Economic News Release

Productivity and Costs News Release



Transmission of material in this release is embargoed until       USDL-12-0401
8:30 a.m. (EST) Wednesday, March 7, 2012

Technical information: (202) 691-5606   dprweb@bls.gov  www.bls.gov/lpc
Media contact:         (202) 691-5902   PressOffice@bls.gov


                      PRODUCTIVITY AND COSTS
            Fourth Quarter and Annual Averages 2011, Revised
            
Nonfarm business sector labor productivity increased at a 0.9 percent 
annual rate during the fourth quarter of 2011, the U.S. Bureau of Labor 
Statistics reported today. The gain in productivity reflects increases of 
3.7 percent in output and 2.7 percent in hours worked. (All quarterly 
percent changes in this release are seasonally adjusted annual rates.) 
From the fourth quarter of 2010 to the fourth quarter of 2011, 
productivity grew 0.3 percent, as output rose 2.3 percent and hours rose 
1.9 percent. (See table A.) Annual average productivity increased 0.4 
percent from 2010 to 2011. (See table C.)

Labor productivity, or output per hour, is calculated by dividing an index 
of real output by an index of hours worked of all persons, including 
employees, proprietors, and unpaid family workers. The measures released 
today were based on more recent source data than were available for the 
preliminary report.  

Unit labor costs in nonfarm businesses increased 2.8 percent in the fourth 
quarter of 2011, as productivity grew at a slower rate (+0.9 percent) than 
hourly compensation (+3.7 percent). Unit labor costs rose 3.1 percent over 
the last four quarters. (See table A.) Annual average unit labor costs 
increased 2.0 percent from 2010 to 2011. (See table C.)

BLS defines unit labor costs as the ratio of hourly compensation to labor 
productivity; increases in hourly compensation tend to increase unit labor 
costs and increases in output per hour tend to reduce them. 

---------------------------------------------------------------------------
Data in this release reflect the annual benchmark revision of BLS Current 
Employment Statistics program data on nonfarm employee hours, and revised 
seasonal adjustment of those data. More detail can be found in tables 1 
through 6 and appendix tables 1 through 6. See Revised measures.
---------------------------------------------------------------------------

Manufacturing sector productivity edged down 0.1 percent in the 
fourth quarter of 2011, as output rose 4.8 percent and hours worked 
increased 4.9 percent; this is the largest quarterly gain in hours 
worked since the second quarter of 1996 (6.2 percent). Over the 
last four quarters, manufacturing productivity increased 1.7 
percent. Annual average productivity grew 2.6 percent from 2010 to 
2011. Unit labor costs in manufacturing increased 2.0 percent in 
the fourth quarter of 2011 but were unchanged from the same quarter 
a year ago. (See tables A, C and 3.) 

The data sources and methods used in the preparation of the 
manufacturing output series differ from those used in preparing the 
business and nonfarm business output series, and these measures are 
not directly comparable. See Technical Notes for further 
information on data sources. 

Revised measures

Quarterly and annual measures of hours and related series--including 
productivity--for all sectors were revised back to 2007 to 
incorporate the annual benchmark adjustment and updated information 
on seasonal trends from the BLS nonfarm payroll series. Third 
quarter, fourth quarter, and annual average data for 2011 were also 
revised for regular updates of source data on output and 
compensation. Revised and previous measures for the third and 
fourth quarters of 2011 are shown in table B for the business, 
nonfarm business, and manufacturing sectors. Revised annual average 
measures for 2007 to 2011 are shown in table C for the nonfarm 
business and manufacturing sectors. Revised third quarter measures 
for the nonfinancial corporate sector are shown in table D. 
Quarterly and annual data for all sectors appear in tables 1-6 for 
2009 through 2011, and in appendix tables 1-6 for 2007 and 2008. 
Full historical annual and quarterly measures can be found on the 
labor productivity and costs home page at 
http://www.bls.gov/lpc/#data.

In the fourth quarter of 2011, nonfarm business productivity growth 
was 0.9 percent, reflecting an upward revision to output combined 
with a downward revision to hours worked. Unit labor costs rose 2.8 
percent, due to an upward revision to hourly compensation. 
Manufacturing productivity decreased less than the preliminary 
estimate, edging down 0.1 percent during the quarter. (See table 
B.) 

