Productivity and Costs News Release



Transmission of material in this release is embargoed until      USDL-12-0162
8:30 a.m. (EST) Thursday, February 2, 2012

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



                        PRODUCTIVITY AND COSTS
        Fourth Quarter and Annual Averages 2011, Preliminary


Nonfarm business sector labor productivity increased at a 0.7 percent 
annual rate during the fourth quarter of 2011, the U.S. Bureau of Labor 
Statistics reported today. The gain in productivity reflects increases of 
3.6 percent in output and 2.9 percent in hours worked. (All quarterly 
percent changes in this release are seasonally adjusted annual rates.) 
From the fourth quarter of 2010 to the fourth quarter of 2011, 
productivity grew 0.5 percent, as output rose 2.3 percent and hours rose 
1.8 percent. (See table A.)  Annual average productivity increased 0.7 
percent from 2010 to 2011. (See table C.) 

Labor productivity, or output per hour, is calculated by dividing an index 
of real output by an index of hours worked of all persons, including 
employees, proprietors, and unpaid family workers. 

Unit labor costs in nonfarm businesses increased 1.2 percent in the fourth 
quarter of 2011, as productivity grew at a slower rate (0.7 percent) than 
hourly compensation (1.9 percent). Unit labor costs rose 1.3 percent over 
the last four quarters. (See table A.) Annual average unit labor costs 
increased 1.2 percent from 2010 to 2011. (See table C.) 

BLS defines unit labor costs as the ratio of hourly compensation to labor 
productivity; increases in hourly compensation tend to increase unit labor 
costs and increases in output per hour tend to reduce them. 

Manufacturing sector productivity declined 0.4 percent in the fourth 
quarter of 2011, as output rose 3.8 percent and hours worked increased 4.2 
percent; this is the largest quarterly gain in hours worked since the 
fourth quarter of 2005 (4.8 percent). Over the last four quarters, 
manufacturing productivity increased 1.7 percent. Annual average 
productivity grew 2.8 percent from 2010 to 2011. Unit labor costs in 
manufacturing increased 1.6 percent in the fourth quarter of 2011 but 
decreased 1.1 percent from the same quarter a year ago. (See tables A, C 
and 3.) 

The data sources and methods used in the preparation of the manufacturing 
output series differ from those used in preparing the business and nonfarm 
business output series, and these measures are not directly comparable. 
See Technical Notes for further information on data sources. 

Table C presents annual averages for the most recent five years for the 
nonfarm business sector and total manufacturing sector. Nonfarm business 
sector productivity grew 0.7 percent in 2011, as output and hours 
increased 2.4 percent and 1.7 percent, respectively. The increase in hours 
worked is the first annual increase in the measure since 2007. Because 
productivity grew more slowly than hourly compensation (1.9 percent), unit 
labor costs rose in 2011(1.2 percent). Real hourly compensation, which 
takes into account changes in consumer prices, fell 1.2 percent in 2011--
the largest decline in the annual series since a 1.7 percent decline in 
1989. 

In the manufacturing sector, productivity grew 2.8 percent in 2011, 
reflecting a 4.9 percent increase in output combined with a 2.0 percent 
increase in hours; this is the largest annual increase in manufacturing 
sector hours since a 2.3 percent gain in 1994. Unit labor costs in the 
manufacturing sector fell 1.3 percent in 2011. 


Revised measures


Revised and previous measures for the third quarter of 2011 are shown in 
tables B and D and cover the following major sectors: nonfarm business, 
business, manufacturing, and nonfinancial corporations. Measures for the 
nonfinancial corporate sector include historically revised gross product 
of nonfinancial corporate business in chained (2005) dollars, published 
December 22, 2011 by the Bureau of Economic Analysis of the U.S. 
Department of Commerce.

In the third quarter of 2011, nonfarm business productivity growth was 1.9 
percent, reflecting a downward revision to output and a slight upward 
revision to hours. (See table B.) Unit labor costs for the nonfarm 
business sector fell 2.1 percent in the third quarter, less than 
previously reported. 

In the nonfinancial corporate (NFC) sector, quarterly percent changes in 
productivity and unit labor costs were not revised for the third quarter, 
although indexes for these and other measures related to output were 
revised historically.

Effective with this release, measures for the NFC sector, previously 
beginning in 1958, have been extended back to 1947. These newly-introduced 
data for the pre-1958 period are based upon the same methodology and data 
sources as those for 1958 forward. Nonfinancial corporate sector 
productivity grew at a 2.4 percent average annual rate from 1947 to 2010. 

Quarterly and annual data for all sectors from 2009 to 2011 appear in 
tables 1-6 and revised historical annual data for the nonfinancial 
corporate sector in appendix table 1. Full historical measures can be 
found on the productivity and costs home page at 
http://www.bls.gov/lpc/#data. 


___________
The revised Productivity and Costs press release for the fourth quarter 
2011 is scheduled to be released on Wednesday, March 7, 2012 at 8:30 a.m. 
(EST).

-----------------------------------------------------------------------------
Data in this release do not reflect the annual benchmark revision of the 
BLS Current Employment Statistics program data to be released February 3, 
2012. This benchmark will be incorporated in our next release on March 7, 
2012.
-----------------------------------------------------------------------------


======================================================================================================
Table A. Preliminary fourth-quarter 2011 measures: percent change from previous quarter at annual rate 
         (Q to Q) and from same quarter a year ago (Y to Y)

Sector                    Nonfarm                                        Durable         Nondurable
                          Business         Business      Manufacturing   Manufacturing   Manufacturing
                       Q to Q   Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y
------------------------------------------------------------------------------------------------------ 
Productivity            0.7      0.5     0.6     0.2    -0.4     1.7    -0.4     3.0     1.3     1.6
Output                  3.6      2.3     3.5     2.0     3.8     4.3     6.3     7.4     1.5     1.2
Hours                   2.9      1.8     2.9     1.8     4.2     2.5     6.7     4.3     0.2    -0.4
Hourly
 compensation     	1.9      1.7     2.0     1.7     1.2     0.6     0.2    -0.2     2.7     1.8
Real hourly 
 compensation           1.0     -1.5     1.1    -1.6     0.3    -2.6    -0.8    -3.4     1.7    -1.5
Unit labor 
 costs        		1.2      1.3     1.4     1.5     1.6    -1.1     0.6    -3.0     1.4     0.2

