USDL 04-1518
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TUESDAY, AUG. 10, 2004.

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                           PRODUCTIVITY AND COSTS
                             Second Quarter 2004
                                      
                                      
     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 2004.  The preliminary seasonally adjusted annual
rates of productivity change in the second quarter were:

               1.9 percent in the business sector and
               2.9 percent in the nonfarm business sector.

Productivity growth in the business sector reflected increases of 3.5 percent
in output and 1.5 percent in hours.  Output per hour increased more in the
nonfarm business sector because output grew more, 3.8 percent, and hours
rose less, 0.8 percent, than in the business sector.

     In manufacturing, the preliminary productivity changes in the second
quarter were:

               7.5 percent in manufacturing,
               5.7 percent in durable goods manufacturing, and
              10.7 percent in nondurable goods manufacturing.

Manufacturing productivity grew 7.5 percent in the second quarter as output
increased 6.6 percent and hours declined 0.9 percent (seasonally adjusted
annual rates).  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.
Second-quarter measures are summarized in table A and appear in detail in
tables 1 through 5.

-----------------------------------------------------------------------------
Data in this release reflect the regular multi-year GDP revisions released by
the  Bureau of Economic Analysis of the U.S. Department of Commerce  on  July
30.   They also incorporate new estimates of average weekly hours at work for
nonproduction and supervisory workers, along with new information on seasonal
patterns for farm workers, nonfarm proprietors and unpaid family workers, and
employees of government enterprises.  See Revised Measures.
-----------------------------------------------------------------------------


-----------------------------------------------------------------------------
Table A. Productivity and costs: Preliminary second-quarter 2004 measures
(Seasonally adjusted annual rates)
-----------------------------------------------------------------------------                                                           
                                                        Real       
                                              Hourly    hourly     Unit
                   Produc-                    compen-   compen-    labor
Sector             tivity    Output   Hours   sation    sation     costs
-----------------------------------------------------------------------------                   
                      Percent change from preceding quarter
                      
Business            1.9       3.5      1.5     4.2      -0.5        2.2
Nonfarm business    2.9       3.8      0.8     4.9       0.1        1.9
Manufacturing       7.5       6.6     -0.9     5.2       0.5       -2.2
  Durable           5.7       6.4      0.7     4.7      -0.1       -1.0
  Nondurable       10.7       6.9     -3.5     5.9       1.1       -4.4
-----------------------------------------------------------------------------  
                      Percent change from same quarter a year ago
                      
Business            4.1       5.5      1.3     4.6       1.7        0.5
Nonfarm business    4.7       5.9      1.1     4.8       1.9        0.2
Manufacturing       6.0       5.8     -0.2     5.9       3.0        0.0
  Durable           7.4       8.5      1.1     5.4       2.5       -1.9
  Nondurable        4.9       2.7     -2.1     6.7       3.7        1.7
-----------------------------------------------------------------------------                                                                   
     
     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.

Business

     From the first quarter to the second quarter of 2004, business sector
output per hour increased at a 1.9-percent annual rate.  Output increased 3.5
percent and hours of all persons engaged in the sector increased 1.5 percent
(seasonally adjusted annual rates).  As revised, labor productivity grew 3.9
percent in the first quarter of 2004, as output and hours increased 5.3
percent and 1.3 percent, respectively (table 1).

     Hourly compensation increased 4.2 percent in the second quarter, less
than the 4.8 percent gain in the first quarter of 2004 (seasonally adjusted
annual rates).  This measure of compensation includes wages and salaries,
supplements, employer contributions to employee benefit plans, and taxes.
Real hourly compensation, which takes into account changes in consumer
prices, declined 0.5 percent during the second quarter of 2004, after rising
1.1 percent during the first quarter.

     Unit labor costs, which reflect changes in both hourly compensation and
productivity, increased 2.2 percent during the second quarter of 2004 after
rising 0.8 percent in the previous quarter.  The implicit price deflator for
the business sector, which reflects changes in both unit labor costs and unit
nonlabor payments, increased 3.2 percent in the second quarter and 2.1
percent in the first quarter of 2004.

Nonfarm Business

     Productivity increased 2.9 percent in the nonfarm business sector during
the second quarter of 2004, as output increased 3.8 percent and hours of all
persons rose 0.8 percent (seasonally adjusted annual rates).  Output per hour
grew at a 3.7 percent annual rate in the first quarter of 2004, as output
increased 5.7 percent and hours increased 2.0 percent (table 2).

     Hourly compensation in the nonfarm business sector increased 4.9 percent
in the second quarter of 2004, up from the 4.0-percent rise one quarter
earlier.  When the rise in consumer prices is taken into account, real hourly
compensation rose 0.1 percent in the second quarter of 2004 and 0.3 percent
in the first quarter.

     Unit labor costs increased 1.9 percent in the second quarter of 2004,
after rising 0.3 percent during the first quarter.  The implicit price
deflator for nonfarm business output grew 2.8 percent in the second quarter,
following a 2.0-percent increase in the previous quarter.

Manufacturing

     Productivity increased 7.5 percent in manufacturing, as output grew 6.6
percent and hours of all persons declined 0.9 percent (seasonally adjusted
annual rates).  In the previous quarter, productivity rose 2.8 percent,
reflecting increases in output and hours of 6.2 and 3.3 percent,
respectively.  In durable goods, productivity rose 5.7 percent in the second
quarter as output grew 6.4 percent and hours of all persons rose 0.7 percent.
In nondurable goods, second-quarter productivity increased by 10.7 percent,
output increased 6.9 percent, and hours fell 3.5 percent (tables 3, 4, and
5).  The productivity gain in nondurable goods industries was the largest
since the fourth quarter of 1999, when output per hour increased 12.6
percent.

     Hourly compensation of all manufacturing workers rose 5.2 percent during
the second quarter, reflecting growth of 4.7 percent in durable goods
industries and 5.9 percent in the  nondurable manufacturing sector.  When the
increase in consumer prices is taken into account, the real hourly
compensation of all manufacturing workers increased by 0.5 percent in the
second quarter, after rising 1.2 percent one quarter earlier.

     Unit labor costs in manufacturing fell 2.2 percent in the second quarter
of 2004, reflecting declines of 1.0 percent in durable goods industries and
4.4 percent in nondurable goods industries.

Revised Measures

     Current and previous measures for the first quarter of 2004 for the
business, nonfarm business, and manufacturing sectors are compared in table
B.  In each of these sectors, productivity was revised downward from the
preliminary numbers reported on June 3, as both output and hours were revised
up--hours more than output.  Hourly compensation and unit labor costs grew
less in all three sectors than reported on June 3, based on information then
available.

     Table B also shows comparisons of current and previous measures for the
fourth quarter of 2003.  In that quarter, productivity in the business and
nonfarm business sectors was revised up, reflecting upward revisions to
output and downward revisions to hours worked.  Hourly compensation for the
fourth quarter of 2003 was revised up in both sectors.  Because the upward
revisions to productivity were larger than those to hourly compensation, unit
labor costs in both sectors were revised down.  In the manufacturing sector,
productivity in the fourth quarter was revised down, reflecting an upward
revision in hours.  Hourly compensation was also revised down, but unit labor
costs show a larger increase than reported earlier as the downward revision
to hourly compensation was less than that to productivity.

-----------------------------------------------------------------------------
Table B. Previous and revised productivity and related measures
Quarterly percent changes at seasonally adjusted annual rates
-----------------------------------------------------------------------------                                                          
                                                       Real       
                                             Hourly    hourly     Unit
                   Produc-                   compen-   compen-    labor
Sector             tivity    Output   Hours  sation    sation     costs
-----------------------------------------------------------------------------                                                                  
                             First quarter 2004
                             
Business:                                                         
  Previous           4.6      5.2      0.5     5.9      2.2        1.2
  Current            3.9      5.3      1.3     4.8      1.1        0.8
Nonfarm business:                                                 
  Previous           3.8      5.4      1.5     4.6      0.9        0.8
  Current            3.7      5.7      2.0     4.0      0.3        0.3
Manufacturing:                                                    
  Previous           2.9      5.8      2.8     6.2      2.5        3.1
  Current            2.8      6.2      3.3     4.8      1.2        2.0
  
                             Fourth quarter 2003
Business:                                                         
  Previous           1.8      3.9      2.0     3.8      3.0        1.9
  Current            2.4      4.2      1.7     4.0      3.3        1.6
Nonfarm business:                                                 
  Previous           2.5      4.2      1.6     4.2      3.4        1.7
  Current            3.1      4.6      1.4     4.4      3.6        1.2
Manufacturing:                                                    
  Previous           4.8      6.2      1.4     6.8      6.0        2.0
  Current            3.3      6.2      2.9     5.7      4.9        2.3
-----------------------------------------------------------------------------     
     
     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.  These revisions affected data beginning with the
first quarter of 2001.  Table C presents previous and revised measures for
major sectors for the years 2001 to 2003.  The largest revisions were to
hourly compensation and, therefore, to real hourly compensation and unit
labor costs for the years 2002 and 2003.

-----------------------------------------------------------------------------
Table C. Previous and revised productivity and related measures
Annual percent changes
-----------------------------------------------------------------------------                                                                 
                                                       Real      
                                             Hourly    hourly    Unit
                   Produc-                   compen-   compen-   labor
Sector             tivity   Output   Hours   sation    sation    costs
-----------------------------------------------------------------------------                                                                 
                            Annual average 2003
Business:                                                        
  Previous         4.5       3.7     -0.8      3.6      1.3      -0.8
  Current          4.5       3.8     -0.7      4.1      1.8      -0.4
Nonfarm business:                                                
  Previous         4.4       3.7     -0.7      3.5      1.2      -0.9
  Current          4.4       3.8     -0.6      4.1      1.7      -0.4
Manufacturing:                                                   
  Previous         5.1       0.1     -4.8      5.9      3.5       0.7
  Current          5.1       0.1     -4.8      8.5      6.1       3.2
  
                            Annual average 2002
Business:                                                        
  Previous         4.9       2.3     -2.5      2.2      0.6      -2.5
  Current          4.3       1.8     -2.4      3.2      1.5      -1.1
Nonfarm business:                                                
  Previous         5.0       2.3     -2.6      2.3      0.7      -2.5
  Current          4.4       1.8     -2.5      3.3      1.6      -1.1
Manufacturing:                                                   
  Previous         7.2      -0.6     -7.3      4.0      2.4      -3.0
  Current          7.0      -0.6     -7.1      6.7      5.0      -0.3
  
                            Annual average 2001
Business:                                                        
  Previous         2.2       0.1     -2.1      4.1      1.3       1.8
  Current          2.5       0.3     -2.1      4.2      1.3       1.6
Nonfarm business:                                                
  Previous         2.1       0.1     -2.0      3.9      1.1       1.7
  Current          2.5       0.4     -2.0      4.0      1.1       1.5
Manufacturing:                                                   
  Previous         2.2      -4.6     -6.6      2.4     -0.4       0.2
  Current          2.1      -4.6     -6.5      2.3     -0.4       0.2
-----------------------------------------------------------------------------     
     
     Measures of hours for all of the major sectors have been revised to
incorporate new estimates of average weekly hours at work for supervisory and
nonproduction workers.  Ratios of the average weekly hours at work for these
employees relative to those of nonsupervisory and production workers were
developed from data in the Current Population Survey.  These ratios were
applied to average weekly hours at work for nonsupervisory and production
workers developed from data in the Current Employment Statistics and
Employment Cost Index programs.

