USDL 06-776
TRANSMISSION OF THIS
MATERIAL IS EMBARGOED
UNTIL 8:30 A.M. EDT,
THURSDAY, MAY 4, 2006.


Internet       http://www.bls.gov/lpc/
address:
Historical,    
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  information: (202) 691-5606
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Current data:  (202) 691-5200
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Media contact: (202) 691-5902


This release was reissued on the afternoon of Tuesday, May 9, to correct
information on first quarter 2006 hourly compensation, real hourly
compensation, and unit labor costs in manufacturing, durable goods
manufacturing, and nondurable goods manufacturing.  The data were based on
erroneous, unpublished industry tabulations of employee compensation given to
BLS by the Bureau of Economic Analysis, U.S. Dept. of Commerce.
                                      
                                      
                           PRODUCTIVITY AND COSTS
                       First Quarter 2006, preliminary


     The Bureau of Labor Statistics of the U.S. Department of Labor today
reported preliminary productivity data--as measured by output per hour of all
persons--for the first quarter of 2006.  The seasonally adjusted annual rates
of productivity change in the first quarter were:

               3.4 percent in the business sector and
               3.2 percent in the nonfarm business sector.

     Productivity in the business sector grew faster in the first quarter of
2006 than in the fourth quarter of 2005, when it increased 0.2 percent (as
revised).  In the nonfarm business sector, productivity had declined by 0.3
percent in the fourth quarter of 2005.  In both sectors, output and hours
worked grew faster in the first quarter of 2006 than they had in the fourth
quarter of 2005.

     In manufacturing, productivity changes in the first quarter were:

              4.2 percent in manufacturing,
              3.8 percent in durable goods manufacturing, and
              4.4 percent in nondurable goods manufacturing.

     Productivity growth in manufacturing in the first quarter of 2006
reflected a 5.8-percent increase in output and a 1.6-percent increase in
hours worked in the sector.  Output and hours in manufacturing, which
includes about 13 percent of U.S. business sector employment, tend to vary
more from quarter to quarter than data for the aggregate business and nonfarm
business sectors.  First-quarter measures are summarized in table A and
appear in detail in tables 1 through 5.

     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 first-quarter 2006 measures
(Seasonally adjusted annual rates)
---------------------------------------------------------------------------                                                                  
                                                       Real     
                                             Hourly    hourly     Unit
                  Produc-                    compen-   compen-    labor
 Sector           tivity     Output   Hours  sation    sation     costs
---------------------------------------------------------------------------                   
                      Percent change from preceding quarter

Business           3.4        5.8      2.3     5.8       3.6        2.3
Nonfarm business   3.2        5.8      2.5     5.7       3.6        2.5
Manufacturing      4.2        5.8      1.6     2.4       0.3       -1.7
  Durable          3.8        4.7      0.9     3.3       1.2       -0.5
  Nondurable       4.4        7.3      2.7     1.0      -1.1       -3.3
---------------------------------------------------------------------------
                      Percent change from same quarter a year ago
Business           2.4        4.1      1.6     3.8       0.1        1.4
Nonfarm business   2.4        4.1      1.7     3.8       0.1        1.4
Manufacturing      4.1        4.7      0.6     3.2      -0.4       -0.9
  Durable          6.0        7.3      1.1     3.1      -0.5       -2.7
  Nondurable       1.8        1.5     -0.3     3.3      -0.4        1.4
---------------------------------------------------------------------------

Business

     Productivity in the business sector rose 3.4 percent in the first
quarter of 2006, as output grew 5.8 percent and hours of all persons at work
in the sector increased 2.3 percent (seasonally adjusted annual rates).
Revised data for the fourth quarter of 2005 show that output per hour
increased 0.2 percent, reflecting a 1.8-percent rise in output and a 1.6-
percent increase in hours at work.  (See table 1.)

     Hourly compensation increased 5.8 percent during the first quarter of
2006.  This measure includes wages and salaries, supplements, employer
contributions to employee benefit plans, and taxes. Hourly compensation had
risen 3.0 percent in the previous quarter.  Real hourly compensation, which
takes into account changes in consumer prices, increased 3.6 percent in the
first quarter of 2006, after declining 0.3 percent in the fourth quarter of
2005.

     Unit labor costs rose 2.3 percent in the first quarter of 2006, compared
to a 2.8-percent increase in the fourth quarter.  Growth in unit labor costs
is roughly equivalent to the change in hourly compensation minus the change
in output per hour.

     The implicit price deflator for the business sector, which reflects
changes in both unit labor costs and unit nonlabor payments, rose 2.7 percent
in the first quarter.  In the previous quarter, the implicit price deflator
for business sector output increased 3.5 percent.

Nonfarm business

     Productivity rose 3.2 percent in the nonfarm business sector in first-
quarter 2006 as output grew 5.8 percent and hours of all persons increased by
2.5 percent (seasonally adjusted annual rates).  In the fourth quarter of
2005, productivity had declined 0.3 percent, reflecting increases in output
and hours of 1.5 percent and 1.8 percent, respectively.  (See table 2.)

     Hourly compensation increased 5.7 percent in the first quarter of 2006,
more rapidly than in the fourth quarter, when it grew 2.7 percent.  When the
rise in consumer prices was taken into account, real hourly compensation rose
3.6 percent in the first quarter, in contrast to a 0.6-percent decline in the
fourth quarter of 2005.

     Unit labor costs grew 2.5 percent in the first quarter of 2006,
following a 3.0-percent rise one quarter earlier.  The implicit price
deflator for nonfarm business output rose 2.8 percent in the first quarter of
2006 and 3.6 percent in the fourth quarter of 2005.

Manufacturing

     Productivity increased 4.2 percent in manufacturing in the first quarter
of 2006, as output increased 5.8 percent and hours of all persons rose 1.6
percent (seasonally adjusted annual rates).  Manufacturing hours had also
increased in the fourth quarter of 2005, 4.6 percent, after six consecutive
quarterly declines (See table 3.)  The 3.8-percent increase in durable goods
manufacturing in the first quarter was the smallest since a 3.7 percent rise
in the fourth quarter of 2003, and reflected growth in output and hours of
4.7 percent and 0.9 percent, respectively.  Productivity grew faster in
nondurable goods manufacturing than in durable goods industries in the first
quarter, 4.4 percent, as output jumped 7.3 percent and hours of all persons
increased 2.7 percent.

     The hourly compensation of all manufacturing workers increased 2.4 
percent during the first quarter of 2006, and real hourly compensation rose 
0.3 percent (seasonally adjusted annual rates).  The 2.4-percent hourly
compensation increase reflected a 3.3-percent gain in durable goods hourly
compensation and a 1.0 percent rise in compensation per hour in nondurable
goods industries.  This was the smallest increase in nondurable manufacturing
hourly compensation since the first quarter of 2004, when it rose 0.8
percent.

     Because the productivity of manufacturing workers rose more rapidly than
their hourly compensation, unit labor costs decreased in the first quarter,
by 1.7 percent.  Unit labor costs in manufacturing have fallen in three of
the last four quarters.  Unit labor costs declined 0.5 percent in durable
goods manufacturing in the first quarter of 2006, less than in the nondurable
goods subsector, where these costs fell 3.3 percent.

Fourth-quarter and annual measures for nonfinancial corporations

     Fourth-quarter and annual 2005 measures of productivity and costs also
were announced today for the nonfinancial corporate sector (tables B, C, and
6).  Output per all-employee hour grew 4.6 percent from the third to the
fourth quarter of 2005, as output grew 7.3 percent and employee hours
increased 2.5 percent.  The nonfinancial corporate sector includes all
corporations doing business in the United States, except those classified as
depository institutions, nondepository institutions, security and commodity
brokers, insurance carriers, regulated investment offices, small business
investment offices, and real estate investment trusts.

