Productivity and Costs News Release


Transmission of material in this release is embargoed until                                   USDL 18-0941
8:30 a.m. (EDT) Wednesday, June 6, 2018

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

                                        PRODUCTIVITY AND COSTS
                                     First Quarter 2018, Revised 

Nonfarm business sector labor productivity increased 0.4 percent during the first quarter of 2018, the 
U.S. Bureau of Labor Statistics reported today, as output increased 2.7 percent and hours worked 
increased 2.3 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) 
From the first quarter of 2017 to the first quarter of 2018, productivity increased 1.3 percent, reflecting a 
3.6-percent increase in output and a 2.3-percent increase in hours worked. (See tables A1 and 2.)

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of 
hours worked by all persons, including employees, proprietors, and unpaid family workers. 

Unit labor costs in the nonfarm business sector increased 2.9 percent in the first quarter of 2018, 
reflecting a 3.3-percent increase in hourly compensation and a 0.4-percent increase in productivity. Unit 
labor costs increased 1.3 percent over the last four quarters. (See tables A1 and 2.)  

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

Manufacturing sector labor productivity decreased 1.2 percent in the first quarter of 2018, as output 
increased 1.7 percent and hours worked increased 2.9 percent. Productivity declined 0.8 percent in the 
durable manufacturing sector, as output rose 3.3 percent and hours worked increased 4.2 percent. In the 
non-durable goods manufacturing sector, a 0.9-percent decrease in productivity reflected no change in 
output and a 0.9-percent increase in hours worked. Over the last four quarters, total manufacturing sector 
productivity increased 0.3 percent, as output increased 2.0 percent and hours worked increased 1.7 
percent. Unit labor costs in manufacturing increased 5.2 percent in the first quarter of 2018 and rose 2.5 
percent from the same quarter a year ago. (See tables A1 and 3.)

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

Preliminary first-quarter 2018 measures were announced today for the nonfinancial corporate sector. 
Productivity increased 1.9 percent in the first quarter of 2018 and increased 1.7 percent over the last four 
quarters. Unit profits of nonfinancial corporations fell at a 9.5 percent annual rate in the first quarter of 
2018 and increased 1.7 percent over the last four quarters. (See tables A2 and 6.) 

Revised measures

Measures released today are based on more recent source data than were available for the 
preliminary report. Table B1 presents previous and revised productivity and related measures for 
the business, nonfarm business, and manufacturing sectors for the first quarter of 2018. 

In the first quarter of 2018, nonfarm business productivity rose 0.4 percent, rather than 0.7 percent as 
reported May 3, the combined effect of a 0.1-percentage point downward revision to output and a 0.2-
percentage point upward revision to hours worked. Unit labor costs were revised up--due primarily to 
the downward revision to productivity--and increased 2.9 percent. In the manufacturing sector, 
productivity was revised down from an increase of 0.5 percent to a decrease of 1.2 percent, due almost 
entirely to a 1.6-percentage point downward revision to output. Hourly compensation was revised up 0.7 
percentage point. As a result of the downward revision to productivity and the upward revision to hourly 
compensation, unit labor costs increased 5.2 percent rather than 2.7 percent as previously reported.  

Table B2 shows previous and revised productivity and related measures for the business, nonfarm 
business, manufacturing, and nonfinancial corporate sectors for the fourth quarter of 2017.

In the fourth quarter of 2017, labor productivity in the nonfarm business sector increased at the same 
0.3-percent rate reported May 3. Hourly compensation was revised up, and increased 2.9 percent. As a result, 
unit labor costs increased 2.5 percent in the fourth quarter of 2017, rather than increasing 2.1 percent. 
Total manufacturing sector productivity increased 4.3 percent in the fourth quarter of 2017, a smaller 
increase than previously reported. Hourly compensation was revised up 2.3 percentage points; and when 
combined with the small downward revision to productivity this led to an upward revision to unit labor 
costs, which rose 0.2 percent rather than decreasing 2.2 percent.  

Manufacturing output and all related measures--including labor productivity--were revised back as far as 
2008 to incorporate revised BLS measures of sectoral output in manufacturing industries published May 
16, 2018 in Multifactor Productivity Trends In Manufacturing - 2016. The period most affected was 
from 2014 to 2016, with the average annual rate of productivity growth over this period revised down 
from -0.1 percent to -0.6 percent. The average annual rate of manufacturing productivity growth from 
2007 to 2017 was unrevised at 0.7 percent, well below the long-term rate from 1987 to 2017 of 2.7 
percent. (See tables 3, 4, and 5, and appendix tables 1, 2, and 3.) For more complete information see 
www.bls.gov/mfp/sectoraloutputrevisions.htm.

In the nonfinancial corporate sector, productivity rose 1.2 percent in the fourth quarter of 2017 rather 
than increasing 0.8 percent as previously reported, due solely to an upward revision to output. Annual 
average productivity in the nonfinancial corporate sector increased 1.0 percent in 2017, the same as the
preliminary estimate. Unit profits rose 2.2 percent in the fourth quarter of 2017, rather than the 2.6 
percent increase reported May 3. (See table 6.)

Complete annual and quarterly data series can be found on the Productivity and Costs home page: 
www.bls.gov/lpc/#data.
______________

The preliminary Productivity and Costs news release for second-quarter 2018 is scheduled to be 
released on Wednesday, August 15, 2018 at 8:30 a.m. (EDT)


=========================================================================================================================
Table A1. Labor productivity growth and related measures – revised first-quarter 2018
(percent change from previous quarter at annual rate and from same quarter a year ago)


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                  Percent change from:    productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business         Previous quarter          0.4          2.7      2.3        3.3            -0.2          2.9
                         A year ago                1.3          3.6      2.3        2.6             0.3          1.3
Business                 Previous quarter          0.7          2.6      1.8        3.9             0.4          3.1
                         A year ago                1.3          3.5      2.2        2.7             0.4          1.4
Manufacturing            Previous quarter         -1.2          1.7      2.9        3.9             0.4          5.2
                         A year ago                0.3          2.0      1.7        2.9             0.6          2.5
Durable manufacturing    Previous quarter         -0.8          3.3      4.2        5.8             2.2          6.7
                         A year ago                0.8          2.0      1.2        4.5             2.2          3.6
Nondurable manufacturing Previous quarter         -0.9          0.0      0.9        0.0            -3.4          0.9
                         A year ago               -0.5          2.0      2.5       -0.1            -2.3          0.4
=========================================================================================================================

