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                           PRODUCTIVITY AND COSTS
                             Third Quarter 2001
                                      
   The Bureau of Labor Statistics of the U.S. Department of Labor today
reported revised productivity data--as measured by output per hour of all
persons--for the third quarter of 2001.  The seasonally adjusted annual rates
of productivity growth in the third quarter were:

               1.1 percent in the business sector, and
               1.5 percent in the nonfarm business sector.

In both sectors, the downward revisions to productivity were due to declines
in output that were larger than originally reported and smaller declines in
labor hours.

   In manufacturing, revised productivity increases in the third quarter
were:

               2.5 percent in manufacturing,
               1.8 percent in durable goods manufacturing, and
               2.6 percent in nondurable goods manufacturing.

   Manufacturing productivity rose faster than reported on November 7.  Both
output and hours show smaller declines than originally reported, but the
revision to output was greater than that to hours.  Output and hours in
manufacturing, which includes about 16 percent of U.S. business sector
employment, tend to vary more from quarter to quarter than data for the more
aggregate business and nonfarm business sectors.  Third-quarter measures are
summarized in table A and appear in detail in tables 1 through 5.

    The data sources and methods used in the preparation of the
manufacturing series differ from those used in preparing the business and
nonfarm business series, and these measures are not directly comparable.
Output measures for business and nonfarm business are based on measures of
gross domestic product prepared by the Bureau of Economic Analysis of the
U.S. Department of Commerce.  Quarterly output measures for manufacturing
reflect indexes of industrial production independently prepared by the Board
of Governors of the Federal Reserve System.  See Technical Notes for further
information on data sources.

-----------------------------------------------------------------------------
The  productivity  and  costs  measures in  this  release  incorporate  three
separate  revisions.  (1) Measures of hours have been adjusted to incorporate
the  results  of  the  2000  Hours at Work Survey  for  all  private  nonfarm
employees.   (2)  Output measures for the manufacturing  sector  now  include
information released by the Board of Governors of the Federal Reserve  System
on  Nov.  27.   (3)  Price  indexes used to  calculate  the  real  output  of
nonfinancial  corporations were revised beginning with the first  quarter  of
1998.
-----------------------------------------------------------------------------

---------------------------------------------------------------------------
Table A. Productivity and costs: Revised third-quarter 2001 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           1.1       -1.9      -2.9     3.5       2.8       2.4
Nonfarm business   1.5       -2.0      -3.4     3.8       3.1       2.3
Manufacturing      2.5       -5.0      -7.4     3.6       2.9       1.1
  Durable          1.8       -7.7      -9.4     4.4       3.7       2.5
  Nondurable       2.6       -1.7      -4.2     2.8       2.1       0.2
---------------------------------------------------------------------------
                      Percent change from same quarter a year ago

Business           1.5        0.1      -1.4     5.8       3.0       4.2
Nonfarm business   1.5        0.2      -1.3     5.6       2.8       4.1
Manufacturing      0.5       -5.6      -6.0     7.0       4.2       6.5
  Durable         -0.3       -7.2      -6.9     7.7       4.9       8.1
  Nondurable       1.2       -3.5      -4.7     6.1       3.3       4.8
---------------------------------------------------------------------------

Business

     From   second  quarter  to  third  quarter  of  2001,  business   sector
productivity  rose at an annual rate of 1.1 percent, as output decreased  1.9
percent  and hours of all persons engaged in the sector decreased 2.9 percent
(table 1).  The declines in both output and hours were the largest since  the
first  quarter of 1991, when output decreased 3.2 percent and hours fell  4.6
percent. Productivity had increased 2.2 percent during the second quarter  of
2001,  as  output  declined 0.7 percent and hours at work  fell  2.8  percent
(seasonally adjusted annual rates).

    Hourly  compensation increased 3.5 percent during the  third  quarter  of
2001, the smallest increase in this measure since the second quarter of 1997,
when  it  rose 1.4 percent. Hourly compensation includes wages and  salaries,
supplements,  employer contributions to employee benefit  plans,  and  taxes.
Real  hourly  compensation,  which takes into  account  changes  in  consumer
prices, rose 2.8 percent in the third quarter of 2001.

   Unit  labor  costs increased at an annual rate of 2.4 percent  during  the
third  quarter of 2001.  The implicit price deflator for the business sector,
which  reflects  changes  both  in unit labor  costs  and  in  unit  nonlabor
payments,  increased  at a 1.8 percent annual rate in the  third  quarter  of
2001, after rising 1.7 percent in the previous quarter.


Nonfarm business

    Output  per hour of all persons in the nonfarm business sector  increased
1.5 percent during the third quarter of 2001, after rising 2.1 percent in the
second  quarter  (table 2).  Output decreased 2.0 percent and  hours  of  all
persons  fell  3.4 percent in the third quarter of 2001.  As in the  business
sector,  these were the largest declines in output and hours since the  first
quarter  of  1991,  when  output decreased 3.2 percent  and  hours  fell  4.8
percent.

    Hourly  compensation  grew at a 3.8 percent  annual  rate  in  the  third
quarter of 2001, after increasing 4.7 percent in the previous quarter.   When
the  rise  in consumer prices is taken into account, real hourly compensation
rose at a 3.1 percent annual rate in the third quarter of 2001.

   Unit  labor costs rose 2.3 percent in the third quarter of 2001, following
a  2.6 percent increase one quarter earlier.  The implicit price deflator for
nonfarm  business rose 1.5 percent in both the second and third  quarters  of
2001.


Manufacturing

    Productivity increased 2.5 percent in manufacturing in the third  quarter
of  2001,  as output declined 5.0 percent and hours of all persons  fell  7.4
percent  (seasonally  adjusted annual rates).  In durable  goods  industries,
productivity  grew  1.8  percent in the third quarter  as  output  and  hours
dropped  7.7  and  9.4  percent,  respectively.   In  the  nondurable   goods
industries,  third-quarter productivity rose 2.6 percent as  output  declined
1.7 percent and hours fell further, 4.2 percent (tables 3, 4, and 5).

    Hourly compensation of all manufacturing workers rose 3.6 percent  during
the  third  quarter of 2001 (seasonally adjusted annual rates).   In  durable
goods  manufacturing, hourly compensation rose 4.4 percent during  the  third
quarter.   The  increase in nondurable goods manufacturing was  2.8  percent.
When  the  increase  in  consumer prices is taken into account,  real  hourly
compensation  for  all manufacturing workers rose 2.9 percent  in  the  third
quarter.

    Unit  labor costs in manufacturing rose 1.1 percent in the third  quarter
of  2001,  down sharply from the 6.7-percent increase of the second  quarter.
Unit labor costs rose 2.5 percent in durable goods manufacturing in the third
quarter.   In  nondurable  goods manufacturing, unit  labor  costs  rose  0.2
percent.


Nonfinancial Corporations

   Third-quarter  2001 measures of productivity and costs also were  released
for nonfinancial corporations (tables B and 6).  Output per all-employee hour
grew  at  a 2.4 percent annual rate, compared with a 3.3 percent increase  in
the  previous quarter.  Output decreased 1.3 percent in the third quarter  of
2001,  and  hours of all employees declined 3.6 percent (seasonally  adjusted
annual   rates).    BLS   adjusted  third-quarter  output   of   nonfinancial
corporations  to  reflect  insurance benefits related  to  the  September  11
tragedies.   An adjustment to nonfinancial corporate output will be  made  by
the  Bureau  of Economic Analysis, U.S. Department of Commerce, in  its  next
estimate,  but  this  adjustment  will  not  affect  GDP.   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: Third-quarter 2001 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

2001 III   2.4     -1.3    -3.6    4.9     4.2     2.5    -25.7     1.5
--------------------------------------------------------------------------
                 Percent change from same quarter a year ago

2001 III   1.7      0.1    -1.5    6.5     3.7     4.7    -26.6     1.8
--------------------------------------------------------------------------   
   
                                 
   Hourly  compensation for nonfinancial corporations increased  4.9  percent
in  the  third quarter; it rose 6.1 percent in the second quarter.  When  the
rise  in  consumer  prices  is taken into account, real  hourly  compensation
increased  4.2  percent in the third quarter and 2.9 percent  in  the  second
quarter.

