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Internet address: Historical, technical information: Current data: Media contact: http://www.bls.gov/lpc USDL 06-394 TRANSMISSION OF THIS MATERIAL IS EMBARGOED UNTIL 8:30 A.M. EST, TUESDAY, MARCH 7, 2006 (202) 691-5606 (202) 691-5200 (202) 691-5902 PRODUCTIVITY AND COSTS Fourth Quarter and Annual Averages, 2005 Revised The Bureau of Labor Statistics of the U.S. Department of Labor today reported revised fourth-quarter seasonally-adjusted annual rates of productivity change—as measured by output per hour of all persons—and revised changes for calendar year 2005. Percent changes in business and nonfarm business productivity were: Business sector........................................ Nonfarm business sector ......................... Fourth quarter Annual averages 2004-2005 0.0 -0.5 2.7 2.9 In the business sector, output per hour was unchanged from the third quarter to the fourth quarter of 2005, compared to the preliminary estimate of a 0.2 percent decline published February 2. In nonfarm businesses, productivity fell 0.5 percent, slightly less than the 0.6 percent decline reported previously (seasonally adjusted annual rates). Nonfarm business productivity last declined during the first quarter of 2001, when it fell 0.6 percent. On an annual average basis, productivity rose 2.7 percent in the business sector, 0.1 percentage point more than previously reported, and increased 2.9 percent in nonfarm businesses, compared to the preliminary estimate of 2.7 percent. In the manufacturing sector, increases in productivity were: Manufacturing......................................... Durable goods manufacturing............... Nondurable goods manufacturing......... Fourth quarter Annual averages 2004-2005 4.7 10.2 -2.0 5.0 6.6 3.4 Productivity in total manufacturing grew at a 4.7 percent annual rate in the fourth quarter of 2005, more than the 3.9 percent preliminary estimate, as a downward revision to fourth- 2 quarter productivity growth in nondurable goods manufacturing partially offset an upward revision to output per hour in the durable goods subsector. When revised annual averages for 2005 are compared to those for 2004, productivity increases were revised up in total manufacturing and nondurable manufacturing, while the 6.6 percent increase in durable manufacturing output per hour was the same as the preliminary estimate published February 2. Output and hours in manufacturing, which includes about 13 percent of U.S. business-sector employment, tend to vary more from quarter to quarter than data for the aggregate business and nonfarm business sectors. Fourth-quarter productivity and related measures are summarized in table A and appear in detail in tables 1 through 5. Preliminary and revised fourth-quarter and annual data appear in table C. Table A. Productivity and costs: Revised fourth-quarter 2005 measures (Seasonally adjusted annual rates) Sector Productivity Output Hours Hourly compensation Real hourly compensation Unit labor costs Percent change from preceding quarter Business Nonfarm business Manufacturing Durable Nondurable 0.0 -0.5 4.7 10.2 -2.0 1.8 1.5 9.3 15.3 2.0 1.7 2.0 4.4 4.6 4.0 3.1 2.8 1.8 1.8 1.8 -0.1 -0.4 -1.4 -1.4 -1.4 3.1 3.3 -2.8 -7.7 3.9 -0.1 0.1 0.7 0.4 1.2 1.2 1.3 0.2 -2.5 3.5 Percent change from same quarter a year ago Business Nonfarm business Manufacturing Durable Nondurable 2.4 2.5 4.3 6.8 1.4 3.7 3.7 4.3 7.8 -0.1 1.3 1.2 0.0 0.9 -1.5 3.6 3.8 4.5 4.2 4.9 The data sources and methods used in the preparation of the manufacturing series differ from those used in preparing the business and nonfarm business series, and these measures are not directly comparable. Output measures for business and nonfarm business are based on measures of gross domestic product prepared by the Bureau of Economic Analysis of the U.S. Department of Commerce. Quarterly output measures for manufacturing reflect indexes of industrial production prepared by the Board of Governors of the Federal Reserve System. See Technical Notes (page 9) for further information on data sources. 3 THIRD-TO-FOURTH QUARTER 2005 CHANGES Business Labor productivity in the business sector was unchanged in the fourth quarter of 2005, as output increased 1.8 percent and hours of all persons engaged in the sector increased 1.7 percent (table 1). Revised estimates show that output per hour increased 4.9 percent in the third quarter, as output increased 4.8 percent and hours declined 0.1 percent. Hourly compensation grew at a 3.1-percent annual rate in the fourth quarter, compared with a 6.0-percent rise in the third quarter. This measure includes wages and salaries, supplements, employer contributions to employee-benefit plans, and taxes. Real hourly compensation, which takes into account changes in consumer prices, declined 0.1 percent in the fourth quarter of 2005 after increasing 0.9 percent one quarter earlier. Unit labor costs, which reflect changes in hourly compensation and productivity, increased 3.1 percent during the fourth quarter of 2005, after rising 1.1 percent in the third quarter. The implicit price deflator for business output, which reflects changes in unit labor costs and unit nonlabor payments, increased 3.4 percent in the fourth quarter and 3.2 percent in the third quarter. Nonfarm business In the nonfarm business sector, productivity fell at an annual rate of 0.5 percent in the fourth quarter of 2005, as output rose 1.5 percent and hours of all persons—employees, proprietors, and unpaid family workers—grew 2.0 percent (seasonally adjusted annual rates). Nonfarm business productivity increased 4.2 percent in the third quarter of 2005, as output and hours grew 4.7 percent and 0.4 percent, respectively (table 2). Hourly compensation rose 2.8 percent in the fourth quarter, after increasing 5.5 percent in the third quarter. When the increase in consumer prices was taken into account, real hourly compensation fell 0.4 percent in the fourth quarter and rose 0.3 percent in the third quarter. Unit labor costs rose 3.3 percent in the fourth quarter after increasing 1.2 percent one quarter earlier. The implicit price deflator for nonfarm business increased 3.4 percent in the fourth quarter, and 3.5 percent in the third quarter, of 2005. Manufacturing Manufacturing productivity increased 4.7 percent in the fourth quarter of 2005, as output grew 9.3 percent and hours grew 4.4 percent (seasonally adjusted annual rates). The hours increase was the largest since the second quarter of 1996, when hours grew 6.3 percent. In durable goods industries, productivity increased 10.2 percent when output grew 15.3 percent and hours rose 4.6 percent. In nondurable goods industries, output per hour fell 2.0 percent, reflecting increases of 2.0 percent in output and 4.0 percent in hours. During the third quarter, productivity increased 3.7 percent in total manufacturing, 6.5 percent in durable goods manufacturing, and 0.7 percent in nondurable goods manufacturing (tables 3, 4, and 5). 