Transmission of material in this release is embargoed until USDL-12-0162 

8:30 a.m. (EST) Thursday, February 2, 2012 

Technical information: (202) 691-5606 • dprweb@bls.gov • www.bls.gov/lpc

Media contact: (202) 691-5902 • PressOffice@bls.gov

PRODUCTIVITY AND COSTS

Fourth Quarter and Annual Averages 2011, Preliminary

Nonfarm business sector labor productivity increased at a 0.7 percent annual rate during the fourth 

quarter of 2011, the U.S. Bureau of Labor Statistics reported today. The gain in productivity reflects 

increases of 3.6 percent in output and 2.9 percent in hours worked. (All quarterly percent changes in this 

release are seasonally adjusted annual rates.) From the fourth quarter of 2010 to the fourth quarter of 

2011, productivity grew 0.5 percent, as output rose 2.3 percent and hours rose 1.8 percent. (See chart 1

and table A.) Annual average productivity increased 0.7 percent from 2010 to 2011. (See table C.) 

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of 

hours worked of all persons, including employees, proprietors, and unpaid family workers. 

Unit labor costs in nonfarm businesses increased 1.2 percent in the fourth quarter of 2011, as 

productivity grew at a slower rate (0.7 percent) than hourly compensation (1.9 percent). Unit labor costs 

rose 1.3 percent over the last four quarters. (See chart 2 and table A.) Annual average unit labor costs 

increased 1.2 percent from 2010 to 2011. (See table C.) 

BLS defines unit labor costs as the ratio of hourly compensation to labor productivity; increases in 

hourly compensation tend to increase unit labor costs and increases in output per hour tend to reduce 

them. 

Manufacturing sector productivity declined 0.4 percent in the fourth quarter of 2011, as output rose 

3.8 percent and hours worked increased 4.2 percent; this is the largest quarterly gain in hours worked 

since the fourth quarter of 2005 (4.8 percent). Over the last four quarters, manufacturing productivity 

increased 1.7 percent. Annual average productivity grew 2.8 percent from 2010 to 2011. Unit labor 

Chart 1. Output per hour, nonfarm business, all persons, 

2006Q1 – 2011Q4

-7.0

-5.0

-3.0

-1.0

1.0

3.0

5.0

7.0

9.0

2006 2007 2008 2009 2010 2011

From previous quarter, annual rate

From same quarter a year ago -7.0

-5.0

-3.0

-1.0

1.0

3.0

5.0

7.0

9.0

2006 2007 2008 2009 2010 2011

From previous quarter, annual rate

From same quarter a year ago

Percent change Percent change

Chart 2. Unit labor costs, nonfarm business, all persons, 

2006Q1 – 2011Q4
-2- 

costs in manufacturing increased 1.6 percent in the fourth quarter of 2011 but decreased 1.1 percent 

from the same quarter a year ago. (See tables A, C and 3.) 

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

those used in preparing the business and nonfarm business output series, and these measures are not 

directly comparable. See Technical Notes for further information on data sources (page 4). 

Table C presents annual averages for the most recent five years for the nonfarm business sector and 

total manufacturing sector. Nonfarm business sector productivity grew 0.7 percent in 2011, as output 

and hours increased 2.4 percent and 1.7 percent, respectively. The increase in hours worked is the first 

annual increase in the measure since 2007. Because productivity grew more slowly than hourly 

compensation (1.9 percent), unit labor costs rose in 2011(1.2 percent). Real hourly compensation, which 

takes into account changes in consumer prices, fell 1.2 percent in 2011—the largest decline in the annual 

series since a 1.7 percent decline in 1989. 

In the manufacturing sector, productivity grew 2.8 percent in 2011, reflecting a 4.9 percent increase in 

output combined with a 2.0 percent increase in hours; this is the largest annual increase in manufacturing 

sector hours since a 2.3 percent gain in 1994. Unit labor costs in the manufacturing sector fell 1.3 

percent in 2011. 

Revised measures

Revised and previous measures for the third quarter of 2011 are shown in tables B and D and cover the

following major sectors: nonfarm business, business, manufacturing, and nonfinancial corporations. 

Measures for the nonfinancial corporate sector include historically revised gross product of nonfinancial 

corporate business in chained (2005) dollars, published December 22, 2011 by the Bureau of Economic 

Analysis of the U.S. Department of Commerce. 

In the third quarter of 2011, nonfarm business productivity growth was 1.9 percent, reflecting a 

downward revision to output and a slight upward revision to hours. (See table B.) Unit labor costs for the 

nonfarm business sector fell 2.1 percent in the third quarter, less than previously reported. 

In the nonfinancial corporate (NFC) sector, quarterly percent changes in productivity and unit labor 

costs were not revised for the third quarter, although indexes for these and other measures related to 

output were revised historically.

Effective with this release, measures for the NFC sector, previously beginning in 1958, have been 

extended back to 1947. These newly-introduced data for the pre-1958 period are based upon the same 

methodology and data sources as those for 1958 forward. Nonfinancial corporate sector productivity 

grew at a 2.4 percent average annual rate from 1947 to 2010. 

Quarterly and annual data for all sectors from 2009 to 2011 appear in tables 1-6 and revised historical 

annual data for the nonfinancial corporate sector in appendix table 1. Full historical measures can be 

found on the productivity and costs home page at http://www.bls.gov/lpc/#data. 

___________ 

The revised Productivity and Costs press release for the fourth quarter 2011 is scheduled to be 

released on Wednesday, March 7, 2012 at 8:30 a.m. (EST).

