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Internet address: Historical, technical information: Current data: Media contact: http://www.bls.gov/lpc/ (202) 691-5606 (202) 691-5200 (202) 691-5902 USDL 07-1200 TRANSMISSION OF THIS MATERIAL IS EMBARGOED UNTIL 8:30 A.M. EDT, TUESDAY, AUG. 7, 2007. PRODUCTIVITY AND COSTS Second Quarter 2007, Preliminary The Bureau of Labor Statistics of the U.S. Department of Labor today reported preliminary productivity data—as measured by output per hour of all persons—for the second quarter of 2007. The preliminary seasonally adjusted annual rates of productivity change in the second quarter were: 2.6 percent in the business sector and 1.8 percent in the nonfarm business sector. These rates of growth are higher than those for the first quarter of 2007, when productivity increased 0.2 percent in the business sector and 0.7 percent in the nonfarm business sector. In manufacturing, the preliminary productivity changes in the second quarter were: 1.6 percent in manufacturing, 4.7 percent in durable goods manufacturing, and -1.9 percent in nondurable goods manufacturing. Productivity in the total manufacturing sector grew 1.6 percent in the second quarter of 2007, as output increased 3.5 percent and hours increased 1.8 percent (seasonally adjusted annual rates). Growth in output and productivity was concentrated in the durable goods subsector. Output and hours in manufacturing, which includes about 12 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. Second-quarter measures are summarized in table A and appear in detail in tables 1 through 5. Data in this release reflect the regular multi-year revisions to the national income and product accounts released by the Bureau of Economic Analysis of the U.S. Department of Commerce on July 27. The data also incorporate revised estimates of output in manufacturing and hours in all sectors. See Revised Measures, page 4. 2 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 independently prepared by the Board of Governors of the Federal Reserve System. See Technical Notes for further information on data sources (page 8). Table A. Productivity and costs: Preliminary second-quarter 2007 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 2.6 1.8 1.6 4.7 -1.9 3.8 4.2 3.5 6.2 0.3 1.1 2.3 1.8 1.5 2.3 5.3 3.9 2.8 1.5 5.4 -0.7 -2.0 -3.0 -4.2 -0.5 2.6 2.1 1.2 -3.0 7.5 2.6 2.4 3.4 4.1 2.2 4.7 4.5 3.2 2.3 4.3 Percent change from same quarter a year ago Business Nonfarm business Manufacturing Durable Nondurable 0.6 0.6 2.9 4.5 0.6 1.8 2.0 1.7 2.4 1.0 1.2 1.3 -1.2 -2.0 0.4 5.3 5.2 6.2 6.9 5.0 Business From the first quarter to the second quarter of 2007, business sector labor productivity increased at a 2.6-percent annual rate. Output increased 3.8 percent and hours of all persons engaged in the sector—employees, proprietors, and unpaid family workers—rose 1.1 percent (seasonally adjusted annual rates). As revised, output per hour rose at the same 0.2 percent annual rate as output in the first quarter of 2007, hours worked were unchanged from the previous quarter (tables 1 and B). Hourly compensation increased 5.3 percent in the second quarter of 2007, more than the 3.3 percent gain in the first quarter (seasonally adjusted annual rates). This measure of compensation includes wages and salaries, supplements, employer contributions to employee benefit plans, and taxes. Real hourly compensation, which takes into account changes in consumer prices, fell 0.7 percent during the second quarter of 2007 as consumer prices increased 6.0 percent (seasonally adjusted annual rates). 3 Unit labor costs, which reflect changes in both hourly compensation and productivity, increased 2.6 percent during the second quarter of 2007 after rising 3.1 percent in the previous quarter. From the second quarter of 2006 to the second quarter of 2007, these costs increased 4.7 percent—the largest four-quarter increase since unit labor costs increased 4.8 percent between the third quarter of 1999 and the third quarter of 2000. The implicit price deflator for the business sector, which reflects changes in both unit labor costs and unit nonlabor payments, increased 2.5 percent in the second quarter and 4.1 percent in the first quarter. Nonfarm Business Productivity increased 1.8 percent in the nonfarm business sector during the second quarter of 2007 as output grew 4.2 percent and hours of all persons increased 2.3 percent (seasonally adjusted annual rates). Revised results for first-quarter 2007 show that productivity increased 0.7 percent, output rose 0.3 percent, and hours declined 0.3 percent (tables 2 and B). Nonfarm business output per hour had increased at an average annual rate of 2.7 percent from 2000 through 2006. Hourly compensation in the nonfarm business sector increased 3.9 percent in the second quarter of 2007, similar to a 3.7-percent rise one quarter earlier. When the 6.0-percent rise in consumer prices is taken into account, real hourly compensation fell 2.0 percent in the second quarter of 2007. It had fallen 0.2 percent in the first quarter. Unit labor costs increased 2.1 percent in the second quarter of 2007 and 3.0 percent in the first quarter. As in the total business sector, unit labor costs increased more from the second quarter of 2006 to the second quarter of 2007, 4.5 percent, than during any four-quarter period since third-quarter 1999 to third-quarter 2000, when they increased 5.0 percent. The implicit price deflator for nonfarm business output grew 