======================================================================================================
Table B. Revised and previous measures: third quarter 2011

Sector            Nonfarm                                             Durable           Nondurable
                  Business         Business         Manufacturing     Manufacturing     Manufacturing
              Revised Previous  Revised Previous  Revised Previous  Revised Previous  Revised Previous
------------------------------------------------------------------------------------------------------
                                        Percent change, annual rate
                                        
Productivity    1.9     2.3       1.5     1.9       5.3     5.0       8.7     9.5       1.6     0.1
Output          2.8     3.2       2.7     3.0       5.0     4.6       7.8     8.3       2.3     1.0
Hours           0.9     0.8       1.1     1.0      -0.3    -0.4      -0.9    -1.1       0.6     0.9
Hourly 
 compensation  -0.3    -0.2      -0.6    -0.5      -0.6    -0.4      -0.2     0.2      -1.2    -1.3
Real hourly 
 compensation  -3.2    -3.2      -3.5    -3.5      -3.5    -3.4      -3.1    -2.8      -4.1    -4.2
Unit labor 
 costs         -2.1    -2.5      -2.1    -2.4      -5.6    -5.1      -8.2    -8.5      -2.8    -1.4

======================================================================================================
Table C. Annual average changes in productivity and related measures: 2007-2011

Sector                            Nonfarm Business                         Manufacturing
                        2007    2008    2009    2010    2011  |  2007    2008    2009    2010    2011
--------------------------------------------------------------|---------------------------------------
Productivity            1.5     0.6     2.3     4.1     0.7   |  3.9    -0.5     0.5     6.1     2.8
Output                  2.1    -1.5    -5.1     4.0     2.4   |  2.2    -4.4   -12.5     6.0     4.9
Hours                   0.6    -2.1    -7.2    -0.1     1.7   | -1.7    -4.0   -13.0     0.0     2.0
Hourly 							      |
 compensation     	4.0     3.4     1.6     2.1     1.9   |  3.2     4.3     4.5     1.6     1.5
Real hourly 						      |
 compensation           1.1    -0.4     2.0     0.4    -1.2   |  0.4     0.4     4.9     0.0    -1.7
Unit labor costs        2.4     2.8    -0.7    -2.0     1.2   | -0.7     4.8     4.0    -4.2    -1.3

======================================================================================================
Table D.  Nonfinancial corporations: revised third-quarter 2011 productivity and cost measures
        
                                                        Real 
                                           Hourly       hourly        Unit                    Implicit
             Produc-                       compen-      compen-       labor       Unit        price
             tivity    Output     Hours    sation       sation        costs       profits     deflator
------------------------------------------------------------------------------------------------------                                                          
                        	Percent change, annual rate, third quarter 2011

Revised      -2.6      -0.8       1.9       0.3         -2.7           3.0         7.7          3.8
Previous     -2.6      -0.8       1.9       0.3         -2.6           3.0         7.5          3.7

======================================================================================================



				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. 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 earlier years. 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.
     The CES measures jobs, counting a person who is employed by two or more
establishments at each place of employment. In contrast, the CPS features 
measures of employment that count each person only once and classify each 
person according to his or her primary job; hours worked at all jobs by that
person accrue to his or her primary job. However, the CPS also collects more
detailed information on employment and hours worked at primary jobs and all
other jobs, separately. The BLS productivity measures use the more detailed 
information on employment and hours to assign all hours worked to the correct 
industrial sector and avoid duplicating hours data from the CES.

Output: Business sector output is a chain-type, current-weighted index 
constructed after excluding from gross domestic product (GDP) the following
outputs: general government, nonprofit institutions, and private households
(including owner-occupied housing). Corresponding exclusions also are made in
labor inputs. Business output accounted for about 75 percent of the value of 
GDP in 2010. Nonfarm business, which excludes farming, accounted for about 74
percent of GDP in 2010.
     Annual indexes for manufacturing and its durable and nondurable goods
components are constructed by deflating current-dollar industry value of
production data from the U.S. Bureau of the Census with deflators from the 
BLS. These deflators are based on data from the BLS producer price 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 manufacturing; 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 a chain-type, current-weighted index
calculated on the basis of the costs incurred and the incomes earned from 
production.  The output measure excludes the following outputs from GDP:
general government; nonprofit institutions; private households; unincorporated
business; and those corporations classified as offices of bank holding 
companies, offices of other holding companies, or offices in the finance and
insurance sector. Nonfinancial corporations accounted for about 48 percent of
the value of GDP in 2010.
     
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.

Labor Compensation: The measure includes accrued wages and salaries, 
supplements, employer contributions to employee benefit plans, and taxes.
Estimates of labor compensation by major sector, required for measures of
hourly compensation and unit labor costs, are based primarily on employee
compensation data from the NIPA, prepared by the BEA. The compensation of 
employees in general government, nonprofit institutions and private households
are subtracted from compensation of domestic employees to derive employee
compensation for the business sector. The labor compensation of proprietors
cannot be explicitly identified and must be estimated. This is done by 
assuming that proprietors have the same hourly compensation as employees in 
the same sector. The quarterly labor productivity and cost measures do not
contain estimates of compensation for unpaid family workers.  
      
Unit Labor Costs: The measures of unit labor costs in this release describe 
the relationship between compensation per hour and productivity, or real 
output per hour, and can be used as an indicator of inflationary pressure on
producers. Increases in hourly compensation increase unit labor costs; labor 
productivity increases offset compensation increases and lower unit labor 
costs. 

