Table 2. Nonfarm business sector: Labor productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted



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

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Last Modified Date: May 03, 2018