USDL 00-319
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THURSDAY, NOVEMBER 2, 2000.
                                      
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                           PRODUCTIVITY AND COSTS
                             Third Quarter 2000


   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 third quarter of 2000.  The preliminary seasonally-adjusted
annual rates of productivity growth in the third quarter were:

               3.2 percent in the business sector and
               3.8 percent in the nonfarm business sector.

In both the business and the nonfarm business sectors, productivity increases
in the third quarter were smaller than those recorded in the second quarter
of 2000 (as revised).

   In manufacturing, productivity increases in the third quarter were:

               6.4 percent in manufacturing,
               9.6 percent in durable goods manufacturing, and
               2.0 percent in nondurable goods manufacturing.

   The increase in manufacturing productivity was higher than the 5.7-
percent rise reported for the previous quarter (as revised).  Output and
hours in manufacturing, which includes about 17 percent of U.S. business
sector employment, tend to vary more from quarter to quarter than data for
the more aggregate business and nonfarm business sectors.  Third-quarter
measures are summarized in table A and appear in detail in tables 1
through 5.

   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.


-------------------------------------------------------------------------
Table A. Productivity and costs: Preliminary third-quarter 2000 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           3.2       3.0      -0.2       5.8      2.7       2.5
 Nonfarm business   3.8       3.0      -0.8       6.4      3.2       2.5
 Manufacturing      6.4       3.1      -3.0       6.7      3.5       0.3
   Durable          9.6       6.0      -3.3       5.9      2.8      -3.4
   Nondurable       2.0      -0.6      -2.6       8.1      4.9       5.9
-------------------------------------------------------------------------
                      Percent change from same quarter a year ago
 Business           4.8       6.1       1.2       5.0      1.5       0.2
 Nonfarm business   5.0       6.1       1.1       5.1      1.6       0.1
 Manufacturing      7.5       6.3      -1.2       5.0      1.5      -2.4
  Durable          10.9       9.9      -0.9       4.8      1.3      -5.5
  Nondurable        3.2       1.5      -1.6       5.3      1.8       2.0
-------------------------------------------------------------------------


Business

   From the second quarter to the third quarter of 2000, business sector
productivity increased at a 3.2 percent annual rate.  Output rose 3.0
percent, while hours of all persons engaged in the sector declined 0.2
percent (seasonally adjusted annual rates).  After revisions, second-quarter
productivity in the business sector rose 6.9 percent, reflecting a 6.3-
percent increase in output and a drop of 0.6 percent in hours (tables B
and 1).

   Hourly compensation increased at an annual rate of 5.8 percent during the
third quarter of 2000, after increasing 7.0 percent during the second
quarter.  This measure includes wages and salaries, supplements, employer
contributions to employee benefit plans, and taxes.  Real hourly
compensation, which takes into account changes in consumer prices, increased
2.7 percent in the third quarter, after rising 3.2 percent in the second
quarter of 2000.

   Unit labor costs, which reflect changes in both hourly compensation and
productivity, increased at a 2.5 percent annual rate during the third
quarter.  During the previous quarter, these costs were unchanged.  The
implicit price deflator for the business sector increased 1.7 percent in the
third quarter and 2.4 percent in the second quarter.


Nonfarm business

   Productivity rose 3.8 percent in the nonfarm business sector during the
third quarter of 2000.  The increase in labor productivity in the third
quarter occurred as output rose 3.0 percent and hours of all persons fell 0.8
percent.  This decline in hours was the largest since the first quarter of
1992, when hours fell 2.3 percent.  In the previous quarter, productivity had
risen 6.1 percent, as output grew 6.5 percent and hours increased 0.4 percent
(table 2).

   Hourly compensation increased at a 6.4 percent annual rate in the third
quarter of 2000.  This was the largest increase in this measure since the
first quarter of 1992, when it increased 8.8 percent.  When the rise in
consumer prices is taken into account, real hourly compensation rose at a 3.2-
percent annual rate during the July-September period.  During the second
quarter of 2000, real hourly compensation had risen 2.2 percent.
   
   Unit labor costs increased 2.5 percent during the third quarter of 2000.
In the second quarter, unit labor costs in the nonfarm business sector had
declined 0.2 percent.  The implicit price deflator for nonfarm business
output rose 1.8 percent in the third quarter of 2000.


Manufacturing

   Productivity increased 6.4 percent in manufacturing in the third quarter
of 2000, as output grew 3.1 percent and hours of all persons dropped 3.0
percent (seasonally adjusted annual rates).  A similar increase in labor
productivity, 5.7 percent, was recorded in the previous quarter, reflecting
increases in output and hours of 7.7 and 1.9 percent, respectively.  In
durable goods, productivity rose 9.6 percent in the third quarter, as output
increased 6.0 percent and hours of all persons fell 3.3 percent.
Productivity grew more slowly in nondurable goods, 2.0 percent, as hours fell
faster than output.  Output dropped 0.6 percent, and hours of all persons
decreased 2.6 percent (tables 3, 4, and 5).

   Hourly compensation of manufacturing workers increased an average of 6.7
percent during the third quarter, a more rapid rise than the 4.0-percent
increase recorded in the previous quarter (seasonally adjusted annual rates).
In the third quarter, hourly compensation grew 5.9 percent in durable goods
and 8.1 percent in nondurable goods.  When the increase in consumer prices is
taken into account, real hourly compensation in total manufacturing rose 3.5
percent in the third quarter.

