News

Bureau of Labor Statistics Washington, D.C. 20212 

United States 

Department 

of Labor 

Internet address: http://www.bls.gov/lpc/ USDL 09-0223 

Historical, technical TRANSMISSION OF THIS 

 information: (202) 691-5606 MATERIAL IS EMBARGOED 

Current data: (202) 691-5200 UNTIL 8:30 A.M. EST, 

Media contact: (202) 691-5902 THURSDAY, MARCH 5, 2009 

PRODUCTIVITY AND COSTS 

Fourth Quarter and Annual Averages, 2008 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 2008. Percent changes in 

business and nonfarm business productivity were: 

 Fourth Annual averages 

quarter 2007-2008 

Business sector...................................... -0.4 2.7 

Nonfarm Business sector ...................... -0.4 2.8 

Productivity growth for the fourth quarter of 2008 was revised down by 3.5 percentage 

points in the business sector and 3.6 percentage points in the nonfarm business sector from the 

estimates published February 5. In both sectors output was revised down by 3.2 percentage 

points and hours were revised up by 0.1 percentage point. Productivity growth during calendar 

year 2008 was not revised in either sector. 

 In the manufacturing sector, percent changes in productivity were: 

 Fourth Annual averages 

quarter 2007-2008 

Manufacturing sector .............................. -4.0 1.5 

 Durable goods manufacturing............... -14.8 1.6 

 Nondurable goods manufacturing......... 7.6 1.0 

Data in this release reflect annual benchmark revision of BLS Current Employment Statistics 

program data on nonfarm employee hours, and revised seasonal adjustment of those data. Also, 

hours of other nonfarm and farm workers based on the BLS Current Population Survey 

incorporate new seasonal adjustment factors. Due to these revisions, hours measures for all 

major sectors were revised back to the first quarter of 2004 and appear in detail in tables 1 

through 6 and appendix tables 1 through 6. See Revised Measures, page 7. 
2 

In the manufacturing sector, productivity fell 1.0 percentage point more than was 

reported Feb. 5, as a 1.0 percentage point downward revision to output was partially offset by a 

0.1 percentage point downward revision to hours. Annual average growth in manufacturing 

productivity from 2007 to 2008 was revised up by 0.2 percentage point. 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. 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 2008 measures 

(Seasonally adjusted annual rates) 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

 Percent change from preceding quarter 

 Business -0.4 -8.4 -8.0 5.0 15.6 5.4 

 Nonfarm Business -0.4 -8.7 -8.3 5.3 15.9 5.7 

 Manufacturing -4.0 -17.7 -14.2 10.1 21.2 14.7 

 Durable -14.8 -26.9 -14.2 10.1 21.2 29.1 

 Nondurable 7.6 -7.7 -14.2 10.1 21.3 2.3 

 Percent change from same quarter a year ago 

 Business 2.2 -1.8 -3.9 4.0 2.5 1.8 

 Nonfarm Business 2.2 -1.8 -4.0 4.1 2.5 1.8 

 Manufacturing -1.1 -8.0 -6.9 5.6 4.0 6.8 

 Durable -3.5 -10.6 -7.4 6.0 4.4 9.8 

 Nondurable 0.8 -5.3 -6.1 4.9 3.3 4.1 

 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. 

Business 

 Productivity in the business sector decreased 0.4 percent in the fourth quarter of 2008, as 

output decreased 8.4 percent and hours of all persons decreased 8.0 percent (seasonally adjusted 

annual rates). The decline in output was the largest since the first quarter of 1982 (-8.6 percent) 
3 

and the decline in hours was the largest since the first quarter of 1975 (-12.1 percent). When the 

fourth quarter of 2008 is compared to the fourth quarter of 2007 output per hour increased 2.2 

percent (tables A and 1). 

 Hourly compensation grew at a 5.0 percent annual rate in the fourth quarter. This 

measure includes wages and salaries, supplements, employer contributions to employee-benefit 

plans, and taxes. Real hourly compensation increased 15.6 percent in the fourth quarter. This 

measure takes into account changes in consumer prices, which fell at a 9.2 percent annual rate in 

the fourth quarter. 

Unit labor costs, which reflect changes in hourly compensation and productivity, 

increased 5.4 percent during the fourth quarter, after rising 3.3 percent in the third quarter. The 

implicit price deflator for business sector output edged down 0.1 percent in the fourth quarter of 

2008, but increased 1.7 percent from the same quarter a year ago. 

Nonfarm Business 

In the nonfarm business sector, productivity decreased at an annual rate of 0.4 percent in 

the fourth quarter of 2008, as output decreased 8.7 percent and hours of all persons—employees, 

proprietors, and unpaid family workers—decreased 8.3 percent. As in the business sector, the 

decline in nonfarm business output was the largest since the first quarter of 1982 (-8.7 percent) 

and the decline in hours was the largest since the first quarter of 1975 (-12.0 percent). 

Productivity increased 2.2 percent during the last four quarters (chart 1 and table 2). 

 Hourly compensation grew 5.3 percent in the fourth quarter of 2008. Real hourly 

compensation rose steeply, 15.9 percent, when the 9.2 percent decrease in consumer prices was 

taken into account. This was the largest increase in the real hourly compensation series, which 

begins in the second quarter of 1947. As in the business sector, real hourly compensation rose 

2.5 percent during the past four quarters. 

Unit labor costs increased 5.7 percent in the fourth quarter and 1.8 percent over the last 

four quarters (chart 2). The implicit price deflator for nonfarm business increased 0.5 percent in 

the fourth quarter after increasing 4.7 percent in the previous quarter. 

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2001 2002 2003 2004 2005 2006 2007 2008

Percent change

From previous quarter, compound annual rate

From same quarter a year ago

Chart 1. Output per Hour, Nonfarm Business, all persons, 2001:1-2007:4 Chart 1. Output per Hour, Nonfarm Business, all persons, 2001:1-2008:4

 

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2001 2002 2003 2004 2005 2006 2007 2008

Percent change

From previous quarter, compound annual rate

From same quarter a year ago

Chart 2. Unit Labor Costs, Nonfarm Business, all persons, 2001:1-2008:4
4 

Manufacturing 

Manufacturing productivity, output, and hours all declined in the fourth quarter of 2008; 

output per hour fell 4.0 percent, output dropped 17.7 percent, and hours fell 14.2 percent. These 

were the largest declines for each of these series, which begin with data for the second quarter of 

1987. From the fourth quarter of 2007 to the fourth quarter of 2008 manufacturing productivity 

decreased 1.1 percent, output fell 8.0 percent and hours fell 6.9 percent (table A and chart 3). 

 In the durable goods manufacturing sector, productivity dropped 14.8 percent in the 

fourth quarter of 2008, as output fell 26.9 percent and hours declined 14.2 percent. These were 

the largest decreases in output and output per hour for the entire series beginning in the second 

quarter of 1987. In the nondurable goods sector, productivity rose 7.6 percent in the fourth 

quarter as hours fell faster than output; output declined 7.7 percent and hours fell 14.2 percent. 

 Hourly compensation of all manufacturing workers increased 10.1 percent during the 

fourth quarter of 2008, and after taking into account the 9.2 percent decrease in consumer prices, 

real hourly compensation in manufacturing rose a series-high 21.2 percent. Hourly 

compensation also rose 10.1 percent in durable and nondurable manufacturing; real hourly 

compensation increased 21.2 percent and 21.3 percent, respectively. 

Unit labor costs in manufacturing increased 14.7 percent in the fourth quarter of 2008. 

These cost increases were concentrated in durable goods manufacturing where unit labor costs 

rose 29.1 percent; unit labor costs rose 2.3 percent in nondurable goods industries. Over the last 

four quarters manufacturing unit labor costs increased 6.8 percent. 