Data in this release do not reflect the annual benchmark revision of the BLS Current Employment 

Statistics program data to be released February 3, 2012. This benchmark will be incorporated in our next 

release on March 7, 2012.
-3- 

Table A. Preliminary fourth-quarter 2011 measures: percent change from previous quarter at annual rate (Q to Q) and from same quarter a year 

ago (Y to Y) 

Sector

 Nonfarm

 Business Business Manufacturing

 Durable

 Manufacturing

 Nondurable

 Manufacturing

Q to Q Y to Y Q to Q Y to Y Q to Q Y to Y Q to Q Y to Y Q to Q Y to Y

Productivity 0.7 0.5 0.6 0.2 -0.4 1.7 -0.4 3.0 1.3 1.6

Output 3.6 2.3 3.5 2.0 3.8 4.3 6.3 7.4 1.5 1.2

Hours 2.9 1.8 2.9 1.8 4.2 2.5 6.7 4.3 0.2 -0.4

Hourly compensation 1.9 1.7 2.0 1.7 1.2 0.6 0.2 -0.2 2.7 1.8

Real hourly compensation 1.0 -1.5 1.1 -1.6 0.3 -2.6 -0.8 -3.4 1.7 -1.5

Unit labor costs 1.2 1.3 1.4 1.5 1.6 -1.1 0.6 -3.0 1.4 0.2

Table B. Revised and previous measures: third quarter 2011 

Sector

 Nonfarm

 Business Business Manufacturing

 Durable

 Manufacturing

 Nondurable

 Manufacturing

Revised Previous Revised Previous Revised Previous Revised Previous Revised Previous

Percent change, annual rate

Productivity 1.9 2.3 1.5 1.9 5.3 5.0 8.7 9.5 1.6 0.1

Output 2.8 3.2 2.7 3.0 5.0 4.6 7.8 8.3 2.3 1.0

Hours 0.9 0.8 1.1 1.0 -0.3 -0.4 -0.9 -1.1 0.6 0.9

Hourly compensation -0.3 -0.2 -0.6 -0.5 -0.6 -0.4 -0.2 0.2 -1.2 -1.3

Real hourly compensation -3.2 -3.2 -3.5 -3.5 -3.5 -3.4 -3.1 -2.8 -4.1 -4.2

Unit labor costs -2.1 -2.5 -2.1 -2.4 -5.6 -5.1 -8.2 -8.5 -2.8 -1.4

Table C. Annual average changes in productivity and related measures: 2007-2011 

Sector Nonfarm Business Manufacturing

2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

Productivity 1.5 0.6 2.3 4.1 0.7 3.9 -0.5 0.5 6.1 2.8

Output 2.1 -1.5 -5.1 4.0 2.4 2.2 -4.4 -12.5 6.0 4.9

Hours 0.6 -2.1 -7.2 -0.1 1.7 -1.7 -4.0 -13.0 0.0 2.0

Hourly compensation 4.0 3.4 1.6 2.1 1.9 3.2 4.3 4.5 1.6 1.5

Real hourly compensation 1.1 -0.4 2.0 0.4 -1.2 0.4 0.4 4.9 0.0 -1.7

Unit labor costs 2.4 2.8 -0.7 -2.0 1.2 -0.7 4.8 4.0 -4.2 -1.3

Table D. Nonfinancial corporations: revised third-quarter 2011 productivity and cost measures

Productivity Output Hours

Hourly 

compensation

Real hourly 

compensation

Unit labor 

costs Unit profits

Implicit price 

deflator

Percent change, annual rate, third quarter 2011

Revised -2.6 -0.8 1.9 0.3 -2.7 3.0 7.7 3.8

Previous -2.6 -0.8 1.9 0.3 -2.6 3.0 7.5 3.7
-4- 

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 a chain-type, current-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 75 percent of the value of GDP in 2010. Nonfarm 

business, which excludes farming, accounted for about 74 percent of GDP in 2010. 

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

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

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

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

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

production prepared monthly by the Board of Governors of the Federal Reserve System, adjusted to be 

consistent with annual indexes of manufacturing sector output prepared by BLS. Durables include the 

following 3-digit NAICS industries: wood product manufacturing; nonmetallic mineral product 

manufacturing; primary metal manufacturing; fabricated metal product manufacturing; machinery 

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

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

and miscellaneous 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 a chain-type, current-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 48 percent of the value of GDP in 2010. 

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; 
-5- 

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: The measure includes accrued wages and salaries, supplements, employer 

contributions to employee benefit plans, and taxes. 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 percent 

changes from the previous quarter presented at a compound annual rate, as percent changes from the 

corresponding quarter of the previous year, and as index number series where 2005=100. 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, 

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.
-6- 

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

seasonally adjusted

 Real

 Output Compen- compen- Unit Implicit

Year per hour Hours sation sation Unit nonlabor price

and of all of all per hour per hour labor payments deflator

quarter persons Output persons (1) (2) costs (3) (4)

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

 Percent change from previous quarter at annual rate(5)