   Unit  labor  costs  for  the sector increased 2.5  percent  in  the  third
quarter.  Unit nonlabor costs increased 9.2 percent in the third quarter--the
largest  increase  since  the first quarter of  1994,  when  they  rose  11.9
percent.  Unit profits fell 25.7 percent in the third quarter of 2001,  after
dropping 12.6 percent in the second quarter.  The implicit price deflator for
the output of nonfinancial corporations rose 1.5 percent in the third quarter
of  2001.   In  the  previous quarter, the implicit price deflator  rose  2.3
percent.

Adjustments

    The terrorist attacks of September 11 resulted in significant disruptions
in  the  New  York and Washington area economies, as well as  disruptions  to
businesses  outside  these directly impacted areas.  The Bureau  of  Economic
Analysis  (BEA),  U.S.  Department of Commerce, reported  that  most  of  the
effects  of  this  disaster are reflected in the usual source  data  used  to
construct  the  national income and product accounts--the data that  underlie
the  output measures for the business and nonfarm business sectors.  BEA made
adjustments  to  wages  of  employees because the regular  source  of  data--
employment,  hours, and earnings from the Bureau of Labor Statistics  monthly
employment survey--covered the mid-month pay period and did not fully reflect
the changes to labor markets following the September attacks.  Therefore,  as
reported  on  Nov. 7, BLS adjusted the change in hours of business  employees
downward  by  0.3 percentage point to reflect these compensation adjustments.
It  is not possible to separately identify the impacts of the attacks on  the
productivity and cost measures.


Revised Measures

    Current  and  previous measures for the third quarter  of  2001  for  the
business, nonfarm business, and manufacturing sectors are compared  in  table
C.   In  the business and nonfarm business sectors, increases in productivity
and  output  are  smaller  than  those reported  on  Nov.  7,  based  on  the
information  available  at that time.  Unit labor  cost  measures  for  these
sectors are correspondingly higher.

----------------------------------------------------------------------
Table C. 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
----------------------------------------------------------------------                                                               
                             Third quarter 2001
Business:                                                      
  Previous          2.2      -1.0     -3.1    4.1      3.4       1.9
  Current           1.1      -1.9     -2.9    3.5      2.8       2.4
----------------------------------------------------------------------
Nonfarm business:                                              
  Previous          2.7      -1.0     -3.6    4.5      3.8       1.8
  Current           1.5      -2.0     -3.4    3.8      3.1       2.3
----------------------------------------------------------------------
Manufacturing:                                                 
  Previous          1.1      -6.7     -7.7    5.1      4.4       4.0
  Current           2.5      -5.0     -7.4    3.6      2.9       1.1
----------------------------------------------------------------------


    Productivity and cost measures were revised to reflect the results of the
2000  Hours at Work Survey, which are now available.  This survey is used  to
adjust  the number of hours for which private nonfarm employees are paid  (as
reported  in  the BLS Current Employment Survey) to hours at  the  workplace.
For  2000,  these new results show that hours of all persons were lower  than
originally had been reported.  In the nonfarm business sector, hours  of  all
persons  grew  1.1  percent in 2000 rather than 1.5  percent,  as  previously
reported.   This difference in the ratio of hours at work to hours paid  also
occurred  in  the  manufacturing sector, where  hours  of  all  persons  fell
1.4 percent, rather than decreasing 0.9 percent, as previously reported.

    In manufacturing, rates of growth in productivity were revised upward  in
the  third  quarter.  Unit labor costs were revised down,  due  both  to  the
output  revision and a downward revision in hourly compensation  (tables  3-5
and  appendix  tables 3-5).  The quarterly measures of productivity,  output,
and  unit labor costs for manufacturing were revised back to 1992 due to  the
incorporation of revised indexes of industrial production.  The bulk  of  the
revision  began  in 1999.  The annual measures for 2000 also  were  affected.
These  indexes,  published by the Board of Governors of the  Federal  Reserve
System,  were changed to incorporate additional and revised source  data  and
updated  information  on seasonal trends.  (See Federal  Reserve  Statistical
Release  G.17, "Industrial production and capacity utilization: a  revision,"
Nov. 27, 2001.)

    On Nov. 30, the Bureau of Economic Analysis, U.S. Department of Commerce,
revised  the  price  indexes used to calculate real  output  of  nonfinancial
corporations  back  to  the first quarter of 1998.  Appendix  table  6  shows
revised 1998 measures for output, productivity, and unit costs.


                              NEXT RELEASE DATE
                                      
   The next release of Productivity and Costs is scheduled for 8:30 AM EST,
Wednesday, February 6, 2002.  Preliminary fourth-quarter and annual 2001
measures will be released at that time.

   Scheduled release dates for productivity and costs measures for major
sectors of the U.S. economy in 2002 are:

     --------------------------------------------------------------     
     Reference period                    2002 release date
     --------------------------------------------------------------     
     2001:                         
     Fourth quarter, Annual              February 6
     Fourth quarter, Annual <revised>    March 7
     
     2002:                         
     First quarter                       May 7
     First quarter (revised)             May 31

     Second quarter                      August 9
     Second quarter (revised)            September 5

     Third quarter                       November 7
     Third quarter (revised)             December 4
     --------------------------------------------------------------

   These dates are based on presently available schedules for the release of
underlying source data in 2002.  Each issue of Productivity and Costs
contains a "Next release date" paragraph that readers should use to confirm
the dates above.

                                      

                                      
                               TECHNICAL NOTES

Labor Hours: Hours data for the labor productivity and cost measures include
hours for all persons working in the sector-wage and salary workers, the self-
employed, and unpaid family workers.  The primary source of hours and
employment data is the BLS Current Employment Statistics (CES) program, which
provides monthly survey data on the number of jobs held by wage and salary
workers in nonfarm establishments.  The CES also provides average weekly paid
hours of production and nonsupervisory workers in these establishments.
Average weekly paid hours of nonproduction and supervisory workers are
estimated by the Office of Productivity and Technology.  Weekly paid hours
are adjusted to hours at work using the BLS Hours at Work survey, conducted
for this purpose.
     Data from the BLS Current Population Survey (CPS) are used for farm
labor; in the nonfarm sector, the National Income and Product Accounts (NIPA)
prepared by the Bureau of Economic Analysis (BEA) of the Department of Com
merce and the CPS are used to measure labor input for government enterprises,
proprietors, and unpaid family workers.

Output: Business sector output is an annual-weighted index constructed after
excluding from gross domestic product (GDP) the following outputs: General
government, nonprofit institutions, paid employees of private households, and
the rental value of owner-occupied dwellings. Corresponding exclusions also
are made in labor inputs. Business output accounted for about 77 percent of
the value of GDP in 1996. Nonfarm business, which also excludes farming,
accounted for about 76 percent of GDP in 1996.
     Annual indexes for manufacturing and its durable and nondurable goods
components are constructed by deflating current-dollar industry value of
production data from the U.S. Bureau of the Census with deflators from the
BEA.  These deflators are based on data from the BLS producer price program
and other sources.  The industry shipments are aggregated using annual
weights, and intrasector transactions are removed.  Quarterly manufacturing
output measures are based on the index of industrial production prepared
monthly by the Board of Governors of the Federal Reserve System adjusted to
be consistent with annual indexes of manufacturing sector output prepared by
BLS.  Durables include the following 2-digit SIC industries: Primary metal
industries; fabricated metal products; nonelectrical machinery; industrial
and commercial machinery and computer equipment; electronic and other
electrical equipment; transportation equipment; instruments; lumber and
lumber products; furniture and fixtures; stone, clay, and glass and concrete
products; and miscellaneous manufactures. Nondurables include: Food and
kindred products, tobacco products, textile mill products, apparel products,
paper and allied products, printing and publishing, chemicals and chemical
products, petroleum refining and related industries, rubber and plastic
products, and leather and leather products.
     Nonfinancial corporate output is an annual-weighted index constructed by
excluding from GDP the following outputs: General government; nonprofit
institutions; employees of private households; the rental value of owner-oc
cupied dwellings; unincorporated business; and those corporations which are
depository institutions, nondepository institutions, security and commodity
brokers, insurance carriers, regulated investment offices, small business
investment offices, and real estate investment trusts. Nonfinancial
corporations accounted for about 53 percent of the value of GDP in 1996.

Productivity: These productivity measures describe the relationship between
real output and the labor time involved in its production. They show the
changes from period to period in the amount of goods and services produced
per hour. Although these measures relate output to hours at work of all
persons engaged in a sector, they do not measure the specific contribution of
labor, capital, or any other factor of production. Rather, they reflect the
joint effects of many influences, including changes in technology; capital
investment; level of output; utilization of capacity, energy, and materials;
the organization of production; managerial skill; and the characteristics and
effort of the work force.

