Productivity and Costs News Release


Transmission of material in this release is embargoed until     USDL 18-0682
8:30 a.m. (EDT) Thursday, May 3, 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, Preliminary 
                        
Nonfarm business sector labor productivity increased 0.7 percent during the 
first quarter of 2018, the U.S. Bureau of Labor Statistics reported today, 
as output increased 2.8 percent and hours worked increased 2.1 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 2.2-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 2.7 percent in the 
first quarter of 2018, reflecting a 3.4-percent increase in hourly 
compensation and a 0.7-percent increase in productivity. 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. When the change in 
consumer prices was taken into account, real hourly compensation declined 
0.1 percent in the first quarter of 2018. Unit labor costs increased 1.1 
percent over the last four quarters. (See tables A1 and 2.) 

Manufacturing sector labor productivity rose 0.5 percent in the first 
quarter of 2018, as output increased 3.3 percent and hours worked increased 
2.8 percent. Productivity increased 1.3 percent in the durable manufacturing 
sector, as output grew at a 5.5-percent rate and hours worked increased 4.2 
percent. In the non-durable goods manufacturing sector, a 0.6-percent 
increase in productivity reflected a 1.1-percent increase in output and a 
0.5-percent increase in hours worked. Over the last four quarters, total 
manufacturing sector productivity increased 0.8 percent, as output increased 
2.5 percent and hours worked increased 1.6 percent. Unit labor costs in 
manufacturing increased 2.7 percent in the first quarter of 2018 and 
increased 1.3 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. 

Preliminary fourth quarter and annual 2017 measures were announced today for 
the nonfinancial corporate sector. Productivity increased 0.8 percent in the 
fourth quarter of 2017 and increased 1.7 percent over the last four 
quarters. Annual average productivity increased 1.0 percent from 2016 to 
2017, following a decline of 0.1 percent in the previous year. The 
historical average annual rate of productivity growth in the nonfinancial 
corporate sector between 1947 and 2017 is 2.2 percent. (See tables A2, C1, 
and 6.)

Revised measures

Hours and related measures, including productivity, were revised back to 
2013 for all sectors to incorporate updated ratios of hours worked to hours 
paid by detailed industry; resulting revisions are small. Measures of real 
hourly compensation for all sectors were revised from 2010 forward to 
incorporate new and revised data from the BLS Office of Prices and Living 
Conditions. Output and related measures--including labor productivity and 
unit labor costs--for the manufacturing sector incorporate historically 
revised indexes of industrial production published by the Board of Governors 
of the Federal Reserve System on March 23, 2018. 

In the fourth quarter of 2017, nonfarm business sector productivity 
increased 0.3 percent, rather than unchanged as reported March 7. Unit labor 
costs were revised down to an increase of 2.1 percent. Total manufacturing 
sector productivity increased 4.5 percent in the fourth quarter of 2017, a 
smaller increase than previously reported, reflecting both a downward 
revision to output and an upward revision to hours worked. Unit labor costs 
in the manufacturing sector decreased 2.2 percent during the fourth quarter, 
a smaller decline than previously reported. Fourth-quarter 2017 labor 
productivity was revised down 3.0 percentage points in the durable goods 
sector to an increase of 5.1 percent, and was revised up 0.1 percentage 
point in the nondurable goods sector to an increase of 3.5 percent. (See 
table B1.)

Annual average productivity growth in the nonfarm business sector was 
revised up for 2017, from 1.2 percent to 1.3 percent. (See table 2.) The 
annual average rate of manufacturing productivity growth for 2017 was 
revised down slightly from 0.6 percent to 0.4 percent, and the rate for 2016 
was revised down from positive 0.4 percent to negative 0.4 percent. (See 
table 3.) The average annual rate of productivity growth in the total 
manufacturing sector from 2007 to 2017--corresponding to the current 
business cycle--was revised down from 0.8 percent to 0.7 percent.

Quarterly and annual data for all sectors for recent years appear in tables 
1-6 and appendix tables 1-6. Full historical annual and quarterly measures 
can be found on the labor productivity and costs home page at 
www.bls.gov/lpc/#data. 

The revised Productivity and Costs news release for first-quarter 2018 is 
scheduled to be released on Wednesday, June 6, 2018 at 8:30 a.m. (EDT)

=========================================================================================================================
Table A1. 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
-------------------------------------------------------------------------------------------------------------------------
Nonfarm business        Previous quarter            0.7         2.8      2.1         3.4           -0.1           2.7
                        A year ago                  1.3         3.6      2.2         2.5            0.2           1.1
                        
Business                Previous quarter            1.1         2.8      1.6         3.9            0.4           2.8
                        A year ago                  1.4         3.5      2.1         2.6            0.3           1.2
                        
Manufacturing           Previous quarter            0.5         3.3      2.8         3.2           -0.3           2.7
                        A Year ago                  0.8         2.5      1.6         2.1           -0.1           1.3
 Durable
 manufacturing          Previous quarter            1.3         5.5      4.2         4.2            0.7           2.9
                        A year ago                  1.5         2.6      1.2         2.9            0.7           1.4
 Nondurable
 manufacturing          Previous quarter            0.6         1.1      0.5         1.0           -2.4           0.4
                        A year ago                 -0.1         2.3      2.4         0.7           -1.5           0.9
=========================================================================================================================


=========================================================================================================================
Table A2. Labor productivity growth and related measures – preliminary fourth-quarter 2017
(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         Previous quarter               0.8         3.5      2.7        2.0             -1.3          1.2
corporate            A year ago                     1.7         3.9      2.2        2.6              0.5          0.9
=========================================================================================================================


=========================================================================================================================
Table B1. 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        2.4             -0.8          2.1
                        Previously published        0.0         3.2      3.3        2.4             -1.2          2.5
                        
Business                      Revised              -0.4         3.6      4.1        1.7             -1.6          2.1
                        Previously published       -0.8         3.1      4.0        1.7             -2.0          2.5
                        
Manufacturing                 Revised               4.5         5.6      1.1        2.2             -1.1         -2.2
                        Previously published        6.0         6.6      0.5        2.5             -1.2         -3.3

 Durable                      Revised               5.1         5.5      0.4        2.3             -1.0         -2.6
 manufacturing          Previously published        8.1         8.1      0.0        2.4             -1.3         -5.3
                        
 Nondurable                   Revised               3.5         5.8      2.2        2.3             -1.0         -1.1
 manufacturing          Previously published        3.4         4.9      1.5        2.7             -0.9         -0.6
=========================================================================================================================


=========================================================================================================================
Table C1. Labor productivity growth and related measures – annual average changes: 2013-2017


                                                Labor                   Hours    Hourly         Real hourly    Unit labor
Sector                  Year                    productivity   Output   worked   compensation   compensation   costs
-------------------------------------------------------------------------------------------------------------------------
Nonfinancial corporate..2017                       1.0          2.8      1.7        1.5             -0.6          0.5
........................2016                      -0.1          1.4      1.5        1.1             -0.2          1.2
........................2015                       1.4          3.6      2.2        3.0              2.8          1.6
........................2014                       1.3          4.0      2.7        2.6              0.9          1.3
........................2013                       0.2          2.3      2.0        1.3             -0.1          1.1
=========================================================================================================================