2011 ANNUAL 0.4 2.1 1.7 1.9 -1.2 1.5 3.8 2.4 

2011 IV 0.6 3.5 2.9 2.0 1.1 1.4 -2.0 -0.1 

 III 1.5 r 2.7 r 1.1 r -0.6 r -3.5 -2.1 r 9.2 r 2.6 r

 II 0.1 1.7 1.6 0.2 -3.8 0.1 6.8 2.9 

 I -1.4 0.3 1.7 5.4 0.1 6.8 -2.2 2.9 

2010 ANNUAL 4.1 3.9 -0.1 2.0 0.4 -2.0 6.1 1.3 

2010 IV 1.7 3.2 1.5 0.4 -2.2 -1.3 7.3 2.2 

 III 2.5 3.7 1.2 2.2 0.7 -0.3 3.2 1.1 

 II 1.1 4.7 3.6 2.4 2.9 1.2 2.8 1.9 

 I 4.3 5.1 0.8 1.2 0.0 -2.9 9.0 1.8 

2009 ANNUAL 2.4 -4.9 -7.1 1.6 2.0 -0.8 3.1 0.7 

2009 IV 5.3 5.0 -0.3 1.2 -1.6 -3.9 9.0 1.1 

 III 7.0 1.8 -4.9 2.7 -0.9 -4.0 7.3 0.3 

 II 8.0 -1.0 -8.4 6.6 4.6 -1.3 -1.0 -1.2 

 I 1.5 -8.5 -9.8 -2.7 -0.4 -4.1 10.5 1.4 

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

 Percent change from corresponding quarter of previous year

2011 ANNUAL 0.4 2.1 1.7 1.9 -1.2 1.5 3.8 2.4 

2011 IV 0.2 2.0 1.8 1.7 -1.6 1.5 2.8 2.1 

 III 0.5 r 2.0 1.5 1.3 -2.4 0.8 r 5.2 2.6 

 II 0.7 2.2 1.5 2.0 -1.3 1.3 3.7 2.3 

 I 1.0 3.0 2.0 2.6 0.4 1.6 2.7 2.0 

2010 ANNUAL 4.1 3.9 -0.1 2.0 0.4 -2.0 6.1 1.3 

2010 IV 2.4 4.2 1.8 1.5 0.3 -0.8 5.5 1.8 

 III 3.3 4.6 1.3 1.7 0.5 -1.5 6.0 1.5 

 II 4.4 4.1 -0.3 1.9 0.1 -2.4 7.0 1.3 

 I 6.2 2.7 -3.3 2.9 0.5 -3.1 6.0 0.5 

2009 ANNUAL 2.4 -4.9 -7.1 1.6 2.0 -0.8 3.1 0.7 

2009 IV 5.4 -0.8 -5.9 1.9 0.4 -3.3 6.3 0.4 

 III 3.3 -5.1 -8.1 2.0 3.7 -1.2 1.8 0.0 

 II 1.3 -6.8 -8.0 2.2 3.2 0.9 0.5 0.8 

 I -0.1 -6.5 -6.4 0.3 0.5 0.4 4.0 1.8 

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

 Indexes 2005=100

2011 ANNUAL 110.5 104.7 94.8 118.0 102.4 106.8 120.7 112.3 

2011 IV 111.0 106.0 95.5 118.3 101.9 106.6 121.8 112.6 

 III 110.8 r 105.1 r 94.9 r 117.7 r 101.6 r 106.3 r 122.5 r 112.7 r

 II 110.4 104.4 94.6 117.9 102.5 106.8 119.8 111.9 

 I 110.4 104.0 94.2 117.9 103.5 106.8 117.8 111.2 

2010 ANNUAL 110.0 102.5 93.2 115.8 103.6 105.3 116.3 109.6 

2010 IV 110.7 103.9 93.8 116.3 103.5 105.0 118.5 110.4 

 III 110.3 103.1 93.5 116.2 104.1 105.4 116.4 109.7 

 II 109.6 102.1 93.2 115.6 103.9 105.5 115.5 109.4 

 I 109.3 101.0 92.4 114.9 103.1 105.1 114.7 108.9 

2009 ANNUAL 105.7 98.7 93.4 113.5 103.3 107.4 109.6 108.3 

2009 IV 108.2 99.7 92.2 114.6 103.1 105.9 112.3 108.4 

 III 106.8 98.5 92.3 114.2 103.5 107.0 109.9 108.1 

 II 105.0 98.1 93.4 113.5 103.8 108.1 108.0 108.1 

 I 103.0 98.3 95.5 111.7 102.6 108.5 108.2 108.4 

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics
-7- 

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

seasonally adjusted

 Real

 Output Compen- compen- Unit Implicit

Year per hour Hours sation sation Unit nonlabor price

and of all of all per hour per hour labor payments deflator

quarter persons Output persons (1) (2) costs (3) (4)

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

 Percent change from previous quarter at annual rate(5)

