Internet address: http://www.bls.gov/lpc/ USDL 02-469 

Historical, technical TRANSMISSION OF THIS 

 information: (202) 691-5606 MATERIAL IS EMBARGOED 

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

Media contact: (202) 691-5902 FRIDAY, AUGUST 9, 2002. 

PRODUCTIVITY AND COSTS 

Second Quarter 2002 

 The Bureau of Labor Statistics of the U.S. Department of Labor reported preliminary 

productivity data—as measured by output per hour of all persons—for the second quarter of 

2002. The preliminary seasonally adjusted annual rates of productivity change in the second 

quarter were: 

 1.4 percent in the business sector and 

 1.1 percent in the nonfarm business sector. 

In the business sector, productivity grew as hours dropped 1.1 percent and output edged up 0.3 

percent. A similar pattern occurred in nonfarm businesses, where hours fell 0.7 percent as output 

grew 0.5 percent. 

 In manufacturing, the preliminary productivity changes in the second quarter were: 

 4.9 percent in manufacturing, 

 7.0 percent in durable goods manufacturing, and 

 2.9 percent in nondurable goods manufacturing. 

Manufacturing productivity grew 4.9 percent in the second quarter, compared with a 9.7-percent 

rise (as revised) in the first quarter. Output rose 4.1 percent in the second quarter of 2002 and 

hours of all persons fell 0.8 percent. Output and hours in manufacturing, which includes about 

16 percent of U.S. business-sector employment, tend to vary more from quarter to quarter than 

data for the more aggregate business and nonfarm business sectors. Second-quarter measures are 

summarized in table A and appear in detail in tables 1 through 5. 

The data in this release reflect the regular multi-year GDP revisions released by the Bureau of 

Economic Analysis of the U.S. Department of Commerce on July 31. They also reflect the 

annual benchmark revision to the BLS establishment survey data and revisions to hours series 

released by BLS on June 7. All employment and hours series incorporate new information on 

seasonal patterns. See Revised Measures, page 4. Appendix tables 1-6 show revised historical 

series. 
2 

Table A. Productivity and costs: Preliminary second-quarter 2002 measures 

(Seasonally adjusted annual rates) 

 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

 Percent change from preceding quarter 

Business 1.4 0.3 -1.1 3.9 0.5 2.4 

Nonfarm business 1.1 0.5 -0.7 3.6 0.2 2.4 

Manufacturing 4.9 4.1 -0.8 3.0 -0.4 -1.8 

 Durable 7.0 6.1 -0.8 2.8 -0.6 -3.9 

 Nondurable 2.9 1.9 -0.9 3.5 0.1 0.6 

 Percent change from same quarter a year ago 

Business 4.7 2.2 -2.5 2.5 1.2 -2.2 

Nonfarm business 4.7 2.1 -2.5 2.4 1.1 -2.2 

Manufacturing 5.3 -1.1 -6.1 3.4 2.1 -1.8 

 Durable 6.2 -1.7 -7.5 3.5 2.2 -2.5 

 Nondurable 3.9 -0.3 -4.0 3.5 2.2 -0.3 

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). 

Business 

 From the first quarter to the second quarter of 2002, business sector output per hour 

increased at a 1.4-percent annual rate. Output rose 0.3 percent and hours of all persons engaged 

in the sector fell 1.1 percent (seasonally adjusted annual rates). As revised, labor productivity 

grew 8.3 percent in the first quarter of 2002, when output increased 5.9 percent and hours 

decreased 2.2 percent (table 1). 

 Hourly compensation increased 3.9 percent in the second quarter and 3.8 percent in the 

first quarter of 2002 (seasonally adjusted annual rates). This measure includes wages and 

salaries; vacation and other paid leave; bonuses, stock options, and other supplements; employer 

contributions to employee benefit plans; and taxes. Real hourly compensation, which takes into 

account changes in consumer prices, rose at a 0.5-percent annual rate during the second quarter 

of 2002, after rising 2.3 percent during the previous quarter. 
3 

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

increased 2.4 percent during the second quarter of 2002. These costs had fallen 4.2 percent in the 

first quarter. The implicit price deflator for the business sector, which reflects changes in unit 

labor costs and unit nonlabor payments, increased 0.6 percent in the second quarter and 0.3 

percent in the first quarter of 2002. 

Nonfarm business 

 Productivity increased 1.1 percent in the nonfarm business sector during the second 

quarter of 2002, as output edged up 0.5 percent and hours of all persons declined 0.7 percent 

(seasonally adjusted annual rates). Output per hour grew at an 8.6 percent annual rate in the 

first quarter of 2002, as output increased 6.2 percent and hours decreased 2.2 percent (table 2). 

The first-quarter productivity gain was the largest in this sector since the second quarter of 1983, 

when output per hour increased 9.9 percent. 

 Hourly compensation in the nonfarm business sector increased 3.6 percent in both the 

first and second quarters of 2002. When the rise in consumer prices is taken into account, real 

hourly compensation for the second quarter of 2002 rose 0.2 percent. 

Unit labor costs increased 2.4 percent in the second quarter of 2002, after falling 4.6 

percent during the first quarter. The implicit price deflator for nonfarm business output grew 1.4 

percent in the second quarter and declined 0.2 percent in the first quarter of 2002. 

Manufacturing

 Productivity increased 4.9 percent in manufacturing, as output grew 4.1 percent and hours 

of all persons declined 0.8 percent (seasonally adjusted annual rates). In the previous quarter, 

productivity rose 9.7 percent, reflecting an increase of 3.0 percent in output and a drop of 6.1 

percent in hours. Growth in second-quarter productivity differed in the durable and nondurable 

goods sectors. In durable goods, productivity rose 7.0 percent as output rose 6.1 percent and 

hours of all persons fell 0.8 percent. The drop in hours reflected an employment decline of 1.8 

percent and a rise of 1.0 percent in average weekly hours at work. In nondurable goods, secondquarter productivity increased by 2.9 as output grew 1.9 percent and hours declined 0.9 percent 

(tables 3, 4, and 5). 

 Hourly compensation of all manufacturing workers increased 3.0 percent during the 

second quarter, reflecting growth of 2.8 percent in durable goods and 3.5 percent in nondurable 

goods. When the increase in consumer prices is taken into account, the real hourly compensation 

of all manufacturing workers declined 0.4 percent in the second quarter, after rising 5.4 percent 

in the first quarter. 

 Unit labor costs in manufacturing dropped 1.8 percent in the second quarter, marking the 

fourth consecutive decline in the series. Reflecting the differing growth rates in productivity and 

hourly compensation in the second quarter, unit labor costs grew dissimilarly in the two 

manufacturing sectors. Unit labor costs fell 3.9 percent in durable goods manufacturing and rose 
4 

0.6 percent in nondurable goods manufacturing. The change in unit labor costs is roughly equal 

to the change in hourly compensation less the change in productivity. 

Revised Measures 

 Current and previous measures for the first quarter of 2002 for the business, nonfarm 

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

business sectors, productivity, output, and hours movements were similar to those reported on 

May 31. Hourly compensation grew more, and unit labor costs fell less, than reported on May 

31, based on information then available. In manufacturing, productivity growth was slightly 

higher, primarily as a result of a downward revision to hours. Unit labor costs fell considerably 

less than originally reported, reflecting a sharp upward revision to hourly compensation. 

Table B. Previous and revised productivity and related measures 

Quarterly percent changes at seasonally adjusted annual rates 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

 First quarter 2002 

Business: 

 Previous........................ 8.3 6.2 -2.0 2.9 1.4 -5.0 

 Current ......................... 8.3 5.9 -2.2 3.8 2.3 -4.2 

Nonfarm business: 

 Previous........................ 8.4 6.1 -2.1 2.8 1.4 -5.2 

 Current ......................... 8.6 6.2 -2.2 3.6 2.2 -4.6 

Manufacturing: 

 Previous........................ 9.4 2.9 -5.9 2.4 1.0 -6.4 

 Current ......................... 9.7 3.0 -6.1 6.9 5.4 -2.6 

Current and previous changes in the annual measures for the business, nonfarm business, 

and manufacturing sectors are compared in table C. Output data for the business and nonfarm 

business sectors and the compensation series for all sectors incorporate the revisions of the 

national income and product accounts produced by the Bureau of Economic Analysis, U.S. 