-16.0

-12.0

-8.0

-4.0

0.0

4.0

8.0

12.0

16.0

2001 2002 2003 2004 2005 2006 2007 2008

Percent change

From previous quarter, compound annual rate

From same quarter a year ago

Chart 3. Output per Hour, Manufacturing, all persons, 2001:1-2008:4

 -16.0

-12.0

-8.0

-4.0

0.0

4.0

8.0

12.0

16.0

2001 2002 2003 2004 2005 2006 2007 2008

Percent change

From previous quarter, compound annual rate

From same quarter a year ago

Chart 4. Unit Labor Costs, Manufacturing, all persons, 2001:1-2008:4
5 

ANNUAL AVERAGE CHANGES, 2007-2008

Business and Nonfarm Business 

When annual averages for 2008 were compared with annual averages for 2007, labor 

productivity increased 2.7 percent in the business sector and 2.8 percent in the nonfarm business 

sector (table B). In both sectors, the productivity gains were the largest since 2004, due more to 

declines in hours than the small gains in output, and were larger than the 2.5 percent average 

annual increase during the 2000-2007 period. 

 In 2008, hourly compensation increased 3.6 percent and 3.7 percent in the business and 

nonfarm business sectors, respectively. Because consumer prices increased more, 3.8 percent, 

real hourly compensation fell slightly. The annual decline in this measure of purchasing power 

was the first since small declines occurred in three consecutive years—1993, 1994, and 1995. 

 Unit labor costs rose just 0.9 percent in both the business and nonfarm business sectors 

during 2008, as hourly compensation growth was largely offset by productivity growth. Unit 

labor costs had increased 1.4 percent from 2000 to 2007 in both sectors. 

Table B. Productivity and costs: Revised 2008 annual averages 

(Seasonally adjusted annual rates)

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Percent change from previous year 

Business 2.7 0.8 -1.9 3.6 -0.2 0.9 

Nonfarm Business 2.8 0.8 -1.9 3.7 -0.1 0.9 

Manufacturing 1.5 -2.5 -3.9 4.0 0.2 2.5 

 Durable 1.6 -2.6 -4.2 4.2 0.3 2.5 

 Nondurable 1.0 -2.4 -3.4 3.8 0.0 2.8 

Manufacturing 

In the manufacturing sector, labor productivity rose 1.5 percent in 2008 as output fell 2.5 

percent but hours fell faster, 3.9 percent (table B). Durable manufacturing output per hour 

increased 1.6 percent as output fell 2.6 percent and hours fell 4.2 percent, while in nondurable 

goods industries productivity increased 1.0 percent, output fell 2.4 percent and hours fell 3.4 

percent. Total manufacturing productivity had grown at a 3.7 percent average annual rate from 

2000 to 2007. 
6 

Hourly compensation of manufacturing workers increased 4.0 percent in 2008, which is 

the same as the average annual rate of growth from 2000 to 2007. The gain in hourly 

compensation was offset by the 3.8 percent increase in consumer prices, and real hourly 

compensation edged up 0.2 percent. Unit labor costs in manufacturing increased 2.5 percent in 

2008, as hourly compensation increased more than productivity. These costs had increased at a 

0.3 percent average annual rate from 2000 to 2007. 

Table C. Previous and revised productivity and related measures: 

Fourth-quarter 2008, third-quarter 2008, and annual averages 2008 

(Seasonally adjusted annual rates) 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Percent change, fourth quarter 2008 

Business: 

 Previous........................ 3.1 -5.2 -8.1 4.7 15.3 1.5 

 Revised......................... -0.4 -8.4 -8.0 5.0 15.6 5.4 

Nonfarm Business: 

 Previous........................ 3.2 -5.5 -8.4 5.0 15.6 1.8 

 Revised......................... -0.4 -8.7 -8.3 5.3 15.9 5.7 

Manufacturing: 

 Previous........................ -3.0 -16.7 -14.1 9.8 20.9 13.3 

 Revised......................... -4.0 -17.7 -14.2 10.1 21.2 14.7 

Percent change, third quarter 2008 

Business: 

 Previous........................ 1.7 -1.8 -3.5 4.2 -2.3 2.5 

 Revised......................... 2.3 -1.8 -4.0 5.7 -1.0 3.3 

Nonfarm Business: 

 Previous........................ 1.5 -1.9 -3.4 4.2 -2.4 2.6 

 Revised......................... 2.2 -1.9 -3.9 5.7 -0.9 3.5 

Manufacturing: 

 Previous........................ -3.3 -8.8 -5.7 4.9 -1.7 8.4 

 Revised......................... -2.2 -8.6 -6.5 5.4 -1.3 7.8 

Percent change, 2007 – 2008 

Business: 

 Previous........................ 2.7 1.0 -1.7 3.3 -0.5 0.6 

 Revised......................... 2.7 0.8 -1.9 3.6 -0.2 0.9 

Nonfarm Business: 

 Previous........................ 2.8 1.0 -1.8 3.4 -0.4 0.5 

 Revised......................... 2.8 0.8 -1.9 3.7 -0.1 0.9 

Manufacturing: 

 Previous........................ 1.3 -2.4 -3.7 3.9 0.1 2.5 

 Revised......................... 1.5 -2.5 -3.9 4.0 0.2 2.5 
7 

Revised Measures 

Quarterly and annual measures for all sectors were revised back to 2004 to incorporate 

the annual benchmark adjustment and updated information on seasonal trends from the BLS 

nonfarm payroll series (table C and appendix tables 1-5). Hours and related measures for the 

business and nonfarm business sectors were revised to incorporate updated information on 

seasonal trends in Current Population Survey data on hours worked. Full quarterly and annual 

historical series are available on the BLS website, http://www.bls.gov/lpc/#data . 

Previous and revised productivity and related data for the third quarter, fourth quarter, 

and full year 2008 for business, nonfarm business, and manufacturing are displayed in Table C. 

In the business and nonfarm business sectors, productivity declined 0.4 percent in the fourth 

quarter of 2008, rather than increasing as reported Feb. 5. In both sectors, this resulted from a 

3.2 percentage points downward revision to output, with hours little changed. Also in both 

sectors, the downward revisions to productivity and the 0.3 percentage point upward revisions to 

hourly compensation resulted in upward revisions to unit labor costs of 3.9 percentage points. 

In the manufacturing sector, fourth-quarter productivity growth was revised down from 

-3.0 percent to -4.0 percent, due to the 1.0 percentage point downward revision to output; hours 

were revised down slightly. The combination of the downward revision to productivity and a 

small upward revision to hourly compensation led to an upward revision in unit labor costs from 

13.3 percent to 14.7 percent. 

 

Productivity growth was revised up in the business and nonfarm business sectors for the 

third quarter, due solely to downward revisions to hours; output was not revised. In the 

manufacturing sector, productivity declined less than previously reported, reflecting a downward 

revision to hours and a slight upward revision to output. Unit labor costs were revised up in the 

business and nonfarm business sectors for the third quarter, while they were revised down in the 

manufacturing sector. 

For the year 2008, productivity grew at the same rates reported Feb. 5 in both the 

business and nonfarm business sectors—2.7 percent and 2.8 percent, respectively. Because 

hourly compensation was revised up in these two sectors, unit labor costs were revised up as 

well. In the manufacturing sector, an upward revision to productivity was offset by an upward 

revision to hourly compensation, leading to unit labor costs not being revised. 
8 

Revised measures: Nonfinancial corporations 

 Measures for the nonfinancial corporate sector also were revised today to incorporate 

new information regarding output and compensation in the third quarter of 2008. Productivity 

growth was revised up from the preliminary estimate due to an upward revision to output and a 

downward revision to hours. Hourly compensation had an upward revision which, when paired 

with the upward revision to productivity, led to a slight upward revision to unit labor costs. 

