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				PRODUCTIVITY AND COSTS
			Second Quarter 2006, Preliminary
			
			
	The Bureau of Labor Statistics of the U.S. Department of Labor reported 
preliminary productivity data--as measured by output per hour of all persons-
-for the second quarter of 2006. The preliminary seasonally adjusted annual 
rates of productivity change in the second quarter were:

	  	1.1 percent in the business sector and
	  	1.1 percent in the nonfarm business sector.
	  
These rates of growth are lower than those in the previous quarter.  As 
revised, productivity increased 4.5 percent in the business sector and 4.3 
percent in the nonfarm business sector in the first quarter of 2006.

	In manufacturing, the preliminary productivity changes in the second 
quarter were:

	 	3.0 percent in manufacturing,
	 	3.8 percent in durable goods manufacturing, and
	 	2.6 percent in nondurable goods manufacturing.
	
Manufacturing productivity grew 3.0 percent in the second quarter as output 
increased 5.4 percent and hours increased 2.3 percent (seasonally adjusted 
annual rates).  Output and hours in manufacturing, which includes about 13 
percent of U.S. business-sector employment, tend to vary more from quarter to 
quarter than data for the aggregate business and nonfarm business sectors.  
Second-quarter measures are summarized in table A and appear in detail in 
tables 1 through 5.

==============================================================================
Data in this release reflect the regular multi-year revisions to the national 
income and product accounts released by the Bureau of Economic Analysis of 
the U.S. Department of Commerce on July 28.  The data also incorporate 
revised estimates of output in manufacturing and hours in all sectors.  See 
Revised Measures.
==============================================================================

        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 second-quarter 2006 measures
(Seasonally adjusted annual rates)
------------------------------------------------------------------------------						
							    Real
						Hourly	    hourly	Unit
			Produc-			compen-	    compen-	labor
Sector			tivity	Output	Hours	sation	    sation	cost
------------------------------------------------------------------------------	
			Percent change from preceding quarter
		
Business		 1.1	 2.6	 1.5	 5.1	     0.2	 4.0
Nonfarm business	 1.1	 2.5	 1.4	 5.4	     0.4	 4.2
Manufacturing		 3.0	 5.4	 2.3	 1.7	    -3.1	-1.2
  Durable		 3.8	 7.8	 3.9	 1.6	    -3.2	-2.1
  Nondurable		 2.6	 2.2	-0.4	 1.6	    -3.2	-1.0
  
			Percent change from same quarter a year ago
		
Business		 2.7	 4.0	 1.3	 5.9	     1.8	 3.1
Nonfarm business	 2.4	 3.9	 1.5	 5.7	     1.7	 3.2
Manufacturing		 3.8	 5.8	 1.9	 3.6	    -0.4	-0.2
  Durable		 6.0	 8.8	 2.6	 3.8	    -0.2	-2.1
  Nondurable		 1.1	 2.0	 0.8	 3.1	    -0.8	 1.9
------------------------------------------------------------------------------

Business

	From the first quarter to the second quarter of 2006, business sector 
output per hour increased at a 1.1-percent annual rate.  Output increased 2.6 
percent and hours of all persons engaged in the sector rose 1.5 percent 
(seasonally adjusted annual rates).  As revised, labor productivity grew 4.5 
percent in the first quarter of 2006, as output increased 6.7 percent and 
hours increased 2.1 percent (tables 1 and B).

	Hourly compensation increased 5.1 percent in the second quarter of 2006, 
less than the 6.9 percent gain in the first quarter (seasonally adjusted 
annual rates).  This measure of compensation includes wages and salaries, 
supplements, employer contributions to employee benefit plans, and taxes.  
Real hourly compensation, which takes into account changes in consumer 
prices, edged up 0.2 percent during the second quarter of 2006, after 
increasing 4.7 percent during the first quarter. 

        Unit labor costs, which reflect changes in both hourly compensation and 
productivity, increased 4.0 percent during the second quarter of 2006 after 
rising 2.3 percent in the previous quarter.  The implicit price deflator for 
the business sector, which reflects changes in both unit labor costs and unit 
nonlabor payments, increased 3.1 percent in the second quarter and 2.7 
percent in the first quarter.

Nonfarm Business

	Productivity increased 1.1 percent in the nonfarm business sector during 
the second quarter of 2006, as output increased 2.5 percent and hours of all 
persons rose 1.4 percent (seasonally adjusted annual rates).  Output per hour 
grew at a 4.3 percent annual rate in the first quarter of 2006, as output 
grew 6.7 percent and hours increased 2.3 percent (tables 2 and B). 

	Hourly compensation in the nonfarm business sector increased 5.4 percent 
in the second quarter of 2006, less than the 6.9-percent rise one quarter 
earlier.  When the rise in consumer prices is taken into account, real hourly 
compensation rose 0.4 percent in the second quarter of 2006 after increasing 
4.7 percent in the first quarter.

        Unit labor costs increased 4.2 percent in the second quarter, and 2.5 
percent in the first quarter, of 2006.  The implicit price deflator for 
nonfarm business output grew 3.4 percent in the second quarter, following a 
2.9-percent increase in the previous quarter.

Manufacturing

	Productivity increased 3.0 percent in manufacturing, as output grew 5.4 
percent and hours of all persons increased 2.3 percent (seasonally adjusted 
annual rates).  In the first quarter of 2006, productivity rose 3.7 percent, 
reflecting a 5.8-percent increase in output and a 2.0-percent rise in hours.  
In durable goods manufacturing, productivity rose 3.8 percent in the second 
quarter as output grew 7.8 percent and hours of all persons increased 3.9 
percent.  In nondurable goods industries, second-quarter productivity 
increased 2.6 percent as output rose 2.2 percent and hours fell 0.4 percent 
(tables 3, 4, and 5).

	Hourly compensation of all manufacturing workers rose 1.7 percent during 
the second quarter, reflecting similar growth in both manufacturing 
subsectors.  When the increase in consumer prices is taken into account, the 
real hourly compensation of all manufacturing workers fell 3.1 percent in the 
second quarter, after increasing 3.0 percent one quarter earlier.

	Unit labor costs in manufacturing declined 1.2 percent in the second 
quarter of 2006, reflecting decreases of 2.1 percent in durable goods 
industries and 1.0 percent in nondurable goods industries.  

Revised Measures

	Revised and previous measures for the first quarter of 2006 for the 
business, nonfarm business, and manufacturing sectors are compared in table 
B.  In business and nonfarm business, output and productivity were revised 
upward from the numbers reported on June 1, while hours movements were 
revised down.  In the manufacturing sector, productivity, output, and hours 
were all revised downward slightly.  In all three sectors, hourly 
compensation increases were revised up for the first quarter of 2006.  Unit 
labor costs were revised up in the business and nonfarm business sectors and 
also rose in manufacturing rather than falling as reported June 1. 

------------------------------------------------------------------------------
Table B. Previous and revised productivity and related measures
Quarterly percent changes at seasonally adjusted annual rates
------------------------------------------------------------------------------
							    Real
						Hourly	    hourly	Unit
			Produc-			compen-	    compen-	labor
Sector			tivity	Output	 Hours	sation	    sation	costs
------------------------------------------------------------------------------
						
				   First quarter 2006
Business:						
  Previous	         3.9	  6.4	  2.4	  5.4	      3.3        1.5
  Revised	         4.5	  6.7	  2.1	  6.9	      4.7	 2.3
  
Nonfarm business:					
  Previous               3.7	  6.5	  2.7	  5.3	      3.2	 1.6
  Revised	         4.3	  6.7	  2.3	  6.9	      4.7	 2.5
  
Manufacturing:						
  Previous	         3.8	  6.0	  2.1	  1.9	     -0.2	-1.9
  Revised	         3.7	  5.8	  2.0	  5.2	      3.0	 1.4
------------------------------------------------------------------------------

        Table C presents previous and revised productivity and related measures 
for major sectors for the years 2003, 2004, and 2005.  Output data for the 
business and nonfarm business sectors and the compensation series for all 
sectors incorporate the revised national income and product accounts data 
released by the Bureau of Economic Analysis, U.S. Department of Commerce, on 
July 28.  These revisions affected productivity and costs data beginning with 
the first quarter of 2003.  Revised quarterly data appear in tables 1 through 
5 and appendix tables 1 through 5. 

        Hours data underlying the major sector measures were also revised, due 
to incorporation of information on employment by legal form of organization 
from the 2002 Economic Census.  The proportion of employment in tax-exempt 
establishments is used to estimate the number of employees of non-profit 
institutions.  Hours worked by these employees are excluded from hours 
measures for the business sectors.
        

	Output and productivity growth in the business and nonfarm business 
sectors were revised downward in each year from 2003 to 2005.  For 2004 and 
2005, hourly compensation was revised down more than productivity in these 
sectors; increases in unit labor costs were smaller than shown in the June 1 
release. In 2003, hourly compensation was not revised and the downward 
revisions to productivity led to increases in unit labor costs. 

------------------------------------------------------------------------------
Table C. Previous and revised productivity and related measures
Annual percent changes 
------------------------------------------------------------------------------
							    Real
						Hourly	    hourly	Unit
			Produc-			compen-	    compen-	labor
Sector			tivity	Output	Hours	sation	    sation	cost
------------------------------------------------------------------------------		
						
        				Annual average 2005
Business:						
  Previous	         2.6	 4.0	 1.4	 5.1	     1.7	 2.4
  Revised	         2.3	 3.7	 1.4	 4.4	     1.0	 2.1
Nonfarm business:						
  Previous	         2.7	 4.2	 1.4	 5.1	     1.7	 2.3
  Revised	         2.3	 3.8	 1.5	 4.4	     1.0	 2.0
Manufacturing:						
  Previous	         5.0	 3.9	-1.1	 6.8	     3.3	 1.7
  Revised	         4.1	 3.0	-1.1	 4.6	     1.2	 0.5
  
        				Annual average 2004
Business:						
  Previous	         3.5	 4.8	 1.3	 4.7	     2.0	 1.2
  Revised	         3.1	 4.4	 1.3	 3.8	     1.1	 0.7
Nonfarm business:						
  Previous	         3.4	 4.8	 1.3	 4.6	     1.8	 1.1
  Revised	         3.0	 4.3	 1.3	 3.6	     0.9	 0.7
Manufacturing:						
  Previous	         5.5	 5.0	-0.5	 2.3	    -0.4	-3.1
  Revised	         1.9	 1.3	-0.5	 2.0	    -0.7	 0.1
  
        				Annual average 2003
        				
Business:						
  Previous	        4.1	 3.4	-0.7	 4.0	     1.7	-0.1
  Revised	        3.8	 3.1	-0.7	 4.0	     1.7	 0.2
Nonfarm business:						
  Previous	        3.9	 3.3	-0.6	 4.0	     1.6	 0.0
  Revised	        3.7	 3.1	-0.6	 4.0	     1.7	 0.3
Manufacturing:						
  Previous	        5.6	 0.5	-4.9	 8.3	     5.9	 2.5
  Revised	        6.2	 1.0	-4.9	 7.0	     4.6	 0.8
------------------------------------------------------------------------------
        

	Output data for the manufacturing sector also were revised.  Annual 
output indexes are constructed by BLS using data from the Bureau of the 
Census and the Bureau of Economic Analysis (BEA), both in the U.S. Department 
of Commerce, and BLS surveys.  Output measures now incorporate information 
from the 2004 Annual Survey of Manufactures.  Data for the 1998-2002 period 
also incorporate revisions to information from the 2002 Economic Census for 
manufacturing.  The BLS is now calculating intrasectoral transactions, 
subtracted to avoid double-counting, using BEA's 1997 input-output (I-O) 
table which was constructed using data collected on the North American 
Industry Classifications System (NAICS).  Earlier estimates of intrasectoral 
transactions were estimated using I-O tables based on the Standard Industrial 
Classification (SIC) system.  Revisions due to intrasectoral transactions 
affect all years of output data.  Revised annual data appear in appendix 
tables 7 through 9.

        In the manufacturing sector, growth in output and productivity were 
revised down in both 2004 and 2005.  Because hourly compensation was revised 
down more than productivity in 2005, the increase in unit labor costs was 
also revised downward.  In 2004, a large downward revision to productivity 
eclipsed the downward revision in hourly compensation, and unit labor costs 
edged up 0.1 percent  rather than falling 3.1 percent as reported June 1.  In 
2003, an upward revision in productivity combined with a downward revision in 
hourly compensation to yield a much smaller increase in unit labor costs than 
previously reported.  For the entire 1987 to 2005 period for which 
manufacturing data are available, the average annual rate of productivity 
growth was unchanged at 3.7 percent per year.  The revisions did lead to 
changes in recent periods; productivity growth from 1995 to 2000 was revised 
up from 4.1 percent per year to 4.7 percent per year, while the average rate 
of growth from 2000 to 2005 was revised down from 5.0 percent to 4.1 percent.

Revised Measures: Nonfinancial Corporations 

	Productivity and cost measures for the first quarter of 2006 for 
nonfinancial corporations also were revised to incorporate more recent 
information than was available in the June 1 release (table D).  Increases in 
productivity and output were revised up to 7.2 percent and 9.0 percent, 
respectively, and the first quarter increase in employee hours was revised 
down to 1.7 percent (seasonally adjusted annual rates).  Hourly compensation 
was revised up by less than productivity, and unit labor costs were revised 
to show a decline of 0.8 percent rather than the 1.3-percent increase 
reported June 1.  Unit profits in the first quarter were revised up from 13.1 
percent to 42.9 percent.  