2.4 percent in the second quarter, following a 3.6-percent increase in the previous quarter. Manufacturing Productivity increased 1.6 percent in manufacturing, as output grew 3.5 percent and hours of all persons increased 1.8 percent (seasonally adjusted annual rates). All of the secondquarter productivity improvement occurred in durable goods industries, where productivity rose 4.7 percent, output grew 6.2 percent, and hours of all persons increased 1.5 percent. In nondurable goods industries, second-quarter productivity fell 1.9 percent reflecting increases in output of 0.3 percent and in hours of 2.3 percent. In the first quarter of 2007, total manufacturing productivity rose 1.7 percent, reflecting a 0.9-percent increase in output and a 0.8-percent decline in hours (tables 3, 4, and 5). Hourly compensation of all manufacturing workers grew 2.8 percent during the second quarter of 2007, reflecting very different growth in the manufacturing subsectors. In durable goods industries, hourly compensation rose 1.5 percent, while in non-durable goods industries compensation per hour grew faster, 5.4 percent. When the increase in consumer prices is taken into account, the real hourly compensation of all manufacturing workers fell 3.0 percent in the second quarter after increasing 2.8 percent one quarter earlier. 4 Unit labor costs in manufacturing rose 1.2 percent in the second quarter of 2007, showing the combined effect of a 3.0 percent decline in durable goods industries and a 7.5 percent increase in nondurable goods industries. Revised Measures Revised and previous measures for the first quarter of 2007 for the business, nonfarm business, and manufacturing sectors are compared in table B. In all sectors, productivity growth was revised down, reflecting both smaller increases in output and smaller declines in hours than previously reported. In business and nonfarm business, upward revisions to hourly compensation combined with the smaller productivity gains to produce upward revisions to unit labor costs. In manufacturing, hourly compensation increased slightly less than reported June 6, so the upward revision to unit labor costs was due solely to the downward revision in productivity growth. Table B. Previous and revised productivity and related measures Quarterly percent changes at seasonally adjusted annual rates Sector Productivity Output Hours Hourly compensation Real hourly compensation Unit labor costs First quarter 2007 Business: Previous ....................... Revised......................... Nonfarm business: Previous ....................... Revised......................... Manufacturing: Previous ....................... Revised......................... 0.5 0.2 0.4 0.2 -0.1 0.0 2.5 3.3 -1.4 -0.5 1.9 3.1 1.0 0.7 0.6 0.3 -0.4 -0.3 2.8 3.7 -1.0 -0.2 1.8 3.0 2.4 1.7 1.2 0.9 -1.1 -0.8 6.9 6.8 3.0 2.8 4.5 5.0 Table C presents previous and revised productivity and related measures for major sectors for the years 2004, 2005, and 2006. Output data for the business and nonfarm business sectors, and the compensation series for all sectors, incorporate the revised national income and product accounts data released by the Bureau of Economic Analysis, U.S. Department of Commerce, on July 27. Revisions for these sectors go back to the second quarter of 2001. Output and productivity growth in the business and nonfarm business sectors were revised downward in each year from 2004 to 2006. The 1.0-percent productivity gains in 2006 are small compared to recent years. Productivity had increased at average annual rates of 3.1 percent in business and 3.0 percent in nonfarm business from 2000 through 2005. Hourly compensation was revised down more than productivity in these sectors for the year 2006, resulting in smaller increases in unit labor costs than reported in the June 6 release. 5 Table C. Previous and revised productivity and related measures Annual percent changes Sector Productivity Output Hours Hourly compensation Real hourly compensation Unit labor costs Annual average 2006 Business: Previous ....................... Revised......................... Nonfarm business: Previous ....................... Revised......................... Manufacturing: Previous ....................... Revised......................... 1.7 1.0 3.8 3.1 2.1 2.1 5.0 3.9 1.6 0.6 3.2 2.9 1.6 1.0 3.8 3.2 2.1 2.2 5.0 3.9 1.6 0.6 3.3 2.9 4.0 4.0 5.0 4.9 1.0 0.9 4.1 2.5 0.7 -0.8 0.1 -1.5 Annual average 2005 Business: Previous ....................... Revised......................... Nonfarm business: Previous ....................... Revised......................... Manufacturing: Previous ....................... Revised......................... 2.1 2.0 3.7 3.6 1.6 1.6 4.2 4.0 0.8 0.6 2.0 2.0 2.1 1.9 3.8 3.6 1.6 1.6 4.1 4.0 0.8 0.7 2.0 2.0 4.8 4.8 3.6 3.5 -1.1 -1.2 4.7 4.2 1.3 0.8 -0.1 -0.6 Annual average 2004 Business: Previous ....................... Revised......................... Nonfarm business: Previous ....................... Revised......................... Manufacturing: Previous ....................... Revised......................... 3.1 2.9 4.4 4.2 1.3 1.3 3.8 3.7 1.1 1.1 0.7 0.9 2.9 2.7 4.3 4.1 1.4 1.4 3.6 3.6 0.9 0.9 0.7 0.9 1.8 2.1 1.3 1.8 -0.5 -0.3 2.0 2.0 -0.7 -0.6 0.2 -0.1 Output data for the manufacturing sector also were revised. Annual output indexes are constructed by BLS using data from the Bureau of the Census and the Bureau of Economic Analysis (BEA), both in the U.S. Department of Commerce, together with information on price changes, primarily from the Bureau of Labor Statistics. 