Department of Commerce. Labor input measures have been revised to reflect the annual 

benchmarking of employment levels derived from the monthly Current Employment Statistics 

(CES) program that occurred on June 7. Updated seasonal adjustment factors also have been 

incorporated into the labor input measures beginning in 1997. Appendix tables 1-6 present 

quarterly and annual measures for all sectors for 1997-99. 

Revised measures of real output for the manufacturing, durable manufacturing, and 

nondurable manufacturing sectors are now available. These measures incorporate the results of 

the 2000 Annual Survey of Manufactures (ASM). Manufacturing output data for earlier years 

reflect a number of revisions to data from the ASM and other series, including industry price 
5 

indexes. In addition, methods used to estimate the intra-sector flows of output have been 

improved. Updated measures of multifactor productivity for manufacturing industries through 

2000 will be available later. 

In the business and nonfarm business sectors, productivity was revised down in both 2000 

and 2001. Both output and hours of all persons were revised downward, with the revisions in 

output being larger than those in hours. In 2000, upward revisions in compensation, combined 

with the lower productivity, resulted in higher unit labor costs in both sectors than before the 

revisions. In 2001, however, unit labor costs in the business and nonfarm business sectors were 

revised down, as the lower productivity rates were more than offset by sharp downward revisions 

to hourly compensation. 

In manufacturing, output and productivity were revised down in 1998, 2000, and 2001. 

As a result, unit labor costs were revised up in 1998 and 2000, but, in 2001, sharply lower 

estimates of hourly compensation more than offset the small downward revision to productivity 

and unit labor costs were lower than previously reported. Output and productivity were revised 

up for 1999, resulting in a downward revision in unit labor costs. 

The downward revisions to productivity in 2000 and 2001 lowered the 1990-2001 

average annual rate of growth in both the business and the nonfarm business sectors by 0.1 

percentage point. For the business sector, productivity increased 2.0 percent a year over the past 

decade—substantially faster than the 1.5-percent growth rate for the 1973-90 period. In nonfarm 

businesses, productivity grew 1.9 percent a year between 1990 and 2001, up from 1.3 percent 

between 1973 and 1990. In manufacturing, the rate of growth between 1990 and 2001 was 

reduced by 0.2 percentage point, to 3.5 percent per year, up from the 2.5 percent annual rate of 

growth in the 1973-90 period. 

Effective with the release of preliminary third-quarter 2002 data on Nov. 7, BLS will begin to 

issue revised measures for hourly compensation and unit labor costs for the previous two 

quarters. This revision practice will be followed whenever preliminary quarterly estimates are 

first announced. This change is in accordance with the announcement by the Bureau of 

Economic Analysis of their new revision schedule for wage and salary data. See "National 

Income and Product Accounts" (BEA 02-23), released July 31. 

 
6 

Table C. Previous and revised productivity and related measures 

Annual percent changes 

 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Annual average 2001 

Business: 

 Previous........................ 2.0 0.9 -1.0 6.0 3.1 3.9 

 Current ......................... 1.1 -0.2 -1.3 2.9 0.2 1.8 

Nonfarm business: 

 Previous........................ 1.9 0.9 -0.9 5.8 2.9 3.8 

 Current ......................... 1.1 -0.1 -1.2 2.7 -0.1 1.6 

Manufacturing: 

 Previous........................ 1.1 -4.2 -5.3 7.3 4.4 6.1 

 Current ......................... 0.9 -4.8 -5.6 1.5 -1.2 0.6 

Annual average 2000 

Business: 

 Previous........................ 3.4 4.6 1.1 6.4 3.0 2.9 

 Current ......................... 3.0 4.1 1.0 6.8 3.4 3.7 

Nonfarm business: 

 Previous........................ 3.3 4.5 1.1 6.5 3.1 3.1 

 Current ......................... 2.9 4.0 1.0 7.0 3.5 3.9 

Manufacturing: 

 Previous........................ 6.1 4.6 -1.4 7.0 3.6 0.9 

 Current ......................... 4.1 2.5 -1.5 7.4 3.9 3.2 

Annual average 1999 

Business: 

 Previous........................ 2.5 4.6 2.0 4.6 2.4 2.0 

 Current ......................... 2.6 4.7 2.0 4.6 2.4 1.9 

Nonfarm business: 

 Previous........................ 2.3 4.6 2.2 4.4 2.2 2.0 

 Current ......................... 2.4 4.6 2.2 4.4 2.2 2.0 

Manufacturing: 

 Previous........................ 4.5 3.7 -0.8 4.0 1.9 -0.5 

 Current ......................... 5.1 4.3 -0.8 4.0 1.8 -1.1 

Annual average 1998 

Manufacturing: 

 Previous........................ 5.4 5.1 -0.2 5.4 3.9 0.0 

 Current ......................... 4.9 4.7 -0.2 5.3 3.9 0.4 
7 

Revised measures: Nonfinancial Corporations 

 Productivity and cost measures for the first quarter for nonfinancial corporations also 

were revised to incorporate more recent information than was available on May 31. Productivity 

was revised down, reflecting the downward revision to output. Unit labor costs showed less of a 

decline than originally reported, reflecting the lower productivity growth and an upward revision 

to hourly compensation. Unit profits were revised down to show a slight decline; they had 

originally showed an increase (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 

 First quarter 2002 

Previous 6.7 5.4 -1.2 3.6 2.1 -2.9 15.5 -0.8 

Current 5.1 3.7 -1.3 4.1 2.6 -0.9 -0.6 -0.8 

Next release date

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

Sept. 5, 2002. Revised second-quarter measures for business, nonfarm business, and 

manufacturing will be released at that time, along with preliminary measures for nonfinancial 

corporations. 
8 

 

TECHNICAL NOTES

Labor Hours: Hours data for the labor productivity 

and cost measures include hours for all persons 

working in the sector—wage and salary workers, 

the self-employed, and unpaid family workers. The 

primary source of hours and employment data is the 

BLS Current Employment Statistics (CES) 

program, which provides monthly survey data on 

the number of jobs held by wage and salary 

workers in nonfarm establishments. The CES also 

provides average weekly paid hours of production 

and nonsupervisory workers in these 

establishments. The Office of Productivity and 

Technology estimates average weekly paid hours of 

nonproduction and supervisory workers. Weekly 

paid hours are adjusted to hours at work using the 

BLS Hours at Work survey, conducted for this 

purpose. 

 Data from the BLS Current Population 

Survey (CPS) are used for farm labor; in the 

nonfarm sector, the National Income and Product 

Accounts (NIPA) prepared by the Bureau of 

Economic Analysis (BEA) of the Department of 

Commerce and the CPS are used to measure labor 

input for government enterprises, proprietors, and 

unpaid family workers. 

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

gross domestic product (GDP) the following 

outputs: General government, nonprofit institutions, 

paid employees of private households, and the 

rental value of owner-occupied dwellings. 

Corresponding exclusions also are made in labor 

inputs. Business output accounted for about 77 

percent of the value of GDP in 1996. Nonfarm 

business, which also excludes farming, accounted 

for about 76 percent of GDP in 1996. 

 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 2-digit SIC 

industries: Primary metal industries; fabricated 

metal products; nonelectrical machinery; industrial 

and commercial machinery and computer 

equipment; electronic and other electrical 

equipment; transportation equipment; instruments; 

lumber and lumber products; furniture and fixtures; 

stone, clay, and glass and concrete products; and 

miscellaneous manufactures. Nondurables include: 

Food and kindred products, tobacco products, 

textile mill products, apparel products, paper and 

allied products, printing and publishing, chemicals 

and chemical products, petroleum refining and 

related industries, rubber and plastic products, and 

leather and leather products. 

 Nonfinancial corporate output is an annualweighted 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; employees of private households; the 

rental value of owner-occupied dwellings; 

unincorporated business; and those corporations 

which are depository institutions, nondepository 

institutions, security and commodity brokers, 

insurance carriers, regulated investment offices, 

small business investment offices, and real estate 

investment trusts. Nonfinancial corporations 

accounted for about 53 percent of the value of GDP 

in 1996. 