Table D. Nonfinancial corporations: Previous and revised productivity and cost measures 

Quarterly percent c anges at e h s asonally adjusted annual rates 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Unit 

profits 

Implicit 

price 

deflator

Third quarter 2008 

Previous 5.5 2.1 -3.2 5.1 -1.5 -0.4 26.8 3.8 

Revised 6.4 2.3 -3.9 6.1 -0.6 -0.3 26.5 3.8 

Next release date 

 The next release of Productivity and Costs is scheduled for 8:30 A.M. EDT, Thursday, 

May 7, 2009, and will present preliminary first-quarter 2009 measures for business, nonfarm 

business, and manufacturing. Fourth-quarter 2008 and annual average data for 2008 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 a chain-type, current-weighted index constructed after 

excluding from gross domestic product (GDP) the following outputs: general government, 

nonprofit institutions, and private households (including owner-occupied housing). 

Corresponding exclusions also are made in labor inputs. Business output accounted for about 78 

percent of the value of GDP in 2000. Nonfarm business, which 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 a chain-type, current-weighted index calculated on the 

basis of the costs incurred and the incomes earned from production. The output measure 

excludes the following outputs from GDP: general government; nonprofit institutions; private 

households; unincorporated business; and those corporations classified as offices of bank holding 
10 

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 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 Compensa- compensa- Unit Unit non- Implicit 

 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 

2006 I r135.9 162.8 r119.8 r167.8 r120.5 r123.5 r133.4 127.2 

 II r136.5 164.0 r120.1 r168.1 r119.6 r123.1 r136.3 128.0 

 III r136.0 164.1 r120.7 r169.0 r119.1 r124.3 r136.3 128.8 

 IV r135.9 164.8 r121.3 r172.6 r122.1 r127.0 r133.3 129.4 

 ANNUAL r136.1 163.9 r120.5 r169.4 r120.3 r124.5 r134.8 128.3 

2007 I r135.7 164.5 r121.3 r174.3 r122.2 r128.5 r134.3 130.7 

 II r137.5 166.8 r121.3 r175.4 r121.6 r127.5 r137.5 131.2 

 III r140.0 169.0 r120.8 r177.4 r122.1 r126.7 r139.8 131.6 

 IV r139.6 168.8 r120.9 r178.9 r121.7 r128.2 r139.0 132.2 

 ANNUAL r138.2 167.3 r121.1 r176.5 r121.9 r127.7 r137.7 131.4 

2008 I r140.4 169.1 r120.4 r180.5 r121.5 r128.6 r140.2 132.9 

 II r142.0 170.2 r119.9 r181.3 r120.6 r127.7 r142.4 133.2 

 III r142.8 169.4 r118.6 r183.9 r120.3 r128.8 r144.3 134.6 

 IV r142.6 r165.7 r116.2 r186.1 r124.7 r130.5 r141.3 r134.5 

 ANNUAL r141.9 r168.6 r118.8 r182.9 r121.7 r128.9 r142.0 r133.8 

--------------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

2006 I r2.0 5.6 r3.6 r4.8 r2.9 r2.7 r3.3 3.0 

 II r2.0 2.9 r0.9 r0.7 r-2.8 -1.2 r8.7 2.6 

 III r-1.6 0.3 r2.0 r2.3 r-1.7 r4.0 r0.1 2.4 

 IV r-0.3 1.7 r2.0 r8.8 r10.5 r9.2 r-8.5 1.9 

 ANNUAL 0.9 3.0 2.1 3.8 0.5 2.9 3.3 3.0 

2007 I r-0.7 -0.7 r0.0 r4.0 r0.3 r4.7 r3.0 4.0 

 II r5.7 5.6 r0.0 r2.4 r-2.1 r-3.1 r9.9 1.7 

 III r7.3 5.5 r-1.7 r4.6 r1.8 -2.5 r7.0 1.1 

 IV r-1.1 -0.6 r0.5 r3.7 r-1.3 r4.8 r-2.3 2.0 

 ANNUAL r1.6 2.0 0.5 4.2 1.3 2.6 2.1 2.4 

2008 I r2.2 0.7 r-1.5 r3.5 r-0.8 r1.2 r3.2 2.0 

 II r4.7 2.6 r-1.9 r1.9 r-3.0 r-2.6 r6.4 0.9 

 III r2.3 -1.8 r-4.0 r5.7 r-1.0 r3.3 r5.6 4.2 

 IV r-0.4 r-8.4 r-8.0 r5.0 r15.6 r5.4 r-8.1 r-0.1 

 ANNUAL 2.7 r0.8 r-1.9 r3.6 r-0.2 r0.9 r3.2 r1.8 

--------------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2006 I 1.3 3.6 2.3 r4.2 r0.4 2.9 r3.8 3.3 

 II 1.7 3.5 1.8 4.0 0.1 r2.2 r5.3 3.4 

 III r0.3 2.4 2.2 r3.0 -0.4 2.7 r3.4 3.0 

 IV 0.5 2.6 2.1 4.1 2.1 3.6 0.7 2.5 

 ANNUAL 0.9 3.0 2.1 3.8 0.5 2.9 3.3 3.0 

2007 I r-0.2 1.0 1.2 3.9 1.5 4.1 r0.6 2.7 

 II 0.7 1.7 1.0 r4.3 r1.6 3.6 0.9 2.5 

 III r2.9 3.0 r0.1 r4.9 r2.5 1.9 2.6 2.2 

 IV r2.7 2.4 -0.3 3.7 -0.3 0.9 4.3 2.2 

 ANNUAL r1.6 2.0 0.5 4.2 1.3 2.6 2.1 2.4 

2008 I r3.5 2.8 r-0.7 r3.5 r-0.6 0.0 4.4 1.7 

 II r3.2 2.0 r-1.2 r3.4 r-0.8 0.2 r3.5 1.5 

 III r2.0 0.2 -1.7 r3.7 r-1.5 r1.6 r3.2 2.3 

 IV r2.2 r-1.8 r-3.9 r4.0 r2.5 r1.8 r1.6 r1.7 

 ANNUAL 2.7 r0.8 r-1.9 r3.6 r-0.2 r0.9 r3.2 r1.8 

--------------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. March 5, 2009 

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 Compensa- compensa- Unit Unit non- Implicit 

