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Productivity and Costs News Release



Transmission of material in this release is embargoed until                                  USDL 19-1476
8:30 a.m. (EDT) Thursday, August 15, 2019

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

                                   
                                     PRODUCTIVITY AND COSTS 
                                Second Quarter 2019, Preliminary

Nonfarm business sector labor productivity increased 2.3 percent in the second quarter of 2019, the 
U.S. Bureau of Labor Statistics reported today, as output increased 1.9 percent and hours worked 
decreased 0.4 percent. (All quarterly percent changes in this release are seasonally adjusted annual 
rates.) From the second quarter of 2018 to the second quarter of 2019, productivity increased 1.8 
percent, reflecting a 2.6-percent increase in output and a 0.8-percent increase in hours worked. (See table 
A1.) 

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 2.4 percent in the second quarter of 2019, and 
increased 2.5 percent over the last four quarters. (See table 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.

===========================================================================================================
                         Historical Revisions to Productivity and Costs Data

Data in this release reflect the 2019 Annual Update of the National Income and Product Accounts 
(NIPA) released by the Bureau of Economic Analysis of the U.S. Department of Commerce on July 26, 
2019. See “Revised measures” section.
===========================================================================================================

Manufacturing sector labor productivity decreased 1.6 percent in the second quarter of 2019, as 
output decreased 2.1 percent and hours worked declined 0.5 percent. Productivity declined 0.9 percent in 
the durable manufacturing sector, reflecting a 1.8-percent decrease in output and a 0.9-percent decrease 
in hours worked. Productivity decreased 2.6 percent in the nondurable manufacturing sector as output 
fell 2.4 percent and hours worked rose 0.3 percent. Over the last four quarters, total manufacturing 
sector productivity increased 0.2 percent, as output increased 0.4 percent and hours worked increased 
0.2 percent. Unit labor costs in the manufacturing sector increased 5.8 percent in the second quarter of 
2019, and increased 4.3 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. 

Revised first-quarter 2019 measures were announced today for the nonfinancial corporate sector. 
Productivity increased 1.5 percent in the first quarter of 2019 and increased 1.1 percent over the last four 
quarters. Unit labor costs increased 7.2 percent in the first quarter of 2019 and 1.4 percent from the same 
quarter last year. Unit profits of nonfinancial corporations fell at a 33.6-percent annual rate in the first 
quarter of 2019 and decreased 5.9 percent over the last four quarters. (See tables A2 and 6.)

Revised measures

Measures of output for the business, nonfarm business, and nonfinancial corporate sectors, and measures 
of compensation for all sectors incorporate revised National Income and Product Accounts (NIPA) data 
for first-quarter 2014 through first-quarter 2019 released on July 26 by the Bureau of Economic Analysis 
(BEA), U.S. Department of Commerce. As a result, all measures incorporating output and compensation 
were revised, including labor productivity and unit labor costs. Current dollar output and the implicit 
price deflators for the business and nonfarm business sectors were also subject to further revisions back 
to 1947 due to rounding. Measures of output for the manufacturing sectors incorporate regular updates 
of source data for the first quarter of 2019 and the fourth quarter of 2018. 

Measures of hours worked for all sectors incorporate regular updates of source data for the first quarter 
of 2019. Hours worked and related measures were revised back to 2003 for all sectors due to incorporation 
of revised ratios of supervisory and nonproduction worker average weekly hours to production and 
non-supervisory worker average weekly hours. Hours worked and related measures were revised back to 2010
for the business and nonfarm business sectors due to revised NIPA data on government enterprises employment
and on the proportion of sector compensation paid to employees of nonprofit institutions. Hours worked and 
related measures were revised back to 2000 for the nonfinancial corporate sector due to the incorporation
of revised NIPA data on the proportion of sector compensation paid to employees of corporations. Because 
hours worked were revised for the index base year of 2012, all measures incorporating hours worked--including 
productivity--were subject to revision back to 1947; resulting revisions to percent changes are small.

Table B1 presents revised and previous labor productivity and related measures for the nonfarm 
business, business, and manufacturing sectors for the first quarter of 2019; table C1 presents annual data 
for the nonfarm business, total manufacturing, and nonfinancial corporate sectors from 2016 to 2018. 

Nonfarm business sector productivity increased 3.5 percent in the first quarter of 2019--similar to 
the previously reported estimate (3.4 percent)--reflecting a 0.1-percentage point downward revision to 
hours worked. (See table B1.) A large upward revision to first-quarter unit labor costs--from a decrease 
of 1.6 percent to an increase of 5.5 percent--reflected a 7.4-percentage point upward revision to hourly 
compensation and a 0.1-percentage point upward revision to productivity.  Hourly compensation 
increased at a 9.2-percent annual rate in the first quarter of 2019, and real hourly compensation 
increased 8.3 percent--the largest quarterly gain since the fourth quarter of 2008 (14.3 percent).

Annual average productivity increased 1.3 percent in the nonfarm business sector in 2018 and 2017, 
and increased 0.3 percent in 2016. The average annual rate of productivity growth from 2007 to 2018--
representing the current business cycle--was unchanged at 1.3 percent. Unit labor costs increased 1.8 
percent in the nonfarm business sector in 2018, rather than increasing 1.2 percent, due to a 0.5-
percentage point upward revision to hourly compensation. Unit labor costs were revised down by 0.1 
percentage point in both 2017 and 2016. (See table C1.)

Manufacturing sector productivity was revised up and increased 1.1 percent in the first quarter of 
2019, as output declined less, and hours worked declined more, than previously reported. Productivity 
was also revised up in both the durable and nondurable manufacturing subsectors. In the first quarter of 
2019, total manufacturing unit labor costs increased 6.8 percent rather than increasing 2.0 percent as 
reported June 6, as a 5.6-percentage point upward revision to hourly compensation was partially offset by 
a 0.7-percentage point upward revision to productivity. (See table B1.)  Total manufacturing real hourly 
compensation increased 7.1 percent in first-quarter 2019--the largest increase since the second 
quarter of 2009 (8.0 percent). 
        
Annual average manufacturing productivity grew 0.7 percent in 2018, slightly less than previously 
reported, and was unrevised in 2017 and 2016. The average annual rate of manufacturing productivity 
growth from 2007 to 2018 also was unrevised at 0.7 percent. An upward revision to unit labor costs of 
0.6 percentage point in 2018 reflected a similar upward revision to hourly compensation. Revisions to 
2017 and 2016 unit labor costs were small. (See tables C1, 3, 4, and 5.)

Nonfinancial corporate sector productivity growth was revised up in the first quarter of 2019, to an 
increase of 1.5 percent, rather than the previously published decline of 0.4 percent. This revision was 
due solely to a 1.9-percentage point upward revision to output; hours worked were unrevised. Unit 
labor costs in the nonfinancial corporate sector were revised to an increase of 7.2 percent from a 
preliminary estimate of 2.0 percent, as a large upward revision to hourly compensation was partially 
offset by an upward revision to productivity. (See table A2.) Unit profits were revised downward for 
the first quarter of 2019, and fell 33.6 percent rather than falling 17.9 percent as previously reported. 
Historical revisions to nonfinancial corporate sector productivity due to the Annual Update of the
NIPA were larger than for other major sectors. Fourth-quarter 2018 productivity growth was unrevised
at 1.4 percent as a downward revision to output was offset by a downward revision to hours, but
productivity was revised down along with output in each of the previous six quarters. (See table 6.).

Annual average productivity in the nonfinancial corporate sector was revised downward in each of the 
last three years: from a 2.0-percent increase to a 0.2-percent decline in 2018; from a 1.7-percent 
increase to a 0.3-percent increase in 2017; and from no change to a decline of 1.1 percent in 2016. (See 
tables C1 and 6.) The average annual rate of productivity growth in the nonfinancial corporate sector 
from 2015 to 2018 was revised down from a 1.2-percent increase to a decline of 0.3 percent. The 
revisions to productivity were due primarily to downward revisions to profits, which are a component 
of output for this sector. Over the same 2015-2018 period profits were revised from a 2.0-percent 
increase to a 2.1-percent decrease. 

Complete annual and quarterly data series can be found on the Productivity and Costs home page: 
www.bls.gov/lpc/#data.
______________
The revised Productivity and Costs news release for second-quarter 2019 is scheduled to be 
released on Thursday, September 5, 2019 at 8:30 a.m. (EDT).