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: 202-691-5200; 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 

 2000 I 115.3 r138.4 r120.1 r131.4 r110.5 r114.0 r110.7 r112.8 

 II r117.2 r140.3 r119.7 r132.4 r110.5 r113.0 r114.1 r113.4 

 III r117.3 r140.4 r119.7 r135.0 r111.7 r115.1 r111.2 r113.7 

 IV r117.9 r140.7 r119.4 r136.3 r111.9 r115.6 112.0 r114.3 

 ANNUAL r116.9 r140.0 r119.7 r133.8 r111.2 r114.4 r112.0 r113.5 

 2001 I r117.5 r140.4 r119.5 r137.3 r111.8 r116.9 r112.3 115.2 

 II r117.4 r139.4 r118.7 r137.5 r111.0 r117.1 r113.6 r115.8 

 III r117.9 r139.1 r117.9 r137.8 r111.1 r116.8 r115.5 r116.4 

 IV r120.1 r140.3 r116.8 r138.3 r111.6 r115.1 r117.2 115.9 

 ANNUAL r118.2 r139.8 r118.2 r137.7 r111.4 r116.5 r114.7 115.8 

 2002 I r122.5 r142.3 r116.1 r139.6 r112.2 r113.9 r119.6 r116.0 

 II 123.0 142.4 115.8 140.9 112.3 114.6 118.9 116.2 

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

 Percent change from previous quarter at annual rate(5) 

 2000 I r0.3 2.2 r1.9 r14.7 r10.3 r14.4 r-15.1 r2.4 

 II r6.7 r5.4 r-1.2 r3.0 r0.0 r-3.5 r12.9 r2.2 

 III r0.4 r0.4 r0.0 r8.3 r4.6 r7.8 r-9.6 r1.1 

 IV r2.1 r0.9 r-1.2 r3.7 r0.7 r1.6 r2.6 r1.9 

 ANNUAL r3.0 r4.1 r1.0 r6.8 r3.4 r3.7 r-1.7 r1.7 

 2001 I r-1.5 r-1.0 r0.4 r3.1 r-0.6 r4.7 r1.1 r3.4 

 II r-0.2 r-2.8 r-2.6 r0.5 r-2.6 r0.7 r4.9 r2.2 

 III r1.8 r-0.9 r-2.6 r0.9 r0.2 r-0.9 r6.8 r1.8 

 IV r7.6 r3.5 r-3.9 r1.4 r1.7 r-5.8 r6.1 r-1.6 

 ANNUAL r1.1 r-0.2 r-1.3 r2.9 r0.2 r1.8 r2.4 r2.0 

 2002 I 8.3 r5.9 r-2.2 r3.8 r2.3 r-4.2 r8.3 r0.3 

 II 1.4 0.3 -1.1 3.9 0.5 2.4 -2.3 0.6 

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

 Percent change from corresponding quarter of previous year 

 2000 I 2.3 r4.6 2.3 r5.9 r2.5 r3.5 r-2.0 r1.4 

 II r4.1 r5.4 r1.3 r6.5 r3.1 r2.3 r0.8 r1.7 

 III r3.3 r4.1 r0.7 r7.7 r4.1 r4.3 r-2.5 r1.7 

 IV r2.4 r2.2 r-0.1 r7.3 r3.8 4.9 r-2.9 r1.9 

 ANNUAL r3.0 r4.1 r1.0 r6.8 r3.4 r3.7 r-1.7 r1.7 

 2001 I r1.9 r1.4 r-0.5 r4.5 r1.2 r2.6 r1.4 r2.2 

 II r0.2 r-0.7 r-0.9 r3.9 r0.5 r3.6 r-0.4 r2.1 

 III r0.5 r-1.0 r-1.5 r2.0 r-0.6 r1.5 r3.8 r2.3 

 IV r1.9 r-0.3 r-2.2 r1.5 r-0.3 r-0.4 r4.7 r1.4 

 ANNUAL r1.1 r-0.2 r-1.3 r2.9 r0.2 r1.8 r2.4 r2.0 

 2002 I r4.3 r1.4 -2.8 r1.6 r0.4 r-2.6 r6.5 r0.7 

 II 4.7 2.2 -2.5 2.5 1.2 -2.2 4.6 0.3 

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

 See footnotes following Table 6. August 9, 2002 

 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 

 2000 I r114.7 r138.7 120.9 r130.8 r110.0 r114.0 r112.3 r113.4 

 II r116.4 r140.5 r120.7 r131.5 r109.8 r113.0 r115.6 r113.9 

 III r116.6 r140.6 r120.6 r134.3 r111.1 r115.2 r112.8 r114.3 

 IV r117.1 r141.0 r120.4 r135.3 r111.2 r115.6 113.4 r114.8 

 ANNUAL r116.2 r140.2 r120.6 r133.0 r110.6 r114.4 r113.5 r114.1 

 2001 I r116.7 r140.7 r120.6 r136.3 r110.9 r116.8 r113.8 115.7 

 II r116.6 r139.7 r119.8 r136.3 r110.1 r116.9 r115.3 r116.3 

 III r117.2 r139.4 r118.9 r136.7 r110.2 r116.6 r117.2 r116.8 

 IV r119.3 r140.4 r117.7 r137.2 r110.7 r115.0 r119.2 116.5 

 ANNUAL r117.5 r140.1 r119.2 r136.6 r110.5 r116.3 r116.4 r116.3 

 2002 I r121.8 r142.5 r117.0 r138.4 r111.3 r113.6 r121.3 r116.4 

 II 122.1 142.7 116.8 139.6 111.3 114.3 121.2 116.8 

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

 Percent change from previous quarter at annual rate(5) 