4 Hourly compensation increased 1.8 percent during the fourth quarter in total manufacturing and in both subsectors. When the increase in consumer prices was taken into account, real hourly compensation fell 1.4 percent in the fourth quarter for workers in total, durable, and nondurable manufacturing. Unit labor costs in manufacturing fell 2.8 percent in the fourth quarter of 2005, after increasing 1.8 percent in the third quarter. These costs declined 7.7 percent in durable goods industries and rose 3.9 percent in nondurable goods industries during the fourth quarter of 2005. ANNUAL AVERAGE CHANGES, 2004-2005 Business Business sector productivity increased 2.7 percent when the annual average for 2005 was compared with the annual average for 2004 (table B). Output increased 4.0 percent and hours of all persons engaged in the sector rose 1.3 percent. The 2.7-percent increase in 2005 followed a three-year period in which productivity growth increased rapidly, at an average of 3.9 percent per year, and is the same as the 2.7-percent productivity trend from 1995 to 2001. Table B. Productivity and costs: Revised 2005 annual averages (Seasonally adjusted annual rates) Sector Productivity Output Hours Hourly compensation Real hourly compensation Unit labor costs 2.0 2.1 3.5 3.2 4.1 2.7 2.6 1.9 0.0 4.0 Percent change from previous year Business Nonfarm business Manufacturing Durable Nondurable 2.7 2.9 5.0 6.6 3.4 4.0 4.2 3.9 6.4 0.7 1.3 1.3 -1.1 -0.2 -2.6 5.4 5.5 7.0 6.6 7.6 Hourly compensation in the business sector increased 5.4 percent in 2005 and 4.7 percent in 2004. Real hourly compensation increased 2.0 percent in each of the last two years. Business sector unit labor costs increased 2.7 percent in 2005, more than in any calendar year since 2000, when these costs increased 4.0 percent. In 2004, unit labor costs rose 1.2 percent. The implicit price deflator rose 2.6 percent in 2005 and 2.4 percent in 2004. 5 Nonfarm business Productivity increased 2.9 percent in the nonfarm business sector during 2005. Output grew 4.2 percent and hours of all persons increased 1.3 percent. In 2004, productivity grew 3.4 percent, as output grew 4.8 percent and hours increased 1.3 percent. As in the more comprehensive business sector, nonfarm productivity grew at an above-average rate from 2001 to 2004, 3.8 percent. Productivity grew at an annual rate of 2.5 percent from 1995 to 2001. Hourly compensation grew 5.5 percent in 2005. This was the largest increase in this measure since 2000 (7.1 percent), and followed a 4.6-percent increase in 2004. Real hourly compensation increased 2.1 percent in 2005 and 1.8 percent in 2004. Unit labor costs in the nonfarm business sector rose 2.6 percent in 2005, after rising 1.1 percent in 2004. The 2005 increase in unit labor costs was the largest since 2000, when these costs increased 4.2 percent. The implicit price deflator, which reflects nonlabor payments as well as labor costs, increased 2.8 percent in 2005, following a 2.1-percent rise in 2004. Manufacturing Manufacturing productivity grew 5.0 percent in 2005, reflecting a 3.9-percent rise in output and a 1.1-percent decline in hours. In 2004, output per hour had increased 5.5 percent, as output grew 5.0 percent and hours declined 0.5 percent. Labor productivity increased 6.6 percent in durable goods manufacturing during 2005, as output grew 6.4 percent and hours declined 0.2 percent. In nondurable goods manufacturing, productivity rose 3.4 percent in 2005, as output rose 0.7 percent and hours fell 2.6 percent (tables B, 3, 4, and 5). Hourly compensation of manufacturing workers increased 7.0 percent in 2005, compared to a 2.3-percent increase one year earlier. Hourly compensation increased 6.6 percent in durable goods industries and 7.6 percent in nondurable goods industries in 2005. Real hourly compensation in the manufacturing sector rose 3.5 percent in 2005 and fell 0.4 percent in 2004. Unit labor costs rose 1.9 percent in manufacturing from 2004 to 2005. In durable manufacturing, annual average unit labor costs were unchanged from 2004 to 2005. Unit labor costs in nondurable manufacturing rose by 4.0 percent last year. REVISED MEASURES Productivity and cost data for the fourth quarter and full year 2005 for business, nonfarm business, and manufacturing were revised to incorporate the most recent information. Thirdquarter 2005 measures of hourly compensation, real hourly compensation, and unit labor costs were revised to reflect new information on compensation from the National Income and Product Accounts (table C). Quarterly measures of real hourly compensation during 2005 also reflect the recalculation of seasonal factors for the Consumer Price Index for All Urban Consumers. Quarterly and annual measures for all sectors were revised back to 2001 to incorporate the annual benchmark adjustment and updated information on seasonal trends from the BLS 6 nonfarm payroll series (appendix tables 1-5). In addition, hours and related measures for the business and nonfarm business sectors were revised historically in order to fully incorporate Current Population Survey data on hours by job based on the most recent population weights available for all series. Full quarterly and annual historical series are available on the BLS website, http://www.bls.gov/data/home.htm, or by contacting the BLS Division of Major Sector Productivity. Table C. Previous and revised productivity and related measures: Fourth-quarter, third-quarter, and annual averages 2005 (Seasonally adjusted annual rates) Sector Productivity Output Hours Hourly compensation Real hourly compensation Unit labor costs Percent change, third to fourth quarter 2005 Business: Previous ....................... Revised......................... Nonfarm business: Previous ....................... Revised......................... Manufacturing: Previous ....................... Revised......................... -0.2 0.0 1.0 1.8 1.2 1.7 3.2 3.1 0.0 -0.1 3.4 3.1 -0.6 -0.5 0.9 1.5 1.5 2.0 2.8 2.8 -0.4 -0.4 3.5 3.3 3.9 4.7 8.4 9.3 4.4 4.4 1.9 1.8 -1.3 -1.4 -1.9 -2.8 Percent change, second to third quarter 2005 Business: Previous ....................... Revised......................... Nonfarm business: Previous ....................... Revised......................... Manufacturing: Previous ....................... Revised......................... 