=========================================================================================================================
Table A1. Labor productivity growth and related measures - preliminary second-quarter 2019
(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           2.3          1.9     -0.4        4.8             1.8          2.4
                        A year ago                 1.8          2.6      0.8        4.3             2.5          2.5
                        
Business                Previous quarter           2.6          2.1     -0.5        5.0             2.0          2.3
                        A year ago                 1.8          2.7      0.9        4.3             2.4          2.5
                        
Manufacturing           Previous quarter          -1.6         -2.1     -0.5        4.1             1.1          5.8
                        A Year ago                 0.2          0.4      0.2        4.5             2.6          4.3
 Durable
 manufacturing          Previous quarter          -0.9         -1.8     -0.9        4.5             1.5          5.5
                        A year ago                 0.7          1.4      0.7        4.4             2.5          3.6
 Nondurable
 manufacturing          Previous quarter          -2.6         -2.4      0.3        3.5             0.5          6.3
                        A year ago                -0.1         -0.7     -0.6        4.5             2.6          4.6
=========================================================================================================================


=========================================================================================================================
Table A2. Labor productivity growth and related measures - revised and previously published first-quarter 2019
(percent change from previous quarter at annual rate)


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                                          productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------       
Nonfinancial             Revised                   1.5          3.5      2.0        8.9             7.9          7.2
corporate          Previously published           -0.4          1.6      2.0        1.6             0.7          2.0
=========================================================================================================================


=========================================================================================================================
Table B1. Labor productivity growth and related measures - revised and previously published first-quarter 2019
(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                   3.5          3.9      0.4        9.2             8.3          5.5
                   Previously published            3.4          3.9      0.5        1.8             0.9         -1.6
                        
Business                 Revised                   3.6          3.9      0.3        9.3             8.4          5.5
                   Previously published            3.5          3.9      0.4        1.9             1.0         -1.5
                        
Manufacturing            Revised                   1.1         -1.8     -2.9        8.0             7.1          6.8
                   Previously published            0.4         -2.0     -2.4        2.4             1.5          2.0

 Durable                 Revised                   0.1         -2.7     -2.8        8.4             7.5          8.4
 manufacturing     Previously published           -0.6         -2.8     -2.2        2.1             1.1          2.7
                        
 Nondurable              Revised                   2.4         -0.8     -3.2        7.3             6.3          4.7
 manufacturing     Previously published            1.6         -1.1     -2.6        3.1             2.2          1.5
=========================================================================================================================


=========================================================================================================================
Table C1. Labor productivity growth and related measures - revised and previous annual average changes: 2016-2018


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector           Year                           productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm          2018           Revised            1.3          3.5      2.1        3.1             0.7          1.8
business                 Previously published      1.3          3.5      2.1        2.6             0.2          1.2
                         
                                
                 2017           Revised            1.3          2.9      1.5        3.5             1.3          2.1
                         Previously published      1.2          2.7      1.5        3.4             1.2          2.2
                         

                 2016           Revised            0.3          1.7      1.4        1.1            -0.2          0.8
                         Previously published      0.2          1.6      1.4        1.1            -0.2          0.9
                         
                                
Manufacturing    2018           Revised            0.7          2.7      1.9        2.2            -0.3          1.4
                         Previously published      0.8          2.7      1.9        1.6            -0.8          0.8
                         
                        
                 2017           Revised            1.2          2.2      1.0        3.5             1.3          2.3
                         Previously published      1.2          2.2      1.0        3.3             1.2          2.1
                         

                 2016           Revised           -0.1         -0.1      0.0        0.5            -0.7          0.6
                         Previously published     -0.1         -0.1      0.0        0.6            -0.7          0.7
                         
                               
Nonfinancial     2018           Revised           -0.2          1.9      2.1        3.2             0.8          3.4
corporate                Previously published      2.0          4.1      2.1        2.1            -0.4          0.1
                         

                 2017          Revised             0.3          2.0      1.7        3.3             1.1          3.0
                        Previously published       1.7          3.4      1.7        3.2             1.0          1.5
                        
                        
                 2016           Revised           -1.1          0.3      1.4        1.1            -0.2          2.3
                         Previously published      0.0          1.5      1.5        1.1            -0.2          1.0
=========================================================================================================================



					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 77 percent of the value of GDP in 2018. Nonfarm business, 
which excludes farming, accounted for about 76 percent of GDP in 2018.

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 55 percent of the value of GDP in 2018. 
     
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 2012=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)

2019 II        2.6         2.1       -0.5        5.0        2.0        2.3        3.6        2.9  
     I         3.6 r       3.9        0.3 r      9.3 r      8.4 r      5.5 r     -7.0 r     -0.1 r

2018 ANNUAL    1.3 r       3.4        2.0        3.2 r      0.8 r      1.9 r      2.8 r      2.3 r

2018 IV        0.0 r       1.2 r      1.3 r      0.5 r     -1.0 r      0.5 r      2.1 r      1.2 r
     III       0.8 r       3.4 r      2.6 r      2.6 r      0.6 r      1.7 r      1.1 r      1.5 r
     II        2.4 r       4.0 r      1.5        0.7 r     -1.4 r     -1.7 r     10.8 r      3.6  
     I         1.3 r       2.9 r      1.6 r      4.7        1.4        3.4 r      0.1 r      2.0 r

2017 ANNUAL    1.3 r       2.8 r      1.5        3.5 r      1.3        2.1 r      1.2 r      1.7  

2017 IV        0.1 r       4.1 r      4.0        4.4 r      1.2 r      4.3 r      0.7 r      2.7 r
     III       3.4 r       4.0 r      0.5 r      5.0 r      2.8 r      1.5 r      2.9 r      2.1 r
     II        0.4 r       2.6 r      2.2 r      2.1 r      1.7 r      1.7 r      0.3 r      1.1 r
     I         0.6 r       2.6 r      2.0        3.5 r      0.7 r      2.9 r      0.1 r      1.7 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2019 II        1.8         2.7        0.9        4.3        2.4        2.5       -0.1        1.4  
     I         1.7 r       3.1 r      1.4        3.2 r      1.6 r      1.5 r      1.6 r      1.5 r

2018 ANNUAL    1.3 r       3.4        2.0        3.2 r      0.8 r      1.9 r      2.8 r      2.3 r

2018 IV        1.1 r       2.9 r      1.7        2.1 r     -0.1 r      1.0 r      3.5 r      2.1  
     III       1.2         3.6        2.4        3.1 r      0.5 r      1.9 r      3.1 r      2.4  
     II        1.8 r       3.7 r      1.9        3.7 r      1.0 r      1.9 r      3.5 r      2.6  
     I         1.3 r       3.4 r      2.1 r      4.0 r      1.8 r      2.7 r      1.0 r      2.0 r

2017 ANNUAL    1.3 r       2.8 r      1.5        3.5 r      1.3        2.1 r      1.2 r      1.7  

2017 IV        1.1 r       3.3 r      2.2        3.7 r      1.6 r      2.6 r      1.0 r      1.9  
     III       1.7 r       2.9 r      1.2        4.0 r      1.9 r      2.2 r      0.9 r      1.6  
     II        1.3 r       2.6 r      1.3 r      3.3 r      1.3 r      2.0 r      0.7 r      1.4  
     I         1.3 r       2.5 r      1.2        3.0 r      0.4 r      1.7 r      2.2 r      1.9 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2019 II      107.9       121.2      112.3      120.3      108.1      111.5      108.3      110.1  
     I       107.2 r     120.6 r    112.5 r    118.9 r    107.5 r    110.9 r    107.4 r    109.4 r

2018 ANNUAL  106.0 r     118.3 r    111.7 r    115.7 r    105.6 r    109.2 r    108.1 r    108.7 r

2018 IV      106.3 r     119.4 r    112.4 r    116.2 r    105.4 r    109.4 r    109.4 r    109.4 r
     III     106.3 r     119.0 r    112.0 r    116.1 r    105.7 r    109.3 r    108.8 r    109.1 r
     II      106.0 r     118.0 r    111.3 r    115.4 r    105.5 r    108.8 r    108.5 r    108.7 r
     I       105.4 r     116.9 r    110.9 r    115.1 r    105.9 r    109.2 r    105.7 r    107.7 r

2017 ANNUAL  104.6 r     114.4 r    109.4 r    112.1 r    104.8 r    107.2 r    105.2 r    106.3 r

2017 IV      105.1 r     116.1 r    110.5 r    113.8 r    105.5 r    108.3 r    105.7 r    107.2 r
     III     105.0 r     114.9 r    109.4 r    112.6 r    105.2 r    107.2 r    105.5 r    106.5 r
     II      104.2 r     113.8 r    109.2 r    111.2 r    104.5 r    106.8 r    104.8 r    105.9 r
     I       104.0 r     113.1 r    108.7 r    110.7 r    104.0 r    106.4 r    104.7 r    105.6 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 15, 2019
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)

2019 II        2.3         1.9       -0.4        4.8        1.8        2.4        3.7        2.9  
     I         3.5 r       3.9        0.4 r      9.2 r      8.3 r      5.5 r     -6.9 r      0.0 r

