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Current data: (202) 691-5200 blsdata_staff@bls.gov UNTIL 8:30 A.M. EDT, 

Media contact: (202) 691-5902 THURSDAY, JUNE 2, 2005. 

PRODUCTIVITY AND COSTS 

First Quarter 2005, Revised 

 The Bureau of Labor Statistics of the U.S. Department of Labor today reported revised 

productivity data—as measured by output per hour of all persons—for the first quarter of 2005. 

The revised seasonally adjusted annual rates of productivity change in the first quarter were: 

 2.6 percent in the business sector and 

 2.9 percent in the nonfarm business sector. 

In both sectors, the first-quarter productivity gains were somewhat higher than those reported 

initially on May 5. 

 In manufacturing, the revised productivity changes in the first quarter were: 

4.4 percent in manufacturing, 

6.3 percent in durable goods manufacturing, and 

 2.4 percent in nondurable goods manufacturing. 

 Manufacturing productivity growth was faster than reported on May 5, reflecting an 

upward revision to productivity in nondurable goods manufacturing. Productivity growth in 

durable goods manufacturing was unchanged from the figure released last month. Output and 

hours in manufacturing, which includes about 13 percent of U.S. business-sector employment, 

tend to vary more from quarter to quarter than data for the aggregate business and nonfarm 

business sectors. First-quarter measures are summarized in table A and appear in detail in tables 

1 through 5. 

This release reports revised data on hours at work and related measures, including productivity 

and hourly compensation. The hours revision reflects implementation of a new methodology 

which utilizes information on employment and hours by primary and secondary job of nonfarm 

proprietors and unpaid family workers, all persons working in the farm sector, and all employees 

of government enterprises. These data are collected in the BLS Current Population Survey. See 

Change in Methodology (page 7). 
2 

 The data sources and methods used in the preparation of the manufacturing series differ 

from those used in preparing the business and nonfarm business series, and these measures are 

not directly comparable. Output measures for business and nonfarm business are based on 

measures of gross domestic product prepared by the Bureau of Economic Analysis of the U.S. 

Department of Commerce. Quarterly output measures for manufacturing reflect indexes of 

industrial production independently prepared by the Board of Governors of the Federal Reserve 

System. See Technical Notes for further information on data sources (page 8). 

Table A. Productivity and costs: Revised first-quarter 2005 measures 

(Seasonally adjusted annual rates) 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

 Percent change from preceding quarter 

Business 2.6 4.0 1.4 6.0 3.5 3.3 

Nonfarm business 2.9 4.0 1.1 6.3 3.9 3.3 

Manufacturing 4.4 3.5 -0.9 6.2 3.8 1.7 

 Durable 6.3 5.5 -0.8 6.5 4.1 0.2 

 Nondurable 2.4 1.3 -1.1 5.7 3.3 3.2 

 Percent change from same quarter a year ago 

Business 2.8 4.2 1.3 7.1 4.0 4.1 

Nonfarm business 2.6 4.0 1.4 7.0 3.9 4.3 

Manufacturing 5.7 4.6 -1.0 8.1 5.0 2.4 

 Durable 6.5 6.0 -0.5 8.3 5.2 1.7 

 Nondurable 4.9 2.9 -1.9 7.7 4.6 2.7 

Business 

 Productivity increased 2.6 percent in the business sector from the fourth quarter of 2004 

to the first quarter of 2005, as output increased 4.0 percent and hours worked by all persons grew 

1.4 percent (seasonally adjusted annual rates). Productivity had increased 3.8 percent in the 

previous quarter, reflecting increases in output and hours of 4.3 percent and 0.5 percent, 

respectively (table 1). 

 Hourly compensation increased 6.0 percent during the first quarter of 2005, after having 

increased 11.1 percent in the fourth quarter of 2004, as revised (seasonally adjusted annual 

rates). The fourth quarter increase was the largest in the sector since a 14.1-percent increase in 

the first quarter of 2000. This measure of compensation includes wages and salaries, 

supplements, employer contributions to employee benefit plans, and taxes. Real hourly 

compensation, which takes into account changes in consumer prices, rose by 3.5 percent in the 

first quarter of 2005, down from a 7.3-percent rise in the previous quarter. 
3 

Unit labor costs increased 3.3 percent during the first quarter of 2005, following a jump 

of 7.1 percent in the fourth quarter of 2004. The change in unit labor costs approximates the 

change in hourly compensation less the change in productivity. The implicit price deflator for 

business output, which reflects changes in both unit labor costs and unit nonlabor payments, 

grew by 2.6 percent in the first quarter of 2005. 

Nonfarm business 

 Productivity rose 2.9 percent in the nonfarm business sector during the first quarter of 

2005, reflecting a 4.0-percent rise in output and a 1.1-percent increase in hours of all persons 

(table 2). In fourth-quarter 2004, nonfarm productivity grew 2.3 percent as output grew 3.7 

percent and hours increased 1.4 percent. 

 Hourly compensation increased 6.3 percent in the first quarter of 2005. After revision, 

this measure grew at a 10.2 percent annual rate in the fourth quarter of 2004—faster than in any 

quarter since the first quarter of 2000, when hourly compensation increased 14.5 percent. When 

the rise in consumer prices is taken into account, real hourly compensation rose 3.9 in the first 

quarter of 2005. Real hourly compensation had increased 6.4 percent in the previous quarter. 

Unit labor costs grew 3.3 percent during the first quarter of 2005, less than the 7.7-

percent increase in the fourth quarter, as revised. The implicit price deflator for nonfarm business 

output rose by 2.8 percent in the first quarter of 2005. 

Manufacturing 

 Productivity rose 4.4 percent in manufacturing in the first quarter of 2005, as output grew 

3.5 percent and working hours of all persons declined 0.9 percent (seasonally adjusted annual 

rates). In durable goods industries, productivity grew 6.3 percent, as output expanded 5.5 

percent and hours fell 0.8 percent. In nondurable goods industries, productivity rose 2.4 percent, 

reflecting a 1.3 percent increase in output and a 1.1 percent decrease in hours (tables 3, 4, and 5). 

 Hourly compensation in manufacturing rose 6.2 percent during the first quarter. This 

increase reflects a rise of 6.5 percent in the hourly compensation of persons in durable goods 

industries and an increase of 5.7 percent in the hourly compensation of workers in nondurable 

goods industries. Real hourly compensation, which takes account of changes in consumer 

prices, rose 3.8 percent for all manufacturing workers. 

 Unit labor costs rose 1.7 percent in manufacturing during the first quarter. In durable 

goods industries, rapid productivity growth offset most of the increase in hourly compensation 

and unit labor costs increased by just 0.2 percent. In nondurable goods industries, where 

productivity grew at a slower rate in the first quarter, unit labor costs rose 3.2 percent. 
4 

Nonfinancial corporations 

Preliminary first-quarter 2005 measures of productivity and costs for nonfinancial 

corporations also were announced today (tables B and 6). Productivity rose 2.7 percent in the 

first quarter, as output increased 3.2 percent and employee-hours rose 0.5 percent (seasonally 

adjusted annual rates). As revised, productivity had increased at a 9.0-percent annual rate in the 

fourth quarter of 2004, as output grew 10.5 percent and employee-hours rose 1.3 percent. The 

nonfinancial corporate sector includes all corporations doing business in the United States, 

except those classified as depository institutions, nondepository institutions, security and 

commodity brokers, insurance carriers, regulated investment offices, small business investment 

offices, and real estate investment trusts. 

Table B. Nonfinancial corporations: Preliminary first-quarter 2005 productivity and cost 

measures 

(Seasonally adjusted annual rates) 

Period 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Unit 

profits 

Implicit 

price 

deflator 

Percent change from preceding quarter 

2005 I 2.7 3.2 0.5 6.8 4.4 4.1 -6.1 2.4 

Percent change from same quarter a year ago 

2005 I 4.9 6.2 1.2 7.0 3.9 2.0 10.8 2.1 

Hourly compensation rose 6.8 percent during the first quarter of 2005, following a 10.2 

percent increase in the fourth quarter of 2004 that was the largest gain since first-quarter 2000, 

when compensation per hour increased 15.2 percent (seasonally adjusted annual rates). When 

the rise in consumer prices is taken into account, real hourly compensation increased 4.4 percent 

in the first quarter of 2005. Unit labor costs in nonfinancial corporations rose 4.1 percent in the 

first quarter, more than in any quarter since third-quarter 2000, when they increased 4.9 percent. 

REVISED MEASURES 

 Previous and revised measures for the first quarter of 2005 in the business, nonfarm 

business, and manufacturing sectors are compared in table C. Productivity was revised up 

somewhat in all three sectors, due primarily to upward revisions in output as hours revisions 

were small. Hourly compensation and real hourly compensation were revised up in all sectors 

for the first quarter of 2005. Unit labor costs were revised up less than hourly compensation 

because compensation costs were somewhat offset by the upward revisions to productivity. 
5 

The BLS also announced revised results for the fourth quarter and annual average of 

2004. Productivity growth in the fourth quarter of 2004 was revised up slightly for the business 

and nonfarm business sectors, reflecting small downward revisions to hours. On the other hand, 

both sectors showed a 0.1 percentage-point decline for the year 2004, due to small upward 

revisions to annual average hours. In the manufacturing sector, changes in productivity, output, 

and hours were the same as reported May 5 for fourth-quarter and annual average 2004. 

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 

First quarter 2005 

Business: 

 Previous ....................... 2.1 3.6 1.5 4.3 1.9 2.2 

 Revised......................... 2.6 4.0 1.4 6.0 3.5 3.3 

Nonfarm business: 

 Previous ....................... 2.6 3.6 1.0 4.8 2.4 2.2 

 Revised......................... 2.9 4.0 1.1 6.3 3.9 3.3 

Manufacturing: 

 Previous ....................... 3.9 3.3 -0.7 4.9 2.5 0.9 

 Revised......................... 4.4 3.5 -0.9 6.2 3.8 1.7 

Fourth quarter 2004 

Business: 

 Previous ....................... 3.7 4.3 0.6 4.9 1.3 1.1 

 Revised......................... 3.8 4.3 0.5 11.1 7.3 7.1 

Nonfarm business: 

 Previous ....................... 2.1 3.7 1.6 3.8 0.2 1.7 

 Revised......................... 2.3 3.7 1.4 10.2 6.4 7.7 

Manufacturing: 

 Previous ....................... 6.3 4.9 -1.3 7.1 3.4 0.8 

 Revised......................... 6.3 4.9 -1.3 10.4 6.6 3.9 

Annual average 2004 

Business: 

 Previous ....................... 4.0 5.1 1.1 4.5 1.8 0.6 

 Revised......................... 3.9 5.1 1.2 4.9 2.2 1.0 

Nonfarm business: 

 Previous ....................... 4.1 5.3 1.2 4.5 1.7 0.4 

 Revised......................... 4.0 5.3 1.2 4.8 2.1 0.8 

Manufacturing: 

 Previous ....................... 5.3 4.8 -0.4 4.5 1.8 -0.7 

 Revised......................... 5.3 4.8 -0.4 4.7 2.0 -0.5 
6 

In all three sectors, hourly compensation and unit labor costs grew much more rapidly 

during the fourth quarter of 2004 than announced on May 5. In the business sector, hourly 

compensation growth was revised up from 4.9 percent to 11.1 percent and unit labor costs were 

revised up from 1.1 percent to 7.1 percent. In nonfarm business, hourly compensation growth 

went from 3.8 percent to 10.2 percent and unit labor costs went from 1.7 percent to 7.7 percent. 

In the manufacturing sector, hourly compensation growth was revised up from 7.1 percent to 

10.4 percent and the increase in unit labor costs was revised up from 0.8 percent to 3.9 percent. 

The revisions to fourth quarter data were large enough to change movements in the annual 

averages for these measures. For the full year 2004, both hourly compensation and unit labor 

costs increased more than previously reported in the business and nonfarm business sectors. In 

the manufacturing sector, hourly compensation increased 0.2 percentage point more—and unit 

labor costs declined 0.2 percentage-point less—than originally reported. 

The entire historical series of hours and related measures were also subject to revision 

due to a methodological change in the way hours are computed. At the aggregate level, trends in 

hours, and ratios based on hours, are very close to those in the previously-published measures. 

(See Change in Methodology on page 7, and appendix tables beginning on page 16.) 

REVISED MEASURES: NONFINANCIAL CORPORATIONS 

Fourth quarter and annual average 2004 measures also were revised for the nonfinancial 

corporate sector. In the fourth quarter of 2004, output and productivity were revised up 

sharply, and productivity rose 9.0 percent. Hourly compensation was revised up by more than 

productivity so unit labor costs also were revised up, and now show an increase of 1.1 percent 

rather than a decline of 0.8 percent. For the year 2004, productivity growth was revised up 

from 3.9 percent to 4.2 percent, due entirely to an upward revision to output growth from 5.4 

percent to 5.6 percent. The 2004 increase in hourly compensation was revised up slightly more 

than productivity—from 4.4 percent to 4.8 percent—and unit labor costs were revised up 0.1 

percent. 

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 

Fourth quarter 2004 

Previous 5.3 6.7 1.3 4.4 0.8 -0.8 38.5 2.2 

Revised 9.0 10.5 1.3 10.2 6.4 1.1 33.8 2.2 

Annual average 2004 

Previous 3.9 5.4 1.4 4.4 1.7 0.5 20.0 1.8 

Revised 4.2 5.6 1.4 4.8 2.1 0.6 19.8 1.8 
7 

Change in Methodology 

The Bureau of Labor Statistics has used Current Population Survey (CPS) data to 

measure the hours of nonfarm proprietors and unpaid family workers, all persons working in the 

farm sector, and all employees of government enterprises using the hours worked by people 

whose main job falls into these categories. Effective with this release of Productivity and Costs, 

hours for primary and secondary jobs held by persons working more than one job will be 

processed separately and assigned to the appropriate class of worker for each job, rather than 

assigning all hours to the primary job. Hours worked in a second job as a nonfarm employee by 

a proprietor (or other selected category of worker for whom our source is the CPS) are deducted 

to avoid double-counting. Conversely, hours worked as a proprietor in a secondary job by a 

person who is primarily an employee are now included. This multiple-jobholder adjustment 

yields an improved measure of hours at work by sector and industry and the employment series 

approximates a count of jobs rather than persons. This adjustment has not yet been implemented 

within the manufacturing sector, where there are very few proprietors. 