   Unit labor costs increased 0.3 percent in the third quarter of 2000 after
falling 1.6 percent in the second quarter of 2000.  In the durable goods
sector, unit labor costs in the third quarter fell 3.4 percent; these costs
also had fallen in the previous three quarters.  In contrast, unit labor
costs in the nondurable goods sector rose 5.9 percent in the third quarter,
following a 5.4-percent rise in the previous quarter.


Revised Measures

   Current and previous measures for the second quarter of 2000 for the
business, nonfarm business, and manufacturing sectors are compared in
table B.  In all these sectors, productivity, output, and hourly compensation
increased faster than reported on Sept. 6, based on information then
available.  In all sectors, small revisions to real hourly compensation in
the first and second quarters of 2000 were made as a result of incorporating
the recalculated Consumer Price Index.  In manufacturing, historical output
has been revised for consistency with estimates published Sept. 21, 2000.
(See Multifactor Productivity Trends, 1998, USDL 00-267.)  Appendix tables
1-3 present annual indexes for the years 1949-99 for the manufacturing
measures.


-------------------------------------------------------------------------
Table B. Previous and revised productivity and related measures
Quarterly percent change at seasonally adjusted annual rate
-------------------------------------------------------------------------
                                                        Real      
                                               Hourly   hourly    Unit
                   Produc-                     compen-  compen-   labor
Sector             tivity   Output   Hours     sation   sation    costs
-------------------------------------------------------------------------
                             Second quarter 2000
Business:                                                         
  Previous          6.5       5.9     -0.6      6.4      2.7       -0.1
  Current           6.9       6.3     -0.6      7.0      3.2        0.0
Nonfarm business:                                                 
  Previous          5.7       6.1      0.4      5.3      1.7       -0.4
  Current           6.1       6.5      0.4      5.9      2.2       -0.2
Manufacturing:                                                    
  Previous          5.4       7.3      1.9      3.3     -0.3       -2.0
  Current           5.7       7.7      1.9      4.0      0.4       -1.6
-------------------------------------------------------------------------


Revised measures: Nonfinancial Corporations
   
   Second-quarter 2000 productivity and cost measures for nonfinancial
corporations also were revised to incorporate more recent information than
was available on Sept. 6.  Productivity, output, and hourly compensation were
revised up, while hours growth was unchanged.  Productivity grew at an annual
rate of 5.4 percent, compared with the previously published growth of 5.0
percent (tables C and 6).
   
   
----------------------------------------------------------------------------
Table C.  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
----------------------------------------------------------------------------
                            Second quarter 2000
Previous  5.0      5.9     0.9     5.6      1.9      0.6     13.5    2.4
Current   5.4      6.4     0.9     6.1      2.3      0.6     11.3    2.3
----------------------------------------------------------------------------

                                      
                              Next release date
   
   The next release of Productivity and Costs is scheduled for 8:30 AM EST,
Wednesday, Dec. 6, 2000.  Third-quarter measures for nonfinancial
corporations and revised third-quarter measures for business, nonfarm
business, and manufacturing will be released at that time.



                                      
                               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.
Average weekly paid hours of nonproduction and supervisory workers are
estimated by the Office of Productivity and Technology.  Weekly paid hours
are adjusted to hours at work using the BLS Hours at Work survey, conducted
for this purpose.
     Data from the BLS Current Population Survey (CPS) are used for farm
labor; in the nonfarm sector, the National Income and Product Accounts (NIPA)
prepared by the Bureau of Economic Analysis (BEA) of the Department of Com
merce and the CPS are used to measure labor input for government enterprises,
proprietors, and unpaid family workers.

Output: Business sector output is an annual-weighted index constructed after
excluding from gross domestic product (GDP) the following outputs: General
government, nonprofit institutions, paid employees of private households, and
the rental value of owner-occupied dwellings. Corresponding exclusions also
are made in labor inputs. Business output accounted for about 77 percent of
the value of GDP in 1996. Nonfarm business, which also excludes farming,
accounted for about 76 percent of GDP in 1996.
     Annual indexes for manufacturing and its durable and nondurable goods
components are constructed by deflating current-dollar industry value of
production data from the U.S. Bureau of the Census with deflators from the
BEA.  These deflators are based on data from the BLS producer price program
and other sources.  The industry shipments are aggregated using annual
weights, and intrasector transactions are removed.  Quarterly manufacturing
output measures are based on the index of industrial production prepared
monthly by the Board of Governors of the Federal Reserve System adjusted to
be consistent with annual indexes of manufacturing sector output prepared by
BLS.  Durables include the following 2-digit SIC industries: Primary metal
industries; fabricated metal products; nonelectrical machinery; industrial
and commercial machinery and computer equipment; electronic and other
electrical equipment; transportation equipment; instruments; lumber and
lumber products; furniture and fixtures; stone, clay, and glass and concrete
products; and miscellaneous manufactures. Nondurables include: Food and
kindred products, tobacco products, textile mill products, apparel products,
paper and allied products, printing and publishing, chemicals and chemical
products, petroleum refining and related industries, rubber and plastic
products, and leather and leather products.
     Nonfinancial corporate output is an annual-weighted index constructed by
excluding from GDP the following outputs: General government; nonprofit
institutions; employees of private households; the rental value of owner-oc
cupied dwellings; unincorporated business; and those corporations which are
depository institutions, nondepository institutions, security and commodity
brokers, insurance carriers, regulated investment offices, small business
investment offices, and real estate investment trusts. Nonfinancial
corporations accounted for about 53 percent of the value of GDP in 1996.