2011 ANNUAL 0.7 2.4 1.7 1.9 -1.2 1.2 3.2 2.1 

2011 IV 0.7 3.6 2.9 1.9 1.0 1.2 -1.1 0.2 

 III 1.9 r 2.8 r 0.9 r -0.3 r -3.2 -2.1 r 9.0 r 2.5 r

 II -0.1 1.8 2.0 -0.2 -4.1 -0.1 6.7 2.7 

 I -0.6 0.9 1.5 5.6 0.3 6.2 -3.1 2.2 

2010 ANNUAL 4.1 4.0 -0.1 2.1 0.4 -2.0 5.7 1.1 

2010 IV 2.2 3.8 1.5 0.6 -2.1 -1.6 6.4 1.7 

 III 2.1 3.5 1.4 1.9 0.4 -0.2 2.0 0.7 

 II 1.2 4.6 3.4 2.6 3.1 1.4 3.0 2.0 

 I 4.6 5.2 0.5 1.4 0.2 -3.1 8.8 1.6 

2009 ANNUAL 2.3 -5.1 -7.2 1.6 2.0 -0.7 3.8 1.1 

2009 IV 5.5 5.6 0.1 1.2 -1.5 -4.1 7.7 0.5 

 III 6.5 1.4 -4.8 2.3 -1.3 -3.9 8.1 0.6 

 II 8.0 -1.1 -8.4 6.7 4.7 -1.2 -1.3 -1.2 

 I 1.3 -8.7 -9.9 -2.7 -0.4 -4.0 12.1 2.0 

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

 Percent change from corresponding quarter of previous year

2011 ANNUAL 0.7 2.4 1.7 1.9 -1.2 1.2 3.2 2.1 

2011 IV 0.5 2.3 1.8 1.7 -1.5 1.3 2.7 1.9 

 III 0.8 r 2.3 r 1.5 r 1.4 -2.3 0.5 r 4.6 r 2.2 

 II 0.9 2.5 1.6 1.9 -1.4 1.0 2.9 1.8 

 I 1.2 3.2 1.9 2.6 0.4 1.4 2.0 1.7 

2010 ANNUAL 4.1 4.0 -0.1 2.1 0.4 -2.0 5.7 1.1 

2010 IV 2.5 4.3 1.7 1.6 0.4 -0.9 5.0 1.5 

 III 3.3 4.7 1.3 1.8 0.5 -1.5 5.3 1.2 

 II 4.4 4.2 -0.3 1.9 0.1 -2.5 6.9 1.2 

 I 6.2 2.7 -3.2 2.9 0.5 -3.1 5.7 0.4 

2009 ANNUAL 2.3 -5.1 -7.2 1.6 2.0 -0.7 3.8 1.1 

2009 IV 5.3 -0.9 -5.9 1.8 0.3 -3.3 6.5 0.5 

 III 3.0 -5.5 -8.2 2.1 3.7 -0.9 2.5 0.4 

 II 1.2 -7.1 -8.2 2.4 3.4 1.1 1.2 1.2 

 I -0.2 -6.7 -6.5 0.4 0.5 0.5 5.0 2.2 

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

 Indexes 2005=100

2011 ANNUAL 110.6 104.8 94.8 118.0 102.4 106.7 119.9 111.9 

2011 IV 111.2 106.2 95.5 118.4 101.9 106.5 121.2 112.2 

 III 111.0 r 105.2 r 94.8 r 117.8 r 101.6 r 106.1 r 121.5 r 112.2 r

 II 110.5 104.5 94.6 117.9 102.5 106.7 118.9 111.5 

 I 110.5 104.0 94.2 117.9 103.6 106.7 117.0 110.8 

2010 ANNUAL 109.8 102.4 93.2 115.8 103.7 105.4 116.1 109.6 

2010 IV 110.7 103.8 93.8 116.3 103.5 105.1 118.0 110.2 

 III 110.1 102.9 93.5 116.2 104.0 105.6 116.1 109.7 

 II 109.5 102.0 93.1 115.6 103.9 105.6 115.6 109.5 

 I 109.2 100.8 92.4 114.9 103.1 105.3 114.7 109.0 

2009 ANNUAL 105.5 98.5 93.3 113.4 103.3 107.5 109.8 108.4 

2009 IV 107.9 99.6 92.2 114.5 103.1 106.1 112.3 108.5 

 III 106.5 98.2 92.2 114.2 103.5 107.2 110.3 108.4 

 II 104.8 97.9 93.4 113.5 103.8 108.3 108.1 108.2 

 I 102.8 98.2 95.5 111.7 102.6 108.6 108.5 108.6 

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics
-8- 

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

seasonally adjusted

 Real

 Output Compen- compenYear per hour Hours sation sation Unit

and of all of all per hour per hour labor

quarter persons Output persons (1) (2) costs

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

 Percent change from previous quarter at annual rate(5)

2011 ANNUAL 2.8 4.9 2.0 1.5 -1.7 -1.3 

2011 IV -0.4 3.8 4.2 1.2 0.3 1.6 

 III 5.3 r 5.0 r -0.3 r -0.6 r -3.5 r -5.6 r

 II -2.1 r 0.6 r 2.7 -2.1 -6.0 0.0 r

 I 4.2 7.8 3.4 4.1 -1.2 -0.2 

2010 ANNUAL 6.1 6.0 0.0 1.6 0.0 -4.2 

2010 IV 4.9 3.8 -1.0 2.3 -0.4 -2.5 

 III 2.1 5.6 3.4 1.7 0.2 -0.5 

 II 5.2 9.2 3.8 3.8 4.3 -1.3 

 I 4.7 7.8 3.0 -2.7 -3.9 -7.1 

2009 ANNUAL 0.5 -12.5 -13.0 4.5 4.9 4.0 

2009 IV 7.3 6.5 -0.8 3.1 0.3 -3.9 

 III 13.1 7.5 -4.9 1.4 -2.2 -10.3 

 II 6.3 -10.1 -15.4 7.9 5.9 1.5 

 I -1.4 -21.1 -20.0 0.5 2.9 1.9 

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

 Percent change from corresponding quarter of previous year

2011 ANNUAL 2.8 4.9 2.0 1.5 -1.7 -1.3 

2011 IV 1.7 4.3 2.5 0.6 -2.6 -1.1 

 III 3.0 r 4.3 r 1.2 0.9 -2.8 r -2.1 r

 II 2.3 r 4.4 2.1 1.4 -1.9 -0.8 

 I 4.1 6.6 2.4 2.9 0.7 -1.1 

2010 ANNUAL 6.1 6.0 0.0 1.6 0.0 -4.2 

2010 IV 4.2 6.6 2.3 1.2 0.0 -2.9 

 III 4.8 7.3 2.3 1.4 0.2 -3.2 

 II 7.5 7.7 0.2 1.4 -0.4 -5.7 

 I 7.8 2.6 -4.8 2.4 0.0 -5.0 

2009 ANNUAL 0.5 -12.5 -13.0 4.5 4.9 4.0 

2009 IV 6.2 -5.1 -10.6 3.2 1.7 -2.8 

 III 2.7 -11.9 -14.2 4.8 6.6 2.0 

 II -1.7 -16.5 -15.1 5.8 6.9 7.6 

 I -4.8 -16.0 -11.8 4.0 4.2 9.2 

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

 Indexes 2005=100

2011 ANNUAL 114.4 96.5 84.4 118.3 102.7 103.5 

2011 IV 114.9 97.8 85.2 118.4 101.9 103.0 

 III 115.0 r 96.9 r 84.3 r 118.0 r 101.8 r 102.6 r

 II 113.5 r 95.7 r 84.4 118.2 102.7 104.1 r

 I 114.1 95.6 83.8 118.8 104.3 104.1 

2010 ANNUAL 111.3 92.0 82.7 116.6 104.4 104.8 

2010 IV 112.9 93.8 83.1 117.6 104.6 104.2 

 III 111.6 92.9 83.3 117.0 104.7 104.8 

 II 111.0 91.7 82.6 116.5 104.7 105.0 

 I 109.6 89.7 81.8 115.4 103.6 105.3 

2009 ANNUAL 104.9 86.8 82.7 114.8 104.5 109.4 

2009 IV 108.3 88.0 81.2 116.2 104.6 107.3 

 III 106.5 86.7 81.4 115.3 104.5 108.3 

 II 103.2 85.1 82.4 114.9 105.1 111.3 

 I 101.7 87.4 86.0 112.8 103.6 110.9 

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics
-9- 

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

seasonally adjusted

 Real

 Output Compen- compenYear per hour Hours sation sation Unit

and of all of all per hour per hour labor

quarter persons Output persons (1) (2) costs

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

 Percent change from previous quarter at annual rate(5)