     Information in this release will be made available to sensory-impaired
individuals upon request. Voice phone: 202-691-5200; Federal Relay Service
number: 1-800-877-8339.


  Table 1. Business sector: Productivity, hourly compensation, unit labor costs,
  and prices, seasonally adjusted
                                                             Real
     Year       Output per             Hours     Compensa-   compensa-   Unit     Unit non-   Implicit
     and        hour of                of all    tion per    tion per    labor    labor pay-  price
     quarter    all persons  Output    persons   hour (1)    hour (2)    costs    ments (3)   deflator (4)
  ---------------------------------------------------------------------------------------------------------
                                           Indexes 1992=100

  1999       I    r112.7      132.4     117.4    r123.1       106.6      109.2       114.5      111.2
            II    r112.4      132.9     118.2    r124.4      r106.9      110.7       112.6      111.4
           III     113.3      134.6     118.8     126.1       107.5      111.3       112.3      111.7
            IV    r115.3      137.8    r119.5    r127.3      r107.7      110.4       114.8      112.0

        ANNUAL     113.4      134.4     118.5     125.2       107.3      110.4       113.6      111.6

  2000       I    r115.3      138.6    r120.2    r129.3      r108.4     r112.2       114.2      112.9
            II    r117.5      140.8    r119.8    r132.1      r110.0      112.5      r115.1      113.5
           III    r117.8      141.2    r119.9    r134.3      r110.8      114.0      r113.8      113.9
            IV    r118.7      141.9    r119.5    r137.4      r112.5     r115.8      r112.0      114.4

        ANNUAL    r117.3      140.6    r119.8    r133.3      r110.5      113.6      r113.8      113.7

  2001       I    r118.6      142.3    r119.9    r139.1      r112.8     r117.3      r111.7      115.2
            II    r119.3      142.1    r119.1    r140.9      r113.4      118.1      r111.5      115.7
           III    r119.6     r141.4    r118.2    r142.1      r114.2     r118.8      r111.7      116.2
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1999       I      r3.0        3.5      r0.5      r4.5        r2.9        1.5         0.9        1.3
            II      -1.1        1.6       2.7      r4.3         1.4        5.4       r-6.4        0.8
           III      r3.1        5.1      r1.9      r5.3        r2.3       r2.2       r-1.2        0.9
            IV      r7.4        9.9      r2.3      r4.0        r0.7       -3.2        r9.0        1.2

        ANNUAL       2.5        4.6       2.0       4.6         2.4        2.0        -0.8        0.9

  2000       I     r-0.1        2.2      r2.3      r6.5        r2.4       r6.6       r-2.1        3.2
            II      r7.7        6.5     r-1.1      r9.0        r5.9       r1.3        r3.5        2.1
           III      r1.2        1.3      r0.1      r6.8        r3.1        5.5        -4.5        1.7
            IV       3.0        1.8      -1.1      r9.5        r6.4        6.3        -6.1        1.6

        ANNUAL      r3.4        4.6      r1.1      r6.4        r3.0        2.9        r0.2        1.9

  2001       I     r-0.2        1.2      r1.4      r5.1        r0.9        5.3        -1.3        2.9
            II      r2.2       -0.7     r-2.8      r5.2        r2.1        3.0       r-0.6        1.7
           III      r1.1      r-1.9     r-2.9      r3.5        r2.8       r2.4        r0.7       r1.8
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1999       I      r2.5        4.5       1.9      r4.7        r3.1        2.2        -1.4        0.8
            II      r2.2        4.4       2.1      r4.4         2.5        2.2        -1.2        0.9
           III       2.3        4.6       2.2      r4.6         2.2        2.2        -1.2        0.9
            IV      r3.0        5.0      r1.9      r4.5        r1.8        1.4         0.5        1.1

        ANNUAL       2.5        4.6       2.0       4.6         2.4        2.0        -0.8        0.9

  2000       I      r2.3        4.7      r2.3      r5.0        r1.7       r2.7        -0.3        1.5
            II      r4.5        5.9      r1.4      r6.2        r2.8        1.6        r2.2        1.9
           III      r4.0        4.9      r0.9      r6.6        r3.0       r2.5        r1.3        2.1
            IV      r2.9        3.0      r0.0      r7.9        r4.4       r4.9       r-2.4        2.1

        ANNUAL      r3.4        4.6      r1.1      r6.4        r3.0        2.9        r0.2        1.9

  2001       I      r2.9        2.7     r-0.2      r7.6        r4.1        4.6       r-2.2        2.1
            II       1.6        0.9      -0.6       6.6         3.1        5.0        -3.2        2.0
           III      r1.5       r0.1     r-1.4      r5.8        r3.0       r4.2       r-1.9        2.0
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       December 6, 2001
  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

  1999       I     112.2      132.8     118.3    r122.2      r105.8      109.0       116.0      111.5
            II    r111.8      133.2    r119.2    r123.5      r106.1      110.5       114.2      111.8
           III     112.7      134.9    r119.7     125.1       106.8      111.1       114.0      112.1
            IV    r114.8      138.1    r120.3    r126.6      r107.1      110.2       116.5      112.5

        ANNUAL     112.9      134.8     119.4     124.4       106.5      110.2       115.2      112.0

  2000       I    r114.8      138.8    r120.9    r128.7      r107.9      112.1      r115.9      113.5
            II    r116.7      141.0    r120.8    r131.2      r109.2     r112.5       116.7      114.0
           III    r117.2      141.4    r120.7    r133.6      r110.2      114.0      r115.3      114.5
            IV    r117.8      142.1    r120.6    r136.5      r111.8      115.8      r113.4      114.9

        ANNUAL    r116.6      140.8    r120.8    r132.5      r109.8      113.6      r115.3      114.2

  2001       I    r117.8      142.5    r121.0    r138.1      r112.0      117.2       113.1      115.7
            II    r118.4      142.4    r120.2    r139.7      r112.4     r118.0      r112.9      116.1
           III    r118.9     r141.7    r119.2    r141.0      r113.3     r118.7      r112.9      116.6
  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1999       I      r2.3        3.5      r1.1      r3.6        r2.0        1.3         1.9        1.5
            II     r-1.3        1.4       2.8       4.2        r1.4        5.6        -5.9        1.2
           III      r3.2        5.3      r2.0      r5.5        r2.4       r2.2       r-0.9        1.0
            IV      r7.8        9.8      r1.9      r4.7        r1.4       -2.9        r9.0        1.4

        ANNUAL       2.3        4.6       2.2       4.4         2.2        2.0        -0.4        1.1

  2000       I      r0.0        2.0      r2.0      r6.9        r2.8       r6.9       r-1.8        3.5
            II      r6.7        6.5     r-0.2      r8.1        r5.0       r1.3        r2.5        1.7
           III      r1.6        1.2     r-0.5      r7.4        r3.7       r5.7        -4.4        1.8
            IV       2.3        1.8      -0.5       8.9         5.8        6.4        -6.6        1.5

        ANNUAL      r3.3        4.5      r1.1      r6.5        r3.1        3.1        r0.1        2.0

  2001       I     r-0.1        1.4      r1.4      r4.9        r0.7        5.0        -1.2        2.7
            II      r2.1       -0.4     r-2.4      r4.7        r1.6        2.6        -0.5        1.5
           III      r1.5      r-2.0     r-3.4      r3.8        r3.1       r2.3        r0.1        1.5
  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1999       I      r2.3        4.5       2.1      r4.5        r2.9        2.1        -1.1        0.9
            II       1.9        4.3       2.4       4.2        r2.2        2.3        -0.9        1.1
           III       2.1        4.6       2.4       4.3         1.9        2.1        -0.8        1.0
            IV      r2.9        4.9      r1.9      r4.5        r1.8        1.5         0.9        1.3

        ANNUAL       2.3        4.6       2.2       4.4         2.2        2.0        -0.4        1.1

  2000       I      r2.4        4.6      r2.2      r5.3        r2.0        2.9         0.0        1.8
            II      r4.4        5.9      r1.4      r6.3        r2.9        1.8        r2.1        1.9
           III      r4.0        4.8      r0.8      r6.7        r3.2       r2.7        r1.2        2.1
            IV      r2.6        2.8      r0.2      r7.8        r4.3        5.0        -2.6        2.2

