Productivity and Costs News Release



Transmission of material in this release is embargoed until        USDL 15-1558
8:30 a.m. (EDT) Tuesday, August 11, 2015

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 2015, Preliminary
                      
                      
                      
Nonfarm business sector labor productivity increased at a 1.3 percent annual 
rate during the second quarter of 2015, the U.S. Bureau of Labor Statistics 
reported today, as output increased 2.8 percent and hours worked increased 
1.5 percent. (All quarterly percent changes in this release are seasonally 
adjusted annual rates.) From the second quarter of 2014 to the second quarter 
of 2015, productivity increased 0.3 percent, reflecting increases in output 
and hours worked of 2.8 percent and 2.6 percent, respectively. (See table A.) 

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 the nonfarm business sector increased 0.5 percent in the 
second quarter of 2015, reflecting a 1.8 percent increase in hourly 
compensation and a 1.3 percent increase in productivity. Unit labor costs 
increased 2.1 percent over the last four quarters. (See tables A and 2.) 

=============================================================================
          Historical Revisions to Productivity and Costs Data
          
Data in this release reflect the revisions to the National Income and Product 
Accounts (NIPA) released by the Bureau of Economic Analysis of the U.S. 
Department of Commerce on July 30, 2015. See “Revised measures” section.
=============================================================================

BLS calculates 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 labor productivity increased 2.5 percent in the second 
quarter of 2015, as output increased 1.5 percent and hours worked decreased 
1.0 percent. Productivity increased 3.4 percent in the durable manufacturing 
sector and 1.2 percent in the nondurable goods sector. (See tables A, 3, 4, 
and 5.) Over the last four quarters, manufacturing productivity increased 1.1 
percent, as output increased 2.3 percent and hours increased 1.2 percent. 
Unit labor costs in manufacturing decreased 2.3 percent in the second quarter 
of 2015 and increased 0.2 percent from the same quarter a year ago. (See 
tables A and 3.)

The concepts, sources, and methods used for the manufacturing output series 
differ from those used in the business and nonfarm business output series; 
these output measures are not directly comparable. See Technical Notes for a 
more detailed explanation.

Revised measures                

Productivity, unit labor costs, and related measures in the business and 
nonfarm business sectors were subject to revision going back to 2010, due to 
revisions in source data including output, compensation, and hours. Measures 
of output for the business and nonfarm business sectors and measures of 
compensation for all sectors incorporate the revised National Income and 
Product Accounts (NIPA) data released on July 30 by the Bureau of Economic 
Analysis, U.S. Department of Commerce. Hours were revised for the business 
and nonfarm business sectors to incorporate revised NIPA data on government 
enterprises employment and the proportion of sector compensation paid to 
employees of nonprofit institutions. Measures of manufacturing output and all 
related measures were revised back to 1987 to reflect revised output indexes 
constructed by BLS using data from the U.S. Department of Commerce.  In 
particular, the revisions incorporate data from the 2012 Economic Census as 
well as improvements to BLS methodology for estimating annual manufacturing 
output. Output data for the manufacturing sector also incorporate 
historically revised indexes of industrial production published by the Board 
of Governors of the Federal Reserve System on July 21.

Table B presents revised and previous productivity and related measures for 
the nonfarm business, business, and manufacturing sectors for the first 
quarter of 2015 and table C presents annual data for nonfarm business and 
total manufacturing from 2012 to 2014. Revised quarterly and annual series 
for all sectors in recent years appear in tables 1-6 and appendix tables 1-6. 
Historical annual indexes for the manufacturing sectors appear in appendix 
tables 7-9. Full historical annual and quarterly measures can be found on the 
Productivity and Costs home page: www.bls.gov/lpc/#data.

Nonfarm business sector productivity decreased 1.1 percent in the first 
quarter of 2015--rather than falling 3.1 percent as reported June 4--solely 
reflecting a 2.1-percentage point upward revision to output; hours increased 
at the same 1.6 percent rate reported previously. Unit labor costs increased 
2.3 percent in the first quarter of 2015--much less than a previously-
published increase of 6.7 percent--due to both the upward revision to 
productivity and a 2.2-percentage point downward revision to hourly 
compensation. Real hourly compensation increased 4.2 percent after 
revision, rather than the previous estimate of 6.5 percent.

There were historical revisions to quarterly series of labor productivity 
in the nonfarm business sector. Percent changes from previous quarter were 
revised beginning in 2011. Most notable were downward revisions in the 
third quarters of both 2012 and 2013, and the upward revision in the first 
quarter of 2015. The average growth rate from the first quarter of 2011 to 
the first quarter of 2015 was revised down by 0.1 percentage point, to a 
rate of 0.5 percent.
        
There were also revisions to percent changes from the same quarter a year 
ago, beginning in 2011. After revision, the four-quarter rate of 
productivity growth dipped below zero for the first three quarters of 2013. 
The last time this measure was negative for three consecutive quarters was 
the first three quarters of 1982; in 2013 hours were rising faster than 
output, while in 1982 output was falling faster than hours.  

Annual Average productivity growth in the nonfarm business sector was not 
revised for 2014. (See table C.) Productivity growth was revised down in 
both 2013 and 2012, to rates of 0.0 percent in 2013 and 0.9 percent in 2012. 
The revised annual rate of 0.0 percent in 2013 is the lowest annual change 
in productivity since a 1.0 percent decline in 1982. The average annual rate 
of productivity growth from 2007 to 2014--corresponding to the current 
business cycle--was revised down from 1.4 percent to 1.3 percent per year, 
well below the long-term rate from 1947 to 2014 of 2.2 percent per year.  

Manufacturing sector productivity declined 0.6 percent in the first quarter 
of 2015--a smaller decline than previously reported--as an upward revision to 
output was greater than an upward revision to hours. Unit labor costs 
decreased 1.1 percent rather than increasing 3.4 percent as reported June 4, 
due to both the upward revision to productivity and a 4.1-percentage point 
downward revision to hourly compensation.
        
Annual average manufacturing productivity grew 1.3 percent in 2014, less 
than the previous estimate of 2.2 percent. Unit labor costs increased 1.4 
percent in 2014, rather than 0.3 percent as previously reported. There were 
also historical revisions to manufacturing productivity for the complete 
series, going back to 1987. The revised long-term growth rate from 1987 to 
2014 is 3.4 percent, larger than a previous estimate of 3.2 percent. From 
1987 to 2000 the average annual rate of growth in manufacturing productivity 
was revised down from 3.7 percent to 3.5 percent. For the 2000-2007 period 
the average annual rate was revised up from 3.7 percent to 4.7 percent, and 
during the current business cycle from 2007 to 2014 the average annual rate 
was revised up from 1.7 percent to 2.2 percent.  This recent period saw the 
largest single-year revisions--a large downward revision in 2009 followed by 
large upward revisions in 2010 and 2011. 
       
Nonfinancial corporate sector productivity and related measures were subject 
to revision back to 2011, to incorporate source data revisions to series 
from the Bureau of Economic Analysis, including output, compensation, and 
data on the proportion of employees working in the corporate sector. First-
quarter 2015 productivity growth was revised down to a decline of 2.1 
percent, rather than the previously-published decline of 1.2 percent; this 
revision was due solely to a downward revision to output. Annual average 
productivity was revised down 0.1 percentage points in 2014 to a rate of 0.4 
percent, revised up 0.7 percentage points in 2013 to a rate of 1.0 percent, 
and revised down 0.3 percentage points in 2012 to a rate of 1.6 percent. 
(See tables D and 6.)
______________  







The revised Productivity and Costs news release for second-quarter 2015 is 
scheduled to be released on Wednesday, September 2, 2015 at 8:30 a.m. (EDT).






======================================================================================================
Table A. Preliminary second-quarter 2015 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
------------------------------------------------------------------------------------------------------
Labor productivity       1.3      0.3     1.7     0.1     2.5     1.1     3.4     1.2     1.2     1.0
Output                   2.8      2.8     2.8     2.9     1.5     2.3     1.7     2.4     1.3     2.3
Hours worked             1.5      2.6     1.1     2.8    -1.0     1.2    -1.6     1.1     0.1     1.3
Hourly compensation      1.8      2.4     2.1     2.1     0.2     1.3     0.0     1.1     0.5     1.8
Real hourly 
 compensation           -1.1      2.3    -0.8     2.1    -2.7     1.3    -2.9     1.0    -2.4     1.8
Unit labor costs         0.5      2.1     0.5     2.0    -2.3     0.2    -3.3    -0.1    -0.6     0.9
======================================================================================================
Table B. Revised and previous measures: first quarter 2015 

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 2015
Labor
 productivity   -1.1    -3.1     -1.3     -3.1     -0.6     -1.0     -2.2     -3.3      1.2      1.5
Output           0.5    -1.6      0.6     -1.3     -0.5     -1.1     -2.3     -3.7      1.6      2.1
Hours worked     1.6     1.6      1.9      1.9      0.1     -0.1     -0.1     -0.5      0.4      0.6
Hourly
 compensation    1.1     3.3      0.9      3.1     -1.7      2.4     -2.9      2.4      0.5      2.5
Real hourly 
 compensation    4.2     6.5      4.0      6.3      1.3      5.5      0.1      5.5      3.6      5.7
Unit labor
 costs           2.3     6.7      2.3      6.4     -1.1      3.4     -0.6      5.9     -0.6      1.0
===================================================================================================================
Table C. Revised and previous annual average measures, 2012-2014

