Productivity and Costs News Release



Transmission of material in this release is embargoed until     USDL 14-1431
8:30 a.m. (EDT) Friday, August 8, 2014

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 2014, Preliminary
                
                
Nonfarm business sector labor productivity increased at a 2.5 percent annual 
rate during the second quarter of 2014, the U.S. Bureau of Labor Statistics 
reported today, as hours increased 2.7 percent and output increased 5.2 
percent. (All quarterly percent changes in this release are seasonally 
adjusted annual rates.) From the second quarter of 2013 to the second quarter
of 2014, productivity increased 1.2 percent as output and hours worked rose
3.2 percent and 2.0 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.  


------------------------------------------------------------------------------
        Historical Revisions to Productivity and Costs Data
        
Data in this release reflect the comprehensive revision to the National 
Income and Product Accounts (NIPA) released by the Bureau of Economic 
Analysis of the U.S. Department of Commerce on July 30, 2014. See Revised
measures section.
------------------------------------------------------------------------------

Unit labor costs in nonfarm businesses increased 0.6 percent in the second
quarter of 2014, as the 3.1 percent increase in hourly compensation was 
larger than the increase in productivity. Unit labor costs increased 1.9 
percent over the last four quarters. (See tables A and 2.) 

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

Manufacturing sector productivity increased 3.6 percent in the second quarter 
of 2014, as output increased 7.0 percent and hours worked increased 3.2 
percent. Productivity increased 2.9 percent in the durable goods sector and 
increased 5.9 percent in the nondurable goods sector. Over the last four 
quarters, manufacturing productivity increased 2.1 percent, as output 
increased 3.7 percent and hours increased 1.5 percent. Unit labor costs in
manufacturing decreased 1.3 percent in the second quarter of 2014 and 
increased 0.8 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

Output and related measures--including productivity and unit labor costs--in
the business and nonfarm business sectors were subject to revision for the 
entire series going back to 1947. The most notable revisions in these series
are generally limited to the period from 2010 onward. Hourly compensation and
related measures for all sectors were subject to revision back to 2010. 
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 for 2010 forward to include revised NIPA data on 
government enterprises and to incorporate revised NIPA data on the proportion
of sector compensation paid to employees of nonprofit institutions. 

Table B presents revised and previous productivity and related measures for 
the nonfarm business, business, and manufacturing sectors for the first 
quarter of 2014 and table C presents annual data for nonfarm business and 
total manufacturing from 2011 to 2013. Revised quarterly and annual series
for recent years appear in tables 1-6 for all sectors and annual indexes for
all years appear in appendix tables 1-3 for business, nonfarm business, and 
nonfinancial corporate sectors. Full historical annual and quarterly measures
can be found on the productivity and costs home page: www.bls.gov/lpc/#data.

In the first quarter of 2014, nonfarm business productivity decreased 4.5 
percent--rather than falling 3.2 percent as reported June 4--reflecting a
downward revision to output which was larger than a small downward revision
to hours. This decline in productivity was the largest since the fourth 
quarter of 1981, when productivity decreased 4.7 percent.  Unit labor costs 
rose 11.8 percent in the first quarter of 2014--more than double the 
previously reported rate--due to both the downward revision to productivity
and an upward revision to hourly compensation.  Real hourly compensation 
increased 4.8 percent after revision, rather than the previous estimate of
0.4 percent.  In the manufacturing sector, productivity growth in the first 
quarter was 3.2 percent, as output growth was revised down and hours were not
revised. Unit labor costs increased 5.0 percent, rather than falling 0.4 
percent as previously reported, due to both the downward revision to 
productivity and an upward revision to hourly compensation.

Annual Average productivity growth for 2013 in the nonfarm business sector
was revised up to 0.9 percent from a previous estimate of 0.5 percent due to
an upward revision to output. (See table C). Unit labor costs increased 0.2 
percent, less than the 1.1 percent gain reported June 4.  Productivity was 
revised down in both 2012 and 2011, to increases of 1.0 percent and 0.1 
percent in those years, respectively. Growth in unit labor costs was revised
up from 1.2 percent to 1.7 percent in 2012, and from 2.0 percent to 2.1
percent in 2011.  

In the manufacturing sector, annual average productivity growth was not 
revised. Unit labor costs declined 1.6 percent in 2013, rather than 1.3
percent as previously reported. In 2012, unit labor costs fell 0.2 percent
after revision, and in 2011 increased 0.8 percent rather than the previous
estimate of 0.4 percent. 

Nonfinancial corporate sector output and related measures were subject to
revision for the entire series going back to 1947, and hourly compensation
and related measures were revised back to 2010. First-quarter 2014 
productivity growth was revised up to a decline of 0.9 percent; the revision
was due solely to an upward revision to output. Annual average productivity in
2013 and 2012 grew more than previously reported--reflecting upward revisions 
to output in both years, and in 2011 a downward revision to productivity was 
due to a downward revision to output. (See tables D and 6.)
______________  




The revised Productivity and Costs news release for second-quarter 2014 is 
scheduled to be released on Thursday, September 4, 2014 at 8:30 a.m. (EDT).


======================================================================================================
Table A. Preliminary second-quarter 2014 measures: percent change from previous quarter 
at annual rate (Q to Q) and from same quarter a year ago (Y to Y)

Sector                    Nonfarm                                        Durable         Nondurable
                          Business         Business      Manufacturing   Manufacturing   Manufacturing
                       Q to Q   Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y
------------------------------------------------------------------------------------------------------ 
Productivity            2.5      1.2      2.0     0.8     3.6     2.1    2.9      2.7     5.9      2.0
Output                  5.2      3.2      4.9     3.0     7.0     3.7    8.8      5.2     5.0      2.1
Hours                   2.7      2.0      2.8     2.1     3.2     1.5    5.7      2.4    -0.9      0.0
Hourly 
 compensation           3.1      3.1      3.0     3.0     2.2     2.9    1.5      2.4     3.1      3.8
Real hourly 
 compensation           0.1      1.0      0.0     0.9    -0.8     0.9   -1.4      0.3     0.1      1.7
Unit labor 
 costs                  0.6      1.9      1.0     2.1    -1.3     0.8   -1.3     -0.3    -2.7      1.7
======================================================================================================
Table B. Revised and previous measures: first quarter 2014 

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 2014
                        
Productivity    -4.5    -3.2     -5.0     -3.5      3.2      3.8       3.4     4.1       2.8      3.3
Output          -2.4    -1.1     -3.3     -1.7      1.5      2.2       1.7     2.3       1.4      2.1
Hours            2.1     2.2      1.8      1.8     -1.6     -1.6      -1.6    -1.7      -1.4     -1.2
Hourly 
 compensation    6.8     2.3      7.1      2.6      8.3      3.4       8.9     2.5       7.0      5.0
Real hourly 
 compensation    4.8     0.4      5.1      0.7      6.2      1.5       6.9     0.6       5.0      3.1
Unit labor 
 costs          11.8     5.7     12.7      6.3      5.0     -0.4       5.4    -1.5       4.1      1.7

===================================================================================================================
Table C. Revised and previous annual average measures: 2011-2013

Sector                       Nonfarm Business                  |                 Manufacturing
                                                               |
                  2013             2012              2011      |       2013            2012             2011  
             Revised Previous Revised Previous Revised Previous| Revised Previous Revised Previous Revised Previous
---------------------------------------------------------------|---------------------------------------------------
                                Percent change                 |                     Percent change
                                                               |
Productivity    0.9     0.5     1.0     1.5     0.1      0.5   |   2.3      2.3      1.9     1.9      1.0      1.0
Output          2.6     2.2     3.2     3.7     2.2      2.5   |   2.9      2.9      4.3     4.3      3.1      3.1
Hours           1.7     1.7     2.2     2.2     2.1      2.0   |   0.7      0.7      2.3     2.3      2.1      2.1
Hourly                                                         |
 compensation   1.1     1.6     2.7     2.6     2.2      2.5   |   0.6      0.9      1.7     1.9      1.7      1.3
Real hourly                                                    |
 compensation  -0.3     0.1     0.6     0.5    -0.9     -0.7   |  -0.8     -0.5     -0.3    -0.2     -1.4     -1.8
Unit labor                                                     |
 costs          0.2     1.1     1.7     1.2     2.1      2.0   |  -1.6     -1.3     -0.2     0.0      0.8      0.4
===================================================================================================================