 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 

2006 I r134.8 163.2 r121.0 r166.5 r119.6 r123.5 r135.5 127.9 

 II r135.6 164.3 r121.1 r167.0 r118.9 r123.1 r138.6 128.8 

 III r135.1 164.4 r121.7 r168.0 r118.4 r124.3 r138.4 129.5 

 IV r134.9 165.0 r122.3 r171.7 r121.4 r127.2 r134.7 130.0 

 ANNUAL r135.1 164.2 r121.5 r168.3 r119.5 r124.5 r136.8 129.1 

2007 I r134.7 164.7 r122.2 r173.4 r121.6 r128.7 r135.1 131.1 

 II r136.3 167.0 r122.5 r174.0 r120.6 r127.6 r138.3 131.5 

 III r138.7 169.2 r122.0 r175.8 r121.1 r126.8 r140.5 131.8 

 IV r138.5 168.9 r122.0 r177.8 r120.9 r128.4 r139.7 132.5 

 ANNUAL r137.0 167.5 r122.2 r175.2 r121.0 r127.9 r138.4 131.7 

2008 I r139.4 169.3 r121.5 r179.4 r120.8 r128.7 r141.0 133.2 

 II r141.0 170.5 r120.9 r180.2 r119.8 r127.8 r143.3 133.5 

 III r141.7 169.7 r119.7 r182.7 r119.5 r128.9 r145.6 135.0 

 IV r141.6 r165.8 r117.1 r185.0 r124.0 r130.7 r142.9 r135.2 

 ANNUAL r140.9 r168.8 r119.8 r181.8 r120.9 r129.0 r143.2 r134.2 

--------------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

2006 I r1.9 6.0 r4.0 r4.5 r2.6 2.6 r4.0 3.1 

 II r2.4 2.9 r0.4 r1.3 r-2.3 -1.1 r9.5 2.9 

 III r-1.6 0.3 r1.9 r2.3 r-1.7 r3.9 r-0.7 2.1 

 IV r-0.4 1.4 r1.9 r9.1 r10.8 r9.6 r-10.1 1.5 

 ANNUAL r0.9 3.2 2.2 3.8 0.5 2.8 3.6 3.1 

2007 I r-0.6 -0.9 r-0.2 r4.2 r0.5 r4.8 r1.2 3.4 

 II r4.8 5.8 r0.9 r1.3 r-3.2 r-3.3 r9.7 1.5 

 III r7.0 5.5 r-1.5 r4.4 r1.6 r-2.5 r6.4 0.9 

 IV r-0.5 -0.7 r-0.2 r4.4 r-0.5 r5.0 r-2.3 2.1 

 ANNUAL 1.4 2.0 0.5 4.1 r1.3 2.7 1.2 2.1 

2008 I 2.6 0.9 -1.7 r3.7 r-0.6 r1.1 r3.8 2.1 

 II r4.7 2.8 r-1.7 r1.7 r-3.2 r-2.8 r6.9 0.9 

 III r2.2 -1.9 r-3.9 r5.7 r-0.9 r3.5 r6.4 4.7 

 IV r-0.4 r-8.7 r-8.3 r5.3 r15.9 r5.7 r-7.1 r0.5 

 ANNUAL 2.8 r0.8 r-1.9 r3.7 r-0.1 r0.9 r3.5 r1.9 

--------------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2006 I 1.3 3.7 2.4 4.2 r0.4 2.9 4.3 3.4 

 II 1.7 3.7 2.0 3.9 0.0 2.2 5.9 3.6 

 III 0.3 2.6 2.3 2.9 r-0.4 2.6 3.8 3.1 

 IV 0.6 2.6 2.0 r4.2 2.2 r3.7 r0.4 2.4 

 ANNUAL r0.9 3.2 2.2 3.8 0.5 2.8 3.6 3.1 

2007 I r-0.1 0.9 1.0 r4.1 1.7 4.2 r-0.3 2.5 

 II 0.5 1.6 1.1 4.2 1.5 r3.6 -0.2 2.1 

 III r2.6 2.9 r0.3 r4.7 r2.3 2.0 1.5 1.8 

 IV r2.6 2.4 -0.3 3.6 -0.4 0.9 r3.6 2.0 

 ANNUAL 1.4 2.0 0.5 4.1 r1.3 2.7 1.2 2.1 

2008 I r3.5 2.8 r-0.6 r3.5 r-0.7 0.0 4.3 1.6 

 II r3.4 2.1 r-1.3 r3.6 r-0.7 0.1 r3.6 1.5 

 III 2.2 0.3 r-1.9 r3.9 r-1.3 r1.6 r3.6 2.4 

 IV r2.2 r-1.8 r-4.0 r4.1 r2.5 r1.8 r2.3 r2.0 

 ANNUAL 2.8 r0.8 r-1.9 r3.7 r-0.1 r0.9 r3.5 r1.9 

--------------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. March 5, 2009 

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 Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

 quarter all persons Output persons hour (1) hour (2) costs 

-------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

2006 I r172.3 147.2 r85.4 r170.7 r122.5 r99.0 

 II r172.6 147.4 r85.4 r169.4 r120.6 r98.2 

 III r174.6 148.0 r84.8 r170.4 r120.1 r97.6 

 IV r175.3 147.4 r84.1 r174.4 r123.4 r99.5 

 ANNUAL r173.7 147.5 r84.9 r171.2 r121.6 r98.6 

2007 I r176.6 147.8 r83.7 r176.6 r123.8 r100.0 

 II r178.6 149.6 r83.8 r176.3 r122.2 r98.7 

 III r181.2 151.2 r83.4 r177.0 r121.8 r97.6 

 IV r182.4 151.0 r82.8 r179.6 r122.2 r98.5 

 ANNUAL r179.7 149.9 r83.4 r177.4 r122.5 98.7 

2008 I r183.7 150.7 r82.0 r181.1 r121.9 r98.6 

 II r183.2 149.3 r81.5 r182.7 r121.4 r99.7 

 III r182.2 r145.9 r80.1 r185.1 r121.1 r101.6 

 IV r180.3 r139.0 r77.1 r189.6 r127.0 r105.1 

 ANNUAL r182.4 r146.2 r80.2 r184.5 r122.7 r101.2 

-------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

2006 I r-1.4 1.8 r3.2 r13.4 r11.4 15.0 

 II r0.5 0.6 r0.1 r-2.9 r-6.2 -3.3 

 III r4.7 1.6 r-3.0 r2.3 r-1.6 -2.3 

 IV r1.7 -1.7 r-3.3 r9.8 r11.5 8.0 

 ANNUAL r1.0 1.8 0.8 4.1 0.8 3.0 

2007 I r3.1 1.2 r-1.9 r5.0 r1.3 1.8 

 II r4.5 4.9 r0.4 r-0.5 r-4.9 -4.8 

 III r6.0 4.3 r-1.6 r1.4 r-1.3 -4.4 

 IV r2.6 -0.4 r-2.9 r6.1 r1.0 3.4 

 ANNUAL r3.5 1.6 r-1.8 r3.6 0.7 0.1 

2008 I r2.9 -0.8 r-3.7 r3.4 r-0.8 0.5 

 II r-1.1 -3.8 r-2.7 r3.5 r-1.4 r4.7 

 III r-2.2 r-8.6 r-6.5 r5.4 r-1.3 r7.8 

 IV r-4.0 r-17.7 r-14.2 r10.1 r21.2 r14.7 

 ANNUAL r1.5 r-2.5 r-3.9 r4.0 r0.2 2.5 

-------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2006 I r1.4 2.4 r1.0 r5.3 r1.5 3.8 

 II 0.4 2.1 1.7 r3.2 r-0.7 2.9 

 III r1.0 2.3 r1.3 r2.4 -1.0 1.4 

 IV r1.4 0.6 r-0.8 r5.5 r3.5 4.1 

 ANNUAL r1.0 1.8 0.8 4.1 0.8 3.0 

2007 I r2.5 0.4 r-2.0 3.5 r1.0 0.9 

 II 3.5 1.5 r-2.0 4.1 1.4 0.6 

 III r3.8 2.1 r-1.6 r3.8 r1.5 0.0 

 IV 4.0 2.5 -1.5 2.9 -1.0 -1.1 

 ANNUAL r3.5 1.6 r-1.8 r3.6 0.7 0.1 

2008 I 4.0 2.0 r-2.0 r2.6 r-1.5 -1.4 

 II r2.6 -0.2 r-2.7 r3.6 r-0.7 1.0 

 III r0.5 -3.5 r-4.0 r4.6 -0.6 r4.0 

 IV r-1.1 r-8.0 r-6.9 r5.6 r4.0 r6.8 

 ANNUAL r1.5 r-2.5 r-3.9 r4.0 r0.2 2.5 

-------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. March 5, 2009 

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 Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

