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PRODUCTIVITY AND COSTS 

First Quarter 2007, preliminary

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

preliminary productivity data—as measured by output per hour of all persons—for the first 

quarter of 2007. The seasonally adjusted annual rates of productivity change in the first quarter 

were: 

1.3 percent in the business sector and 

 1.7 percent in the nonfarm business sector. 

In the business sector, output increased 1.2 percent while hours were unchanged. In 

nonfarm businesses, output rose 1.4 percent and hours declined 0.3 percent. In both sectors, 

productivity grew more slowly than in the fourth quarter of 2006, when output per hour rose 1.5 

percent in the business sector and 2.1 percent in the nonfarm business sector (seasonally adjusted 

annual rates). First-quarter measures are summarized in table A and appear in detail in tables 1 

through 5. 

In manufacturing, productivity changes in the first quarter were: 

2.7 percent in manufacturing, 

2.7 percent in durable goods manufacturing, and 

2.0 percent in nondurable goods manufacturing. 

 Manufacturing productivity growth in the first quarter of 2007 reflected a 1.5-percent 

increase in output and a 1.1-percent decrease in hours worked in the sector. Output per hour had 

increased 1.9 percent in the fourth quarter of 2006, as both output and hours fell, by 2.1 percent 

and 3.9 percent, respectively. Output and hours in manufacturing, which includes about 13 

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

for the aggregate business and nonfarm business sectors. First-quarter measures are summarized 

in table A and appear in detail in tables 1 through 5. 
2 

Table A. Productivity and costs: Preliminary first-quarter 2007 measures 

(Seasonally adjusted annual rates) 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

 Percent change from preceding quarter 

Business 1.3 1.2 0.0 1.9 -1.9 0.7 

Nonfarm business 1.7 1.4 -0.3 2.3 -1.5 0.6 

Manufacturing 2.7 1.5 -1.1 5.5 1.6 2.7 

 Durable 2.7 0.4 -2.3 6.6 2.6 3.8 

 Nondurable 2.0 2.9 0.8 3.6 -0.2 1.6 

 Percent change from same quarter a year ago 

Business 0.9 2.2 1.3 2.2 -0.3 1.3 

Nonfarm business 1.1 2.2 1.1 2.4 0.0 1.3 

Manufacturing 3.6 2.4 -1.1 1.5 -0.9 -2.0 

 Durable 4.9 3.4 -1.4 2.1 -0.3 -2.6 

 Nondurable 1.8 1.4 -0.4 0.4 -2.0 -1.4 

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

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

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

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

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

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

System. See Technical Notes for further information on data sources (page 7). 

Business 

 Productivity in the business sector rose 1.3 percent in the first quarter of 2007, as output 

grew 1.2 percent (seasonally adjusted annual rate) and hours of all persons at work in the sector 

were unchanged. Revised data for the fourth quarter of 2006 showed that output per hour 

increased 1.5 percent, reflecting a 2.9-percent rise in output and a 1.4-percent increase in hours at 

work. (See table 1.) 

When the first quarter of 2007 is compared to the first quarter of 2006, productivity in the 

business sector grew 0.9 percent. This was the smallest four-quarter change since a 0.7-percent 

increase for the period from the fourth quarter of 1994 to the fourth quarter of 1995. 

 Hourly compensation increased 1.9 percent during the first quarter of 2007. This 

measure includes wage and salary accruals, supplements, employer contributions to employee 

benefit plans, and taxes. Hourly compensation had risen 7.7 percent in the previous quarter. 
3 

Real hourly compensation, which takes into account changes in consumer prices, decreased 1.9 

percent in the first quarter of 2007, after rising 10.0 percent in the fourth quarter of 2006. 

Unit labor costs rose 0.7 percent in the first quarter of 2007, compared to a 6.2-percent 

increase in the fourth quarter. Growth in unit labor costs is roughly equivalent to the change in 

hourly compensation minus the change in output per hour. 

 The implicit price deflator for the business sector, which reflects changes in both unit 

labor costs and unit nonlabor payments, grew at a 3.7-percent rate in the first quarter, faster than 

the 1.0-percent rate in the final quarter of 2006. 

Nonfarm business 

 Productivity rose 1.7 percent in the nonfarm business sector in first-quarter 2007, as 

output grew 1.4 percent and hours of all persons decreased by 0.3 percent (seasonally adjusted 

annual rates). From the first quarter of 2006 to the first quarter of 2007 output per hour grew 1.1 

percent. In the fourth quarter of 2006, productivity had risen 2.1 percent, reflecting increases in 

output and hours of 2.9 percent and 0.8 percent, respectively. (See table 2.) 

 Hourly compensation increased 2.3 percent in the first quarter of 2007, less rapidly than 

in the fourth quarter, when it grew 8.5 percent. When the rise in consumer prices was taken into 

account, real hourly compensation fell 1.5 percent in the first quarter, in contrast to a 10.8-

percent increase in the fourth quarter of 2006. 

Unit labor costs grew 0.6 percent in the first quarter of 2007, following a 6.2-percent rise 

one quarter earlier. The implicit price deflator for nonfarm business output rose 3.2 percent in 

the first quarter of 2007 and 0.5 percent in the fourth quarter of 2006. 

Manufacturing 

 Productivity increased 2.7 percent in manufacturing in the first quarter of 2007, as output 

increased 1.5 percent and hours of all persons fell 1.1 percent (seasonally adjusted annual rates). 

After revisions, manufacturing productivity increased 1.9 percent in the fourth quarter of 2006, 

as output and hours decreased 2.1 percent and 3.9 percent, respectively. A 2.7-percent increase 

in durable goods manufacturing productivity in the first quarter was the smallest since a 1.1- 

percent rise in the third quarter of 2004. Output edged up 0.4 percent and hours fell 2.3 percent 

in the durable goods industries during the first quarter of 2007. Productivity in nondurable goods 

manufacturing posted a 2.0-percent gain in the first quarter, as output increased 2.9 percent and 

hours of all persons rose 0.8 percent. 