Sector                       Nonfarm Business                  |                 Manufacturing
                                                               |
                  2014             2013              2012      |       2014            2013             2012  
             Revised Previous Revised Previous Revised Previous| Revised Previous Revised Previous Revised Previous
---------------------------------------------------------------|---------------------------------------------------
                              Percent change                   |                    Percent change
                                                               |
Labor                                                          |
 productivity   0.7     0.7     0.0      0.9     0.9      1.0  |   1.3      2.2     0.7      1.9     0.7      1.0
Output          3.0     3.0     1.7      2.6     3.1      3.2  |   2.9      3.8     1.5      2.7     3.0      3.3
Hours worked    2.3     2.3     1.7      1.7     2.2      2.2  |   1.6      1.6     0.8      0.8     2.3      2.3
Hourly                                                         |
 compensation   2.7     2.6     1.1      1.1     2.7      2.7  |   2.7      2.4     0.2      0.5     1.8      1.8
Real hourly                                                    |
 compensation   1.1     0.9    -0.4     -0.3     0.6      0.6  |   1.0      0.8    -1.2     -0.9    -0.3     -0.3
Unit labor                                                     |
 costs          2.0     1.8     1.1      0.2     1.7      1.7  |   1.4      0.3    -0.5     -1.4     1.0      0.8
====================================================================================================================
Table D. Nonfinancial corporations: revised and previous first-quarter 2015 measures, and revised 
 annual measures 2012-2014
                                                          Real 
               Labor                         Hourly       hourly       Unit                   Implicit
               produc-             Hours     compen-      compen-      labor      Unit        price
               tivity    Output    worked    sation       sation       costs      profits     deflator
------------------------------------------------------------------------------------------------------
                                    Percent change, annual rate, first quarter 2015
                                    
Q to Q Revised  -2.1      -0.4      1.8        0.4         3.5          2.6       -19.3         -0.8
Q to Q Previous -1.2       0.6      1.8        3.4         6.5          4.6       -27.8         -1.2

                                            Percent change, annual average
                                            
2014             0.4       3.2      2.8        2.4         0.8          2.0        -0.4          0.7
2013             1.0       3.0      2.0        1.3        -0.2          0.3         4.4          0.8
2012             1.6       4.0      2.4        2.9         0.7          1.2         6.4          1.4
======================================================================================================







                            TECHNICAL NOTES

                            
Labor Hours: Hours data for the labor productivity and cost measures include 
hours worked 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, counting a person who is employed by two 
or more establishments at each place of employment. 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) for 2001 forward and data from 
the BLS Hours at Work survey, conducted for this purpose, 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 to estimate hours worked for farm labor, 
nonfarm proprietors, and nonfarm unpaid family workers. Using CPS information 
on employment and hours worked at primary jobs and all other jobs, 
separately, the BLS productivity measures assign all hours worked to the 
correct industrial sector. Hours for government enterprises are derived from 
the CPS, the CES, and the National Income and Product Accounts (NIPA) 
prepared by the Bureau of Economic Analysis (BEA) of the Department of 
Commerce.

Output: Business sector output is 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 76 percent of the value of 
GDP in 2014. Nonfarm business, which excludes farming, accounted for about 75 
percent of GDP in 2014.
     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 indexes 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. 
     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 
49 percent of the value of GDP in 2014.
     
Labor Productivity: The measure describes the relationship between real 
output and the labor time involved in its production. Measures of labor 
productivity growth show the changes from period to period in the amount of 
goods and services produced per hour worked. 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: These measures describe the relationship between 
compensation per hour and labor 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 2009=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. A complete historical series of 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).

For a more detailed explanation of methodology see "Technical Information 
About the Major Sector Productivity and Costs Methods" at 
www.bls.gov/lpc/lpcmethods.pdf.
      
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)

2015 II        1.7         2.8        1.1        2.1       -0.8        0.5        4.5        2.2  
     I        -1.3 r       0.6 r      1.9        0.9 r      4.0 r      2.3 r     -3.3 r     -0.1 r

2014 ANNUAL    0.6 r       3.0 r      2.4        2.6 r      1.0 r      2.0 r      0.6 r      1.4 r

2014 IV       -2.4 r       2.6 r      5.2        3.0 r      3.9        5.6 r     -8.2 r     -0.6 r
     III       2.5 r       5.5 r      2.9        2.5 r      1.3 r      0.0 r      2.9 r      1.2 r
     II        2.9         5.7        2.7       -0.9 r     -3.2 r     -3.7 r     10.6 r      2.3 r
     I        -3.6 r      -1.7 r      2.0        5.9 r      3.7 r      9.9 r     -8.5 r      1.5 r

2013 ANNUAL    0.4 r       2.0 r      1.6 r      1.2 r     -0.2 r      0.8 r      2.4 r      1.5 r

2013 IV        3.4 r       5.1 r      1.7        2.1 r      0.7 r     -1.2 r      4.4 r      1.2 r
     III       1.3 r       3.9 r      2.5 r      0.5 r     -1.8 r     -0.9 r      5.3 r      1.7 r
     II        0.6 r       1.6 r      1.0        6.3 r      6.5 r      5.7 r     -5.6 r      0.6 r
     I         1.2 r       2.5 r      1.3       -8.6 r     -9.9 r     -9.7 r     18.8 r      1.6 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2015 II        0.1         2.9        2.8        2.1        2.1        2.0       -1.1        0.7  
     I         0.4 r       3.6 r      3.2        1.4 r      1.5 r      1.0 r      0.3 r      0.7 r

2014 ANNUAL    0.6 r       3.0 r      2.4        2.6 r      1.0 r      2.0 r      0.6 r      1.4 r

2014 IV       -0.2 r       3.0 r      3.2        2.6        1.4        2.8 r     -1.1 r      1.1  
     III       1.3 r       3.6 r      2.3        2.4 r      0.6 r      1.1 r      2.1 r      1.5 r
     II        1.0 r       3.2        2.2        1.9 r     -0.2 r      0.9 r      2.7 r      1.7 r
     I         0.4 r       2.2 r      1.8        3.7 r      2.2 r      3.3 r     -1.3 r      1.3 r

2013 ANNUAL    0.4 r       2.0 r      1.6 r      1.2 r     -0.2 r      0.8 r      2.4 r      1.5 r

2013 IV        1.6 r       3.3 r      1.6       -0.1       -1.3       -1.7 r      5.4 r      1.3 r
     III       0.3 r       2.0 r      1.7        2.0 r      0.5        1.7 r      0.9 r      1.3  
     II       -0.3 r       1.2 r      1.5        2.0 r      0.6 r      2.3 r      0.4 r      1.5 r
     I         0.1 r       1.4 r      1.3        1.1 r     -0.6 r      1.0 r      3.1 r      1.9 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2015 II      105.3       116.6      110.7      112.9      102.2      107.2      111.8      109.1  
     I       104.9 r     115.8 r    110.4 r    112.3 r    102.4 r    107.1 r    110.5 r    108.5 r

2014 ANNUAL  105.2 r     113.9 r    108.3 r    111.1 r    100.7 r    105.6 r    112.2 r    108.4 r

2014 IV      105.2 r     115.6 r    109.9 r    112.0 r    101.4 r    106.5 r    111.4 r    108.5 r
     III     105.9 r     114.8 r    108.5 r    111.2 r    100.4 r    105.0 r    113.9 r    108.7 r
     II      105.2 r     113.3 r    107.7 r    110.5 r    100.1 r    105.0 r    113.1 r    108.4 r
     I       104.5 r     111.8 r    107.0 r    110.7 r    100.9 r    106.0 r    110.2 r    107.8 r

2013 ANNUAL  104.6 r     110.6 r    105.7 r    108.3 r     99.7 r    103.6 r    111.5 r    106.9 r

2013 IV      105.4 r     112.2 r    106.5 r    109.2 r    100.0 r    103.6 r    112.7 r    107.4 r
     III     104.6 r     110.9 r    106.0 r    108.6 r     99.9 r    103.9 r    111.5 r    107.1 r
     II      104.2 r     109.8 r    105.4 r    108.5 r    100.3 r    104.1 r    110.1 r    106.6 r
     I       104.1 r     109.4 r    105.1 r    106.8 r     98.7 r    102.7 r    111.7 r    106.4 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 11, 2015
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)

2015 II        1.3         2.8        1.5        1.8       -1.1        0.5        4.7        2.2  
     I        -1.1 r       0.5 r      1.6        1.1 r      4.2 r      2.3 r     -1.8 r      0.5 r

2014 ANNUAL    0.7         3.0        2.3        2.7 r      1.1 r      2.0 r      0.9 r      1.5 r

2014 IV       -2.2 r       2.6        4.9        3.4        4.2        5.7 r     -8.1 r     -0.5 r
     III       3.1 r       5.5 r      2.3 r      3.2 r      2.0 r      0.1 r      4.1 r      1.8 r
     II        2.8 r       5.4 r      2.5       -0.8 r     -3.1 r     -3.5 r      9.5 r      1.9 r
     I        -3.5 r      -1.2 r      2.3 r      5.5 r      3.4 r      9.3 r     -8.4 r      1.3 r

2013 ANNUAL    0.0 r       1.7 r      1.7        1.1       -0.4 r      1.1 r      2.1 r      1.5 r

2013 IV        3.5 r       5.2 r      1.7        2.3 r      0.9 r     -1.2 r      5.7 r      1.7 r
     III       1.4 r       3.5 r      2.1        0.9 r     -1.4 r     -0.5 r      5.8 r      2.2 r
     II        0.1 r       1.1 r      1.1        6.3 r      6.5 r      6.2 r     -5.0 r      1.2 r
     I        -0.1 r       1.7 r      1.8       -9.2 r    -10.5 r     -9.1 r     16.8 r      1.2 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2015 II        0.3         2.8        2.6        2.4        2.3        2.1       -0.4        1.0  
     I         0.6 r       3.5 r      2.8        1.7 r      1.8 r      1.1 r      0.7 r      0.9 r