=========================================================================================================================
Table A2. Labor productivity growth and related measures – preliminary first-quarter 2018
(percent change from previous quarter at annual rate and from same quarter a year ago)


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector               Percent change from:       productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfinancial corporate  Previous quarter           1.9          4.2      2.2        3.8             0.3          1.8
                        A year ago                 1.7          4.1      2.3        2.6             0.4          0.9
=========================================================================================================================

=========================================================================================================================
Table B1. Labor productivity growth and related measures – revised and previously published first-quarter 2018
(percent change from previous quarter at annual rate) 


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                                          productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business         Revised                   0.4           2.7     2.3        3.3            -0.2          2.9
                         Previously published      0.7           2.8     2.1        3.4            -0.1          2.7
Business                 Revised                   0.7           2.6     1.8        3.9             0.4          3.1
                         Previously published      1.1           2.8     1.6        3.9             0.4          2.8
Manufacturing            Revised                  -1.2           1.7     2.9        3.9             0.4          5.2
                         Previously published      0.5           3.3     2.8        3.2            -0.3          2.7
Durable manufacturing    Revised                  -0.8           3.3     4.2        5.8             2.2          6.7
                         Previously published      1.3           5.5     4.2        4.2             0.7          2.9
Nondurable manufacturing Revised                  -0.9           0.0     0.9        0.0            -3.4          0.9
                         Previously published      0.6           1.1     0.5        1.0            -2.4          0.4
=========================================================================================================================

=========================================================================================================================
Table B2. Labor productivity growth and related measures – revised and previously published fourth-quarter 2017
(percent change from previous quarter at annual rate) 


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                                          productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business         Revised                   0.3           3.7     3.3        2.9            -0.4           2.5
                         Previously published      0.3           3.7     3.3        2.4            -0.8           2.1
Business                 Revised                  -0.4           3.6     4.1        2.1            -1.2           2.6
                         Previously published     -0.4           3.6     4.1        1.7            -1.6           2.1
Manufacturing            Revised                   4.3           5.4     1.1        4.5             1.1           0.2
                         Previously published      4.5           5.6     1.1        2.2            -1.1          -2.2
Durable manufacturing    Revised                   4.7           5.1     0.4        7.0             3.5           2.2
                         Previously published      5.1           5.5     0.4        2.3            -1.0          -2.6
Nondurable manufacturing Revised                   3.5           5.8     2.2        0.0            -3.2          -3.4
                         Previously published      3.5           5.8     2.2        2.3            -1.0          -1.1
Nonfinancial corporate   Revised                   1.2           3.9     2.7        2.6            -0.7           1.4
                         Previously published      0.8           3.5     2.7        2.0            -1.3           1.2
=========================================================================================================================



                                      TECHNICAL NOTES

Labor Hours

Hours data for the labor productivity and cost measures include hours worked for all persons 
working in the sector—wage and salary workers, the self-employed and unpaid family workers. 
The primary source of hours and employment data is the BLS Current Employment Statistics 
(CES) program, which provides monthly survey data on the number of jobs held by wage and 
salary workers in nonfarm establishments, counting a person who is employed by two or more 
establishments at each place of employment. The CES also provides average weekly paid hours 
of production and nonsupervisory workers in these establishments. Weekly paid hours are 
adjusted to hours worked using data from the National Compensation Survey (NCS) for 1996 
forward and data from the BLS Hours at Work survey, conducted for this purpose, prior to 1990. 
Between 1990 and 1995, weekly paid hours are adjusted to hours at work using a combination of 
NCS and Hours at Work survey data. The Office of Productivity and Technology estimates 
average weekly hours at work for nonproduction and supervisory workers using information 
from the Current Population Survey (CPS), the CES, and the NCS.

Data from the CPS are used to estimate hours worked for farm labor, nonfarm proprietors, and 
nonfarm unpaid family workers. Using CPS information on employment and hours worked at 
primary jobs and all other jobs, separately, the BLS productivity measures assign all hours 
worked to the appropriate industrial sector. Hours for government enterprises are derived from 
the CPS, the CES, and the National Income and Product Accounts (NIPA) prepared by the 
Bureau of Economic Analysis (BEA) of the Department of Commerce.

Output

Business sector output is a chain-type, current-weighted index constructed after excluding from 
gross domestic product (GDP) the following outputs: general government, nonprofit institutions, 
and private households (including owner-occupied housing). Corresponding exclusions also are 
made in labor hours. Business output accounted for about 76 percent of the value of GDP in 
2017. Nonfarm business, which excludes farming, accounted for about 75 percent of GDP in 
2017.

Annual indexes for manufacturing and its durable and nondurable goods components are 
constructed by deflating current-dollar industry value of production data from the U.S. Bureau of 
the Census with deflators from the BLS. These deflators are based on data from the BLS 
Producer Price Index program and other sources. The industry shipments are aggregated using 
annual weights, and intrasector transactions are removed. Quarterly manufacturing output 
measures are based on the indexes of industrial production prepared monthly by the Board of 
Governors of the Federal Reserve System, adjusted to be consistent with annual indexes of 
manufacturing sector output prepared by BLS. 

Nonfinancial corporate output is a chain-type, current-weighted index calculated on the basis of 
the costs incurred and the incomes earned from production.  The output measure excludes the 
following outputs from GDP: general government; nonprofit institutions; private households; 
unincorporated business; and those corporations classified as offices of bank holding companies, 
offices of other holding companies, or offices in the finance and insurance sector. Nonfinancial 
corporations accounted for about 49 percent of the value of GDP in 2017. 
     
Labor Productivity

The measure describes the relationship between real output and the labor time involved in its 
production. Measures of labor productivity growth show the changes from period to period in the 
amount of goods and services produced per hour worked. They reflect the joint effects of many 
influences, including changes in technology; capital investment; level of output; utilization of 
capacity, energy, and materials; the organization of production; managerial skill; and the 
characteristics and effort of the work force.


Labor Compensation

The measure includes accrued wages and salaries, supplements, employer contributions to 
employee benefit plans, and taxes. Estimates of labor compensation by major sector, required for 
measures of hourly compensation and unit labor costs, are based primarily on employee 
compensation data from the NIPA, prepared by the BEA. The compensation of employees in 
general government, nonprofit institutions and private households are subtracted from 
compensation of employees in domestic industries to derive employee compensation for the 
business sector. The labor compensation of proprietors cannot be explicitly identified and must 
be estimated. This is done by assuming that proprietors have the same hourly compensation as 
employees in the same sector. The quarterly labor productivity and cost measures do not contain 
estimates of compensation for unpaid family workers.  
      