6 This release also reports revised data on hours at work and related measures for the manufacturing, durable manufacturing, and nondurable manufacturing sectors. The hours revision reflects extension of the methodology, already used in the business sectors, which utilizes information on employment and hours by primary and secondary job of self-employed and unpaid family workers from the BLS Current Population Survey. (See “Construction of Employment and Hours for Self-employed and other Nonfarm workers and for all Farm workers, using Current Population Survey data for primary and secondary jobs," on the productivity and costs home page, http://www.bls.gov/lpc/home.htm .) Manufacturing productivity grew 4.8 percent in 2005 and 4.0 percent in 2006, the same as reported June 6. Hourly compensation and unit labor costs were revised down in both years. For 2004, productivity was revised up to 2.1 percent, as an upward revision to output was partially offset by an upward revision to hours. Because hourly compensation was not revised for 2004, the larger increase in productivity implied a downward revision to unit labor costs. The average annual rate of productivity growth in manufacturing for the 2000 to 2006 period was unchanged at 4.2 percent per year. Revised quarterly series appear in tables 1-5 and appendix tables 1-5. Complete annual series for the manufacturing sectors appear in appendix tables 7 through 9. Links to tables showing the full historical revisions including the quarterly measures will be posted on the productivity and costs home page, http://www.bls.gov/lpc/home.htm . Revised Measures: Nonfinancial Corporations Productivity and costs measures for the first quarter of 2007 for nonfinancial corporations also were revised (table D). Increases in productivity and output were revised down to 0.2 percent and 0.4 percent, respectively (seasonally adjusted annual rates). Hourly compensation was revised down by more than productivity, and unit labor costs increased 3.6 percent, rather than 4.1 percent as reported June 6. The change in unit profits in the first quarter of 2007 was revised up from 6.8 percent to 12.4 percent. 7 Table D. Nonfinancial corporations: Previous and revised productivity and cost measures Percent changes at seasonally adjusted annual rates Productivity Output Previous……… Revised………. 0.6 0.2 0.7 0.4 Hours Hourly compensation Real hourly compensation First quarter 2007 0.1 4.7 0.8 0.2 3.8 -0.1 Unit labor costs Implicit Unit price profits deflator 4.1 3.6 6.8 12.4 3.7 3.9 2.2 2.2 12.2 5.0 2.7 2.2 1.8 2.7 12.6 7.0 3.3 3.3 0.1 -0.5 26.9 32.0 2.1 2.1 Annual average 2006 Previous……… Revised………. 2.5 1.3 4.8 3.5 2.2 2.2 4.8 3.5 1.4 0.2 Annual average 2005 Previous……… Revised………. 2.3 1.1 4.0 2.7 1.6 1.6 4.1 3.8 0.8 0.5 Annual average 2004 Previous……… Revised………. 3.1 3.5 4.5 4.9 1.4 1.4 3.2 3.0 0.5 0.3 Historical data for nonfinancial corporations also were revised due to incorporation of revised data on output and compensation from the national income and product accounts. For the year 2006, output and output per hour were revised down, hourly compensation was revised down by a similar amount, and unit labor costs remained unchanged. In 2005, the downward revision to productivity was larger than that to hourly compensation, and unit labor costs increased more than reported June 6. The rates of productivity growth in 2005 and 2006, 1.1 percent and 1.3 percent, respectively, are smaller than the 3.3-percent average annual growth rate from 2000 to 2004. In the year 2004, productivity growth was revised up along with output. Unit labor costs fell 0.5 percent rather than rising 0.1 percent. Revised data for nonfinancial corporations appear in table 6 and appendix table 6. Next release date The next release of Productivity and Costs is scheduled for 8:30 a.m. EDT, Thursday, Sept. 6, 2007. Revised second-quarter measures for business, nonfarm business, and manufacturing will be released at that time, along with preliminary measures for nonfinancial corporations. 8 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 BLS. 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, 9 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 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. 10 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 2005 2006 I II III IV r134.4 r134.3 r135.9 r135.5 r157.2 r158.5 r160.6 r161.0 r117.0 r118.0 r118.2 r118.8 r161.4 r161.7 r164.2 r165.4 r120.3 r119.4 r119.6 r119.4 r120.1 r120.4 r120.8 r122.0 r128.2 r129.8 r132.0 r133.0 r123.1 r123.9 r125.0 r126.1 ANNUAL r135.0 r159.3 r118.0 r163.2 r119.7 r120.9 r130.8 r124.5 I II III IV r136.4 r136.6 r136.1 r136.5 r163.2 r164.2 r164.4 r165.5 r119.6 r120.2 r120.8 r121.2 r168.2 r168.1 r168.7 r173.4 r120.9 r119.3 r118.9 r122.8 r123.4 r123.0 r124.0 r127.0 r133.0 r136.5 r136.6 r132.2 r127.0 r128.0 r128.7 r128.9 ANNUAL r136.4 r164.3 r120.5 r169.6 r120.4 r124.3 r134.6 r128.2 2007 I r136.6 r165.6 r121.2 r174.8 r122.6 r128.0 r134.0 r130.2 II 137.5 167.1 121.6 177.0 122.4 128.8 134.8 131.0 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2005 2006 I II III IV r3.0 r-0.3 r4.9 r-1.1 r3.7 r3.3 r5.5 r1.0 r0.7 3.6 0.6 2.1 r3.0 r0.7 r6.2 r2.9 r1.1 r-3.1 r0.7 r-0.5 r0.0 r1.0 r1.3 r4.0 r9.1 r5.1 r7.1 r3.1 r3.4 r2.6 r3.5 r3.7 ANNUAL r2.0 r3.6 1.6 r4.0 r0.6 2.0 r4.9 r3.1 I II III IV r2.5 r0.8 r-1.5 r1.2 r5.5 r2.5 r0.6 r2.6 r2.9 1.7 2.2 1.4 r7.2 r-0.4 r1.6 r11.4 r5.1 r-5.1 r-1.6 r13.8 r4.6 r-1.2 r3.1 