------------------------------------------------------------------------------
Table D.  Nonfinancial corporations: Previous and revised productivity and 
cost measures
Percent changes at seasonally adjusted annual rates
------------------------------------------------------------------------------								
					      Real		
			            Hourly   hourly   Unit	      Implicit
             Produc-                compen-  compen-  labor  Unit     price
             tivity  Output  Hours  sation   sation   costs  profits  deflator
------------------------------------------------------------------------------	
								
				First quarter 2006
				
Previous...	3.7    5.8    2.0    5.0      2.9      1.3    13.1	3.2
Revised....	7.2    9.0    1.7    6.3      4.1     -0.8    42.9	3.1

				Annual average 2005
						
Previous...	4.9    6.4    1.4    5.3      1.9      0.4    14.8	1.4
Revised....	3.9    5.4    1.4    4.4      1.0      0.4    11.1	1.9

				Annual average 2004
						
Previous...	4.0    5.5    1.4    4.1      1.3      0.0    18.1	1.6
Revised....	3.7    5.1    1.3    3.2      0.5     -0.4    26.2	1.6

				Annual average 2003
						
Previous...	4.3    2.8   -1.4    4.0      1.6     -0.3    18.9	1.3
Revised....	3.6    2.1   -1.5    4.0      1.7      0.4    12.2	1.3
------------------------------------------------------------------------------

        Historical data for nonfinancial corporations also were revised due to 
incorporation of revised data on output and compensation from the national 
income and product accounts.  In addition, information from the 2002 Economic 
Census on employment in corporations led to revisions of hours worked in the 
nonfinancial corporate sector.

        For the year 2005, output and output per hour were revised down by 1.0 
percent.  Hourly compensation was revised down by a similar amount, and unit 
labor costs rose at the same 0.4 percent rate reported previously.  In 2004, 
the downward revision to hourly compensation was larger than that to 
productivity, and unit labor costs declined, rather than remaining unchanged, 
as reported June 1.  And in 2003, a downward revision to productivity growth 
resulted in unit labor costs rising 0.4 percent, rather than falling.  
Revised data for nonfinancial corporations appear in table 6 and appendix 
table 6.

				Next release date
				
	The next release of Productivity and Costs is scheduled for 8:30 a.m. 
EDT, Wednesday, Sept. 6, 2006.  Revised second-quarter measures for business, 
nonfarm business, and manufacturing will be released at that time, along with 
preliminary measures for nonfinancial corporations.
         



				TECHNICAL NOTES

Labor Hours: Hours data for the labor productivity and cost measures include 
hours for all persons working in the sector--wage and salary workers, the 
self-employed and unpaid family workers.  The primary source of hours and em-
ployment data is the BLS Current Employment Statistics (CES) program, which 
provides monthly survey data on the number of jobs held by wage and salary 
workers in nonfarm establishments.  The CES also provides average weekly paid 
hours of production and nonsupervisory workers in these establishments.  
Weekly paid hours are adjusted to hours at work using data from the National 
Compensation Survey (NCS).  The BLS Hours at Work survey, conducted for this 
purpose, was used for earlier years.  The Office of Productivity and 
Technology estimates average weekly hours at work for nonproduction and 
supervisory workers using information from the Current Population Survey 
(CPS), the CES, and the NCS.
      Data from the CPS are used for farm labor, nonfarm proprietors, and 
nonfarm unpaid family workers.  Estimates of labor input for government 
enterprises are derived from the CPS, the CES, and the National Income and 
Product Accounts (NIPA) prepared by the Bureau of Economic Analysis (BEA) of 
the Department of Commerce.
      The CES measures jobs, counting a person who is employed by two or more 
establishments at each place of employment. In contrast, the CPS features 
measures of employment that count each person only once and classify each 
person according to his or her primary job; hours worked at all jobs by that 
person accrue to his or her primary job.  However, the CPS also collects more 
detailed information on employment and hours worked at primary jobs and all 
other jobs, separately.  The BLS productivity measures use the more detailed 
information on employment and hours to assign all hours worked to the correct 
industrial sector and avoid duplicating hours data from the CES.

Output: Business sector output is an annual-weighted index constructed after 
excluding from gross domestic product (GDP) the following outputs: general 
government, nonprofit institutions, and private households (including owner-
occupied housing). Corresponding exclusions also are made in labor inputs. 
Business output accounted for about 78 percent of the value of GDP in 2000. 
Nonfarm business, which also excludes farming, accounted for about 77 percent 
of GDP in 2000.
      Annual indexes for manufacturing and its durable and nondurable goods 
components are constructed by deflating current-dollar industry value of 
production data from the U.S. Bureau of the Census with deflators from the 
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 manufac-
turing; computer and electronic product manufacturing; electrical equipment 
and appliance manufacturing; transportation equipment manufacturing; 
furniture and related product manufacturing; and miscellaneous manufacturing. 
Nondurables include: food manufacturing; beverage and tobacco product 
manufacturing; textile mills; textile product mills; apparel manufacturing; 
leather and allied product manufacturing; paper manufacturing; printing and 
related support activities; petroleum and coal products manufacturing; 
chemical manufacturing; and plastics and rubber products manufacturing.
      Nonfinancial corporate output is an annual-weighted index calculated on 
the basis of the costs incurred and the incomes earned from production.  The 
output measure excludes the following outputs from GDP: general government; 
nonprofit institutions; private households; unincorporated business; and 
those corporations classified as offices of bank holding companies, offices 
of other holding companies, or offices in the finance and insurance sector. 
Nonfinancial corporations accounted for about 54 percent of the value of GDP 
in 2000.
      
Productivity: These productivity measures describe the relationship between 
real output and the labor time involved in its production. They show the 
changes from period to period in the amount of goods and services produced 
per hour. Although these measures relate output to hours at work of all 
persons engaged in a sector, they do not measure the specific contribution of 
labor, capital, or any other factor of production. Rather, they reflect the 
joint effects of many influences, including changes in technology; capital 
investment; level of output; utilization of capacity, energy, and materials; 
the organization of production; managerial skill; and the characteristics and 
effort of the work force.

Labor Compensation: Estimates of labor compensation by major sector, required 
for measures of hourly compensation and unit labor costs, are based primarily 
on employee compensation data from the NIPA, prepared by the BEA.   The 
compensation of employees in general government, nonprofit institutions and 
private households are subtracted from compensation of domestic employees to 
derive employee compensation for the business sector. The labor compensation 
of proprietors cannot be explicitly identified and must be estimated.   This 
is done by assuming that proprietors have the same hourly compensation as 
employees in the same sector.  The quarterly labor productivity and cost 
measures do not contain estimates of compensation for unpaid family workers.  
        
Unit Labor Costs:  The measures of unit labor costs in this release describe 
the relationship between compensation per hour and productivity, or real 
output per hour, and can be used as an indicator of inflationary pressure on 
producers.  Increases in hourly compensation increase unit labor costs; labor 
productivity increases offset compensation increases and lower unit labor 
costs. 

Presentation of the data:  The quarterly data in this release are presented 
in three ways; as index number series where 1992=100, as percent changes from 
the corresponding quarter of the previous year, and as percent changes from 
the previous quarter presented at a compound annual rate.  Annual data are 
presented both as index number series and percent changes from the previous 
year.  
	The index numbers and rates of change reported in the productivity and 
costs news release are rounded to one decimal place.  All percent changes in 
this release and on the BLS web site are calculated using index numbers to 
three decimal places.  These index numbers are available at the BLS web site, 
http://www.bls.gov/data/home.htm, or by contacting the BLS Division of Major 
Sector Productivity.  (Telephone 202-691-5606 or email DPRWEB@BLS.GOV)
        
        Information in this release will be made available to sensory-impaired 
individuals upon request. Voice phone: 202-691-5606; Federal Relay Service 
number: 1-800-877-8339.




  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

  2004       I    r131.4     r151.7    r115.5    r154.4      r118.5     r117.5      r122.9     r119.5
            II    r132.8     r153.5    r115.6    r155.8      r118.3     r117.3      r126.2     r120.6
           III    r133.0     r154.8    r116.4    r157.5      r119.1     r118.5      r125.5     r121.1
            IV    r133.5     r155.8    r116.7    r160.1      r120.0     r119.9      r125.8     r122.1

        ANNUAL    r132.7     r154.0    r116.1    r157.0      r119.0     r118.3      r125.1     r120.8

  2005       I    r134.5     r157.4    r117.0    r161.6      r120.4     r120.1      r127.9     r123.0
            II    r134.9     r159.0    r117.9    r162.0      r119.5     r120.0      r130.0     r123.7
           III    r136.6     r160.9    r117.8    r165.2      r120.3     r121.0      r131.1     r124.7
            IV    r136.7     r161.7    r118.3    r166.5      r120.3     r121.8      r132.3     r125.7

        ANNUAL    r135.7     r159.8    r117.7    r163.8      r120.2     r120.7      r130.3     r124.3

  2006       I    r138.2     r164.3    r118.9    r169.3      r121.7     r122.5      r133.4     r126.6
            II     138.6      165.4     119.3     171.5       121.7      123.7       133.9      127.5
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2004       I      r3.2       r4.5       1.2      r2.1       r-1.5      r-1.1       r11.8       r3.6
            II      r4.5       r4.8       0.3      r3.5       r-0.5      r-0.9       r11.1       r3.6
           III      r0.5       r3.4      r2.9      r4.7        r2.5       r4.1       r-2.0       r1.7
            IV      r1.6       r2.6      r1.0      r6.7        r3.0       r5.0        r0.9       r3.4

        ANNUAL      r3.1       r4.4       1.3      r3.8        r1.1       r0.7        r5.8       r2.6

  2005       I      r3.1       r4.2      r1.0      r3.9        r1.5       r0.7        r6.7       r3.0
            II      r1.2       r4.1      r2.9      r0.8       r-2.9      r-0.4        r6.6       r2.3
           III      r5.0       r4.9      -0.1      r8.3        r2.7       r3.2        r3.6       r3.3
            IV       0.2        1.8       1.6      r3.1       r-0.2       r2.9        r3.6       r3.2

        ANNUAL      r2.3       r3.7       1.4      r4.4        r1.0       r2.1        r4.2       r2.9

  2006       I      r4.5       r6.7      r2.1      r6.9        r4.7       r2.3        r3.3       r2.7
            II       1.1        2.6       1.5       5.1         0.2        4.0         1.7        3.1
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2004       I      r4.5       r5.1       0.6      r4.3        r2.4      r-0.1        r5.5        1.9
            II      r3.8       r5.2      r1.3      r3.3        r0.5      r-0.5        r8.1        2.7
           III      r1.7       r3.5       1.7      r3.3        r0.6       r1.6        r4.5       r2.7
            IV      r2.5       r3.8       1.3      r4.2        r0.9       r1.7        r5.3       r3.1

        ANNUAL      r3.1       r4.4       1.3      r3.8        r1.1       r0.7        r5.8       r2.6

  2005       I      r2.4       r3.8      r1.3      r4.7        r1.6       r2.2        r4.1       r2.9
            II      r1.6       r3.6       1.9      r4.0        r1.0       r2.3        r3.0       r2.6
           III      r2.7       r3.9      r1.2      r4.9        r1.1       r2.1        r4.4       r3.0
            IV       2.4        3.7       1.3      r4.0        r0.3       r1.6        r5.1        3.0

        ANNUAL      r2.3       r3.7       1.4      r4.4        r1.0       r2.1        r4.2       r2.9

  2006       I      r2.7       r4.4      r1.6      r4.8        r1.1       r2.0        r4.3       r2.9
            II       2.7        4.0       1.3       5.9         1.8        3.1         3.1        3.1
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 8, 2006
  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

  2004       I    r130.5     r151.9    r116.4    r153.4      r117.8     r117.6      r123.6     r119.8
            II    r132.2     r153.9    r116.4    r154.8      r117.6     r117.2      r126.8     r120.7
           III    r132.2     r155.1    r117.3    r156.6      r118.3     r118.4      r126.6     r121.4
            IV    r132.4     r156.0    r117.8    r158.7      r118.9     r119.9      r127.0     r122.5

        ANNUAL    r131.8     r154.2    r117.0    r155.9      r118.2     r118.3      r126.0     r121.1

  2005       I    r133.5     r157.6    r118.0    r160.4      r119.5     r120.1      r129.4     r123.5
            II    r134.3     r159.4    r118.6    r161.0      r118.9     r119.9      r131.8     r124.3
           III    r135.8     r161.3    r118.8    r164.1      r119.5     r120.9      r133.1     r125.3
            IV    r135.8     r162.0    r119.3    r165.3      r119.4     r121.7      r134.3     r126.4

        ANNUAL    r134.9     r160.0    r118.7    r162.7      r119.3     r120.7      r132.2     r124.9

