Transmission of material in this release is embargoed until USDL 18-0941
8:30 a.m. (EDT) Wednesday, June 6, 2018
Technical information: (202) 691-5606 • Productivity@bls.gov • www.bls.gov/lpc
Media contact: (202) 691-5902 • PressOffice@bls.gov
PRODUCTIVITY AND COSTS
First Quarter 2018, Revised
Nonfarm business sector labor productivity increased 0.4 percent during the first quarter of 2018, the
U.S. Bureau of Labor Statistics reported today, as output increased 2.7 percent and hours worked
increased 2.3 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.)
From the first quarter of 2017 to the first quarter of 2018, productivity increased 1.3 percent, reflecting a
3.6-percent increase in output and a 2.3-percent increase in hours worked. (See tables A1 and 2.)
Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of
hours worked by all persons, including employees, proprietors, and unpaid family workers.
Unit labor costs in the nonfarm business sector increased 2.9 percent in the first quarter of 2018,
reflecting a 3.3-percent increase in hourly compensation and a 0.4-percent increase in productivity. Unit
labor costs increased 1.3 percent over the last four quarters. (See tables A1 and 2.)
BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. Increases in
hourly compensation tend to increase unit labor costs, and increases in output per hour tend to reduce
them.
Manufacturing sector labor productivity decreased 1.2 percent in the first quarter of 2018, as output
increased 1.7 percent and hours worked increased 2.9 percent. Productivity declined 0.8 percent in the
durable manufacturing sector, as output rose 3.3 percent and hours worked increased 4.2 percent. In the
non-durable goods manufacturing sector, a 0.9-percent decrease in productivity reflected no change in
output and a 0.9-percent increase in hours worked. Over the last four quarters, total manufacturing sector
productivity increased 0.3 percent, as output increased 2.0 percent and hours worked increased 1.7
percent. Unit labor costs in manufacturing increased 5.2 percent in the first quarter of 2018 and rose 2.5
percent from the same quarter a year ago. (See tables A1 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
the Technical Notes for a more detailed explanation.
Preliminary first-quarter 2018 measures were announced today for the nonfinancial corporate sector.
Productivity increased 1.9 percent in the first quarter of 2018 and increased 1.7 percent over the last four
quarters. Unit profits of nonfinancial corporations fell at a 9.5 percent annual rate in the first quarter of
2018 and increased 1.7 percent over the last four quarters. (See tables A2 and 6.)
Revised measures
Measures released today are based on more recent source data than were available for the
preliminary report. Table B1 presents previous and revised productivity and related measures for
the business, nonfarm business, and manufacturing sectors for the first quarter of 2018.
In the first quarter of 2018, nonfarm business productivity rose 0.4 percent, rather than 0.7 percent as
reported May 3, the combined effect of a 0.1-percentage point downward revision to output and a 0.2-
percentage point upward revision to hours worked. Unit labor costs were revised up--due primarily to
the downward revision to productivity--and increased 2.9 percent. In the manufacturing sector,
productivity was revised down from an increase of 0.5 percent to a decrease of 1.2 percent, due almost
entirely to a 1.6-percentage point downward revision to output. Hourly compensation was revised up 0.7
percentage point. As a result of the downward revision to productivity and the upward revision to hourly
compensation, unit labor costs increased 5.2 percent rather than 2.7 percent as previously reported.
Table B2 shows previous and revised productivity and related measures for the business, nonfarm
business, manufacturing, and nonfinancial corporate sectors for the fourth quarter of 2017.
In the fourth quarter of 2017, labor productivity in the nonfarm business sector increased at the same
0.3-percent rate reported May 3. Hourly compensation was revised up, and increased 2.9 percent. As a result,
unit labor costs increased 2.5 percent in the fourth quarter of 2017, rather than increasing 2.1 percent.
Total manufacturing sector productivity increased 4.3 percent in the fourth quarter of 2017, a smaller
increase than previously reported. Hourly compensation was revised up 2.3 percentage points; and when
combined with the small downward revision to productivity this led to an upward revision to unit labor
costs, which rose 0.2 percent rather than decreasing 2.2 percent.
Manufacturing output and all related measures--including labor productivity--were revised back as far as
2008 to incorporate revised BLS measures of sectoral output in manufacturing industries published May
16, 2018 in Multifactor Productivity Trends In Manufacturing - 2016. The period most affected was
from 2014 to 2016, with the average annual rate of productivity growth over this period revised down
from -0.1 percent to -0.6 percent. The average annual rate of manufacturing productivity growth from
2007 to 2017 was unrevised at 0.7 percent, well below the long-term rate from 1987 to 2017 of 2.7
percent. (See tables 3, 4, and 5, and appendix tables 1, 2, and 3.) For more complete information see
www.bls.gov/mfp/sectoraloutputrevisions.htm.
In the nonfinancial corporate sector, productivity rose 1.2 percent in the fourth quarter of 2017 rather
than increasing 0.8 percent as previously reported, due solely to an upward revision to output. Annual
average productivity in the nonfinancial corporate sector increased 1.0 percent in 2017, the same as the
preliminary estimate. Unit profits rose 2.2 percent in the fourth quarter of 2017, rather than the 2.6
percent increase reported May 3. (See table 6.)
Complete annual and quarterly data series can be found on the Productivity and Costs home page:
www.bls.gov/lpc/#data.