 quarter all persons Output persons hour (1) hour (2) costs 

-------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

2006 I r198.5 179.6 r90.4 r165.8 r119.0 r83.5 

 II r198.8 180.5 r90.8 r164.5 r117.1 82.7 

 III r201.8 181.1 r89.7 r165.4 r116.5 r81.9 

 IV r202.3 180.1 r89.0 r170.1 r120.3 r84.1 

 ANNUAL r200.4 180.3 r90.0 r166.4 r118.2 r83.1 

2007 I r204.0 180.3 r88.4 r172.7 r121.1 r84.7 

 II r207.8 183.9 r88.5 r172.5 r119.6 r83.0 

 III r211.9 186.9 r88.2 r173.0 r119.1 r81.7 

 IV r214.5 187.0 r87.2 r175.7 r119.5 r81.9 

 ANNUAL r209.5 184.5 r88.1 r173.5 r119.8 r82.8 

2008 I r215.4 186.9 r86.8 r176.5 r118.8 r82.0 

 II r213.8 184.1 r86.1 r178.7 r118.8 r83.6 

 III r215.5 r180.8 r83.9 r181.7 r118.9 r84.3 

 IV r207.0 r167.2 r80.8 r186.2 r124.7 r89.9 

 ANNUAL r213.0 r179.8 r84.4 r180.7 r120.2 r84.8 

-------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

2006 I r-2.5 0.4 r3.0 r12.9 r10.9 15.9 

 II r0.6 2.1 r1.5 r-3.0 r-6.4 -3.6 

 III r6.2 1.2 r-4.7 r2.1 r-1.9 -3.9 

 IV r0.8 -2.1 r-2.9 r12.0 r13.7 11.1 

 ANNUAL r2.1 3.3 1.1 3.9 0.6 1.7 

2007 I r3.4 0.4 r-2.9 r6.2 r2.5 2.7 

 II r7.8 8.2 r0.4 r-0.5 r-4.9 -7.7 

 III r8.0 6.8 r-1.1 r1.3 r-1.4 -6.2 

 IV r5.0 0.3 r-4.5 r6.3 r1.2 1.2 

 ANNUAL r4.6 2.3 r-2.1 r4.2 r1.3 -0.3 

2008 I r1.6 -0.4 r-2.0 r2.0 r-2.2 0.4 

 II r-3.0 -5.7 r-2.9 r5.1 r0.0 r8.3 

 III r3.3 r-7.0 r-9.9 r6.9 r0.2 r3.5 

 IV r-14.8 r-26.9 r-14.2 10.1 21.2 r29.1 

 ANNUAL r1.6 r-2.6 r-4.2 r4.2 r0.3 2.5 

-------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2006 I r3.1 4.8 1.6 r4.8 1.1 1.6 

 II 2.0 4.6 r2.6 r3.0 -0.8 1.1 

 III r2.3 3.6 r1.3 r2.0 r-1.4 -0.4 

 IV r1.2 0.4 r-0.8 r5.8 r3.7 4.5 

 ANNUAL r2.1 3.3 1.1 3.9 0.6 1.7 

2007 I r2.7 0.4 r-2.3 r4.2 r1.7 1.4 

 II 4.5 1.8 r-2.6 4.8 2.1 0.3 

 III r5.0 3.2 r-1.6 r4.6 r2.2 -0.3 

 IV r6.0 3.9 r-2.1 r3.3 r-0.7 -2.6 

 ANNUAL r4.6 2.3 r-2.1 r4.2 r1.3 -0.3 

2008 I r5.6 3.7 r-1.8 r2.2 r-1.9 -3.2 

 II r2.9 0.1 r-2.6 r3.6 r-0.6 0.8 

 III r1.7 r-3.3 r-4.9 5.0 -0.2 r3.3 

 IV r-3.5 r-10.6 r-7.4 r6.0 r4.4 r9.8 

 ANNUAL r1.6 r-2.6 r-4.2 r4.2 r0.3 2.5 

-------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. March 5, 2009 

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 Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

 quarter all persons Output persons hour (1) hour (2) costs 

-------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

2006 I r147.8 115.0 r77.8 r177.7 r127.6 r120.2 

 II r148.3 114.8 r77.4 r176.5 r125.6 r119.0 

 III r149.1 115.4 r77.4 r177.9 r125.3 r119.3 

 IV r150.2 115.1 r76.6 r180.3 r127.5 r120.0 

 ANNUAL r148.9 115.1 r77.3 r178.1 r126.5 r119.6 

2007 I r151.0 115.6 r76.6 r181.6 r127.3 r120.3 

 II r151.3 116.0 r76.7 r181.3 r125.7 r119.9 

 III r152.9 116.4 r76.2 r182.0 r125.3 r119.1 

 IV r152.4 116.1 r76.2 r184.7 r125.6 r121.2 

 ANNUAL r151.9 116.0 r76.4 r182.4 r126.0 r120.1 

2008 I r154.5 115.7 r74.9 r187.3 r126.1 r121.3 

 II r154.8 115.2 r74.4 r187.6 r124.7 r121.2 

 III r150.8 r112.1 r74.4 r189.1 r123.7 r125.4 

 IV r153.6 r109.9 r71.6 r193.8 r129.8 r126.1 

 ANNUAL r153.4 r113.3 r73.8 r189.4 r126.0 r123.5 

-------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

2006 I r0.2 3.6 r3.4 r14.6 r12.5 14.4 

 II r1.4 -0.9 r-2.3 r-2.8 r-6.2 -4.1 

 III r2.1 2.2 r0.1 r3.1 r-0.8 1.1 

 IV r3.0 -1.1 r-4.0 r5.6 r7.2 2.5 

 ANNUAL r0.1 0.3 r0.2 r4.4 1.1 4.3 

2007 I r2.0 2.0 r0.0 r2.8 r-0.8 0.8 

 II r0.9 1.3 r0.4 r-0.5 r-4.9 -1.4 

 III r4.2 1.6 r-2.5 r1.4 r-1.3 r-2.6 

 IV r-1.1 -1.1 r0.0 r6.1 r1.0 7.3 

 ANNUAL r2.0 0.9 r-1.1 r2.4 -0.4 0.4 

2008 I r5.5 -1.3 r-6.5 r5.8 r1.5 0.3 

 II r0.8 -1.7 r-2.5 r0.5 r-4.3 r-0.2 

 III r-9.8 r-10.3 r-0.5 r3.4 r-3.1 r14.7 

 IV 7.6 r-7.7 r-14.2 r10.1 r21.3 r2.3 

 ANNUAL 1.0 -2.4 -3.4 r3.8 r0.0 2.8 

-------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2006 I r0.1 -0.1 r-0.2 r6.1 r2.3 6.0 

 II -0.7 -0.6 r0.2 r3.4 r-0.5 4.2 

 III -0.4 1.0 1.4 r3.2 -0.2 3.6 

 IV r1.7 0.9 r-0.7 r5.0 r2.9 3.2 

 ANNUAL r0.1 0.3 r0.2 r4.4 1.1 4.3 

2007 I 2.1 0.5 -1.6 r2.1 r-0.3 0.0 

 II 2.0 1.1 -0.9 r2.8 0.1 0.7 

 III 2.5 0.9 r-1.6 2.3 r0.0 -0.2 

 IV r1.5 0.9 r-0.5 r2.4 r-1.5 r0.9 

 ANNUAL r2.0 0.9 r-1.1 r2.4 -0.4 0.4 

2008 I r2.3 0.1 r-2.2 r3.2 r-0.9 0.8 

 II r2.3 -0.7 r-2.9 r3.4 r-0.8 1.1 

 III r-1.3 r-3.7 r-2.4 r3.9 r-1.3 r5.3 

 IV r0.8 r-5.3 r-6.1 r4.9 r3.3 4.1 

 ANNUAL 1.0 -2.4 -3.4 r3.8 r0.0 2.8 

-------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. March 5, 2009 

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 all- compen- hourly Unit non- unit pro- price 

 and employee Employee sation compen- labor labor costs fits deflator 

 quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4) 