  2006       I    r137.2     r164.6    r120.0    r168.0      r120.8     r122.5      r135.4     r127.3
            II     137.6      165.6     120.4     170.2       120.9      123.8       136.2      128.3
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2004       I      r1.9       r3.6       1.7      r1.3       r-2.2      r-0.5       r10.8        3.6
            II      r5.1       r5.2       0.1      r3.7       r-0.4      r-1.4       r10.6       r3.1
           III      r0.2       r3.2      r3.0      r4.5        r2.3       r4.3       r-0.6       r2.4
            IV      r0.4       r2.4      r2.0      r5.6        r2.0       r5.1        r1.3       r3.7

        ANNUAL      r3.0       r4.3       1.3      r3.6        r0.9       r0.7        r5.4       r2.4

  2005       I      r3.6       r4.2      r0.6      r4.3        r1.9       r0.7        r7.7       r3.3
            II      r2.3        4.4      r2.1      r1.6       r-2.0      r-0.7        r7.8       r2.5
           III      r4.4       r4.9       0.4      r7.8        r2.2       r3.3        r3.9        3.5
            IV     r-0.1       r1.8       1.8      r2.9       r-0.4       r3.0        r3.7       r3.3

        ANNUAL      r2.3       r3.8      r1.5      r4.4        r1.0       r2.0        r4.9       r3.1

  2006       I      r4.3       r6.7      r2.3      r6.9        r4.7       r2.5        r3.4        2.9
            II       1.1        2.5       1.4       5.4         0.4        4.2         2.2        3.4
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2004       I      r4.3       r5.1      r0.7      r4.2        r2.3      r-0.1         4.5       r1.6
            II      r4.1       r5.3       1.2      r3.4        r0.6      r-0.7        r7.3       r2.3
           III      r1.6       r3.4       1.7      r3.2        r0.4       r1.5        r4.2       r2.5
            IV      r1.9       r3.6       1.7      r3.8        r0.4       r1.8        r5.4       r3.2

        ANNUAL      r3.0       r4.3       1.3      r3.6        r0.9       r0.7        r5.4       r2.4

  2005       I      r2.3       r3.8       1.4      r4.5        r1.5       r2.2        r4.7       r3.1
            II      r1.6       r3.6      r1.9      r4.0        r1.0       r2.3        r4.0       r3.0
           III      r2.7       r4.0      r1.3      r4.8        r1.0       r2.1        r5.1       r3.3
            IV       2.5       r3.8       1.2      r4.1        r0.4       r1.6        r5.7        3.2

        ANNUAL      r2.3       r3.8      r1.5      r4.4        r1.0       r2.0        r4.9       r3.1

  2006       I      r2.7       r4.4       1.7      r4.8        r1.1       r2.0        r4.7       r3.0
            II       2.4        3.9       1.5       5.7         1.7        3.2         3.3        3.3
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 8, 2006
  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

  2004       I           r161.8       r138.1         85.4       r157.5         r120.8         r97.3
            II           r163.3       r138.9         85.0       r159.8         r121.4         r97.8
           III           r164.0       r139.3         84.9       r163.0         r123.2         r99.4
            IV           r166.1       r140.3         84.4       r165.5         r124.0         r99.6

        ANNUAL           r163.8       r139.1         84.9       r161.4         r122.3         r98.5

  2005       I           r168.1       r141.7         84.3       r166.1         r123.7         r98.8
            II           r169.7       r142.2         83.8       r167.8         r123.8         r98.9
           III           r171.2       r143.1         83.6       r170.7         r124.3         r99.7
            IV           r173.2       r146.3         84.5       r170.9         r123.4         r98.7

        ANNUAL           r170.5       r143.3         84.0       r168.8         r123.8         r99.0

  2006       I           r174.8       r148.4        r84.9       r173.0         r124.4         r99.0
            II            176.1        150.4         85.4        173.8          123.4          98.7
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2004       I            r-2.1         r0.1          2.2       r-10.6         r-13.7         r-8.7
            II             r3.9         r2.2         -1.6         r5.9           r1.8          r2.0
           III             r1.7         r1.2         -0.4         r8.3           r6.0          r6.5
            IV             r5.2         r2.8         -2.3         r6.3           r2.7          r1.0

        ANNUAL             r1.9         r1.3         -0.5         r2.0          r-0.7          r0.1

  2005       I              4.8          4.2         -0.5         r1.5          r-0.8         r-3.2
            II              3.9          1.2         -2.5         r4.0           r0.3          r0.2
           III              3.7          2.6         -1.0         r7.1           r1.5          r3.2
            IV              4.7          9.4          4.6         r0.5          r-2.7         r-4.0

        ANNUAL             r4.1         r3.0         -1.1         r4.6           r1.2          r0.5

  2006       I             r3.7         r5.8         r2.0         r5.2           r3.0          r1.4
            II              3.0          5.4          2.3          1.7           -3.1          -1.2
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2004       I             r2.4         r0.6         -1.8         r1.9           r0.0         r-0.5
            II             r2.3         r1.7         -0.6         r1.6          r-1.1         r-0.7
           III             r0.6         r1.5          0.9         r2.3          r-0.4          r1.7
            IV             r2.1         r1.6         -0.6         r2.2          r-1.1          r0.0

        ANNUAL             r1.9         r1.3         -0.5         r2.0          r-0.7          r0.1

  2005       I             r3.9         r2.6         -1.2         r5.5           r2.4          r1.5
            II             r3.9         r2.4         -1.5         r5.0           r2.0          r1.1
           III             r4.4         r2.7         -1.6         r4.7           r0.9          r0.3
            IV             r4.3          4.3          0.1         r3.2          r-0.5         r-1.0

        ANNUAL             r4.1         r3.0         -1.1         r4.6           r1.2          r0.5

  2006       I              4.0         r4.7          0.7         r4.2           r0.5          r0.2
            II              3.8          5.8          1.9          3.6           -0.4          -0.2
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  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

  2004       I           r184.0       r164.2         89.2       r153.6         r117.9         r83.5
            II           r185.0       r164.6         89.0       r156.4         r118.9         r84.6
           III           r185.5       r165.7         89.3       r159.8         r120.8         r86.1
            IV           r188.2       r167.3         88.9       r161.7         r121.2         r85.9

        ANNUAL           r185.7       r165.4         89.1       r157.9         r119.7         r85.0

  2005       I           r191.3       r170.1         88.9       r161.7         r120.5         r84.5
            II           r193.2       r171.1         88.6       r162.8         r120.2         r84.3
           III           r196.3       r174.0         88.7       r165.8         r120.8         r84.5
            IV           r201.0       r180.3         89.7       r165.8         r119.8         r82.5

        ANNUAL           r195.4       r173.9         89.0       r164.1         r120.3         r83.9

  2006       I           r202.9       r182.6        r90.0       r168.3         r121.0         r83.0
            II            204.8        186.1         90.9        169.0          120.0          82.5
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2004       I            r-3.9         r0.1          4.2       r-16.1         r-19.0        r-12.7
            II             r2.1         r0.8         -1.2         r7.5           r3.3          r5.3
           III             r1.1         r2.7          1.5         r8.9           r6.6          r7.6
            IV             r6.0         r4.0         -1.9         r5.0           r1.4         r-1.0

        ANNUAL             r1.1         r1.8          0.6         r0.7          r-1.9         r-0.4

  2005       I             r6.6          6.8          0.1         r0.0          r-2.3         r-6.3
            II              4.0          2.6         -1.4         r2.8          r-1.0         r-1.2
           III              6.5          7.0          0.4         r7.5           r1.9          r0.9
            IV              9.9         15.2          4.8         r0.0          r-3.2         r-9.0

        ANNUAL             r5.3         r5.1         -0.1         r3.9           r0.5         r-1.3

  2006       I             r3.8         r5.3         r1.4         r6.1           r3.9          r2.2
            II              3.8          7.8          3.9          1.6           -3.2          -2.1
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2004       I             r2.2         r1.3         -1.0          0.4           -1.4         r-1.8
            II             r1.8         r2.2          0.4         r0.5          r-2.3         r-1.3
           III            r-0.7         r1.8          2.5          1.2           -1.5          r1.9
            IV             r1.3         r1.9          0.6         r0.8          r-2.5         r-0.5

        ANNUAL             r1.1         r1.8          0.6         r0.7          r-1.9         r-0.4

  2005       I             r3.9         r3.5         -0.4         r5.3           r2.2          r1.3
            II             r4.4         r4.0         -0.4         r4.1           r1.1         r-0.3
           III             r5.8         r5.1         -0.7         r3.8           r0.0         r-1.9
            IV              6.8          7.8          1.0         r2.5          r-1.2         r-4.0

        ANNUAL             r5.3         r5.1         -0.1         r3.9           r0.5         r-1.3

  2006       I              6.0          7.4          1.3         r4.1           r0.4         r-1.9
            II              6.0          8.8          2.6          3.8           -0.2          -2.1
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  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

  2004       I           r139.4       r110.9         79.6       r163.0         r125.1        r116.9
            II           r141.6       r112.0         79.1       r164.2         r124.8        r116.0
           III           r142.7       r111.9         78.4       r166.9         r126.2        r117.0
            IV           r144.2       r112.2         77.8       r170.5         r127.8        r118.2

        ANNUAL           r142.0       r111.8         78.7       r166.1         r125.9        r117.0

  2005       I           r145.2       r112.5         77.5       r172.3         r128.4        r118.7
            II           r146.7       r112.4         76.6       r175.0         r129.1        r119.3
           III           r147.0       r111.6         75.9       r177.5         r129.3        r120.8
            IV           r146.3       r112.2         76.7       r178.1         r128.7        r121.8

        ANNUAL           r146.3       r112.2         76.7       r175.7         r128.9        r120.1

  2006       I           r147.4       r114.0        r77.3       r179.7         r129.1        r121.9
            II            148.4        114.6         77.2        180.4          128.1         121.6
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2004       I             r1.2         r0.1         -1.1         r0.3          r-3.2         r-0.8
            II             r6.5         r4.0         -2.3         r3.1          r-0.9         r-3.2
           III             r3.2        r-0.6         -3.6         r6.8           r4.5          r3.5
            IV             r4.4         r1.4         -2.8         r8.8           r5.1          r4.3

        ANNUAL             r3.3         r0.8         -2.4          4.2            1.5          r0.9

  2005       I              2.7          0.9         -1.7         r4.3           r1.9          r1.5
            II              4.2         -0.4         -4.4         r6.3           r2.5          r2.0
           III              0.7         -2.8         -3.5         r5.9           r0.4          r5.2
            IV             -1.9          2.3          4.2         r1.4          r-1.9          r3.3

        ANNUAL             r3.0         r0.4         -2.6         r5.8           r2.3          r2.6

  2006       I             r3.2         r6.4         r3.1         r3.6           r1.4          r0.3
            II              2.6          2.2         -0.4          1.6           -3.2          -1.0
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2004       I             r2.9        r-0.3         -3.1         r4.6           r2.7          r1.6
            II             r3.4         r1.2         -2.2         r3.6           r0.8          r0.2
           III             r3.0         r1.2         -1.7         r4.0           r1.2          r0.9
            IV             r3.8         r1.2         -2.5         r4.7           r1.3          r0.9

        ANNUAL             r3.3         r0.8         -2.4          4.2            1.5          r0.9

  2005       I             r4.2         r1.4         -2.6         r5.7           r2.6          r1.5
            II             r3.6         r0.3         -3.2         r6.5           r3.5          r2.8
           III             r3.0        r-0.3         -3.1         r6.3           r2.5          r3.2
            IV              1.4          0.0         -1.4         r4.5           r0.7          r3.0

        ANNUAL             r3.0         r0.4         -2.6         r5.8           r2.3          r2.6

  2006       I             r1.5         r1.3        r-0.2         r4.3           r0.6          r2.7
            II              1.1          2.0          0.8          3.1           -0.8           1.9
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  r=revised                                                       Source: Bureau of Labor Statistics





  Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
  and prices, seasonally adjusted
 
                Output                      Hourly    Real                Unit     Total    Unit   Implicit
      Year      per all-                    compen-   hourly     Unit     non-     unit     pro-   price
      and       employee          Employee  sation    compen-    labor    labor    costs    fits   deflator
      quarter   hour      Output  hours      (1)      sation(2)  costs    costs(6) (7)      (8)      (4)
  ----------------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  2004       I   r137.6   r159.6    r116.1   r151.8    r116.5    r110.4   r109.1   r110.0   r131.2   r111.9
            II   r138.6   r161.1    r116.2   r153.2    r116.4    r110.5   r109.3   r110.2   r139.2   r112.8
           III   r140.5   r164.0    r116.8   r155.0    r117.1    r110.3   r109.2   r110.0   r142.3   r112.9
            IV   r141.0   r165.3    r117.2   r157.1    r117.7    r111.4   r109.3   r110.8   r142.4   r113.7

        ANNUAL   r139.4   r162.5    r116.6   r154.3    r116.9    r110.7   r109.2   r110.3   r138.8    112.8

  2005       I   r142.8   r167.5    r117.4   r158.6    r118.2    r111.1   r110.3   r110.9   r148.5   r114.2
            II   r144.5   r170.6    r118.1   r159.3    r117.6    r110.2   r110.2   r110.2   r159.0   r114.6
           III   r145.6   r172.3    r118.3   r162.4    r118.3    r111.6   r112.6   r111.9   r149.9   r115.3
            IV   r146.7   r174.7    r119.1   r163.6    r118.2    r111.5   r110.5   r111.3   r159.6   r115.6