     An article discussing these new measures and the effects of this change
was published in the April 2004 issue of the Monthly Labor Review.  A link to
a technical note describing the methodology will be posted later this summer
on the BLS labor productivity home page (www.bls.gov/lpc/).  Copies of the
technical note also will be available by calling 202-691-5604, sending an
email to dprweb@bls.gov, or writing to the Bureau of Labor Statistics,
Division of Major Sector Productivity, Room 2150, Washington DC 20212.

     New information on seasonal patterns is reflected in measures of
employment and hours  of farm workers, the nonfarm self-employed, and nonfarm
unpaid family workers and in hours of employees in government enterprises,
beginning in 1999.  Concurrent seasonal adjustment will now be used when
measuring employment and hours of these workers.  Late in 2004 or early in
2005, BLS also intends to improve the way it uses these series in the
productivity program, adjusting them to account for the effects of multiple
jobholding.  Further information on this change will be announced later this
year.

     Appendix tables 1-6 present quarterly and annual data for all sectors
for 1999-2001.

Revised Measures: Nonfinancial Corporations

     Productivity and cost measures for the first quarter of 2004 for
nonfinancial corporations also were revised to incorporate more recent
information than was available in the June 3 release (table D).  Productivity
growth was revised down, reflecting both a downward revision to output and a
larger increase in employee hours.  The 2.7 increase in hours was the largest
since the third quarter of 1999, when hours increased 3.1 percent.  Hourly
compensation growth was revised down one percentage point, like productivity,
so the increase in unit labor costs was unchanged.  Unit profits were revised
up significantly.

     Productivity and cost measures for the fourth quarter of 2003 also were
revised to incorporate more recent information on output, hours, and employee
compensation.  Fourth quarter 2003 productivity was revised up, reflecting an
upward revision to output.  The  revision to productivity was larger than the
upward revision in hourly compensation, resulting in a larger decline in unit
labor costs than originally reported.

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Table D.  Nonfinancial corporations: Previous and revised productivity and
cost measures

Quarterly percent changes at seasonally adjusted annual rates
-----------------------------------------------------------------------------                                                                  
                                             Real                    
                                    Hourly   hourly  Unit            Implicit
            Produc-                 compen-  compen- labor  Unit     price
            tivity   Output  Hours  sation   sation  costs  profits  deflator
-----------------------------------------------------------------------------                                                                     
                            First quarter 2004
                            
Previous     2.3      4.5     2.1    5.1      1.4     2.7    -0.9     1.9
Current      1.3      4.1     2.7    4.1      0.5     2.7    15.5     2.1

                            Fourth quarter 2003
                            
Previous     4.3      6.0     1.6    3.9      3.1    -0.4    11.6     1.1
Current      5.0      6.7     1.6    4.2      3.4    -0.8    16.1     0.4
-----------------------------------------------------------------------------

                                      
                                      
                              Next release date
                                      
     The next release of Productivity and Costs is scheduled for 8:30 a.m.
EDT, Thursday, Sept. 2, 2004.  Revised second-quarter measures for business,
nonfarm business, and manufacturing will be released at that time, along with
preliminary measures for nonfinancial corporations.








                                      
                               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  em-
ployment  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 2004.  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 enter
prises 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 annual-weighted index constructed  after
excluding  from  gross domestic product (GDP) the following outputs:  general
government, nonprofit institutions, and private households (including  owner-
occupied  housing). Corresponding exclusions also are made in  labor  inputs.
Business  output accounted for about 78 percent of the value of GDP in  2000.
Nonfarm business, which also excludes farming, accounted for about 77 percent
of GDP in 2000.
   Annual  indexes  for  manufacturing and its durable and  nondurable  goods
components  are  constructed by deflating current-dollar  industry  value  of
production  data from the U.S. Bureau of the Census with deflators  from  the
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  manufac-
turing;  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 manufac-
turing;  textile mills; textile product mills; apparel manufacturing; leather
and  allied product manufacturing; paper manufacturing; printing and  related
support activities; petroleum and coal products manufacturing; chemical  manu-
facturing; 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.
  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

  2002       I    r122.7     r142.2    r115.9    r143.2      r115.2     r116.7      r113.4     r115.5
            II    r123.2     r142.9    r116.0    r144.4      r115.2     r117.2      r113.6     r115.9
           III     124.7     r144.3    r115.7    r145.0      r115.0     r116.3      r115.7     r116.1
            IV    r125.0     r144.7    r115.7    r145.5      r114.8     r116.3      r116.8      116.5

        ANNUAL    r123.9     r143.5    r115.8    r144.5      r115.0     r116.6      r114.9     r116.0

  2003       I    r126.2     r145.5    r115.3    r147.4      r115.3     r116.8      r117.7     r117.1
            II     128.6     r147.5    r114.7    r149.6      r116.8     r116.4      r119.0     r117.3
           III    r131.2     r150.8    r114.9    r151.7      r117.7     r115.6      r120.8     r117.5
            IV    r132.0     r152.3    r115.4    r153.2      r118.7     r116.0      r120.7     r117.8

        ANNUAL    r129.5     r149.0     115.1    r150.5      r117.1     r116.2      r119.6      117.4

  2004       I    r133.3     r154.3    r115.8    r155.0      r119.0     r116.3      r121.9     r118.4
            II     133.9      155.6     116.2     156.6       118.8      116.9       123.4      119.3
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2002       I      r5.9       r3.5     r-2.3      r4.9        r3.5      r-1.0        r1.0      r-0.3
            II      r1.7       r2.1      r0.4      r3.4       r-0.1       r1.7        r1.0       r1.4
           III      r4.8       r3.8     r-1.0      r1.6       r-0.7      r-3.1        r7.3       r0.7
            IV      r1.2       r1.2      r0.0      r1.3       r-0.6       r0.0        r3.8       r1.4

        ANNUAL      r4.3       r1.8     r-2.4      r3.2        r1.5      r-1.1        r4.5       r0.9

  2003       I      r3.9       r2.2     r-1.6      r5.5        r1.7       r1.6        r3.1       r2.1
            II      r7.6       r5.6     r-1.9      r6.1        r5.4      r-1.4        r4.5       r0.8
           III      r8.5       r9.3      r0.7      r5.6        r3.1      r-2.6        r6.3       r0.7
            IV      r2.4       r4.2      r1.7      r4.0        r3.3       r1.6       r-0.4       r0.8

        ANNUAL       4.5       r3.8     r-0.7      r4.1        r1.8      r-0.4        r4.1       r1.3

  2004       I      r3.9       r5.3      r1.3      r4.8        r1.1       r0.8        r4.2       r2.1
            II       1.9        3.5       1.5       4.2        -0.5        2.2         4.8        3.2
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2002       I      r4.9       r0.8      -3.9      r3.2        r1.9      r-1.6        r6.6       r1.2
            II      r4.0       r1.1     r-2.8      r3.4        r2.1      r-0.6        r3.5       r0.9
           III      r4.9       r2.8     r-2.0      r3.3        r1.6      r-1.6        r4.9       r0.8
            IV      r3.4       r2.7     r-0.7      r2.8        r0.5      r-0.6        r3.2        0.8

        ANNUAL      r4.3       r1.8     r-2.4      r3.2        r1.5      r-1.1        r4.5       r0.9

  2003       I      r2.9        2.3      -0.6      r2.9        r0.1       r0.0        r3.8        1.4
            II       4.4       r3.2     r-1.1      r3.6        r1.4      r-0.7        r4.7       r1.3
           III       5.3       r4.5     r-0.7      r4.6        r2.4      r-0.6        r4.4       r1.3
            IV      r5.6       r5.3     r-0.3      r5.3        r3.3      r-0.3        r3.4       r1.1

        ANNUAL       4.5       r3.8     r-0.7      r4.1        r1.8      r-0.4        r4.1       r1.3

  2004       I       5.6       r6.1      r0.5      r5.1        r3.2      r-0.4        r3.6       r1.1
            II       4.1        5.5       1.3       4.6         1.7        0.5         3.7        1.7
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 10, 2004
  r=revised                                                              Source: Bureau of Labor Statistics



  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

  2002       I    r122.4     r142.6    r116.5    r142.6      r114.7     r116.4      r115.1     r116.0
            II     122.8     r143.2    r116.7    r143.8      r114.7     r117.1      r115.4     r116.5
           III    r124.1     r144.5    r116.4    r144.3      r114.4     r116.2      r117.7     r116.8
            IV    r124.6     r145.0     116.4    r144.7      r114.3     r116.1      r118.9     r117.2

        ANNUAL    r123.5     r143.9    r116.5    r143.8      r114.5     r116.5      r116.8     r116.6

  2003       I    r125.8     r145.9    r116.0    r146.6      r114.7     r116.6      r119.6     r117.7
            II    r127.8     r147.8    r115.6    r148.7      r116.1     r116.3      r120.4     r117.8
           III    r130.6     r151.1     115.7    r150.9      r117.1     r115.5      r122.3     r118.0
            IV    r131.7     r152.8    r116.1    r152.5      r118.2     r115.9      r121.9     r118.1

        ANNUAL    r129.0     r149.4    r115.8    r149.7      r116.5     r116.1      r121.1      117.9

  2004       I     132.8     r155.0    r116.7    r154.0      r118.3     r116.0      r123.3     r118.7
            II     133.8      156.4     116.9     155.9       118.3      116.5       124.7      119.5
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2002       I      r6.9       r4.0     r-2.7      r5.5        r4.1      r-1.4        r1.6      r-0.3
            II      r1.1       r1.7      r0.6      r3.4       r-0.1       r2.3        r1.0       r1.8
           III       4.5       r3.6     r-0.9      r1.5       r-0.8      r-2.9        r8.0        1.0
            IV      r1.6       r1.4     r-0.2      r1.2       r-0.6      r-0.3        r4.2       r1.3

        ANNUAL      r4.4       r1.8     r-2.5      r3.3        r1.6      r-1.1        r4.7       r1.0

  2003       I      r3.7        2.4     r-1.3      r5.4        r1.5       r1.6        r2.4       r1.9
            II      r6.7       r5.3     r-1.4      r5.7        r5.0      r-1.0        r2.9       r0.5
           III      r9.0       r9.3      r0.3      r6.1        r3.6      r-2.7        r6.3       r0.6
            IV      r3.1       r4.6      r1.4      r4.4        r3.6       r1.2       r-1.2       r0.3

        ANNUAL       4.4       r3.8     r-0.6      r4.1        r1.7      r-0.4        r3.7       r1.1

