Internet address: http://www.bls.gov/lpc/ USDL 07-0198 

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 WEDNESDAY, FEBRUARY 7, 2007 

PRODUCTIVITY AND COSTS 

Preliminary Fourth Quarter and 

Annual Averages for 2006 

 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 fourth 

quarter and for the full year 2006. The seasonally adjusted annual rates of productivity change 

in the fourth quarter and the annual average changes were: 

 Fourth Annual averages 

 quarter 2005-2006 

Business sector 2.4 2.2 

Nonfarm business sector 3.0 2.1 

In the fourth quarter, productivity increased 2.4 percent in the business sector and 3.0 

percent in the nonfarm business sector. In both sectors, the fourth-quarter productivity increases 

reflected faster growth in output than in hours worked. When the annual averages for 2006 were 

compared with annual averages for 2005, productivity rose 2.2 percent in the business sector and 

2.1 percent in nonfarm businesses—slightly less than the 2.3-percent gains in both sectors from 

2004 to 2005. 

 In the manufacturing sector, increases in productivity were: 

 Fourth Annual averages 

 quarter 2005-2006 

Manufacturing sector 2.2 3.9 

 Durable goods manufacturing 3.3 6.2 

 Nondurable goods manufacturing 0.9 1.5 
2 

Manufacturing productivity grew at a 2.2-percent annual rate in the fourth quarter, as 

output fell, but hours fell faster. On an annual average basis, output per hour in the 

manufacturing sector posted a 3.9-percent increase in 2006. 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. Fourthquarter productivity and related measures are summarized in table A, and annual average data in 

table B. Detailed information is presented in tables 1 through 5. 

Table A. Productivity and costs: Preliminary fourth-quarter 2006 measures 

(Seasonally adjusted annual rates) 

 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

 Percent change from preceding quarter 

Business 2.4 4.1 1.7 4.2 6.6 1.7 

Nonfarm business 3.0 4.2 1.2 4.8 7.1 1.7 

Manufacturing 2.2 -1.6 -3.7 7.3 9.8 5.0 

 Durable 3.3 -0.5 -3.7 7.9 10.4 4.5 

 Nondurable 0.9 -3.0 -3.9 6.1 8.5 5.1 

 Percent change from same quarter a year ago 

Business 2.0 3.8 1.8 4.8 2.8 2.8 

Nonfarm business 2.1 3.9 1.8 4.9 3.0 2.8 

Manufacturing 3.9 3.7 -0.2 4.3 2.3 0.3 

 Durable 5.3 4.9 -0.4 5.7 3.7 0.3 

 Nondurable 2.3 2.3 0.0 1.7 -0.2 -0.6 

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). 

THIRD-TO-FOURTH QUARTER CHANGES, 2006 

Business 

 Productivity in the business sector increased by 2.4 percent in the fourth quarter of 2006, 

reflecting increases of 4.1 percent in output and 1.7 percent in hours of all persons (seasonally 
3 

adjusted annual rates). Output per hour had edged up 0.1 percent in the third quarter of 2006, as 

output rose 1.9 percent and hours increased 1.8 percent. 

 Hourly compensation grew 4.2 percent in the fourth quarter of 2006, up from a 3.4-

percent increase one quarter earlier. This measure includes wages and salaries, supplements, 

employer contributions to employee-benefit plans, and taxes. Real hourly compensation, which 

takes into account changes in consumer prices, increased 6.6 percent in the fourth quarter of 

2006. A 2.2-percent decline in consumer prices in the fourth quarter of 2006 contributed to the 

large increase in real hourly compensation, and was the first decline in the price measure since 

the fourth quarter of 2001 (0.4 percent). 

 Unit labor costs, which relate hourly compensation to output per hour, increased 1.7 

percent in the fourth quarter and 3.3 percent in the third quarter, after falling 2.5 percent in the 

second quarter of 2006. 

Nonfarm business 

In the nonfarm business sector, productivity rose 3.0 percent in the fourth quarter of 

2006, as output grew 4.2 percent and hours of all persons—employees, proprietors, and unpaid 

family workers—rose 1.2 percent (seasonally adjusted annual rates). Productivity declined 0.1 

percent in the third quarter of 2006, as output and hours grew 1.9 percent and 2.0 percent, 

respectively (table 2). 

 Hourly compensation in the nonfarm business sector rose 4.8 percent in the fourth quarter 

of 2006, following a 3.1-percent increase in the third quarter. When the 2.2-percent decrease in 

consumer prices was taken into account, real hourly compensation grew 7.1 percent during the 

fourth quarter of 2006. 

Unit labor costs rose 1.7 percent in the fourth quarter of 2006, after increasing 3.2 percent 

in the third quarter and decreasing 2.4 percent in the second quarter. The implicit price deflator 

for nonfarm business output rose 0.4 percent in the fourth quarter, after rising 0.8 percent one 

quarter earlier. 

Manufacturing 

Manufacturing productivity grew 2.2 percent in the fourth quarter of 2006 as output 

declined 1.6 percent and hours fell 3.7 percent (seasonally adjusted annual rates). The decrease 

in output was the first since the second quarter of 2003, when output decreased 2.4 percent. In 

the third quarter, manufacturing productivity had increased 6.3 percent, reflecting a 4.8-percent 

rise in output and a 1.5-percent decline in hours (table 3). In durable goods manufacturing, 

productivity rose 3.3 percent in the fourth quarter as output edged down 0.5 percent and hours 

fell 3.7 percent (table 4). Among nondurable goods manufacturers, productivity rose 0.9 percent 

in the fourth quarter as output fell 3.0 percent and hours at work fell 3.9 percent (table 5). 

 Average hourly compensation of manufacturing workers increased 7.3 percent in the 

fourth quarter of 2006, reflecting increases in hourly compensation of 7.9 percent in durable 

goods manufacturing and 6.1 percent in nondurable goods manufacturing. When the decrease in 
4 

consumer prices was taken into account, real hourly compensation in total manufacturing jumped 

9.8 percent in the fourth quarter. 

Unit labor costs for the manufacturing sector increased 5.0 percent in fourth-quarter 

2006, following declines of 2.9 percent in the third quarter and 8.8 percent in the second quarter. 

Unit labor costs rose 4.5 percent in durable goods manufacturing and 5.1 percent in nondurable 

goods industries in the fourth quarter. 

ANNUAL AVERAGE CHANGES, 2005-2006 

Business and Nonfarm business 

When annual averages for 2006 were compared with annual averages for 2005, labor 

productivity increased 2.2 percent in the business sector and 2.1 percent in the nonfarm business 

sector (table B). These were the smallest annual increases in both sectors since 1997, when 

output per hour rose 1.9 percent and 1.6 percent in the business and nonfarm business sectors, 

respectively. Productivity grew at a 2.3–percent rate from 2004 to 2005 in both sectors. Output 

per hour had grown at an above-average rate from 2000 to 2004—3.4 percent in the business 

sector and 3.3 percent in the nonfarm business sector. Between 1990 and 2000, productivity rose 

2.1 percent per year in the business sector and 2.0 percent per year in nonfarm business. 
5 

 Table B. Annual average changes in productivity and related measures, 1997-2006 

 Measure 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 

 Business: 

 Productivity ...................... 1.9 2.8 3.1 2.9 2.6 4.1 3.8 3.1 2.3 2.2 

 Output ............................... 5.3 4.8 5.1 3.9 0.3 1.5 3.1 4.4 3.7 3.9 

 Hours ................................ 3.4 2.0 2.0 1.0 -2.2 -2.5 -0.7 1.3 1.4 1.6 

 Hourly compensation........ 3.2 6.1 4.9 7.1 4.2 3.6 4.0 3.8 4.4 5.4 

 Real hourly compensation 

............................................ 