2014 ANNUAL    0.7         3.0        2.3        2.7 r      1.1 r      2.0 r      0.9 r      1.5 r

2014 IV        0.0 r       3.0 r      3.0        2.8 r      1.6        2.8 r     -1.0 r      1.1  
     III       1.4 r       3.7 r      2.2        2.5 r      0.7        1.1 r      2.5 r      1.7 r
     II        1.0 r       3.2 r      2.2        1.9 r     -0.1 r      0.9 r      2.9 r      1.8 r
     I         0.3 r       2.1 r      1.8        3.7 r      2.3 r      3.4 r     -0.7 r      1.6 r

2013 ANNUAL    0.0 r       1.7 r      1.7        1.1       -0.4 r      1.1 r      2.1 r      1.5 r

2013 IV        1.2 r       2.9 r      1.7 r     -0.1       -1.3 r     -1.3 r      5.5 r      1.6 r
     III      -0.2 r       1.6 r      1.9 r      1.9        0.3 r      2.1 r      0.5 r      1.4 r
     II       -0.8 r       1.0 r      1.8        1.7 r      0.3        2.5 r     -0.1 r      1.4 r
     I        -0.2 r       1.4 r      1.6        0.8 r     -0.9 r      1.0 r      2.5 r      1.6 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2015 II      105.4       116.6      110.6      113.0      102.3      107.3      111.3      108.9  
     I       105.0 r     115.8 r    110.2 r    112.5 r    102.6 r    107.1 r    110.0 r    108.3 r

2014 ANNUAL  105.2 r     114.0 r    108.4 r    111.1 r    100.7 r    105.7 r    111.1 r    107.9 r

2014 IV      105.3 r     115.6 r    109.8 r    112.2 r    101.6 r    106.5 r    110.5 r    108.2 r
     III     105.9 r     114.9 r    108.5 r    111.3 r    100.5 r    105.1 r    112.9 r    108.3 r
     II      105.1 r     113.4 r    107.9 r    110.4 r    100.0 r    105.0 r    111.8 r    107.8 r
     I       104.4 r     111.9 r    107.2 r    110.6 r    100.8 r    106.0 r    109.3 r    107.4 r

2013 ANNUAL  104.4 r     110.6 r    105.9 r    108.2 r     99.6 r    103.6 r    110.1 r    106.3 r

2013 IV      105.3 r     112.2 r    106.6 r    109.1 r    100.0 r    103.7 r    111.7 r    107.0 r
     III     104.4 r     110.8 r    106.2 r    108.5 r     99.8 r    104.0 r    110.2 r    106.5 r
     II      104.0 r     109.9 r    105.6 r    108.3 r    100.1 r    104.1 r    108.6 r    106.0 r
     I       104.0 r     109.6 r    105.3 r    106.6 r     98.6 r    102.5 r    110.0 r    105.7 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 11, 2015
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)

2015 II            2.5            1.5           -1.0            0.2           -2.7           -2.3  
     I            -0.6 r         -0.5 r          0.1 r         -1.7 r          1.3 r         -1.1 r

2014 ANNUAL        1.3 r          2.9 r          1.6            2.7 r          1.0 r          1.4 r

2014 IV           -0.4 r          4.0 r          4.4            4.3 r          5.1            4.7 r
     III           2.9 r          4.4 r          1.4            2.7 r          1.5 r         -0.2 r
     II            2.8 r          6.3 r          3.4           -1.8 r         -4.2           -4.4 r
     I             2.0 r          1.0 r         -1.0            8.7 r          6.5 r          6.5 r

2013 ANNUAL        0.7 r          1.5 r          0.8            0.2 r         -1.2 r         -0.5 r

2013 IV           -0.5 r          3.4 r          3.9           -0.3 r         -1.6 r          0.2 r
     III          -0.9 r          0.6 r          1.5            1.0 r         -1.3 r          1.9 r
     II            2.5 r          0.1 r         -2.3            4.1 r          4.3 r          1.6 r
     I             1.1 r          3.5 r          2.3           -5.4 r         -6.7 r         -6.4 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2015 II            1.1            2.3            1.2            1.3            1.3            0.2  
     I             1.2 r          3.5 r          2.3            0.8 r          0.9 r         -0.3 r

2014 ANNUAL        1.3 r          2.9 r          1.6            2.7 r          1.0 r          1.4 r

2014 IV            1.8 r          3.9 r          2.0            3.4 r          2.2 r          1.5 r
     III           1.8 r          3.7 r          1.9            2.2 r          0.5 r          0.4 r
     II            0.8 r          2.8 r          2.0            1.8 r         -0.2 r          1.0 r
     I             0.8 r          1.3 r          0.5            3.3 r          1.9 r          2.5 r

2013 ANNUAL        0.7 r          1.5 r          0.8            0.2 r         -1.2 r         -0.5 r

2013 IV            0.5 r          1.9 r          1.3           -0.2 r         -1.4 r         -0.7 r
     III           1.1 r          1.5 r          0.4            0.9 r         -0.6 r         -0.2 r
     II            1.0 r          1.2 r          0.2            0.4 r         -0.9 r         -0.6 r
     I             0.1 r          1.2 r          1.2           -0.3 r         -2.0 r         -0.4 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2015 II          121.2          130.7          107.9          108.5           98.2           89.6  
     I           120.4 r        130.2 r        108.2 r        108.5 r         98.9 r         90.1 r

2014 ANNUAL      120.0 r        128.3 r        106.9          107.9 r         97.8 r         89.9 r

2014 IV          120.6 r        130.4 r        108.2          109.0 r         98.6 r         90.4 r
     III         120.7 r        129.1 r        107.0          107.8 r         97.4 r         89.3 r
     II          119.8 r        127.8 r        106.6          107.1 r         97.0 r         89.4 r
     I           119.0 r        125.8 r        105.7          107.6 r         98.1 r         90.4 r

2013 ANNUAL      118.5 r        124.6 r        105.2          105.0 r         96.8 r         88.7 r

2013 IV          118.4 r        125.5 r        106.0          105.4 r         96.5 r         89.0 r
     III         118.6 r        124.5 r        105.0          105.4 r         96.9 r         88.9 r
     II          118.8 r        124.3 r        104.6          105.2 r         97.3 r         88.5 r
     I           118.1 r        124.2 r        105.2          104.1 r         96.2 r         88.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 11, 2015
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)

2015 II            3.4            1.7           -1.6            0.0           -2.9           -3.3  
     I            -2.2 r         -2.3 r         -0.1 r         -2.9 r          0.1 r         -0.6 r

2014 ANNUAL        1.9 r          4.2 r          2.3            2.1            0.5            0.2 r

2014 IV            0.5 r          3.9 r          3.3            5.0            5.9            4.5 r
     III           3.2 r          6.4 r          3.1            2.3 r          1.1 r         -0.9 r
     II            3.0 r          8.7 r          5.5           -2.6 r         -5.0 r         -5.5 r
     I             2.6 r          1.5 r         -1.1            8.6 r          6.4 r          5.8 r

2013 ANNUAL        0.7 r          1.8 r          1.1           -0.4 r         -1.8 r         -1.1 r

2013 IV            0.7 r          5.5 r          4.8           -2.5 r         -3.8 r         -3.1 r
     III          -0.3 r          1.4 r          1.7            1.7 r         -0.6 r          2.0 r
     II            2.4 r         -0.3 r         -2.6            3.5 r          3.7 r          1.0 r
     I            -0.5 r          3.4 r          3.9           -6.7 r         -8.0 r         -6.2 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2015 II            1.2            2.4            1.1            1.1            1.0           -0.1  
     I             1.1 r          4.1            2.9 r          0.4 r          0.5 r         -0.7 r

2014 ANNUAL        1.9 r          4.2 r          2.3            2.1            0.5            0.2 r

2014 IV            2.3 r          5.1 r          2.7            3.2            2.0            0.9 r
     III           2.4 r          5.5 r          3.0            1.3 r         -0.4           -1.0 r
     II            1.5 r          4.2 r          2.7            1.2           -0.9 r         -0.3 r
     I             1.3 r          2.0 r          0.7            2.7            1.3            1.4 r

2013 ANNUAL        0.7 r          1.8 r          1.1           -0.4 r         -1.8 r         -1.1 r

2013 IV            0.6 r          2.5 r          1.9           -1.1 r         -2.3 r         -1.6 r
     III           1.0 r          1.7 r          0.7            0.9 r         -0.6 r         -0.1 r
     II            0.8 r          1.1 r          0.3           -0.1 r         -1.5 r         -0.9 r
     I             0.6 r          2.1 r          1.5           -1.1 r         -2.8 r         -1.8 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2015 II          125.0          139.1          111.2          106.8           96.7           85.4  
     I           124.0 r        138.5 r        111.7 r        106.8 r         97.4 r         86.2 r

2014 ANNUAL      123.9 r        136.5 r        110.2          106.5 r         96.5 r         86.0 r

2014 IV          124.7 r        139.3 r        111.7          107.6 r         97.4 r         86.3 r
     III         124.5 r        138.0 r        110.8          106.3 r         96.0 r         85.4 r
     II          123.6 r        135.9 r        110.0          105.7 r         95.8 r         85.6 r
     I           122.6 r        133.1 r        108.5          106.4 r         97.0 r         86.8 r