  2004       I      r3.7       r5.7      r2.0      r4.0        r0.3       r0.3        r4.8       r2.0
            II       2.9        3.8       0.8       4.9         0.1        1.9         4.4        2.8
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2002       I      r5.1       r0.9      -4.0      r3.2        r2.0      r-1.8        r6.7       r1.2
            II      r4.0       r1.0     r-2.9      r3.5        r2.2      r-0.5        r3.4       r0.9
           III      r4.8       r2.6      -2.1      r3.4        r1.7      r-1.3        r5.2       r1.0
            IV      r3.5       r2.7     r-0.8      r2.9        r0.6      r-0.6        r3.7        1.0

        ANNUAL      r4.4       r1.8     r-2.5      r3.3        r1.6      r-1.1        r4.7       r1.0

  2003       I       2.7       r2.3      -0.5      r2.9        r0.0       r0.1        r3.9        1.5
            II       4.1       r3.2     r-0.9      r3.4        r1.2      r-0.7        r4.4        1.2
           III      r5.2       r4.6     r-0.6      r4.6        r2.4      r-0.6        r3.9       r1.1
            IV      r5.6       r5.4      -0.2      r5.4        r3.4      r-0.2        r2.5       r0.8

        ANNUAL       4.4       r3.8     r-0.6      r4.1        r1.7      r-0.4        r3.7       r1.1

  2004       I      r5.6       r6.2      r0.6      r5.0        r3.1      r-0.5        r3.1       r0.8
            II       4.7        5.9       1.1       4.8         1.9        0.2         3.5        1.4
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 10, 2004
  r=revised                                                              Source: Bureau of Labor Statistics



  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

  2002       I           r143.8        130.5        r90.7       r144.1         r115.9        r100.2
            II           r145.7        131.8        r90.4       r147.0         r117.2        r100.8
           III           r147.8        132.4        r89.5       r148.6         r117.8        r100.5
            IV           r148.8        131.3        r88.2       r149.9         r118.3        r100.7

        ANNUAL           r146.5        131.5        r89.7       r147.3         r117.3        r100.6

  2003       I           r151.0        131.3        r87.0       r155.7         r121.8        r103.1
            II           r152.1        130.1        r85.6       r158.5         r123.8        r104.2
           III           r155.9        131.5        r84.3       r161.6         r125.4        r103.6
            IV           r157.2        133.5        r84.9       r163.9         r127.0        r104.2

        ANNUAL           r154.0        131.6        r85.5       r159.9         r124.5        r103.8

  2004       I           r158.3       r135.5        r85.6       r165.8         r127.3        r104.8
            II            161.2        137.7         85.4        167.9          127.5         104.2
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2002       I            r10.0          2.5        r-6.9        r14.2          r12.7          r3.8
            II             r5.4          4.0        r-1.3         r8.2           r4.5          r2.6
           III             r5.9          1.7        r-4.0         r4.5           r2.2         r-1.3
            IV             r2.7         -3.1        r-5.7         r3.5           r1.5          r0.7

        ANNUAL             r7.0         -0.6        r-7.1         r6.7           r5.0         r-0.3

  2003       I             r6.0          0.1        r-5.6        r16.6          r12.4         r10.0
            II             r2.8         -3.6        r-6.2         r7.3           r6.6          r4.4
           III            r10.5          4.3        r-5.7         r8.1           r5.5         r-2.2
            IV             r3.3          6.2         r2.9         r5.7           r4.9          r2.3

        ANNUAL              5.1          0.1         -4.8         r8.5           r6.1          r3.2

  2004       I             r2.8         r6.2         r3.3         r4.8           r1.2          r2.0
            II              7.5          6.6         -0.9          5.2            0.5          -2.2
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2002       I             r6.6         -3.4        r-9.4         r4.1           r2.8         r-2.4
            II             r7.3         -1.1        r-7.9         r7.0           r5.6         r-0.3
           III             r8.0          0.9         -6.6         r8.2           r6.5          r0.2
            IV             r6.0          1.2        r-4.5         r7.5           r5.1          r1.4

        ANNUAL             r7.0         -0.6        r-7.1         r6.7           r5.0         r-0.3

  2003       I             r5.0          0.6        r-4.2         r8.1           r5.1          r2.9
            II             r4.4         -1.3         -5.4         r7.9           r5.6          r3.3
           III             r5.5         -0.6        r-5.8         r8.8           r6.4          r3.1
            IV             r5.6          1.7        r-3.7         r9.4           r7.3          r3.5

        ANNUAL              5.1          0.1         -4.8         r8.5           r6.1          r3.2

  2004       I             r4.8         r3.2        r-1.5         r6.5           r4.5          r1.6
            II              6.0          5.8         -0.2          5.9            3.0           0.0
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 10, 2004 
  r=revised                                                       Source: Bureau of Labor Statistics


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

  2002       I           r161.3        152.6        r94.6       r142.1         r114.4         r88.1
            II           r163.9        154.7        r94.4       r145.2         r115.8         r88.6
           III           r167.1        155.9        r93.3       r146.5         r116.2         r87.7
            IV           r170.5        156.1        r91.6       r147.7         r116.6         r86.6

        ANNUAL           r165.6        154.8        r93.5       r145.3         r115.7         r87.7

  2003       I           r173.7        156.6        r90.2       r154.9         r121.2         r89.2
            II           r175.0        155.1        r88.6       r157.9         r123.3         r90.2
           III           r181.5        158.3         87.2       r161.2         r125.1         r88.8
            IV           r183.2        161.9        r88.3       r163.3         r126.5         r89.1

        ANNUAL           r178.3        158.0        r88.6       r159.3         r124.0         r89.3

  2004       I           r185.3       r165.7        r89.4       r164.5         r126.3         r88.8
            II            187.9        168.3         89.6        166.4          126.3          88.6
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2002       I            r11.4          2.8        r-7.7         r8.2           r6.8         r-2.9
            II             r6.4          5.5        r-0.8         r8.8           r5.1          r2.2
           III             r8.1          3.3        r-4.5         r3.7           r1.3          -4.1
            IV             r8.4          0.4        r-7.3         r3.3           r1.4         r-4.7

        ANNUAL             r8.3         -0.7        r-8.3         r5.5           r3.9         r-2.5

  2003       I             r7.7          1.4        r-5.9        r21.1          r16.7         r12.5
            II             r3.0         -3.9        r-6.7         r7.9           r7.2          r4.7
           III            r15.8          8.4        r-6.3         r8.6           r6.1         r-6.1
            IV             r3.9          9.4         r5.2         r5.3           r4.5          r1.3

        ANNUAL             r7.6          2.0        r-5.2         r9.6           r7.1          r1.8

  2004       I             r4.6         r9.9         r5.0         r3.1          r-0.5         r-1.5
            II              5.7          6.4          0.7          4.7           -0.1          -1.0
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2002       I              6.9         -4.9       r-11.1         r3.1           r1.9         r-3.6
            II             r8.2         -1.8        r-9.2         r6.0           r4.7         r-2.0
           III             r9.3          1.2        r-7.3         r7.0           r5.3         r-2.0
            IV             r8.6          3.0        r-5.1         r5.9           r3.6         r-2.4

        ANNUAL             r8.3         -0.7        r-8.3         r5.5           r3.9         r-2.5

  2003       I             r7.6          2.6        r-4.7         r9.0           r5.9          r1.2
            II              6.8          0.3         -6.1         r8.8           r6.5          r1.9
           III             r8.6          1.5        r-6.6        r10.1           r7.7          r1.3
            IV             r7.5          3.7        r-3.5        r10.6           r8.5          r2.9

        ANNUAL             r7.6          2.0        r-5.2         r9.6           r7.1          r1.8

  2004       I             r6.7         r5.8        r-0.9         r6.2           r4.3         r-0.5
            II              7.4          8.5          1.1          5.4            2.5          -1.9
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 10, 2004 
  r=revised                                                       Source: Bureau of Labor Statistics


  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

  2002       I           r126.2        107.2        r85.0       r146.3         r117.7        r116.0
            II           r127.5        107.8        r84.5       r148.8         r118.7        r116.7
           III           r128.5        107.7        r83.9       r151.1         r119.8        r117.6
            IV           r127.0        105.7        r83.2       r152.6         r120.5        r120.2

        ANNUAL           r127.3        107.1        r84.1       r149.7         r119.2        r117.6

  2003       I           r128.2        105.3        r82.1       r155.8         r121.9        r121.6
            II           r129.0        104.4        r81.0       r158.3         r123.6        r122.7
           III           r130.4        104.3        r80.0       r161.1         r125.0        r123.5
            IV           r131.5        105.0        r79.8       r163.4         r126.6        r124.2

        ANNUAL           r129.7        104.8        r80.7       r159.6         r124.2        r123.0

  2004       I           r131.9       r105.5        r80.0       r166.4         r127.8        r126.2
            II            135.3        107.2         79.2        168.8          128.1         124.8
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2002       I             r7.9          2.0        r-5.5        r27.1          r25.4         r17.7
            II             r4.3          2.2        r-2.0         r6.9           r3.3          r2.5
           III             r3.0         -0.2        r-3.1         r6.3           r3.9          r3.2
            IV            r-4.5         -7.3        r-2.9         r4.1           r2.2          r9.0

        ANNUAL             r4.8         -0.6        r-5.2         r9.3           r7.6          r4.3

  2003       I             r3.9         -1.5        r-5.2         r8.7           r4.8          r4.6
            II             r2.4         -3.2        r-5.5         r6.4           r5.7          r3.9
           III             r4.4         -0.4        r-4.6         r7.2           r4.7          r2.7
            IV             r3.6          2.6        r-0.9         r5.8           r5.0          r2.2

        ANNUAL              1.9         -2.2         -4.0         r6.6           r4.2          r4.6

  2004       I             r1.2         r1.8         r0.6         r7.8           r4.0          r6.5
            II             10.7          6.9         -3.5          5.9            1.1          -4.4
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2002       I             r5.2         -1.7        r-6.5         r6.4           r5.1          r1.2
            II             r5.4         -0.4        r-5.5         r9.3           r7.9          r3.7
           III             r6.1          0.5        r-5.3        r10.8           r9.0          r4.5
            IV             r2.6         -0.9        r-3.4        r10.7           r8.3          r8.0

        ANNUAL             r4.8         -0.6        r-5.2         r9.3           r7.6          r4.3

  2003       I             r1.6         -1.8        r-3.3         r6.5           r3.5          r4.8
            II             r1.1         -3.1        r-4.2         r6.4           r4.1          r5.2
           III             r1.5         -3.1        r-4.6         r6.6           r4.3          r5.0
            IV             r3.6         -0.7        r-4.1         r7.0           r5.1          r3.3

        ANNUAL              1.9         -2.2         -4.0         r6.6           r4.2          r4.6

  2004       I             r2.9         r0.2         -2.6         r6.8           r4.9          r3.8
            II              4.9          2.7         -2.1          6.7            3.7           1.7
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 10, 2004 
  r=revised                                                       Source: Bureau of Labor Statistics