Next release date 

The next release of Productivity and Costs is scheduled for 8:30 AM EDT, Tuesday, 

Aug. 9, 2004. Preliminary second-quarter measures for business, nonfarm business, and 

manufacturing will be released at that time. The Aug. 9 release also will incorporate the threeyear revision of the national income and product accounts. 
8 

TECHNICAL NOTES 

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

persons working in the sector—wage and salary 

workers, the self-employed and unpaid family 

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

Statistics (CES) program, which provides 

monthly survey data on the number of jobs held 

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

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

paid hours are adjusted to hours at work using 

data from the National Compensation Survey 

(NCS). The BLS Hours at Work survey, 

conducted for this purpose, was used for years 

prior to 2001. 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. 

Output: Business sector output is an annualweighted index constructed after excluding from 

gross domestic product (GDP) the following 

outputs: general government, nonprofit institutions, and private households (including owneroccupied housing). Corresponding exclusions 

also are made in labor inputs. Business output 

accounted for about 78 percent of the value of 

GDP in 2000. Nonfarm business, which also 

excludes farming, accounted for about 77 

percent of GDP in 2000. 

Annual indexes for manufacturing and its 

durable and nondurable goods components are 

constructed by deflating current-dollar industry 

value of production data from the U.S. Bureau of 

the Census with deflators from the BEA. These 

deflators are based on data from the BLS 

producer price program and other sources. The 

industry shipments are aggregated using annual 

weights, and intrasector transactions are 

removed. Quarterly manufacturing output 

measures are based on the index of industrial 

production prepared monthly by the Board of 

Governors of the Federal Reserve System, 

adjusted to be consistent with annual indexes of 

manufacturing sector output prepared by BLS. 

Durables include the following 3-digit NAICS 

industries: wood product manufacturing; nonmetallic mineral product manufacturing; primary 

metal manufacturing; fabricated metal product 

manufacturing; machinery manufacturing; 

computer and electronic product manufacturing; 

electrical equipment and appliance 

manufacturing; transportation equipment manufacturing; furniture and related product manufacturing; and miscellaneous manufacturing. 

Nondurables include: food manufacturing; 

beverage and tobacco product manufacturing; 

textile mills; textile product mills; apparel 

manufacturing; leather and allied product manufacturing; paper manufacturing; printing and related support activities; petroleum and coal products manufacturing; chemical manufacturing; 

and plastics and rubber products manufacturing. 

Nonfinancial corporate output is an 

annual-weighted index calculated on the basis of 

the costs incurred and the incomes earned from 

production. The output measure excludes the 

following outputs from GDP: general government; nonprofit institutions; private households; 

unincorporated business; and those corporations 

classified as offices of bank holding companies, 

offices of other holding companies, or offices in 

the finance and insurance sector. Nonfinancial 

corporations accounted for about 54 percent of 

the value of GDP in 2000. 

Productivity: These productivity measures 

describe the relationship between real output and 

the labor time involved in its production. They 

show the changes from period to period in the 

amount of goods and services produced per hour. 

Although these measures relate output to hours 

at work of all persons engaged in a sector, they 

do not measure the specific contribution of labor, 

capital, or any other factor 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. 

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. 
9 

 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 

 2003 I 126.3 145.5 115.2 147.4 115.2 r116.7 117.7 117.1 

 II r128.9 147.5 r114.5 r149.7 r116.9 r116.2 r119.2 117.3 

 III r131.3 150.8 r114.8 r151.6 117.7 r115.5 r121.0 117.5 

 IV r131.9 152.3 r115.5 152.9 118.5 r115.9 r120.9 117.8 

 ANNUAL r129.6 149.0 r115.0 150.4 r117.1 r116.1 r119.8 117.4 

 2004 I r133.2 154.3 115.9 154.0 118.2 r115.6 r123.1 118.4 

 II r134.3 155.8 r116.0 r156.1 118.5 r116.2 r124.7 119.4 

 III r134.8 157.5 r116.8 r158.3 r119.7 117.4 r123.6 119.7 

 IV r136.1 159.2 117.0 r162.5 r121.8 r119.4 r122.0 120.4 

 ANNUAL r134.7 156.7 r116.3 r157.8 r119.6 r117.2 r123.3 119.5 

 2005 I r136.9 r160.7 r117.4 r164.9 r122.9 r120.4 r122.5 r121.2 

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

 Percent change from previous quarter at annual rate(5) 

 2003 I r3.3 2.2 r-1.0 r5.6 r1.3 r2.2 r2.1 2.1 

 II r8.4 5.6 r-2.6 r6.5 r6.0 r-1.8 r5.2 0.8 

 III r7.9 9.3 r1.3 r5.1 r2.8 r-2.6 r6.3 0.7 

 IV r1.9 4.2 r2.2 r3.5 r2.6 1.6 r-0.4 0.8 

 ANNUAL r4.4 3.8 r-0.5 r4.0 r1.7 r-0.3 r3.9 1.3 

 2004 I r3.9 5.3 r1.3 r2.8 r-1.1 r-1.0 7.3 2.1 

 II r3.4 3.9 r0.5 r5.5 r1.1 r2.1 r5.3 3.3 

 III r1.5 4.5 r2.9 5.8 4.0 r4.2 r-3.6 1.1 

 IV r3.8 4.3 r0.5 r11.1 r7.3 r7.1 r-4.8 2.4 

 ANNUAL r3.9 5.1 r1.2 r4.9 r2.2 r1.0 r3.0 1.7 

 2005 I r2.6 r4.0 r1.4 r6.0 r3.5 r3.3 r1.6 r2.6 

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

 Percent change from corresponding quarter of previous year 

 2003 I r2.7 2.3 r-0.4 r2.9 r0.0 r0.2 r3.5 1.4 

 II r4.3 3.2 -1.1 3.6 1.4 -0.7 4.7 1.3 

 III r5.1 4.5 r-0.5 4.5 r2.2 r-0.5 r4.3 1.3 

 IV r5.3 5.3 r0.0 r5.1 3.2 r-0.2 r3.2 1.1 

 ANNUAL r4.4 3.8 r-0.5 r4.0 r1.7 r-0.3 r3.9 1.3 

 2004 I r5.5 6.1 r0.5 4.5 2.6 r-1.0 r4.6 1.1 

 II r4.2 5.6 1.3 r4.2 1.4 0.0 4.6 1.7 

 III r2.7 4.4 r1.7 4.4 r1.6 r1.7 r2.1 1.8 

 IV r3.1 4.5 1.3 r6.3 r2.8 r3.0 r0.9 2.2 

 ANNUAL r3.9 5.1 r1.2 r4.9 r2.2 r1.0 r3.0 1.7 

 2005 I r2.8 r4.2 r1.3 r7.1 r4.0 r4.1 r-0.5 2.4 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 
10 

 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 

 2003 I 125.8 145.9 116.0 r146.6 114.6 116.6 119.6 117.7 

 II r128.0 147.8 r115.4 148.7 116.1 r116.2 r120.7 117.8 

 III r130.7 151.1 r115.6 150.8 117.1 r115.4 r122.5 118.0 

 IV 131.5 152.8 116.2 152.3 118.0 r115.8 r122.1 118.1 

 ANNUAL r129.0 149.4 r115.8 149.6 116.4 r116.0 r121.3 117.9 

 2004 I r132.8 155.0 r116.7 r153.0 r117.4 r115.3 r124.5 118.7 

 II r134.1 156.5 r116.7 155.3 117.9 r115.8 r126.0 119.6 

 III 134.4 158.2 117.7 157.4 119.0 117.1 125.2 120.1 

 IV r135.2 159.6 118.1 r161.2 r120.8 r119.3 r123.5 120.8 

 ANNUAL r134.2 157.3 r117.2 r156.8 r118.9 r116.9 r124.8 119.8 

 2005 I r136.1 r161.2 118.4 r163.7 r122.0 r120.3 r124.0 121.7 

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

 Percent change from previous quarter at annual rate(5) 

 2003 I r3.4 2.4 r-1.0 r5.7 r1.4 r2.2 r1.3 1.9 

 II r7.2 5.3 r-1.8 5.7 5.3 r-1.3 r3.6 0.5 

 III r8.6 9.3 r0.7 5.7 3.5 r-2.6 r6.2 0.6 

 IV r2.7 4.6 r1.9 r4.0 r3.0 r1.3 r-1.3 0.3 

 ANNUAL r4.3 3.8 -0.5 4.0 1.7 r-0.3 r3.5 1.1 

 2004 I 3.8 5.7 1.9 2.1 r-1.8 -1.6 r8.1 2.0 

 II r4.1 4.2 r0.1 r6.0 1.5 r1.8 r4.8 2.9 

 III r0.9 4.2 r3.2 r5.5 3.7 r4.5 r-2.3 1.8 

 IV r2.3 3.7 r1.4 r10.2 r6.4 r7.7 r-5.5 2.5 

 ANNUAL r4.0 5.3 1.2 r4.8 r2.1 r0.8 r2.9 1.6 

 2005 I r2.9 r4.0 r1.1 r6.3 r3.9 r3.3 r1.8 r2.8 

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

 Percent change from corresponding quarter of previous year 

 2003 I r2.6 2.3 r-0.3 2.9 0.0 r0.3 r3.6 1.5 

 II 4.1 3.2 -0.9 3.4 1.2 -0.7 r4.3 1.2 

 III r5.1 4.6 r-0.5 r4.6 2.3 r-0.5 r3.8 1.1 

 IV r5.4 5.4 -0.1 5.3 3.3 r-0.1 r2.4 0.8 

 ANNUAL r4.3 3.8 -0.5 4.0 1.7 r-0.3 r3.5 1.1 

 2004 I 5.5 6.2 0.7 4.4 2.5 r-1.1 r4.1 0.8 

 II 4.8 6.0 1.1 r4.4 r1.5 -0.3 4.4 1.5 

 III r2.9 4.7 r1.8 4.4 1.6 r1.5 r2.2 1.8 

 IV 2.8 4.5 1.6 r5.9 r2.4 r3.0 r1.1 2.3 

 ANNUAL r4.0 5.3 1.2 r4.8 r2.1 r0.8 r2.9 1.6 

 2005 I r2.6 r4.0 1.4 r7.0 r3.9 r4.3 r-0.4 2.5 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 
11 

 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 

 2003 I 151.6 131.8 86.9 155.5 121.5 102.6 

 II 152.9 130.7 85.5 158.4 123.6 103.6 

 III 156.9 132.1 84.2 161.6 125.5 103.0 

 IV 158.1 134.2 84.9 163.6 126.8 103.5 

 ANNUAL 154.8 132.2 85.4 159.7 124.3 103.2 

 2004 I 159.3 136.0 85.4 162.4 124.6 101.9 

 II 162.2 138.0 85.1 165.1 125.3 101.8 

 III 164.0 139.4 85.0 168.7 127.6 102.9 

 IV 166.5 141.0 84.7 r173.0 r129.6 r103.9 

 ANNUAL 163.0 138.6 85.0 r167.3 r126.8 r102.6 

 2005 I r168.3 r142.3 r84.5 r175.6 r130.8 r104.3 

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

 Percent change from previous quarter at annual rate(5) 

 2003 I 5.7 -0.9 -6.3 17.4 12.7 11.0 

 II 3.3 -3.4 -6.5 7.6 7.2 4.2 

 III 11.0 4.5 -5.9 8.3 6.0 -2.4 

 IV 3.2 6.6 3.3 5.2 4.3 1.9 

 ANNUAL 5.2 0.0 -4.9 8.7 6.2 3.3 

 2004 I 3.0 5.4 2.4 -3.1 -6.7 -5.9 

 II 7.6 5.9 -1.6 6.9 2.4 -0.6 

 III 4.4 4.0 -0.3 9.1 7.3 4.6 

 IV 6.3 4.9 -1.3 r10.4 r6.6 r3.9 

 ANNUAL 5.3 4.8 -0.4 r4.7 r2.0 r-0.5 

 2005 I r4.4 r3.5 r-0.9 r6.2 r3.8 r1.7 

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

 Percent change from corresponding quarter of previous year 

 2003 I 5.0 0.6 -4.2 8.1 5.1 3.0 

 II 4.4 -1.3 -5.4 7.9 5.6 3.4 

 III 5.5 -0.8 -6.0 9.0 6.6 3.3 

 IV 5.8 1.6 -3.9 9.5 7.5 3.6 

 ANNUAL 5.2 0.0 -4.9 8.7 6.2 3.3 

 2004 I 5.1 3.2 -1.8 4.4 2.5 -0.6 

 II 6.1 5.6 -0.5 4.3 1.4 -1.8 

 III 4.5 5.5 0.9 4.4 1.7 -0.1 

 IV 5.3 5.1 -0.2 r5.7 r2.2 r0.4 

 ANNUAL 5.3 4.8 -0.4 r4.7 r2.0 r-0.5 

 2005 I r5.7 r4.6 -1.0 r8.1 r5.0 r2.4 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 
12 

 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 

 2003 I 172.7 155.7 90.1 153.5 120.0 88.9 

 II 174.3 154.3 88.6 156.5 122.2 89.8 

 III 180.9 157.6 87.1 159.8 124.1 88.3 

 IV 182.8 161.5 88.3 161.7 125.3 88.5 

 ANNUAL 177.6 157.3 88.5 157.9 122.9 88.9 

 2004 I 184.4 164.6 89.3 159.1 122.1 86.3 

 II 187.8 167.1 88.9 162.1 123.1 86.3 

 III 190.0 169.5 89.2 166.0 125.5 87.4 

 IV 193.4 172.1 89.0 r169.7 r127.2 r87.7 

 ANNUAL 188.9 168.3 89.1 r164.2 r124.5 r86.9 

 2005 I r196.4 r174.5 r88.8 r172.4 r128.4 r87.8 

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

 Percent change from previous quarter at annual rate(5) 