Productivity: These productivity measures describe the relationship between
real output and the labor time involved in its production. They show the
changes from period to period in the amount of goods and services produced
per hour. Although these measures relate output to hours at work of all
persons engaged in a sector, they do not measure the specific contribution of
labor, capital, or any other factor of production. Rather, they reflect the
joint effects of many influences, including changes in technology; capital
investment; level of output; utilization of capacity, energy, and materials;
the organization of production; managerial skill; and the characteristics and
effort of the work force.

     Information in this release will be made available to sensory-impaired
individuals upon request. Voice phone: 202-691-5200; Federal Relay Service
number: 1-800-877-8339.


  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

  1998       I     109.7      126.8     115.6     117.1       102.9      106.7       116.4      110.3
            II     110.0      127.7     116.1     118.5       103.8      107.7       115.1      110.5
           III     110.6      128.9     116.6     120.0       104.7      108.5       114.6      110.7
            IV     111.6      131.0     117.4     121.4       105.5      108.8       114.6      110.9

        ANNUAL     110.5      128.6     116.4     119.3       104.3      107.9       115.2      110.6

  1999       I     112.6      132.3     117.5     123.0       106.4      109.3       115.1      111.4
            II     112.8      133.1     118.0     124.5       106.9      110.4       114.1      111.8
           III     114.2      135.3     118.5     126.1       107.6      110.5       114.3      111.9
            IV     116.3      138.5     119.1     127.3       107.8      109.5       116.8      112.2

        ANNUAL     114.0      134.8     118.3     125.2       107.3      109.9       115.1      111.8

  2000       I     116.7      140.3     120.2     128.4       107.7      110.0       118.2      113.0
            II    r118.7     r142.4     120.0    r130.6       108.5      110.0      r120.0      113.7
           III     119.7      143.5     119.9     132.4       109.2      110.7       120.1      114.2
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1998       I       4.7        7.9       3.1       6.2         5.5        1.5        -1.5        0.3
            II       1.1        2.9       1.7       5.1         3.5        3.9        -4.2        0.7
           III       2.1        3.7       1.5       5.1         3.6        3.0        -1.9        1.1
            IV       3.9        6.8       2.8       4.8         3.2        0.9         0.2        0.6

        ANNUAL       2.7        5.0       2.3       5.3         3.9        2.5        -1.7        0.8

  1999       I       3.3        3.8       0.5       5.2         3.6        1.9         1.8        1.9
            II       0.9        2.6       1.7       5.0         1.7        4.1        -3.5        1.2
           III       4.9        6.6       1.7       5.3         2.6        0.4         0.7        0.5
            IV       7.7        9.9       2.1       3.8         0.9       -3.6         9.0        1.0

        ANNUAL       3.1        4.8       1.6       5.0         2.9        1.8         0.0        1.1

  2000       I       1.6        5.3       3.7       3.5       r-0.6        1.9         4.8        3.0
            II      r6.9       r6.3      -0.6      r7.0        r3.2       r0.0        r6.2       r2.4
           III       3.2        3.0      -0.2       5.8         2.7        2.5         0.5        1.7
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1998       I       3.2        5.8       2.5       4.5         3.1        1.2         0.9        1.1
            II       2.5        4.7       2.1       5.5         4.0        2.9        -2.4        0.8
           III       2.1        4.4       2.2       5.7         4.3        3.5        -3.3        0.8
            IV       2.9        5.3       2.3       5.3         4.0        2.3        -1.9        0.7

        ANNUAL       2.7        5.0       2.3       5.3         3.9        2.5        -1.7        0.8

  1999       I       2.6        4.3       1.6       5.1         3.5        2.4        -1.0        1.1
            II       2.5        4.2       1.6       5.0         3.0        2.4        -0.9        1.2
           III       3.2        4.9       1.7       5.1         2.8        1.8        -0.2        1.0
            IV       4.1        5.7       1.5       4.8         2.2        0.7         1.9        1.1

        ANNUAL       3.1        4.8       1.6       5.0         2.9        1.8         0.0        1.1

  2000       I       3.7        6.1       2.3       4.4         1.2        0.7         2.7        1.4
            II      r5.2       r7.0       1.7      r4.9         1.5      r-0.3        r5.1       r1.7
           III       4.8        6.1       1.2       5.0         1.5        0.2         5.1        2.0
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       November 2, 2000
  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

  1998       I     109.3      127.1     116.3     116.4       102.3      106.5       117.4      110.5
            II     109.8      128.1     116.7     117.9       103.2      107.5       116.3      110.7
           III     110.3      129.2     117.2     119.4       104.2      108.3       115.8      111.0
            IV     111.2      131.4     118.1     120.8       104.9      108.5       115.8      111.2

        ANNUAL     110.2      129.0     117.1     118.6       103.8      107.7       116.3      110.8

  1999       I     112.0      132.6     118.4     122.1       105.7      109.0       116.7      111.8
            II     112.1      133.4     118.9     123.6       106.1      110.2       115.7      112.2
           III     113.6      135.6     119.4     125.2       106.8      110.3       116.1      112.4
            IV     115.8      138.9     120.0     126.5       107.2      109.3       118.6      112.7

        ANNUAL     113.4      135.1     119.2     124.4       106.5      109.7       116.8      112.3

  2000       I     116.3      140.7     120.9     127.8      r107.1      109.8       120.1      113.6
            II    r118.1     r142.9     121.0    r129.6       107.7      109.7      r121.8     r114.1
           III     119.2      144.0     120.8     131.6       108.6      110.4       122.0      114.6
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1998       I       4.5        8.2       3.5       6.1         5.3        1.5        -1.4        0.4
            II       1.6        3.1       1.5       5.3         3.8        3.6        -3.8        0.7
           III       1.8        3.7       1.8       5.2         3.7        3.3        -1.8        1.3
            IV       3.6        6.8       3.1       4.5         2.8        0.8         0.2        0.6