        ANNUAL   r144.9   r171.3    r118.2   r161.0    r118.1    r111.1   r110.9   r111.1   r154.3   r114.9

  2006       I   r149.3   r178.5    r119.6   r166.1    r119.4    r111.3   r109.3   r110.8   r174.5   r116.5
  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  2004       I     r2.9     r5.6       2.7    r-0.5     r-3.9     r-3.3    r-3.6    r-3.4    r53.5     r1.2
            II     r3.1     r3.6      r0.5     r3.7     r-0.3      r0.6     r1.1     r0.7    r27.1     r3.3
           III     r5.5     r7.6       2.0     r4.7      r2.5     r-0.8    r-0.5    r-0.7     r9.2     r0.4
            IV     r1.6     r3.2       1.5     r5.6      r2.0      r4.0     r0.3     r3.0     r0.2     r2.7

        ANNUAL     r3.7     r5.1      r1.3     r3.2      r0.5     r-0.4    r-1.8    r-0.8    r26.2      1.6

  2005       I     r5.0     r5.5      r0.5     r4.0      r1.6     r-1.0     r3.6     r0.2    r18.1     r2.1
            II     r4.9     r7.4       2.4     r1.6     r-2.1     r-3.2    r-0.1    r-2.4    r31.5     r1.2
           III     r3.0     r4.1       1.0     r8.2      r2.6      r5.0     r9.1     r6.1   r-21.0     r2.4
            IV     r3.2     r5.8      r2.6     r3.0     r-0.3     r-0.1    r-7.4    r-2.1    r28.5     r1.1

        ANNUAL     r3.9     r5.4       1.4     r4.4      r1.0       0.4     r1.5     r0.7    r11.1     r1.9

  2006       I     r7.2     r9.0      r1.7     r6.3      r4.1     r-0.8    r-4.4    r-1.8    r42.9     r3.1
  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  2004       I     r4.3     r4.9      r0.6     r3.8      r2.0     r-0.4    r-3.3    r-1.2    r27.3     r1.2
            II     r3.7     r5.0      r1.2     r2.9      r0.1     r-0.8    r-1.6    r-1.0    r31.5     r1.8
           III     r3.5      5.3       1.8     r2.8      r0.0     r-0.7    r-1.5    r-0.9    r26.1      1.5
            IV     r3.3     r5.0       1.7     r3.4      r0.0      r0.1    r-0.7     -0.1    r20.9     r1.9

        ANNUAL     r3.7     r5.1      r1.3     r3.2      r0.5     r-0.4    r-1.8    r-0.8    r26.2      1.6

  2005       I     r3.8     r5.0       1.1     r4.5      r1.5      r0.7     r1.1     r0.8    r13.2     r2.1
            II     r4.3     r5.9       1.6     r4.0      r1.0     r-0.3     r0.8     r0.0    r14.2     r1.6
           III     r3.6     r5.0      r1.4     r4.8      r1.0      r1.1     r3.1     r1.7     r5.3     r2.1
            IV     r4.0     r5.7       1.6     r4.2      r0.4      r0.1     r1.1     r0.4    r12.0     r1.7

        ANNUAL     r3.9     r5.4       1.4     r4.4      r1.0       0.4     r1.5     r0.7    r11.1     r1.9

  2006       I     r4.6     r6.6      r1.9     r4.7      r1.0      r0.2    r-0.9    r-0.1    r17.5     r1.9
  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        August 8, 2006
  r=revised                                                               Source: Bureau of Labor Statistics

  





SOURCES:  Output data are from the Bureau of Economic Analysis and the Census 
Bureau of the U.S. Department of Commerce; the Bureau of Labor Statistics, 
U.S. Department of Labor; and the Federal Reserve Board.  Compensation and 
hours data are from the Bureau of Labor Statistics and the Bureau of Economic 
Analysis.

RELIABILITY:  Productivity and cost measures are regularly revised as more 
complete information becomes available.  The measures are first published 
within 40 days of the close of the reference period; revisions appear 30 days 
later, and second revisions after an additional 60 days.  In the business 
sector, the third publication (second revision) of a quarterly index of 
output per hour of all persons has differed from the initial value by between 
-1.4 and +1.3 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 first quarter of 2006.

			Footnotes, Tables 1-6

(1)  Wages and salaries of employees plus employers' contributions for social 
insurance and private benefit plans.  Except for nonfinancial 
corporations, where there are no self-employed, data also include an 
estimate of wages, salaries, and supplemental payments for the self-
employed.

(2)  The change for recent quarters is based on the Consumer Price Index for 
all urban consumers (CPI-U).  The trend from 1978-2005 is based on the 
Consumer Price Index research series (CPI-U-RS).

(3)  Unit nonlabor payments include profits, consumption of fixed capital, 
taxes on production and imports less subsidies, net interest and 
miscellaneous payments, business current transfer payments, rental 
income of persons, and the current surplus of government enterprises.
(4)  Current dollar output divided by the output index.

(5)  Quarterly changes:  Percent change compounded at annual rate from the 
original data rather than index numbers.  Annual changes:  Percent 
change between annual average levels.

(6)  Unit nonlabor costs include consumption of fixed capital, taxes on 
production and imports less subsidies, net interest and miscellaneous 
payments, and business current transfer payments.

(7)  Total unit costs are the sum of unit labor and nonlabor costs.

(8)  Unit profits include corporate profits before tax with inventory 
valuation and capital consumption adjustments.



Appendix table 1.  Business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted
                                                             Real
     Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
     and        hour of                of all    tion per    tion per    labor    labor pay-  price
     quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
  ---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

  2001       I   r117.2      141.1    r120.4    r139.0      r113.1     r118.6      r106.4      114.1
            II   r118.8      141.4    r119.1    r140.0      r113.2     r117.9      r109.9      114.9
           III   r119.3      140.3    r117.7    r140.8      r113.5     r118.0      r110.4      115.2
            IV   r121.1      141.0    r116.3    r141.8      r114.4     r117.0      r113.1      115.6

        ANNUAL   r119.1      141.0    r118.4    r140.4      r113.5     r117.9      r110.0      114.9

  2002       I   r122.8      141.9    r115.5    r143.8      r115.6     r117.1      r113.2      115.6
            II   r123.4      142.6    r115.5    r145.5      r116.1     r117.9      r112.6      115.9
           III   r124.8      143.8    r115.2    r146.1      r116.0     r117.1      r114.7      116.2
            IV   r124.8      144.0    r115.4    r146.2      r115.3     r117.1      r116.0      116.7

        ANNUAL   r124.0      143.1    r115.4    r145.4      r115.7     r117.3      r114.1      116.1

  2003       I   r125.8     r144.4    r114.8    r148.0      r115.7     r117.7      r116.5     r117.3
            II   r128.0     r146.0    r114.1    r150.8      r117.8     r117.8      r116.7     r117.4
           III   r130.8     r149.7    r114.5    r152.5      r118.4     r116.6      r120.2     r118.0
            IV   r130.3     r150.1    r115.2    r153.6      r118.9     r117.9      r119.5     r118.5

        ANNUAL   r128.7     r147.5    r114.6    r151.2      r117.7     r117.5      r118.3     r117.8

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2001       I    r-0.6       -1.1      -0.5       6.8         2.9        7.5        -5.7        2.7
            II     r5.5        0.8      -4.4      r2.9        r0.1       -2.5        13.8        3.0
           III      1.6       -3.1      -4.6      r2.2        r1.1        0.5         1.8        1.0
            IV     r6.5        1.8     r-4.4      r2.9        r3.3       -3.3        10.0        1.3

        ANNUAL     r2.6        0.3     r-2.2       4.2        r1.4        1.6        r2.5        2.0

  2002       I     r5.7        2.6     r-2.9      r5.8        r4.3        0.1         0.3        0.2
            II      1.9        2.1      r0.1       4.7        r1.7        2.7        -1.9        1.0
           III     r4.7        3.6     r-1.0      r1.9       r-0.4       -2.6         7.8        1.0
            IV      0.0        0.5      r0.5      r0.1       r-2.2        0.1         4.5        1.7

        ANNUAL     r4.1        1.5     r-2.5      r3.6        r2.0       -0.5         3.8        1.0

  2003       I     r3.0       r1.1      -1.9      r5.1        r1.2       r2.1        r1.7       r1.9
            II     r7.3       r4.6      -2.5      r7.7        r7.5       r0.4        r0.8        0.6
           III     r8.9      r10.4       1.3      r4.6        r2.1      r-4.0       r12.2       r1.8
            IV    r-1.4       r1.1       2.5      r2.9        r1.8       r4.3       r-2.1       r1.8

        ANNUAL     r3.8       r3.1      -0.7       4.0         1.7       r0.2        r3.6       r1.5

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2001       I      2.6        1.8     r-0.8       4.8        r1.4        2.1         1.1        1.8
            II      2.0        0.2     r-1.8      r5.1         1.7        3.0         0.4        2.1
           III      2.7       -0.4     r-3.0      r3.7        r1.0        0.9         3.9        2.0
            IV     r3.2       -0.4     r-3.5      r3.7         1.8        0.5         4.7        2.0

        ANNUAL     r2.6        0.3     r-2.2       4.2        r1.4        1.6        r2.5        2.0

  2002       I     r4.8        0.5     r-4.1      r3.4        r2.2       -1.3         6.3        1.3
            II     r3.9        0.8     r-3.0      r3.9        r2.6        0.0        r2.4        0.9
           III     r4.7        2.5     r-2.1      r3.8        r2.2       -0.8         3.9        0.9
            IV      3.0        2.2      -0.8      r3.1         0.8        0.1         2.6        1.0

        ANNUAL     r4.1        1.5     r-2.5      r3.6        r2.0       -0.5         3.8        1.0

  2003       I     r2.4       r1.8      -0.6      r3.0        r0.1       r0.6        r3.0        1.4
            II     r3.7       r2.4      -1.2       3.7         1.5       r0.0        r3.7        1.3
           III     r4.7       r4.0      -0.7      r4.4        r2.1      r-0.4        r4.7       r1.5
            IV     r4.4       r4.2      -0.2      r5.1        r3.1       r0.7        r3.0       r1.5

        ANNUAL     r3.8       r3.1      -0.7       4.0         1.7       r0.2        r3.6       r1.5

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 8, 2006
  r=revised                                                              Source: Bureau of Labor Statistics




Appendix table 1 continued.  Business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted
                                                             Real
     Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
     and        hour of                of all    tion per    tion per    labor    labor pay-  price
     quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
  ---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

  1998       I   r108.5      126.5    r116.6    r117.6      r103.7     r108.3      r111.5      109.5
            II   r108.7      127.4    r117.2    r119.1      r104.8     r109.6      r109.4      109.5
           III   r110.0      129.0    r117.3    r121.0      r106.0     r110.0      r109.3      109.7
            IV   r110.6      131.5    r118.8    r121.8      r106.2     r110.1      r109.7      109.9

        ANNUAL   r109.5      128.6    r117.5    r119.9      r105.2     r109.5      r110.0      109.7

  1999       I   r111.8      132.7    r118.6    r124.3      r108.0     r111.2      r108.8      110.3
            II   r112.0      133.9    r119.5    r124.7      r107.6     r111.3      r109.1      110.5
           III   r112.8      135.7    r120.3    r125.8      r107.7     r111.5      r109.7      110.8
            IV   r114.6      138.5    r120.8    r128.2      r108.9     r111.8      r110.0      111.1

        ANNUAL   r112.8      135.2    r119.8    r125.8      r108.0     r111.5      r109.4      110.7

  2000       I   r114.2      138.6    r121.4    r132.6      r111.6     r116.1      r105.3      112.1
            II   r116.4      141.1    r121.2    r133.2      r111.2     r114.4      r109.5      112.6
           III   r116.1      140.8    r121.3    r135.8      r112.3     r116.9      r106.3      112.9
            IV   r117.4      141.5    r120.6    r136.7      r112.3     r116.5      r108.0      113.3

        ANNUAL   r116.1      140.5    r121.0    r134.7      r112.0     r116.0      r107.2      112.7

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1998       I      3.0        5.2       2.1       7.6        r7.0        4.5        -5.7        0.5
            II      0.7        2.8       2.0       5.4         4.2        4.6        -7.2        0.0
           III     r4.8        5.3      r0.5       6.5        r4.6        1.7        -0.4        0.9
            IV     r2.4        7.8       5.3      r2.5         0.8        0.1         1.7        0.7

        ANNUAL      2.8        4.8       2.0       6.1         4.6        3.2        -3.4        0.6

  1999       I     r4.5        3.7     r-0.7      r8.7        r7.1        4.1        -3.5        1.2
            II      0.7        3.8      r3.1       1.3        -1.6        0.6         1.0        0.8
           III     r2.7        5.4      r2.6      r3.4        r0.4        0.7         2.2        1.3
            IV     r6.7        8.4      r1.6      r7.8        r4.7        1.0         1.2        1.1

        ANNUAL     r3.1        5.1      r2.0      r4.9        r2.8        1.8        -0.5        0.9

