Table 1. Business sector: Labor productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted



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 II        3.6         5.0        1.3        2.4        0.8       -1.1        9.7        3.4  
     I         0.6 r       2.5 r      1.9 r      4.3 r      0.7 r      3.7 r     -0.4 r      1.9 r

2017 ANNUAL    1.1 r       2.6 r      1.5        3.4 r      1.2 r      2.3 r      1.0 r      1.7 r

2017 IV       -1.1 r       2.9 r      4.1        1.2 r     -2.1 r      2.4 r      3.6 r      2.9 r
     III       2.8 r       3.5 r      0.7        5.6 r      3.4 r      2.8 r      0.9 r      2.0 r
     II        1.6         3.7        2.1        1.3 r      1.2 r     -0.3 r      2.3 r      0.8 r
     I        -0.2 r       1.9 r      2.0        4.0 r      1.0 r      4.2 r     -1.3 r      1.8 r

2016 ANNUAL    0.2 r       1.7 r      1.5        1.0 r     -0.2        0.9 r      0.9 r      0.9 r

2016 IV        1.9         2.2        0.3        5.6 r      2.7 r      3.6 r     -0.6 r      1.7 r
     III       1.6 r       2.2 r      0.6 r      2.5 r      0.6 r      0.9 r      1.7 r      1.3 r
     II        0.7 r       2.6        1.9 r      0.3 r     -2.3 r     -0.4 r      7.7 r      3.1 r
     I         0.2 r       1.6 r      1.4        0.0 r      0.1 r     -0.2 r     -1.5 r     -0.8 r
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2018 II        1.4         3.4        2.0        3.4        0.7        1.9        3.4        2.5  
     I         0.9 r       3.1 r      2.2        3.1 r      0.8 r      2.1 r      1.6 r      1.9 r

2017 ANNUAL    1.1 r       2.6 r      1.5        3.4 r      1.2 r      2.3 r      1.0 r      1.7 r

2017 IV        0.8 r       3.0 r      2.2        3.0 r      0.9 r      2.3 r      1.4 r      1.9 r
     III       1.5         2.8        1.3        4.1 r      2.1 r      2.6 r      0.3 r      1.6  
     II        1.2 r       2.5 r      1.3        3.3 r      1.4 r      2.1 r      0.5 r      1.4  
     I         1.0 r       2.2 r      1.2        3.1 r      0.5 r      2.1 r      1.8 r      2.0 r

2016 ANNUAL    0.2 r       1.7 r      1.5        1.0 r     -0.2        0.9 r      0.9 r      0.9 r

2016 IV        1.1         2.1        1.0        2.1 r      0.3 r      1.0 r      1.8 r      1.3 r
     III      -0.1         1.6        1.8        0.5 r     -0.7 r      0.6 r      1.0 r      0.8 r
     II       -0.4         1.3 r      1.6        0.4 r     -0.7 r      0.7 r      0.9 r      0.8 r
     I         0.1 r       1.6 r      1.6        1.2 r      0.1 r      1.2 r     -0.2 r      0.6 r
---------------------------------------------------------------------------------------------------
                                         Indexes 2012=100

2018 II      105.4       117.5      111.4      114.9      105.1      109.0      108.5      108.8  
     I       104.5 r     116.0 r    111.1 r    114.2 r    104.9 r    109.3 r    106.0 r    107.9 r

2017 ANNUAL  104.1 r     114.0 r    109.5 r    111.9 r    104.6 r    107.5 r    105.1 r    106.5 r

2017 IV      104.3 r     115.3 r    110.6 r    113.0 r    104.7 r    108.3 r    106.1 r    107.4 r
     III     104.6 r     114.5 r    109.5 r    112.7 r    105.3 r    107.7 r    105.1 r    106.6 r
     II      103.9 r     113.5 r    109.3 r    111.2 r    104.4 r    107.0 r    104.9 r    106.1 r
     I       103.5 r     112.5 r    108.7 r    110.8 r    104.1 r    107.0 r    104.3 r    105.8 r

2016 ANNUAL  102.9 r     111.1 r    107.9 r    108.2 r    103.4 r    105.2 r    104.1 r    104.7 r

2016 IV      103.5 r     112.0 r    108.2 r    109.7 r    103.8 r    105.9 r    104.6 r    105.4 r
     III     103.1 r     111.4 r    108.1 r    108.2 r    103.1 r    105.0 r    104.8 r    104.9 r
     II      102.7 r     110.8 r    107.9 r    107.6 r    103.0 r    104.8 r    104.4 r    104.6 r
     I       102.5 r     110.1 r    107.4 r    107.5 r    103.6 r    104.9 r    102.4 r    103.8 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                    August 15, 2018
r=revised                                                        Source: Bureau of Labor Statistics

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Last Modified Date: August 15, 2018