---------------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

2006 I r146.0 176.1 r120.6 r164.2 r117.9 112.5 113.0 112.6 182.6 118.8 

 II r145.7 176.2 r120.9 r164.4 r117.0 112.8 114.6 113.3 183.4 119.5 

 III r146.7 178.1 r121.4 r165.1 r116.4 112.5 114.5 113.1 193.4 120.3 

 IV r145.6 177.3 r121.8 r167.8 r118.7 115.3 116.5 115.6 174.4 120.8 

 ANNUAL r146.0 176.9 r121.2 r165.4 r117.5 113.3 114.6 113.6 183.5 119.9 

2007 I r145.4 177.2 r121.9 r170.0 r119.2 116.9 117.6 117.1 172.4 122.1 

 II r146.7 179.1 r122.0 r171.1 r118.6 116.6 117.9 116.9 173.1 122.0 

 III r147.8 180.2 r121.9 r172.8 r119.0 116.9 118.2 117.2 167.4 121.7 

 IV r148.3 181.2 r122.2 r174.9 r119.0 117.9 119.3 118.3 156.4 121.7 

 ANNUAL r147.1 179.4 r122.0 r172.2 r118.9 117.1 118.3 117.4 167.3 121.9 

2008 I r148.1 180.6 r121.9 r176.1 r118.5 118.9 119.4 119.0 150.8 121.8 

 II r151.2 183.2 r121.2 r177.4 r118.0 117.3 119.8 118.0 147.8 120.6 

 III r153.6 r184.2 r120.0 r180.0 r117.8 r117.3 r121.3 r118.3 r156.7 r121.8 

---------------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

2006 I r3.0 6.3 r3.2 r7.5 r5.5 4.3 0.1 3.1 12.8 4.4 

 II r-0.7 0.4 r1.1 r0.5 r-3.0 1.2 5.7 2.4 1.8 2.3 

 III r2.8 4.4 r1.6 r1.8 r-2.1 -0.9 -0.2 -0.7 23.7 2.4 

 IV r-3.1 -1.9 r1.2 r6.7 r8.3 10.0 7.2 9.2 -34.0 2.0 

 ANNUAL 1.8 4.1 2.2 3.6 0.3 1.8 1.7 1.8 12.6 3.1 

2007 I r-0.6 -0.2 r0.4 r5.3 r1.6 5.9 3.8 5.4 -4.5 4.0 

 II r3.8 4.2 r0.4 r2.6 r-1.9 -1.1 0.9 -0.6 1.7 -0.3 

 III r3.0 2.7 r-0.4 r4.0 r1.2 0.9 1.2 1.0 -12.6 -0.8 

 IV r1.2 2.1 r0.9 r5.0 r0.0 3.7 3.7 3.7 -23.8 0.0 

 ANNUAL 0.7 1.4 0.7 4.1 1.2 3.4 3.2 3.3 -8.8 1.7 

2008 I r-0.4 -1.4 r-0.9 r2.7 r-1.5 3.2 0.3 2.4 -13.6 0.5 

 II r8.5 6.0 r-2.3 r3.1 r-1.9 -5.0 1.2 -3.4 -7.7 -3.8 

 III r6.4 r2.3 r-3.9 r6.1 r-0.6 r-0.3 r5.4 1.2 r26.5 3.8 

---------------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

2006 I r2.9 5.7 r2.7 r4.0 r0.3 1.1 1.6 1.2 17.3 3.2 

 II r1.2 3.6 2.3 r3.6 r-0.3 2.4 3.0 2.6 10.1 3.5 

 III r2.6 4.8 2.2 r2.7 r-0.6 0.1 -0.9 -0.2 27.3 3.0 

 IV 0.5 2.2 1.8 4.1 2.1 3.6 3.1 3.5 -1.6 2.8 

 ANNUAL 1.8 4.1 2.2 3.6 0.3 1.8 1.7 1.8 12.6 3.1 

2007 I -0.4 0.7 1.1 r3.5 1.1 4.0 4.1 4.0 -5.6 2.7 

 II 0.7 1.6 r0.9 4.1 1.4 3.4 2.9 3.2 -5.6 2.0 

 III r0.8 1.2 r0.4 r4.6 r2.2 3.8 3.2 3.7 -13.5 1.2 

 IV 1.9 2.2 0.3 r4.2 r0.2 2.3 2.4 2.3 -10.3 0.7 

 ANNUAL 0.7 1.4 0.7 4.1 1.2 3.4 3.2 3.3 -8.8 1.7 

2008 I r1.9 1.9 r0.0 r3.6 r-0.6 1.6 1.5 1.6 -12.5 -0.2 

 II r3.0 2.3 r-0.7 r3.7 r-0.5 0.6 1.6 0.9 -14.6 -1.1 

 III r3.9 2.2 r-1.6 r4.2 r-1.0 0.3 r2.6 r1.0 r-6.4 0.1 

---------------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. March 5, 2009 

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 –1.5 and +1.3 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 2008. 

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 1978-2007 is based on the Consumer Price Index research 

series (CPI-U-RS). 

(3) Unit nonlabor payments include profits, consumption of fixed capital, taxes on production 

and imports less subsidies, net interest and miscellaneous payments, business current 

transfer payments, rental income of persons, and the current surplus of government 

enterprises. 

(4) Current dollar output divided by the output index. 

(5) Quarterly changes: Percent change compounded at annual rate is calculated using index 

numbers to three decimal places. Indexes published in the news release are rounded to 

one decimal place for convenience. Annual changes: Percent change is calculated using 

annual average indexes to three decimal places. 

(6) Unit nonlabor costs include consumption of fixed capital, taxes on production and imports 

less subsidies, net interest and miscellaneous payments, and business current transfer 

payments. 

(7) Total unit costs are the sum of unit labor and nonlabor costs. 

(8) Unit profits include corporate profits before tax with inventory valuation and capital 

consumption adjustments. 
18 

Appendix table 1. 

 Business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally 

 adjusted 

 Real 

 Year Output per Hours Compensa- compensa- Unit Unit non- Implicit 

 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 

 2004 I r131.1 151.4 r115.5 r153.8 r118.0 r117.4 r123.0 119.5 

 II r132.3 153.1 r115.7 r155.8 r118.6 r117.7 r125.3 120.5 

 III r132.9 154.6 r116.3 r158.0 r119.4 r118.9 r124.8 121.1 

 IV r133.4 155.7 r116.7 r160.3 r119.9 r120.1 r125.4 122.1 

 ANNUAL r132.4 153.7 r116.1 r157.0 r119.0 r118.5 r124.6 120.8 

 2005 I r134.2 157.1 r117.1 r161.0 r119.9 r120.0 r128.5 123.2 

 II r134.2 158.4 r118.0 r161.6 r119.5 r120.4 r129.4 123.8 

 III r135.6 160.2 r118.1 r164.1 r119.5 r121.0 r131.8 125.0 

 IV r135.2 160.6 r118.8 r165.8 r119.6 r122.6 r132.4 126.3 

 ANNUAL r134.8 159.1 r118.0 r163.2 r119.7 r121.0 r130.5 124.6 

 --------------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

 2004 I r2.3 3.7 r1.3 0.6 r-2.8 -1.7 12.3 3.4 

 II r3.8 4.4 r0.5 r5.1 r1.9 r1.2 r7.6 3.6 

 III r1.7 4.0 r2.2 r5.8 r2.8 r4.0 r-1.7 1.8 

 IV r1.5 3.0 r1.5 r6.0 r1.7 r4.4 r2.0 3.5 

 ANNUAL 2.9 4.2 r1.2 3.8 r1.1 0.9 5.4 2.6 

 2005 I r2.3 3.7 r1.3 r1.9 r0.1 -0.4 10.2 3.6 

 II r0.1 3.2 r3.1 r1.4 r-1.4 1.3 3.0 2.0 

 III r4.3 4.8 r0.5 r6.3 r0.0 r2.0 r7.5 4.1 

 IV r-1.2 1.0 r2.2 r4.3 r0.2 r5.6 r1.7 4.1 

 ANNUAL 1.8 3.5 r1.7 r3.9 0.6 2.1 4.7 3.1 

 --------------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

 2004 I 4.2 4.9 r0.7 3.9 r2.0 -0.3 5.6 1.9 

 II r3.5 4.8 1.3 3.3 0.5 r-0.1 7.4 2.6 

 III r1.7 3.3 r1.5 r3.6 r0.9 1.9 r3.9 2.6 

 IV 2.4 3.8 1.4 4.3 0.9 1.9 4.9 3.0 

 ANNUAL 2.9 4.2 r1.2 3.8 r1.1 0.9 5.4 2.6 

 2005 I 2.4 3.8 r1.4 4.7 r1.6 2.3 4.4 3.1 

 II 1.4 3.5 2.0 3.8 0.8 2.3 3.3 2.7 

 III 2.1 3.7 r1.6 r3.9 r0.1 r1.8 r5.6 3.3 

 IV r1.3 3.1 r1.8 3.5 -0.2 2.1 5.6 3.4 

 ANNUAL 1.8 3.5 r1.7 r3.9 0.6 2.1 4.7 3.1 

 -------------------------------------------------------------------------------------------------------- 