5.2 4.9 4.8 4.8 -0.4 -0.1 4.6 6.0 -0.5 0.9 -0.6 1.1 4.5 4.2 4.7 4.7 0.1 0.4 4.1 5.5 -1.0 0.3 -0.5 1.2 3.7 3.7 2.6 2.6 -1.0 -1.0 3.7 5.6 -1.3 0.5 0.1 1.8 Percent change, 2004 - 2005 Business: Previous ....................... Revised......................... Nonfarm business: Previous ....................... Revised......................... Manufacturing: Previous ....................... Revised......................... 2.6 2.7 4.0 4.0 1.3 1.3 5.1 5.4 1.7 2.0 2.5 2.7 2.7 2.9 4.1 4.2 1.4 1.3 5.2 5.5 1.8 2.1 2.4 2.6 4.8 5.0 3.8 3.9 -0.9 -1.1 6.6 7.0 3.2 3.5 1.7 1.9 In fourth-quarter 2005, business sector productivity was unchanged, rather than declining 0.2 percent, as reported in the preliminary estimate February 2 (seasonally adjusted annual rates). 7 In the nonfarm business sector, productivity did fall, by 0.5 percent, slightly less than the 0.6 percent preliminary estimate. The upward revisions to business and nonfarm business productivity occurred as hours were revised up by less than output. Unit labor costs did not increase as much as in the preliminary estimate. In the manufacturing sector, productivity and output were revised up, while hours were unchanged from the preliminary estimate. The upward revision to productivity, combined with a small downward revision in hourly compensation, lead to a revision in the change in unit labor costs from a decline of 1.9 percent to a decrease of 2.8 percent. Measures of hourly compensation, real hourly compensation, and unit labor costs in all sectors were revised upwards substantially in the third quarter of 2005 after incorporation of revised compensation data. When annual averages for 2005 are compared to those for 2004, productivity increased 2.7 percent in the business sector and 2.9 percent in the nonfarm business sectors, a little higher than previously reported. Small upward revisions to hourly compensation in both of these sectors led to larger increases in unit labor costs than previously reported. Manufacturing productivity growth was revised up as output rose more, and hours declined faster, than in the preliminary estimate. Because hourly compensation was revised up more than productivity, unit labor costs increased more than previously reported. 8 Revised measures: Nonfinancial corporations Measures for the nonfinancial corporate sector also were revised due to updated information on hours worked by employees (appendix table 6). New information on output and compensation in the third quarter of 2005 also impacted measures for this sector (table 6). Productivity in nonfinancial corporations in third-quarter 2005 increased more than in the preliminary estimates, as an upward revision to output was partially offset by an upward revision to hours worked. Hourly compensation was revised up by more than productivity, and unit labor costs increased more than published Feb. 2. Unit profits were revised down, posting a larger decline than originally reported. Table D. Nonfinancial corporations: Previous and revised productivity and cost measures Quarterly percent changes at seasonally adjusted annual rates Productivity Output Previous Revised 3.2 4.1 4.1 5.1 Hours Hourly compensation Third quarter 2005 0.8 4.9 1.0 6.3 Real hourly compensation -0.2 1.1 Unit labor costs 1.6 2.1 Implicit Unit price profits deflator -7.9 -8.8 2.1 2.1 Next release date The next release of Productivity and Costs is scheduled for 8:30 A.M. EDT, Thursday, May 4, 2006, and will present preliminary first-quarter 2006 measures for business, nonfarm business, and manufacturing. Fourth-quarter 2005 and annual average data for 2005 for nonfinancial corporations will be released at that time. 9 TECHNICAL NOTES Labor Hours: Hours data for the labor productivity and cost measures include hours 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. The CES also provides average weekly paid hours of production and nonsupervisory workers in these establishments. Weekly paid hours are adjusted to hours at work using data from the National Compensation Survey (NCS). The BLS Hours at Work survey, conducted for this purpose, was used for earlier years. 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 for farm labor, nonfarm proprietors, and nonfarm unpaid family workers. Estimates of labor input 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. The CES measures jobs, counting a person who is employed by two or more establishments at each place of employment. In contrast, the CPS features measures of employment that count each person only once and classify each person according to his or her primary job; hours worked at all jobs by that person accrue to his or her primary job. However, the CPS also collects more detailed information on employment and hours worked at primary jobs and all other jobs, separately. The BLS productivity measures use the more detailed information on employment and hours to assign all hours worked to the correct industrial sector and avoid duplicating hours data from the CES. Output: Business sector output is an annual-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 inputs. Business output accounted for about 78 percent of the value of GDP in 2000. Nonfarm business, which also excludes farming, accounted for about 77 percent of GDP in 2000. 