The hourly compensation of all manufacturing workers increased 5.5 percent during the 

first quarter of 2007, and real hourly compensation rose 1.6 percent (seasonally adjusted annual 

rates). The 5.5-percent hourly compensation increase reflected a 6.6-percent jump in durable 

goods hourly compensation and a 3.6 percent gain in compensation per hour in nondurable goods 

industries. 

Because hourly compensation of manufacturing workers rose more rapidly than 

productivity, unit labor costs increased in the first quarter, by 2.7 percent. Unit labor costs 
4 

increased 3.8 percent in durable goods manufacturing; more than in the nondurable goods 

subsector, where these costs rose 1.6 percent. 

Fourth-quarter and annual measures for nonfinancial corporations 

 Fourth-quarter and annual 2006 measures of productivity and costs also were announced 

today for the nonfinancial corporate sector (tables B, C, and 6). Output per all-employee hour 

grew 1.0 percent from the third to the fourth quarter of 2006, as output rose 2.1 percent and 

employee hours increased 1.1 percent. The nonfinancial corporate sector includes all 

corporations doing business in the United States, except those classified as depository 

institutions, nondepository institutions, security and commodity brokers, insurance carriers, 

regulated investment offices, small business investment offices, and real estate investment trusts. 

Table B. Nonfinancial corporations: Fourth-quarter 2006 productivity and cost measures 

(Seasonally adjusted annual rates) 

Period 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Unit 

profits 

Implicit 

price 

deflator 

Percent change from preceding quarter 

2006 IV 1.0 2.1 1.1 8.2 10.5 7.1 -25.6 0.9 

Percent change from same quarter a year ago 

2006 IV 2.6 4.4 1.8 4.9 2.9 2.2 4.6 1.8 

 For the fourth quarter of 2006 hourly compensation in the nonfinancial corporate sector 

increased 8.2 percent, leading to an increase of 7.1 percent in unit labor costs. When consumer 

prices are taken into account, real hourly compensation jumped 10.5 percent. Unit profits fell 

25.6 percent in the fourth quarter of 2006 after posting an increase of 31.8 percent in the 

previous quarter. The implicit price deflator grew 0.9 percent during the fourth quarter of 2006 

after rising 0.5 percent in the third quarter. 

When the annual average for 2006 was compared with that for 2005, labor productivity 

increased 2.5 percent in the nonfinancial corporate sector. From 2000 through 2005, output per 

hour had increased 3.0 percent per year on average. Output increased 4.8 percent in 2006, up 

from 4.0 percent in 2005, and hours rose 2.2 percent, compared with 1.6 percent during the 

previous year. (See table C.) 
5 

Table C. Nonfinancial corporations: Annual changes in productivity and related measures, 1997-

2006 

Measure 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

Productivity........................... 2.6 3.4 3.7 3.9 1.8 4.0 3.8 3.1 2.3 2.5

Output ................................... 6.5 5.7 6.0 5.2 -0.9 0.9 2.2 4.5 4.0 4.8

Hours..................................... 3.8 2.2 2.3 1.3 -2.7 -3.0 -1.5 1.4 1.6 2.2

Hourly compensation ............ 3.0 5.9 4.9 7.1 4.3 3.6 4.1 3.2 4.1 4.7

Real hourly compensation..... 0.8 4.5 2.7 3.7 1.4 1.9 1.8 0.5 0.8 1.4

Unit labor costs ..................... 0.4 2.4 1.2 3.1 2.4 -0.4 0.3 0.1 1.8 2.2

Unit nonlabor costs ............... -0.2 -0.2 0.9 3.8 8.1 -1.6 0.2 -1.2 3.0 -0.5

Total unit costs...................... 0.2 1.7 1.1 3.3 3.9 -0.7 0.3 -0.3 2.1 1.5

Unit profits............................ 2.9 -11.2 -5.8 -15.8 -24.3 19.2 12.1 26.9 12.6 12.2

Implicit price deflator ........... 0.6 0.0 0.3 1.2 1.3 0.6 1.2 2.1 3.3 2.7

Hourly compensation grew 4.7 percent in 2006, and real hourly compensation increased 

1.4 percent. The increase in hourly compensation was the largest in the series since 2000, when 

it had increased 7.1 percent. Total unit costs rose 1.5 percent, reflecting a 2.2-percent increase in 

unit labor costs and a 0.5-percent drop in unit nonlabor costs. Unit profits rose 12.2 percent in 

2006, similar to the 12.6-percent gain one year earlier. The implicit price deflator, which reflects 

both the unit costs and unit profits measures, rose 2.7 percent in 2006. 

Revised measures 

 Current and previous measures for the fourth quarter and annual average of 2006 in the 

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

and nonfarm business sectors, productivity was revised up in the fourth quarter, primarily due to 

upward revisions to output. Hourly compensation was also revised up, which led to slightly 

larger increases in real hourly compensation than were reported March 6. Productivity was 

revised up more than hourly compensation, resulting in downward revisions to unit labor costs in 

the business and nonfarm business sectors. 
6 

Table D. Previous and revised productivity and related measures 

Quarterly percent change at seasonally adjusted annual rate 

Sector 

Productivity Output Hours 

Hourly 

compensation 

Real 

hourly 

compensation 

Unit 

labor 

costs 

Fourth quarter 2006 

Business: 

 Previous........................ 1.0 2.5 1.5 7.5 9.8 6.5 

 Revised......................... 1.5 2.9 1.4 7.7 10.0 6.2 

Nonfarm business: 

 Previous........................ 1.6 2.5 0.9 8.2 10.5 6.6 

 Revised......................... 2.1 2.9 0.8 8.5 10.8 6.2 

Manufacturing: 

 Previous........................ 2.2 -2.1 -4.2 7.1 9.3 4.7 

 Revised......................... 1.9 -2.1 -3.9 6.6 8.9 4.6 

Annual average 2006 

Business: 

 Previous........................ 1.7 3.8 2.1 4.8 1.5 3.1 

 Revised......................... 1.7 3.8 2.1 4.8 1.5 3.1 

Nonfarm business: 

 Previous........................ 1.6 3.8 2.2 4.8 1.5 3.2 

 Revised......................... 1.6 3.8 2.1 4.8 1.5 3.1 

Manufacturing: 

 Previous........................ 4.0 5.0 1.0 3.8 0.5 -0.2 

 Revised......................... 4.0 5.0 1.0 3.7 0.4 -0.2 

Fourth-quarter productivity growth in the manufacturing sector was lower than reported 

March 6. Because hours fell less than reported in March, there were downward revisions to 

hourly compensation, real hourly compensation, and unit labor costs. 