        ANNUAL      r3.3        4.5      r1.1      r6.5        r3.1        3.1        r0.1        2.0

  2001       I      r2.6        2.7      r0.1      r7.3        r3.8        4.6        -2.5        2.0
            II       1.5        1.0      -0.5       6.5         2.9        4.9        -3.2        1.9
           III      r1.5       r0.2     r-1.3      r5.6        r2.8       r4.1       r-2.1        1.8
  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       December 6, 2001
  r=revised                                                              Source: Bureau of Labor Statistics



  Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
  seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1999       I           r127.6       r133.1        104.3       r119.8          103.7         r93.9
            II           r128.3       r134.2        104.5       r121.2          104.2          94.4
           III           r129.6       r135.6       r104.6        123.0          104.9         r94.9
            IV            132.7       r137.8       r103.8       r124.5         r105.4         r93.8

        ANNUAL            129.6        135.2        104.3        122.1          104.6          94.3

  2000       I            135.2       r139.9       r103.5       r126.3         r105.9         r93.4
            II           r137.2       r142.3       r103.8       r128.6         r107.0         r93.8
           III           r138.3       r142.5       r103.0       r131.9         r108.8         r95.4
            IV           r139.2       r141.1       r101.3       r135.9         r111.3         r97.6

        ANNUAL           r137.5       r141.5       r102.9       r130.7         r108.3         r95.1

  2001       I           r138.3       r138.5       r100.1       r137.9         r111.8         r99.7
            II           r138.1       r136.3        r98.7       r140.0         r112.6        r101.3
           III           r139.0       r134.5        r96.8       r141.2         r113.4        r101.6
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1999       I             r5.6         r3.2        r-2.3         r2.4           r0.9         r-3.0
            II             r2.4         r3.1         r0.7          4.8            1.9          r2.4
           III             r3.9         r4.4         r0.4         r6.0           r2.9          r2.0
            IV            r10.1         r6.7        r-3.1         r5.2           r1.9         r-4.5

        ANNUAL              4.5          3.7         -0.8          4.0            1.9          -0.5

  2000       I              7.6         r6.3        r-1.2         r5.9           r1.8         r-1.6
            II             r6.1         r7.1         r0.9         r7.5           r4.5          r1.4
           III             r3.3         r0.4        r-2.8        r10.6           r6.8          r7.1
            IV             r2.8        r-4.0        r-6.6        r12.7           r9.5          r9.7

        ANNUAL             r6.1         r4.6        r-1.4         r7.0           r3.5          r0.9

  2001       I            r-2.7        r-7.1        r-4.5         r6.0           r1.7          r8.9
            II            r-0.5        r-6.2        r-5.7         r6.1           r2.9          r6.7
           III             r2.5        r-5.0        r-7.4         r3.6           r2.9          r1.1
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1999       I             r4.7         r3.2        r-1.4         r3.8           r2.2         r-0.9
            II              4.3          3.3        r-0.9         r3.5           r1.6          -0.7
           III              3.7          3.8          0.1         r4.1            1.7          r0.4
            IV              5.5         r4.3        r-1.1         r4.6           r1.9         r-0.8

        ANNUAL              4.5          3.7         -0.8          4.0            1.9          -0.5

  2000       I             r6.0         r5.1        r-0.8         r5.5           r2.1         r-0.5
            II              6.9         r6.1        r-0.7         r6.1           r2.8         r-0.7
           III             r6.7         r5.1        r-1.5         r7.3           r3.7          r0.5
            IV             r4.9         r2.3        r-2.4         r9.1           r5.6          r4.0

        ANNUAL             r6.1         r4.6        r-1.4         r7.0           r3.5          r0.9

  2001       I             r2.3        r-1.0        r-3.3         r9.2           r5.6          r6.7
            II             r0.7        r-4.3         -4.9          8.8            5.2          r8.1
           III             r0.5        r-5.6        r-6.0         r7.0           r4.2           6.5
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                December 6, 2001
  r=revised                                                       Source: Bureau of Labor Statistics



  Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
  seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1999       I           r140.7       r154.5       r109.8       r117.6         r101.8         r83.6
            II           r142.1       r156.1       r109.9       r119.3          102.6          84.0
           III           r143.9       r159.4        110.7        121.1          103.3          84.1
            IV           r147.3       r161.8       r109.8       r122.7         r103.9         r83.3

        ANNUAL            143.5        157.9        110.1        120.2          103.0          83.8

  2000       I            152.0       r166.7       r109.7       r124.4         r104.3         r81.8
            II           r155.0       r171.0       r110.3       r126.7         r105.4         r81.7
           III           r156.4       r171.6       r109.7       r130.1         r107.3         r83.2
            IV           r156.9       r169.5       r108.0       r134.6         r110.2         r85.7

        ANNUAL           r155.1       r169.7       r109.4       r128.9         r106.9         r83.1

  2001       I           r155.2       r165.2       r106.5       r136.6         r110.7         r88.0
            II           r155.2       r162.5       r104.7       r138.7         r111.6         r89.3
           III           r155.9       r159.2       r102.1       r140.2         r112.6         r89.9
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1999       I             r8.3         r4.0        r-4.0         r3.8           r2.2         r-4.1
            II             r4.0         r4.4         r0.3         r5.9            2.9          r1.7
           III              5.2         r8.5         r3.1         r6.1           r3.0          r0.8
            IV             r9.7         r6.2        r-3.2         r5.5           r2.2         r-3.8

        ANNUAL              6.9          6.1         -0.8          4.7            2.5          -2.1

  2000       I            r13.5        r12.8        r-0.6         r5.6           r1.5         r-7.0
            II             r8.2        r10.7         r2.3         r7.7           r4.6         r-0.5
           III             r3.7         r1.4        r-2.2        r11.2           r7.4          r7.3
            IV             r1.3        r-4.8         -6.0         14.3          r11.1         r12.9

        ANNUAL             r8.1         r7.4        r-0.6         r7.3           r3.8         r-0.8

  2001       I            r-4.3        r-9.7        r-5.6         r6.1           r1.9          10.9
            II             r0.0        r-6.5        r-6.6         r6.3           r3.1          r6.2
           III             r1.8         -7.7        r-9.4         r4.4           r3.7          r2.5
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1999       I             r7.6         r6.0        r-1.5         r4.2           r2.6         r-3.2
            II              7.3          6.1        r-1.0         r4.3           r2.3          -2.8
           III             r6.1         r6.6          0.5          4.9            2.6         r-1.1
            IV             r6.8         r5.7        r-1.0         r5.3           r2.6         r-1.4

        ANNUAL              6.9          6.1         -0.8          4.7            2.5          -2.1

  2000       I             r8.0         r7.9        r-0.1         r5.7           r2.4         r-2.1
            II             r9.1         r9.5         r0.4         r6.2           r2.8         r-2.7
           III             r8.7         r7.7        r-0.9         r7.5           r3.9         r-1.1
            IV             r6.5         r4.8        r-1.7         r9.6           r6.1          r2.9

        ANNUAL             r8.1         r7.4        r-0.6         r7.3           r3.8         r-0.8

  2001       I             r2.1        r-0.9        r-2.9         r9.8           r6.2          r7.5
            II             r0.1        r-5.0         -5.1          9.4            5.8          r9.3
           III            r-0.3        r-7.2        r-6.9         r7.7           r4.9          r8.1
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                December 6, 2001
  r=revised                                                       Source: Bureau of Labor Statistics



  Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
  seasonally adjusted
                                                                              Real
       Year           Output per                  Hours       Compensa-       compensa-      Unit 
       and            hour of                     of all      tion per        tion per       labor
       quarter        all persons     Output      persons     hour (1)        hour (2)       costs
  --------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1999       I            116.6       r113.2        r97.1       r122.0         r105.6        r104.7
            II            116.6       r113.6        r97.4       r123.0         r105.7         105.5
           III           r117.4       r113.4         96.6       r124.6          106.3        r106.1
            IV           r120.5       r115.4        r95.8       r126.0         r106.6        r104.6

        ANNUAL            117.8        113.9         96.7        123.9          106.1         105.2

  2000       I           r120.6       r115.0        r95.3       r127.9         r107.2        r106.1
            II           r121.7       r115.7        r95.1       r130.1         r108.3        r106.9
           III           r122.6       r115.4        r94.2       r133.1         r109.8        r108.6
            IV           r124.0       r114.6        r92.4       r136.2         r111.5        r109.8