1.1 4.6 2.8 3.6 1.4 2.0 1.7 1.1 1.0 2.1 

 Unit labor costs ................ 1.3 3.2 1.8 4.1 1.6 -0.5 0.2 0.7 2.1 3.1 

 Nonfarm Business: 

 Productivity ...................... 1.6 2.8 2.9 2.8 2.5 4.1 3.7 3.0 2.3 2.1 

 Output ............................... 5.2 5.0 5.2 3.8 0.4 1.5 3.1 4.3 3.8 3.9 

 Hours ................................ 3.5 2.1 2.2 1.0 -2.0 -2.6 -0.6 1.3 1.5 1.7 

 Hourly compensation........ 3.1 6.0 4.7 7.2 4.0 3.7 4.0 3.6 4.4 5.3 

 Real hourly compensation 

............................................ 

0.9 4.5 2.6 3.7 1.2 2.0 1.7 0.9 1.0 2.1 

 Unit labor costs ................ 1.4 3.1 1.8 4.2 1.5 -0.5 0.3 0.7 2.0 3.2 

 Manufacturing: 

 Productivity ...................... 5.4 5.5 4.4 4.4 1.5 7.0 6.2 1.8 4.7 3.9 

 Output ............................... 7.4 5.2 3.8 2.7 -5.1 -0.6 1.0 1.3 3.6 5.0 

 Hours ................................ 1.8 -0.3 -0.6 -1.6 -6.5 -7.1 -4.9 -0.5 -1.1 1.1 

 Hourly compensation........ 2.6 5.8 3.9 9.2 2.3 7.3 7.0 2.0 4.6 4.1 

 Real hourly compensation 

............................................ 

0.5 4.3 1.8 5.6 -0.5 5.6 4.6 -0.7 1.2 0.9 

 Unit labor costs ................ -2.7 0.3 -0.5 4.5 0.8 0.2 0.8 0.2 -0.1 0.2 

In 2006, hourly compensation increased 5.4 percent in the business sector and 5.3 percent 

in the nonfarm business sector, following 4.4-percent gains in both sectors during 2005. And in 

both sectors real hourly compensation increased 2.1 percent in 2006 and 1.0 percent in 2005. 

Unit labor costs increased 3.1 percent in the business sector and 3.2 percent in the 

nonfarm business sector in 2006—more than in any year since 2000, when unit labor costs 

increased 4.1 percent and 4.2 percent in the business and nonfarm business sectors, respectively. 
6 

Manufacturing 

 In manufacturing, labor productivity rose 3.9 percent in 2006, slightly less than the 4.2-

percent average annual rate from 2000 through 2005. Output increased 5.0 percent and hours 

rose 1.1 percent in 2006 (table B). There was a 6.2-percent increase in durable goods 

manufacturing productivity in 2006, as output increased 7.6 percent and hours increased 1.3 

percent. Output per hour increased 1.5 percent in nondurable goods manufacturing, as output 

grew 2.2 percent and hours rose 0.7 percent. 

 The hourly compensation of manufacturing workers increased 4.1 percent in 2006, 

slightly less than the 4.6-percent growth rate in 2005. In 2006, hourly compensation rose 5.0 

percent in durable goods manufacturing and 2.5 percent in nondurable goods manufacturing. 

Taking into account the rise in consumer prices, real hourly compensation in manufacturing rose 

0.9 percent in 2006 after increasing 1.2 percent one year earlier. 

 

Unit labor costs in manufacturing edged up 0.2 percent in 2006, after decreasing 0.1 

percent in calendar year 2005. Unit labor costs in durable goods manufacturing decreased 1.2 

pecent in 2006, similar to the 1.1-percent decline in 2005. Unit labor costs in nondurable goods 

manufacturing rose 1.0 percent in 2006 and 0.9 percent in 2005. 

 

Revised Measures

 Current and previous measures for the third quarter of 2006 for the business, nonfarm 

business, and manufacturing sectors are compared in table C. In the business and nonfarm 

business sectors, productivity and output growth in the third quarter were lower than reported on 

Dec. 5. Business sector productivity was revised down, reflecting a downward revision to 

output. Productivity in nonfarm businesses was revised from a very small increase, 0.2 percent, 

to a very small decrease, 0.1 percent. Both output and hours in the sector were revised down but 

output was revised more than hours. 

In both of these sectors, hourly compensation also grew more than reported in December. 

Unit labor costs rose more rapidly than previously reported, reflecting both the higher hourly 

compensation and the lower productivity growth. 
7 

In the manufacturing sector, productivity was revised down in the third quarter due 

primarily to a downward revision to output. An upward revision to hourly compensation, 

combined with the downward revision to productivity, led to a smaller drop in unit labor costs 

than previously reported. 

Manufacturing sector productivity and costs measures reflect historical revisions to the 

source data. Annual indexes of real output for manufacturing and its durable and nondurable 

goods components were revised by BLS beginning with data for 1997 due to incorporation of 

information on intermediate inputs from the U.S. Department of Commerce ( described in the 

BLS news release, “Trends in Multifactor Productivity in Manufacturing, 2002, 2003, and 

2004,” December 6, 2006 (http://www.bls.gov/news.release/prod5.nr0.htm ). Annual indexes 

also were revised from 1987 forward due to a change in the way intrasector transactions are 

estimated. These transactions are excluded from sectoral output for the manufacturing sector. 

Quarterly changes in manufacturing output and related measures now reflect revised Indexes of 

Industrial Production, published by the Board of Governors of the Federal Reserve System on 

December 11, 2006. Appendix tables 1-3 display quarterly and annual data for manufacturing, 

durable manufacturing, and nondurable manufacturing beginning in 2001. Quarterly historical 

data are available on the BLS website. Annual historical data for total manufacturing and its 

subsectors are presented in appendix tables 4-6. 

Table C. Previous and revised productivity and related measures 

Quarterly percent change at seasonally adjusted annual rate 

 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

 Third quarter 2006 

Business: 

 Previous ....................... 0.4 2.2 1.8 2.9 -0.1 2.5 

 Revised......................... 0.1 1.9 1.8 3.4 0.4 3.3 

Nonfarm business: 

 Previous ....................... 0.2 2.3 2.1 2.6 -0.4 2.3 

 Revised......................... -0.1 1.9 2.0 3.1 0.1 3.2 

Manufacturing: 

 Previous ....................... 6.7 5.1 -1.6 2.4 -0.5 -4.1 

 Revised......................... 6.3 4.8 -1.5 3.3 0.3 -2.9 
8 

Revised measures: Nonfinancial Corporations 

Revised third-quarter productivity and costs measures for nonfinancial corporations also 

were announced today. In the third quarter of 2006, increases in productivity, output, and hours 

were about the same as reported on Dec. 5, 2006. Both productivity and hourly compensation 

were revised up. Because the revision to hourly compensation was larger than that to 

productivity, unit labor costs decreased less than previously reported (table D). 

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

Quarterly percent changes at seasonally adjusted annual rates 

 

 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Unit 

profits 

Implicit 

price 

deflator 

Third quarter 2006 

Previous 5.6 7.3 1.6 2.8 -0.1 -2.7 27.6 0.2 

Revised 5.7 7.3 1.5 3.3 0.4 -2.3 30.2 0.5 

The measure of real output for the nonfinancial corporate sector has been revised by the 

Bureau of Economic Analysis (BEA), U.S. Department of Commerce. As a result, several 

measures for this sector were revised back to the first quarter of 2003. Recent quarterly and 

annual data for nonfinancial corporations are shown in table 6. Appendix table 7 provides data 

for 2003. Complete historical series are available on the BLS website. 

Next release date

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

March 6, 2007. Revised fourth-quarter and annual average measures for business, nonfarm 

business, and manufacturing will be released at that time. This release will incorporate the 

annual benchmark revision to the employment levels in the BLS establishment survey data that 

were released February 2. All employment and hours series will incorporate new information on 

seasonal patterns. 
9 

TECHNICAL NOTES 

Labor Hours: Hours data for the labor productivity and cost measures include hours for all 

persons working in the sector—wage and salary workers, the self-employed and unpaid family 

workers. The primary source of hours and employment data is the BLS Current Employment 

Statistics (CES) program, which provides monthly survey data on the number of jobs held by 

wage and salary workers in nonfarm establishments. The CES also provides average weekly 

paid hours of production and nonsupervisory workers in these establishments. Weekly paid 

hours are adjusted to hours at work using data from the National Compensation Survey (NCS). 