        ANNUAL       2.6        5.1       2.4       5.1         3.7        2.4        -1.4        0.9

  1999       I       2.6        3.6       1.0       4.5         2.8        1.8         2.9        2.2
            II       0.6        2.4       1.8       5.0         1.7        4.3        -3.1        1.5
           III       5.2        7.0       1.7       5.5         2.8        0.3         1.3        0.6
            IV       8.0       10.0       1.8       4.2         1.3       -3.5         8.9        1.0

        ANNUAL       2.9        4.8       1.8       4.8         2.7        1.8         0.4        1.3

  2000       I       1.9        5.2       3.2       3.9       r-0.2        1.9         5.2        3.2
            II      r6.1       r6.5       0.4      r5.9        r2.2      r-0.2        r5.7       r2.0
           III       3.8        3.0      -0.8       6.4         3.2        2.5         0.8        1.8
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1998       I       3.0        5.8       2.7       4.3         2.9        1.2         1.3        1.2
            II       2.5        4.8       2.3       5.3         3.8        2.8        -2.1        0.9
           III       2.1        4.6       2.4       5.7         4.2        3.5        -3.1        0.9
            IV       2.9        5.4       2.5       5.3         3.9        2.3        -1.7        0.8

        ANNUAL       2.6        5.1       2.4       5.1         3.7        2.4        -1.4        0.9

  1999       I       2.4        4.3       1.8       4.9         3.3        2.4        -0.7        1.2
            II       2.2        4.1       1.9       4.8         2.8        2.6        -0.5        1.4
           III       3.0        4.9       1.9       4.8         2.6        1.8         0.3        1.2
            IV       4.1        5.7       1.6       4.8         2.2        0.7         2.4        1.3

        ANNUAL       2.9        4.8       1.8       4.8         2.7        1.8         0.4        1.3

  2000       I       3.9        6.1       2.1       4.6        r1.4        0.7         3.0        1.6
            II      r5.3       r7.2       1.8      r4.9         1.5       -0.4        r5.2       r1.7
           III       5.0        6.1       1.1       5.1         1.6        0.1         5.1        2.0
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       November 2, 2000
  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

  1998       I            121.3       r128.6        106.0        115.2          101.2          95.0
            II           r123.0       r129.9        105.6        116.6          102.1         r94.8
           III           r125.6       r131.3        104.5        118.1          103.0         r94.0
            IV           r127.4       r133.2        104.5        119.4          103.7         r93.7

        ANNUAL           r124.3       r130.7        105.2        117.3          102.6         r94.4

  1999       I           r129.5       r134.0        103.5        120.7          104.4         r93.2
            II           r131.1       r135.6        103.5        122.4          105.1         r93.4
           III           r132.5       r137.2        103.5        124.1          105.9         r93.7
            IV           r135.8       r139.6        102.8        125.5          106.4         r92.5

        ANNUAL           r132.2       r136.6        103.3        123.2          105.5         r93.2

  2000       I           r138.4       r142.0        102.6        127.0          106.5         r91.8
            II           r140.3       r144.6        103.1       r128.2         r106.6         r91.4
           III            142.5        145.8        102.3        130.3          107.5          91.5
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1998       I             r5.1         r5.2          0.1          6.8            6.0          r1.6
            II             r5.7         r4.0         -1.6          5.0            3.4         r-0.7
           III             r8.7         r4.3         -4.1          5.0            3.5         r-3.4
            IV             r5.9         r6.0          0.1          4.6            2.9         r-1.3

        ANNUAL             r6.2         r5.9         -0.3          5.3            3.9         r-0.8

  1999       I              6.8          2.5         -4.0          4.5            2.8          -2.2
            II              4.8          4.9          0.1          5.7            2.5           0.9
           III              4.5          4.6          0.1          5.9            3.2           1.4
            IV             10.2          7.1         -2.8          4.6            1.7          -5.1

        ANNUAL             r6.3         r4.5         -1.7          5.0            2.9         r-1.3

  2000       I              7.9          7.1         -0.7          4.6           r0.5          -3.0
            II             r5.7         r7.7          1.9         r4.0           r0.4         r-1.6
           III              6.4          3.1         -3.0          6.7            3.5           0.3
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1998       I             r5.9         r6.9          0.9          4.4            3.0         r-1.4
            II             r6.3         r6.3          0.0          5.6            4.0         r-0.7
           III             r6.2         r5.5         -0.7          5.9            4.4         r-0.3
            IV             r6.4         r4.9         -1.4          5.3            4.0         r-1.0

        ANNUAL             r6.2         r5.9         -0.3          5.3            3.9         r-0.8

  1999       I             r6.8         r4.2         -2.4          4.8            3.2         r-1.9
            II             r6.6         r4.4         -2.0          4.9            2.9         r-1.5
           III             r5.5         r4.5         -0.9          5.2            2.9         r-0.3
            IV              6.5          4.8         -1.7          5.2            2.5          -1.3

        ANNUAL             r6.3         r4.5         -1.7          5.0            2.9         r-1.3

  2000       I              6.8          5.9         -0.8          5.2            2.0          -1.5
            II              7.0         r6.6         -0.4         r4.8           r1.4         r-2.1
           III              7.5          6.3         -1.2          5.0            1.5          -2.4
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                November 2, 2000
  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