 
 				  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, also 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         1.1         2.8        1.6        3.9        0.4        2.8        0.2        1.6  

2017 ANNUAL    1.2         2.7        1.5        1.7       -0.4 r      0.5        3.0        1.6  

2017 IV       -0.4 r       3.6 r      4.1 r      1.7       -1.6 r      2.1 r      2.7 r      2.4  
     III       3.2         3.9        0.7        4.2 r      2.0 r      0.9        3.2        1.9  
     II        1.6         3.7        2.1 r      0.6 r      0.5 r     -1.0        2.8        0.6  
     I        -0.7         1.4        2.0 r      4.4 r      1.4 r      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 r       2.2        0.3       -3.7 r     -6.3 r     -5.5       13.3        2.2  
     III       2.6         3.3        0.7        2.8 r      0.9        0.1        2.5        1.1  
     II        0.8 r       2.6        1.8 r      4.5        1.7 r      3.7        0.0        2.1  
     I        -1.0         0.4        1.4       -3.7       -3.6 r     -2.8        5.1        0.5  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I         1.4         3.5        2.1        2.6        0.3        1.2        2.2        1.6  

2017 ANNUAL    1.2         2.7        1.5        1.7       -0.4 r      0.5        3.0        1.6  

2017 IV        0.9 r       3.2 r      2.2        2.7        0.6 r      1.7 r      1.4 r      1.6  
     III       1.5         2.8        1.3        1.3 r     -0.7       -0.2        3.9        1.6  
     II        1.4 r       2.6        1.3        0.9       -0.9 r     -0.4        3.7        1.4  
     I         1.1         2.4        1.2 r      1.9       -0.6 r      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 r       2.1        1.0 r     -0.1 r     -1.9       -1.2        5.1        1.5  
     III      -0.1 r       1.6        1.8        1.9 r      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       109.0       126.1      115.7      119.9      102.8      110.0      118.1      113.4  

2017 ANNUAL  108.2 r     123.6 r    114.1 r    117.7 r    102.8 r    108.7 r    116.9 r    112.1 r

2017 IV      108.7 r     125.3 r    115.2 r    118.7 r    102.7 r    109.2 r    118.1 r    112.9 r
     III     108.8 r     124.1      114.1 r    118.2 r    103.1 r    108.6 r    117.3 r    112.3  
     II      107.9 r     123.0      113.9 r    117.0 r    102.6 r    108.4 r    116.4 r    111.7  
     I       107.5 r     121.8      113.3 r    116.8 r    102.5 r    108.7 r    115.6 r    111.6  

2016 ANNUAL  106.9 r     120.3      112.5 r    115.7 r    103.2 r    108.2 r    113.4 r    110.4  

2016 IV      107.7 r     121.4      112.7 r    115.6 r    102.2 r    107.3 r    116.5 r    111.2  
     III     107.2 r     120.8      112.7 r    116.7 r    103.8 r    108.9 r    112.9 r    110.5  
     II      106.5 r     119.8      112.5 r    115.9 r    103.6 r    108.8 r    112.2 r    110.2  
     I       106.3 r     119.0      112.0 r    114.6 r    103.2 r    107.8 r    112.2 r    109.7  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                        May 3, 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         0.7         2.8        2.1        3.4       -0.1        2.7        0.5        1.7  

2017 ANNUAL    1.3 r       2.9        1.6        1.7 r     -0.5        0.3 r      3.0        1.5  

2017 IV        0.3 r       3.7 r      3.3        2.4       -0.8 r      2.1 r      2.8 r      2.4  
     III       2.6         4.0        1.3 r      3.6        1.5        1.0        3.5        2.0  
     II        1.7         3.9        2.2        0.5        0.4 r     -1.2        3.0        0.6  
     I         0.2         1.8        1.5 r      5.0        2.0 r      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 r       2.2        1.0 r     -4.6       -7.1 r     -5.7       13.9        2.3  
     III       2.4         3.3        0.9        2.5 r      0.6        0.0        3.1        1.3  
     II        1.0 r       2.5        1.5 r      4.9        2.1 r      3.9        0.0        2.2  
     I        -1.1         0.2        1.3       -3.7       -3.6 r     -2.6        5.8        0.9  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I         1.3         3.6        2.2        2.5        0.2        1.1        2.4        1.7  

2017 ANNUAL    1.3 r       2.9        1.6        1.7 r     -0.5        0.3 r      3.0        1.5  

2017 IV        1.2 r       3.3 r      2.1        2.9        0.8 r      1.6 r      1.3 r      1.5  
     III       1.4         3.0        1.5 r      1.1 r     -0.9       -0.4        3.9        1.5  
     II        1.4 r       2.8        1.4 r      0.8 r     -1.1       -0.6        3.8        1.3  
     I         1.2 r       2.5        1.2 r      1.9 r     -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 r       2.1        1.2       -0.3       -2.1       -1.2        5.6        1.7  
     III      -0.1 r       1.6        1.7        1.9        0.8 r      2.1       -0.1        1.1  
     II       -0.4         1.1        1.5        1.6 r      0.5        2.0       -0.2        1.1  
     I        -0.3         1.3        1.6        1.3 r      0.2        1.6        0.2        1.0  
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I       109.1       126.3      115.8      120.0      103.0      110.0      118.3      113.4  

2017 ANNUAL  108.4 r     123.7 r    114.1 r    117.9 r    103.0 r    108.8 r    116.8 r    112.1 r

2017 IV      108.9 r     125.5 r    115.2 r    119.0 r    103.0 r    109.2 r    118.1 r    113.0 r
     III     108.8 r     124.3      114.2 r    118.3 r    103.2 r    108.7 r    117.3 r    112.3  
     II      108.1 r     123.1      113.9 r    117.3 r    102.9 r    108.4 r    116.3 r    111.7  
     I       107.7 r     122.0      113.3 r    117.1 r    102.7 r    108.7 r    115.5 r    111.5  

2016 ANNUAL  107.0 r     120.2      112.4 r    116.0 r    103.5 r    108.4 r    113.4 r    110.5  

2016 IV      107.6 r     121.4      112.8 r    115.7 r    102.2 r    107.5 r    116.6 r    111.3  
     III     107.3 r     120.8      112.5 r    117.0 r    104.1 r    109.1 r    112.9 r    110.7  
     II      106.7 r     119.8      112.3 r    116.3 r    104.0 r    109.1 r    112.0 r    110.3  
     I       106.4 r     119.0      111.9 r    114.9 r    103.4 r    108.0 r    112.0 r    109.7  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                        May 3, 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             0.5            3.3            2.8            3.2           -0.3            2.7  

2017 ANNUAL        0.4 r          1.5 r          1.0            1.6           -0.6 r          1.1 r

2017 IV            4.5 r          5.6 r          1.1 r          2.2 r         -1.1 r         -2.2 r
     III          -5.0 r         -1.9 r          3.3 r          0.7           -1.4 r          6.0 r
     II            3.5 r          2.9           -0.6            2.3            2.3 r         -1.1 r
     I            -0.4 r          2.2 r          2.5            4.0            1.0 r          4.4 r