---------------------------------------------------------------------------
Table B.  Nonfinancial corporations: Fourth-quarter 2005 productivity and
cost measures
(Seasonally adjusted annual rates)
---------------------------------------------------------------------------                                                                  
                                         Real                     
                                Hourly   hourly   Unit            Implicit
        Produc-                 compen-  compen-  labor  Unit     price
Period  tivity  Output  Hours   sation   sation   costs  profits  deflator
---------------------------------------------------------------------------                                                                  
                 Percent change from preceding quarter
                 
2005 IV   4.6    7.3     2.5     2.5      -0.8     -2.0   47.1     1.7
---------------------------------------------------------------------------
                 Percent change from same quarter a year ago
                 
2005 IV   4.0    5.7     1.6     3.9       0.2     -0.1   20.0     1.8
---------------------------------------------------------------------------


     Hourly compensation in this sector increased 2.5 percent in the fourth
quarter, but when consumer prices are taken into account, real hourly
compensation fell 0.8 percent.  Unit labor costs fell 2.0 percent in the
fourth quarter of 2005.  Unit profits grew 47.1 percent in the fourth quarter
of 2005 after falling 8.8 percent in the previous quarter.  The implicit
price deflator for nonfinancial corporate output grew 1.7 percent during the
fourth quarter of 2005 after rising 2.1 percent in the third quarter.

     In calendar year 2005, productivity in the nonfinancial corporate sector
grew 5.0 percent--the largest annual increase in the history of the series,
which begins in 1959.  Output per hour had increased 4.0 percent in 2004, 4.3
percent in 2003, and 3.9 percent in 2002.  When the annual average for 2005
is compared to that for 2001, productivity growth in nonfinancial
corporations averaged 4.3 percent per year. Nonfinancial corporate output
grew 6.5 percent in 2005, compared to 5.5-percent growth in 2004.  Employee
hours increased 1.4 percent in each of the last two years. (See table C.)

-----------------------------------------------------------------------------
Table C. Nonfinancial corporations: Annual changes in productivity and
related measures, 1996-2005
-----------------------------------------------------------------------------
Measure                  1996 1997  1998 1999  2000  2001 2002 2003 2004 2005  
-----------------------------------------------------------------------------
Productivity              3.7  2.6   3.2  3.4   3.6   1.6  3.9  4.3  4.0  5.0  
Output                    5.5  6.5   5.7  6.0   5.2  -0.9  0.9  2.8  5.5  6.5 
Hours                     1.8  3.8   2.4  2.6   1.6  -2.5 -2.9 -1.4  1.4  1.4 
Hourly compensation       3.0  3.0   5.7  4.6   6.8   4.0  3.4  4.0  4.1  5.6 
Real hourly compensation  0.3  0.9   4.3  2.4   3.3   1.2  1.8  1.6  1.3  2.1 
Unit labor costs         -0.7  0.4   2.4  1.2   3.1   2.4 -0.4 -0.3  0.0  0.5  
Unit nonlabor costs      -1.3 -0.2  -0.2  0.9   3.8   8.1 -1.6  0.0 -0.5 -2.3 
Total unit costs         -0.8  0.2   1.7  1.1   3.3   3.9 -0.7 -0.2 -0.1 -0.2  
Unit profits              9.6  2.9 -11.2 -5.8 -15.8 -24.3 19.2 18.9 18.1 14.7 
Implicit price deflator   0.4  0.6   0.0  0.3   1.2   1.3  0.6  1.3  1.6  1.4 
-----------------------------------------------------------------------------
     
     
     Hourly compensation grew 5.6 percent in 2005, and real hourly
compensation increased 2.1 percent.  These were the largest increases in both
of these series since 2000, when compensation per hour increased 6.8 percent
and real hourly compensation grew 3.3 percent. Total unit costs declined 0.2
percent, reflecting a 0.5-percent rise in unit labor costs and a 2.3-percent
drop in unit nonlabor costs.  The rise in unit labor costs was the first
since 2001, when these costs increased 2.4 percent.  Unit profits rose 14.7
percent in 2005.  The implicit price deflator, which reflects both the unit
costs and unit profits measures, rose 1.4 percent in 2005.

Revised measures

     Current and previous measures for the fourth quarter and annual average
of 2005 in the business, nonfarm business, and manufacturing sectors are
compared in table D.  Some of the quarterly movements differ from those
reported on March 7.  In the business and nonfarm business sectors,
productivity was revised up slightly, as hours were revised down.  Small
downward revisions to fourth-quarter hourly compensation and incorporation of
updated information on consumer prices led to larger declines in real hourly
compensation than reported March 7.  The upward revisions to productivity and
downward revisions to hourly compensation resulted in smaller increases in
unit labor costs in the business and nonfarm business sectors than previously
reported.

     Fourth-quarter productivity growth in the manufacturing sector was not
changed from the previous estimate due to offsetting upward revisions to
output and hours.  A downward revision to compensation, combined with the
upward revision to hours, produced a smaller increase in hourly compensation,
and a larger decrease in real hourly compensation, than reported March 7.
The downward revision to hourly compensation led to a larger decline in unit
labor costs than previously reported.

---------------------------------------------------------------------------
Table D. Previous and revised productivity and related measures
Quarterly percent change at seasonally adjusted annual rate
---------------------------------------------------------------------------                                                                
                                                       Real     
                                             Hourly    hourly    Unit
                   Produc-                   compen-   compen-   labor
Sector             tivity   Output   Hours   sation    sation    costs
---------------------------------------------------------------------------                                                                
                             Fourth quarter 2005
Business:                                                       
  Previous          0.0      1.8      1.7     3.1      -0.1       3.1
  Revised           0.2      1.8      1.6     3.0      -0.3       2.8
Nonfarm business:                                               
  Previous         -0.5      1.5      2.0     2.8      -0.4       3.3
  Revised          -0.3      1.5      1.8     2.7      -0.6       3.0
Manufacturing:                                                  
  Previous          4.7      9.3      4.4     1.8      -1.4      -2.8
  Revised           4.7      9.4      4.6     1.2      -2.0      -3.3
---------------------------------------------------------------------------
                             Annual average 2005
Business:                                                       
  Previous          2.7      4.0      1.3     5.4       2.0       2.7
  Revised           2.6      4.0      1.4     5.3       1.9       2.6
Nonfarm business:                                              
  Previous          2.9      4.2      1.3     5.5       2.1       2.6
  Revised           2.7      4.2      1.4     5.4       2.0       2.5
Manufacturing:                                                  
  Previous          5.0      3.9     -1.1     7.0       3.5       1.9
  Revised           5.0      3.9     -1.1     7.0       3.5       1.9
---------------------------------------------------------------------------
     
     
     All of the 2005 annual average annual productivity and cost measures
reported for the business and nonfarm business sectors and for manufacturing
are similar to those reported in March.

     The Consumer Price Index Research Series has been updated and new
seasonal factors applied to it.  Real hourly compensation measures are
revised beginning with 2001.  See appendix tables 1-6.
                                      
                                      
                              Next release date

     The next release of Productivity and Costs is scheduled for 8:30 AM EDT,
Thursday, June 1, 2006.  First-quarter measures for nonfinancial corporations
and revised first quarter measures for business, nonfarm business, and
manufacturing will be released at that time.

                               TECHNICAL NOTES
                                      
Labor  Hours: Hours data for the labor productivity and cost measures include
hours for all persons working in the sector-wage and salary workers, the self-
employed  and  unpaid family workers.  The primary source  of  hours  and  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 enter
prises are derived from the CPS, the CES, and the National Income and Product
Accounts  (NIPA)  prepared by the Bureau of Economic Analysis  (BEA)  of  the
Department of Commerce.
    The  CES measures jobs, counting a person who is employed by two or  more
establishments  at each place of employment. In contrast,  the  CPS  features
measures  of  employment that count each person only once and  classify  each
person according to his or her primary job; hours worked at all jobs by  that
person accrue to his or her primary job.  However, the CPS also collects more
detailed information on employment and hours worked at primary jobs  and  all
other  jobs, separately.  The BLS productivity measures use the more detailed
information on employment and hours to assign all hours worked to the correct
industrial sector and avoid duplicating hours data from the CES.