 See footnotes following Table 6. March 5, 2009 

 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 Compensa- compensa- Unit Unit non- Implicit 

 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 

 2004 I r130.2 151.5 r116.4 r152.9 r117.3 r117.4 r123.7 119.7 

 II r131.7 153.4 r116.5 r154.9 r117.9 r117.6 r125.9 120.6 

 III r132.2 154.9 r117.1 r157.1 r118.7 r118.8 r125.8 121.4 

 IV r132.2 155.9 r117.9 r158.9 r118.9 r120.2 r126.4 122.5 

 ANNUAL r131.6 153.9 r116.9 r156.0 r118.2 r118.5 r125.5 121.1 

 2005 I r133.2 157.3 r118.1 r159.9 r119.1 r120.0 r129.9 123.7 

 II 133.4 158.4 118.8 r160.8 r118.9 r120.5 r130.8 124.3 

 III r134.7 160.3 r119.0 r163.2 r118.9 r121.1 r133.4 125.6 

 IV r134.2 160.8 r119.8 r164.7 r118.8 r122.7 r134.2 126.9 

 ANNUAL r133.9 159.2 r118.9 r162.1 r118.9 r121.1 r132.1 125.1 

 --------------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

 2004 I r0.8 2.6 r1.8 r-0.2 r-3.5 -1.0 11.2 3.4 

 II r4.7 5.0 r0.3 r5.2 r2.1 0.5 r7.2 3.0 

 III r1.6 3.8 r2.3 r5.9 r2.9 r4.2 r-0.3 2.4 

 IV r0.0 2.6 r2.6 r4.8 r0.6 r4.8 r2.2 3.8 

 ANNUAL 2.8 4.1 1.3 r3.7 r1.0 0.9 4.9 2.4 

 2005 I r2.8 3.7 r0.9 r2.3 r0.6 -0.5 r11.3 3.9 

 II r0.7 2.9 r2.2 r2.3 r-0.5 1.6 3.0 2.2 

 III r3.9 4.8 r0.8 r6.0 r-0.2 r2.0 r8.0 4.3 

 IV r-1.5 1.3 r2.8 r3.8 -0.3 r5.3 r2.4 4.2 

 ANNUAL r1.7 3.4 r1.7 4.0 r0.6 2.2 r5.3 3.4 

 --------------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

 2004 I 4.0 4.8 0.8 3.8 1.9 -0.2 4.6 1.6 

 II 3.8 5.0 r1.1 3.4 r0.7 r-0.3 6.6 2.2 

 III r1.7 3.3 r1.6 r3.6 r0.8 1.9 r3.6 2.5 

 IV 1.8 3.5 1.7 3.9 0.5 2.1 5.0 3.2 

 ANNUAL 2.8 4.1 1.3 r3.7 r1.0 0.9 4.9 2.4 

 2005 I 2.3 3.8 r1.5 r4.5 r1.5 2.2 5.0 3.3 

 II 1.3 3.3 2.0 r3.8 0.9 2.5 3.9 3.1 

 III r1.8 3.5 r1.6 r3.9 r0.1 2.0 r6.0 3.5 

 IV 1.5 3.2 r1.7 3.6 -0.1 2.1 6.1 3.6 

 ANNUAL r1.7 3.4 r1.7 4.0 r0.6 2.2 r5.3 3.4 

 -------------------------------------------------------------------------------------------------------- 

 See footnotes following Table 6. March 5, 2009 

 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 Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

 quarter all persons Output persons hour (1) hour (2) costs 

 -------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

 2004 I r161.6 138.3 r85.6 r156.8 r120.3 97.0 

 II r163.0 138.9 r85.3 r159.9 r121.7 r98.1 

 III r164.3 139.9 r85.2 r163.7 r123.7 r99.7 

 IV r167.2 141.8 r84.8 r165.8 r124.0 r99.2 

 ANNUAL r164.0 139.7 r85.2 r161.5 r122.5 r98.5 

 2005 I r169.9 143.7 r84.6 r162.1 r120.7 r95.4 

 II r171.9 144.5 r84.0 r164.1 r121.4 r95.5 

 III r172.8 144.7 r83.7 r166.4 r121.2 r96.3 

 IV r172.9 146.5 r84.7 r165.4 r119.3 r95.6 

 ANNUAL r171.9 144.8 r84.3 r164.5 r120.7 95.7 

 -------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

 2004 I r-1.2 0.3 r1.5 -11.6 r-14.5 -10.5 

 II r3.4 1.7 r-1.6 r8.0 r4.8 4.4 

 III r3.3 2.9 r-0.3 r10.0 r6.9 6.5 

 IV r7.3 5.3 r-1.8 r5.2 1.0 -1.9 

 ANNUAL r2.3 1.7 -0.5 2.1 -0.6 -0.2 

 2005 I r6.7 5.7 r-1.0 r-8.7 r-10.3 -14.4 

 II r4.9 2.0 r-2.7 r5.2 r2.3 0.3 

 III r2.1 0.6 -1.5 r5.7 -0.5 3.5 

 IV r0.2 5.3 r5.1 r-2.6 r-6.3 -2.8 

 ANNUAL r4.8 3.7 r-1.1 r1.8 r-1.5 -2.8 

 -------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

 2004 I r2.7 0.7 r-1.9 1.5 r-0.3 -1.2 

 II 2.3 1.7 r-0.6 r1.7 -1.1 -0.6 

 III 0.9 1.9 1.0 r2.7 -0.1 1.7 

 IV 3.1 2.5 r-0.6 2.5 r-0.8 -0.6 

 ANNUAL r2.3 1.7 -0.5 2.1 -0.6 -0.2 

 2005 I r5.1 3.9 r-1.2 3.4 0.4 -1.7 

 II r5.5 4.0 r-1.4 2.7 -0.2 -2.7 

 III r5.2 3.4 -1.8 r1.7 r-2.0 -3.4 

 IV r3.5 3.4 r-0.1 -0.3 r-3.8 -3.6 

 ANNUAL r4.8 3.7 r-1.1 r1.8 r-1.5 -2.8 

 ------------------------------------------------------------------------------------------------- 

 See footnotes following Table 6. March 5, 2009 

 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 Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

 quarter all persons Output persons hour (1) hour (2) costs 

 -------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

 2004 I r184.5 164.6 r89.2 r152.3 r116.8 82.6 

 II r185.1 164.6 r88.9 r155.7 r118.5 r84.1 

 III r186.0 166.1 r89.3 r159.8 r120.8 r85.9 

 IV r189.5 168.5 r88.9 r161.3 r120.6 r85.1 

 ANNUAL r186.3 165.9 r89.1 r157.3 r119.2 r84.4 

 2005 I r192.5 171.4 r89.0 r158.1 r117.8 r82.1 

 II r195.0 172.6 r88.5 r159.6 r118.1 81.9 

 III r197.2 174.7 r88.6 r162.2 r118.1 r82.2 

 IV r199.8 179.4 r89.8 r160.8 r116.0 r80.5 

 ANNUAL r196.2 174.5 r89.0 r160.2 r117.5 81.7 

 -------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

 2004 I r-2.5 1.3 r3.9 r-18.6 r-21.3 -16.5 

 II r1.3 0.0 r-1.3 r9.2 r5.9 7.8 

 III 2.0 3.6 1.5 10.9 7.8 8.7 

 IV 7.6 5.9 r-1.6 r3.7 -0.4 -3.6 

 ANNUAL 1.7 2.3 r0.6 r0.3 -2.4 -1.4 

 2005 I r6.5 7.1 r0.5 r-7.6 r-9.2 r-13.3 

 II r5.4 3.0 r-2.2 r3.9 r1.0 r-1.3 

 III r4.7 4.9 r0.2 r6.4 r0.1 1.7 

 IV r5.3 11.2 r5.5 r-3.2 r-7.0 -8.2 

 ANNUAL r5.3 5.2 r-0.1 1.9 -1.4 -3.3 

 -------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

 2004 I 2.9 1.8 -1.1 -0.5 -2.3 -3.4 

 II r2.1 2.5 r0.4 r0.0 r-2.7 -2.1 

 III -0.3 2.3 r2.6 1.0 -1.7 1.3 

 IV 2.0 2.7 r0.6 r0.6 r-2.7 -1.4 

 ANNUAL 1.7 2.3 r0.6 r0.3 -2.4 -1.4 

 2005 I r4.3 4.1 r-0.2 r3.8 r0.8 -0.5 

 II 5.4 4.9 r-0.5 r2.5 r-0.4 -2.7 

 III r6.0 5.2 r-0.8 r1.5 r-2.2 -4.3 

 IV 5.5 6.5 1.0 -0.3 -3.9 -5.4 

 ANNUAL r5.3 5.2 r-0.1 1.9 -1.4 -3.3 

 ------------------------------------------------------------------------------------------------- 