Presentation of the data: The quarterly data in this release are presented in
three ways: as percent changes from the previous quarter presented at a 
compound annual rate, as percent changes from the corresponding quarter of the
previous year, and as index number series where 2005=100. Annual data are 
presented both as index number series and percent changes from the previous
year.  
	The index numbers and rates of change reported in the productivity and
costs news release are rounded to one decimal place. All percent changes in 
this release and on the BLS web site are calculated using index numbers to 
three decimal places. These index numbers are available at the BLS web site, 
www.bls.gov/data/home.htm, or by contacting the BLS Division of Major Sector
Productivity. (Telephone 202-691-5606 or email DPRWEB@BLS.GOV)
      
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
             Output                            Compen-    compen-               Unit       Implicit
 Year        per hour               Hours      sation     sation      Unit      nonlabor   price
 and         of all                 of all     per hour   per hour    labor     payments   deflator
 quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL    0.4         2.1        1.7        1.9       -1.2        1.5        3.8        2.4  

2011 IV        0.6         3.5        2.9        2.0        1.1        1.4       -2.0       -0.1  
     III       1.5 r       2.7 r      1.1 r     -0.6 r     -3.5       -2.1 r      9.2 r      2.6 r
     II        0.1         1.7        1.6        0.2       -3.8        0.1        6.8        2.9  
     I        -1.4         0.3        1.7        5.4        0.1        6.8       -2.2        2.9  

2010 ANNUAL    4.1         3.9       -0.1        2.0        0.4       -2.0        6.1        1.3  

2010 IV        1.7         3.2        1.5        0.4       -2.2       -1.3        7.3        2.2  
     III       2.5         3.7        1.2        2.2        0.7       -0.3        3.2        1.1  
     II        1.1         4.7        3.6        2.4        2.9        1.2        2.8        1.9  
     I         4.3         5.1        0.8        1.2        0.0       -2.9        9.0        1.8  

2009 ANNUAL    2.4        -4.9       -7.1        1.6        2.0       -0.8        3.1        0.7  

2009 IV        5.3         5.0       -0.3        1.2       -1.6       -3.9        9.0        1.1  
     III       7.0         1.8       -4.9        2.7       -0.9       -4.0        7.3        0.3  
     II        8.0        -1.0       -8.4        6.6        4.6       -1.3       -1.0       -1.2  
     I         1.5        -8.5       -9.8       -2.7       -0.4       -4.1       10.5        1.4  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL    0.4         2.1        1.7        1.9       -1.2        1.5        3.8        2.4  

2011 IV        0.2         2.0        1.8        1.7       -1.6        1.5        2.8        2.1  
     III       0.5 r       2.0        1.5        1.3       -2.4        0.8 r      5.2        2.6  
     II        0.7         2.2        1.5        2.0       -1.3        1.3        3.7        2.3  
     I         1.0         3.0        2.0        2.6        0.4        1.6        2.7        2.0  

2010 ANNUAL    4.1         3.9       -0.1        2.0        0.4       -2.0        6.1        1.3  

2010 IV        2.4         4.2        1.8        1.5        0.3       -0.8        5.5        1.8  
     III       3.3         4.6        1.3        1.7        0.5       -1.5        6.0        1.5  
     II        4.4         4.1       -0.3        1.9        0.1       -2.4        7.0        1.3  
     I         6.2         2.7       -3.3        2.9        0.5       -3.1        6.0        0.5  

2009 ANNUAL    2.4        -4.9       -7.1        1.6        2.0       -0.8        3.1        0.7  

2009 IV        5.4        -0.8       -5.9        1.9        0.4       -3.3        6.3        0.4  
     III       3.3        -5.1       -8.1        2.0        3.7       -1.2        1.8        0.0  
     II        1.3        -6.8       -8.0        2.2        3.2        0.9        0.5        0.8  
     I        -0.1        -6.5       -6.4        0.3        0.5        0.4        4.0        1.8  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL  110.5       104.7       94.8      118.0      102.4      106.8      120.7      112.3  

2011 IV      111.0       106.0       95.5      118.3      101.9      106.6      121.8      112.6  
     III     110.8 r     105.1 r     94.9 r    117.7 r    101.6 r    106.3 r    122.5 r    112.7 r
     II      110.4       104.4       94.6      117.9      102.5      106.8      119.8      111.9  
     I       110.4       104.0       94.2      117.9      103.5      106.8      117.8      111.2  

2010 ANNUAL  110.0       102.5       93.2      115.8      103.6      105.3      116.3      109.6  

2010 IV      110.7       103.9       93.8      116.3      103.5      105.0      118.5      110.4  
     III     110.3       103.1       93.5      116.2      104.1      105.4      116.4      109.7  
     II      109.6       102.1       93.2      115.6      103.9      105.5      115.5      109.4  
     I       109.3       101.0       92.4      114.9      103.1      105.1      114.7      108.9  

2009 ANNUAL  105.7        98.7       93.4      113.5      103.3      107.4      109.6      108.3  

2009 IV      108.2        99.7       92.2      114.6      103.1      105.9      112.3      108.4  
     III     106.8        98.5       92.3      114.2      103.5      107.0      109.9      108.1  
     II      105.0        98.1       93.4      113.5      103.8      108.1      108.0      108.1  
     I       103.0        98.3       95.5      111.7      102.6      108.5      108.2      108.4  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                   February 2, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
 Year        per hour               Hours      sation     sation      Unit      nonlabor   price
 and         of all                 of all     per hour   per hour    labor     payments   deflator
 quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL    0.7         2.4        1.7        1.9       -1.2        1.2        3.2        2.1  

2011 IV        0.7         3.6        2.9        1.9        1.0        1.2       -1.1        0.2  
     III       1.9 r       2.8 r      0.9 r     -0.3 r     -3.2       -2.1 r      9.0 r      2.5 r
     II       -0.1         1.8        2.0       -0.2       -4.1       -0.1        6.7        2.7  
     I        -0.6         0.9        1.5        5.6        0.3        6.2       -3.1        2.2  

2010 ANNUAL    4.1         4.0       -0.1        2.1        0.4       -2.0        5.7        1.1  

2010 IV        2.2         3.8        1.5        0.6       -2.1       -1.6        6.4        1.7  
     III       2.1         3.5        1.4        1.9        0.4       -0.2        2.0        0.7  
     II        1.2         4.6        3.4        2.6        3.1        1.4        3.0        2.0  
     I         4.6         5.2        0.5        1.4        0.2       -3.1        8.8        1.6  

