I 3.4 6.1 2.7 5.8 2.5 2.3 2.8 2.4 -14.1 0.6
II r3.4 5.5 2.0 6.2 r2.8 2.7 3.8 3.0 -13.2 1.1
III 4.1 5.6 1.4 7.6 4.0 3.3 3.8 3.5 -14.9 1.5
IV 3.1 3.7 0.5 7.3 3.8 4.0 4.9 4.3 -21.3 1.6
ANNUAL 3.6 5.2 1.6 6.8 r3.3 3.1 3.8 3.3 -15.8 1.2
2001 I r1.7 1.1 -0.6 4.4 1.0 2.6 7.2 3.8 -23.7 1.2
II r1.9 0.0 -1.9 r4.8 1.4 2.8 7.8 4.1 -25.0 1.3
III 1.4 -2.0 -3.3 3.7 1.0 2.3 8.8 4.0 -26.5 1.3
IV 1.9 -2.7 -4.5 3.7 1.8 1.8 8.6 3.6 -22.2 1.5
ANNUAL 1.7 -0.9 -2.5 4.1 r1.2 2.4 8.1 3.9 -24.3 1.3
2002 I r2.8 r-1.7 -4.4 r3.4 r2.2 r0.6 r3.5 r1.4 r-1.9 r1.1
II r3.5 r0.2 -3.2 r3.7 r2.4 r0.1 r-0.9 r-0.1 r8.7 r0.5
III r4.4 1.9 r-2.4 r3.5 r1.9 r-0.8 r-3.5 r-1.6 r27.0 0.3
IV r4.5 r3.2 r-1.3 r2.8 r0.6 r-1.7 r-5.2 r-2.6 r47.2 r0.4
ANNUAL r3.8 r0.9 -2.8 r3.4 r1.8 r-0.4 r-1.6 r-0.7 r19.2 0.6
----------------------------------------------------------------------------------------------------------
See footnotes following Table 6. August 9, 2005
r=revised Source: Bureau of Labor Statistics