2018 ANNUAL    1.3         3.5        2.1        3.1 r      0.7 r      1.8 r      3.0 r      2.3 r

2018 IV        0.1 r       1.2 r      1.1 r      0.7 r     -0.8 r      0.6 r      1.9 r      1.2 r
     III       1.2 r       3.5 r      2.2 r      2.9 r      0.9 r      1.6        1.9 r      1.7 r
     II        1.8 r       4.0 r      2.1        0.3 r     -1.9 r     -1.6 r     10.9 r      3.6  
     I         0.9 r       2.9 r      2.0 r      4.1        0.9        3.2 r      0.4 r      2.0 r

2017 ANNUAL    1.3 r       2.9 r      1.5        3.5 r      1.3 r      2.1 r      1.0 r      1.6  

2017 IV        0.9 r       4.2 r      3.3        5.2 r      2.0 r      4.3 r      0.8 r      2.7 r
     III       3.0 r       4.2 r      1.2 r      4.4 r      2.2 r      1.4 r      3.2 r      2.2 r
     II        0.5 r       2.7 r      2.2 r      2.1 r      1.7 r      1.6 r      0.4 r      1.1 r
     I         1.0 r       2.5 r      1.5        4.2 r      1.4 r      3.1 r     -1.4 r      1.2 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2019 II        1.8         2.6        0.8        4.3        2.5        2.5        0.1        1.4  
     I         1.7 r       3.2 r      1.5        3.2 r      1.5 r      1.5 r      1.8 r      1.6 r

2018 ANNUAL    1.3         3.5        2.1        3.1 r      0.7 r      1.8 r      3.0 r      2.3 r

2018 IV        1.0 r       2.9 r      1.9 r      2.0 r     -0.2 r      1.0 r      3.7 r      2.1  
     III       1.2 r       3.6        2.4 r      3.1 r      0.5 r      1.9 r      3.4 r      2.5 r
     II        1.6 r       3.8 r      2.1        3.5 r      0.8 r      1.8 r      3.7 r      2.6  
     I         1.3 r       3.5 r      2.2        3.9 r      1.7 r      2.6 r      1.2 r      2.0 r

2017 ANNUAL    1.3 r       2.9 r      1.5        3.5 r      1.3 r      2.1 r      1.0 r      1.6  

2017 IV        1.3 r       3.4 r      2.0        4.0 r      1.8 r      2.6 r      0.7 r      1.8  
     III       1.6 r       3.0 r      1.5        3.8 r      1.7 r      2.2 r      0.7 r      1.5  
     II        1.2         2.6        1.4        3.2        1.2 r      2.0        0.6 r      1.4  
     I         1.2 r       2.4 r      1.2        2.9 r      0.4 r      1.7 r      2.1 r      1.9  
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2019 II      107.5       120.9      112.5      120.3      108.1      111.9      109.5      110.8  
     I       106.9 r     120.4 r    112.6 r    118.9 r    107.6 r    111.2 r    108.5 r    110.0 r

2018 ANNUAL  105.7 r     118.1 r    111.8 r    115.8 r    105.7 r    109.5 r    109.1 r    109.3 r

2018 IV      106.0 r     119.2 r    112.4 r    116.4 r    105.5 r    109.8 r    110.4 r    110.0 r
     III     106.0 r     118.8 r    112.1 r    116.1 r    105.7 r    109.6 r    109.9 r    109.7 r
     II      105.7 r     117.8 r    111.5 r    115.3 r    105.5 r    109.1 r    109.4 r    109.3 r
     I       105.2 r     116.7 r    110.9 r    115.2 r    106.0 r    109.6 r    106.6 r    108.3 r

2017 ANNUAL  104.4 r     114.2 r    109.4 r    112.3 r    105.0 r    107.6 r    105.9 r    106.9 r

2017 IV      104.9 r     115.8 r    110.4 r    114.1 r    105.7 r    108.7 r    106.5 r    107.8 r
     III     104.7 r     114.7 r    109.5 r    112.7 r    105.2 r    107.6 r    106.3 r    107.0 r
     II      103.9 r     113.5 r    109.2 r    111.4 r    104.6 r    107.2 r    105.5 r    106.5 r
     I       103.8 r     112.7 r    108.6 r    110.9 r    104.2 r    106.8 r    105.4 r    106.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 15, 2019
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)

2019 II           -1.6           -2.1           -0.5            4.1            1.1            5.8  
     I             1.1 r         -1.8 r         -2.9 r          8.0 r          7.1 r          6.8 r

2018 ANNUAL        0.7 r          2.7            1.9            2.2 r         -0.3 r          1.4 r

2018 IV            0.9 r          1.6            0.7 r          3.4            1.8            2.5 r
     III           0.4 r          4.0            3.6 r          2.4 r          0.4 r          2.0 r
     II            1.4 r          2.7            1.2 r         -4.6 r         -6.7 r         -6.0 r
     I            -0.2 r          1.9            2.2 r          4.4 r          1.2 r          4.7 r

2017 ANNUAL        1.2            2.2            1.0            3.5 r          1.3 r          2.3 r

2017 IV            3.9 r          5.7            1.7 r          5.4 r          2.2 r          1.4 r
     III          -4.0 r         -1.5            2.7 r          1.9 r         -0.2 r          6.2 r
     II            3.8 r          3.6           -0.2 r          3.9 r          3.5 r          0.1 r
     I             0.9 r          3.0            2.1 r          3.9 r          1.1 r          3.0 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2019 II            0.2            0.4            0.2            4.5            2.6            4.3  
     I             0.9 r          1.6            0.6 r          2.2 r          0.5 r          1.2 r

2018 ANNUAL        0.7 r          2.7            1.9            2.2 r         -0.3 r          1.4 r

2018 IV            0.6 r          2.5            1.9            1.3 r         -0.9 r          0.7 r
     III           1.4 r          3.6            2.2 r          1.8 r         -0.8 r          0.5 r
     II            0.2            2.2            1.9 r          1.7 r         -0.9 r          1.5 r
     I             0.8            2.4            1.6 r          3.9 r          1.6 r          3.1 r

2017 ANNUAL        1.2            2.2            1.0            3.5 r          1.3 r          2.3 r

2017 IV            1.1 r          2.7            1.6 r          3.8 r          1.6 r          2.7 r
     III           0.8            1.9            1.2            3.7 r          1.7 r          2.9 r
     II            2.1            2.8            0.7            3.7 r          1.7 r          1.6 r
     I             0.8 r          1.5            0.7            3.0 r          0.4 r          2.2 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2019 II          101.6          108.0          106.3          116.7          104.8          114.8  
     I           102.0 r        108.5 r        106.4 r        115.5 r        104.5 r        113.2 r

2018 ANNUAL      101.4 r        108.0 r        106.5 r        112.6 r        102.8 r        111.0 r

2018 IV          101.7 r        109.0 r        107.2 r        113.3 r        102.7 r        111.4 r
     III         101.5 r        108.6          107.0 r        112.4 r        102.3 r        110.7 r
     II          101.4 r        107.5          106.0 r        111.7 r        102.2 r        110.1 r
     I           101.1 r        106.8          105.7 r        113.0 r        103.9 r        111.8 r

2017 ANNUAL      100.7 r        105.2          104.5 r        110.2 r        103.0 r        109.5 r

2017 IV          101.1 r        106.3          105.1 r        111.8 r        103.6 r        110.6 r
     III         100.2 r        104.9          104.7 r        110.4 r        103.1 r        110.2 r
     II          101.2 r        105.3          104.0 r        109.8 r        103.1 r        108.5 r
     I           100.3 r        104.3          104.0 r        108.8 r        102.3 r        108.5 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 15, 2019
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)

2019 II           -0.9           -1.8           -0.9            4.5            1.5            5.5  
     I             0.1 r         -2.7 r         -2.8 r          8.4 r          7.5 r          8.4 r

2018 ANNUAL        1.1 r          3.4            2.3 r          2.6 r          0.2 r          1.5 r

2018 IV            2.0            4.7            2.7 r          3.0            1.5 r          1.0 r
     III           1.9            5.8            3.8            1.8 r         -0.2 r         -0.1 r
     II            0.3 r          2.2            1.9 r         -4.3 r         -6.3 r         -4.6 r
     I             0.4            3.9            3.5            4.2 r          1.0 r          3.8 r

2017 ANNUAL        1.7            2.3            0.6            4.2 r          2.0 r          2.5 r

2017 IV            4.0 r          5.3            1.2 r          7.5 r          4.3 r          3.4 r
     III          -3.5 r         -1.3            2.3 r          1.5 r         -0.7 r          5.2 r
     II            5.0 r          2.8           -2.1 r          6.9 r          6.5 r          1.8 r
     I             0.9 r          3.9            2.9            3.4 r          0.5 r          2.4 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2019 II            0.7            1.4            0.7            4.4            2.5            3.6  
     I             1.1 r          2.5 r          1.4 r          2.1 r          0.5 r          1.1 r