The BLS Hours at Work survey, conducted for this purpose, was used for earlier years. The 

Office of Productivity and Technology estimates average weekly hours at work for 

nonproduction and supervisory workers using information from the Current Population Survey 

(CPS), the CES, and the NCS. 

Data from the CPS are used for farm labor, nonfarm proprietors, and nonfarm unpaid 

family workers. Estimates of labor input for government enterprises are derived from the CPS, 

the CES, and the National Income and Product Accounts (NIPA) prepared by the Bureau of 

Economic Analysis (BEA) of the Department of Commerce. 

The CES measures jobs, counting a person who is employed by two or more 

establishments at each place of employment. In contrast, the CPS features measures of 

employment that count each person only once and classify each person according to his or her 

primary job; hours worked at all jobs by that person accrue to his or her primary job. However, 

the CPS also collects more detailed information on employment and hours worked at primary 

jobs and all other jobs, separately. The BLS productivity measures use the more detailed 

information on employment and hours to assign all hours worked to the correct industrial sector 

and avoid duplicating hours data from the CES. 

Output: Business sector output is an annual-weighted index constructed after excluding from 

gross domestic product (GDP) the following outputs: general government, nonprofit institutions, 

and private households (including owner-occupied housing). Corresponding exclusions also are 

made in labor inputs. Business output accounted for about 78 percent of the value of GDP in 

2000. Nonfarm business, which also excludes farming, accounted for about 77 percent of GDP in 

2000. 

Annual indexes for manufacturing and its durable and nondurable goods components are 

constructed by deflating current-dollar industry value of production data from the U.S. Bureau of 

the Census with deflators from the 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 

manu-facturing. Nondurables include: food manufacturing; beverage and tobacco product 

manufac-turing; 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, 
10 

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 

2004 I 131.4 151.7 115.5 154.4 118.5 117.5 122.9 119.5 

 II 132.8 153.5 115.6 155.8 118.3 117.3 126.2 120.6 

 III 133.0 154.8 116.4 157.5 119.1 118.5 125.5 121.1 

 IV 133.5 155.8 116.7 160.1 120.0 119.9 125.8 122.1 

 ANNUAL 132.7 154.0 116.1 157.0 119.0 118.3 125.1 120.8 

2005 I 134.5 157.4 117.0 161.6 120.4 120.1 127.9 123.0 

 II 134.9 159.0 117.9 162.0 119.5 120.0 130.0 123.7 

 III 136.6 160.9 117.8 165.2 120.3 121.0 131.1 124.7 

 IV 136.7 161.7 118.3 166.5 120.3 121.8 132.3 125.7 

 ANNUAL 135.7 159.8 117.7 163.8 120.2 120.7 130.3 124.3 

2006 I 138.2 164.3 118.9 171.9 123.6 124.4 130.2 126.6 

 II 138.6 165.4 119.4 171.3 121.6 123.6 134.1 127.5 

 III r138.6 r166.2 r119.9 r172.7 r121.8 r124.7 r133.3 r127.9 

 IV 139.4 167.9 120.4 174.5 123.7 125.2 133.2 128.2 

 ANNUAL 138.7 165.9 119.7 172.6 122.6 124.5 132.7 127.5 

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

 Percent change from previous quarter at annual rate(5) 

2004 I 3.2 4.5 1.2 2.1 -1.5 -1.1 11.8 3.6 

 II 4.5 4.8 0.3 3.5 -0.5 -0.9 11.1 3.6 

 III 0.5 3.4 2.9 4.7 2.5 4.1 -2.0 1.7 

 IV 1.6 2.6 1.0 6.7 3.0 5.0 0.9 3.4 

 ANNUAL 3.1 4.4 1.3 3.8 1.1 0.7 5.8 2.6 

2005 I 3.1 4.2 1.0 3.9 1.5 0.7 6.7 3.0 

 II 1.2 4.1 2.9 0.8 -2.9 -0.4 6.6 2.3 

 III 5.0 4.9 -0.1 8.3 2.7 3.2 3.6 3.3 

 IV 0.2 1.8 1.6 3.1 -0.2 2.9 3.6 3.2 

 ANNUAL 2.3 3.7 1.4 4.4 1.0 2.1 4.2 2.9 

2006 I 4.5 6.7 2.1 13.6 11.3 8.7 -6.2 2.7 

 II 1.1 2.7 1.7 -1.4 -6.1 -2.5 12.4 3.1 

 III r0.1 r1.9 1.8 r3.4 r0.4 r3.3 r-2.1 r1.2 

 IV 2.4 4.1 1.7 4.2 6.6 1.7 -0.5 0.9 

 ANNUAL 2.2 3.9 1.6 5.4 2.1 3.1 1.8 2.6 

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

 Percent change from corresponding quarter of previous year 

2004 I 4.5 5.1 0.6 4.3 2.4 -0.1 5.5 1.9 

 II 3.8 5.2 1.3 3.3 0.5 -0.5 8.1 2.7 

 III 1.7 3.5 1.7 3.3 0.6 1.6 4.5 2.7 

 IV 2.5 3.8 1.3 4.2 0.9 1.7 5.3 3.1 

 ANNUAL 3.1 4.4 1.3 3.8 1.1 0.7 5.8 2.6 

2005 I 2.4 3.8 1.3 4.7 1.6 2.2 4.1 2.9 

 II 1.6 3.6 1.9 4.0 1.0 2.3 3.0 2.6 

 III 2.7 3.9 1.2 4.9 1.1 2.1 4.4 3.0 

 IV 2.4 3.7 1.3 4.0 0.3 1.6 5.1 3.0 

 ANNUAL 2.3 3.7 1.4 4.4 1.0 2.1 4.2 2.9 

2006 I 2.7 4.4 1.6 6.4 2.6 3.6 1.8 2.9 

 II 2.7 4.0 1.3 5.8 1.7 3.0 3.2 3.1 

 III 1.5 r3.3 1.8 r4.5 r1.2 r3.1 r1.7 2.5 

 IV 2.0 3.8 1.8 4.8 2.8 2.8 0.7 1.9 

 ANNUAL 2.2 3.9 1.6 5.4 2.1 3.1 1.8 2.6 

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

See footnotes following Table 6. February 7, 2007 

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 

2004 I 130.5 151.9 116.4 153.4 117.8 117.6 123.6 119.8 

 II 132.2 153.9 116.4 154.8 117.6 117.2 126.8 120.7 

 III 132.2 155.1 117.3 156.6 118.3 118.4 126.6 121.4 

 IV 132.4 156.0 117.8 158.7 118.9 119.9 127.0 122.5 

 ANNUAL 131.8 154.2 117.0 155.9 118.2 118.3 126.0 121.1 

2005 I 133.5 157.6 118.0 160.4 119.5 120.1 129.4 123.5 

 II 134.3 159.4 118.6 161.0 118.9 119.9 131.8 124.3 

 III 135.8 161.3 118.8 164.1 119.5 120.9 133.1 125.3 

 IV 135.8 162.0 119.3 165.3 119.4 121.7 134.3 126.4 

 ANNUAL 134.9 160.0 118.7 162.7 119.3 120.7 132.2 124.9 

2006 I 137.2 164.6 120.0 170.6 122.6 124.4 132.2 127.3 

 II 137.6 165.7 120.4 170.1 120.8 123.6 136.4 128.3 

 III r137.5 r166.5 r121.0 r171.4 r120.8 r124.6 r135.4 r128.6 

 IV 138.6 168.2 121.4 173.4 122.9 125.2 134.9 128.7 

 ANNUAL 137.7 166.2 120.7 171.4 121.8 124.5 134.7 128.2 

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

 Percent change from previous quarter at annual rate(5) 