 2003 I 5.1 -1.6 -6.4 21.8 16.9 15.9 

 II 3.7 -3.4 -6.9 8.1 7.7 4.2 

 III 16.0 8.7 -6.3 8.6 6.3 -6.4 

 IV 4.2 10.1 5.7 4.9 4.0 0.6 

 ANNUAL 6.9 1.3 -5.3 9.7 7.2 2.6 

 2004 I 3.6 8.1 4.3 -6.2 -9.7 -9.5 

 II 7.7 6.0 -1.5 7.7 3.2 0.0 

 III 4.6 6.0 1.3 9.9 8.1 5.1 

 IV 7.4 6.3 -1.0 r9.2 r5.4 r1.7 

 ANNUAL 6.4 7.0 0.6 r4.0 r1.3 r-2.2 

 2005 I 6.3 r5.5 r-0.8 r6.5 r4.1 r0.2 

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

 Percent change from corresponding quarter of previous year 

 2003 I 6.7 1.7 -4.7 9.0 5.9 2.2 

 II 5.9 -0.6 -6.1 8.8 6.5 2.8 

 III 7.9 0.7 -6.7 10.2 7.8 2.2 

 IV 7.2 3.3 -3.6 10.7 8.6 3.3 

 ANNUAL 6.9 1.3 -5.3 9.7 7.2 2.6 

 2004 I 6.8 5.8 -1.0 3.7 1.8 -2.9 

 II 7.8 8.3 0.4 3.6 0.7 -3.9 

 III 5.0 7.6 2.4 3.9 1.1 -1.1 

 IV 5.8 6.6 0.8 r4.9 r1.5 r-0.8 

 ANNUAL 6.4 7.0 0.6 r4.0 r1.3 r-2.2 

 2005 I 6.5 6.0 r-0.5 r8.3 r5.2 r1.7 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 
13 

 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 

 2003 I 130.2 106.9 82.1 157.7 123.2 121.1 

 II 131.1 106.0 80.9 160.3 125.2 122.3 

 III 132.6 105.9 79.8 163.4 126.9 123.2 

 IV 133.6 106.5 79.7 165.5 128.2 123.9 

 ANNUAL 131.8 106.3 80.6 161.7 125.8 122.6 

 2004 I 134.5 107.1 79.6 166.6 127.8 123.8 

 II 137.0 108.6 79.3 168.8 128.2 123.2 

 III 138.6 109.0 78.7 171.8 129.9 123.9 

 IV 140.3 109.8 78.3 r176.9 r132.6 r126.1 

 ANNUAL 137.6 108.6 78.9 r171.0 r129.6 r124.3 

 2005 I r141.1 r110.2 78.1 r179.4 r133.7 r127.1 

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

 Percent change from previous quarter at annual rate(5) 

 2003 I 6.5 0.1 -6.0 9.7 5.2 3.0 

 II 2.6 -3.5 -5.9 6.9 6.5 4.2 

 III 4.9 -0.6 -5.2 8.0 5.7 2.9 

 IV 2.8 2.4 -0.4 5.2 4.3 2.3 

 ANNUAL 2.8 -1.5 -4.2 6.8 4.5 3.9 

 2004 I 2.9 2.1 -0.8 2.6 -1.3 -0.3 

 II 7.5 5.7 -1.7 5.5 1.1 -1.9 

 III 4.8 1.7 -3.0 7.2 5.5 2.3 

 IV 4.9 2.9 -1.9 r12.6 r8.7 r7.3 

 ANNUAL 4.4 2.2 -2.1 r5.8 r3.0 r1.3 

 2005 I r2.4 r1.3 r-1.1 r5.7 r3.3 r3.2 

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

 Percent change from corresponding quarter of previous year 

 2003 I 2.6 -0.9 -3.4 6.6 3.6 3.9 

 II 2.2 -2.2 -4.3 6.5 4.2 4.2 

 III 2.3 -2.6 -4.8 6.9 4.6 4.5 

 IV 4.2 -0.4 -4.4 7.4 5.4 3.1 

 ANNUAL 2.8 -1.5 -4.2 6.8 4.5 3.9 

 2004 I 3.3 0.1 -3.1 5.7 3.7 2.3 

 II 4.5 2.4 -2.0 5.3 2.4 0.7 

 III 4.5 3.0 -1.5 5.1 2.3 0.6 

 IV 5.0 3.1 -1.8 r6.9 r3.4 r1.8 

 ANNUAL 4.4 2.2 -2.1 r5.8 r3.0 r1.3 

 2005 I r4.9 r2.9 -1.9 r7.7 r4.6 r2.7 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 
14 

 Table 6. Nonfinancial corporations: 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 130.3 152.2 116.8 144.2 112.7 110.7 114.0 111.6 100.0 110.5 

 II 132.7 154.4 r116.3 146.4 114.3 110.3 112.6 110.9 112.2 111.0 

 III r135.3 157.3 116.3 r148.5 115.3 109.8 112.6 110.5 120.3 111.4 

 IV 136.6 159.6 r116.9 149.8 116.1 109.7 112.2 110.4 125.1 111.7 

 ANNUAL 133.7 155.9 116.6 147.2 114.6 110.1 112.9 110.8 114.6 111.2 

 2004 I r136.8 160.9 117.6 r150.7 115.7 110.2 111.1 110.4 129.9 112.2 

 II 138.0 162.6 117.9 152.8 116.0 110.7 111.4 110.9 136.3 113.2 

 III 139.6 165.3 118.4 154.9 117.1 110.9 111.3 111.0 136.0 113.2 

 IV r142.7 r169.5 118.8 r158.7 r118.9 r111.2 r109.3 r110.7 r146.2 113.9 

 ANNUAL r139.3 r164.6 118.2 r154.3 r116.9 r110.8 r110.8 r110.8 r137.2 113.1 

 2005 I 143.6 170.8 118.9 161.3 120.2 112.3 109.8 111.6 144.0 114.5 

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

 Percent change from previous quarter at annual rate(5) 

 2003 I r2.1 -0.7 r-2.7 3.8 r-0.4 1.6 4.4 2.4 -8.8 1.4 

 II r7.8 6.0 r-1.6 r6.3 r5.9 -1.4 -4.9 -2.4 58.5 1.8 

 III 7.9 7.6 -0.3 5.8 3.6 -1.9 0.1 -1.4 32.3 1.4 

 IV 3.9 6.0 2.0 r3.7 r2.8 -0.1 -1.5 -0.5 16.8 1.1 

 ANNUAL r4.1 2.8 -1.3 4.0 1.7 -0.1 -0.1 -0.1 20.1 1.4 

 2004 I 0.9 3.4 2.5 2.5 -1.4 1.6 -4.0 0.1 16.3 1.6 

 II 3.3 4.3 r0.9 5.5 r1.1 2.1 1.3 1.9 21.0 3.8 

 III 4.9 6.9 1.9 r5.5 3.8 0.6 -0.5 0.3 -0.8 0.2 

 IV r9.0 r10.5 1.3 r10.2 r6.4 r1.1 r-7.0 r-1.2 r33.8 2.2 

 ANNUAL r4.2 r5.6 1.4 r4.8 r2.1 r0.6 r-1.9 -0.1 r19.8 1.8 

 2005 I 2.7 3.2 0.5 6.8 4.4 4.1 1.9 3.5 -6.1 2.4 

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

 Percent change from corresponding quarter of previous year 

 2003 I 2.8 1.3 -1.4 r3.0 0.1 0.3 0.4 0.3 12.6 1.2 

 II r3.5 1.8 -1.7 3.5 1.3 0.0 -0.1 0.0 18.7 1.4 

 III r4.8 3.3 -1.4 4.5 2.2 -0.4 -0.2 -0.3 25.5 1.7 

 IV 5.4 4.7 -0.7 4.9 2.9 -0.5 -0.5 -0.5 22.3 1.4 

 ANNUAL r4.1 2.8 -1.3 4.0 1.7 -0.1 -0.1 -0.1 20.1 1.4 

 2004 I r5.1 5.7 r0.6 4.6 2.7 -0.5 -2.6 -1.0 29.9 1.5 

 II r3.9 5.3 1.3 4.4 1.5 0.4 -1.0 0.0 21.5 2.0 

 III 3.2 5.1 1.8 4.3 1.6 1.1 -1.2 0.4 13.0 1.7 

 IV r4.5 r6.2 1.7 r5.9 r2.4 r1.4 r-2.6 r0.3 r16.9 1.9 

 ANNUAL r4.2 r5.6 1.4 r4.8 r2.1 r0.6 r-1.9 -0.1 r19.8 1.8 

 2005 I 4.9 6.2 1.2 7.0 3.9 2.0 -1.2 1.1 10.8 2.1 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 
15 

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 +1.4 index 

points approximately 95 percent of the time. This interval is based on the performance of this 

measure between the fourth quarter of 1995 and the fourth quarter of 2004. 

Footnotes, Tables 1-6

(1) Wages and salaries of employees plus employers' contributions for social insurance and 

private benefit plans. Except for nonfinancial corporations, where there are no selfemployed, data also include an estimate of wages, salaries, and supplemental payments 

for the self-employed. 

(2) The change for recent quarters is based on the Consumer Price Index for all urban consumers 

(CPI-U). The trend from 1978-2004 is based on the Consumer Price Index research 

series (CPI-U-RS). 

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

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

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

enterprises. 

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

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

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

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

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

payments. 

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

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

consumption adjustments. 
16 

 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 

 1994 I r101.7 106.3 r104.5 r103.9 r100.2 r102.2 r105.0 103.2 

 II r101.5 107.9 r106.4 r103.5 r99.3 r102.0 r106.2 103.6 

 III r100.9 108.5 r107.5 r103.5 r98.5 r102.6 r107.1 104.2 

 IV 101.7 110.1 r108.3 r104.0 r98.5 r102.2 r108.7 104.6 

 ANNUAL 101.5 108.2 106.7 r103.7 r99.1 r102.2 r106.8 103.9 

 1995 I 101.3 110.4 109.0 r104.9 98.8 103.6 r107.8 105.2 

 II 101.3 110.5 109.1 r105.4 r98.5 r104.1 r108.0 105.5 

 III 101.5 111.7 110.1 106.1 98.7 r104.5 108.4 106.0 

 IV r102.5 112.8 r110.1 r107.1 99.2 104.6 r109.3 106.3 

 ANNUAL 101.6 111.4 109.6 r105.9 r98.8 r104.2 r108.4 105.7 

 1996 I r103.6 113.9 110.0 108.2 99.4 104.5 r110.7 106.8 

 II r104.8 116.0 r110.8 109.3 r99.5 r104.3 r112.3 107.3 

 III 105.0 117.2 111.6 110.2 r99.9 r104.9 r111.9 107.5 

 IV r105.3 118.8 112.9 r110.6 99.5 r105.1 r112.9 108.0 

 ANNUAL r104.7 116.5 r111.3 109.6 99.6 r104.7 r112.0 107.4 

 1997 I r105.0 119.9 114.2 111.3 99.5 r106.0 r113.2 108.7 

 II r106.4 122.1 r114.7 r112.2 r100.1 105.5 r114.4 108.8 

 III r107.4 123.9 r115.3 113.4 100.7 105.6 114.9 109.1 

 IV r107.9 124.9 r115.8 r115.6 r102.1 r107.1 r113.2 109.4 

 ANNUAL r106.7 122.7 r115.0 113.1 100.6 106.1 r113.9 109.0 

 1998 I r108.7 126.5 r116.4 r117.7 r103.8 r108.3 r111.6 109.5 

 II r108.9 127.4 r117.0 r119.3 r104.9 r109.5 r109.5 109.5 

 III r110.2 129.0 r117.1 r121.2 r106.1 r110.0 r109.4 109.7 

 IV r110.8 131.5 r118.6 r121.9 r106.3 r110.0 r109.9 109.9 

 ANNUAL r109.7 128.6 r117.3 r120.0 r105.3 r109.4 r110.1 109.7 

 1999 I r112.0 132.7 r118.5 r124.4 r108.1 r111.1 r108.9 110.3 

 II r112.1 133.9 r119.4 r124.7 r107.6 r111.3 r109.2 110.5 

 III r112.9 135.7 r120.2 r125.8 r107.7 r111.5 r109.8 110.8 

 IV r114.7 138.5 r120.7 r128.2 r108.9 r111.7 r110.1 111.1 

 ANNUAL r112.9 135.2 r119.7 r125.8 r108.1 r111.4 r109.5 110.7 

 2000 I r114.2 138.6 r121.4 r132.5 111.5 r116.0 r105.4 112.1 

 II r116.4 141.1 r121.2 r133.1 111.1 r114.4 r109.6 112.6 

 III r116.1 140.8 r121.3 135.6 112.2 r116.8 r106.4 112.9 

 IV r117.3 141.5 r120.6 136.5 r112.2 r116.4 r108.2 113.3 

 ANNUAL r116.1 140.5 r121.0 134.5 r111.9 r115.9 r107.4 112.7 

 2001 I r117.2 141.1 r120.4 138.8 r113.0 r118.5 r106.7 114.1 

 II r118.8 141.4 r119.1 r139.9 r113.0 r117.8 r110.1 114.9 

 III r119.2 140.3 r117.7 r140.5 r113.3 r117.9 r110.6 115.2 

 IV r121.1 141.0 r116.4 141.5 114.2 r116.9 r113.4 115.6 

 ANNUAL r119.0 141.0 r118.4 r140.2 r113.4 r117.8 r110.2 114.9 

 2002 I r122.9 142.2 r115.7 143.2 r115.2 r116.5 r113.7 115.5 

 II r123.5 142.9 r115.7 r144.6 r115.3 r117.1 r113.9 115.9 

 III r125.0 144.3 r115.4 r145.1 r115.2 r116.1 r116.0 116.1 

 IV r125.3 144.7 r115.5 145.4 114.8 r116.1 r117.1 116.5 

 ANNUAL r124.2 143.5 r115.6 r144.6 r115.1 r116.4 r115.2 116.0 

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

 See footnotes following Table 6. June 2, 2005 
17 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 1. —Continued 

 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) 

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

 Percent change from previous quarter at annual rate(5) 