All of the 2006 annual average productivity and cost measures reported for the business 

and nonfarm business sectors and for manufacturing are similar to those reported in March. 

With this release, a revised seasonally adjusted Consumer Price Index Research Series 

prepared by the BLS Office of Prices and Living Conditions for the period 1978 to 2006 has 

been incorporated into our consumer price series. As a result, measures of real hourly 

compensation for all sectors were revised for all years. Annual data appear in appendix table 1. 

Complete quarterly series are available on the BLS website. 

Next release date 

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

Wednesday, June 6, 2007. First-quarter measures for nonfinancial corporations and revised 

first quarter measures for business, nonfarm business, and manufacturing will be released at that 

time. 
7 

TECHNICAL NOTES 

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

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

primary source of hours and employment data is the BLS Current Employment Statistics (CES) 

program, which provides monthly survey data on the number of jobs held by wage and salary workers 

in nonfarm establishments. The CES also provides average weekly paid hours of production and 

nonsupervisory workers in these establishments. Weekly paid hours are adjusted to hours at work 

using data from the National Compensation Survey (NCS). The BLS Hours at Work survey, conducted 

for this purpose, was used for earlier years. The Office of Productivity and Technology estimates 

average weekly hours at work for nonproduction and supervisory workers using information from the 

Current Population Survey (CPS), the CES, and the NCS. 

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

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

the National Income and Product Accounts (NIPA) prepared by the Bureau of Economic Analysis 

(BEA) of the Department of Commerce. 

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

each place of employment. In contrast, the CPS features measures of employment that count each 

person only once and classify each person according to his or her primary job; hours worked at all jobs 

by that person accrue to his or her primary job. However, the CPS also collects more detailed 

information on employment and hours worked at primary jobs and all other jobs, separately. The BLS 

productivity measures use the more detailed information on employment and hours to assign all hours 

worked to the correct industrial sector and avoid duplicating hours data from the CES. 

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

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

households (including owner-occupied housing). Corresponding exclusions also are made in labor 

inputs. Business output accounted for about 78 percent of the value of GDP in 2000. Nonfarm business, 

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

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

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

Census with deflators from the BEA. These deflators are based on data from the BLS producer price 

program and other sources. The industry shipments are aggregated using annual weights, and 

intrasector transactions are removed. Quarterly manufacturing output measures are based on the index 

of industrial production prepared monthly by the Board of Governors of the Federal Reserve System, 

adjusted to be consistent with annual indexes of manufacturing sector output prepared by BLS. 

Durables include the following 3-digit NAICS industries: wood product manufacturing; nonmetallic 

mineral product manufacturing; primary metal manufacturing; fabricated metal product manufacturing; 

machinery manufacturing; computer and electronic product manufacturing; electrical equipment and 

appliance manufacturing; transportation equipment manufacturing; furniture and related product manufacturing; and miscellaneous manufacturing. Nondurables include: food manufacturing; beverage and 

tobacco product manufacturing; textile mills; textile product mills; apparel manufacturing; leather and 

allied product manufacturing; paper manufacturing; printing and related support activities; petroleum 

and coal products manufacturing; chemical manufacturing; and plastics and rubber products 

manufacturing. 

Nonfinancial corporate output is an annual-weighted index calculated on the basis of the costs 

incurred and the incomes earned from production. The output measure excludes the following outputs 

from GDP: general government; nonprofit institutions; private households; unincorporated business; 

and those corporations classified as offices of bank holding companies, offices of other holding 

companies, or offices in the finance and insurance sector. Nonfinancial corporations accounted for 

about 54 percent of the value of GDP in 2000. 

Productivity: These productivity measures describe the relationship between real output and the labor 

time involved in its production. They show the changes from period to period in the amount of goods 

and services produced per hour. Although these measures relate output to hours at work of all persons 

engaged in a sector, they do not measure the specific contribution of labor, capital, or any other factor 
8 

of production. Rather, they reflect the joint effects of many influences, including changes in 

technology; capital investment; level of output; utilization of capacity, energy, and materials; the 

organization of production; managerial skill; and the characteristics and effort of the work force. 

Labor Compensation: Estimates of labor compensation by major sector, required for measures of 

hourly compensation and unit labor costs, are based primarily on employee compensation data from the 

NIPA, prepared by the BEA. The compensation of employees in general government, nonprofit 

institutions and private households are subtracted from compensation of domestic employees to derive 

employee compensation for the business sector. The labor compensation of proprietors cannot be 

explicitly identified and must be estimated. This is done by assuming that proprietors have the same 

hourly compensation as employees in the same sector. The quarterly labor productivity and cost 

measures do not contain estimates of compensation for unpaid family workers. 

Unit Labor Costs: The measures of unit labor costs in this release describe the relationship between 

compensation per hour and productivity, or real output per hour, and can be used as an indicator of 

inflationary pressure on producers. Increases in hourly compensation increase unit labor costs; labor 

productivity increases offset compensation increases and lower unit labor costs. 

Presentation of the data: The quarterly data in this release are presented in three ways; as index 

number series where 1992=100, as percent changes from the corresponding quarter of the previous 

year, and as percent changes from the previous quarter presented at a compound annual rate. Annual 

data are presented both as index number series and percent changes from the previous year. 