Unit Labor Costs

These measures describe the relationship between compensation per hour and labor productivity, 
or real output per hour, and can be used as an indicator of inflationary pressure on producers. 
Increases in hourly compensation increase unit labor costs; labor productivity increases offset 
compensation increases and lower unit labor costs. 

Presentation of the data

The quarterly data in this release are presented in three ways: as percent changes from the 
previous quarter presented at a compound annual rate, as percent changes from the 
corresponding quarter of the previous year, and as index number series where 2009=100. Annual 
data are presented both as index number series and percent changes from the previous year.  

The index numbers and rates of change reported in the productivity and costs news release are 
rounded to one decimal place. All percent changes in this release and on the BLS web site are 
calculated using index numbers to three decimal places. A complete historical series of these 
index numbers are available at the BLS web site, www.bls.gov/data/home.htm, or by contacting 
the BLS Division of Major Sector Productivity (Telephone 202-691-5606 or email 
productivity@bls.gov).

For a more detailed explanation of methodology see "Technical Information About the Major 
Sector Productivity and Costs Methods" at www.bls.gov/lpc/lpcmethods.pdf.
      
Information in this release will be made available to sensory-impaired individuals upon request. 
Voice phone: 202-691-5200; Federal Relay Service number: 1-800-877-8339.




Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted.
                                                          Real
                                               Hourly     hourly                Unit       Implicit
Year          Labor                            compen-    compen-     Unit      nonlabor   price
and           produc-               Hours      sation     sation      labor     payments   deflator
quarter       tivity     Output     worked     (1)        (2)         costs     (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2018 I         0.7 r       2.6 r      1.8 r      3.9        0.4        3.1 r     -0.5 r      1.5 r

2017 ANNUAL    1.2         2.7        1.5        1.7       -0.4        0.5        3.0        1.6  

2017 IV       -0.4         3.6        4.1        2.1 r     -1.2 r      2.6 r      2.1 r      2.4  
     III       3.2         3.9        0.7        4.2        2.0        0.9        3.2        1.9  
     II        1.6         3.7        2.1        0.6        0.5       -1.0        2.8        0.6  
     I        -0.7         1.4        2.0        4.4        1.4        5.1       -3.0        1.5  

2016 ANNUAL    0.1         1.6        1.5        1.1       -0.2        1.0        1.0        1.0  

2016 IV        1.9         2.2        0.3       -3.7       -6.3       -5.5       13.3        2.2  
     III       2.6         3.3        0.7        2.8        0.9        0.1        2.5        1.1  
     II        0.8         2.6        1.8        4.5        1.7        3.7        0.0        2.1  
     I        -1.0         0.4        1.4       -3.7       -3.6       -2.8        5.1        0.5  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I         1.3 r       3.5        2.2 r      2.7 r      0.4 r      1.4 r      1.9 r      1.6  

2017 ANNUAL    1.2         2.7        1.5        1.7       -0.4        0.5        3.0        1.6  

2017 IV        0.9         3.2        2.2        2.8 r      0.7 r      1.9 r      1.3 r      1.6  
     III       1.5         2.8        1.3        1.3       -0.7       -0.2        3.9        1.6  
     II        1.4         2.6        1.3        0.9       -0.9       -0.4        3.7        1.4  
     I         1.1         2.4        1.2        1.9       -0.6        0.8        3.0        1.7  

2016 ANNUAL    0.1         1.6        1.5        1.1       -0.2        1.0        1.0        1.0  

2016 IV        1.1         2.1        1.0       -0.1       -1.9       -1.2        5.1        1.5  
     III      -0.1         1.6        1.8        1.9        0.7        2.0       -0.6        0.9  
     II       -0.4         1.2        1.6        1.4        0.3        1.9       -0.4        0.9  
     I        -0.2         1.4        1.6        1.3        0.2        1.5        0.0        0.8  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I       108.9 r     126.1 r    115.8 r    120.0 r    102.9 r    110.2 r    117.8 r    113.4 r

2017 ANNUAL  108.2       123.6      114.1      117.7 r    102.8 r    108.8 r    116.8 r    112.1  

2017 IV      108.7       125.3      115.2      118.8 r    102.8 r    109.3 r    117.9 r    112.9  
     III     108.8       124.1      114.1      118.2      103.1      108.6      117.3      112.3  
     II      107.9       123.0      113.9      117.0      102.6      108.4      116.4      111.7  
     I       107.5       121.8      113.3      116.8      102.5      108.7      115.6      111.6  

2016 ANNUAL  106.9       120.3      112.5      115.7      103.2      108.2      113.4      110.4  

2016 IV      107.7       121.4      112.7      115.6      102.2      107.3      116.5      111.2  
     III     107.2       120.8      112.7      116.7      103.8      108.9      112.9      110.5  
     II      106.5       119.8      112.5      115.9      103.6      108.8      112.2      110.2  
     I       106.3       119.0      112.0      114.6      103.2      107.8      112.2      109.7  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                       June 6, 2018
r=revised                                                        Source: Bureau of Labor Statistics



Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and
prices, seasonally adjusted.
                                                          Real
                                               Hourly     hourly                Unit       Implicit
Year          Labor                            compen-    compen-     Unit      nonlabor   price
and           produc-               Hours      sation     sation      labor     payments   deflator
quarter       tivity     Output     worked     (1)        (2)         costs     (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2018 I         0.4 r       2.7 r      2.3 r      3.3 r     -0.2 r      2.9 r     -0.4 r      1.5 r

2017 ANNUAL    1.3         2.9        1.6        1.7       -0.5        0.4 r      3.0        1.5  

2017 IV        0.3         3.7        3.3        2.9 r     -0.4 r      2.5 r      2.3 r      2.4  
     III       2.6         4.0        1.3        3.6        1.5        1.0        3.5        2.0  
     II        1.7         3.9        2.2        0.5        0.4       -1.2        3.0        0.6  
     I         0.2         1.8        1.5        5.0        2.0        4.8       -3.9        0.9  

2016 ANNUAL    0.0         1.5        1.5        1.1       -0.2        1.1        1.4        1.2  

2016 IV        1.2         2.2        1.0       -4.6       -7.1       -5.7       13.9        2.3  
     III       2.4         3.3        0.9        2.5        0.6        0.0        3.1        1.3  
     II        1.0         2.5        1.5        4.9        2.1        3.9        0.0        2.2  
     I        -1.1         0.2        1.3       -3.7       -3.6       -2.6        5.8        0.9  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I         1.3         3.6        2.3 r      2.6 r      0.3 r      1.3 r      2.1 r      1.6 r