2011 ANNUAL 4.0 8.1 3.9 0.8 -2.3 -3.1 

2011 IV -0.4 6.3 6.7 0.2 -0.8 0.6 

 III 8.7 r 7.8 r -0.9 r -0.2 r -3.1 r -8.2 r

 II -2.9 r 2.0 r 5.0 -4.9 -8.6 -2.1 r

 I 6.9 13.7 6.4 4.4 -0.8 -2.3 

2010 ANNUAL 7.7 7.6 -0.1 2.1 0.4 -5.2 

2010 IV 5.3 5.7 0.4 2.2 -0.5 -3.0 

 III 1.7 8.3 6.5 -0.8 -2.2 -2.5 

 II 11.3 14.5 2.8 7.1 7.7 -3.7 

 I 6.2 10.2 3.8 -3.1 -4.3 -8.7 

2009 ANNUAL -4.6 -19.3 -15.5 5.7 6.1 10.8 

2009 IV 6.3 5.9 -0.4 3.8 1.0 -2.3 

 III 18.2 10.3 -6.6 1.0 -2.6 -14.5 

 II 2.1 -18.8 -20.5 11.6 9.5 9.3 

 I -10.0 -31.2 -23.6 3.1 5.5 14.6 

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

 Percent change from corresponding quarter of previous year

2011 ANNUAL 4.0 8.1 3.9 0.8 -2.3 -3.1 

2011 IV 3.0 7.4 4.3 -0.2 -3.4 -3.0 

 III 4.4 r 7.2 r 2.7 r 0.3 r -3.3 -3.9 r

 II 2.7 r 7.3 4.5 0.2 -3.1 -2.5 r

 I 6.2 10.5 4.0 3.2 1.0 -2.9 

2010 ANNUAL 7.7 7.6 -0.1 2.1 0.4 -5.2 

2010 IV 6.1 9.6 3.4 1.3 0.1 -4.5 

 III 6.3 9.7 3.2 1.7 0.4 -4.4 

 II 10.4 10.2 -0.2 2.1 0.3 -7.5 

 I 8.0 1.1 -6.4 3.2 0.8 -4.5 

2009 ANNUAL -4.6 -19.3 -15.5 5.7 6.1 10.8 

2009 IV 3.6 -10.1 -13.3 4.8 3.3 1.1 

 III -2.5 -18.9 -16.8 5.9 7.7 8.7 

 II -7.8 -24.4 -18.0 7.4 8.4 16.4 

 I -10.5 -22.5 -13.4 4.6 4.8 16.9 

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

 Indexes 2005=100

2011 ANNUAL 113.4 94.4 83.2 119.1 103.3 105.0 

2011 IV 114.3 96.4 84.4 118.7 102.2 103.9 

 III 114.4 r 95.0 r 83.0 r 118.7 r 102.4 r 103.7 r

 II 112.0 r 93.2 r 83.2 118.7 103.2 106.0 r

 I 112.9 92.8 82.2 120.2 105.6 106.5 

2010 ANNUAL 109.0 87.3 80.1 118.1 105.7 108.3 

2010 IV 111.0 89.8 80.9 118.9 105.8 107.1 

 III 109.6 88.6 80.9 118.3 105.9 108.0 

 II 109.1 86.9 79.6 118.5 106.5 108.6 

 I 106.2 84.0 79.0 116.5 104.6 109.7 

2009 ANNUAL 101.2 81.2 80.2 115.7 105.3 114.3 

2009 IV 104.7 82.0 78.3 117.4 105.7 112.2 

 III 103.1 80.8 78.4 116.4 105.5 112.9 

 II 98.9 78.8 79.7 116.1 106.2 117.4 

 I 98.3 83.0 84.4 112.9 103.8 114.8 

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics
-10- 

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

seasonally adjusted

 Real

 Output Compen- compenYear per hour Hours sation sation Unit

and of all of all per hour per hour labor

quarter persons Output persons (1) (2) costs

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

 Percent change from previous quarter at annual rate(5)