 The index numbers and rates of change reported in the productivity and costs news release are 

rounded to one decimal place. All percent changes in this release and on the BLS web site are 

calculated using index numbers to three decimal places. These index numbers are available at the BLS 

web site, http://www.bls.gov/data/home.htm, or by contacting the BLS Division of Major Sector 

Productivity. (Telephone 202—691-5606 or email DPRWEB@BLS.GOV) 

Information in this release will be made available to sensory-impaired individuals upon request. 

Voice phone: 202-691-5606; Federal Relay Service number: 1-800-877-8339. 
9 

Table 1. Business sector: Productivity, hourly compensation, unit labor costs, 

and prices, seasonally adjusted 

 Real 

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

 and hour of of all tion per tion per labor labor pay- price 

 quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4) 

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

 Indexes 1992=100 

2005 I 134.6 157.4 117.0 161.7 r120.5 120.1 127.9 123.0 

 II 134.8 159.0 118.0 161.8 r119.4 120.0 129.9 123.7 

 III 136.2 160.9 118.2 164.7 r119.9 120.9 131.2 124.7 

 IV 136.1 161.7 118.8 165.7 r119.7 121.8 132.4 125.7 

 ANNUAL 135.4 159.8 118.0 163.5 r119.9 120.7 130.4 124.3 

2006 I 137.4 164.3 119.6 170.8 r122.8 124.4 130.2 126.6 

 II 137.7 165.4 120.1 170.2 r120.8 123.6 134.2 127.5 

 III 137.6 166.2 120.8 170.5 r120.2 123.9 134.6 127.9 

 IV r138.1 r167.4 r121.2 r173.7 r123.1 r125.8 r132.2 r128.2 

 ANNUAL r137.7 r165.8 r120.4 r171.3 r121.7 r124.4 r132.8 r127.5 

2007 I 138.6 167.9 121.2 174.6 122.5 126.0 135.0 129.4 

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

 Percent change from previous quarter at annual rate(5) 

2005 I 3.4 4.2 0.8 4.2 r2.2 0.8 6.6 3.0 

 II 0.5 4.1 3.6 0.2 r-3.6 -0.3 6.5 2.3 

 III 4.3 4.9 0.6 7.3 r1.7 2.9 4.1 3.3 

 IV -0.2 1.8 2.1 2.7 r-0.8 2.9 3.5 3.2 

 ANNUAL 2.1 3.7 1.6 4.2 0.8 2.0 4.2 2.9 

2006 I 3.8 6.7 2.8 12.9 r10.7 8.8 -6.3 2.7 

 II 1.0 2.7 1.7 -1.6 r-6.2 -2.6 12.6 3.1 

 III -0.3 1.9 2.2 0.9 r-2.2 1.2 1.2 1.2 

 IV r1.5 r2.9 r1.4 r7.7 r10.0 r6.2 r-6.7 1.0 

 ANNUAL 1.7 3.8 2.1 4.8 1.5 3.1 r1.9 2.6 

2007 I 1.3 1.2 0.0 1.9 -1.9 0.7 8.7 3.7 

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

 Percent change from corresponding quarter of previous year 

2005 I 2.5 3.8 1.3 4.7 1.7 2.2 4.0 2.9 

 II 1.5 3.6 2.0 3.9 0.9 2.3 3.0 2.6 

 III 2.4 3.9 1.5 4.5 r0.8 2.1 4.5 3.0 

 IV 2.0 3.7 1.7 3.6 r-0.1 1.6 5.2 3.0 

 ANNUAL 2.1 3.7 1.6 4.2 0.8 2.0 4.2 2.9 

2006 I 2.1 4.4 2.3 5.7 r1.9 3.5 1.8 2.9 

 II 2.2 4.0 1.8 5.2 1.2 2.9 3.3 3.1 

 III 1.1 3.3 2.2 3.6 r0.2 2.5 2.5 2.5 

 IV r1.5 r3.5 r2.0 4.8 2.8 r3.3 r-0.1 2.0 

 ANNUAL 1.7 3.8 2.1 4.8 1.5 3.1 r1.9 2.6 

2007 I 0.9 2.2 1.3 2.2 -0.3 1.3 3.7 2.2 

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

See footnotes following Table 6. May 3, 2007 

r=revised Source: Bureau of Labor Statistics 
10 

Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, 

and prices, seasonally adjusted 

 Real 

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

 and hour of of all tion per tion per labor labor pay- price 

 quarter all persons Output persons hour (1) hour (2) costs ments (3) deflator (4) 

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

 Indexes 1992=100 

2005 I 133.6 157.6 118.0 160.5 r119.6 120.1 129.4 123.5 

 II 134.1 159.4 118.8 160.8 r118.7 119.9 131.8 124.3 

 III 135.4 161.3 119.1 163.5 r119.1 120.8 133.2 125.3 

 IV 135.2 162.0 119.8 164.5 r118.8 121.7 134.4 126.4 

 ANNUAL 134.6 160.0 118.9 162.3 r119.1 120.6 132.2 124.9 

2006 I 136.3 164.6 120.7 169.6 r121.9 124.4 132.2 127.3 

 II 136.7 165.7 121.2 169.0 r120.0 123.6 136.5 128.3 

 III 136.6 166.5 121.9 169.2 r119.2 123.9 136.7 128.6 

 IV r137.3 r167.7 r122.1 r172.7 r122.3 r125.8 r133.9 r128.8 

 ANNUAL r136.7 r166.1 r121.5 r170.1 r120.8 r124.4 r134.8 128.2 

2007 I 137.9 168.3 122.0 173.7 121.8 126.0 136.4 129.8 

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

 Percent change from previous quarter at annual rate(5) 