Table D. Nonfinancial corporations: revised and previous first-quarter 2014 measures, and revised 
         annual measures 2011-2013
                                                        Real 
                                           Hourly       hourly        Unit                    Implicit
             Produc-                       compen-      compen-       labor       Unit        price
             tivity    Output     Hours    sation       sation        costs       profits     deflator
------------------------------------------------------------------------------------------------------ 
                        Percent change, annual rate, first quarter 2014
                        
Revised      -0.9       0.9        1.8      6.8          4.8           7.8        -27.0         0.5
Previous     -3.9      -2.2        1.8      2.1          0.2           6.3        -27.2         0.3

                                Percent change, annual average
                                
2013          0.3       2.3        2.0      1.4         -0.1           1.1          1.4         0.9
2012          1.9       4.3        2.3      2.9          0.8           0.9          7.9         1.4
2011         -0.2       2.5        2.8      2.1         -1.0           2.4          3.1         2.3

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
















			TECHNICAL NOTES
			
			
Labor Hours: Hours data for the labor productivity and cost measures 
include hours for all persons working in the sector--wage and salary 
workers, the self-employed and unpaid family workers. The primary 
source of hours and employment data is the BLS Current Employment 
Statistics (CES) program, which provides monthly survey data on the 
number of jobs held by wage and salary workers in nonfarm 
establishments. The CES also provides average weekly paid hours of 
production and nonsupervisory workers in these establishments. Weekly 
paid hours are adjusted to hours at work using data from the National 
Compensation Survey (NCS). The BLS Hours at Work survey, conducted 
for this purpose, was used for earlier years. The Office of 
Productivity and Technology estimates average weekly hours at work 
for nonproduction and supervisory workers using information from the 
Current Population Survey (CPS), the CES, and the NCS.
     Data from the CPS are used for farm labor, nonfarm proprietors, 
and nonfarm unpaid family workers. Estimates of labor input for 
government enterprises are derived from the CPS, the CES, and the 
National Income and Product Accounts (NIPA) prepared by the Bureau of 
Economic Analysis (BEA) of the Department of Commerce.
     The CES measures jobs, counting a person who is employed by two 
or more establishments at each place of employment. In contrast, the 
CPS features measures of employment that count each person only once 
and classify each person according to his or her primary job; hours 
worked at all jobs by that person accrue to his or her primary job. 
However, the CPS also collects more detailed information on 
employment and hours worked at primary jobs and all other jobs, 
separately. The BLS productivity measures use the more detailed 
information on employment and hours to assign all hours worked to the 
correct industrial sector and avoid duplicating hours data from the 
CES.

Output: Business sector output is a chain-type, current-weighted 
index constructed after excluding from gross domestic product (GDP) 
the following outputs: general government, nonprofit institutions, 
and private households (including owner-occupied housing). 
Corresponding exclusions also are made in labor inputs. Business 
output accounted for about 76 percent of the value of GDP in 2013. 
Nonfarm business, which excludes farming, accounted for about 74 
percent of GDP in 2013.
     Annual indexes for manufacturing and its durable and nondurable 
goods components are constructed by deflating current-dollar industry 
value of production data from the U.S. Bureau of the Census with 
deflators from the BLS. These deflators are based on data from the 
BLS producer price program and other sources. The industry shipments 
are aggregated using annual weights, and intrasector transactions are 
removed. Quarterly manufacturing output measures are based on the 
index of industrial production prepared monthly by the Board of 
Governors of the Federal Reserve System, adjusted to be consistent 
with annual indexes of manufacturing sector output prepared by BLS. 
Durables include the following 3-digit NAICS industries: wood product 
manufacturing; nonmetallic mineral product manufacturing; primary 
metal manufacturing; fabricated metal product manufacturing; 
machinery manufacturing; computer and electronic product 
manufacturing; electrical equipment and appliance manufacturing; 
transportation equipment manufacturing; furniture and related product 
manufacturing; and miscellaneous manufacturing. Nondurables include: 
food manufacturing; beverage and tobacco product manufacturing; 
textile mills; textile product mills; apparel manufacturing; leather 
and allied product manufacturing; paper manufacturing; printing and 
related support activities; petroleum and coal products 
manufacturing; chemical manufacturing; and plastics and rubber 
products manufacturing.
     Nonfinancial corporate output is a chain-type, current-weighted 
index calculated on the basis of the costs incurred and the incomes 
earned from production.  The output measure excludes the following 
outputs from GDP: general government; nonprofit institutions; private 
households; unincorporated business; and those corporations 
classified as offices of bank holding companies, offices of other 
holding companies, or offices in the finance and insurance sector. 
Nonfinancial corporations accounted for about 49 percent of the value 
of GDP in 2013.
     
Productivity: These productivity measures describe the relationship 
between real output and the labor time involved in its production. 
They show the changes from period to period in the amount of goods 
and services produced per hour. Although these measures relate output 
to hours at work of all persons engaged in a sector, they do not 
measure the specific contribution of labor, capital, or any other 
factor of production. Rather, they reflect the joint effects of many 
influences, including changes in technology; capital investment; 
level of output; utilization of capacity, energy, and materials; the 
organization of production; managerial skill; and the characteristics 
and effort of the work force.

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

Presentation of the data: The quarterly data in this release are 
presented in three ways: as percent changes from the previous quarter 
presented at a compound annual rate, as percent changes from the 
corresponding quarter of the previous year, and as index number 
series where 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. These index 
numbers are available at the BLS web site, www.bls.gov/data/home.htm, 
or by contacting the BLS Division of Major Sector Productivity. 
(Telephone 202-691-5606 or email DPRWEB@BLS.GOV)
      
Information in this release will be made available to sensory-impaired 
individuals upon request. Voice phone: 202-691-5606; Federal Relay Service
number: 1-800-877-8339.









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

2014 II        2.0         4.9        2.8        3.0        0.0        1.0        3.6        2.1  
     I        -5.0 r      -3.3 r      1.8        7.1 r      5.1 r     12.7 r    -11.8 r      1.3  

2013 ANNUAL    1.2 r       2.7 r      1.5        1.4 r     -0.1 r      0.2 r      3.1 r      1.4 r

2013 IV        3.1 r       4.6 r      1.5        1.7 r      0.5 r     -1.4 r      4.0 r      1.0 r
     III       3.5 r       5.9 r      2.4 r      0.3 r     -1.7 r     -3.1 r      7.9 r      1.6 r
     II        0.7 r       2.1 r      1.4        3.8 r      3.4        3.1 r     -1.7        1.0 r
     I         2.1 r       3.2 r      1.1       -5.6 r     -6.7 r     -7.6 r     14.6 r      1.4 r

2012 ANNUAL    0.9 r       3.1 r      2.2        2.8 r      0.7 r      1.9 r      1.7 r      1.8  

2012 IV       -2.0 r      -0.1 r      1.9       10.8 r      8.1 r     13.0 r    -12.3 r      1.3 r
     III       1.3 r       3.1 r      1.8        0.0 r     -1.6 r     -1.3        6.5 r      2.0 r
     II        1.8 r       2.3 r      0.4        0.8 r     -0.5 r     -1.0 r      6.5 r      2.2 r
     I        -0.1 r       3.1 r      3.3       11.6 r      9.2 r     11.7 r    -10.0 r      1.7 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2014 II        0.8         3.0        2.1        3.0        0.9        2.1        0.6        1.5  
     I         0.5 r       2.3 r      1.7        3.2 r      1.8 r      2.7 r     -0.7 r      1.2  