2011 ANNUAL 2.6 1.7 -0.9 2.2 -0.9 -0.3 

2011 IV 1.3 1.5 0.2 2.7 1.7 1.4 

 III 1.6 r 2.3 r 0.6 r -1.2 r -4.1 r -2.8 r

 II 0.1 r -0.9 -0.9 2.8 -1.2 2.7 r

 I 3.4 2.1 -1.3 2.8 -2.4 -0.6 

2010 ANNUAL 3.9 3.9 0.1 0.8 -0.9 -3.0 

2010 IV 5.3 2.0 -3.2 2.2 -0.5 -3.0 

 III 4.2 2.8 -1.3 5.7 4.2 1.4 

 II -1.3 4.0 5.4 -1.9 -1.4 -0.5 

 I 3.6 5.4 1.7 -2.2 -3.4 -5.6 

2009 ANNUAL 2.3 -6.6 -8.7 2.9 3.2 0.5 

2009 IV 7.7 6.2 -1.4 1.9 -0.9 -5.4 

 III 5.3 3.0 -2.2 2.5 -1.1 -2.6 

 II 4.3 -2.5 -6.5 2.8 0.8 -1.5 

 I 2.8 -11.2 -13.6 -3.3 -1.0 -6.0 

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

 Percent change from corresponding quarter of previous year

2011 ANNUAL 2.6 1.7 -0.9 2.2 -0.9 -0.3 

2011 IV 1.6 1.2 -0.4 1.8 -1.5 0.2 

 III 2.6 r 1.4 r -1.2 1.6 -2.1 -0.9 r

 II 3.2 1.5 -1.7 3.4 0.0 0.1 

 I 2.9 2.7 -0.2 2.1 0.0 -0.7 

2010 ANNUAL 3.9 3.9 0.1 0.8 -0.9 -3.0 

2010 IV 2.9 3.5 0.6 0.9 -0.3 -2.0 

 III 3.5 4.6 1.1 0.8 -0.4 -2.6 

 II 3.8 4.6 0.8 0.1 -1.7 -3.6 

 I 5.2 3.0 -2.1 1.2 -1.1 -3.8 

2009 ANNUAL 2.3 -6.6 -8.7 2.9 3.2 0.5 

2009 IV 5.0 -1.3 -6.0 0.9 -0.5 -3.9 

 III 4.5 -5.8 -9.8 3.5 5.2 -1.0 

 II 0.9 -9.1 -9.9 3.7 4.7 2.8 

 I -1.0 -9.7 -8.8 3.3 3.4 4.3 

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

 Indexes 2005=100

2011 ANNUAL 111.3 96.2 86.5 117.2 101.7 105.4 

2011 IV 111.8 96.7 86.5 117.9 101.5 105.5 

 III 111.4 r 96.4 r 86.5 r 117.1 r 101.0 r 105.1 r

 II 111.0 r 95.8 r 86.4 117.4 102.1 105.8 r

 I 110.9 96.0 86.6 116.6 102.4 105.1 

2010 ANNUAL 108.5 94.6 87.2 114.7 102.7 105.7 

2010 IV 110.0 95.5 86.9 115.8 103.0 105.3 

 III 108.6 95.1 87.6 115.2 103.2 106.1 

 II 107.5 94.4 87.9 113.6 102.1 105.7 

 I 107.8 93.5 86.7 114.2 102.5 105.9 

2009 ANNUAL 104.5 91.1 87.2 113.8 103.6 109.0 

2009 IV 106.9 92.3 86.3 114.8 103.3 107.4 

 III 104.9 90.9 86.6 114.3 103.6 108.9 

 II 103.6 90.2 87.1 113.5 103.8 109.6 

 I 102.5 90.8 88.6 112.8 103.6 110.0 

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics
-11- 

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

and prices, seasonally adjusted

 Real Unit

 Output Hourly hourly non- Total Unit Implicit

Year per all- compen- compen- Unit labor unit pro- price

and employee Employee sation sation labor costs cost fits deflator

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

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

 Percent change from previous quarter at annual rate(5)