In the third quarter of 2011, nonfarm business productivity growth 
was little changed, at 1.8 percent. However, unit labor costs 
increased 3.9 percent rather than falling 2.1 percent as reported 
February 2, due to a 6.0 percentage point upward revision to hourly 
compensation and the slight downward revision to productivity.  In 
the manufacturing sector, productivity grew slightly less than 
previously reported. Unit labor costs fell less than previously 
reported due primarily to a large upward revision to hourly 
compensation. (See table D). 

Annual Average productivity growth for 2011 in both the nonfarm 
business and manufacturing sectors was slightly less than 
previously reported, due to upward revisions to hours worked; 
output increased at the same rates reported February 2. The 0.4 
percent increase in nonfarm business productivity was the smallest 
annual gain in the series since a 0.4 percent gain in 1995. In both 
the nonfarm business and manufacturing sectors, unit labor costs 
were revised upward for 2011; this was due both to upward revisions 
to hourly compensation and downward revisions to productivity. Unit 
labor costs rose 2.0 percent in the nonfarm business sector and 
declined 0.8 percent in the manufacturing sector. Real hourly 
compensation, which takes into account changes in consumer prices, 
decreased 0.7 percent in 2011 in the nonfarm business sector.  This 
is the largest annual decline in the measure since a 1.7 percent 
decline in 1989. (See table C.)

_____________



The preliminary Productivity and Costs press release for first-
quarter 2012 is scheduled to be released on Thursday, May 3, 2012 
at 8:30 a.m. (EDT).


======================================================================================================
Table A. Revised fourth-quarter 2011 measures: percent change from previous quarter at annual rate 
         (Q to Q) and from same quarter a year ago (Y to Y)

Sector                    Nonfarm                                        Durable         Nondurable
                          Business         Business      Manufacturing   Manufacturing   Manufacturing
                       Q to Q   Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y  Q to Q  Y to Y
------------------------------------------------------------------------------------------------------  
Productivity            0.9      0.3     1.0     0.1    -0.1     1.7     0.8     3.3     0.5     1.1
Output                  3.7      2.3     3.7     2.1     4.8     4.5     8.5     7.9     1.2     1.1
Hours                   2.7      1.9     2.8     2.0     4.9     2.7     7.6     4.4     0.7     0.0
Hourly compensation     3.7      3.5     3.8     3.5     1.9     1.7     0.6     1.0     3.8     2.6
Real hourly 
 compensation           2.8      0.2     2.8     0.1     1.0    -1.6    -0.3    -2.2     2.8    -0.7
Unit labor costs        2.8      3.1     2.8     3.3     2.0     0.0    -0.2    -2.2     3.3     1.5

======================================================================================================
Table B. Revised and previous measures: fourth quarter and third quarter 2011

Sector            Nonfarm                                             Durable           Nondurable
                  Business         Business         Manufacturing     Manufacturing     Manufacturing
              Revised Previous  Revised Previous  Revised Previous  Revised Previous  Revised Previous
------------------------------------------------------------------------------------------------------
                                Percent change, annual rate, fourth quarter 2011
                                
Productivity    0.9     0.7       1.0     0.6      -0.1     -0.4       0.8    -0.4       0.5     1.3
Output          3.7     3.6       3.7     3.5       4.8      3.8       8.5     6.3       1.2     1.5
Hours           2.7     2.9       2.8     2.9       4.9      4.2       7.6     6.7       0.7     0.2
Hourly 
 compensation   3.7     1.9       3.8     2.0       1.9      1.2       0.6     0.2       3.8     2.7
Real hourly 
 compensation   2.8     1.0       2.8     1.1       1.0      0.3      -0.3    -0.8       2.8     1.7
Unit labor 
 costs          2.8     1.2       2.8     1.4       2.0      1.6      -0.2     0.6       3.3     1.4

                                Percent change, annual rate, third quarter 2011
                                
Productivity    1.8     1.9       1.5     1.5       5.2      5.3       8.6     8.7       1.5     1.6
Output          2.8     2.8       2.7     2.7       4.9      5.0       7.6     7.8       2.2     2.3
Hours           1.0     0.9       1.2     1.1      -0.3     -0.3      -0.9    -0.9       0.7     0.6
Hourly 
 compensation   5.7    -0.3       5.3    -0.6       3.2     -0.6       4.0    -0.2       1.9    -1.2
Real hourly 
 compensation   2.6    -3.2       2.2    -3.5       0.2     -3.5       0.9    -3.1      -1.1    -4.1
Unit labor 
 costs          3.9    -2.1       3.8    -2.1      -1.9     -5.6      -4.3    -8.2       0.5    -2.8

======================================================================================================
Table C. Annual average changes in productivity and related measures, 2007-2011