2013 ANNUAL    1.2 r       2.7 r      1.5        1.4 r     -0.1 r      0.2 r      3.1 r      1.4 r

2013 IV        2.4 r       4.0 r      1.6        0.0 r     -1.2 r     -2.3 r      6.0 r      1.2 r
     III       1.1 r       2.8 r      1.7        2.1 r      0.6 r      1.1 r      1.6 r      1.3 r
     II        0.5 r       2.1        1.5        2.1 r      0.6 r      1.5 r      1.3 r      1.4 r
     I         0.8 r       2.1 r      1.3        1.3 r     -0.3 r      0.5 r      3.3 r      1.7 r

2012 ANNUAL    0.9 r       3.1 r      2.2        2.8 r      0.7 r      1.9 r      1.7 r      1.8  

2012 IV        0.3 r       2.1 r      1.8 r      5.7 r      3.7 r      5.4 r     -2.7 r      1.8  
     III       1.6 r       3.6 r      2.0 r      1.8 r      0.1 r      0.2 r      3.6 r      1.7  
     II        1.0 r       3.1 r      2.1        2.3 r      0.4 r      1.3 r      2.6 r      1.8  
     I         0.8 r       3.5 r      2.7        1.6 r     -1.2 r      0.8 r      3.8 r      2.1 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2014 II      105.8       113.9      107.6      111.8      101.2      105.7      111.5      108.1  
     I       105.3 r     112.5 r    106.9 r    111.0 r    101.2 r    105.4 r    110.5 r    107.5 r

2013 ANNUAL  105.5 r     111.6 r    105.7 r    108.5 r     99.9 r    102.8 r    112.2 r    106.7 r

2013 IV      106.6 r     113.5 r    106.4 r    109.1 r     99.9 r    102.3 r    114.0 r    107.2 r
     III     105.8 r     112.2 r    106.0 r    108.6 r     99.8 r    102.7 r    112.9 r    106.9 r
     II      104.9 r     110.6 r    105.4 r    108.6 r    100.3 r    103.5 r    110.7 r    106.5 r
     I       104.7 r     110.0 r    105.1 r    107.5 r     99.4 r    102.7 r    111.2 r    106.3 r

2012 ANNUAL  104.3 r     108.6 r    104.2 r    107.0 r     99.9 r    102.6 r    108.9 r    105.2 r

2012 IV      104.2 r     109.1 r    104.8 r    109.1 r    101.2 r    104.7 r    107.5 r    105.9 r
     III     104.7 r     109.2 r    104.3 r    106.4 r     99.2 r    101.6 r    111.1 r    105.6 r
     II      104.3 r     108.3 r    103.8 r    106.3 r     99.6 r    101.9 r    109.3 r    105.0 r
     I       103.9 r     107.7 r    103.7 r    106.1 r     99.8 r    102.2 r    107.6 r    104.5 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 8, 2014
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)

2014 II        2.5         5.2        2.7        3.1        0.1        0.6        3.5        1.8  
     I        -4.5 r      -2.4 r      2.1 r      6.8 r      4.8 r     11.8 r    -12.0 r      0.8 r

2013 ANNUAL    0.9 r       2.6 r      1.7        1.1 r     -0.3 r      0.2 r      2.9 r      1.4 r

2013 IV        3.3 r       4.7 r      1.4        1.9 r      0.7 r     -1.3 r      5.0 r      1.4  
     III       3.6 r       5.6 r      1.9        0.7 r     -1.4 r     -2.9 r      8.5        1.9 r
     II        0.5 r       2.0 r      1.5        3.7 r      3.2 r      3.2 r     -0.7        1.5 r
     I         0.8 r       2.4 r      1.6       -6.3 r     -7.4 r     -7.0 r     12.7 r      0.9 r

2012 ANNUAL    1.0 r       3.2 r      2.2        2.7 r      0.6 r      1.7 r      2.0 r      1.8  

2012 IV       -2.0 r       0.1 r      2.2       10.4 r      7.8 r     12.7 r    -12.8 r      1.0 r
     III       1.7 r       3.7 r      2.0       -0.2 r     -1.8 r     -1.8        6.7 r      1.8 r
     II        1.8 r       2.3 r      0.5        0.7 r     -0.7 r     -1.2 r      7.0 r      2.3 r
     I         0.2 r       3.3 r      3.2       11.6 r      9.3 r     11.4 r     -9.9 r      1.6 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2014 II        1.2         3.2        2.0        3.1        1.0        1.9        0.9        1.5  
     I         0.7 r       2.4 r      1.7        3.3 r      1.8 r      2.6 r     -0.1 r      1.4  

2013 ANNUAL    0.9 r       2.6 r      1.7        1.1 r     -0.3 r      0.2 r      2.9 r      1.4 r

2013 IV        2.0 r       3.7 r      1.6       -0.1 r     -1.3 r     -2.1 r      6.2 r      1.4 r
     III       0.7 r       2.5 r      1.8        1.9 r      0.4 r      1.2 r      1.4 r      1.3 r
     II        0.2 r       2.0 r      1.8        1.7 r      0.3 r      1.5 r      1.0 r      1.3 r
     I         0.6 r       2.1 r      1.5 r      1.0 r     -0.7 r      0.4 r      2.9 r      1.5  

2012 ANNUAL    1.0 r       3.2 r      2.2        2.7 r      0.6 r      1.7 r      2.0 r      1.8  

2012 IV        0.4 r       2.3 r      1.9 r      5.5 r      3.5 r      5.1 r     -2.7 r      1.6 r
     III       1.7 r       3.8 r      2.0 r      1.6        0.0       -0.1 r      4.1 r      1.7  
     II        1.1 r       3.1 r      2.0 r      2.3 r      0.4 r      1.2 r      2.8 r      1.9  
     I         0.9 r       3.7 r      2.7        1.5 r     -1.2 r      0.6 r      4.0 r      2.0 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2014 II      106.0       114.3      107.8      111.7      101.1      105.3      110.4      107.4  
     I       105.4 r     112.9 r    107.1 r    110.8 r    101.0 r    105.2 r    109.4 r    106.9 r

2013 ANNUAL  105.4 r     111.7 r    105.9 r    108.3 r     99.7 r    102.7 r    110.9 r    106.1 r

2013 IV      106.6 r     113.5 r    106.5 r    109.0 r     99.9 r    102.3 r    113.0 r    106.7 r
     III     105.7 r     112.2 r    106.2 r    108.5 r     99.7 r    102.6 r    111.6 r    106.4 r
     II      104.8 r     110.7 r    105.7 r    108.3 r    100.0 r    103.4 r    109.4 r    105.9 r
     I       104.7 r     110.2 r    105.3 r    107.3 r     99.2 r    102.5 r    109.6 r    105.5 r

2012 ANNUAL  104.5 r     108.9 r    104.2 r    107.1 r    100.0 r    102.4 r    107.8 r    104.7 r

2012 IV      104.4 r     109.5 r    104.9 r    109.1 r    101.1 r    104.4 r    106.3 r    105.2 r
     III     105.0 r     109.5 r    104.3 r    106.4 r     99.3 r    101.4 r    110.0 r    105.0 r
     II      104.5 r     108.5 r    103.8 r    106.5 r     99.7 r    101.8 r    108.3 r    104.5 r
     I       104.1 r     107.9 r    103.7 r    106.3 r     99.9 r    102.1 r    106.5 r    103.9 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 8, 2014
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)

2014 II            3.6            7.0            3.2            2.2           -0.8           -1.3  
     I             3.2 r          1.5 r         -1.6            8.3 r          6.2 r          5.0 r

2013 ANNUAL        2.3            2.9            0.7            0.6 r         -0.8 r         -1.6 r

2013 IV            1.3            4.7            3.4            0.8 r         -0.4 r         -0.5 r
     III           0.5            1.7            1.1            0.6 r         -1.4 r          0.0 r
     II            3.7            1.5           -2.2            2.9            2.4           -0.9 r
     I             3.1            4.8            1.7           -2.3 r         -3.4 r         -5.2 r

2012 ANNUAL        1.9            4.3            2.3            1.7 r         -0.3 r         -0.2 r

2012 IV            2.3            2.7            0.4            4.3 r          1.8 r          2.0 r
     III           0.8            1.9            1.1           -2.1 r         -3.7 r         -2.8 r
     II            2.1            3.4            1.3            0.4 r         -1.0 r         -1.7 r
     I             4.2            7.5            3.1           10.7 r          8.4 r          6.2 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2014 II            2.1            3.7            1.5            2.9            0.9            0.8  
     I             2.2 r          2.4 r          0.2            3.1 r          1.7 r          0.9 r