 2000 I r0.2 r1.9 r1.7 r15.2 r10.7 r14.9 r-15.3 r2.7 

 II r6.0 r5.4 r-0.6 r2.2 r-0.7 r-3.6 r12.2 r1.9 

 III r0.6 r0.2 r-0.4 r8.7 r4.9 r8.0 r-9.1 r1.4 

 IV r1.7 r1.1 r-0.6 r3.1 r0.2 r1.4 r2.1 r1.6 

 ANNUAL r2.9 r4.0 r1.0 r7.0 r3.5 r3.9 r-1.7 r1.8 

 2001 I r-1.5 r-0.9 r0.5 r2.8 r-0.9 r4.3 r1.5 r3.3 

 II r-0.1 r-2.7 r-2.6 r0.1 r-2.9 r0.3 r5.1 r2.0 

 III r2.1 r-0.8 r-2.9 r1.0 r0.3 r-1.1 r6.8 1.7 

 IV r7.3 r2.9 r-4.1 r1.5 r1.8 r-5.4 r6.9 r-1.0 

 ANNUAL r1.1 r-0.1 r-1.2 r2.7 r-0.1 r1.6 r2.5 r1.9 

 2002 I r8.6 r6.2 r-2.2 r3.6 r2.2 r-4.6 r7.5 r-0.2 

 II 1.1 0.5 -0.7 3.6 0.2 2.4 -0.3 1.4 

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

 Percent change from corresponding quarter of previous year 

 2000 I r2.3 r4.5 r2.1 r6.2 r2.8 r3.7 r-1.8 r1.7 

 II r4.0 r5.4 r1.3 r6.6 r3.2 r2.5 r0.7 r1.8 

 III r3.3 r3.9 r0.6 r7.9 r4.3 r4.5 r-2.6 r1.8 

 IV r2.1 r2.2 r0.0 r7.2 r3.7 r4.9 r-3.1 r1.9 

 ANNUAL r2.9 r4.0 r1.0 r7.0 r3.5 r3.9 r-1.7 r1.8 

 2001 I r1.7 r1.4 r-0.3 r4.2 r0.9 r2.4 r1.4 r2.1 

 II r0.2 r-0.6 r-0.8 r3.6 r0.3 r3.5 r-0.3 r2.1 

 III r0.5 r-0.8 r-1.4 r1.8 r-0.8 r1.2 r3.9 r2.2 

 IV r1.9 r-0.4 r-2.3 r1.4 r-0.4 r-0.5 r5.1 r1.5 

 ANNUAL r1.1 r-0.1 r-1.2 r2.7 r-0.1 r1.6 r2.5 r1.9 

 2002 I r4.4 r1.3 -2.9 r1.6 r0.3 r-2.7 r6.6 r0.6 

 II 4.7 2.1 -2.5 2.4 1.1 -2.2 5.2 0.5 

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

 See footnotes following Table 6. August 9, 2002 

 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 

 2000 I r133.6 r138.3 103.5 r131.4 r110.5 r98.4 

 II r134.9 r139.8 r103.6 r129.3 r107.9 r95.9 

 III r135.4 r139.3 r102.9 r132.2 r109.4 r97.7 

 IV r135.9 r137.6 101.3 r131.5 r108.0 r96.7 

 ANNUAL r134.9 r138.7 r102.8 r131.1 r109.0 r97.2 

 2001 I r135.4 r135.1 r99.8 r132.0 r107.4 r97.5 

 II r135.4 r133.0 r98.2 r133.0 r107.4 r98.2 

 III r136.4 r131.3 r96.3 r133.3 r107.5 r97.8 

 IV r137.6 r129.2 r93.9 r134.3 r108.3 r97.6 

 ANNUAL r136.2 r132.1 r97.1 r133.1 r107.7 r97.8 

 2002 I r140.9 r130.2 r92.4 r136.5 r109.8 r96.9 

 II 142.6 131.5 92.2 137.5 109.7 96.5 

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

 Percent change from previous quarter at annual rate(5) 

 2000 I r4.5 r2.7 r-1.7 r25.3 r20.5 r19.9 

 II r3.8 r4.4 r0.5 r-6.3 r-9.0 r-9.7 

 III r1.6 r-1.3 -2.8 r9.5 r5.8 r7.8 

 IV r1.6 r-4.8 r-6.3 r-2.3 r-5.1 r-3.8 

 ANNUAL r4.1 r2.5 r-1.5 r7.4 r3.9 r3.2 

 2001 I r-1.5 -7.1 r-5.6 r1.6 r-2.1 r3.1 

 II r0.0 -6.2 r-6.2 r3.1 r-0.1 r3.1 

 III r2.9 -4.9 r-7.6 r1.0 r0.3 r-1.9 

 IV r3.8 -6.3 r-9.7 r2.9 r3.2 r-0.9 

 ANNUAL r0.9 r-4.8 r-5.6 r1.5 r-1.2 r0.6 

 2002 I r9.7 r3.0 r-6.1 r6.9 r5.4 r-2.6 

 II 4.9 4.1 -0.8 3.0 -0.4 -1.8 

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

 Percent change from corresponding quarter of previous year 

 2000 I r4.4 r3.6 -0.8 r8.9 r5.5 r4.3 

 II r4.7 r3.8 r-0.8 r6.9 r3.5 r2.1 

 III r4.3 r2.6 r-1.7 r7.9 r4.3 r3.4 

 IV r2.9 r0.2 r-2.6 r5.9 r2.4 r2.9 

 ANNUAL r4.1 r2.5 r-1.5 r7.4 r3.9 r3.2 

 2001 I r1.3 r-2.3 r-3.6 r0.5 r-2.7 r-0.9 

 II r0.4 r-4.9 r-5.2 r2.9 r-0.5 r2.5 

 III r0.7 r-5.7 r-6.4 r0.8 r-1.8 r0.1 

 IV r1.3 -6.1 r-7.3 r2.1 r0.3 r0.8 

 ANNUAL r0.9 r-4.8 r-5.6 r1.5 r-1.2 r0.6 

 2002 I 4.0 -3.7 -7.4 r3.4 r2.2 r-0.6 

 II 5.3 -1.1 -6.1 3.4 2.1 -1.8 

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

 See footnotes following Table 6. August 9, 2002 

 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 

 2000 I r148.6 r162.9 109.7 r130.8 r109.9 r88.0 

 II r150.0 r165.2 r110.2 r127.5 r106.4 r85.0 

 III r150.3 r164.6 r109.5 r130.6 r108.0 r86.9 

 IV r150.1 r162.0 r107.9 r128.4 r105.5 r85.5 

 ANNUAL r149.7 r163.7 r109.3 r129.3 r107.5 r86.4 

 2001 I r149.0 r157.9 r106.0 r129.4 r105.3 r86.8 

 II r149.1 r155.3 r104.1 r130.5 r105.4 r87.5 

 III r150.1 r152.2 r101.4 r130.2 r105.0 r86.7 

 IV r150.9 r148.6 r98.5 r131.8 r106.3 r87.3 

 ANNUAL r149.8 r153.5 r102.5 r130.4 r105.5 r87.1 

 2002 I r155.7 r150.3 r96.5 r134.2 r107.9 r86.2 

 II 158.3 152.6 96.4 135.1 107.7 85.3 

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

 Percent change from previous quarter at annual rate(5) 

 2000 I r7.6 r6.3 r-1.2 r29.7 r24.6 r20.5 

 II r3.9 r5.8 r1.8 r-9.6 r-12.1 r-13.0 

 III r0.8 r-1.6 r-2.3 r9.9 r6.1 r9.1 

 IV r-0.6 r-6.2 r-5.7 r-6.5 r-9.2 r-6.0 

 ANNUAL r4.4 r3.6 r-0.7 r7.7 r4.2 r3.2 

 2001 I r-3.0 -9.7 r-6.9 r3.1 r-0.6 r6.2 

 II r0.4 -6.5 r-6.9 r3.6 r0.4 r3.2 

 III r2.7 -7.6 r-10.0 r-1.0 r-1.7 r-3.6 

 IV r2.3 -9.2 r-11.2 r5.0 r5.4 r2.7 

 ANNUAL r0.0 r-6.2 r-6.2 r0.9 r-1.9 r0.8 

 2002 I r13.2 r4.7 -7.5 r7.5 r6.0 r-5.0 

 II 7.0 6.1 -0.8 2.8 -0.6 -3.9 

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

 Percent change from corresponding quarter of previous year 

 2000 I r5.2 r5.1 -0.1 r10.5 r7.0 r5.0 

 II r5.1 r5.3 r0.2 r7.4 r4.0 r2.2 

 III r4.3 r3.2 r-1.1 r8.1 r4.5 r3.6 

 IV r2.9 r1.0 r-1.9 r4.8 r1.4 r1.8 

 ANNUAL r4.4 r3.6 r-0.7 r7.7 r4.2 r3.2 

 2001 I r0.3 r-3.1 r-3.3 r-1.1 r-4.2 r-1.3 

 II r-0.6 r-6.0 r-5.5 r2.3 r-1.0 r3.0 

 III r-0.1 r-7.5 r-7.4 r-0.3 r-2.8 r-0.2 

 IV r0.6 -8.2 r-8.8 r2.6 r0.8 r2.1 

 ANNUAL r0.0 r-6.2 r-6.2 r0.9 r-1.9 r0.8 

 2002 I r4.5 -4.8 r-8.9 r3.7 r2.5 r-0.8 

 II 6.2 -1.7 -7.5 3.5 2.2 -2.5 

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

 See footnotes following Table 6. August 9, 2002 

 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 

 2000 I 120.6 r114.9 95.3 r130.6 r109.8 r108.3 

 II r121.8 r115.6 r95.0 r130.4 r108.9 r107.1 

 III 122.6 115.4 r94.1 r133.2 r110.2 r108.7 

 IV r123.9 r114.5 92.4 r135.0 r110.9 r108.9 

 ANNUAL 122.2 r115.1 94.2 r132.3 r110.0 r108.3 

 2001 I r123.9 r113.4 r91.6 r134.7 r109.7 r108.7 

 II r123.6 r111.7 r90.4 r135.5 r109.4 r109.6 

 III r124.4 r111.3 r89.5 r137.2 r110.6 r110.3 

 IV r125.9 r110.5 r87.8 r137.1 r110.6 r108.9 

 ANNUAL r124.4 r111.7 r89.8 r136.1 r110.1 r109.4 

 2002 I r127.5 r110.8 r86.9 r139.1 r111.8 r109.1 

 II 128.4 111.4 86.7 140.3 111.9 109.3 

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

 Percent change from previous quarter at annual rate(5) 