2018 ANNUAL        1.1 r          3.4            2.3 r          2.6 r          0.2 r          1.5 r

2018 IV            1.1 r          4.1            3.0 r          1.1 r         -1.1 r          0.0 r
     III           1.6 r          4.3            2.6 r          2.2 r         -0.4 r          0.6 r
     II            0.3            2.5            2.2            2.1 r         -0.5 r          1.9 r
     I             1.4 r          2.6            1.2 r          5.0 r          2.7 r          3.6 r

2017 ANNUAL        1.7            2.3            0.6            4.2 r          2.0 r          2.5 r

2017 IV            1.6            2.6            1.1 r          4.8 r          2.6 r          3.2 r
     III           1.1 r          1.9            0.8            4.3 r          2.3 r          3.2 r
     II            2.8            3.0            0.2            4.6            2.6            1.8  
     I             1.3            1.8            0.4 r          3.2 r          0.6 r          1.8 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2019 II          102.5          109.3          106.6          117.7          105.7          114.9  
     I           102.7 r        109.8 r        106.9 r        116.4 r        105.3 r        113.4 r

2018 ANNUAL      102.1 r        108.7          106.5 r        113.5 r        103.6 r        111.2 r

2018 IV          102.7 r        110.6 r        107.6 r        114.1 r        103.5 r        111.1 r
     III         102.2 r        109.3          106.9 r        113.3 r        103.1 r        110.8 r
     II          101.7 r        107.7          105.9 r        112.8 r        103.1 r        110.9 r
     I           101.7 r        107.2          105.4 r        114.0 r        104.8 r        112.2 r

2017 ANNUAL      101.0 r        105.1          104.1 r        110.7 r        103.5 r        109.6 r

2017 IV          101.6 r        106.1          104.5 r        112.8 r        104.6 r        111.1 r
     III         100.6 r        104.8          104.2 r        110.8 r        103.5 r        110.2 r
     II          101.5 r        105.1          103.6 r        110.4 r        103.7 r        108.8 r
     I           100.2 r        104.4          104.2 r        108.6 r        102.1 r        108.3 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 15, 2019
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)

2019 II           -2.6           -2.4            0.3            3.5            0.5            6.3  
     I             2.4 r         -0.8 r         -3.2 r          7.3 r          6.3 r          4.7 r

2018 ANNUAL        0.6            1.9            1.4 r          1.2 r         -1.2 r          0.7 r

2018 IV            1.0           -1.6           -2.6            3.6 r          2.1            2.6 r
     III          -1.2 r          2.2            3.4 r          3.5 r          1.5 r          4.7 r
     II            3.0 r          3.1            0.1 r         -5.5 r         -7.5 r         -8.3 r
     I            -0.1 r         -0.1            0.0 r          4.4 r          1.1 r          4.5 r

2017 ANNUAL        0.2            1.9            1.7            2.3 r          0.1 r          2.1 r

2017 IV            3.4 r          6.2            2.6 r          1.4 r         -1.7 r         -1.9 r
     III          -4.8 r         -1.6            3.3 r          2.9 r          0.8 r          8.1 r
     II            1.2 r          4.4            3.2 r         -1.3 r         -1.7 r         -2.5 r
     I             1.3 r          2.0            0.6 r          4.8 r          1.9 r          3.4  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2019 II           -0.1           -0.7           -0.6            4.5            2.6            4.6  
     I             1.3 r          0.7 r         -0.6 r          2.1 r          0.5 r          0.8 r

2018 ANNUAL        0.6            1.9            1.4 r          1.2 r         -1.2 r          0.7 r

2018 IV            0.7 r          0.9            0.2 r          1.4 r         -0.8 r          0.7 r
     III           1.3 r          2.8            1.5 r          0.9           -1.7           -0.4 r
     II            0.3 r          1.8            1.5 r          0.7 r         -1.9 r          0.4 r
     I            -0.1            2.2            2.3            1.8 r         -0.4 r          1.9 r

2017 ANNUAL        0.2            1.9            1.7            2.3 r          0.1 r          2.1 r

2017 IV            0.2 r          2.7            2.5 r          1.9 r         -0.2 r          1.7 r
     III           0.1            1.9            1.7 r          2.5 r          0.5 r          2.4 r
     II            0.9 r          2.4            1.5            2.1 r          0.1 r          1.2 r
     I            -0.4            0.9            1.3 r          2.6 r          0.0 r          3.0 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2019 II          101.8          107.5          105.6          114.6          102.9          112.6  
     I           102.5 r        108.1 r        105.5 r        113.6 r        102.8 r        110.9 r

2018 ANNUAL      101.6 r        108.2 r        106.5 r        110.8 r        101.1 r        109.0 r

2018 IV          101.9 r        108.4 r        106.4 r        111.6 r        101.2 r        109.6 r
     III         101.6 r        108.8          107.1 r        110.6 r        100.7 r        108.9 r
     II          101.9 r        108.2          106.2 r        109.7 r        100.3 r        107.6 r
     I           101.1 r        107.4          106.2 r        111.2 r        102.3 r        110.0 r

2017 ANNUAL      101.1 r        106.2          105.0 r        109.5 r        102.3 r        108.3 r

2017 IV          101.2 r        107.4          106.2 r        110.1 r        102.0 r        108.8 r
     III         100.3 r        105.8          105.5 r        109.7 r        102.4 r        109.3 r
     II          101.5 r        106.3          104.6 r        108.9 r        102.2 r        107.2 r
     I           101.3 r        105.1          103.8 r        109.2 r        102.7 r        107.9 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 15, 2019
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)

2019 I         1.5 r     3.5 r    2.0       8.9 r     7.9 r     7.2 r    1.2 r    5.3 r  -33.6 r   -0.1 r

2018 ANNUAL   -0.2 r     1.9 r    2.1       3.2 r     0.8 r     3.4 r    3.0 r    3.3 r   -1.1 r    2.8 r

2018 IV        1.4       2.4 r    1.1 r     0.4 r    -1.1 r    -1.0      3.5 r    0.5      0.0 r    0.4 r
     III       4.6 r     6.3 r    1.7 r     1.4 r    -0.6 r    -3.0 r   -2.5 r   -2.9 r   12.7 r   -1.2 r
     II       -3.1 r    -0.4 r    2.8      -0.6 r    -2.7 r     2.5 r    5.3 r    3.4 r    4.8 r    3.6 r
     I         1.4 r     3.3 r    1.9 r     9.7 r     6.3 r     8.2 r    1.6 r    6.0 r    0.2 r    5.3 r

2017 ANNUAL    0.3 r     2.0 r    1.7       3.3 r     1.1 r     3.0 r    2.2 r    2.7 r   -2.9 r    2.0 r

2017 IV       -0.9 r     1.7 r    2.7       2.6 r    -0.5 r     3.6 r    4.3 r    3.8 r   -7.6 r    2.4 r
     III      -3.5 r    -2.3 r    1.3 r     2.3 r     0.2 r     6.0 r    6.6 r    6.2 r  -16.0 r    3.2 r
     II        0.6 r     3.4 r    2.8 r     0.5 r     0.1 r    -0.1 r    1.5 r    0.4 r    3.2 r    0.7 r
     I         4.8 r     6.7 r    1.8       7.8 r     4.8 r     2.8 r   -3.7 r    0.6 r   16.4 r    2.5 r
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2019 I         1.1 r     2.9 r    1.9       2.4 r     0.8 r     1.4 r    1.8 r    1.5 r   -5.9 r    0.7 r

2018 ANNUAL   -0.2 r     1.9 r    2.1       3.2 r     0.8 r     3.4 r    3.0 r    3.3 r   -1.1 r    2.8 r

2018 IV        1.0 r     2.9 r    1.9 r     2.6 r     0.4 r     1.6 r    1.9 r    1.7 r    4.3 r    2.0 r
     III       0.5 r     2.7 r    2.3 r     3.2 r     0.6 r     2.7 r    2.1 r    2.5 r    2.2 r    2.5 r
     II       -1.5 r     0.6 r    2.2       3.4 r     0.8 r     5.1 r    4.4 r    4.9 r   -5.0 r    3.6 r
     I        -0.6 r     1.5 r    2.2       3.7 r     1.5 r     4.4 r    3.5 r    4.1 r   -5.4 r    2.9 r

2017 ANNUAL    0.3 r     2.0 r    1.7       3.3 r     1.1 r     3.0 r    2.2 r    2.7 r   -2.9 r    2.0 r

2017 IV        0.2 r     2.3 r    2.1       3.3 r     1.1 r     3.1 r    2.1 r    2.7 r   -1.8 r    2.2 r
     III       0.3 r     2.0 r    1.6       3.4 r     1.4 r     3.1 r    2.5 r    2.9 r   -4.0 r    2.0 r
     II        1.2 r     3.0 r    1.7       3.1 r     1.2       1.9 r    1.1 r    1.6 r    0.6 r    1.5 r
     I        -0.7 r     0.6 r    1.3       3.2 r     0.6 r     3.9 r    3.0 r    3.6 r   -6.2 r    2.3 r
---------------------------------------------------------------------------------------------------------
                                            Indexes 2012=100