2009 ANNUAL    2.3        -5.1       -7.2        1.6        2.0       -0.7        3.8        1.1  

2009 IV        5.5         5.6        0.1        1.2       -1.5       -4.1        7.7        0.5  
     III       6.5         1.4       -4.8        2.3       -1.3       -3.9        8.1        0.6  
     II        8.0        -1.1       -8.4        6.7        4.7       -1.2       -1.3       -1.2  
     I         1.3        -8.7       -9.9       -2.7       -0.4       -4.0       12.1        2.0  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL    0.7         2.4        1.7        1.9       -1.2        1.2        3.2        2.1  

2011 IV        0.5         2.3        1.8        1.7       -1.5        1.3        2.7        1.9  
     III       0.8 r       2.3 r      1.5 r      1.4       -2.3        0.5 r      4.6 r      2.2  
     II        0.9         2.5        1.6        1.9       -1.4        1.0        2.9        1.8  
     I         1.2         3.2        1.9        2.6        0.4        1.4        2.0        1.7  

2010 ANNUAL    4.1         4.0       -0.1        2.1        0.4       -2.0        5.7        1.1  

2010 IV        2.5         4.3        1.7        1.6        0.4       -0.9        5.0        1.5  
     III       3.3         4.7        1.3        1.8        0.5       -1.5        5.3        1.2  
     II        4.4         4.2       -0.3        1.9        0.1       -2.5        6.9        1.2  
     I         6.2         2.7       -3.2        2.9        0.5       -3.1        5.7        0.4  

2009 ANNUAL    2.3        -5.1       -7.2        1.6        2.0       -0.7        3.8        1.1  

2009 IV        5.3        -0.9       -5.9        1.8        0.3       -3.3        6.5        0.5  
     III       3.0        -5.5       -8.2        2.1        3.7       -0.9        2.5        0.4  
     II        1.2        -7.1       -8.2        2.4        3.4        1.1        1.2        1.2  
     I        -0.2        -6.7       -6.5        0.4        0.5        0.5        5.0        2.2  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL  110.6       104.8       94.8      118.0      102.4      106.7      119.9      111.9  

2011 IV      111.2       106.2       95.5      118.4      101.9      106.5      121.2      112.2  
     III     111.0 r     105.2 r     94.8 r    117.8 r    101.6 r    106.1 r    121.5 r    112.2 r
     II      110.5       104.5       94.6      117.9      102.5      106.7      118.9      111.5  
     I       110.5       104.0       94.2      117.9      103.6      106.7      117.0      110.8  

2010 ANNUAL  109.8       102.4       93.2      115.8      103.7      105.4      116.1      109.6  

2010 IV      110.7       103.8       93.8      116.3      103.5      105.1      118.0      110.2  
     III     110.1       102.9       93.5      116.2      104.0      105.6      116.1      109.7  
     II      109.5       102.0       93.1      115.6      103.9      105.6      115.6      109.5  
     I       109.2       100.8       92.4      114.9      103.1      105.3      114.7      109.0  

2009 ANNUAL  105.5        98.5       93.3      113.4      103.3      107.5      109.8      108.4  

2009 IV      107.9        99.6       92.2      114.5      103.1      106.1      112.3      108.5  
     III     106.5        98.2       92.2      114.2      103.5      107.2      110.3      108.4  
     II      104.8        97.9       93.4      113.5      103.8      108.3      108.1      108.2  
     I       102.8        98.2       95.5      111.7      102.6      108.6      108.5      108.6  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                   February 2, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL        2.8            4.9            2.0            1.5           -1.7           -1.3  

2011 IV           -0.4            3.8            4.2            1.2            0.3            1.6  
     III           5.3 r          5.0 r         -0.3 r         -0.6 r         -3.5 r         -5.6 r
     II           -2.1 r          0.6 r          2.7           -2.1           -6.0            0.0 r
     I             4.2            7.8            3.4            4.1           -1.2           -0.2  

2010 ANNUAL        6.1            6.0            0.0            1.6            0.0           -4.2  

2010 IV            4.9            3.8           -1.0            2.3           -0.4           -2.5  
     III           2.1            5.6            3.4            1.7            0.2           -0.5  
     II            5.2            9.2            3.8            3.8            4.3           -1.3  
     I             4.7            7.8            3.0           -2.7           -3.9           -7.1  

2009 ANNUAL        0.5          -12.5          -13.0            4.5            4.9            4.0  

2009 IV            7.3            6.5           -0.8            3.1            0.3           -3.9  
     III          13.1            7.5           -4.9            1.4           -2.2          -10.3  
     II            6.3          -10.1          -15.4            7.9            5.9            1.5  
     I            -1.4          -21.1          -20.0            0.5            2.9            1.9  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL        2.8            4.9            2.0            1.5           -1.7           -1.3  

2011 IV            1.7            4.3            2.5            0.6           -2.6           -1.1  
     III           3.0 r          4.3 r          1.2            0.9           -2.8 r         -2.1 r
     II            2.3 r          4.4            2.1            1.4           -1.9           -0.8  
     I             4.1            6.6            2.4            2.9            0.7           -1.1  

2010 ANNUAL        6.1            6.0            0.0            1.6            0.0           -4.2  

2010 IV            4.2            6.6            2.3            1.2            0.0           -2.9  
     III           4.8            7.3            2.3            1.4            0.2           -3.2  
     II            7.5            7.7            0.2            1.4           -0.4           -5.7  
     I             7.8            2.6           -4.8            2.4            0.0           -5.0  

2009 ANNUAL        0.5          -12.5          -13.0            4.5            4.9            4.0  

2009 IV            6.2           -5.1          -10.6            3.2            1.7           -2.8  
     III           2.7          -11.9          -14.2            4.8            6.6            2.0  
     II           -1.7          -16.5          -15.1            5.8            6.9            7.6  
     I            -4.8          -16.0          -11.8            4.0            4.2            9.2  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL      114.4           96.5           84.4          118.3          102.7          103.5  

