Productivity and Costs News Release



Transmission of material in this release is embargoed until      USDL-11-1185               
8:30 a.m. (EDT) Tuesday, August 9, 2011

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



                          PRODUCTIVITY AND COSTS
                      Second Quarter 2011, Preliminary 
                            
                            
Nonfarm business sector labor productivity decreased at a 0.3 percent 
annual rate during the second quarter of 2011, the U.S. Bureau of Labor 
Statistics reported today, with output and hours worked rising 1.8 percent 
and 2.0 percent, respectively. (All quarterly percent changes in this 
release are seasonally adjusted annual rates.) From the second quarter of 
2010 to the second quarter of 2011, output increased 2.5 percent while 
hours rose 1.6 percent, yielding an increase in productivity of 0.8 
percent. (See tables A and 2.) 

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 rose 2.2 percent in the second 
quarter of 2011, because hourly compensation increased 1.9 percent while 
productivity decreased 0.3 percent. Over the last four quarters, hourly 
compensation increased more than output per hour, and unit labor costs 
rose 1.3 percent. (See tables A and 2.)

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. 



-----------------------------------------------------------------------------
Data in this release reflect the regular multi-year revision to the 
National Income and Product Accounts (NIPA) released by the Bureau of 
Economic Analysis of the U.S. Department of Commerce on July 29, 2011. See 
Revised Measures. 
-----------------------------------------------------------------------------



Manufacturing sector productivity fell 2.0 percent in the second quarter of 
2011, as output rose 0.6 percent and hours increased 2.6 percent. Over the 
last four quarters, manufacturing productivity increased 2.3 percent. Unit 
labor costs in manufacturing increased 4.4 percent in the second quarter of 
2011 and were unchanged (0.0 percent) over the last four quarters. (See tables
A and 3.) 

Productivity fell 3.5 percent in the durable goods sector in the second 
quarter of 2011 as a 5.1 percent increase in hours outpaced a 1.4 percent 
increase in output. In contrast, nondurable goods manufacturing productivity
increased 1.2 percent as hours decreased faster than output. (See tables A, 4 
and 5.)

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. 

Nonfinancial corporate sector productivity increased 1.4 percent in the first 
quarter of 2011 as output and hours rose 3.6 percent and 2.1 percent, 
respectively. (See tables D and 6.)


Revised Measures

Measures of output for the business, nonfarm business, and nonfinancial 
corporate (NFC) sectors, and compensation for all sectors incorporate the
revised National Income and Product Accounts (NIPA) data released on July 29 
by the Bureau of Economic Analysis, U.S. Department of Commerce. As a result, 
output and related series, including productivity and unit labor costs, were 
revised back to 1947 for the business and nonfarm business sectors, and back 
to 2000 for the NFC sector. Hours and related measures were revised back to 
2002 for the business and nonfarm business sectors, and back to 1997 for 
nonfinancial corporations. These revisions were due to the incorporation of 
2007 Economic Census final data on employment, as well as revised NIPA data on 
compensation of all employees and employment in government enterprises.

Table B presents previous and revised productivity and related measures for 
the nonfarm business, business, and manufacturing sectors for the first 
quarter of 2011 and table C presents annual data for nonfarm business and 
total manufacturing from 2008 to 2010. Table D presents revised and previous
measures for nonfinancial corporations for the first quarter of 2011, in 
addition to annual data from 2008 to 2010. Revised quarterly and annual series
for recent years appear in tables 1-6. All index measures in the business, 
nonfarm business, and NFC sectors show historical revisions because the 2005
base year values were revised; resulting revisions to percent changes are 
small. The annual indexes appear in appendix tables 1-3. Full historical 
annual and quarterly measures can be found on the productivity and costs home
page http://www.bls.gov/lpc/#data.

In the first quarter of 2011, nonfarm business productivity declined 0.6 
percent, rather than increasing 1.8 percent, reflecting a downward revision
of 2.3 percentage points to output. Hourly compensation increased 4.2 percent 
in the first quarter, a larger gain than reported June 2. Consequently, unit 
labor costs were revised upward to 4.8 percent. In the manufacturing sector, 
productivity growth in the first quarter remained at 4.2 percent, due to 
offsetting upward revisions to output and hours. Unit labor costs declined 1.1
percent rather than 1.4 percent as reported June 2.

For the year 2010, nonfarm business productivity growth was revised up to 4.1 
percent from the 3.9 percent increase reported June 2, the result of a larger
upward revision to output than hours. (See table C.)  Unit labor costs 
declined 2.0 percent--the largest decline in the annual series which begins in
1948. In manufacturing, productivity growth was unchanged at 5.9 percent.Unit 
labor costs fell 4.0 percent, the largest decline in the series which extends
back to 1988. 

For the year 2009, nonfarm business productivity growth was revised down to 
2.3 percent from the previous estimate of 3.7 percent due to a downward
revision in output. (See table C.) Unit labor costs declined 0.7 percent, a 
smaller decline than reported June 2. Manufacturing productivity declined 0.4
percent, as reported previously. The 4.9 percent increase in unit labor costs
was less than the 6.1 percent increase published June 2, due to a downward 
revision to hourly compensation.

For the year 2008, nonfarm business productivity was revised down to 0.6 
percent from 1.0 percent as output was revised downward. Unit labor costs were
revised up to 2.8 percent. In manufacturing, productivity, hours and output 
changed at the same rates reported previously. Unit labor costs were revised
upward to 4.7 percent. 

Nonfarm business productivity increased at an average annual rate of 2.5 
percent from 2000 to 2010 rather than the 2.7 percent rate reported June 2.
Manufacturing productivity grew at an annual average rate of 3.2 percent from
2000 to 2010, as previously reported.

In the nonfinancial corporate sector, first-quarter 2011 productivity growth
was revised down to 1.4 percent from the preliminary estimate of 4.1 percent. 
For the year 2010, productivity was revised down to 5.3 percent due to a 
downward revision in output. (See tables D and 6.) In 2009 productivity was 
revised down to 1.6 percent as the downward revision to output was greater 
than the downward revision to hours. Unit labor costs were unchanged by 
revisions in 2010 and 2009 because downward revisions to productivity were
offset by downward revisions to hourly compensation. (See table 6 and appendix
table 3.) 
___________







The revised Productivity and Costs press release for second-quarter 2011 is 
scheduled to be released on Thursday, September 1, 2011 at 8:30 a.m. (EDT).