2013 ANNUAL      121.6 r        131.0 r        107.8          104.3 r         96.1 r         85.8 r

2013 IV          121.9 r        132.6 r        108.8          104.2 r         95.5 r         85.5 r
     III         121.7 r        130.8 r        107.5          104.9 r         96.4 r         86.2 r
     II          121.8 r        130.4 r        107.1          104.5 r         96.6 r         85.8 r
     I           121.0 r        130.4 r        107.8          103.6 r         95.7 r         85.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 11, 2015
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)

2015 II            1.2            1.3            0.1            0.5           -2.4           -0.6  
     I             1.2 r          1.6 r          0.4 r          0.5 r          3.6 r         -0.6 r

2014 ANNUAL        1.0 r          1.5 r          0.5            3.7 r          2.0 r          2.6 r

2014 IV           -2.1 r          4.1 r          6.3            3.1 r          3.9 r          5.3 r
     III           3.6 r          2.1 r         -1.4            3.2 r          2.1 r         -0.4 r
     II            3.7 r          3.7 r          0.0           -0.6           -3.0           -4.2 r
     I             1.4 r          0.4 r         -0.9            8.8 r          6.6 r          7.3 r

2013 ANNUAL        0.9 r          1.1 r          0.2            1.2 r         -0.2 r          0.3 r

2013 IV           -1.4 r          1.0 r          2.4            4.0 r          2.5 r          5.4 r
     III          -1.6 r         -0.4            1.2           -0.3 r         -2.6 r          1.3 r
     II            2.1 r          0.3 r         -1.8            5.3 r          5.5 r          3.1 r
     I             3.6 r          3.3 r         -0.3           -3.2 r         -4.6 r         -6.6 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2015 II            1.0            2.3            1.3            1.8            1.8            0.9  
     I             1.6 r          2.9 r          1.3            1.6 r          1.6 r          0.0 r

2014 ANNUAL        1.0 r          1.5 r          0.5            3.7 r          2.0 r          2.6 r

2014 IV            1.6 r          2.6 r          0.9            3.6 r          2.4 r          1.9 r
     III           1.8 r          1.8 r          0.0            3.8 r          2.0 r          1.9 r
     II            0.5 r          1.2 r          0.7            2.9 r          0.8 r          2.4 r
     I             0.1 r          0.4 r          0.2            4.4 r          2.9 r          4.3 r

2013 ANNUAL        0.9 r          1.1 r          0.2            1.2 r         -0.2 r          0.3 r

2013 IV            0.7 r          1.1 r          0.4            1.4 r          0.1 r          0.7  
     III           1.3 r          1.2 r         -0.1            0.9 r         -0.6 r         -0.4 r
     II            1.5            1.5            0.0            1.5 r          0.1 r          0.0 r
     I             0.2 r          0.8 r          0.6            1.2 r         -0.5 r          1.1 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2015 II          113.3          116.2          102.6          111.1          100.6           98.1  
     I           112.9 r        115.9 r        102.6 r        110.9 r        101.2 r         98.2 r

2014 ANNUAL      112.3 r        114.0 r        101.5          109.8 r         99.5 r         97.7 r

2014 IV          112.6 r        115.4 r        102.5          110.8 r        100.3 r         98.4 r
     III         113.2 r        114.3 r        100.9          109.9 r         99.3 r         97.1 r
     II          112.2 r        113.6 r        101.3          109.1 r         98.8 r         97.2 r
     I           111.2 r        112.6 r        101.3          109.2 r         99.6 r         98.3 r

2013 ANNUAL      111.2 r        112.3 r        101.0          105.9 r         97.5 r         95.3 r

2013 IV          110.8 r        112.5 r        101.5          107.0 r         98.0 r         96.5 r
     III         111.2 r        112.2 r        100.9          105.9 r         97.4 r         95.3 r
     II          111.6 r        112.3 r        100.6          106.0 r         98.0 r         95.0 r
     I           111.0 r        112.2 r        101.1          104.7 r         96.7 r         94.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 11, 2015
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)

2015 I        -2.1 r    -0.4 r    1.8       0.4 r     3.5 r     2.6 r    3.3 r    2.8 r  -19.3 r   -0.8 r

2014 ANNUAL    0.4 r     3.2 r    2.8       2.4 r     0.8 r     2.0 r   -1.4 r    0.9 r   -0.4 r    0.7 r

2014 IV        3.4       7.4 r    3.9       1.5 r     2.3 r    -1.8 r   -6.4 r   -3.3 r   -6.5 r   -3.8 r
     III       2.4 r     5.2 r    2.7       1.6 r     0.4 r    -0.8 r   -1.1 r   -0.9 r   17.2 r    1.6 r
     II        1.7 r     6.2 r    4.4      -1.7 r    -4.1 r    -3.3 r   -3.4 r   -3.4 r   27.4 r    0.5 r
     I        -1.7 r     0.2 r    2.0       8.4 r     6.2 r    10.3 r   -0.8 r    6.5 r  -22.0 r    1.9 r

2013 ANNUAL    1.0 r     3.0 r    2.0       1.3      -0.2 r     0.3 r   -0.2 r    0.1 r    4.4 r    0.8 r

2013 IV       -0.2       2.3 r    2.4       0.9 r    -0.5 r     1.1 r    0.8 r    1.0 r    0.9 r    1.0 r
     III      -2.0 r     0.5 r    2.6      -0.3 r    -2.6 r     1.7 r    1.2 r    1.6 r   -7.5 r    0.2 r
     II        4.8 r     6.0 r    1.1       4.4 r     4.6 r    -0.5 r   -4.0 r   -1.6 r    6.9 r   -0.4 r
     I        -0.5 r     2.8 r    3.3      -4.2 r    -5.6 r    -3.7 r    1.8 r   -1.9 r   14.6 r    0.3 r
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2015 I         1.3 r     4.6 r    3.2       0.4 r     0.5 r    -0.9 r   -1.9 r   -1.2 r    3.0 r   -0.6 r

2014 ANNUAL    0.4 r     3.2 r    2.8       2.4 r     0.8 r     2.0 r   -1.4 r    0.9 r   -0.4 r    0.7 r

2014 IV        1.4 r     4.7 r    3.3       2.4 r     1.1 r     0.9 r   -2.9 r   -0.3 r    2.1 r    0.0 r
     III       0.5 r     3.4 r    2.9       2.2 r     0.4 r     1.7 r   -1.1 r    0.8 r    4.1 r    1.3 r
     II       -0.6 r     2.3 r    2.9       1.7 r    -0.3 r     2.3 r   -0.6 r    1.4 r   -1.9 r    0.9 r
     I         0.2 r     2.2 r    2.0       3.3 r     1.9 r     3.1 r   -0.7 r    1.8 r   -6.1 r    0.7 r

2013 ANNUAL    1.0 r     3.0 r    2.0       1.3      -0.2 r     0.3 r   -0.2 r    0.1 r    4.4 r    0.8 r

2013 IV        0.5 r     2.9 r    2.4       0.1      -1.1      -0.4 r   -0.1 r   -0.3 r    3.4 r    0.3 r
     III       2.0 r     4.2 r    2.2       1.8       0.3      -0.2 r   -1.2 r   -0.5 r    4.3 r    0.2 r
     II        1.2 r     3.1 r    1.9       1.9 r     0.5 r     0.7 r   -0.4 r    0.3 r    4.8 r    1.0  
     I         0.1       1.9 r    1.8 r     1.3 r    -0.4 r     1.1 r    0.9 r    1.0      5.2 r    1.6 r
---------------------------------------------------------------------------------------------------------
                                            Indexes 2009=100

2015 I       108.8 r   122.4 r  112.4 r   111.1 r   101.3 r   102.1 r   95.9 r  100.0 r  143.2 r  104.6 r

2014 ANNUAL  108.3 r   119.6 r  110.5 r   110.6 r   100.2 r   102.1 r   96.6 r  100.3 r  148.0 r  105.3 r

2014 IV      109.4 r   122.5 r  111.9 r   111.0 r   100.5 r   101.5 r   95.1 r   99.4 r  151.1 r  104.8 r
     III     108.5 r   120.3 r  110.9 r   110.6 r    99.9 r   101.9 r   96.7 r  100.2 r  153.7 r  105.8 r
     II      107.9 r   118.8 r  110.1 r   110.2 r    99.8 r   102.1 r   97.0 r  100.4 r  147.7 r  105.4 r
     I       107.4 r   117.0 r  108.9 r   110.7 r   100.9 r   103.0 r   97.8 r  101.3 r  139.0 r  105.2 r

2013 ANNUAL  107.9 r   116.0 r  107.5 r   108.0 r    99.5 r   100.1 r   98.0 r   99.4 r  148.5 r  104.6 r

2013 IV      107.9 r   117.0 r  108.4 r   108.5 r    99.4 r   100.5 r   98.0 r   99.7 r  148.0 r  104.7 r
     III     107.9 r   116.3 r  107.7 r   108.2 r    99.5 r   100.2 r   97.8 r   99.4 r  147.6 r  104.5 r
     II      108.5 r   116.1 r  107.1 r   108.3 r   100.1 r    99.8 r   97.5 r   99.1 r  150.5 r  104.4 r
     I       107.2 r   114.5 r  106.8 r   107.1 r    99.0 r    99.9 r   98.5 r   99.5 r  148.0 r  104.5 r
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                          August 11, 2015
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. Hours and 
compensation data are from the Bureau of Labor Statistics and the Bureau of 
Economic Analysis.