2011 IV          114.9           97.8           85.2          118.4          101.9          103.0  
     III         115.0 r         96.9 r         84.3 r        118.0 r        101.8 r        102.6 r
     II          113.5 r         95.7 r         84.4          118.2          102.7          104.1 r
     I           114.1           95.6           83.8          118.8          104.3          104.1  

2010 ANNUAL      111.3           92.0           82.7          116.6          104.4          104.8  

2010 IV          112.9           93.8           83.1          117.6          104.6          104.2  
     III         111.6           92.9           83.3          117.0          104.7          104.8  
     II          111.0           91.7           82.6          116.5          104.7          105.0  
     I           109.6           89.7           81.8          115.4          103.6          105.3  

2009 ANNUAL      104.9           86.8           82.7          114.8          104.5          109.4  

2009 IV          108.3           88.0           81.2          116.2          104.6          107.3  
     III         106.5           86.7           81.4          115.3          104.5          108.3  
     II          103.2           85.1           82.4          114.9          105.1          111.3  
     I           101.7           87.4           86.0          112.8          103.6          110.9  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                   February 2, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL        4.0            8.1            3.9            0.8           -2.3           -3.1  

2011 IV           -0.4            6.3            6.7            0.2           -0.8            0.6  
     III           8.7 r          7.8 r         -0.9 r         -0.2 r         -3.1 r         -8.2 r
     II           -2.9 r          2.0 r          5.0           -4.9           -8.6           -2.1 r
     I             6.9           13.7            6.4            4.4           -0.8           -2.3  

2010 ANNUAL        7.7            7.6           -0.1            2.1            0.4           -5.2  

2010 IV            5.3            5.7            0.4            2.2           -0.5           -3.0  
     III           1.7            8.3            6.5           -0.8           -2.2           -2.5  
     II           11.3           14.5            2.8            7.1            7.7           -3.7  
     I             6.2           10.2            3.8           -3.1           -4.3           -8.7  

2009 ANNUAL       -4.6          -19.3          -15.5            5.7            6.1           10.8  

2009 IV            6.3            5.9           -0.4            3.8            1.0           -2.3  
     III          18.2           10.3           -6.6            1.0           -2.6          -14.5  
     II            2.1          -18.8          -20.5           11.6            9.5            9.3  
     I           -10.0          -31.2          -23.6            3.1            5.5           14.6  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL        4.0            8.1            3.9            0.8           -2.3           -3.1  

2011 IV            3.0            7.4            4.3           -0.2           -3.4           -3.0  
     III           4.4 r          7.2 r          2.7 r          0.3 r         -3.3           -3.9 r
     II            2.7 r          7.3            4.5            0.2           -3.1           -2.5 r
     I             6.2           10.5            4.0            3.2            1.0           -2.9  

2010 ANNUAL        7.7            7.6           -0.1            2.1            0.4           -5.2  

2010 IV            6.1            9.6            3.4            1.3            0.1           -4.5  
     III           6.3            9.7            3.2            1.7            0.4           -4.4  
     II           10.4           10.2           -0.2            2.1            0.3           -7.5  
     I             8.0            1.1           -6.4            3.2            0.8           -4.5  

2009 ANNUAL       -4.6          -19.3          -15.5            5.7            6.1           10.8  

2009 IV            3.6          -10.1          -13.3            4.8            3.3            1.1  
     III          -2.5          -18.9          -16.8            5.9            7.7            8.7  
     II           -7.8          -24.4          -18.0            7.4            8.4           16.4  
     I           -10.5          -22.5          -13.4            4.6            4.8           16.9  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL      113.4           94.4           83.2          119.1          103.3          105.0  

2011 IV          114.3           96.4           84.4          118.7          102.2          103.9  
     III         114.4 r         95.0 r         83.0 r        118.7 r        102.4 r        103.7 r
     II          112.0 r         93.2 r         83.2          118.7          103.2          106.0 r
     I           112.9           92.8           82.2          120.2          105.6          106.5  

2010 ANNUAL      109.0           87.3           80.1          118.1          105.7          108.3  

2010 IV          111.0           89.8           80.9          118.9          105.8          107.1  
     III         109.6           88.6           80.9          118.3          105.9          108.0  
     II          109.1           86.9           79.6          118.5          106.5          108.6  
     I           106.2           84.0           79.0          116.5          104.6          109.7  

2009 ANNUAL      101.2           81.2           80.2          115.7          105.3          114.3  

2009 IV          104.7           82.0           78.3          117.4          105.7          112.2  
     III         103.1           80.8           78.4          116.4          105.5          112.9  
     II           98.9           78.8           79.7          116.1          106.2          117.4  
     I            98.3           83.0           84.4          112.9          103.8          114.8  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                   February 2, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL        2.6            1.7           -0.9            2.2           -0.9           -0.3  

2011 IV            1.3            1.5            0.2            2.7            1.7            1.4  
     III           1.6 r          2.3 r          0.6 r         -1.2 r         -4.1 r         -2.8 r
     II            0.1 r         -0.9           -0.9            2.8           -1.2            2.7 r
     I             3.4            2.1           -1.3            2.8           -2.4           -0.6  

2010 ANNUAL        3.9            3.9            0.1            0.8           -0.9           -3.0  

2010 IV            5.3            2.0           -3.2            2.2           -0.5           -3.0  
     III           4.2            2.8           -1.3            5.7            4.2            1.4  
     II           -1.3            4.0            5.4           -1.9           -1.4           -0.5  
     I             3.6            5.4            1.7           -2.2           -3.4           -5.6  

2009 ANNUAL        2.3           -6.6           -8.7            2.9            3.2            0.5  

2009 IV            7.7            6.2           -1.4            1.9           -0.9           -5.4  
     III           5.3            3.0           -2.2            2.5           -1.1           -2.6  
     II            4.3           -2.5           -6.5            2.8            0.8           -1.5  
     I             2.8          -11.2          -13.6           -3.3           -1.0           -6.0  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL        2.6            1.7           -0.9            2.2           -0.9           -0.3  