2004 I 1.9 3.6 1.7 1.3 -2.2 -0.5 10.8 3.6 

 II 5.1 5.2 0.1 3.7 -0.4 -1.4 10.6 3.1 

 III 0.2 3.2 3.0 4.5 2.3 4.3 -0.6 2.4 

 IV 0.4 2.4 2.0 5.6 2.0 5.1 1.3 3.7 

 ANNUAL 3.0 4.3 1.3 3.6 0.9 0.7 5.4 2.4 

2005 I 3.6 4.2 0.6 4.3 1.9 0.7 7.7 3.3 

 II 2.3 4.4 2.1 1.6 -2.0 -0.7 7.8 2.5 

 III 4.4 4.9 0.4 7.8 2.2 3.3 3.9 3.5 

 IV -0.1 1.8 1.8 2.9 -0.4 3.0 3.7 3.3 

 ANNUAL 2.3 3.8 1.5 4.4 1.0 2.0 4.9 3.1 

2006 I 4.3 6.7 2.3 13.7 11.3 9.0 -6.2 2.9 

 II 1.2 2.7 1.5 -1.2 -5.9 -2.4 13.3 3.4 

 III r-0.1 r1.9 r2.0 r3.1 r0.1 r3.2 r-2.8 r0.8 

 IV 3.0 4.2 1.2 4.8 7.1 1.7 -1.6 0.4 

 ANNUAL 2.1 3.9 1.7 5.3 2.1 3.2 1.9 2.7 

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

 Percent change from corresponding quarter of previous year 

2004 I 4.3 5.1 0.7 4.2 2.3 -0.1 4.5 1.6 

 II 4.1 5.3 1.2 3.4 0.6 -0.7 7.3 2.3 

 III 1.6 3.4 1.7 3.2 0.4 1.5 4.2 2.5 

 IV 1.9 3.6 1.7 3.8 0.4 1.8 5.4 3.2 

 ANNUAL 3.0 4.3 1.3 3.6 0.9 0.7 5.4 2.4 

2005 I 2.3 3.8 1.4 4.5 1.5 2.2 4.7 3.1 

 II 1.6 3.6 1.9 4.0 1.0 2.3 4.0 3.0 

 III 2.7 4.0 1.3 4.8 1.0 2.1 5.1 3.3 

 IV 2.5 3.8 1.2 4.1 0.4 1.6 5.7 3.2 

 ANNUAL 2.3 3.8 1.5 4.4 1.0 2.0 4.9 3.1 

2006 I 2.7 4.4 1.7 6.4 2.6 3.6 2.2 3.0 

 II 2.4 4.0 1.5 5.6 1.6 3.1 3.4 3.3 

 III r1.3 r3.2 1.9 r4.5 r1.1 r3.1 r1.8 2.6 

 IV 2.1 3.9 1.8 4.9 3.0 2.8 0.4 1.9 

 ANNUAL 2.1 3.9 1.7 5.3 2.1 3.2 1.9 2.7 

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

See footnotes following Table 6. February 7, 2007 

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 

2004 I r161.7 r138.0 85.4 157.5 120.8 r97.4 

 II r163.0 r138.6 85.0 159.8 121.4 r98.0 

 III r164.1 r139.4 84.9 163.0 123.2 r99.3 

 IV r166.4 r140.5 84.4 165.5 124.0 r99.4 

 ANNUAL r163.8 r139.1 84.9 161.4 122.3 r98.5 

2005 I r168.7 r142.2 84.3 166.1 123.7 r98.5 

 II r171.1 r143.4 83.8 167.8 123.8 r98.0 

 III r172.5 r144.2 83.6 170.7 124.3 r98.9 

 IV r173.9 r147.0 84.5 170.9 123.4 r98.2 

 ANNUAL r171.6 r144.2 84.0 168.8 123.8 r98.4 

2006 I r175.6 r149.1 84.9 176.3 126.7 r100.4 

 II r177.0 r151.2 85.4 173.7 123.3 r98.1 

 III r179.8 r153.0 r85.1 r175.1 r123.4 r97.4 

 IV 180.8 152.4 84.3 178.2 126.3 98.6 

 ANNUAL 178.3 151.4 84.9 175.8 124.9 98.6 

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

 Percent change from previous quarter at annual rate(5) 

2004 I r-1.7 r0.4 2.2 -10.6 -13.7 r-9.0 

 II r3.3 r1.7 -1.6 5.9 1.8 r2.5 

 III r2.7 r2.2 -0.4 8.3 6.0 r5.5 

 IV r5.8 r3.4 -2.3 6.3 2.7 r0.5 

 ANNUAL r1.8 1.3 -0.5 2.0 -0.7 r0.2 

2005 I r5.5 r4.9 -0.5 1.5 -0.8 r-3.8 

 II r6.0 r3.3 -2.5 4.0 0.3 r-1.9 

 III r3.3 r2.2 -1.0 7.1 1.5 r3.7 

 IV r3.2 r7.9 4.6 0.5 -2.7 r-2.6 

 ANNUAL r4.7 r3.6 -1.1 4.6 1.2 r-0.1 

2006 I r3.9 r6.0 2.0 13.3 11.0 r9.0 

 II r3.3 r5.7 2.3 -5.8 -10.3 r-8.8 

 III r6.3 r4.8 r-1.5 r3.3 r0.3 r-2.9 

 IV 2.2 -1.6 -3.7 7.3 9.8 5.0 

 ANNUAL 3.9 5.0 1.1 4.1 0.9 0.2 

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

 Percent change from corresponding quarter of previous year 

2004 I r2.2 r0.4 -1.8 1.9 0.0 r-0.3 

 II r2.0 r1.4 -0.6 1.6 -1.1 r-0.4 

 III r0.7 r1.6 0.9 2.3 -0.4 r1.6 

 IV r2.5 r1.9 -0.6 2.2 -1.1 r-0.3 

 ANNUAL r1.8 1.3 -0.5 2.0 -0.7 r0.2 

2005 I r4.3 r3.0 -1.2 5.5 2.4 r1.1 

 II r5.0 r3.4 -1.5 5.0 2.0 r0.0 

 III r5.1 r3.5 -1.6 4.7 0.9 r-0.4 

 IV r4.5 r4.6 0.1 3.2 -0.5 r-1.2 

 ANNUAL r4.7 r3.6 -1.1 4.6 1.2 r-0.1 

2006 I r4.1 r4.9 0.7 6.1 2.4 r2.0 

 II r3.4 r5.5 1.9 3.5 -0.4 r0.1 

 III r4.2 r6.1 1.8 r2.6 r-0.7 r-1.5 

 IV 3.9 3.7 -0.2 4.3 2.3 0.3 

 ANNUAL 3.9 5.0 1.1 4.1 0.9 0.2 

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

See footnotes following Table 6. February 7, 2007 

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 

2004 I r184.9 r165.1 89.2 153.6 117.9 r83.1 

 II r185.4 r165.0 89.0 156.4 118.9 r84.4 

 III r185.8 r165.9 89.3 159.8 120.8 r86.0 

 IV r188.1 r167.2 88.9 161.7 121.2 r86.0 

 ANNUAL r186.1 r165.8 89.1 157.9 119.7 r84.9 

2005 I r190.7 r169.5 88.9 161.7 120.5 r84.8 

 II r193.6 r171.5 88.6 162.8 120.2 r84.1 

 III r196.7 r174.4 88.7 165.8 120.8 r84.3 

 IV r201.1 r180.4 89.7 165.8 119.8 r82.5 

 ANNUAL r195.5 r174.0 89.0 164.1 120.3 r83.9 

2006 I r203.1 r182.9 90.0 172.1 123.6 r84.7 

 II r205.9 r187.0 90.9 169.6 120.4 r82.4 

 III r210.1 r189.6 90.2 r171.9 r121.2 r81.8 

 IV 211.9 189.3 89.4 175.2 124.2 82.7 

 ANNUAL 207.7 187.2 90.1 172.2 122.3 82.9 

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

 Percent change from previous quarter at annual rate(5) 