r10.1 r0.0 r10.7 r0.5 r-12.4 r2.8 r3.3 r2.1 r0.8 ANNUAL r1.0 r3.1 2.1 r3.9 r0.6 r2.9 r2.9 r2.9 2007 I r0.2 r0.2 r0.0 r3.3 r-0.5 r3.1 r5.7 r4.1 II 2.6 3.8 1.1 5.3 -0.7 2.6 2.5 2.5 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2005 2006 2007 I II III IV 2.5 1.5 2.4 r1.6 3.8 r3.5 3.9 r3.4 r1.2 2.0 1.5 1.7 r5.0 r3.8 r4.0 r3.2 r1.9 0.9 r0.3 r-0.5 r2.4 2.3 r1.6 1.6 r4.1 r3.6 r5.8 r6.1 r3.1 r2.8 r3.2 r3.3 ANNUAL r2.0 r3.6 1.6 r4.0 r0.6 2.0 r4.9 r3.1 I II III IV r1.5 r1.7 r0.2 r0.7 r3.8 r3.6 r2.4 r2.8 2.3 1.8 2.2 r2.1 r4.2 r3.9 r2.8 r4.8 r0.5 r0.0 r-0.6 r2.8 r2.7 r2.2 r2.6 r4.1 r3.8 r5.1 r3.5 r-0.6 r3.1 r3.3 r3.0 r2.2 ANNUAL r1.0 r3.1 2.1 r3.9 r0.6 r2.9 r2.9 r2.9 I r0.2 r1.5 1.3 r3.9 r1.4 r3.7 r0.8 r2.6 II 0.6 1.8 1.2 5.3 2.6 4.7 -1.2 2.4 --------------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 11 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 2005 2006 I II III IV r133.4 r133.5 r135.0 r134.5 r157.4 r158.6 r160.8 r161.2 r118.0 r118.8 r119.1 r119.8 r160.3 r160.9 r163.2 r164.2 r119.5 r118.8 r118.8 r118.6 r120.2 r120.5 r120.9 r122.1 r129.6 r131.3 r133.7 r134.8 r123.6 r124.5 r125.6 r126.8 ANNUAL r134.1 r159.5 r118.9 r162.1 r118.9 r120.9 r132.4 r125.1 I II III IV r135.3 r135.6 r135.0 r135.6 r163.4 r164.4 r164.7 r165.7 r120.8 r121.2 r122.0 r122.2 r167.1 r167.0 r167.5 r172.4 r120.1 r118.6 r118.0 r122.1 r123.5 r123.2 r124.0 r127.1 r135.0 r138.7 r138.6 r133.6 r127.7 r128.9 r129.4 r129.5 ANNUAL r135.4 r164.5 r121.5 r168.5 r119.7 r124.5 r136.5 r128.9 2007 I r135.9 r165.9 r122.1 r174.0 r122.1 r128.1 r135.1 r130.6 II 136.5 167.6 122.8 175.7 121.5 128.7 136.0 131.4 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2005 2006 I II III IV r3.7 r0.3 r4.4 r-1.4 r3.9 r3.2 r5.6 r0.9 r0.2 2.9 1.1 r2.4 r3.6 r1.5 r5.7 r2.6 r1.6 r-2.4 r0.2 r-0.8 r-0.1 r1.2 r1.3 r4.1 r10.4 r5.1 r7.8 r3.2 r3.8 r2.7 r3.8 r3.7 ANNUAL r1.9 r3.6 1.6 r4.0 r0.7 2.0 r5.5 r3.4 I II III IV r2.5 r0.8 r-1.6 r1.8 r5.7 r2.4 r0.8 r2.6 r3.1 r1.6 2.4 0.8 r7.2 r-0.2 r1.3 r12.2 r5.1 r-5.0 r-1.8 r14.6 r4.6 r-1.0 r2.9 r10.3 r0.5 r11.5 r-0.4 r-13.6 r3.0 r3.7 r1.6 r0.3 ANNUAL r1.0 r3.2 r2.2 r3.9 r0.6 r2.9 r3.1 r3.0 2007 I r0.7 r0.3 r-0.3 r3.7 r-0.2 r3.0 r4.6 r3.6 II 1.8 4.2 2.3 3.9 -2.0 2.1 2.8 2.4 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2005 2006 2007 I II III IV r2.5 r1.4 r2.2 r1.7 3.8 r3.4 r3.8 r3.4 1.4 2.0 r1.5 r1.7 r4.9 3.9 r4.0 r3.3 r1.8 0.9 r0.3 r-0.4 r2.3 r2.5 r1.7 r1.6 r4.8 r4.3 r6.4 r6.6 r3.3 r3.2 r3.5 r3.5 ANNUAL r1.9 r3.6 1.6 r4.0 r0.7 2.0 r5.5 r3.4 I II III IV r1.4 r1.5 r0.1 r0.9 r3.8 r3.6 r2.4 r2.8 r2.4 2.0 r2.4 r2.0 r4.2 r3.8 r2.7 r5.0 r0.5 r-0.2 r-0.7 r3.0 r2.8 r2.2 2.6 r4.1 r4.1 r5.7 r3.6 r-0.9 r3.3 r3.5 r3.0 r2.2 ANNUAL r1.0 r3.2 r2.2 r3.9 r0.6 r2.9 r3.1 r3.0 I r0.4 r1.5 1.1 r4.1 r1.6 r3.7 r0.1 r2.3 II 0.6 2.0 1.3 5.2 2.4 4.5 -1.9 2.0 --------------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 12 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 2005 2006 I II III IV r168.3 r170.9 r172.4 r173.7 r142.7 r143.8 r144.5 r147.3 r84.8 r84.1 r83.8 r84.8 r166.2 r167.8 r170.2 r168.8 r123.9 r123.9 r124.0 r121.9 r98.7 r98.2 r98.7 r97.2 ANNUAL r171.3 r144.6 r84.4 r168.3 r123.4 r98.2 I II III IV r175.4 r177.0 r179.8 r180.7 r149.5 r151.6 r153.4 r152.6 r85.2 r85.6 r85.3 r84.4 r172.6 r170.1 r170.7 r176.4 r124.1 r120.8 r120.2 r125.0 r98.4 r96.1 r94.9 r97.6 ANNUAL r178.2 r151.7 r85.1 r172.4 r122.5 r96.8 2007 I r181.5 r152.9 r84.3 r179.4 r125.8 r98.8 II 182.2 154.2 84.6 180.6 124.9 99.1 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2005 2006 I II III IV r4.9 r6.3 r3.5 3.1 r4.6 r3.1 r2.1 7.9 r-0.3 r-3.0 r-1.4 r4.6 r1.0 r4.0 r5.6 r-3.1 r-0.9 0.0 r0.1 r-6.4 r-3.7 r-2.2 r2.1 r-6.0 ANNUAL 4.8 r3.5 r-1.2 r4.2 r0.8 r-0.6 I II III IV r4.0 r3.7 r6.5 r2.0 6.0 5.7 4.8 -2.1 1.9 r2.0 r-1.6 r-4.0 r9.4 r-5.8 r1.4 r14.2 r7.2 r-10.2 r-1.8 r16.6 r5.1 r-9.1 r-4.8 r12.0 ANNUAL 4.0 r4.9 r0.9 r2.5 r-0.8 r-1.5 2007 I r1.7 r0.9 r-0.8 r6.8 r2.8 r5.0 II 1.6 3.5 1.8 2.8 -3.0 1.2 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2005 2006 2007 I II III IV 4.4 r5.1 5.2 r4.4 r3.1 3.4 r3.3 r4.4 r-1.2 r-1.6 r-1.9 0.0 r6.0 5.0 r4.0 r1.8 r2.9 r2.1 r0.3 r-1.8 r1.5 0.0 r-1.1 r-2.5 ANNUAL 4.8 r3.5 r-1.2 r4.2 r0.8 r-0.6 I II III IV r4.2 3.6 r4.3 r4.0 r4.7 r5.4 6.1 3.6 r0.5 1.8 r1.7 r-0.5 r3.9 r1.3 r0.3 r4.5 r0.1 r-2.5 r-3.0 r2.5 r-0.3 r-2.1 r-3.8 r0.5 ANNUAL 4.0 r4.9 r0.9 r2.5 r-0.8 r-1.5 I 3.5 r2.3 -1.1 r3.9 r1.4 r0.4 II 2.9 1.7 -1.2 6.2 3.4 3.2 -------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 13 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 2005 2006 I II III IV r189.8 r193.4 r196.5 r200.7 r169.7 r171.6 r174.5 r180.5 r89.4 r88.8 r88.8 r89.9 r161.4 r162.5 r165.2 r163.6 r120.3 r120.0 r120.4 r118.2 r85.0 r84.0 r84.1 r81.5 ANNUAL r195.1 r174.1 r89.2 r163.2 r119.7 r83.6 I II III IV r202.7 r205.5 r210.1 r211.5 r182.9 r187.1 r189.6 r188.9 r90.3 r91.1 r90.3 r89.3 r168.4 r165.7 r166.4 r173.0 r121.0 r117.7 r117.3 r122.5 r83.1 r80.7 r79.2 r81.8 ANNUAL r207.4 r187.2 r90.2 r168.4 r119.6 r81.2 2007 I r212.3 r188.7 r88.9 r176.6 r123.9 r83.1 II 214.8 191.6 89.2 177.2 122.5 82.5 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2005 2006 I II III IV r4.1 r7.7 r6.6 r8.9 r5.5 r4.7 r6.8 r14.5 r1.3 r-2.8 r0.2 r5.2 r0.4 2.7 r7.0 r-3.8 r-1.5 -1.2 r1.4 r-7.0 r-3.6 r-4.7 r0.4 r-11.7 ANNUAL r5.3 r5.0 r-0.3 r3.8 r0.5 r-1.4 I II III IV r3.9 r5.7 r9.3 r2.7 5.5 9.4 5.5 -1.4 r1.5 r3.5 r-3.5 r-4.1 r12.1 r-6.1 r1.7 r16.6 r9.9 r-10.5 r-1.5 r19.1 r7.9 r-11.2 r-6.9 r13.5 ANNUAL r6.3 7.5 r1.1 r3.2 r-0.1 r-2.9 2007 I r1.6 r-0.5 r-2.0 r8.6 4.5 r6.9 II 4.7 6.2 1.5 1.5 -4.2 -3.0 