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



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

2006       I    r135.1     r163.2    r120.8    r166.8      r119.7     r123.5      r135.5     r127.9
          II    r135.7     r164.3    r121.1    r167.1      r118.9     r123.1      r138.6     r128.8
         III    r134.9     r164.4    r121.9    r167.9      r118.3     r124.4      r138.3     r129.5
          IV    r135.0     r165.0    r122.2    r171.7      r121.4     r127.1      r134.9     r130.0

      ANNUAL    r135.2     r164.2    r121.5    r168.3      r119.6     r124.5      r136.8     r129.1

2007       I    r135.0     r164.7    r122.0    r173.7      r121.8     r128.7      r135.2     r131.1
          II    r136.4     r167.0    r122.4    r174.1      r120.7     r127.7      r138.2     r131.5
         III    r138.3     r169.2    r122.3    r175.5      r120.9     r126.9      r140.3     r131.8
          IV    r138.6     r168.9    r121.9    r177.8      r121.0     r128.3      r139.8     r132.5

      ANNUAL    r137.1     r167.5    r122.2    r175.3      r121.1     r127.9      r138.4     r131.7

2008       I    r139.5     r169.3    r121.4    r180.1      r121.2     r129.1      r140.3     r133.2
          II     140.3      170.0     121.2     181.7       120.8      129.5       140.0      133.4
---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

2006       I      r2.5       r6.0      r3.3      r5.2        r3.3       r2.6        r3.9       r3.1
          II      r1.8       r2.9       1.1      r0.7       r-2.8      r-1.1        r9.4       r2.9
         III     r-2.1       r0.3       2.4      r2.0       r-2.0       r4.1       r-0.9       r2.1
          IV      r0.2       r1.4      r1.2      r9.4       r11.0       r9.1       r-9.5       r1.5

      ANNUAL       1.0        3.2       2.2      r3.8        r0.5       r2.8        r3.6       r3.1

2007       I      r0.0      r-0.9      -0.9      r4.9        r1.2       r4.9        r0.9       r3.4
          II      r4.1       r5.8      r1.6      r0.8       r-3.6      r-3.2        r9.4       r1.5
         III      r5.8       r5.5     r-0.3       3.3        r0.5      r-2.4        r6.3       r0.9
          IV      r0.8      r-0.7      -1.6      r5.4        r0.4       r4.5       r-1.6       r2.1

      ANNUAL      r1.4       r2.0       0.5      r4.1        r1.3       r2.7        r1.2       r2.1

2008       I       2.6       r0.9     r-1.6      r5.2        r0.8       r2.5        r1.5       r2.1
          II       2.2        1.7      -0.5       3.6        -1.4        1.3        -0.9        0.5
---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

2006       I      r1.3       r3.7       2.4       4.2        r0.5       r2.9        r4.3       r3.4
          II      r1.7       r3.7       2.0      r3.9        r0.0        2.2        r5.9       r3.6
         III      r0.3       r2.6       2.3      r2.9       r-0.5        2.6        r3.8       r3.1
          IV      r0.6       r2.6       2.0      r4.3        r2.2       r3.6        r0.5       r2.4

      ANNUAL       1.0        3.2       2.2      r3.8        r0.5       r2.8        r3.6       r3.1

2007       I      r0.0       r0.9       0.9      r4.2        r1.7       r4.2       r-0.2       r2.5
          II      r0.5       r1.6      r1.1      r4.2        r1.5       r3.7       r-0.2       r2.1
         III      r2.5       r2.9      r0.4      r4.6        r2.2       r2.0        r1.5       r1.8
          IV      r2.7       r2.4     r-0.3      r3.6       r-0.4       r0.9        r3.7       r2.0

      ANNUAL      r1.4       r2.0       0.5      r4.1        r1.3       r2.7        r1.2       r2.1

2008       I       3.3       r2.8     r-0.5      r3.6       r-0.5       r0.3        r3.8       r1.6
          II       2.8        1.8      -1.0       4.3         0.1        1.5         1.3        1.4
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                       August 8, 2008
r=revised                                                              Source: Bureau of Labor Statistics


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Last Modified Date: August 08, 2008