        ANNUAL           r122.2        115.2        r94.2       r131.8         r109.2         107.8

  2001       I           r123.8       r113.5        r91.7       r138.2         r112.0        r111.7
            II           r123.3       r111.8        r90.7       r140.2         r112.8        r113.7
           III           r124.1       r111.3        r89.7        141.2          113.4        r113.8
  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1999       I             r1.8         r2.2         r0.4         r0.5          r-1.1         r-1.3
            II              0.2         r1.4          1.3         r3.2            0.3          r3.0
           III             r2.9        r-0.6        r-3.4         r5.2           r2.2          r2.3
            IV            r10.7         r7.4        r-3.0         r4.8           r1.5         r-5.3

        ANNUAL              1.6          0.7         -0.9          2.8            0.7           1.2

  2000       I             r0.5        r-1.6        r-2.1         r6.3           r2.2          r5.7
            II             r3.6         r2.5        r-1.1         r6.9           r3.9          r3.2
           III             r2.9        r-0.9        r-3.7         r9.4           r5.7          r6.3
            IV             r4.8        r-2.9        r-7.4         r9.7           r6.6          r4.7

        ANNUAL             r3.8         r1.1        r-2.6         r6.4           r2.9          r2.5

  2001       I            r-0.9        r-3.7        r-2.8         r5.9           r1.7          r6.9
            II            r-1.6        r-5.9        r-4.4         r5.9           r2.8          r7.6
           III             r2.6        r-1.7        r-4.2         r2.8           r2.1          r0.2
  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1999       I             r1.2        r-0.1        r-1.4         r3.1           r1.5          r1.8
            II             r0.6          0.0        r-0.6         r2.3           r0.4           1.7
           III             r0.8         r0.3         -0.5          2.5            0.2          r1.6
            IV             r3.8         r2.6        r-1.2         r3.4           r0.7         r-0.4

        ANNUAL              1.6          0.7         -0.9          2.8            0.7           1.2

  2000       I              3.5         r1.6        r-1.8         r4.9           r1.5          r1.3
            II             r4.4         r1.9        r-2.4         r5.8           r2.4          r1.4
           III             r4.4         r1.8        r-2.5         r6.8           r3.3          r2.4
            IV             r3.0        r-0.7        r-3.6         r8.1           r4.6           5.0

        ANNUAL             r3.8         r1.1        r-2.6         r6.4           r2.9          r2.5

  2001       I             r2.6        r-1.3        r-3.8         r8.0           r4.5          r5.3
            II             r1.3        r-3.3         -4.6          7.7            4.2          r6.4
           III             r1.2        r-3.5        r-4.7         r6.1           r3.3          r4.8
  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                December 6, 2001
  r=revised                                                       Source: Bureau of Labor Statistics



Table 6. Nonfinancial corporations: Productivity, hourly compensation, unit labor costs, unit profits,
  and prices, seasonally adjusted
 
                Output                      Hourly    Real                Unit     Total    Unit   Implicit
      Year      per all-                    compen-   hourly     Unit     non-     unit     pro-   price
      and       employee          Employee  sation    compen-    labor    labor    costs    fits   deflator
      quarter   hour      Output  hours      (1)      sation(2)  costs    costs(6) (7)      (8)      (4)
  ----------------------------------------------------------------------------------------------------------
                                             Indexes 1992=100

  1999       I   r114.5   r139.5    r121.9   r119.1    r103.1    r104.1   r102.8   r103.7   r141.6   r106.9
            II   r114.7   r140.8    r122.7    120.4     103.5    r104.9   r103.4   r104.5   r135.4   r107.1
           III   r115.4   r142.5     123.4    121.9     104.0    r105.6   r105.0   r105.4   r128.0   r107.4
            IV   r116.4   r144.8    r124.3   r123.2    r104.2    r105.8   r105.1   r105.6   r131.3   r107.8

        ANNUAL   r115.3   r141.9     123.1    121.2     103.8    r105.1   r104.1   r104.8   r134.0   r107.3

  2000       I   r117.2   r146.6    r125.1   r125.0    r104.8    r106.6   r106.2   r106.5   r135.1   r108.9
            II   r118.8   r148.7    r125.1   r127.6    r106.1    r107.4   r106.5   r107.1   r139.3   r109.8
           III   r119.6   r149.7    r125.2   r129.7    r107.0    r108.5   r107.1   r108.1   r135.8   r110.5
            IV   r119.8   r149.8    r125.1   r132.7    r108.7    r110.8   r107.8   r110.0   r120.5   r110.9

        ANNUAL   r118.8   r148.7    r125.1   r128.8    r106.7    r108.3   r106.9   r107.9   r132.6   r110.0

  2001       I   r119.9   r150.1    r125.1   r134.5    r109.1    r112.2   r109.3   r111.4   r111.1   r111.4
            II   r120.9   r150.4    r124.4   r136.5    r109.9    r112.9   r111.2   r112.5   r107.4   r112.0
           III    121.6    149.9     123.3    138.2     111.0     113.6    113.7    113.6     99.7    112.5
  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  1999       I     r4.5     r6.8      r2.2     r4.3      r2.7     r-0.2    r-1.7    r-0.6    r11.6     r0.7
            II     r0.8     r3.6       2.8      4.2      r1.4      r3.4     r2.4     r3.1   r-16.4     r0.8
           III     r2.4     r4.9      r2.5     r5.2      r2.1      r2.7     r6.1     r3.6   r-20.0     r0.8
            IV     r3.5     r6.5      r2.9     r4.2      r0.9      r0.7     r0.7     r0.7    r10.5     r1.7

        ANNUAL     r3.1     r5.6       2.4      4.5       2.3      r1.3     r1.9     r1.4    r-5.4     r0.7

  2000       I     r2.8     r5.3      r2.5     r6.0      r2.0      r3.2     r4.1     r3.4    r12.2     r4.3
            II     r5.6     r5.7      r0.1     r8.4      r5.4      r2.7     r1.1     r2.3    r13.0     r3.4
           III     r2.6     r2.8      r0.2     r7.0      r3.3      r4.3     r2.4     r3.8    r-9.8     r2.2
            IV     r0.7     r0.3      -0.3      9.6       6.5      r8.9     r2.6     r7.2   r-38.0     r1.6

        ANNUAL     r3.1     r4.8      r1.7     r6.3      r2.8      r3.1     r2.7     r3.0    r-1.0     r2.5

  2001       I     r0.5      0.7      r0.2     r5.5      r1.3       5.0      5.8      5.2    -27.8      1.8
            II     r3.3      0.8     r-2.4     r6.1      r2.9       2.7      7.0      3.8    -12.6      2.3
           III      2.4     -1.3      -3.6      4.9       4.2       2.5      9.2      4.3    -25.7      1.5
  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  1999       I     r4.2     r6.3      r2.1     r4.6       3.1      r0.4     r1.1     r0.6    r-1.6     r0.4
            II     r3.2     r5.8      r2.5     r4.3      r2.3      r1.1     r1.5     r1.2    r-3.6     r0.7
           III     r2.4     r5.1       2.6      4.4       2.0      r2.0     r3.1     r2.3   r-11.6     r0.7
            IV     r2.8     r5.5      r2.6     r4.5      r1.8      r1.6     r1.8     r1.7    r-4.7     r1.0

        ANNUAL     r3.1     r5.6       2.4      4.5       2.3      r1.3     r1.9     r1.4    r-5.4     r0.7

  2000       I     r2.4     r5.1      r2.7     r4.9      r1.6      r2.5     r3.3     r2.7    r-4.6     r1.9
            II     r3.6     r5.6      r2.0     r6.0      r2.6      r2.3     r3.0     r2.5     r2.9     r2.5
           III     r3.6     r5.1      r1.4     r6.4      r2.9      r2.7     r2.0     r2.5     r6.0     r2.9
            IV     r2.9     r3.5      r0.6     r7.8      r4.3      r4.7     r2.5     r4.1    r-8.2     r2.9

        ANNUAL     r3.1     r4.8      r1.7     r6.3      r2.8      r3.1     r2.7     r3.0    r-1.0     r2.5

  2001       I     r2.3     r2.3      r0.0     r7.6      r4.1      r5.2     r2.9     r4.6   r-17.8     r2.2
            II     r1.8     r1.2      -0.6      7.0       3.5      r5.2     r4.4     r5.0   r-22.9     r2.0
           III      1.7      0.1      -1.5      6.5       3.7       4.7      6.1      5.1    -26.6      1.8
  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        December 6, 2001
  r=revised                                                               Source: Bureau of Labor Statistics