2005 I 4.0 4.2 0.3 4.7 r2.7 0.7 7.7 3.3 

 II 1.5 4.4 2.9 0.9 r-2.9 -0.6 7.7 2.5 

 III 3.7 4.9 1.1 6.8 r1.2 3.0 4.2 3.5 

 IV -0.6 1.8 2.3 2.4 r-1.0 3.0 3.7 3.3 

 ANNUAL 2.1 3.8 1.6 4.1 0.8 2.0 4.9 3.1 

2006 I 3.5 6.7 3.0 12.9 r10.7 9.1 -6.3 2.9 

 II 1.2 2.7 1.5 -1.4 -6.1 -2.5 13.5 3.4 

 III -0.5 1.9 2.4 0.6 r-2.5 1.1 0.5 0.8 

 IV r2.1 r2.9 r0.8 r8.5 r10.8 r6.2 r-7.9 0.5 

 ANNUAL 1.6 3.8 r2.1 4.8 1.5 r3.1 r2.0 2.7 

2007 I 1.7 1.4 -0.3 2.3 -1.5 0.6 7.6 3.2 

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

 Percent change from corresponding quarter of previous year 

2005 I 2.4 3.8 1.4 4.6 1.5 2.2 4.7 3.1 

 II 1.5 3.6 2.0 3.9 0.9 2.3 4.0 3.0 

 III 2.4 4.0 1.6 4.5 0.7 2.0 5.2 3.3 

 IV 2.1 3.8 1.6 3.7 0.0 1.5 5.8 3.2 

 ANNUAL 2.1 3.8 1.6 4.1 0.8 2.0 4.9 3.1 

2006 I 2.0 4.4 2.3 5.7 r1.9 3.6 2.2 3.0 

 II 1.9 4.0 2.0 5.1 r1.0 3.1 3.6 3.3 

 III 0.9 3.2 2.3 3.5 r0.1 2.6 2.6 2.6 

 IV r1.6 r3.5 r1.9 r5.0 r2.9 3.4 r-0.4 1.9 

 ANNUAL 1.6 3.8 r2.1 4.8 1.5 r3.1 r2.0 2.7 

2007 I 1.1 2.2 1.1 2.4 0.0 1.3 3.1 2.0 

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

See footnotes following Table 6. May 3, 2007 

r=revised Source: Bureau of Labor Statistics 
11 

Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs, 

seasonally adjusted 

 Real 

 Year Output per Hours Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

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

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

 Indexes 1992=100 

2005 I 168.7 142.2 84.3 166.2 r123.9 98.5 

 II 171.2 143.4 83.8 167.8 r123.9 98.0 

 III 172.6 144.2 83.5 170.7 r124.4 98.9 

 IV 173.9 147.0 84.5 170.9 r123.4 98.2 

 ANNUAL 171.6 144.2 84.0 168.9 r123.9 98.4 

2006 I 175.7 149.1 84.9 176.4 r126.8 100.4 

 II 177.3 151.2 85.3 173.9 r123.5 98.1 

 III 179.9 153.0 85.1 173.9 r122.5 96.7 

 IV r180.7 r152.2 r84.2 r176.7 r125.1 r97.8 

 ANNUAL r178.4 151.4 r84.9 r175.2 r124.4 r98.2 

2007 I 181.9 152.8 84.0 179.0 125.6 98.4 

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

 Percent change from previous quarter at annual rate(5) 

2005 I 6.0 4.9 -1.1 2.0 r0.0 -3.8 

 II 5.9 3.3 -2.4 3.9 r0.0 -1.9 

 III 3.4 2.2 -1.2 7.2 r1.6 3.7 

 IV 3.1 7.9 4.7 0.4 r-3.0 -2.6 

 ANNUAL 4.8 3.6 -1.1 4.7 1.3 -0.1 

2006 I 4.1 6.0 1.9 13.5 r11.3 9.0 

 II 3.8 5.7 1.9 -5.4 -9.9 -8.8 

 III 5.9 4.8 -1.1 -0.2 r-3.3 -5.8 

 IV r1.9 -2.1 r-3.9 r6.6 r8.9 r4.6 

 ANNUAL 4.0 5.0 1.0 r3.7 r0.4 -0.2 

2007 I 2.7 1.5 -1.1 5.5 1.6 2.7 

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

 Percent change from corresponding quarter of previous year 

2005 I 4.4 3.0 -1.3 5.5 2.5 1.1 

 II 5.0 3.4 -1.5 5.0 2.0 0.0 

 III 5.2 3.5 -1.6 4.8 1.0 -0.4 

 IV 4.6 4.6 0.0 3.4 -0.4 -1.2 

 ANNUAL 4.8 3.6 -1.1 4.7 1.3 -0.1 

2006 I 4.1 4.9 0.7 6.1 r2.3 2.0 

 II 3.6 5.5 1.8 3.7 r-0.3 0.1 

 III 4.2 6.1 1.8 1.8 r-1.5 -2.3 

 IV r3.9 3.6 r-0.3 r3.4 r1.4 -0.5 

 ANNUAL 4.0 5.0 1.0 r3.7 r0.4 -0.2 

2007 I 3.6 2.4 -1.1 1.5 -0.9 -2.0 

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

See footnotes following Table 6. May 3, 2007 

r=revised Source: Bureau of Labor Statistics 
12 

Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs, 

seasonally adjusted 

 Real 

 Year Output per Hours Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

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

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

 Indexes 1992=100 

2005 I 190.7 169.5 88.9 161.7 r120.5 84.8 

 II 193.6 171.5 88.6 162.8 r120.2 84.1 

 III 196.8 174.4 88.6 165.9 r120.9 84.3 

 IV 200.9 180.4 89.8 165.7 r119.7 82.5 

 ANNUAL 195.5 174.0 89.0 164.0 r120.3 83.9 

2006 I 203.0 182.9 90.1 171.9 r123.5 84.7 

 II 205.9 187.0 90.9 169.7 r120.5 82.4 

 III 209.9 189.6 90.3 169.7 r119.6 80.8 

 IV r211.5 r188.9 r89.3 r172.8 r122.4 r81.7 

 ANNUAL r207.5 r187.1 r90.1 r171.0 r121.4 r82.4 

2007 I 212.9 189.1 88.8 175.6 123.2 82.5 

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

 Percent change from previous quarter at annual rate(5) 