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 BEA. These deflators are based on data from the BLS producer price 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 index 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. Durables include the following 3-digit NAICS industries: wood product manufacturing; nonmetallic mineral product manufacturing; primary metal manufacturing; fabricated metal product manufacturing; machinery manufacturing; computer and electronic product manufacturing; electrical equipment and appliance manufacturing; transportation equipment manufacturing; furniture and related product manufacturing; and miscellaneous manufacturing. Nondurables include: food manufacturing; beverage and tobacco product manufacturing; textile mills; textile product mills; apparel manufacturing; leather and allied product manufacturing; paper manufacturing; printing and related support activities; petroleum and coal products manufacturing; chemical manufacturing; and plastics and rubber products manufacturing. Nonfinancial corporate output is an annual-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 54 percent of the value of GDP in 2000. Productivity: These productivity measures describe the relationship between real output and the labor time involved in its production. They show the changes from period to period in the amount of goods and services produced per hour. Although these measures relate output to hours at work of all persons engaged in a sector, they do not measure the specific contribution of labor, capital, or any other factor 10 of production. Rather, 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: 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 domestic employees 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: The measures of unit labor costs in this release describe the relationship between compensation per hour and 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 index number series where 1992=100, as percent changes from the corresponding quarter of the previous year, and as percent changes from the previous quarter presented at a compound annual rate. 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. These index numbers are available at the BLS web site, http://www.bls.gov/data/home.htm, or by contacting the BLS Division of Major Sector Productivity. (Telephone 202—691-5606 or email DPRWEB@BLS.GOV) Information in this release will be made available to sensory-impaired individuals upon request. Voice phone: 202-691-5606; Federal Relay Service number: 1-800-877-8339. 11 Table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted Real Year Output per Hours CompensacompensaUnit Unit nonImplicit and hour of of all tion per tion per labor labor pay- price quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4) --------------------------------------------------------------------------------------------------------Indexes 1992=100 2003 2004 2005 I II III IV r125.6 r127.9 r130.5 r130.5 144.6 146.4 149.8 150.8 r115.2 r114.4 r114.8 r115.5 r147.8 r150.3 r151.9 r152.8 r115.5 r117.4 r118.0 r118.4 r117.7 r117.5 r116.4 r117.1 r116.5 r117.2 r120.4 r120.5 117.2 117.4 117.9 118.3 ANNUAL r128.6 147.9 r115.0 r150.7 r117.3 r117.1 r118.7 117.7 I II III IV r131.7 r132.9 r133.4 r134.3 152.6 154.1 155.8 157.2 r115.9 r116.0 r116.8 r117.1 r154.4 r155.8 r158.3 r162.5 r118.5 r118.3 r119.7 r121.8 r117.2 r117.3 r118.6 r121.0 r123.2 r126.1 r124.3 r122.2 119.4 120.5 120.7 121.5 ANNUAL r133.1 154.9 r116.4 r157.8 r119.6 r118.5 r123.9 120.6 I II III IV r135.4 r135.8 r137.5 r137.5 158.9 160.4 162.3 r163.0 r117.3 r118.1 r118.1 r118.6 r164.5 r164.7 r167.1 r168.4 r122.5 r121.4 r121.7 r121.7 r121.4 r121.2 r121.6 r122.5 r123.7 r126.2 r128.3 r129.5 122.3 123.1 124.1 r125.1 ANNUAL r136.7 r161.2 r117.9 r166.4 r122.0 r121.7 r126.9 r123.6 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2003 2004 2005 I II III IV r3.7 r7.5 8.4 r0.0 1.7 4.9 9.9 2.6 r-1.9 r-2.5 1.3 r2.5 r5.8 r7.1 r4.3 r2.4 r1.5 r6.7 r2.1 r1.5 r2.0 r-0.4 r-3.8 r2.4 r1.5 r2.5 r11.2 r0.5 1.8 0.6 1.6 1.6 ANNUAL r4.1 3.4 r-0.7 r4.0 r1.7 r-0.1 r3.9 1.4 I II III IV r3.7 r3.7 r1.6 r2.7 4.9 4.0 4.4 3.6 r1.2 r0.3 r2.8 r0.9 4.2 r3.9 r6.4 r11.2 r0.2 r-0.5 r4.7 r7.4 r0.5 r0.2 r4.8 r8.3 r9.1 r9.8 r-5.5 r-6.5 3.7 3.8 0.7 2.4 ANNUAL r3.5 4.8 1.3 r4.7 r2.0 1.2 4.4 2.4 I II III IV r3.4 r1.1 r4.9 r0.0 4.4 4.0 4.8 r1.8 r0.9 r2.8 r-0.1 r1.7 r4.8 r0.5 r6.0 r3.1 r2.4 r-3.5 r0.9 r-0.1 r1.3 r-0.6 r1.1 r3.1 r5.1 r8.3 r6.7 r3.8 2.7 2.6 3.2 r3.4 ANNUAL r2.7 4.0 1.3 r5.4 r2.0 r2.7 r2.4 2.6 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2003 2004 2005 I II III IV r2.5 r3.9 r4.9 r4.9 2.0 2.6 4.2 4.7 r-0.6 r-1.2 r-0.7 r-0.2 r3.1 r3.7 4.3 r4.9 r0.2 r1.5 r2.1 2.9 r0.5 -0.2 r-0.6 r0.0 r2.9 r4.0 r4.8 r3.8 1.4 1.3 1.4 1.4 ANNUAL r4.1 3.4 r-0.7 r4.0 r1.7 r-0.1 r3.9 1.4 I II III IV 4.9 r3.9 r2.2 r2.9 5.5 5.3 4.0 4.2 0.6 1.4 r1.7 r1.3 4.5 r3.7 r4.2 r6.4 2.6 0.8 r1.5 r2.9 -0.4 -0.2 1.9 3.4 5.7 r7.5 3.3 r1.4 1.9 2.7 2.4 2.6 ANNUAL r3.5 4.8 1.3 r4.7 r2.0 1.2 4.4 2.4 I II III IV r2.8 r2.2 3.0 r2.4 4.1 4.1 4.2 r3.7 r1.2 r1.9 1.1 1.3 r6.5 r5.7 r5.6 r3.6 r3.4 r2.7 r1.7 r-0.1 3.6 3.4 r2.5 r1.2 0.5 0.1 r3.2 r6.0 2.4 2.1 2.7 r3.0 ANNUAL r2.7 4.0 1.3 r5.4 r2.0 r2.7 r2.4 2.6 --------------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 12 Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted Real Year Output per Hours CompensacompensaUnit Unit nonImplicit and hour of of all tion per tion per labor labor pay- price quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4) --------------------------------------------------------------------------------------------------------Indexes 1992=100 2003 2004 2005 I II III IV r125.0 r126.9 r129.9 r130.1 144.8 146.5 150.2 151.2 r115.9 r115.4 r115.6 r116.3 r147.0 r149.2 r151.1 r152.1 r114.9 r116.5 r117.3 r117.9 r117.6 r117.6 r116.3 r117.0 r118.3 r118.7 r121.7 r121.3 117.9 118.0 118.3 118.6 ANNUAL r128.0 148.2 r115.8 r149.9 r116.6 r117.1 r120.0 118.2 I II III IV r130.8 r132.3 r132.8 r133.5 152.8 154.5 156.3 157.7 r116.8 r116.8 r117.6 r118.2 r153.4 r154.9 r157.3 r161.1 r117.7 r117.6 r118.9 r120.7 r117.3 r117.1 r118.4 r120.7 r123.6 r126.4 r125.4 r123.6 119.6 120.6 121.0 121.8 ANNUAL r132.4 155.3 r117.3 r156.7 r118.8 r118.4 r124.8 120.7 I II III IV r134.7 r135.5 r136.9 r136.7 159.4 161.2 163.0 r163.6 r118.3 r118.9 r119.1 r119.6 r163.3 r163.8 r166.0 r167.2 r121.7 r120.9 r121.0 r120.8 r121.2 r120.9 r121.3 r122.3 r125.1 r127.9 r130.1 r131.3 122.7 123.5 124.5 r125.6 ANNUAL r136.1 r161.8 r118.9 r165.3 r121.2 r121.4 r128.6 r124.1 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2003 2004 2005 I II III IV r3.8 r6.3 r9.8 r0.5 2.0 4.7 10.4 2.8 r-1.7 r-1.5 r0.6 r2.2 r5.9 6.2 r5.0 r2.8 r1.6 5.8 r2.8 r1.9 r2.0 r-0.1 r-4.3 r2.2 r1.8 r1.4 r10.6 r-1.5 1.9 0.4 1.0 0.8 ANNUAL r3.9 3.3 r-0.6 4.0 1.6 r0.0 r3.4 1.3 I II III IV r2.4 4.5 r1.7 r2.0 4.2 4.6 4.6 3.9 r1.7 0.1 r2.9 r1.9 r3.4 r4.0 r6.2 r10.0 -0.5 r-0.4 r4.5 r6.2 r1.0 r-0.5 r4.5 r7.9 r7.9 r9.5 r-3.2 r-5.7 3.6 3.2 1.5 2.6 ANNUAL 3.4 4.8 r1.3 r4.6 1.8 1.1 3.9 2.1 I II III IV r3.8 r2.4 r4.2 r-0.5 4.3 4.4 4.7 r1.5 r0.5 r2.0 r0.4 r2.0 r5.6 r1.3 r5.5 2.8 r3.2 r-2.7 r0.3 -0.4 r1.8 r-1.0 r1.2 r3.3 r5.1 r9.0 r7.3 r3.6 3.0 2.7 3.5 r3.4 ANNUAL r2.9 r4.2 r1.3 r5.5 r2.1 r2.6 r3.1 2.8 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2003 2004 2005 I II III IV r2.2 