  2000       I    r-1.5        0.3      r1.8     r14.5        10.2       16.2       -16.1        3.4
            II     r8.0        7.5     r-0.5       1.8       r-1.3       -5.7        16.9        1.8
           III     -1.0       -0.8      r0.2       7.9        r4.1        9.0       -11.2        1.3
            IV     r4.4        2.0     r-2.3      r2.9        r0.0       -1.5         6.8        1.4

        ANNUAL     r2.9        3.9      r1.0      r7.1        r3.6       r4.1       r-2.0        1.8

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1998       I      3.5        5.5       1.9      r5.8         4.3        2.1        -1.4        0.8
            II      2.4        4.4       1.9       6.3         4.8        3.8        -4.3        0.7
           III      2.6        4.2      r1.5       6.8         5.3        4.1       r-4.9        0.6
            IV      2.7        5.2       2.5      r5.5         4.1        2.7        -3.0        0.5

        ANNUAL      2.8        4.8       2.0       6.1         4.6        3.2        -3.4        0.6

  1999       I     r3.1        4.9       1.8      r5.8         4.1        2.6        -2.4        0.7
            II     r3.1        5.1      r2.0      r4.7        r2.7        1.6        -0.3        0.9
           III      2.5        5.2       2.6       3.9        r1.6        1.4         0.3        1.0
            IV     r3.6        5.3       1.7      r5.3        r2.6        1.6         0.2        1.1

        ANNUAL     r3.1        5.1      r2.0      r4.9        r2.8        1.8        -0.5        0.9

  2000       I     r2.1        4.5      r2.3       6.6        r3.3        4.4        -3.2        1.6
            II     r3.9        5.4      r1.4      r6.8        r3.4        2.8         0.4        1.9
           III     r3.0        3.8       0.8       7.9         4.3        4.8        -3.1        1.9
            IV     r2.4        2.2     r-0.2      r6.7         3.1       r4.2        -1.8        2.0

        ANNUAL     r2.9        3.9      r1.0      r7.1        r3.6       r4.1       r-2.0        1.8

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 8, 2006
  r=revised                                                              Source: Bureau of Labor Statistics



Appendix table 2.  Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted
                                                             Real
     Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
     and        hour of                of all    tion per    tion per    labor    labor pay-  price
     quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
  ---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

  2001       I   r116.7      141.4    r121.2    r138.3      r112.5     r118.5      r108.0      114.6
            II   r118.3      141.9    r119.9    r139.1      r112.4     r117.6      r111.7      115.4
           III   r118.8      140.8    r118.5    r139.8      r112.7     r117.7      r112.0      115.6
            IV   r120.6      141.2    r117.1    r141.0      r113.7     r116.8      r114.7      116.0

        ANNUAL   r118.6      141.3    r119.2    r139.5      r112.8     r117.7      r111.6      115.4

  2002       I   r122.7      142.5    r116.1    r143.1      r115.1     r116.7      r115.0      116.0
            II   r123.0      143.0    r116.3    r144.7      r115.5     r117.7      r114.8      116.6
           III   r124.2      144.1    r116.0    r145.3      r115.3     r117.0      r116.6      116.9
            IV   r124.2      144.1    r116.0    r145.4      r114.7     r117.1      r117.7      117.3

        ANNUAL   r123.5      143.4    r116.1    r144.6      r115.1     r117.1      r116.0      116.7

  2003       I   r125.1     r144.6    r115.5    r147.3      r115.1     r117.7      r118.2     r117.9
            II   r127.0     r146.1    r115.1    r149.7      r117.0     r117.9      r118.1     r118.0
           III   r130.1     r150.0    r115.3    r151.7      r117.8     r116.6      r121.5     r118.4
            IV   r129.9     r150.6    r115.9    r152.9      r118.4     r117.7      r120.5     r118.7

        ANNUAL   r128.0     r147.8    r115.4    r150.4      r117.1     r117.5      r119.6     r118.3

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2001       I    r-0.5       -1.1      -0.6       6.7         2.8        7.3        -5.7        2.5
            II      5.6        1.2     r-4.2      r2.4       r-0.4       -3.1        14.4        2.7
           III     r1.8       -2.9     r-4.6      r2.2         1.0        0.4         1.3        0.7
            IV     r6.3        1.2     r-4.8      r3.3        r3.6       -2.9        r9.7        1.5

        ANNUAL     r2.5        0.4      -2.0      r4.0        r1.2       r1.5         2.6        1.9

  2002       I     r7.0        3.5     r-3.2      r6.3        r4.8      r-0.6         1.1        0.0
            II      0.9        1.4       0.5      r4.5         1.4        3.5        -0.7        2.0
           III     r4.1        3.1     r-0.9      r1.8       r-0.4       -2.2        r6.5        0.9
            IV     r0.0        0.1       0.1       0.3        -2.0        0.3         3.8        1.6

        ANNUAL      4.1        1.5     r-2.6      r3.7         2.0       -0.5         4.0        1.1

  2003       I     r3.0       r1.2      -1.7      r5.1        r1.2       r2.1         1.8       r2.0
            II     r6.0       r4.3     r-1.6      r6.9        r6.7       r0.8       r-0.4        0.4
           III    r10.3      r11.0       0.6      r5.4        r2.9      r-4.4       r11.7       r1.3
            IV    r-0.6       r1.6       2.2      r3.2        r2.1       r3.8       r-3.2       r1.1

        ANNUAL     r3.7       r3.1      -0.6       4.0        r1.7       r0.3        r3.1        1.3

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2001       I      2.4        1.9      -0.5       4.5        r1.1       r2.1        r1.2        1.8
            II     r2.0        0.4      -1.6      r4.9        r1.5        2.8         0.6        2.0
           III     r2.7       -0.2     r-2.8      r3.4         0.7        0.7         4.0        1.8
            IV     r3.3       -0.4     r-3.6      r3.6        r1.8       r0.4        r4.6        1.9

        ANNUAL     r2.5        0.4      -2.0      r4.0        r1.2       r1.5         2.6        1.9

  2002       I      5.1        0.7     r-4.2      r3.5        r2.2       -1.6         6.5        1.2
            II      3.9        0.8     r-3.1      r4.0        r2.7        0.1         2.8        1.0
           III     r4.5        2.3     r-2.1      r3.9        r2.3       -0.6         4.1        1.1
            IV      2.9        2.0     r-0.9      r3.2        r0.9        0.2         2.7        1.1

        ANNUAL      4.1        1.5     r-2.6      r3.7         2.0       -0.5         4.0        1.1

  2003       I     r2.0       r1.5      -0.5      r2.9        r0.0        0.9         2.8        1.6
            II     r3.3       r2.2      -1.0       3.5         1.3       r0.2        r2.9        1.2
           III     r4.8       r4.1     r-0.6      r4.4         2.1      r-0.4        r4.2       r1.3
            IV     r4.6       r4.5      -0.1      r5.2        r3.2       r0.5        r2.3       r1.2

        ANNUAL     r3.7       r3.1      -0.6       4.0        r1.7       r0.3        r3.1        1.3

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 8, 2006
  r=revised                                                              Source: Bureau of Labor Statistics




Appendix table 2 continued.  Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted
                                                             Real
     Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
     and        hour of                of all    tion per    tion per    labor    labor pay-  price
     quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
  ---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

  1998       I   r108.4      126.8    r117.0    r117.2      r103.4     r108.2      r112.4      109.7
            II   r108.7      127.7    r117.5    r118.8      r104.5     r109.3      r110.5      109.8
           III   r109.9      129.4    r117.7    r120.8      r105.7     r109.9      r110.4      110.1
            IV   r110.5      131.8    r119.3    r121.4      r105.9     r109.9      r110.7      110.2

        ANNUAL   r109.4      128.9    r117.9    r119.6      r104.9     r109.3      r111.0      109.9

  1999       I   r111.5      133.0    r119.3    r123.7      r107.4     r110.9      r109.8      110.5
            II   r111.7      134.3    r120.2    r124.1      r107.0     r111.1      r110.7      111.0
           III   r112.4      136.1    r121.0    r125.2      r107.1     r111.3      r111.4      111.3
            IV   r114.4      138.9    r121.4    r127.8      r108.5     r111.7      r111.8      111.7

        ANNUAL   r112.5      135.6    r120.5    r125.2      r107.5     r111.3      r110.9      111.1

  2000       I   r113.9      138.8    r121.9    r132.3      r111.3     r116.1      r106.6      112.6
            II   r116.0      141.4    r121.9    r132.6      r110.8     r114.4      r111.0      113.1
           III   r115.7      141.1    r121.9    r135.2      r111.9     r116.9      r107.8      113.5
            IV   r116.8      141.8    r121.4    r136.0      r111.8     r116.4      r109.6      113.9

        ANNUAL   r115.7      140.8    r121.7    r134.2      r111.5     r116.0      r108.7      113.3

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1998       I     r3.2        5.6      r2.3      r7.8        r7.1        4.4        -5.8        0.4
            II      1.2        2.9       1.7      r5.7         4.5        4.4        -6.6        0.1
           III     r4.5        5.3      r0.7       6.6        r4.7        2.1        -0.4        1.1
            IV      2.1        7.9      r5.6       2.1        r0.5        0.0         1.1        0.4

        ANNUAL     r2.8        5.0      r2.1      r6.0         4.5        3.1        -3.1        0.7

  1999       I     r3.7        3.7      r0.0      r7.8        r6.1        3.9       r-3.1        1.3
            II      0.7        3.7       3.0       1.4        -1.5        0.7         3.1        1.6
           III     r2.8        5.6      r2.8      r3.5        r0.4       r0.7         2.7        1.4
            IV     r7.2        8.4       1.2       8.5        r5.4        1.3         1.5        1.4

        ANNUAL     r2.9        5.2      r2.2      r4.7        r2.6        1.8         0.0        1.1

  2000       I    r-1.7       -0.1      r1.6     r14.9       r10.6       16.9       -17.2        3.3
            II      7.4        7.5       0.1       1.1        -2.0       -5.9        17.3        1.8
           III    r-0.9       -0.8       0.1      r8.1        r4.2        9.1       -11.1        1.4
            IV     r4.0        2.2     r-1.7      r2.4       r-0.5       -1.6         6.9        1.3

        ANNUAL      2.8        3.8      r1.0      r7.2        r3.7        4.2        -2.0        1.9

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1998       I      3.3        5.6       2.2       5.5        r4.1        2.1        -0.8        1.0
            II      2.4        4.5       2.1       6.1         4.6        3.7        -4.0        0.7
           III      2.6        4.4       1.7       6.8         5.3        4.1        -4.6        0.7
            IV     r2.8        5.4       2.6       5.5        r4.2        2.7        -3.0        0.5

        ANNUAL     r2.8        5.0      r2.1      r6.0         4.5        3.1        -3.1        0.7

  1999       I     r2.9        4.9       2.0       5.5        r3.9        2.6        -2.3        0.7
            II     r2.8        5.1      r2.3       4.4        r2.4        1.6         0.2        1.1
           III      2.3        5.2      r2.8      r3.7        r1.3        1.3        r0.9        1.2
            IV     r3.6        5.3      r1.7       5.2         2.5        1.6        r1.0        1.4

        ANNUAL     r2.9        5.2      r2.2      r4.7        r2.6        1.8         0.0        1.1

  2000       I     r2.2        4.4      r2.1       6.9        r3.6        4.7        -2.9        1.9
            II      3.8        5.3      r1.4      r6.9        r3.5        2.9         0.3        2.0
           III     r2.9        3.6      r0.7       8.0        r4.5        5.0       r-3.3        2.0
            IV     r2.1        2.1      r0.0      r6.5        r3.0        4.3        -2.0        2.0

        ANNUAL      2.8        3.8      r1.0      r7.2        r3.7        4.2        -2.0        1.9

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       August 8, 2006
  r=revised                                                              Source: Bureau of Labor Statistics



Appendix table 3.  Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  2001       I         r139.7        r140.1        100.3        138.1          112.4         r98.8
            II         r140.7        r137.9         98.0        137.4          111.0         r97.6
           III         r141.4        r135.5         95.8        137.0          110.4         r96.9
            IV         r144.5        r133.6         92.5        139.0          112.1         r96.2

        ANNUAL         r141.5        r136.8         96.6        137.9          111.5         r97.4

  2002       I         r147.9        r134.3         90.8        144.6          116.2         r97.7
            II         r150.5        r136.0         90.4        147.6          117.8         r98.1
           III         r152.9        r136.9         89.5        149.1          118.3         r97.5
            IV         r154.5        r136.5         88.4        150.2          118.5         r97.2

        ANNUAL         r151.4        r135.9         89.8        147.8          117.7         r97.6

  2003       I         r158.0        r137.4         86.9       r154.6         r120.8         r97.8
            II         r159.7        r136.5         85.5       r157.2         r122.8         r98.5
           III         r163.0        r137.2         84.2       r159.4         r123.7         r97.7
            IV         r162.6        r138.1         84.9       r162.0         r125.4         r99.6

        ANNUAL         r160.8        r137.3         85.4       r158.2         r123.2         r98.4

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2001       I          r-1.2         r-7.7         -6.6          4.1            0.2          r5.4
            II           r3.0         r-6.0         -8.7         -2.1           -4.8         r-4.9
           III           r1.8         r-7.0         -8.6         -1.0           -2.0         r-2.7
            IV            9.2         r-5.4        -13.3          5.9            6.3          -3.0