RELIABILITY: Productivity and cost measures are regularly revised as more 
complete information becomes available.  The measures are first published 
within 40 days of the close of the reference period; revisions appear 30 days 
later, and second revisions after an additional 60 days.  In the business 
sector, the third publication (second revision) of a quarterly index of 
output per hour of all persons has differed from the initial value by between 
–1.6 and 1.4 index points approximately 95 percent of the time.  This 
interval is based on the performance of this measure between the fourth 
quarter of 1995 and the first quarter of 2015.
                    
                             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 1978-2014 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 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: Revised 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)

 2012 ANNUAL    0.7 r       2.9 r      2.2        2.8        0.7        2.0 r      1.7        1.9 r

 2012 IV       -1.9 r       0.2 r      2.1       11.0 r      8.2 r     13.1 r    -12.3 r      1.4 r
      III      -1.1 r       0.6 r      1.7        0.4 r     -1.3 r      1.5 r      3.4 r      2.4 r
      II        2.4 r       2.6 r      0.2        2.6 r      1.6 r      0.2 r      4.7 r      2.1 r
      I         0.1 r       3.4 r      3.3 r      9.7 r      7.2 r      9.6 r     -7.5 r      1.7  

 2011 ANNUAL    0.1         2.1        2.0        2.2       -1.0        2.1        2.3        2.2  

 2011 IV        3.2         6.1        2.8       -4.8       -6.4       -7.7       13.0        0.8  
      III      -1.0         1.1        2.2        2.1       -0.5        3.2        2.1        2.7  
      II        1.3         3.8        2.5       -1.7       -6.1       -2.9       11.6        3.1  
      I        -3.3        -2.2        1.2        6.9 r      2.5       10.6       -9.1        1.7  

 2010 ANNUAL    3.3         3.2       -0.1        1.9        0.2       -1.4        4.7        1.1  

 2010 IV        1.2         3.4        2.1        1.6       -1.7        0.3        5.4        2.5  
      III       2.3         4.1        1.8        2.1        0.9       -0.2        4.4        1.7  
      II        1.6         5.0        3.4        4.5        4.6        2.9       -0.4        1.5  
      I         1.6         2.0        0.4       -3.0       -3.6       -4.5       10.6        1.7  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2012 ANNUAL    0.7 r       2.9 r      2.2        2.8        0.7        2.0 r      1.7        1.9 r

 2012 IV       -0.2 r       1.7 r      1.8 r      5.8 r      3.8 r      6.0 r     -3.2 r      1.9 r
      III       1.1 r       3.1 r      2.0        1.8        0.2 r      0.7 r      3.1 r      1.8 r
      II        1.1 r       3.3 r      2.1        2.3        0.4        1.1 r      2.8 r      1.8  
      I         0.9 r       3.6 r      2.7        1.2 r     -1.6 r      0.3 r      4.5 r      2.1  

 2011 ANNUAL    0.1         2.1        2.0        2.2       -1.0        2.1        2.3        2.2  

 2011 IV        0.0         2.2        2.2        0.6       -2.7        0.6        4.0        2.1  
      III      -0.5         1.5        2.0        2.2       -1.5        2.7        2.2        2.5  
      II        0.3         2.2        1.9        2.2       -1.1        1.8        2.8        2.2  
      I         0.4         2.5        2.1        3.7 r      1.6        3.3       -0.1        1.8  

 2010 ANNUAL    3.3         3.2       -0.1        1.9        0.2       -1.4        4.7        1.1  

 2010 IV        1.7         3.6        1.9        1.2        0.0       -0.4        4.9        1.9  
      III       2.6         4.0        1.4        1.4        0.2       -1.1        5.2        1.5  
      II        3.7         3.3       -0.3        1.7       -0.1       -1.9        5.1        1.0  
      I         5.2         1.8       -3.3        3.0        0.7       -2.1        3.5        0.2  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2012 ANNUAL  104.1 r     108.4 r    104.1 r    107.0 r    100.0 r    102.7 r    108.9 r    105.3 r

 2012 IV      103.8 r     108.7 r    104.8 r    109.3 r    101.4 r    105.3 r    107.0 r    106.0 r
      III     104.3 r     108.6 r    104.2 r    106.5 r     99.4 r    102.1 r    110.5 r    105.7 r
      II      104.5 r     108.5 r    103.8 r    106.4 r     99.7 r    101.7 r    109.6 r    105.0 r
      I       103.9 r     107.8 r    103.7 r    105.7 r     99.3 r    101.7 r    108.4 r    104.5 r

 2011 ANNUAL  103.4       105.3      101.9      104.1       99.3      100.7      107.0      103.3  

 2011 IV      103.9 r     106.9      102.9 r    103.3 r     97.6 r     99.4 r    110.5 r    104.0  
      III     103.1       105.3      102.2 r    104.6 r     99.2      101.4      107.2      103.8  
      II      103.4 r     105.1      101.6 r    104.0 r     99.3 r    100.6 r    106.6      103.1  
      I       103.0 r     104.1      101.0 r    104.4 r    100.9 r    101.4 r    103.7 r    102.3  

 2010 ANNUAL  103.3       103.2       99.9      101.9      100.2       98.6      104.7      101.1  

 2010 IV      103.9 r     104.7      100.7 r    102.7 r    100.3 r     98.8      106.2 r    101.9  
      III     103.6       103.8      100.2      102.3 r    100.7 r     98.7      104.8      101.3  
      II      103.0 r     102.8       99.7 r    101.8 r    100.5 r     98.8      103.7      100.9  
      I       102.6       101.5       98.9      100.7       99.4       98.1      103.8      100.5  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 11, 2015
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 2.
 Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs, and prices,
 seasonally adjusted
                                                           Real
              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)

 2012 ANNUAL    0.9 r       3.1 r      2.2        2.7        0.6        1.7        2.1 r      1.9 r

 2012 IV       -2.2 r       0.2 r      2.4       10.7 r      7.9 r     13.1 r    -13.1 r      1.1 r
      III      -0.8 r       1.0 r      1.8 r      0.3 r     -1.5 r      1.1 r      3.4 r      2.1 r
      II        2.5 r       2.7 r      0.2 r      2.4 r      1.4 r     -0.1 r      5.3 r      2.2 r
      I         0.6 r       3.9 r      3.2 r      9.6 r      7.2 r      8.9 r     -6.9 r      1.7 r

 2011 ANNUAL    0.2         2.2        2.0        2.2       -0.9        2.1        1.4        1.8  

 2011 IV        3.0         5.8        2.7 r     -4.9 r     -6.6       -7.7       14.3        1.3  
      III      -0.8 r       1.1        2.0        2.4       -0.2        3.3        1.5        2.5  
      II        1.5         4.5        2.9       -2.0       -6.4       -3.5       11.9        2.8  
      I        -3.3        -2.5        0.9        7.3        2.9       11.0      -11.2        0.9  

 2010 ANNUAL    3.3         3.2       -0.1        2.0        0.3       -1.3        4.2        1.0  

 2010 IV        1.6         3.8        2.1        1.8       -1.5        0.2        4.3        1.9  
      III       2.1         4.1        2.0        1.9        0.7       -0.2        3.8        1.5  
      II        1.5         4.7        3.2        4.8        4.9        3.2       -0.5        1.6  
      I         2.1         2.2        0.1       -2.7       -3.3       -4.8       10.8        1.6  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2012 ANNUAL    0.9 r       3.1 r      2.2        2.7        0.6        1.7        2.1 r      1.9 r

 2012 IV        0.0 r       2.0 r      1.9 r      5.6 r      3.7 r      5.6 r     -3.1 r      1.8 r
      III       1.3 r       3.4 r      2.0        1.7 r      0.0        0.4 r      3.7 r      1.8 r
      II        1.3 r       3.4 r      2.0 r      2.2 r      0.3 r      0.9 r      3.3 r      1.9  
      I         1.1 r       3.8 r      2.7        1.1 r     -1.7 r      0.0 r      4.8 r      2.1 r

 2011 ANNUAL    0.2         2.2        2.0        2.2       -0.9        2.1        1.4        1.8  

 2011 IV        0.1 r       2.2        2.1        0.6       -2.7        0.5        3.6        1.9  
      III      -0.3         1.7        2.0        2.3       -1.4        2.6        1.3        2.0  
      II        0.4         2.4        2.0        2.2       -1.1        1.7        1.8        1.8  
      I         0.4         2.5        2.1 r      3.9        1.7        3.4       -1.1        1.5  

 2010 ANNUAL    3.3         3.2       -0.1        2.0        0.3       -1.3        4.2        1.0  

 2010 IV        1.8         3.7        1.9        1.4        0.1       -0.4        4.5        1.6  
      III       2.6         4.1        1.4        1.5        0.3       -1.1        4.6        1.3  
      II        3.6         3.2       -0.3        1.8        0.0       -1.8        4.7        0.9  
      I         5.2         1.8       -3.3        3.1        0.7       -2.0        3.0        0.1  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2012 ANNUAL  104.4 r     108.8 r    104.1 r    107.0 r    100.0 r    102.5 r    107.9 r    104.7 r

 2012 IV      104.1 r     109.1 r    104.9 r    109.3 r    101.3 r    105.0 r    105.9 r    105.3 r
      III     104.6 r     109.1 r    104.2 r    106.5 r     99.4 r    101.8 r    109.7 r    105.1 r
      II      104.9 r     108.8 r    103.7 r    106.5 r     99.8 r    101.5 r    108.7 r    104.5 r
      I       104.2 r     108.1 r    103.7 r    105.8 r     99.4 r    101.5 r    107.3 r    104.0 r