Sector                            Nonfarm Business                         Manufacturing
                        2007    2008    2009    2010    2011  |  2007    2008    2009    2010    2011
--------------------------------------------------------------|---------------------------------------
                                                              |
Productivity            1.5     0.6     2.3     4.0     0.4   |  3.9    -0.5      0.5    6.0     2.6
Output                  2.1    -1.5    -5.1     4.0     2.4   |  2.2    -4.4    -12.5    6.0     4.9
Hours                   0.5    -2.1    -7.2     0.0     2.0   | -1.7    -4.0    -13.0    0.0     2.2
Hourly                                                        | 
 compensation           4.0     3.4     1.7     1.9     2.5   |  3.2     4.3      4.6    1.6     1.8
Real hourly                                                   |
 compensation           1.1    -0.4     2.1     0.3    -0.7   |  0.4     0.4      5.0   -0.1    -1.3
Unit labor                                                    | 
 costs                  2.4     2.8    -0.7    -2.0     2.0   | -0.7     4.8      4.0   -4.2    -0.8
                                                              |
======================================================================================================
Table D.  Nonfinancial corporations: revised third-quarter 2011 productivity and cost measures
        
                                                        Real 
                                           Hourly       hourly        Unit                    Implicit
             Produc-                       compen-      compen-       labor       Unit        price
             tivity    Output     Hours    sation       sation        costs       profits     deflator
------------------------------------------------------------------------------------------------------  
                                 Percent change, annual rate, third quarter 2011
                                 
Revised      -2.8       -0.8       2.0      0.2         -2.8           3.0         7.7          3.8
Previous     -2.6       -0.8       1.9      0.3         -2.7           3.0         7.7          3.8
------------------------------------------------------------------------------------------------------  



				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. Weekly
paid hours are adjusted to hours at work using data from the National 
Compensation Survey (NCS). The BLS Hours at Work survey, conducted for this 
purpose, was used for earlier years. The Office of Productivity and Technology
estimates average weekly hours at work for nonproduction and supervisory 
workers using information from the Current Population Survey (CPS), the CES,
and the NCS.
     Data from the CPS are used for farm labor, nonfarm proprietors, and 
nonfarm unpaid family workers. Estimates of labor input for government 
enterprises are derived from the CPS, the CES, and the National Income and
Product Accounts (NIPA) prepared by the Bureau of Economic Analysis (BEA) of 
the Department of Commerce.
     The CES measures jobs, counting a person who is employed by two or more
establishments at each place of employment. In contrast, the CPS features 
measures of employment that count each person only once and classify each 
person according to his or her primary job; hours worked at all jobs by that
person accrue to his or her primary job. However, the CPS also collects more
detailed information on employment and hours worked at primary jobs and all
other jobs, separately. The BLS productivity measures use the more detailed 
information on employment and hours to assign all hours worked to the correct 
industrial sector and avoid duplicating hours data from the CES.

Output: Business sector output is a chain-type, current-weighted index 
constructed after excluding from gross domestic product (GDP) the following
outputs: general government, nonprofit institutions, and private households
(including owner-occupied housing). Corresponding exclusions also are made in
labor inputs. Business output accounted for about 75 percent of the value of 
GDP in 2010. Nonfarm business, which excludes farming, accounted for about 74
percent of GDP in 2010.
     Annual indexes for manufacturing and its durable and nondurable goods
components are constructed by deflating current-dollar industry value of
production data from the U.S. Bureau of the Census with deflators from the 
BLS. These deflators are based on data from the BLS producer price program and
other sources. The industry shipments are aggregated using annual weights, and
intrasector transactions are removed. Quarterly manufacturing output measures
are based on the index of industrial production prepared monthly by the Board 
of Governors of the Federal Reserve System, adjusted to be consistent with
annual indexes of manufacturing sector output prepared by BLS. Durables 
include the following 3-digit NAICS industries: wood product manufacturing;
nonmetallic mineral product manufacturing; primary metal manufacturing; 
fabricated metal product manufacturing; machinery manufacturing; computer and
electronic product manufacturing; electrical equipment and appliance 
manufacturing; transportation equipment manufacturing; furniture and related
product manufacturing; and miscellaneous manufacturing. Nondurables include:
food manufacturing; beverage and tobacco product manufacturing; textile mills;
textile product mills; apparel manufacturing; leather and allied product 
manufacturing; paper manufacturing; printing and related support activities;
petroleum and coal products manufacturing; chemical manufacturing; and 
plastics and rubber products manufacturing.
     Nonfinancial corporate output is a chain-type, current-weighted index
calculated on the basis of the costs incurred and the incomes earned from 
production.  The output measure excludes the following outputs from GDP:
general government; nonprofit institutions; private households; unincorporated
business; and those corporations classified as offices of bank holding 
companies, offices of other holding companies, or offices in the finance and
insurance sector. Nonfinancial corporations accounted for about 48 percent of
the value of GDP in 2010.
     