======================================================================================================
Table A. Preliminary second-quarter 2011 measures: percent change from previous quarter, 
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            -0.3     0.8     0.0      0.7    -2.0    2.3      -3.5     2.5     1.2    3.5
Output                   1.8     2.5     1.6      2.2     0.6    4.4       1.4     7.2    -0.2    1.7
Hours                    2.0     1.6     1.7      1.5     2.6    2.1       5.1     4.6    -1.4   -1.8
Hourly 
 compensation            1.9     2.1     2.3      2.2     2.3    2.3       1.6     1.9     3.0    2.5
Real hourly
 compensation           -2.1    -1.2    -1.7     -1.1    -1.7   -1.0      -2.4    -1.4    -1.0   -0.8
Unit labor 
 costs                   2.2     1.3     2.4      1.5     4.4    0.0       5.3    -0.6     1.8   -1.0
======================================================================================================
Table B. Revised and previous measures: first 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, first quarter 2011
                                                                         
Productivity      -0.6   1.8     -1.4      0.9      4.2      4.2       6.9     7.5        3.4     2.6 
Output             0.9   3.2      0.3      2.6      7.8      7.7      13.8    14.0        2.0     1.5
Hours              1.5   1.4      1.7      1.7      3.4      3.3       6.4     6.1       -1.3    -1.1
Hourly   
 compensation      4.2   2.5      4.0      2.3      3.1      2.8       4.9     2.9       -0.8     2.1
Real hourly 
 compensation     -1.0  -2.6     -1.2     -2.8     -2.1     -2.4      -0.4    -2.3       -5.8    -3.0
Unit labor
 costs             4.8   0.7      5.4      1.5     -1.1     -1.4      -1.9    -4.3       -4.0    -0.5
===================================================================================================================
Table C. Revised and previous annual average measures: 2008-2010

Sector                       Nonfarm Business                  |                 Manufacturing
                  2010             2009              2008      |       2010            2009             2008  
             Revised Previous Revised Previous Revised Previous| Revised Previous Revised Previous Revised Previous
---------------------------------------------------------------|---------------------------------------------------
                                 Percent change                |                     Percent change
                                                               |
Productivity     4.1      3.9 	  2.3      3.7     0.6      1.0|     5.9      5.9    -0.4     -0.4    -0.4     -0.4
Output           4.0      3.7    -5.1     -3.8    -1.5     -1.1|     5.8      5.8   -13.3    -13.3    -4.4     -4.4
Hours           -0.1     -0.2    -7.2     -7.2    -2.1     -2.1|     0.0      0.0   -13.0    -13.0    -4.0     -4.0
Hourly							       |
 compensation    2.1      2.2     1.6      2.0     3.4      3.3|     1.6      2.0     4.5      5.7     4.3      3.9
Real hourly   						       |
 compensation    0.4      0.6     2.0      2.4    -0.4     -0.6|     0.0      0.4     4.9      6.1     0.4      0.1
Unit labor						       |
costs           -2.0     -1.6    -0.7     -1.6     2.8      2.2|    -4.0     -3.6     4.9      6.1     4.7      4.3
===================================================================================================================
Table D. Nonfinancial corporations: Revised and previous first-quarter 2011 measures, and revised 
annual measures 2008-2010
                                                        Real 
                                           Hourly       hourly        Unit                    Implicit
             Produc-                       compen-      compen-       labor       Unit        price
             tivity    Output     Hours    sation       sation        costs       profits     deflator
------------------------------------------------------------------------------------------------------  
                                 Percent change, annual rate, first quarter 2011

Revised        1.4       3.6        2.1       3.1         -2.1          1.6          4.6          2.0
Previous       4.1       6.2        2.0       2.4         -2.7         -1.6         15.4          0.1

                                         Percent change, annual average
2010           5.3       5.4        0.1       1.9          0.3         -3.2         40.6         -0.7
2009           1.6      -6.3       -7.8       2.0          2.4          0.4         -9.2          0.6
2008           0.3      -1.4       -1.7       3.6         -0.2          3.3         -8.4          2.1
======================================================================================================












			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 2009. Nonfarm business, 
which excludes farming, accounted for about 74 percent of GDP in 2009.
     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 47 percent of the value 
of GDP in 2009.
     
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 II        0.0         1.6        1.7        2.3       -1.7        2.4        2.6        2.5  
     I        -1.4 r       0.3 r      1.7        4.0 r     -1.2 r      5.4 r     -0.4 r      2.9 r

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

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

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

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

2011 II        0.7         2.2        1.5        2.2       -1.1        1.5        3.1        2.2  
     I         1.0 r       3.0 r      2.0        2.2 r      0.0 r      1.2 r      3.2 r      2.0 r

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

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

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

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

2011 II      110.4       104.4       94.6      118.2      102.7      107.1      119.1      111.8  
     I       110.4 r     104.0 r     94.2 r    117.5 r    103.2 r    106.4 r    118.4 r    111.2 r

2010 ANNUAL  110.0 r     102.5 r     93.2 r    115.8 r    103.6 r    105.3 r    116.3 r    109.6 r

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

2009 ANNUAL  105.7 r      98.7 r     93.4 r    113.5 r    103.3 r    107.4 r    109.6 r    108.3 r

2009 IV      108.2 r      99.7 r     92.2 r    114.6 r    103.1 r    105.9 r    112.3 r    108.4 r
     III     106.8 r      98.5 r     92.3 r    114.2 r    103.5 r    107.0 r    109.9 r    108.1 r
     II      105.0 r      98.1 r     93.4 r    113.5 r    103.8 r    108.1 r    108.0 r    108.1 r
     I       103.0 r      98.3 r     95.5 r    111.7 r    102.6 r    108.5 r    108.2 r    108.4 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 9, 2011
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 II       -0.3         1.8        2.0        1.9       -2.1        2.2        2.3        2.2  
     I        -0.6 r       0.9 r      1.5 r      4.2 r     -1.0 r      4.8 r     -1.3 r      2.2 r

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

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

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

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

2011 II        0.8         2.5        1.6        2.1       -1.2        1.3        2.3        1.7  
     I         1.2 r       3.2        1.9        2.3 r      0.1 r      1.1 r      2.5 r      1.7 r

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

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

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

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

2011 II      110.4       104.5       94.6      118.1      102.7      107.0      118.3      111.4  
     I       110.5 r     104.0 r     94.2 r    117.5 r    103.2 r    106.4 r    117.6 r    110.8 r