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

  1996       I    104.4      114.0     109.2     108.5        99.3      104.0       112.3      107.0
            II    105.6      116.1     110.0     109.7        99.6      103.9       113.7      107.5
           III    105.6      116.8     110.7     110.7       100.0      104.8       113.3      108.0
            IV    106.0      118.4     111.7     111.6        99.9      105.3       113.7      108.4

        ANNUAL    105.4      116.4     110.4     110.1        99.8      104.5       113.3      107.7

  1997       I    106.4      119.9     112.7     112.2        99.9      105.4       115.3      109.1
            II    107.5      122.0     113.5     112.5       100.0      104.7       118.0      109.6
           III    108.5      123.5     113.8     113.8       100.7      104.9       118.4      109.9
            IV    108.7      124.4     114.5     115.6       101.8      106.4       116.7      110.2

        ANNUAL    107.8      122.5     113.6     113.5       100.7      105.3       117.1      109.7

  1998       I    110.0      126.7     115.2     117.6       103.3      106.9       116.1      110.3
            II    110.0      127.3     115.7     119.1       104.4      108.3       114.0      110.4
           III    110.7      128.7     116.3     120.6       105.2      108.9       113.7      110.7
            IV    111.9      131.3     117.3     121.8       105.8      108.8       114.3      110.8

        ANNUAL    110.7      128.5     116.1     119.8       104.8      108.2       114.5      110.6

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1996       I      4.0        4.1       0.1       2.2        -0.9       -1.8         7.4        1.7
            II      4.6        7.6       2.8       4.5         1.0       -0.1         5.1        1.9
           III     -0.1        2.4       2.5       3.5         1.5        3.6        -1.4        1.6
            IV      1.5        5.5       3.9       3.2        -0.1        1.6         1.3        1.5

        ANNUAL      2.8        4.4       1.6       3.2         0.4        0.4         3.5        1.6

  1997       I      1.6        5.2       3.5       2.2        -0.1        0.6         5.9        2.6
            II      4.2        7.1       2.8       1.4         0.5       -2.7         9.6        1.9
           III      3.8        4.9       1.1       4.5         2.8        0.7         1.5        1.0
            IV      0.6        3.2       2.6       6.5         4.2        5.8        -5.7        1.1

        ANNUAL      2.3        5.2       2.9       3.1         0.9        0.8         3.4        1.8

  1998       I      4.9        7.5       2.4       7.1         6.3        2.1        -2.0        0.5
            II      0.1        1.9       1.9       5.4         4.1        5.3        -6.9        0.5
           III      2.5        4.4       1.8       4.9         3.3        2.3        -1.2        0.9
            IV      4.5        8.2       3.6       4.1         2.2       -0.4         2.0        0.5

        ANNUAL      2.7        4.9       2.2       5.5         4.0        2.8        -2.2        0.8

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1996       I      2.4        3.2       0.8       2.8         0.2        0.5         3.1        1.5
            II      3.2        4.9       1.6       3.1         0.5        0.0         4.2        1.6
           III      3.0        4.5       1.5       3.4         0.7        0.4         3.6        1.6
            IV      2.5        4.9       2.3       3.3         0.4        0.8         3.0        1.7

        ANNUAL      2.8        4.4       1.6       3.2         0.4        0.4         3.5        1.6

  1997       I      1.9        5.2       3.2       3.3         0.6        1.4         2.7        1.9
            II      1.8        5.0       3.2       2.6         0.4        0.7         3.8        1.9
           III      2.8        5.7       2.8       2.8         0.8        0.0         4.5        1.8
            IV      2.5        5.1       2.5       3.6         1.8        1.1         2.7        1.7

        ANNUAL      2.3        5.2       2.9       3.1         0.9        0.8         3.4        1.8

  1998       I      3.4        5.7       2.2       4.8         3.4        1.4         0.7        1.1
            II      2.3        4.4       2.0       5.9         4.3        3.5        -3.3        0.8
           III      2.0        4.2       2.2       6.0         4.5        3.9        -4.0        0.7
            IV      3.0        5.5       2.4       5.4         4.0        2.3        -2.1        0.6

        ANNUAL      2.7        4.9       2.2       5.5         4.0        2.8        -2.2        0.8

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       December 6, 2001
                                                                         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

  1996       I    104.5      114.4     109.4     108.3        99.2      103.6       112.7      106.9
            II    105.6      116.4     110.3     109.5        99.3      103.7       113.8      107.3
           III    105.5      117.2     111.0     110.3        99.6      104.5       113.4      107.7
            IV    105.9      118.7     112.1     111.2        99.6      104.9       114.2      108.3

        ANNUAL    105.4      116.7     110.7     109.8        99.5      104.2       113.5      107.6

  1997       I    106.2      120.2     113.1     111.8        99.6      105.2       115.9      109.1
            II    107.3      122.2     113.9     112.2        99.7      104.5       118.8      109.7
           III    108.2      123.6     114.2     113.3       100.3      104.7       119.4      110.1
            IV    108.4      124.7     115.0     115.0       101.3      106.1       117.8      110.4

        ANNUAL    107.5      122.7     114.1     113.1       100.3      105.2       118.0      109.8

  1998       I    109.6      127.0     115.9     116.9       102.8      106.7       117.2      110.5
            II    109.8      127.7     116.3     118.6       103.9      108.0       115.2      110.6
           III    110.3      129.0     116.9     120.0       104.7      108.7       114.8      111.0
            IV    111.5      131.6     118.0     121.1       105.3      108.6       115.4      111.1

        ANNUAL    110.3      128.8     116.8     119.2       104.2      108.0       115.7      110.8

  ---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

  1996       I      3.8        3.9       0.1       2.3        -0.8       -1.5         6.7        1.6
            II      4.1        7.4       3.2       4.2         0.7        0.0         4.1        1.6
           III     -0.2        2.5       2.7       3.1         1.1        3.3        -1.5        1.4
            IV      1.5        5.6       4.0       3.2        -0.1        1.7         2.7        2.1

        ANNUAL      2.5        4.3       1.7       3.1         0.3        0.5         2.8        1.4

  1997       I      1.1        4.8       3.7       2.3         0.0        1.1         6.3        3.1
            II      4.2        7.1       2.7       1.4         0.6       -2.6        10.2        2.2
           III      3.3        4.6       1.3       4.0         2.3        0.7         2.4        1.3
            IV      0.6        3.4       2.7       6.3         4.0        5.6        -5.6        1.1

        ANNUAL      2.0        5.1       3.1       3.0         0.8        0.9         3.9        2.1

  1998       I      4.7        7.8       3.0       6.8         6.1        2.0        -1.7        0.6
            II      0.5        2.1       1.6       5.6         4.4        5.1        -6.7        0.4
           III      2.2        4.3       2.1       4.9         3.3        2.7        -1.3        1.2
            IV      4.4        8.3       3.7       3.9         2.0       -0.4         2.1        0.5

        ANNUAL      2.6        5.0       2.4       5.4         3.9        2.7        -1.9        0.9

  ---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

  1996       I      2.3        3.2       0.9       2.8         0.2        0.5         2.5        1.3
            II      3.0        4.8       1.8       3.0         0.4        0.1         3.2        1.2
           III      2.7        4.4       1.7       3.2         0.5        0.5         2.8        1.3
            IV      2.3        4.8       2.5       3.2         0.2        0.9         3.0        1.7

        ANNUAL      2.5        4.3       1.7       3.1         0.3        0.5         2.8        1.4

  1997       I      1.6        5.1       3.4       3.2         0.4        1.5         2.9        2.0
            II      1.6        5.0       3.3       2.5         0.4        0.9         4.3        2.2
           III      2.5        5.5       2.9       2.7         0.7        0.2         5.3        2.2
            IV      2.3        5.0       2.6       3.5         1.7        1.1         3.1        1.9

        ANNUAL      2.0        5.1       3.1       3.0         0.8        0.9         3.9        2.1

  1998       I      3.2        5.7       2.4       4.6         3.2        1.4         1.2        1.3
            II      2.3        4.5       2.1       5.7         4.2        3.3        -3.0        0.8
           III      2.0        4.4       2.4       5.9         4.4        3.8        -3.8        0.8
            IV      2.9        5.6       2.6       5.3         3.9        2.3        -2.0        0.7