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

  2002       I   r126.3   r149.7    r118.5   r139.9    r112.6    r110.8   r114.0   r111.6    r89.1   r109.6
            II   r127.9   r151.4    r118.4   r141.3    r112.7    r110.5   r112.9   r111.2    r94.7   r109.7
           III   r129.2   r152.3    r117.9   r142.1    r112.7    r110.0   r112.7   r110.7    r95.7    109.4
            IV   r130.2   r153.1     117.6   r142.9    r112.8    r109.7   r112.3   r110.4   r101.8    109.6

        ANNUAL   r128.4   r151.6    r118.1   r141.5    r112.7    r110.2   r113.0   r111.0    r95.4    109.6

  2003       I   r131.3   r153.4    r116.8   r144.1    r112.7    r109.8   r113.2   r110.7    r99.2   r109.7
            II   r134.1   r156.1    r116.4   r146.3    r114.2    r109.1   r111.4   r109.7   r111.0   r109.8
           III   r137.2   r159.4    r116.2   r148.5    r115.3    r108.2   r111.1   r109.0   r118.7    109.9
            IV   r138.9   r162.0     116.7   r150.0    r116.2    r108.0   r110.5   r108.7   r123.2   r110.0

        ANNUAL   r135.4   r157.7    r116.5   r147.3    r114.6    r108.8   r111.5   r109.5   r113.2    109.8

  2004       I   r139.3   r163.7    r117.5   r151.5    r116.4    r108.8   r109.2   r108.9   r127.7   r110.6
  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  2002       I     r7.9     r5.7     r-2.0     r1.7      r0.4     r-5.8    r-7.3    r-6.2    r90.8    r-1.6
            II     r4.9     r4.8     r-0.1     r4.0      r0.4     r-0.9    r-3.7    r-1.7    r27.4     r0.2
           III     r4.1     r2.3     r-1.7     r2.3      r0.0     r-1.7    r-0.9    r-1.5     r4.5    r-1.0
            IV     r3.4     r2.1     r-1.2     r2.2      r0.3     r-1.1    r-1.4    r-1.2    r28.1     r0.9

        ANNUAL     r4.4     r1.5     r-2.8     r3.1      r1.4     r-1.3    r-0.2    r-1.0    r15.4      0.1

  2003       I     r3.2     r0.6     r-2.5     r3.6     r-0.2      r0.4     r3.0     r1.1   r-10.0     r0.1
            II     r9.1     r7.4     r-1.5     r6.2      r5.5     r-2.6    r-6.2    r-3.6    r56.4     r0.5
           III     r9.4     r8.8     r-0.6     r6.2      r3.6     r-3.0    r-1.0    r-2.5    r30.8     r0.2
            IV     r5.0     r6.7       1.6     r4.2      r3.4     r-0.8    r-2.1    r-1.2    r16.1     r0.4

        ANNUAL     r5.4     r4.0     r-1.3     r4.0      r1.7     r-1.3    r-1.3    r-1.3    r18.7      0.2

  2004       I     r1.3     r4.1      r2.7     r4.1      r0.5       2.7    r-4.6     r0.7    r15.5     r2.1
  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  2002       I     r3.4    r-1.1      -4.3     r3.2      r2.0     r-0.2     r4.0     r0.9     r1.5     r1.0
            II     r4.2     r0.8     r-3.2     r3.4      r2.1     r-0.8     r0.6    r-0.4     r8.4     r0.2
           III     r5.0     r2.5     r-2.4     r3.1      r1.4     r-1.8    r-1.7    r-1.8    r20.6    r-0.4
            IV      5.1     r3.7     r-1.3     r2.5      r0.3     r-2.4    r-3.3    r-2.7    r34.3    r-0.4

        ANNUAL     r4.4     r1.5     r-2.8     r3.1      r1.4     r-1.3    r-0.2    r-1.0    r15.4      0.1

  2003       I     r3.9     r2.5     r-1.4     r3.0      r0.1     r-0.9    r-0.8     -0.8    r11.3     r0.1
            II     r4.9     r3.1     r-1.7     r3.6      r1.4      -1.3    r-1.4    r-1.3    r17.2     r0.1
           III     r6.2     r4.7     r-1.5     r4.5       2.3     r-1.6    r-1.4    r-1.6    r23.9      0.4
            IV     r6.6     r5.8     r-0.8     r5.0      r3.1     r-1.5    r-1.6    r-1.6    r20.9     r0.3

        ANNUAL     r5.4     r4.0     r-1.3     r4.0      r1.7     r-1.3    r-1.3    r-1.3    r18.7      0.2

  2004       I     r6.2      6.7      r0.5     r5.1      r3.2     r-1.0    r-3.5    r-1.7    r28.7     r0.8
  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        August 10, 2004
  r=revised                                                               Source: Bureau of Labor Statistics
  
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
-1.4 and +1.4 index points approximately 95 percent of the time.  This
interval is based on the performance of this measure between the fourth
quarter of 1995 and the first quarter of 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 self-employed, 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 1978-2003 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.


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

  1999       I    111.5      132.7    r118.9    r124.2      r107.9      111.3       108.5      110.3
            II   r111.8      133.9    r119.8    r124.6      r107.4      111.4      r108.9      110.5
           III   r112.6      135.7    r120.5    r125.7      r107.6      111.6      r109.5      110.8
            IV   r114.4      138.5    r121.1    r128.0      r108.8     r112.0      r109.8      111.1

        ANNUAL   r112.6      135.2    r120.1    r125.6      r107.9      111.6       109.2      110.7

  2000       I   r114.0      138.6    r121.6    r132.4      r111.5     r116.2      r105.2      112.1
            II   r116.2      141.1    r121.5    r133.0      r111.0      114.4      r109.4      112.6
           III   r115.9      140.8    r121.5    r135.6      r112.2     r117.0      r106.2      112.9
            IV   r117.1      141.5    r120.8    r136.5      r112.2     r116.6       107.9      113.3

        ANNUAL   r115.9      140.5    r121.3    r134.5      r111.8     r116.1       107.2      112.7

  2001       I   r117.0     r141.1    r120.7    r138.8      r113.0     r118.7      r106.4      114.1
            II   r118.4     r141.4    r119.4    r139.7      r112.8     r117.9      r109.9     r114.9
           III   r118.8     r140.3    r118.1    r140.4      r113.2     r118.2      r110.2      115.2
            IV   r120.9     r141.0    r116.6     141.5       114.2     r117.0      r113.1     r115.6

        ANNUAL   r118.8     r141.0    r118.7    r140.1      r113.3     r118.0      r109.9      114.9

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1999       I     r3.7        3.7      r0.0      r8.3        r6.6        4.4       r-4.0        1.2
            II     r0.8        3.8      r3.0      r1.2       r-1.6       r0.4        r1.4        0.8
           III     r2.9        5.4      r2.4      r3.6         0.6        0.7         2.3        1.3
            IV     r6.5        8.4      r1.8      r7.7        r4.5        1.1        r1.0        1.1

        ANNUAL      2.9        5.1      r2.2       4.8        r2.6        1.8        -0.6        0.9

  2000       I    r-1.4        0.3       1.7      14.5       r10.3       16.0      r-15.7        3.4
            II     r8.0        7.5     r-0.5      r1.6       r-1.6       -5.9       r17.1        1.8
           III    r-0.9       -0.8      r0.1      r8.1        r4.2       r9.1      r-11.2        1.3
            IV     r4.2        2.0     r-2.1      r2.9        r0.0      r-1.2         6.3        1.4

        ANNUAL      2.9        3.9       1.0      r7.1         3.6        4.0        -1.8        1.8

  2001       I    r-0.5      r-1.1     r-0.6      r6.8        r3.1       r7.4       r-5.4        2.7
            II     r5.1       r0.8     r-4.1      r2.5       r-0.8      r-2.5       r13.8       r3.0
           III     r1.3      r-3.1     r-4.3      r2.2        r1.2       r0.8        r1.3       r1.0
            IV     r7.2       r1.8      -5.0      r3.1        r3.7      r-3.8       r10.9       r1.3

        ANNUAL     r2.5       r0.3      -2.1      r4.2         1.3       r1.6        r2.5       r2.0

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1999       I     r2.8        4.9      r2.0      r5.6        r4.0        2.7        -2.6        0.7
            II      2.9        5.1       2.2      r4.6         2.5        1.6        -0.4        0.9
           III     r2.5        5.2      r2.6      r3.9        r1.5        1.4        r0.4        1.0
            IV     r3.5        5.3      r1.8      r5.2        r2.5       r1.7         0.2        1.1

        ANNUAL      2.9        5.1      r2.2       4.8        r2.6        1.8        -0.6        0.9

  2000       I     r2.2        4.5      r2.2      r6.6        r3.3       r4.4        -3.0        1.6
            II      3.9        5.4       1.4       6.7        r3.4        2.7         0.5        1.9
           III      3.0        3.8       0.8       7.9         4.3        4.8        -3.0        1.9
            IV      2.4        2.2      -0.2       6.7        r3.1       r4.1       r-1.7        2.0

        ANNUAL      2.9        3.9       1.0      r7.1         3.6        4.0        -1.8        1.8

  2001       I     r2.6       r1.8      -0.8      r4.8        r1.4       r2.2        r1.1        1.8
            II     r1.9       r0.2      -1.7      r5.0        r1.6       r3.0        r0.4        2.1
           III     r2.5      r-0.4     r-2.8      r3.6        r0.9       r1.0        r3.7        2.0
            IV     r3.2      r-0.4      -3.5      r3.6        r1.8       r0.4        r4.8       r2.0

        ANNUAL     r2.5       r0.3      -2.1      r4.2         1.3       r1.6        r2.5       r2.0

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 10, 2004
  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

  1999       I   r111.3      133.0     119.6    r123.6      r107.4      111.1      r109.5      110.5
            II   r111.5      134.3    r120.4    r124.0      r107.0      111.2      r110.5      111.0
           III   r112.3      136.1    r121.2    r125.1      r107.1      111.4       111.3      111.3
            IV   r114.2      138.9    r121.6    r127.7      r108.5     r111.8      r111.6      111.7

        ANNUAL   r112.3      135.6    r120.7    r125.1      r107.5     r111.4      r110.7      111.1

  2000       I   r113.7      138.8    r122.1    r132.1      r111.2     r116.2      r106.6      112.6
            II   r115.8      141.4    r122.1    r132.4      r110.6     r114.4      r111.0      113.1
           III    115.5      141.1    r122.1    r135.1      r111.8      116.9       107.8      113.5
            IV   r116.6      141.8    r121.6    r135.9      r111.6      116.5      r109.4      113.9

        ANNUAL   r115.5      140.8    r121.9    r134.0      r111.4      116.0      r108.7      113.3

  2001       I   r116.5     r141.4    r121.4    r138.1      r112.5     r118.6      r107.9      114.6
            II   r118.1     r141.9    r120.2    r138.9      r112.2     r117.6      r111.6     r115.4
           III   r118.5     r140.8    r118.9    r139.6      r112.5     r117.8      r111.9      115.6
            IV   r120.4     r141.2    r117.3     140.7      r113.5     r116.8      r114.7      116.0