 2011 ANNUAL  103.5       105.5      101.9      104.2       99.4      100.7      105.7      102.8  

 2011 IV      104.0 r     107.0      102.9 r    103.4 r     97.7 r     99.4 r    109.3 r    103.5  
      III     103.3 r     105.5      102.2 r    104.7 r     99.4 r    101.4      105.7      103.2  
      II      103.5 r     105.2      101.7 r    104.1 r     99.5 r    100.6 r    105.3      102.6  
      I       103.1 r     104.1      101.0 r    104.7 r    101.1 r    101.5 r    102.4 r    101.9  

 2010 ANNUAL  103.3       103.2       99.9      102.0      100.3       98.7      104.2      101.0  

 2010 IV      104.0 r     104.7      100.7 r    102.8 r    100.4 r     98.9      105.5 r    101.6  
      III     103.6 r     103.8      100.2 r    102.4      100.8 r     98.8      104.4      101.2  
      II      103.0 r     102.7       99.7 r    101.9 r    100.6 r     98.9      103.4      100.8  
      I       102.7       101.5       98.9      100.7       99.4       98.1      103.6      100.4  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 11, 2015
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 3.
 Manufacturing sector: Revised 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)

 2012 ANNUAL        0.7 r          3.0 r          2.3            1.8           -0.3            1.0 r

 2012 IV            1.8 r          1.8 r          0.1            4.3 r          1.7 r          2.5 r
      III          -1.2 r         -0.7 r          0.6           -0.9 r         -2.7 r          0.3 r
      II           -1.4 r          0.4 r          1.8            1.0 r          0.0 r          2.4 r
      I             1.6 r          4.7 r          3.0            9.6 r          7.2 r          7.9 r

 2011 ANNUAL        5.6 r          7.8 r          2.1            1.7           -1.4           -3.6 r

 2011 IV           -0.5 r          4.2 r          4.8           -4.7           -6.3           -4.2 r
      III           6.1 r          6.5 r          0.4            1.3           -1.2           -4.5 r
      II            0.4 r          3.1 r          2.6           -2.3           -6.7           -2.7 r
      I             6.6 r          8.6 r          1.9            3.7           -0.6           -2.7 r

 2010 ANNUAL       10.6 r         10.6 r          0.0            1.2           -0.4           -8.5 r

 2010 IV            7.4 r          7.3 r         -0.1            4.7            1.4           -2.5 r
      III           6.9 r         12.0 r          4.8            0.7           -0.5           -5.8 r
      II           15.8 r         19.5 r          3.2            7.2            7.4           -7.4 r
      I            13.5 r         15.9 r          2.2           -8.8           -9.4          -19.6 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2012 ANNUAL        0.7 r          3.0 r          2.3            1.8           -0.3            1.0 r

 2012 IV            0.2 r          1.5 r          1.4            3.4            1.5 r          3.2 r
      III          -0.4 r          2.1 r          2.5            1.1 r         -0.6 r          1.5 r
      II            1.4            3.9 r          2.5            1.7           -0.2            0.3  
      I             1.9 r          4.6 r          2.7            0.9 r         -1.9 r         -1.0 r

 2011 ANNUAL        5.6 r          7.8 r          2.1            1.7           -1.4           -3.6 r

 2011 IV            3.1 r          5.6 r          2.4           -0.5           -3.7           -3.5 r
      III           5.1 r          6.4 r          1.2            1.8           -1.8           -3.1 r
      II            5.3 r          7.7 r          2.3            1.7           -1.6           -3.4 r
      I             9.1 r         11.8 r          2.4            4.1            1.9           -4.6 r

 2010 ANNUAL       10.6 r         10.6 r          0.0            1.2           -0.4           -8.5 r

 2010 IV           10.8 r         13.6 r          2.5            0.8           -0.5           -9.1 r
      III          11.6 r         14.2 r          2.4            1.0           -0.2           -9.5 r
      II           12.4 r         12.5 r          0.1            1.2           -0.5          -10.0 r
      I             7.6            2.5 r         -4.8            1.9           -0.5           -5.3  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2012 ANNUAL      117.7 r        122.8 r        104.4          104.8 r         97.9 r         89.1 r

 2012 IV          117.8 r        123.2 r        104.6          105.6 r         97.9 r         89.7 r
      III         117.3 r        122.6 r        104.6          104.5 r         97.5 r         89.1 r
      II          117.6 r        122.8 r        104.4          104.7 r         98.2 r         89.0 r
      I           118.0 r        122.7 r        104.0          104.5 r         98.2 r         88.5 r

 2011 ANNUAL      116.8 r        119.2 r        102.1          103.0           98.3           88.2 r

 2011 IV          117.6 r        121.3 r        103.2          102.1           96.5           86.8 r
      III         117.7 r        120.1 r        102.0          103.3           98.1           87.8 r
      II          116.0 r        118.2 r        101.9          103.0           98.4           88.8 r
      I           115.9 r        117.3 r        101.2          103.6          100.1           89.4 r

 2010 ANNUAL      110.6 r        110.6 r        100.0          101.2           99.6           91.5 r

 2010 IV          114.1 r        114.9 r        100.8          102.6          100.2           90.0 r
      III         112.0 r        112.9 r        100.8          101.5           99.9           90.6 r
      II          110.2 r        109.8 r         99.6          101.3          100.0           91.9 r
      I           106.2 r        105.0 r         98.8           99.5           98.2           93.7 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 11, 2015
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 4.
 Durable manufacturing sector: Revised 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)

 2012 ANNUAL        3.0            5.9 r          2.9            1.5 r         -0.6 r         -1.4 r

 2012 IV            2.4 r          2.3 r         -0.2            5.4 r          2.8 r          2.9 r
      III          -1.1 r         -1.2 r          0.0           -2.2 r         -3.9 r         -1.1 r
      II            1.7 r          4.1 r          2.3           -0.8 r         -1.7 r         -2.5 r
      I             6.9 r         10.1 r          3.0           11.5 r          9.1 r          4.3 r

 2011 ANNUAL        4.9 r          8.9 r          3.8            1.8           -1.3           -2.9 r

 2011 IV            0.3 r          8.0 r          7.7           -6.1           -7.7           -6.4 r
      III           8.7 r          8.9 r          0.2            2.2           -0.4           -5.9 r
      II           -2.7 r          2.1 r          4.9           -4.2           -8.5           -1.6 r
      I             6.8 r         11.0 r          4.0            5.6            1.3           -1.1 r

 2010 ANNUAL       11.8 r         11.6 r         -0.2            1.3           -0.3           -9.3 r

 2010 IV            5.1 r          7.2 r          2.0            4.5            1.2           -0.6 r
      III           5.1 r         12.8 r          7.3           -1.4           -2.6           -6.2 r
      II           18.6 r         21.5 r          2.4           12.1           12.2           -5.5 r
      I            13.2 r         16.0 r          2.5          -11.9          -12.5          -22.2 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2012 ANNUAL        3.0            5.9 r          2.9            1.5 r         -0.6 r         -1.4 r

 2012 IV            2.4 r          3.8 r          1.3            3.4 r          1.4 r          0.9 r
      III           1.9 r          5.2 r          3.2            0.4 r         -1.3 r         -1.5 r
      II            4.4 r          7.7 r          3.3            1.5           -0.4           -2.7 r
      I             3.2 r          7.2 r          3.9            0.6 r         -2.1 r         -2.5 r

 2011 ANNUAL        4.9 r          8.9 r          3.8            1.8           -1.3           -2.9 r

 2011 IV            3.2 r          7.4 r          4.1           -0.7           -3.9           -3.8 r
      III           4.4 r          7.2 r          2.7            2.0           -1.7           -2.3 r
      II            3.5 r          8.2 r          4.5            1.0           -2.2           -2.4 r
      I             8.8 r         13.0 r          3.9            5.1            2.9           -3.4 r

 2010 ANNUAL       11.8 r         11.6 r         -0.2            1.3           -0.3           -9.3 r

 2010 IV           10.4 r         14.3 r          3.5            0.4           -0.8           -9.0 r
      III          11.7 r         15.1 r          3.0            1.0           -0.2           -9.6 r
      II           15.2 r         14.7 r         -0.4            1.6           -0.1          -11.8 r
      I             9.5 r          2.5 r         -6.4            2.1           -0.3           -6.8 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2012 ANNUAL      120.7 r        128.7 r        106.6          104.7 r         97.8 r         86.7 r

 2012 IV          121.2 r        129.4 r        106.7          105.4 r         97.7 r         87.0 r
      III         120.5 r        128.6 r        106.8          104.0 r         97.1 r         86.3 r
      II          120.8 r        129.0 r        106.8          104.6 r         98.0 r         86.6 r
      I           120.3 r        127.7 r        106.2          104.8 r         98.5 r         87.1 r

 2011 ANNUAL      117.2 r        121.5 r        103.6          103.1           98.4           88.0 r

 2011 IV          118.3 r        124.7 r        105.4          101.9           96.3           86.2 r
      III         118.2 r        122.3 r        103.5          103.6           98.3           87.6 r
      II          115.8 r        119.7 r        103.4          103.0           98.4           89.0 r
      I           116.5 r        119.1 r        102.2          104.1          100.6           89.3 r