Productivity: These productivity measures describe the relationship between
real output and the labor time involved in its production. They show the 
changes from period to period in the amount of goods and services produced per
hour. Although these measures relate output to hours at work of all persons 
engaged in a sector, they do not measure the specific contribution of labor,
capital, or any other factor of production. Rather, they reflect the joint 
effects of many influences, including changes in technology; capital 
investment; level of output; utilization of capacity, energy, and materials; 
the organization of production; managerial skill; and the characteristics and
effort of the work force.

Labor Compensation: The measure includes accrued wages and salaries, 
supplements, employer contributions to employee benefit plans, and taxes.
Estimates of labor compensation by major sector, required for measures of
hourly compensation and unit labor costs, are based primarily on employee
compensation data from the NIPA, prepared by the BEA. The compensation of 
employees in general government, nonprofit institutions and private households
are subtracted from compensation of domestic employees to derive employee
compensation for the business sector. The labor compensation of proprietors
cannot be explicitly identified and must be estimated. This is done by 
assuming that proprietors have the same hourly compensation as employees in 
the same sector. The quarterly labor productivity and cost measures do not
contain estimates of compensation for unpaid family workers.  
      
Unit Labor Costs: The measures of unit labor costs in this release describe 
the relationship between compensation per hour and productivity, or real 
output per hour, and can be used as an indicator of inflationary pressure on
producers. Increases in hourly compensation increase unit labor costs; labor 
productivity increases offset compensation increases and lower unit labor 
costs. 

Presentation of the data: The quarterly data in this release are presented in
three ways: as percent changes from the previous quarter presented at a 
compound annual rate, as percent changes from the corresponding quarter of the
previous year, and as index number series where 2005=100. Annual data are 
presented both as index number series and percent changes from the previous
year.  
	The index numbers and rates of change reported in the productivity and
costs news release are rounded to one decimal place. All percent changes in 
this release and on the BLS web site are calculated using index numbers to 
three decimal places. These index numbers are available at the BLS web site, 
www.bls.gov/data/home.htm, or by contacting the BLS Division of Major Sector
Productivity. (Telephone 202-691-5606 or email DPRWEB@BLS.GOV)
      
Information in this release will be made available to sensory-impaired 
individuals upon request. Voice phone: 202-691-5606; Federal Relay Service
number: 1-800-877-8339.






Table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
 Year        per hour               Hours      sation     sation      Unit      nonlabor   price
 and         of all                 of all     per hour   per hour    labor     payments   deflator
 quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL    0.2 r       2.2 r      2.0 r      2.5 r     -0.7 r      2.3 r      2.7 r      2.5 r

2011 IV        1.0 r       3.7 r      2.8 r      3.8 r      2.8 r      2.8 r     -2.5 r      0.5 r
     III       1.5         2.7        1.2 r      5.3 r      2.2 r      3.8 r      0.9 r      2.6  
     II       -0.1 r       1.7        1.8 r     -0.1 r     -4.0 r      0.1        6.8        2.9  
     I        -1.8 r       0.3        2.1 r      4.9 r     -0.3 r      6.8       -2.1 r      2.9  

2010 ANNUAL    4.0 r       3.9        0.0 r      1.9 r      0.3 r     -2.0        6.1        1.3  

2010 IV        1.3 r       3.2        1.9 r     -0.1 r     -2.7 r     -1.3        7.3        2.2  
     III       2.3 r       3.7        1.4 r      1.9 r      0.4 r     -0.4 r      3.2        1.1  
     II        1.2 r       4.7        3.5 r      2.5 r      3.0 r      1.3 r      2.8        1.9  
     I         4.2 r       5.1        0.9 r      1.1 r     -0.1 r     -2.9        9.1 r      1.8  

