Transmission of material in this release is embargoed until USDL-12-0815
8:30 a.m. (EDT) Thursday, May 3, 2012
Technical information: (202) 691-5606 dprweb@bls.gov www.bls.gov/lpc
Media contact: (202) 691-5902 PressOffice@bls.gov
PRODUCTIVITY AND COSTS
First Quarter 2012, Preliminary
Nonfarm business sector labor productivity decreased at a 0.5 percent annual
rate during the first quarter of 2012, the U.S. Bureau of Labor Statistics
reported today. The decline in productivity reflects increases of 2.7 percent
in output and 3.2 percent in hours worked. (All quarterly percent changes in
this release are seasonally adjusted annual rates.) From the first quarter of
2011 to the first quarter of 2012, productivity increased 0.5 percent as
output and hours worked rose 2.8 percent and 2.2 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 nonfarm businesses increased 2.0 percent in the first
quarter of 2012, while hourly compensation increased 1.5 percent. Unit labor
costs rose 2.1 percent over the last four quarters. (See table A.)
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 rose 5.9 percent in the first quarter of
2012, as output grew 10.8 percent and hours worked increased 4.6 percent.
The increases in productivity and output were the largest since the second
quarter of 2010. Over the last four quarters, manufacturing sector
productivity increased 2.5 percent. Unit labor costs in manufacturing fell
4.2 percent in the first quarter of 2012 and decreased 1.3 percent from
the same quarter a year ago. (See tables A and 3.)
Preliminary fourth quarter and annual 2011 measures were announced today
for the nonfinancial corporate sector. Productivity increased 3.7 percent
in the fourth quarter of 2011, as output grew faster than hours worked.
Annual average productivity for the nonfinancial corporate sector
increased 0.4 percent in 2011. (See tables C and 6.)
The concepts, sources, and methods used for the manufacturing and nonfinancial
corporate 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
Revised measures of real hourly compensation for all sectors for 2007 onward
reflect revisions in the consumer price series based on new and revised data
from the BLS Office of Prices and Living Conditions. Output data measures for
the manufacturing sector incorporate historically revised indexes of
industrial production published by the Board of Governors of the Federal
Reserve System on March 30. Accordingly, manufacturing output, productivity,
and unit labor cost measures were revised back to 1987. (See appendix tables
1-3.) Full historical annual and quarterly measures are available on the labor
productivity and costs home page: http://www.bls.gov/lpc/#data.
In the fourth quarter of 2011, nonfarm business productivity growth was 1.2
percent, an upward revision due solely to a downward revision to hours worked.
Unit labor costs rose 2.7 percent, slightly less than previously reported.
Manufacturing productivity rose 0.6 percent in the fourth quarter, rather
than declining, reflecting an upward revision to output combined with a slight
downward revision to hours worked. (See table B.)
Annual Average measures of productivity and unit labor costs for the nonfarm
business sector increased at the same rates from 2010 to 2011 as previously
reported. In the manufacturing sector, productivity increased 2.5 percent,
slightly less than reported March 7, as output was revised down.(See table B.)
_____________
The revised Productivity and Costs news release for first-quarter 2012 is
scheduled to be released Wednesday, June 6, 2012 at 8:30 a.m. (EDT).
======================================================================================================
Table A. Preliminary first-quarter 2012 measures: percent change from previous quarter at annual rate
(Q to Q) and from same quarter a year ago (Y to Y)
Sector Nonfarm Durable Nondurable
Business Business Manufacturing Manufacturing Manufacturing
Q to Q Y to Y Q to Q Y to Y Q to Q Y to Y Q to Q Y to Y Q to Q Y to Y
------------------------------------------------------------------------------------------------------
Productivity -0.5 0.5 -0.6 0.5 5.9 2.5 10.2 4.2 1.4 1.2
Output 2.7 2.8 2.7 2.7 10.8 5.5 15.6 8.3 5.7 2.4
Hours 3.2 2.2 3.3 2.2 4.6 2.9 4.9 4.0 4.2 1.3
Hourly
compensation 1.5 2.6 1.4 2.6 1.5 1.1 0.7 0.2 2.8 2.6
Real hourly
compensation -0.9 -0.2 -1.1 -0.2 -1.0 -1.7 -1.7 -2.5 0.4 -0.2
Unit labor
costs 2.0 2.1 2.0 2.2 -4.2 -1.3 -8.6 -3.8 1.4 1.4
======================================================================================================
Table B. Revised and previous measures: fourth quarter and annual averages 2011
Sector Nonfarm Durable Nondurable
Business Business Manufacturing Manufacturing Manufacturing
Revised Previous Revised Previous Revised Previous Revised Previous Revised Previous
------------------------------------------------------------------------------------------------------
Percent change, annual rate, fourth quarter 2011
Productivity 1.2 0.9 1.2 1.0 0.6 -0.1 1.6 0.8 0.9 0.5
Output 3.7 3.7 3.7 3.7 5.4 4.8 9.1 8.5 1.5 1.2
Hours 2.4 2.7 2.5 2.8 4.8 4.9 7.5 7.6 0.5 0.7
Hourly
compensation 3.9 3.7 4.0 3.8 1.9 1.9 0.8 0.6 3.4 3.8
Real hourly
compensation 2.6 2.8 2.7 2.8 0.6 1.0 -0.5 -0.3 2.0 2.8
Unit labor
costs 2.7 2.8 2.8 2.8 1.3 2.0 -0.8 -0.2 2.4 3.3
------------------------------------------------------------------------------------------------------
Percent change, annual average 2011
Productivity 0.4 0.4 0.2 0.2 2.5 2.6 3.7 4.1 2.1 2.1
Output 2.4 2.4 2.2 2.2 4.8 4.9 7.7 8.2 1.7 1.7
Hours 1.9 2.0 1.9 2.0 2.2 2.2 3.9 3.9 -0.4 -0.4
Hourly
compensation 2.5 2.5 2.5 2.5 1.8 1.8 1.4 1.4 2.3 2.3
Real hourly
compensation -0.6 -0.7 -0.6 -0.7 -1.3 -1.3 -1.7 -1.7 -0.8 -0.9
Unit labor
costs 2.0 2.0 2.3 2.3 -0.6 -0.8 -2.2 -2.6 0.2 0.2
======================================================================================================
Table C. Nonfinancial corporations: preliminary fourth-quarter and annual averages 2011 productivity
and cost measures
Real
Hourly hourly Unit Implicit
Produc- compen- compen- labor Unit price
tivity Output Hours sation sation costs profits deflator
------------------------------------------------------------------------------------------------------
Percent change, annual rate, fourth quarter 2011
Q to Q 3.7 5.9 2.2 3.3 2.0 -0.4 4.6 -0.3
Y to Y 2.1 4.7 2.5 3.2 -0.1 1.0 10.0 1.8
Percent change, annual average 2011
2011 0.4 3.0 2.6 2.2 -1.0 1.8 9.0 2.1
======================================================================================================
TECHNICAL NOTES
Labor Hours: Hours data for the labor productivity and cost measures
include hours for all persons working in the sector—wage and salary
workers, the self-employed and unpaid family workers. The primary source
of hours and employment data is the BLS Current Employment Statistics
(CES) program, which provides monthly survey data on the number of jobs
held by wage and salary workers in nonfarm establishments. The CES also
provides average weekly paid hours of production and nonsupervisory
workers in these establishments. Weekly paid hours are adjusted to hours
at work using data from the National Compensation Survey (NCS). The BLS
Hours at Work survey, conducted for this purpose, was used for earlier
years. The Office of Productivity and Technology estimates average weekly
hours at work for nonproduction and supervisory workers using information
from the Current Population Survey (CPS), the CES, and the NCS.