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2005 2006 2007 I II III IV r3.3 r4.8 r6.2 r6.8 r3.0 4.0 5.1 r7.8 r-0.3 r-0.8 r-1.0 0.9 r6.0 r4.4 r3.5 r1.5 r2.9 r1.5 r-0.2 r-2.1 r2.6 r-0.4 r-2.5 r-5.0 ANNUAL r5.3 r5.0 r-0.3 r3.8 r0.5 r-1.4 I II III IV r6.8 r6.3 r6.9 r5.4 r7.8 r9.0 8.7 4.7 r1.0 r2.6 r1.6 r-0.7 r4.3 r2.0 r0.7 r5.7 r0.6 r-1.9 r-2.6 r3.6 r-2.3 r-4.0 r-5.8 r0.3 ANNUAL r6.3 7.5 r1.1 r3.2 r-0.1 r-2.9 I 4.8 3.2 -1.5 r4.9 r2.4 r0.1 II 4.5 2.4 -2.0 6.9 4.1 2.3 -------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 14 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 2005 2006 I II III IV r147.3 r149.1 r149.5 r148.4 r114.7 r115.1 r114.2 r114.4 r77.8 r77.2 r76.4 r77.1 r173.3 r176.1 r177.3 r176.5 r129.2 r130.0 r129.2 r127.5 r117.6 r118.1 r118.6 r118.9 ANNUAL r148.6 r114.6 r77.1 r175.8 r129.0 r118.3 I II III IV r149.8 r150.7 r151.6 r152.0 r116.3 r116.8 r117.9 r117.1 r77.6 r77.5 r77.8 r77.0 r178.3 r175.9 r176.4 r180.5 r128.2 r124.9 r124.3 r127.9 r119.0 r116.7 r116.4 r118.8 ANNUAL r151.0 r117.0 r77.5 r177.8 r126.3 r117.7 2007 I r152.4 r117.8 r77.3 r182.2 r127.8 r119.5 II 151.7 117.9 77.7 184.6 127.7 121.7 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2005 2006 I II III IV 6.4 r4.9 r1.0 r-2.9 r3.3 r1.3 r-3.0 r0.8 r-2.9 r-3.4 r-4.0 r3.8 r1.8 r6.5 r2.8 r-1.9 r-0.2 r2.5 r-2.6 r-5.2 r-4.3 r1.6 r1.7 r1.0 ANNUAL r4.8 r1.9 -2.7 r4.8 r1.4 r0.0 I II III IV r3.9 r2.4 r2.4 r1.0 6.6 1.7 4.1 -2.9 2.7 r-0.7 r1.7 r-3.9 r4.3 r-5.4 r1.2 r9.7 r2.3 r-9.9 r-2.0 r12.0 r0.4 r-7.6 r-1.2 r8.6 ANNUAL r1.6 r2.1 0.5 r1.1 r-2.1 r-0.5 2007 I r1.2 r2.6 r1.4 r3.8 r-0.1 r2.5 II -1.9 0.3 2.3 5.4 -0.5 7.5 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2005 2006 2007 I II III IV 6.3 r5.8 r4.7 r2.3 r3.3 r2.5 r1.2 r0.6 r-2.8 r-3.1 r-3.3 -1.7 r5.9 r6.1 r4.9 r2.3 r2.8 r3.0 r1.1 r-1.4 -0.4 r0.2 r0.1 r0.0 ANNUAL r4.8 r1.9 -2.7 r4.8 r1.4 r0.0 I II III IV r1.7 r1.1 r1.4 r2.4 r1.4 1.5 3.3 2.3 r-0.3 r0.4 1.8 r-0.1 r2.9 r-0.1 r-0.5 r2.3 r-0.8 r-3.9 r-3.8 r0.3 r1.2 r-1.2 r-1.9 -0.1 ANNUAL r1.6 r2.1 0.5 r1.1 r-2.1 r-0.5 I r1.7 r1.3 r-0.4 r2.2 r-0.3 r0.4 II 0.6 1.0 0.4 5.0 2.2 4.3 -------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 15 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 2005 2006 I II III IV r140.3 r141.1 r140.5 r141.4 r164.6 r166.8 r166.9 r169.2 r117.3 r118.2 r118.8 r119.7 r158.0 r158.5 r160.8 r161.8 r117.8 r117.0 r117.1 r116.9 r112.6 r112.3 r114.4 r114.5 r111.5 r111.7 r115.1 r112.8 r112.3 r112.1 r114.6 r114.0 r151.9 r161.7 r147.5 r159.5 r115.9 r116.6 r117.6 r118.1 ANNUAL r140.8 r166.9 r118.5 r159.8 r117.2 r113.5 r112.8 r113.3 r155.2 117.0 I II III IV r142.4 r141.8 r142.9 r143.3 r171.5 r171.5 r173.6 r174.6 r120.4 r120.9 r121.5 r121.8 r163.8 r163.9 r164.6 r169.3 r117.8 r116.4 r115.9 r119.9 r115.0 r115.6 r115.2 r118.1 r112.5 r114.3 r113.8 r114.5 r114.4 r115.2 r114.8 r117.1 r164.4 r164.8 r172.6 r150.0 r118.8 r119.7 r120.0 r120.1 ANNUAL r142.6 r172.8 r121.2 r165.4 r117.5 r116.0 r113.8 r115.4 r162.9 r119.6 2007 I r143.4 r174.8 r121.9 r170.8 r119.9 r119.1 r114.7 r118.0 r154.5 r121.2 ---------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2005 2006 I II III IV r0.3 r2.2 r-1.6 r2.4 r0.3 r5.4 r0.4 r5.6 0.1 3.1 2.0 3.1 r2.7 r1.2 r6.1 r2.4 r0.7 r-2.6 r0.5 r-1.0 r2.4 r-1.0 r7.8 r0.0 r6.8 r0.5 r12.7 r-7.6 r3.6 r-0.6 r9.1 r-2.1 r9.8 r28.4 r-30.8 r36.9 r4.3 r2.5 r3.4 r1.8 ANNUAL r1.1 r2.7 1.6 r3.8 r0.5 r2.7 3.0 r2.8 r7.0 3.3 I II III IV r3.1 r-1.8 r3.1 1.3 r5.5 r-0.1 r5.0 2.4 2.3 1.7 1.9 r1.2 r5.2 r0.2 r1.6 r11.9 r3.2 r-4.6 r-1.5 r14.3 r2.0 r2.0 r-1.4 r10.5 r-1.0 r6.4 r-1.5 r2.2 r1.2 r3.1 r-1.5 r8.3 r12.7 r1.2 r20.1 r-42.9 r2.6 2.9 r1.0 r0.3 ANNUAL r1.3 r3.5 2.2 r3.5 r0.2 2.2 r0.9 r1.9 r5.0 r2.2 2007 I r0.2 r0.4 r0.2 r3.8 r-0.1 r3.6 r0.9 r2.9 r12.4 r3.9 ---------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2005 2006 I II III IV r2.2 r1.6 r-0.1 r0.8 r3.3 r3.3 r1.5 r2.9 1.1 1.7 1.7 2.1 r4.8 r3.7 r3.8 r3.1 r1.7 r0.7 r0.1 r-0.6 r2.5 r2.1 r4.0 r2.3 r1.8 2.1 r5.4 r2.8 r2.3 r2.1 r4.3 r2.4 r12.4 r10.9 r-2.1 r7.5 r3.4 r3.1 3.6 r3.0 ANNUAL r1.1 r2.7 1.6 r3.8 r0.5 r2.7 3.0 r2.8 r7.0 3.3 I II III IV r1.5 r0.5 r1.7 r1.4 r4.2 r2.8 r4.0 r3.2 2.6 2.3 r2.3 1.8 r3.7 r3.4 r2.3 r4.6 r0.0 r-0.5 r-1.0 r2.6 r2.2 r2.9 r0.6 r3.2 r0.9 r2.3 r-1.1 r1.5 r1.8 r2.8 r0.2 r2.7 r8.2 r1.9 r17.0 r-5.9 r2.6 r2.7 r2.1 r1.7 ANNUAL r1.3 r3.5 2.2 r3.5 r0.2 2.2 r0.9 r1.9 r5.0 r2.2 2007 I r0.7 r1.9 r1.3 r4.3 r1.8 r3.6 r2.0 r3.1 r-6.0 2.0 ---------------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 16 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 –1.6 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 first quarter of 2007. 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 1978-2006 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. 