2013 ANNUAL        2.3            2.9            0.7            0.6 r         -0.8 r         -1.6 r

2013 IV            2.1            3.2            1.0            0.5 r         -0.7 r         -1.7 r
     III           2.4            2.7            0.3            1.3 r         -0.2 r         -1.0 r
     II            2.5            2.7            0.3            0.7 r         -0.8 r         -1.8 r
     I             2.0            3.2            1.1            0.0 r         -1.6 r         -2.0 r

2012 ANNUAL        1.9            4.3            2.3            1.7 r         -0.3 r         -0.2 r

2012 IV            2.3            3.9            1.5            3.2            1.3            0.9  
     III           1.6            4.2            2.6            0.9 r         -0.7           -0.7 r
     II            2.6            5.0            2.4            1.8 r         -0.1 r         -0.8 r
     I             1.2            4.0            2.8            1.0 r         -1.7 r         -0.2 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2014 II          114.4          121.4          106.2          108.6           98.3           95.0  
     I           113.4 r        119.4 r        105.3          108.0 r         98.5 r         95.3 r

2013 ANNUAL      111.9          117.6          105.1          105.5 r         97.1 r         94.3 r

2013 IV          112.5 r        118.9 r        105.8          105.9 r         97.0 r         94.1 r
     III         112.1          117.6          104.9          105.7 r         97.1 r         94.3 r
     II          112.0          117.1          104.6          105.5 r         97.5 r         94.3 r
     I           110.9          116.7          105.2          104.8 r         96.9 r         94.5 r

2012 ANNUAL      109.4          114.2          104.4          104.8 r         97.9 r         95.8 r

2012 IV          110.1          115.3          104.7          105.4 r         97.7 r         95.7 r
     III         109.5          114.5          104.6          104.3 r         97.3 r         95.3 r
     II          109.3          114.0          104.3          104.8 r         98.2 r         95.9 r
     I           108.7          113.0          104.0          104.7 r         98.5 r         96.3 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 8, 2014
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)

2014 II            2.9            8.8            5.7            1.5           -1.4           -1.3  
     I             3.4 r          1.7 r         -1.6 r          8.9 r          6.9 r          5.4 r

2013 ANNUAL        3.4            4.4            1.0            0.1 r         -1.4 r         -3.2 r

2013 IV            2.6            6.9            4.2           -1.7 r         -2.9 r         -4.2 r
     III           2.0            3.6            1.6            1.0 r         -1.0 r         -0.9 r
     II            5.2            2.9           -2.1            2.6 r          2.1 r         -2.5 r
     I             3.4            6.4            2.9           -3.4 r         -4.5 r         -6.5 r

2012 ANNUAL        4.1            7.2            2.9            1.3 r         -0.7 r         -2.7 r

2012 IV            3.7            4.1            0.3            5.1 r          2.6 r          1.3 r
     III           1.4            2.0            0.6           -3.4           -5.0 r         -4.8 r
     II            4.7            6.7            1.9           -1.0 r         -2.4 r         -5.5 r
     I             8.8           12.2            3.1           11.9 r          9.6 r          2.8 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2014 II            2.7            5.2            2.4            2.4            0.3           -0.3  
     I             3.3 r          3.8 r          0.5 r          2.6 r          1.2 r         -0.6 r

2013 ANNUAL        3.4            4.4            1.0            0.1 r         -1.4 r         -3.2 r

2013 IV            3.3            4.9            1.6           -0.4 r         -1.6 r         -3.5 r
     III           3.6            4.2            0.6            1.3 r         -0.2 r         -2.2 r
     II            3.4            3.8            0.4            0.1 r         -1.3 r         -3.2 r
     I             3.3            4.8            1.4           -0.7 r         -2.4 r         -3.9 r

2012 ANNUAL        4.1            7.2            2.9            1.3 r         -0.7 r         -2.7 r

2012 IV            4.6            6.2            1.5            3.0            1.0           -1.6  
     III           3.8            7.1            3.2            0.2 r         -1.5 r         -3.5 r
     II            5.3            8.7            3.2            1.6 r         -0.3 r         -3.6 r
     I             2.8            6.9            4.0            0.7 r         -2.1 r         -2.1 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2014 II          124.7          136.8          109.7          107.3           97.1           86.0  
     I           123.8 r        133.9 r        108.2 r        106.9 r         97.4 r         86.3 r

2013 ANNUAL      121.6          130.9          107.7          104.7 r         96.4 r         86.1 r

2013 IV          122.8 r        133.4 r        108.6          104.6 r         95.8 r         85.2 r
     III         122.0          131.2          107.5          105.1 r         96.5 r         86.1 r
     II          121.4          130.0          107.1          104.8 r         96.8 r         86.3 r
     I           119.9          129.1          107.7          104.1 r         96.3 r         86.8 r

2012 ANNUAL      117.6          125.4          106.6          104.6 r         97.7 r         89.0 r

2012 IV          118.9          127.1          106.9          105.0 r         97.4 r         88.3 r
     III         117.8          125.9          106.8          103.7 r         96.8 r         88.0 r
     II          117.4          125.2          106.6          104.6 r         98.0 r         89.1 r
     I           116.1          123.2          106.2          104.9 r         98.6 r         90.4 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 8, 2014
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)

2014 II            5.9            5.0           -0.9            3.1            0.1           -2.7  
     I             2.8 r          1.4 r         -1.4 r          7.0 r          5.0 r          4.1 r

2013 ANNUAL        1.2            1.3            0.1            1.6 r          0.2 r          0.4 r

2013 IV            0.3            2.3            2.0            5.7 r          4.4 r          5.3 r
     III          -0.8           -0.4            0.4           -0.4 r         -2.4 r          0.4  
     II            2.2           -0.1           -2.3            3.4 r          2.9 r          1.2 r
     I             3.4            3.1           -0.3           -0.5 r         -1.6 r         -3.8 r

2012 ANNUAL        0.0            1.2            1.3            2.4            0.3            2.4  

2012 IV            0.6            1.2            0.7            2.9 r          0.4 r          2.3 r
     III          -0.2            1.7            1.9            0.8 r         -0.9 r          1.0 r
     II           -0.6           -0.2            0.4            3.0 r          1.6 r          3.6 r
     I            -0.6            2.6            3.2            8.3            6.1 r          9.0  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2014 II            2.0            2.1            0.0            3.8            1.7            1.7  
     I             1.1 r          0.8 r         -0.3            3.9 r          2.4 r          2.7 r

2013 ANNUAL        1.2            1.3            0.1            1.6 r          0.2 r          0.4 r

2013 IV            1.3            1.2           -0.1            2.0 r          0.8 r          0.7 r
     III           1.3            0.9           -0.4            1.3 r         -0.2 r          0.0 r
     II            1.5            1.5            0.0            1.6 r          0.2            0.2  
     I             0.8            1.4            0.7            1.5 r         -0.1 r          0.7 r

2012 ANNUAL        0.0            1.2            1.3            2.4            0.3            2.4  

2012 IV           -0.2            1.3            1.5            3.7            1.8            3.9  
     III          -0.4            1.1            1.5            2.2 r          0.5 r          2.6 r
     II            0.2            1.3            1.1            2.0 r          0.1 r          1.9 r
     I             0.5            1.3            0.8            1.5 r         -1.3 r          1.0 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2014 II          107.9          108.5          100.6          110.4           99.9          102.4  
     I           106.3 r        107.2 r        100.8 r        109.6 r         99.9 r        103.1 r

2013 ANNUAL      105.5 r        106.4 r        100.9          106.5 r         98.0 r        100.9 r

2013 IV          105.6 r        106.8 r        101.2          107.7 r         98.7 r        102.1 r
     III         105.5          106.2          100.7          106.3 r         97.7 r        100.7 r
     II          105.7          106.3          100.6          106.4 r         98.3 r        100.6 r
     I           105.1          106.3          101.1          105.5 r         97.5 r        100.3 r