2019 I       102.0 r   116.4 r  114.1 r   118.2 r   107.0 r   115.9 r  111.0 r  114.3 r   82.0 r  109.7 r

2018 ANNUAL  101.0 r   114.0 r  112.9 r   115.5 r   105.4 r   114.3 r  110.0 r  112.9 r   89.3 r  109.5 r

2018 IV      101.6 r   115.4 r  113.5 r   115.7 r   104.9 r   113.9 r  110.7 r  112.8 r   90.9 r  109.7 r
     III     101.3 r   114.7 r  113.2 r   115.6 r   105.2 r   114.2 r  109.7 r  112.7 r   90.9 r  109.6 r
     II      100.2 r   112.9 r  112.8 r   115.2 r   105.4 r   115.0 r  110.4 r  113.5 r   88.2 r  109.9 r
     I       101.0 r   113.0 r  112.0 r   115.4 r   106.1 r   114.3 r  109.0 r  112.6 r   87.2 r  108.9 r

2017 ANNUAL  101.2 r   111.9 r  110.5 r   111.9 r   104.6 r   110.6 r  106.8 r  109.3 r   90.3 r  106.6 r

2017 IV      100.6 r   112.1 r  111.5 r   112.8 r   104.5 r   112.1 r  108.6 r  110.9 r   87.2 r  107.5 r
     III     100.8 r   111.6 r  110.7 r   112.0 r   104.6 r   111.1 r  107.5 r  109.9 r   88.9 r  106.9 r
     II      101.7 r   112.3 r  110.4 r   111.4 r   104.6 r   109.5 r  105.7 r  108.2 r   92.9 r  106.0 r
     I       101.6 r   111.3 r  109.6 r   111.3 r   104.6 r   109.5 r  105.4 r  108.1 r   92.1 r  105.9 r
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                          August 15, 2019
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 first 
quarter of 2019. 

					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 1978-2018 is based on the Consumer Price Index research series (CPI-U-RS).

(3) Unit nonlabor payments include profits, consumption of fixed capital, taxes on production and 
imports less subsidies, net interest and miscellaneous payments, business current transfer payments, 
rental income of persons, and the current surplus of government enterprises.

(4) Current dollar output divided by the output index.

(5) Quarterly changes: Percent change compounded at annual rate is calculated using index numbers to 
three decimal places. Indexes published in the news release are rounded to one decimal place for 
convenience. Annual changes: Percent change is calculated using annual indexes to three decimal 
places.

(6) Unit nonlabor costs include consumption of fixed capital, taxes on production and imports less 
subsidies, net interest and miscellaneous payments, and business current transfer payments.

(7) Total unit costs are the sum of unit labor and nonlabor costs.

(8) Unit profits include corporate profits before tax with inventory valuation and capital consumption 
adjustments.



Appendix table 1.
 Business sector: Revised 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)

 2016 ANNUAL    0.3 r       1.8 r      1.5        1.1       -0.2        0.8 r      0.8 r      0.8 r

 2016 IV        2.4 r       2.5 r      0.2        5.2 r      2.5 r      2.8 r      0.2 r      1.6 r
      III       1.8 r       2.6 r      0.8 r      2.3 r      0.4 r      0.6 r      2.2 r      1.3  
      II        0.4 r       2.1 r      1.7 r      0.8 r     -2.0 r      0.4 r      6.5 r      3.0 r
      I         1.0 r       2.3 r      1.3 r      0.3 r      0.4       -0.7 r     -1.2 r     -0.9 r

 2015 ANNUAL    1.2         3.5        2.3        2.9 r      2.7        1.6 r     -0.8 r      0.6  

 2015 IV       -3.6 r      -0.3 r      3.4       -1.0       -1.0 r      2.7 r     -4.5 r     -0.5 r
      III       1.4 r       1.3 r     -0.1        1.9 r      0.2 r      0.5 r      2.2 r      1.2 r
      II        2.0 r       3.6 r      1.6 r      3.4 r      0.6 r      1.4        3.1        2.1 r
      I         2.7         3.9 r      1.2 r      4.9        7.6        2.2       -5.0 r     -1.1 r

 2014 ANNUAL    0.7         3.1 r      2.4        2.6        0.9        1.9        1.3        1.6 r

 2014 IV       -2.0 r       2.8 r      4.9 r      4.0 r      5.0 r      6.1 r     -7.2 r      0.0 r
      III       3.1         6.4        3.2 r      1.8 r      0.7 r     -1.3 r      4.7 r      1.3 r
      II        3.8 r       7.0 r      3.1       -2.1 r     -4.2 r     -5.7 r     13.7 r      2.4 r
      I        -3.5 r      -2.0 r      1.6        8.4 r      5.7 r     12.4 r    -10.7 r      1.6 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2016 ANNUAL    0.3 r       1.8 r      1.5        1.1       -0.2        0.8 r      0.8 r      0.8 r

 2016 IV        1.4 r       2.4 r      1.0        2.2 r      0.3        0.8 r      1.9 r      1.2 r
      III      -0.1 r       1.7 r      1.8        0.6 r     -0.5 r      0.7 r      0.7 r      0.7 r
      II       -0.2 r       1.3        1.5 r      0.5 r     -0.6 r      0.7        0.7 r      0.7 r
      I         0.2 r       1.7 r      1.5        1.1 r      0.1 r      1.0 r     -0.2        0.5 r

 2015 ANNUAL    1.2         3.5        2.3        2.9 r      2.7        1.6 r     -0.8 r      0.6  

 2015 IV        0.6 r       2.1 r      1.5 r      2.3 r      1.8 r      1.7 r     -1.1 r      0.4  
      III       1.0 r       2.9 r      1.9        3.5 r      3.3 r      2.5 r     -1.9 r      0.6  
      II        1.4 r       4.2        2.7        3.5        3.4        2.1 r     -1.3 r      0.6  
      I         1.9 r       5.0 r      3.1        2.1 r      2.2 r      0.2 r      1.2 r      0.6 r

 2014 ANNUAL    0.7         3.1 r      2.4        2.6        0.9        1.9        1.3        1.6 r

 2014 IV        0.3 r       3.5 r      3.2 r      3.0 r      1.7 r      2.7       -0.4 r      1.3 r
      III       1.5 r       3.9 r      2.4 r      2.6 r      0.8 r      1.1        2.7 r      1.8 r
      II        1.1 r       3.3        2.2        1.8       -0.3        0.7 r      3.5 r      1.9  
      I         0.0 r       1.7 r      1.7        3.1 r      1.6 r      3.1 r     -0.5 r      1.5 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2016 ANNUAL  103.2 r     111.3 r    107.9 r    108.3 r    103.4 r    105.0 r    103.9 r    104.5 r

 2016 IV      103.9 r     112.3 r    108.1 r    109.7 r    103.8 r    105.6 r    104.7 r    105.2 r
      III     103.3 r     111.6 r    108.1 r    108.3 r    103.2 r    104.9 r    104.6 r    104.8 r
      II      102.8 r     110.9 r    107.9 r    107.7 r    103.1 r    104.7 r    104.0 r    104.4 r
      I       102.7 r     110.3 r    107.4 r    107.5 r    103.6 r    104.6 r    102.4 r    103.7 r

 2015 ANNUAL  102.9 r     109.4 r    106.3 r    107.1 r    103.6 r    104.1 r    103.2 r    103.7 r

 2015 IV      102.5 r     109.7 r    107.1 r    107.4 r    103.5 r    104.8 r    102.7 r    103.9 r
      III     103.4 r     109.8 r    106.2 r    107.7 r    103.8 r    104.1 r    103.9 r    104.0 r
      II      103.1 r     109.5 r    106.2 r    107.2 r    103.7 r    104.0 r    103.4 r    103.7 r
      I       102.6 r     108.5 r    105.8 r    106.3 r    103.5 r    103.6 r    102.6 r    103.2 r

 2014 ANNUAL  101.6 r     105.6 r    103.9 r    104.1 r    100.9 r    102.5 r    104.0 r    103.1 r

 2014 IV      101.9 r     107.5 r    105.5 r    105.0 r    101.7 r    103.1 r    103.9 r    103.4 r
      III     102.4 r     106.7 r    104.2 r    104.0 r    100.4 r    101.6 r    105.9 r    103.5 r
      II      101.6 r     105.1 r    103.4 r    103.5 r    100.3 r    101.9 r    104.7 r    103.1 r
      I       100.7 r     103.3 r    102.6 r    104.1 r    101.3 r    103.4 r    101.4 r    102.5 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 15, 2019
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 2.
 Nonfarm business sector: Revised 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)