 2010 ANNUAL      111.8 r        111.6 r         99.8          101.3           99.7           90.7 r

 2010 IV          114.7 r        116.1 r        101.2          102.7          100.3           89.6 r
      III         113.2 r        114.1 r        100.7          101.6          100.0           89.7 r
      II          111.8 r        110.7 r         99.0          101.9          100.6           91.1 r
      I           107.2 r        105.4 r         98.4           99.1           97.8           92.4 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 11, 2015
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 5.
 Nondurable manufacturing sector: Revised 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)

 2012 ANNUAL       -0.6 r          0.7 r          1.2            2.2 r          0.1 r          2.7 r

 2012 IV            1.2 r          1.6 r          0.4            2.2 r         -0.4 r          1.0 r
      III          -0.9 r          0.7 r          1.6            1.7 r         -0.1 r          2.7 r
      II           -3.1 r         -2.3 r          0.8            4.3 r          3.3 r          7.7 r
      I            -2.1 r          0.9 r          3.1            6.0 r          3.7 r          8.3 r

 2011 ANNUAL        4.1 r          3.4 r         -0.7            1.2           -1.9           -2.7 r

 2011 IV            0.7 r          0.8 r          0.1           -2.6           -4.2           -3.3 r
      III           2.4 r          3.2 r          0.8           -0.3           -2.8           -2.6 r
      II            2.9 r          1.9 r         -1.0            1.0           -3.5           -1.9 r
      I             3.5 r          2.1 r         -1.4           -0.2           -4.3           -3.6 r

 2010 ANNUAL        6.4 r          6.7 r          0.3            1.1           -0.5           -5.0 r

 2010 IV            6.6 r          3.2 r         -3.2            4.5            1.2           -1.9 r
      III           5.4 r          6.1 r          0.8            4.1            2.9           -1.2 r
      II            7.0 r         11.9 r          4.5           -0.9           -0.7           -7.4 r
      I             8.5 r         10.2 r          1.6           -3.0           -3.6          -10.6 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2012 ANNUAL       -0.6 r          0.7 r          1.2            2.2 r          0.1 r          2.7 r

 2012 IV           -1.2 r          0.2 r          1.5            3.6 r          1.6 r          4.9 r
      III          -1.4 r          0.0 r          1.4            2.3            0.6            3.7 r
      II           -0.6 r          0.6 r          1.2            1.8 r         -0.1 r          2.4 r
      I             1.0 r          1.7 r          0.7            1.0 r         -1.8 r          0.0 r

 2011 ANNUAL        4.1 r          3.4 r         -0.7            1.2           -1.9           -2.7 r

 2011 IV            2.4 r          2.0 r         -0.4           -0.5           -3.7           -2.8 r
      III           3.8 r          2.6 r         -1.2            1.2           -2.4           -2.5 r
      II            4.6 r          3.3 r         -1.2            2.3           -1.0           -2.1 r
      I             5.6 r          5.8 r          0.1            1.9           -0.3           -3.5 r

 2010 ANNUAL        6.4 r          6.7 r          0.3            1.1           -0.5           -5.0 r

 2010 IV            6.9 r          7.8 r          0.9            1.1           -0.1           -5.3 r
      III           7.3 r          8.9 r          1.5            0.9           -0.3           -6.0 r
      II            6.8 r          7.7 r          0.8            0.6           -1.1           -5.8 r
      I             4.7 r          2.5 r         -2.1            1.8           -0.5           -2.8 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2012 ANNUAL      110.2 r        111.1 r        100.8          104.6 r         97.7 r         94.9 r

 2012 IV          110.1 r        111.3 r        101.1          105.5 r         97.8 r         95.9 r
      III         109.7 r        110.9 r        101.0          104.9 r         97.9 r         95.6 r
      II          110.0 r        110.7 r        100.6          104.5 r         98.0 r         95.0 r
      I           110.9 r        111.3 r        100.4          103.4 r         97.2 r         93.3 r

 2011 ANNUAL      110.8 r        110.3 r         99.6          102.4           97.6           92.4 r

 2011 IV          111.5 r        111.1 r         99.7          101.9           96.3           91.4 r
      III         111.3 r        110.8 r         99.6          102.6           97.3           92.2 r
      II          110.6 r        110.0 r         99.4          102.6           98.0           92.8 r
      I           109.8 r        109.5 r         99.7          102.4           98.9           93.2 r

 2010 ANNUAL      106.4 r        106.7 r        100.3          101.1           99.5           95.0 r

 2010 IV          108.9 r        108.9 r        100.0          102.4          100.0           94.1 r
      III         107.1 r        108.0 r        100.8          101.3           99.7           94.5 r
      II          105.7 r        106.4 r        100.7          100.3           99.0           94.8 r
      I           104.0 r        103.5 r         99.5          100.5           99.2           96.7 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 11, 2015
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 6.
 Nonfinancial corporate sector: Revised 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)

 2012 ANNUAL    1.6 r     4.0 r    2.4       2.9 r     0.7       1.2 r   -0.4 r    0.7 r    6.4 r    1.4  

 2012 IV        6.0 r     7.9 r    1.7       7.9 r     5.2 r     1.8 r   -3.8 r   -0.1 r    4.4 r    0.5 r
      III      -5.0 r    -3.7 r    1.4       0.1 r    -1.7 r     5.4 r    4.5 r    5.1 r   -5.9 r    3.4 r
      II        0.3 r     0.9 r    0.6       1.6 r     0.7 r     1.3 r    1.0 r    1.2 r    8.8 r    2.3 r
      I         6.2 r     9.9 r    3.5      12.2 r     9.8 r     5.7 r   -3.2 r    2.6 r   -2.5 r    1.9 r

 2011 ANNUAL   -0.2       2.5      2.7       2.1      -1.0       2.4      1.9      2.2      3.1      2.3  

 2011 IV        3.2       5.8      2.5      -4.4      -6.0      -7.4     -2.4     -5.8      9.5     -3.7  
      III      -3.0       0.1      3.1       1.0      -1.6       4.1      3.2      3.8     12.2      4.9  
      II        2.0       6.0      3.9      -2.4      -6.8      -4.3     -0.8     -3.2     56.3      3.1  
      I         1.9       3.3      1.3       9.9       5.3       7.8      4.0      6.5    -34.3      0.0  

 2010 ANNUAL    5.3       5.5      0.2       1.5      -0.1      -3.6     -3.2     -3.5     29.7      0.0  

 2010 IV       -5.5      -3.1      2.5       0.5      -2.7       6.3      6.0      6.2    -10.3      3.7  
      III       1.8       5.0      3.1       0.8      -0.4      -1.0     -2.2     -1.4     41.8      3.7  
      II       -1.1       2.9      4.0       3.0       3.1       4.1      0.0      2.7     12.7      4.0  
      I         8.8       9.8      0.9      -3.3      -3.9     -11.1     -5.7     -9.3     38.7     -4.4  
 ----------------------------------------------------------------------------------------------------------
                        Percent change from corresponding quarter of previous year

 2012 ANNUAL    1.6 r     4.0 r    2.4       2.9 r     0.7       1.2 r   -0.4 r    0.7 r    6.4 r    1.4  

 2012 IV        1.8 r     3.6 r    1.8       5.4 r     3.4 r     3.5 r   -0.4 r    2.2 r    1.1 r    2.0  
      III       1.1 r     3.1 r    2.0       2.2 r     0.5 r     1.1 r    0.0 r    0.7 r    2.3 r    0.9 r
      II        1.6 r     4.1 r    2.4       2.4       0.5       0.8 r   -0.4 r    0.4 r    6.9 r    1.3  
      I         2.1 r     5.4 r    3.2       1.4 r    -1.4 r    -0.7 r   -0.8 r   -0.7 r   17.0 r    1.5 r

 2011 ANNUAL   -0.2       2.5      2.7       2.1      -1.0       2.4      1.9      2.2      3.1      2.3  

 2011 IV        1.0       3.8      2.7       0.9      -2.4      -0.2      0.9      0.2      6.0      1.0  
      III      -1.2       1.5      2.7       2.1      -1.5       3.3      3.0      3.2      0.8      2.9  
      II        0.0       2.7      2.7       2.1      -1.2       2.1      1.7      1.9      6.9      2.6  
      I        -0.8       2.0      2.7       3.5       1.3       4.3      1.9      3.5     -1.5      2.8  

 2010 ANNUAL    5.3       5.5      0.2       1.5      -0.1      -3.6     -3.2     -3.5     29.7      0.0  

 2010 IV        0.9       3.5      2.6       0.2      -1.0      -0.6     -0.6     -0.6     18.7      1.7  
      III       5.2       7.2      1.9       0.7      -0.5      -4.2     -3.5     -4.0     40.5      0.6  
      II        6.7       6.6     -0.1       1.5      -0.3      -4.9     -4.7     -4.8     36.1     -0.9  
      I         8.7       4.9     -3.6       3.6       1.2      -4.7     -4.1     -4.5     25.8     -1.4  
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2009=100

 2012 ANNUAL  106.8 r   112.6 r  105.3     106.7 r    99.7 r    99.8 r   98.2 r   99.3 r  142.2 r  103.8 r

 2012 IV      107.4 r   113.7 r  105.9 r   108.3 r   100.4 r   100.9 r   98.1 r   99.9 r  143.1 r  104.5 r
      III     105.8 r   111.6 r  105.4 r   106.3 r    99.2 r   100.4 r   99.0 r  100.0 r  141.5 r  104.3 r
      II      107.2 r   112.6 r  105.1     106.2 r    99.6 r    99.1 r   97.9 r   98.7 r  143.7 r  103.4 r
      I       107.1 r   112.4 r  104.9     105.8 r    99.4 r    98.8 r   97.7 r   98.4 r  140.7 r  102.9 r