  1998       I            129.6       r144.6        111.5        112.6           99.0          86.9
            II           r132.4       r147.1        111.2        113.8           99.6         r86.0
           III           r136.8       r150.7        110.2        115.1          100.4         r84.1
            IV           r139.7       r154.5        110.5        116.6          101.3         r83.4

        ANNUAL           r134.6       r149.2        110.8        114.5          100.1         r85.0

  1999       I           r142.8       r155.6        109.0        118.1          102.2         r82.7
            II           r146.0       r159.1        109.0        120.1          103.1         r82.2
           III           r148.0       r162.5        109.8        121.9          104.0         r82.3
            IV           r151.6       r165.3        109.0        123.6          104.7         r81.5

        ANNUAL           r147.1       r160.6        109.2        120.9          103.6         r82.2

  2000       I           r156.2       r170.0        108.8        124.8         r104.6         r79.9
            II           r160.4       r176.0        109.7       r125.9         r104.6         r78.5
           III            164.1        178.6        108.8        127.7          105.3          77.8
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1998       I             r7.1         r8.8          1.6          6.2            5.4         r-0.8
            II             r8.7         r7.3         -1.2          4.2            2.6         r-4.1
           III            r14.2        r10.1         -3.5          4.6            3.1         r-8.4
            IV             r8.8        r10.2          1.3          5.3            3.7         r-3.2

        ANNUAL             r9.0         r9.6          0.5          5.2            3.8         r-3.5

  1999       I              8.9          3.1         -5.4          5.4            3.7          -3.3
            II              9.4          9.3         -0.1          6.8            3.5          -2.4
           III              5.6          8.7          2.9          6.2            3.5           0.6
            IV             10.0          7.1         -2.7          5.7            2.8          -3.9

        ANNUAL             r9.3         r7.6         -1.5          5.6            3.4         r-3.4

  2000       I             12.7         11.8         -0.8          3.9          r-0.3          -7.9
            II            r11.1        r14.9          3.4         r3.5          r-0.1         r-6.8
           III              9.6          6.0         -3.3          5.9            2.8          -3.4
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1998       I             r8.2        r10.3          1.9          4.5            3.1         r-3.5
            II             r8.7         r9.5          0.8          5.5            4.0         r-2.9
           III             r9.5         r9.4         -0.1          5.7            4.2         r-3.5
            IV             r9.7         r9.1         -0.5          5.1            3.7         r-4.2

        ANNUAL             r9.0         r9.6          0.5          5.2            3.8         r-3.5

  1999       I            r10.1         r7.6         -2.2          4.9            3.3         r-4.8
            II            r10.3         r8.1         -2.0          5.5            3.5         r-4.3
           III             r8.2         r7.8         -0.4          5.9            3.6         r-2.1
            IV              8.5          7.0         -1.4          6.0            3.4          -2.3

        ANNUAL             r9.3         r7.6         -1.5          5.6            3.4         r-3.4

  2000       I              9.4          9.2         -0.2          5.7           r2.4          -3.4
            II             r9.8        r10.6          0.7         r4.8           r1.5          -4.6
           III             10.9          9.9         -0.9          4.8            1.3          -5.5
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                November 2, 2000
  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

  1998       I           r115.4       r113.9         98.7        118.3          104.0        r102.5
            II            116.0        113.9         98.2        120.1          105.1        r103.6
           III           r116.6        113.1         97.0        121.8          106.2         104.4
            IV            117.4       r113.3         96.6        122.7          106.6         104.6

        ANNUAL           r116.3        113.6         97.6        120.7          105.6        r103.8

  1999       I            118.5       r113.8         96.1        123.7          107.1         104.4
            II           r118.1        113.6         96.2        124.9          107.2         105.7
           III            119.2        113.5         95.2        126.4          107.8         106.0
            IV           r122.2        115.5         94.5        127.2          107.8        r104.1

        ANNUAL            119.5        114.1         95.5        125.5          107.5         105.0

  2000       I           r122.6        115.7         94.4        129.0         r108.2         105.2
            II            122.4        115.4        r94.3       r130.5         r108.5        r106.6
           III            123.0        115.2         93.6        133.1          109.8         108.2
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1998       I             r2.9         r0.7         -2.1          7.6            6.8          r4.5
            II             r1.9        r-0.2         -2.0          6.2            4.7          r4.2
           III             r2.3        r-2.6         -4.9          5.7            4.2          r3.3
            IV              2.5          0.8         -1.7          3.1            1.5           0.6

        ANNUAL             r3.0         r1.5         -1.5          5.3            3.9          r2.3

  1999       I              3.7          1.8         -1.8          3.2            1.6          -0.5
            II             -1.0         -0.8          0.3          3.9            0.7          r5.0
           III              3.7         -0.5         -4.0          4.9            2.2           1.2
            IV             10.5          7.3         -2.9          2.6           -0.2          -7.2

        ANNUAL              2.7          0.5         -2.1          4.0            1.9          r1.2

  2000       I              1.3          0.7         -0.6          5.9           r1.7           4.5
            II            r-0.7        r-1.2        r-0.4         r4.6           r1.0          r5.4
           III              2.0         -0.6         -2.6          8.1            4.9           5.9
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1998       I              3.5          3.1         -0.4          4.0            2.6          r0.4
            II             r3.7         r2.5         -1.2          5.5            4.0          r1.8
           III             r2.3         r0.6         -1.6          6.1            4.6          r3.7
            IV             r2.4        r-0.3         -2.7          5.7            4.3          r3.2

        ANNUAL             r3.0         r1.5         -1.5          5.3            3.9          r2.3