2016 ANNUAL       -0.4 r         -0.4 r          0.0            0.7           -0.5            1.1 r

2016 IV            2.2 r          1.9 r         -0.3           -4.2 r         -6.7 r         -6.2 r
     III          -0.3 r          0.8 r          1.1            2.2            0.3 r          2.4 r
     II           -2.1 r         -2.4 r         -0.2            7.3 r          4.4 r          9.6 r
     I             0.7 r          0.1 r         -0.6           -9.8           -9.8 r        -10.4 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I             0.8            2.5            1.6            2.1           -0.1            1.3  

2017 ANNUAL        0.4 r          1.5 r          1.0            1.6           -0.6 r          1.1 r

2017 IV            0.6 r          2.2 r          1.5 r          2.3 r          0.2 r          1.7 r
     III           0.0 r          1.2 r          1.2            0.7           -1.3 r          0.6  
     II            1.3 r          1.9 r          0.7            1.0 r         -0.8           -0.2 r
     I            -0.2 r          0.6 r          0.8            2.2           -0.3            2.4 r

2016 ANNUAL       -0.4 r         -0.4 r          0.0            0.7           -0.5            1.1 r

2016 IV            0.1 r          0.1 r          0.0           -1.3           -3.1           -1.4 r
     III          -1.3 r         -0.8 r          0.4 r          1.8 r          0.6            3.1 r
     II           -0.6 r         -0.7 r         -0.2            1.7            0.6            2.3 r
     I             0.2 r          0.0 r         -0.1            0.8           -0.3            0.7 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I           107.9          119.0          110.4          114.9           98.6          106.5  

2017 ANNUAL      107.3 r        116.9 r        109.0 r        113.3 r         98.9 r        105.6 r

2017 IV          107.7 r        118.1 r        109.6 r        114.0 r         98.7 r        105.8 r
     III         106.6 r        116.5 r        109.3 r        113.4 r         98.9 r        106.4 r
     II          107.9 r        117.0 r        108.4 r        113.2 r         99.3 r        104.9 r
     I           107.0 r        116.2 r        108.6 r        112.5 r         98.7 r        105.2 r

2016 ANNUAL      106.8 r        115.2 r        107.9 r        111.5 r         99.5 r        104.4 r

2016 IV          107.1 r        115.6 r        107.9 r        111.4 r         98.5 r        104.0 r
     III         106.5 r        115.0 r        108.0 r        112.6 r        100.2 r        105.7 r
     II          106.6 r        114.8 r        107.7 r        112.0 r        100.1 r        105.1 r
     I           107.2 r        115.5 r        107.8 r        110.0 r         99.0 r        102.7 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                        May 3, 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             1.3            5.5            4.2            4.2            0.7            2.9  

2017 ANNUAL        0.9 r          1.6 r          0.6            1.9           -0.2            1.0 r

2017 IV            5.1 r          5.5 r          0.4 r          2.3 r         -1.0 r         -2.6 r
     III          -4.8 r         -2.3 r          2.6           -0.1           -2.2 r          4.9 r
     II            4.7 r          2.1 r         -2.4 r          5.4            5.3 r          0.7 r
     I            -0.9 r          2.8 r          3.7            2.5           -0.5 r          3.4 r

2016 ANNUAL       -1.3 r         -1.6 r         -0.4 r          1.1 r         -0.2            2.4 r

2016 IV            2.8 r          2.2 r         -0.6 r         -3.5 r         -6.1 r         -6.1 r
     III           1.3 r          1.6 r          0.3 r          2.4            0.6            1.1 r
     II           -1.3 r         -2.8 r         -1.5 r          9.4 r          6.5 r         10.8 r
     I            -2.4 r         -2.3 r          0.1 r        -10.9 r        -10.9 r         -8.8 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I             1.5            2.6            1.2            2.9            0.7            1.4  

2017 ANNUAL        0.9 r          1.6 r          0.6            1.9           -0.2            1.0 r

2017 IV            0.9 r          2.0 r          1.0 r          2.5            0.4            1.6 r
     III           0.4            1.2            0.8            1.0           -0.9 r          0.6  
     II            1.9 r          2.2 r          0.2            1.6           -0.3           -0.3 r
     I             0.5 r          0.9 r          0.5            2.6 r          0.0            2.1 r

2016 ANNUAL       -1.3 r         -1.6 r         -0.4 r          1.1 r         -0.2            2.4 r

2016 IV            0.1 r         -0.3 r         -0.4 r         -0.9 r         -2.7 r         -1.0 r
     III          -2.1 r         -2.1 r          0.0 r          2.5 r          1.3 r          4.7 r
     II           -1.8 r         -2.4 r         -0.7 r          2.3 r          1.1            4.1 r
     I            -1.3 r         -1.7 r         -0.4            0.7 r         -0.4            2.0 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I           112.4          126.2          112.3          115.3           98.9          102.6  

2017 ANNUAL      111.4 r        123.5 r        110.9 r        113.2 r         98.9 r        101.7 r

2017 IV          112.0 r        124.6 r        111.2 r        114.1 r         98.7 r        101.8 r
     III         110.7 r        122.9 r        111.1 r        113.4 r         99.0 r        102.5 r
     II          112.0 r        123.6 r        110.4 r        113.5 r         99.5 r        101.3 r
     I           110.8 r        123.0 r        111.0 r        112.0 r         98.2 r        101.1 r

2016 ANNUAL      110.3 r        121.6 r        110.2 r        111.1 r         99.1 r        100.7 r

2016 IV          111.0 r        122.1 r        110.0 r        111.3 r         98.4 r        100.3 r
     III         110.2 r        121.5 r        110.2 r        112.3 r         99.9 r        101.9 r
     II          109.9 r        121.0 r        110.1 r        111.6 r         99.8 r        101.6 r
     I           110.2 r        121.9 r        110.5 r        109.1 r         98.2 r         99.0 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                        May 3, 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             0.6            1.1            0.5            1.0           -2.4            0.4  

2017 ANNUAL       -0.3            1.4 r          1.8 r          1.0 r         -1.1            1.3 r

2017 IV            3.5 r          5.8 r          2.2 r          2.3 r         -1.0 r         -1.1 r
     III          -5.5 r         -1.4 r          4.3            2.5            0.4 r          8.5 r
     II            1.1 r          3.7 r          2.5 r         -2.9 r         -3.0 r         -4.0 r
     I             0.9 r          1.5 r          0.6            6.8            3.7 r          5.8 r

2016 ANNUAL        0.4 r          1.1 r          0.7            0.1 r         -1.2 r         -0.3 r

2016 IV            1.5 r          1.6 r          0.2 r         -5.2           -7.8 r         -6.6 r
     III          -2.4 r          0.0 r          2.4 r          1.8 r          0.0 r          4.3 r
     II           -3.9 r         -2.0 r          2.0 r          3.5 r          0.8 r          7.7 r
     I             4.7 r          2.7 r         -1.9 r         -7.6 r         -7.6          -11.8 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 I            -0.1            2.3            2.4            0.7           -1.5            0.9  