2005 I 6.0 5.8 -0.2 0.3 r-1.6 -5.4 

 II 6.2 4.8 -1.4 2.7 r-1.2 -3.3 

 III 6.8 6.9 0.1 7.9 r2.2 1.0 

 IV 8.7 14.6 5.4 -0.6 r-3.9 -8.5 

 ANNUAL 5.1 4.9 -0.2 3.9 0.6 -1.1 

2006 I 4.1 5.5 1.4 15.9 r13.6 11.3 

 II 5.9 9.4 3.3 -5.1 -9.6 -10.4 

 III 8.1 5.5 -2.4 0.1 r-2.9 -7.4 

 IV r3.0 r-1.4 r-4.3 7.4 9.7 r4.3 

 ANNUAL 6.2 r7.5 1.3 4.3 r0.9 -1.8 

2007 I 2.7 0.4 -2.3 6.6 2.6 3.8 

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

 Percent change from corresponding quarter of previous year 

2005 I 3.2 2.7 -0.4 5.3 r2.3 2.1 

 II 4.4 4.0 -0.4 4.1 1.1 -0.3 

 III 5.9 5.1 -0.7 3.8 0.0 -2.0 

 IV 6.9 8.0 0.9 2.5 -1.1 -4.1 

 ANNUAL 5.1 4.9 -0.2 3.9 0.6 -1.1 

2006 I 6.4 7.9 1.4 6.3 r2.5 -0.1 

 II 6.4 9.1 2.5 4.2 r0.2 -2.0 

 III 6.7 8.7 1.9 2.3 r-1.1 -4.1 

 IV r5.2 r4.7 -0.5 4.3 2.3 r-0.9 

 ANNUAL 6.2 r7.5 1.3 4.3 r0.9 -1.8 

2007 I 4.9 3.4 -1.4 2.1 -0.3 -2.6 

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

See footnotes following Table 6. May 3, 2007 

r=revised Source: Bureau of Labor Statistics 
13 

Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs, 

seasonally adjusted 

 Real 

 Year Output per Hours Compensa- compensa- Unit 

 and hour of of all tion per tion per labor 

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

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

 Indexes 1992=100 

2005 I 147.1 113.9 77.4 172.5 r128.6 117.2 

 II 149.3 114.3 76.6 175.0 r129.2 117.2 

 III 149.5 113.5 75.9 177.5 r129.3 118.7 

 IV 148.6 113.8 76.6 178.4 r128.9 120.1 

 ANNUAL 148.6 113.9 76.6 175.9 r129.0 118.3 

2006 I 150.0 115.6 77.1 182.4 r131.1 121.6 

 II 150.8 116.1 77.0 179.4 r127.4 119.0 

 III 151.8 117.3 77.2 179.2 r126.2 118.0 

 IV r151.9 r116.4 r76.6 r181.4 r128.5 r119.4 

 ANNUAL r151.1 r116.3 r77.0 r180.6 r128.3 r119.5 

2007 I 152.7 117.2 76.8 183.1 128.4 119.9 

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

 Percent change from previous quarter at annual rate(5) 