2017 ANNUAL    1.3         2.9        1.6        1.7       -0.5        0.4 r      3.0        1.5  

2017 IV        1.2         3.3        2.1        3.0 r      0.9 r      1.8 r      1.2 r      1.5  
     III       1.4         3.0        1.5        1.1       -0.9       -0.4        3.9        1.5  
     II        1.4         2.8        1.4        0.8       -1.1       -0.6        3.8        1.3  
     I         1.2         2.5        1.2        1.9       -0.7        0.7        3.1        1.7  

2016 ANNUAL    0.0         1.5        1.5        1.1       -0.2        1.1        1.4        1.2  

2016 IV        0.9         2.1        1.2       -0.3       -2.1       -1.2        5.6        1.7  
     III      -0.1         1.6        1.7        1.9        0.8        2.1       -0.1        1.1  
     II       -0.4         1.1        1.5        1.6        0.5        2.0       -0.2        1.1  
     I        -0.3         1.3        1.6        1.3        0.2        1.6        0.2        1.0  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I       109.1 r     126.3 r    115.8 r    120.1 r    103.1 r    110.2 r    117.8 r    113.4 r

2017 ANNUAL  108.4       123.7      114.1      118.0 r    103.0 r    108.8 r    116.8 r    112.1  

2017 IV      108.9       125.5      115.2      119.1 r    103.1 r    109.4 r    118.0 r    113.0  
     III     108.8       124.3      114.2      118.3      103.2      108.7      117.3      112.3  
     II      108.1       123.1      113.9      117.3      102.9      108.4      116.3      111.7  
     I       107.7       122.0      113.3      117.1      102.7      108.7      115.5      111.5  

2016 ANNUAL  107.0       120.2      112.4      116.0      103.5      108.4      113.4      110.5  

2016 IV      107.6       121.4      112.8      115.7      102.2      107.5      116.6      111.3  
     III     107.3       120.8      112.5      117.0      104.1      109.1      112.9      110.7  
     II      106.7       119.8      112.3      116.3      104.0      109.1      112.0      110.3  
     I       106.4       119.0      111.9      114.9      103.4      108.0      112.0      109.7  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                       June 6, 2018
r=revised                                                        Source: Bureau of Labor Statistics



Table 3. Manufacturing sector: Labor productivity, hourly compensation, and unit labor costs,
seasonally adjusted.
                                                                             Real
Year              Labor                                       Hourly         hourly          Unit
and               produc-                      Hours          compensa-      compensa-       labor
quarter           tivity        Output         worked         tion (1)       tion (2)        costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2018 I            -1.2 r          1.7 r          2.9 r          3.9 r          0.4 r          5.2 r

2017 ANNUAL        0.7 r          1.8 r          1.0            1.7 r         -0.4 r          1.0 r

2017 IV            4.3 r          5.4 r          1.1            4.5 r          1.1 r          0.2 r
     III          -5.0           -1.9            3.3            0.7           -1.4            6.0  
     II            3.5            2.9           -0.6            2.3            2.3           -1.1  
     I            -0.4            2.2            2.5            4.0            1.0            4.4  

2016 ANNUAL        0.3 r          0.4 r          0.0            0.7           -0.5            0.4 r

2016 IV            2.6 r          2.4 r         -0.3           -4.2           -6.7           -6.6 r
     III           0.6 r          1.7 r          1.1            2.2            0.3            1.5 r
     II           -0.9 r         -1.1 r         -0.2            7.3            4.4            8.2 r
     I             2.5 r          1.8 r         -0.6           -9.8           -9.8          -12.0 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I             0.3 r          2.0 r          1.7 r          2.9 r          0.6 r          2.5 r

2017 ANNUAL        0.7 r          1.8 r          1.0            1.7 r         -0.4 r          1.0 r

2017 IV            0.6            2.1 r          1.5            2.9 r          0.7 r          2.3 r
     III           0.2 r          1.4 r          1.2            0.7           -1.3            0.5 r
     II            1.6 r          2.3 r          0.7            1.0           -0.8           -0.5 r
     I             0.5 r          1.3 r          0.8            2.2           -0.3            1.7 r

2016 ANNUAL        0.3 r          0.4 r          0.0            0.7           -0.5            0.4 r

2016 IV            1.2 r          1.2 r          0.0           -1.3           -3.1           -2.5 r
     III          -0.2 r          0.3 r          0.4            1.8            0.6            1.9 r
     II            0.2 r          0.0 r         -0.2            1.7            0.6            1.5 r
     I             0.1 r         -0.1 r         -0.1            0.8           -0.3            0.7  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I           106.5 r        117.6 r        110.4 r        115.7 r         99.3 r        108.7 r

2017 ANNUAL      106.4 r        116.0 r        109.0          113.4 r         99.0 r        106.6 r

2017 IV          106.8 r        117.1 r        109.6          114.6 r         99.2 r        107.3 r
     III         105.7 r        115.5 r        109.3          113.4           98.9          107.3 r
     II          107.0 r        116.1 r        108.4          113.2           99.3          105.7 r
     I           106.1 r        115.3 r        108.6          112.5           98.7          106.0 r

2016 ANNUAL      105.7 r        114.0 r        107.9          111.5           99.5          105.5 r

2016 IV          106.2 r        114.6 r        107.9          111.4           98.5          104.9 r
     III         105.5 r        114.0 r        108.0          112.6          100.2          106.7 r
     II          105.4 r        113.5 r        107.7          112.0          100.1          106.3 r
     I           105.6 r        113.8 r        107.8          110.0           99.0          104.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                       June 6, 2018
r=revised                                                        Source: Bureau of Labor Statistics



Table 4. Durable manufacturing sector: Labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
                                                                             Real
Year              Labor                                       Hourly         hourly          Unit
and               produc-                      Hours          compensa-      compensa-       labor
quarter           tivity        Output         worked         tion (1)       tion (2)        costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2018 I            -0.8 r          3.3 r          4.2            5.8 r          2.2 r          6.7 r

2017 ANNUAL        1.1 r          1.7 r          0.6            2.2 r          0.1 r          1.1 r

2017 IV            4.7 r          5.1 r          0.4            7.0 r          3.5 r          2.2 r
     III          -4.8           -2.3            2.6           -0.1           -2.2            5.0 r
     II            4.7            2.1           -2.4            5.4            5.3            0.7  
     I            -0.9            2.8            3.7            2.5           -0.5            3.4  