 2011 ANNUAL  105.1     108.2    102.9     103.7      98.9      98.6     98.6     98.6    133.7    102.3  

 2011 IV      105.5     109.7    104.0     102.8      97.1      97.5     98.5     97.8    141.6    102.4  
      III     104.6     108.2    103.4     104.0      98.7      99.3     99.1     99.3    138.4    103.4  
      II      105.4     108.2    102.6     103.7      99.1      98.4     98.3     98.3    134.5    102.1  
      I       104.9     106.6    101.6     104.3     100.8      99.5     98.5     99.1    120.2    101.3  

 2010 ANNUAL  105.3     105.5    100.2     101.5      99.9      96.4     96.8     96.5    129.7    100.0  

 2010 IV      104.4     105.8    101.3     101.9      99.5      97.6     97.6     97.6    133.6    101.4  
      III     105.9     106.6    100.7     101.8     100.2      96.1     96.1     96.1    137.2    100.4  
      II      105.4     105.3     99.9     101.6     100.3      96.4     96.7     96.5    125.8     99.5  
      I       105.7     104.6     98.9     100.8      99.5      95.4     96.7     95.8    122.1     98.6  
 ---------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                          August 11, 2015
 r=revised                                                              Source: Bureau of Labor Statistics




Appendix table 7.
 Manufacturing sector: Productivity, hourly compensation, and unit labor costs.

                                                                             Real
                 Output                                       Compen-        compen-
                 per hour                      Hours          sation         sation          Unit
                 of all                        of all         per hour       per hour        labor
   Year          persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

   2014           120.0 r        128.3 r        106.9          107.9 r         97.8 r         89.9 r
   2013           118.5 r        124.6 r        105.2          105.0 r         96.8 r         88.7 r
   2012           117.7 r        122.8 r        104.4          104.8 r         97.9 r         89.1 r
   2011           116.8 r        119.2 r        102.1          103.0           98.3           88.2 r
   2010           110.6 r        110.6 r        100.0          101.2           99.6           91.5 r

   2009           100.0          100.0          100.0          100.0          100.0          100.0  
   2008           107.3 r        123.3 r        114.9           96.7           96.4           90.1 r
   2007           103.3 r        123.6 r        119.6           94.2           97.4           91.1 r
   2006            97.3 r        118.4 r        121.7           90.6           96.4           93.1 r
   2005            94.2 r        113.8 r        120.8           88.4           97.1           93.8 r

   2004            88.7 r        108.4 r        122.2           85.2           96.8           96.0 r
   2003            84.1 r        103.3 r        122.9           82.2           95.9           97.7 r
   2002            79.0 r        102.0 r        129.2           78.0           93.0           98.8 r
   2001            75.2 r        104.5 r        138.9           75.5           91.5          100.4 r
   2000            75.0 r        111.5 r        148.7           73.3           91.3           97.8 r

   1999            70.0 r        105.5 r        150.6           68.2           87.8           97.4 r
   1998            66.8 r        101.4 r        151.7           65.2           85.8           97.5 r
   1997            64.9 r         98.6 r        152.0           62.1           82.9           95.8 r
   1996            61.8 r         92.3 r        149.4           60.1           81.8           97.2 r
   1995            59.2 r         88.6 r        149.6           58.3           81.6           98.5 r

   1994            57.4 r         85.3 r        148.7           57.2           82.0           99.8 r
   1993            55.7 r         81.0 r        145.2           56.3           82.4          101.1 r
   1992            54.5 r         78.1 r        143.3           55.6           83.3          102.1 r
   1991            51.6 r         74.3 r        144.1           52.8           81.2          102.4 r
   1990            50.3 r         75.6 r        150.4           50.1           79.8           99.7 r

   1989            48.8 r         75.2 r        154.2           47.7           79.8           97.8 r
   1988            48.6 r         74.5 r        153.3           46.2           80.5           95.0 r
   1987            48.1 r         71.6 r        148.8           44.4           80.3           92.3 r
 ----------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                     August 11, 2015
 r=revised                                                         Source: Bureau of Labor Statistics



Appendix table 8.
 Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs.

                                                                             Real
                 Output                                       Compen-        compen-
                 per hour                      Hours          sation         sation          Unit
                 of all                        of all         per hour       per hour        labor
   Year          persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

   2014           123.9 r        136.5 r        110.2          106.5 r         96.5 r         86.0 r
   2013           121.6 r        131.0 r        107.8          104.3 r         96.1 r         85.8 r
   2012           120.7 r        128.7 r        106.6          104.7 r         97.8 r         86.7 r
   2011           117.2 r        121.5 r        103.6          103.1           98.4           88.0 r
   2010           111.8 r        111.6 r         99.8          101.3           99.7           90.7 r

   2009           100.0          100.0          100.0          100.0          100.0          100.0  
   2008           108.7 r        128.5 r        118.2           96.2           95.8           88.5 r
   2007           106.3 r        131.1 r        123.4           94.0           97.3           88.5 r
   2006            99.5 r        125.3 r        125.9           90.3           96.1           90.8 r
   2005            96.4 r        120.0 r        124.5           87.6           96.2           90.9 r

   2004            91.1 r        113.7 r        124.8           84.8           96.3           93.1 r
   2003            88.5 r        109.7 r        124.1           81.7           95.3           92.4 r
   2002            82.4 r        108.0 r        131.0           77.8           92.7           94.3 r
   2001            78.0 r        111.3 r        142.7           75.3           91.2           96.5 r
   2000            77.6 r        119.4 r        153.8           73.6           91.7           94.9 r

   1999            72.6 r        112.4 r        154.7           68.3           88.0           94.1 r
   1998            68.1 r        105.8 r        155.4           65.1           85.6           95.6 r
   1997            64.4 r         99.5 r        154.6           62.2           82.9           96.6 r
   1996            60.6 r         91.1 r        150.3           60.4           82.3           99.7 r
   1995            57.2 r         85.2 r        148.9           59.0           82.5          103.0 r

   1994            54.4 r         79.8 r        146.7           58.1           83.2          106.7 r
   1993            52.1 r         74.0 r        142.0           57.4           83.9          110.1 r
   1992            50.4 r         70.5 r        140.0           56.8           85.1          112.6 r
   1991            47.0 r         66.7 r        142.1           53.7           82.5          114.4 r
   1990            45.8 r         68.9 r        150.4           50.8           80.9          110.8 r

   1989            44.7 r         69.5 r        155.3           48.6           81.2          108.6 r
   1988            44.4 r         68.8 r        154.9           47.0           82.0          105.9 r
   1987            43.7 r         65.2 r        149.1           45.6           82.4          104.3 r
 ----------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                     August 11, 2015
 r=revised                                                         Source: Bureau of Labor Statistics



Appendix table 9.
 Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs.

                                                                             Real
                 Output                                       Compen-        compen-
                 per hour                      Hours          sation         sation          Unit
                 of all                        of all         per hour       per hour        labor
   Year          persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

   2014           112.3 r        114.0 r        101.5          109.8 r         99.5 r         97.7 r
   2013           111.2 r        112.3 r        101.0          105.9 r         97.5 r         95.3 r
   2012           110.2 r        111.1 r        100.8          104.6 r         97.7 r         94.9 r
   2011           110.8 r        110.3 r         99.6          102.4           97.6           92.4 r
   2010           106.4 r        106.7 r        100.3          101.1           99.5           95.0 r

   2009           100.0          100.0          100.0          100.0          100.0          100.0  
   2008           103.1 r        112.9 r        109.6           97.1           96.7           94.2 r
   2007           101.4 r        115.3 r        113.6           93.8           97.0           92.4 r
   2006            98.3 r        112.9 r        114.9           90.4           96.2           92.0 r
   2005            97.1 r        111.4 r        114.8           89.4           98.2           92.1 r

   2004            91.7 r        108.2 r        118.0           85.6           97.2           93.3 r
   2003            86.8 r        104.9 r        120.9           82.8           96.6           95.5 r
   2002            82.8 r        104.5 r        126.2           78.2           93.3           94.4 r
   2001            78.9 r        104.9 r        132.9           75.6           91.6           95.8 r
   2000            78.1 r        109.7 r        140.5           72.1           89.8           92.3 r

   1999            74.4 r        107.2 r        144.1           67.4           86.8           90.6 r
   1998            72.9 r        106.1 r        145.6           65.0           85.5           89.2 r
   1997            71.5 r        105.8 r        147.9           61.8           82.4           86.4 r
   1996            68.9 r        101.9 r        147.9           59.3           80.7           86.0 r
   1995            67.3 r        101.5 r        150.8           57.2           80.1           85.1 r

   1994            66.3 r        100.7 r        151.9           55.9           80.1           84.4 r
   1993            65.2 r         98.1 r        150.5           54.8           80.2           84.1 r
   1992            64.5 r         95.9 r        148.7           53.9           80.8           83.6 r
   1991            62.8 r         92.6 r        147.4           51.5           79.1           82.0 r
   1990            61.5 r         92.6 r        150.4           48.8           77.8           79.4 r

   1989            59.8 r         91.1 r        152.5           46.1           77.0           77.1 r
   1988            59.8 r         90.2 r        150.7           44.4           77.4           74.2 r
   1987            59.4 r         88.1 r        148.3           42.3           76.5           71.3 r
 ----------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                     August 11, 2015
 r=revised                                                         Source: Bureau of Labor Statistics

Last Modified Date: August 11, 2015