        ANNUAL      2.6        5.0       2.4       5.4         3.9        2.7        -1.9        0.9

  ---------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                       December 6, 2001
                                                                         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

  1996       I          111.4         114.2        102.6        108.4           99.2          97.4
            II          112.1         116.2        103.7        109.1           99.0          97.3
           III          113.5         118.1        104.0        109.6           99.0          96.6
            IV          114.4         119.3        104.3        110.3           98.8          96.4

        ANNUAL          112.8         117.0        103.6        109.4           99.1          96.9

  1997       I          115.3         121.2        105.1        110.3           98.2          95.6
            II          116.3         122.7        105.6        110.5           98.2          95.0
           III          118.8         125.0        105.2        111.6           98.7          93.9
            IV          120.1         127.3        106.0        113.3           99.8          94.3

        ANNUAL          117.6         124.1        105.5        111.4           98.8          94.7

  1998       I          121.9         129.0        105.9        115.4          101.4          94.7
            II          123.1         129.8        105.5        117.0          102.5          95.1
           III          125.0         130.7        104.5        118.2          103.2          94.6
            IV          125.9         132.1        105.0        119.1          103.4          94.6

        ANNUAL          124.0         130.4        105.2        117.4          102.7          94.7

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1996       I            3.7           0.4         -3.2         -0.6           -3.6          -4.1
            II            2.7           7.2          4.4          2.3           -1.1          -0.3
           III            5.1           6.4          1.2          2.2            0.2          -2.8
            IV            3.2           4.1          0.9          2.4           -0.9          -0.7

        ANNUAL            3.5           3.1         -0.4          1.4           -1.3          -2.1

  1997       I            3.2           6.7          3.4         -0.1           -2.4          -3.2
            II            3.4           5.1          1.6          0.8            0.0          -2.5
           III            9.0           7.5         -1.3          3.9            2.2          -4.7
            IV            4.6           7.7          3.0          6.5            4.2           1.8

        ANNUAL            4.3           6.1          1.8          1.9           -0.3          -2.3

  1998       I            5.9           5.5         -0.4          7.7            6.9           1.6
            II            4.0           2.4         -1.5          5.7            4.5           1.6
           III            6.3           2.6         -3.5          3.9            2.4          -2.2
            IV            2.9           4.5          1.6          3.0            1.1           0.1

        ANNUAL            5.4           5.1         -0.2          5.4            3.9           0.0

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1996       I            3.5           1.0         -2.4          1.5           -1.0          -1.9
            II            3.2           2.9         -0.2          1.2           -1.4          -2.0
           III            3.7           4.1          0.4          1.2           -1.4          -2.5
            IV            3.7           4.5          0.8          1.6           -1.4          -2.0

        ANNUAL            3.5           3.1         -0.4          1.4           -1.3          -2.1

  1997       I            3.5           6.1          2.5          1.7           -1.0          -1.8
            II            3.7           5.6          1.8          1.3           -0.8          -2.3
           III            4.7           5.9          1.1          1.7           -0.3          -2.8
            IV            5.0           6.8          1.7          2.7            1.0          -2.2

        ANNUAL            4.3           6.1          1.8          1.9           -0.3          -2.3

  1998       I            5.7           6.5          0.7          4.7            3.3          -1.0
            II            5.9           5.8         -0.1          5.9            4.4           0.1
           III            5.2           4.5         -0.6          5.9            4.5           0.7
            IV            4.8           3.7         -1.0          5.1            3.7           0.3

        ANNUAL            5.4           5.1         -0.2          5.4            3.9           0.0

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                December 6, 2001
                                                                  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

  1996       I          116.3         122.7        105.6        106.8           97.8          91.9
            II          117.3         126.0        107.3        107.1           97.2          91.3
           III          119.0         128.1        107.7        107.6           97.2          90.4
            IV          120.1         129.6        108.0        108.0           96.7          89.9

        ANNUAL          118.2         126.6        107.2        107.4           97.3          90.9

  1997       I          120.7         132.3        109.6        107.6           95.9          89.2
            II          122.4         134.9        110.3        107.9           95.9          88.1
           III          125.4         138.2        110.2        109.0           96.4          86.9
            IV          128.1         142.3        111.1        110.9           97.6          86.6

        ANNUAL          124.2         137.0        110.3        108.9           96.5          87.7

  1998       I          130.8         145.8        111.5        112.9           99.2          86.3
            II          132.5         147.1        111.0        114.4          100.3          86.4
           III          135.7         149.5        110.2        115.4          100.7          85.0
            IV          137.9         153.0        110.9        116.5          101.3          84.5

        ANNUAL          134.2         148.8        110.9        114.8          100.4          85.6

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1996       I            5.0           2.7         -2.3         -3.1           -6.1          -7.8
            II            3.8          11.0          6.9          1.0           -2.3          -2.7
           III            5.6           7.1          1.4          1.8           -0.2          -3.7
            IV            3.7           4.7          0.9          1.4           -1.8          -2.2

        ANNUAL            4.4           5.4          0.9         -0.1           -2.8          -4.4

  1997       I            2.2           8.6          6.2         -1.2           -3.4          -3.3
            II            5.7           8.2          2.3          0.9            0.1          -4.6
           III           10.2          10.0         -0.2          4.0            2.3          -5.6
            IV            8.9          12.5          3.4          7.3            5.1          -1.4

        ANNUAL            5.1           8.2          2.9          1.4           -0.8          -3.5

  1998       I            8.7          10.1          1.2          7.6            6.8          -1.0
            II            5.2           3.6         -1.5          5.4            4.1           0.2
           III           10.1           6.6         -3.2          3.5            1.9          -6.0
            IV            6.7           9.7          2.8          4.0            2.1          -2.5

        ANNUAL            8.1           8.7          0.5          5.5            4.0          -2.4

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1996       I            4.0           2.8         -1.1          0.1           -2.4          -3.7
            II            4.4           5.7          1.3         -0.5           -3.1          -4.7
           III            4.9           6.6          1.7         -0.5           -3.0          -5.1
            IV            4.5           6.3          1.7          0.2           -2.6          -4.1

        ANNUAL            4.4           5.4          0.9         -0.1           -2.8          -4.4

  1997       I            3.8           7.8          3.8          0.8           -2.0          -3.0
            II            4.3           7.1          2.7          0.7           -1.4          -3.4
           III            5.4           7.8          2.3          1.3           -0.8          -3.9
            IV            6.7           9.8          2.9          2.7            0.9          -3.7

        ANNUAL            5.1           8.2          2.9          1.4           -0.8          -3.5

  1998       I            8.4          10.2          1.7          4.9            3.5          -3.2
            II            8.2           9.0          0.7          6.1            4.6          -2.0
           III            8.2           8.2          0.0          5.9            4.5          -2.1
            IV            7.7           7.5         -0.2          5.1            3.7          -2.4

        ANNUAL            8.1           8.7          0.5          5.5            4.0          -2.4

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                December 6, 2001
                                                                  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

  1996       I          107.4         105.9         98.6        110.4          101.0         102.8
            II          107.9         106.7         98.9        111.5          101.2         103.3
           III          109.3         108.3         99.1        112.2          101.3         102.7
            IV          110.1         109.4         99.3        113.3          101.5         102.9

        ANNUAL          108.7         107.6         99.0        111.8          101.3         102.9

  1997       I          111.7         110.7         99.2        113.7          101.2         101.8
            II          112.1         111.3         99.3        113.8          101.2         101.6
           III          114.3         112.7         98.6        114.8          101.6         100.5
            IV          114.3         113.3         99.1        116.2          102.3         101.7

        ANNUAL          113.1         112.0         99.0        114.7          101.7         101.4

  1998       I          115.2         113.4         98.4        118.4          104.0         102.8
            II          115.9         113.6         98.0        120.2          105.3         103.7
           III          116.5         113.0         97.0        121.5          106.1         104.3
            IV          116.1         112.6         97.0        121.9          105.9         105.0

        ANNUAL          115.9         113.1         97.6        120.5          105.4         104.0

  --------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

  1996       I            2.5          -2.0         -4.5          3.5            0.3           0.9
            II            2.1           3.1          1.0          4.1            0.6           1.9
           III            5.0           5.9          0.9          2.7            0.7          -2.1
            IV            3.1           4.1          0.9          4.1            0.7           0.9