  1999       I             r2.6        r-0.1         -2.6          4.6            3.0          r1.9
            II             r1.9        r-0.2         -2.0          4.0            2.0           2.1
           III              2.2          0.3         -1.8          3.8            1.5           1.5
            IV              4.1          1.9         -2.1          3.6            1.1          -0.5

        ANNUAL              2.7          0.5         -2.1          4.0            1.9          r1.2

  2000       I              3.5          1.6         -1.8          4.3           r1.1          r0.8
            II              3.6          1.5         -2.0         r4.5           r1.2          r0.9
           III              3.2          1.5         -1.6          5.3            1.8           2.0
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                November 2, 2000
  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

  1998       I    112.3    132.4     117.9    115.2     101.2     102.6    100.5    102.0    150.4    106.1
            II    113.4    134.2     118.3    116.6     102.1     102.8    100.9    102.3    147.2    106.1
           III    114.9    136.6     118.9    118.0     103.0     102.7    100.2    102.1    151.4    106.2
            IV    115.8    138.6     119.6    119.3     103.7     103.0    101.6    102.6    144.5    106.2

        ANNUAL    114.2    135.5     118.6    117.4     102.7     102.8    100.8    102.2    148.3    106.1

  1999       I    117.1    140.6     120.0    120.9     104.6     103.2    100.7    102.5    149.7    106.5
            II    118.2    142.5     120.5    122.4     105.1     103.5    101.4    103.0    147.5    106.7
           III    119.7    145.0     121.1    124.0     105.8     103.6    102.1    103.2    143.3    106.6
            IV    121.5    148.1     122.0    125.3     106.1     103.1    102.5    103.0    145.7    106.6

        ANNUAL    119.2    144.0     120.9    123.2     105.5     103.4    101.7    102.9    146.5    106.6

  2000       I    122.3    150.4     122.9    126.1     105.8     103.1    103.3    103.1    150.9    107.2
            II   r124.0   r152.7     123.2   r128.0    r106.4    r103.3   r104.0    103.4   r155.0    107.8
  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  1998       I      2.6      6.1       3.4      5.4       4.6       2.7      0.3      2.1    -14.7     -0.1
            II      4.0      5.6       1.6      5.0       3.4       1.0      1.6      1.1     -8.3      0.0
           III      5.2      7.4       2.0      5.0       3.5      -0.2     -2.5     -0.8     11.9      0.6
            IV      3.4      5.9       2.5      4.4       2.8       1.0      5.5      2.2    -17.0     -0.3

        ANNUAL      3.6      6.5       2.8      4.8       3.4       1.2      0.0      0.8     -5.3      0.1

  1999       I      4.4      5.7       1.3      5.3       3.6       0.9     -3.5     -0.3     15.1      1.4
            II      3.8      5.5       1.7      5.0       1.8       1.2      3.0      1.7     -5.6      0.8
           III      5.1      7.2       2.0      5.4       2.7       0.3      2.6      0.9    -11.1     -0.6
            IV      6.1      9.0       2.8      4.1       1.2      -1.8      1.9     -0.9      7.1      0.0

        ANNUAL      4.3      6.3       1.9      4.9       2.8       0.6      0.9      0.7     -1.2      0.4

  2000       I      2.9      6.2       3.2      2.7     r-1.4      -0.2      3.0      0.7     14.9      2.3
            II     r5.4     r6.4       0.9     r6.1      r2.3       0.6     r2.6     r1.2    r11.3     r2.3
  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  1998       I      3.2      6.8       3.5      4.0       2.6       0.8     -0.1      0.5     -2.7      0.1
            II      3.8      6.7       2.8      5.0       3.5       1.1     -0.5      0.7     -5.2      0.0
           III      3.6      6.4       2.7      5.3       3.8       1.6     -0.6      1.0     -5.6      0.1
            IV      3.8      6.2       2.4      4.9       3.6       1.1      1.2      1.1     -7.7      0.0

        ANNUAL      3.6      6.5       2.8      4.8       3.4       1.2      0.0      0.8     -5.3      0.1

  1999       I      4.2      6.1       1.8      4.9       3.3       0.7      0.2      0.5     -0.5      0.4
            II      4.2      6.1       1.9      4.9       2.9       0.7      0.5      0.7      0.2      0.6
           III      4.2      6.1       1.9      5.0       2.7       0.8      1.8      1.1     -5.4      0.3
            IV      4.8      6.9       1.9      5.0       2.4       0.1      0.9      0.3      0.9      0.4

        ANNUAL      4.3      6.3       1.9      4.9       2.8       0.6      0.9      0.7     -1.2      0.4

  2000       I      4.5      7.0       2.4      4.3      r1.1      -0.1      2.6      0.6      0.8      0.6
            II     r4.9     r7.2       2.2     r4.6       1.2      -0.3     r2.5     r0.5     r5.1      1.0
  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        November 2, 2000
  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
-1.7 and +2.3 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 second quarter of 2000.



                            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 1978-1999 is based on the
     Consumer Price Index research series (CPI-U-RS).

(3)  Unit nonlabor payments include profits, capital consumption allowances,
     interest, rental income of persons, and indirect taxes.

(4)  Current dollar output divided by the output index.

(5)  Quarterly changes:  Percent change compounded at annual rate from the
     original data rather than index numbers.  Annual changes:  Percent
     change between annual average levels.

(6)  Unit nonlabor costs include capital consumption allowances, interest,
     rental income of persons, and indirect taxes.  For nonfinancial
     corporations, rental income of persons is zero by definition.