        ANNUAL   r118.3     r141.3    r119.4    r139.3      r112.7     r117.7      r111.5      115.4

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1999       I     r3.1        3.7      r0.6      r7.5        r5.9       r4.3        -3.6        1.3
            II     r0.9        3.7      r2.8      r1.4       r-1.5       r0.5        r3.5        1.6
           III     r2.9        5.6      r2.6      r3.5        r0.4        0.6         2.8        1.4
            IV     r6.9        8.4      r1.4      r8.4        r5.3       r1.4        r1.3        1.4

        ANNUAL      2.8        5.2       2.3      r4.6         2.5        1.8        -0.1        1.1

  2000       I     -1.7       -0.1       1.6      14.7        10.5       16.7      r-16.8        3.3
            II     r7.4        7.5      r0.1      r1.0       r-2.2       -6.0       r17.4        1.8
           III    r-0.8       -0.8      r0.0      r8.2        r4.3       r9.1      r-11.0        1.4
            IV     r3.7        2.2     r-1.5      r2.4       r-0.5       -1.3         6.3        1.3

        ANNUAL      2.8        3.8       1.0      r7.1         3.6        4.2       r-1.8        1.9

  2001       I    r-0.4      r-1.1      -0.7      r6.8        r3.0       r7.2       r-5.4       r2.6
            II     r5.5       r1.2     r-4.1      r2.2       r-1.0      r-3.1       r14.4       r2.7
           III     r1.4      r-2.9     r-4.3      r2.1        r1.1       r0.6        r0.9       r0.7
            IV     r6.6       r1.2      -5.1      r3.2        r3.7      r-3.3       r10.5       r1.5

        ANNUAL     r2.5       r0.4      -2.0      r4.0         1.1       r1.5        r2.6        1.9

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1999       I     r2.7        4.9      r2.2       5.5        r3.8        2.7        -2.5        0.7
            II      2.6        5.1      r2.4       4.3         2.3        1.7         0.1        1.1
           III     r2.3        5.2      r2.8      r3.6        r1.3        1.3         0.9        1.2
            IV     r3.4        5.4      r1.8      r5.2        r2.5       r1.7         1.0        1.4

        ANNUAL      2.8        5.2       2.3      r4.6         2.5        1.8        -0.1        1.1

  2000       I     r2.2        4.4      r2.1      r6.9        r3.6       r4.6        -2.7        1.9
            II      3.8        5.3      r1.4      r6.8        r3.4        2.8        r0.4        2.0
           III      2.9        3.6      r0.8       8.0         4.4        5.0       r-3.1        2.0
            IV      2.1        2.1       0.0      r6.4        r2.9        4.3        -2.0        2.0

        ANNUAL      2.8        3.8       1.0      r7.1         3.6        4.2       r-1.8        1.9

  2001       I     r2.4       r1.9     r-0.5      r4.5        r1.1       r2.1        r1.2        1.8
            II     r2.0       r0.4      -1.6      r4.9        r1.4       r2.8        r0.6       r2.0
           III     r2.6      r-0.2     r-2.7      r3.3        r0.6       r0.8        r3.8        1.8
            IV     r3.3      r-0.4     r-3.6      r3.5        r1.7       r0.3        r4.8       r1.9

        ANNUAL     r2.5       r0.4      -2.0      r4.0         1.1       r1.5        r2.6        1.9

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 10, 2004
  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

  1999       I         r126.6         132.9       r105.0       r121.6         r105.6          96.0
            II          127.4         133.9        105.1        122.3          105.5          96.0
           III         r127.6         134.7       r105.6       r123.7         r105.9         r97.0
            IV         r130.7         136.8       r104.6       r127.0         r107.9          97.2

        ANNUAL         r128.1         134.6       r105.1       r123.7         r106.2          96.6

  2000       I          132.4         137.9       r104.1        133.4          112.3        r100.7
            II         r134.0         139.7       r104.2        132.6         r110.8          99.0
           III         r134.0         139.1       r103.8       r136.0         r112.6        r101.6
            IV         r135.2         137.8       r101.9       r137.1         r112.6        r101.4

        ANNUAL         r134.1         138.6       r103.4        135.0         r112.2        r100.7

  2001       I         r134.9         135.2       r100.2       r138.5         r112.7        r102.6
            II         r135.8         133.3        r98.2        137.4          111.0        r101.2
           III         r136.9         131.1        r95.8       r137.3         r110.6        r100.3
            IV         r140.4         129.7        r92.4       r139.4         r112.5         r99.3

        ANNUAL         r136.9         132.3        r96.6       r138.1         r111.7        r100.9

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1999       I           r4.3           1.8        r-2.4         r3.3           r1.7          -0.9
            II           r2.4           2.9         r0.5         r2.5          r-0.4          r0.1
           III           r0.7           2.4         r1.7         r4.6           r1.5          r3.9
            IV          r10.3           6.3        r-3.6        r11.1           r7.9          r0.8

        ANNUAL           r3.6           2.9        r-0.6         r3.9           r1.8           0.3

  2000       I           r5.4           3.5        r-1.8        r21.7          r17.3         r15.5
            II           r4.9           5.2         r0.4        r-2.4          r-5.5          -6.9
           III          r-0.2          -1.7        r-1.5        r10.7           r6.7         r10.9
            IV           r3.9          -3.6        r-7.2         r3.1           r0.2         r-0.8

        ANNUAL            4.7           3.0         -1.6          9.1            5.6           4.2

  2001       I          r-1.0          -7.5        r-6.6         r4.1           r0.4          r5.1
            II           r2.7          -5.4        r-7.8        r-3.1          r-6.1         r-5.6
           III           r3.1          -6.3        r-9.2        r-0.3          r-1.2         r-3.3
            IV          r10.9          -4.3       r-13.7         r6.3           r7.0         r-4.1

        ANNUAL           r2.1          -4.6        r-6.5         r2.3           -0.4           0.2

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1999       I           r4.0           2.5        r-1.4         r4.3           r2.7          r0.2
            II            3.8           2.8         -0.9         r3.2            1.2          -0.5
           III           r2.2           3.0         r0.8         r2.9           r0.5           0.7
            IV           r4.3           3.3        r-1.0         r5.3           r2.6           1.0

        ANNUAL           r3.6           2.9        r-0.6         r3.9           r1.8           0.3

  2000       I           r4.6           3.8        r-0.8         r9.7           r6.4           4.9
            II           r5.2           4.4        r-0.8          8.4           r5.0          r3.0
           III           r5.0           3.3        r-1.6        r10.0           r6.3           4.7
            IV            3.5           0.8         -2.6          7.9           r4.4           4.3

        ANNUAL            4.7           3.0         -1.6          9.1            5.6           4.2

  2001       I           r1.9          -2.0        r-3.8         r3.8           r0.4           1.9
            II           r1.3          -4.6        r-5.8          3.6           r0.2          r2.2
           III           r2.2          -5.7         -7.7         r0.9          r-1.7         r-1.2
            IV            3.8          -5.9         -9.4         r1.7          r-0.1         r-2.1

        ANNUAL           r2.1          -4.6        r-6.5         r2.3           -0.4           0.2

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 10, 2004 
  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

  1999       I         r141.3         155.4       r110.0       r121.2         r105.3          85.8
            II         r142.9         157.3       r110.0       r122.2         r105.4          85.5
           III         r143.0         159.6       r111.6        123.6          105.8         r86.4
            IV          146.0         161.6        110.7       r127.4          108.2          87.2

        ANNUAL         r143.3         158.5       r110.6       r123.6         r106.2          86.2

  2000       I         r149.2         164.5       r110.3       r134.6         r113.3          90.2
            II         r150.8         167.1       r110.8       r133.0         r111.1          88.2
           III         r151.1         166.7       r110.3       r136.9         r113.3          90.6
            IV         r151.7         164.6       r108.5       r136.9         r112.5          90.3

        ANNUAL         r150.9         165.7        109.9       r135.5         r112.6          89.8

  2001       I          150.9         160.5        106.4       r137.8         r112.2          91.4
            II         r151.4         157.5       r104.0       r136.9         r110.6         r90.4
           III         r152.9         154.0        100.7       r136.8         r110.3         r89.5
            IV         r157.0         151.6        r96.5        139.4          112.5         r88.8

        ANNUAL          153.0         155.9        101.9        137.7         r111.4          90.0

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1999       I           r7.1           2.5        r-4.2         r4.6           r3.0         r-2.3
            II           r4.8           4.8         r0.0         r3.4           r0.4         r-1.4
           III           r0.2           5.9         r5.6         r4.4           r1.3          r4.2
            IV           r8.6           5.2        r-3.1        r12.9           r9.6          r3.9

        ANNUAL           r5.9           5.5        r-0.3         r4.5           r2.4          -1.3

  2000       I           r9.0           7.5        r-1.4        r24.7          r20.2          14.4
            II           r4.5           6.3         r1.8        r-4.6          r-7.6         r-8.7
           III           r0.8          -1.0        r-1.7        r12.3           r8.3         r11.4
            IV           r1.6          -4.7        r-6.2         r0.0          r-2.8         r-1.5

        ANNUAL            5.3           4.6         -0.7         r9.6            6.1           4.2

  2001       I          r-2.2          -9.7        r-7.7         r2.7          r-0.9          r5.0
            II           r1.5          -7.3        r-8.7        r-2.6          r-5.7         r-4.0
           III           r4.1          -8.5       r-12.1        r-0.3          r-1.2         r-4.2
            IV          r11.2          -6.2       r-15.6         r7.7           r8.3         r-3.1

        ANNUAL           r1.4          -5.9        r-7.2         r1.6           -1.1           0.2

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1999       I           r6.9           5.4        r-1.4         r4.6           r3.0         r-2.2
            II            7.0           6.1         -0.9          3.7           r1.6          -3.1
           III           r4.5           6.0         r1.5         r3.5           r1.2         r-0.9
            IV           r5.1           4.6        r-0.5         r6.2           r3.5           1.1

        ANNUAL           r5.9           5.5        r-0.3         r4.5           r2.4          -1.3

  2000       I           r5.6           5.8          0.2        r11.0            7.6           5.1
            II           r5.5           6.2         r0.7         r8.8           r5.4           3.1
           III            5.6           4.5         -1.1         10.8            7.1          r4.9
            IV           r3.9           1.9         -1.9         r7.5           r4.0           3.5

        ANNUAL            5.3           4.6         -0.7         r9.6            6.1           4.2

  2001       I           r1.1          -2.4        r-3.5         r2.4          r-0.9           1.3
            II           r0.4          -5.7        r-6.1          3.0           -0.4          r2.5
           III            1.2          -7.6         -8.7        r-0.1          r-2.7         r-1.3
            IV           r3.5          -7.9       r-11.1         r1.8           r0.0         r-1.7

        ANNUAL           r1.4          -5.9        r-7.2         r1.6           -1.1           0.2

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 10, 2004 
  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