17 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 2002 2003 2004 I II III IV r122.8 123.4 124.8 r124.8 141.9 142.6 143.8 144.0 r115.5 115.6 115.2 r115.4 143.7 145.4 146.1 146.1 r115.6 116.0 116.0 r115.3 117.0 117.9 117.1 117.1 r113.2 112.6 114.7 116.0 115.6 115.9 116.2 116.7 ANNUAL 123.9 143.1 115.4 145.3 115.7 117.3 114.1 116.1 I II III IV r125.8 r127.9 r130.8 r130.3 144.4 146.0 149.7 150.1 r114.8 r114.1 r114.5 r115.2 r148.1 r150.8 r152.5 r153.6 r115.7 r117.8 r118.4 r118.9 r117.7 r117.9 r116.6 117.9 r116.5 116.7 r120.2 r119.5 117.3 117.4 118.0 118.5 ANNUAL r128.7 147.5 r114.6 r151.2 r117.7 117.5 118.3 117.8 I II III IV r131.1 r132.3 r132.7 r133.4 r151.4 r153.1 r154.6 r155.7 r115.5 r115.7 r116.5 r116.8 r153.8 r155.8 r157.8 r160.2 r118.1 r118.4 r119.2 r120.0 r117.3 r117.7 r118.9 r120.1 r123.1 r125.3 r124.7 r125.4 r119.5 r120.5 r121.1 r122.1 ANNUAL r132.4 r153.7 r116.1 r156.9 r118.9 r118.5 r124.6 r120.8 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2002 2003 2004 I II III IV 5.6 1.8 4.8 -0.2 2.6 2.1 3.6 0.5 -2.9 0.3 -1.2 0.6 5.7 4.7 2.0 -0.1 4.2 1.4 -0.1 -2.5 0.1 2.8 -2.7 0.1 0.4 -2.1 7.9 4.6 0.2 1.0 1.0 1.7 ANNUAL 4.1 1.5 -2.5 3.5 1.9 -0.5 3.8 1.0 I II III IV 3.3 r6.9 9.1 r-1.4 1.1 4.6 10.4 1.1 -2.2 -2.2 1.2 2.5 5.5 r7.5 r4.6 2.9 1.7 7.2 r2.1 1.8 2.1 0.6 -4.1 4.3 1.7 0.6 12.5 -2.1 1.9 0.6 1.8 1.8 ANNUAL 3.8 3.1 -0.7 4.1 1.7 0.2 3.6 1.5 I II III IV r2.4 r3.9 r1.2 r2.0 r3.7 r4.4 r4.0 r3.0 1.2 0.5 2.8 1.0 r0.6 r5.2 r5.3 r6.3 r-2.9 r1.0 r3.0 r2.6 r-1.8 r1.3 r4.1 r4.2 r12.4 r7.5 -1.8 r2.2 r3.4 3.6 r1.8 r3.5 ANNUAL r2.9 r4.2 1.3 r3.7 1.1 r0.9 r5.4 2.6 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2002 2003 2004 I II III IV 4.8 3.9 4.7 3.0 0.5 0.8 2.5 2.2 -4.1 -2.9 -2.1 -0.8 3.4 3.9 3.8 3.1 2.2 2.5 2.2 0.7 -1.3 0.0 -0.8 0.1 6.3 2.4 3.9 2.6 1.3 0.9 0.9 1.0 ANNUAL 4.1 1.5 -2.5 3.5 1.9 -0.5 3.8 1.0 I II III IV 2.4 3.7 4.7 4.4 1.8 2.4 4.0 4.2 -0.6 -1.3 -0.7 -0.2 3.0 3.7 4.4 5.1 0.1 1.5 2.1 3.2 0.6 0.0 -0.4 0.7 2.9 3.6 4.7 3.0 1.4 1.3 1.5 1.5 ANNUAL 3.8 3.1 -0.7 4.1 1.7 0.2 3.6 1.5 I II III IV r4.2 r3.4 r1.5 2.4 r4.9 r4.8 r3.3 3.8 r0.7 r1.4 1.7 1.4 r3.9 3.3 r3.5 r4.3 r2.0 0.5 r0.7 r0.9 r-0.3 r-0.1 r1.9 r1.9 r5.6 r7.4 r3.8 r4.9 1.9 r2.6 r2.6 r3.0 ANNUAL r2.9 r4.2 1.3 r3.7 1.1 r0.9 r5.4 2.6 -------------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 18 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 2002 2003 2004 I II III IV 122.7 r122.9 124.2 124.1 142.5 143.0 144.1 144.1 r116.1 r116.3 116.0 116.1 r143.1 r144.6 145.3 r145.4 r115.1 r115.4 115.3 r114.7 116.6 117.7 117.0 117.1 115.0 114.8 116.6 117.7 116.0 116.6 116.9 117.3 ANNUAL 123.5 143.4 116.1 144.6 115.1 117.1 116.0 116.7 I II III IV r125.2 r126.9 r130.1 r129.9 144.6 146.1 150.0 150.6 r115.5 r115.1 r115.3 r115.9 r147.3 r149.7 r151.7 r152.9 r115.2 r116.9 r117.8 r118.4 117.7 118.0 r116.6 r117.7 118.3 118.1 121.5 r120.5 117.9 118.0 118.4 118.7 ANNUAL r128.0 147.8 r115.4 r150.4 r117.1 117.5 r119.6 118.3 I II III IV r130.2 r131.7 r132.0 r132.2 r151.5 r153.4 r154.9 r155.9 r116.4 r116.5 r117.3 r117.9 r152.9 r154.9 r156.8 r158.9 r117.4 r117.7 r118.5 r119.0 r117.4 r117.6 r118.8 r120.2 r123.7 r125.9 r125.7 r126.5 r119.7 r120.6 r121.4 r122.5 ANNUAL r131.5 r153.9 r117.0 r155.9 r118.2 r118.5 r125.5 r121.1 --------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2002 2003 2004 I II III IV 6.9 0.7 4.2 -0.1 3.5 1.4 3.1 0.1 -3.2 0.6 -1.0 0.2 6.2 4.4 1.9 0.1 4.7 1.2 -0.2 -2.3 -0.7 3.6 -2.2 0.2 1.2 -0.9 6.6 3.9 0.0 2.0 0.9 1.6 ANNUAL 4.1 1.5 -2.6 3.6 2.0 -0.5 4.0 1.1 I II III IV 3.4 5.7 10.4 -0.5 1.2 4.3 11.0 1.6 -2.1 -1.3 0.5 2.2 5.5 6.7 5.4 3.3 1.7 6.4 2.9 2.2 2.0 1.0 -4.5 3.8 1.8 -0.6 11.9 -3.2 2.0 0.4 1.3 1.1 ANNUAL 3.7 3.1 -0.6 4.0 1.7 0.3 3.1 1.3 I II III IV r0.9 r4.7 r0.9 r0.7 r2.6 r5.0 r3.8 r2.6 1.7 0.3 3.0 2.0 r-0.2 r5.3 r5.2 r5.4 r-3.6 r1.1 r2.9 r1.7 r-1.0 r0.6 r4.3 r4.7 r11.3 r7.1 -0.4 r2.4 r3.4 r3.0 2.4 r3.8 ANNUAL r2.7 r4.1 1.4 3.6 0.9 r0.9 r4.9 2.4 --------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2002 2003 2004 I II III IV 5.1 3.9 4.5 2.9 0.7 0.8 2.3 2.0 -4.2 -3.0 -2.1 -0.8 3.5 4.0 3.9 3.1 2.2 2.6 2.3 0.8 -1.6 0.1 -0.6 0.2 6.5 2.8 4.1 2.7 1.2 1.0 1.1 1.1 ANNUAL 4.1 1.5 -2.6 3.6 2.0 -0.5 4.0 1.1 I II III IV 2.0 3.3 4.8 4.7 1.5 2.2 4.1 4.5 -0.6 -1.0 r-0.6 -0.2 3.0 3.5 4.4 5.2 0.1 1.3 2.1 3.3 0.9 0.2 -0.4 0.5 2.8 2.9 4.2 2.3 1.6 1.2 1.3 1.2 ANNUAL 3.7 3.1 -0.6 4.0 1.7 0.3 3.1 1.3 I II III IV r4.0 r3.8 r1.5 1.8 r4.8 r5.0 r3.3 r3.5 0.8 1.2 1.8 1.7 r3.8 3.4 r3.4 r3.9 r1.9 0.6 r0.6 r0.5 r-0.3 r-0.3 r1.9 r2.1 r4.6 r6.6 r3.5 r5.0 1.6 r2.2 2.5 3.2 ANNUAL r2.7 r4.1 1.4 3.6 0.9 r0.9 r4.9 2.4 -------------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 19 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 2002 2003 2004 I II III IV r147.0 r149.9 r152.3 r154.1 r134.2 r136.0 r136.9 r136.6 r91.2 r90.7 r89.8 r88.7 r144.6 r147.6 r149.1 r150.1 r116.3 r117.8 r118.3 r118.4 r98.3 r98.4 r97.9 r97.4 ANNUAL r150.8 r135.9 r90.1 r147.8 r117.7 r98.0 I II III IV r157.3 r159.2 r162.4 r161.8 r137.3 r136.5 r137.2 r138.0 r87.3 r85.8 r84.5 r85.3 r154.5 r157.2 r159.4 r161.8 r120.8 r122.8 r123.7 r125.3 r98.2 r98.8 r98.1 r100.0 ANNUAL r160.1 r137.3 r85.7 r158.2 r123.1 r98.8 I II III IV r161.2 r162.7 r163.8 r166.4 r138.4 r139.1 r140.0 r141.1 r85.8 r85.5 r85.5 r84.8 r156.8 r159.8 r163.5 r165.8 r120.4 r121.4 r123.6 r124.2 r97.2 r98.2 r99.8 r99.7 ANNUAL r163.5 r139.7 r85.4 r161.5 r122.4 r98.7 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2002 2003 2004 I II III IV r9.4 r8.1 r6.6 r4.7 r2.3 r5.7 r2.6 r-0.8 r-6.5 r-2.3 r-3.8 r-5.2 17.1 8.7 4.2 2.8 15.4 5.3 2.0 0.3 r7.0 r0.6 r-2.3 r-1.8 ANNUAL r6.9 r-0.7 -7.1 7.3 5.6 r0.3 I II III IV r8.7 r4.7 r8.4 r-1.5 r2.1 r-2.3 r1.9 r2.6 r-6.1 r-6.7 -6.0 r4.1 12.2 7.2 5.5 6.4 8.2 6.9 3.0 5.3 r3.3 r2.4 r-2.7 r8.0 ANNUAL 6.2 1.0 -4.9 7.0 4.7 0.8 I II III IV r-1.4 r3.6 r2.8 r6.4 r1.1 r2.1 r2.4 r3.3 r2.5 r-1.4 r-0.4 r-2.9 r-11.9 r7.8 r9.8 r5.6 r-14.9 r3.5 r7.4 r2.0 r-10.7 r4.1 r6.8 r-0.7 ANNUAL r2.1 r1.8 r-0.3 2.0 r-0.6 r-0.1 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2002 2003 2004 I II III IV r5.4 r6.8 r8.2 7.2 r-4.5 r-1.5 r1.1 r2.4 r-9.3 -7.8 -6.6 r-4.5 4.7 7.5 8.8 8.0 3.4 6.1 7.2 5.6 r-0.6 r0.6 r0.6 r0.8 ANNUAL r6.9 r-0.7 -7.1 7.3 5.6 r0.3 I II III IV r7.0 r6.1 r6.6 r5.0 r2.4 0.4 0.2 r1.0 -4.3 -5.4 -6.0 r-3.8 6.9 6.5 6.9 7.8 3.9 4.3 r4.6 5.8 r-0.1 r0.4 0.3 2.7 ANNUAL 6.2 1.0 -4.9 7.0 4.7 0.8 I II III IV r2.5 r2.2 r0.9 