2010 ANNUAL  109.8 r     102.4 r     93.2 r    115.8 r    103.7 r    105.4 r    116.1 r    109.6 r

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

2009 ANNUAL  105.5 r      98.5 r     93.3 r    113.4 r    103.3 r    107.5 r    109.8 r    108.4 r

2009 IV      107.9 r      99.6 r     92.2 r    114.5 r    103.1 r    106.1 r    112.3 r    108.5 r
     III     106.5 r      98.2 r     92.2 r    114.2 r    103.5 r    107.2 r    110.3 r    108.4 r
     II      104.8 r      97.9 r     93.4 r    113.5 r    103.8 r    108.3 r    108.1 r    108.2 r
     I       102.8 r      98.2 r     95.5 r    111.7 r    102.6 r    108.6 r    108.5 r    108.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 9, 2011
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 II           -2.0            0.6            2.6            2.3           -1.7            4.4  
     I             4.2            7.8 r          3.4 r          3.1 r         -2.1 r         -1.1 r

2010 ANNUAL        5.9            5.8            0.0            1.6 r          0.0 r         -4.0 r

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

2009 ANNUAL       -0.4          -13.3          -13.0            4.5 r          4.9 r          4.9 r

2009 IV            6.9            6.1           -0.8            3.1 r          0.3 r         -3.6 r
     III          12.4            6.8           -4.9            1.4 r         -2.2 r         -9.8 r
     II            5.3          -11.0          -15.4            7.9 r          5.9 r          2.5 r
     I            -2.9          -22.3          -20.0            0.5 r          2.9 r          3.6 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 II            2.3            4.4            2.1            2.3           -1.0            0.0  
     I             4.1            6.6            2.4            2.7 r          0.5 r         -1.4 r

2010 ANNUAL        5.9            5.8            0.0            1.6 r          0.0 r         -4.0 r

2010 IV            4.2            6.6            2.3            1.2 r          0.0 r         -2.9 r
     III           4.7            7.2            2.3            1.4 r          0.2 r         -3.1 r
     II            7.2            7.5            0.2            1.4 r         -0.4 r         -5.5 r
     I             7.3            2.2           -4.8            2.4 r          0.0 r         -4.6 r

2009 ANNUAL       -0.4          -13.3          -13.0            4.5 r          4.9 r          4.9 r

2009 IV            5.3           -5.9          -10.6            3.2 r          1.7 r         -2.0 r
     III           1.7          -12.8          -14.2            4.8 r          6.6 r          3.1 r
     II           -2.6          -17.3          -15.1            5.8 r          6.9 r          8.7 r
     I            -5.5          -16.6          -11.8            4.0 r          4.2 r         10.1 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 II          112.5           94.9           84.3          119.2          103.6          106.0  
     I           113.1 r         94.7 r         83.8 r        118.5 r        104.1 r        104.8 r

2010 ANNUAL      110.3 r         91.2 r         82.7          116.6 r        104.4 r        105.8 r

2010 IV          111.9 r         93.0 r         83.1          117.6 r        104.6 r        105.1 r
     III         110.6           92.1           83.3          117.0 r        104.7 r        105.8 r
     II          110.0           90.9           82.6          116.5 r        104.7 r        105.9 r
     I           108.6           88.9           81.8          115.4 r        103.6 r        106.3 r

2009 ANNUAL      104.2           86.2           82.7          114.8 r        104.5 r        110.2 r

2009 IV          107.4           87.2           81.2          116.2 r        104.6 r        108.2 r
     III         105.6           85.9           81.4          115.3 r        104.5 r        109.2 r
     II          102.6           84.5           82.4          114.9 r        105.1 r        112.1 r
     I           101.2           87.0           86.0          112.8 r        103.6 r        111.4 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 9, 2011
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 II           -3.5            1.4            5.1            1.6           -2.4            5.3  
     I             6.9 r         13.8 r          6.4 r          4.9 r         -0.4 r         -1.9 r

2010 ANNUAL        8.1            7.9 r         -0.1            2.1 r          0.4 r         -5.5 r

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

2009 ANNUAL       -3.5          -18.4          -15.5            5.7 r          6.1 r          9.5 r

2009 IV            6.8            6.4           -0.4            3.8 r          1.0 r         -2.8 r
     III          19.4           11.5           -6.6            1.0 r         -2.6 r        -15.4 r
     II            3.7          -17.5          -20.5           11.6 r          9.5 r          7.6 r
     I            -8.8          -30.3          -23.6            3.1 r          5.5 r         13.0 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 II            2.5            7.2            4.6            1.9           -1.4           -0.6  
     I             6.3 r         10.5 r          4.0 r          3.3 r          1.1 r         -2.8 r

2010 ANNUAL        8.1            7.9 r         -0.1            2.1 r          0.4 r         -5.5 r

2010 IV            6.1            9.6 r          3.4            1.3 r          0.1 r         -4.5 r
     III           6.5            9.8            3.2            1.7 r          0.4 r         -4.5 r
     II           10.8           10.6           -0.2            2.1 r          0.3 r         -7.8 r
     I             8.9            1.9           -6.4            3.2 r          0.8 r         -5.2 r

2009 ANNUAL       -3.5          -18.4          -15.5            5.7 r          6.1 r          9.5 r

2009 IV            4.8           -9.1          -13.3            4.8 r          3.3 r          0.0 r
     III          -1.2          -17.8          -16.8            5.9 r          7.7 r          7.2 r
     II           -6.6          -23.4          -18.0            7.4            8.4           15.0  
     I            -9.7          -21.9          -13.4            4.6 r          4.8 r         15.9 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 II          113.6           94.6           83.2          120.8          105.1          106.4  
     I           114.6 r         94.2 r         82.2 r        120.4 r        105.7 r        105.0 r

2010 ANNUAL      110.7 r         88.7 r         80.1          118.1 r        105.7 r        106.7 r

2010 IV          112.7 r         91.2 r         80.9          118.9 r        105.8 r        105.5 r
     III         111.3           90.0           80.9          118.3 r        105.9 r        106.3 r
     II          110.8           88.2           79.6          118.5 r        106.5 r        107.0 r
     I           107.9           85.3           79.0          116.5 r        104.6 r        108.0 r

2009 ANNUAL      102.4           82.1           80.2          115.7 r        105.3 r        112.9 r

2009 IV          106.3           83.2           78.3          117.4 r        105.7 r        110.5 r
     III         104.5           81.9           78.4          116.4 r        105.5 r        111.3 r
     II          100.0           79.7           79.7          116.1 r        106.2 r        116.1 r
     I            99.1           83.7           84.4          112.9 r        103.8 r        114.0 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 9, 2011
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 II            1.2           -0.2           -1.4            3.0           -1.0            1.8  
     I             3.4 r          2.0 r         -1.3 r         -0.8 r         -5.8 r         -4.0 r