______________
The preliminary Productivity and Costs news release for second-quarter 2018 is scheduled to be
released on Wednesday, August 15, 2018 at 8:30 a.m. (EDT)
=========================================================================================================================
Table A1. Labor productivity growth and related measures – revised first-quarter 2018
(percent change from previous quarter at annual rate and from same quarter a year ago)
Labor Hours Hourly Real hourly Unit labor
Sector Percent change from: productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business Previous quarter 0.4 2.7 2.3 3.3 -0.2 2.9
A year ago 1.3 3.6 2.3 2.6 0.3 1.3
Business Previous quarter 0.7 2.6 1.8 3.9 0.4 3.1
A year ago 1.3 3.5 2.2 2.7 0.4 1.4
Manufacturing Previous quarter -1.2 1.7 2.9 3.9 0.4 5.2
A year ago 0.3 2.0 1.7 2.9 0.6 2.5
Durable manufacturing Previous quarter -0.8 3.3 4.2 5.8 2.2 6.7
A year ago 0.8 2.0 1.2 4.5 2.2 3.6
Nondurable manufacturing Previous quarter -0.9 0.0 0.9 0.0 -3.4 0.9
A year ago -0.5 2.0 2.5 -0.1 -2.3 0.4
=========================================================================================================================
=========================================================================================================================
Table A2. Labor productivity growth and related measures – preliminary first-quarter 2018
(percent change from previous quarter at annual rate and from same quarter a year ago)
Labor Hours Hourly Real hourly Unit labor
Sector Percent change from: productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfinancial corporate Previous quarter 1.9 4.2 2.2 3.8 0.3 1.8
A year ago 1.7 4.1 2.3 2.6 0.4 0.9
=========================================================================================================================
=========================================================================================================================
Table B1. Labor productivity growth and related measures – revised and previously published first-quarter 2018
(percent change from previous quarter at annual rate)
Labor Hours Hourly Real hourly Unit labor
Sector productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business Revised 0.4 2.7 2.3 3.3 -0.2 2.9
Previously published 0.7 2.8 2.1 3.4 -0.1 2.7
Business Revised 0.7 2.6 1.8 3.9 0.4 3.1
Previously published 1.1 2.8 1.6 3.9 0.4 2.8
Manufacturing Revised -1.2 1.7 2.9 3.9 0.4 5.2
Previously published 0.5 3.3 2.8 3.2 -0.3 2.7
Durable manufacturing Revised -0.8 3.3 4.2 5.8 2.2 6.7
Previously published 1.3 5.5 4.2 4.2 0.7 2.9
Nondurable manufacturing Revised -0.9 0.0 0.9 0.0 -3.4 0.9
Previously published 0.6 1.1 0.5 1.0 -2.4 0.4
=========================================================================================================================
=========================================================================================================================
Table B2. Labor productivity growth and related measures – revised and previously published fourth-quarter 2017
(percent change from previous quarter at annual rate)
Labor Hours Hourly Real hourly Unit labor
Sector productivity Output worked compensation compensation costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business Revised 0.3 3.7 3.3 2.9 -0.4 2.5
Previously published 0.3 3.7 3.3 2.4 -0.8 2.1
Business Revised -0.4 3.6 4.1 2.1 -1.2 2.6
Previously published -0.4 3.6 4.1 1.7 -1.6 2.1
Manufacturing Revised 4.3 5.4 1.1 4.5 1.1 0.2
Previously published 4.5 5.6 1.1 2.2 -1.1 -2.2
Durable manufacturing Revised 4.7 5.1 0.4 7.0 3.5 2.2
Previously published 5.1 5.5 0.4 2.3 -1.0 -2.6
Nondurable manufacturing Revised 3.5 5.8 2.2 0.0 -3.2 -3.4
Previously published 3.5 5.8 2.2 2.3 -1.0 -1.1
Nonfinancial corporate Revised 1.2 3.9 2.7 2.6 -0.7 1.4
Previously published 0.8 3.5 2.7 2.0 -1.3 1.2
=========================================================================================================================
TECHNICAL NOTES
Labor Hours
Hours data for the labor productivity and cost measures include hours worked for all persons
working in the sector—wage and salary workers, the self-employed and unpaid family workers.
The primary source of hours and employment data is the BLS Current Employment Statistics
(CES) program, which provides monthly survey data on the number of jobs held by wage and
salary workers in nonfarm establishments, counting a person who is employed by two or more
establishments at each place of employment. The CES also provides average weekly paid hours
of production and nonsupervisory workers in these establishments. Weekly paid hours are
adjusted to hours worked using data from the National Compensation Survey (NCS) for 1996
forward and data from the BLS Hours at Work survey, conducted for this purpose, prior to 1990.
Between 1990 and 1995, weekly paid hours are adjusted to hours at work using a combination of
NCS and Hours at Work survey data. The Office of Productivity and Technology estimates
average weekly hours at work for nonproduction and supervisory workers using information
from the Current Population Survey (CPS), the CES, and the NCS.
Data from the CPS are used to estimate hours worked for farm labor, nonfarm proprietors, and
nonfarm unpaid family workers. Using CPS information on employment and hours worked at
primary jobs and all other jobs, separately, the BLS productivity measures assign all hours
worked to the appropriate industrial sector. Hours for government enterprises are derived from
the CPS, the CES, and the National Income and Product Accounts (NIPA) prepared by the
Bureau of Economic Analysis (BEA) of the Department of Commerce.
Output
Business sector output is a chain-type, current-weighted index constructed after excluding from
gross domestic product (GDP) the following outputs: general government, nonprofit institutions,
and private households (including owner-occupied housing). Corresponding exclusions also are
made in labor hours. Business output accounted for about 76 percent of the value of GDP in
2017. Nonfarm business, which excludes farming, accounted for about 75 percent of GDP in
2017.
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 Index program and other sources. The industry shipments are aggregated using
annual weights, and intrasector transactions are removed. Quarterly manufacturing output
measures are based on the indexes of industrial production prepared monthly by the Board of
Governors of the Federal Reserve System, adjusted to be consistent with annual indexes of
manufacturing sector output prepared by BLS.
Nonfinancial corporate output is a chain-type, current-weighted index calculated on the basis of
the costs incurred and the incomes earned from production. The output measure excludes the
following outputs from GDP: general government; nonprofit institutions; private households;
unincorporated business; and those corporations classified as offices of bank holding companies,
offices of other holding companies, or offices in the finance and insurance sector. Nonfinancial
corporations accounted for about 49 percent of the value of GDP in 2017.
Labor Productivity
The measure describes the relationship between real output and the labor time involved in its
production. Measures of labor productivity growth show the changes from period to period in the
amount of goods and services produced per hour worked. They reflect the joint effects of many
influences, including changes in technology; capital investment; level of output; utilization of
capacity, energy, and materials; the organization of production; managerial skill; and the
characteristics and effort of the work force.