3.5 r4.9 5.0 1.7 2.5 4.2 4.9 r-0.5 r-1.0 r-0.7 r-0.1 r3.1 3.5 r4.3 5.0 0.1 1.3 2.1 3.0 r0.9 r0.0 r-0.6 r-0.1 r2.8 r3.4 r4.3 r3.0 1.6 1.2 1.2 1.0 ANNUAL r3.9 3.3 r-0.6 4.0 1.6 r0.0 r3.4 1.3 I II III IV 4.7 4.2 r2.3 2.6 5.5 5.5 4.0 4.3 r0.8 1.2 r1.7 1.7 r4.3 r3.8 r4.1 r5.9 2.5 0.9 r1.4 2.4 -0.3 -0.4 1.8 3.2 4.5 6.5 3.0 1.9 1.5 2.1 2.3 2.7 ANNUAL 3.4 4.8 r1.3 r4.6 1.8 1.1 3.9 2.1 I II III IV r3.0 r2.4 3.1 r2.5 4.4 4.3 4.3 r3.7 r1.4 r1.8 1.2 1.2 r6.4 r5.8 r5.6 r3.8 r3.4 r2.7 r1.7 r0.1 3.4 r3.2 r2.4 r1.3 1.2 1.1 r3.8 r6.2 2.6 2.4 2.9 3.1 ANNUAL r2.9 r4.2 r1.3 r5.5 r2.1 r2.6 r3.1 2.8 --------------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 13 Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs, seasonally adjusted Real Year Output per Hours CompensacompensaUnit and hour of of all tion per tion per labor quarter all persons Output persons hour (1) hour (2) costs -------------------------------------------------------------------------------------------------Indexes 1992=100 2003 2004 2005 I II III IV r151.1 r152.6 r156.5 r157.6 131.3 130.5 131.8 133.8 r86.9 r85.5 r84.2 r84.9 r156.6 r159.1 r161.5 r163.2 r122.4 r124.2 r125.4 r126.4 r103.7 r104.3 r103.2 103.6 ANNUAL r154.4 131.8 r85.4 r160.1 r124.6 r103.7 I II III IV r159.0 r162.2 r164.0 r166.7 135.7 137.9 139.3 140.8 r85.4 r85.0 r84.9 r84.4 r159.2 r161.2 r165.0 r169.9 r122.1 r122.4 r124.8 r127.3 r100.1 r99.4 r100.6 r101.9 ANNUAL r163.0 138.4 r84.9 r163.8 r124.1 r100.5 I II III IV r168.7 r170.3 r171.8 r173.8 142.2 142.7 143.6 r146.8 r84.3 r83.8 r83.6 r84.5 r172.8 r174.3 r176.7 r177.5 r128.7 r128.6 r128.7 r128.3 r102.4 r102.4 r102.8 r102.1 ANNUAL r171.2 r143.8 r84.0 r175.3 r128.5 r102.4 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2003 2004 2005 I II III IV r7.1 r4.1 r10.6 r2.8 0.3 -2.5 3.9 6.4 r-6.4 r-6.3 r-6.0 r3.5 r18.1 r6.7 r6.1 r4.2 r13.3 r6.3 r3.9 r3.2 10.2 2.5 -4.0 1.3 ANNUAL 5.6 0.5 -4.9 8.3 r5.9 2.5 I II III IV r3.6 8.3 r4.6 r6.7 5.9 6.6 4.1 4.3 r2.2 -1.6 r-0.4 r-2.3 r-9.6 5.1 r10.0 r12.3 r-13.0 0.7 r8.2 r8.5 -12.7 -3.0 5.1 5.2 ANNUAL r5.5 5.0 r-0.5 r2.3 r-0.4 -3.1 I II III IV r4.8 r3.9 3.7 r4.7 4.2 1.2 2.6 r9.3 r-0.5 r-2.5 -1.0 4.4 r6.9 r3.6 r5.6 r1.8 r4.5 r-0.5 r0.5 r-1.4 r2.0 -0.2 r1.8 r-2.8 ANNUAL r5.0 r3.9 r-1.1 r7.0 r3.5 r1.9 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2003 2004 2005 I II III IV r5.4 4.9 6.1 6.1 0.9 -0.8 -0.2 2.0 r-4.3 -5.4 -6.0 -3.9 r8.3 7.8 8.4 r8.6 r5.3 5.5 6.0 6.6 2.7 2.8 2.1 2.4 ANNUAL 5.6 0.5 -4.9 8.3 r5.9 2.5 I II III IV 5.2 r6.3 r4.8 r5.8 3.4 5.7 5.7 5.2 -1.8 r-0.6 0.9 r-0.6 1.6 r1.3 r2.2 r4.1 -0.2 r-1.5 r-0.5 r0.7 -3.4 -4.7 -2.5 -1.6 ANNUAL r5.5 5.0 r-0.5 r2.3 r-0.4 -3.1 I II III IV r6.1 r5.0 r4.8 r4.3 4.8 3.4 3.1 r4.3 r-1.2 r-1.5 r-1.6 0.0 r8.6 r8.2 r7.1 r4.5 r5.4 r5.1 r3.2 r0.7 2.3 3.0 r2.2 r0.2 ANNUAL r5.0 r3.9 r-1.1 r7.0 r3.5 r1.9 -------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 14 Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs, seasonally adjusted Real Year Output per Hours CompensacompensaUnit and hour of of all tion per tion per labor quarter all persons Output persons hour (1) hour (2) costs -------------------------------------------------------------------------------------------------Indexes 1992=100 2003 2004 2005 I II III IV r173.8 r175.9 182.4 r184.0 156.6 155.9 158.9 162.6 r90.1 r88.6 87.1 r88.3 r155.0 r157.6 160.1 r161.9 r121.1 r123.0 124.3 r125.5 r89.2 r89.6 87.8 88.0 ANNUAL r179.0 158.5 r88.5 r158.6 r123.4 r88.6 I II III IV r185.9 r189.7 r192.1 r195.9 165.9 168.7 171.6 174.1 r89.2 r89.0 r89.3 r88.9 r155.6 r158.1 r162.0 r166.2 r119.4 r120.0 r122.5 r124.6 r83.7 83.4 r84.3 r84.8 ANNUAL r190.9 170.1 r89.1 r160.5 r121.6 84.1 I II III IV r199.1 r201.1 r204.3 r209.3 177.0 178.1 181.2 r187.7 r88.9 r88.6 r88.7 r89.7 r169.0 r169.9 r172.3 r173.1 r125.9 r125.3 r125.5 r125.1 84.9 r84.5 r84.4 r82.7 ANNUAL r203.5 r181.0 r89.0 r171.1 r125.4 r84.1 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2003 2004 2005 I II III IV r7.8 r5.0 r15.4 3.7 0.7 -1.8 8.0 9.5 r-6.6 r-6.5 r-6.5 5.6 r22.4 r6.9 r6.4 r4.8 r17.5 r6.5 r4.2 3.8 13.6 1.8 -7.8 1.0 ANNUAL 7.9 2.2 -5.3 r9.4 6.9 1.4 I II III IV r4.1 r8.4 r5.3 r8.2 8.5 7.0 6.9 6.1 r4.2 r-1.2 r1.5 r-1.9 r-14.8 r6.6 r10.1 r10.9 r-18.0 r2.1 r8.3 r7.0 -18.1 -1.6 4.6 2.5 ANNUAL r6.7 7.3 0.6 r1.2 -1.5 -5.2 I II III IV r6.7 r4.0 r6.5 r10.2 6.8 2.6 7.0 r15.3 r0.1 r-1.4 r0.4 r4.6 r6.9 r2.3 r5.8 r1.8 r4.4 r-1.8 r0.6 r-1.4 0.2 r-1.7 r-0.7 r-7.7 ANNUAL 6.6 r6.4 -0.2 r6.6 r3.2 r0.0 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2003 2004 2005 I II III IV r7.9 7.0 8.8 7.9 2.7 0.5 1.5 4.0 r-4.8 -6.1 -6.7 -3.6 r9.2 8.7 9.6 9.9 r6.1 6.4 7.3 r7.9 1.3 1.6 0.7 1.9 ANNUAL 7.9 2.2 -5.3 r9.4 6.9 1.4 I II III IV 7.0 7.8 5.4 r6.5 5.9 8.2 8.0 7.1 -1.0 0.4 r2.5 r0.6 0.4 0.3 r1.2 r2.6 -1.4 r-2.4 r-1.5 r-0.7 -6.1 -6.9 -3.9 -3.6 ANNUAL r6.7 7.3 0.6 r1.2 -1.5 -5.2 I II III IV r7.1 r6.0 r6.3 r6.8 6.7 5.6 5.6 r7.8 r-0.4 r-0.4 -0.7 r0.9 r8.6 7.5 r6.4 r4.2 5.5 r4.4 r2.5 r0.4 1.4 1.4 r0.1 r-2.5 ANNUAL 6.6 r6.4 -0.2 r6.6 r3.2 r0.0 -------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 15 Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs, seasonally adjusted Real Year Output per Hours CompensacompensaUnit and hour of of all tion per tion per labor quarter all persons Output persons hour (1) hour (2) costs -------------------------------------------------------------------------------------------------Indexes 1992=100 2003 2004 2005 I II III IV r128.9 r129.8 r131.3 r132.1 105.8 104.9 104.7 105.4 r82.1 r80.9 r79.8 r79.8 r158.1 r160.5 r162.8 r163.8 r123.5 r125.3 r126.4 r126.9 122.7 r123.7 r124.0 r124.0 ANNUAL r130.5 105.2 r80.6 r161.3 r125.5 r123.6 I II III IV r133.3 r136.1 r137.6 r139.3 106.1 107.7 107.8 108.4 r79.6 r79.1 r78.4 r77.8 r164.1 r165.1 r168.7 r174.7 r125.9 r125.3 r127.5 r131.0 r123.1 r121.3 r122.6 r125.5 ANNUAL r136.6 107.5 r78.7 r168.1 r127.4 r123.1 I II III IV r140.2 r141.7 r141.9 r141.2 108.6 108.5 107.7 r108.3 r77.5 r76.6 r75.9 r76.7 r177.7 r180.3 r182.5 r183.3 r132.4 r133.0 r132.9 r132.5 r126.7 r127.3 r128.6 r129.8 ANNUAL r141.2 r108.3 r76.7 r180.9 r132.7 r128.1 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2003 2004 2005 I II III IV 6.2 2.9 r4.7 r2.5 -0.2 -3.2 -0.8 2.6 -6.0 r-6.0 r-5.3 r0.1 10.3 r6.4 r5.7 r2.5 5.9 5.9 r3.5 r1.6 3.9 3.3 1.0 r-0.1 ANNUAL 2.9 -1.5 -4.2 6.4 4.0 3.4 I II III IV r3.7 r8.5 r4.5 r5.0 2.6 6.0 0.7 2.0 r-1.1 r-2.3 r-3.6 r-2.8 r0.8 r2.4 r9.1 r15.1 r-3.0 r-1.9 r7.3 r11.1 -2.8 -5.7 4.4 9.6 ANNUAL r4.6 2.2 r-2.4 r4.2 r1.5 -0.4 I II III IV r2.7 r4.2 r0.7 r-2.0 0.9 -0.4 -2.8 r2.0 r-1.7 r-4.4 