Data from the CPS are used for farm labor, nonfarm proprietors, and
nonfarm unpaid family workers. Estimates of labor input for government
enterprises are derived from the CPS, the CES, and the National Income and
Product Accounts (NIPA) prepared by the Bureau of Economic Analysis (BEA)
of the Department of Commerce.
The CES measures jobs, counting a person who is employed by two or
more establishments at each place of employment. In contrast, the CPS
features measures of employment that count each person only once and
classify each person according to his or her primary job; hours worked at
all jobs by that person accrue to his or her primary job. However, the CPS
also collects more detailed information on employment and hours worked at
primary jobs and all other jobs, separately. The BLS productivity measures
use the more detailed information on employment and hours to assign all
hours worked to the correct industrial sector and avoid duplicating hours
data from the CES.
Output: Business sector output is a chain-type, current-weighted index
constructed after excluding from gross domestic product (GDP) the
following outputs: general government, nonprofit institutions, and private
households (including owner-occupied housing). Corresponding exclusions
also are made in labor inputs. Business output accounted for about 75
percent of the value of GDP in 2011. Nonfarm business, which excludes
farming, accounted for about 74 percent of GDP in 2011.
Annual indexes for manufacturing and its durable and nondurable goods
components are constructed by deflating current-dollar industry value of
production data from the U.S. Bureau of the Census with deflators from the
BLS. These deflators are based on data from the BLS producer price program
and other sources. The industry shipments are aggregated using annual
weights, and intrasector transactions are removed. Quarterly manufacturing
output measures are based on the index of industrial production prepared
monthly by the Board of Governors of the Federal Reserve System, adjusted
to be consistent with annual indexes of manufacturing sector output
prepared by BLS. Durables include the following 3-digit NAICS industries:
wood product manufacturing; nonmetallic mineral product manufacturing;
primary metal manufacturing; fabricated metal product manufacturing;
machinery manufacturing; computer and electronic product manufacturing;
electrical equipment and appliance manufacturing; transportation equipment
manufacturing; furniture and related product manufacturing; and
miscellaneous manufacturing. Nondurables include: food manufacturing;
beverage and tobacco product manufacturing; textile mills; textile product
mills; apparel manufacturing; leather and allied product manufacturing;
paper manufacturing; printing and related support activities; petroleum
and coal products manufacturing; chemical manufacturing; and plastics and
rubber products manufacturing.
Nonfinancial corporate output is a chain-type, current-weighted index
calculated on the basis of the costs incurred and the incomes earned from
production. The output measure excludes the following outputs from GDP:
general government; nonprofit institutions; private households;
unincorporated business; and those corporations classified as offices of
bank holding companies, offices of other holding companies, or offices in
the finance and insurance sector. Nonfinancial corporations accounted for
about 48 percent of the value of GDP in 2011.
Productivity: These productivity measures describe the relationship
between real output and the labor time involved in its production. They
show the changes from period to period in the amount of goods and services
produced per hour. Although these measures relate output to hours at work
of all persons engaged in a sector, they do not measure the specific
contribution of labor, capital, or any other factor of production. Rather,
they reflect the joint effects of many influences, including changes in
technology; capital investment; level of output; utilization of capacity,
energy, and materials; the organization of production; managerial skill;
and the characteristics and effort of the work force.
Labor Compensation: The measure includes accrued wages and salaries,
supplements, employer contributions to employee benefit plans, and taxes.
Estimates of labor compensation by major sector, required for measures of
hourly compensation and unit labor costs, are based primarily on employee
compensation data from the NIPA, prepared by the BEA. The compensation of
employees in general government, nonprofit institutions and private
households are subtracted from compensation of domestic employees to
derive employee compensation for the business sector. The labor
compensation of proprietors cannot be explicitly identified and must be
estimated. This is done by assuming that proprietors have the same hourly
compensation as employees in the same sector. The quarterly labor
productivity and cost measures do not contain estimates of compensation
for unpaid family workers.
Unit Labor Costs: The measures of unit labor costs in this release
describe the relationship between compensation per hour and productivity,
or real output per hour, and can be used as an indicator of inflationary
pressure on producers. Increases in hourly compensation increase unit
labor costs; labor productivity increases offset compensation increases
and lower unit labor costs.