r2.8 r0.8 r1.9 r2.0 r2.2 r-1.6 r-0.3 r1.2 r-0.6 r1.5 1.6 r2.6 r2.4 r-0.4 r-1.1 r-0.1 r-0.9 r-1.0 r-0.6 r1.7 r-0.4 ANNUAL r2.1 r1.8 r-0.3 2.0 r-0.6 r-0.1 ------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 20 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 2002 2003 2004 I II III IV r165.1 r169.0 r172.5 r175.8 r156.7 r159.7 r161.3 r161.3 r94.9 r94.5 r93.5 r91.7 141.9 r145.0 r146.1 r147.3 r114.1 r115.7 r116.0 r116.2 r85.9 r85.8 r84.7 r83.8 ANNUAL r170.5 r159.8 r93.7 r145.0 r115.4 r85.1 I II III IV r179.0 r181.0 r185.9 r184.9 r161.7 r160.5 r162.2 r163.7 r90.4 r88.7 r87.2 r88.5 r153.0 r155.8 r158.0 160.5 r119.6 r121.7 r122.7 124.3 r85.5 r86.1 r85.0 r86.8 ANNUAL r182.6 r162.0 r88.7 r156.8 r122.0 r85.8 I II III IV r183.8 r184.4 r185.1 r187.9 r164.8 r165.0 r166.1 r167.4 r89.6 r89.5 r89.7 r89.1 r152.3 r155.6 r159.6 r161.2 r116.9 r118.2 r120.6 r120.8 r82.8 r84.3 r86.2 r85.8 ANNUAL r185.3 r165.8 r89.5 r157.2 r119.1 r84.8 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2002 2003 2004 I II III IV r10.6 r9.9 r8.5 r8.0 r2.5 r7.8 r4.1 r0.0 r-7.3 r-1.8 r-4.0 r-7.4 12.0 9.2 3.0 3.2 10.4 5.8 0.8 0.7 r1.3 r-0.6 r-5.1 r-4.4 ANNUAL r7.5 r-1.4 r-8.2 6.4 4.7 r-1.1 I II III IV r7.3 r4.5 r11.3 r-2.1 r1.0 r-3.0 r4.2 r3.9 r-5.9 r-7.2 r-6.4 6.1 16.6 7.4 5.8 r6.4 12.5 7.0 3.3 r5.3 r8.7 r2.7 r-4.9 r8.6 ANNUAL r7.1 r1.4 -5.3 8.1 5.7 r0.9 I II III IV r-2.2 r1.3 r1.4 r6.2 r2.7 r0.4 r2.7 r3.2 r5.1 r-0.9 r1.3 r-2.9 r-18.8 r8.8 r10.7 r4.2 r-21.6 r4.5 r8.3 r0.6 r-17.0 r7.4 r9.2 r-1.9 ANNUAL r1.5 r2.3 r0.9 r0.2 r-2.4 r-1.2 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2002 2003 2004 I II III IV r4.9 r7.0 r8.9 r9.2 r-6.7 r-2.8 r0.9 r3.6 r-11.0 r-9.1 -7.3 r-5.2 4.1 6.8 7.8 6.8 2.8 5.4 6.1 4.4 r-0.7 r-0.2 r-1.0 r-2.2 ANNUAL r7.5 r-1.4 r-8.2 6.4 4.7 r-1.1 I II III IV r8.4 r7.1 r7.8 r5.2 r3.2 r0.5 r0.5 1.5 -4.8 -6.1 -6.7 r-3.5 7.9 7.4 r8.1 9.0 4.9 5.2 5.8 7.0 r-0.5 r0.3 r0.4 r3.6 ANNUAL r7.1 r1.4 -5.3 8.1 5.7 r0.9 I II III IV r2.7 r1.9 r-0.4 r1.6 r1.9 r2.8 r2.4 r2.3 r-0.8 r0.8 r2.9 r0.6 r-0.5 r-0.1 r1.0 r0.5 r-2.3 r-2.8 r-1.7 r-2.8 r-3.1 r-2.0 r1.4 r-1.1 ANNUAL r1.5 r2.3 r0.9 r0.2 r-2.4 r-1.2 ------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 21 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 2002 2003 2004 I II III IV r128.5 r130.5 r131.9 r131.7 r110.1 r111.0 r111.2 r110.6 r85.7 r85.0 r84.3 r84.0 r148.1 r150.9 r153.3 r154.2 r119.1 r120.4 r121.7 r121.6 r115.3 r115.6 r116.2 r117.1 ANNUAL r130.7 r110.7 r84.8 r151.6 r120.7 r116.0 I II III IV r134.9 r136.5 r138.1 r138.2 r111.5 r111.1 r110.9 r111.2 r82.6 r81.4 r80.3 r80.5 r155.9 r158.5 r160.5 162.8 r121.8 r123.8 r124.6 r126.1 r115.5 r116.2 r116.2 r117.8 ANNUAL r136.9 r111.1 r81.2 r159.4 r124.1 r116.4 I II III IV r138.6 r140.9 r142.8 r145.1 r111.0 r112.2 r112.8 r113.8 r80.1 r79.6 r79.0 r78.4 r163.7 r166.0 r169.1 r172.6 r125.7 r126.2 r127.8 r129.3 r118.1 r117.9 r118.4 r119.0 ANNUAL r141.8 r112.4 r79.3 r167.8 r127.2 r118.3 -------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2002 2003 2004 I II III IV r8.2 r6.4 r4.2 r-0.5 2.5 r3.3 r0.7 r-1.9 r-5.3 r-2.9 -3.4 r-1.4 27.8 7.6 6.5 2.4 26.0 4.3 4.3 -0.1 r18.1 r1.2 r2.2 r2.9 ANNUAL 5.7 0.3 -5.1 9.4 7.6 r3.4 I II III IV r10.1 r4.7 r4.9 r0.2 r3.1 r-1.5 r-0.8 r1.2 r-6.4 -5.9 r-5.4 r1.0 4.4 7.1 r5.0 5.8 0.7 r6.8 r2.5 4.7 r-5.2 r2.3 r0.1 r5.7 ANNUAL r4.8 r0.4 -4.2 5.1 2.8 r0.3 I II III IV r1.1 r6.9 r5.4 r6.6 r-0.6 r4.4 r2.1 r3.5 r-1.7 r-2.3 r-3.2 -2.9 r2.2 r5.9 r7.6 r8.4 r-1.3 r1.7 r5.2 r4.7 r1.0 r-0.9 r2.0 r1.7 ANNUAL r3.6 r1.2 r-2.3 r5.3 r2.5 r1.6 -------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2002 2003 2004 I II III IV 5.2 6.0 7.2 r4.5 -1.5 0.4 1.4 r1.1 -6.4 r-5.4 r-5.3 -3.3 6.4 9.3 11.1 10.7 5.1 7.9 9.4 8.2 r1.2 3.1 3.7 r5.9 ANNUAL 5.7 0.3 -5.1 9.4 7.6 r3.4 I II III IV r5.0 r4.5 r4.7 r4.9 r1.3 r0.1 r-0.3 r0.5 -3.5 -4.3 r-4.8 r-4.2 5.2 5.1 4.7 5.6 2.3 2.9 2.4 3.7 r0.2 r0.5 r0.0 r0.6 ANNUAL r4.8 r0.4 -4.2 5.1 2.8 r0.3 I II III IV r2.7 r3.2 r3.4 r5.0 r-0.4 r1.0 r1.8 r2.3 r-3.0 r-2.1 r-1.6 r-2.5 r5.0 r4.7 r5.4 r6.0 r3.1 r1.9 r2.6 r2.5 2.3 r1.4 r1.9 r1.0 ANNUAL r3.6 r1.2 r-2.3 r5.3 r2.5 r1.6 ------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 22 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 2002 2003 2004 I II III IV r127.3 129.3 r130.6 r131.6 149.3 151.3 152.2 153.0 r117.3 117.0 r116.6 r116.3 r141.6 143.5 r144.4 r144.9 r113.9 114.5 r114.6 r114.3 111.2 111.0 110.6 110.1 113.0 110.7 110.0 109.6 111.7 110.9 110.5 110.0 85.8 94.5 100.3 111.2 109.4 109.4 109.5 110.1 ANNUAL 129.7 151.5 116.8 143.6 114.3 110.7 110.8 110.7 98.0 109.6 I II III IV r132.1 r133.8 135.9 r136.6 152.3 153.6 155.9 157.5 r115.3 r114.8 114.7 r115.3 r146.2 r148.8 150.8 r152.0 r114.3 r116.2 117.1 r117.7 110.7 111.2 111.0 111.2 112.6 111.0 110.7 110.0 111.2 111.2 110.9 110.9 102.9 105.7 112.8 117.8 110.5 110.7 111.1 111.5 ANNUAL 134.6 154.8 115.0 149.5 116.3 111.0 111.1 111.0 109.9 110.9 I II III IV r137.4 r138.9 r140.7 r140.2 r159.4 r161.5 r164.4 r164.5 r116.1 r116.2 r116.8 r117.3 r150.8 r152.8 r154.9 r156.9 r115.8 r116.2 r117.1 r117.6 r109.8 r110.0 r110.1 r111.9 r109.6 r109.4 r109.2 r109.7 r109.7 r109.8 r109.8 r111.3 r135.2 r145.8 r150.6 r148.4 112.0 r113.1 r113.5 r114.6 ANNUAL r139.3 r162.4 r116.6 r153.9 r116.7 r110.5 r109.5 r110.2 r145.1 113.3 ---------------------------------------------------------------------------------------------------------Percent change from previous quarter at annual rate(5) 2002 2003 2004 I II III IV 5.2 6.4 4.0 3.1 2.9 5.6 2.3 2.0 -2.2 -0.8 -1.5 -1.1 2.5 5.4 2.7 1.2 1.1 2.1 0.5 -1.3 -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 