2009 ANNUAL    2.5 r      -4.9       -7.2 r      1.7 r      2.0       -0.8        3.1        0.7  

2009 IV        5.1 r       5.0       -0.1 r      1.0 r     -1.8 r     -3.9        9.0        1.1  
     III       6.9 r       1.8       -4.8 r      2.5 r     -1.1 r     -4.1 r      7.3        0.3  
     II        8.4 r      -1.0       -8.7 r      7.0 r      5.0 r     -1.3       -1.0       -1.2  
     I         1.4 r      -8.5       -9.8       -2.7       -0.4       -4.1       10.5        1.4  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL    0.2 r       2.2 r      2.0 r      2.5 r     -0.7 r      2.3 r      2.7 r      2.5 r

2011 IV        0.1 r       2.1 r      2.0 r      3.5 r      0.1 r      3.3 r      0.7 r      2.2 r
     III       0.2 r       2.0        1.8 r      2.5 r     -1.2 r      2.3 r      3.1 r      2.6  
     II        0.4 r       2.2        1.8 r      1.6 r     -1.7 r      1.2 r      3.7        2.3  
     I         0.7 r       3.0        2.2 r      2.3 r      0.1 r      1.5 r      2.8 r      2.0  

2010 ANNUAL    4.0 r       3.9        0.0 r      1.9 r      0.3 r     -2.0        6.1        1.3  

2010 IV        2.2 r       4.2        1.9 r      1.3 r      0.1 r     -0.9 r      5.6 r      1.8  
     III       3.2 r       4.6        1.4 r      1.6 r      0.4 r     -1.5        6.0        1.5  
     II        4.3 r       4.1       -0.2 r      1.8 r      0.0 r     -2.4        7.0        1.3  
     I         6.1 r       2.7       -3.3        2.9        0.5       -3.1        6.0        0.5  

2009 ANNUAL    2.5 r      -4.9       -7.2 r      1.7 r      2.0       -0.8        3.1        0.7  

2009 IV        5.4        -0.8       -5.9        1.9        0.4       -3.3        6.3        0.4  
     III       3.3        -5.1       -8.1        2.1 r      3.8 r     -1.2        1.8        0.0  
     II        1.4 r      -6.8       -8.1 r      2.3 r      3.3 r      0.9        0.5        0.8  
     I        -0.1        -6.5       -6.5 r      0.4 r      0.5        0.4        3.9 r      1.8  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL  110.1 r     104.7 r     95.1 r    118.5 r    102.9 r    107.6 r    119.5 r    112.3 r

2011 IV      110.7 r     106.1 r     95.9 r    120.1 r    103.4 r    108.5 r    119.4 r    112.8 r
     III     110.4 r     105.1       95.2 r    119.0 r    102.7 r    107.8 r    120.1 r    112.7  
     II      110.0 r     104.4       94.9 r    117.5 r    102.1 r    106.8 r    119.9 r    111.9  
     I       110.1 r     104.0       94.5 r    117.5 r    103.2 r    106.8 r    117.9 r    111.2  

2010 ANNUAL  109.9 r     102.5       93.3 r    115.7 r    103.6 r    105.2 r    116.3 r    109.6  

2010 IV      110.5 r     103.9       94.0 r    116.1 r    103.3 r    105.0 r    118.5 r    110.4  
     III     110.2 r     103.1       93.5 r    116.1 r    104.0 r    105.4 r    116.5 r    109.7  
     II      109.6 r     102.1       93.2 r    115.6 r    103.9 r    105.5 r    115.5 r    109.4  
     I       109.3 r     101.0       92.4 r    114.9 r    103.1 r    105.1 r    114.7 r    108.9  

2009 ANNUAL  105.7 r      98.7       93.3 r    113.5 r    103.3 r    107.4 r    109.6 r    108.3  

2009 IV      108.1 r      99.7       92.2 r    114.6 r    103.1 r    105.9 r    112.3 r    108.4  
     III     106.8 r      98.5       92.2 r    114.3 r    103.6 r    107.0 r    109.9 r    108.1  
     II      105.0 r      98.1       93.4 r    113.6 r    103.9 r    108.1 r    108.0 r    108.1  
     I       102.9 r      98.3       95.5 r    111.7 r    102.6 r    108.5 r    108.2 r    108.4  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 7, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices,
seasonally adjusted
                                                          Real
             Output                            Compen-    compen-               Unit       Implicit
 Year        per hour               Hours      sation     sation      Unit      nonlabor   price
 and         of all                 of all     per hour   per hour    labor     payments   deflator
 quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL    0.4 r       2.4        2.0 r      2.5 r     -0.7 r      2.0 r      2.2 r      2.1  