 1994 I r2.4 5.2 r2.7 r4.3 r3.2 1.8 r1.4 1.6 

 II r-0.7 6.3 r7.1 r-1.4 r-3.5 r-0.7 r4.7 1.3 

 III r-2.3 2.2 r4.6 0.0 -3.1 r2.3 r3.3 2.7 

 IV r3.3 6.0 r2.7 r1.8 r0.0 r-1.4 r6.4 1.5 

 ANNUAL r1.0 5.0 r3.9 r1.5 r-0.6 0.4 4.0 1.8 

 1995 I -1.9 0.8 2.8 r3.5 r1.1 r5.5 r-3.5 1.9 

 II r0.3 0.6 r0.3 r2.1 r-1.0 r1.8 r0.8 1.4 

 III 0.7 4.4 3.7 r2.6 r0.6 r1.9 r1.7 1.8 

 IV r3.9 4.1 r0.2 3.9 r2.2 r0.0 r3.1 1.2 

 ANNUAL 0.2 2.9 2.7 r2.1 r-0.3 1.9 1.5 1.8 

 1996 I 4.3 3.7 -0.5 r3.9 r0.7 r-0.3 r5.5 1.9 

 II r4.7 7.8 r2.9 r4.1 r0.6 r-0.6 r5.8 1.8 

 III r1.1 4.0 r2.9 r3.5 r1.3 r2.3 r-1.5 0.8 

 IV r0.8 5.8 r4.9 r1.6 r-1.5 r0.7 3.8 1.9 

 ANNUAL r3.0 4.6 1.6 r3.5 r0.8 0.5 3.3 1.6 

 1997 I r-1.0 3.5 r4.6 r2.4 r0.2 3.4 0.9 2.4 

 II r5.4 7.5 r2.0 r3.2 r2.2 r-2.1 r4.3 0.4 

 III r3.8 6.0 r2.1 4.6 2.7 r0.7 r2.0 1.2 

 IV r2.0 3.5 r1.5 r7.7 r5.5 r5.6 r-5.9 1.0 

 ANNUAL 1.9 5.3 r3.3 3.2 r1.1 1.3 r1.7 1.5 

 1998 I r3.0 5.2 r2.1 r7.6 r6.9 4.5 -5.7 0.5 

 II r0.7 2.8 r2.0 r5.4 4.2 r4.7 r-7.2 0.0 

 III r4.8 5.3 r0.5 r6.5 r4.6 r1.7 r-0.4 0.9 

 IV r2.3 7.8 r5.3 r2.3 r0.7 0.0 r1.8 0.7 

 ANNUAL r2.8 4.8 r2.0 r6.1 4.6 r3.2 r-3.4 0.6 

 1999 I r4.3 3.7 r-0.6 r8.6 r6.9 r4.1 r-3.5 1.2 

 II r0.5 3.8 r3.4 r1.1 r-1.8 r0.6 r1.0 0.8 

 III r2.7 5.4 r2.6 r3.5 r0.4 r0.8 r2.2 1.3 

 IV r6.7 8.4 r1.6 7.7 4.6 r1.0 r1.3 1.1 

 ANNUAL r3.0 5.1 r2.1 4.8 r2.7 1.8 r-0.5 0.9 

 2000 I r-1.8 0.3 r2.2 r14.1 r9.9 r16.2 r-16.0 3.4 

 II r7.9 7.5 r-0.4 r1.8 r-1.3 r-5.6 r16.6 1.8 

 III r-1.0 -0.8 r0.2 r7.8 4.0 r8.9 r-11.0 1.3 

 IV r4.4 2.0 r-2.3 2.8 -0.1 r-1.5 r6.8 1.4 

 ANNUAL r2.8 3.9 r1.1 r7.0 r3.5 4.0 r-1.9 1.8 

 2001 I -0.5 -1.1 -0.6 r6.9 r3.0 7.4 r-5.6 2.7 

 II 5.5 0.8 -4.4 r3.0 r-0.2 r-2.4 r13.5 3.0 

 III r1.4 -3.1 r-4.4 2.0 1.1 r0.6 r1.8 1.0 

 IV r6.6 1.8 r-4.5 r2.8 r3.4 r-3.6 r10.4 1.3 

 ANNUAL 2.5 0.3 r-2.2 4.2 r1.4 1.6 r2.6 2.0 

 2002 I r6.2 3.5 r-2.5 4.9 3.4 r-1.2 r1.3 -0.3 

 II r1.8 2.1 r0.3 r3.8 r0.5 r1.9 r0.6 1.4 

 III r5.0 3.8 r-1.1 r1.5 r-0.6 r-3.3 r7.8 0.7 

 IV r0.8 1.2 r0.4 r0.9 r-1.1 r0.1 3.8 1.4 

 ANNUAL 4.3 1.8 -2.4 3.1 1.5 -1.1 r4.6 0.9 

 --------------------------------------------------------------------------------------------------------- 
18 

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 1. —Continued 

 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) 

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

 Percent change from corresponding quarter of previous year 

 1994 I r1.2 4.4 3.1 r2.3 r0.2 r1.0 r3.1 1.8 

 II 1.5 5.3 r3.7 r1.4 r-0.5 r-0.1 r4.4 1.6 

 III r0.8 5.2 r4.4 r1.0 r-1.2 r0.3 r4.7 1.9 

 IV r0.6 4.9 r4.3 r1.1 r-0.9 0.5 3.9 1.8 

 ANNUAL r1.0 5.0 r3.9 r1.5 r-0.6 0.4 4.0 1.8 

 1995 I -0.4 3.8 r4.3 r1.0 -1.4 r1.4 r2.6 1.9 

 II r-0.2 2.4 r2.6 1.9 -0.7 r2.0 r1.7 1.9 

 III r0.6 3.0 r2.3 r2.5 r0.2 r1.9 r1.3 1.7 

 IV 0.7 2.5 r1.7 r3.0 r0.7 r2.3 r0.5 1.6 

 ANNUAL 0.2 2.9 2.7 r2.1 r-0.3 1.9 1.5 1.8 

 1996 I r2.3 3.2 r0.9 3.1 r0.6 r0.8 r2.8 1.6 

 II r3.4 5.0 r1.6 r3.6 r1.0 r0.3 4.0 1.7 

 III r3.5 4.9 r1.3 r3.9 r1.2 0.4 r3.2 1.4 

 IV r2.7 5.3 2.5 3.3 0.3 0.5 3.4 1.6 

 ANNUAL r3.0 4.6 1.6 r3.5 r0.8 0.5 3.3 1.6 

 1997 I 1.4 5.3 3.8 2.9 r0.1 1.5 2.2 1.8 

 II r1.6 5.2 3.6 r2.7 0.5 r1.1 1.9 1.4 

 III r2.2 5.7 3.4 2.9 0.9 r0.7 r2.7 1.5 

 IV r2.5 5.1 r2.5 r4.4 r2.6 1.9 0.2 1.2 

 ANNUAL 1.9 5.3 r3.3 3.2 r1.1 1.3 r1.7 1.5 

 1998 I r3.5 5.5 r1.9 r5.8 r4.3 r2.1 r-1.4 0.8 

 II r2.4 4.4 r1.9 6.3 4.8 3.9 -4.3 0.7 

 III r2.6 4.2 r1.5 r6.8 r5.3 r4.1 r-4.8 0.6 

 IV 2.7 5.2 2.5 5.5 4.1 2.7 r-2.9 0.5 

 ANNUAL r2.8 4.8 r2.0 r6.1 4.6 r3.2 r-3.4 0.6 

 1999 I r3.0 4.9 r1.8 r5.7 r4.1 r2.6 r-2.4 0.7 

 II r3.0 5.1 r2.1 4.6 2.5 1.6 r-0.3 0.9 

 III r2.4 5.2 r2.7 r3.8 1.5 1.4 0.4 1.0 

 IV 3.5 5.3 r1.7 5.2 2.5 r1.6 0.2 1.1 

 ANNUAL r3.0 5.1 r2.1 4.8 r2.7 1.8 r-0.5 0.9 

 2000 I r2.0 4.5 r2.4 r6.5 r3.2 4.4 r-3.2 1.6 

 II r3.8 5.4 r1.5 r6.7 r3.3 r2.8 r0.3 1.9 

 III r2.9 3.8 r0.9 r7.8 r4.2 4.8 r-3.1 1.9 

 IV r2.3 2.2 r-0.1 r6.5 r3.0 4.1 -1.7 2.0 

 ANNUAL r2.8 3.9 r1.1 r7.0 r3.5 4.0 r-1.9 1.8 

 2001 I 2.6 1.8 r-0.8 4.8 1.3 2.1 r1.2 1.8 

 II r2.1 0.2 r-1.8 5.1 1.6 3.0 r0.5 2.1 

 III r2.7 -0.4 r-2.9 3.6 0.9 r0.9 r3.9 2.0 

 IV r3.2 -0.4 r-3.5 r3.6 1.8 0.4 4.8 2.0 

 ANNUAL 2.5 0.3 r-2.2 4.2 r1.4 1.6 r2.6 2.0 

 2002 I 4.9 0.8 -4.0 3.2 1.9 r-1.7 6.6 1.2 

 II 4.0 1.1 -2.8 3.4 2.1 -0.6 r3.4 0.9 

 III 4.9 2.8 -2.0 r3.3 r1.7 -1.6 r4.9 0.8 

 IV 3.4 2.7 r-0.8 2.8 0.5 -0.6 3.3 0.8 

 ANNUAL 4.3 1.8 -2.4 3.1 1.5 -1.1 r4.6 0.9 
19 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

 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 

 1994 I r101.8 106.3 r104.5 103.8 100.1 r102.0 r105.2 103.2 

 II r101.7 108.0 r106.2 103.6 r99.3 r101.9 r106.6 103.6 

 III r101.0 108.5 107.4 103.5 98.5 r102.5 r107.8 104.4 

 IV r102.0 110.3 r108.1 104.1 98.6 r102.0 r109.6 104.8 

 ANNUAL r101.6 108.3 r106.5 r103.7 99.1 r102.1 r107.3 104.0 

 1995 I 101.7 110.7 r108.8 104.9 98.8 103.2 r109.0 105.3 

 II r101.9 110.9 r108.8 r105.6 r98.7 r103.6 r109.3 105.7 

 III 102.0 112.2 110.0 r106.2 r98.8 104.1 r109.4 106.0 

 IV r102.9 113.3 r110.1 107.1 99.2 104.2 r109.8 106.2 

 ANNUAL r102.1 111.8 r109.4 r106.0 r98.9 r103.7 r109.4 105.8 

 1996 I r103.9 114.2 r109.9 r108.3 99.4 r104.2 r110.9 106.7 

 II r104.9 116.3 r110.8 r109.3 99.5 r104.1 r112.0 107.0 

 III r105.2 117.5 r111.7 r110.1 99.7 104.6 r112.4 107.5 

 IV 105.4 119.2 113.1 110.5 r99.3 104.9 r113.3 108.0 

 ANNUAL r104.9 116.8 r111.4 109.5 99.5 104.5 r112.2 107.3 

 1997 I r105.1 120.1 r114.3 111.2 r99.5 105.9 r113.4 108.6 

 II r106.3 122.2 r114.9 r112.1 r100.0 105.4 r115.2 109.0 

 III 107.2 124.0 115.6 r113.2 100.5 r105.6 r115.8 109.3 

 IV r107.7 125.1 r116.2 115.1 101.7 r106.9 r114.2 109.6 

 ANNUAL r106.6 122.8 r115.3 112.9 100.4 r105.9 r114.6 109.1 

 1998 I r108.5 126.8 r116.8 r117.3 r103.5 r108.1 r112.5 109.7 

 II r108.8 127.7 r117.3 118.9 104.6 r109.3 r110.6 109.8 

 III r110.1 129.4 r117.5 r120.9 r105.8 r109.8 r110.5 110.1 

 IV r110.6 131.8 r119.2 121.4 105.9 r109.8 r110.8 110.2 

 ANNUAL r109.5 128.9 r117.7 119.6 r105.0 r109.3 r111.1 109.9 

 1999 I r111.6 133.0 r119.2 r123.7 r107.5 r110.9 r110.0 110.5 

 II r111.7 134.3 r120.2 r124.1 107.0 r111.0 r110.8 111.0 

 III r112.5 136.1 r121.0 125.1 107.1 r111.2 r111.5 111.3 

 IV r114.5 138.9 r121.3 127.7 108.5 r111.6 r112.0 111.7 

 ANNUAL r112.6 135.6 r120.4 r125.2 107.5 r111.2 r111.1 111.1 

 2000 I r113.9 138.8 r121.9 132.1 111.2 r116.0 r106.8 112.6 

 II r115.9 141.4 r122.0 132.5 r110.6 r114.3 r111.1 113.1 

 III r115.6 141.1 r122.0 r135.0 r111.7 r116.8 r108.0 113.5 

 IV r116.8 141.8 r121.5 135.8 111.6 r116.3 r109.8 113.9 

 ANNUAL r115.6 140.8 r121.8 134.0 111.4 r115.9 r108.9 113.3 

 2001 I r116.6 141.4 r121.3 r138.0 r112.3 r118.4 r108.2 114.6 

 II r118.2 141.9 r120.0 r138.9 112.2 r117.5 r111.9 115.4 

 III r118.7 140.8 r118.7 r139.5 112.5 r117.6 r112.2 115.6 

 IV r120.5 141.2 r117.2 r140.6 113.5 r116.7 r115.0 116.0 

 ANNUAL r118.5 141.3 r119.3 139.3 r112.6 r117.5 r111.8 115.4 

 2002 I r122.6 142.6 r116.3 142.5 114.6 r116.2 r115.5 116.0 

 II r122.9 143.2 r116.5 143.8 114.7 r116.9 r115.7 116.5 

 III r124.3 144.5 r116.3 r144.2 r114.4 r116.0 r118.0 116.8 

 IV r124.7 145.0 r116.3 r144.6 114.2 r115.9 r119.2 117.2 

 ANNUAL r123.6 143.9 r116.3 143.8 114.5 r116.3 r117.1 116.6 
20 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 2. —Continued 

 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) 

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

 Percent change from previous quarter at annual rate(5) 