2004 I r-2.3 r1.8 4.2 -16.1 -19.0 r-14.1 

 II r1.0 r-0.3 -1.2 7.5 3.3 r6.4 

 III r0.8 r2.3 1.5 8.9 6.6 r8.0 

 IV r5.1 r3.0 -1.9 5.0 1.4 r-0.1 

 ANNUAL r1.2 1.8 0.6 0.7 -1.9 r-0.5 

2005 I r5.7 r5.8 0.1 0.0 -2.3 r-5.4 

 II r6.3 r4.8 -1.4 2.8 -1.0 r-3.3 

 III 6.5 r6.9 0.4 7.5 1.9 r1.0 

 IV r9.4 r14.6 4.8 0.0 -3.2 r-8.5 

 ANNUAL r5.1 r4.9 -0.1 3.9 0.5 r-1.1 

2006 I r4.1 r5.5 1.4 15.9 13.5 r11.3 

 II r5.5 r9.4 3.8 -5.5 -10.0 r-10.4 

 III r8.6 r5.5 -2.9 r5.5 r2.5 r-2.9 

 IV 3.3 -0.5 -3.7 7.9 10.4 4.5 

 ANNUAL 6.2 7.6 1.3 5.0 1.7 -1.2 

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

 Percent change from corresponding quarter of previous year 

2004 I r2.5 r1.5 -1.0 0.4 -1.4 r-2.1 

 II 1.8 2.2 0.4 0.5 -2.3 -1.3 

 III -0.7 1.8 2.5 1.2 -1.5 1.9 

 IV r1.1 r1.7 0.6 0.8 -2.5 r-0.4 

 ANNUAL r1.2 1.8 0.6 0.7 -1.9 r-0.5 

2005 I r3.1 r2.7 -0.4 5.3 2.2 r2.1 

 II 4.4 4.0 -0.4 4.1 1.1 -0.3 

 III r5.9 5.1 -0.7 3.8 0.0 r-2.0 

 IV r6.9 r8.0 1.0 2.5 -1.2 r-4.1 

 ANNUAL r5.1 r4.9 -0.1 3.9 0.5 r-1.1 

2006 I r6.5 r7.9 1.3 6.4 2.6 r-0.1 

 II r6.3 r9.1 2.6 4.2 0.2 r-2.0 

 III r6.8 r8.7 1.7 r3.7 r0.3 -3.0 

 IV 5.3 4.9 -0.4 5.7 3.7 0.3 

 ANNUAL 6.2 7.6 1.3 5.0 1.7 -1.2 

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

See footnotes following Table 6. February 7, 2007 

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 

2004 I r138.4 r110.1 79.6 163.0 125.1 r117.8 

 II r140.6 r111.2 79.1 164.2 124.8 r116.8 

 III r142.6 r111.8 78.4 166.9 126.2 r117.0 

 IV r145.0 r112.8 77.8 170.5 127.8 r117.6 

 ANNUAL r141.6 r111.5 78.7 166.1 125.9 r117.3 

2005 I r147.0 r113.9 77.5 172.3 128.4 r117.2 

 II r149.2 r114.3 76.6 175.0 129.1 r117.2 

 III r149.5 r113.5 75.9 177.5 129.3 r118.7 

 IV r148.3 r113.8 76.7 178.1 128.7 r120.1 

 ANNUAL r148.5 r113.9 76.7 175.7 128.9 r118.3 

2006 I r149.6 r115.6 77.3 181.9 130.7 r121.6 

 II r150.3 r116.1 77.3 178.7 126.9 r119.0 

 III r151.4 r117.3 r77.5 r178.5 r125.8 r117.9 

 IV 151.7 116.4 76.7 181.1 128.4 119.4 

 ANNUAL 150.7 116.3 77.2 180.0 127.9 119.4 

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

 Percent change from previous quarter at annual rate(5) 

2004 I r-0.1 r-1.2 -1.1 0.3 -3.2 r0.4 

 II r6.6 r4.1 -2.3 3.1 -0.9 r-3.3 

 III r5.9 r2.0 -3.6 6.8 4.5 r0.9 

 IV r6.7 r3.7 -2.8 8.8 5.1 r2.0 

 ANNUAL r3.2 0.8 -2.4 4.2 1.5 r1.0 

2005 I r5.6 r3.8 -1.7 4.3 1.9 r-1.2 

 II r6.4 r1.6 -4.4 6.3 2.5 r-0.1 

 III r0.8 -2.8 -3.5 5.9 0.4 r5.1 

 IV r-3.2 r0.9 4.2 1.4 -1.9 r4.7 

 ANNUAL r4.9 r2.1 -2.6 5.8 2.3 r0.9 

2006 I r3.4 r6.6 3.1 8.8 6.5 r5.2 

 II r1.8 r1.7 -0.2 -6.7 -11.1 r-8.4 

 III r3.0 r4.1 r1.0 r-0.6 r-3.5 r-3.6 

 IV 0.9 -3.0 -3.9 6.1 8.5 5.1 

 ANNUAL 1.5 2.2 0.7 2.5 -0.7 1.0 

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

 Percent change from corresponding quarter of previous year 

2004 I r2.2 r-0.9 -3.1 4.6 2.7 r2.3 

 II r2.8 r0.5 -2.2 3.6 0.8 r0.8 

 III r3.2 r1.4 -1.7 4.0 1.2 r0.8 

 IV r4.7 r2.1 -2.5 4.7 1.3 r0.0 

 ANNUAL r3.2 0.8 -2.4 4.2 1.5 r1.0 

2005 I r6.2 r3.4 -2.6 5.7 2.6 r-0.5 

 II r6.1 r2.8 -3.2 6.5 3.5 r0.4 

 III r4.8 r1.5 -3.1 6.3 2.5 r1.4 

 IV r2.3 r0.9 -1.4 4.5 0.7 r2.1 

 ANNUAL r4.9 r2.1 -2.6 5.8 2.3 r0.9 

2006 I r1.8 r1.5 -0.2 5.6 1.8 r3.7 

 II r0.7 r1.5 0.9 2.2 -1.7 r1.5 

 III r1.2 r3.3 2.0 r0.5 -2.7 r-0.7 

 IV 2.3 2.3 0.0 1.7 -0.2 -0.6 

 ANNUAL 1.5 2.2 0.7 2.5 -0.7 1.0 

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

See footnotes following Table 6. February 7, 2007 

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 

2004 I r137.4 r159.5 116.1 151.8 116.5 r110.5 r109.2 r110.1 r131.3 r112.0 

 II r138.2 r160.6 116.2 153.2 116.4 r110.8 r109.7 r110.5 r139.7 r113.1 

 III r139.7 r163.2 116.8 155.0 117.1 r110.9 r109.8 r110.6 r143.1 r113.5 

 IV r139.9 r164.0 117.2 157.1 117.7 r112.3 r110.2 r111.7 r143.6 r114.6 

 ANNUAL r138.8 r161.8 116.6 154.3 116.9 r111.1 r109.7 r110.7 r139.5 r113.3 

2005 I r141.1 r165.6 117.4 158.6 118.2 r112.4 r111.5 r112.2 r150.2 r115.6 

 II r142.3 r168.0 118.1 159.3 117.6 r111.9 r111.9 r111.9 r161.4 r116.4 

 III r142.7 r168.9 118.3 162.4 118.3 r113.8 r114.9 r114.1 r152.9 r117.6 

 IV r143.0 r170.4 119.1 163.6 118.2 r114.4 r113.3 r114.1 r163.7 r118.5 

 ANNUAL r142.3 r168.2 118.2 161.0 118.1 r113.1 r112.9 r113.1 r157.1 r117.0 

2006 I r146.9 r175.6 119.6 168.5 121.1 r114.7 r111.1 r113.8 r177.3 r119.4 

 II r145.3 r174.4 120.1 168.2 119.4 r115.8 r113.7 r115.2 r172.1 r120.3 

 III r147.3 r177.5 r120.5 r169.6 r119.5 r115.1 r111.7 r114.2 r183.8 r120.4 

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

 Percent change from previous quarter at annual rate(5) 