2012 ANNUAL      104.2          105.1          100.8          104.8 r         97.9 r        100.5 r

2012 IV          104.3          105.5          101.2          105.6 r         98.0 r        101.3 r
     III         104.1          105.2          101.1          104.9 r         97.9 r        100.7 r
     II          104.2          104.8          100.6          104.7 r         98.1 r        100.5 r
     I           104.3          104.8          100.5          103.9 r         97.7 r         99.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                     August 8, 2014
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)

2014 I        -0.9 r     0.9 r    1.8       6.8 r     4.8 r     7.8 r    2.2 r    5.9 r  -27.0 r    0.5 r

2013 ANNUAL    0.3 r     2.3 r    2.0       1.4 r    -0.1 r     1.1 r    0.1 r    0.8 r    1.4 r    0.9 r

2013 IV        0.1 r     2.2 r    2.1       0.8 r    -0.4 r     0.8 r    0.7 r    0.7 r   -3.9 r    0.0 r
     III      -2.0 r     0.4 r    2.4      -0.5 r    -2.5 r     1.6 r    2.3 r    1.8 r   -2.7 r    1.1 r
     II        2.9 r     4.5 r    1.6       2.2 r     1.7 r    -0.6 r   -2.6 r   -1.3 r    8.5 r    0.1 r
     I        -1.4 r     1.6 r    3.1      -1.8 r    -2.9 r    -0.4 r    2.7 r    0.6 r   -1.9 r    0.2 r

2012 ANNUAL    1.9 r     4.3 r    2.3       2.9 r     0.8 r     0.9 r   -0.7 r    0.4 r    7.9 r    1.4  

2012 IV        4.0 r     5.6 r    1.5       7.9       5.3       3.7 r   -3.3 r    1.4 r    4.5 r    1.8  
     III      -3.6 r    -2.2 r    1.5      -0.2 r    -1.9 r     3.6 r    2.3 r    3.1 r   -5.7 r    1.8  
     II        1.6 r     2.4 r    0.8       0.3 r    -1.1 r    -1.3 r   -0.2 r   -0.9 r   15.5 r    1.3  
     I         6.1 r     9.6 r    3.3      13.5 r    11.1 r     6.9 r   -2.6 r    3.6 r   -1.4 r    2.9  
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2014 I         0.0 r     2.0 r    2.0       2.3 r     0.9 r     2.3 r    0.6 r    1.8 r   -7.2 r    0.4 r

2013 ANNUAL    0.3 r     2.3 r    2.0       1.4 r    -0.1 r     1.1 r    0.1 r    0.8 r    1.4 r    0.9 r

2013 IV       -0.1 r     2.2 r    2.3       0.2 r    -1.0 r     0.3 r    0.7 r    0.5     -0.1 r    0.4 r
     III       0.8 r     3.0 r    2.1       1.9 r     0.4 r     1.0 r   -0.3 r    0.6      2.0 r    0.8 r
     II        0.4 r     2.3 r    1.9       2.0 r     0.5 r     1.5 r   -0.3 r    0.9      1.2 r    1.0 r
     I         0.1 r     1.8 r    1.7       1.5 r    -0.2 r     1.4 r    0.4 r    1.0 r    2.8 r    1.3 r

2012 ANNUAL    1.9 r     4.3 r    2.3       2.9 r     0.8 r     0.9 r   -0.7 r    0.4 r    7.9 r    1.4  

2012 IV        2.0 r     3.8 r    1.8       5.2 r     3.2       3.2     -1.0 r    1.8 r    2.9 r    2.0  
     III       1.8 r     3.8 r    2.0       2.1       0.5 r     0.3 r   -0.7 r    0.0 r    4.1 r    0.5  
     II        2.0 r     4.4 r    2.4       2.4 r     0.5 r     0.4 r   -0.5 r    0.1 r    8.8 r    1.3  
     I         2.0 r     5.3 r    3.2       1.7 r    -1.1 r    -0.4 r   -0.7 r   -0.5 r   17.3 r    1.7  
---------------------------------------------------------------------------------------------------------
                                            Indexes 2009=100

2014 I       107.1 r   116.6 r  108.8 r   110.1 r   100.4 r   102.8 r   98.8 r  101.4 r  134.5 r  104.9 r

2013 ANNUAL  107.5 r   115.5 r  107.5 r   108.1 r    99.5 r   100.6 r   98.0 r   99.7 r  146.4 r  104.6 r

2013 IV      107.4 r   116.3 r  108.3 r   108.3 r    99.3 r   100.9 r   98.2 r  100.0 r  145.5 r  104.8 r
     III     107.4 r   115.7 r  107.8 r   108.1 r    99.3 r   100.7 r   98.1 r   99.8 r  147.0 r  104.8 r
     II      107.9 r   115.6 r  107.1 r   108.2 r   100.0 r   100.3     97.5 r   99.4 r  148.0 r  104.5 r
     I       107.2 r   114.3 r  106.7 r   107.7 r    99.5 r   100.5 r   98.2 r   99.7 r  145.0 r  104.4 r

2012 ANNUAL  107.1 r   112.9 r  105.4     106.6 r    99.6 r    99.5 r   97.9 r   99.0 r  144.3 r  103.7  

2012 IV      107.5 r   113.9 r  105.9     108.2 r   100.3 r   100.6 r   97.5 r   99.6 r  145.7 r  104.4  
     III     106.5 r   112.3 r  105.5 r   106.1 r    99.0 r    99.7 r   98.3 r   99.2 r  144.1 r  103.9  
     II      107.5 r   113.0 r  105.1     106.2 r    99.5 r    98.8 r   97.8 r   98.4 r  146.2 r  103.4  
     I       107.1 r   112.3 r  104.9     106.1 r    99.7 r    99.1 r   97.8 r   98.7 r  141.1 r  103.1  
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                           August 8, 2014
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 -1.7 and 1.5 index points approximately 95 percent of the
time.  This interval is based on the performance of this measure between 
the fourth quarter of 1995 and the first quarter of 2014.

		      	      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 1978-2013 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: Productivity, hourly compensation, unit labor costs, and prices.

                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
             per hour               Hours      sation     sation      Unit      nonlabor   price
             of all                 of all     per hour   per hour    labor     payments   deflator
   Year      persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100
   2013       105.5 r     111.6 r    105.7 r    108.5 r     99.9 r    102.8 r    112.2 r    106.7 r
   2012       104.3 r     108.6 r    104.2 r    107.0 r     99.9 r    102.6 r    108.9 r    105.2 r
   2011       103.3 r     105.3 r    101.9 r    104.0 r     99.2 r    100.7 r    107.0 r    103.3 r
   2010       103.3 r     103.2 r     99.9      101.9 r    100.2 r     98.6 r    104.7 r    101.1 r

   2009       100.0       100.0      100.0      100.0      100.0      100.0      100.0      100.0  
   2008        96.8 r     104.2 r    107.7       99.0       98.6      102.2 r     96.3 r     99.8 r
   2007        96.0 r     105.5 r    109.8       96.4       99.8      100.4 r     95.2 r     98.2 r
   2006        94.6 r     103.3 r    109.1       92.3       98.2       97.6 r     93.9 r     96.0 r
   2005        93.7 r     100.1 r    106.8       88.8       97.6       94.8 r     91.6 r     93.5 r

   2004        91.8 r      96.5 r    105.1       85.8       97.4       93.4 r     86.8 r     90.7 r
   2003        88.9 r      92.3 r    103.8       82.0       95.6       92.1 r     83.7 r     88.6 r
   2002        85.6 r      89.5 r    104.5       79.0 r     94.1       92.2 r     80.7 r     87.4 r
   2001        82.1 r      87.9 r    107.0       77.3       93.6       94.1 r     76.7 r     86.8 r
   2000        79.9 r      87.3 r    109.3       73.9       92.0       92.4 r     75.3 r     85.3 r