Labor Compensation
The measure includes accrued wages and salaries, supplements, employer contributions to
employee benefit plans, and taxes. Estimates of labor compensation by major sector, required for
measures of hourly compensation and unit labor costs, are based primarily on employee
compensation data from the NIPA, prepared by the BEA. The compensation of employees in
general government, nonprofit institutions and private households are subtracted from
compensation of employees in domestic industries to derive employee compensation for the
business sector. The labor compensation of proprietors cannot be explicitly identified and must
be estimated. This is done by assuming that proprietors have the same hourly compensation as
employees in the same sector. The quarterly labor productivity and cost measures do not contain
estimates of compensation for unpaid family workers.
Unit Labor Costs
These measures describe the relationship between compensation per hour and labor productivity,
or real output per hour, and can be used as an indicator of inflationary pressure on producers.
Increases in hourly compensation increase unit labor costs; labor productivity increases offset
compensation increases and lower unit labor costs.
Presentation of the data
The quarterly data in this release are presented in three ways: as percent changes from the
previous quarter presented at a compound annual rate, as percent changes from the
corresponding quarter of the previous year, and as index number series where 2009=100. Annual
data are presented both as index number series and percent changes from the previous year.
The index numbers and rates of change reported in the productivity and costs news release are
rounded to one decimal place. All percent changes in this release and on the BLS web site are
calculated using index numbers to three decimal places. A complete historical series of these
index numbers are available at the BLS web site, www.bls.gov/data/home.htm, or by contacting
the BLS Division of Major Sector Productivity (Telephone 202-691-5606 or email
productivity@bls.gov).
For a more detailed explanation of methodology see "Technical Information About the Major
Sector Productivity and Costs Methods" at www.bls.gov/lpc/lpcmethods.pdf.
Information in this release will be made available to sensory-impaired individuals upon request.
Voice phone: 202-691-5200; Federal Relay Service number: 1-800-877-8339.
Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted.
Real
Hourly hourly Unit Implicit
Year Labor compen- compen- Unit nonlabor price
and produc- Hours sation sation labor payments deflator
quarter tivity Output worked (1) (2) costs (3) (4)
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2018 I 0.7 r 2.6 r 1.8 r 3.9 0.4 3.1 r -0.5 r 1.5 r
2017 ANNUAL 1.2 2.7 1.5 1.7 -0.4 0.5 3.0 1.6
2017 IV -0.4 3.6 4.1 2.1 r -1.2 r 2.6 r 2.1 r 2.4
III 3.2 3.9 0.7 4.2 2.0 0.9 3.2 1.9
II 1.6 3.7 2.1 0.6 0.5 -1.0 2.8 0.6
I -0.7 1.4 2.0 4.4 1.4 5.1 -3.0 1.5
2016 ANNUAL 0.1 1.6 1.5 1.1 -0.2 1.0 1.0 1.0
2016 IV 1.9 2.2 0.3 -3.7 -6.3 -5.5 13.3 2.2
III 2.6 3.3 0.7 2.8 0.9 0.1 2.5 1.1
II 0.8 2.6 1.8 4.5 1.7 3.7 0.0 2.1
I -1.0 0.4 1.4 -3.7 -3.6 -2.8 5.1 0.5
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2018 I 1.3 r 3.5 2.2 r 2.7 r 0.4 r 1.4 r 1.9 r 1.6
2017 ANNUAL 1.2 2.7 1.5 1.7 -0.4 0.5 3.0 1.6
2017 IV 0.9 3.2 2.2 2.8 r 0.7 r 1.9 r 1.3 r 1.6
III 1.5 2.8 1.3 1.3 -0.7 -0.2 3.9 1.6
II 1.4 2.6 1.3 0.9 -0.9 -0.4 3.7 1.4
I 1.1 2.4 1.2 1.9 -0.6 0.8 3.0 1.7
2016 ANNUAL 0.1 1.6 1.5 1.1 -0.2 1.0 1.0 1.0
2016 IV 1.1 2.1 1.0 -0.1 -1.9 -1.2 5.1 1.5
III -0.1 1.6 1.8 1.9 0.7 2.0 -0.6 0.9
II -0.4 1.2 1.6 1.4 0.3 1.9 -0.4 0.9
I -0.2 1.4 1.6 1.3 0.2 1.5 0.0 0.8
---------------------------------------------------------------------------------------------------
Indexes 2009=100
2018 I 108.9 r 126.1 r 115.8 r 120.0 r 102.9 r 110.2 r 117.8 r 113.4 r
2017 ANNUAL 108.2 123.6 114.1 117.7 r 102.8 r 108.8 r 116.8 r 112.1
2017 IV 108.7 125.3 115.2 118.8 r 102.8 r 109.3 r 117.9 r 112.9
III 108.8 124.1 114.1 118.2 103.1 108.6 117.3 112.3
II 107.9 123.0 113.9 117.0 102.6 108.4 116.4 111.7
I 107.5 121.8 113.3 116.8 102.5 108.7 115.6 111.6
2016 ANNUAL 106.9 120.3 112.5 115.7 103.2 108.2 113.4 110.4
2016 IV 107.7 121.4 112.7 115.6 102.2 107.3 116.5 111.2
III 107.2 120.8 112.7 116.7 103.8 108.9 112.9 110.5
II 106.5 119.8 112.5 115.9 103.6 108.8 112.2 110.2
I 106.3 119.0 112.0 114.6 103.2 107.8 112.2 109.7
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and
prices, seasonally adjusted.