Output: Business sector output is an annual-weighted index constructed  after
excluding  from  gross domestic product (GDP) the following outputs:  general
government, nonprofit institutions, and private households (including  owner-
occupied  housing). Corresponding exclusions also are made in  labor  inputs.
Business  output accounted for about 78 percent of the value of GDP in  2000.
Nonfarm business, which also excludes farming, accounted for about 77 percent
of GDP in 2000.
   Annual  indexes  for  manufacturing and its durable and  nondurable  goods
components  are  constructed by deflating current-dollar  industry  value  of
production  data from the U.S. Bureau of the Census with deflators  from  the
BEA.   These deflators are based on data from the BLS producer price  program
and  other  sources.   The  industry shipments are  aggregated  using  annual
weights,  and  intrasector transactions are removed.  Quarterly manufacturing
output  measures  are  based on the index of industrial  production  prepared
monthly by the Board of Governors of the Federal Reserve System, adjusted  to
be  consistent with annual indexes of manufacturing sector output prepared by
BLS.   Durables include the following 3-digit NAICS industries: wood  product
manufacturing;  nonmetallic  mineral  product  manufacturing;  primary  metal
manufacturing;  fabricated  metal  product manufacturing;  machinery  manufac
turing;  computer and electronic product manufacturing; electrical  equipment
and   appliance   manufacturing;  transportation   equipment   manufacturing;
furniture and related product manufacturing; and miscellaneous manufacturing.
Nondurables include: food manufacturing; beverage and tobacco product manufac
turing;  textile mills; textile product mills; apparel manufacturing; leather
and  allied product manufacturing; paper manufacturing; printing and  related
support activities; petroleum and coal products manufacturing; chemical  manu
facturing; and plastics and rubber products manufacturing.
   Nonfinancial  corporate output is an annual-weighted index  calculated  on
the  basis of the costs incurred and the incomes earned from production.  The
output  measure excludes the following outputs from GDP: general  government;
nonprofit  institutions;  private households;  unincorporated  business;  and
those  corporations classified as offices of bank holding companies,  offices
of  other holding companies, or offices in the finance and insurance  sector.
Nonfinancial corporations accounted for about 54 percent of the value of  GDP
in 2000.
   
Productivity:  These productivity measures describe the relationship  between
real  output  and the labor time involved in its production.  They  show  the
changes  from  period to period in the amount of goods and services  produced
per  hour.  Although these measures relate output to hours  at  work  of  all
persons engaged in a sector, they do not measure the specific contribution of
labor,  capital, or any other factor of production. Rather, they reflect  the
joint  effects  of many influences, including changes in technology;  capital
investment; level of output; utilization of capacity, energy, and  materials;
the organization of production; managerial skill; and the characteristics and
effort of the work force.

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     131.7      152.6     115.9     154.4       118.5      117.2       123.2      119.4
            II     132.9      154.1     116.0     155.8      r118.4      117.3       126.1      120.5
           III     133.4      155.8     116.8     158.3      r119.6      118.6       124.3      120.7
            IV     134.3      157.2     117.1     162.5      r121.8      121.0       122.2      121.5

        ANNUAL     133.1      154.9     116.4     157.8       119.6      118.5       123.9      120.6

  2005       I     135.4      158.9     117.3     164.5      r122.5      121.4       123.7      122.3
            II     135.8      160.4     118.1     164.7      r121.5      121.2       126.2      123.1
           III     137.5      162.3     118.1     167.1      r121.7      121.6       128.3      124.1
            IV    r137.5     r163.1    r118.6    r168.3      r121.6     r122.4      r129.8     r125.1

        ANNUAL    r136.6     r161.2    r118.0    r166.1      r121.8     r121.7      r127.0     r123.7

  2006       I     138.7      165.4     119.2     170.7       122.7      123.1       130.9      126.0
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2004       I       3.7        4.9       1.2       4.2        r0.5        0.5         9.1        3.7
            II       3.7        4.0       0.3       3.9       r-0.2        0.2         9.8        3.8
           III       1.6        4.4       2.8       6.4        r4.2        4.8        -5.5        0.7
            IV       2.7        3.6       0.9      11.2         7.4        8.3        -6.5        2.4

        ANNUAL       3.5        4.8       1.3       4.7         2.0        1.2         4.4        2.4

  2005       I       3.4        4.4       0.9       4.8         2.4        1.3         5.1        2.7
            II       1.1        4.0       2.8       0.5       r-3.2       -0.6         8.3        2.6
           III       4.9        4.8      -0.1       6.0        r0.5        1.1         6.7        3.2
            IV      r0.2        1.8      r1.6      r3.0       r-0.3       r2.8        r4.7       r3.5

        ANNUAL      r2.6        4.0      r1.4      r5.3        r1.9       r2.6        r2.5        2.6

  2006       I       3.4        5.8       2.3       5.8         3.6        2.3         3.4        2.7
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2004       I       4.9        5.5       0.6       4.5         2.6       -0.4         5.7        1.9
            II       3.9        5.3       1.4       3.7        r0.9       -0.2         7.5        2.7
           III       2.2        4.0       1.7       4.2        r1.4        1.9         3.3        2.4
            IV       2.9        4.2       1.3       6.4         2.9        3.4         1.4        2.6

        ANNUAL       3.5        4.8       1.3       4.7         2.0        1.2         4.4        2.4

  2005       I       2.8        4.1       1.2       6.5         3.4        3.6         0.5        2.4
            II       2.2        4.1       1.9       5.7        r2.6        3.4         0.1        2.1
           III       3.0        4.2       1.1       5.6         1.7        2.5         3.2        2.7
            IV       2.4        3.7       1.3       3.6       r-0.2       r1.1        r6.2        3.0

        ANNUAL      r2.6        4.0      r1.4      r5.3        r1.9       r2.6        r2.5        2.6

  2006       I       2.4        4.1       1.6       3.8         0.1        1.4         5.8        3.0
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       May 4, 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     130.8      152.8     116.8     153.4       117.7      117.3       123.6      119.6
            II     132.3      154.5     116.8     154.9      r117.7      117.1       126.4      120.6
           III     132.8      156.3     117.6     157.3      r118.9      118.4       125.4      121.0
            IV     133.5      157.7     118.2     161.1      r120.7      120.7       123.6      121.8

        ANNUAL     132.4      155.3     117.3     156.7       118.8     r118.4       124.8      120.7

  2005       I     134.7      159.4     118.3     163.3      r121.7      121.2       125.1      122.7
            II     135.5      161.2     118.9     163.8      r120.9      120.9       127.9      123.5
           III     136.9      163.0     119.1     166.0      r120.9      121.3       130.1      124.5
            IV    r136.8     r163.6    r119.6    r167.2      r120.8     r122.2      r131.6     r125.6

        ANNUAL    r136.0     r161.8    r119.0    r165.1      r121.1     r121.4      r128.7     r124.1

  2006       I     137.9      165.9     120.3     169.5       121.8      122.9       132.7      126.5
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2004       I       2.4        4.2       1.7       3.4       r-0.2        1.0         7.9        3.6
            II       4.5        4.6       0.1       4.0        r0.0       -0.5         9.5        3.2
           III       1.7        4.6       2.9       6.2        r4.0        4.5        -3.2        1.5
            IV       2.0        3.9       1.9      10.0        r6.3        7.9        -5.7        2.6

        ANNUAL       3.4        4.8       1.3       4.6         1.8        1.1         3.9        2.1

  2005       I       3.8        4.3       0.5       5.6         3.2        1.8         5.1        3.0
            II       2.4        4.4       2.0       1.3       r-2.4       -1.0         9.0        2.7
           III       4.2        4.7       0.4       5.5        r0.0        1.2         7.3        3.5
            IV     r-0.3        1.5      r1.8      r2.7       r-0.6       r3.0        r4.5       r3.6