 2000 I r0.8 r-1.8 r-2.5 r17.8 r13.3 r17.0 

 II r3.8 r2.4 r-1.4 r-0.5 r-3.4 r-4.2 

 III r2.6 -0.9 r-3.5 r8.7 r4.9 r5.9 

 IV r4.6 r-3.0 r-7.2 r5.6 r2.5 r0.9 

 ANNUAL 3.8 1.1 -2.6 r6.7 r3.3 r2.9 

 2001 I r-0.1 -3.7 r-3.6 r-0.8 r-4.4 r-0.7 

 II r-0.9 -5.9 r-5.0 r2.3 r-0.8 r3.2 

 III r2.5 -1.5 r-3.8 r5.1 r4.4 r2.5 

 IV r4.9 -2.9 r-7.4 r-0.3 r0.0 r-5.0 

 ANNUAL r1.8 -2.9 r-4.7 r2.9 r0.1 r1.0 

 2002 I r5.3 r1.2 r-3.9 r6.1 r4.6 r0.8 

 II 2.9 1.9 -0.9 3.5 0.1 0.6 

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

 Percent change from corresponding quarter of previous year 

 2000 I r3.4 1.6 -1.8 r6.1 r2.8 r2.6 

 II 4.4 r1.8 r-2.5 5.8 r2.5 1.4 

 III 4.4 r1.7 -2.5 r7.4 r3.8 r2.9 

 IV r2.9 r-0.8 r-3.7 r7.7 r4.2 r4.6 

 ANNUAL 3.8 1.1 -2.6 r6.7 r3.3 r2.9 

 2001 I r2.7 -1.3 r-3.9 r3.1 r-0.1 r0.4 

 II r1.5 r-3.4 r-4.8 r3.9 r0.5 r2.3 

 III r1.5 -3.5 r-4.9 r3.0 r0.4 r1.5 

 IV r1.6 -3.5 r-5.0 r1.5 r-0.3 r0.0 

 ANNUAL r1.8 -2.9 r-4.7 r2.9 r0.1 r1.0 

 2002 I r2.9 -2.3 r-5.0 r3.2 r2.0 r0.3 

 II 3.9 -0.3 -4.0 3.5 2.2 -0.3 

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

 See footnotes following Table 6. August 9, 2002 

 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 

 2000 I r116.7 r146.0 125.1 r126.9 r106.7 r108.7 r105.4 r107.8 r120.5 108.9 

 II r116.8 r146.0 r125.0 r127.8 r106.6 r109.4 r107.7 r108.9 r120.4 r109.9 

 III r117.6 r146.9 r125.0 r130.4 r107.9 r110.9 r108.9 r110.4 r111.4 110.5 

 IV r117.3 r146.4 r124.8 r131.7 r108.2 r112.2 r111.0 r111.9 r100.4 110.9 

 ANNUAL r117.1 r146.3 r125.0 r129.2 r107.4 r110.3 r108.3 r109.8 r113.2 110.0 

 2001 I r116.6 r145.2 r124.6 r131.3 r106.9 r112.6 r113.7 r112.9 r94.9 111.4 

 II r117.3 r145.1 r123.7 r131.9 r106.5 r112.5 r115.6 r113.3 r97.2 112.0 

 III r118.2 r145.0 r122.7 r132.7 r107.0 r112.3 r117.6 r113.7 r99.7 r112.5 

 IV r121.3 r146.9 r121.2 r133.6 r107.8 r110.2 r116.2 r111.8 r109.6 r111.6 

 ANNUAL r118.3 r145.6 r123.0 r132.4 r107.0 r111.9 r115.8 r112.9 r100.3 r111.9 

 2002 I r122.8 r148.3 r120.8 r134.9 r108.5 r109.9 r116.0 r111.6 r109.4 r111.4 

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

 Percent change from previous quarter at annual rate(5) 

 2000 I r5.3 r7.6 r2.3 r14.2 r9.8 r8.5 r1.3 r6.5 r-17.6 r3.9 

 II r0.3 r-0.2 r-0.4 r2.8 r-0.1 r2.6 r8.9 r4.2 r-0.5 r3.8 

 III 2.6 r2.6 r0.0 r8.5 r4.7 r5.7 r4.5 r5.4 r-26.8 r2.0 

 IV r-0.7 r-1.3 r-0.5 r4.1 r1.1 r4.9 r7.8 r5.6 r-33.9 r1.7 

 ANNUAL r2.1 r3.7 r1.5 r6.7 r3.2 r4.4 r4.6 r4.5 r-14.1 2.5 

 2001 I r-2.6 r-3.2 r-0.7 r-1.2 r-4.8 r1.4 r10.1 r3.6 r-20.2 r1.6 

 II r2.3 r-0.4 r-2.7 r1.8 r-1.3 r-0.5 r7.1 r1.5 r10.0 r2.1 

 III r3.2 r-0.3 r-3.4 r2.5 r1.9 r-0.7 r7.2 r1.5 r10.7 r2.1 

 IV r10.8 r5.4 r-4.8 r2.7 r3.0 r-7.3 r-5.0 r-6.7 r46.0 r-3.3 

 ANNUAL r1.0 r-0.5 r-1.5 r2.5 r-0.3 r1.4 r6.9 r2.9 r-11.3 r1.7 

 2002 I r5.1 r3.7 r-1.3 r4.1 r2.6 r-0.9 r-0.6 r-0.8 r-0.6 -0.8 

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

 Percent change from corresponding quarter of previous year 

 2000 I r2.1 r4.8 r2.6 r5.6 r2.3 r3.4 r3.8 r3.5 r-12.1 r1.8 

 II r2.1 r4.0 r1.9 r6.2 r2.8 r4.0 r5.0 r4.3 r-11.2 r2.6 

 III r2.6 r3.8 r1.2 r7.6 r4.0 r4.9 r4.1 r4.7 r-12.9 2.9 

 IV r1.8 r2.1 r0.3 r7.3 r3.8 r5.4 r5.6 r5.4 r-20.6 r2.8 

 ANNUAL r2.1 r3.7 r1.5 r6.7 r3.2 r4.4 r4.6 r4.5 r-14.1 2.5 

 2001 I r-0.1 r-0.5 r-0.4 r3.5 r0.2 r3.6 r7.8 r4.7 r-21.3 r2.3 

 II r0.4 r-0.6 r-1.0 r3.2 r-0.1 r2.8 r7.3 r4.0 r-19.3 r1.9 

 III r0.5 r-1.3 r-1.8 r1.8 r-0.8 r1.2 r8.0 r3.1 r-10.5 r1.9 

 IV r3.3 r0.3 r-2.9 r1.4 r-0.4 r-1.8 r4.7 r-0.1 r9.1 r0.6 

 ANNUAL r1.0 r-0.5 r-1.5 r2.5 r-0.3 r1.4 r6.9 r2.9 r-11.3 r1.7 

 2002 I r5.3 r2.1 r-3.1 r2.8 r1.5 r-2.4 2.0 r-1.2 r15.3 r0.0 

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

 See footnotes following Table 6. August 9, 2002 

 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 –1.6 and +1.7 index points 

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

between the fourth quarter of 1995 and the first quarter of 2002.

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 1978-2001 is based on the Consumer Price Index research series 

(CPI-U-RS). 

 (3) Unit nonlabor payments include profits, capital consumption allowances, interest, rental 

income of persons, and indirect taxes. 

 (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 capital consumption allowances, interest, rental income of 

persons, and indirect taxes. For nonfinancial corporations, rental income of persons is 

zero by definition. 