 2016 ANNUAL    0.3 r       1.7 r      1.4        1.1       -0.2        0.8 r      1.2        1.0 r

 2016 IV        1.8 r       2.7 r      0.9        4.4 r      1.7 r      2.5 r      0.7 r      1.7 r
      III       1.4 r       2.4 r      1.0        2.0 r      0.1 r      0.6 r      2.7 r      1.5  
      II        0.6 r       2.0 r      1.4 r      1.2 r     -1.6 r      0.6 r      6.4 r      3.1 r
      I         1.2 r       2.3 r      1.1        0.4 r      0.5 r     -0.8 r      0.0 r     -0.5 r

 2015 ANNUAL    1.3         3.5        2.1 r      3.1        2.9        1.7 r     -0.4 r      0.8  

 2015 IV       -3.5 r      -0.4 r      3.2       -0.8 r     -0.9        2.8 r     -4.2 r     -0.3 r
      III       1.3 r       1.2 r     -0.1 r      1.8 r      0.2 r      0.5 r      2.0 r      1.2  
      II        1.7 r       3.7 r      2.0 r      3.1 r      0.3 r      1.4        3.0 r      2.1  
      I         2.9 r       3.8 r      0.8 r      5.3        8.0        2.3       -3.6 r     -0.3 r

 2014 ANNUAL    0.9 r       3.2 r      2.3        2.8        1.1        1.9 r      1.6        1.8  

 2014 IV       -1.7 r       2.7 r      4.6 r      4.4 r      5.4 r      6.3 r     -7.3 r      0.0 r
      III       3.7         6.5 r      2.7 r      2.5 r      1.4 r     -1.2 r      5.8 r      1.9 r
      II        4.0 r       7.0 r      2.9 r     -1.9 r     -4.0 r     -5.7 r     13.0 r      2.0 r
      I        -3.8 r      -1.9 r      2.0 r      8.1 r      5.3 r     12.4 r    -11.0 r      1.5 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2016 ANNUAL    0.3 r       1.7 r      1.4        1.1       -0.2        0.8 r      1.2        1.0 r

 2016 IV        1.2 r       2.4 r      1.1        2.0        0.2 r      0.7 r      2.4 r      1.4 r
      III      -0.1         1.6        1.7        0.7 r     -0.5 r      0.8 r      1.1 r      0.9 r
      II       -0.1 r       1.3 r      1.4 r      0.6 r     -0.5 r      0.8        1.0 r      0.9 r
      I         0.1         1.7 r      1.6 r      1.1 r      0.0 r      1.0 r      0.2 r      0.6 r

 2015 ANNUAL    1.3         3.5        2.1 r      3.1        2.9        1.7 r     -0.4 r      0.8  

 2015 IV        0.5 r       2.0 r      1.5        2.3 r      1.8 r      1.8       -0.8 r      0.7  
      III       1.0 r       2.8 r      1.8        3.6 r      3.4 r      2.6 r     -1.6 r      0.8  
      II        1.6         4.2        2.5        3.8        3.7        2.2 r     -0.7 r      0.9 r
      I         2.2 r       5.0 r      2.7 r      2.5 r      2.6 r      0.3 r      1.7 r      0.9 r

 2014 ANNUAL    0.9 r       3.2 r      2.3        2.8        1.1        1.9 r      1.6        1.8  

 2014 IV        0.5 r       3.5 r      3.0        3.2 r      2.0 r      2.7       -0.3 r      1.4 r
      III       1.7 r       4.0 r      2.3 r      2.8 r      1.0 r      1.1        3.1 r      2.0 r
      II        1.3 r       3.4 r      2.1        2.0 r     -0.2        0.7        3.8        2.0  
      I        -0.1 r       1.7        1.7        3.2 r      1.7 r      3.3 r      0.0 r      1.8 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2016 ANNUAL  103.0 r     111.0 r    107.8 r    108.5 r    103.6 r    105.4 r    104.8 r    105.1 r

 2016 IV      103.6 r     112.0 r    108.2 r    109.7 r    103.9 r    106.0 r    105.7 r    105.9 r
      III     103.1 r     111.3 r    107.9 r    108.6 r    103.4 r    105.3 r    105.5 r    105.4 r
      II      102.7 r     110.6 r    107.7 r    108.0 r    103.4 r    105.2 r    104.9 r    105.0 r
      I       102.6 r     110.1 r    107.3 r    107.7 r    103.8 r    105.0 r    103.2 r    104.2 r

 2015 ANNUAL  102.7 r     109.1 r    106.2 r    107.3 r    103.8 r    104.5 r    103.6 r    104.1 r

 2015 IV      102.3 r     109.4 r    107.0 r    107.6 r    103.7 r    105.2 r    103.2 r    104.4 r
      III     103.2 r     109.6 r    106.1 r    107.8 r    103.9 r    104.5 r    104.4 r    104.4 r
      II      102.9 r     109.2 r    106.2 r    107.4 r    103.9 r    104.3 r    103.8 r    104.1 r
      I       102.5 r     108.3 r    105.6 r    106.5 r    103.8 r    104.0 r    103.1 r    103.6 r

 2014 ANNUAL  101.4 r     105.4 r    104.0 r    104.1 r    100.9 r    102.7 r    104.0 r    103.3 r

 2014 IV      101.7 r     107.3 r    105.4 r    105.2 r    101.8 r    103.4 r    104.0 r    103.7 r
      III     102.2 r     106.5 r    104.3 r    104.0 r    100.5 r    101.8 r    106.0 r    103.6 r
      II      101.2 r     104.9 r    103.6 r    103.4 r    100.1 r    102.1 r    104.5 r    103.2 r
      I       100.3 r     103.1 r    102.8 r    103.9 r    101.2 r    103.6 r    101.4 r    102.7 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 15, 2019
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 3.
 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)

 2016 ANNUAL       -0.1           -0.1            0.0            0.5 r         -0.7            0.6 r

 2016 IV            2.7 r          2.8            0.1 r          5.1 r          2.4 r          2.3 r
      III           1.0 r          1.8            0.8 r          1.9 r          0.0 r          0.9 r
      II           -1.4           -1.5           -0.1 r          1.0 r         -1.8 r          2.5 r
      I             1.9 r          0.9           -1.0 r         -1.8 r         -1.6 r         -3.6 r

 2015 ANNUAL       -1.5 r         -0.6            1.0            2.5            2.3            4.1  

 2015 IV           -3.9 r         -2.0            2.0           -1.8           -1.9 r          2.2 r
      III           2.1 r          0.5           -1.6 r          4.0 r          2.3 r          1.9 r
      II           -1.4 r         -1.3            0.1            1.6 r         -1.1 r          3.1 r
      I            -1.8 r         -3.2           -1.4 r          4.2 r          6.9 r          6.2 r

 2014 ANNUAL       -0.3 r          1.3            1.6            2.7 r          1.0 r          3.0  

 2014 IV           -4.0            0.6            4.8 r          3.6 r          4.6 r          7.9 r
      III          -0.8 r          1.6            2.4 r          1.8            0.7            2.6 r
      II            0.8            4.2            3.4 r         -2.0 r         -4.1 r         -2.7 r
      I             0.5           -1.2           -1.6 r          9.8 r          7.0 r          9.3 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2016 ANNUAL       -0.1           -0.1            0.0            0.5 r         -0.7            0.6 r

 2016 IV            1.0            1.0            0.0            1.5           -0.3            0.5 r
      III          -0.7           -0.2            0.4 r         -0.2           -1.3 r          0.5  
      II           -0.4 r         -0.6           -0.2            0.3 r         -0.8 r          0.7 r
      I            -0.4           -0.5           -0.1            0.5 r         -0.6 r          0.9 r

 2015 ANNUAL       -1.5 r         -0.6            1.0            2.5            2.3            4.1  

 2015 IV           -1.3 r         -1.5           -0.2 r          2.0 r          1.5 r          3.3 r
      III          -1.3 r         -0.9            0.4 r          3.4            3.1 r          4.7 r
      II           -2.0           -0.6            1.4            2.8            2.7            4.9  
      I            -1.5            0.7            2.3 r          1.9 r          1.9 r          3.4 r

 2014 ANNUAL       -0.3 r          1.3            1.6            2.7 r          1.0 r          3.0  

 2014 IV           -0.9 r          1.3            2.2 r          3.2            2.0 r          4.2 r
      III          -0.3 r          1.7            2.0 r          2.3            0.4 r          2.5  
      II           -0.3            1.5            1.8            2.0           -0.1            2.3 r
      I             0.4            0.8            0.4 r          3.5 r          2.0 r          3.0 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2016 ANNUAL       99.5 r        102.9          103.4 r        106.5 r        101.7 r        107.0 r