Presentation of the data: The quarterly data in this release are presented
in three ways: as percent changes from the previous quarter presented at a
compound annual rate, as percent changes from the corresponding quarter of
the previous year, and as index number series where 2005=100. Annual data
are presented both as index number series and percent changes from the
previous year.
The index numbers and rates of change reported in the productivity
and costs news release are rounded to one decimal place. All percent
changes in this release and on the BLS web site are calculated using index
numbers to three decimal places. These index numbers are available at the
BLS web site, www.bls.gov/data/home.htm, or by contacting the BLS Division
of Major Sector Productivity. (Telephone 202-691-5606 or email
DPRWEB@BLS.GOV)
Information in this release will be made available to sensory-impaired
individuals upon request. Voice phone: 202-691-5606; Federal Relay Service
number: 1-800-877-8339.
Table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
Real
Output Compen- compen- Unit Implicit
Year per hour Hours sation sation Unit nonlabor price
and of all of all per hour per hour labor payments deflator
quarter persons Output persons (1) (2) costs (3) (4)
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2012 I -0.6 2.7 3.3 1.4 -1.1 2.0 0.3 1.3
2011 ANNUAL 0.2 2.2 1.9 r 2.5 -0.6 r 2.3 2.7 2.5
2011 IV 1.2 r 3.7 2.5 r 4.0 r 2.7 r 2.8 -2.5 0.5
III 1.5 2.7 1.2 5.3 2.1 r 3.8 0.9 2.6
II -0.1 1.7 1.8 -0.1 -4.3 r 0.1 6.8 2.9
I -1.8 0.3 2.1 4.9 0.4 r 6.8 -2.1 2.9
2010 ANNUAL 4.0 3.9 0.0 1.9 0.3 -2.0 6.1 1.3
2010 IV 1.3 3.2 1.9 -0.1 -3.0 r -1.3 7.3 2.2
III 2.3 3.7 1.4 1.9 0.4 -0.4 3.2 1.1
II 1.2 4.7 3.5 2.5 2.8 r 1.3 2.8 1.9
I 4.2 5.1 0.9 1.1 0.2 r -2.9 9.1 1.8
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2012 I 0.5 2.7 2.2 2.6 -0.2 2.2 1.3 1.8
2011 ANNUAL 0.2 2.2 1.9 r 2.5 -0.6 r 2.3 2.7 2.5
2011 IV 0.2 r 2.1 1.9 r 3.5 0.2 r 3.3 0.7 2.2
III 0.2 2.0 1.8 2.5 -1.2 2.3 3.1 2.6
II 0.4 2.2 1.8 1.6 -1.6 r 1.2 3.7 2.3
I 0.7 3.0 2.2 2.3 0.1 1.5 2.8 2.0
2010 ANNUAL 4.0 3.9 0.0 1.9 0.3 -2.0 6.1 1.3
2010 IV 2.2 4.2 1.9 1.3 0.1 -0.9 5.6 1.8
III 3.2 4.6 1.4 1.6 0.4 -1.5 6.0 1.5
II 4.3 4.1 -0.2 1.8 0.0 -2.4 7.0 1.3
I 6.1 2.7 -3.3 2.9 0.5 -3.1 6.0 0.5
---------------------------------------------------------------------------------------------------
Indexes 2005=100
2012 I 110.6 106.8 96.6 120.6 103.1 109.1 119.5 113.2
2011 ANNUAL 110.1 r 104.7 r 95.1 r 118.5 r 102.9 r 107.6 r 119.5 r 112.3 r
2011 IV 110.7 r 106.1 r 95.8 r 120.2 r 103.4 r 108.5 r 119.4 r 112.8 r
III 110.4 105.1 95.2 119.0 102.7 r 107.8 120.1 112.7
II 110.0 104.4 94.9 117.5 102.2 r 106.8 119.9 111.9
I 110.1 104.0 94.5 117.5 103.3 r 106.8 117.9 111.2
2010 ANNUAL 109.9 102.5 93.3 115.7 103.6 105.2 116.3 109.6
2010 IV 110.5 103.9 94.0 116.1 103.2 r 105.0 118.5 110.4
III 110.2 103.1 93.5 116.1 104.0 105.4 116.5 109.7
II 109.6 102.1 93.2 115.6 103.9 105.5 115.5 109.4
I 109.3 101.0 92.4 114.9 103.1 r 105.1 114.7 108.9
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
Real
Output Compen- compen- Unit Implicit
Year per hour Hours sation sation Unit nonlabor price
and of all of all per hour per hour labor payments deflator
quarter persons Output persons (1) (2) costs (3) (4)
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2012 I -0.5 2.7 3.2 1.5 -0.9 2.0 0.4 1.3
2011 ANNUAL 0.4 2.4 1.9 r 2.5 -0.6 r 2.0 2.2 2.1
2011 IV 1.2 r 3.7 2.4 r 3.9 r 2.6 r 2.7 r -1.9 0.8
III 1.8 2.8 1.0 5.7 2.5 r 3.9 0.5 2.5
II -0.3 1.8 2.2 -0.5 -4.7 r -0.1 6.7 2.7
I -1.0 0.9 1.9 5.1 0.5 r 6.2 -3.1 2.2