4.0 0.9 -3.0 3.6 1.9 -0.4 -1.6 -0.7 19.2 0.6 I II III IV 1.6 5.3 6.3 2.3 -1.8 3.6 6.1 4.3 -3.3 -1.6 -0.2 2.0 3.9 7.3 5.4 r3.1 0.2 6.9 2.9 2.1 2.3 1.9 -0.8 0.9 11.4 -5.6 -1.2 -2.5 4.7 -0.2 -0.9 -0.1 -26.5 11.3 29.4 18.9 1.5 0.7 1.4 1.6 ANNUAL 3.8 2.2 -1.5 4.1 1.8 0.3 0.2 0.3 12.1 1.2 I II III IV r2.2 r4.7 r5.2 r-1.4 r4.8 r5.3 r7.5 r0.1 2.6 0.6 2.2 1.5 r-3.0 r5.5 r5.5 r5.3 r-6.3 r1.3 r3.2 r1.7 r-5.0 r0.8 r0.3 r6.9 r-1.5 r-0.6 r-0.8 r2.0 r-4.1 r0.4 r0.0 r5.5 r73.6 r35.4 r13.8 r-5.7 1.8 r3.8 r1.5 r4.1 ANNUAL r3.5 r4.9 1.4 r3.0 r0.3 r-0.5 r-1.4 r-0.8 r32.0 2.1 ---------------------------------------------------------------------------------------------------------Percent change from corresponding quarter of previous year 2002 2003 2004 I II III IV 3.0 3.8 4.6 4.7 -1.7 0.2 1.9 3.2 -4.5 -3.5 -2.6 -1.4 3.6 4.0 3.7 2.9 2.4 2.6 2.1 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 4.0 0.9 -3.0 3.6 1.9 -0.4 -1.6 -0.7 19.2 0.6 I II III IV 3.8 3.5 4.1 3.8 2.0 1.5 2.4 3.0 -1.7 -1.9 -1.6 -0.8 3.3 3.7 4.4 4.9 0.4 1.5 2.1 3.0 -0.5 0.2 0.3 1.0 -0.4 0.3 0.6 0.3 -0.4 0.2 0.4 0.8 20.0 11.9 12.4 5.9 1.0 1.1 1.4 1.3 ANNUAL 3.8 2.2 -1.5 4.1 1.8 0.3 0.2 0.3 12.1 1.2 I II III IV 4.0 r3.8 r3.6 r2.6 4.7 r5.1 r5.5 r4.4 0.7 1.2 1.8 1.7 r3.1 r2.7 2.7 3.3 r1.3 r-0.1 0.0 -0.1 r-0.8 r-1.1 r-0.8 r0.6 r-2.7 r-1.4 r-1.4 r-0.2 r-1.3 r-1.2 r-1.0 r0.4 r31.3 r37.9 r33.5 r26.0 1.4 2.2 2.2 2.8 ANNUAL r3.5 r4.9 1.4 r3.0 r0.3 r-0.5 r-1.4 r-0.8 r32.0 2.1 --------------------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 23 Appendix table 7. Manufacturing sector: Productivity, hourly compensation, and unit labor costs Indexes 1992=100 Real Output per Hours CompensacompensaUnit hour of of all tion per tion per labor Year all persons Output persons hour (1) hour (2) costs ----------------------------------------------------------------------------------------------1987 r89.0 r92.4 r103.8 r81.3 r98.0 r91.3 1988 r90.9 r97.2 r106.9 r84.1 r97.8 r92.5 1989 r91.8 r98.8 r107.6 r86.6 r96.6 r94.3 1990 1991 1992 1993 1994 r93.9 r96.3 100.0 r102.5 r106.1 r98.5 r96.8 100.0 r103.9 r110.1 r104.9 r100.5 100.0 r101.3 r103.7 90.5 r95.6 100.0 r102.0 r105.3 r96.1 r98.0 100.0 r99.5 r100.6 r96.4 r99.2 100.0 r99.5 r99.2 1995 1996 1997 1998 1999 r110.9 r114.9 r121.3 r127.9 r133.5 r115.8 r119.8 r128.6 r135.2 r140.3 r104.4 r104.2 r106.0 r105.8 r105.1 r107.3 r109.3 r112.2 r118.7 r123.4 r100.1 r99.4 r99.8 r104.2 r106.0 r96.7 r95.1 r92.5 r92.9 r92.4 2000 2001 2002 2003 2004 r138.9 r141.1 r150.8 r160.1 r163.5 r144.2 r136.8 r135.9 r137.3 r139.7 r103.8 r97.0 r90.1 r85.7 r85.4 r134.7 r137.8 r147.8 r158.2 r161.5 r112.0 r111.5 r117.7 r123.1 r122.4 r97.0 r97.7 r98.0 r98.8 r98.7 2005 r171.3 r144.6 r84.4 r168.3 r123.4 r98.2 2006 r178.2 r151.7 r85.1 r172.4 r122.5 r96.8 ---------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics Appendix table 8. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs Indexes 1992=100 Real Output per Hours CompensacompensaUnit hour of of all tion per tion per labor Year all persons Output persons hour (1) hour (2) costs ----------------------------------------------------------------------------------------------1987 r88.5 r94.2 r106.5 r81.2 r98.0 r91.8 1988 r90.4 r100.0 r110.7 r83.6 r97.3 r92.5 1989 r91.1 r101.1 r111.0 r85.9 r95.8 r94.3 1990 1991 1992 1993 1994 r92.9 r94.6 100.0 r103.9 r109.0 r99.8 r96.0 100.0 r105.4 r114.2 r107.4 r101.4 100.0 r101.4 r104.8 r89.5 r94.9 100.0 r101.9 r105.4 r95.0 r97.3 100.0 r99.4 r100.7 r96.3 100.3 100.0 r98.1 r96.7 1995 1996 1997 1998 1999 r115.9 r122.0 r130.5 r140.5 r150.5 r123.3 r131.0 144.0 r156.0 r166.4 r106.4 r107.3 r110.4 r111.0 r110.6 r106.7 r108.1 r110.6 r117.1 r122.4 r99.5 r98.2 r98.4 r102.7 r105.1 r92.1 r88.6 r84.8 r83.3 r81.3 2000 2001 2002 2003 2004 r157.7 r158.6 r170.5 r182.6 r185.3 r173.5 r161.9 r159.8 r162.0 r165.8 r110.0 r102.1 r93.7 r88.7 r89.5 r134.2 r136.4 r145.0 r156.8 r157.2 r111.6 r110.3 r115.4 r122.0 r119.1 r85.1 r86.0 r85.1 r85.8 r84.8 2005 r195.1 r174.1 r89.2 r163.2 r119.7 r83.6 2006 r207.4 r187.2 r90.2 r168.4 r119.6 r81.2 ---------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics 24 Appendix table 9. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs Indexes 1992=100 Real Output per Hours CompensacompensaUnit hour of of all tion per tion per labor Year all persons Output persons hour (1) hour (2) costs ----------------------------------------------------------------------------------------------1987 r91.3 r91.1 r99.7 80.8 97.4 r88.5 1988 r93.2 r94.5 r101.4 r84.2 r98.0 r90.4 1989 r94.0 r96.4 r102.6 r87.2 r97.2 r92.7 1990 1991 1992 1993 1994 r95.9 r98.3 100.0 r101.1 r103.4 r97.1 r97.4 100.0 r102.4 r105.7 r101.2 r99.1 100.0 r101.2 r102.2 r91.7 r96.5 100.0 r102.3 r104.7 r97.4 r99.0 100.0 r99.7 r100.1 r95.6 r98.2 100.0 r101.1 r101.3 1995 1996 1997 1998 1999 r106.1 r108.3 r112.8 r115.8 r116.9 r107.7 r107.8 r112.2 r113.4 r113.3 r101.5 r99.5 r99.4 r97.9 r96.9 r107.8 r110.8 r114.1 r120.3 r123.6 r100.6 r100.7 r101.5 r105.6 r106.2 r101.6 r102.3 r101.1 r103.9 r105.7 2000 2001 2002 2003 2004 r120.8 r123.6 r130.7 r136.9 r141.8 r114.1 r110.4 r110.7 r111.1 r112.4 r94.4 r89.3 r84.8 r81.2 r79.3 r133.2 r138.6 r151.6 r159.4 r167.8 r110.8 r112.1 r120.7 r124.1 r127.2 r110.3 r112.2 r116.0 r116.4 r118.3 2005 r148.6 r114.6 r77.1 r175.8 r129.0 r118.3 2006 r151.0 r117.0 r77.5 r177.8 r126.3 r117.7 ---------------------------------------------------------------------------------------------See footnotes following Table 6. August 7, 2007 r=revised Source: Bureau of Labor Statistics
@FedFRASER