  1999       I         r112.9         110.0        r97.5       r120.8         r104.9         107.0
            II         r112.7         110.1        r97.8       r121.1         r104.4        r107.4
           III         r113.3         109.5        r96.6       r122.2         r104.6         107.8
            IV         r116.8         111.6        r95.6       r124.5         r105.7         106.6

        ANNUAL         r113.9         110.3        r96.9       r122.1         r104.9         107.2

  2000       I         r116.9         111.0         95.0       r129.1          108.7        r110.4
            II         r118.5         111.9         94.5       r129.7         r108.3        r109.5
           III         r117.9         111.1        r94.2       r132.1         r109.3        r112.0
            IV         r120.0         110.4        r92.0       r135.1         r111.0        r112.6

        ANNUAL         r118.5         111.1        r93.8       r131.7         r109.4         111.1

  2001       I         r119.9         109.0         90.9       r137.5         r112.0        r114.6
            II         r121.0         108.2        r89.4       r136.1         r110.0        r112.5
           III         r121.1         107.2        r88.5       r136.3         r109.9        r112.6
            IV         r123.8         106.7        r86.2       r137.8         r111.2         111.3

        ANNUAL         r121.4         107.8        r88.8       r136.9         r110.7         112.8

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1999       I           r0.6           1.4         r0.8         r1.5          r-0.1          r0.9
            II          r-0.8           0.4         r1.2         r0.8          r-2.0           1.7
           III           r2.4          -2.3        r-4.6         r3.9           r0.8           1.4
            IV          r12.6           7.8        r-4.3         r7.6           r4.4          -4.5

        ANNUAL           r0.8          -0.3        r-1.1         r2.7           r0.6           1.9

  2000       I           r0.4          -2.2        r-2.5        r15.7          r11.5         r15.2
            II           r5.7           3.5        r-2.1         r2.0          r-1.3         r-3.5
           III          r-1.9          -3.1        r-1.2         r7.6           r3.7          r9.6
            IV           r7.2          -2.3        r-8.9         r9.4           r6.3          r2.0

        ANNUAL           r4.0           0.7        r-3.2         r7.8           r4.3           3.6

  2001       I          r-0.2          -4.9        r-4.7         r7.4            3.6          r7.5
            II           r3.6          -3.0        r-6.3        r-3.9          r-6.9         r-7.2
           III           r0.3          -3.7        r-4.0         r0.5          r-0.4          r0.2
            IV           r9.2          -2.0       r-10.2         r4.4           r5.0         r-4.4

        ANNUAL           r2.5          -3.0        r-5.3         r4.0           r1.2           1.5

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1999       I           r0.5          -1.0        r-1.5         r3.7           r2.1           3.2
            II           -0.2          -1.1         -0.9          2.4            0.4           2.6
           III          r-0.5          -0.8        r-0.3         r1.4          r-0.9          r1.9
            IV           r3.6           1.8        r-1.7         r3.4           r0.8         r-0.1

        ANNUAL           r0.8          -0.3        r-1.1         r2.7           r0.6           1.9

  2000       I           r3.5           0.9        r-2.6         r6.8           r3.5          r3.2
            II           r5.2           1.6        r-3.4         r7.1           r3.7          r1.9
           III           r4.0           1.4        r-2.5         r8.1           r4.5          r3.9
            IV           r2.8          -1.1        r-3.7         r8.5            5.0          r5.6

        ANNUAL           r4.0           0.7        r-3.2         r7.8           r4.3           3.6

  2001       I           r2.6          -1.8        r-4.3         r6.5           r3.0           3.8
            II           r2.1          -3.3        r-5.3         r5.0           r1.5          r2.8
           III           r2.7          -3.5        r-6.0         r3.2           r0.5          r0.5
            IV           r3.2          -3.4        r-6.3         r2.0           r0.2         r-1.1

        ANNUAL           r2.5          -3.0        r-5.3         r4.0           r1.2           1.5

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 10, 2004 
  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

  1999      I   r115.9    140.8    r121.5   r122.6    r106.5     105.8     99.7    104.2    134.1    106.8
           II   r116.4    142.4    r122.3   r122.8    r105.9     105.5    100.3    104.1    134.4    106.8
          III   r116.4    143.5    r123.3   r123.5    r105.7     106.1    101.6    104.9    126.9    106.9
           IV   r117.7    146.0    r124.0   r125.2    r106.4     106.4    102.2    105.2    124.1    106.9

       ANNUAL   r116.6    143.2    r122.8   r123.5    r106.1     106.0    101.0    104.6    129.8    106.9

  2000      I   r119.7    149.4    r124.7   r129.7    r109.2     108.3    102.5    106.8    115.3    107.5
           II   r120.4    150.2    r124.8   r130.4    r108.9     108.3    104.1    107.2    116.6    108.0
          III   r121.3    151.5    r125.0   r132.9    r110.0     109.6    105.4    108.5    108.0    108.4
           IV   r121.6    151.5    r124.6   r134.4    r110.5     110.6    107.1    109.7     97.6    108.6

       ANNUAL   r120.8    150.7    r124.7   r132.0    r109.7     109.2    104.8    108.0    109.3    108.1

  2001      I   r122.2   r151.3    r123.9   r135.6    r110.4    r111.0   r109.6   r110.6    r87.8   r108.6
           II   r122.8   r150.3    r122.4   r136.7    r110.4    r111.4   r112.2   r111.6    r87.3   r109.4
          III   r123.0   r148.6    r120.8   r137.9    r111.1    r112.1   r114.7   r112.8    r79.4    109.8
           IV   r123.9   r147.6    r119.1   r139.3    r112.5    r112.4   r116.2   r113.4    r75.8   r110.1

       ANNUAL   r123.0   r149.4    r121.5   r137.3    r111.1    r111.7   r113.2   r112.1    r82.6    109.5

  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  1999      I     r7.2      8.6      r1.3    r10.2      r8.5       2.8     -5.2      0.7      3.7      1.0
           II     r1.7      4.5      r2.7     r0.6     r-2.2      -1.1      2.5     -0.2      0.9      0.0
          III     r0.0      3.1      r3.1     r2.2     r-0.8       2.3      5.3      3.0    -20.3      0.2
           IV     r4.6      7.2      r2.5     r5.6      r2.6       1.0      2.2      1.3     -8.6      0.2

       ANNUAL     r3.1      5.8       2.6      4.6      r2.4       1.4      1.1      1.3     -5.6      0.5

  2000      I     r7.1      9.6      r2.3    r15.1     r11.0       7.5      1.3      5.8    -25.6      2.2
           II     r2.1      2.4       0.2      2.2      -1.0       0.1      6.5      1.7      4.6      2.0
          III     r3.0      3.5      r0.5     r7.9      r4.0       4.8      5.0      4.8    -26.3      1.5
           IV     r1.0     -0.1     r-1.1     r4.7      r1.8       3.7      6.6      4.4    -33.4      0.5

       ANNUAL      3.6      5.2      r1.5      6.8      r3.4       3.1      3.8      3.3    -15.8      1.2

  2001      I     r2.0    r-0.5     r-2.4     r3.4     r-0.3      r1.3     r9.8     r3.5   r-34.4     r0.0
           II     r2.0     -2.7     r-4.6     r3.4      r0.2      r1.4     r9.8     r3.6    r-2.0     r3.2
          III     r0.8    r-4.4     r-5.2     r3.5      r2.5      r2.7     r9.0     r4.3   r-31.8     r1.4
           IV     r3.1    r-2.6     r-5.5     r4.3      r4.9      r1.2     r5.4     r2.3   r-16.7     r1.0

       ANNUAL      1.8    r-0.8     r-2.5     r4.1      r1.3      r2.3     r8.0     r3.8   r-24.4      1.2

  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  1999      I     r3.9      6.2      r2.3     r5.6      r4.0       1.7      0.3      1.3     -4.2      0.7
           II     r3.4      6.0      r2.5      4.5      r2.5       1.1      0.9      1.0     -2.0      0.7
          III     r2.0      5.1      r3.1     r3.6      r1.3       1.6      2.1      1.7     -9.5      0.4
           IV     r3.3      5.8      r2.4     r4.6      r1.9       1.2      1.1      1.2     -6.6      0.3

       ANNUAL     r3.1      5.8       2.6      4.6      r2.4       1.4      1.1      1.3     -5.6      0.5

  2000      I     r3.3      6.1      r2.7     r5.8      r2.5       2.4      2.8      2.5    -14.0      0.6
           II      3.4      5.5      r2.0     r6.2       2.8       2.7      3.8      3.0    -13.2      1.1
          III      4.2      5.6      r1.4     r7.6      r4.0       3.3      3.7      3.4    -14.9      1.5
           IV     r3.3      3.8      r0.5      7.4      r3.8       4.0      4.8      4.2    -21.4      1.5

       ANNUAL      3.6      5.2      r1.5      6.8      r3.4       3.1      3.8      3.3    -15.8      1.2

  2001      I     r2.0     r1.3      -0.7     r4.5      r1.1      r2.4     r7.0     r3.6   r-23.8     r1.0
           II     r2.0     r0.0     r-1.9     r4.8      r1.4      r2.8     r7.8     r4.1   r-25.1      1.3
          III     r1.4    r-1.9     r-3.3      3.7       1.0      r2.3     r8.8     r4.0   r-26.5     r1.3
           IV     r2.0    r-2.6      -4.4      3.6       1.8      r1.7     r8.5     r3.4   r-22.3     r1.4

       ANNUAL      1.8    r-0.8     r-2.5     r4.1      r1.3      r2.3     r8.0     r3.8   r-24.4      1.2

  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        August 10, 2004
  r=revised                                                               Source: Bureau of Labor Statistics 


Appendix table 7. Business sector: Productivity, hourly compensation, unit labor costs, and prices
Indexes 1992=100
                                                            Real
                Output per            Hours     Compensa-   compensa-  Unit      Unit non-   Implicit
                hour of               of all    tion per    tion per   labor     labor pay-  price
       Year     all persons  Output   persons   hour (1)    hour (2)   costs     ments (3)   deflator (4)
  -------------------------------------------------------------------------------------------------------
       1947       r32.4       20.4     r63.0        7.0      r40.9      21.7         18.7       20.6
       1948       r33.9       21.5     r63.5        7.6      r41.0      22.5         20.7       21.8
       1949       r34.7       21.3     r61.4        7.7      r42.1      22.3         20.5       21.6

       1950       r37.5       23.4     r62.3       r8.3      r44.5      22.1         21.6       21.9
       1951       r38.7       24.9     r64.4       r9.1      r45.2     r23.5        r23.7       23.6
       1952       r39.7       25.7     r64.6        9.6      r47.0      24.2         23.2       23.8
       1953       r41.1       26.9     r65.4       10.2      r49.6      24.9         22.6       24.0
       1954       r42.0       26.6     r63.2      r10.6      r50.8      25.1         22.6       24.2