Real
Hourly hourly Unit Implicit
Year Labor compen- compen- Unit nonlabor price
and produc- Hours sation sation labor payments deflator
quarter tivity Output worked (1) (2) costs (3) (4)
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2018 I 0.4 r 2.7 r 2.3 r 3.3 r -0.2 r 2.9 r -0.4 r 1.5 r
2017 ANNUAL 1.3 2.9 1.6 1.7 -0.5 0.4 r 3.0 1.5
2017 IV 0.3 3.7 3.3 2.9 r -0.4 r 2.5 r 2.3 r 2.4
III 2.6 4.0 1.3 3.6 1.5 1.0 3.5 2.0
II 1.7 3.9 2.2 0.5 0.4 -1.2 3.0 0.6
I 0.2 1.8 1.5 5.0 2.0 4.8 -3.9 0.9
2016 ANNUAL 0.0 1.5 1.5 1.1 -0.2 1.1 1.4 1.2
2016 IV 1.2 2.2 1.0 -4.6 -7.1 -5.7 13.9 2.3
III 2.4 3.3 0.9 2.5 0.6 0.0 3.1 1.3
II 1.0 2.5 1.5 4.9 2.1 3.9 0.0 2.2
I -1.1 0.2 1.3 -3.7 -3.6 -2.6 5.8 0.9
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2018 I 1.3 3.6 2.3 r 2.6 r 0.3 r 1.3 r 2.1 r 1.6 r
2017 ANNUAL 1.3 2.9 1.6 1.7 -0.5 0.4 r 3.0 1.5
2017 IV 1.2 3.3 2.1 3.0 r 0.9 r 1.8 r 1.2 r 1.5
III 1.4 3.0 1.5 1.1 -0.9 -0.4 3.9 1.5
II 1.4 2.8 1.4 0.8 -1.1 -0.6 3.8 1.3
I 1.2 2.5 1.2 1.9 -0.7 0.7 3.1 1.7
2016 ANNUAL 0.0 1.5 1.5 1.1 -0.2 1.1 1.4 1.2
2016 IV 0.9 2.1 1.2 -0.3 -2.1 -1.2 5.6 1.7
III -0.1 1.6 1.7 1.9 0.8 2.1 -0.1 1.1
II -0.4 1.1 1.5 1.6 0.5 2.0 -0.2 1.1
I -0.3 1.3 1.6 1.3 0.2 1.6 0.2 1.0
---------------------------------------------------------------------------------------------------
Indexes 2009=100
2018 I 109.1 r 126.3 r 115.8 r 120.1 r 103.1 r 110.2 r 117.8 r 113.4 r
2017 ANNUAL 108.4 123.7 114.1 118.0 r 103.0 r 108.8 r 116.8 r 112.1
2017 IV 108.9 125.5 115.2 119.1 r 103.1 r 109.4 r 118.0 r 113.0
III 108.8 124.3 114.2 118.3 103.2 108.7 117.3 112.3
II 108.1 123.1 113.9 117.3 102.9 108.4 116.3 111.7
I 107.7 122.0 113.3 117.1 102.7 108.7 115.5 111.5
2016 ANNUAL 107.0 120.2 112.4 116.0 103.5 108.4 113.4 110.5
2016 IV 107.6 121.4 112.8 115.7 102.2 107.5 116.6 111.3
III 107.3 120.8 112.5 117.0 104.1 109.1 112.9 110.7
II 106.7 119.8 112.3 116.3 104.0 109.1 112.0 110.3
I 106.4 119.0 111.9 114.9 103.4 108.0 112.0 109.7
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
Table 3. Manufacturing sector: Labor productivity, hourly compensation, and unit labor costs,
seasonally adjusted.
Real
Year Labor Hourly hourly Unit
and produc- Hours compensa- compensa- labor
quarter tivity Output worked tion (1) tion (2) costs
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2018 I -1.2 r 1.7 r 2.9 r 3.9 r 0.4 r 5.2 r
2017 ANNUAL 0.7 r 1.8 r 1.0 1.7 r -0.4 r 1.0 r
2017 IV 4.3 r 5.4 r 1.1 4.5 r 1.1 r 0.2 r
III -5.0 -1.9 3.3 0.7 -1.4 6.0
II 3.5 2.9 -0.6 2.3 2.3 -1.1
I -0.4 2.2 2.5 4.0 1.0 4.4
2016 ANNUAL 0.3 r 0.4 r 0.0 0.7 -0.5 0.4 r
2016 IV 2.6 r 2.4 r -0.3 -4.2 -6.7 -6.6 r
III 0.6 r 1.7 r 1.1 2.2 0.3 1.5 r
II -0.9 r -1.1 r -0.2 7.3 4.4 8.2 r
I 2.5 r 1.8 r -0.6 -9.8 -9.8 -12.0 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2018 I 0.3 r 2.0 r 1.7 r 2.9 r 0.6 r 2.5 r
2017 ANNUAL 0.7 r 1.8 r 1.0 1.7 r -0.4 r 1.0 r
2017 IV 0.6 2.1 r 1.5 2.9 r 0.7 r 2.3 r
III 0.2 r 1.4 r 1.2 0.7 -1.3 0.5 r
II 1.6 r 2.3 r 0.7 1.0 -0.8 -0.5 r
I 0.5 r 1.3 r 0.8 2.2 -0.3 1.7 r
2016 ANNUAL 0.3 r 0.4 r 0.0 0.7 -0.5 0.4 r
2016 IV 1.2 r 1.2 r 0.0 -1.3 -3.1 -2.5 r
III -0.2 r 0.3 r 0.4 1.8 0.6 1.9 r
II 0.2 r 0.0 r -0.2 1.7 0.6 1.5 r
I 0.1 r -0.1 r -0.1 0.8 -0.3 0.7
---------------------------------------------------------------------------------------------------
Indexes 2009=100
2018 I 106.5 r 117.6 r 110.4 r 115.7 r 99.3 r 108.7 r
2017 ANNUAL 106.4 r 116.0 r 109.0 113.4 r 99.0 r 106.6 r
2017 IV 106.8 r 117.1 r 109.6 114.6 r 99.2 r 107.3 r
III 105.7 r 115.5 r 109.3 113.4 98.9 107.3 r
II 107.0 r 116.1 r 108.4 113.2 99.3 105.7 r
I 106.1 r 115.3 r 108.6 112.5 98.7 106.0 r
2016 ANNUAL 105.7 r 114.0 r 107.9 111.5 99.5 105.5 r
2016 IV 106.2 r 114.6 r 107.9 111.4 98.5 104.9 r
III 105.5 r 114.0 r 108.0 112.6 100.2 106.7 r
II 105.4 r 113.5 r 107.7 112.0 100.1 106.3 r
I 105.6 r 113.8 r 107.8 110.0 99.0 104.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