2017 ANNUAL       -0.3            1.4 r          1.8 r          1.0 r         -1.1            1.3 r

2017 IV           -0.1 r          2.4 r          2.4 r          2.1 r          0.0 r          2.2  
     III          -0.6 r          1.3 r          1.9 r          0.2           -1.8 r          0.7 r
     II            0.2            1.7 r          1.4 r          0.0 r         -1.9 r         -0.2 r
     I            -1.0 r          0.3 r          1.3 r          1.6 r         -0.9 r          2.7 r

2016 ANNUAL        0.4 r          1.1 r          0.7            0.1 r         -1.2 r         -0.3 r

2016 IV           -0.1 r          0.6 r          0.7 r         -2.0 r         -3.7 r         -1.9 r
     III          -0.6 r          0.6 r          1.2 r          0.5 r         -0.6 r          1.2 r
     II            0.6 r          1.2 r          0.7 r          0.8 r         -0.3 r          0.2 r
     I             1.7 r          2.0 r          0.4 r          1.1 r          0.0 r         -0.5 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2009=100

2018 I           105.5          113.1          107.2          113.8           97.6          107.8  

2017 ANNUAL      105.4 r        111.6 r        105.9 r        112.8 r         98.5 r        107.1 r

2017 IV          105.4 r        112.8 r        107.1 r        113.5 r         98.2 r        107.7 r
     III         104.5 r        111.3 r        106.5 r        112.8 r         98.4 r        108.0 r
     II          106.0 r        111.6 r        105.4 r        112.1 r         98.3 r        105.8 r
     I           105.7 r        110.6 r        104.7 r        112.9 r         99.1 r        106.9 r

2016 ANNUAL      105.7 r        110.0 r        104.1 r        111.7 r         99.7 r        105.7 r

2016 IV          105.5 r        110.2 r        104.5 r        111.1 r         98.2 r        105.4 r
     III         105.1 r        109.8 r        104.5 r        112.6 r        100.2 r        107.2 r
     II          105.7 r        109.8 r        103.9 r        112.1 r        100.2 r        106.1 r
     I           106.8 r        110.3 r        103.3 r        111.1 r        100.0 r        104.1 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                        May 3, 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)

2017 ANNUAL    1.0       2.8      1.7       1.5      -0.6       0.5      0.7      0.6      0.3      0.5  

2017 IV        0.8       3.5      2.7       2.0      -1.3       1.2     -1.3      0.4      2.6      0.7  
     III       0.3 r     1.7      1.5       3.6       1.4 r     3.3      1.8      2.8      1.6      2.7  
     II        3.6       6.4      2.7 r     0.5 r     0.4 r    -3.0     -1.8     -2.6     13.7     -0.6  
     I         2.2 r     4.1      1.8 r     4.5 r     1.5 r     2.3     -1.0      1.2     -2.7      0.7  

2016 ANNUAL   -0.1 r     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 r    -3.7      -6.3 r     0.9      9.2      3.5     -2.8      2.7  
     III       5.8       7.4      1.5 r     1.9 r     0.0      -3.7     -4.5     -4.0      7.3     -2.6  
     II       -1.9      -0.6      1.3       3.9 r     1.1 r     5.9      1.7      4.5    -28.8     -0.8  
     I         0.7 r     1.1      0.4 r    -1.6 r    -1.6 r    -2.3    -13.0     -5.9     47.7      0.0  

2015 ANNUAL    1.4       3.6      2.2       3.0       2.8 r     1.6      0.4      1.2     -5.1      0.3  

2015 IV       -1.7       1.5      3.3       3.1       3.0 r     4.9     13.8      7.7    -41.5     -0.9  
     III       0.6       2.5      1.9       0.4      -1.2 r    -0.2     -0.1     -0.2      5.3      0.6  
     II       -1.9      -0.9      1.0       2.8       0.1 r     4.8      4.0      4.5     -1.3      3.7  
     I         3.6       4.6      1.0 r     7.5      10.3       3.7     -2.2      1.8    -23.7     -2.5  
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2017 ANNUAL    1.0       2.8      1.7       1.5      -0.6       0.5      0.7      0.6      0.3      0.5  

2017 IV        1.7       3.9      2.2       2.6       0.5       0.9     -0.6      0.4      3.6      0.9  
     III       0.3       2.0      1.7       1.2 r    -0.8       0.8      2.0      1.2      2.3      1.3  
     II        1.7 r     3.4      1.7 r     0.7      -1.1 r    -0.9      0.4     -0.5      3.7      0.0  
     I         0.3       1.7      1.3 r     1.6 r    -1.0       1.3      1.2      1.3     -7.8      0.0  

2016 ANNUAL   -0.1 r     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 r    -1.7 r     0.1     -2.0     -0.6      2.3     -0.2  
     III       0.7 r     2.3      1.6 r     1.8 r     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 r     0.1       1.7      0.7      1.4     -2.6      0.8  

2015 ANNUAL    1.4       3.6      2.2       3.0       2.8 r     1.6      0.4      1.2     -5.1      0.3  

2015 IV        0.1       1.9      1.8       3.4       2.9 r     3.3      3.7      3.4    -17.5      0.2  
     III       1.0       2.8      1.8       3.3       3.0 r     2.3      0.1      1.6     -6.1      0.4  
     II        1.8       3.9      2.1       3.5       3.4       1.6     -0.4      1.0     -2.1      0.5  
     I         2.7       6.0      3.2 r     1.9       2.0      -0.8     -1.8     -1.1      7.6      0.1  
---------------------------------------------------------------------------------------------------------
                                            Indexes 2009=100

2017 ANNUAL  108.8     126.9    116.6     117.2     102.3     107.6    100.7    105.3    138.4    108.8  

2017 IV      109.3     128.5    117.6     118.1     102.2     108.1    100.6    105.6    140.5    109.2  
     III     109.1 r   127.4    116.8 r   117.6 r   102.6 r   107.8    100.9    105.5    139.6    109.1  
     II      109.0 r   126.8    116.4 r   116.5 r   102.2 r   106.9    100.4    104.8    139.0    108.3  
     I       108.0 r   124.9    115.6 r   116.4 r   102.1 r   107.7    100.9    105.4    134.6    108.5  

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

2016 IV      107.4 r   123.6    115.1 r   115.1 r   101.7 r   107.1    101.1    105.1    135.5    108.3  
     III     108.7 r   124.9    114.9 r   116.2 r   103.4 r   106.9     98.9    104.2    136.5    107.6  
     II      107.2 r   122.6    114.4 r   115.7 r   103.4 r   107.9    100.1    105.3    134.1    108.3  
     I       107.7 r   122.8    114.1 r   114.6 r   103.1 r   106.4     99.7    104.1    146.0    108.5  