 2016 IV          100.1 r        103.6          103.5 r        107.8 r        102.0 r        107.7 r
      III          99.4 r        102.9          103.5 r        106.5 r        101.4 r        107.1 r
      II           99.2 r        102.4          103.3 r        106.0 r        101.4 r        106.8 r
      I            99.5 r        102.8          103.3 r        105.7 r        101.9 r        106.2 r

 2015 ANNUAL       99.6 r        103.0          103.4 r        105.9 r        102.4 r        106.3 r

 2015 IV           99.1 r        102.6          103.6 r        106.2 r        102.3 r        107.2 r
      III         100.1 r        103.1          103.0 r        106.6 r        102.8 r        106.6 r
      II           99.5 r        103.0          103.5 r        105.6 r        102.2 r        106.1 r
      I            99.9 r        103.3          103.4 r        105.2 r        102.5 r        105.3 r

 2014 ANNUAL      101.2 r        103.6          102.4 r        103.3 r        100.1 r        102.1 r

 2014 IV          100.4 r        104.2          103.8 r        104.1 r        100.8 r        103.7 r
      III         101.4 r        104.0          102.6 r        103.2 r         99.7 r        101.8 r
      II          101.6 r        103.6          102.0 r        102.7 r         99.5 r        101.1 r
      I           101.4 r        102.6          101.1 r        103.3 r        100.5 r        101.8 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 15, 2019
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 4.
 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)

 2016 ANNUAL       -1.1           -1.6           -0.4            0.9 r         -0.4 r          2.0 r

 2016 IV            2.2 r          2.5            0.3 r          5.7 r          3.0 r          3.4 r
      III           2.9 r          2.9            0.0 r          2.4 r          0.5 r         -0.5 r
      II           -0.6           -2.1           -1.5 r          1.3 r         -1.5 r          2.0 r
      I            -1.3           -1.9           -0.5 r         -1.1 r         -1.0 r          0.2 r

 2015 ANNUAL       -1.3           -0.7            0.6            3.1            2.9            4.4  

 2015 IV           -7.0           -5.5            1.6           -1.9 r         -1.9 r          5.5 r
      III           1.9 r         -0.2           -2.1 r          4.0 r          2.3 r          2.0 r
      II           -0.9 r         -1.6           -0.6 r          2.3 r         -0.5 r          3.2  
      I            -1.9 r         -3.9           -2.0 r          5.3 r          8.0 r          7.4 r

 2014 ANNUAL        0.4            2.6            2.2            2.3            0.6            1.9  

 2014 IV           -1.7 r          1.0            2.7 r          5.3 r          6.3 r          7.1 r
      III          -0.9 r          3.3            4.2 r          1.4 r          0.3 r          2.3 r
      II            0.6 r          6.0            5.4 r         -2.9 r         -5.0 r         -3.5 r
      I             1.2           -0.3           -1.5            9.9 r          7.1 r          8.6 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2016 ANNUAL       -1.1           -1.6           -0.4            0.9 r         -0.4 r          2.0 r

 2016 IV            0.8 r          0.3           -0.5 r          2.0 r          0.2 r          1.3 r
      III          -1.6 r         -1.7           -0.1 r          0.2           -1.0 r          1.8 r
      II           -1.8 r         -2.5           -0.7            0.6 r         -0.6 r          2.4 r
      I            -1.9           -2.3           -0.4            0.8 r         -0.3 r          2.7  

 2015 ANNUAL       -1.3           -0.7            0.6            3.1            2.9            4.4  

 2015 IV           -2.0 r         -2.8           -0.8 r          2.4 r          1.9 r          4.5 r
      III          -0.7           -1.2           -0.5            4.2 r          4.0 r          4.9 r
      II           -1.4           -0.3            1.1            3.5 r          3.5 r          5.0 r
      I            -1.0 r          1.5            2.5            2.2            2.3            3.2  

 2014 ANNUAL        0.4            2.6            2.2            2.3            0.6            1.9  

 2014 IV           -0.2 r          2.5            2.7 r          3.3 r          2.1 r          3.5 r
      III           0.2 r          3.3            3.0            1.4 r         -0.4 r          1.2 r
      II            0.4 r          2.8            2.4 r          1.4 r         -0.7 r          1.0 r
      I             1.1            1.7            0.6 r          2.9            1.4            1.7 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2016 ANNUAL       99.3 r        102.7          103.5 r        106.2 r        101.4 r        106.9 r

 2016 IV          100.0 r        103.4          103.4 r        107.7 r        101.9 r        107.7 r
      III          99.5 r        102.8          103.4 r        106.2 r        101.2 r        106.8 r
      II           98.8 r        102.1          103.4 r        105.6 r        101.0 r        106.9 r
      I            98.9 r        102.6          103.8 r        105.2 r        101.4 r        106.4 r

 2015 ANNUAL      100.4 r        104.4          103.9 r        105.2 r        101.8 r        104.8 r

 2015 IV           99.2 r        103.1          103.9 r        105.5 r        101.7 r        106.3 r
      III         101.1 r        104.6          103.5 r        106.0 r        102.2 r        104.9 r
      II          100.6 r        104.6          104.0 r        105.0 r        101.6 r        104.4 r
      I           100.8 r        105.1          104.2 r        104.4 r        101.7 r        103.6 r

 2014 ANNUAL      101.7 r        105.1          103.3 r        102.1 r         98.9          100.4 r

 2014 IV          101.3 r        106.1          104.7 r        103.1 r         99.8 r        101.7 r
      III         101.7 r        105.8          104.0 r        101.8 r         98.3 r        100.0 r
      II          102.0 r        105.0          103.0 r        101.4 r         98.2 r         99.4 r
      I           101.8 r        103.5          101.6 r        102.1 r         99.5 r        100.3 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 15, 2019
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 5.
 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)

 2016 ANNUAL        0.4            1.2            0.8            0.0           -1.3           -0.4  

 2016 IV            3.1 r          2.8           -0.2 r          3.8 r          1.1 r          0.7 r
      III          -2.1 r          0.2            2.3 r          1.2 r         -0.7 r          3.3 r
      II           -3.9 r         -1.6            2.4 r          0.7           -2.1            4.7 r
      I             4.9 r          3.1           -1.7 r         -3.0 r         -2.9 r         -7.6 r

 2015 ANNUAL       -1.2            0.5            1.7 r          1.5            1.3            2.7  

 2015 IV           -0.9 r          1.7            2.7 r         -1.7 r         -1.7 r         -0.7 r
      III           2.2 r          1.5           -0.7 r          4.2 r          2.5 r          2.0 r
      II           -1.6 r         -0.3            1.4 r          0.6 r         -2.1 r          2.3 r
      I            -0.6 r         -1.0           -0.3 r          2.3 r          4.9 r          3.0 r

 2014 ANNUAL       -0.1 r          0.5            0.6 r          3.5 r          1.8 r          3.6  

 2014 IV           -6.5 r          1.3            8.4 r          0.8 r          1.7 r          7.8 r
      III           1.3            0.6           -0.7            2.2 r          1.1 r          0.8 r
      II            2.9 r          3.0            0.1 r         -0.7 r         -2.8 r         -3.5 r
      I             0.4           -1.4           -1.8            9.7 r          6.9 r          9.2 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2016 ANNUAL        0.4            1.2            0.8            0.0           -1.3           -0.4  

 2016 IV            0.5 r          1.1            0.7            0.6 r         -1.2 r          0.2 r
      III          -0.5            0.9            1.4 r         -0.7 r         -1.9 r         -0.2 r
      II            0.5            1.2            0.6            0.0           -1.1           -0.5  
      I             1.1 r          1.5            0.4 r          0.0 r         -1.1 r         -1.1 r

 2015 ANNUAL       -1.2            0.5            1.7 r          1.5            1.3            2.7  

 2015 IV           -0.3 r          0.5            0.7 r          1.3            0.9 r          1.6 r
      III          -1.7 r          0.4            2.1 r          1.9 r          1.7 r          3.7 r
      II           -1.9            0.2            2.1            1.5 r          1.4 r          3.4 r
      I            -0.8 r          1.0            1.8            1.1 r          1.2 r          2.0 r

 2014 ANNUAL       -0.1 r          0.5            0.6 r          3.5 r          1.8 r          3.6  

 2014 IV           -0.5            0.9            1.4            2.9 r          1.7 r          3.5 r
      III           0.6 r          0.7            0.1 r          3.7 r          1.9 r          3.1 r
      II           -0.3 r          0.5            0.7 r          3.0            0.8            3.3 r
      I             0.0            0.1            0.1            4.6 r          3.0 r          4.6 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2012=100