2010 ANNUAL        3.6            3.7            0.1            0.8 r         -0.9 r         -2.8 r

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

2009 ANNUAL        1.3           -7.5           -8.7            2.9 r          3.2 r          1.5 r

2009 IV            7.3            5.8           -1.4            1.9 r         -0.9 r         -5.1 r
     III           4.5            2.3           -2.2            2.5 r         -1.1 r         -1.9 r
     II            3.2           -3.6           -6.5            2.8 r          0.8 r         -0.4 r
     I             1.2          -12.6          -13.6           -3.3 r         -1.0 r         -4.4 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 II            3.5            1.7           -1.8            2.5           -0.8           -1.0  
     I             2.9 r          2.7 r         -0.2 r          1.2 r         -0.9 r         -1.6 r

2010 ANNUAL        3.6            3.7            0.1            0.8 r         -0.9 r         -2.8 r

2010 IV            2.9            3.5            0.6            0.9 r         -0.3 r         -2.0 r
     III           3.4            4.5            1.1            0.8 r         -0.4 r         -2.5 r
     II            3.5            4.4            0.8            0.1 r         -1.7 r         -3.3 r
     I             4.6            2.4           -2.1            1.2 r         -1.1 r         -3.3 r

2009 ANNUAL        1.3           -7.5           -8.7            2.9 r          3.2 r          1.5 r

2009 IV            4.0           -2.3           -6.0            0.9 r         -0.5 r         -3.0 r
     III           3.3           -6.8           -9.8            3.5 r          5.2 r          0.1 r
     II           -0.1          -10.0           -9.9            3.7 r          4.7 r          3.8 r
     I            -1.8          -10.4           -8.8            3.3 r          3.4 r          5.1 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 II          110.4           95.2           86.3          116.5          101.3          105.5  
     I           110.0 r         95.3 r         86.6 r        115.6 r        101.5 r        105.0 r

2010 ANNUAL      107.6 r         93.9 r         87.2          114.7 r        102.7 r        106.6 r

2010 IV          109.1 r         94.8 r         86.9          115.8 r        103.0 r        106.1 r
     III         107.7           94.3           87.6          115.2 r        103.2 r        106.9 r
     II          106.6           93.7           87.9          113.6 r        102.1 r        106.6 r
     I           107.0           92.8           86.7          114.2 r        102.5 r        106.7 r

2009 ANNUAL      103.9           90.5           87.2          113.8 r        103.6 r        109.6 r

2009 IV          106.0           91.5           86.3          114.8 r        103.3 r        108.3 r
     III         104.2           90.3           86.6          114.3 r        103.6 r        109.7 r
     II          103.0           89.8           87.1          113.5 r        103.8 r        110.2 r
     I           102.2           90.6           88.6          112.8 r        103.6 r        110.3 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 9, 2011
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 I         1.4 r     3.6 r    2.1 r     3.1 r    -2.1 r     1.6 r    1.5 r    1.6 r    4.6 r    2.0 r

2010 ANNUAL    5.3 r     5.4 r    0.1       1.9 r     0.3 r    -3.2     -9.7 r   -5.1 r   40.6 r   -0.7 r

2010 IV       -3.1 r    -1.3 r    1.9 r    -0.3 r    -3.0 r     2.9 r    1.8 r    2.6 r   -0.8 r    2.1 r
     III      -0.1 r     2.3 r    2.3       2.6 r     1.2 r     2.7 r   -4.6 r    0.6 r   13.3 r    2.3 r
     II       -1.2 r     2.9 r    4.2 r     1.4 r     2.0 r     2.7 r   -7.8 r   -0.4 r   10.2 r    0.9 r
     I         9.3 r    10.6 r    1.2       0.9 r    -0.4 r    -7.7 r  -15.0 r   -9.9 r  101.8 r   -0.5 r

2009 ANNUAL    1.6 r    -6.3 r   -7.8 r     2.0 r     2.4 r     0.4      5.3 r    1.8 r   -9.2 r    0.6  

2009 IV       10.5 r     9.9 r   -0.6       1.6 r    -1.1 r    -8.1 r  -10.4 r   -8.7 r   74.1 r   -2.4 r
     III       9.3 r     3.8 r   -5.0 r     3.0 r    -0.7 r    -5.7 r  -13.5 r   -8.1 r   52.8 r   -3.7 r
     II        7.2 r    -3.2 r   -9.7 r     7.4 r     5.4 r     0.2 r   -3.3 r   -0.9 r  -28.2 r   -3.7 r
     I        -8.1 r   -18.6 r  -11.5 r    -6.3 r    -4.0 r     2.0 r   21.4 r    7.4 r  -29.7 r    3.0 r
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2011 I        -0.8 r     1.8 r    2.6       1.7 r    -0.5 r     2.5 r   -2.3 r    1.1 r    6.7 r    1.8 r

2010 ANNUAL    5.3 r     5.4 r    0.1       1.9 r     0.3 r    -3.2     -9.7 r   -5.1 r   40.6 r   -0.7 r

2010 IV        1.1 r     3.5 r    2.4 r     1.1 r    -0.1 r     0.0 r   -6.6 r   -1.9 r   25.7 r    1.2 r
     III       4.5 r     6.4 r    1.8 r     1.6 r     0.4 r    -2.7 r   -9.5 r   -4.7 r   44.7 r    0.1 r
     II        6.8 r     6.8 r   -0.1       1.7 r     0.0 r    -4.8    -11.7 r   -6.9 r   56.0 r   -1.4 r
     I         9.1 r     5.1 r   -3.6       3.2 r     0.8 r    -5.4 r  -10.7 r   -7.0 r   40.1 r   -2.6 r

2009 ANNUAL    1.6 r    -6.3 r   -7.8 r     2.0 r     2.4 r     0.4      5.3 r    1.8 r   -9.2 r    0.6  

2009 IV        4.5 r    -2.6 r   -6.8 r     1.3 r    -0.1 r    -3.0 r   -2.3 r   -2.8 r    7.6 r   -1.7 r
     III       1.3 r    -7.6 r   -8.8 r     2.5 r     4.1 r     1.2 r    4.9 r    2.2 r  -19.2 r   -0.3 r
     II        1.1 r    -7.7 r   -8.7 r     2.9 r     3.9       1.7 r    8.7 r    3.7 r  -16.2 r    1.6 r
     I        -0.3 r    -7.2 r   -6.9 r     1.5       1.6       1.8 r   10.4 r    4.3 r   -7.8 r    3.0 r
---------------------------------------------------------------------------------------------------------
                                            Indexes 2005=100