 1994 I r3.0 4.4 r1.4 r5.0 r3.9 2.0 r1.2 1.7 

 II r-0.4 6.4 r6.8 r-0.9 r-3.0 r-0.5 r5.6 1.8 

 III r-2.5 2.2 r4.8 r-0.1 r-3.2 r2.4 r4.5 3.2 

 IV r3.9 6.6 r2.6 r2.2 r0.3 r-1.7 r6.8 1.5 

 ANNUAL 1.2 4.8 r3.5 1.7 -0.4 0.5 4.1 1.9 

 1995 I r-1.1 1.5 2.6 r3.3 r0.9 r4.4 r-2.0 1.9 

 II r0.8 0.7 r0.0 r2.5 -0.7 r1.7 r1.1 1.5 

 III r0.5 4.8 r4.3 r2.4 r0.4 r1.9 r0.1 1.2 

 IV r3.3 3.8 r0.4 r3.6 r1.8 r0.3 r1.8 0.8 

 ANNUAL 0.5 3.2 2.7 2.1 -0.3 1.6 r1.9 1.7 

 1996 I 3.9 3.2 r-0.7 r4.2 r0.9 r0.3 r3.8 1.6 

 II r4.2 7.6 r3.3 r3.8 r0.4 r-0.3 r4.2 1.4 

 III r1.1 4.3 r3.2 2.9 0.7 r1.8 r1.2 1.6 

 IV r0.6 5.7 r5.1 r1.5 r-1.5 1.0 3.5 1.9 

 ANNUAL 2.7 4.5 1.8 3.4 0.7 0.7 r2.5 1.4 

 1997 I r-1.2 3.2 r4.4 r2.7 r0.5 r3.9 r0.1 2.4 

 II r5.0 7.3 r2.2 3.1 r2.1 -1.8 r6.8 1.5 

 III r3.4 5.8 r2.4 r4.0 r2.1 r0.6 r1.9 1.1 

 IV r1.6 3.7 r2.0 r7.1 4.9 r5.3 r-5.5 1.0 

 ANNUAL 1.6 5.2 3.5 3.1 0.9 1.4 2.2 1.7 

 1998 I r3.2 5.6 r2.3 r7.8 r7.1 r4.5 r-5.8 0.4 

 II 1.2 2.9 1.7 5.7 r4.5 r4.4 r-6.6 0.1 

 III r4.5 5.3 r0.7 r6.7 r4.7 2.1 r-0.4 1.2 

 IV r2.1 7.9 r5.7 r1.9 r0.3 r-0.2 r1.3 0.4 

 ANNUAL r2.8 5.0 r2.1 r6.0 4.5 r3.1 r-3.1 0.7 

 1999 I r3.6 3.7 r0.1 r7.7 r6.0 r3.9 r-3.1 1.3 

 II r0.5 3.7 r3.2 r1.2 r-1.7 r0.7 r3.1 1.6 

 III r2.8 5.6 r2.7 3.5 0.4 r0.7 r2.7 1.4 

 IV r7.1 8.4 r1.2 8.4 5.3 r1.3 r1.5 1.4 

 ANNUAL 2.8 5.2 2.3 4.6 2.5 1.8 r0.0 1.1 

 2000 I r-2.0 -0.1 r1.9 r14.5 r10.3 r16.9 r-17.2 3.3 

 II r7.3 7.5 r0.2 1.1 -2.0 r-5.8 r17.0 1.8 

 III r-0.9 -0.8 r0.0 8.0 4.1 r8.9 r-10.9 1.4 

 IV r4.0 2.2 r-1.7 2.3 -0.6 r-1.6 r6.9 1.3 

 ANNUAL r2.7 3.8 r1.1 r7.0 3.6 4.2 r-2.0 1.9 

 2001 I -0.4 -1.1 -0.7 6.7 2.8 7.2 r-5.5 2.6 

 II r5.7 1.2 r-4.2 r2.5 r-0.6 r-3.0 r14.1 2.7 

 III r1.4 -2.9 r-4.3 1.8 1.0 r0.4 r1.3 0.7 

 IV r6.5 1.2 r-5.0 r3.2 r3.8 r-3.1 r10.2 1.5 

 ANNUAL 2.5 0.4 -2.0 4.0 1.1 r1.4 r2.7 1.9 

 2002 I r7.0 4.0 r-2.8 r5.5 r4.0 r-1.5 r1.8 -0.3 

 II r1.1 1.7 r0.6 r3.6 r0.3 r2.5 r0.6 1.8 

 III r4.5 3.6 r-0.9 1.2 r-0.8 r-3.1 r8.4 1.0 

 IV r1.4 1.4 r0.0 r1.1 r-0.9 -0.3 r4.1 1.3 
21 

 ANNUAL 4.3 1.8 -2.5 3.2 1.6 -1.1 4.7 1.0 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 2. —Continued 

 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) 

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

 Percent change from corresponding quarter of previous year 

 1994 I r1.3 4.2 r2.9 r2.4 r0.3 r1.1 r2.7 1.7 

 II r1.8 5.2 r3.3 1.8 -0.1 r0.0 r4.5 1.7 

 III r0.8 4.8 r4.1 1.3 r-0.9 r0.6 r4.6 2.1 

 IV 1.0 4.9 r3.9 1.5 -0.5 0.5 4.5 2.0 

 ANNUAL 1.2 4.8 r3.5 1.7 -0.4 0.5 4.1 1.9 

 1995 I r0.0 4.1 r4.2 1.1 -1.3 r1.1 r3.7 2.1 

 II r0.2 2.7 2.5 1.9 -0.7 r1.7 r2.5 2.0 

 III r1.0 3.4 r2.4 r2.6 0.2 1.6 r1.4 1.5 

 IV r0.9 2.7 r1.8 2.9 0.6 2.1 r0.2 1.4 

 ANNUAL 0.5 3.2 2.7 2.1 -0.3 1.6 r1.9 1.7 

 1996 I r2.1 3.1 r1.0 r3.2 0.6 1.0 1.7 1.3 

 II 3.0 4.8 1.8 3.5 0.9 0.5 r2.5 1.3 

 III 3.1 4.7 1.6 r3.6 1.0 0.5 2.7 1.3 

 IV r2.4 5.2 r2.7 r3.1 r0.1 r0.7 3.2 1.6 

 ANNUAL 2.7 4.5 1.8 3.4 0.7 0.7 r2.5 1.4 

 1997 I 1.1 5.2 4.0 r2.7 0.0 1.6 2.2 1.8 

 II r1.3 5.1 3.7 r2.6 0.4 1.2 r2.9 1.8 

 III r1.9 5.5 r3.5 2.8 0.8 0.9 r3.0 1.7 

 IV r2.2 5.0 r2.7 r4.2 r2.4 2.0 0.7 1.5 

 ANNUAL 1.6 5.2 3.5 3.1 0.9 1.4 2.2 1.7 

 1998 I 3.3 5.6 2.2 5.5 4.0 2.1 -0.8 1.0 

 II 2.3 4.5 2.1 6.1 4.6 3.7 r-4.0 0.7 

 III r2.6 4.4 r1.7 r6.8 r5.3 r4.1 r-4.6 0.7 

 IV 2.7 5.4 2.6 5.5 4.1 2.7 r-2.9 0.5 

 ANNUAL r2.8 5.0 r2.1 r6.0 4.5 r3.1 r-3.1 0.7 

 1999 I r2.8 4.9 r2.0 5.5 3.8 r2.5 r-2.2 0.7 

 II 2.6 5.1 2.4 4.3 2.3 r1.6 r0.2 1.1 

 III r2.2 5.2 r2.9 r3.5 r1.2 1.3 r1.0 1.2 

 IV r3.5 5.4 1.8 5.2 2.5 r1.6 1.0 1.4 

 ANNUAL 2.8 5.2 2.3 4.6 2.5 1.8 r0.0 1.1 

 2000 I r2.0 4.4 r2.3 r6.8 r3.5 r4.7 r-2.9 1.9 

 II r3.7 5.3 r1.5 6.8 3.4 2.9 r0.3 2.0 

 III r2.8 3.6 0.8 r7.9 r4.3 5.0 r-3.2 2.0 

 IV r2.0 2.1 0.1 r6.3 r2.8 r4.2 r-2.0 2.0 

 ANNUAL r2.7 3.8 r1.1 r7.0 3.6 4.2 r-2.0 1.9 

 2001 I 2.4 1.9 -0.5 4.5 1.0 r2.0 r1.3 1.8 

 II 2.0 0.4 r-1.7 4.9 1.4 2.8 r0.7 2.0 

 III 2.6 -0.2 -2.7 3.3 r0.6 r0.7 r3.9 1.8 

 IV r3.2 -0.4 -3.6 3.6 1.7 0.3 r4.7 1.9 

 ANNUAL 2.5 0.4 -2.0 4.0 1.1 r1.4 r2.7 1.9 

 2002 I 5.1 0.9 -4.1 3.2 2.0 -1.8 6.7 1.2 

 II 4.0 1.0 -2.9 3.5 2.2 r-0.4 3.4 0.9 

 III 4.7 2.6 -2.0 r3.4 1.8 -1.3 5.2 1.0 

 IV 3.5 2.7 -0.8 r2.8 0.6 -0.6 3.7 1.0 
22 

 ANNUAL 4.3 1.8 -2.5 3.2 1.6 -1.1 4.7 1.0 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

 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 

 1994 I 104.6 106.9 102.2 104.8 101.0 100.2 

 II 106.0 109.3 103.1 104.9 100.6 99.0 

 III 106.3 110.8 104.2 105.4 100.3 99.1 

 IV 107.3 113.2 105.4 106.1 100.5 98.9 

 ANNUAL 106.1 110.0 103.8 105.3 100.6 99.3 

 1995 I 108.5 114.5 105.6 105.5 99.3 97.2 

 II 109.4 114.3 104.5 107.0 100.0 97.8 

 III 110.3 115.0 104.2 108.1 100.5 97.9 

 IV 111.5 116.0 104.1 108.7 100.6 97.5 

 ANNUAL 109.9 115.0 104.6 107.3 100.1 97.6 

 1996 I 112.9 115.9 102.7 108.7 99.9 96.3 

 II 113.3 118.1 104.2 109.0 99.3 96.2 

 III 114.4 119.7 104.7 109.6 99.3 95.8 

 IV 115.0 120.8 105.1 110.1 99.0 95.7 

 ANNUAL 113.9 118.6 104.2 109.3 99.3 96.0 

 1997 I 115.8 122.7 105.9 110.2 98.5 95.1 

 II 116.9 123.7 105.8 111.5 99.5 95.4 

 III 118.9 125.8 105.8 112.7 100.1 94.8 

 IV 120.2 128.2 106.7 114.5 101.1 95.2 

 ANNUAL 118.0 125.1 106.0 112.2 99.8 95.1 

 1998 I 121.8 129.7 106.5 116.6 102.8 95.7 

 II 122.9 130.3 106.1 118.3 104.0 96.3 

 III 124.9 130.7 104.7 120.0 105.0 96.1 

 IV 125.1 132.1 105.6 120.2 104.9 96.1 

 ANNUAL 123.6 130.7 105.7 118.7 104.2 96.0 

 1999 I 126.6 133.0 105.0 121.3 105.4 95.8 

 II 127.3 133.9 105.1 122.1 105.3 95.9 

 III 127.5 134.6 105.6 123.5 105.7 96.9 

 IV 130.8 136.8 104.6 126.8 107.7 97.0 

 ANNUAL 128.1 134.6 105.1 123.4 106.0 96.4 

 2000 I 132.6 138.1 104.1 133.2 112.1 100.5 

 II 134.4 140.0 104.1 132.5 110.7 98.6 

 III 134.0 139.0 103.8 135.9 112.4 101.4 

 IV 134.9 137.5 102.0 136.7 112.3 101.4 

 ANNUAL 134.1 138.6 103.4 134.7 112.0 100.5 

 2001 I 134.6 134.9 100.2 138.1 112.4 102.7 

 II 135.8 133.1 98.0 137.3 110.9 101.1 

 III 137.0 131.3 95.8 137.0 110.4 100.0 

 IV 140.6 130.0 92.5 139.0 112.2 98.8 

 ANNUAL 136.9 132.3 96.6 137.8 111.5 100.7 

 2002 I 144.4 131.1 90.8 143.8 115.6 99.6 

 II 146.5 132.4 90.4 146.7 117.0 100.2 

 III 148.7 133.2 89.6 148.3 117.7 99.7 
23 

 IV 149.5 132.1 88.4 149.4 117.9 99.9 

 ANNUAL 147.3 132.2 89.8 147.0 117.0 99.8 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 3. —Continued 

 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 

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

 Percent change from previous quarter at annual rate(5) 