2015 ANNUAL  107.9     121.8    112.9     114.1     103.1 r   105.8    100.5    104.0    145.8    108.4  

2015 IV      107.5 r   122.5    114.0 r   115.0 r   103.5 r   107.0    103.2    105.7    132.4    108.5  
     III     108.0     122.0    113.0     114.2     102.8 r   105.7     99.9    103.8    151.4    108.8  
     II      107.8 r   121.3    112.5 r   114.0 r   103.1 r   105.8     99.9    103.8    149.5    108.6  
     I       108.3 r   121.6    112.2 r   113.3 r   103.1 r   104.6     98.9    102.7    150.0    107.6  
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                              May 3, 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.
 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)

 2015 ANNUAL    1.1         3.5        2.3        2.9        2.7 r      1.7       -0.8        0.6  

 2015 IV       -2.9         0.2        3.2        4.1        3.9 r      7.2 r     -9.2       -0.2  
      III       1.5         1.6        0.1        1.1       -0.5       -0.4        3.2        1.1  
      II        1.6         3.3        1.6        3.9        1.2 r      2.3        1.6        2.0  
      I         2.7         4.0        1.3        3.3        6.0        0.6       -2.4       -0.7  

 2014 ANNUAL    0.8         3.2        2.4        2.7        1.0        1.9        1.3        1.6  

 2014 IV       -2.2         2.5        4.8        4.5        5.4 r      6.8       -8.3       -0.1  
      III       3.5         6.8        3.1        2.2        1.1       -1.3        5.3        1.6  
      II        2.3         5.8        3.4       -2.4       -4.4 r     -4.6       12.6        2.5  
      I        -3.1        -1.7        1.5        7.4        4.6       10.9       -9.7        1.4  

 2013 ANNUAL    0.7         2.2        1.5        1.3       -0.1        0.6        2.7        1.5  

 2013 IV        3.8         5.4        1.4 r      1.9        0.4       -1.9        6.5        1.7  
      III       1.5         4.1        2.6        0.6       -1.5       -0.9        5.5        1.9  
      II       -0.1         1.1        1.1        5.9        6.3 r      6.0       -6.2        0.5  
      I         2.3         3.7        1.4       -8.3       -9.9 r    -10.4       19.8        1.5  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL    1.1         3.5        2.3        2.9        2.7 r      1.7       -0.8        0.6  

 2015 IV        0.7         2.3        1.5        3.1        2.6 r      2.4       -1.9        0.5  
      III       0.9         2.8        1.9        3.2        3.0        2.3       -1.6        0.6  
      II        1.4         4.1        2.7        3.5        3.4        2.1       -1.1        0.7  
      I         1.6         4.8        3.1        1.9        1.9 r      0.3        1.5        0.8  

 2014 ANNUAL    0.8         3.2        2.4        2.7        1.0        1.9        1.3        1.6  

 2014 IV        0.1         3.3        3.2        2.9        1.6        2.8       -0.5        1.3  
      III       1.6         4.0        2.4        2.2        0.4        0.6        3.3        1.8  
      II        1.1         3.4        2.2        1.8       -0.3 r      0.7        3.4        1.9  
      I         0.5         2.2        1.7        3.9        2.4        3.4       -1.2        1.4  

 2013 ANNUAL    0.7         2.2        1.5        1.3       -0.1        0.6        2.7        1.5  

 2013 IV        1.9         3.6        1.6       -0.1       -1.4 r     -2.0        6.0        1.4  
      III       0.6         2.3        1.7        2.2        0.6 r      1.6        1.0        1.3  
      II       -0.1         1.4        1.5        2.1        0.6 r      2.2        0.5        1.4  
      I         0.5         1.7        1.3        1.3       -0.5        0.8        3.3        1.9  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL  106.8       118.4      110.8      114.4      103.4 r    107.1      112.3      109.3  

 2015 IV      106.6 r     118.9      111.6 r    115.7 r    104.1 r    108.6 r    110.8 r    109.5  
      III     107.3 r     118.8      110.7      114.6      103.1 r    106.7      113.5      109.6  
      II      106.9 r     118.4      110.7 r    114.3 r    103.3 r    106.9 r    112.6      109.3  
      I       106.5 r     117.4      110.2 r    113.2 r    103.0 r    106.3      112.2 r    108.7  

 2014 ANNUAL  105.6       114.4      108.3      111.2      100.6 r    105.3      113.2      108.6  

 2014 IV      105.8 r     116.3      109.9 r    112.3 r    101.5 r    106.1      112.9 r    108.9  
      III     106.4 r     115.5      108.6 r    111.0 r    100.2 r    104.4      115.4      109.0  
      II      105.5       113.7      107.8      110.4       99.9 r    104.7      113.9      108.5  
      I       104.9 r     112.1      106.9 r    111.1 r    101.0 r    106.0      110.6      107.9  

 2013 ANNUAL  104.8       110.8      105.8      108.3       99.7 r    103.4      111.8      106.9  

 2013 IV      105.7       112.6      106.5 r    109.1 r     99.9 r    103.3      113.4      107.5  
      III     104.7       111.1      106.1      108.6       99.8 r    103.7      111.6      107.1  
      II      104.3       110.0      105.4      108.5      100.2 r    104.0      110.1      106.6  
      I       104.3       109.7      105.1      106.9 r     98.7 r    102.5      111.9      106.4  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                        May 3, 2018
 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)

 2015 ANNUAL    1.2         3.4        2.2        3.1        2.9 r      1.8       -0.3        0.9  

 2015 IV       -2.7         0.3        3.0 r      4.3        4.1 r      7.2       -8.8        0.1  
      III       1.2         1.3        0.1        1.0       -0.6 r     -0.2        3.0        1.2  
      II        1.3         3.3        2.0        3.6        0.9 r      2.3        1.5        1.9  
      I         3.0         4.0        0.9        3.7        6.3 r      0.6       -0.9        0.0  

 2014 ANNUAL    1.0         3.3        2.3        2.9        1.1 r      1.9        1.6        1.8  

 2014 IV       -2.1         2.3        4.5        4.9        5.7 r      7.1       -8.4        0.0  
      III       4.2         6.9        2.6 r      3.0        1.8 r     -1.2        6.5        2.1  
      II        2.5         5.8        3.2       -2.3       -4.3 r     -4.7       11.9        2.1  
      I        -3.2        -1.4        1.9        7.0        4.3       10.6       -9.9        1.2  

 2013 ANNUAL    0.3         2.0        1.7        1.2       -0.3        0.9        2.4        1.5  

 2013 IV        4.1         5.6        1.4        2.1        0.6       -1.9        8.0        2.3  
      III       1.6         3.8        2.2        1.1       -1.1       -0.5        6.2        2.3  
      II       -0.6         0.6        1.2        5.8        6.2 r      6.5       -5.6        1.1  
      I         0.9         2.8        1.9       -8.9      -10.4       -9.7       17.7        1.1  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL    1.2         3.4        2.2        3.1        2.9 r      1.8       -0.3        0.9  

 2015 IV        0.7         2.2        1.5        3.1        2.7        2.4       -1.4        0.8  
      III       0.8         2.7        1.9        3.3        3.1        2.4       -1.3        0.8  
      II        1.6         4.1        2.5        3.8        3.7 r      2.2       -0.5        1.0  
      I         1.9         4.7        2.8        2.3        2.3 r      0.4        2.0        1.1  