2011 I       109.9 r   103.3 r   94.0 r   116.9 r   102.7 r   106.4 r  107.6 r  106.7 r  120.4 r  108.5 r

2010 ANNUAL  110.3 r   102.2 r   92.7 r   115.6 r   103.5 r   104.9 r  108.0 r  105.7 r  116.7 r  107.1 r

2010 IV      109.5 r   102.4 r   93.5 r   116.0 r   103.2 r   106.0 r  107.2 r  106.3 r  119.0 r  107.9 r
     III     110.4 r   102.8 r   93.1 r   116.1 r   104.0 r   105.2 r  106.7 r  105.6 r  119.3 r  107.3 r
     II      110.4 r   102.2 r   92.6 r   115.4 r   103.7 r   104.5 r  107.9 r  105.5 r  115.6 r  106.8 r
     I       110.7 r   101.5 r   91.6 r   115.0 r   103.2 r   103.8 r  110.2 r  105.6 r  112.8 r  106.5 r

2009 ANNUAL  104.7 r    97.0 r   92.6 r   113.4 r   103.2 r   108.4 r  119.5 r  111.5 r   83.0 r  107.9  

2009 IV      108.3 r    98.9 r   91.3 r   114.7 r   103.3 r   105.9 r  114.7 r  108.4 r   94.7 r  106.6 r
     III     105.6 r    96.6 r   91.5 r   114.3 r   103.6 r   108.2 r  117.9 r  110.9 r   82.4 r  107.3 r
     II      103.3 r    95.7 r   92.7 r   113.4 r   103.7 r   109.8 r  122.3 r  113.2 r   74.1 r  108.3 r
     I       101.5 r    96.5 r   95.1 r   111.4 r   102.4 r   109.7 r  123.3 r  113.5 r   80.5 r  109.3 r
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                           August 9, 2011
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 -1.8 and 1.6 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 
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.
 Business sector: Productivity, hourly compensation, unit labor costs, and prices.

                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
             per hour               Hours      sation     sation      Unit      nonlabor   price
             of all                 of all     per hour   per hour    labor     payments   deflator
   Year      persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2005=100
   2010       110.0 r     102.5 r     93.2 r    115.8 r    103.6 r    105.3 r    116.3 r    109.6 r

   2009       105.7 r      98.7 r     93.4 r    113.5 r    103.3 r    107.4 r    109.6 r    108.3 r
   2008       103.2 r     103.7 r    100.5 r    111.7 r    101.2 r    108.2 r    106.3 r    107.5 r
   2007       102.4 r     105.1 r    102.6 r    108.1 r    101.7 r    105.5 r    105.6 r    105.6 r
   2006       100.9 r     103.0 r    102.1 r    103.8 r    100.5 r    102.8 r    103.0 r    102.9 r
   2005       100.0       100.0      100.0      100.0      100.0      100.0      100.0      100.0  

   2004        98.4 r      96.7 r     98.3 r     96.2 r     99.5 r     97.8 r     95.4 r     96.9 r
   2003        95.7 r      93.0 r     97.2 r     93.0 r     98.7 r     97.2 r     90.3 r     94.5 r
   2002        92.2 r      90.2 r     97.8 r     88.8 r     96.4 r     96.4 r     88.4 r     93.2 r
   2001        88.2 r      88.4 r    100.3 r     86.1 r     95.0 r     97.7 r     84.5 r     92.5 r
   2000        85.6 r      87.7 r    102.4 r     82.3 r     93.3 r     96.1 r     82.9 r     90.9 r

   1999        82.7 r      83.9 r    101.4 r     76.6 r     89.8 r     92.6 r     84.0 r     89.2 r
   1998        79.9 r      79.5 r     99.4 r     73.3 r     87.7 r     91.7 r     83.6 r     88.5 r
   1997        77.6 r      75.7 r     97.5 r     69.1 r     83.8 r     89.1 r     86.2 r     87.9 r
   1996        76.3 r      72.0 r     94.4 r     66.9 r     82.9 r     87.8 r     84.7 r     86.6 r
   1995        74.1 r      68.8 r     92.9 r     64.7 r     82.4 r     87.4 r     81.9 r     85.2 r

   1994        74.1 r      67.0 r     90.4 r     63.4 r     82.6 r     85.6 r     80.7 r     83.7 r
   1993        73.4 r      63.8 r     86.9 r     62.5 r     83.1 r     85.1 r     77.9 r     82.3 r
   1992        73.0 r      61.8 r     84.7 r     61.1 r     83.3 r     83.7 r     76.1 r     80.7 r
   1991        70.1 r      59.5 r     84.9 r     58.0 r     81.1 r     82.8 r     73.6 r     79.2 r
   1990        69.0 r      60.0 r     86.9 r     55.2 r     80.0 r     80.0 r     71.6 r     76.7 r

   1989        67.6 r      59.1 r     87.4 r     51.9 r     78.9 r     76.7 r     69.9 r     74.0 r
   1988        66.9 r      57.0 r     85.2 r     50.5 r     80.1 r     75.5 r     65.1 r     71.4 r
   1987        65.9 r      54.6 r     82.9 r     48.0 r     79.0 r     72.9 r     63.7 r     69.2 r
   1986        65.7 r      52.9 r     80.5 r     46.4 r     78.8 r     70.5 r     63.1 r     67.6 r
   1985        63.9 r      51.0 r     79.8 r     44.1 r     76.3 r     69.0 r     62.7 r     66.5 r

   1984        62.5 r      48.7 r     78.0 r     42.1 r     75.4 r     67.4 r     61.2 r     65.0 r
   1983        60.8 r      44.8 r     73.7 r     40.4 r     75.3 r     66.4 r     58.1 r     63.1 r
   1982        58.7 r      42.6 r     72.5 r     38.8 r     75.4 r     66.1 r     53.3 r     61.1 r
   1981        59.2 r      43.9 r     74.1 r     36.2 r     74.5 r     61.1 r     52.6 r     57.8 r
   1980        58.0 r      42.7 r     73.6 r     33.1 r     74.6 r     57.0 r     46.6 r     52.9 r