(7)  Total unit costs are the sum of unit labor and nonlabor costs.

(8)  Unit profits include corporate profits with inventory valuation and
     capital consumption adjustments.

 Appendix table 1. 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
  -----------------------------------------------------------------------------------------------
       1949              33.5         26.5         79.1          8.3            45.1         24.7

       1950              34.0         29.1         85.5          8.7            46.8         25.5
       1951              33.8         31.1         92.1          9.5            47.7         28.3
       1952              35.2         32.9         93.3         10.2            49.9         28.9
       1953              36.3         35.6         98.1         10.7            52.3         29.5
       1954              37.3         33.4         89.6         11.2            54.2         30.1

       1955              38.8         36.7         94.6         11.7            56.6         30.1
       1956              38.6         37.1         96.0         12.4            59.3         32.1
       1957              39.4         37.2         94.5         13.2            60.8         33.4
       1958              40.0         34.7         86.6         13.8            61.9         34.4
       1959              40.9         37.8         92.5         14.3            63.7         34.9

       1960              41.8         38.5         92.1         14.9            65.2         35.6
       1961              42.8         38.4         89.7         15.3            66.5         35.8
       1962              44.2         41.2         93.4         15.9            68.3         36.0
       1963              45.7         43.1         94.4         16.4            69.5         35.8
       1964              47.4         45.7         96.4         17.0            71.5         36.0

       1965              48.5         49.5        102.0         17.4            71.8         35.9
       1966              49.1         53.3        108.6         18.2            73.0         37.1
       1967              50.9         54.9        108.0         19.2            74.7         37.7
       1968              52.7         57.7        109.6         20.7            77.2         39.2
       1969              53.5         59.4        110.9         22.2            78.5         41.4

       1970              54.2         56.5        104.4         23.7            79.5         43.8
       1971              57.8         58.1        100.5         25.2            80.8         43.5
       1972              60.3         63.3        105.1         26.5            82.3         43.9
       1973              61.4         67.8        110.4         28.5            83.4         46.4
       1974              61.2         66.1        107.9         31.6            83.4         51.7

       1975              64.3         62.5         97.2         35.5            85.6         55.2
       1976              67.0         68.2        101.9         38.4            87.8         57.4
       1977              69.7         73.9        106.1         41.8            89.6         60.0
       1978              70.4         77.8        110.6         45.2            90.6         64.2
       1979              69.8         78.7        112.7         49.6            90.9         71.1

       1980              70.1         75.3        107.5         55.6            91.7         79.3
       1981              70.7         75.6        107.0         61.1            92.1         86.3
       1982              74.2         72.7         97.9         67.0            95.4         90.2
       1983              76.7         75.9         98.9         68.8            94.2         89.7
       1984              79.4         83.7        105.3         71.2            93.6         89.6

       1985              82.3         86.0        104.6         75.1            95.6         91.3
       1986              85.9         88.5        103.0         78.5            98.1         91.4
       1987              88.3         91.6        103.8         80.7            97.5         91.4
       1988              90.2         96.1        106.6         84.0            97.9         93.1
       1989              90.3         96.6        107.1         86.6            96.8         96.0

       1990              92.8         97.3        104.8         90.8            96.6         97.8
       1991              95.0         95.4        100.4         95.6            98.1        100.6
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993             101.9        103.3        101.4        102.7           100.2        100.8
       1994             105.0        108.7        103.6        105.6           100.8        100.7

       1995             109.0        113.4        104.0        107.9           100.4         99.0
       1996             112.8        116.9        103.7        109.3            99.0         96.9
       1997             117.1        123.5        105.5        111.4            98.8         95.1
       1998             124.3        130.7        105.2        117.3           102.6         94.4
       1999             132.2        136.6        103.3        123.2           105.5         93.2
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             November 2, 2000
                                                               Source: Bureau of Labor Statistics


 Appendix table 2. 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
  -----------------------------------------------------------------------------------------------
       1949              31.5         22.7         72.0          8.1            44.1         25.6

       1950              33.3         26.7         80.3          8.5            45.9         25.6
       1951              32.0         29.0         90.6          9.4            47.1         29.4
       1952              33.9         31.5         92.9         10.1            49.7         29.9
       1953              35.8         35.8         99.9         10.7            52.0         29.8
       1954              35.8         31.7         88.4         11.2            54.0         31.2

       1955              37.4         35.3         94.4         11.7            56.6         31.2
       1956              35.8         34.6         96.6         12.4            59.3         34.7
       1957              36.3         34.6         95.4         13.2            60.8         36.3
       1958              36.0         30.3         84.2         13.9            62.5         38.6
       1959              37.3         34.1         91.4         14.4            64.3         38.6

       1960              37.7         34.4         91.3         15.0            65.7         39.7
       1961              38.3         33.6         87.8         15.4            66.9         40.2
       1962              40.2         37.2         92.7         16.0            68.9         39.9
       1963              41.9         39.6         94.3         16.5            69.9         39.3
       1964              43.4         42.1         97.0         17.1            71.8         39.5

       1965              45.6         47.5        104.1         17.4            72.0         38.3
       1966              46.3         52.4        113.1         18.2            73.0         39.3
       1967              47.2         53.1        112.3         19.2            74.5         40.5
       1968              49.4         56.3        113.9         20.6            77.1         41.8
       1969              50.1         58.0        115.6         22.1            78.4         44.1

       1970              49.8         53.1        106.5         23.8            79.6         47.7
       1971              54.0         54.6        101.1         25.4            81.4         46.9
       1972              56.6         60.5        107.0         26.6            82.8         47.1
       1973              58.9         67.8        115.2         28.6            83.6         48.5
       1974              57.2         64.8        113.3         31.6            83.3         55.3