2011 IV            1.6            1.2           -0.4            1.8           -1.5            0.2  
     III           2.6 r          1.4 r         -1.2            1.6           -2.1           -0.9 r
     II            3.2            1.5           -1.7            3.4            0.0            0.1  
     I             2.9            2.7           -0.2            2.1            0.0           -0.7  

2010 ANNUAL        3.9            3.9            0.1            0.8           -0.9           -3.0  

2010 IV            2.9            3.5            0.6            0.9           -0.3           -2.0  
     III           3.5            4.6            1.1            0.8           -0.4           -2.6  
     II            3.8            4.6            0.8            0.1           -1.7           -3.6  
     I             5.2            3.0           -2.1            1.2           -1.1           -3.8  

2009 ANNUAL        2.3           -6.6           -8.7            2.9            3.2            0.5  

2009 IV            5.0           -1.3           -6.0            0.9           -0.5           -3.9  
     III           4.5           -5.8           -9.8            3.5            5.2           -1.0  
     II            0.9           -9.1           -9.9            3.7            4.7            2.8  
     I            -1.0           -9.7           -8.8            3.3            3.4            4.3  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL      111.3           96.2           86.5          117.2          101.7          105.4  

2011 IV          111.8           96.7           86.5          117.9          101.5          105.5  
     III         111.4 r         96.4 r         86.5 r        117.1 r        101.0 r        105.1 r
     II          111.0 r         95.8 r         86.4          117.4          102.1          105.8 r
     I           110.9           96.0           86.6          116.6          102.4          105.1  

2010 ANNUAL      108.5           94.6           87.2          114.7          102.7          105.7  

2010 IV          110.0           95.5           86.9          115.8          103.0          105.3  
     III         108.6           95.1           87.6          115.2          103.2          106.1  
     II          107.5           94.4           87.9          113.6          102.1          105.7  
     I           107.8           93.5           86.7          114.2          102.5          105.9  

2009 ANNUAL      104.5           91.1           87.2          113.8          103.6          109.0  

2009 IV          106.9           92.3           86.3          114.8          103.3          107.4  
     III         104.9           90.9           86.6          114.3          103.6          108.9  
     II          103.6           90.2           87.1          113.5          103.8          109.6  
     I           102.5           90.8           88.6          112.8          103.6          110.0  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                   February 2, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
and prices, seasonally adjusted
                                                     Real               Unit
              Output                       Hourly    hourly             non-      Total   Unit   Implicit
 Year         per all-                     compen-   compen-   Unit     labor     unit    pro-   price
 and          employee          Employee   sation    sation    labor    costs     cost    fits   deflator
 quarter      hour     Output   hours       (1)       (2)      costs     (6)      (7)     (8)      (4)
---------------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

2011 III      -2.6      -0.8      1.9       0.3      -2.7 r     3.0      3.5 r    3.1      7.7 r    3.8 r
     II        3.2       6.1      2.9       0.8      -3.2      -2.3     -1.8     -2.2     28.9      1.8  
     I         2.3       4.5      2.1       4.5      -0.8       2.2 r    0.7      1.7      3.7      2.0  

2010 ANNUAL    4.8 r     4.9 r    0.1       1.9       0.3      -2.7 r   -9.2 r   -4.6 r   41.3 r   -0.1 r

2010 IV       -3.2 r    -1.5 r    1.9      -0.3      -3.0       3.0 r    1.9 r    2.7 r   -0.7 r    2.2 r
     III      -0.3 r     2.1 r    2.3       2.6       1.2       2.9 r   -4.4 r    0.8 r   13.5 r    2.5 r
     II       -1.5 r     2.6 r    4.2       1.4       2.0       3.0 r   -7.5 r   -0.1 r   10.5 r    1.3 r
     I         8.8 r    10.2 r    1.2       0.9      -0.4      -7.3 r  -14.7 r   -9.5 r  102.7 r   -0.1 r

2009 ANNUAL    0.5 r    -7.4 r   -7.8       2.0       2.4       1.5 r    6.5 r    3.0 r   -8.2 r    1.8 r

2009 IV        9.7 r     9.1 r   -0.6       1.6      -1.1      -7.4 r   -9.7 r   -8.1 r   75.4 r   -1.6 r
     III       8.1 r     2.7 r   -5.0       3.0      -0.7      -4.8 r  -12.6 r   -7.1 r   54.4 r   -2.7 r
     II        5.8 r    -4.5 r   -9.7       7.4       5.4       1.6 r   -2.0 r    0.5 r  -27.2 r   -2.4 r
     I        -9.6 r   -20.0 r  -11.5      -6.3      -4.0       3.7 r   23.5 r    9.2 r  -28.5 r    4.8 r
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2011 III      -0.2 r     2.0 r    2.2       1.3      -2.4       1.4      1.0 r    1.3      9.3      2.4  
     II        0.4 r     2.8      2.3       1.9      -1.4       1.4 r   -0.9 r    0.7     10.8 r    2.1 r
     I        -0.7 r     1.9 r    2.6       2.0      -0.2       2.8 r   -2.4 r    1.3 r    6.6 r    2.0 r

2010 ANNUAL    4.8 r     4.9 r    0.1       1.9       0.3      -2.7 r   -9.2 r   -4.6 r   41.3 r   -0.1 r

2010 IV        0.8 r     3.3 r    2.4       1.1      -0.1       0.3 r   -6.4 r   -1.7 r   26.1 r    1.5 r
     III       4.1 r     5.9 r    1.8       1.6       0.4      -2.3 r   -9.2 r   -4.3 r   45.3 r    0.5 r
     II        6.2 r     6.1 r   -0.1       1.7       0.0      -4.2 r  -11.2 r   -6.3 r   56.9 r   -0.8 r
     I         8.1 r     4.2 r   -3.6       3.2       0.8      -4.5 r   -9.9 r   -6.1 r   41.4 r   -1.7 r