   1999        77.3 r      83.6 r    108.1       68.8       88.6       89.1 r     76.3 r     83.7 r
   1998        74.7 r      79.2 r    106.0       65.9       86.6       88.3 r     75.9 r     83.1 r
   1997        72.4 r      75.3 r    103.9       62.3       82.9       85.9 r     78.1 r     82.7 r
   1996        71.1 r      71.5 r    100.6       60.1       81.8       84.5 r     77.3 r     81.5 r
   1995        69.0 r      68.3 r     99.0       57.7       80.6       83.5 r     75.7 r     80.2 r

   1994        68.8 r      66.2 r     96.3       56.6       80.9       82.2 r     74.2 r     78.9 r
   1993        68.2 r      63.2 r     92.6       56.0       81.9       82.1 r     71.1 r     77.5 r
   1992        68.1 r      61.4 r     90.1       55.2       82.7       81.0 r     68.4 r     75.7 r
   1991        65.2 r      58.9 r     90.3       52.1       80.0       79.9 r     67.1 r     74.5 r
   1990        64.1 r      59.3 r     92.5       49.7 r     79.1       77.6 r     65.4 r     72.5 r

   1989        62.7 r      58.3 r     93.1       46.7       77.9       74.5 r     64.2 r     70.2 r
   1988        62.0 r      56.2 r     90.7       45.3       78.9       73.1 r     60.2 r     67.7 r
   1987        61.0 r      53.9 r     88.2       43.0       77.7       70.5 r     58.9 r     65.6 r
   1986        60.7 r      52.0 r     85.7       41.4       77.4       68.3 r     58.9 r     64.3 r
   1985        59.0 r      50.2 r     85.0       39.2       74.6       66.5 r     59.3 r     63.5 r

   1984        57.7 r      48.0 r     83.1       37.3       73.4       64.7 r     57.7 r     61.7 r
   1983        56.2 r      44.1 r     78.5       35.8       73.2       63.6 r     55.0 r     60.0 r
   1982        54.2 r      41.8 r     77.1       34.2       73.0       63.1 r     50.9 r     58.0 r
   1981        54.6 r      43.1 r     78.9       31.9       72.1       58.4 r     49.9 r     54.8 r
   1980        53.4 r      41.9 r     78.4       29.1       72.2       54.5 r     44.2 r     50.2 r

   1979        53.4 r      42.3 r     79.1       26.3       72.4       49.2 r     41.8 r     46.1 r
   1978        53.4 r      40.8 r     76.5       24.0       72.3       44.9 r     39.2 r     42.5 r
   1977        52.8 r      38.4 r     72.7       22.1       71.4 r     41.9 r     36.8 r     39.7 r
   1976        51.9 r      36.3 r     70.1       20.5       70.4       39.5 r     34.8 r     37.5 r
   1975        50.2 r      34.0 r     67.8       19.0       68.9 r     37.8 r     32.7 r     35.6 r

   1974        48.5 r      34.4 r     70.9       17.1       68.0       35.3 r     28.6 r     32.5 r
   1973        49.3 r      34.9 r     70.7       15.7       69.0       31.7 r     26.6 r     29.6 r
   1972        47.9 r      32.7 r     68.1       14.5       67.9       30.3 r     25.1 r     28.1 r
   1971        46.4 r      30.7 r     66.1       13.7       66.0       29.4 r     24.0 r     27.2 r
   1970        44.6 r      29.5 r     66.3       12.9       65.0       28.9 r     22.2 r     26.1 r

   1969        43.7 r      29.6 r     67.6       12.0       63.9       27.4 r     21.7 r     25.0 r
   1968        43.5 r      28.7 r     65.9       11.2       63.0       25.7 r     21.4 r     23.9 r
   1967        42.0 r      27.3 r     64.9       10.4       60.9       24.7 r     20.6 r     23.0 r
   1966        41.1 r      26.7 r     65.1        9.8       59.4       23.9 r     20.3 r     22.4 r
   1965        39.5 r      25.0 r     63.5        9.2       57.2       23.3 r     19.8 r     21.9 r

   1964        38.1 r      23.4 r     61.4        8.9       56.0       23.3 r     19.1 r     21.5 r
   1963        36.8 r      22.0 r     59.7        8.6       54.7       23.2 r     18.6 r     21.3 r
   1962        35.5 r      21.0 r     59.3        8.3       53.5       23.3 r     18.2 r     21.2 r
   1961        33.9 r      19.7 r     58.2        7.9       51.8 r     23.3 r     17.7 r     21.0 r
   1960        32.7 r      19.3 r     59.1        7.6       50.3       23.3 r     17.4 r     20.8 r

   1959        32.2 r      19.0 r     59.0        7.3       49.1       22.7 r     17.6 r     20.6 r
   1958        31.0 r      17.6 r     56.6        7.0       47.6       22.6 r     17.2 r     20.4 r
   1957        30.2 r      17.9 r     59.3        6.7       46.8       22.3 r     16.8 r     20.0 r
   1956        29.2 r      17.6 r     60.2        6.3       45.4       21.6 r     16.3 r     19.4 r
   1955        29.2 r      17.3 r     59.3        5.9       43.3       20.3 r     16.6 r     18.8 r

   1954        28.0 r      16.0 r     57.1        5.8       42.0       20.7 r     15.6 r     18.5 r
   1953        27.4 r      16.2 r     59.1        5.6       41.0       20.5 r     15.6 r     18.4 r
   1952        26.4 r      15.4 r     58.4        5.3       38.9       20.0 r     16.0 r     18.3 r
   1951        25.6 r      14.9 r     58.3        5.0       37.3       19.4 r     16.3 r     18.1 r
   1950        24.8 r      14.0 r     56.4        4.5       36.7       18.2 r     14.8 r     16.8 r

   1949        23.0 r      12.8 r     55.7        4.2       34.8       18.4 r     14.1 r     16.6 r
   1948        22.5 r      12.9 r     57.5        4.2       33.9       18.6 r     14.3 r     16.8 r
   1947        21.5 r      12.3 r     57.1        3.8       33.7       17.9 r     12.9 r     15.8 r
 ----------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      August 8, 2014
 r=revised                                                         Source: Bureau of Labor Statistics



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

                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
             per hour               Hours      sation     sation      Unit      nonlabor   price
             of all                 of all     per hour   per hour    labor     payments   deflator
   Year      persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100
   2013       105.4 r     111.7 r    105.9 r    108.3 r     99.7 r    102.7 r    110.9 r    106.1 r
   2012       104.5 r     108.9 r    104.2 r    107.1 r    100.0 r    102.4 r    107.8 r    104.7 r
   2011       103.5 r     105.5 r    101.9 r    104.2 r     99.4 r    100.7 r    105.7 r    102.8 r
   2010       103.3 r     103.2 r     99.9 r    102.0 r    100.3 r     98.7 r    104.2 r    101.0 r

   2009       100.0       100.0      100.0      100.0      100.0      100.0      100.0      100.0  
   2008        96.9 r     104.4 r    107.8       98.9       98.6      102.1 r     95.8 r     99.4 r
   2007        96.2 r     105.8 r    110.0       96.3 r     99.6 r    100.1 r     94.9 r     97.9 r
   2006        94.7 r     103.4 r    109.3       92.3       98.2       97.5 r     93.9 r     96.0 r
   2005        93.8 r     100.2 r    106.9       88.8       97.6       94.7 r     91.5 r     93.4 r

   2004        91.9 r      96.6 r    105.1       85.7 r     97.3       93.3 r     86.2 r     90.3 r
   2003        89.1 r      92.5 r    103.7       82.0       95.6       92.0 r     83.5 r     88.5 r
   2002        86.0 r      89.7 r    104.3       79.0       94.2 r     91.9 r     80.9 r     87.3 r
   2001        82.4 r      88.1 r    106.9       77.3 r     93.6       93.8 r     76.6 r     86.6 r
   2000        80.2 r      87.5 r    109.0       74.0       92.2 r     92.3 r     75.3 r     85.2 r