 2014 ANNUAL    1.0         3.3        2.3        2.9        1.1 r      1.9        1.6        1.8  

 2014 IV        0.3         3.4        3.0        3.1        1.8 r      2.8       -0.4        1.4  
      III       1.9         4.2        2.3        2.4        0.6        0.5        3.8        1.9  
      II        1.2         3.4        2.2        1.9       -0.2 r      0.7        3.7        2.0  
      I         0.5         2.1        1.7        4.0        2.5        3.5       -0.6        1.7  

 2013 ANNUAL    0.3         2.0        1.7        1.2       -0.3        0.9        2.4        1.5  

 2013 IV        1.5         3.2        1.7       -0.1       -1.3       -1.6        6.3        1.7  
      III       0.1         1.9        1.8        2.1        0.5 r      2.0        0.6        1.4  
      II       -0.5         1.2        1.7        1.9        0.4        2.4       -0.1        1.3  
      I         0.2         1.7        1.5        1.0       -0.8        0.8        2.7        1.6  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL  107.0       118.5      110.7      114.7      103.6 r    107.2      111.8      109.1  

 2015 IV      106.7 r     119.0      111.5 r    116.0 r    104.4 r    108.7      110.4 r    109.5  
      III     107.4       118.9      110.7      114.8 r    103.4 r    106.9      113.0      109.4  
      II      107.1 r     118.5      110.6 r    114.5 r    103.5 r    106.9 r    112.2      109.1  
      I       106.8 r     117.6      110.1 r    113.5 r    103.3 r    106.3      111.8 r    108.6  

 2014 ANNUAL  105.7       114.6      108.4      111.3      100.7 r    105.3      112.2      108.2  

 2014 IV      106.0 r     116.4      109.8 r    112.5 r    101.7 r    106.1      112.0      108.6  
      III     106.5       115.7      108.7      111.2      100.3 r    104.4      114.5      108.6  
      II      105.4 r     113.8      108.0 r    110.4 r     99.8 r    104.7      112.7      108.0  
      I       104.8 r     112.2      107.1 r    111.0 r    100.9 r    105.9      109.6      107.5  

 2013 ANNUAL  104.7       110.9      106.0      108.2       99.5 r    103.3      110.5      106.3  

 2013 IV      105.6       112.6      106.6      109.1       99.9 r    103.3      112.5      107.1  
      III     104.6 r     111.1      106.2      108.5       99.7 r    103.8      110.3      106.5  
      II      104.1 r     110.1      105.7 r    108.3 r    100.0 r    103.9      108.7      105.9  
      I       104.3       109.9      105.4 r    106.7 r     98.5 r    102.3      110.3      105.6  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                        May 3, 2018
 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)

 2015 ANNUAL        0.3            1.2            1.0            2.5            2.3 r          2.2  

 2015 IV           -3.3 r         -1.8 r          1.5            8.5            8.3 r         12.2 r
      III           2.7 r          1.3 r         -1.3            1.9            0.3 r         -0.7 r
      II            0.7 r          0.6 r         -0.1 r          3.6            0.8 r          2.8 r
      I             0.3 r         -0.4 r         -0.8            0.4            3.0            0.0 r

 2014 ANNUAL        0.0            1.6            1.6            2.8            1.1            2.8  

 2014 IV           -1.4 r          2.9 r          4.3            4.9            5.7 r          6.3 r
      III           1.0 r          2.7 r          1.7            2.2            1.1            1.2 r
      II            0.9 r          4.8            3.8           -3.2           -5.2 r         -4.1  
      I             0.5 r         -1.1 r         -1.6           11.3            8.4           10.8 r

 2013 ANNUAL        0.9            1.8            0.8            0.2           -1.3           -0.8  

 2013 IV           -1.6 r          2.1 r          3.8           -1.1           -2.6            0.5 r
      III          -1.8 r          0.0 r          1.8            0.9           -1.3 r          2.8 r
      II            3.0 r          1.0 r         -2.0            3.1            3.5 r          0.1 r
      I             2.8 r          4.9 r          2.1           -4.6           -6.2 r         -7.2 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL        0.3            1.2            1.0            2.5            2.3 r          2.2  

 2015 IV            0.1 r         -0.1 r         -0.2            3.6 r          3.1            3.5 r
      III           0.6            1.1            0.5            2.7            2.4 r          2.1 r
      II            0.2 r          1.4 r          1.3            2.7            2.6 r          2.6 r
      I             0.2 r          2.5 r          2.2            1.0            1.1            0.8 r

 2014 ANNUAL        0.0            1.6            1.6            2.8            1.1            2.8  

 2014 IV            0.3 r          2.3 r          2.0            3.7            2.4            3.4 r
      III           0.2            2.1            1.9            2.2            0.3 r          1.9  
      II           -0.5 r          1.4 r          1.9            1.8           -0.3 r          2.3 r
      I             0.0            0.5            0.5            3.4            1.9 r          3.4  

 2013 ANNUAL        0.9            1.8            0.8            0.2           -1.3           -0.8  

 2013 IV            0.6 r          2.0 r          1.4           -0.5           -1.7 r         -1.0 r
      III           1.5 r          2.0 r          0.5            0.9           -0.6           -0.6 r
      II            1.5 r          1.7            0.2            0.4           -1.0           -1.1  
      I             0.2 r          1.4 r          1.2           -0.2           -1.9           -0.4 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL      107.2          115.6          107.8          110.7          100.0 r        103.2  

 2015 IV          107.0 r        115.5 r        107.9 r        112.9 r        101.6 r        105.6 r
      III         107.9 r        116.0 r        107.5          110.6           99.6 r        102.6 r
      II          107.2 r        115.6 r        107.9          110.1           99.5 r        102.7 r
      I           107.0 r        115.4 r        107.9 r        109.1 r         99.3 r        102.0 r

 2014 ANNUAL      107.0          114.2          106.8          108.0           97.7 r        101.0  

 2014 IV          106.9 r        115.6 r        108.1          109.0           98.6 r        102.0 r
      III         107.3 r        114.8 r        107.0          107.7           97.2 r        100.5 r
      II          107.0 r        114.0 r        106.5          107.2           96.9 r        100.2 r
      I           106.7 r        112.7 r        105.6          108.0           98.3 r        101.2 r

 2013 ANNUAL      107.0          112.5          105.1          105.1           96.7 r         98.2  

 2013 IV          106.6 r        113.0 r        106.0          105.2           96.3 r         98.7 r
      III         107.0 r        112.4 r        105.0          105.5           96.9 r         98.5 r
      II          107.5 r        112.4 r        104.5          105.2           97.2 r         97.9 r
      I           106.7 r        112.1 r        105.1          104.4           96.4 r         97.9 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                        May 3, 2018
 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)