2005 I 6.4 3.8 -2.5 5.1 r3.0 -1.2 

 II 6.1 1.6 -4.2 6.1 r2.1 -0.1 

 III 0.6 -2.8 -3.4 5.8 r0.2 5.1 

 IV -2.5 0.9 3.5 2.1 r-1.3 4.7 

 ANNUAL 5.0 2.1 -2.7 5.9 2.5 0.9 

2006 I 3.8 6.6 2.7 9.2 r7.1 5.2 

 II 2.2 1.7 -0.6 -6.3 -10.8 -8.4 

 III 2.7 4.1 1.4 -0.5 r-3.6 -3.1 

 IV r0.3 r-2.9 r-3.2 r5.1 r7.3 r4.8 

 ANNUAL 1.7 r2.2 r0.5 r2.7 r-0.6 1.0 

2007 I 2.0 2.9 0.8 3.6 -0.2 1.6 

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

 Percent change from corresponding quarter of previous year 

2005 I 6.3 3.4 -2.7 5.8 2.7 -0.4 

 II 6.2 2.8 -3.2 6.6 3.6 0.4 

 III 4.9 1.5 -3.2 6.4 2.6 1.4 

 IV 2.6 0.9 -1.7 4.7 1.0 2.1 

 ANNUAL 5.0 2.1 -2.7 5.9 2.5 0.9 

2006 I 1.9 1.5 -0.4 5.7 r1.9 3.7 

 II 1.0 1.5 0.5 2.5 r-1.4 1.5 

 III 1.5 3.3 1.8 0.9 r-2.4 -0.6 

 IV r2.2 r2.3 r0.1 r1.7 r-0.3 r-0.5 

 ANNUAL 1.7 r2.2 r0.5 r2.7 r-0.6 1.0 

2007 I 1.8 1.4 -0.4 0.4 -2.0 -1.4 

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

See footnotes following Table 6. May 3, 2007 

r=revised Source: Bureau of Labor Statistics 
14 

Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits, 

and prices, seasonally adjusted 

 Output Hourly Real Unit Total Unit Implicit 

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

 and employee Employee sation compen- labor labor costs fits deflator 

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

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

 Indexes 1992=100 

2004 I 137.4 159.5 116.0 151.8 r116.5 110.5 109.2 110.1 131.3 112.0 

 II 138.2 160.6 116.2 153.2 r116.4 110.8 109.7 110.5 139.7 113.1 

 III 139.7 163.2 116.8 154.9 r117.1 110.9 109.8 110.6 143.1 113.5 

 IV 139.8 164.0 117.3 157.0 r117.6 112.3 110.2 111.7 143.6 114.6 

 ANNUAL 138.8 161.8 116.6 154.2 r116.9 111.1 109.7 110.7 139.5 113.3 

2005 I 141.2 165.6 117.3 158.7 r118.3 112.4 111.5 112.2 150.2 115.6 

 II 142.1 168.0 118.2 159.1 r117.4 111.9 111.9 111.9 161.4 116.4 

 III 142.2 168.9 118.8 161.8 r117.9 113.8 114.9 114.1 152.9 117.6 

 IV 142.3 170.4 119.7 162.8 r117.6 114.4 113.3 114.1 163.7 118.5 

 ANNUAL 142.0 168.2 118.5 160.6 r117.8 113.1 112.9 113.1 157.1 117.0 

2006 I 145.9 175.6 120.4 167.4 r120.3 114.7 111.1 113.8 177.3 119.4 

 II 144.3 174.4 120.9 167.1 r118.6 115.8 113.7 115.2 172.1 120.3 

 III 145.7 177.0 121.5 167.5 r118.0 114.9 112.1 114.2 184.4 120.4 

 IV 146.1 177.9 121.8 170.8 121.0 116.9 112.6 115.8 171.2 120.7 

 ANNUAL 145.5 176.2 121.1 168.2 119.4 115.6 112.4 114.7 176.3 120.2 

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

 Percent change from previous quarter at annual rate(5) 

2004 I 2.3 5.0 2.6 -0.4 r-3.8 -2.7 -3.0 -2.8 54.5 1.8 

 II 2.3 2.8 0.6 3.7 r-0.5 1.4 1.8 1.5 28.0 4.1 

 III 4.3 6.6 2.2 4.5 r2.2 0.2 0.4 0.2 10.2 1.3 

 IV 0.4 2.0 1.5 5.6 2.0 5.2 1.5 4.2 1.3 3.8 

 ANNUAL 3.1 4.5 1.4 3.2 0.5 0.1 -1.2 -0.3 26.9 2.1 

2005 I 4.0 4.1 0.1 4.4 r2.4 0.4 5.0 1.6 19.7 3.5 

 II 2.6 5.7 3.1 0.9 r-2.9 -1.6 1.5 -0.8 33.6 2.8 

 III 0.1 2.2 2.0 7.1 1.5 7.0 11.1 8.1 -19.6 4.3 

 IV 0.5 3.6 3.1 2.5 r-0.9 2.0 -5.4 0.0 31.2 3.3 

 ANNUAL 2.3 4.0 1.6 4.1 0.8 1.8 3.0 2.1 12.6 3.3 

2006 I 10.4 13.0 2.3 11.8 r9.6 1.2 -7.7 -1.2 37.9 3.1 

 II -4.4 -2.7 1.7 -0.8 r-5.5 3.7 9.6 5.3 -11.4 2.9 

 III 4.1 6.1 1.9 1.1 r-2.1 -2.9 -5.4 -3.6 31.8 0.5 

 IV 1.0 2.1 1.1 8.2 10.5 7.1 1.9 5.7 -25.6 0.9 

 ANNUAL 2.5 4.8 2.2 4.7 1.4 2.2 -0.5 1.5 12.2 2.7 

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

 Percent change from corresponding quarter of previous year 

2004 I 4.0 4.7 0.7 3.8 r2.0 -0.2 -3.1 -1.0 27.5 1.4 

 II 3.3 4.5 1.2 2.9 0.1 -0.3 -1.2 -0.6 32.1 2.2 

 III 2.8 4.7 1.8 2.7 0.0 -0.1 -0.8 -0.3 26.9 2.2 

 IV 2.3 4.1 1.7 3.3 r-0.1 1.0 0.2 0.8 21.9 2.8 

 ANNUAL 3.1 4.5 1.4 3.2 0.5 0.1 -1.2 -0.3 26.9 2.1 

2005 I 2.8 3.9 1.1 4.5 1.5 1.7 2.2 1.9 14.4 3.2 

 II 2.8 4.6 1.7 3.8 0.9 1.0 2.1 1.3 15.6 2.9 

 III 1.8 3.5 1.7 4.5 0.7 2.7 4.7 3.2 6.8 3.6 

 IV 1.8 3.9 2.1 3.7 0.0 1.9 2.9 2.1 14.0 3.5 

 ANNUAL 2.3 4.0 1.6 4.1 0.8 1.8 3.0 2.1 12.6 3.3 

2006 I 3.3 6.0 2.6 5.5 r1.7 2.1 -0.4 1.4 18.1 3.4 

 II 1.5 3.8 2.3 5.0 r1.0 3.5 1.5 2.9 6.6 3.4 

 III 2.5 4.8 2.2 3.5 r0.1 1.0 -2.5 0.0 20.6 2.4 

 IV 2.6 4.4 1.8 4.9 2.9 2.2 -0.6 1.5 4.6 1.8 

 ANNUAL 2.5 4.8 2.2 4.7 1.4 2.2 -0.5 1.5 12.2 2.7 

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

See footnotes following Table 6. May 3, 2007 

r=revised Source: Bureau of Labor Statistics 
15 

SOURCES: Output data are from the Bureau of Economic Analysis and the Census 

Bureau of the U.S. Department of Commerce; the Bureau of Labor Statistics, U.S. 

Department of Labor; and the Federal Reserve Board. Compensation and hours data are 

from the Bureau of Labor Statistics and the Bureau of Economic Analysis. 

RELIABILITY: Productivity and cost measures are regularly revised as more complete 

information becomes available. The measures are first published within 40 days of the 

close of the reference period; revisions appear 30 days later, and second revisions after an 

additional 60 days. In the business sector, the third publication (second revision) of a 

quarterly index of output per hour of all persons has differed from the initial value by 

between –1.4 and +1.3 index points approximately 95 percent of the time. This interval 

is based on the performance of this measure between the fourth quarter of 1995 and the 

fourth quarter of 2006. 

