Table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted



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

2006       I     136.1      162.8     119.6     168.0       120.7      123.5       133.4      127.2
          II     136.6      164.0     120.1     168.1       119.7      123.1       136.2      128.0
         III     135.9      164.1     120.8     169.0       119.1      124.3       136.2      128.8
          IV     135.9      164.8     121.2     172.6       122.1      127.0       133.4      129.4

      ANNUAL     136.1      163.9     120.4     169.5       120.4      124.5       134.8      128.3

2007       I     135.9      164.5     121.0     174.7       122.4      128.5       134.3      130.7
          II     137.6      166.8     121.2     175.5       121.6      127.5       137.4      131.2
         III     139.7      169.0     121.0     177.0       121.9      126.7       139.7      131.6
          IV     139.7      168.8     120.8     178.9       121.7      128.1       139.2      132.2

      ANNUAL     138.2      167.3     121.0     176.5       121.9      127.7       137.7      131.4

2008       I     140.5      169.1     120.3     180.6       121.5      128.5       140.2      132.9
          II    r141.8     r170.2    r120.0    r182.2      r121.2     r128.6      r140.9     r133.2
         III     142.2      169.5     119.2     184.3       120.6      129.6       143.1      134.7
---------------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

2006       I       2.6        5.6       3.0       5.5         3.6        2.8         3.1        3.0
          II       1.4        2.9       1.5       0.2        -3.3       -1.2         8.6        2.6
         III      -2.0        0.3       2.4       2.0        -1.9        4.1        -0.1        2.4
          IV       0.2        1.7       1.5       9.0        10.6        8.8        -8.0        1.9

      ANNUAL       0.9        3.0       2.1       3.8         0.5        2.9         3.3        3.0

2007       I      -0.1       -0.7      -0.6       4.8         1.1        4.8         2.8        4.0
          II       5.0        5.6       0.6       1.9        -2.6       -2.9         9.6        1.7
         III       6.2        5.5      -0.7       3.6         0.8       -2.5         6.9        1.1
          IV       0.1       -0.6      -0.7       4.4        -0.6        4.3        -1.6        2.0

      ANNUAL       1.5        2.0       0.5       4.2         1.3        2.6         2.1        2.4

2008       I       2.3        0.7      -1.6       3.6        -0.6        1.3         3.1        2.0
          II      r3.7       r2.6      -1.0      r3.8       r-1.2       r0.1        r2.0        0.9
         III       1.3       -1.5      -2.8       4.7        -1.9        3.4         6.3        4.5
---------------------------------------------------------------------------------------------------------
                      Percent change from corresponding quarter of previous year

2006       I       1.3        3.6       2.3       4.3         0.5        2.9         3.9        3.3
          II       1.7        3.5       1.8       4.0         0.1        2.3         5.2        3.4
         III       0.2        2.4       2.2       2.9        -0.4        2.7         3.5        3.0
          IV       0.5        2.6       2.1       4.1         2.1        3.6         0.7        2.5

      ANNUAL       0.9        3.0       2.1       3.8         0.5        2.9         3.3        3.0

2007       I      -0.1        1.0       1.2       3.9         1.5        4.1         0.7        2.7
          II       0.7        1.7       1.0       4.4         1.7        3.6         0.9        2.5
         III       2.8        3.0       0.2       4.8         2.4        1.9         2.6        2.2
          IV       2.8        2.4      -0.3       3.7        -0.3        0.9         4.3        2.2

      ANNUAL       1.5        2.0       0.5       4.2         1.3        2.6         2.1        2.4

2008       I       3.4        2.8      -0.6       3.4        -0.7        0.0         4.4        1.7
          II      r3.0       r2.0      -1.0       3.9        -0.4       r0.8        r2.6        1.5
         III       1.8        0.3      -1.5       4.1        -1.1        2.3         2.4        2.3
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                       November 6, 2008
r=revised                                                              Source: Bureau of Labor Statistics


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Last Modified Date: November 06, 2008