   1979        58.1 r      43.2 r     74.3 r     29.9 r     74.9 r     51.4 r     44.1 r     48.5 r
   1978        58.2 r      41.8 r     71.8 r     27.3 r     74.9 r     46.9 r     41.4 r     44.7 r
   1977        57.5 r      39.3 r     68.3 r     25.1 r     73.7 r     43.6 r     39.0 r     41.8 r
   1976        56.6 r      37.2 r     65.8 r     23.2 r     72.7 r     41.1 r     36.8 r     39.4 r
   1975        54.8 r      34.9 r     63.7 r     21.4 r     70.8 r     39.0 r     35.0 r     37.4 r

   1974        53.0 r      35.3 r     66.6 r     19.4 r     70.1 r     36.6 r     30.2 r     34.1 r
   1973        53.9 r      35.8 r     66.5 r     17.7 r     71.0 r     32.9 r     28.4 r     31.1 r
   1972        52.3 r      33.5 r     64.0 r     16.3 r     69.6 r     31.2 r     27.0 r     29.6 r
   1971        50.6 r      31.4 r     62.1 r     15.4 r     67.5 r     30.3 r     25.8 r     28.5 r
   1970        48.6 r      30.3 r     62.2 r     14.5 r     66.3 r     29.7 r     23.8 r     27.4 r

   1969        47.7 r      30.3 r     63.5 r     13.4 r     65.1 r     28.1 r     23.3 r     26.2 r
   1968        47.4 r      29.4 r     61.9 r     12.5       64.2 r     26.4 r     23.0 r     25.1 r
   1967        45.9 r      28.0 r     61.0 r     11.6       61.9 r     25.3 r     22.3 r     24.1 r
   1966        44.9 r      27.5 r     61.2 r     11.0       60.4 r     24.5 r     22.0 r     23.5 r
   1965        43.1 r      25.7 r     59.6 r     10.3 r     58.2 r     23.9 r     21.5 r     22.9 r

   1964        41.7 r      24.0 r     57.7 r      9.9 r     57.0 r     23.8 r     20.7 r     22.6 r
   1963        40.3 r      22.6 r     56.1 r      9.6 r     55.6 r     23.7 r     20.2 r     22.3 r
   1962        38.8 r      21.6 r     55.7 r      9.2 r     54.4 r     23.8 r     19.7 r     22.2 r
   1961        37.1 r      20.3 r     54.7 r      8.8       52.6 r     23.8 r     19.1 r     22.0 r
   1960        35.8 r      19.9 r     55.5 r      8.5 r     51.2 r     23.7 r     18.8 r     21.8 r

   1959        35.2 r      19.5 r     55.4 r      8.2 r     50.0 r     23.2 r     19.1 r     21.6 r
   1958        33.9 r      18.0 r     53.2 r      7.8       48.3 r     23.1 r     18.7 r     21.4 r
   1957        33.0 r      18.4 r     55.7 r      7.5       47.6 r     22.8 r     18.3 r     21.0 r
   1956        32.0 r      18.1 r     56.5 r      7.1 r     46.2 r     22.1 r     17.8 r     20.4 r
   1955        31.9 r      17.8 r     55.7 r      6.6 r     44.0 r     20.7 r     18.2 r     19.7 r

   1954        30.6 r      16.4 r     53.7 r      6.5       42.7 r     21.1 r     17.1 r     19.5 r
   1953        30.0 r      16.7 r     55.5 r      6.3 r     41.7 r     20.9 r     17.2 r     19.4 r
   1952        28.9 r      15.9 r     54.8 r      5.9 r     39.5 r     20.3 r     17.6 r     19.2 r
   1951        28.1 r      15.4 r     54.7 r      5.5 r     37.9 r     19.7 r     18.0 r     19.0 r
   1950        27.3 r      14.5 r     53.0 r      5.1       37.3 r     18.5 r     16.3 r     17.7 r

   1949        25.2 r      13.2 r     52.3 r      4.7       35.3 r     18.7 r     15.5 r     17.5 r
   1948        24.6 r      13.3 r     54.0 r      4.7 r     34.4 r     18.9 r     15.7 r     17.6 r
   1947        23.5 r      12.6 r     53.6 r      4.3 r     34.3 r     18.2 r     14.1 r     16.6 r
 ----------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      August 9, 2011
 r=revised                                                         Source: Bureau of Labor Statistics



Appendix table 2.
 Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices.

                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
             per hour               Hours      sation     sation      Unit      nonlabor   price
             of all                 of all     per hour   per hour    labor     payments   deflator
   Year      persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2005=100
   2010       109.8 r     102.4 r     93.2 r    115.8 r    103.7 r    105.4 r    116.1 r    109.6 r

   2009       105.5 r      98.5 r     93.3 r    113.4 r    103.3 r    107.5 r    109.8 r    108.4 r
   2008       103.1 r     103.7 r    100.6 r    111.6 r    101.2 r    108.2 r    105.8 r    107.3 r
   2007       102.4 r     105.3 r    102.7 r    107.9 r    101.6 r    105.3 r    105.4 r    105.4 r
   2006       100.9 r     103.1 r    102.2 r    103.8 r    100.5 r    102.8 r    103.2 r    103.0 r
   2005       100.0       100.0      100.0      100.0      100.0      100.0      100.0      100.0  

   2004        98.4 r      96.7 r     98.3 r     96.2 r     99.4 r     97.8 r     94.8 r     96.6 r
   2003        95.8 r      93.0 r     97.1 r     93.1 r     98.8 r     97.1 r     90.1 r     94.4 r
   2002        92.4 r      90.3 r     97.6 r     88.9 r     96.5 r     96.2 r     88.7 r     93.2 r
   2001        88.4 r      88.6 r    100.2 r     86.2 r     95.0 r     97.5 r     84.6 r     92.4 r
   2000        85.9 r      87.8 r    102.2 r     82.5 r     93.5 r     96.0 r     83.0 r     90.9 r

   1999        83.1 r      84.1 r    101.2 r     76.8 r     89.9 r     92.4 r     84.1 r     89.1 r
   1998        80.4 r      79.6 r     99.0 r     73.6 r     88.0 r     91.5 r     83.3 r     88.3 r
   1997        78.1 r      75.7 r     96.9 r     69.4 r     84.2 r     88.9 r     85.6 r     87.6 r
   1996        76.9 r      72.1 r     93.7 r     67.4 r     83.4 r     87.5 r     83.7 r     86.0 r
   1995        75.0 r      69.0 r     92.0 r     65.2 r     82.9 r     86.9 r     81.6 r     84.8 r