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

 (8) Unit profits include corporate profits 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 

 1997 I 106.4 119.9 112.7 112.2 100.2 105.4 115.3 109.1 

 II 107.6 122.0 113.4 112.6 100.4 104.7 118.0 109.6 

 III 108.5 123.5 113.8 113.8 101.0 104.9 118.4 109.9 

 IV 108.6 124.4 114.6 115.5 102.0 106.4 116.7 110.2 

 ANNUAL 107.8 122.5 113.6 113.5 101.0 105.3 117.1 109.7 

 1998 I 110.0 126.7 115.2 117.6 103.6 106.9 116.1 110.3 

 II 110.0 127.3 115.7 119.1 104.7 108.3 114.0 110.4 

 III 110.6 128.7 116.3 120.5 105.5 108.9 113.7 110.7 

 IV 111.8 131.3 117.4 121.7 106.1 108.8 114.2 110.8 

 ANNUAL 110.6 128.5 116.2 119.7 105.0 108.2 114.5 110.6 

 1999 I 112.7 132.4 117.4 124.1 107.7 110.2 112.9 111.2 

 II 112.5 133.0 118.2 124.3 107.1 110.5 113.2 111.5 

 III 113.6 134.9 118.8 125.4 107.3 110.4 114.1 111.8 

 IV 115.2 137.7 119.5 127.0 107.8 110.2 115.3 112.1 

 ANNUAL 113.5 134.5 118.5 125.2 107.6 110.3 113.9 111.6 

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

 Percent change from previous quarter at annual rate(5) 

 1997 I 1.6 5.2 3.5 2.2 -0.1 0.5 6.0 2.6 

 II 4.4 7.1 2.6 1.6 0.7 -2.7 9.5 1.9 

 III 3.5 4.9 1.4 4.3 2.6 0.7 1.4 1.0 

 IV 0.5 3.2 2.7 6.3 4.0 5.8 -5.7 1.1 

 ANNUAL 2.3 5.2 2.9 3.1 0.9 0.8 3.4 1.8 

 1998 I 5.1 7.5 2.2 7.3 6.5 2.1 -2.0 0.5 

 II 0.1 1.9 1.9 5.4 4.2 5.3 -6.9 0.5 

 III 2.3 4.4 2.0 4.7 3.1 2.3 -1.2 0.9 

 IV 4.4 8.2 3.7 4.0 2.2 -0.4 2.0 0.5 

 ANNUAL 2.6 4.9 2.2 5.5 4.0 2.8 -2.2 0.8 

 1999 I 3.1 3.4 0.2 8.2 6.5 5.0 -4.5 1.3 

 II -0.6 2.1 2.7 0.5 -2.3 1.1 0.9 1.0 

 III 3.8 5.9 2.0 3.7 0.8 -0.1 3.3 1.2 

 IV 5.8 8.4 2.4 5.1 1.7 -0.7 4.3 1.1 

 ANNUAL 2.6 4.7 2.0 4.6 2.4 1.9 -0.5 1.0 

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

 Percent change from corresponding quarter of previous year 

 1997 I 1.9 5.2 3.2 3.3 0.6 1.4 2.7 1.9 

 II 1.8 5.0 3.1 2.6 0.5 0.7 3.8 1.9 

 III 2.8 5.7 2.8 2.8 0.8 0.0 4.5 1.8 

 IV 2.5 5.1 2.5 3.6 1.8 1.1 2.7 1.7 

 ANNUAL 2.3 5.2 2.9 3.1 0.9 0.8 3.4 1.8 

 1998 I 3.4 5.7 2.2 4.8 3.4 1.4 0.7 1.1 

 II 2.3 4.4 2.0 5.8 4.3 3.5 -3.3 0.8 

 III 2.0 4.2 2.2 5.9 4.5 3.9 -4.0 0.7 

 IV 3.0 5.5 2.4 5.3 4.0 2.3 -2.1 0.6 

 ANNUAL 2.6 4.9 2.2 5.5 4.0 2.8 -2.2 0.8 

 1999 I 2.5 4.5 1.9 5.6 4.0 3.0 -2.7 0.8 

 II 2.3 4.5 2.2 4.3 2.3 2.0 -0.8 0.9 

 III 2.6 4.9 2.2 4.1 1.7 1.4 0.4 1.0 

 IV 3.0 4.9 1.8 4.3 1.6 1.3 0.9 1.2 

 ANNUAL 2.6 4.7 2.0 4.6 2.4 1.9 -0.5 1.0 

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

 See footnotes following Table 6. August 9, 2002 

 Source: Bureau of Labor Statistics 
17 

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 

 1997 I 106.2 120.2 113.1 111.8 99.8 105.2 115.9 109.1 

 II 107.4 122.2 113.8 112.2 100.1 104.5 118.7 109.7 

 III 108.2 123.6 114.3 113.3 100.6 104.7 119.4 110.1 

 IV 108.3 124.7 115.1 115.0 101.5 106.1 117.8 110.4 

 ANNUAL 107.5 122.7 114.1 113.1 100.6 105.2 118.0 109.8 

 1998 I 109.6 127.0 115.9 116.9 103.0 106.7 117.3 110.5 

 II 109.8 127.7 116.3 118.6 104.2 108.0 115.2 110.6 

 III 110.3 129.0 117.0 119.9 105.0 108.7 114.8 111.0 

 IV 111.4 131.6 118.1 121.1 105.5 108.6 115.4 111.1 

 ANNUAL 110.3 128.8 116.8 119.1 104.5 108.0 115.7 110.8 

 1999 I 112.1 132.7 118.4 123.2 106.9 109.9 114.3 111.5 

 II 111.9 133.3 119.1 123.4 106.3 110.3 114.8 111.9 

 III 112.9 135.3 119.8 124.5 106.6 110.3 115.8 112.3 

 IV 114.7 138.0 120.4 126.3 107.2 110.1 117.0 112.6 

 ANNUAL 112.9 134.8 119.4 124.3 106.8 110.1 115.5 112.1 

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

 Percent change from previous quarter at annual rate(5) 

 1997 I 1.1 4.8 3.7 2.2 -0.1 1.1 6.3 3.1 

 II 4.5 7.1 2.5 1.7 0.9 -2.6 10.1 2.2 

 III 3.0 4.6 1.6 3.7 2.0 0.7 2.3 1.3 

 IV 0.5 3.4 2.9 6.1 3.8 5.6 -5.5 1.1 

 ANNUAL 2.0 5.1 3.1 3.0 0.8 0.9 3.9 2.1 

 1998 I 4.9 7.8 2.8 7.0 6.2 2.0 -1.7 0.6 

 II 0.6 2.1 1.4 5.8 4.6 5.1 -6.8 0.4 

 III 1.9 4.3 2.4 4.6 3.0 2.7 -1.3 1.2 

 IV 4.3 8.3 3.8 3.8 2.0 -0.4 2.0 0.5 

 ANNUAL 2.6 5.0 2.4 5.4 3.9 2.7 -1.9 0.9 

 1999 I 2.4 3.3 0.9 7.3 5.5 4.8 -3.9 1.4 

 II -0.8 1.9 2.6 0.6 -2.2 1.3 1.7 1.5 

 III 3.7 6.0 2.2 3.7 0.8 0.0 3.7 1.4 

 IV 6.3 8.3 1.9 5.8 2.5 -0.5 4.2 1.3 

 ANNUAL 2.4 4.6 2.2 4.4 2.2 2.0 -0.2 1.2 

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

 Percent change from corresponding quarter of previous year 

 1997 I 1.6 5.1 3.4 3.2 0.4 1.5 2.9 2.0 

 II 1.7 5.0 3.2 2.6 0.4 0.9 4.3 2.2 

 III 2.5 5.5 3.0 2.7 0.7 0.2 5.3 2.2 

 IV 2.2 5.0 2.7 3.4 1.6 1.1 3.1 1.9 

 ANNUAL 2.0 5.1 3.1 3.0 0.8 0.9 3.9 2.1 

 1998 I 3.2 5.7 2.4 4.6 3.2 1.4 1.2 1.3 

 II 2.2 4.5 2.2 5.6 4.1 3.3 -3.0 0.8 

 III 2.0 4.4 2.4 5.9 4.4 3.8 -3.8 0.8 

 IV 2.9 5.6 2.6 5.3 3.9 2.3 -2.0 0.7 

 ANNUAL 2.6 5.0 2.4 5.4 3.9 2.7 -1.9 0.9 

 1999 I 2.3 4.5 2.1 5.4 3.8 3.0 -2.5 0.9 

 II 1.9 4.4 2.4 4.0 2.1 2.1 -0.4 1.1 

 III 2.4 4.8 2.4 3.8 1.5 1.4 0.8 1.2 

 IV 2.9 4.8 1.9 4.3 1.6 1.4 1.4 1.4 

 ANNUAL 2.4 4.6 2.2 4.4 2.2 2.0 -0.2 1.2 

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

 See footnotes following Table 6. August 9, 2002 

 Source: Bureau of Labor Statistics 
18 

 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 

 1997 I 115.4 121.3 105.1 110.3 98.6 95.6 

 II 116.4 122.8 105.5 110.6 98.6 95.0 

 III 118.7 124.9 105.2 111.6 99.1 94.0 

 IV 119.8 127.0 106.0 113.3 100.0 94.6 

 ANNUAL 117.6 124.0 105.4 111.5 99.1 94.8 

 1998 I 121.3 128.3 105.8 115.5 101.8 95.2 

 II 122.3 129.0 105.5 117.0 102.8 95.7 

 III 124.3 130.0 104.5 118.2 103.5 95.1 

 IV 125.5 131.8 105.0 119.0 103.7 94.8 

 ANNUAL 123.3 129.8 105.2 117.4 103.0 95.2 

 1999 I 128.0 133.4 104.3 120.6 104.7 94.3 

 II 128.8 134.6 104.5 120.9 104.2 93.9 

 III 129.8 135.8 104.7 122.6 104.9 94.4 

 IV 132.1 137.3 103.9 124.2 105.4 94.0 

 ANNUAL 129.7 135.3 104.4 122.1 104.9 94.1 

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

 Percent change from previous quarter at annual rate(5) 