 1994 I 3.0 4.4 1.3 5.7 4.6 2.5 

 II 5.4 9.1 3.5 0.5 -1.7 -4.7 

 III 1.0 5.5 4.4 1.8 -1.3 0.8 

 IV 4.1 9.1 4.7 2.9 1.0 -1.2 

 ANNUAL 3.3 5.7 2.3 3.2 1.1 -0.1 

 1995 I 4.4 4.9 0.5 -2.5 -4.7 -6.6 

 II 3.4 -0.7 -4.0 5.8 2.6 2.4 

 III 3.4 2.2 -1.1 4.1 2.2 0.7 

 IV 4.3 3.7 -0.5 2.4 0.6 -1.8 

 ANNUAL 3.6 4.5 0.8 1.9 -0.5 -1.7 

 1996 I 5.1 -0.4 -5.3 0.1 -3.0 -4.8 

 II 1.3 7.7 6.3 0.9 -2.5 -0.4 

 III 4.0 5.7 1.6 2.2 0.0 -1.7 

 IV 2.1 3.7 1.6 1.8 -1.2 -0.3 

 ANNUAL 3.6 3.2 -0.4 1.9 -0.8 -1.6 

 1997 I 3.0 6.3 3.2 0.4 -1.8 -2.5 

 II 3.8 3.5 -0.3 5.1 4.1 1.3 

 III 7.0 6.7 -0.3 4.3 2.4 -2.5 

 IV 4.3 8.0 3.5 6.2 4.1 1.9 

 ANNUAL 3.6 5.5 1.8 2.6 0.5 -0.9 

 1998 I 5.4 4.8 -0.5 7.6 6.9 2.1 

 II 3.6 1.8 -1.8 6.0 4.8 2.3 

 III 6.7 1.3 -5.0 5.9 3.9 -0.8 

 IV 0.7 4.4 3.6 0.9 -0.7 0.2 

 ANNUAL 4.8 4.5 -0.3 5.8 4.3 1.0 

 1999 I 5.0 2.5 -2.4 3.6 2.0 -1.3 

 II 2.3 2.8 0.5 2.6 -0.3 0.3 

 III 0.5 2.2 1.7 4.7 1.6 4.2 

 IV 10.8 6.8 -3.6 11.2 7.9 0.3 

 ANNUAL 3.6 2.9 -0.6 3.9 1.8 0.3 

 2000 I 5.6 3.7 -1.9 21.8 17.3 15.3 

 II 5.6 5.6 0.0 -2.1 -5.1 -7.3 

 III -1.4 -2.8 -1.4 10.6 6.6 12.1 

 IV 2.8 -4.1 -6.7 2.4 -0.4 -0.3 

 ANNUAL 4.7 3.0 -1.6 9.2 5.6 4.2 

 2001 I -0.9 -7.6 -6.7 4.3 0.4 5.2 

 II 3.8 -5.0 -8.5 -2.4 -5.4 -5.9 

 III 3.5 -5.5 -8.6 -0.9 -1.7 -4.2 

 IV 11.1 -3.7 -13.3 5.9 6.5 -4.6 

 ANNUAL 2.1 -4.6 -6.5 2.3 -0.5 0.2 

 2002 I 11.2 3.2 -7.2 14.6 12.9 3.0 

 II 5.8 4.1 -1.6 8.5 5.0 2.6 
24 

 III 6.3 2.4 -3.7 4.3 2.1 -1.9 

 IV 2.2 -3.2 -5.3 3.0 0.9 0.8 

 ANNUAL 7.5 -0.1 -7.1 6.6 5.0 -0.8 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 3. —Continued 

 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 

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

 Percent change from corresponding quarter of previous year 

 1994 I 2.3 3.7 1.4 3.8 1.7 1.5 

 II 3.7 5.5 1.7 3.3 1.4 -0.3 

 III 3.8 6.5 2.6 3.0 0.7 -0.7 

 IV 3.4 7.0 3.5 2.7 0.6 -0.7 

 ANNUAL 3.3 5.7 2.3 3.2 1.1 -0.1 

 1995 I 3.7 7.1 3.3 0.7 -1.7 -3.0 

 II 3.2 4.6 1.4 2.0 -0.6 -1.2 

 III 3.8 3.8 0.0 2.6 0.2 -1.2 

 IV 3.9 2.5 -1.3 2.4 0.1 -1.4 

 ANNUAL 3.6 4.5 0.8 1.9 -0.5 -1.7 

 1996 I 4.0 1.2 -2.7 3.1 0.6 -0.9 

 II 3.5 3.3 -0.3 1.9 -0.7 -1.6 

 III 3.7 4.1 0.4 1.4 -1.2 -2.2 

 IV 3.1 4.1 1.0 1.3 -1.7 -1.8 

 ANNUAL 3.6 3.2 -0.4 1.9 -0.8 -1.6 

 1997 I 2.6 5.8 3.2 1.3 -1.4 -1.3 

 II 3.2 4.8 1.5 2.4 0.3 -0.8 

 III 4.0 5.1 1.1 2.9 0.9 -1.0 

 IV 4.5 6.1 1.5 4.0 2.2 -0.5 

 ANNUAL 3.6 5.5 1.8 2.6 0.5 -0.9 

 1998 I 5.1 5.8 0.6 5.8 4.4 0.6 

 II 5.1 5.3 0.2 6.0 4.6 0.9 

 III 5.0 4.0 -1.0 6.4 4.9 1.3 

 IV 4.1 3.1 -1.0 5.1 3.7 0.9 

 ANNUAL 4.8 4.5 -0.3 5.8 4.3 1.0 

 1999 I 4.0 2.5 -1.4 4.1 2.5 0.1 

 II 3.7 2.7 -0.9 3.2 1.2 -0.4 

 III 2.1 2.9 0.8 2.9 0.6 0.8 

 IV 4.6 3.5 -1.0 5.5 2.8 0.9 

 ANNUAL 3.6 2.9 -0.6 3.9 1.8 0.3 

 2000 I 4.7 3.8 -0.8 9.8 6.4 4.9 

 II 5.6 4.6 -0.9 8.5 5.1 2.8 

 III 5.1 3.3 -1.7 10.0 6.4 4.7 

 IV 3.1 0.5 -2.5 7.8 4.2 4.6 

 ANNUAL 4.7 3.0 -1.6 9.2 5.6 4.2 

 2001 I 1.5 -2.3 -3.7 3.7 0.3 2.2 

 II 1.0 -4.9 -5.9 3.6 0.2 2.5 

 III 2.3 -5.5 -7.6 0.8 -1.8 -1.4 

 IV 4.3 -5.5 -9.3 1.7 -0.1 -2.5 

 ANNUAL 2.1 -4.6 -6.5 2.3 -0.5 0.2 

 2002 I 7.3 -2.8 -9.4 4.1 2.8 -3.0 
25 

 II 7.8 -0.5 -7.8 6.9 5.5 -0.9 

 III 8.6 1.5 -6.6 8.2 6.6 -0.3 

 IV 6.3 1.6 -4.5 7.5 5.1 1.1 

 ANNUAL 7.5 -0.1 -7.1 6.6 5.0 -0.8 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

 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 

 1994 I 107.6 110.7 102.9 105.0 101.2 97.5 

 II 109.4 113.6 103.8 105.1 100.8 96.1 

 III 110.0 115.9 105.4 105.5 100.4 95.8 

 IV 111.5 119.2 106.8 106.2 100.6 95.2 

 ANNUAL 109.7 114.8 104.7 105.4 100.7 96.1 

 1995 I 113.3 121.5 107.2 105.0 98.8 92.6 

 II 114.2 121.6 106.5 106.4 99.4 93.1 

 III 115.6 122.9 106.3 107.5 100.0 93.0 

 IV 117.5 125.1 106.5 108.0 100.0 91.9 

 ANNUAL 115.2 122.8 106.6 106.7 99.5 92.6 

 1996 I 119.3 125.6 105.3 107.4 98.7 90.1 

 II 120.0 128.9 107.4 107.7 98.1 89.7 

 III 121.6 131.2 108.0 108.4 98.2 89.2 

 IV 122.1 132.4 108.5 108.7 97.8 89.1 

 ANNUAL 120.7 129.5 107.3 108.1 98.2 89.5 

 1997 I 123.0 135.3 110.0 108.7 97.2 88.4 

 II 124.9 137.5 110.0 110.1 98.2 88.1 

 III 127.0 140.4 110.5 110.8 98.4 87.3 

 IV 130.0 144.8 111.3 112.7 99.6 86.7 

 ANNUAL 126.3 139.5 110.5 110.6 98.4 87.6 

 1998 I 132.2 147.6 111.6 115.1 101.5 87.1 

 II 133.9 148.6 111.0 116.8 102.7 87.2 

 III 136.9 150.5 109.9 118.1 103.4 86.2 

 IV 138.5 154.0 111.2 118.5 103.4 85.6 

 ANNUAL 135.4 150.2 111.0 117.1 102.7 86.5 

 1999 I 141.3 155.5 110.0 120.0 104.2 84.9 

 II 142.9 157.2 110.0 121.0 104.4 84.7 

 III 142.9 159.4 111.6 122.4 104.8 85.7 

 IV 146.1 161.7 110.7 126.2 107.2 86.3 

 ANNUAL 143.3 158.5 110.6 122.4 105.2 85.4 

 2000 I 149.6 164.9 110.2 133.4 112.3 89.2 

 II 151.4 167.5 110.7 131.9 110.1 87.1 

 III 151.0 166.4 110.2 135.7 112.3 89.9 

 IV 151.0 164.1 108.6 135.4 111.3 89.7 

 ANNUAL 150.9 165.7 109.8 134.2 111.6 89.0 

 2001 I 150.3 160.1 106.5 136.4 111.0 90.7 

 II 151.7 157.6 103.9 135.8 109.6 89.5 

 III 153.4 154.4 100.7 135.6 109.3 88.4 

 IV 156.8 151.5 96.6 137.9 111.3 87.9 

 ANNUAL 153.0 155.9 101.9 136.4 110.3 89.2 
26 

 2002 I 161.8 153.1 94.6 140.8 113.2 87.0 

 II 164.6 155.3 94.3 143.9 114.8 87.4 

 III 167.7 156.6 93.4 145.0 115.1 86.5 

 IV 170.6 156.3 91.6 146.1 115.4 85.7 

 ANNUAL 166.1 155.3 93.5 143.9 114.6 86.6 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 4. —Continued 

 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 

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

 Percent change from previous quarter at annual rate(5) 

 1994 I 3.6 6.6 2.9 6.8 5.7 3.0 

 II 6.9 11.0 3.8 0.6 -1.5 -5.9 

 III 2.3 8.4 6.0 1.3 -1.8 -1.0 

 IV 5.5 11.6 5.8 2.6 0.8 -2.7 

 ANNUAL 4.9 8.3 3.2 3.5 1.4 -1.3 

 1995 I 6.7 8.0 1.2 -4.4 -6.7 -10.5 

 II 3.2 0.4 -2.6 5.6 2.3 2.3 

 III 4.9 4.5 -0.4 4.2 2.3 -0.6 

 IV 6.8 7.3 0.5 1.8 0.0 -4.7 

 ANNUAL 5.0 6.9 1.8 1.2 -1.2 -3.6 

 1996 I 6.1 1.5 -4.3 -2.0 -5.1 -7.6 

 II 2.6 11.0 8.2 1.1 -2.3 -1.4 

 III 5.3 7.4 2.0 2.5 0.4 -2.6 

 IV 1.7 3.7 2.0 1.3 -1.7 -0.4 

 ANNUAL 4.8 5.5 0.6 1.3 -1.4 -3.4 

 1997 I 3.1 8.9 5.7 -0.1 -2.3 -3.1 

 II 6.3 6.5 0.1 5.1 4.1 -1.2 

 III 6.9 8.8 1.8 2.9 1.0 -3.8 

 IV 9.9 13.2 3.0 7.0 4.9 -2.6 

 ANNUAL 4.6 7.7 3.0 2.3 0.2 -2.1 

 1998 I 6.8 8.0 1.1 8.7 8.0 1.7 

 II 5.1 2.8 -2.2 5.9 4.7 0.7 

 III 9.3 5.1 -3.8 4.5 2.6 -4.4 

 IV 4.7 9.7 4.8 1.6 -0.1 -3.0 

 ANNUAL 7.2 7.7 0.4 5.9 4.4 -1.2 

 1999 I 8.3 3.7 -4.2 5.0 3.3 -3.1 

 II 4.6 4.7 0.0 3.6 0.7 -1.0 

 III 0.1 5.7 5.6 4.6 1.5 4.5 

 IV 9.4 5.9 -3.1 12.9 9.6 3.2 

 ANNUAL 5.9 5.5 -0.3 4.5 2.4 -1.3 

 2000 I 9.8 7.9 -1.7 25.0 20.3 13.9 

 II 4.9 6.6 1.6 -4.5 -7.5 -9.0 

 III -1.1 -2.6 -1.6 12.1 8.1 13.3 

 IV 0.2 -5.4 -5.6 -0.7 -3.5 -0.9 

 ANNUAL 5.3 4.6 -0.7 9.7 6.1 4.2 

 2001 I -2.0 -9.5 -7.6 2.7 -1.1 4.8 

 II 3.7 -6.1 -9.4 -1.7 -4.7 -5.2 

 III 4.6 -7.7 -11.8 -0.6 -1.4 -5.0 

 IV 9.2 -7.3 -15.2 7.1 7.7 -2.0 

 ANNUAL 1.4 -5.9 -7.2 1.6 -1.2 0.2 
27 

 2002 I 13.3 4.1 -8.1 8.7 7.1 -4.1 

 II 7.1 6.0 -1.0 9.0 5.5 1.8 

 III 7.7 3.3 -4.0 3.2 1.1 -4.2 

 IV 7.1 -0.7 -7.2 3.2 1.1 -3.6 

 ANNUAL 8.6 -0.4 -8.3 5.5 3.9 -2.8 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 4. —Continued 

 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 

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

 Percent change from corresponding quarter of previous year 

 1994 I 3.9 6.1 2.1 4.1 2.0 0.2 

 II 5.2 8.0 2.6 3.7 1.8 -1.4 

 III 5.8 9.7 3.6 3.3 1.0 -2.4 

 IV 4.6 9.4 4.6 2.8 0.7 -1.7 

 ANNUAL 4.9 8.3 3.2 3.5 1.4 -1.3 

 1995 I 5.3 9.7 4.2 0.0 -2.3 -5.1 

 II 4.4 7.0 2.5 1.2 -1.4 -3.1 

 III 5.1 6.1 0.9 1.9 -0.4 -3.0 

 IV 5.4 5.0 -0.3 1.7 -0.6 -3.5 

 ANNUAL 5.0 6.9 1.8 1.2 -1.2 -3.6 

 1996 I 5.2 3.4 -1.7 2.3 -0.2 -2.7 

 II 5.1 6.0 0.9 1.2 -1.3 -3.6 

 III 5.2 6.7 1.5 0.8 -1.8 -4.1 

 IV 3.9 5.8 1.9 0.7 -2.2 -3.0 

 ANNUAL 4.8 5.5 0.6 1.3 -1.4 -3.4 

 1997 I 3.1 7.7 4.5 1.2 -1.5 -1.9 

 II 4.1 6.6 2.4 2.2 0.1 -1.8 

 III 4.5 7.0 2.4 2.3 0.2 -2.1 

 IV 6.5 9.3 2.6 3.7 1.9 -2.7 

 ANNUAL 4.6 7.7 3.0 2.3 0.2 -2.1 

 1998 I 7.5 9.1 1.5 5.9 4.5 -1.5 

 II 7.2 8.1 0.9 6.1 4.6 -1.0 

 III 7.8 7.2 -0.5 6.5 5.0 -1.2 

 IV 6.5 6.4 -0.1 5.1 3.8 -1.3 

 ANNUAL 7.2 7.7 0.4 5.9 4.4 -1.2 

 1999 I 6.9 5.3 -1.4 4.2 2.6 -2.5 

 II 6.7 5.8 -0.9 3.7 1.6 -2.9 

 III 4.4 5.9 1.5 3.7 1.4 -0.7 

 IV 5.5 5.0 -0.5 6.5 3.7 0.9 

 ANNUAL 5.9 5.5 -0.3 4.5 2.4 -1.3 

 2000 I 5.9 6.0 0.2 11.2 7.7 5.0 

 II 5.9 6.5 0.6 8.9 5.5 2.8 

 III 5.6 4.4 -1.2 10.9 7.2 4.9 

 IV 3.4 1.5 -1.8 7.4 3.8 3.9 

 ANNUAL 5.3 4.6 -0.7 9.7 6.1 4.2 

 2001 I 0.5 -2.9 -3.4 2.2 -1.1 1.7 

 II 0.2 -5.9 -6.1 3.0 -0.4 2.8 

 III 1.6 -7.2 -8.7 -0.1 -2.7 -1.7 

 IV 3.8 -7.7 -11.1 1.8 0.0 -1.9 
28 

 ANNUAL 1.4 -5.9 -7.2 1.6 -1.2 0.2 

 2002 I 7.7 -4.4 -11.2 3.3 2.0 -4.1 

 II 8.5 -1.5 -9.2 6.0 4.7 -2.4 

 III 9.3 1.4 -7.2 6.9 5.3 -2.2 

 IV 8.8 3.2 -5.1 6.0 3.7 -2.6 

 ANNUAL 8.6 -0.4 -8.3 5.5 3.9 -2.8 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