        ANNUAL           r1.5         r-5.1         -6.5          2.3           -0.5          r0.8

  2002       I           r9.8          r2.2         -6.9         17.1           15.4          r6.6
            II           r7.0          r5.2         -1.7          8.6            5.4          r1.5
           III           r6.5          r2.4         -3.9          4.1            1.8         r-2.3
            IV           r4.5         r-0.9         -5.2          3.1            0.7         r-1.3

        ANNUAL           r7.0         r-0.6         -7.1          7.3            5.6          r0.2

  2003       I           r9.3          r2.4         -6.4        r12.1           r7.9          r2.5
            II           r4.2         r-2.3         -6.3         r7.0           r6.8          r2.7
           III           r8.6          r2.1         -6.0         r5.6           r3.0         r-2.8
            IV          r-0.9          r2.5          3.5         r6.7           r5.5          r7.7

        ANNUAL           r6.2          r1.0         -4.9         r7.0           r4.6          r0.8

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2001       I           r1.0         r-2.8         -3.7          3.7            0.2          r2.7
            II           r0.9         r-5.0         -5.9          3.6            0.3          r2.7
           III           r1.7         r-6.1         -7.7          0.8           -1.8         r-0.9
            IV           r3.1         r-6.5         -9.3          1.7           -0.2         r-1.4

        ANNUAL           r1.5         r-5.1         -6.5          2.3           -0.5          r0.8

  2002       I           r5.9         r-4.1         -9.4          4.7            3.4         r-1.1
            II           r6.9         r-1.4         -7.7          7.5            6.1          r0.5
           III           r8.1          r1.0         -6.6          8.8            7.1          r0.6
            IV           r7.0          r2.2         -4.4          8.1            5.7          r1.0

        ANNUAL           r7.0         r-0.6         -7.1          7.3            5.6          r0.2

  2003       I           r6.8          r2.2         -4.3         r6.9           r3.9          r0.1
            II           r6.1          r0.4         -5.4         r6.5           r4.3          r0.4
           III           r6.7          r0.3         -6.0         r6.9           r4.6          r0.2
            IV           r5.2          r1.1         -3.9         r7.8           r5.8           2.4

        ANNUAL           r6.2          r1.0         -4.9         r7.0           r4.6          r0.8

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  r=revised                                                       Source: Bureau of Labor Statistics




Appendix table 3 continued.  Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs, seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1998       I         r125.9        r134.2        106.5        116.6          102.8         r92.5
            II         r126.7        r134.4        106.1        118.3          104.0         r93.3
           III         r129.1        r135.1        104.7        120.0          105.0         r92.9
            IV         r130.0        r137.3        105.6        120.2          104.9         r92.5

        ANNUAL         r127.9        r135.3        105.7        118.8          104.2         r92.8

  1999       I         r131.9        r138.5        105.0        121.3          105.4         r91.9
            II         r132.9        r139.7        105.1        122.1          105.3         r91.9
           III         r133.0        r140.4        105.6        123.5          105.7         r92.9
            IV         r136.4        r142.7        104.6        126.8          107.7         r92.9

        ANNUAL         r133.6        r140.3        105.1        123.4          106.0         r92.4

  2000       I         r138.4        r144.1        104.1        133.2          112.1         r96.3
            II         r139.4        r145.2        104.1        132.5          110.7         r95.0
           III         r139.0        r144.2        103.8        135.9          112.4         r97.8
            IV         r140.1        r142.9        102.0        136.7          112.3         r97.6

        ANNUAL         r139.4        r144.1        103.4        134.7          112.0         r96.7

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1998       I            5.2           4.6         -0.5          7.6            6.9          r2.3
            II           r2.4          r0.6         -1.8          6.0            4.8          r3.5
           III           r7.7          r2.3         -5.0          5.9            3.9         r-1.7
            IV           r3.0          r6.7          3.6          0.9           -0.7         r-2.0

        ANNUAL           r5.5          r5.2         -0.3          5.8            4.3          r0.3

  1999       I           r6.1          r3.5         -2.4          3.6            2.0         r-2.4
            II           r2.9          r3.4          0.5          2.6           -0.3         r-0.3
           III           r0.3          r2.0          1.7          4.7            1.6          r4.4
            IV          r10.8          r6.8         -3.6         11.2            7.9          r0.4

        ANNUAL           r4.4          r3.8         -0.6          3.9            1.8         r-0.5

  2000       I           r5.8          r3.8         -1.9         21.8           17.3         r15.1
            II           r3.1          r3.1          0.0         -2.1           -5.1         r-5.0
           III          r-1.3         r-2.6         -1.4         10.6            6.6         r12.0
            IV           r3.4         r-3.5         -6.7          2.4           -0.4         r-0.9

        ANNUAL           r4.4          r2.7         -1.6          9.2            5.6          r4.6

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1998       I           r6.6          r7.2          0.6          5.8            4.4         r-0.7
            II           r5.7          r5.9          0.2          6.0            4.6          r0.4
           III           r5.4          r4.3         -1.0          6.4            4.9          r1.0
            IV           r4.5          r3.5         -1.0          5.1            3.7          r0.5

        ANNUAL           r5.5          r5.2         -0.3          5.8            4.3          r0.3

  1999       I           r4.8          r3.3         -1.4          4.1            2.5         r-0.7
            II           r4.9          r4.0         -0.9          3.2            1.2         r-1.6
           III           r3.0          r3.9          0.8          2.9            0.6         r-0.1
            IV           r4.9          r3.9         -1.0          5.5            2.8          r0.5

        ANNUAL           r4.4          r3.8         -0.6          3.9            1.8         r-0.5

  2000       I           r4.9           4.0         -0.8          9.8            6.4          r4.7
            II           r4.9          r3.9         -0.9          8.5            5.1          r3.5
           III           r4.5          r2.7         -1.7         10.0            6.4          r5.3
            IV           r2.7          r0.1         -2.5          7.8            4.2          r5.0

        ANNUAL           r4.4          r2.7         -1.6          9.2            5.6          r4.6

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  r=revised                                                       Source: Bureau of Labor Statistics



Appendix table 4. Durable manufacturing sector: Revised productivity, hourly compensation, and
 unit labor costs, seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  2001       I         r156.9        r167.2        106.6        136.3          110.9         r86.9
            II         r157.8        r163.9        103.9        135.8          109.8         r86.0
           III         r158.6        r159.7        100.7        135.5          109.2         r85.5
            IV         r161.4        r155.9         96.6        137.9          111.3         r85.5

        ANNUAL         r158.6        r161.7        101.9        136.4          110.3         r86.0

  2002       I         r165.9        r157.1         94.7        141.9          114.1         r85.5
            II         r169.2        r159.7         94.4        145.0          115.7         r85.7
           III         r172.7        r161.3         93.4        146.0          115.9         r84.6
            IV         r176.1        r161.4         91.7        147.3          116.2         r83.7

        ANNUAL         r170.9        r159.9         93.5        145.0          115.5         r84.8

  2003       I         r180.0        r162.2         90.1       r153.1         r119.6         r85.0
            II         r181.8        r161.0         88.6       r155.7         r121.6         r85.7
           III         r186.8        r162.8         87.1       r157.9         r122.6         r84.5
            IV         r185.9        r164.2         88.3       r160.5         r124.3         r86.4

        ANNUAL         r183.6        r162.6         88.5       r156.8         r122.0         r85.4

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2001       I          r-2.5         r-9.7         -7.4          2.5           -1.3          r5.1
            II           r2.5         r-7.6         -9.8         -1.3           -4.1         r-3.7
           III           r1.9         r-9.9        -11.6         -0.8           -1.9         r-2.7
            IV           r7.2         r-9.1        -15.2          7.2            7.6          r0.0

        ANNUAL           r0.5         r-6.7         -7.2          1.6           -1.2          r1.0

  2002       I          r11.8          r3.0         -7.9         12.1           10.5          r0.2
            II           r8.2          r7.0         -1.1          9.0            5.8          r0.7
           III           r8.4          r3.9         -4.2          2.9            0.7         r-5.1
            IV           r8.1          r0.3         -7.2          3.7            1.3         r-4.1

        ANNUAL           r7.8         r-1.1         -8.3          6.4            4.7         r-1.3

  2003       I           r9.2          r2.0         -6.6        r16.5          r12.2          r6.7
            II           r3.9         r-2.8         -6.5          6.9            6.7          r2.9
           III          r11.6          r4.4         -6.5         r5.8           r3.3         r-5.2
            IV          r-2.0          r3.5          5.6         r6.9           r5.7          r9.1

        ANNUAL           r7.4          r1.7         -5.3         r8.1           r5.7          r0.7

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2001       I           r0.0         r-3.3         -3.3          2.2           -1.2          r2.2
            II          r-0.1         r-6.2         -6.1          3.0           -0.3          r3.1
           III           r0.6         r-8.1         -8.6         -0.1           -2.7         r-0.7
            IV           r2.2         r-9.1        -11.1          1.8            0.0         r-0.4

        ANNUAL           r0.5         r-6.7         -7.2          1.6           -1.2          r1.0

  2002       I           r5.8         r-6.1        -11.2          4.1            2.9         r-1.6
            II           r7.2         r-2.5         -9.1          6.7            5.4         r-0.5
           III           r8.9          r1.0         -7.3          7.7            6.1         r-1.1
            IV           r9.1          r3.5         -5.1          6.8            4.5         r-2.1

        ANNUAL           r7.8         r-1.1         -8.3          6.4            4.7         r-1.3

  2003       I           r8.5          r3.3         -4.8         r7.9           r4.9         r-0.5
            II           r7.4          r0.8         -6.1         r7.4           r5.1          r0.0
           III           r8.2          r0.9         -6.7         r8.1           r5.8          r0.0
            IV           r5.5          r1.7         -3.6         r9.0           r6.9          r3.2

        ANNUAL           r7.4          r1.7         -5.3         r8.1           r5.7          r0.7

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  r=revised                                                       Source: Bureau of Labor Statistics




 Appendix table 4 continued. Durable manufacturing sector: Revised productivity, hourly compensation, and
 unit labor costs, seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1998       I         r137.0        r152.9        111.6        115.1          101.5         r84.0
            II         r138.2        r153.4        111.0        116.8          102.7         r84.5
           III         r141.6        r155.7        109.9        118.1          103.4         r83.4
            IV         r144.6        r160.9        111.2        118.5          103.4         r82.0

        ANNUAL         r140.4        r155.7        111.0        117.1          102.7         r83.4

  1999       I         r147.7        r162.5        110.0        120.0          104.2         r81.2
            II         r150.0        r165.0        110.0        121.0          104.4         r80.7
           III         r150.2        r167.5        111.6        122.4          104.8         r81.5
            IV         r153.2        r169.6        110.7        126.2          107.2         r82.4

        ANNUAL         r150.3        r166.2        110.6        122.4          105.2         r81.4

  2000       I         r156.9        r172.9        110.2        133.4          112.3         r85.0
            II         r157.9        r174.8        110.7        131.9          110.1         r83.5
           III         r157.6        r173.7        110.2        135.7          112.3         r86.1
            IV         r157.9        r171.5        108.6        135.4          111.3         r85.8

        ANNUAL         r157.7        r173.2        109.8        134.2          111.6         r85.1

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1998       I           r6.3          r7.4          1.1          8.7            8.0          r2.3
            II           r3.6           1.3         -2.2          5.9            4.7          r2.2
           III          r10.3          r6.1         -3.8          4.5            2.6         r-5.2
            IV           r8.7         r13.9          4.8          1.6           -0.1         r-6.5

        ANNUAL           r7.8          r8.3          0.4          5.9            4.4         r-1.8

  1999       I           r8.9          r4.3         -4.2          5.0            3.3         r-3.6
            II           r6.2          r6.3          0.0          3.6            0.7         r-2.4
           III           r0.5          r6.2          5.6          4.6            1.5          r4.1
            IV           r8.3          r4.9         -3.1         12.9            9.6          r4.2

        ANNUAL           r7.1          r6.7         -0.3          4.5            2.4         r-2.4

  2000       I           r9.9          r8.1         -1.7         25.0           20.3         r13.7
            II           r2.7          r4.4          1.6         -4.5           -7.5         r-7.0
           III          r-0.8         r-2.4         -1.6         12.1            8.1         r13.0
            IV           r0.7         r-4.9         -5.6         -0.7           -3.5         r-1.4

        ANNUAL           r5.0          r4.2         -0.7          9.7            6.1          r4.5

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1998       I           r8.8         r10.5          1.5          5.9            4.5         r-2.7
            II           r7.6          r8.5          0.9          6.1            4.6         r-1.4
           III           r7.9          r7.3         -0.5          6.5            5.0         r-1.3
            IV           r7.2          r7.1         -0.1          5.1            3.8         r-1.9

        ANNUAL           r7.8          r8.3          0.4          5.9            4.4         r-1.8

  1999       I           r7.8          r6.3         -1.4          4.2            2.6         r-3.3
            II           r8.5          r7.6         -0.9          3.7            1.6         r-4.5
           III           r6.0          r7.6          1.5          3.7            1.4         r-2.2
            IV           r5.9          r5.4         -0.5          6.5            3.7          r0.5

        ANNUAL           r7.1          r6.7         -0.3          4.5            2.4         r-2.4