 2015 ANNUAL        0.3            0.8            0.5            3.1            2.9 r          2.8  

 2015 IV           -5.8 r         -4.9 r          1.0 r         10.5 r         10.3 r         17.3 r
      III           2.5 r          0.3 r         -2.2            1.6 r          0.0           -0.9 r
      II            0.7 r          0.2 r         -0.5            2.9            0.1 r          2.1 r
      I            -0.4 r         -1.7 r         -1.3            2.2            4.8 r          2.6 r

 2014 ANNUAL        0.6            2.8            2.2            2.3            0.6            1.7  

 2014 IV            0.9 r          3.1 r          2.2            6.1            7.0 r          5.2 r
      III           0.8 r          4.0 r          3.2            2.3            1.1 r          1.4 r
      II            0.6 r          6.4 r          5.8           -3.8 r         -5.8 r         -4.4 r
      I             1.1 r         -0.3 r         -1.4           11.2            8.4           10.0 r

 2013 ANNUAL        0.9            2.1            1.2           -0.6           -2.0           -1.5  

 2013 IV           -0.1 r          4.3 r          4.5           -3.5           -5.0           -3.4 r
      III          -1.1 r          0.7 r          1.9            1.7           -0.5            2.9 r
      II            3.2 r          1.1 r         -2.0 r          2.3 r          2.7 r         -0.9 r
      I             2.1 r          5.5 r          3.3           -6.0           -7.6           -8.0 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL        0.3            0.8            0.5            3.1            2.9 r          2.8  

 2015 IV           -0.8 r         -1.6 r         -0.8 r          4.2            3.7 r          5.0 r
      III           0.9 r          0.5           -0.5            3.2            2.9 r          2.2 r
      II            0.5 r          1.4 r          0.9            3.3 r          3.2 r          2.8 r
      I             0.5 r          2.9 r          2.4            1.6            1.7            1.2 r

 2014 ANNUAL        0.6            2.8            2.2            2.3            0.6            1.7  

 2014 IV            0.8 r          3.3 r          2.4            3.8            2.5            2.9 r
      III           0.6            3.6            3.0            1.3           -0.5 r          0.8 r
      II            0.1 r          2.7 r          2.7            1.2           -0.9 r          1.1 r
      I             0.7 r          1.5            0.7            2.8            1.3            2.0  

 2013 ANNUAL        0.9            2.1            1.2           -0.6           -2.0           -1.5  

 2013 IV            1.0 r          2.9 r          1.9           -1.4           -2.7 r         -2.4 r
      III           1.5            2.3            0.8            0.7           -0.9 r         -0.8  
      II            1.2            1.6 r          0.4           -0.3           -1.8 r         -1.5  
      I             0.1 r          1.6 r          1.6           -1.2           -2.9           -1.3 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL      111.8          123.7          110.6          109.9           99.3 r         98.3  

 2015 IV          110.9 r        122.6 r        110.5 r        112.4 r        101.1 r        101.3 r
      III         112.6 r        124.1 r        110.2          109.6           98.7 r         97.3 r
      II          111.9 r        124.0 r        110.8 r        109.2 r         98.7 r         97.6 r
      I           111.7 r        124.0 r        111.0 r        108.4 r         98.6 r         97.1 r

 2014 ANNUAL      111.5          122.7          110.1          106.6           96.5 r         95.6  

 2014 IV          111.8 r        124.5 r        111.3 r        107.8 r         97.5 r         96.4 r
      III         111.6 r        123.5 r        110.7          106.2           95.8 r         95.2 r
      II          111.3 r        122.3 r        109.9 r        105.6 r         95.6 r         94.9 r
      I           111.2 r        120.5 r        108.3          106.7           97.0 r         95.9 r

 2013 ANNUAL      110.8          119.4          107.7          104.2           95.9 r         94.0  

 2013 IV          110.9 r        120.5 r        108.7          103.9           95.1 r         93.7 r
      III         110.9 r        119.3 r        107.5          104.8           96.3 r         94.5 r
      II          111.2 r        119.1 r        107.0 r        104.4 r         96.4 r         93.8 r
      I           110.4 r        118.7 r        107.6          103.8           95.8 r         94.0 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                        May 3, 2018
 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)

 2015 ANNUAL        0.2            1.9            1.7            1.5            1.3 r          1.3  

 2015 IV           -0.7 r          1.7 r          2.5 r          4.9 r          4.8 r          5.7 r
      III           2.4 r          2.5 r          0.1            2.9            1.2 r          0.5 r
      II            0.4 r          1.2 r          0.8 r          5.0            2.2 r          4.5 r
      I             1.1 r          1.2 r          0.1           -2.9           -0.4           -3.9 r

 2014 ANNUAL        0.1            0.7            0.6            3.6            1.9            3.5  

 2014 IV           -4.8 r          2.8 r          8.0 r          2.9 r          3.7 r          8.1 r
      III           2.5 r          1.6 r         -0.9 r          1.9 r          0.7           -0.6 r
      II            3.0 r          3.5 r          0.5 r         -2.3           -4.3 r         -5.1 r
      I             0.5 r         -1.4 r         -1.9           11.4            8.6           10.8 r

 2013 ANNUAL        1.3            1.5            0.2            1.5            0.1            0.2  

 2013 IV           -2.3 r          0.2 r          2.6            3.6            2.1            6.1 r
      III          -2.2 r         -0.6 r          1.6           -0.5           -2.7 r          1.7 r
      II            2.8 r          0.9 r         -1.9            4.6            5.0 r          1.7 r
      I             4.1 r          4.2 r          0.0           -2.0           -3.7 r         -5.9 r
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2015 ANNUAL        0.2            1.9            1.7            1.5            1.3 r          1.3  

 2015 IV            0.8 r          1.7 r          0.9 r          2.4            1.9 r          1.6 r
      III          -0.3 r          1.9            2.2            1.9            1.7 r          2.2  
      II           -0.2            1.7 r          1.9 r          1.7            1.6            1.9 r
      I             0.4            2.3            1.9           -0.2           -0.1           -0.5 r

 2014 ANNUAL        0.1            0.7            0.6            3.6            1.9            3.5  

 2014 IV            0.2 r          1.6 r          1.4            3.3            2.1            3.1 r
      III           0.9            1.0 r          0.1            3.5            1.7            2.6  
      II           -0.3            0.4            0.7            2.9            0.8 r          3.2  
      I            -0.3 r         -0.2 r          0.1            4.7            3.1 r          5.0 r

 2013 ANNUAL        1.3            1.5            0.2            1.5            0.1            0.2  

 2013 IV            0.6 r          1.1 r          0.6            1.4            0.1 r          0.8 r
      III           1.8 r          1.6 r         -0.1            1.2           -0.3           -0.5 r
      II            2.2 r          2.0 r         -0.2            1.8            0.3 r         -0.4  
      I             0.9 r          1.4 r          0.5            1.8            0.0            0.9 r
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2009=100

 2015 ANNUAL      105.4          108.8          103.3          111.6          100.8 r        106.0  

 2015 IV          105.5 r        109.6 r        103.8 r        113.4 r        102.0 r        107.4 r
      III         105.7 r        109.1 r        103.2          112.0          100.8 r        105.9 r
      II          105.1 r        108.5 r        103.2          111.2 r        100.5 r        105.8 r
      I           105.0 r        108.1 r        103.0 r        109.9 r        100.0 r        104.6 r