2009 ANNUAL    0.5 r    -7.4 r   -7.8       2.0       2.4       1.5 r    6.5 r    3.0 r   -8.2 r    1.8 r

2009 IV        3.2 r    -3.8 r   -6.8       1.3      -0.1      -1.8 r   -1.1 r   -1.6 r    8.9 r   -0.5 r
     III       0.0 r    -8.8 r   -8.8       2.5       4.1       2.5 r    6.2 r    3.6 r  -18.1 r    1.0 r
     II       -0.1 r    -8.8 r   -8.7       2.9       3.9       2.9 r   10.0 r    4.9 r  -15.2 r    2.8 r
     I        -1.2 r    -8.0 r   -6.9       1.5       1.6       2.7 r   11.4 r    5.1 r   -7.0 r    3.9 r
---------------------------------------------------------------------------------------------------------
                                            Indexes 2005=100

2011 III     108.2 r   103.0 r   95.2 r   117.6 r   101.5 r   108.7 r  109.8 r  109.0 r  132.8 r  112.0 r
     II      109.0 r   103.2 r   94.7     117.5     102.2     107.9 r  108.8 r  108.1 r  130.4 r  111.0 r
     I       108.1 r   101.7 r   94.0     117.3     103.0     108.5 r  109.3 r  108.7 r  122.4 r  110.5 r

2010 ANNUAL  108.3 r   100.4 r   92.7     115.6     103.5     106.8 r  109.9 r  107.6 r  118.8 r  109.0 r

2010 IV      107.5 r   100.6 r   93.5     116.0     103.2     107.9 r  109.1 r  108.3 r  121.2 r  109.9 r
     III     108.4 r   100.9 r   93.1     116.1     104.0     107.1 r  108.6 r  107.6 r  121.5 r  109.3 r
     II      108.5 r   100.4 r   92.6     115.4     103.7     106.4 r  109.9 r  107.3 r  117.7 r  108.6 r
     I       108.9 r    99.8 r   91.6     115.0     103.2     105.6 r  112.0 r  107.4 r  114.8 r  108.3 r

2009 ANNUAL  103.4 r    95.8 r   92.6     113.4     103.2     109.7 r  121.0 r  112.8 r   84.1 r  109.2 r

2009 IV      106.6 r    97.4 r   91.3     114.7     103.3     107.6 r  116.6 r  110.1 r   96.2 r  108.3 r
     III     104.2 r    95.3 r   91.5     114.3     103.6     109.7 r  119.6 r  112.4 r   83.6 r  108.8 r
     II      102.2 r    94.7 r   92.7     113.4     103.7     111.0 r  123.7 r  114.5 r   75.0 r  109.5 r
     I       100.7 r    95.8 r   95.1     111.4     102.4     110.6 r  124.3 r  114.4 r   81.2 r  110.2 r
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                         February 2, 2012
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 -1.7 and 1.5 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 third quarter of 
2011.

			Table Footnotes

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

(2) The change for recent quarters is based on the Consumer Price Index 
for all urban consumers (CPI-U). The trend from 1978-2010 is based on the 
Consumer Price Index research series (CPI-U-RS).

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

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

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

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

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

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


Appendix table 1.
 Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
 and prices

                                                     Real               Unit
             Output                        Hourly    hourly             non-      Total    Unit   Implicit
             per all-                      compen-   compen-   Unit     labor     unit     pro-   price
             employee           Employee   sation    sation    labor    costs     cost     fits   deflator
   Year      hour      Output   hours       (1)       (2)      costs     (6)      (7)      (8)      (4)
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2005=100
   2010       108.3 r   100.4 r   92.7     115.6     103.5     106.8 r  109.9 r  107.6 r  118.8 r  109.0 r

   2009       103.4 r    95.8 r   92.6     113.4     103.2     109.7 r  121.0 r  112.8 r   84.1 r  109.2 r
   2008       102.9 r   103.4 r  100.5     111.2     100.8     108.0 r  113.6 r  109.6 r   91.6 r  107.3 r
   2007       102.5 r   104.8 r  102.2     107.3     101.0     104.6 r  109.2 r  105.9 r  100.0 r  105.1 r
   2006       101.9 r   103.8 r  101.9     103.3     100.0     101.3 r  103.0 r  101.8 r  111.6 r  103.0 r
   2005       100.0     100.0    100.0     100.0     100.0     100.0    100.0    100.0    100.0    100.0  

   2004        97.8 r    96.5 r   98.7      96.5      99.7      98.6 r   95.7 r   97.8 r   88.0 r   96.6 r
   2003        94.4 r    92.3 r   97.8      93.9      99.7      99.5 r   96.8 r   98.7 r   66.0 r   94.6 r
   2002        90.4 r    90.0 r   99.6      89.5      97.1      99.0 r   97.1 r   98.5 r   59.5 r   93.5 r
   2001        87.1 r    89.4 r  102.7      87.1      96.1     100.1 r   96.7 r   99.1 r   51.9 r   93.2 r
   2000        86.4 r    91.2 r  105.6      84.4      95.6      97.7 r   91.1 r   95.9 r   64.3 r   91.9 r

   1999        83.0 r    86.5 r  104.3      78.6      92.0      94.7 r   88.1 r   92.9 r   77.3 r   90.9 r
   1998        80.4 r    82.0 r  102.0      75.2      90.0      93.5 r   85.8 r   91.4 r   83.1 r   90.3 r
   1997        77.7 r    77.6 r   99.8      71.0      86.0      91.3 r   85.3 r   89.6 r   94.8 r   90.3 r
   1996        75.7 r    72.8 r   96.1      68.9      85.3      90.9 r   85.4 r   89.4 r   92.5 r   89.8 r
   1995        73.1 r    69.0 r   94.4      66.9      85.1      91.5 r   85.9 r   90.0 r   85.5 r   89.4 r

   1994        72.3 r    65.9 r   91.1      65.7      85.6      90.9 r   85.5 r   89.4 r   82.4 r   88.5 r
   1993        70.9 r    62.0 r   87.4      64.6      85.9      91.1 r   85.2 r   89.4 r   70.3 r   87.0 r
   1992        70.7 r    60.4 r   85.4      63.4      86.5      89.7 r   85.8 r   88.6 r   61.5 r   85.2 r
   1991        69.0 r    58.6 r   85.0      60.5      84.6      87.7 r   87.9 r   87.8 r   58.0 r   84.0 r
   1990        67.3 r    58.9 r   87.5      57.6      83.4      85.6 r   83.6 r   85.1 r   58.9 r   81.7 r