        ANNUAL      r2.7        4.2      r1.4      r5.4        r2.0       r2.5        r3.2        2.8

  2006       I       3.2        5.8       2.5       5.7         3.6        2.5         3.4        2.8
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2004       I       4.7        5.5       0.8       4.3         2.5       -0.3         4.5        1.5
            II       4.2        5.5       1.2       3.8        r1.0       -0.4         6.5        2.1
           III       2.3        4.0       1.7       4.1        r1.3        1.8         3.0        2.3
            IV       2.6        4.3       1.7       5.9        r2.5        3.2         1.9        2.7

        ANNUAL       3.4        4.8       1.3       4.6         1.8        1.1         3.9        2.1

  2005       I       3.0        4.4       1.4       6.4        r3.3        3.4         1.2        2.6
            II       2.4        4.3       1.8       5.8         2.7        3.2         1.1        2.4
           III       3.1        4.3       1.2       5.6         1.7        2.4         3.8        2.9
            IV       2.5        3.7       1.2       3.8        r0.0       r1.2        r6.5       r3.2

        ANNUAL      r2.7        4.2      r1.4      r5.4        r2.0       r2.5        r3.2        2.8

  2006       I       2.4        4.1       1.7       3.8         0.1        1.4         6.0        3.1
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       May 4, 2006
  r=revised                                                              Source: Bureau of Labor Statistics



  
  Table 3, corrected. 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            159.0        135.7         85.4        159.2          122.1         100.1
            II            162.2        137.9         85.0        161.2         r122.5          99.4
           III            164.0        139.3         84.9        165.0         r124.7         100.6
            IV            166.7        140.8         84.4        169.9         r127.3         101.9

        ANNUAL            163.0        138.4         84.9        163.8          124.1         100.5

  2005       I            168.7        142.2         84.3        172.8         r128.7         102.4
            II            170.3        142.7         83.8        174.3         r128.7         102.4
           III            171.8        143.6         83.6        176.7         r128.7         102.8
            IV           r173.8       r146.9        r84.5       r177.3         r128.0        r102.0

        ANNUAL           r171.2       r143.8        r84.0       r175.3         r128.5        r102.4

  2006       I            175.6        149.0         84.8       c178.3         c128.1        c101.5
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2004       I              3.6          5.9          2.2         -9.6         r-12.7         -12.7
            II              8.3          6.6         -1.6          5.1           r1.1          -3.0
           III              4.6          4.1         -0.4         10.0           r7.6           5.1
            IV              6.7          4.3         -2.3         12.3            8.5           5.2

        ANNUAL              5.5          5.0         -0.5          2.3           -0.4          -3.1

  2005       I              4.8          4.2         -0.5          6.9            4.5           2.0
            II              3.9          1.2         -2.5          3.6          r-0.1          -0.2
           III              3.7          2.6         -1.0          5.6           r0.1           1.8
            IV              4.7         r9.4         r4.6         r1.2          r-2.0         r-3.3

        ANNUAL              5.0          3.9         -1.1          7.0            3.5           1.9

  2006       I              4.2          5.8          1.6         c2.4           c0.3         c-1.7
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2004       I              5.2          3.4         -1.8          1.6           -0.2          -3.4
            II              6.3          5.7         -0.6          1.3           -1.5          -4.7
           III              4.8          5.7          0.9          2.2           -0.5          -2.5
            IV              5.8          5.2         -0.6          4.1           r0.8          -1.6

        ANNUAL              5.5          5.0         -0.5          2.3           -0.4          -3.1

  2005       I              6.1          4.8         -1.2          8.6            5.4           2.3
            II              5.0          3.4         -1.5          8.2            5.1           3.0
           III              4.8          3.1         -1.6          7.1            3.2           2.2
            IV             r4.2          4.3         r0.1         r4.3           r0.6          r0.1

        ANNUAL              5.0          3.9         -1.1          7.0            3.5           1.9

  2006       I              4.1          4.7          0.6         c3.2          c-0.4         c-0.9
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                May 4, 2006
  r=revised, c=corrected                                          Source: Bureau of Labor Statistics





  Table 4, corrected. 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            185.9        165.9         89.2        155.6          119.4          83.7
            II            189.7        168.7         89.0        158.1         r120.1          83.4
           III            192.1        171.6         89.3        162.0         r122.4          84.3
            IV            195.9        174.1         88.9        166.2         r124.5          84.8

        ANNUAL            190.9        170.1         89.1        160.5          121.6          84.1

  2005       I            199.1        177.0         88.9        169.0         r125.9          84.9
            II            201.1        178.1         88.6        169.9         r125.4          84.5
           III            204.3        181.2         88.7        172.3         r125.5          84.4
            IV           r209.2       r187.7        r89.7       r172.9         r124.9         r82.6

        ANNUAL           r203.4       r181.0        r89.0       r171.0         r125.4         r84.1

  2006       I            211.1        189.8         89.9       c174.3         c125.2         c82.5
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2004       I              4.1          8.5          4.2        -14.8         r-17.7         -18.1
            II              8.4          7.0         -1.2          6.6           r2.5          -1.6
           III              5.3          6.9          1.5         10.1           r7.8           4.6
            IV              8.2          6.1         -1.9         10.9           r7.1           2.5

        ANNUAL              6.7          7.3          0.6          1.2           -1.5          -5.2

  2005       I              6.7          6.8          0.1          6.9            4.4           0.2
            II              4.0          2.6         -1.4          2.3          r-1.4          -1.7
           III              6.5          7.0          0.4          5.8           r0.3          -0.7
            IV             r9.9        r15.2         r4.8         r1.2          r-2.1         r-7.9

        ANNUAL              6.6          6.4        r-0.1          6.6           r3.1           0.0

  2006       I              3.8          4.7          0.9         c3.3           c1.2         c-0.5
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2004       I              7.0          5.9         -1.0          0.4           -1.4          -6.1
            II              7.8          8.2          0.4          0.3           -2.4          -6.9
           III              5.4          8.0          2.5          1.2           -1.5          -3.9
            IV              6.5          7.1          0.6          2.6           -0.7          -3.6

        ANNUAL              6.7          7.3          0.6          1.2           -1.5          -5.2

  2005       I              7.1          6.7         -0.4          8.6           r5.4           1.4
            II              6.0          5.6         -0.4          7.5            4.4           1.4
           III              6.3          5.6         -0.7          6.4            2.5           0.1
            IV              6.8          7.8         r1.0         r4.0           r0.3         r-2.6

        ANNUAL              6.6          6.4        r-0.1          6.6           r3.1           0.0

  2006       I              6.0          7.3          1.1         c3.1          c-0.5         c-2.7
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                May 4, 2006
  r=revised, c=corrected                                          Source: Bureau of Labor Statistics



  Table 5, corrected. 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            133.3        106.1         79.6        164.1          125.9         123.1
            II            136.1        107.7         79.1        165.1         r125.4         121.3
           III            137.6        107.8         78.4        168.7         r127.5         122.6
            IV            139.3        108.4         77.8        174.7         r130.9         125.5

        ANNUAL            136.6        107.5         78.7        168.1          127.4         123.1

  2005       I            140.2        108.6         77.5        177.7         r132.4         126.7
            II            141.7        108.5         76.6        180.3         r133.1         127.3
           III            141.9        107.7         75.9        182.5         r132.9         128.6
            IV           r141.2       r108.3        r76.7       r183.0         r132.2        r129.6

        ANNUAL           r141.3       r108.3        r76.7       r180.9         r132.6        r128.0