       1955       r43.8       28.7     r65.6       10.8      r52.3      24.8         24.0       24.5
       1956       r43.8       29.1     r66.6       11.5      r55.0      26.4         23.5       25.3
       1957       r45.1       29.6     r65.7      r12.3      r56.7      27.2         24.2       26.1
       1958       r46.4       29.1     r62.7       12.8      r57.5      27.7         24.8       26.6
       1959       r48.1       31.4     r65.4      r13.4      r59.5      27.8         25.2       26.8

       1960       r48.9       32.0     r65.5      r13.9      r60.9      28.4         24.9       27.1
       1961       r50.6       32.7     r64.5      r14.5      r62.6      28.5         25.3       27.3
       1962       r52.9       34.8     r65.7      r15.1      r64.7      28.5         26.1       27.6
       1963       r55.0       36.4     r66.2      r15.6      r66.1      28.4         26.6       27.7
       1964       r56.8       38.7     r68.1      r16.2      r67.7      28.5         27.3       28.1

       1965       r58.8       41.4     r70.4      r16.8      r69.1      28.6         28.4       28.5
       1966       r61.2       44.2     r72.3      r17.9      r71.7      29.3         29.0       29.2
       1967       r62.5       45.1     r72.1      r19.0      r73.5      30.3         29.5       30.0
       1968       r64.6       47.3     r73.2      r20.5      r76.3      31.7         30.4       31.2
       1969       r64.9       48.8     r75.1      r21.9      r77.4     r33.8         30.8       32.6

       1970       r66.2       48.7     r73.6      r23.6      r78.8      35.6        r31.4       34.1
       1971       r69.0       50.6     r73.3      r25.1      r80.2      36.3        r34.1       35.5
       1972       r71.2       53.9     r75.6      r26.7      r82.6      37.4         35.7       36.8
       1973       r73.5       57.6     r78.5      r28.9      r84.4      39.4        r37.5       38.7
       1974       r72.3       56.8     r78.6      r31.7      r83.3     r43.9         40.0       42.4

       1975       r74.8       56.3     r75.3      r35.0      r84.1      46.7         46.3       46.6
       1976       r77.2       60.0     r77.7      r38.0      r86.4      49.2        r48.7       49.0
       1977       r78.5       63.3     r80.7      r41.0      r87.6      52.2        r51.5       52.0
       1978       r79.3       67.3     r84.8      r44.6      r89.1     r56.2         54.8       55.6
       1979       r79.4       69.6     r87.7      r48.9      r89.4      61.6        r58.2       60.4

       1980       r79.2       68.8     r86.9      r54.2      r89.2      68.4         61.3       65.8
       1981       r80.8       70.7     r87.5      r59.4      r89.3     r73.5        r69.1       71.8
       1982        80.2       68.6      85.5       63.6       90.4      79.3         70.2       75.9
       1983        83.1       72.3      87.0      r66.3      r90.4      79.7         76.5       78.5
       1984        85.3       78.6      92.1       69.1      r90.7      81.0         80.4       80.8

       1985       r87.2       82.2     r94.2      r72.4      r91.9      83.0         82.2       82.7
       1986        89.9       85.3     r94.9      r76.2      r94.9      84.8         82.8       84.1
       1987       r90.4       88.3      97.7       79.0      r95.3      87.5         83.3       85.9
       1988        91.7       92.1    r100.3       83.1       96.6      90.6        r85.4       88.6
       1989       r92.6       95.4     103.0      r85.3      r95.1      92.1         91.5       91.9

       1990       r94.5       96.9    r102.5      r90.6      r96.2      95.9         93.9       95.1
       1991        96.0       96.1    r100.2      r95.0      r97.4      99.0         96.8       98.2
       1992       100.0      100.0     100.0      100.0      100.0     100.0        100.0      100.0
       1993       100.3      103.1     102.8      102.2       99.7     101.9        102.5      102.1
       1994      r101.5      108.2     106.7      103.8       99.2     102.3        106.6      103.9

       1995      r101.6      111.4    r109.6      106.0       98.9     104.3        108.2      105.7
       1996      r104.6      116.5    r111.4     r109.6      r99.6     104.8       r111.8      107.4
       1997       106.5      122.7    r115.1     r113.1     r100.6     106.1       r113.8      109.0
       1998      r109.4      128.6    r117.6     r119.9     r105.1    r109.6       r109.8      109.7
       1999      r112.6      135.2    r120.1     r125.6     r107.9     111.6        109.2      110.7

       2000      r115.9      140.5    r121.3     r134.5     r111.8    r116.1        107.2      112.7
       2001      r118.8     r141.0    r118.7     r140.1     r113.3    r118.0       r109.9      114.9
       2002      r123.9     r143.5    r115.8     r144.5     r115.0    r116.6       r114.9     r116.0
       2003      r129.5     r149.0     115.1     r150.5     r117.1    r116.2       r119.6      117.4
  -------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                     August 10, 2004
  r=revised                                                            Source: Bureau of Labor Statistics



 Appendix table 8. Nonfarm business sector:  Productivity, hourly compensation, unit labor costs, and prices
 Indexes 1992=100
                                                            Real
                Output per            Hours     Compensa-   compensa-  Unit      Unit non-   Implicit
                hour of               of all    tion per    tion per   labor     labor pay-  price
       Year     all persons  Output   persons   hour (1)    hour (2)   costs     ments (3)   deflator (4)
  -------------------------------------------------------------------------------------------------------
       1947       r37.0       20.1     r54.2       r7.5      r43.3      20.2         17.8       19.3
       1948       r38.0       20.9     r55.1        8.1      r43.6      21.3         19.4       20.6
       1949       r39.3       20.8     r53.0        8.3      r45.4      21.2        r20.0       20.8

       1950       r41.9       22.9     r54.7        8.8      r47.5      21.1         20.8       21.0
       1951       r43.0       24.6     r57.3        9.6      r47.8      22.3         22.4       22.4
       1952       r43.8       25.3     r57.9       10.1      r49.5     r23.2         22.3       22.8
       1953       r44.7       26.6     r59.4      r10.7      r51.9      23.9         22.2       23.3
       1954       r45.6       26.1     r57.3       11.0      r53.1      24.2         22.3       23.5

       1955       r47.5       28.3     r59.7       11.4      r55.3      24.1         23.6       23.9
       1956       r47.1       28.8     r61.1       12.1      r57.8      25.8         23.1       24.8
       1957       r48.3       29.4     r60.8       12.8      r59.2      26.6         23.8       25.6
       1958       r49.4       28.7     r58.2      r13.4      r59.8      27.1         24.1       26.0
       1959       r51.2       31.2     r60.9      r13.9      r61.8      27.1         24.9       26.3

       1960       r51.8       31.8     r61.3      r14.5      r63.3      27.9         24.3       26.6
       1961       r53.4       32.4     r60.6      r15.0      r64.8      28.0         24.8       26.8
       1962       r55.8       34.6     r62.0      r15.6      r66.7     r27.9        r25.8       27.1
       1963       r57.8       36.2     r62.7      r16.1      r68.1      27.8         26.3       27.3
       1964       r59.5       38.7     r65.0      r16.6      r69.3      27.9         27.1       27.6

       1965       r61.3       41.4     r67.5       17.1      r70.5      27.9         28.0       28.0
       1966       r63.5       44.4     r69.8      r18.2      r72.6      28.6         28.7       28.6
       1967       r64.6       45.1     r69.8      r19.2      r74.5      29.7         29.2       29.5
       1968       r66.8       47.5     r71.1      r20.7      r77.1      31.0         30.2       30.7
       1969       r66.9       48.9     r73.1      r22.1      r78.1      33.1         30.4       32.1

       1970       r67.9       48.9     r72.0      r23.7      r79.1      34.9         31.1       33.5
       1971       r70.6       50.7     r71.8      r25.2      r80.7      35.7        r33.7       35.0
       1972       r73.0       54.1     r74.1      r26.9      r83.2      36.8         34.9       36.1
       1973       r75.3       58.0     r77.1      r29.1      r84.8      38.6         35.3       37.4
       1974       r74.2       57.3     r77.2      r31.9      r83.8      43.0         38.1       41.2

       1975       r76.2       56.3     r73.9      r35.1      r84.5      46.1         44.8       45.6
       1976       r78.7       60.2     r76.5      r38.1      r86.6      48.4         47.8       48.1
       1977       r79.9       63.6     r79.6      r41.2      r88.0      51.5         50.7       51.2
       1978       r81.0       67.8     r83.7      r44.8      r89.6      55.3         53.4       54.6
       1979       r80.7       70.0     r86.6      r49.1      r89.7      60.8         56.5       59.2

       1980       r80.6       69.2     r85.9      r54.4      r89.5      67.5         60.4       64.9
       1981       r81.7       70.7     r86.5      r59.7      r89.9      73.1         67.8       71.1
       1982        80.9       68.4      84.6       64.0      r90.8      79.1        r69.5       75.5
       1983        84.6       72.9      86.2       66.6       90.9      78.8         76.2       77.9
       1984       r86.3       78.9      91.4      r69.5       91.1      80.5         79.4       80.1

       1985       r87.6       82.2     r93.8      r72.6      r92.2      82.9         81.7       82.5
       1986        90.3       85.4     r94.6      r76.4      r95.2      84.6        r82.6       83.9
       1987       r90.7       88.4      97.5       79.2       95.4      87.3        r83.0       85.7
       1988        92.1       92.4    r100.3       83.1       96.6      90.2         85.1       88.3
       1989        92.8       95.7     103.1      r85.2      r95.0      91.9         90.9       91.5

       1990       r94.6       97.1    r102.7      r90.4      r96.0      95.6         93.6       94.9
       1991       r96.1       96.3    r100.2      r95.0      r97.4      98.8         97.0       98.1
       1992       100.0      100.0     100.0      100.0      100.0     100.0        100.0      100.0
       1993      r100.4      103.4     103.0     r102.0       99.5     101.6        102.9      102.1
       1994       101.5      108.3    r106.6     r103.8       99.1     102.2        107.1      104.0

       1995      r102.0      111.8     109.5     r105.9      r98.8     103.8        109.2      105.8
       1996      r104.8      116.8    r111.5     r109.5      r99.5     104.5       r112.0      107.3
       1997      r106.5      122.8     115.4     r112.9     r100.4     106.0       r114.5      109.1
       1998      r109.3      128.9    r117.9     r119.6     r104.9    r109.4       r110.8      109.9
       1999      r112.3      135.6    r120.7     r125.1     r107.5    r111.4       r110.7      111.1

       2000      r115.5      140.8    r121.9     r134.0     r111.4     116.0       r108.7      113.3
       2001      r118.3     r141.3    r119.4     r139.3     r112.7    r117.7       r111.5      115.4
       2002      r123.5     r143.9    r116.5     r143.8     r114.5    r116.5       r116.8     r116.6
       2003      r129.0     r149.4    r115.8     r149.7     r116.5    r116.1       r121.1      117.9
  -------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                     August 10, 2004
  r=revised                                                            Source: Bureau of Labor Statistics