2011 III -2.6 -0.8 1.9 0.3 -2.7 r 3.0 3.5 r 3.1 7.7 r 3.8 r

 II 3.2 6.1 2.9 0.8 -3.2 -2.3 -1.8 -2.2 28.9 1.8 

 I 2.3 4.5 2.1 4.5 -0.8 2.2 r 0.7 1.7 3.7 2.0 

2010 ANNUAL 4.8 r 4.9 r 0.1 1.9 0.3 -2.7 r -9.2 r -4.6 r 41.3 r -0.1 r

2010 IV -3.2 r -1.5 r 1.9 -0.3 -3.0 3.0 r 1.9 r 2.7 r -0.7 r 2.2 r

 III -0.3 r 2.1 r 2.3 2.6 1.2 2.9 r -4.4 r 0.8 r 13.5 r 2.5 r

 II -1.5 r 2.6 r 4.2 1.4 2.0 3.0 r -7.5 r -0.1 r 10.5 r 1.3 r

 I 8.8 r 10.2 r 1.2 0.9 -0.4 -7.3 r -14.7 r -9.5 r 102.7 r -0.1 r

2009 ANNUAL 0.5 r -7.4 r -7.8 2.0 2.4 1.5 r 6.5 r 3.0 r -8.2 r 1.8 r

2009 IV 9.7 r 9.1 r -0.6 1.6 -1.1 -7.4 r -9.7 r -8.1 r 75.4 r -1.6 r

 III 8.1 r 2.7 r -5.0 3.0 -0.7 -4.8 r -12.6 r -7.1 r 54.4 r -2.7 r

 II 5.8 r -4.5 r -9.7 7.4 5.4 1.6 r -2.0 r 0.5 r -27.2 r -2.4 r

 I -9.6 r -20.0 r -11.5 -6.3 -4.0 3.7 r 23.5 r 9.2 r -28.5 r 4.8 r

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

 Percent change from corresponding quarter of previous year

2011 III -0.2 r 2.0 r 2.2 1.3 -2.4 1.4 1.0 r 1.3 9.3 2.4 

 II 0.4 r 2.8 2.3 1.9 -1.4 1.4 r -0.9 r 0.7 10.8 r 2.1 r

 I -0.7 r 1.9 r 2.6 2.0 -0.2 2.8 r -2.4 r 1.3 r 6.6 r 2.0 r

2010 ANNUAL 4.8 r 4.9 r 0.1 1.9 0.3 -2.7 r -9.2 r -4.6 r 41.3 r -0.1 r

2010 IV 0.8 r 3.3 r 2.4 1.1 -0.1 0.3 r -6.4 r -1.7 r 26.1 r 1.5 r

 III 4.1 r 5.9 r 1.8 1.6 0.4 -2.3 r -9.2 r -4.3 r 45.3 r 0.5 r

 II 6.2 r 6.1 r -0.1 1.7 0.0 -4.2 r -11.2 r -6.3 r 56.9 r -0.8 r

 I 8.1 r 4.2 r -3.6 3.2 0.8 -4.5 r -9.9 r -6.1 r 41.4 r -1.7 r

2009 ANNUAL 0.5 r -7.4 r -7.8 2.0 2.4 1.5 r 6.5 r 3.0 r -8.2 r 1.8 r

2009 IV 3.2 r -3.8 r -6.8 1.3 -0.1 -1.8 r -1.1 r -1.6 r 8.9 r -0.5 r

 III 0.0 r -8.8 r -8.8 2.5 4.1 2.5 r 6.2 r 3.6 r -18.1 r 1.0 r

 II -0.1 r -8.8 r -8.7 2.9 3.9 2.9 r 10.0 r 4.9 r -15.2 r 2.8 r

 I -1.2 r -8.0 r -6.9 1.5 1.6 2.7 r 11.4 r 5.1 r -7.0 r 3.9 r

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

 Indexes 2005=100

2011 III 108.2 r 103.0 r 95.2 r 117.6 r 101.5 r 108.7 r 109.8 r 109.0 r 132.8 r 112.0 r

 II 109.0 r 103.2 r 94.7 117.5 102.2 107.9 r 108.8 r 108.1 r 130.4 r 111.0 r

 I 108.1 r 101.7 r 94.0 117.3 103.0 108.5 r 109.3 r 108.7 r 122.4 r 110.5 r

2010 ANNUAL 108.3 r 100.4 r 92.7 115.6 103.5 106.8 r 109.9 r 107.6 r 118.8 r 109.0 r

2010 IV 107.5 r 100.6 r 93.5 116.0 103.2 107.9 r 109.1 r 108.3 r 121.2 r 109.9 r

 III 108.4 r 100.9 r 93.1 116.1 104.0 107.1 r 108.6 r 107.6 r 121.5 r 109.3 r

 II 108.5 r 100.4 r 92.6 115.4 103.7 106.4 r 109.9 r 107.3 r 117.7 r 108.6 r

 I 108.9 r 99.8 r 91.6 115.0 103.2 105.6 r 112.0 r 107.4 r 114.8 r 108.3 r

2009 ANNUAL 103.4 r 95.8 r 92.6 113.4 103.2 109.7 r 121.0 r 112.8 r 84.1 r 109.2 r

2009 IV 106.6 r 97.4 r 91.3 114.7 103.3 107.6 r 116.6 r 110.1 r 96.2 r 108.3 r

 III 104.2 r 95.3 r 91.5 114.3 103.6 109.7 r 119.6 r 112.4 r 83.6 r 108.8 r

 II 102.2 r 94.7 r 92.7 113.4 103.7 111.0 r 123.7 r 114.5 r 75.0 r 109.5 r

 I 100.7 r 95.8 r 95.1 111.4 102.4 110.6 r 124.3 r 114.4 r 81.2 r 110.2 r

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics
-12- 

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 –1.7 and 1.5 index points approximately 95 percent of the 

time. This interval is based on the performance of this measure between the fourth quarter of 1995 and 

the third quarter of 2011. 

Table Footnotes

(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 (CPIU). The trend from 1978-2010 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 is calculated using index 

numbers to three decimal places. Indexes published in the news release are rounded to one decimal 

place for convenience. Annual changes: Percent change is calculated using annual average indexes 

to three decimal places.

(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.
-13- 

Appendix table 1.

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

and prices.