Table 4. Durable manufacturing sector: Labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
Real
Year Labor Hourly hourly Unit
and produc- Hours compensa- compensa- labor
quarter tivity Output worked tion (1) tion (2) costs
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2018 I -0.8 r 3.3 r 4.2 5.8 r 2.2 r 6.7 r
2017 ANNUAL 1.1 r 1.7 r 0.6 2.2 r 0.1 r 1.1 r
2017 IV 4.7 r 5.1 r 0.4 7.0 r 3.5 r 2.2 r
III -4.8 -2.3 2.6 -0.1 -2.2 5.0 r
II 4.7 2.1 -2.4 5.4 5.3 0.7
I -0.9 2.8 3.7 2.5 -0.5 3.4
2016 ANNUAL -0.8 r -1.2 r -0.4 1.1 -0.2 2.0 r
2016 IV 3.1 r 2.5 r -0.6 -3.5 -6.1 -6.4 r
III 1.9 r 2.2 r 0.3 2.4 0.6 0.5 r
II -0.4 r -1.9 r -1.5 9.4 6.5 9.8 r
I -1.2 r -1.1 r 0.1 -10.9 -10.9 -9.9 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2018 I 0.8 r 2.0 r 1.2 4.5 r 2.2 r 3.6 r
2017 ANNUAL 1.1 r 1.7 r 0.6 2.2 r 0.1 r 1.1 r
2017 IV 0.8 r 1.9 r 1.0 3.7 r 1.5 r 2.8 r
III 0.5 r 1.2 0.8 1.0 -0.9 0.6
II 2.2 r 2.4 r 0.2 1.6 -0.3 -0.5 r
I 0.9 r 1.4 r 0.5 2.6 0.0 1.7 r
2016 ANNUAL -0.8 r -1.2 r -0.4 1.1 -0.2 2.0 r
2016 IV 0.8 r 0.4 r -0.4 -0.9 -2.7 -1.8 r
III -1.3 r -1.4 r 0.0 2.5 1.3 3.9 r
II -1.4 r -2.0 r -0.7 2.3 1.1 3.7 r
I -1.5 r -1.9 r -0.4 0.7 -0.4 2.2 r
---------------------------------------------------------------------------------------------------
Indexes 2009=100
2018 I 110.8 r 124.5 r 112.3 r 117.0 r 100.4 r 105.6 r
2017 ANNUAL 110.5 r 122.5 r 110.9 113.6 r 99.1 r 102.8 r
2017 IV 111.0 r 123.5 r 111.2 115.4 r 99.8 r 103.9 r
III 109.8 r 121.9 r 111.1 113.4 99.0 103.3 r
II 111.1 r 122.6 r 110.4 113.5 99.5 102.1 r
I 109.9 r 122.0 r 111.0 112.0 98.2 101.9 r
2016 ANNUAL 109.3 r 120.4 r 110.2 111.1 99.1 101.7 r
2016 IV 110.1 r 121.2 r 110.0 111.3 98.4 101.1 r
III 109.3 r 120.4 r 110.2 112.3 99.9 102.8 r
II 108.8 r 119.8 r 110.1 111.6 99.8 102.6 r
I 108.9 r 120.3 r 110.5 109.1 98.2 100.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
Table 5. Nondurable manufacturing sector: Labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
Real
Year Labor Hourly hourly Unit
and produc- Hours compensa- compensa- labor
quarter tivity Output worked tion (1) tion (2) costs
---------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2018 I -0.9 r 0.0 r 0.9 r 0.0 r -3.4 r 0.9 r
2017 ANNUAL -0.2 r 1.6 r 1.8 0.8 r -1.3 r 1.0 r
2017 IV 3.5 5.8 2.2 0.0 r -3.2 r -3.4 r
III -5.5 -1.4 4.3 2.5 0.4 8.5
II 1.1 3.7 2.5 -2.9 -3.0 -4.0
I 0.9 1.5 0.6 6.8 3.7 5.9 r
2016 ANNUAL 0.7 r 1.4 r 0.7 0.1 -1.2 -0.6 r
2016 IV 1.7 r 1.9 r 0.2 -5.2 -7.8 -6.8 r
III -1.9 r 0.5 r 2.4 1.8 0.0 3.8 r
II -3.2 r -1.2 r 2.0 3.5 0.8 6.9 r
I 5.7 r 3.7 r -1.9 -7.6 -7.6 -12.6 r
---------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2018 I -0.5 r 2.0 r 2.5 r -0.1 r -2.3 r 0.4 r
2017 ANNUAL -0.2 r 1.6 r 1.8 0.8 r -1.3 r 1.0 r
2017 IV -0.1 2.4 2.4 1.5 r -0.6 r 1.6 r
III -0.5 r 1.4 r 1.9 0.2 -1.8 0.7
II 0.4 r 1.9 r 1.4 0.0 -1.9 -0.4 r
I -0.6 r 0.6 r 1.3 1.6 -0.9 2.3 r
2016 ANNUAL 0.7 r 1.4 r 0.7 0.1 -1.2 -0.6 r
2016 IV 0.5 r 1.2 r 0.7 -2.0 -3.7 -2.5 r
III 0.0 r 1.2 r 1.2 0.5 -0.6 0.6 r
II 0.9 r 1.5 r 0.7 0.8 -0.3 -0.1 r
I 1.4 r 1.8 r 0.4 1.1 0.0 -0.2 r
---------------------------------------------------------------------------------------------------
Indexes 2009=100
2018 I 104.1 r 111.7 r 107.3 r 112.8 r 96.8 r 108.3 r
2017 ANNUAL 104.4 r 110.5 r 105.9 112.7 r 98.4 r 108.0 r
2017 IV 104.4 r 111.7 r 107.1 112.8 r 97.6 r 108.1 r
III 103.5 r 110.2 r 106.5 112.8 98.4 109.0 r
II 105.0 r 110.6 r 105.4 112.1 98.3 106.8 r
I 104.7 r 109.6 r 104.7 112.9 99.1 107.9 r
2016 ANNUAL 104.6 r 108.8 r 104.1 111.7 99.7 106.9 r
2016 IV 104.4 r 109.2 r 104.5 111.1 98.2 106.4 r
III 104.0 r 108.7 r 104.5 112.6 100.2 108.3 r
II 104.5 r 108.5 r 103.9 112.1 100.2 107.3 r
I 105.3 r 108.9 r 103.3 111.1 100.0 105.5 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs,
unit profits, and prices, seasonally adjusted.