  2006       I            142.8        110.3         77.2       c183.5         c131.9        c128.5
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2004       I              3.7          2.6         -1.1          0.8          r-2.7          -2.8
            II              8.5          6.0         -2.3          2.4          r-1.6          -5.7
           III              4.5          0.7         -3.6          9.1           r6.8           4.4
            IV              5.0          2.0         -2.8         15.1          r11.2           9.6

        ANNUAL              4.6          2.2         -2.4          4.2            1.5          -0.4

  2005       I              2.7          0.9         -1.7          6.9            4.5           4.1
            II              4.2         -0.4         -4.4          6.0           r2.2           1.7
           III              0.7         -2.8         -3.5          5.0          r-0.5           4.2
            IV            r-1.9         r2.3         r4.2         r1.2          r-2.0          r3.2

        ANNUAL              3.4         r0.8         -2.6          7.6            4.1           4.0

  2006       I              4.4          7.3          2.7         c1.0          c-1.1         c-3.3
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2004       I              3.5          0.3         -3.1          3.8            1.9           0.3
            II              4.9          2.6         -2.2          2.8            0.0          -1.9
           III              4.8          3.0         -1.7          3.6            0.9          -1.1
            IV              5.4          2.8         -2.5          6.7           r3.3           1.2

        ANNUAL              4.6          2.2         -2.4          4.2            1.5          -0.4

  2005       I              5.2          2.4         -2.6          8.3            5.1           3.0
            II              4.1          0.8         -3.2          9.2            6.1           4.9
           III              3.1         -0.1         -3.1          8.2            4.2           4.9
            IV              1.4         r0.0        r-1.4         r4.8           r1.0          r3.3

        ANNUAL              3.4         r0.8         -2.6          7.6            4.1           4.0

  2006       I              1.8          1.5         -0.3         c3.3          c-0.4          c1.4
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                May 4, 2006
  r=revised, c=corrected                                          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

  2003       I    130.5    152.4     116.7    144.6     113.0     110.8    111.4    111.0    107.7    110.7
            II    132.9    154.5     116.2    147.1    r114.9     110.7    110.4    110.6    113.6    110.9
           III    135.2    157.1     116.2    148.9    r115.6     110.1    110.8    110.3    119.8    111.1
            IV    136.1    158.9     116.8    149.8    r116.0     110.1    110.7    110.2    124.6    111.5

        ANNUAL    133.7    155.7     116.5    147.6     114.9     110.4    110.8    110.5    116.5    111.0

  2004       I    136.4    160.3     117.6    150.3     115.4     110.2    111.2    110.5    130.0    112.2
            II    137.3    161.7     117.7    151.8    r115.4     110.6    111.2    110.7    138.3    113.2
           III    139.8    165.4     118.3    154.2    r116.5     110.2    110.0    110.2    139.4    112.8
            IV    142.7    169.4     118.7    158.0    r118.4     110.7    108.5    110.1    142.7    113.1

        ANNUAL    139.1    164.2     118.1    153.6     116.4     110.4    110.2    110.4    137.7    112.8

  2005       I    143.7    170.8     118.9    160.3    r119.4     111.6    107.9    110.6    145.2    113.7
            II    145.3    173.8     119.6    160.8    r118.7     110.6    107.0    109.7    159.1    114.1
           III    146.8    175.9     119.9    163.2    r118.9     111.2    109.2    110.7    155.5    114.7
            IV    148.4    179.1     120.6    164.2     118.6     110.6    106.9    109.6    171.2    115.1

        ANNUAL    146.1    174.9     119.7    162.1     118.9     111.0    107.7    110.1    157.9    114.4

  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  2003       I      1.4     -1.6      -2.9      4.1      r0.2       2.6      6.5      3.7    -11.8      2.2
            II      7.4      5.6      -1.7      6.9      r6.7      -0.5     -3.2     -1.2     23.6      0.8
           III      7.3      7.1      -0.2      5.1      r2.6      -2.1      1.2     -1.2     23.7      0.9
            IV      2.5      4.7       2.1      2.4      r1.3      -0.1     -0.4     -0.2     17.0      1.4

        ANNUAL      4.3      2.8      -1.4      4.0       1.6      -0.3      0.0     -0.2     18.9      1.3

  2004       I      0.8      3.6       2.7      1.4     r-2.1       0.6      2.0      0.9     18.4      2.6
            II      2.9      3.5       0.6      4.1      r0.1       1.2      0.2      0.9     28.0      3.5
           III      7.4      9.6       2.0      6.2      r4.0      -1.1     -4.4     -2.0      3.3     -1.4
            IV      8.5     10.1       1.5     10.4      r6.7       1.8     -5.3     -0.1      9.8      0.9

        ANNUAL      4.0      5.5       1.4      4.1       1.3       0.0     -0.5     -0.1     18.1      1.6

  2005       I      2.8      3.3       0.4      6.0       3.6       3.1     -2.5      1.6      7.1      2.2
            II      4.6      7.1       2.4      1.1     r-2.6      -3.4     -3.1     -3.3     44.3      1.4
           III      4.1      5.1       1.0      6.3      r0.7       2.1      8.2      3.7     -8.8      2.1
            IV      4.6      7.3       2.5      2.5      -0.8      -2.0     -8.0     -3.6     47.1      1.7

        ANNUAL      5.0      6.5       1.4      5.6       2.1       0.5     -2.3     -0.2     14.7      1.4

  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  2003       I      3.6      2.1      -1.5      3.2      r0.4      -0.4     -1.5     -0.7     25.5      1.2
            II      3.9      2.1      -1.8      3.7      r1.5      -0.3     -0.2     -0.3     20.2      1.3
           III      4.8      3.2      -1.5      4.3      r2.0      -0.5      0.7     -0.2     19.5      1.4
            IV      4.6      3.9      -0.7      4.6       2.7       0.0      0.9      0.2     12.1      1.3

        ANNUAL      4.3      2.8      -1.4      4.0       1.6      -0.3      0.0     -0.2     18.9      1.3

  2004       I      4.5      5.2       0.7      3.9       2.1      -0.5     -0.1     -0.4     20.7      1.4
            II      3.4      4.7       1.3      3.3       0.4      -0.1      0.7      0.1     21.7      2.1
           III      3.4      5.3       1.8      3.5       0.8       0.1     -0.7     -0.1     16.3      1.5
            IV      4.8      6.6       1.7      5.5      r2.1       0.6     -1.9     -0.1     14.5      1.4

        ANNUAL      4.0      5.5       1.4      4.1       1.3       0.0     -0.5     -0.1     18.1      1.6

  2005       I      5.4      6.5       1.1      6.7      r3.5       1.2     -3.0      0.1     11.7      1.3
            II      5.8      7.5       1.6      5.9      r2.8       0.1     -3.8     -1.0     15.1      0.8
           III      5.0      6.4       1.3      5.9       2.0       0.9     -0.8      0.4     11.5      1.7
            IV      4.0      5.7       1.6      3.9       0.2      -0.1     -1.5     -0.5     20.0      1.8

        ANNUAL      5.0      6.5       1.4      5.6       2.1       0.5     -2.3     -0.2     14.7      1.4

  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        May 4, 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 +1.4 index points approximately 95 percent of the time.  
This interval is based on the performance of this measure between the fourth quarter of 
1995 and the fourth quarter of 2005.