2010 ANNUAL 4.0 4.0 0.0 1.9 0.3 -2.0 5.7 1.1
2010 IV 1.8 3.8 1.9 0.1 -2.8 r -1.7 6.5 1.7
III 1.8 3.5 1.7 1.6 0.2 -0.2 2.0 0.7
II 1.2 4.6 3.3 2.6 3.0 r 1.4 3.0 2.0
I 4.5 5.2 0.6 1.3 0.4 r -3.1 8.8 1.6
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2012 I 0.5 2.8 2.2 2.6 -0.2 2.1 1.4 1.8
2011 ANNUAL 0.4 2.4 1.9 r 2.5 -0.6 r 2.0 2.2 2.1
2011 IV 0.4 r 2.3 1.9 3.5 0.2 3.1 0.5 2.0
III 0.5 2.3 1.8 2.6 -1.2 2.0 2.6 2.2
II 0.6 2.5 1.9 1.6 -1.7 1.0 2.9 1.8
I 0.9 3.2 2.2 2.3 0.2 r 1.4 2.0 1.7
2010 ANNUAL 4.0 4.0 0.0 1.9 0.3 -2.0 5.7 1.1
2010 IV 2.3 4.3 1.9 1.4 0.2 -0.9 5.0 1.5
III 3.2 4.7 1.5 1.6 0.4 -1.5 5.4 1.2
II 4.4 4.2 -0.2 1.8 0.0 -2.5 6.9 1.2
I 6.1 2.7 -3.2 2.9 0.5 -3.1 5.7 0.4
---------------------------------------------------------------------------------------------------
Indexes 2005=100
2012 I 110.8 106.9 96.5 120.7 103.2 109.0 118.7 112.8
2011 ANNUAL 110.2 r 104.8 r 95.1 r 118.6 r 102.9 r 107.5 r 118.6 r 111.9 r
2011 IV 110.9 r 106.2 r 95.8 r 120.2 r 103.4 r 108.4 r 118.6 r 112.4 r
III 110.6 105.2 95.2 119.1 102.7 r 107.7 119.1 112.2
II 110.1 104.5 94.9 117.4 102.1 r 106.7 119.0 111.5
I 110.2 104.0 94.4 117.6 103.3 r 106.7 117.1 110.8
2010 ANNUAL 109.8 102.4 93.3 115.7 103.6 105.4 116.1 109.6
2010 IV 110.5 103.8 94.0 116.1 103.2 r 105.1 118.0 110.2
III 110.0 102.9 93.5 116.1 103.9 105.6 116.2 109.7
II 109.5 102.0 93.1 115.6 103.9 105.6 115.6 109.5
I 109.1 100.8 92.4 114.9 103.1 r 105.3 114.7 109.0
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Output Compen- compen-
Year per hour Hours sation sation Unit
and of all of all per hour per hour labor
quarter persons Output persons (1) (2) costs
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2012 I 5.9 10.8 4.6 1.5 -1.0 -4.2
2011 ANNUAL 2.5 r 4.8 r 2.2 1.8 -1.3 -0.6 r
2011 IV 0.6 r 5.4 r 4.8 r 1.9 0.6 r 1.3 r
III 5.5 r 5.2 r -0.3 3.2 0.1 r -2.2 r
II -1.9 r 0.7 r 2.7 -2.1 -6.2 r -0.1 r
I 3.0 r 6.8 r 3.7 3.8 -0.7 r 0.8 r
2010 ANNUAL 6.6 r 6.6 r 0.0 1.6 -0.1 -4.7 r
2010 IV 3.9 r 3.1 r -0.8 2.0 -0.9 r -1.8 r
III 1.6 5.6 4.0 1.1 -0.3 -0.5
II 8.3 r 11.9 r 3.3 4.3 4.6 r -3.7 r
I 4.9 r 8.0 r 2.9 -2.6 -3.5 r -7.2 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2012 I 2.5 5.5 2.9 1.1 -1.7 -1.3
2011 ANNUAL 2.5 r 4.8 r 2.2 1.8 -1.3 -0.6 r
2011 IV 1.7 4.5 2.7 1.7 -1.6 -0.1 r
III 2.6 r 3.9 r 1.3 1.7 -2.0 -0.8 r
II 1.6 r 4.0 r 2.4 1.2 -2.1 -0.4 r
I 4.2 r 6.8 r 2.5 2.8 0.6 -1.3 r
2010 ANNUAL 6.6 r 6.6 r 0.0 1.6 -0.1 -4.7 r
2010 IV 4.7 r 7.1 r 2.3 1.2 -0.1 r -3.3 r
III 5.4 r 8.0 r 2.4 1.3 0.1 -3.9 r
II 8.3 r 8.5 r 0.2 1.3 -0.4 -6.4 r
I 8.0 r 2.8 r -4.8 2.4 0.0 -5.2 r
---------------------------------------------------------------------------------------------------
Indexes 2005=100
2012 I 117.1 101.1 86.4 119.9 102.5 102.4
2011 ANNUAL 114.6 r 97.0 r 84.6 r 118.8 r 103.1 r 103.6 r
2011 IV 115.4 r 98.6 r 85.4 r 119.5 r 102.8 r 103.5 r
III 115.2 r 97.3 r 84.4 118.9 102.6 r 103.2 r
II 113.7 r 96.1 r 84.5 118.0 102.6 r 103.8 r
I 114.2 r 95.9 r 83.9 118.6 104.3 r 103.8 r
2010 ANNUAL 111.8 r 92.5 r 82.7 116.6 104.4 104.3 r
2010 IV 113.4 r 94.3 r 83.2 117.5 104.5 r 103.6 r
III 112.3 r 93.6 r 83.3 116.9 104.7 104.1 r
II 111.9 r 92.3 r 82.5 116.6 104.8 104.2 r
I 109.7 r 89.8 r 81.9 115.4 103.6 r 105.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Output Compen- compen-
Year per hour Hours sation sation Unit
and of all of all per hour per hour labor
quarter persons Output persons (1) (2) costs
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2012 I 10.2 15.6 4.9 0.7 -1.7 -8.6
2011 ANNUAL 3.7 r 7.7 r 3.9 1.4 -1.7 -2.2 r
2011 IV 1.6 r 9.1 r 7.5 r 0.8 r -0.5 r -0.8 r