   1989        66.6 r    58.1 r   87.2      55.0      83.6      82.6 r   80.0 r   81.8 r   61.2 r   79.2 r
   1988        67.5 r    57.1 r   84.6      53.7      85.1      79.5 r   75.2 r   78.3 r   66.8 r   76.8 r
   1987        65.8 r    54.0 r   82.0      51.5      84.6      78.2 r   74.2 r   77.1 r   60.4 r   75.0 r
   1986        64.6 r    51.3 r   79.5      49.8      84.7      77.2 r   75.0 r   76.6 r   53.6 r   73.7 r
   1985        63.2 r    50.1 r   79.3      47.5      82.1      75.1 r   71.6 r   74.1 r   62.5 r   72.6 r

   1984        62.0 r    48.0 r   77.5      45.4      81.3      73.3 r   69.7 r   72.3 r   65.2 r   71.4 r
   1983        60.6 r    44.1 r   72.8      43.6      81.3      72.0 r   70.4 r   71.5 r   54.3 r   69.4 r
   1982        58.6 r    42.1 r   71.8      42.1      81.7      71.7 r   70.2 r   71.3 r   44.7 r   67.9 r
   1981        58.5 r    43.1 r   73.8      39.5      81.3      67.5 r   63.4 r   66.4 r   48.5 r   64.1 r
   1980        57.0 r    41.5 r   72.7      36.2      81.7      63.5 r   55.6 r   61.3 r   40.7 r   58.7 r

   1979        57.2 r    41.9 r   73.2      32.9      82.5      57.5 r   47.5 r   54.8 r   45.4 r   53.6 r
   1978        57.7 r    40.6 r   70.4      30.2      82.9      52.3 r   43.6 r   49.9 r   48.4 r   49.7 r
   1977        56.9 r    38.1 r   66.9      27.6      81.2      48.5 r   41.6 r   46.6 r   46.6 r   46.6 r
   1976        55.5 r    35.5 r   64.0      25.6      80.1      46.2 r   40.1 r   44.5 r   42.7 r   44.2 r
   1975        53.6 r    32.8 r   61.2      23.7      78.3      44.1 r   40.3 r   43.1 r   37.8 r   42.4 r

   1974        51.7 r    33.3 r   64.5      21.5      77.8      41.7 r   35.4 r   39.9 r   29.2 r   38.6 r
   1973        52.7 r    33.8 r   64.2      19.7      78.9      37.3 r   30.9 r   35.5 r   32.9 r   35.2 r
   1972        52.2 r    31.9 r   61.1      18.3      77.9      35.0 r   29.3 r   33.4 r   32.6 r   33.3 r
   1971        51.1 r    29.6 r   57.9      17.3      76.3      33.9 r   29.3 r   32.6 r   30.0 r   32.3 r
   1970        49.0 r    28.4 r   58.0      16.3      74.9      33.3 r   28.0 r   31.8 r   26.5 r   31.1 r

   1969        48.7 r    28.7 r   58.9      15.3      74.0      31.3 r   24.9 r   29.5 r   32.5 r   29.9 r
   1968        48.6 r    27.6 r   56.7      14.3      73.1      29.4 r   23.0 r   27.6 r   35.9 r   28.7 r
   1967        46.9 r    25.9 r   55.1      13.3      70.8      28.3 r   21.7 r   26.5 r   36.0 r   27.7 r
   1966        46.2 r    25.2 r   54.6      12.6      69.1      27.2 r   20.4 r   25.3 r   38.6 r   27.0 r
   1965        45.4 r    23.5 r   51.8      11.9      67.3      26.3 r   20.4 r   24.6 r   38.7 r   26.4 r

   1964        44.3 r    21.7 r   49.0      11.6      66.5      26.1 r   20.5 r   24.6 r   36.0 r   26.0 r
   1963        43.6 r    20.3 r   46.5      11.4      66.1      26.1 r   20.5 r   24.5 r   34.7 r   25.8 r
   1962        42.1 r    19.1 r   45.5      11.0      65.0      26.2 r   20.7 r   24.7 r   32.8 r   25.7 r
   1961        40.3 r    17.6 r   43.8      10.6      63.2      26.3 r   21.0 r   24.8 r   30.4 r   25.6 r
   1960        39.0 r    17.2 r   44.2      10.3      61.8      26.3 r   20.6 r   24.7 r   30.4 r   25.4 r

   1959        38.4 r    16.7 r   43.5       9.9      60.5      25.8 r   20.2 r   24.2 r   33.0 r   25.3 r
   1958        36.5 r    15.0 r   41.0       9.5      58.7      26.1 r   21.0 r   24.7 r   28.3 r   25.1 r
   1957        35.8      15.6     43.5       9.2      58.0      25.6     19.2     23.8     31.2     24.7  
   1956        35.1      15.4     43.8       8.6      56.6      24.6     17.9     22.8     32.4     24.0  
   1955        35.0      14.9     42.6       8.1      54.0      23.2     16.8     21.5     34.9     23.2  

   1954        33.0      13.3     40.3       7.9      52.0      23.8     17.4     22.0     29.7     23.0  
   1953        31.7      13.5     42.5       7.6      50.6      24.0     17.0     22.0     30.5     23.1  
   1952        30.5      12.6     41.2       7.2      48.3      23.6     17.1     21.8     32.8     23.2  
   1951        29.8      12.1     40.6       6.8      46.5      22.8     16.3     21.0     36.8     23.0  
   1950        30.1      11.5     38.1       6.2      46.0      20.7     15.6     19.3     34.2     21.2  

   1949        28.0      10.2     36.3       5.9      44.0      21.0     16.3     19.7     30.2     21.0  
   1948        26.6      10.2     38.6       5.7      42.1      21.5     15.2     19.7     33.2     21.4  
   1947        24.9       9.5     38.2       5.2      41.4      20.9     14.5     19.1     27.4     20.1  
 ----------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                          February 2, 2012
 r=revised                                                               Source: Bureau of Labor Statistics

Last Modified Date: February 02, 2012