r-3.5 r4.0 r6.9 r6.0 r5.0 r1.8 r4.5 r1.8 r-0.1 r-1.4 r4.1 1.7 r4.2 r3.9 ANNUAL r3.4 0.7 r-2.6 r7.6 r4.1 4.0 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2003 2004 2005 I II III IV 2.6 2.1 2.7 r4.1 -0.9 -2.3 -2.2 -0.4 r-3.5 -4.3 -4.8 r-4.3 6.7 6.4 6.2 r6.2 3.7 4.1 3.9 r4.2 4.0 4.2 3.4 2.0 ANNUAL 2.9 -1.5 -4.2 6.4 4.0 3.4 I II III IV 3.5 r4.9 r4.8 r5.4 0.3 2.6 3.0 2.8 -3.1 r-2.2 r-1.7 r-2.5 3.8 r2.8 r3.6 r6.7 r1.9 r0.0 r0.9 r3.2 0.3 -1.9 -1.1 1.2 ANNUAL r4.6 2.2 r-2.4 r4.2 r1.5 -0.4 I II III IV r5.2 r4.1 r3.1 r1.4 2.4 0.8 -0.1 -0.1 r-2.6 r-3.2 r-3.1 r-1.5 r8.3 r9.2 r8.2 r4.9 r5.1 r6.1 r4.2 r1.2 r3.0 4.9 r4.9 r3.5 ANNUAL r3.4 0.7 r-2.6 r7.6 r4.1 4.0 -------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 16 Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits, and prices, seasonally adjusted Output Hourly Real Unit Total Unit Implicit Year per allcompenhourly Unit nonunit proprice and employee Employee sation compenlabor labor costs fits deflator quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4) ---------------------------------------------------------------------------------------------------------Indexes 1992=100 2003 2004 I II III IV r130.5 r132.9 r135.2 r136.1 152.4 154.5 157.1 158.9 r116.7 r116.2 r116.2 r116.8 r144.6 r147.1 r148.9 r149.8 r113.0 r114.8 r115.6 r116.1 110.8 110.7 110.1 110.1 111.4 110.4 110.8 110.7 111.0 110.6 110.3 110.2 107.7 113.6 119.8 124.6 110.7 110.9 111.1 111.5 ANNUAL r133.7 155.7 r116.5 r147.6 r114.9 110.4 110.8 110.5 116.5 111.0 I II III IV r136.4 r137.3 r139.8 r142.7 160.3 161.7 165.4 169.4 r117.6 r117.7 r118.3 r118.7 r150.3 r151.8 r154.2 r158.0 r115.4 r115.3 r116.6 r118.4 110.2 110.6 110.2 110.7 111.2 111.2 110.0 108.5 110.5 110.7 110.2 110.1 130.0 138.3 139.4 142.7 112.2 113.2 112.8 113.1 ANNUAL r139.1 164.2 r118.1 r153.6 r116.4 110.4 110.2 110.4 137.7 112.8 2005 I r143.7 170.8 r118.9 r160.3 r119.5 111.6 107.9 110.6 145.2 113.7 II r145.3 173.8 r119.6 r160.8 r118.6 110.6 107.0 109.7 159.1 114.1 III r146.8 r175.9 r119.9 r163.2 r118.9 r111.2 r109.2 r110.7 r155.5 114.7 ---------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2003 2004 I II III IV r1.4 7.4 r7.3 2.5 -1.6 5.6 7.1 4.7 r-2.9 -1.7 r-0.2 2.1 r4.1 6.9 r5.1 2.4 r-0.1 r6.5 2.9 1.5 2.6 -0.5 -2.1 -0.1 6.5 -3.2 1.2 -0.4 3.7 -1.2 -1.2 -0.2 -11.8 23.6 23.7 17.0 2.2 0.8 0.9 1.4 ANNUAL r4.3 2.8 -1.4 r4.0 1.6 -0.3 0.0 -0.2 18.9 1.3 I II III IV r0.8 r2.9 r7.4 r8.5 3.6 3.5 9.6 10.1 r2.7 r0.6 r2.0 r1.5 r1.4 r4.1 r6.2 r10.4 r-2.4 r-0.3 r4.5 r6.6 0.6 1.2 -1.1 1.8 2.0 0.2 -4.4 -5.3 0.9 0.9 -2.0 -0.1 18.4 28.0 3.3 9.8 2.6 3.5 -1.4 0.9 ANNUAL 4.0 5.5 1.4 r4.1 1.3 0.0 -0.5 -0.1 18.1 1.6 2005 I 2.8 3.3 r0.4 r6.0 r3.6 3.1 -2.5 1.6 7.1 2.2 II r4.6 7.1 r2.4 r1.1 r-3.0 -3.4 -3.1 -3.3 44.3 1.4 III r4.1 r5.1 r1.0 r6.3 r1.1 r2.1 r8.2 r3.7 r-8.8 2.1 ---------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2003 2004 2005 I II III IV 3.6 3.9 4.8 4.6 2.1 2.1 3.2 3.9 -1.5 -1.8 -1.5 -0.7 3.2 r3.7 4.3 4.6 0.3 1.4 2.1 r2.7 -0.4 -0.3 -0.5 0.0 -1.5 -0.2 0.7 0.9 -0.7 -0.3 -0.2 0.2 25.5 20.2 19.5 12.1 1.2 1.3 1.4 1.3 ANNUAL r4.3 2.8 -1.4 r4.0 1.6 -0.3 0.0 -0.2 18.9 1.3 I II III IV 4.5 r3.4 r3.4 4.8 5.2 4.7 5.3 6.6 0.7 1.3 r1.8 1.7 r3.9 r3.3 3.5 5.5 2.1 r0.4 r0.8 2.0 -0.5 -0.1 0.1 0.6 -0.1 0.7 -0.7 -1.9 -0.4 0.1 -0.1 -0.1 20.7 21.7 16.3 14.5 1.4 2.1 1.5 1.4 ANNUAL 4.0 5.5 1.4 r4.1 1.3 0.0 -0.5 -0.1 18.1 1.6 I r5.4 6.5 r1.1 r6.7 r3.6 1.2 -3.0 0.1 11.7 1.3 II 5.8 7.5 1.6 5.9 r2.9 0.1 -3.8 -1.0 15.1 0.8 III r5.0 r6.4 1.3 r5.9 r2.0 r0.9 r-0.8 0.4 r11.5 1.7 ---------------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 17 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. Compensation and hours 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 –1.4 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 third quarter of 2005. Footnotes, Tables 1-6 (1) Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Except for nonfinancial corporations, where there are no selfemployed, 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 1978-2004 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 from the original data rather than index numbers. Annual changes: Percent change between annual average levels. (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. 18 Appendix table 1. Business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted Real Year Output per Hours CompensacompensaUnit Unit nonImplicit and hour of of all tion per tion per labor labor pay- price quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4) --------------------------------------------------------------------------------------------------------Indexes 1992=100 2000 2001 2002 I II III IV r114.0 r116.2 r115.9 r117.2 138.6 141.1 140.8 141.5 r121.5 r121.4 r121.5 r120.8 r132.4 r133.0 r135.5 r136.4 r111.4 r111.0 r112.1 r112.1 r116.1 r114.4 r116.9 r116.4 r105.3 r109.5 r106.3 r108.1 112.1 112.6 112.9 113.3 ANNUAL r115.9 140.5 r121.2 r134.4 r111.8 r116.0 r107.3 112.7 I II III IV r117.0 r118.5 r119.0 r120.8 141.1 141.4 140.3 141.0 r120.6 r119.3 r117.9 r116.6 r138.7 r139.7 r140.4 r141.4 r112.9 r112.8 r113.2 r114.1 r118.6 r117.8 r118.0 r117.0 r106.5 r110.0 r110.5 r113.1 114.1 114.9 115.2 115.6 ANNUAL r118.8 141.0 r118.6 r140.0 r113.3 r117.8 r110.0 114.9 I II III IV r122.5 r123.1 r124.4 r124.5 141.9 142.6 143.8 144.0 r115.8 r115.9 r115.6 r115.7 r143.3 r145.0 r145.6 r145.7 r115.3 r115.7 r115.6 r115.0 r117.0 r117.8 r117.0 r117.1 r113.2 r112.7 r114.8 r116.1 115.6 115.9 116.2 116.7 ANNUAL r123.6 143.1 r115.7 r144.9 r115.4 r117.2 r114.2 116.1 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2000 2001 2002 I II III IV r-1.6 7.9 -1.0 r4.3 0.3 7.5 -0.8 2.0 r1.9 -0.4 r0.3 -2.2 r14.4 1.8 r7.9 2.8 r10.2 r-1.4 4.0 -0.1 16.2 r-5.7 r9.0 -1.5 r-16.1 r16.9 r-11.2 6.8 3.4 1.8 1.3 1.4 ANNUAL 2.8 3.9 1.1 7.0 3.5 4.0 -1.9 1.8 I II III IV r-0.7 r5.4 r1.6 r6.3 -1.1 0.8 -3.1 1.8 r-0.5 -4.4 r-4.6 r-4.3 r6.8 r2.8 r2.1 2.8 r2.9 r-0.3 r1.3 3.4 r7.5 r-2.5 r0.5 r-3.3 r-5.7 r13.8 1.8 r10.0 2.7 3.0 1.0 1.3 ANNUAL 2.5 0.3 r-2.1 4.2 r1.3 1.6 2.6 2.0 I II III IV r5.6 r1.9 r4.5 r0.0 2.6 2.1 3.6 0.5 r-2.8 r0.2 r-0.9 r0.4 r5.7 r4.7 r1.8 r0.2 4.1 r1.4 r-0.3 -1.9 r0.1 r2.7 -2.6 r0.1 r0.3 r-1.9 r7.8 r4.5 0.2 1.0 1.0 1.7 ANNUAL 4.0 1.5 -2.4 r3.5 r1.9 -0.5 3.8 1.0 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2000 2001 2002 I II III IV 2.0 3.8 2.9 2.3 4.5 5.4 3.8 2.2 2.4 1.5 r0.8 -0.1 r6.6 6.7 r7.9 r6.6 3.2 3.3 r4.3 r3.1 4.4 2.8 4.8 4.1 -3.2 r0.4 -3.1 r-1.8 1.6 1.9 1.9 2.0 ANNUAL 2.8 3.9 1.1 7.0 3.5 4.0 -1.9 1.8 I II III IV 2.6 r2.0 2.7 r3.1 1.8 0.2 -0.4 -0.4 r-0.7 r-1.7 -2.9 r-3.4 4.8 r5.0 3.6 3.6 1.3 1.6 0.9 1.8 2.1 3.0 0.9 r0.5 r1.1 r0.4 3.9 r4.7 1.8 2.1 2.0 2.0 ANNUAL 2.5 0.3 r-2.1 4.2 r1.3 1.6 2.6 2.0 I II III IV 4.7 r3.8 4.6 3.0 0.5 0.8 2.5 2.2 -4.0 r-2.9 -2.0 -0.8 3.3 r3.8 3.7 3.0 2.1 r2.5 2.1 0.8 -1.3 0.0 -0.8 0.1 6.3 2.5 r3.9 2.6 1.3 0.9 0.9 1.0 ANNUAL 4.0 1.5 -2.4 r3.5 r1.9 -0.5 3.8 1.0 --------------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 19 Appendix table 2. Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted Real Year Output per Hours CompensacompensaUnit Unit nonImplicit and hour of of all tion per tion per labor labor pay- price quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4) --------------------------------------------------------------------------------------------------------Indexes 1992=100 2000 2001 2002 I II III IV r113.8 r115.8 r115.5 r116.6 138.8 141.4 141.1 141.8 r122.1 r122.1 r122.1 r121.6 r132.1 r132.4 r135.0 r135.7 r111.1 r110.6 r111.7 r111.5 r116.1 r114.4 r116.9 r116.4 r106.7 r111.0 r107.8 r109.6 112.6 113.1 113.5 113.9 ANNUAL r115.5 140.8 r121.9 r133.9 r111.3 r115.9 r108.8 113.3 I II III IV r116.4 r118.0 r118.5 r120.3 141.4 141.9 140.8 141.2 r121.5 r120.2 r118.8 r117.4 r138.0 r138.8 r139.5 r140.6 r112.3 r112.1 r112.4 r113.4 r118.5 r117.6 r117.7 r116.8 r108.0 r111.7 r112.1 r114.7 114.6 115.4 115.6 116.0 ANNUAL r118.3 141.3 r119.5 r139.2 r112.6 r117.6 r111.6 115.4 I II III IV r122.3 r122.6 r123.8 r123.8 142.5 143.0 144.1 144.1 r116.5 r116.6 r116.4 r116.4 r142.7 r144.2 r144.8 r144.9 r114.7 r115.0 r114.9 r114.4 r116.6 r117.6 r117.0 r117.1 r115.0 r114.8 r116.7 r117.8 116.0 116.6 116.9 117.3 ANNUAL r123.1 143.4 r116.5 r144.2 r114.8 r117.1 r116.1 116.7 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2000 2001 2002 I II III IV r-1.8 r7.4 r-1.0 r3.9 -0.1 7.5 -0.8 2.2 r1.7 r0.1 r0.1 r-1.6 r14.8 1.1 8.0 2.3 r10.5 -2.0 4.1 -0.6 16.9 r-5.9 r9.1 -1.6 -17.2 r17.3 r-11.1 6.9 3.3 1.8 1.4 1.3 ANNUAL r2.8 3.8 1.1 r7.1 3.6 4.2 -2.0 1.9 I II III IV r-0.6 5.6 r1.7 r6.2 -1.1 1.2 -2.9 1.2 r-0.6 r-4.1 r-4.5 r-4.7 r6.7 r2.3 r2.1 r3.1 2.8 r-0.8 r1.3 r3.7 r7.3 r-3.1 0.4 r-2.9 r-5.7 r14.4 1.3 r9.8 2.5 2.7 0.7 1.5 ANNUAL r2.4 0.4 -2.0 r3.9 1.1 1.4 r2.6 1.9 I II III IV r6.8 r0.9 r4.0 r0.1 3.5 1.4 3.1 0.1 r-3.1 r0.5 r-0.8 r0.1 6.1 r4.4 r1.7 r0.3 r4.6 r1.1 r-0.4 r-1.7 r-0.7 r3.5 -2.2 r0.3 r1.1 r-0.7 r6.6 r3.8 0.0 2.0 0.9 1.6 ANNUAL r4.1 1.5 -2.5 r3.6 r2.0 -0.5 4.0 1.1 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2000 2001 2002 I II III IV r2.1 r3.8 2.8 2.0 4.4 5.3 3.6 2.1 r2.2 1.5 0.8 0.1 r6.9 6.8 r8.0 r6.4 3.5 3.4 r4.4 r2.9 4.7 2.9 5.0 r4.3 -2.9 0.3 -3.2 -2.0 1.9 2.0 2.0 2.0 ANNUAL r2.8 3.8 1.1 r7.1 3.6 4.2 -2.0 1.9 I II III IV 2.4 r1.9 2.6 3.2 1.9 0.4 -0.2 -0.4 -0.5 r-1.6 -2.7 r-3.5 4.5 r4.8 3.3 r3.5 1.0 r1.3 0.6 1.7 2.0 2.8 0.7 0.3 1.3 r0.6 r4.0 4.7 1.8 2.0 1.8 1.9 ANNUAL r2.4 0.4 -2.0 r3.9 1.1 1.4 r2.6 1.9 I II III IV r5.1 r3.9 4.4 2.9 0.7 0.8 2.3 2.0 -4.1 r-3.0 -2.0 -0.8 3.4 r3.9 3.8 3.1 2.2 r2.7 2.2 0.9 r-1.6 r0.1 -0.6 0.2 r6.5 2.8 4.1 r2.7 1.2 1.0 1.1 1.1 ANNUAL r4.1 1.5 -2.5 r3.6 r2.0 -0.5 4.0 1.1 --------------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 20 Appendix table 3. Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs, seasonally adjusted Real Year Output per Hours CompensacompensaUnit and hour of of all tion per tion per labor quarter all persons Output persons hour (1) hour (2) costs -------------------------------------------------------------------------------------------------Indexes 1992=100 2000 2001 2002 I II III IV 133.1 134.3 134.1 135.4 138.6 139.9 139.2 138.1 104.1 104.1 103.8 102.0 133.2 132.5 135.9 136.7 112.1 110.7 112.4 112.3 100.1 98.7 101.3 101.0 ANNUAL 134.4 138.9 103.4 134.7 112.0 100.3 I II III IV r135.2 r136.3 r137.0 r140.0 135.5 133.6 131.3 129.5 r100.3 r98.0 r95.8 r92.5 r138.1 r137.4 r137.0 r139.0 r112.4 r110.9 r110.4 r112.2 r102.1 100.8 100.0 99.3 ANNUAL r137.1 132.5 r96.6 r137.9 r111.5 100.6 I II III IV r143.3 r145.5 r147.4 148.5 130.1 131.6 132.0 131.2 r90.8 r90.4 r89.5 88.4 r144.6 r147.6 r149.1 150.2 r116.3 r117.7 r118.3 118.6 r100.9 101.4 r101.1 101.2 ANNUAL r146.2 131.2 r89.8 r147.8 r117.7 101.1 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2000 2001 2002 I II III IV 6.5 3.8 -0.6 4.0 4.5 3.8 -2.0 -3.0 -1.9 0.0 -1.4 -6.7 21.8 -2.1 10.6 2.4 17.3 -5.1 6.6 -0.4 14.3 -5.6 11.3 -1.5 ANNUAL 4.8 3.1 -1.6 9.2 5.6 4.2 I II III IV r-0.7 r3.4 2.0 9.2 -7.2 -5.7 -6.8 -5.3 r-6.6 r-8.7 -8.6 -13.3 r4.1 r-2.1 r-1.0 5.9 r0.2 r-5.1 r-1.8 6.5 4.8 -5.3 -2.9 -3.0 ANNUAL 2.0 -4.7 -6.5 2.3 -0.5 0.3 I II III IV r9.7 r6.4 r5.4 r2.9 2.1 4.6 1.3 -2.4 r-6.9 r-1.7 r-3.9 r-5.2 r17.1 r8.6 r4.1 r3.1 r15.4 r5.1 r2.0 r1.0 6.7 2.1 -1.2 0.2 ANNUAL 6.6 -0.9 -7.1 7.3 5.6 0.6 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2000 2001 2002 I II III IV 4.8 5.3 5.1 3.4 4.0 4.3 3.3 0.8 -0.8 -0.9 -1.7 -2.5 9.8 8.5 10.0 7.8 6.4 5.1 6.4 4.2 4.8 3.1 4.7 4.3 ANNUAL 4.8 3.1 -1.6 9.2 5.6 4.2 I II III IV 1.6 1.5 2.1 3.4 -2.2 -4.5 -5.7 -6.3 -3.7 -5.9 r-7.7 -9.3 3.7 3.6 0.8 1.7 r0.2 0.2 -1.8 -0.1 2.0 2.1 -1.3 -1.7 ANNUAL 2.0 -4.7 -6.5 2.3 -0.5 0.3 I II III IV 6.0 6.8 7.6 r6.0 -4.0 -1.5 0.6 1.3 -9.4 r-7.7 -6.6 r-4.4 4.7 7.5 8.8 8.1 3.5 r6.1 7.1 5.7 -1.2 0.7 1.1 1.9 ANNUAL 6.6 -0.9 -7.1 7.3 5.6 0.6 -------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 21 Appendix table 4. Durable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs seasonally adjusted Real Year Output per Hours CompensacompensaUnit and hour of of all tion per tion per labor quarter all persons Output persons hour (1) hour (2) costs -------------------------------------------------------------------------------------------------Indexes 1992=100 2000 2001 2002 I II III IV 150.0 151.3 151.3 151.9 165.3 167.5 166.8 165.0 110.2 110.7 110.2 108.6 133.4 131.9 135.7 135.4 112.3 110.1 112.3 111.3 88.9 87.1 89.7 89.2 ANNUAL 151.3 166.2 109.8 134.2 111.6 88.7 I II III IV r151.3 r152.5 r153.5 r156.4 161.2 158.3 154.5 151.1 r106.6 r103.9 r100.7 r96.6 r136.3 r135.8 r135.5 r137.9 r110.9 r109.7 r109.2 r111.3 r90.1 r89.1 r88.3 88.2 ANNUAL r153.3 156.3 r101.9 r136.4 r110.3 88.9 I II III IV r161.1 r164.4 r167.6 r170.6 152.5 155.2 156.5 156.3 r94.7 r94.4 r93.4 r91.7 r141.9 r145.0 r146.0 r147.3 r114.1 r115.6 r115.9 r116.3 r88.1 88.2 87.1 86.4 ANNUAL r165.9 155.1 r93.5 r145.0 r115.5 r87.4 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2000 2001 2002 I II III IV 10.9 3.5 0.0 1.5 9.0 5.2 -1.6 -4.2 -1.7 1.6 -1.6 -5.6 25.0 -4.5 12.1 -0.7 20.3 -7.5 8.1 -3.5 12.7 -7.8 12.1 -2.2 ANNUAL 5.4 4.7 -0.7 9.7 6.1 4.1 I II III IV r-1.7 r3.2 r2.6 