Real
Hourly hourly Unit Total Implicit
Year Labor compen- compen- Unit nonlabor unit Unit price
and produc- Hours sation sation labor costs costs profits deflator
quarter tivity Output worked (1) (2) costs (6) (7) (8) (4)
---------------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate (5)
2018 I 1.9 4.2 2.2 3.8 0.3 1.8 2.3 2.0 -9.5 0.4
2017 ANNUAL 1.0 2.8 1.7 1.6 r -0.6 0.5 0.7 0.6 0.3 0.5
2017 IV 1.2 r 3.9 r 2.7 2.6 r -0.7 r 1.4 r -1.6 r 0.4 2.2 r 0.7
III 0.3 1.7 1.5 3.6 1.4 3.3 1.8 2.8 1.6 2.7
II 3.6 6.4 2.7 0.5 0.4 -3.0 -1.8 -2.6 13.7 -0.6
I 2.2 4.1 1.8 4.5 1.5 2.3 -1.0 1.2 -2.7 0.7
2016 ANNUAL -0.1 1.4 1.5 1.1 -0.2 1.2 -0.5 0.7 -5.3 -0.2
2016 IV -4.6 -3.9 0.7 -3.7 -6.3 0.9 9.2 3.5 -2.8 2.7
III 5.8 7.4 1.5 1.9 0.0 -3.7 -4.5 -4.0 7.3 -2.6
II -1.9 -0.6 1.3 3.9 1.1 5.9 1.7 4.5 -28.8 -0.8
I 0.7 1.1 0.4 -1.6 -1.6 -2.3 -13.0 -5.9 47.7 0.0
---------------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2018 I 1.7 4.1 2.3 2.6 0.4 0.9 0.2 0.6 1.7 0.8
2017 ANNUAL 1.0 2.8 1.7 1.6 r -0.6 0.5 0.7 0.6 0.3 0.5
2017 IV 1.8 r 4.0 r 2.2 2.8 r 0.7 r 1.0 r -0.7 r 0.4 3.5 r 0.9
III 0.3 2.0 1.7 1.2 -0.8 0.8 2.0 1.2 2.3 1.3
II 1.7 3.4 1.7 0.7 -1.1 -0.9 0.4 -0.5 3.7 0.0
I 0.3 1.7 1.3 1.6 -1.0 1.3 1.2 1.3 -7.8 0.0
2016 ANNUAL -0.1 1.4 1.5 1.1 -0.2 1.2 -0.5 0.7 -5.3 -0.2
2016 IV -0.1 0.9 1.0 0.1 -1.7 0.1 -2.0 -0.6 2.3 -0.2
III 0.7 2.3 1.6 1.8 0.6 1.1 -1.0 0.4 -9.9 -1.1
II -0.6 1.1 1.7 1.4 0.3 2.0 0.1 1.4 -10.3 -0.3
I -0.6 1.1 1.7 1.2 0.1 1.7 0.7 1.4 -2.6 0.8
---------------------------------------------------------------------------------------------------------
Indexes 2009=100
2018 I 109.9 129.9 118.2 119.4 102.5 108.7 101.0 106.1 136.9 109.3
2017 ANNUAL 108.9 r 126.9 r 116.6 117.2 r 102.3 r 107.7 r 100.7 r 105.3 r 138.4 r 108.8
2017 IV 109.4 r 128.6 r 117.6 118.3 r 102.4 r 108.2 r 100.5 r 105.6 r 140.3 r 109.2
III 109.1 127.4 116.8 117.6 102.6 107.8 100.9 105.5 139.6 109.1
II 109.0 126.8 116.4 116.5 102.2 106.9 100.4 104.8 139.0 108.3
I 108.0 124.9 115.6 116.4 102.1 107.7 100.9 105.4 134.6 108.5
2016 ANNUAL 107.7 123.5 114.6 115.4 102.9 107.1 99.9 104.7 138.0 108.2
2016 IV 107.4 123.6 115.1 115.1 101.7 107.1 101.1 105.1 135.5 108.3
III 108.7 124.9 114.9 116.2 103.4 106.9 98.9 104.2 136.5 107.6
II 107.2 122.6 114.4 115.7 103.4 107.9 100.1 105.3 134.1 108.3
I 107.7 122.8 114.1 114.6 103.1 106.4 99.7 104.1 146.0 108.5
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
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 -1.5 and 1.4 index points
approximately 95 percent of the time. This interval is based on the performance of this measure
between the fourth quarter of 1995 and the fourth quarter of 2017.
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 1978-2017 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 labor productivity, hourly compensation, and unit labor costs,
seasonally adjusted.