  2000       I           r6.2          r6.4          0.2         11.2            7.7          r4.7
            II           r5.3          r5.9          0.6          8.9            5.5          r3.5
           III           r4.9          r3.7         -1.2         10.9            7.2          r5.6
            IV           r3.0          r1.2         -1.8          7.4            3.8          r4.2

        ANNUAL           r5.0          r4.2         -0.7          9.7            6.1          r4.5

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  r=revised                                                       Source: Bureau of Labor Statistics



 Appendix table 5. Nondurable manufacturing sector: Revised productivity, hourly compensation, and
 unit labor costs, seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  2001       I         r123.1        r111.8         90.8        139.2          113.3        r113.1
            II         r124.0        r110.6         89.2        138.0          111.6        r111.3
           III         r124.0        r109.7         88.5        137.9          111.2        r111.3
            IV         r127.2        r109.7         86.2        139.3          112.4        r109.6

        ANNUAL         r124.5        r110.5         88.7        138.6          112.1        r111.3

  2002       I         r129.5        r110.1         85.1        148.1          119.1        r114.4
            II         r131.4        r111.0         84.5        150.9          120.4        r114.8
           III         r132.8        r111.2         83.8        153.3          121.6        r115.4
            IV         r132.5        r110.5         83.4        154.2          121.7        r116.4

        ANNUAL         r131.5        r110.7         84.2        151.6          120.7        r115.3

  2003       I         r135.4        r111.2         82.1       r155.8         r121.8        r115.0
            II         r136.9        r110.7         80.9       r158.5         r123.8        r115.8
           III         r138.5        r110.5         79.8       r160.6         r124.6        r115.9
            IV         r139.0        r110.9         79.8       r162.8         r126.1        r117.2

        ANNUAL         r137.5        r110.8         80.6       r159.4         r124.1        r116.0

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2001       I          r-0.3         r-5.5         -5.2          7.9            3.9          r8.2
            II           r2.8         r-4.2         -6.8         -3.4           -6.0         r-6.0
           III           r0.0         r-3.2         -3.2         -0.3           -1.4         r-0.3
            IV          r10.8         r-0.3        -10.0          4.1            4.5         r-6.0

        ANNUAL           r2.2          -3.2         -5.4          4.0            1.2          r1.8

  2002       I           r7.4          r1.8         -5.3         27.6           25.9         r18.8
            II           r6.1          r3.2         -2.7          7.7            4.5          r1.5
           III           r4.2          r0.6         -3.4          6.5            4.2          r2.2
            IV          r-0.8         r-2.5         -1.7          2.5            0.1          r3.3

        ANNUAL           r5.6          r0.2         -5.1          9.4            7.6          r3.5

  2003       I           r9.2          r2.6         -6.0         r4.2           r0.3         r-4.6
            II           r4.4         r-1.8         -6.0         r7.2           r7.0          r2.6
           III           r4.9         r-0.7         -5.3         r5.2           r2.7          r0.3
            IV           r1.3          r1.4          0.1         r5.8           r4.7          r4.5

        ANNUAL           r4.5          r0.1         -4.2         r5.2           r2.8          r0.6

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2001       I           r2.2         r-2.3         -4.4          6.7            3.2          r4.4
            II           r1.9         r-3.7         -5.4          5.1            1.7          r3.2
           III           r2.4         r-3.7         -5.9          3.1            0.5          r0.7
            IV            3.2          -3.3         -6.3          2.0            0.2          -1.2

        ANNUAL           r2.2          -3.2         -5.4          4.0            1.2          r1.8

  2002       I           r5.2         r-1.5         -6.3          6.4            5.1          r1.2
            II           r6.0          r0.4         -5.3          9.3            7.9          r3.1
           III           r7.1          r1.3         -5.4         11.1            9.4          r3.8
            IV           r4.2          r0.8         -3.3         10.7            8.2          r6.2

        ANNUAL           r5.6          r0.2         -5.1          9.4            7.6          r3.5

  2003       I           r4.6          r1.0         -3.5         r5.2           r2.3          r0.6
            II           r4.2         r-0.3         -4.3         r5.1           r2.8          r0.9
           III           r4.3         r-0.6         -4.8         r4.7           r2.5          r0.4
            IV           r4.9          r0.4         -4.3         r5.6           r3.6          r0.7

        ANNUAL           r4.5          r0.1         -4.2         r5.2           r2.8          r0.6

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  r=revised                                                       Source: Bureau of Labor Statistics




 Appendix table 5 continued. Nondurable manufacturing sector: Revised productivity, hourly compensation,
 and unit labor costs, seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1998       I         r115.5        r114.2         98.9        117.8          103.9        r102.0
            II         r115.7        r114.2         98.7        119.6          105.2        r103.4
           III         r117.1        r113.4         96.9        122.0          106.8        r104.2
            IV         r115.8        r112.6         97.3        121.8          106.3        r105.2

        ANNUAL         r116.0        r113.6         97.9        120.3          105.5        r103.7

  1999       I         r116.3        r113.4         97.5        122.3          106.2        r105.1
            II         r115.9        r113.3         97.8        122.5          105.6        r105.7
           III         r116.2        r112.3         96.6        123.6          105.8        r106.4
            IV         r120.3        r114.9         95.6        125.9          107.0        r104.7

        ANNUAL         r117.2        r113.5         96.9        123.6          106.2        r105.5

  2000       I         r120.4        r114.5         95.0        130.5          109.8        r108.3
            II         r121.7        r114.9         94.4        131.4          109.7        r107.9
           III         r121.1        r114.0         94.1        133.7          110.7        r110.4
            IV         r123.2        r113.4         92.0        136.6          112.2        r110.9

        ANNUAL         r121.8        r114.2         93.7        133.2          110.8        r109.4

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1998       I           r4.1          r0.8         -3.2          5.0            4.4          r0.9
            II           r0.7         r-0.3         -1.0          6.4            5.2          r5.7
           III           r4.7         r-2.7         -7.1          8.2            6.2          r3.2
            IV          r-4.2         r-2.6          1.6         -0.5           -2.1          r3.8

        ANNUAL           r2.6          r1.1         -1.5          5.5            4.0          r2.8

  1999       I           r1.8          r2.7          0.9          1.4           -0.2          -0.4
            II          r-1.6         r-0.4          1.2          0.8           -2.1          r2.4
           III           r1.2         r-3.4         -4.5          3.8            0.7          r2.5
            IV          r14.7          r9.7         -4.3          7.6            4.5         r-6.2

        ANNUAL           r1.0         r-0.1         -1.1          2.7            0.6          r1.7

  2000       I           r0.6         r-1.6         -2.2         15.4           11.1         r14.6
            II            4.3           1.4         -2.8          2.7           -0.4          -1.5
           III          r-2.1         r-3.1         -1.0          7.4            3.5          r9.7
            IV           r7.3         r-1.9         -8.5          8.9            5.9          r1.5

        ANNUAL           r4.0           0.6         -3.2          7.8            4.3          r3.7

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1998       I           r3.8          r2.9         -0.9          5.4            4.0          r1.5
            II           r3.3          r2.4         -0.9          5.7            4.2          r2.4
           III           r2.2          r0.3         -1.8          6.1            4.6          r3.8
            IV           r1.3         r-1.2         -2.5          4.7            3.3          r3.4

        ANNUAL           r2.6          r1.1         -1.5          5.5            4.0          r2.8

  1999       I           r0.7         r-0.8         -1.5          3.8            2.2          r3.0
            II           r0.1         r-0.8         -0.9          2.4            0.4          r2.2
           III          r-0.7         r-1.0         -0.2          1.3           -0.9          r2.1
            IV           r3.8          r2.0         -1.7          3.3            0.7         r-0.5

        ANNUAL           r1.0         r-0.1         -1.1          2.7            0.6          r1.7

  2000       I           r3.5          r0.9         -2.5          6.7            3.4          r3.1
            II           r5.1          r1.4         -3.5          7.3            3.9          r2.1
           III           r4.2          r1.5         -2.6          8.2            4.6          r3.8
            IV            2.5          -1.3         -3.7          8.5            4.9           5.9

        ANNUAL           r4.0           0.6         -3.2          7.8            4.3          r3.7

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                August 8, 2006
  r=revised                                                       Source: Bureau of Labor Statistics


Appendix table 6.  Nonfinancial corporate sector:  Revised productivity, hourly compensation, unit labor costs, unit profits, and prices, seasonally adjusted
 
                Output                      Hourly    Real                Unit     Total    Unit   Implicit
      Year      per all-                    compen-   hourly     Unit     non-     unit     pro-   price
      and       employee          Employee  sation    compen-    labor    labor    costs    fits   deflator
      quarter   hour      Output  hours      (1)      sation(2)  costs    costs(6) (7)      (8)      (4)
  ----------------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  2001      I   r123.7    151.9    r122.8   r136.7    r111.2     110.5    109.2    110.2     87.4    108.1
           II   r124.6    151.1    r121.3   r138.0    r111.5     110.8    111.6    111.0     86.9    108.9
          III   r124.9    149.4    r119.6   r139.2    r112.2     111.5    114.1    112.2     79.0    109.2
           IV   r125.7    148.2    r117.9   r140.7    r113.5     111.9    115.7    113.0     75.5    109.6

       ANNUAL   r124.7    150.2    r120.4   r138.6    r112.1     111.2    112.6    111.6     82.2    108.9

  2002      I   r127.3    149.3    r117.2   r141.6    r113.9     111.2    113.0    111.7     85.8    109.4
           II   r129.4    151.3    r117.0   r143.5    r114.5     111.0    110.7    110.9     94.5    109.4
          III   r130.6    152.2    r116.5   r144.5    r114.6     110.6    110.0    110.5    100.3    109.5
           IV   r131.7    153.0    r116.2   r144.9    r114.3     110.1    109.6    110.0    111.2    110.1

       ANNUAL   r129.7    151.5    r116.7   r143.6    r114.3     110.7    110.8    110.7     98.0    109.6

  2003      I   r131.9   r152.1    r115.3   r146.2    r114.2    r110.8   r112.7   r111.3   r103.0   r110.6
           II   r133.6   r153.4    r114.8   r148.8    r116.2    r111.4   r111.2   r111.3   r105.9   r110.8
          III   r135.7   r155.7    r114.7   r150.8    r117.1    r111.1   r110.8   r111.0   r112.9   r111.2
           IV   r136.6   r157.5    r115.3   r152.0    r117.7    r111.3   r110.0   r110.9   r117.8   r111.6

       ANNUAL   r134.5   r154.7    r115.0   r149.4    r116.3    r111.1   r111.2   r111.2   r110.0   r111.0

  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  2001      I     r1.5     -1.1     r-2.5     r3.5     r-0.4       1.9     10.5      4.1    -34.1      0.6
           II     r2.9     -2.2     r-5.0     r3.9      r1.0       0.9      9.2      3.1     -2.5      2.7
          III     r1.0     -4.4     r-5.3     r3.6      r2.5       2.6      8.9      4.3    -31.8      1.3
           IV     r2.7     -3.0     r-5.6     r4.4      r4.8       1.6      5.9      2.8    -16.3      1.4

       ANNUAL     r1.8     -0.9     r-2.7     r4.3      r1.4       2.4      8.1      3.9    -24.3      1.3

  2002      I     r5.3      2.9     r-2.3     r2.6      r1.2      -2.6     -9.0     -4.4     66.8     -0.8
           II     r6.5      5.6     r-0.8     r5.4      r2.4      -0.9     -7.9     -2.9     46.9      0.1
          III     r3.9      2.3     r-1.5     r2.6      r0.3      -1.2     -2.4     -1.6     27.0      0.5
           IV     r3.3      2.0     r-1.2     r1.3     r-1.0      -1.9     -1.6     -1.8     50.9      1.9

       ANNUAL     r4.0      0.9     r-3.1     r3.6      r2.0      -0.4     -1.6     -0.7     19.2      0.6

  2003      I     r0.8    r-2.2     r-3.0     r3.5     r-0.4       2.6    r11.8     r5.0   r-26.2     r1.9
           II     r5.2     r3.4     r-1.8     r7.4      r7.2      r2.1    r-5.4     r0.0    r11.5     r0.9
          III     r6.4     r6.1     r-0.3     r5.5      r2.9     r-0.9    r-1.2    r-1.0    r29.3     r1.4
           IV      2.5     r4.6      r2.0     r3.1      r2.0      r0.6    r-2.8    r-0.3    r18.5     r1.3

       ANNUAL     r3.6     r2.1     r-1.5      4.0      r1.7      r0.4     r0.3     r0.4    r12.2      1.3

  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  2001      I     r2.0      1.1     r-0.8     r4.7      r1.2       2.6      7.2      3.8    -23.7      1.2
           II     r2.1      0.0     r-2.1     r5.0      r1.6       2.8      7.8      4.1    -25.0      1.3
          III     r1.6     -2.0     r-3.5     r3.9      r1.2       2.3      8.8      4.0    -26.5      1.3
           IV     r2.0     -2.7     r-4.6     r3.8      r2.0       1.8      8.6      3.6    -22.2      1.5

       ANNUAL     r1.8     -0.9     r-2.7     r4.3      r1.4       2.4      8.1      3.9    -24.3      1.3