 2016 ANNUAL      100.9 r        104.1          103.2 r        107.0 r        102.2 r        106.1 r

 2016 IV          100.9 r        104.6          103.7 r        108.0 r        102.2 r        107.0 r
      III         100.2 r        103.9          103.7 r        107.0 r        101.9 r        106.8 r
      II          100.7 r        103.8          103.1 r        106.7 r        102.1 r        105.9 r
      I           101.7 r        104.2          102.5 r        106.5 r        102.7 r        104.7 r

 2015 ANNUAL      100.5 r        102.9          102.4 r        107.1 r        103.6 r        106.6 r

 2015 IV          100.5 r        103.4          102.9 r        107.3 r        103.4 r        106.8 r
      III         100.7 r        103.0          102.3 r        107.8 r        103.9 r        107.0 r
      II          100.2 r        102.6          102.5 r        106.7 r        103.2 r        106.5 r
      I           100.6 r        102.7          102.1 r        106.5 r        103.8 r        105.9 r

 2014 ANNUAL      101.7 r        102.4          100.7 r        105.5 r        102.2 r        103.8 r

 2014 IV          100.7 r        102.9          102.2 r        105.9 r        102.5 r        105.1 r
      III         102.5 r        102.6          100.1 r        105.7 r        102.1 r        103.2 r
      II          102.1 r        102.4          100.3 r        105.1 r        101.8 r        103.0 r
      I           101.4          101.7          100.3          105.3 r        102.5 r        103.9 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                    August 15, 2019
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 6.
 Nonfinancial corporate sector: Revised 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)

 2016 ANNUAL   -1.1 r     0.3 r    1.4 r     1.1      -0.2       2.3 r    1.1 r    1.9 r   -6.3 r    0.8 r

 2016 IV       -0.4 r     0.2 r    0.6       3.2 r     0.6 r     3.7 r    5.8 r    4.3 r  -15.8 r    1.6 r
      III       0.0 r     1.7 r    1.7 r     1.3 r    -0.6 r     1.2 r    1.0 r    1.2 r    1.3 r    1.2 r
      II       -6.9 r    -5.9 r    1.1 r     0.7 r    -2.1 r     8.2 r    9.2 r    8.5 r  -22.1 r    3.9 r
      I         3.7 r     4.0 r    0.3 r     2.4 r     2.5 r    -1.3 r  -14.9 r   -6.0 r   28.2 r   -2.1 r

 2015 ANNUAL    1.2       3.4      2.2       3.0       2.8 r     1.8      0.9 r    1.5 r   -4.7 r    0.6  

 2015 IV       -3.7 r    -0.3 r    3.5      -1.3      -1.3       2.5 r   16.5 r    6.9 r  -34.9 r    0.1 r
      III       1.3 r     3.1 r    1.7 r     1.0 r    -0.7 r    -0.4 r   -0.7 r   -0.5 r   12.9      1.3 r
      II       -1.9 r    -0.9 r    1.0 r     2.4 r    -0.4 r     4.4 r    4.5 r    4.4 r   -9.5 r    2.4 r
      I         3.9 r     4.8 r    0.8 r     9.0 r    11.8 r     4.9 r   -1.6 r    2.7 r  -23.9 r   -1.7 r

 2014 ANNUAL    0.4       3.2 r    2.7       2.6 r     0.9 r     2.2      1.2      1.8 r    0.9 r    1.7  

 2014 IV        1.0 r     4.7 r    3.6 r     2.0 r     3.0 r     1.0 r   -0.7 r    0.4 r   -1.9 r    0.1 r
      III       3.7 r     7.1 r    3.2 r     0.7 r    -0.3 r    -2.9 r   -2.4 r   -2.7 r   28.9 r    1.4 r
      II       -0.3 r     4.5 r    4.9 r    -2.7 r    -4.8 r    -2.4 r    0.1 r   -1.6 r   47.0 r    4.0 r
      I         1.6 r     3.2 r    1.5      11.5 r     8.7 r     9.8 r    0.9 r    6.7 r  -27.3 r    1.3 r
 ----------------------------------------------------------------------------------------------------------
                        Percent change from corresponding quarter of previous year

 2016 ANNUAL   -1.1 r     0.3 r    1.4 r     1.1      -0.2       2.3 r    1.1 r    1.9 r   -6.3 r    0.8 r

 2016 IV       -1.0 r    -0.1 r    0.9       1.9       0.1 r     2.9 r   -0.2 r    1.9 r   -3.9 r    1.1 r
      III      -1.8 r    -0.2 r    1.6       0.8 r    -0.4 r     2.6 r    2.2 r    2.5 r   -9.9 r    0.7 r
      II       -1.5 r     0.1 r    1.6 r     0.7 r    -0.4 r     2.2 r    1.8 r    2.1 r   -7.5 r    0.8 r
      I        -0.2 r     1.4 r    1.6       1.1 r     0.0 r     1.3 r    0.7 r    1.1 r   -3.9 r    0.4 r

 2015 ANNUAL    1.2       3.4      2.2       3.0       2.8 r     1.8      0.9 r    1.5 r   -4.7 r    0.6  

 2015 IV       -0.1       1.6 r    1.8       2.7 r     2.2 r     2.8 r    4.4 r    3.4 r  -15.7 r    0.5  
      III       1.1       2.9 r    1.8       3.6 r     3.3 r     2.5 r    0.3 r    1.8 r   -6.5 r    0.5  
      II        1.7       3.9 r    2.1       3.5 r     3.4 r     1.8 r   -0.1 r    1.2 r   -3.4 r    0.5 r
      I         2.1       5.3      3.1 r     2.2 r     2.2 r     0.1 r   -1.2 r   -0.3 r    9.1 r    0.9 r

 2014 ANNUAL    0.4       3.2 r    2.7       2.6 r     0.9 r     2.2      1.2      1.8 r    0.9 r    1.7  

 2014 IV        1.5 r     4.8 r    3.3 r     2.8 r     1.5 r     1.2 r   -0.5 r    0.6 r    7.9 r    1.7 r
      III       1.1 r     4.1 r    2.9       2.6 r     0.8 r     1.5 r    0.8 r    1.3 r    7.8      2.2 r
      II       -0.7 r     2.0      2.8       2.0 r    -0.2 r     2.7      2.5      2.7 r   -1.3 r    2.1 r
      I        -0.2 r     1.8 r    1.9 r     3.0 r     1.5 r     3.2 r    2.1      2.8 r  -10.8 r    0.8 r
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2012=100

 2016 ANNUAL  100.9 r   109.7 r  108.7 r   108.4 r   103.5 r   107.3 r  104.5 r  106.4 r   93.0 r  104.5 r

 2016 IV      100.4 r   109.6 r  109.1 r   109.2 r   103.4 r   108.8 r  106.4 r  108.0 r   88.7 r  105.2 r
      III     100.5 r   109.5 r  108.9 r   108.3 r   103.2 r   107.8 r  104.9 r  106.8 r   92.6 r  104.8 r
      II      100.5 r   109.0 r  108.5 r   108.0 r   103.4 r   107.5 r  104.6 r  106.5 r   92.3 r  104.5 r
      I       102.3 r   110.7 r  108.2 r   107.8 r   103.9 r   105.4 r  102.3 r  104.4 r   98.3 r  103.5 r

 2015 ANNUAL  102.1 r   109.3 r  107.1 r   107.2 r   103.7 r   105.0 r  103.4 r  104.4 r   99.3 r  103.7  

 2015 IV      101.4 r   109.6 r  108.1 r   107.2 r   103.3 r   105.7 r  106.5 r  106.0 r   92.3 r  104.0 r
      III     102.4 r   109.7 r  107.2 r   107.5 r   103.6 r   105.1 r  102.6 r  104.2 r  102.8 r  104.0 r
      II      102.0 r   108.9 r  106.7 r   107.3 r   103.8 r   105.1 r  102.7 r  104.3 r   99.7 r  103.7 r
      I       102.5 r   109.1 r  106.5 r   106.6 r   103.9 r   104.0 r  101.6 r  103.2 r  102.3 r  103.1 r

 2014 ANNUAL  100.9 r   105.8 r  104.8 r   104.0 r   100.8 r   103.1    102.5 r  102.9 r  104.2 r  103.1 r

 2014 IV      101.5 r   107.9 r  106.3 r   104.3 r   101.0 r   102.8 r  102.0 r  102.5 r  109.5 r  103.5 r
      III     101.3 r   106.6 r  105.3 r   103.8 r   100.3 r   102.5 r  102.2 r  102.4 r  110.0 r  103.5 r
      II      100.3 r   104.8 r  104.5 r   103.6 r   100.4 r   103.3 r  102.8 r  103.1 r  103.2 r  103.1 r
      I       100.4 r   103.7 r  103.3 r   104.4 r   101.6 r   103.9 r  102.8 r  103.5 r   93.7 r  102.1 r
 ---------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                          August 15, 2019
 r=revised                                                              Source: Bureau of Labor Statistics

Last Modified Date: August 15, 2019