Footnotes, Tables 1-6

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

and private benefit plans. Except for nonfinancial corporations, where there are 

no 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 1978-2006 is based on the Consumer Price 

Index research series (CPI-U-RS). 

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

production and imports less subsidies, net interest and miscellaneous payments, 

business current transfer payments, rental income of persons, and the current 

surplus of government enterprises. 

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

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

rather than index numbers. Annual changes: Percent change between annual 

average levels. 

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

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

current transfer payments. 

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

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

consumption adjustments.
16 

Appendix table 1. All sectors: Real hourly compensation 

 Total Durable Nondurable 

 Nonfarm Nonfinancial Manufac- Manufac- ManufacYear Business Business Corporate turing turing turing 

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

 Indexes 1992=100 

 1947 r41.1 r43.7 N.A. N.A. N.A. N.A. 

 1948 r41.2 r43.9 N.A. N.A. N.A. N.A. 

 1949 r42.3 r45.8 N.A. N.A. N.A. N.A. 

 1950 r44.7 r47.9 N.A. N.A. N.A. N.A. 

 1951 r45.4 r48.3 N.A. N.A. N.A. N.A. 

 1952 r47.3 r49.9 N.A. N.A. N.A. N.A. 

 1953 r50.0 r52.3 N.A. N.A. N.A. N.A. 

 1954 r51.2 r53.6 N.A. N.A. N.A. N.A. 

 1955 r52.7 r55.8 N.A. N.A. N.A. N.A. 

 1956 r55.3 r58.3 N.A. N.A. N.A. N.A. 

 1957 r57.0 r59.7 N.A. N.A. N.A. N.A. 

 1958 r57.9 r60.4 r67.8 N.A. N.A. N.A. 

 1959 r59.9 r62.3 r69.9 N.A. N.A. N.A. 

 1960 r61.3 r63.9 r71.4 N.A. N.A. N.A. 

 1961 r63.1 r65.3 r73.0 N.A. N.A. N.A. 

 1962 r65.2 r67.3 r75.1 N.A. N.A. N.A. 

 1963 r66.6 r68.7 r76.4 N.A. N.A. N.A. 

 1964 r68.3 r69.9 r76.8 N.A. N.A. N.A. 

 1965 r69.7 r71.1 r77.8 N.A. N.A. N.A. 

 1966 r72.3 r73.2 r79.9 N.A. N.A. N.A. 

 1967 r74.1 r75.2 r81.8 N.A. N.A. N.A. 

 1968 r76.9 r77.8 r84.5 N.A. N.A. N.A. 

 1969 r78.0 r78.8 r85.6 N.A. N.A. N.A. 

 1970 r79.5 r79.8 r86.6 N.A. N.A. N.A. 

 1971 r80.9 r81.4 r88.1 N.A. N.A. N.A. 

 1972 r83.3 r84.0 r90.0 N.A. N.A. N.A. 

 1973 r85.1 r85.5 r91.2 N.A. N.A. N.A. 

 1974 r84.0 r84.5 r90.0 N.A. N.A. N.A. 

 1975 r84.8 r85.2 r90.5 N.A. N.A. N.A. 

 1976 r87.1 r87.4 r92.6 N.A. N.A. N.A. 

 1977 r88.3 r88.7 r93.8 N.A. N.A. N.A. 

 1978 r89.7 r90.3 r95.9 N.A. N.A. N.A. 

 1979 r89.9 r90.2 r95.5 N.A. N.A. N.A. 

 1980 r89.6 r90.0 r94.7 N.A. N.A. N.A. 

 1981 r89.6 r90.2 r94.3 N.A. N.A. N.A. 

 1982 r90.6 r91.1 r94.7 N.A. N.A. N.A. 

 1983 r90.6 r91.1 r94.3 N.A. N.A. N.A. 

 1984 r90.7 r91.1 r94.3 N.A. N.A. N.A. 

 1985 r91.9 r92.1 r95.4 N.A. N.A. N.A. 

 1986 r94.9 r95.2 r98.3 N.A. N.A. N.A. 

 1987 r95.2 r95.5 r98.3 r98.0 r98.0 r97.4 

 1988 r96.5 r96.7 r98.8 r97.8 r97.3 r98.0 

 1989 r95.0 r95.1 r97.0 r96.6 r95.8 r97.2 

 1990 r96.2 r96.0 r96.8 r96.1 r95.0 r97.4 

 1991 r97.5 r97.4 r97.9 r98.0 r97.3 r99.0 

 1992 100.0 100.0 100.0 100.0 100.0 100.0 

 1993 r99.7 r99.5 r99.3 r99.5 r99.4 r99.7 

 1994 r99.0 r99.1 r98.9 r100.6 r100.7 r100.1 

 1995 r98.7 r98.8 r98.3 r100.1 r99.5 r100.6 

 1996 r99.5 r99.5 r98.6 r99.4 r98.2 r100.7 

 1997 r100.5 r100.4 r99.4 r99.8 r98.4 r101.5 

 1998 r105.2 r104.9 r103.8 r104.2 r102.7 r105.6 

 1999 r108.0 r107.5 r106.6 r106.0 r105.2 r106.2 

 2000 r112.0 r111.6 r110.6 r112.0 r111.6 r110.8 

 2001 r113.5 r112.8 r112.1 r111.5 r110.3 r112.1 

 2002 r115.7 r115.1 r114.3 r117.7 r115.5 r120.7 

 2003 r117.7 r117.1 r116.3 r123.2 r122.0 r124.1 

 2004 r119.0 r118.2 r116.9 r122.3 r119.7 r125.9 

 2005 r119.9 r119.1 r117.8 r123.9 r120.3 r129.0 

 2006 r121.7 r120.8 r119.4 r124.4 r121.4 r128.3 --------------------------------------------------------------------------------------------------------------------------------------------------- 

See footnotes following Table 6. May 3, 2007 

r=revised Source: Bureau of Labor Statistics