 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 

 1994 I 101.3 102.5 101.2 104.2 100.5 102.9 

 II 102.2 104.3 102.0 104.2 100.0 102.0 

 III 102.2 104.8 102.6 104.8 99.8 102.6 

 IV 103.0 106.4 103.3 105.6 100.1 102.6 

 ANNUAL 102.2 104.5 102.3 104.7 100.1 102.5 

 1995 I 103.5 106.8 103.2 105.9 99.8 102.3 

 II 104.6 106.3 101.6 107.5 100.4 102.7 

 III 105.1 106.1 101.0 108.5 100.9 103.2 

 IV 105.4 105.9 100.4 109.3 101.2 103.7 

 ANNUAL 104.6 106.3 101.6 107.8 100.6 103.0 

 1996 I 106.4 105.0 98.7 110.4 101.4 103.8 

 II 106.5 105.9 99.5 110.4 100.6 103.7 

 III 107.2 106.9 99.7 110.8 100.4 103.4 

 IV 108.2 108.1 99.9 111.6 100.3 103.1 

 ANNUAL 107.1 106.5 99.5 110.8 100.7 103.5 

 1997 I 109.4 109.2 99.8 111.8 99.9 102.1 

 II 109.8 109.3 99.5 113.2 101.0 103.0 

 III 112.1 110.6 98.6 115.0 102.1 102.6 

 IV 111.3 111.0 99.7 116.4 102.8 104.5 

 ANNUAL 110.7 110.0 99.4 114.1 101.5 103.1 

 1998 I 112.4 111.2 98.9 117.8 103.9 104.8 

 II 112.8 111.3 98.7 119.6 105.2 106.0 

 III 113.9 110.4 96.9 122.0 106.8 107.1 

 IV 112.8 109.7 97.3 121.8 106.3 108.0 

 ANNUAL 113.0 110.6 97.9 120.3 105.5 106.5 

 1999 I 112.9 110.0 97.5 122.3 106.2 108.3 

 II 112.7 110.2 97.8 122.5 105.6 108.7 

 III 113.3 109.5 96.6 123.6 105.8 109.1 

 IV 116.8 111.6 95.6 125.9 107.0 107.8 

 ANNUAL 113.9 110.3 96.9 123.6 106.2 108.5 

 2000 I 116.7 110.9 95.0 130.5 109.8 111.8 

 II 118.7 112.0 94.4 131.4 109.7 110.7 

 III 118.0 111.1 94.1 133.7 110.7 113.3 

 IV 119.9 110.4 92.0 136.6 112.2 113.9 

 ANNUAL 118.5 111.1 93.7 133.2 110.8 112.4 

 2001 I 119.9 108.9 90.8 139.2 113.3 116.1 

 II 120.8 107.8 89.2 138.0 111.5 114.3 

 III 120.9 107.1 88.6 137.8 111.1 114.0 

 IV 124.4 107.3 86.3 139.3 112.4 111.9 
29 

 ANNUAL 121.5 107.8 88.7 138.6 112.1 114.1 

 2002 I 126.9 107.9 85.0 147.9 118.9 116.5 

 II 128.3 108.4 84.5 150.5 120.1 117.4 

 III 129.7 108.7 83.8 152.9 121.3 117.9 

 IV 128.2 106.9 83.4 154.1 121.6 120.2 

 ANNUAL 128.2 108.0 84.2 151.3 120.5 118.0 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 5. —Continued 

 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 

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

 Percent change from previous quarter at annual rate(5) 

 1994 I 2.8 1.7 -1.0 3.2 2.2 0.4 

 II 3.8 7.0 3.0 0.1 -2.0 -3.5 

 III 0.0 2.2 2.2 2.4 -0.8 2.3 

 IV 3.0 6.2 3.1 3.1 1.2 0.1 

 ANNUAL 1.7 2.6 0.9 2.4 0.3 0.7 

 1995 I 2.1 1.4 -0.7 1.1 -1.3 -1.0 

 II 4.3 -2.0 -6.0 6.0 2.7 1.6 

 III 1.8 -0.6 -2.3 3.7 1.7 1.9 

 IV 1.3 -0.9 -2.1 3.2 1.5 1.9 

 ANNUAL 2.4 1.7 -0.7 2.9 0.5 0.5 

 1996 I 3.9 -3.1 -6.7 4.0 0.7 0.1 

 II 0.2 3.4 3.2 0.0 -3.3 -0.2 

 III 2.8 3.9 1.0 1.5 -0.7 -1.3 

 IV 3.6 4.5 0.8 2.7 -0.4 -0.9 

 ANNUAL 2.3 0.2 -2.1 2.8 0.1 0.5 

 1997 I 4.7 4.1 -0.6 0.7 -1.5 -3.8 

 II 1.5 0.5 -1.0 5.1 4.1 3.6 

 III 8.5 4.6 -3.6 6.6 4.7 -1.7 

 IV -2.8 1.5 4.4 4.8 2.7 7.8 

 ANNUAL 3.4 3.3 -0.1 2.9 0.8 -0.4 

 1998 I 4.0 0.7 -3.2 5.0 4.4 1.0 

 II 1.6 0.5 -1.0 6.4 5.2 4.7 

 III 4.0 -3.4 -7.1 8.2 6.2 4.0 

 IV -3.9 -2.3 1.6 -0.5 -2.1 3.5 

 ANNUAL 2.1 0.6 -1.5 5.5 4.0 3.3 

 1999 I 0.3 1.2 0.9 1.4 -0.2 1.0 

 II -0.8 0.4 1.2 0.8 -2.1 1.6 

 III 2.2 -2.4 -4.5 3.8 0.7 1.6 

 IV 12.8 7.9 -4.3 7.6 4.5 -4.6 

 ANNUAL 0.8 -0.3 -1.1 2.7 0.6 1.9 

 2000 I -0.1 -2.3 -2.2 15.4 11.1 15.5 

 II 6.8 3.9 -2.8 2.7 -0.4 -3.8 

 III -2.3 -3.2 -1.0 7.4 3.5 9.8 

 IV 6.6 -2.5 -8.5 8.9 5.9 2.2 

 ANNUAL 4.0 0.7 -3.2 7.8 4.3 3.6 

 2001 I -0.2 -5.3 -5.1 7.8 3.8 8.0 

 II 3.2 -3.8 -6.8 -3.4 -6.3 -6.3 

 III 0.3 -2.6 -2.9 -0.6 -1.4 -0.9 
30 

 IV 12.2 0.8 -10.1 4.3 4.9 -7.1 

 ANNUAL 2.5 -3.0 -5.3 4.0 1.2 1.5 

 2002 I 8.2 2.2 -5.5 27.1 25.3 17.5 

 II 4.4 1.8 -2.4 7.4 4.0 2.9 

 III 4.5 1.1 -3.2 6.4 4.2 1.9 

 IV -4.5 -6.4 -2.0 3.1 1.0 8.0 

 ANNUAL 5.6 0.2 -5.1 9.2 7.5 3.4 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 5. —Continued 

 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 

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

 Percent change from corresponding quarter of previous year 

 1994 I 0.6 0.9 0.4 3.0 0.8 2.4 

 II 2.2 2.5 0.3 2.4 0.4 0.2 

 III 1.6 2.8 1.1 2.2 -0.1 0.5 

 IV 2.4 4.3 1.8 2.2 0.1 -0.2 

 ANNUAL 1.7 2.6 0.9 2.4 0.3 0.7 

 1995 I 2.2 4.2 1.9 1.7 -0.7 -0.5 

 II 2.3 1.9 -0.4 3.1 0.5 0.8 

 III 2.8 1.2 -1.5 3.4 1.1 0.7 

 IV 2.3 -0.5 -2.8 3.5 1.2 1.1 

 ANNUAL 2.4 1.7 -0.7 2.9 0.5 0.5 

 1996 I 2.8 -1.6 -4.3 4.2 1.7 1.4 

 II 1.8 -0.3 -2.1 2.7 0.1 0.9 

 III 2.0 0.8 -1.2 2.2 -0.5 0.1 

 IV 2.6 2.1 -0.5 2.0 -0.9 -0.6 

 ANNUAL 2.3 0.2 -2.1 2.8 0.1 0.5 

 1997 I 2.8 3.9 1.1 1.2 -1.5 -1.6 

 II 3.2 3.2 0.1 2.5 0.4 -0.6 

 III 4.5 3.4 -1.1 3.8 1.7 -0.7 

 IV 2.9 2.7 -0.2 4.3 2.5 1.4 

 ANNUAL 3.4 3.3 -0.1 2.9 0.8 -0.4 

 1998 I 2.7 1.8 -0.9 5.4 4.0 2.6 

 II 2.7 1.8 -0.9 5.7 4.2 2.9 

 III 1.7 -0.2 -1.8 6.1 4.6 4.4 

 IV 1.4 -1.1 -2.5 4.7 3.3 3.3 

 ANNUAL 2.1 0.6 -1.5 5.5 4.0 3.3 

 1999 I 0.5 -1.0 -1.5 3.8 2.2 3.3 

 II -0.1 -1.0 -0.9 2.4 0.4 2.5 

 III -0.6 -0.8 -0.2 1.3 -0.9 1.9 

 IV 3.5 1.7 -1.7 3.3 0.7 -0.2 

 ANNUAL 0.8 -0.3 -1.1 2.7 0.6 1.9 

 2000 I 3.4 0.8 -2.5 6.7 3.4 3.2 

 II 5.3 1.7 -3.5 7.3 3.9 1.8 

 III 4.2 1.5 -2.6 8.2 4.6 3.8 

 IV 2.7 -1.1 -3.7 8.5 4.9 5.7 

 ANNUAL 4.0 0.7 -3.2 7.8 4.3 3.6 

 2001 I 2.7 -1.9 -4.4 6.7 3.2 3.9 

 II 1.8 -3.7 -5.4 5.1 1.6 3.2 
31 

 III 2.4 -3.6 -5.9 3.1 0.4 0.6 

 IV 3.8 -2.7 -6.3 1.9 0.1 -1.8 

 ANNUAL 2.5 -3.0 -5.3 4.0 1.2 1.5 

 2002 I 5.9 -0.9 -6.4 6.2 5.0 0.3 

 II 6.2 0.6 -5.3 9.1 7.7 2.7 

 III 7.3 1.5 -5.4 10.9 9.2 3.4 

 IV 3.0 -0.4 -3.3 10.6 8.2 7.4 

 ANNUAL 5.6 0.2 -5.1 9.2 7.5 3.4 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 6. Nonfinancial corporations: 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 