 Appendix table 9. Manufacturing sector:  Productivity, hourly compensation, and unit labor costs,
 Indexes 1992=100
                                                                             Real
                     Output per                  Hours       Compensa-       compensa-      Unit 
                     hour of                     of all      tion per        tion per       labor
       Year          all persons    Output       persons     hour (1)        hour (2)       costs
  -----------------------------------------------------------------------------------------------
       1987             r88.4         91.7       r103.8        r80.7           r97.3        r91.4
       1988             r90.0         96.3       r107.0        r83.6           r97.2         92.8
       1989              90.3         97.2       r107.6        r86.1           r96.0         95.3

       1990              92.9         97.6        105.0         90.1            95.7         97.0
       1991             r95.4         96.0       r100.5        r95.4           r97.8        100.0
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993             102.7        104.1        101.4        102.3            99.8         99.6
       1994            r106.1        110.0        103.8        105.6           100.9         99.6

       1995            r109.9        115.0       r104.6       r107.5          r100.3         97.8
       1996             113.9        118.6       r104.2        109.9            99.8         96.5
       1997            r118.0        125.1       r106.0       r112.1            99.7         95.0
       1998            r123.6        130.7       r105.7       r119.0          r104.4         96.2
       1999            r128.1        134.6       r105.1       r123.7          r106.2         96.6

       2000            r134.1        138.6       r103.4        135.0          r112.2       r100.7
       2001            r136.9        132.3        r96.6       r138.1          r111.7       r100.9
       2002            r146.5        131.5        r89.7       r147.3          r117.3       r100.6
       2003            r154.0        131.6        r85.5       r159.9          r124.5       r103.8
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             August 10, 2004 
  r=revised                                                    Source: Bureau of Labor Statistics



 Appendix table 10. Durable manufacturing sector:  Productivity, hourly compensation, and unit labor costs,
 Indexes 1992=100
                                                                             Real
                     Output per                  Hours       Compensa-       compensa-      Unit 
                     hour of                     of all      tion per        tion per       labor
       Year          all persons    Output       persons     hour (1)        hour (2)       costs
  -----------------------------------------------------------------------------------------------
       1987             r89.3         95.1       r106.5        r80.7           r97.2         90.4
       1988             r91.2        100.9       r110.6        r83.0           r96.5         90.9
       1989             r91.2        101.1       r111.0        r85.5           r95.3         93.8

       1990             r93.2        100.1        107.4         89.2            94.8         95.8
       1991             r94.5         95.9       r101.4        r94.9           r97.2        100.4
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993            r104.5        106.0       r101.4       r102.0           r99.5         97.6
       1994            r109.7        114.8       r104.7       r105.5          r100.8         96.2

       1995            r115.2        122.8       r106.6       r106.5           r99.4         92.5
       1996            r120.7        129.5       r107.3       r108.1           r98.2         89.5
       1997            r126.3        139.5       r110.5       r110.6           r98.4         87.6
       1998            r135.4        150.2       r111.0       r118.2          r103.7        r87.4
       1999            r143.3        158.5       r110.6       r123.6          r106.2         86.2

       2000            r150.9        165.7        109.9       r135.5          r112.6         89.8
       2001             153.0        155.9        101.9        137.7          r111.4         90.0
       2002            r165.6        154.8        r93.5       r145.3          r115.7        r87.7
       2003            r178.3        158.0        r88.6       r159.3          r124.0        r89.3
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             August 10, 2004 
  r=revised                                                    Source: Bureau of Labor Statistics


Appendix table 11. Nondurable manufacturing sector:  Productivity, hourly compensation, and unit labor 
 costs,
 Indexes 1992=100
                                                                             Real
                     Output per                  Hours       Compensa-       compensa-      Unit 
                     hour of                     of all      tion per        tion per       labor
       Year          all persons    Output       persons     hour (1)        hour (2)       costs
  -----------------------------------------------------------------------------------------------
       1987              90.5         90.2        r99.7        r80.2           r96.7         88.7
       1988             r92.0         93.3       r101.5        r84.0           r97.7         91.3
       1989             r92.3         94.7       r102.7        r86.7           r96.7        r93.9

       1990             r94.8         96.1       r101.4        r91.2           r96.9         96.2
       1991             r97.4         96.6        r99.2        r96.2           r98.6         98.8
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993            r100.5        101.9       r101.4       r102.7          r100.2        102.3
       1994            r102.2        104.5       r102.3       r105.7          r101.0        103.5

       1995            r104.6        106.3       r101.6       r108.8          r101.5        103.9
       1996            r107.1        106.5        r99.5       r112.4          r102.2        105.0
       1997            r110.7        110.0        r99.4       r113.6          r101.1        102.7
       1998            r113.0        110.6        r97.9       r118.9          r104.3        105.2
       1999            r113.9        110.3        r96.9       r122.1          r104.9        107.2

       2000            r118.5        111.1        r93.8       r131.7          r109.4        111.1
       2001            r121.4        107.8        r88.8       r136.9          r110.7        112.8
       2002            r127.3        107.1        r84.1       r149.7          r119.2       r117.6
       2003            r129.7        104.8        r80.7       r159.6          r124.2       r123.0
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             August 10, 2004 
  r=revised                                                    Source: Bureau of Labor Statistics



 Appendix table 12. Nonfinancial corporations:  Productivity, hourly compensation, unit labor costs, unit
 profits, and prices,
 Indexes 1992=100

               Output                      Hourly    Real                Unit     Total     Unit  Implicit
               per all-                    compen-   hourly     Unit     non-     unit      pro-  price
               employee           Employee sation    compen     labor    labor    costs     fits  deflator
      Year     hour       Output  hours     (1)      sation(2)  costs    costs(6) (7)       (8)     (4)
  --------------------------------------------------------------------------------------------------------
      1958      r53.6      25.7    r48.0    r15.0     r67.2      28.0     23.2     26.7     46.5     28.5
      1959      r56.1      28.6    r50.9    r15.6     r69.3      27.7     21.9     26.2     55.0     28.7

      1960      r57.0      29.5    r51.8    r16.2     r70.8      28.4     23.0     26.9     49.5     28.9
      1961      r58.8      30.1    r51.3    r16.7     r72.4      28.4     23.5     27.1     49.5     29.1
      1962      r61.3      32.7    r53.3    r17.4     r74.4      28.3     23.1     26.9     53.7     29.3
      1963      r63.5      34.6    r54.5    r17.9     r75.7      28.2     23.1     26.8     56.5     29.5
      1964      r64.5      37.0    r57.5    r18.2     r76.2      28.3     22.9     26.8     58.8     29.7

      1965      r66.0      40.1    r60.7    r18.8     r77.1      28.4     22.8     26.9     63.2     30.2
      1966      r67.1      42.9    r63.9    r19.8     r79.2      29.5     23.0     27.8     62.7     30.9
      1967      r68.1      44.0    r64.6    r20.9     r81.1      30.7     24.3     29.0     59.1     31.7
      1968      r70.5      46.8    r66.4    r22.5     r83.7      31.9     25.9     30.3     59.1     32.9
      1969      r70.5      48.6    r69.0    r24.0     r84.8      34.1     28.1     32.5     53.3     34.4

      1970      r70.8      48.1    r67.9    r25.7     r85.9      36.3     31.7     35.1     43.7     35.9
      1971      r73.8      50.1    r67.9    r27.3     r87.4      37.0     33.1     36.0     49.8     37.2
      1972      r75.2      53.8    r71.6    r28.8     r89.2      38.3     33.4     37.0     53.3     38.4
      1973      r75.9      57.1    r75.2    r31.0     r90.4      40.8     35.2     39.3     54.1     40.6
      1974      r74.3      56.1    r75.5    r33.9     r89.2      45.7     40.5     44.3     47.7     44.6

      1975      r77.3      55.4    r71.7    r37.3     r89.7      48.2     45.9     47.6     62.2     48.9
      1976      r79.7      59.8    r75.0    r40.3     r91.8      50.6     45.7     49.3     70.4     51.2
      1977      r81.8      64.2    r78.4    r43.5     r93.0      53.2     47.7     51.7     76.2     53.9
      1978      r82.8      68.3    r82.5    r47.6     r95.1      57.5     50.5     55.6     78.0     57.6
      1979      r82.0      70.4    r85.8    r51.9     r94.9      63.3     55.1     61.1     73.1     62.2

      1980      r81.3      69.2    r85.2    r57.2     r94.1      70.4     64.5     68.8     66.5     68.6
      1981      r82.7      71.4    r86.4    r62.4     r93.9      75.5     73.6     75.0     81.2     75.5
      1982      r83.1      69.9     84.1     66.5      94.4      79.9     81.3     80.3     75.1     79.8
      1983      r86.2      73.5    r85.3     68.9      94.0      80.0     81.2     80.3     90.7     81.2
      1984       88.4      80.3    r90.8    r71.9     r94.3      81.3     80.7     81.1    106.7     83.4

      1985       90.5      84.0    r92.9     75.2     r95.4      83.1     82.8     83.0    101.3     84.7
      1986      r92.4      86.1    r93.2    r78.9     r98.3      85.4     85.3     85.4     89.2     85.7
      1987      r94.4      90.7     96.1    r81.6     r98.3      86.4     84.9     86.0     99.0     87.2
      1988       96.5      95.7     99.1     84.9      98.7      87.9     86.1     87.4    110.6     89.5
      1989      r95.1      97.2   r102.2    r87.0     r97.0      91.4     92.8     91.8    100.6     92.6

      1990      r95.6      98.1   r102.5    r91.1     r96.8      95.3     97.1     95.8     96.7     95.9
      1991      r97.8      97.4    r99.6    r95.5     r97.9      97.6    102.3     98.9     92.8     98.4
      1992      100.0     100.0    100.0    100.0     100.0     100.0    100.0    100.0    100.0    100.0
      1993     r100.6     103.0   r102.4    101.7     r99.3     101.2     99.7    100.8    113.9    101.9
      1994     r102.6     109.5    106.8   r103.6      98.9     101.0    100.5    100.8    131.3    103.6

      1995     r103.3     114.3   r110.6   r105.3      98.3     102.0    101.3    101.8    136.9    104.9
      1996     r107.2     120.7   r112.6   r108.5     r98.6     101.2     99.9    100.9    149.9    105.3
      1997     r109.9     128.4   r116.9    111.7     r99.4     101.7     99.8    101.2    154.4    105.9
      1998     r113.0     135.3   r119.7   r118.1    r103.6     104.5     99.9    103.2    137.5    106.3
      1999     r116.6     143.2   r122.8   r123.5    r106.1     106.0    101.0    104.6    129.8    106.9

      2000     r120.8     150.7   r124.7   r132.0    r109.7     109.2    104.8    108.0    109.3    108.1
      2001     r123.0    r149.4   r121.5   r137.3    r111.1    r111.7   r113.2   r112.1    r82.6    109.5
      2002     r128.4    r151.6   r118.1   r141.5    r112.7    r110.2   r113.0   r111.0    r95.4    109.6
      2003     r135.4    r157.7   r116.5   r147.3    r114.6    r108.8   r111.5   r109.5   r113.2    109.8
  --------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                      August 10, 2004
  r=revised                                                             Source: Bureau of Labor Statistics


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