   1994        74.7 r      66.9 r     89.6 r     63.9 r     83.2 r     85.5 r     80.1 r     83.4 r
   1993        73.9 r      63.9 r     86.4 r     62.7 r     83.5 r     84.9 r     77.3 r     81.9 r
   1992        73.5 r      61.8 r     84.0 r     61.5 r     83.9 r     83.7 r     75.1 r     80.3 r
   1991        70.7 r      59.5 r     84.2 r     58.4 r     81.6 r     82.6 r     72.8 r     78.7 r
   1990        69.6 r      60.1 r     86.3 r     55.5 r     80.3 r     79.7 r     70.5 r     76.1 r

   1989        68.4 r      59.2 r     86.6 r     52.2 r     79.4 r     76.4 r     68.7 r     73.4 r
   1988        67.9 r      57.2 r     84.3 r     50.9 r     80.8 r     75.1 r     64.2 r     70.8 r
   1987        66.8 r      54.7 r     81.9 r     48.5 r     79.7 r     72.7 r     62.7 r     68.7 r
   1986        66.6 r      52.9 r     79.5 r     46.8 r     79.5 r     70.3 r     62.1 r     67.1 r
   1985        64.6 r      51.0 r     78.9 r     44.5 r     76.9 r     68.9 r     61.5 r     66.0 r

   1984        63.5 r      48.9 r     76.9 r     42.6 r     76.2 r     67.0 r     59.7 r     64.1 r
   1983        62.3 r      45.1 r     72.5 r     40.9 r     76.2 r     65.7 r     57.2 r     62.4 r
   1982        59.7 r      42.4 r     71.1 r     39.3 r     76.3 r     65.8 r     52.1 r     60.4 r
   1981        60.3 r      43.8 r     72.7 r     36.7 r     75.5 r     60.8 r     50.9 r     56.9 r
   1980        59.5 r      42.9 r     72.2 r     33.4 r     75.4 r     56.2 r     45.3 r     51.9 r

   1979        59.6 r      43.4 r     72.8 r     30.2 r     75.7 r     50.7 r     42.3 r     47.4 r
   1978        59.9 r      42.1 r     70.3 r     27.6 r     75.8 r     46.1 r     39.9 r     43.7 r
   1977        59.1 r      39.5 r     66.8 r     25.4 r     74.5 r     42.9 r     37.8 r     40.9 r
   1976        58.2 r      37.4 r     64.2 r     23.5 r     73.4 r     40.3 r     35.7 r     38.5 r
   1975        56.3 r      34.9 r     62.0 r     21.6 r     71.6 r     38.4 r     33.5 r     36.5 r

   1974        54.8 r      35.5 r     64.8 r     19.7 r     71.0 r     35.9 r     28.4 r     32.9 r
   1973        55.7 r      36.0 r     64.7 r     17.9 r     71.8 r     32.2 r     26.3 r     29.9 r
   1972        54.0 r      33.6 r     62.2 r     16.6 r     70.5 r     30.7 r     26.0 r     28.8 r
   1971        52.3 r      31.5 r     60.2 r     15.5 r     68.4 r     29.8 r     25.2 r     28.0 r
   1970        50.2 r      30.3 r     60.4 r     14.6 r     67.1 r     29.1 r     23.3 r     26.8 r

   1969        49.5 r      30.4 r     61.3 r     13.6 r     66.2 r     27.5 r     22.8 r     25.7 r
   1968        49.4 r      29.5 r     59.6 r     12.8       65.3 r     25.8 r     22.6 r     24.6 r
   1967        47.8 r      28.0 r     58.6 r     11.8 r     63.1 r     24.8 r     21.9 r     23.6 r
   1966        47.0 r      27.5 r     58.6 r     11.2 r     61.5 r     23.8 r     21.5 r     22.9 r
   1965        45.4 r      25.7 r     56.6 r     10.6 r     59.7 r     23.3 r     21.0 r     22.4 r

   1964        44.0 r      24.0 r     54.5 r     10.2 r     58.7 r     23.2 r     20.3 r     22.1 r
   1963        42.7 r      22.5 r     52.6 r      9.9       57.7 r     23.2 r     19.7 r     21.8 r
   1962        41.3 r      21.5 r     52.0 r      9.6       56.5 r     23.2 r     19.3 r     21.7 r
   1961        39.5 r      20.1 r     50.9 r      9.2       54.9 r     23.3 r     18.6 r     21.5 r
   1960        38.3 r      19.7 r     51.4 r      8.9 r     53.7 r     23.3 r     18.2 r     21.3 r

   1959        37.9 r      19.4 r     51.1 r      8.6       52.3 r     22.6 r     18.7 r     21.0 r
   1958        36.5 r      17.8 r     48.9 r      8.2 r     50.7 r     22.6 r     18.0 r     20.8 r
   1957        35.7 r      18.2 r     51.0 r      7.9 r     50.2 r     22.2 r     17.9 r     20.5 r
   1956        34.8 r      17.8 r     51.3 r      7.5       49.0 r     21.5 r     17.3 r     19.9 r
   1955        35.0 r      17.5 r     50.1 r      7.1       46.9 r     20.1 r     17.7 r     19.2 r

   1954        33.6 r      16.2 r     48.1 r      6.8       45.0 r     20.2 r     16.7 r     18.8 r
   1953        33.0 r      16.4 r     49.8 r      6.6       44.0 r     20.0 r     16.6 r     18.7 r
   1952        32.2 r      15.7 r     48.6 r      6.2       42.0 r     19.4 r     16.7 r     18.3 r
   1951        31.7 r      15.2 r     48.1 r      5.9 r     40.5 r     18.7 r     16.8 r     18.0 r
   1950        30.8 r      14.2 r     45.9 r      5.4       40.2 r     17.7 r     15.6 r     16.9 r

   1949        28.9 r      12.9 r     44.5 r      5.1       38.5 r     17.8 r     15.0 r     16.7 r
   1948        28.0 r      12.9 r     46.3 r      5.0       36.9 r     17.9 r     14.5 r     16.5 r
   1947        27.2 r      12.4 r     45.5 r      4.6 r     36.7 r     16.9 r     13.4 r     15.5 r
 ----------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      August 9, 2011
 r=revised                                                         Source: Bureau of Labor Statistics



Appendix table 3.
 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       110.3 r   102.2 r   92.7 r   115.6 r   103.5 r   104.9 r  108.0 r  105.7 r  116.7 r  107.1 r