 1994 I 101.9 106.3 104.4 103.6 99.9 101.7 102.0 101.8 120.2 103.4 

 II 102.1 108.5 106.2 103.4 r99.1 101.2 99.9 100.9 131.5 103.6 

 III r102.0 109.8 107.6 103.3 98.3 101.2 100.8 101.1 134.7 104.1 

 IV 102.8 112.0 r109.0 103.9 98.4 101.0 100.5 100.9 140.0 104.4 

 ANNUAL 102.2 109.2 106.8 r103.5 98.9 101.3 100.8 101.2 131.7 103.9 

 1995 I 102.4 112.5 109.8 104.7 98.6 102.2 101.3 101.9 132.7 104.7 

 II 102.8 113.4 110.3 r105.0 r98.1 102.2 101.6 102.0 132.4 104.7 

 III 103.7 115.2 111.1 r105.4 98.1 101.7 100.9 101.5 141.0 105.0 

 IV 104.4 116.2 111.3 106.1 98.3 101.7 101.1 101.5 141.2 105.1 

 ANNUAL 103.3 114.3 110.6 105.3 98.3 101.9 101.2 101.7 136.9 104.9 

 1996 I 105.7 117.5 111.1 r107.1 98.4 101.4 100.5 101.1 148.3 105.3 

 II 106.7 119.6 112.1 108.2 98.6 101.4 100.0 101.1 149.9 105.4 

 III 107.7 121.7 113.0 109.0 98.7 101.2 99.7 100.8 149.4 105.1 

 IV 108.3 123.6 114.1 109.5 98.5 101.1 99.7 100.7 152.2 105.3 

 ANNUAL 107.1 120.6 112.6 108.5 r98.5 101.3 100.0 100.9 150.0 105.3 

 1997 I 108.5 125.3 115.5 110.4 r98.7 101.8 100.2 101.4 152.7 106.0 

 II 109.3 127.2 116.4 111.0 99.0 101.6 99.9 101.1 152.9 105.8 

 III 110.6 129.7 117.3 111.9 99.4 101.2 99.7 100.8 158.5 106.0 

 IV r111.3 131.5 118.2 113.6 r100.4 102.1 99.2 101.3 153.1 105.9 

 ANNUAL 109.9 128.4 116.9 111.7 99.4 101.7 99.7 101.1 154.3 105.9 

 1998 I r111.9 132.9 118.8 116.1 102.4 103.8 99.1 102.5 139.7 105.9 

 II 112.9 134.7 119.3 117.5 r103.4 104.0 99.1 102.7 136.6 105.8 

 III 114.6 137.0 119.6 119.2 r104.4 104.0 99.1 102.7 139.8 106.0 

 IV r114.5 138.6 121.1 119.7 104.4 104.6 100.5 103.5 132.2 106.1 

 ANNUAL 113.5 135.8 119.7 118.1 103.6 104.1 99.5 102.9 137.0 105.9 

 1999 I r116.6 141.6 121.5 r122.7 r106.6 105.2 99.2 103.6 133.3 106.3 

 II 117.1 143.2 122.3 r122.9 r106.0 104.9 99.7 103.5 133.6 106.2 

 III 117.1 144.4 r123.2 123.5 105.7 105.5 101.0 104.3 126.2 106.2 

 IV r118.5 146.9 124.0 125.2 106.4 105.7 101.5 104.6 123.4 106.3 

 ANNUAL 117.3 144.0 122.8 r123.6 r106.2 105.3 100.4 104.0 129.1 106.2 

 2000 I 120.5 150.3 124.7 129.7 109.2 107.7 101.9 106.1 114.6 106.9 

 II r121.2 151.1 r124.7 130.5 r109.0 107.7 103.5 106.6 115.9 107.4 

 III r122.0 152.4 r124.9 132.9 110.0 109.0 104.8 107.9 107.4 107.8 

 IV 122.2 152.3 124.7 134.4 110.4 110.0 106.5 109.1 97.0 108.0 

 ANNUAL 121.5 151.5 124.7 132.0 109.7 108.6 104.2 107.4 108.7 107.5 

 2001 I 122.6 151.9 123.9 135.5 110.3 110.5 109.2 110.2 87.4 108.1 
32 

 II 123.5 151.1 122.3 136.8 110.5 110.8 111.6 111.0 86.9 108.9 

 III 123.7 149.4 120.8 137.9 r111.2 111.5 114.1 112.2 79.0 109.2 

 IV 124.5 148.2 119.1 139.3 r112.5 111.9 115.7 113.0 75.5 109.6 

 ANNUAL r123.6 150.2 121.5 r137.4 111.1 111.2 112.6 111.6 82.2 108.9 

 2002 I 126.7 150.2 118.5 139.9 112.5 110.4 113.6 111.3 88.8 109.3 

 II 128.2 151.7 118.4 r141.4 112.8 110.3 112.7 111.0 94.5 109.5 

 III 129.0 152.2 r117.9 142.1 r112.8 110.1 112.8 110.9 95.8 109.5 

 IV 129.6 152.4 117.6 142.8 112.8 110.2 112.8 110.9 102.3 110.1 

 ANNUAL 128.4 151.6 118.1 r141.6 112.7 110.3 113.0 111.0 95.4 109.6 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 6. —Continued. Nonfinancial corporations: 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) 

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

 Percent change from previous quarter at annual rate(5) 

 1994 I r2.9 6.2 r3.2 r5.1 r4.0 2.1 10.2 4.2 -16.4 1.8 

 II r1.0 8.4 r7.3 -0.8 -2.9 -1.8 -8.2 -3.6 43.2 0.7 

 III -0.3 4.8 r5.1 -0.2 -3.3 0.1 3.9 1.1 10.2 2.1 

 IV 3.0 8.4 r5.3 2.2 r0.3 -0.8 -1.2 -0.9 16.5 1.0 

 ANNUAL 1.9 6.2 r4.3 r1.7 r-0.4 -0.1 0.9 0.1 15.4 1.7 

 1995 I r-1.4 1.6 r3.0 r3.2 r0.8 4.6 3.0 4.2 -19.3 1.2 

 II r1.4 3.4 r1.9 r1.4 -1.7 0.0 1.3 0.3 -0.9 0.2 

 III 3.5 6.5 2.9 1.6 r-0.3 -1.9 -2.7 -2.1 28.6 1.1 

 IV r2.8 3.6 r0.8 r2.5 r0.8 -0.2 0.7 0.1 0.5 0.1 

 ANNUAL 1.1 4.7 3.6 1.7 -0.7 0.6 0.4 0.6 3.9 1.0 

 1996 I r5.1 4.4 r-0.7 r3.9 r0.7 -1.1 -2.5 -1.5 21.9 1.1 

 II 3.7 7.5 r3.7 4.0 0.5 0.3 -1.9 -0.3 4.2 0.3 

 III r4.1 7.3 r3.1 2.9 r0.8 -1.1 -1.3 -1.2 -1.1 -1.2 

 IV 2.2 6.4 4.1 r2.0 -1.0 -0.2 0.1 -0.1 7.6 0.8 

 ANNUAL 3.7 5.5 1.8 3.0 0.3 -0.6 -1.3 -0.8 9.6 0.4 

 1997 I 0.6 5.6 5.0 3.3 1.1 2.7 2.1 2.5 1.4 2.4 

 II r2.9 6.2 r3.2 r2.0 r1.0 -0.9 -1.1 -0.9 0.5 -0.8 

 III 4.9 8.0 3.0 3.4 r1.6 -1.4 -0.8 -1.3 15.4 0.8 

 IV r2.6 5.7 r3.0 r6.3 r4.2 3.6 -2.1 2.1 -12.9 0.0 

 ANNUAL 2.6 6.5 3.8 3.0 r0.9 0.4 -0.2 0.2 2.9 0.6 

 1998 I r2.0 4.2 r2.1 r9.0 r8.3 6.8 -0.2 5.0 -30.8 -0.3 

 II 3.9 5.6 1.6 4.9 r3.8 1.0 0.0 0.7 -8.5 -0.4 

 III 6.0 7.1 r1.1 r5.8 r3.8 -0.2 0.0 -0.1 9.6 1.0 

 IV r-0.4 4.6 r5.0 r1.8 0.1 2.2 5.8 3.1 -19.9 0.2 

 ANNUAL 3.2 5.7 2.4 5.7 r4.3 2.4 -0.2 1.7 -11.2 0.0 

 1999 I r7.5 8.9 1.3 r10.3 r8.6 2.6 -5.4 0.5 3.5 0.8 

 II 1.9 4.7 2.7 0.6 -2.2 -1.3 2.3 -0.4 0.7 -0.2 

 III r0.0 3.2 3.2 2.2 -0.8 2.2 5.1 2.9 -20.4 0.1 

 IV 4.6 7.2 2.5 r5.7 2.6 1.0 2.2 1.3 -8.6 0.2 

 ANNUAL 3.4 6.0 2.6 4.6 r2.5 1.2 0.9 1.1 -5.8 0.3 

 2000 I r7.1 9.5 r2.2 r15.2 r10.9 7.6 1.4 5.9 -25.5 2.3 

 II r2.2 2.3 r0.1 2.3 r-0.8 0.1 6.6 1.8 4.7 2.1 

 III 2.7 3.4 r0.7 7.7 3.8 4.9 5.0 4.9 -26.2 1.5 

 IV r0.7 -0.2 -0.9 4.5 1.6 3.7 6.7 4.5 -33.4 0.6 

 ANNUAL 3.6 5.2 r1.6 6.8 3.4 3.1 3.8 3.3 -15.8 1.2 
33 

 2001 I 1.4 -1.1 -2.4 3.4 r-0.4 1.9 10.5 4.1 -34.1 0.6 

 II r3.0 -2.2 r-5.0 r3.9 0.7 0.9 9.2 3.1 -2.5 2.7 

 III 0.6 -4.4 -5.0 r3.2 2.4 2.6 8.9 4.3 -31.8 1.3 

 IV r2.5 -3.0 r-5.4 4.2 4.8 1.6 5.9 2.8 -16.3 1.4 

 ANNUAL 1.7 -0.9 -2.5 4.1 r1.3 2.4 8.1 3.9 -24.3 1.3 

 2002 I 7.5 5.4 -2.0 1.7 0.2 -5.4 -7.0 -5.9 91.5 -1.3 

 II r4.7 4.2 r-0.5 r4.3 r1.0 -0.3 -3.1 -1.1 28.2 0.8 

 III 2.6 1.1 -1.4 2.0 -0.1 -0.6 0.3 -0.3 5.8 0.1 

 IV r1.8 0.7 r-1.1 r2.0 r0.0 0.3 0.0 0.2 29.9 2.3 

 ANNUAL 3.9 1.0 -2.8 3.0 1.4 -0.8 0.3 -0.5 16.0 0.6 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics 

Appendix table 6. —Continued. Nonfinancial corporations: 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) 

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

 Percent change from corresponding quarter of previous year 

 1994 I 2.3 5.5 3.1 2.4 0.3 0.1 1.4 0.4 15.5 1.8 

 II 1.8 5.9 r4.1 r1.7 r-0.2 -0.1 0.5 0.1 16.0 1.7 

 III 1.7 6.5 4.7 1.3 -0.9 -0.4 0.7 -0.1 19.4 1.8 

 IV r1.6 6.9 5.2 r1.5 -0.5 -0.1 1.0 0.2 11.3 1.4 

 ANNUAL 1.9 6.2 r4.3 r1.7 r-0.4 -0.1 0.9 0.1 15.4 1.7 

 1995 I 0.6 5.8 5.2 1.1 -1.3 0.5 -0.7 0.2 10.4 1.2 

 II 0.7 4.5 3.8 1.6 -1.0 1.0 1.8 1.2 0.7 1.1 

 III 1.6 4.9 3.3 2.1 -0.2 0.5 0.1 0.4 4.6 0.9 

 IV r1.6 3.7 2.2 r2.2 r-0.1 0.6 0.6 0.6 0.9 0.6 

 ANNUAL 1.1 4.7 3.6 1.7 -0.7 0.6 0.4 0.6 3.9 1.0 

 1996 I 3.2 4.5 1.2 2.4 -0.1 -0.8 -0.8 -0.8 11.8 0.6 

 II 3.8 5.5 r1.6 3.0 0.4 -0.7 -1.6 -1.0 13.2 0.6 

 III 3.9 5.7 1.7 r3.4 0.7 -0.5 -1.3 -0.7 6.0 0.1 

 IV 3.8 6.4 2.5 3.2 0.2 -0.5 -1.4 -0.8 7.8 0.3 

 ANNUAL 3.7 5.5 1.8 3.0 0.3 -0.6 -1.3 -0.8 9.6 0.4 

 1997 I 2.6 6.7 4.0 3.1 0.3 0.4 -0.3 0.2 3.0 0.6 

 II 2.4 6.4 3.9 r2.6 0.4 0.1 -0.1 0.1 2.0 0.3 

 III 2.6 6.6 3.8 2.7 0.6 0.0 0.0 0.0 6.1 0.8 

 IV 2.7 6.4 3.6 3.7 1.9 1.0 -0.5 0.6 0.6 0.6 

 ANNUAL 2.6 6.5 3.8 3.0 r0.9 0.4 -0.2 0.2 2.9 0.6 

 1998 I 3.1 6.0 r2.8 5.1 3.7 2.0 -1.1 1.2 -8.5 -0.1 

 II r3.4 5.9 2.4 5.9 4.4 2.4 -0.8 1.6 -10.7 0.0 

 III 3.6 5.7 2.0 6.5 5.0 2.8 -0.6 1.9 -11.8 0.1 

 IV 2.9 5.4 r2.5 r5.3 4.0 2.4 1.4 2.1 -13.7 0.1 

 ANNUAL 3.2 5.7 2.4 5.7 r4.3 2.4 -0.2 1.7 -11.2 0.0 

 1999 I 4.2 6.5 r2.2 5.6 4.0 1.4 0.0 1.0 -4.5 0.4 

 II 3.7 6.3 2.5 4.5 2.5 0.8 0.6 0.8 -2.2 0.4 

 III 2.2 5.3 3.1 3.6 1.3 1.4 1.9 1.5 -9.7 0.2 

 IV 3.5 6.0 2.4 4.6 1.9 1.1 1.0 1.1 -6.7 0.2 

 ANNUAL 3.4 6.0 2.6 4.6 r2.5 1.2 0.9 1.1 -5.8 0.3 

 2000 I 3.4 6.1 r2.7 5.8 2.5 2.3 2.8 2.4 -14.1 0.6 

 II 3.5 5.5 2.0 6.2 2.9 2.7 3.8 3.0 -13.2 1.1 

 III 4.1 5.6 1.4 7.6 4.0 3.3 3.8 3.5 -14.9 1.5 

 IV r3.1 3.7 0.5 7.3 3.8 4.0 4.9 4.3 -21.3 1.6 

 ANNUAL 3.6 5.2 r1.6 6.8 3.4 3.1 3.8 3.3 -15.8 1.2 
34 

 2001 I r1.8 1.1 -0.6 4.4 1.0 2.6 7.2 3.8 -23.7 1.2 

 II r2.0 0.0 -1.9 r4.9 1.4 2.8 7.8 4.1 -25.0 1.3 

 III 1.4 -2.0 -3.3 3.7 1.0 2.3 8.8 4.0 -26.5 1.3 

 IV 1.9 -2.7 -4.5 3.7 1.8 1.8 8.6 3.6 -22.2 1.5 

 ANNUAL 1.7 -0.9 -2.5 4.1 r1.3 2.4 8.1 3.9 -24.3 1.3 

 2002 I 3.4 -1.1 -4.4 3.2 2.0 -0.1 4.0 1.0 1.6 1.0 

 II 3.8 0.4 -3.2 3.3 2.1 -0.4 1.0 0.0 8.8 0.6 

 III 4.3 1.9 -2.3 3.0 1.5 -1.2 -1.1 -1.2 21.4 0.3 

 IV 4.1 2.8 -1.2 2.5 0.3 -1.5 -2.5 -1.8 35.5 0.5 

 ANNUAL 3.9 1.0 -2.8 3.0 1.4 -0.8 0.3 -0.5 16.0 0.6 

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

 See footnotes following Table 6. June 2, 2005 

 r=revised Source: Bureau of Labor Statistics