Real
Year Labor Hourly hourly Unit
and produc- Hours compensa- compensa- labor
quarter tivity Output worked tion (1) tion (2) costs
----------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2015 ANNUAL -1.5 r -0.6 r 1.0 2.5 2.3 4.1 r
2015 IV -2.8 r -1.3 r 1.5 8.5 8.3 11.6 r
III 2.0 r 0.6 r -1.3 1.9 0.3 0.0 r
II -1.2 r -1.3 r -0.1 3.6 0.8 4.9 r
I -2.8 r -3.6 r -0.8 0.4 3.0 3.3 r
2014 ANNUAL 0.0 1.6 1.6 2.8 1.1 2.8
2014 IV -3.5 r 0.6 r 4.3 4.9 5.7 8.7 r
III -0.2 r 1.5 r 1.7 2.2 1.1 2.4 r
II 0.7 r 4.5 r 3.8 -3.2 -5.2 -3.9 r
I 1.2 r -0.3 r -1.6 11.3 8.4 9.9 r
2013 ANNUAL 0.9 1.8 0.8 0.2 -1.3 -0.8
2013 IV -1.1 r 2.7 r 3.8 -1.1 -2.6 0.0 r
III -1.6 r 0.2 r 1.8 0.9 -1.3 2.5 r
II 3.1 r 1.0 -2.0 3.1 3.5 0.0 r
I 2.6 r 4.7 r 2.1 -4.6 -6.2 -7.0 r
----------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2015 ANNUAL -1.5 r -0.6 r 1.0 2.5 2.3 4.1 r
2015 IV -1.2 r -1.4 r -0.2 3.6 3.1 4.8 r
III -1.4 r -0.9 r 0.5 2.7 2.4 4.2 r
II -1.9 r -0.7 r 1.3 2.7 2.6 4.8 r
I -1.5 r 0.7 r 2.2 1.0 1.1 2.5 r
2014 ANNUAL 0.0 1.6 1.6 2.8 1.1 2.8
2014 IV -0.5 r 1.6 r 2.0 3.7 2.4 4.1 r
III 0.2 2.1 1.9 2.2 0.3 2.0 r
II -0.2 r 1.8 r 1.9 1.8 -0.3 2.0 r
I 0.4 r 0.9 r 0.5 3.4 1.9 3.0 r
2013 ANNUAL 0.9 1.8 0.8 0.2 -1.3 -0.8
2013 IV 0.8 r 2.2 r 1.4 -0.5 -1.7 -1.2 r
III 1.5 2.0 0.5 0.9 -0.6 -0.6
II 1.5 1.6 r 0.2 0.4 -1.0 -1.0 r
I 0.1 r 1.3 r 1.2 -0.2 -1.9 -0.3 r
----------------------------------------------------------------------------------------------------
Indexes 2009=100
2015 ANNUAL 105.3 r 113.6 r 107.8 110.7 100.0 105.1 r
2015 IV 104.9 r 113.3 r 107.9 112.9 101.6 107.6 r
III 105.7 r 113.7 r 107.5 110.6 99.6 104.7 r
II 105.2 r 113.5 r 107.9 110.1 99.5 104.7 r
I 105.5 r 113.9 r 107.9 109.1 99.3 103.4 r
2014 ANNUAL 107.0 r 114.2 r 106.8 108.0 97.7 101.0 r
2014 IV 106.3 r 114.9 r 108.1 109.0 98.6 102.6 r
III 107.2 r 114.7 r 107.0 107.7 97.2 100.5 r
II 107.3 r 114.3 r 106.5 107.2 96.9 99.9 r
I 107.1 r 113.0 r 105.6 108.0 98.3 100.9 r
2013 ANNUAL 107.0 r 112.5 r 105.1 105.1 96.7 98.2 r
2013 IV 106.8 r 113.1 r 106.0 105.2 96.3 98.5 r
III 107.0 r 112.4 r 105.0 105.5 96.9 98.5 r
II 107.5 r 112.3 r 104.5 105.2 97.2 97.9 r
I 106.6 r 112.0 r 105.1 104.4 96.4 97.9 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
Appendix table 2.
Durable manufacturing sector: Revised labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
Real
Year Labor Hourly hourly Unit
and produc- Hours compensa- compensa- labor
quarter tivity Output worked tion (1) tion (2) costs
----------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2015 ANNUAL -1.2 r -0.7 r 0.5 3.1 2.9 4.3 r
2015 IV -5.6 r -4.6 r 1.0 10.5 10.3 17.0 r
III 1.8 r -0.4 r -2.2 1.6 0.0 -0.3 r
II -0.9 r -1.4 r -0.5 2.9 0.1 3.8 r
I -3.0 r -4.2 r -1.3 2.2 4.8 5.3 r
2014 ANNUAL 0.6 2.8 2.2 2.3 0.6 1.7
2014 IV -0.9 r 1.3 r 2.2 6.1 7.0 7.0 r
III -0.1 r 3.0 r 3.2 2.3 1.1 2.4 r
II 0.4 r 6.2 r 5.8 -3.8 -5.8 -4.3 r
I 1.8 r 0.4 r -1.4 11.2 8.4 9.2 r
2013 ANNUAL 0.9 2.1 1.2 -0.6 -2.0 -1.5
2013 IV 0.4 r 4.8 r 4.5 -3.5 -5.0 -3.9 r
III -0.9 r 1.0 r 1.9 1.7 -0.5 2.6 r
II 3.3 r 1.2 r -2.0 2.3 2.7 -0.9
I 2.0 r 5.3 r 3.3 -6.0 -7.6 -7.8 r
----------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2015 ANNUAL -1.2 r -0.7 r 0.5 3.1 2.9 4.3 r
2015 IV -1.9 r -2.7 r -0.8 4.2 3.7 6.3 r
III -0.7 r -1.2 r -0.5 3.2 2.9 3.9 r
II -1.2 r -0.4 r 0.9 3.3 3.2 4.6 r
I -0.9 r 1.5 r 2.4 1.6 1.7 2.5 r
2014 ANNUAL 0.6 2.8 2.2 2.3 0.6 1.7
2014 IV 0.3 r 2.7 r 2.4 3.8 2.5 3.5 r
III 0.6 3.6 3.0 1.3 -0.5 0.7 r
II 0.4 r 3.1 r 2.7 1.2 -0.9 0.8 r
I 1.1 r 1.8 r 0.7 2.8 1.3 1.7 r
2013 ANNUAL 0.9 2.1 1.2 -0.6 -2.0 -1.5
2013 IV 1.2 r 3.0 r 1.9 -1.4 -2.7 -2.6 r
III 1.5 2.3 0.8 0.7 -0.9 -0.8
II 1.1 r 1.5 r 0.4 -0.3 -1.8 -1.4 r
I 0.0 r 1.6 1.6 -1.2 -2.9 -1.2 r
----------------------------------------------------------------------------------------------------
Indexes 2009=100
2015 ANNUAL 110.2 r 121.9 r 110.6 109.9 99.3 99.7 r
2015 IV 109.2 r 120.7 r 110.5 112.4 101.1 102.9 r
III 110.8 r 122.1 r 110.2 109.6 98.7 98.9 r
II 110.3 r 122.2 r 110.8 109.2 98.7 99.0 r
I 110.5 r 122.7 r 111.0 108.4 98.6 98.1 r
2014 ANNUAL 111.5 r 122.8 r 110.1 106.6 96.5 95.6 r
2014 IV 111.3 r 124.0 r 111.3 107.8 97.5 96.8 r
III 111.6 r 123.6 r 110.7 106.2 95.8 95.2 r
II 111.6 r 122.7 r 109.9 105.6 95.6 94.6 r
I 111.5 r 120.8 r 108.3 106.7 97.0 95.7 r
2013 ANNUAL 110.8 r 119.4 r 107.7 104.2 95.9 94.0 r
2013 IV 111.0 r 120.7 r 108.7 103.9 95.1 93.6 r
III 110.9 r 119.3 r 107.5 104.8 96.3 94.5 r
II 111.2 r 119.0 r 107.0 104.4 96.4 93.9 r
I 110.3 r 118.6 r 107.6 103.8 95.8 94.1 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
Appendix table 3.