III 8.3 r 7.3 r -0.9 4.0 0.8 r -4.0 r
II -2.9 r 1.6 r 4.6 -4.5 -8.5 r -1.7 r
I 4.2 r 11.1 r 6.6 4.2 -0.3 r 0.0 r
2010 ANNUAL 10.4 r 10.3 r -0.1 2.1 0.5 -7.5 r
2010 IV 4.2 r 4.7 r 0.5 2.0 -1.0 r -2.1 r
III 2.2 r 9.2 r 6.8 -1.2 -2.6 -3.3 r
II 17.3 r 20.0 r 2.3 7.7 8.1 r -8.2 r
I 9.6 r 13.5 r 3.6 -2.9 -3.7 r -11.4 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2012 I 4.2 8.3 4.0 0.2 -2.5 -3.8
2011 ANNUAL 3.7 r 7.7 r 3.9 1.4 -1.7 -2.2 r
2011 IV 2.7 r 7.2 r 4.4 1.1 r -2.2 -1.6 r
III 3.4 r 6.1 r 2.6 1.4 -2.3 -1.9 r
II 1.9 r 6.6 r 4.6 0.1 -3.1 r -1.8 r
I 6.8 r 11.1 r 4.0 3.1 1.0 r -3.4 r
2010 ANNUAL 10.4 r 10.3 r -0.1 2.1 0.5 -7.5 r
2010 IV 8.2 r 11.7 r 3.3 1.3 0.1 -6.3 r
III 9.3 r 12.8 r 3.2 1.7 0.4 r -7.0 r
II 13.7 r 13.5 r -0.2 2.1 0.3 -10.2 r
I 10.2 r 3.2 r -6.4 3.2 0.8 -6.4 r
---------------------------------------------------------------------------------------------------
Indexes 2005=100
2012 I 120.0 102.6 85.5 120.4 103.0 100.4
2011 ANNUAL 115.8 r 96.4 r 83.2 r 119.8 r 104.0 r 103.4 r
2011 IV 117.1 r 98.9 r 84.5 r 120.2 r 103.4 r 102.7 r
III 116.7 r 96.8 r 83.0 120.0 103.5 r 102.9 r
II 114.3 r 95.1 r 83.2 118.8 103.3 r 103.9 r
I 115.2 r 94.7 r 82.2 120.2 105.7 r 104.3 r
2010 ANNUAL 111.7 r 89.5 r 80.1 118.1 105.8 105.7 r
2010 IV 114.0 r 92.3 r 80.9 119.0 105.7 r 104.3 r
III 112.8 r 91.2 r 80.8 118.4 106.0 104.9 r
II 112.2 r 89.2 r 79.5 118.7 106.7 105.8 r
I 107.8 r 85.2 r 79.0 116.5 104.6 r 108.1 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
Real
Output Compen- compen-
Year per hour Hours sation sation Unit
and of all of all per hour per hour labor
quarter persons Output persons (1) (2) costs
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2012 I 1.4 5.7 4.2 2.8 0.4 1.4
2011 ANNUAL 2.1 1.7 -0.4 2.3 -0.8 r 0.2
2011 IV 0.9 r 1.5 r 0.5 r 3.4 r 2.0 r 2.4 r
III 2.1 r 2.9 r 0.7 1.9 -1.2 r -0.2 r
II 0.2 r -0.2 r -0.4 2.3 -2.0 r 2.1 r
I 3.1 r 2.2 r -0.8 2.3 -2.1 r -0.8 r
2010 ANNUAL 2.1 r 2.3 r 0.2 0.6 -1.0 -1.4 r
2010 IV 4.3 r 1.3 r -2.8 1.8 -1.2 r -2.4 r
III 2.1 r 1.8 r -0.4 4.6 3.2 2.5 r
II -1.1 r 3.7 r 4.9 -1.4 -1.1 r -0.3 r
I 0.5 r 2.4 r 1.9 -2.3 -3.1 r -2.8 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2012 I 1.2 2.4 1.3 2.6 -0.2 1.4
2011 ANNUAL 2.1 1.7 -0.4 2.3 -0.8 r 0.2
2011 IV 1.6 r 1.6 r 0.0 2.5 r -0.8 r 0.9 r
III 2.4 r 1.5 r -0.9 2.1 -1.6 -0.3 r
II 2.4 r 1.3 r -1.1 2.7 -0.6 0.3 r
I 2.1 r 2.3 r 0.2 1.8 -0.3 r -0.3 r
2010 ANNUAL 2.1 r 2.3 r 0.2 0.6 -1.0 -1.4 r
2010 IV 1.4 r 2.3 r 0.9 0.6 -0.6 -0.8 r
III 1.5 r 2.8 r 1.3 0.6 -0.6 -0.9 r
II 2.0 r 2.9 r 0.9 0.0 -1.7 -1.9 r
I 3.4 r 1.2 r -2.1 1.2 -1.1 -2.1 r
---------------------------------------------------------------------------------------------------
Indexes 2005=100
2012 I 109.8 96.6 88.0 119.2 101.9 108.6
2011 ANNUAL 108.9 r 94.7 r 86.9 r 117.2 r 101.7 r 107.6 r
2011 IV 109.4 r 95.3 r 87.1 r 118.3 r 101.8 r 108.2 r
III 109.2 r 94.9 r 87.0 117.4 101.3 r 107.5 r
II 108.6 r 94.3 r 86.8 116.8 101.6 r 107.6 r
I 108.5 r 94.3 r 86.9 116.2 102.1 r 107.0 r
2010 ANNUAL 106.7 r 93.1 r 87.3 114.6 102.6 107.4 r
2010 IV 107.7 r 93.8 r 87.1 115.5 102.7 r 107.2 r
III 106.6 r 93.5 r 87.7 115.0 103.0 107.9 r
II 106.0 r 93.1 r 87.8 113.7 102.2 107.2 r
I 106.3 r 92.2 r 86.7 114.1 102.5 r 107.3 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
and prices, seasonally adjusted
Real Unit
Output Hourly hourly non- Total Unit Implicit
Year per all- compen- compen- Unit labor unit pro- price
and employee Employee sation sation labor costs cost fits deflator
quarter hour Output hours (1) (2) costs (6) (7) (8) (4)