   1999        77.7 r      83.8 r    107.9       68.9       88.7       88.8 r     76.3 r     83.6 r
   1998        75.2 r      79.4 r    105.6       66.2       87.0       88.0 r     75.5 r     82.8 r
   1997        73.0 r      75.4 r    103.3       62.5       83.3       85.7 r     77.5 r     82.3 r
   1996        71.8 r      71.7 r     99.8       60.4       82.3       84.2 r     76.4 r     80.9 r
   1995        69.9 r      68.6 r     98.1       58.1       81.1 r     83.0 r     75.3 r     79.8 r

   1994        69.4 r      66.3 r     95.4       56.9 r     81.5 r     82.0 r     73.5 r     78.5 r
   1993        68.8 r      63.3 r     92.1       56.2 r     82.2       81.8 r     70.4 r     77.0 r
   1992        68.7 r      61.4 r     89.4       55.6 r     83.2       80.9 r     67.5 r     75.3 r
   1991        65.9 r      59.0 r     89.6       52.4       80.5 r     79.6 r     66.3 r     74.1 r
   1990        64.7 r      59.4 r     91.8       49.9       79.4       77.2 r     64.4 r     71.8 r

   1989        63.4 r      58.5 r     92.2       47.0       78.5       74.1 r     63.1 r     69.5 r
   1988        62.8 r      56.4 r     89.8       45.7       79.5       72.6 r     59.3 r     67.1 r
   1987        61.8 r      54.0 r     87.2       43.4       78.5 r     70.2 r     57.9 r     65.1 r
   1986        61.5 r      52.1 r     84.7       41.8       78.1       68.0 r     58.0 r     63.8 r
   1985        59.7 r      50.2 r     84.0       39.6       75.2 r     66.3 r     58.3 r     62.9 r

   1984        58.8 r      48.1 r     81.9       37.7       74.2       64.2 r     56.3 r     60.9 r
   1983        57.5 r      44.4 r     77.2       36.2 r     74.0       62.9 r     54.2 r     59.2 r
   1982        55.1 r      41.7 r     75.7       34.6 r     73.8       62.8 r     49.8 r     57.4 r
   1981        55.7 r      43.1 r     77.4       32.3       73.0 r     58.0 r     48.4 r     54.0 r
   1980        54.8 r      42.1 r     76.8       29.4       72.9       53.7 r     43.1 r     49.3 r

   1979        54.8 r      42.5 r     77.5       26.6       73.1       48.5 r     40.2 r     45.0 r
   1978        55.0 r      41.1 r     74.8       24.2       73.2       44.1 r     37.8 r     41.5 r
   1977        54.2 r      38.6 r     71.1       22.3       72.1       41.2 r     35.8 r     38.9 r
   1976        53.3 r      36.5 r     68.4       20.6       71.0       38.7 r     33.7 r     36.6 r
   1975        51.6 r      34.1 r     66.0       19.2       69.7       37.2 r     31.3 r     34.7 r

   1974        50.2 r      34.6 r     69.0       17.3       68.8       34.5 r     27.0 r     31.4 r
   1973        51.0 r      35.2 r     68.9       15.8       69.8       31.0 r     24.8 r     28.4 r
   1972        49.5 r      32.8 r     66.2       14.7       68.9 r     29.7 r     24.3 r     27.4 r
   1971        47.9 r      30.7 r     64.1       13.8       66.8 r     28.9 r     23.5 r     26.6 r
   1970        46.1 r      29.6 r     64.3       13.0       65.7       28.3 r     21.7 r     25.5 r

   1969        45.4 r      29.7 r     65.3       12.2       64.9       26.8 r     21.1 r     24.4 r
   1968        45.3 r      28.8 r     63.5       11.4       64.1       25.1 r     21.0 r     23.4 r
   1967        43.8 r      27.3 r     62.4       10.6       62.1       24.2 r     20.2 r     22.5 r
   1966        43.0 r      26.8 r     62.4       10.0       60.5       23.3 r     19.8 r     21.8 r
   1965        41.5 r      25.0 r     60.3        9.5       58.7       22.8 r     19.4 r     21.4 r

   1964        40.2 r      23.3 r     58.0        9.2       57.8       22.8 r     18.7 r     21.1 r
   1963        39.1 r      21.9 r     56.0        8.9       56.7       22.7 r     18.2 r     20.8 r
   1962        37.8 r      20.9 r     55.4        8.6 r     55.6       22.7 r     17.8 r     20.7 r
   1961        36.1 r      19.6 r     54.2        8.2       54.0       22.8 r     17.2 r     20.5 r
   1960        35.0 r      19.2 r     54.8        8.0       52.8       22.8 r     16.8 r     20.3 r

   1959        34.6 r      18.8 r     54.4        7.7       51.5 r     22.1 r     17.2 r     20.1 r
   1958        33.4 r      17.4 r     52.0        7.4       49.9       22.1 r     16.6 r     19.8 r
   1957        32.7 r      17.7 r     54.3        7.1       49.4       21.7 r     16.4 r     19.5 r
   1956        31.8 r      17.4 r     54.6        6.7       48.2 r     21.0 r     15.8 r     18.9 r
   1955        32.0 r      17.1 r     53.3        6.3       46.1 r     19.7 r     16.2 r     18.2 r

   1954        30.7 r      15.7 r     51.2        6.1       44.3       19.8 r     15.2 r     17.9 r
   1953        30.1 r      16.0 r     53.0        5.9       43.3       19.6 r     15.2 r     17.8 r
   1952        29.4 r      15.2 r     51.7        5.6       41.3       19.0 r     15.2 r     17.4 r
   1951        28.8 r      14.8 r     51.2        5.3       39.9       18.4 r     15.2 r     17.1 r
   1950        28.1 r      13.7 r     48.9        4.9       39.6 r     17.3 r     14.2 r     16.0 r

   1949        26.4 r      12.5 r     47.3        4.6       37.8       17.5 r     13.6 r     15.8 r
   1948        25.6 r      12.6 r     49.2        4.5 r     36.3       17.5 r     13.2 r     15.7 r
   1947        24.9 r      12.1 r     48.5        4.1       36.1       16.5 r     12.2 r     14.7 r
 ----------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      August 8, 2014
 r=revised                                                         Source: Bureau of Labor Statistics



Appendix table 3.
 Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
 and prices.

                                                     Real               Unit
             Output                        Hourly    hourly             non-      Total    Unit   Implicit
             per all-                      compen-   compen-   Unit     labor     unit     pro-   price
             employee           Employee   sation    sation    labor    costs     cost     fits   deflator
   Year      hour      Output   hours       (1)       (2)      costs     (6)      (7)      (8)      (4)
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2009=100
   2013       107.5 r   115.5 r  107.5 r   108.1 r    99.5 r   100.6 r   98.0 r   99.7 r  146.4 r  104.6 r
   2012       107.1 r   112.9 r  105.4     106.6 r    99.6 r    99.5 r   97.9 r   99.0 r  144.3 r  103.7  
   2011       105.1 r   108.2 r  103.0 r   103.7 r    98.9 r    98.6 r   98.6 r   98.6 r  133.7 r  102.3  
   2010       105.3 r   105.5 r  100.2     101.5 r    99.9 r    96.4 r   96.8 r   96.5 r  129.7 r  100.0  

   2009       100.0     100.0    100.0     100.0     100.0     100.0    100.0    100.0    100.0    100.0  
   2008        99.3 r   107.6 r  108.4      98.3      97.9      99.0 r   94.3 r   97.5 r  105.3 r   98.3 r
   2007        98.9 r   109.0 r  110.2      95.5      98.8      96.6 r   88.6 r   93.9 r  116.8 r   96.3  
   2006        98.4 r   108.0 r  109.8      92.0      97.9      93.5 r   83.2 r   90.1 r  130.9 r   94.4  
   2005        96.6 r   104.0 r  107.7      89.3      98.1      92.5 r   81.1 r   88.7 r  116.7 r   91.6 r