  2002      I     r3.0     -1.7     r-4.6     r3.6      r2.4       0.6      3.5      1.4     -1.9      1.2
           II     r3.8      0.2     r-3.5     r4.0      r2.7       0.2     -0.8     -0.1      8.7      0.5
          III     r4.6      1.9     r-2.6     r3.8      r2.2      -0.8     -3.5     -1.5     27.0      0.3
           IV     r4.7      3.2     r-1.5     r3.0      r0.7      -1.7     -5.3     -2.7     47.2      0.4

       ANNUAL     r4.0      0.9     r-3.1     r3.6      r2.0      -0.4     -1.6     -0.7     19.2      0.6

  2003      I      3.6     r1.9     r-1.6      3.2      r0.3      -0.4    r-0.3    r-0.3    r20.1     r1.1
           II     r3.3     r1.4     r-1.9      3.7       1.5      r0.4     r0.4     r0.4    r12.1      1.3
          III     r3.9     r2.3     r-1.6     r4.4      r2.1      r0.5      0.7     r0.5    r12.6     r1.5
           IV     r3.7     r2.9     r-0.8     r4.9      r2.9      r1.1     r0.4     r0.9     r6.0     r1.4

       ANNUAL     r3.6     r2.1     r-1.5      4.0      r1.7      r0.4     r0.3     r0.4    r12.2      1.3

  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        August 8, 2006
  r=revised                                                               Source: Bureau of Labor Statistics 




Appendix table 6 continued. Nonfinancial corporate sector:  Revised productivity, hourly compensation, unit labor costs, unit profits, and prices, seasonally adjusted
 
                Output                      Hourly    Real                Unit     Total    Unit   Implicit
      Year      per all-                    compen-   hourly     Unit     non-     unit     pro-   price
      and       employee          Employee  sation    compen-    labor    labor    costs    fits   deflator
      quarter   hour      Output  hours      (1)      sation(2)  costs    costs(6) (7)      (8)      (4)
  ----------------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1998      I   r111.9    132.9    r118.7   r116.2    r102.5     103.8     99.1    102.5    139.7    105.9
           II   r113.1    134.7    r119.1   r117.7    r103.5     104.0     99.1    102.7    136.6    105.8
          III   r114.8    137.0    r119.4   r119.4    r104.6     104.0     99.1    102.7    139.8    106.0
           IV   r114.8    138.6    r120.8   r120.0    r104.7     104.6    100.5    103.5    132.2    106.1

       ANNUAL   r113.7    135.8    r119.5   r118.3    r103.8     104.1     99.5    102.9    137.0    105.9

  1999      I   r117.0    141.6    r121.1   r123.1    r106.9     105.2     99.2    103.6    133.3    106.3
           II   r117.6    143.2    r121.8   r123.4    r106.4     104.9     99.7    103.5    133.6    106.2
          III   r117.7    144.4    r122.7   r124.1    r106.2     105.5    101.0    104.3    126.2    106.2
           IV   r119.1    146.9    r123.3   r125.9    r107.0     105.7    101.5    104.6    123.4    106.3

       ANNUAL   r117.9    144.0    r122.2   r124.1    r106.6     105.3    100.4    104.0    129.1    106.2

  2000      I   r121.3    150.3    r123.9   r130.6    r109.9     107.7    101.9    106.1    114.6    106.9
           II   r122.0    151.1    r123.9   r131.4    r109.7     107.7    103.5    106.6    115.9    107.4
          III   r122.9    152.4    r124.0   r134.0    r110.8     109.0    104.8    107.9    107.4    107.8
           IV   r123.2    152.3    r123.6   r135.5    r111.3     110.0    106.5    109.1     97.0    108.0

       ANNUAL   r122.4    151.5    r123.7   r133.0    r110.5     108.6    104.2    107.4    108.7    107.5

  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  1998      I     r2.3      4.2      r1.9     r9.3      r8.6       6.8     -0.2      5.0    -30.8     -0.3
           II     r4.2      5.6      r1.4     r5.2      r4.0       1.0      0.0      0.7     -8.5     -0.4
          III     r6.2      7.1      r0.9     r6.0      r4.1      -0.2      0.0     -0.1      9.6      1.0
           IV    r-0.1      4.6      r4.8     r2.0      r0.4       2.2      5.8      3.1    -19.9      0.2

       ANNUAL     r3.4      5.7      r2.2     r5.9      r4.4       2.4     -0.2      1.7    -11.2      0.0

  1999      I     r7.8      8.9      r1.0    r10.6      r8.9       2.6     -5.4      0.5      3.5      0.8
           II     r2.2      4.7      r2.4     r0.9     r-1.9      -1.3      2.3     -0.4      0.7     -0.2
          III     r0.3      3.2      r2.9     r2.5     r-0.6       2.2      5.1      2.9    -20.4      0.1
           IV     r4.9      7.2      r2.2     r6.0      r2.9       1.0      2.2      1.3     -8.6      0.2

       ANNUAL     r3.7      6.0      r2.3     r4.9      r2.7       1.2      0.9      1.1     -5.8      0.3

  2000      I     r7.4      9.5      r1.9    r15.6     r11.3       7.6      1.4      5.9    -25.5      2.3
           II     r2.4      2.3     r-0.2     r2.6     r-0.6       0.1      6.6      1.8      4.7      2.1
          III     r3.0      3.4      r0.4     r8.0      r4.1       4.9      5.0      4.9    -26.2      1.5
           IV     r1.0     -0.2     r-1.1     r4.7      r1.8       3.7      6.7      4.5    -33.4      0.6

       ANNUAL     r3.9      5.2      r1.3     r7.1      r3.7       3.1      3.8      3.3    -15.8      1.2

  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  1998      I     r3.2      6.0      r2.7     r5.3      r3.8       2.0     -1.1      1.2     -8.5     -0.1
           II     r3.5      5.9      r2.2     r6.1      r4.6       2.4     -0.8      1.6    -10.7      0.0
          III     r3.8      5.7      r1.8     r6.7      r5.2       2.8     -0.6      1.9    -11.8      0.1
           IV     r3.1      5.4      r2.2     r5.6      r4.2       2.4      1.4      2.1    -13.7      0.1

       ANNUAL     r3.4      5.7      r2.2     r5.9      r4.4       2.4     -0.2      1.7    -11.2      0.0

  1999      I     r4.5      6.5      r2.0     r5.9      r4.3       1.4      0.0      1.0     -4.5      0.4
           II     r4.0      6.3      r2.2     r4.8      r2.8       0.8      0.6      0.8     -2.2      0.4
          III     r2.5      5.3      r2.8     r4.0      r1.6       1.4      1.9      1.5     -9.7      0.2
           IV     r3.8      6.0      r2.1     r4.9      r2.2       1.1      1.0      1.1     -6.7      0.2

       ANNUAL     r3.7      6.0      r2.3     r4.9      r2.7       1.2      0.9      1.1     -5.8      0.3

  2000      I     r3.7      6.1      r2.4     r6.1      r2.8       2.3      2.8      2.4    -14.1      0.6
           II     r3.8      5.5      r1.7     r6.5      r3.2       2.7      3.8      3.0    -13.2      1.1
          III     r4.4      5.6      r1.1     r7.9      r4.3       3.3      3.8      3.5    -14.9      1.5
           IV     r3.4      3.7      r0.3     r7.6      r4.0       4.0      4.9      4.3    -21.3      1.6

       ANNUAL     r3.9      5.2      r1.3     r7.1      r3.7       3.1      3.8      3.3    -15.8      1.2

  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        August 8, 2006
  r=revised                                                               Source: Bureau of Labor Statistics


 Appendix table 7. Manufacturing sector:  Productivity, hourly compensation, and unit labor costs,
 Indexes 1992=100
                                                                             Real
                     Output per                  Hours       Compensa-       compensa-      Unit 
                     hour of                     of all      tion per        tion per       labor
       Year          all persons    Output       persons     hour (1)        hour (2)       costs
  -----------------------------------------------------------------------------------------------
       1987             r89.2        r92.5        103.8         81.3            98.0        r91.2
       1988             r91.0        r97.4        107.0         84.1            97.8        r92.4
       1989             r92.0        r99.0        107.6         86.6            96.6        r94.2

       1990             r93.9        r98.6        105.0         90.5            96.1        r96.3
       1991             r96.3        r96.8        100.5         95.6            98.0        r99.2
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993            r102.5       r103.9        101.4        102.0            99.5        r99.6
       1994            r106.1       r110.0        103.8        105.3           100.6        r99.3

       1995            r110.7       r115.8        104.6        107.3           100.1        r96.9
       1996            r115.0       r119.8        104.2        109.3            99.3        r95.1
       1997            r121.2       r128.6        106.0        112.2            99.8        r92.6
       1998            r127.9       r135.3        105.7        118.8           104.2        r92.8
       1999            r133.6       r140.3        105.1        123.4           106.0        r92.4

       2000            r139.4       r144.1        103.4        134.7           112.0        r96.7
       2001            r141.5       r136.8         96.6        137.9           111.5        r97.4
       2002            r151.4       r135.9         89.8        147.8           117.7        r97.6
       2003            r160.8       r137.3         85.4       r158.2          r123.2        r98.4
       2004            r163.8       r139.1         84.9       r161.4          r122.3        r98.5

       2005            r170.5       r143.3         84.0       r168.8          r123.8        r99.0
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             August 8, 2006
  r=revised                                                    Source: Bureau of Labor Statistics



 Appendix table 8. Durable manufacturing sector:  Productivity, hourly compensation,
 and unit labor costs,
 Indexes 1992=100
                                                                             Real
                     Output per                  Hours       Compensa-       compensa-      Unit 
                     hour of                     of all      tion per        tion per       labor
       Year          all persons    Output       persons     hour (1)        hour (2)       costs
  -----------------------------------------------------------------------------------------------
       1987             r88.5        r94.3        106.5         81.3            97.9        r91.8
       1988             r90.5       r100.1        110.6         83.6            97.2        r92.4
       1989             r91.1       r101.1        111.0         85.9            95.8        r94.3

       1990             r92.9        r99.8        107.4         89.5            95.0        r96.3
       1991             r94.6        r96.0        101.4         94.9            97.3       r100.3
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993            r103.9       r105.4        101.4        101.9            99.4        r98.1
       1994            r109.0       r114.2        104.7        105.4           100.7        r96.7

       1995            r115.6       r123.2        106.6        106.7            99.5        r92.3
       1996            r121.9       r130.8        107.3        108.1            98.2        r88.6
       1997            r130.2       r143.8        110.5        110.6            98.4        r85.0
       1998            r140.4       r155.7        111.0        117.1           102.7        r83.4
       1999            r150.3       r166.2        110.6        122.4           105.2        r81.4

       2000            r157.7       r173.2        109.8        134.2           111.6        r85.1
       2001            r158.6       r161.7        101.9        136.4           110.3        r86.0
       2002            r170.9       r159.9         93.5        145.0           115.5        r84.8
       2003            r183.6       r162.6         88.5       r156.8          r122.0        r85.4
       2004            r185.7       r165.4         89.1       r157.9          r119.7        r85.0

       2005            r195.4       r173.9         89.0       r164.1          r120.3        r83.9
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             August 8, 2006
  r=revised                                                    Source: Bureau of Labor Statistics







 Appendix table 9. Nondurable manufacturing sector:  Productivity, hourly compensation,
 and unit labor costs,
 Indexes 1992=100
                                                                             Real
                     Output per                  Hours       Compensa-       compensa-      Unit 
                     hour of                     of all      tion per        tion per       labor
       Year          all persons    Output       persons     hour (1)        hour (2)       costs
  -----------------------------------------------------------------------------------------------
       1987             r91.5        r91.2         99.7         80.8            97.4        r88.3
       1988             r93.3        r94.7        101.5         84.2            98.0        r90.3
       1989             r94.2        r96.7        102.7         87.1            97.2        r92.6

       1990             r96.0        r97.3        101.4         91.7            97.4        r95.5
       1991             r98.2        r97.4         99.2         96.5            98.9        r98.3
       1992             100.0        100.0        100.0        100.0           100.0        100.0
       1993            r101.0       r102.4        101.4        102.3            99.8       r101.3
       1994            r103.3       r105.7        102.3        104.7           100.1       r101.4

       1995            r106.0       r107.7        101.6        107.8           100.6       r101.6
       1996            r108.4       r107.9         99.5        110.8           100.7       r102.2
       1997            r113.0       r112.4         99.4        114.1           101.5       r100.9
       1998            r116.0       r113.6         97.9        120.3           105.5       r103.7
       1999            r117.2       r113.5         96.9        123.6           106.2       r105.5

       2000            r121.8       r114.2         93.7        133.2           110.8       r109.4
       2001            r124.5       r110.5         88.7        138.6           112.1       r111.3
       2002            r131.5       r110.7         84.2        151.6           120.7       r115.3
       2003            r137.5       r110.8         80.6       r159.4          r124.1       r116.0
       2004            r142.0       r111.8         78.7       r166.1          r125.9       r117.0

       2005            r146.3       r112.2         76.7       r175.7          r128.9       r120.1
  -----------------------------------------------------------------------------------------------
  See footnotes following Table 6.                             August 8, 2006
  r=revised                                                    Source: Bureau of Labor Statistics
 
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