 1997 I 3.5 6.9 3.2 0.1 -2.2 -3.3 

 II 3.4 4.9 1.5 1.0 0.1 -2.4 

 III 8.3 7.1 -1.2 3.7 2.0 -4.2 

 IV 3.5 6.9 3.3 6.1 3.9 2.6 

 ANNUAL 4.2 6.0 1.7 1.9 -0.2 -2.2 

 1998 I 5.1 4.4 -0.7 7.9 7.1 2.7 

 II 3.5 2.1 -1.4 5.5 4.4 2.0 

 III 6.8 3.0 -3.5 3.9 2.4 -2.6 

 IV 3.9 5.7 1.8 2.8 1.0 -1.1 

 ANNUAL 4.9 4.7 -0.2 5.3 3.9 0.4 

 1999 I 8.0 5.1 -2.7 5.6 3.9 -2.2 

 II 2.7 3.6 0.9 1.0 -1.8 -1.7 

 III 3.1 3.6 0.5 5.6 2.6 2.5 

 IV 7.5 4.5 -2.8 5.4 2.0 -1.9 

 ANNUAL 5.1 4.3 -0.8 4.0 1.8 -1.1 

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

 Percent change from corresponding quarter of previous year 

 1997 I 3.7 6.2 2.4 1.8 -1.0 -1.8 

 II 3.9 5.6 1.7 1.4 -0.7 -2.4 

 III 4.6 5.8 1.1 1.8 -0.2 -2.7 

 IV 4.7 6.4 1.7 2.7 0.9 -1.9 

 ANNUAL 4.2 6.0 1.7 1.9 -0.2 -2.2 

 1998 I 5.1 5.8 0.7 4.7 3.2 -0.4 

 II 5.1 5.1 0.0 5.8 4.3 0.7 

 III 4.7 4.1 -0.6 5.9 4.4 1.1 

 IV 4.8 3.8 -1.0 5.0 3.7 0.2 

 ANNUAL 4.9 4.7 -0.2 5.3 3.9 0.4 

 1999 I 5.5 4.0 -1.5 4.5 2.9 -1.0 

 II 5.3 4.4 -0.9 3.3 1.4 -1.9 

 III 4.4 4.5 0.1 3.7 1.4 -0.6 

 IV 5.3 4.2 -1.0 4.4 1.7 -0.9 

 ANNUAL 5.1 4.3 -0.8 4.0 1.8 -1.1 

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

 See footnotes following Table 6. August 9, 2002 

 Source: Bureau of Labor Statistics 
19 

 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 

 1997 I 121.1 132.6 109.5 107.7 96.2 89.0 

 II 122.7 135.2 110.2 108.0 96.3 88.0 

 III 125.5 138.2 110.1 109.0 96.8 86.9 

 IV 127.6 141.9 111.1 110.9 97.9 86.9 

 ANNUAL 124.2 137.0 110.2 108.9 96.9 87.7 

 1998 I 129.8 144.6 111.4 113.0 99.6 87.1 

 II 131.1 145.6 111.1 114.4 100.5 87.3 

 III 134.5 148.2 110.2 115.4 101.0 85.8 

 IV 137.3 152.3 111.0 116.5 101.5 84.9 

 ANNUAL 133.2 147.7 110.9 114.8 100.7 86.2 

 1999 I 141.2 155.0 109.7 118.4 102.7 83.8 

 II 142.8 156.9 109.9 118.7 102.4 83.2 

 III 144.1 159.5 110.7 120.8 103.4 83.8 

 IV 145.9 160.4 110.0 122.6 104.1 84.0 

 ANNUAL 143.5 158.0 110.1 120.1 103.2 83.7 

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

 Percent change from previous quarter at annual rate(5) 

 1997 I 3.0 9.1 6.0 -0.9 -3.2 -3.8 

 II 5.6 8.0 2.3 1.0 0.1 -4.4 

 III 9.2 9.2 0.0 3.9 2.2 -4.9 

 IV 7.1 11.1 3.7 7.0 4.7 -0.1 

 ANNUAL 5.1 8.2 2.9 1.4 -0.7 -3.5 

 1998 I 6.9 8.0 1.0 7.8 6.9 0.9 

 II 4.3 2.9 -1.3 5.2 4.1 0.9 

 III 10.7 7.2 -3.2 3.5 1.9 -6.5 

 IV 8.5 11.6 2.9 3.9 2.0 -4.3 

 ANNUAL 7.2 7.8 0.6 5.4 4.0 -1.6 

 1999 I 11.9 7.1 -4.3 6.5 4.8 -4.8 

 II 4.6 5.1 0.5 1.3 -1.5 -3.2 

 III 3.6 6.9 3.1 7.1 4.1 3.4 

 IV 5.1 2.3 -2.7 6.0 2.6 0.8 

 ANNUAL 7.7 6.9 -0.7 4.6 2.5 -2.9 

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

 Percent change from corresponding quarter of previous year 

 1997 I 4.2 8.1 3.8 0.8 -1.9 -3.2 

 II 4.6 7.4 2.6 0.8 -1.3 -3.6 

 III 5.4 7.8 2.3 1.3 -0.7 -3.9 

 IV 6.2 9.4 3.0 2.7 0.9 -3.3 

 ANNUAL 5.1 8.2 2.9 1.4 -0.7 -3.5 

 1998 I 7.2 9.1 1.7 4.9 3.4 -2.2 

 II 6.9 7.7 0.8 6.0 4.5 -0.8 

 III 7.2 7.2 0.0 5.9 4.4 -1.3 

 IV 7.6 7.4 -0.2 5.1 3.7 -2.3 

 ANNUAL 7.2 7.8 0.6 5.4 4.0 -1.6 

 1999 I 8.8 7.2 -1.5 4.8 3.2 -3.7 

 II 8.9 7.7 -1.1 3.8 1.8 -4.7 

 III 7.1 7.6 0.5 4.7 2.3 -2.3 

 IV 6.3 5.3 -0.9 5.2 2.5 -1.0 

 ANNUAL 7.7 6.9 -0.7 4.6 2.5 -2.9 

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

 See footnotes following Table 6. August 9, 2002 

 Source: Bureau of Labor Statistics 
20 

 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 

 1997 I 111.6 110.6 99.1 113.7 101.6 101.9 

 II 112.0 111.1 99.2 114.0 101.6 101.7 

 III 114.2 112.5 98.5 114.9 102.0 100.6 

 IV 114.0 113.1 99.2 116.2 102.6 101.9 

 ANNUAL 112.9 111.8 99.0 114.7 102.0 101.5 

 1998 I 115.0 113.2 98.4 118.4 104.4 103.0 

 II 115.7 113.5 98.0 120.2 105.6 103.8 

 III 116.3 112.9 97.0 121.5 106.4 104.5 

 IV 115.9 112.5 97.1 121.8 106.1 105.1 

 ANNUAL 115.7 113.0 97.6 120.5 105.7 104.1 

 1999 I 116.6 113.2 97.0 123.1 106.8 105.5 

 II 116.6 113.6 97.4 123.3 106.3 105.7 

 III 117.4 113.4 96.6 124.0 106.2 105.6 

 IV 120.4 115.5 95.9 125.4 106.4 104.1 

 ANNUAL 117.8 113.9 96.7 123.9 106.5 105.2 

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

 Percent change from previous quarter at annual rate(5) 