       1975              59.1         59.0         99.7         35.7            86.2         60.4
       1976              62.5         65.2        104.3         38.8            88.6         62.0
       1977              65.7         72.3        110.0         42.1            90.3         64.1
       1978              66.6         77.7        116.5         45.3            90.8         67.9
       1979              66.7         80.2        120.1         49.7            91.1         74.4

       1980              66.7         75.4        113.1         55.9            92.2         83.8
       1981              67.5         75.8        112.3         61.5            92.8         91.2
       1982              70.1         70.5        100.6         67.5            96.2         96.3
       1983              74.0         74.8        101.2         69.1            94.5         93.4
       1984              78.5         86.5        110.2         71.0            93.4         90.5

       1985              80.5         88.7        110.2         74.8            95.1         92.8
       1986              84.7         90.9        107.3         78.5            98.1         92.6
       1987              87.8         94.0        107.1         80.9            97.7         92.1
       1988              90.0         99.8        110.8         83.7            97.6         93.0
       1989              90.1         99.9        110.9         86.3            96.4         95.7

       1990              92.5         99.3        107.3         90.3            96.1         97.7
       1991              93.9         95.1        101.3         95.3            97.8        101.4
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993             103.3        104.9        101.5        102.9           100.3         99.6
       1994             108.0        113.0        104.7        105.6           100.8         97.8

       1995             113.1        120.2        106.2        107.5           100.1         95.1
       1996             118.1        126.6        107.2        107.3            97.2         90.9
       1997             123.5        136.2        110.3        108.9            96.5         88.1
       1998             134.6        149.2        110.8        114.5           100.1         85.0
       1999             147.1        160.6        109.2        120.9           103.6         82.2
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             November 2, 2000
                                                               Source: Bureau of Labor Statistics


 Appendix table 3. 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
  -----------------------------------------------------------------------------------------------
       1949              34.9         30.9         88.5          8.6            47.1         24.7

       1950              35.2         32.5         92.5          9.0            48.6         25.6
       1951              36.2         34.0         94.0          9.8            48.8         27.0
       1952              37.2         35.0         93.9         10.3            50.4         27.6
       1953              37.8         36.2         95.6         10.8            52.5         28.5
       1954              39.4         36.0         91.3         11.3            54.8         28.8

       1955              41.0         38.9         94.8         11.7            56.5         28.4
       1956              42.6         40.6         95.1         12.4            59.2         29.1
       1957              43.8         40.8         93.2         13.1            60.7         30.0
       1958              45.1         40.5         89.8         13.6            61.3         30.2
       1959              46.2         43.4         93.9         14.1            63.0         30.5

       1960              47.5         44.3         93.2         14.7            64.7         31.0
       1961              48.8         45.0         92.3         15.2            66.1         31.2
       1962              49.8         47.0         94.4         15.7            67.6         31.5
       1963              51.5         48.6         94.4         16.2            68.8         31.5
       1964              53.7         51.3         95.5         16.9            70.8         31.5

       1965              53.7         53.2         99.1         17.3            71.3         32.2
       1966              54.2         55.6        102.7         18.0            72.3         33.3
       1967              57.0         58.3        102.3         19.1            74.3         33.5
       1968              58.6         60.8        103.8         20.5            76.5         35.0
       1969              60.0         62.8        104.6         22.0            77.9         36.6

       1970              61.7         62.6        101.5         23.6            79.0         38.2
       1971              64.6         64.5         99.8         24.9            79.7         38.5
       1972              67.6         69.3        102.5         26.1            81.0         38.5
       1973              67.9         70.6        104.0         28.1            82.3         41.4
       1974              69.8         70.4        100.9         31.3            82.6         44.9

       1975              72.4         68.0         93.9         34.9            84.2         48.1
       1976              74.2         73.2         98.7         37.7            86.0         50.7
       1977              76.9         77.6        100.9         40.9            87.7         53.2
       1978              77.8         79.8        102.6         44.4            89.1         57.1
       1979              76.7         78.9        102.8         48.7            89.2         63.5

       1980              76.5         76.6        100.1         54.3            89.5         70.9
       1981              76.9         76.8         99.9         59.5            89.8         77.4
       1982              80.3         75.8         94.4         65.6            93.4         81.6
       1983              81.4         78.1         95.9         68.0            93.1         83.6
       1984              82.9         81.9         98.8         70.7            92.9         85.2

       1985              86.5         84.0         97.1         74.7            95.0         86.3
       1986              89.1         86.7         97.3         77.7            97.1         87.2
       1987              90.8         90.3         99.4         79.8            96.5         87.9
       1988              92.2         93.0        100.9         83.7            97.6         90.7
       1989              91.8         93.5        101.9         86.5            96.7         94.3

       1990              94.0         95.4        101.4         91.0            96.9         96.8
       1991              96.0         95.3         99.3         95.8            98.4         99.9
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993             100.6        101.8        101.2        102.5            99.9        101.9
       1994             102.5        104.7        102.1        105.4           100.5        102.8

       1995             105.6        106.7        101.1        107.9           100.4        102.3
       1996             108.6        107.6         99.0        111.8           101.2        102.9
       1997             113.0        111.9         99.1        114.6           101.6        101.5
       1998             116.3        113.6         97.6        120.7           105.6        103.8
       1999             119.5        114.1         95.5        125.5           107.5        105.0
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             November 2, 2000
                                                               Source: Bureau of Labor Statistics

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