 See footnotes following Table 6. March 5, 2009 

 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 Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

 quarter all persons Output persons hour (1) hour (2) costs 

 -------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

 2004 I r138.5 111.0 r80.1 r163.8 r125.6 r118.3 

 II r140.7 112.1 r79.7 r166.1 r126.4 118.1 

 III r142.7 112.7 r79.0 r169.2 r127.9 r118.6 

 IV r145.1 114.0 r78.6 r172.5 r129.1 118.9 

 ANNUAL r141.7 112.4 r79.4 r167.9 r127.3 r118.5 

 2005 I r147.8 115.1 r77.9 r167.6 r124.8 r113.4 

 II r149.4 115.4 r77.2 r170.6 r126.2 r114.2 

 III 149.6 114.3 76.4 r172.3 125.5 115.2 

 IV r147.8 114.0 r77.2 r171.8 r123.9 r116.3 

 ANNUAL r148.6 114.7 r77.2 r170.6 r125.1 114.8 

 -------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

 2004 I r1.6 -0.8 r-2.4 r2.8 r-0.7 1.1 

 II r6.5 4.1 r-2.3 r5.8 r2.6 -0.6 

 III r5.8 2.3 r-3.3 r7.8 r4.8 1.9 

 IV r7.0 4.7 r-2.1 r8.0 r3.6 0.9 

 ANNUAL 3.6 1.2 r-2.4 r5.4 r2.6 1.7 

 2005 I r7.6 4.0 r-3.3 r-11.0 r-12.6 -17.3 

 II 4.6 0.9 -3.5 7.5 4.5 2.8 

 III r0.6 -3.9 r-4.5 r4.1 r-2.1 r3.5 

 IV r-4.9 -0.8 r4.3 r-1.3 r-5.1 3.9 

 ANNUAL 4.9 2.0 -2.8 1.6 r-1.7 -3.1 

 -------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

 2004 I r2.8 -0.5 r-3.2 5.1 3.2 2.3 

 II r3.2 0.9 -2.1 4.7 1.9 1.5 

 III r3.4 1.7 r-1.7 r5.5 r2.7 2.0 

 IV 5.2 2.6 -2.5 6.1 2.6 0.8 

 ANNUAL 3.6 1.2 r-2.4 r5.4 r2.6 1.7 

 2005 I r6.7 3.8 r-2.8 r2.3 r-0.6 -4.1 

 II r6.2 3.0 -3.1 r2.7 r-0.2 -3.3 

 III r4.9 1.4 -3.4 r1.8 r-1.9 -2.9 

 IV 1.8 0.0 -1.8 r-0.4 -4.0 -2.2 

 ANNUAL 4.9 2.0 -2.8 1.6 r-1.7 -3.1 

 ------------------------------------------------------------------------------------------------- 

 See footnotes following Table 6. March 5, 2009 

 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 all- compen- hourly Unit non- unit pro- price 

 and employee Employee sation compen- labor labor costs fits deflator 

 quarter hour Output hours (1) sation(2) costs costs(6) (7) (8) (4) 

 ---------------------------------------------------------------------------------------------------------- 

 Indexes 1992=100 

 2004 I r137.4 159.4 r116.0 r150.9 r115.7 109.8 109.5 109.7 135.2 112.0 

 II r139.1 161.6 r116.2 r152.9 r116.4 109.9 109.3 109.8 145.7 113.0 

 III r141.3 164.8 r116.6 r155.2 r117.3 109.9 109.0 109.6 150.3 113.3 

 IV r140.8 165.1 r117.2 r157.0 r117.5 111.5 109.3 110.9 147.9 114.2 

 ANNUAL r139.7 162.7 r116.5 r154.0 r116.8 110.3 109.3 110.0 144.8 113.1 

 2005 I r141.9 166.6 r117.4 r157.8 r117.5 111.2 111.2 111.2 155.7 115.2 

 II 144.0 170.2 118.2 158.6 117.3 110.2 111.2 110.4 166.5 115.5 

 III r143.0 169.9 r118.8 r160.8 r117.1 112.4 115.5 113.3 152.0 116.7 

 IV r144.9 173.4 r119.7 r161.2 r116.3 111.3 113.0 111.7 177.2 117.6 

 ANNUAL r143.4 170.0 r118.5 r159.6 r117.1 111.3 112.7 111.7 163.0 116.3 

 ---------------------------------------------------------------------------------------------------------- 

 Percent change from previous quarter at annual rate(5) 

 2004 I r2.2 4.9 r2.6 -2.9 -6.1 -5.1 -1.6 -4.1 73.5 1.8 

 II r4.9 5.6 r0.6 r5.4 r2.2 0.5 -0.9 0.1 35.0 3.5 

 III r6.4 8.1 r1.6 r6.1 r3.2 -0.2 -1.3 -0.5 13.3 1.0 

 IV r-1.3 0.8 r2.1 r4.8 r0.6 6.1 1.3 4.8 -6.3 3.4 

 ANNUAL 3.7 5.1 1.3 3.0 0.3 -0.7 -1.6 -0.9 31.8 2.0 

 2005 I r3.0 3.7 r0.7 r2.0 r0.3 -0.9 7.1 1.2 23.0 3.5 

 II r6.1 8.9 r2.6 r2.1 r-0.7 -3.8 -0.1 -2.8 30.8 0.9 

 III r-2.7 -0.6 r2.2 r5.5 r-0.7 8.4 16.7 10.6 -30.6 4.5 

 IV r5.4 8.4 r2.8 r1.2 r-2.8 -4.1 -8.7 -5.3 84.8 2.9 

 ANNUAL r2.7 4.5 1.7 r3.6 r0.3 0.9 3.2 1.5 12.5 2.8 

 ---------------------------------------------------------------------------------------------------------- 

 Percent change from corresponding quarter of previous year 

 2004 I 4.0 4.7 0.6 3.2 1.3 -0.8 -2.7 -1.3 31.3 1.4 

 II r4.0 5.2 1.2 2.7 r0.0 -1.2 -1.5 -1.3 37.8 2.1 

 III r4.0 5.7 r1.6 r2.9 r0.2 -1.0 -1.6 -1.2 33.3 2.0 

 IV 3.0 4.8 1.7 3.3 -0.1 0.2 -0.6 0.0 25.6 2.4 

 ANNUAL 3.7 5.1 1.3 3.0 0.3 -0.7 -1.6 -0.9 31.8 2.0 

 2005 I r3.2 4.5 r1.2 r4.6 r1.5 1.3 1.5 1.4 15.2 2.9 

 II r3.5 5.3 1.7 3.8 r0.8 0.2 1.7 0.6 14.3 2.2 

 III r1.2 3.1 r1.9 r3.6 r-0.2 2.3 6.0 3.3 1.1 3.1 

 IV 2.9 5.0 2.1 2.7 -1.0 -0.2 3.3 0.7 19.8 2.9 

 ANNUAL r2.7 4.5 1.7 r3.6 r0.3 0.9 3.2 1.5 12.5 2.8 

 --------------------------------------------------------------------------------------------------------- 

 See footnotes following Table 6. March 5, 2009 

 r=revised Source: Bureau of Labor Statistics