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2011 ANNUAL 0.4 3.0 2.6 2.2 -1.0 1.8 -1.0 1.0 9.0 2.1
2011 IV 3.7 5.9 2.2 3.3 2.0 -0.4 -3.3 -1.2 4.6 -0.3
III 0.1 r 2.1 r 2.0 4.9 r 1.7 r 4.9 r 0.5 r 3.6 r 4.6 r 3.8
II 2.9 6.1 3.1 0.5 -3.7 r -2.3 -1.8 -2.2 28.9 1.8
I 1.8 4.5 2.6 4.0 -0.5 r 2.2 0.7 1.7 3.7 2.0
2010 ANNUAL 4.7 4.9 0.2 1.8 0.2 -2.7 -9.2 -4.6 41.3 -0.1
2010 IV -3.7 -1.5 2.3 -0.8 -3.7 r 3.0 1.9 2.7 -0.7 2.2
III -0.5 2.1 2.6 2.3 0.9 2.9 -4.4 0.8 13.5 2.5
II -1.4 2.6 4.0 1.6 1.9 r 3.0 -7.5 -0.1 10.5 1.3
I 8.7 10.2 1.3 0.8 -0.1 r -7.3 -14.7 -9.5 102.7 -0.1
2009 ANNUAL 0.5 -7.4 -7.8 2.1 2.5 1.5 6.5 3.0 -8.2 1.8
2009 IV 9.5 9.1 -0.4 1.4 -1.6 r -7.4 -9.7 -8.1 75.4 -1.6
III 7.9 2.7 -4.8 2.8 -0.8 r -4.8 -12.6 -7.1 54.4 -2.7
II 6.2 -4.5 -10.1 7.9 5.9 1.6 -2.0 0.5 -27.2 -2.4
I -9.6 -20.0 -11.5 -6.3 -3.9 r 3.7 23.5 9.2 -28.5 4.8
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2011 ANNUAL 0.4 3.0 2.6 2.2 -1.0 1.8 -1.0 1.0 9.0 2.1
2011 IV 2.1 4.7 2.5 3.2 -0.1 1.0 -1.0 0.5 10.0 1.8
III 0.3 r 2.8 r 2.5 2.2 r -1.6 r 1.9 r 0.3 r 1.4 r 8.6 r 2.4
II 0.1 2.8 2.6 1.5 -1.8 1.4 -0.9 0.7 10.8 2.1
I -1.0 1.9 2.9 1.8 -0.3 r 2.8 -2.4 1.3 6.6 2.0
2010 ANNUAL 4.7 4.9 0.2 1.8 0.2 -2.7 -9.2 -4.6 41.3 -0.1
2010 IV 0.7 3.3 2.6 1.0 -0.3 r 0.3 -6.4 -1.7 26.1 1.5
III 3.9 5.9 1.9 1.5 0.3 -2.3 -9.2 -4.3 45.3 0.5
II 6.1 6.1 0.0 1.6 -0.1 -4.2 -11.2 -6.3 56.9 -0.8
I 8.1 4.2 -3.6 3.2 0.8 -4.5 -9.9 -6.1 41.4 -1.7
2009 ANNUAL 0.5 -7.4 -7.8 2.1 2.5 1.5 6.5 3.0 -8.2 1.8
2009 IV 3.2 -3.8 -6.8 1.3 -0.2 -1.8 -1.1 -1.6 8.9 -0.5
III 0.0 -8.8 -8.8 2.5 4.2 2.5 6.2 3.6 -18.1 1.0
II 0.0 -8.8 -8.8 2.9 3.9 2.9 10.0 4.9 -15.2 2.8
I -1.1 -8.0 -6.9 1.5 1.6 r 2.7 11.4 5.1 -7.0 3.9
---------------------------------------------------------------------------------------------------------
Indexes 2005=100
2011 ANNUAL 108.7 103.5 95.2 118.1 102.5 108.7 108.8 108.7 129.5 111.3
2011 IV 109.6 105.2 96.0 119.5 102.8 109.1 108.1 108.8 133.4 111.9
III 108.6 r 103.7 r 95.5 118.6 r 102.3 r 109.2 r 109.0 r 109.1 r 131.9 r 112.0
II 108.6 103.2 95.0 117.1 101.9 r 107.9 108.8 108.1 130.4 111.0
I 107.8 101.7 94.3 117.0 102.8 r 108.5 109.3 108.7 122.4 110.5
2010 ANNUAL 108.2 100.4 92.8 115.6 103.5 106.8 109.9 107.6 118.8 109.0
2010 IV 107.3 100.6 93.7 115.8 103.0 r 107.9 109.1 108.3 121.2 109.9
III 108.3 100.9 93.2 116.1 103.9 107.1 108.6 107.6 121.5 109.3
II 108.5 100.4 92.6 115.4 103.7 106.4 109.9 107.3 117.7 108.6
I 108.9 99.8 91.7 114.9 103.2 r 105.6 112.0 107.4 114.8 108.3
2009 ANNUAL 103.4 95.8 92.6 113.5 103.3 109.7 121.0 112.8 84.1 109.2
2009 IV 106.6 97.4 91.4 114.7 103.2 r 107.6 116.6 110.1 96.2 108.3
III 104.2 95.3 91.4 114.3 103.6 r 109.7 119.6 112.4 83.6 108.8
II 102.3 94.7 92.6 113.5 103.8 r 111.0 123.7 114.5 75.0 109.5
I 100.7 95.8 95.1 111.4 102.4 110.6 124.3 114.4 81.2 110.2
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
SOURCES: Output data are from the Bureau of Economic Analysis and the
Census Bureau of the U.S. Department of Commerce; the Bureau of Labor
Statistics, U.S. Department of Labor; and the Federal Reserve Board.
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 fourth quarter of 2011.
Table Footnotes
(1) Wages and salaries of employees plus employers' contributions for
social insurance and private benefit plans. Except for nonfinancial
corporations, where there are no self-employed, data also include an
estimate of wages, salaries, and supplemental payments for the self-
employed.
(2) The change for recent quarters is based on the Consumer Price Index
for all urban consumers (CPI-U). The trend from 1978-2011 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.