Nondurable manufacturing sector: Revised labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
Real
Year Labor Hourly hourly Unit
and produc- Hours compensa- compensa- labor
quarter tivity Output worked tion (1) tion (2) costs
----------------------------------------------------------------------------------------------------
Percent change from previous quarter at annual rate(5)
2015 ANNUAL -1.2 r 0.5 r 1.7 1.5 1.3 2.7 r
2015 IV -0.6 r 1.9 r 2.5 4.9 4.8 5.6 r
III 1.7 r 1.8 r 0.1 2.9 1.2 1.2 r
II -1.1 r -0.3 r 0.8 5.0 2.2 6.2 r
I -1.3 r -1.2 r 0.1 -2.9 -0.4 -1.6 r
2014 ANNUAL 0.1 0.7 0.6 3.6 1.9 3.5
2014 IV -6.4 r 1.1 r 8.0 2.9 3.7 9.9 r
III 1.6 r 0.7 r -0.9 1.9 0.7 0.3 r
II 2.8 r 3.3 r 0.5 -2.3 -4.3 -5.0 r
I 1.1 r -0.8 r -1.9 11.4 8.6 10.2 r
2013 ANNUAL 1.3 1.5 0.2 1.5 0.1 0.2
2013 IV -1.9 r 0.6 r 2.6 3.6 2.1 5.7 r
III -2.0 r -0.4 r 1.6 -0.5 -2.7 1.5 r
II 2.9 r 0.9 -1.9 4.6 5.0 1.7
I 4.0 r 4.0 r 0.0 -2.0 -3.7 -5.8 r
----------------------------------------------------------------------------------------------------
Percent change from corresponding quarter of previous year
2015 ANNUAL -1.2 r 0.5 r 1.7 1.5 1.3 2.7 r
2015 IV -0.3 r 0.5 r 0.9 2.4 1.9 2.8 r
III -1.8 r 0.3 r 2.2 1.9 1.7 3.8 r
II -1.9 r 0.1 r 1.9 1.7 1.6 3.6 r
I -0.9 r 0.9 r 1.9 -0.2 -0.1 0.8 r
2014 ANNUAL 0.1 0.7 0.6 3.6 1.9 3.5
2014 IV -0.3 r 1.0 r 1.4 3.3 2.1 3.7 r
III 0.9 0.9 r 0.1 3.5 1.7 2.6
II 0.0 r 0.6 r 0.7 2.9 0.8 3.0 r
I 0.0 r 0.1 r 0.1 4.7 3.1 4.7 r
2013 ANNUAL 1.3 1.5 0.2 1.5 0.1 0.2
2013 IV 0.7 r 1.3 r 0.6 1.4 0.1 0.7 r
III 1.8 1.6 -0.1 1.2 -0.3 -0.5
II 2.1 r 1.9 r -0.2 1.8 0.3 -0.3 r
I 0.8 r 1.3 r 0.5 1.8 0.0 1.0 r
----------------------------------------------------------------------------------------------------
Indexes 2009=100
2015 ANNUAL 103.9 r 107.3 r 103.3 111.6 100.8 107.5 r
2015 IV 103.9 r 107.9 r 103.8 113.4 102.0 109.1 r
III 104.0 r 107.4 r 103.2 112.0 100.8 107.7 r
II 103.6 r 106.9 r 103.2 111.2 100.5 107.4 r
I 103.9 r 107.0 r 103.0 109.9 100.0 105.8 r
2014 ANNUAL 105.1 r 106.8 r 101.6 110.0 99.6 104.6 r
2014 IV 104.2 r 107.3 r 103.0 110.7 100.1 106.2 r
III 106.0 r 107.0 r 101.0 109.9 99.2 103.7 r
II 105.6 r 106.8 r 101.2 109.4 99.0 103.6 r
I 104.8 r 106.0 r 101.1 110.1 100.1 105.0 r
2013 ANNUAL 105.0 r 106.1 r 101.0 106.2 97.7 101.1 r
2013 IV 104.6 r 106.2 r 101.6 107.1 98.0 102.4 r
III 105.1 106.1 100.9 106.2 97.5 101.0
II 105.6 r 106.2 r 100.5 106.3 98.2 100.7 r
I 104.9 r 105.9 r 101.0 105.1 97.0 100.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6. June 6, 2018
r=revised Source: Bureau of Labor Statistics
United States Department of Labor