2004 I r2.3 r5.0 2.7 -0.5 -3.9 r-2.7 r-3.0 r-2.8 r54.5 r1.8 

 II r2.3 r2.8 0.5 3.7 -0.3 r1.4 r1.8 r1.5 r28.0 r4.1 

 III r4.5 r6.6 2.0 4.7 2.5 r0.2 r0.4 r0.2 r10.2 r1.3 

 IV r0.4 r2.0 1.5 5.6 2.0 r5.2 r1.5 r4.2 r1.3 r3.8 

 ANNUAL r3.1 r4.5 1.3 3.2 0.5 r0.1 r-1.2 r-0.3 r26.9 r2.1 

2005 I r3.6 r4.1 0.5 4.0 1.6 r0.4 r5.0 r1.6 r19.7 r3.5 

 II r3.3 r5.7 2.4 1.6 -2.1 r-1.6 r1.5 r-0.8 r33.6 r2.8 

 III r1.2 r2.2 1.0 8.2 2.6 r7.0 r11.1 r8.1 r-19.6 r4.3 

 IV r1.0 r3.6 2.6 3.0 -0.3 r2.0 r-5.4 r0.0 r31.2 r3.3 

 ANNUAL r2.5 r4.0 1.4 4.4 1.0 r1.8 r3.0 r2.1 r12.6 r3.3 

2006 I 11.1 13.0 1.7 12.4 10.1 1.2 -7.7 -1.2 37.9 3.1 

 II -4.3 -2.7 1.6 -0.7 -5.4 3.7 9.6 5.3 -11.4 2.9 

 III r5.7 7.3 r1.5 r3.3 r0.4 r-2.3 r-6.6 -3.4 r30.2 r0.5 

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

 Percent change from corresponding quarter of previous year 

2004 I r4.1 r4.7 0.6 3.8 2.0 r-0.2 r-3.1 r-1.0 r27.5 r1.4 

 II r3.3 r4.5 1.2 2.9 0.1 r-0.3 r-1.2 r-0.6 r32.1 r2.2 

 III r2.8 r4.7 1.8 2.8 0.0 r-0.1 r-0.8 r-0.3 r26.9 r2.2 

 IV r2.4 r4.1 1.7 3.4 0.0 r1.0 r0.2 r0.8 r21.9 r2.8 

 ANNUAL r3.1 r4.5 1.3 3.2 0.5 r0.1 r-1.2 r-0.3 r26.9 r2.1 

2005 I r2.7 r3.9 1.1 4.5 1.5 r1.7 r2.2 r1.9 r14.4 r3.2 

 II r3.0 r4.6 1.6 4.0 1.0 r1.0 r2.1 r1.3 r15.6 r2.9 

 III r2.1 r3.5 1.4 4.8 1.0 r2.7 r4.7 r3.2 r6.8 r3.6 

 IV r2.2 r3.9 1.6 4.2 0.4 r1.9 r2.9 r2.1 r14.0 r3.5 

 ANNUAL r2.5 r4.0 1.4 4.4 1.0 r1.8 r3.0 r2.1 r12.6 r3.3 

2006 I r4.0 r6.0 1.9 6.2 2.5 r2.1 r-0.4 r1.4 r18.1 r3.4 

 II r2.1 r3.8 1.7 5.6 1.6 r3.5 r1.5 r2.9 r6.6 r3.4 

 III r3.2 r5.1 r1.8 r4.4 r1.0 r1.1 r-2.8 r0.1 r20.2 r2.4 

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

See footnotes following Table 6. February 7, 2007 

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 –1.3 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 2006. 

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 1978-2005 is based on the Consumer Price Index research 

series (CPI-U-RS). 

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

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

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

enterprises. 

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

(5) Quarterly changes: Percent change compounded at annual rate from the original data rather 

than index numbers. Annual changes: Percent change between annual average levels. 

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

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

payments. 

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

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

consumption adjustments. 
18 

Appendix table 1. 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 

 2001 I r140.0 r140.4 100.3 138.1 112.4 r98.6 

 II r140.8 r138.0 98.0 137.4 111.0 r97.5 

 III r141.3 r135.4 95.8 137.0 110.4 r97.0 

 IV r144.3 r133.4 92.5 139.0 112.1 r96.3 

 ANNUAL r141.5 r136.8 96.6 137.9 111.5 r97.4 

 2002 I r147.8 r134.2 90.8 144.6 116.2 r97.9 

 II r150.5 r136.1 90.4 147.6 117.8 r98.1 

 III r153.0 r137.0 89.5 149.1 118.3 r97.4 

 IV r154.8 r136.8 88.4 150.2 118.5 r97.1 

 ANNUAL r151.5 r136.0 89.8 147.8 117.7 r97.6 

 2003 I r158.2 r137.5 86.9 154.6 120.8 r97.7 

 II r159.9 r136.7 85.5 157.2 122.8 r98.3 

 III r163.0 r137.2 84.2 159.4 123.7 r97.8 

 IV r162.4 r137.9 84.9 162.0 125.4 r99.7 

 ANNUAL r160.8 r137.3 85.4 158.2 123.2 r98.4 

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

 Percent change from previous quarter at annual rate(5) 