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)
2009 ANNUAL 0.5 -12.5 -13.0 4.6 5.0 4.0
2009 IV 7.1 r 6.6 r -0.4 2.8 -0.3 r -4.0 r
III 12.9 r 7.7 r -4.6 1.1 -2.5 -10.5 r
II 7.3 r -9.8 r -15.9 8.5 6.5 1.1 r
I -1.9 r -21.7 r -20.1 0.7 3.3 r 2.7 r
2008 ANNUAL -0.5 -4.4 -4.0 4.3 0.4 4.8
2008 IV -6.1 r -20.8 r -15.6 9.4 20.2 r 16.6 r
III -4.8 -13.2 -8.8 5.6 -0.7 r 11.0 r
II -5.8 r -7.4 r -1.6 0.9 -4.1 7.2 r
I -0.1 r -2.1 r -2.1 5.4 0.9 r 5.4 r
2007 ANNUAL 3.9 2.2 -1.7 3.2 0.4 -0.7
2007 IV 5.4 r 0.9 r -4.3 8.3 3.2 r 2.8 r
III 3.2 0.8 -2.3 0.6 -1.9 -2.5
II 4.3 r 5.2 r 0.9 -1.2 -5.6 r -5.3 r
I 4.5 r 4.0 r -0.5 3.4 -0.6 r -1.1 r
----------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2009 ANNUAL 0.5 -12.5 -13.0 4.6 5.0 4.0
2009 IV 6.2 -5.1 -10.6 3.2 1.7 -2.8
III 2.8 r -11.9 -14.2 4.8 6.6 2.0
II -1.5 -16.5 -15.2 6.0 7.0 7.7 r
I -4.7 -16.0 -11.8 4.1 4.3 9.2
2008 ANNUAL -0.5 -4.4 -4.0 4.3 0.4 4.8
2008 IV -4.3 -11.2 -7.2 5.3 3.7 10.0
III -1.4 -5.6 -4.2 5.0 -0.2 6.6
II 0.6 -2.0 -2.6 3.8 -0.5 3.2
I 3.2 1.1 r -2.0 3.2 -0.9 0.0
2007 ANNUAL 3.9 2.2 -1.7 3.2 0.4 -0.7
2007 IV 4.4 r 2.7 r -1.6 2.7 -1.3 r -1.6 r
III 4.1 2.5 -1.5 3.3 0.9 -0.8
II 4.1 r 2.4 -1.7 3.6 0.8 -0.5 r
I 3.0 r 1.1 r -1.9 3.4 0.9 0.3 r
----------------------------------------------------------------------------------------------------
Indexes 2005=100
2009 ANNUAL 104.9 86.8 82.7 114.8 104.5 109.4
2009 IV 108.4 r 88.1 r 81.3 116.2 104.5 r 107.2 r
III 106.5 r 86.7 r 81.4 115.4 104.6 r 108.3 r
II 103.4 r 85.1 r 82.3 115.1 105.3 r 111.3 r
I 101.6 r 87.3 r 86.0 112.7 103.6 111.0 r
2008 ANNUAL 104.3 99.2 95.1 109.8 99.6 105.2
2008 IV 102.0 r 92.8 r 90.9 112.5 102.8 r 110.3 r
III 103.7 r 98.4 r 94.9 110.0 98.1 r 106.1 r
II 105.0 r 101.9 r 97.1 108.6 98.3 r 103.4 r
I 106.6 r 103.9 r 97.5 108.3 99.4 r 101.6 r
2007 ANNUAL 104.8 103.8 99.1 105.3 99.1 100.4
2007 IV 106.6 r 104.5 r 98.0 106.9 99.2 r 100.3 r
III 105.2 r 104.2 r 99.1 104.8 98.4 r 99.6 r
II 104.4 r 104.0 r 99.7 104.6 98.8 r 100.3 r
I 103.3 r 102.7 r 99.5 104.9 100.3 r 101.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
Appendix table 2.
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)
2009 ANNUAL -4.5 -19.3 -15.5 5.8 6.2 10.8
2009 IV 8.8 r 8.8 r 0.1 3.3 0.3 r -5.0 r
III 19.5 r 12.0 r -6.3 0.6 -2.9 -15.8 r
II 3.7 r -18.0 r -20.9 12.2 10.1 8.2 r
I -11.2 r -32.4 r -23.8 3.4 6.0 r 16.5 r
2008 ANNUAL -1.5 -5.7 -4.2 3.1 -0.7 4.7
2008 IV -17.8 r -30.5 r -15.3 7.9 18.5 r 31.3 r
III -5.4 r -16.8 r -12.1 6.9 0.5 r 13.0 r
II -8.5 r -9.8 r -1.4 0.8 -4.2 10.2 r
I -1.8 r -2.2 r -0.4 0.8 -3.4 r 2.7 r
2007 ANNUAL 5.3 3.2 -2.0 3.8 0.9 -1.5
2007 IV 8.7 r 2.2 r -6.0 8.4 3.2 r -0.3 r
III 2.8 r 0.8 r -1.9 1.1 -1.4 -1.6 r
II 7.9 r 9.0 r 1.1 -2.9 -7.2 r -10.0 r
I 7.1 r 5.5 r -1.5 5.5 1.5 r -1.5 r
----------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2009 ANNUAL -4.5 -19.3 -15.5 5.8 6.2 10.8
2009 IV 4.6 r -9.3 r -13.3 4.8 3.3 0.2 r
III -2.5 -18.9 -16.8 5.9 7.7 8.6 r
II -8.0 r -24.7 r -18.2 7.5 8.6 16.9 r
I -10.9 r -22.9 r -13.5 4.7 4.9 17.5 r
2008 ANNUAL -1.5 -5.7 -4.2 3.1 -0.7 4.7
2008 IV -8.6 r -15.5 r -7.5 4.1 2.4 r 13.8 r
III -2.0 -6.9 r -5.1 4.2 -1.0 6.2 r
II 0.1 r -2.4 r -2.5 2.7 -1.5 2.6 r
I 4.3 r 2.4 r -1.9 1.8 -2.3 -2.4 r