 1997 I 5.6 4.9 -0.7 1.3 -1.0 -4.1 

 II 1.5 1.8 0.3 0.9 0.0 -0.6 

 III 8.0 4.9 -2.8 3.3 1.6 -4.3 

 IV -0.5 2.2 2.7 4.6 2.4 5.1 

 ANNUAL 3.9 4.0 0.0 2.5 0.4 -1.3 

 1998 I 3.4 0.2 -3.2 7.8 7.0 4.2 

 II 2.5 1.1 -1.4 6.0 4.8 3.4 

 III 2.1 -1.9 -4.0 4.7 3.1 2.5 

 IV -1.6 -1.5 0.1 0.8 -1.0 2.5 

 ANNUAL 2.5 1.0 -1.4 5.0 3.6 2.5 

 1999 I 2.6 2.4 -0.2 4.4 2.7 1.7 

 II 0.1 1.6 1.5 0.6 -2.1 0.5 

 III 2.8 -0.6 -3.3 2.6 -0.3 -0.2 

 IV 10.5 7.3 -2.8 4.3 1.0 -5.5 

 ANNUAL 1.8 0.8 -0.9 2.9 0.8 1.1 

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

 Percent change from corresponding quarter of previous year 

 1997 I 3.9 4.4 0.5 3.0 0.3 -0.8 

 II 3.7 4.1 0.3 2.2 0.1 -1.4 

 III 4.5 3.9 -0.6 2.4 0.4 -2.0 

 IV 3.6 3.5 -0.1 2.5 0.8 -1.0 

 ANNUAL 3.9 4.0 0.0 2.5 0.4 -1.3 

 1998 I 3.1 2.3 -0.8 4.1 2.7 1.0 

 II 3.3 2.1 -1.2 5.4 3.9 2.0 

 III 1.9 0.4 -1.5 5.8 4.3 3.8 

 IV 1.6 -0.5 -2.1 4.8 3.4 3.1 

 ANNUAL 2.5 1.0 -1.4 5.0 3.6 2.5 

 1999 I 1.4 0.0 -1.4 3.9 2.4 2.5 

 II 0.8 0.1 -0.7 2.6 0.6 1.8 

 III 0.9 0.5 -0.5 2.1 -0.2 1.1 

 IV 3.9 2.6 -1.2 2.9 0.3 -0.9 

 ANNUAL 1.8 0.8 -0.9 2.9 0.8 1.1 

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

 See footnotes following Table 6. August 9, 2002 

 Source: Bureau of Labor Statistics 
21 

 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 

 1997 I 107.6 123.8 115.1 109.6 97.9 101.9 100.6 101.6 154.8 106.1 

 II 107.7 125.7 116.7 109.5 97.7 101.7 101.5 101.7 155.4 106.2 

 III 108.9 128.2 117.7 110.3 97.9 101.3 101.0 101.2 160.5 106.2 

 IV 109.6 130.2 118.8 111.8 98.7 102.1 100.6 101.7 156.8 106.3 

 ANNUAL 108.4 127.0 117.1 110.3 98.1 101.8 100.9 101.5 156.9 106.2 

 1998 I 109.9 131.2 119.4 113.8 100.3 103.6 101.7 103.1 143.8 106.5 

 II 111.2 133.1 119.7 115.4 101.4 103.8 101.9 103.3 140.4 106.4 

 III 112.7 135.6 120.3 116.7 102.2 103.6 101.8 103.1 144.9 106.7 

 IV 113.2 137.3 121.3 117.8 102.7 104.1 103.3 103.9 137.7 106.7 

 ANNUAL 111.7 134.3 120.2 116.0 101.7 103.8 102.2 103.3 141.7 106.6 

 1999 I 114.3 139.3 121.9 120.2 104.3 105.1 101.6 104.2 137.1 106.9 

 II 114.5 140.4 122.7 120.4 103.8 105.2 102.6 104.5 135.5 107.1 

 III 114.6 141.6 123.5 121.2 103.7 105.7 104.6 105.4 127.8 107.3 

 IV 115.2 143.4 124.4 122.7 104.2 106.5 105.1 106.1 126.5 107.8 

 ANNUAL 114.7 141.2 123.1 121.1 104.1 105.6 103.5 105.1 131.7 107.3 

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

 Percent change from previous quarter at annual rate(5) 

 1997 I -3.2 3.0 6.4 -0.5 -2.8 2.7 1.9 2.5 0.6 2.3 

 II 0.4 6.0 5.6 -0.2 -1.0 -0.6 3.5 0.5 1.7 0.6 

 III 4.6 8.4 3.6 2.9 1.2 -1.7 -2.1 -1.8 13.7 0.0 

 IV 2.4 6.3 3.8 5.6 3.3 3.1 -1.5 1.8 -8.9 0.4 

 ANNUAL 0.9 5.9 5.0 1.3 -0.9 0.4 0.3 0.4 3.1 0.7 

 1998 I 1.2 3.2 2.0 7.4 6.5 6.1 4.5 5.7 -29.2 0.7 

 II 5.0 5.9 0.9 5.7 4.5 0.7 0.8 0.7 -9.2 -0.4 

 III 5.4 7.8 2.2 4.7 3.1 -0.7 -0.5 -0.6 13.5 0.9 

 IV 1.7 4.9 3.1 3.7 1.8 1.9 5.9 3.0 -18.4 0.3 

 ANNUAL 3.0 5.8 2.6 5.1 3.6 2.0 1.2 1.8 -9.7 0.3 

 1999 I 4.1 6.2 2.0 8.3 6.5 3.9 -6.3 1.1 -1.8 0.8 

 II 0.4 3.1 2.7 0.7 -2.1 0.2 4.1 1.2 -4.7 0.6 

 III 0.6 3.3 2.7 2.8 -0.1 2.1 7.9 3.7 -20.8 0.8 

 IV 2.2 5.2 3.0 5.2 1.9 3.0 1.9 2.7 -4.0 2.0 

 ANNUAL 2.6 5.1 2.4 4.4 2.3 1.8 1.3 1.7 -7.1 0.7 

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

 Percent change from corresponding quarter of previous year 

 1997 I 1.1 5.9 4.7 1.7 -1.0 0.6 -0.6 0.3 2.8 0.6 

 II 0.3 5.5 5.2 0.6 -1.4 0.3 0.8 0.5 2.4 0.7 

 III 1.0 6.2 5.2 0.8 -1.2 -0.2 0.6 0.0 5.6 0.7 

 IV 1.0 5.9 4.8 1.9 0.1 0.8 0.4 0.7 1.4 0.8 

 ANNUAL 0.9 5.9 5.0 1.3 -0.9 0.4 0.3 0.4 3.1 0.7 

 1998 I 2.2 6.0 3.7 3.9 2.5 1.7 1.1 1.5 -7.1 0.4 

 II 3.3 5.9 2.6 5.4 3.9 2.0 0.4 1.6 -9.7 0.2 

 III 3.5 5.8 2.2 5.8 4.4 2.3 0.8 1.9 -9.7 0.4 

 IV 3.3 5.4 2.1 5.3 4.0 2.0 2.7 2.2 -12.1 0.4 

 ANNUAL 3.0 5.8 2.6 5.1 3.6 2.0 1.2 1.8 -9.7 0.3 

 1999 I 4.0 6.2 2.1 5.6 4.0 1.5 -0.1 1.0 -4.7 0.4 

 II 2.9 5.5 2.5 4.3 2.3 1.3 0.7 1.2 -3.5 0.6 

 III 1.7 4.4 2.6 3.8 1.5 2.1 2.8 2.2 -11.8 0.6 

 IV 1.8 4.5 2.6 4.2 1.5 2.3 1.8 2.2 -8.1 1.0 

 ANNUAL 2.6 5.1 2.4 4.4 2.3 1.8 1.3 1.7 -7.1 0.7 

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

 See footnotes following Table 6. August 9, 2002 

 Source: Bureau of Labor Statistics