 Real Unit

 Output Hourly hourly non- Total Unit Implicit

 per all- compen- compen- Unit labor unit pro- price

 employee Employee sation sation labor costs cost fits deflator

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

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

 Indexes 2005=100

 2010 108.3 r 100.4 r 92.7 115.6 103.5 106.8 r 109.9 r 107.6 r 118.8 r 109.0 r

 2009 103.4 r 95.8 r 92.6 113.4 103.2 109.7 r 121.0 r 112.8 r 84.1 r 109.2 r

 2008 102.9 r 103.4 r 100.5 111.2 100.8 108.0 r 113.6 r 109.6 r 91.6 r 107.3 r

 2007 102.5 r 104.8 r 102.2 107.3 101.0 104.6 r 109.2 r 105.9 r 100.0 r 105.1 r

 2006 101.9 r 103.8 r 101.9 103.3 100.0 101.3 r 103.0 r 101.8 r 111.6 r 103.0 r

 2005 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 

 2004 97.8 r 96.5 r 98.7 96.5 99.7 98.6 r 95.7 r 97.8 r 88.0 r 96.6 r

 2003 94.4 r 92.3 r 97.8 93.9 99.7 99.5 r 96.8 r 98.7 r 66.0 r 94.6 r

 2002 90.4 r 90.0 r 99.6 89.5 97.1 99.0 r 97.1 r 98.5 r 59.5 r 93.5 r

 2001 87.1 r 89.4 r 102.7 87.1 96.1 100.1 r 96.7 r 99.1 r 51.9 r 93.2 r

 2000 86.4 r 91.2 r 105.6 84.4 95.6 97.7 r 91.1 r 95.9 r 64.3 r 91.9 r

 1999 83.0 r 86.5 r 104.3 78.6 92.0 94.7 r 88.1 r 92.9 r 77.3 r 90.9 r

 1998 80.4 r 82.0 r 102.0 75.2 90.0 93.5 r 85.8 r 91.4 r 83.1 r 90.3 r

 1997 77.7 r 77.6 r 99.8 71.0 86.0 91.3 r 85.3 r 89.6 r 94.8 r 90.3 r

 1996 75.7 r 72.8 r 96.1 68.9 85.3 90.9 r 85.4 r 89.4 r 92.5 r 89.8 r

 1995 73.1 r 69.0 r 94.4 66.9 85.1 91.5 r 85.9 r 90.0 r 85.5 r 89.4 r

 1994 72.3 r 65.9 r 91.1 65.7 85.6 90.9 r 85.5 r 89.4 r 82.4 r 88.5 r

 1993 70.9 r 62.0 r 87.4 64.6 85.9 91.1 r 85.2 r 89.4 r 70.3 r 87.0 r

 1992 70.7 r 60.4 r 85.4 63.4 86.5 89.7 r 85.8 r 88.6 r 61.5 r 85.2 r

 1991 69.0 r 58.6 r 85.0 60.5 84.6 87.7 r 87.9 r 87.8 r 58.0 r 84.0 r

 1990 67.3 r 58.9 r 87.5 57.6 83.4 85.6 r 83.6 r 85.1 r 58.9 r 81.7 r

 1989 66.6 r 58.1 r 87.2 55.0 83.6 82.6 r 80.0 r 81.8 r 61.2 r 79.2 r

 1988 67.5 r 57.1 r 84.6 53.7 85.1 79.5 r 75.2 r 78.3 r 66.8 r 76.8 r

 1987 65.8 r 54.0 r 82.0 51.5 84.6 78.2 r 74.2 r 77.1 r 60.4 r 75.0 r

 1986 64.6 r 51.3 r 79.5 49.8 84.7 77.2 r 75.0 r 76.6 r 53.6 r 73.7 r

 1985 63.2 r 50.1 r 79.3 47.5 82.1 75.1 r 71.6 r 74.1 r 62.5 r 72.6 r

 1984 62.0 r 48.0 r 77.5 45.4 81.3 73.3 r 69.7 r 72.3 r 65.2 r 71.4 r

 1983 60.6 r 44.1 r 72.8 43.6 81.3 72.0 r 70.4 r 71.5 r 54.3 r 69.4 r

 1982 58.6 r 42.1 r 71.8 42.1 81.7 71.7 r 70.2 r 71.3 r 44.7 r 67.9 r

 1981 58.5 r 43.1 r 73.8 39.5 81.3 67.5 r 63.4 r 66.4 r 48.5 r 64.1 r

 1980 57.0 r 41.5 r 72.7 36.2 81.7 63.5 r 55.6 r 61.3 r 40.7 r 58.7 r

 1979 57.2 r 41.9 r 73.2 32.9 82.5 57.5 r 47.5 r 54.8 r 45.4 r 53.6 r

 1978 57.7 r 40.6 r 70.4 30.2 82.9 52.3 r 43.6 r 49.9 r 48.4 r 49.7 r

 1977 56.9 r 38.1 r 66.9 27.6 81.2 48.5 r 41.6 r 46.6 r 46.6 r 46.6 r

 1976 55.5 r 35.5 r 64.0 25.6 80.1 46.2 r 40.1 r 44.5 r 42.7 r 44.2 r

 1975 53.6 r 32.8 r 61.2 23.7 78.3 44.1 r 40.3 r 43.1 r 37.8 r 42.4 r

 1974 51.7 r 33.3 r 64.5 21.5 77.8 41.7 r 35.4 r 39.9 r 29.2 r 38.6 r

 1973 52.7 r 33.8 r 64.2 19.7 78.9 37.3 r 30.9 r 35.5 r 32.9 r 35.2 r

 1972 52.2 r 31.9 r 61.1 18.3 77.9 35.0 r 29.3 r 33.4 r 32.6 r 33.3 r

 1971 51.1 r 29.6 r 57.9 17.3 76.3 33.9 r 29.3 r 32.6 r 30.0 r 32.3 r

 1970 49.0 r 28.4 r 58.0 16.3 74.9 33.3 r 28.0 r 31.8 r 26.5 r 31.1 r

 1969 48.7 r 28.7 r 58.9 15.3 74.0 31.3 r 24.9 r 29.5 r 32.5 r 29.9 r

 1968 48.6 r 27.6 r 56.7 14.3 73.1 29.4 r 23.0 r 27.6 r 35.9 r 28.7 r

 1967 46.9 r 25.9 r 55.1 13.3 70.8 28.3 r 21.7 r 26.5 r 36.0 r 27.7 r

 1966 46.2 r 25.2 r 54.6 12.6 69.1 27.2 r 20.4 r 25.3 r 38.6 r 27.0 r

 1965 45.4 r 23.5 r 51.8 11.9 67.3 26.3 r 20.4 r 24.6 r 38.7 r 26.4 r

 1964 44.3 r 21.7 r 49.0 11.6 66.5 26.1 r 20.5 r 24.6 r 36.0 r 26.0 r

 1963 43.6 r 20.3 r 46.5 11.4 66.1 26.1 r 20.5 r 24.5 r 34.7 r 25.8 r

 1962 42.1 r 19.1 r 45.5 11.0 65.0 26.2 r 20.7 r 24.7 r 32.8 r 25.7 r

 1961 40.3 r 17.6 r 43.8 10.6 63.2 26.3 r 21.0 r 24.8 r 30.4 r 25.6 r

 1960 39.0 r 17.2 r 44.2 10.3 61.8 26.3 r 20.6 r 24.7 r 30.4 r 25.4 r

 1959 38.4 r 16.7 r 43.5 9.9 60.5 25.8 r 20.2 r 24.2 r 33.0 r 25.3 r

 1958 36.5 r 15.0 r 41.0 9.5 58.7 26.1 r 21.0 r 24.7 r 28.3 r 25.1 r

 1957 35.8 15.6 43.5 9.2 58.0 25.6 19.2 23.8 31.2 24.7 

 1956 35.1 15.4 43.8 8.6 56.6 24.6 17.9 22.8 32.4 24.0 

 1955 35.0 14.9 42.6 8.1 54.0 23.2 16.8 21.5 34.9 23.2 

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics
-14- 

Appendix table 1. cont.

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

and prices.

 Real Unit

 Output Hourly hourly non- Total Unit Implicit

 per all- compen- compen- Unit labor unit pro- price

 employee Employee sation sation labor costs cost fits deflator

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

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

 Indexes 2005=100

 1954 33.0 13.3 40.3 7.9 52.0 23.8 17.4 22.0 29.7 23.0 

 1953 31.7 13.5 42.5 7.6 50.6 24.0 17.0 22.0 30.5 23.1 

 1952 30.5 12.6 41.2 7.2 48.3 23.6 17.1 21.8 32.8 23.2 

 1951 29.8 12.1 40.6 6.8 46.5 22.8 16.3 21.0 36.8 23.0 

 1950 30.1 11.5 38.1 6.2 46.0 20.7 15.6 19.3 34.2 21.2 

 1949 28.0 10.2 36.3 5.9 44.0 21.0 16.3 19.7 30.2 21.0 

 1948 26.6 10.2 38.6 5.7 42.1 21.5 15.2 19.7 33.2 21.4 

 1947 24.9 9.5 38.2 5.2 41.4 20.9 14.5 19.1 27.4 20.1 

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

See footnotes following Table 6. February 2, 2012

r=revised Source: Bureau of Labor Statistics