2016 ANNUAL       -0.8 r         -1.2 r         -0.4            1.1           -0.2            2.0 r

2016 IV            3.1 r          2.5 r         -0.6           -3.5           -6.1           -6.4 r
     III           1.9 r          2.2 r          0.3            2.4            0.6            0.5 r
     II           -0.4 r         -1.9 r         -1.5            9.4            6.5            9.8 r
     I            -1.2 r         -1.1 r          0.1          -10.9          -10.9           -9.9 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I             0.8 r          2.0 r          1.2            4.5 r          2.2 r          3.6 r

2017 ANNUAL        1.1 r          1.7 r          0.6            2.2 r          0.1 r          1.1 r

2017 IV            0.8 r          1.9 r          1.0            3.7 r          1.5 r          2.8 r
     III           0.5 r          1.2            0.8            1.0           -0.9            0.6  
     II            2.2 r          2.4 r          0.2            1.6           -0.3           -0.5 r
     I             0.9 r          1.4 r          0.5            2.6            0.0            1.7 r

2016 ANNUAL       -0.8 r         -1.2 r         -0.4            1.1           -0.2            2.0 r

2016 IV            0.8 r          0.4 r         -0.4           -0.9           -2.7           -1.8 r
     III          -1.3 r         -1.4 r          0.0            2.5            1.3            3.9 r
     II           -1.4 r         -2.0 r         -0.7            2.3            1.1            3.7 r
     I            -1.5 r         -1.9 r         -0.4            0.7           -0.4            2.2 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I           110.8 r        124.5 r        112.3 r        117.0 r        100.4 r        105.6 r

2017 ANNUAL      110.5 r        122.5 r        110.9          113.6 r         99.1 r        102.8 r

2017 IV          111.0 r        123.5 r        111.2          115.4 r         99.8 r        103.9 r
     III         109.8 r        121.9 r        111.1          113.4           99.0          103.3 r
     II          111.1 r        122.6 r        110.4          113.5           99.5          102.1 r
     I           109.9 r        122.0 r        111.0          112.0           98.2          101.9 r

2016 ANNUAL      109.3 r        120.4 r        110.2          111.1           99.1          101.7 r

2016 IV          110.1 r        121.2 r        110.0          111.3           98.4          101.1 r
     III         109.3 r        120.4 r        110.2          112.3           99.9          102.8 r
     II          108.8 r        119.8 r        110.1          111.6           99.8          102.6 r
     I           108.9 r        120.3 r        110.5          109.1           98.2          100.2 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                       June 6, 2018
r=revised                                                        Source: Bureau of Labor Statistics



Table 5. Nondurable manufacturing sector: Labor productivity, hourly compensation, and unit labor
costs, seasonally adjusted.
                                                                             Real
Year              Labor                                       Hourly         hourly          Unit
and               produc-                      Hours          compensa-      compensa-       labor
quarter           tivity        Output         worked         tion (1)       tion (2)        costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate (5)

2018 I            -0.9 r          0.0 r          0.9 r          0.0 r         -3.4 r          0.9 r

2017 ANNUAL       -0.2 r          1.6 r          1.8            0.8 r         -1.3 r          1.0 r

2017 IV            3.5            5.8            2.2            0.0 r         -3.2 r         -3.4 r
     III          -5.5           -1.4            4.3            2.5            0.4            8.5  
     II            1.1            3.7            2.5           -2.9           -3.0           -4.0  
     I             0.9            1.5            0.6            6.8            3.7            5.9 r

2016 ANNUAL        0.7 r          1.4 r          0.7            0.1           -1.2           -0.6 r

2016 IV            1.7 r          1.9 r          0.2           -5.2           -7.8           -6.8 r
     III          -1.9 r          0.5 r          2.4            1.8            0.0            3.8 r
     II           -3.2 r         -1.2 r          2.0            3.5            0.8            6.9 r
     I             5.7 r          3.7 r         -1.9           -7.6           -7.6          -12.6 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I            -0.5 r          2.0 r          2.5 r         -0.1 r         -2.3 r          0.4 r

2017 ANNUAL       -0.2 r          1.6 r          1.8            0.8 r         -1.3 r          1.0 r

2017 IV           -0.1            2.4            2.4            1.5 r         -0.6 r          1.6 r
     III          -0.5 r          1.4 r          1.9            0.2           -1.8            0.7  
     II            0.4 r          1.9 r          1.4            0.0           -1.9           -0.4 r
     I            -0.6 r          0.6 r          1.3            1.6           -0.9            2.3 r

2016 ANNUAL        0.7 r          1.4 r          0.7            0.1           -1.2           -0.6 r

2016 IV            0.5 r          1.2 r          0.7           -2.0           -3.7           -2.5 r
     III           0.0 r          1.2 r          1.2            0.5           -0.6            0.6 r
     II            0.9 r          1.5 r          0.7            0.8           -0.3           -0.1 r
     I             1.4 r          1.8 r          0.4            1.1            0.0           -0.2 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I           104.1 r        111.7 r        107.3 r        112.8 r         96.8 r        108.3 r

2017 ANNUAL      104.4 r        110.5 r        105.9          112.7 r         98.4 r        108.0 r

2017 IV          104.4 r        111.7 r        107.1          112.8 r         97.6 r        108.1 r
     III         103.5 r        110.2 r        106.5          112.8           98.4          109.0 r
     II          105.0 r        110.6 r        105.4          112.1           98.3          106.8 r
     I           104.7 r        109.6 r        104.7          112.9           99.1          107.9 r

2016 ANNUAL      104.6 r        108.8 r        104.1          111.7           99.7          106.9 r

2016 IV          104.4 r        109.2 r        104.5          111.1           98.2          106.4 r
     III         104.0 r        108.7 r        104.5          112.6          100.2          108.3 r
     II          104.5 r        108.5 r        103.9          112.1          100.2          107.3 r
     I           105.3 r        108.9 r        103.3          111.1          100.0          105.5 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                       June 6, 2018
r=revised                                                        Source: Bureau of Labor Statistics



Table 6. Nonfinancial corporate sector: Labor productivity, hourly compensation, unit labor costs,
unit profits, and prices, seasonally adjusted.
                                                     Real
                                           Hourly    hourly            Unit      Total           Implicit
Year         Labor                         compen-   compen-   Unit    nonlabor  unit    Unit    price
and          produc-             Hours     sation    sation    labor   costs     costs   profits deflator
quarter      tivity    Output    worked    (1)       (2)       costs   (6)       (7)     (8)     (4)
---------------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate (5)