2007 ANNUAL 5.3 3.2 -2.0 3.8 0.9 -1.5
2007 IV 6.6 r 4.3 r -2.1 2.9 -1.1 r -3.4 r
III 5.3 3.7 -1.5 4.0 1.6 -1.2
II 5.7 r 3.3 r -2.2 4.1 1.4 -1.5 r
I 3.8 r 1.6 r -2.2 4.0 1.6 0.2 r
----------------------------------------------------------------------------------------------------
Indexes 2005=100
2009 ANNUAL 101.2 81.2 80.2 115.7 105.3 114.3
2009 IV 105.4 r 82.6 r 78.4 117.4 105.6 r 111.4 r
III 103.2 r 80.9 r 78.3 116.4 105.5 r 112.8 r
II 98.7 r 78.6 r 79.6 116.2 106.3 r 117.8 r
I 97.8 r 82.6 r 84.4 112.9 103.8 115.5 r
2008 ANNUAL 106.0 100.6 94.9 109.4 99.2 103.2
2008 IV 100.8 r 91.1 r 90.4 112.0 102.3 r 111.1 r
III 105.8 r 99.7 r 94.2 109.9 98.0 r 103.8 r
II 107.3 r 104.4 r 97.3 108.1 97.9 r 100.7 r
I 109.7 r 107.1 r 97.6 107.9 99.0 r 98.3 r
2007 ANNUAL 107.6 106.6 99.1 106.1 99.9 98.5
2007 IV 110.2 r 107.7 r 97.7 107.6 99.8 r 97.6 r
III 108.0 r 107.2 r 99.3 105.5 99.1 r 97.7 r
II 107.2 r 106.9 r 99.7 105.2 99.4 r 98.1 r
I 105.2 r 104.7 r 99.5 106.0 101.3 r 100.7 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
Appendix table 3.
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)
2009 ANNUAL 2.4 -6.6 -8.7 2.9 3.3 0.5
2009 IV 4.7 r 3.5 r -1.2 1.7 -1.3 r -2.9 r
III 3.8 r 1.8 r -1.9 2.3 -1.3 -1.5 r
II 4.5 r -2.9 r -7.0 3.3 1.4 -1.1 r
I 3.0 r -11.0 r -13.5 -3.4 -0.9 r -6.1 r
2008 ANNUAL 0.1 -3.5 -3.6 6.6 2.6 6.5
2008 IV 7.0 r -10.3 r -16.1 12.3 23.4 r 5.0 r
III -7.8 r -10.4 r -2.9 3.8 -2.4 r 12.5 r
II -3.3 -5.3 -2.1 1.1 -3.9 4.6
I 2.7 r -2.3 r -4.9 14.3 9.5 r 11.3 r
2007 ANNUAL 2.1 1.1 -1.1 2.2 -0.6 0.1
2007 IV 0.6 r -0.7 r -1.2 8.7 3.6 r 8.1 r
III 4.1 r 1.0 r -3.0 -0.5 -3.0 -4.4 r
II 0.4 0.9 0.5 2.1 -2.5 r 1.7
I 1.3 r 2.4 r 1.1 -0.5 -4.3 r -1.7 r
----------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2009 ANNUAL 2.4 -6.6 -8.7 2.9 3.3 0.5
2009 IV 4.0 r -2.3 r -6.1 0.9 -0.5 -2.9 r
III 4.5 -5.7 r -9.8 3.5 5.2 -1.0
II 1.5 r -8.7 r -10.0 3.9 4.9 2.3 r
I -0.5 r -9.3 r -8.9 3.3 3.5 3.8 r
2008 ANNUAL 0.1 -3.5 -3.6 6.6 2.6 6.5
2008 IV -0.5 r -7.1 r -6.7 7.7 6.1 8.3 r
III -2.0 -4.7 -2.8 6.9 1.5 9.1
II 1.0 r -1.9 r -2.8 5.7 1.4 4.7 r
I 1.9 r -0.3 r -2.2 6.0 1.8 r 4.0 r
2007 ANNUAL 2.1 1.1 -1.1 2.2 -0.6 0.1
2007 IV 1.6 0.9 r -0.6 2.4 -1.6 0.8
III 2.8 1.3 -1.4 1.8 -0.5 -0.9
II 2.1 1.4 r -0.7 2.6 -0.1 0.5
I 2.1 0.6 r -1.4 2.2 -0.3 r 0.1
----------------------------------------------------------------------------------------------------
Indexes 2005=100
2009 ANNUAL 104.5 91.1 87.2 113.9 103.6 109.0
2009 IV 106.2 r 91.7 r 86.3 114.8 103.3 r 108.1 r
III 105.0 r 90.9 r 86.6 114.3 103.6 r 108.9 r
II 104.0 r 90.5 r 87.0 113.7 104.0 r 109.3 r
I 102.9 r 91.2 r 88.6 112.7 103.6 109.6 r
2008 ANNUAL 102.1 97.5 95.5 110.6 100.3 108.4
2008 IV 102.1 r 93.8 r 91.9 113.7 103.8 r 111.4 r
III 100.4 r 96.4 r 96.0 110.4 98.5 r 110.0 r
II 102.4 r 99.1 r 96.7 109.4 99.1 r 106.8 r
I 103.3 r 100.5 r 97.2 109.1 100.1 r 105.6 r
2007 ANNUAL 102.0 101.0 99.0 103.8 97.8 101.8
2007 IV 102.6 r 101.1 r 98.5 105.5 97.9 r 102.8 r
III 102.5 r 101.2 r 98.8 103.4 97.0 r 100.9 r
II 101.5 r 101.0 r 99.5 103.5 97.8 r 102.0 r
I 101.4 r 100.7 r 99.4 103.0 98.4 r 101.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. May 3, 2012
r=revised Source: Bureau of Labor Statistics
United States Department of Labor