 2001 I r-0.3 r-6.9 -6.6 4.1 0.2 r4.4 

 II r2.4 r-6.6 -8.7 -2.1 -4.8 r-4.4 

 III r1.3 r-7.4 -8.6 -1.0 -2.0 r-2.3 

 IV r8.7 r-5.8 -13.3 5.9 6.3 r-2.6 

 ANNUAL 1.5 -5.1 -6.5 2.3 -0.5 0.8 

 2002 I r10.0 r2.4 -6.9 17.1 15.4 r6.4 

 II r7.6 r5.8 -1.7 8.6 5.4 r0.9 

 III r6.8 r2.7 -3.9 4.1 1.8 r-2.5 

 IV r4.7 r-0.7 -5.2 3.1 0.7 r-1.5 

 ANNUAL 7.0 -0.6 -7.1 7.3 5.6 0.2 

 2003 I r9.2 r2.2 -6.4 12.1 7.9 r2.7 

 II 4.2 r-2.4 -6.3 7.0 6.8 2.7 

 III r8.1 r1.6 -6.0 5.6 3.0 r-2.4 

 IV r-1.4 r2.1 3.5 6.7 5.5 r8.2 

 ANNUAL 6.2 1.0 -4.9 7.0 4.6 0.8 

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

 Percent change from corresponding quarter of previous year 

 2001 I r1.3 r-2.5 -3.7 3.7 0.2 r2.3 

 II r1.0 -5.0 -5.9 3.6 0.3 2.7 

 III r1.5 r-6.2 -7.7 0.8 -1.8 r-0.7 

 IV r3.0 r-6.7 -9.3 1.7 -0.2 r-1.3 

 ANNUAL 1.5 -5.1 -6.5 2.3 -0.5 0.8 

 2002 I r5.5 r-4.4 -9.4 4.7 3.4 r-0.8 

 II 6.9 -1.4 -7.7 7.5 6.1 0.5 

 III r8.3 r1.2 -6.6 8.8 7.1 r0.5 

 IV r7.3 r2.5 -4.4 8.1 5.7 r0.7 

 ANNUAL 7.0 -0.6 -7.1 7.3 5.6 0.2 

 2003 I r7.1 r2.5 -4.3 6.9 3.9 r-0.2 

 II r6.2 0.4 -5.4 6.5 4.3 r0.3 

 III r6.5 r0.2 -6.0 6.9 4.6 r0.3 

 IV r4.9 r0.8 -3.9 7.8 5.8 r2.7 

 ANNUAL 6.2 1.0 -4.9 7.0 4.6 0.8 

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

 See footnotes following Table 6. February 7, 2007 

 r=revised Source: Bureau of Labor Statistics 
19 

Appendix table 2. 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 

 2001 I r157.6 r168.0 106.6 136.3 110.9 r86.5 

 II r158.2 r164.3 103.9 135.8 109.8 r85.9 

 III r158.7 r159.9 100.7 135.5 109.2 r85.4 

 IV r161.3 r155.8 96.6 137.9 111.3 r85.5 

 ANNUAL r158.9 r162.0 101.9 136.4 110.3 r85.8 

 2002 I r165.7 r156.9 94.7 141.9 114.1 r85.6 

 II r169.5 r160.0 94.4 145.0 115.7 r85.5 

 III r173.2 r161.8 93.4 146.0 115.9 r84.3 

 IV r176.7 r161.9 91.7 147.3 116.2 r83.4 

 ANNUAL r171.2 r160.1 93.5 145.0 115.5 r84.7 

 2003 I r180.4 r162.6 90.1 153.1 119.6 r84.8 

 II r182.2 r161.4 88.6 155.7 121.6 r85.4 

 III r187.1 r163.0 87.1 157.9 122.6 r84.4 

 IV r186.0 r164.3 88.3 160.5 124.3 r86.3 

 ANNUAL r183.9 r162.8 88.5 156.8 122.0 r85.3 

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

 Percent change from previous quarter at annual rate(5) 

 2001 I r-1.1 r-8.5 -7.4 2.5 -1.3 r3.6 

 II r1.4 r-8.5 -9.8 -1.3 -4.1 r-2.7 

 III r1.4 r-10.4 -11.6 -0.8 -1.9 r-2.2 

 IV r6.6 r-9.7 -15.2 7.2 7.6 r0.6 

 ANNUAL r0.6 -6.7 -7.2 1.6 -1.2 1.0 

 2002 I r11.5 r2.7 -7.9 12.1 10.5 r0.5 

 II r9.4 r8.2 -1.1 9.0 5.8 r-0.4 

 III r9.1 r4.5 -4.2 2.9 0.7 r-5.6 

 IV r8.2 r0.4 -7.2 3.7 1.3 r-4.2 

 ANNUAL 7.8 -1.1 -8.3 6.4 4.7 -1.3 

 2003 I r8.8 r1.6 -6.6 16.5 12.2 r7.1 

 II r4.0 -2.8 -6.5 6.9 6.7 2.9 

 III r11.2 r4.0 -6.5 5.8 3.3 r-4.8 

 IV r-2.2 r3.3 5.6 6.9 5.7 r9.3 

 ANNUAL 7.4 1.7 -5.3 8.1 5.7 0.7 

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

 Percent change from corresponding quarter of previous year 

 2001 I r0.5 r-2.8 -3.3 2.2 -1.2 r1.7 

 II -0.1 -6.2 -6.1 3.0 -0.3 3.1 

 III r0.3 r-8.3 -8.6 -0.1 -2.7 r-0.5 

 IV r2.0 r-9.3 -11.1 1.8 0.0 r-0.2 

 ANNUAL r0.6 -6.7 -7.2 1.6 -1.2 1.0 

 2002 I r5.1 r-6.6 -11.2 4.1 2.9 r-1.0 

 II r7.1 r-2.6 -9.1 6.7 5.4 r-0.4 

 III r9.1 r1.2 -7.3 7.7 6.1 r-1.3 

 IV r9.5 r3.9 -5.1 6.8 4.5 r-2.5 

 ANNUAL 7.8 -1.1 -8.3 6.4 4.7 -1.3 

 2003 I r8.9 r3.6 -4.8 7.9 4.9 r-0.9 

 II r7.5 r0.9 -6.1 7.4 5.1 r-0.1 

 III r8.0 r0.8 -6.7 8.1 5.8 r0.1 

 IV r5.3 r1.5 -3.6 9.0 6.9 r3.5 

 ANNUAL 7.4 1.7 -5.3 8.1 5.7 0.7 

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

 See footnotes following Table 6. February 7, 2007 

 r=revised Source: Bureau of Labor Statistics 
20 

Appendix table 3. 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 

 2001 I r123.0 r111.7 90.8 139.2 113.3 r113.2 

 II r123.8 r110.5 89.2 138.0 111.6 r111.5 

 III r123.7 r109.5 88.5 137.9 111.2 r111.5 

 IV r126.8 r109.3 86.2 139.3 112.4 r109.9 

 ANNUAL r124.3 r110.2 88.7 138.6 112.1 r111.5 

 2002 I r129.3 r110.0 85.1 148.1 119.1 r114.5 

 II r131.2 r110.9 84.5 150.9 120.4 r115.0 

 III r132.5 r111.0 83.8 153.3 121.6 r115.6 

 IV r132.4 r110.4 83.4 154.2 121.7 r116.5 

 ANNUAL r131.4 r110.6 84.2 151.6 120.7 r115.4 

 2003 I r135.4 r111.1 82.1 155.8 121.8 r115.1 

 II r136.8 r110.6 80.9 158.5 123.8 r115.9 

 III r138.2 r110.3 79.8 160.6 124.6 r116.1 

 IV r138.4 r110.4 79.8 162.8 126.1 r117.6 

 ANNUAL r137.2 r110.6 80.6 159.4 124.1 r116.2 

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

 Percent change from previous quarter at annual rate(5) 

 2001 I r-0.1 r-5.3 -5.2 7.9 3.9 r8.0 

 II 2.8 -4.2 -6.8 -3.4 -6.0 -6.0 

 III r-0.3 r-3.5 -3.2 -0.3 -1.4 r0.0 

 IV r10.5 r-0.6 -10.0 4.1 4.5 r-5.7 

 ANNUAL 2.2 -3.2 -5.4 4.0 1.2 1.8 

 2002 I r8.2 r2.5 -5.3 27.6 25.9 r18.0 

 II r6.0 3.2 -2.7 7.7 4.5 r1.6 

 III r4.1 r0.5 -3.4 6.5 4.2 r2.4 

 IV r-0.5 r-2.2 -1.7 2.5 0.1 r3.0 

 ANNUAL r5.7 r0.3 -5.1 9.4 7.6 3.5 

 2003 I r9.3 r2.7 -6.0 4.2 0.3 r-4.7 

 II r4.3 r-1.9 -6.0 7.2 7.0 r2.7 

 III r4.3 r-1.3 -5.3 5.2 2.7 r0.9 

 IV r0.5 r0.6 0.1 5.8 4.7 r5.3 

 ANNUAL r4.4 r0.0 -4.2 5.2 2.8 r0.7 

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

 Percent change from corresponding quarter of previous year 

 2001 I r2.3 r-2.2 -4.4 6.7 3.2 r4.3 

 II 1.9 r-3.6 -5.4 5.1 1.7 r3.1 

 III 2.4 -3.7 -5.9 3.1 0.5 r0.8 

 IV r3.1 r-3.4 -6.3 2.0 0.2 r-1.1 

 ANNUAL 2.2 -3.2 -5.4 4.0 1.2 1.8 

 2002 I 5.2 -1.5 -6.3 6.4 5.1 r1.1 

 II 6.0 0.4 -5.3 9.3 7.9 3.1 

 III r7.2 r1.4 -5.4 11.1 9.4 r3.7 

 IV r4.4 r1.0 -3.3 10.7 8.2 r6.0 

 ANNUAL r5.7 r0.3 -5.1 9.4 7.6 3.5 

 2003 I 4.6 1.0 -3.5 5.2 2.3 r0.5 

 II 4.2 r-0.2 -4.3 5.1 2.8 r0.8 

 III 4.3 r-0.7 -4.8 4.7 2.5 0.4 

 IV r4.6 r0.0 -4.3 5.6 3.6 r1.0 

 ANNUAL r4.4 r0.0 -4.2 5.2 2.8 r0.7 

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

 See footnotes following Table 6. February 7, 2007 

 r=revised Source: Bureau of Labor Statistics 
21 

 

Appendix table 4. 