r7.9 -9.0 -6.9 -9.3 -8.5 r-7.4 r-9.8 r-11.6 -15.2 r2.5 r-1.3 r-0.8 r7.2 r-1.3 r-4.4 r-1.6 r7.8 4.2 r-4.4 -3.4 -0.7 ANNUAL 1.3 -5.9 -7.2 1.6 -1.2 0.2 I II III IV r12.5 r8.4 r8.1 r7.2 3.6 7.2 3.5 -0.5 r-7.9 r-1.1 r-4.2 -7.2 r12.1 r9.0 r2.9 3.7 r10.5 r5.5 r0.8 1.6 -0.4 0.5 -4.8 -3.3 ANNUAL 8.2 -0.8 -8.3 6.4 4.7 -1.7 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2000 2001 2002 I II III IV 6.0 5.6 5.7 3.9 6.2 6.2 4.4 2.0 0.2 0.6 -1.2 -1.8 11.2 8.9 10.9 7.4 7.7 5.5 7.2 3.8 4.9 3.1 4.9 3.3 ANNUAL 5.4 4.7 -0.7 9.7 6.1 4.1 I II III IV r0.8 0.7 1.4 3.0 -2.5 -5.4 -7.3 -8.4 r-3.3 -6.1 r-8.6 -11.1 2.2 3.0 -0.1 1.8 r-1.2 -0.4 -2.7 0.0 1.3 2.2 -1.5 -1.1 ANNUAL 1.3 -5.9 -7.2 1.6 -1.2 0.2 I II III IV 6.5 r7.8 9.2 9.0 -5.4 -2.0 1.3 3.4 -11.2 r-9.1 r-7.3 -5.1 4.1 r6.7 7.7 r6.8 2.9 r5.4 6.1 4.5 -2.2 -1.0 -1.4 -2.0 ANNUAL 8.2 -0.8 -8.3 6.4 4.7 -1.7 -------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 22 Appendix table 5. Nondurable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs seasonally adjusted Real Year Output per Hours CompensacompensaUnit and hour of of all tion per tion per labor quarter all persons Output persons hour (1) hour (2) costs -------------------------------------------------------------------------------------------------Indexes 1992=100 2000 2001 2002 I II III IV 116.9 118.2 117.6 119.7 111.1 111.5 110.6 110.2 95.0 94.4 94.1 92.0 130.5 131.4 133.7 136.6 109.8 109.7 110.7 112.2 111.6 111.2 113.8 114.1 ANNUAL 118.3 110.9 93.7 133.2 110.8 112.7 I II III IV r119.7 r120.5 r120.5 r123.5 108.7 107.5 106.7 106.5 r90.8 r89.2 r88.5 r86.2 r139.2 r138.0 r137.9 r139.3 r113.3 r111.5 r111.2 r112.5 116.3 114.5 r114.5 r112.8 ANNUAL r121.0 107.3 r88.7 r138.6 r112.1 114.6 I II III IV r125.6 r127.1 r127.9 r126.9 106.8 107.4 107.1 105.9 r85.1 r84.5 r83.8 r83.4 r148.1 r150.9 r153.3 r154.2 r119.1 r120.4 r121.6 r121.8 117.9 r118.7 r119.8 121.5 ANNUAL r126.9 106.8 r84.2 r151.6 r120.7 119.5 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2000 2001 2002 I II III IV 0.5 4.3 -2.0 7.4 -1.7 1.4 -3.0 -1.7 -2.2 -2.8 -1.0 -8.5 15.4 2.7 7.4 8.9 11.1 -0.4 3.5 5.9 14.8 -1.5 9.6 1.4 ANNUAL 3.9 0.6 -3.2 7.8 4.3 3.8 I II III IV -0.1 2.9 r-0.1 r10.4 -5.2 -4.1 -3.3 -0.6 r-5.2 -6.8 r-3.2 r-10.0 r7.9 -3.4 r-0.3 r4.1 r3.9 -6.3 r-1.1 r4.7 7.9 -6.1 -0.2 -5.7 ANNUAL 2.3 -3.2 r-5.4 4.0 1.2 1.7 I II III IV r6.9 r4.9 r2.5 r-3.0 1.3 2.1 -1.0 -4.6 r-5.3 r-2.7 r-3.4 r-1.7 r27.6 r7.7 r6.5 r2.5 r25.8 r4.3 r4.3 r0.4 19.4 2.6 3.9 5.6 ANNUAL 4.8 -0.5 -5.1 9.4 7.6 4.3 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2000 2001 2002 I II III IV 3.4 5.0 4.1 2.5 0.8 1.3 1.4 -1.3 -2.5 -3.5 -2.6 -3.7 6.7 7.3 8.2 8.5 3.4 3.9 4.6 4.9 3.2 2.2 3.9 5.9 ANNUAL 3.9 0.6 -3.2 7.8 4.3 3.8 I II III IV 2.3 2.0 r2.5 r3.2 -2.2 -3.5 -3.6 -3.3 -4.4 -5.4 -5.9 -6.3 6.7 5.1 3.1 r2.0 3.2 1.6 r0.5 r0.2 4.2 3.0 0.6 -1.2 ANNUAL 2.3 -3.2 r-5.4 4.0 1.2 1.7 I II III IV r4.9 r5.5 r6.2 2.8 -1.7 -0.1 0.4 -0.6 r-6.3 -5.3 -5.4 -3.3 6.4 9.3 11.1 10.7 5.1 r8.0 9.4 8.3 1.4 3.6 4.7 7.7 ANNUAL 4.8 -0.5 -5.1 9.4 7.6 4.3 -------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 r=revised Source: Bureau of Labor Statistics 23 Appendix table 6. Nonfinancial corporate sector: Revised productivity, hourly compensation, unit labor costs, unit profits, and prices, seasonally adjusted Output Hourly Real Unit Total Unit Implicit Year per allcompenhourly Unit nonunit proprice and employee Employee sation compenlabor labor costs fits deflator quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4) ---------------------------------------------------------------------------------------------------------Indexes 1992=100 2000 2001 2002 I II III IV r120.5 r121.1 r121.9 r122.1 150.3 151.1 152.4 152.3 r124.7 r124.8 r125.0 r124.7 r129.7 r130.4 r132.9 r134.3 r109.2 r108.9 r109.9 r110.4 107.7 107.7 109.0 110.0 101.9 103.5 104.8 106.5 106.1 106.6 107.9 109.1 114.6 115.9 107.4 97.0 106.9 107.4 107.8 108.0 ANNUAL r121.5 151.5 r124.7 r131.9 r109.7 108.6 104.2 107.4 108.7 107.5 I II III IV r122.5 r123.4 r123.6 r124.4 151.9 151.1 149.4 148.2 r124.0 r122.4 r120.8 r119.2 r135.4 r136.7 r137.8 r139.2 r110.2 r110.4 r111.1 r112.4 110.5 110.8 111.5 111.9 109.2 111.6 114.1 115.7 110.2 111.0 112.2 113.0 87.4 86.9 79.0 75.5 108.1 108.9 109.2 109.6 ANNUAL r123.5 150.2 r121.6 r137.3 r111.0 111.2 112.6 111.6 82.2 108.9 I II III IV r125.9 r127.9 r129.1 r130.1 149.3 151.3 152.2 153.0 r118.5 r118.4 r117.9 r117.6 r140.1 r141.9 r142.7 r143.2 r112.6 r113.2 r113.3 r113.1 111.2 111.0 110.6 110.1 113.0 110.7 110.0 109.6 111.7 110.9 110.5 110.0 85.8 94.5 100.3 111.2 109.4 109.4 109.5 110.1 ANNUAL r128.2 151.5 r118.1 r142.0 r113.0 110.7 110.8 110.7 98.0 109.6 ---------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2000 2001 2002 I II III IV 7.1 2.1 2.7 0.7 9.5 2.3 3.4 -0.2 2.2 0.1 0.7 -0.9 15.2 2.3 7.7 4.5 10.9 -0.8 3.8 r1.6 7.6 0.1 4.9 3.7 1.4 6.6 5.0 6.7 5.9 1.8 4.9 4.5 -25.5 4.7 -26.2 -33.4 2.3 2.1 1.5 0.6 ANNUAL 3.6 5.2 1.6 6.8 3.3 3.1 3.8 3.3 -15.8 1.2 I II III IV r1.3 r2.8 r0.8 2.5 -1.1 -2.2 -4.4 -3.0 -2.4 r-4.8 r-5.1 -5.4 r3.3 r3.7 r3.4 4.2 r-0.5 r0.5 r2.6 4.8 1.9 0.9 2.6 1.6 10.5 9.2 8.9 5.9 4.1 3.1 4.3 2.8 -34.1 -2.5 -31.8 -16.3 0.6 2.7 1.3 1.4 ANNUAL r1.6 -0.9 -2.5 r4.0 1.2 2.4 8.1 3.9 -24.3 1.3 I II III IV r5.1 r6.2 r3.8 3.2 2.9 5.6 2.3 2.0 r-2.1 r-0.6 r-1.4 r-1.1 r2.4 r5.2 r2.5 r1.2 r0.9 r1.9 r0.4 r-0.8 -2.6 -0.9 -1.2 -1.9 -9.0 -7.9 -2.4 -1.6 -4.4 -2.9 -1.6 -1.8 66.8 46.9 27.0 50.9 -0.8 0.1 0.5 1.9 ANNUAL r3.9 0.9 r-2.9 3.4 1.8 -0.4 -1.6 -0.7 19.2 0.6 ---------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2000 2001 2002 I II III IV 3.4 3.4 4.1 3.1 6.1 5.5 5.6 3.7 2.7 2.0 1.4 0.5 r5.7 6.2 7.6 7.3 2.5 2.8 4.0 3.8 2.3 2.7 3.3 4.0 2.8 3.8 3.8 4.9 2.4 3.0 3.5 4.3 -14.1 -13.2 -14.9 -21.3 0.6 1.1 1.5 1.6 ANNUAL 3.6 5.2 1.6 6.8 3.3 3.1 3.8 3.3 -15.8 1.2 I II III IV 1.7 1.9 1.4 r1.8 1.1 0.0 -2.0 -2.7 -0.6 -1.9 -3.3 r-4.4 4.4 4.8 3.7 3.7 1.0 r1.3 1.0 1.8 2.6 2.8 2.3 1.8 7.2 7.8 8.8 8.6 3.8 4.1 4.0 3.6 -23.7 -25.0 -26.5 -22.2 1.2 1.3 1.3 1.5 ANNUAL r1.6 -0.9 -2.5 r4.0 1.2 2.4 8.1 3.9 -24.3 1.3 I II III IV 2.8 r3.6 4.4 r4.6 -1.7 0.2 1.9 3.2 -4.4 r-3.3 -2.4 -1.3 3.4 r3.8 r3.6 2.8 2.2 r2.5 r2.0 0.6 0.6 0.2 -0.8 -1.7 3.5 -0.8 -3.5 -5.3 1.4 -0.1 -1.5 -2.7 -1.9 8.7 27.0 47.2 1.2 0.5 0.3 0.4 ANNUAL r3.9 0.9 r-2.9 3.4 1.8 -0.4 -1.6 -0.7 19.2 0.6 ---------------------------------------------------------------------------------------------------------See footnotes following Table 6. March 7, 2006 24 r=revised Source: Bureau of Labor Statistics
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