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    117.0      141.1     120.6     138.7       112.9      118.6       106.5      114.1
            II    118.5      141.4     119.3     139.7      r112.9      117.8       110.0      114.9
           III    119.0      140.3     117.9     140.4      r113.2      118.0       110.5      115.2
            IV    120.8      141.0     116.6     141.4      r114.1      117.0       113.1      115.6

        ANNUAL    118.8      141.0     118.6     140.0       113.3      117.8       110.0      114.9

  2002       I    122.5      141.9     115.8     143.3      r115.2      117.0       113.2      115.6
            II    123.1      142.6     115.9     145.0      r115.7      117.8       112.7      115.9
           III    124.4      143.8     115.6     145.6       115.6      117.0       114.8      116.2
            IV    124.5      144.0     115.7     145.7      r114.9      117.1       116.1      116.7

        ANNUAL    123.6      143.1     115.7     144.9       115.4      117.2       114.2      116.1

  2003       I    125.6      144.6     115.2     147.8       115.5      117.7       116.5      117.2
            II    127.9      146.4     114.4     150.3      r117.4      117.5       117.2      117.4
           III    130.5      149.8     114.8     151.9      r117.9      116.4       120.4      117.9
            IV    130.5      150.8     115.5     152.8      r118.3      117.1       120.5      118.3

        ANNUAL    128.6      147.9     115.0     150.7       117.3      117.1       118.7      117.7

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2001       I     -0.7       -1.1      -0.5       6.8         2.9        7.5        -5.7        2.7
            II      5.4        0.8      -4.4       2.8        r0.0       -2.5        13.8        3.0
           III      1.6       -3.1      -4.6       2.1        r1.0        0.5         1.8        1.0
            IV      6.3        1.8      -4.3       2.8        r3.2       -3.3        10.0        1.3

        ANNUAL      2.5        0.3      -2.1       4.2         1.3        1.6         2.6        2.0

  2002       I      5.6        2.6      -2.8       5.7        r4.2        0.1         0.3        0.2
            II      1.9        2.1       0.2       4.7        r1.6        2.7        -1.9        1.0
           III      4.5        3.6      -0.9       1.8       r-0.5       -2.6         7.8        1.0
            IV      0.0        0.5       0.4       0.2       r-2.1        0.1         4.5        1.7

        ANNUAL      4.0        1.5      -2.4       3.5         1.9       -0.5         3.8        1.0

  2003       I      3.7        1.7      -1.9       5.8        r1.8        2.0         1.5        1.8
            II      7.5        4.9      -2.5       7.1        r6.9       -0.4         2.5        0.6
           III      8.4        9.9       1.3       4.3        r1.7       -3.8        11.2        1.6
            IV      0.0        2.6       2.5       2.4        r1.3        2.4         0.5        1.6

        ANNUAL      4.1        3.4      -0.7       4.0         1.7       -0.1         3.9        1.4

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2001       I      2.6        1.8      -0.7       4.8         1.3        2.1         1.1        1.8
            II      2.0        0.2      -1.7       5.0        r1.7        3.0         0.4        2.1
           III      2.7       -0.4      -2.9       3.6         0.9        0.9         3.9        2.0
            IV      3.1       -0.4      -3.4       3.6         1.8        0.5         4.7        2.0

        ANNUAL      2.5        0.3      -2.1       4.2         1.3        1.6         2.6        2.0

  2002       I      4.7        0.5      -4.0       3.3         2.1       -1.3         6.3        1.3
            II      3.8        0.8      -2.9       3.8         2.5        0.0         2.5        0.9
           III      4.6        2.5      -2.0       3.7         2.1       -0.8         3.9        0.9
            IV      3.0        2.2      -0.8       3.0         0.8        0.1         2.6        1.0

        ANNUAL      4.0        1.5      -2.4       3.5         1.9       -0.5         3.8        1.0

  2003       I      2.5        2.0      -0.6       3.1         0.2        0.5         2.9        1.4
            II      3.9        2.6      -1.2       3.7         1.5       -0.2         4.0        1.3
           III      4.9        4.2      -0.7       4.3        r2.0       -0.6         4.8        1.4
            IV      4.9        4.7      -0.2       4.9         2.9        0.0         3.8        1.4

        ANNUAL      4.1        3.4      -0.7       4.0         1.7       -0.1         3.9        1.4

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       May 4, 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    116.4      141.4     121.5     138.0       112.3      118.5       108.0      114.6
            II    118.0      141.9     120.2     138.8      r112.1      117.6       111.7      115.4
           III    118.5      140.8     118.8     139.5      r112.4      117.7       112.1      115.6
            IV    120.3      141.2     117.4     140.6      r113.4      116.8       114.7      116.0

        ANNUAL    118.3      141.3     119.5     139.2       112.6      117.6       111.6      115.4

  2002       I    122.3      142.5     116.5     142.7      r114.7      116.6       115.0      116.0
            II    122.6      143.0     116.6     144.2      r115.1      117.6       114.8      116.6
           III    123.8      144.1     116.4     144.8       114.9      117.0       116.7      116.9
            IV    123.8      144.1     116.4     144.9      r114.4      117.1       117.8      117.3

        ANNUAL    123.1      143.4     116.5     144.2       114.8      117.1       116.1      116.7

  2003       I    125.0      144.8     115.9     147.0       114.9      117.6       118.3      117.9
            II    126.9      146.5     115.4     149.2      r116.6      117.6       118.7      118.0
           III    129.9      150.2     115.6     151.1      r117.3      116.3       121.7      118.3
            IV    130.1      151.2     116.3     152.1      r117.8      117.0       121.3      118.6

        ANNUAL   r128.0      148.2    r115.8    r149.9       116.6      117.1       120.0      118.2

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  2001       I     -0.6       -1.1      -0.6       6.7         2.8        7.3        -5.7        2.5
            II      5.6        1.2      -4.1       2.3       r-0.5       -3.1        14.4        2.7
           III      1.7       -2.9      -4.5       2.1        r1.0        0.4         1.3        0.7
            IV      6.2        1.2      -4.7       3.1        r3.5       -2.9         9.8        1.5

        ANNUAL      2.4        0.4      -2.0       3.9         1.1        1.4         2.6        1.9

  2002       I      6.8        3.5      -3.1       6.1        r4.7       -0.7         1.1        0.0
            II      0.9        1.4       0.5       4.4        r1.4        3.5        -0.7        2.0
           III      4.0        3.1      -0.8       1.7       r-0.6       -2.2         6.6        0.9
            IV      0.1        0.1       0.1       0.3       r-2.0        0.3         3.8        1.6

        ANNUAL      4.1        1.5      -2.5       3.6         2.0       -0.5         4.0        1.1

  2003       I      3.8        2.0      -1.7       5.9        r1.9        2.0         1.8        1.9
            II      6.3        4.7      -1.5       6.2        r6.0       -0.1         1.4        0.4
           III      9.8       10.4       0.6       5.0        r2.5       -4.3        10.6        1.0
            IV      0.5        2.8       2.2       2.8        r1.7        2.2        -1.5        0.8

        ANNUAL      3.9        3.3      -0.6       4.0         1.6        0.0         3.4        1.3

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  2001       I      2.4        1.9      -0.5       4.5         1.0        2.0         1.3        1.8
            II      1.9        0.4      -1.6       4.8        r1.4        2.8         0.6        2.0
           III      2.6       -0.2      -2.7       3.3        r0.7        0.7         4.0        1.8
            IV      3.2       -0.4      -3.5       3.5         1.7        0.3         4.7        1.9

        ANNUAL      2.4        0.4      -2.0       3.9         1.1        1.4         2.6        1.9

  2002       I      5.1        0.7      -4.1       3.4        r2.1       -1.6         6.5        1.2
            II      3.9        0.8      -3.0       3.9        r2.6        0.1         2.8        1.0
           III      4.4        2.3      -2.0       3.8         2.2       -0.6         4.1        1.1
            IV      2.9        2.0      -0.8       3.1        r0.8        0.2         2.7        1.1

        ANNUAL      4.1        1.5      -2.5       3.6         2.0       -0.5         4.0        1.1

  2003       I      2.2        1.7      -0.5       3.1        r0.2        0.9         2.8        1.6
            II      3.5        2.5      -1.0       3.5         1.3        0.0         3.4        1.2
           III      4.9        4.2      -0.7       4.3         2.1       -0.6         4.3        1.2
            IV      5.0        4.9      -0.1       5.0         3.0       -0.1         3.0        1.0