2018 I         1.9       4.2      2.2       3.8       0.3       1.8      2.3      2.0     -9.5      0.4  

2017 ANNUAL    1.0       2.8      1.7       1.6 r    -0.6       0.5      0.7      0.6      0.3      0.5  

2017 IV        1.2 r     3.9 r    2.7       2.6 r    -0.7 r     1.4 r   -1.6 r    0.4      2.2 r    0.7  
     III       0.3       1.7      1.5       3.6       1.4       3.3      1.8      2.8      1.6      2.7  
     II        3.6       6.4      2.7       0.5       0.4      -3.0     -1.8     -2.6     13.7     -0.6  
     I         2.2       4.1      1.8       4.5       1.5       2.3     -1.0      1.2     -2.7      0.7  

2016 ANNUAL   -0.1       1.4      1.5       1.1      -0.2       1.2     -0.5      0.7     -5.3     -0.2  

2016 IV       -4.6      -3.9      0.7      -3.7      -6.3       0.9      9.2      3.5     -2.8      2.7  
     III       5.8       7.4      1.5       1.9       0.0      -3.7     -4.5     -4.0      7.3     -2.6  
     II       -1.9      -0.6      1.3       3.9       1.1       5.9      1.7      4.5    -28.8     -0.8  
     I         0.7       1.1      0.4      -1.6      -1.6      -2.3    -13.0     -5.9     47.7      0.0  
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2018 I         1.7       4.1      2.3       2.6       0.4       0.9      0.2      0.6      1.7      0.8  

2017 ANNUAL    1.0       2.8      1.7       1.6 r    -0.6       0.5      0.7      0.6      0.3      0.5  

2017 IV        1.8 r     4.0 r    2.2       2.8 r     0.7 r     1.0 r   -0.7 r    0.4      3.5 r    0.9  
     III       0.3       2.0      1.7       1.2      -0.8       0.8      2.0      1.2      2.3      1.3  
     II        1.7       3.4      1.7       0.7      -1.1      -0.9      0.4     -0.5      3.7      0.0  
     I         0.3       1.7      1.3       1.6      -1.0       1.3      1.2      1.3     -7.8      0.0  

2016 ANNUAL   -0.1       1.4      1.5       1.1      -0.2       1.2     -0.5      0.7     -5.3     -0.2  

2016 IV       -0.1       0.9      1.0       0.1      -1.7       0.1     -2.0     -0.6      2.3     -0.2  
     III       0.7       2.3      1.6       1.8       0.6       1.1     -1.0      0.4     -9.9     -1.1  
     II       -0.6       1.1      1.7       1.4       0.3       2.0      0.1      1.4    -10.3     -0.3  
     I        -0.6       1.1      1.7       1.2       0.1       1.7      0.7      1.4     -2.6      0.8  
---------------------------------------------------------------------------------------------------------
                                            Indexes 2009=100

2018 I       109.9     129.9    118.2     119.4     102.5     108.7    101.0    106.1    136.9    109.3  

2017 ANNUAL  108.9 r   126.9 r  116.6     117.2 r   102.3 r   107.7 r  100.7 r  105.3 r  138.4 r  108.8  

2017 IV      109.4 r   128.6 r  117.6     118.3 r   102.4 r   108.2 r  100.5 r  105.6 r  140.3 r  109.2  
     III     109.1     127.4    116.8     117.6     102.6     107.8    100.9    105.5    139.6    109.1  
     II      109.0     126.8    116.4     116.5     102.2     106.9    100.4    104.8    139.0    108.3  
     I       108.0     124.9    115.6     116.4     102.1     107.7    100.9    105.4    134.6    108.5  

2016 ANNUAL  107.7     123.5    114.6     115.4     102.9     107.1     99.9    104.7    138.0    108.2  

2016 IV      107.4     123.6    115.1     115.1     101.7     107.1    101.1    105.1    135.5    108.3  
     III     108.7     124.9    114.9     116.2     103.4     106.9     98.9    104.2    136.5    107.6  
     II      107.2     122.6    114.4     115.7     103.4     107.9    100.1    105.3    134.1    108.3  
     I       107.7     122.8    114.1     114.6     103.1     106.4     99.7    104.1    146.0    108.5  
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                             June 6, 2018
r=revised                                                              Source: Bureau of Labor Statistics



SOURCES: Output data are from the Bureau of Economic Analysis and the Census Bureau of 
the U.S. Department of Commerce; the Bureau of Labor Statistics, U.S. Department of Labor; 
and the Federal Reserve Board. Hours and compensation data are from the Bureau of Labor 
Statistics and the Bureau of Economic Analysis.

RELIABILITY: Productivity and cost measures are regularly revised as more complete 
information becomes available.  The measures are first published within 40 days of the close of 
the reference period; revisions appear 30 days later, and second revisions after an additional 60 
days.  In the business sector, the third publication (second revision) of a quarterly index of output 
per hour of all persons has differed from the initial value by between -1.5 and 1.4 index points 
approximately 95 percent of the time. This interval is based on the performance of this measure 
between the fourth quarter of 1995 and the fourth quarter of 2017.

                                      Table Footnotes 
      
(1) Wages and salaries of employees plus employers' contributions for social insurance and 
private benefit plans. Except for nonfinancial corporations, where there are no self-employed, 
data also include an estimate of wages, salaries, and supplemental payments for the self-
employed.
(2) The change for recent quarters is based on the Consumer Price Index for all urban consumers 
(CPI-U). The trend from 1978-2017 is based on the Consumer Price Index research series (CPI-
U-RS).
(3) Unit nonlabor payments include profits, consumption of fixed capital, taxes on production 
and imports less subsidies, net interest and miscellaneous payments, business current transfer 
payments, rental income of persons, and the current surplus of government enterprises.
(4) Current dollar output divided by the output index.
(5) Quarterly changes: Percent change compounded at annual rate is calculated using index 
numbers to three decimal places. Indexes published in the news release are rounded to one 
decimal place for convenience. Annual changes: Percent change is calculated using annual 
indexes to three decimal places.
(6) Unit nonlabor costs include consumption of fixed capital, taxes on production and imports 
less subsidies, net interest and miscellaneous payments, and business current transfer payments.
(7) Total unit costs are the sum of unit labor and nonlabor costs.
(8) Unit profits include corporate profits before tax with inventory valuation and capital 
consumption adjustments.





Appendix table 1.
 Manufacturing sector: Revised labor productivity, hourly compensation, and unit labor costs,
 seasonally adjusted.