        ANNUAL            2.9           0.8         -2.1          3.6            0.9           0.7

  1997       I            5.8           5.2         -0.6          1.2           -1.1          -4.4
            II            1.4           2.0          0.6          0.6           -0.2          -0.8
           III            8.3           5.0         -3.0          3.5            1.8          -4.4
            IV           -0.1           2.3          2.4          5.0            2.8           5.1

        ANNUAL            4.1           4.1          0.1          2.5            0.3          -1.5

  1998       I            3.1           0.1         -2.9          7.5            6.7           4.3
            II            2.6           1.0         -1.6          6.2            5.0           3.5
           III            2.0          -2.1         -4.0          4.7            3.1           2.6
            IV           -1.5          -1.7         -0.2          1.1           -0.7           2.7

        ANNUAL            2.5           1.0         -1.4          5.1            3.6           2.5

  --------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

  1996       I            3.2          -1.0         -4.1          3.6            1.0           0.3
            II            2.3          -0.1         -2.4          3.6            1.0           1.3
           III            3.0           1.5         -1.5          3.6            0.9           0.6
            IV            3.2           2.7         -0.4          3.6            0.6           0.4

        ANNUAL            2.9           0.8         -2.1          3.6            0.9           0.7

  1997       I            4.0           4.6          0.5          3.0            0.2          -0.9
            II            3.8           4.3          0.4          2.1            0.0          -1.6
           III            4.6           4.1         -0.5          2.3            0.3          -2.2
            IV            3.8           3.6         -0.2          2.6            0.8          -1.2

        ANNUAL            4.1           4.1          0.1          2.5            0.3          -1.5

  1998       I            3.1           2.4         -0.7          4.1            2.7           1.0
            II            3.4           2.1         -1.3          5.5            4.0           2.1
           III            1.9           0.3         -1.5          5.8            4.4           3.9
            IV            1.5          -0.7         -2.2          4.8            3.5           3.3

        ANNUAL            2.5           1.0         -1.4          5.1            3.6           2.5

  --------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                December 6, 2001
                                                                  Source: Bureau of Labor Statistics

Appendix table 6. Nonfinancial corporations:  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

  1996      I    106.4    117.0     110.0    107.8      98.6     101.3    101.3    101.3    150.5    105.5
           II    107.4    119.1     110.9    108.9      98.8     101.4    100.7    101.2    151.8    105.5
          III    107.8    120.7     111.9    109.5      98.9     101.5    100.3    101.2    151.9    105.5
           IV    108.4    122.9     113.4    109.8      98.3     101.2    100.2    100.9    154.6    105.5

       ANNUAL    107.5    119.9     111.5    109.0      98.7     101.4    100.6    101.2    152.2    105.5

  1997      I    107.6    123.8     115.1    109.6      97.6     101.9    100.6    101.6    154.8    106.1
           II    107.6    125.7     116.8    109.5      97.3     101.7    101.5    101.7    155.4    106.2
          III    108.9    128.2     117.7    110.3      97.6     101.3    101.0    101.2    160.5    106.2
           IV    109.6    130.2     118.8    111.9      98.5     102.1    100.6    101.7    156.8    106.3

       ANNUAL    108.5    127.0     117.1    110.4      97.9     101.8    100.9    101.5    156.9    106.2

  1998      I    109.9    131.2     119.4    113.9     100.1     103.6    101.7    103.1    143.8    106.5
           II    111.2    133.1     119.7    115.4     101.1     103.8    101.9    103.3    140.4    106.4
          III    112.8    135.6     120.3    116.8     102.0     103.6    101.8    103.1    144.9    106.7
           IV    113.3    137.3     121.2    117.9     102.4     104.1    103.3    103.9    137.7    106.7

       ANNUAL    111.8    134.3     120.1    116.0     101.4     103.8    102.2    103.3    141.7    106.6

  ----------------------------------------------------------------------------------------------------------
                             Percent change from previous quarter at annual rate(5)

  1996      I      3.6      3.3      -0.3      2.2      -0.9      -1.4     -2.9     -1.8     21.7      0.7
           II      3.7      7.4       3.5      4.1       0.7       0.4     -2.1     -0.3      3.3      0.1
          III      1.8      5.6       3.8      2.3       0.3       0.5     -1.6     -0.1      0.4      0.0
           IV      2.2      7.5       5.2      1.0      -2.3      -1.2     -0.7     -1.0      7.1     -0.1

       ANNUAL      3.2      5.0       1.8      2.7      -0.1      -0.5     -1.5     -0.8      9.5      0.4

  1997      I     -3.1      3.0       6.3     -0.5      -2.7       2.7      1.9      2.5      0.6      2.3
           II      0.1      6.0       5.9     -0.5      -1.3      -0.6      3.5      0.5      1.7      0.6
          III      4.9      8.4       3.3      3.1       1.4      -1.7     -2.1     -1.8     13.7      0.0
           IV      2.6      6.3       3.6      5.8       3.6       3.1     -1.5      1.8     -8.9      0.4

       ANNUAL      0.9      5.9       5.0      1.3      -0.9       0.4      0.3      0.4      3.1      0.7

  1998      I      1.0      3.2       2.1      7.2       6.4       6.1      4.5      5.7    -29.2      0.7
           II      4.8      5.9       1.1      5.5       4.3       0.7      0.8      0.7     -9.2     -0.4
          III      5.7      7.8       1.9      5.0       3.4      -0.7     -0.5     -0.6     13.5      0.9
           IV      1.8      4.9       3.1      3.7       1.9       1.9      5.9      3.0    -18.4      0.3

       ANNUAL      3.1      5.8       2.6      5.1       3.7       2.0      1.2      1.8     -9.7      0.3

  ----------------------------------------------------------------------------------------------------------
                          Percent change from corresponding quarter of previous year

  1996      I      3.2      4.0       0.8      2.5      -0.1      -0.7     -1.0     -0.8     12.2      0.6
           II      3.7      5.2       1.5      2.9       0.2      -0.8     -2.0     -1.1     12.8      0.4
          III      3.0      5.0       1.9      2.8       0.2      -0.2     -1.3     -0.5      5.8      0.2
           IV      2.8      5.9       3.0      2.4      -0.6      -0.4     -1.8     -0.8      7.8      0.2

       ANNUAL      3.2      5.0       1.8      2.7      -0.1      -0.5     -1.5     -0.8      9.5      0.4

  1997      I      1.1      5.9       4.7      1.7      -1.0       0.6     -0.6      0.3      2.8      0.6
           II      0.2      5.5       5.3      0.6      -1.5       0.3      0.8      0.5      2.4      0.7
          III      1.0      6.2       5.2      0.8      -1.2      -0.2      0.6      0.0      5.6      0.7
           IV      1.1      5.9       4.8      2.0       0.2       0.8      0.4      0.7      1.4      0.8

       ANNUAL      0.9      5.9       5.0      1.3      -0.9       0.4      0.3      0.4      3.1      0.7

  1998      I      2.2      6.0       3.7      3.9       2.5       1.7      1.1      1.5     -7.1      0.4
           II      3.3      5.9       2.5      5.4       3.9       2.0      0.4      1.6     -9.7      0.2
          III      3.5      5.8       2.2      5.9       4.4       2.3      0.8      1.9     -9.7      0.4
           IV      3.3      5.4       2.0      5.3       4.0       2.0      2.7      2.2    -12.1      0.4

       ANNUAL      3.1      5.8       2.6      5.1       3.7       2.0      1.2      1.8     -9.7      0.3

  ----------------------------------------------------------------------------------------------------------
  See footnotes following Table 6.                                        December 6, 2001
                                                                          Source: Bureau of Labor Statistics


1






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 
-1.6 and +1.8 index points approximately 95 percent of the time.  This 
interval is based on the performance of this measure between the fourth 
quarter of 1995 and the second quarter of 2001.  



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 1978-2000 is based on the 
Consumer Price Index research series (CPI-U-RS).

(3)  Unit nonlabor payments include profits, capital consumption allowances, 
interest, rental income of persons, and indirect taxes.

(4)  Current dollar output divided by the output index.

(5)  Quarterly changes:  Percent change compounded at annual rate from the 
original data rather than index numbers.  Annual changes:  Percent 
change between annual average levels.

(6)  Unit nonlabor costs include capital consumption allowances, interest, 
rental income of persons, and indirect taxes.  For nonfinancial 
corporations, rental income of persons is zero by definition.

(7)  Total unit costs are the sum of unit labor and nonlabor costs.

(8)  Unit profits include corporate profits with inventory valuation and 
capital consumption adjustments.