        ANNUAL      3.9        3.3      -0.6       4.0         1.6        0.0         3.4        1.3

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       May 4, 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          135.2         135.5        100.3        138.1          112.4         102.1
            II          136.3         133.6         98.0        137.4         r111.0         100.8
           III          137.0         131.3         95.8        137.0         r110.4         100.0
            IV          140.0         129.5         92.5        139.0         r112.1          99.3

        ANNUAL          137.1         132.5         96.6        137.9          111.5         100.6

  2002       I          143.3         130.1         90.8        144.6         r116.2         100.9
            II          145.5         131.6         90.4        147.6         r117.8         101.4
           III          147.4         132.0         89.5        149.1          118.3         101.1
            IV          148.5         131.2         88.4        150.2         r118.5         101.2

        ANNUAL          146.2         131.2         89.8        147.8          117.7         101.1

  2003       I          151.1         131.3         86.9        156.6          122.4         103.7
            II          152.6         130.5         85.5        159.1         r124.3         104.3
           III          156.5         131.8         84.2        161.5         r125.4         103.2
            IV          157.6         133.8         84.9        163.2         r126.4         103.6

        ANNUAL          154.4         131.8         85.4        160.1          124.6         103.7

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2001       I           -0.7          -7.2         -6.6          4.1            0.2           4.8
            II            3.4          -5.7         -8.7         -2.1          r-4.8          -5.3
           III            2.0          -6.8         -8.6         -1.0          r-2.0          -2.9
            IV            9.2          -5.3        -13.3          5.9           r6.3          -3.0

        ANNUAL            2.0          -4.7         -6.5          2.3           -0.5           0.3

  2002       I            9.7           2.1         -6.9         17.1           15.4           6.7
            II            6.4           4.6         -1.7          8.6           r5.4           2.1
           III            5.4           1.3         -3.9          4.1           r1.8          -1.2
            IV            2.9          -2.4         -5.2          3.1           r0.7           0.2

        ANNUAL            6.6          -0.9         -7.1          7.3            5.6           0.6

  2003       I            7.1           0.3         -6.4         18.1          r13.7          10.2
            II            4.1          -2.5         -6.3          6.7           r6.5           2.5
           III           10.6           3.9         -6.0          6.1           r3.6          -4.0
            IV            2.8           6.4          3.5          4.2           r3.0           1.3

        ANNUAL            5.6           0.5         -4.9          8.3            5.9           2.5

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2001       I            1.6          -2.2         -3.7          3.7            0.2           2.0
            II            1.5          -4.5         -5.9          3.6           r0.3           2.1
           III            2.1          -5.7         -7.7          0.8           -1.8          -1.3
            IV            3.4          -6.3         -9.3          1.7          r-0.2          -1.7

        ANNUAL            2.0          -4.7         -6.5          2.3           -0.5           0.3

  2002       I            6.0          -4.0         -9.4          4.7           r3.4          -1.2
            II            6.8          -1.5         -7.7          7.5            6.1           0.7
           III            7.6           0.6         -6.6          8.8            7.1           1.1
            IV            6.0           1.3         -4.4          8.1            5.7           1.9

        ANNUAL            6.6          -0.9         -7.1          7.3            5.6           0.6

  2003       I            5.4           0.9         -4.3          8.3            5.3           2.7
            II            4.9          -0.8         -5.4          7.8            5.5           2.8
           III            6.1          -0.2         -6.0          8.4            6.0           2.1
            IV            6.1           2.0         -3.9          8.6            6.6           2.4

        ANNUAL            5.6           0.5         -4.9          8.3            5.9           2.5

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                May 4, 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          151.3         161.2        106.6        136.3          110.9          90.1
            II          152.5         158.3        103.9        135.8         r109.8          89.1
           III          153.5         154.5        100.7        135.5         r109.2          88.3
            IV          156.4         151.1         96.6        137.9         r111.3          88.2

        ANNUAL          153.3         156.3        101.9        136.4          110.3          88.9

  2002       I          161.1         152.5         94.7        141.9         r114.1          88.1
            II          164.4         155.2         94.4        145.0         r115.7          88.2
           III          167.6         156.5         93.4        146.0          115.9          87.1
            IV          170.6         156.3         91.7        147.3         r116.2          86.4

        ANNUAL          165.9         155.1         93.5        145.0          115.5          87.4

  2003       I          173.8         156.6         90.1        155.0          121.1          89.2
            II          175.9         155.9         88.6        157.6         r123.1          89.6
           III          182.4         158.9         87.1        160.1         r124.3          87.8
            IV          184.0         162.6         88.3        161.9         r125.4          88.0

        ANNUAL          179.0         158.5         88.5        158.6          123.4          88.6

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2001       I           -1.7          -9.0         -7.4          2.5           -1.3           4.2
            II            3.2          -6.9         -9.8         -1.3          r-4.1          -4.4
           III            2.6          -9.3        -11.6         -0.8          r-1.9          -3.4
            IV            7.9          -8.5        -15.2          7.2           r7.6          -0.7

        ANNUAL            1.3          -5.9         -7.2          1.6           -1.2           0.2

  2002       I           12.5           3.6         -7.9         12.1           10.5          -0.4
            II            8.4           7.2         -1.1          9.0           r5.8           0.5
           III            8.1           3.5         -4.2          2.9           r0.7          -4.8
            IV            7.2          -0.5         -7.2          3.7           r1.3          -3.3

        ANNUAL            8.2          -0.8         -8.3          6.4            4.7          -1.7

  2003       I            7.8           0.7         -6.6         22.4          r17.9          13.6
            II            5.0          -1.8         -6.5          6.9           r6.7           1.8
           III           15.4           8.0         -6.5          6.4           r3.9          -7.8
            IV            3.7           9.5          5.6          4.8           r3.6           1.0

        ANNUAL            7.9           2.2         -5.3          9.4            6.9           1.4

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2001       I            0.8          -2.5         -3.3          2.2           -1.2           1.3
            II            0.7          -5.4         -6.1          3.0          r-0.3           2.2
           III            1.4          -7.3         -8.6         -0.1           -2.7          -1.5
            IV            3.0          -8.4        -11.1          1.8            0.0          -1.1

        ANNUAL            1.3          -5.9         -7.2          1.6           -1.2           0.2

  2002       I            6.5          -5.4        -11.2          4.1            2.9          -2.2
            II            7.8          -2.0         -9.1          6.7            5.4          -1.0
           III            9.2           1.3         -7.3          7.7            6.1          -1.4
            IV            9.0           3.4         -5.1          6.8            4.5          -2.0

        ANNUAL            8.2          -0.8         -8.3          6.4            4.7          -1.7

  2003       I            7.9           2.7         -4.8          9.2           r6.2           1.3
            II            7.0           0.5         -6.1          8.7            6.4           1.6
           III            8.8           1.5         -6.7          9.6           r7.2           0.7
            IV            7.9           4.0         -3.6          9.9            7.9           1.9

        ANNUAL            7.9           2.2         -5.3          9.4            6.9           1.4

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                May 4, 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          119.7         108.7         90.8        139.2          113.3         116.3
            II          120.5         107.5         89.2        138.0         r111.6         114.5
           III          120.5         106.7         88.5        137.9         r111.2         114.5
            IV          123.5         106.5         86.2        139.3         r112.4         112.8

        ANNUAL          121.0         107.3         88.7        138.6          112.1         114.6

  2002       I          125.6         106.8         85.1        148.1         r119.1         117.9
            II          127.1         107.4         84.5        150.9         r120.4         118.7
           III          127.9         107.1         83.8        153.3          121.6         119.8
            IV          126.9         105.9         83.4        154.2         r121.7         121.5

        ANNUAL          126.9         106.8         84.2        151.6          120.7         119.5

  2003       I          128.9         105.8         82.1        158.1          123.5         122.7
            II          129.8         104.9         80.9        160.5         r125.4         123.7
           III          131.3         104.7         79.8        162.8         r126.4         124.0
            IV          132.1         105.4         79.8        163.8         r126.8         124.0