                                                                              Real
 Year              Labor                                       Hourly         hourly          Unit
 and               produc-                      Hours          compensa-      compensa-       labor
 quarter           tivity        Output         worked         tion (1)       tion (2)        costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2015 ANNUAL       -1.5 r         -0.6 r          1.0            2.5            2.3            4.1 r

 2015 IV           -2.8 r         -1.3 r          1.5            8.5            8.3           11.6 r
      III           2.0 r          0.6 r         -1.3            1.9            0.3            0.0 r
      II           -1.2 r         -1.3 r         -0.1            3.6            0.8            4.9 r
      I            -2.8 r         -3.6 r         -0.8            0.4            3.0            3.3 r

 2014 ANNUAL        0.0            1.6            1.6            2.8            1.1            2.8  

 2014 IV           -3.5 r          0.6 r          4.3            4.9            5.7            8.7 r
      III          -0.2 r          1.5 r          1.7            2.2            1.1            2.4 r
      II            0.7 r          4.5 r          3.8           -3.2           -5.2           -3.9 r
      I             1.2 r         -0.3 r         -1.6           11.3            8.4            9.9 r

 2013 ANNUAL        0.9            1.8            0.8            0.2           -1.3           -0.8  

 2013 IV           -1.1 r          2.7 r          3.8           -1.1           -2.6            0.0 r
      III          -1.6 r          0.2 r          1.8            0.9           -1.3            2.5 r
      II            3.1 r          1.0           -2.0            3.1            3.5            0.0 r
      I             2.6 r          4.7 r          2.1           -4.6           -6.2           -7.0 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL       -1.5 r         -0.6 r          1.0            2.5            2.3            4.1 r

 2015 IV           -1.2 r         -1.4 r         -0.2            3.6            3.1            4.8 r
      III          -1.4 r         -0.9 r          0.5            2.7            2.4            4.2 r
      II           -1.9 r         -0.7 r          1.3            2.7            2.6            4.8 r
      I            -1.5 r          0.7 r          2.2            1.0            1.1            2.5 r

 2014 ANNUAL        0.0            1.6            1.6            2.8            1.1            2.8  

 2014 IV           -0.5 r          1.6 r          2.0            3.7            2.4            4.1 r
      III           0.2            2.1            1.9            2.2            0.3            2.0 r
      II           -0.2 r          1.8 r          1.9            1.8           -0.3            2.0 r
      I             0.4 r          0.9 r          0.5            3.4            1.9            3.0 r

 2013 ANNUAL        0.9            1.8            0.8            0.2           -1.3           -0.8  

 2013 IV            0.8 r          2.2 r          1.4           -0.5           -1.7           -1.2 r
      III           1.5            2.0            0.5            0.9           -0.6           -0.6  
      II            1.5            1.6 r          0.2            0.4           -1.0           -1.0 r
      I             0.1 r          1.3 r          1.2           -0.2           -1.9           -0.3 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL      105.3 r        113.6 r        107.8          110.7          100.0          105.1 r

 2015 IV          104.9 r        113.3 r        107.9          112.9          101.6          107.6 r
      III         105.7 r        113.7 r        107.5          110.6           99.6          104.7 r
      II          105.2 r        113.5 r        107.9          110.1           99.5          104.7 r
      I           105.5 r        113.9 r        107.9          109.1           99.3          103.4 r

 2014 ANNUAL      107.0 r        114.2 r        106.8          108.0           97.7          101.0 r

 2014 IV          106.3 r        114.9 r        108.1          109.0           98.6          102.6 r
      III         107.2 r        114.7 r        107.0          107.7           97.2          100.5 r
      II          107.3 r        114.3 r        106.5          107.2           96.9           99.9 r
      I           107.1 r        113.0 r        105.6          108.0           98.3          100.9 r

 2013 ANNUAL      107.0 r        112.5 r        105.1          105.1           96.7           98.2 r

 2013 IV          106.8 r        113.1 r        106.0          105.2           96.3           98.5 r
      III         107.0 r        112.4 r        105.0          105.5           96.9           98.5 r
      II          107.5 r        112.3 r        104.5          105.2           97.2           97.9 r
      I           106.6 r        112.0 r        105.1          104.4           96.4           97.9 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                       June 6, 2018
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 2.
 Durable manufacturing sector: Revised labor productivity, hourly compensation, and unit labor
 costs, seasonally adjusted.

                                                                              Real
 Year              Labor                                       Hourly         hourly          Unit
 and               produc-                      Hours          compensa-      compensa-       labor
 quarter           tivity        Output         worked         tion (1)       tion (2)        costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2015 ANNUAL       -1.2 r         -0.7 r          0.5            3.1            2.9            4.3 r

 2015 IV           -5.6 r         -4.6 r          1.0           10.5           10.3           17.0 r
      III           1.8 r         -0.4 r         -2.2            1.6            0.0           -0.3 r
      II           -0.9 r         -1.4 r         -0.5            2.9            0.1            3.8 r
      I            -3.0 r         -4.2 r         -1.3            2.2            4.8            5.3 r

 2014 ANNUAL        0.6            2.8            2.2            2.3            0.6            1.7  

 2014 IV           -0.9 r          1.3 r          2.2            6.1            7.0            7.0 r
      III          -0.1 r          3.0 r          3.2            2.3            1.1            2.4 r
      II            0.4 r          6.2 r          5.8           -3.8           -5.8           -4.3 r
      I             1.8 r          0.4 r         -1.4           11.2            8.4            9.2 r

 2013 ANNUAL        0.9            2.1            1.2           -0.6           -2.0           -1.5  

 2013 IV            0.4 r          4.8 r          4.5           -3.5           -5.0           -3.9 r
      III          -0.9 r          1.0 r          1.9            1.7           -0.5            2.6 r
      II            3.3 r          1.2 r         -2.0            2.3            2.7           -0.9  
      I             2.0 r          5.3 r          3.3           -6.0           -7.6           -7.8 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL       -1.2 r         -0.7 r          0.5            3.1            2.9            4.3 r

 2015 IV           -1.9 r         -2.7 r         -0.8            4.2            3.7            6.3 r
      III          -0.7 r         -1.2 r         -0.5            3.2            2.9            3.9 r
      II           -1.2 r         -0.4 r          0.9            3.3            3.2            4.6 r
      I            -0.9 r          1.5 r          2.4            1.6            1.7            2.5 r