 2014 ANNUAL      105.2          106.8          101.6          110.0           99.6 r        104.6  

 2014 IV          104.7 r        107.8 r        103.0 r        110.7 r        100.1 r        105.7 r
      III         106.0 r        107.1 r        101.0          109.9           99.2 r        103.7 r
      II          105.4 r        106.6 r        101.2 r        109.4 r         99.0 r        103.8 r
      I           104.6 r        105.7 r        101.1          110.1          100.1 r        105.2 r

 2013 ANNUAL      105.0          106.1          101.0          106.2           97.7 r        101.1  

 2013 IV          104.5 r        106.1 r        101.6          107.1           98.0 r        102.5 r
      III         105.1 r        106.1 r        100.9          106.2           97.5 r        101.0 r
      II          105.7 r        106.2 r        100.5          106.3           98.2 r        100.6 r
      I           104.9 r        106.0 r        101.0          105.1           97.0 r        100.2 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                        May 3, 2018
 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)

 2015 ANNUAL    1.4       3.6      2.2       3.0       2.8 r     1.6      0.4      1.2     -5.1      0.3  

 2015 IV       -1.7       1.5      3.3       3.1       3.0 r     4.9     13.8      7.7    -41.5     -0.9  
      III       0.6       2.5      1.9       0.4      -1.2 r    -0.2     -0.1     -0.2      5.3      0.6  
      II       -1.9      -0.9      1.0       2.8       0.1 r     4.8      4.0      4.5     -1.3      3.7  
      I         3.6       4.6      1.0 r     7.5      10.3       3.7     -2.2      1.8    -23.7     -2.5  

 2014 ANNUAL    1.3       4.0      2.7       2.6       0.9       1.3     -0.2      0.8      1.4      0.9  

 2014 IV        1.8       5.3      3.5       2.5       3.4 r     0.8     -1.1      0.2     -1.8     -0.2  
      III       3.8       6.9      3.0       1.2       0.1      -2.5     -2.2     -2.4     24.0      1.2  
      II        1.7       7.1      5.3      -3.3      -5.3 r    -4.9     -1.7     -3.9     44.2      1.8  
      I         3.1       4.5      1.4      10.4       7.6       7.1     -0.5      4.6    -28.5     -0.9  

 2013 ANNUAL    0.2       2.3      2.0       1.3      -0.1       1.1      0.2      0.8      4.6      1.4  

 2013 IV       -0.6       1.5      2.1       0.9      -0.6       1.5      2.0      1.7      2.7      1.8  
      III      -3.5      -0.9      2.7      -0.3      -2.4       3.4      3.2      3.3     -1.9      2.5  
      II        2.4       3.8      1.4       3.9       4.3 r     1.4     -2.0      0.3     -3.0     -0.2  
      I        -0.8       2.7      3.4      -4.0      -5.6      -3.3      0.4     -2.1     19.6      0.9  
 ----------------------------------------------------------------------------------------------------------
                        Percent change from corresponding quarter of previous year

 2015 ANNUAL    1.4       3.6      2.2       3.0       2.8 r     1.6      0.4      1.2     -5.1      0.3  

 2015 IV        0.1       1.9      1.8       3.4       2.9 r     3.3      3.7      3.4    -17.5      0.2  
      III       1.0       2.8      1.8       3.3       3.0 r     2.3      0.1      1.6     -6.1      0.4  
      II        1.8       3.9      2.1       3.5       3.4       1.6     -0.4      1.0     -2.1      0.5  
      I         2.7       6.0      3.2 r     1.9       2.0      -0.8     -1.8     -1.1      7.6      0.1  

 2014 ANNUAL    1.3       4.0      2.7       2.6       0.9       1.3     -0.2      0.8      1.4      0.9  

 2014 IV        2.6       5.9      3.3       2.6       1.3 r     0.0     -1.4     -0.4      5.8      0.5  
      III       2.0       5.0      2.9       2.2       0.4       0.2     -0.6     -0.1      7.0      1.0  
      II        0.2 r     3.0      2.8       1.8      -0.3 r     1.7      0.7      1.4      0.9      1.3  
      I         0.3       2.2      1.9       3.7       2.1 r     3.3      0.7      2.4     -8.6      0.8  

 2013 ANNUAL    0.2       2.3      2.0       1.3      -0.1       1.1      0.2      0.8      4.6      1.4  

 2013 IV       -0.6       1.7      2.4       0.1      -1.1       0.7      0.9      0.8      4.0      1.2  
      III       1.1       3.3      2.2       1.9       0.4       0.8     -0.5      0.4      4.4      1.0  
      II        0.6       2.4      1.9       2.0       0.5 r     1.4     -0.1      0.9      3.4      1.3  
      I        -0.1       1.6      1.7       1.4      -0.4 r     1.5      0.7      1.2      6.6      2.0  
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2009=100

 2015 ANNUAL  107.9     121.8    112.9     114.1     103.1 r   105.8    100.5    104.0    145.8    108.4  

 2015 IV      107.5 r   122.5    114.0 r   115.0 r   103.5 r   107.0    103.2    105.7    132.4    108.5  
      III     108.0     122.0    113.0     114.2     102.8 r   105.7     99.9    103.8    151.4    108.8  
      II      107.8 r   121.3    112.5 r   114.0 r   103.1 r   105.8     99.9    103.8    149.5    108.6  
      I       108.3 r   121.6    112.2 r   113.3 r   103.1 r   104.6     98.9    102.7    150.0    107.6  

 2014 ANNUAL  106.4     117.6    110.5     110.8     100.2 r   104.1    100.1    102.8    153.6    108.1  

 2014 IV      107.4 r   120.2    112.0 r   111.2 r   100.6 r   103.6     99.5    102.2    160.5    108.3  
      III     106.9     118.7    111.0     110.5      99.7 r   103.4     99.8    102.2    161.2    108.4  
      II      105.9 r   116.7    110.2 r   110.2 r    99.7 r   104.1    100.3    102.8    152.7    108.0  
      I       105.4 r   114.7    108.8 r   111.1 r   101.1 r   105.4    100.8    103.8    139.4    107.6  

 2013 ANNUAL  105.1     113.0    107.6     108.0      99.4 r   102.8    100.2    101.9    151.5    107.1  

 2013 IV      104.6     113.5    108.4     108.4      99.2 r   103.6    100.9    102.7    151.6    107.8  
      III     104.8     113.0    107.9     108.2      99.4 r   103.2    100.4    102.3    150.6    107.3  
      II      105.7 r   113.3    107.2 r   108.2 r   100.0 r   102.4     99.6    101.4    151.3    106.7  
      I       105.1 r   112.2    106.8 r   107.2 r    98.9 r   102.0    100.1    101.4    152.5    106.7  
 ---------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                              May 3, 2018
 r=revised                                                              Source: Bureau of Labor Statistics

Last Modified Date: May 03, 2018