        ANNUAL          130.5         105.2         80.6        161.3          125.5         123.6

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  2001       I           -0.1          -5.2         -5.2          7.9            3.9           7.9
            II            2.9          -4.1         -6.8         -3.4          r-6.0          -6.1
           III           -0.1          -3.3         -3.2         -0.3          r-1.4          -0.2
            IV           10.4          -0.6        -10.0          4.1           r4.5          -5.7

        ANNUAL            2.3          -3.2         -5.4          4.0            1.2           1.7

  2002       I            6.9           1.3         -5.3         27.6          r25.9          19.4
            II            4.9           2.1         -2.7          7.7           r4.5           2.6
           III            2.5          -1.0         -3.4          6.5           r4.2           3.9
            IV           -3.0          -4.6         -1.7          2.5           r0.1           5.6

        ANNUAL            4.8          -0.5         -5.1          9.4            7.6           4.3

  2003       I            6.2          -0.2         -6.0         10.3           r6.2           3.9
            II            2.9          -3.2         -6.0          6.4           r6.2           3.3
           III            4.7          -0.8         -5.3          5.7           r3.2           1.0
            IV            2.5           2.6          0.1          2.5           r1.4          -0.1

        ANNUAL            2.9          -1.5         -4.2          6.4            4.0           3.4

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  2001       I            2.3          -2.2         -4.4          6.7            3.2           4.2
            II            2.0          -3.5         -5.4          5.1           r1.7           3.0
           III            2.5          -3.6         -5.9          3.1            0.5           0.6
            IV            3.2          -3.3         -6.3          2.0            0.2          -1.2

        ANNUAL            2.3          -3.2         -5.4          4.0            1.2           1.7

  2002       I            4.9          -1.7         -6.3          6.4            5.1           1.4
            II            5.5          -0.1         -5.3          9.3           r7.9           3.6
           III            6.2           0.4         -5.4         11.1            9.4           4.7
            IV            2.8          -0.6         -3.3         10.7           r8.2           7.7

        ANNUAL            4.8          -0.5         -5.1          9.4            7.6           4.3

  2003       I            2.6          -0.9         -3.5          6.7            3.7           4.0
            II            2.1          -2.3         -4.3          6.4            4.1           4.2
           III            2.7          -2.2         -4.8          6.2            3.9           3.4
            IV            4.1          -0.4         -4.3          6.2            4.2           2.0

        ANNUAL            2.9          -1.5         -4.2          6.4            4.0           3.4

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                May 4, 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    122.5    151.9     124.0    135.4     110.2     110.5    109.2    110.2     87.4    108.1
           II    123.4    151.1     122.4    136.7    r110.5     110.8    111.6    111.0     86.9    108.9
          III    123.6    149.4     120.8    137.8    r111.1     111.5    114.1    112.2     79.0    109.2
           IV    124.4    148.2     119.2    139.2    r112.3     111.9    115.7    113.0     75.5    109.6

       ANNUAL    123.5    150.2     121.6    137.3     111.0     111.2    112.6    111.6     82.2    108.9

  2002      I    125.9    149.3     118.5    140.1    r112.6     111.2    113.0    111.7     85.8    109.4
           II    127.9    151.3     118.4    141.9    r113.2     111.0    110.7    110.9     94.5    109.4
          III    129.1    152.2     117.9    142.7     113.3     110.6    110.0    110.5    100.3    109.5
           IV    130.1    153.0     117.6    143.2    r113.0     110.1    109.6    110.0    111.2    110.1

       ANNUAL    128.2    151.5     118.1    142.0     113.0     110.7    110.8    110.7     98.0    109.6

  2003      I    130.5    152.4     116.7    144.6     113.0     110.8    111.4    111.0    107.7    110.7
           II    132.9    154.5     116.2    147.1    r114.9     110.7    110.4    110.6    113.6    110.9
          III    135.2    157.1     116.2    148.9    r115.6     110.1    110.8    110.3    119.8    111.1
           IV    136.1    158.9     116.8    149.8    r116.0     110.1    110.7    110.2    124.6    111.5

       ANNUAL    133.7    155.7     116.5    147.6     114.9     110.4    110.8    110.5    116.5    111.0

  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  2001      I      1.3     -1.1      -2.4      3.3      -0.5       1.9     10.5      4.1    -34.1      0.6
           II      2.8     -2.2      -4.8      3.7      r0.9       0.9      9.2      3.1     -2.5      2.7
          III      0.8     -4.4      -5.1      3.4      r2.3       2.6      8.9      4.3    -31.8      1.3
           IV      2.5     -3.0      -5.4      4.2      r4.6       1.6      5.9      2.8    -16.3      1.4

       ANNUAL      1.6     -0.9      -2.5      4.0       1.2       2.4      8.1      3.9    -24.3      1.3

  2002      I      5.1      2.9      -2.1      2.4      r1.0      -2.6     -9.0     -4.4     66.8     -0.8
           II      6.2      5.6      -0.6      5.2      r2.1      -0.9     -7.9     -2.9     46.9      0.1
          III      3.8      2.3      -1.4      2.5      r0.2      -1.2     -2.4     -1.6     27.0      0.5
           IV      3.2      2.0      -1.1      1.2     r-1.1      -1.9     -1.6     -1.8     50.9      1.9

       ANNUAL      3.9      0.9      -2.9      3.4       1.8      -0.4     -1.6     -0.7     19.2      0.6

  2003      I      1.4     -1.6      -2.9      4.1      r0.2       2.6      6.5      3.7    -11.8      2.2
           II      7.4      5.6      -1.7      6.9      r6.7      -0.5     -3.2     -1.2     23.6      0.8
          III      7.3      7.1      -0.2      5.1      r2.6      -2.1      1.2     -1.2     23.7      0.9
           IV      2.5      4.7       2.1      2.4      r1.3      -0.1     -0.4     -0.2     17.0      1.4

       ANNUAL      4.3      2.8      -1.4      4.0       1.6      -0.3      0.0     -0.2     18.9      1.3

  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  2001      I      1.7      1.1      -0.6      4.4       1.0       2.6      7.2      3.8    -23.7      1.2
           II      1.9      0.0      -1.9      4.8      r1.4       2.8      7.8      4.1    -25.0      1.3
          III      1.4     -2.0      -3.3      3.7       1.0       2.3      8.8      4.0    -26.5      1.3
           IV      1.8     -2.7      -4.4      3.7       1.8       1.8      8.6      3.6    -22.2      1.5

       ANNUAL      1.6     -0.9      -2.5      4.0       1.2       2.4      8.1      3.9    -24.3      1.3

  2002      I      2.8     -1.7      -4.4      3.4       2.2       0.6      3.5      1.4     -1.9      1.2
           II      3.6      0.2      -3.3      3.8       2.5       0.2     -0.8     -0.1      8.7      0.5
          III      4.4      1.9      -2.4      3.6       2.0      -0.8     -3.5     -1.5     27.0      0.3
           IV      4.6      3.2      -1.3      2.8       0.6      -1.7     -5.3     -2.7     47.2      0.4

       ANNUAL      3.9      0.9      -2.9      3.4       1.8      -0.4     -1.6     -0.7     19.2      0.6

  2003      I      3.6      2.1      -1.5      3.2      r0.4      -0.4     -1.5     -0.7     25.5      1.2
           II      3.9      2.1      -1.8      3.7      r1.5      -0.3     -0.2     -0.3     20.2      1.3
          III      4.8      3.2      -1.5      4.3      r2.0      -0.5      0.7     -0.2     19.5      1.4
           IV      4.6      3.9      -0.7      4.6       2.7       0.0      0.9      0.2     12.1      1.3

       ANNUAL      4.3      2.8      -1.4      4.0       1.6      -0.3      0.0     -0.2     18.9      1.3

  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        May 4, 2006
  r=revised                                                               Source: Bureau of Labor Statistics