 2014 ANNUAL        0.6            2.8            2.2            2.3            0.6            1.7  

 2014 IV            0.3 r          2.7 r          2.4            3.8            2.5            3.5 r
      III           0.6            3.6            3.0            1.3           -0.5            0.7 r
      II            0.4 r          3.1 r          2.7            1.2           -0.9            0.8 r
      I             1.1 r          1.8 r          0.7            2.8            1.3            1.7 r

 2013 ANNUAL        0.9            2.1            1.2           -0.6           -2.0           -1.5  

 2013 IV            1.2 r          3.0 r          1.9           -1.4           -2.7           -2.6 r
      III           1.5            2.3            0.8            0.7           -0.9           -0.8  
      II            1.1 r          1.5 r          0.4           -0.3           -1.8           -1.4 r
      I             0.0 r          1.6            1.6           -1.2           -2.9           -1.2 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL      110.2 r        121.9 r        110.6          109.9           99.3           99.7 r

 2015 IV          109.2 r        120.7 r        110.5          112.4          101.1          102.9 r
      III         110.8 r        122.1 r        110.2          109.6           98.7           98.9 r
      II          110.3 r        122.2 r        110.8          109.2           98.7           99.0 r
      I           110.5 r        122.7 r        111.0          108.4           98.6           98.1 r

 2014 ANNUAL      111.5 r        122.8 r        110.1          106.6           96.5           95.6 r

 2014 IV          111.3 r        124.0 r        111.3          107.8           97.5           96.8 r
      III         111.6 r        123.6 r        110.7          106.2           95.8           95.2 r
      II          111.6 r        122.7 r        109.9          105.6           95.6           94.6 r
      I           111.5 r        120.8 r        108.3          106.7           97.0           95.7 r

 2013 ANNUAL      110.8 r        119.4 r        107.7          104.2           95.9           94.0 r

 2013 IV          111.0 r        120.7 r        108.7          103.9           95.1           93.6 r
      III         110.9 r        119.3 r        107.5          104.8           96.3           94.5 r
      II          111.2 r        119.0 r        107.0          104.4           96.4           93.9 r
      I           110.3 r        118.6 r        107.6          103.8           95.8           94.1 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                       June 6, 2018
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 3.
 Nondurable manufacturing sector: Revised labor productivity, hourly compensation, and unit labor
 costs, seasonally adjusted.

                                                                              Real
 Year              Labor                                       Hourly         hourly          Unit
 and               produc-                      Hours          compensa-      compensa-       labor
 quarter           tivity        Output         worked         tion (1)       tion (2)        costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2015 ANNUAL       -1.2 r          0.5 r          1.7            1.5            1.3            2.7 r

 2015 IV           -0.6 r          1.9 r          2.5            4.9            4.8            5.6 r
      III           1.7 r          1.8 r          0.1            2.9            1.2            1.2 r
      II           -1.1 r         -0.3 r          0.8            5.0            2.2            6.2 r
      I            -1.3 r         -1.2 r          0.1           -2.9           -0.4           -1.6 r

 2014 ANNUAL        0.1            0.7            0.6            3.6            1.9            3.5  

 2014 IV           -6.4 r          1.1 r          8.0            2.9            3.7            9.9 r
      III           1.6 r          0.7 r         -0.9            1.9            0.7            0.3 r
      II            2.8 r          3.3 r          0.5           -2.3           -4.3           -5.0 r
      I             1.1 r         -0.8 r         -1.9           11.4            8.6           10.2 r

 2013 ANNUAL        1.3            1.5            0.2            1.5            0.1            0.2  

 2013 IV           -1.9 r          0.6 r          2.6            3.6            2.1            5.7 r
      III          -2.0 r         -0.4 r          1.6           -0.5           -2.7            1.5 r
      II            2.9 r          0.9           -1.9            4.6            5.0            1.7  
      I             4.0 r          4.0 r          0.0           -2.0           -3.7           -5.8 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL       -1.2 r          0.5 r          1.7            1.5            1.3            2.7 r

 2015 IV           -0.3 r          0.5 r          0.9            2.4            1.9            2.8 r
      III          -1.8 r          0.3 r          2.2            1.9            1.7            3.8 r
      II           -1.9 r          0.1 r          1.9            1.7            1.6            3.6 r
      I            -0.9 r          0.9 r          1.9           -0.2           -0.1            0.8 r

 2014 ANNUAL        0.1            0.7            0.6            3.6            1.9            3.5  

 2014 IV           -0.3 r          1.0 r          1.4            3.3            2.1            3.7 r
      III           0.9            0.9 r          0.1            3.5            1.7            2.6  
      II            0.0 r          0.6 r          0.7            2.9            0.8            3.0 r
      I             0.0 r          0.1 r          0.1            4.7            3.1            4.7 r

 2013 ANNUAL        1.3            1.5            0.2            1.5            0.1            0.2  

 2013 IV            0.7 r          1.3 r          0.6            1.4            0.1            0.7 r
      III           1.8            1.6           -0.1            1.2           -0.3           -0.5  
      II            2.1 r          1.9 r         -0.2            1.8            0.3           -0.3 r
      I             0.8 r          1.3 r          0.5            1.8            0.0            1.0 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL      103.9 r        107.3 r        103.3          111.6          100.8          107.5 r

 2015 IV          103.9 r        107.9 r        103.8          113.4          102.0          109.1 r
      III         104.0 r        107.4 r        103.2          112.0          100.8          107.7 r
      II          103.6 r        106.9 r        103.2          111.2          100.5          107.4 r
      I           103.9 r        107.0 r        103.0          109.9          100.0          105.8 r

 2014 ANNUAL      105.1 r        106.8 r        101.6          110.0           99.6          104.6 r

 2014 IV          104.2 r        107.3 r        103.0          110.7          100.1          106.2 r
      III         106.0 r        107.0 r        101.0          109.9           99.2          103.7 r
      II          105.6 r        106.8 r        101.2          109.4           99.0          103.6 r
      I           104.8 r        106.0 r        101.1          110.1          100.1          105.0 r

 2013 ANNUAL      105.0 r        106.1 r        101.0          106.2           97.7          101.1 r

 2013 IV          104.6 r        106.2 r        101.6          107.1           98.0          102.4 r
      III         105.1          106.1          100.9          106.2           97.5          101.0  
      II          105.6 r        106.2 r        100.5          106.3           98.2          100.7 r
      I           104.9 r        105.9 r        101.0          105.1           97.0          100.2 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                       June 6, 2018
 r=revised                                                        Source: Bureau of Labor Statistics

Last Modified Date: June 06, 2018