   2004        94.8 r   100.6 r  106.2      86.6      98.4      91.4 r   77.6 r   86.8 r  102.7 r   88.5  
   2003        91.6 r    96.3 r  105.2      83.6      97.5      91.3 r   78.1 r   86.9 r   84.4 r   86.6  
   2002        88.1 r    94.3 r  107.0      81.0      96.5      91.9 r   79.0 r   87.6 r   69.2 r   85.7  
   2001        84.7 r    93.5 r  110.3      79.5      96.3      93.8 r   78.4 r   88.7 r   56.9 r   85.3  
   2000        84.2 r    95.5 r  113.4      77.6      96.6      92.1 r   73.2 r   85.8 r   70.0 r   84.2 r

   1999        80.8 r    90.5 r  112.0      72.3      93.1      89.4 r   70.7 r   83.2 r   84.1 r   83.2 r
   1998        78.4 r    85.9 r  109.5      69.1      90.8      88.1 r   69.3 r   81.8 r   90.5 r   82.7  
   1997        75.8 r    81.2 r  107.1      65.3      87.1      86.2 r   69.1 r   80.5 r  101.7 r   82.7  
   1996        73.8 r    76.2 r  103.2      63.2      86.0      85.7 r   69.5 r   80.2 r   99.2 r   82.2  
   1995        70.9 r    71.9 r  101.4      60.9      85.1      85.8 r   70.3 r   80.6 r   92.5 r   81.9  

   1994        70.1 r    68.6 r   97.9      59.9      85.8      85.5 r   70.0 r   80.3 r   87.4 r   81.1  
   1993        68.9 r    64.7 r   93.9      59.2      86.5      85.9 r   69.7 r   80.5 r   73.1 r   79.7  
   1992        68.8 r    63.1 r   91.7      58.4      87.5      84.8 r   69.7 r   79.8 r   63.0 r   78.0 r
   1991        67.1 r    61.2 r   91.3      55.5      85.2      82.7 r   71.1 r   78.8 r   60.8 r   76.9 r
   1990        65.5 r    61.6 r   94.0      53.0      84.4      81.0 r   68.2 r   76.7 r   59.3 r   74.9 r

   1989        64.8 r    60.7 r   93.6      50.5      84.4      78.0 r   65.2 r   73.7 r   62.9 r   72.6  
   1988        65.5 r    59.5 r   90.8      49.1      85.6      75.0 r   61.7 r   70.6 r   68.9 r   70.4  
   1987        63.7 r    56.1 r   88.1      46.8      84.6      73.5 r   60.6 r   69.2 r   64.4 r   68.7  
   1986        62.4 r    53.3 r   85.4      45.2      84.4      72.5 r   60.1 r   68.3 r   60.2 r   67.5 r
   1985        61.0 r    51.9 r   85.1      42.8      81.4      70.2 r   57.1 r   65.8 r   72.7 r   66.5  

   1984        59.6 r    49.6 r   83.2      40.8      80.2      68.4 r   55.8 r   64.2 r   75.5 r   65.4 r
   1983        58.3 r    45.6 r   78.2      39.1      80.0      67.1 r   56.1 r   63.4 r   64.4 r   63.5 r
   1982        56.3 r    43.4 r   77.1      37.5      80.1      66.6 r   55.8 r   63.0 r   55.6 r   62.2  
   1981        56.1 r    44.4 r   79.2      35.2      79.7      62.8 r   50.3 r   58.6 r   59.6 r   58.7 r
   1980        54.7 r    42.7 r   78.1      32.3      80.0      59.1 r   44.3 r   54.1 r   50.8 r   53.8  

   1979        54.8 r    43.1 r   78.6      29.3      80.7      53.5 r   37.7 r   48.2 r   56.2 r   49.1  
   1978        55.2 r    41.8 r   75.6      26.8      81.0      48.6 r   34.9 r   44.0 r   58.6 r   45.5  
   1977        54.5 r    39.2 r   71.9      24.6      79.5      45.1 r   33.4 r   41.2 r   55.1 r   42.7  
   1976        53.1 r    36.5 r   68.7      22.8      78.3      42.9 r   32.2 r   39.3     50.7 r   40.5 r
   1975        51.4 r    33.8 r   65.7      21.2      77.1      41.2 r   32.5 r   38.3 r   43.0 r   38.8  

   1974        49.5 r    34.2 r   69.2      19.2      76.2      38.8 r   28.4 r   35.3 r   35.6 r   35.3  
   1973        50.5 r    34.8 r   68.9      17.6      77.4      34.8 r   24.7 r   31.5 r   39.0 r   32.2 r
   1972        50.0 r    32.8 r   65.6      16.4      76.8      32.8 r   23.4 r   29.7 r   37.5 r   30.5  
   1971        49.0 r    30.5 r   62.2      15.6      75.3      31.8 r   23.4 r   29.0 r   34.4 r   29.6  
   1970        47.1 r    29.3 r   62.3      14.7      74.2      31.2 r   22.3 r   28.3 r   30.3 r   28.5  

   1969        46.8 r    29.6 r   63.2      13.8      73.5      29.5 r   19.8 r   26.2 r   36.9 r   27.3  
   1968        46.7 r    28.4 r   60.9      12.9      72.5      27.6 r   18.3 r   24.5 r   40.8 r   26.2  
   1967        45.1 r    26.7 r   59.2      12.0      70.4      26.7 r   17.2 r   23.5     40.7 r   25.3  
   1966        44.3 r    26.0 r   58.6      11.4      68.8      25.7 r   16.2 r   22.5 r   43.5 r   24.7  
   1965        43.4 r    24.2 r   55.7      10.8      67.0      24.8 r   16.1 r   21.9 r   43.5 r   24.2  

   1964        42.3 r    22.3 r   52.7      10.5      66.2      24.8 r   16.2 r   21.9 r   40.3 r   23.8  
   1963        41.7 r    20.8 r   50.0      10.3      65.8      24.7 r   16.2 r   21.8 r   39.0 r   23.6  
   1962        40.2 r    19.6 r   48.8      10.0      64.7      24.8 r   16.3 r   22.0     36.8 r   23.5 r
   1961        38.5 r    18.1 r   47.0       9.6      62.8      24.9 r   16.5 r   22.1 r   34.2 r   23.4  
   1960        37.3 r    17.7 r   47.4       9.3      61.5      25.0 r   16.2 r   22.0 r   34.2 r   23.3 r

   1959        36.6 r    17.1 r   46.7       9.0      60.2      24.4 r   15.8 r   21.5 r   37.1 r   23.2  
   1958        34.9 r    15.4 r   44.0       8.6      58.4      24.7 r   16.4 r   21.9     31.9 r   23.0  
   1957        34.2 r    16.0 r   46.7       8.3      57.8      24.3 r   15.0 r   21.2     35.2 r   22.6  
   1956        33.5 r    15.8 r   47.1       7.8      56.3      23.4 r   13.9 r   20.2     36.6 r   21.9  
   1955        33.3 r    15.2 r   45.8       7.4      53.8      22.1 r   13.0 r   19.1 r   39.1 r   21.2 r

   1954        31.4 r    13.6 r   43.3       7.1      51.7      22.6 r   13.4 r   19.6     33.5 r   21.0  
   1953        30.1 r    13.7 r   45.7       6.9      50.3      22.8 r   13.1 r   19.6     34.4 r   21.1 r
   1952        28.9 r    12.8 r   44.3       6.5      48.1      22.5 r   13.1 r   19.4     36.6 r   21.2  
   1951        28.2 r    12.3 r   43.6       6.2      46.3      21.8 r   12.6 r   18.7 r   40.7 r   21.0 r
   1950        28.5 r    11.7 r   41.0       5.6      45.8      19.8 r   12.0 r   17.2     37.9 r   19.3 r

   1949        26.5 r    10.3 r   38.9       5.3      43.8      20.1 r   12.5 r   17.6 r   33.5 r   19.2 r
   1948        25.2 r    10.4 r   41.4       5.2      41.9      20.5 r   11.7 r   17.6 r   36.9 r   19.6 r
   1947        23.6 r     9.7 r   41.0       4.7      41.2      19.9 r   11.1 r   17.0     30.8 r   18.4  
 ----------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                            August 8, 2014
 r=revised                                                               Source: Bureau of Labor Statistics

Last Modified Date: August 08, 2014