 Manufacturing sector: Productivity, hourly compensation, and unit labor costs 

 Indexes 1992=100 

 Real 

 Output per Hours Compensa- compensa- Unit 

 hour of of all tion per tion per labor 

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

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

 1987 r89.1 r92.5 103.8 81.3 98.0 r91.2 

 1988 r90.9 r97.2 107.0 84.1 97.8 r92.5 

 1989 r91.8 r98.8 107.6 86.6 96.6 r94.3 

 1990 r93.8 r98.5 105.0 90.5 96.1 r96.4 

 1991 r96.3 r96.8 100.5 95.6 98.0 r99.2 

 1992 100.0 100.0 100.0 100.0 100.0 100.0 

 1993 r102.4 r103.9 101.4 102.0 99.5 r99.6 

 1994 r106.1 r110.0 103.8 105.3 100.6 r99.3 

 1995 r110.7 r115.8 104.6 107.3 100.1 r96.9 

 1996 r115.0 r119.7 104.2 109.3 99.3 r95.1 

 1997 r121.2 r128.5 106.0 112.2 99.8 r92.6 

 1998 r127.9 r135.2 105.7 118.8 104.2 r92.9 

 1999 r133.5 r140.3 105.1 123.4 106.0 r92.4 

 2000 r139.4 r144.1 103.4 134.7 112.0 r96.7 

 2001 r141.5 r136.8 96.6 137.9 111.5 r97.4 

 2002 r151.5 r136.0 89.8 147.8 117.7 r97.6 

 2003 r160.8 r137.3 85.4 158.2 123.2 r98.4 

 2004 r163.8 r139.1 84.9 161.4 122.3 r98.5 

 2005 r171.6 r144.2 84.0 168.8 123.8 r98.4 

 2006 r178.3 r151.4 r84.9 r175.8 r124.9 r98.6 

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

 See footnotes following Table 6. February 7, 2007 

 r=revised Source: Bureau of Labor Statistics 
22 

Appendix table 5. 

 Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs 

 Indexes 1992=100 

 Real 

 Output per Hours Compensa- compensa- Unit 

 hour of of all tion per tion per labor 

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

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

 1987 r88.5 r94.2 106.5 81.3 97.9 r91.8 

 1988 r90.4 r100.0 110.6 83.6 97.2 r92.5 

 1989 r91.1 r101.1 111.0 85.9 95.8 r94.3 

 1990 r92.9 r99.8 107.4 89.5 95.0 r96.3 

 1991 r94.6 r96.0 101.4 94.9 97.3 r100.3 

 1992 100.0 100.0 100.0 100.0 100.0 100.0 

 1993 r103.9 r105.4 101.4 101.9 99.4 r98.1 

 1994 r109.1 r114.2 104.7 105.4 100.7 r96.7 

 1995 r115.6 r123.3 106.6 106.7 99.5 r92.3 

 1996 r122.1 r131.0 107.3 108.1 98.2 r88.5 

 1997 r130.4 r144.0 110.5 110.6 98.4 r84.8 

 1998 r140.6 r156.0 111.0 117.1 102.7 r83.3 

 1999 r150.5 r166.4 110.6 122.4 105.2 r81.3 

 2000 r158.0 r173.5 109.8 134.2 111.6 r84.9 

 2001 r158.9 r162.0 101.9 136.4 110.3 r85.8 

 2002 r171.2 r160.1 93.5 145.0 115.5 r84.7 

 2003 r183.9 r162.8 88.5 156.8 122.0 r85.3 

 2004 r186.1 r165.8 89.1 157.9 119.7 r84.9 

 2005 r195.5 r174.0 89.0 164.1 120.3 r83.9 

 2006 r207.7 r187.2 r90.1 r172.2 r122.3 r82.9 

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

 See footnotes following Table 6. February 7, 2007 

 r=revised Source: Bureau of Labor Statistics 
23 

Appendix table 6. 

 Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs 

 Indexes 1992=100 

 Real 

 Output per Hours Compensa- compensa- Unit 

 hour of of all tion per tion per labor 

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

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

 1987 r91.5 r91.2 99.7 80.8 97.4 r88.3 

 1988 r93.2 r94.5 101.5 84.2 98.0 r90.4 

 1989 r93.9 r96.5 102.7 87.1 97.2 r92.8 

 1990 r95.8 r97.1 101.4 91.7 97.4 r95.7 

 1991 98.2 97.4 99.2 96.5 98.9 r98.3 

 1992 100.0 100.0 100.0 100.0 100.0 100.0 

 1993 r100.9 r102.3 101.4 102.3 99.8 r101.3 

 1994 r103.3 r105.6 102.3 104.7 100.1 r101.4 

 1995 r105.9 r107.6 101.6 107.8 100.6 r101.8 

 1996 r108.2 r107.7 99.5 110.8 100.7 r102.4 

 1997 r112.8 r112.1 99.4 114.1 101.5 r101.2 

 1998 r115.7 r113.3 97.9 120.3 105.5 r104.0 

 1999 r116.8 r113.1 96.9 123.6 106.2 r105.8 

 2000 r121.6 r113.9 93.7 133.2 110.8 r109.6 

 2001 r124.3 r110.2 88.7 138.6 112.1 r111.5 

 2002 r131.4 r110.6 84.2 151.6 120.7 r115.4 

 2003 r137.2 r110.6 80.6 159.4 124.1 r116.2 

 2004 r141.6 r111.5 78.7 166.1 125.9 r117.3 

 2005 r148.5 r113.9 76.7 175.7 128.9 r118.3 

 2006 r150.7 r116.3 r77.2 r180.0 r127.9 r119.4 

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

 See footnotes following Table 6. February 7, 2007 

 r=revised Source: Bureau of Labor Statistics 
24 

Appendix table 7. 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 

 2003 I r132.0 r152.3 115.3 146.2 114.2 r110.7 r112.6 r111.2 r102.9 r110.5 

 II r133.8 r153.6 114.8 148.8 116.2 r111.2 r111.0 r111.2 r105.7 r110.7 

 III r135.9 r155.9 114.7 150.8 117.1 r111.0 r110.7 r110.9 r112.8 r111.1 

 IV r136.6 r157.5 115.3 152.0 117.7 r111.2 r110.0 r110.9 r117.8 r111.5 

 ANNUAL r134.6 r154.8 115.0 149.4 116.3 r111.0 r111.1 r111.0 r109.9 r110.9 

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

 Percent change from previous quarter at annual rate(5) 

 2003 I r1.2 r-1.8 -3.0 3.5 -0.4 r2.3 r11.4 r4.7 r-26.5 r1.5 

 II r5.4 r3.6 -1.8 7.4 7.2 r1.9 r-5.6 r-0.2 r11.3 r0.7 

 III 6.4 6.1 -0.3 5.5 2.9 r-0.8 -1.2 r-0.9 r29.4 1.4 

 IV r2.2 r4.3 2.0 3.1 2.0 r0.9 r-2.5 r-0.1 r18.9 r1.6 

 ANNUAL r3.7 r2.2 -1.5 4.0 1.7 r0.3 r0.2 r0.3 r12.1 r1.2 

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

 Percent change from corresponding quarter of previous year 

 2003 I r3.7 r2.0 -1.6 3.2 0.3 r-0.5 r-0.4 r-0.4 r20.0 r1.0 

 II r3.4 r1.5 -1.9 3.7 1.5 r0.2 r0.3 r0.2 r11.9 r1.1 

 III r4.1 r2.4 -1.6 4.4 2.1 r0.3 r0.6 r0.4 r12.4 r1.4 

 IV r3.8 r3.0 -0.8 4.9 2.9 r1.0 r0.3 r0.8 r5.9 r1.3 

 ANNUAL r3.7 r2.2 -1.5 4.0 1.7 r0.3 r0.2 r0.3 r12.1 r1.2 

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

 See footnotes following Table 6. February 7, 2007 

 r=revised Source: Bureau of Labor Statistics