   2009       104.7 r    97.0 r   92.6 r   113.4 r   103.2 r   108.4 r  119.5 r  111.5 r   83.0 r  107.9  
   2008       103.0 r   103.5 r  100.5 r   111.2 r   100.8 r   108.0 r  113.5 r  109.5 r   91.5 r  107.2  
   2007       102.7 r   105.0    102.2 r   107.3 r   101.0 r   104.5    109.0    105.7     99.8    105.0  
   2006       101.9 r   103.8    101.9 r   103.3 r   100.0 r   101.3    103.0    101.8    111.6    103.0  
   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     98.7 r    96.5 r    99.7 r    98.6     95.7     97.8     88.0     96.6  
   2003        94.4 r    92.3     97.8 r    93.9 r    99.7 r    99.5     96.8     98.7     66.0     94.6  
   2002        90.5 r    90.1     99.6 r    89.5 r    97.1 r    98.9     97.0     98.4     59.4     93.5  
   2001        87.1 r    89.5    102.7 r    87.1 r    96.1 r   100.0     96.7     99.1     51.8     93.1  
   2000        86.4 r    91.2    105.6 r    84.4 r    95.6 r    97.6     91.1     95.8     64.3     91.8  

   1999        83.0 r    86.6    104.3 r    78.6 r    92.0 r    94.6     88.1     92.8     77.3     90.8  
   1998        80.5 r    82.0    102.0 r    75.2 r    90.0 r    93.5     85.7     91.3     83.1     90.3  
   1997        77.8 r    77.6     99.8 r    71.0 r    86.0 r    91.2     85.3     89.6     94.7     90.2  
   1996        75.8 r    72.9     96.1 r    68.9 r    85.3 r    90.8     85.4     89.3     92.5     89.7  
   1995        73.1 r    69.0     94.4 r    66.9 r    85.1 r    91.5     85.8     89.9     85.4     89.3  

   1994        72.4 r    66.0     91.1 r    65.7 r    85.6 r    90.8     85.5     89.3     82.4     88.4  
   1993        70.9 r    62.0     87.4 r    64.6 r    85.9 r    91.0     85.1     89.4     70.3     87.0  
   1992        70.8 r    60.4     85.4 r    63.4 r    86.5 r    89.6     85.8     88.6     61.4     85.1  
   1991        69.0 r    58.7     85.0 r    60.5 r    84.6 r    87.6     87.9     87.7     58.0     83.9  
   1990        67.4 r    59.0     87.5 r    57.6 r    83.4 r    85.6     83.5     85.0     58.9     81.7  

   1989        66.6 r    58.1     87.2 r    55.0 r    83.6 r    82.5     80.0     81.8     61.2     79.2  
   1988        67.6 r    57.1     84.6 r    53.7 r    85.1 r    79.4     75.1     78.2     66.8     76.8  
   1987        65.9 r    54.0     82.0 r    51.5 r    84.6 r    78.1     74.2     77.0     60.3     74.9  
   1986        64.6 r    51.4     79.5 r    49.8 r    84.7 r    77.1     74.9     76.5     53.6     73.6  
   1985        63.3 r    50.1     79.3 r    47.5 r    82.1 r    75.0     71.5     74.1     62.4     72.6  

   1984        62.0 r    48.1     77.5 r    45.4 r    81.3 r    73.2     69.6     72.2     65.2     71.3  
   1983        60.6 r    44.2     72.8 r    43.6 r    81.3 r    71.9     70.3     71.5     54.3     69.3  
   1982        58.7 r    42.1     71.8 r    42.1 r    81.7 r    71.7     70.2     71.3     44.7     67.9  
   1981        58.5 r    43.1     73.8 r    39.5 r    81.3 r    67.5     63.3     66.3     48.5     64.1  
   1980        57.1 r    41.5     72.7 r    36.2 r    81.7 r    63.5     55.6     61.3     40.7     58.7  

   1979        57.2 r    41.9     73.2 r    32.9 r    82.5 r    57.5     47.5     54.7     45.4     53.5  
   1978        57.7 r    40.6     70.4 r    30.2 r    82.9 r    52.3     43.6     49.9     48.4     49.7  
   1977        57.0 r    38.2     66.9 r    27.6 r    81.2 r    48.5     41.5     46.5     46.6     46.6  
   1976        55.5 r    35.5     64.0 r    25.6 r    80.1 r    46.1     40.0     44.4     42.7     44.2  
   1975        53.7 r    32.8     61.2 r    23.7 r    78.3 r    44.1     40.3     43.0     37.8     42.4  

   1974        51.7 r    33.3     64.5 r    21.5 r    77.8 r    41.7     35.4     39.9     29.1     38.6  
   1973        52.8 r    33.9     64.2 r    19.7 r    78.9 r    37.3     30.8     35.5     32.9     35.2  
   1972        52.2 r    31.9     61.1 r    18.3 r    77.9 r    35.0     29.3     33.4     32.5     33.3  
   1971        51.2 r    29.6     57.9 r    17.3 r    76.3 r    33.9     29.3     32.6     30.0     32.3  
   1970        49.1 r    28.5     58.0 r    16.3 r    74.9 r    33.3     28.0     31.8     26.5     31.1  

   1969        48.7 r    28.7     58.9 r    15.3 r    74.0 r    31.3     24.8     29.5     32.5     29.9  
   1968        48.7 r    27.6     56.7 r    14.3 r    73.1 r    29.4     23.0     27.6     35.9     28.6  
   1967        47.0 r    25.9     55.1 r    13.3 r    70.8 r    28.3     21.7     26.4     36.0     27.6  
   1966        46.2 r    25.2     54.6 r    12.6 r    69.1 r    27.2     20.4     25.3     38.5     27.0  
   1965        45.4 r    23.5     51.8 r    11.9 r    67.3 r    26.2     20.3     24.6     38.7     26.4  

   1964        44.3 r    21.7     49.0 r    11.6 r    66.5 r    26.1     20.5     24.6     36.0     26.0  
   1963        43.6 r    20.3     46.5 r    11.4 r    66.1 r    26.0     20.5     24.5     34.7     25.8  
   1962        42.1 r    19.1     45.5 r    11.0 r    65.0 r    26.2     20.6     24.6     32.8     25.7  
   1961        40.3 r    17.6     43.8 r    10.6 r    63.2 r    26.3     21.0     24.8     30.4     25.5  
   1960        39.0 r    17.2     44.2 r    10.3 r    61.8 r    26.3     20.6     24.7     30.3     25.4  

   1959        38.4 r    16.7     43.5 r     9.9 r    60.5 r    25.7     20.1     24.2     32.9     25.3  
   1958        36.6 r    15.0     41.0 r     9.5 r    58.7 r    26.0     21.0     24.6     28.3     25.1  
 ----------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                            August 9, 2011
 r=revised                                                               Source: Bureau of Labor Statistics

Last Modified Date: August 09, 2011