2011 IV        0.9 r       3.7 r      2.7 r      3.7 r      2.8 r      2.8 r     -1.9 r      0.8 r
     III       1.8 r       2.8        1.0 r      5.7 r      2.6 r      3.9 r      0.5 r      2.5  
     II       -0.3 r       1.8        2.2 r     -0.5 r     -4.4 r     -0.1        6.7        2.7  
     I        -1.0 r       0.9        1.9 r      5.1 r     -0.2 r      6.2       -3.1        2.2  

2010 ANNUAL    4.0 r       4.0        0.0 r      1.9 r      0.3 r     -2.0        5.7        1.1  

2010 IV        1.8 r       3.8        1.9 r      0.1 r     -2.5 r     -1.7 r      6.5 r      1.7  
     III       1.8 r       3.5        1.7 r      1.6 r      0.2 r     -0.2        2.0        0.7  
     II        1.2         4.6        3.3 r      2.6        3.2 r      1.4        3.0        2.0  
     I         4.5 r       5.2        0.6 r      1.3 r      0.1 r     -3.1        8.8        1.6  

2009 ANNUAL    2.3        -5.1       -7.2        1.7 r      2.1 r     -0.7        3.8        1.1  

2009 IV        5.3 r       5.6        0.2 r      1.0 r     -1.7 r     -4.1        7.7        0.5  
     III       6.4 r       1.4       -4.7 r      2.2 r     -1.4 r     -4.0 r      8.1        0.6  
     II        8.3 r      -1.1       -8.7 r      7.1 r      5.1 r     -1.1 r     -1.3       -1.2  
     I         1.3        -8.7       -9.9       -2.8 r     -0.5 r     -4.0       12.2 r      2.0  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL    0.4 r       2.4        2.0 r      2.5 r     -0.7 r      2.0 r      2.2 r      2.1  

2011 IV        0.3 r       2.3        1.9 r      3.5 r      0.2 r      3.1 r      0.5 r      2.0 r
     III       0.5 r       2.3        1.8 r      2.6 r     -1.2 r      2.0 r      2.6 r      2.2  
     II        0.6 r       2.5        1.9 r      1.6 r     -1.7 r      1.0        2.9        1.8  
     I         0.9 r       3.2        2.2 r      2.3 r      0.1 r      1.4        2.0        1.7  

2010 ANNUAL    4.0 r       4.0        0.0 r      1.9 r      0.3 r     -2.0        5.7        1.1  

2010 IV        2.3 r       4.3        1.9 r      1.4 r      0.2 r     -0.9        5.0        1.5  
     III       3.2 r       4.7        1.5 r      1.6 r      0.4 r     -1.5        5.4 r      1.2  
     II        4.4         4.2       -0.2 r      1.8 r      0.0 r     -2.5        6.9        1.2  
     I         6.1 r       2.7       -3.2        2.9        0.5       -3.1        5.7        0.4  

2009 ANNUAL    2.3        -5.1       -7.2        1.7 r      2.1 r     -0.7        3.8        1.1  

2009 IV        5.3        -0.9       -5.9        1.8        0.3       -3.3        6.5        0.5  
     III       3.1 r      -5.5       -8.3 r      2.1        3.8 r     -0.9        2.5        0.4  
     II        1.3 r      -7.1       -8.2        2.4        3.4        1.1        1.2        1.2  
     I        -0.1 r      -6.7       -6.6 r      0.4        0.5        0.5        5.0        2.2  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL  110.2 r     104.8 r     95.1 r    118.6 r    102.9 r    107.6 r    118.6 r    111.9 r

2011 IV      110.8 r     106.2 r     95.8 r    120.2 r    103.4 r    108.4 r    118.6 r    112.4 r
     III     110.6 r     105.2       95.2 r    119.1 r    102.7 r    107.7 r    119.1 r    112.2  
     II      110.1 r     104.5       94.9 r    117.4 r    102.1 r    106.7 r    119.0 r    111.5  
     I       110.2 r     104.0       94.4 r    117.6 r    103.2 r    106.7 r    117.1 r    110.8  

2010 ANNUAL  109.8 r     102.4       93.3 r    115.7 r    103.6 r    105.4 r    116.1 r    109.6  

2010 IV      110.5 r     103.8       94.0 r    116.1 r    103.3 r    105.1 r    118.0 r    110.2  
     III     110.0 r     102.9       93.5 r    116.1 r    103.9 r    105.6 r    116.2 r    109.7  
     II      109.5 r     102.0       93.1 r    115.6 r    103.9 r    105.6 r    115.6 r    109.5  
     I       109.1 r     100.8       92.4 r    114.9 r    103.1 r    105.3 r    114.7 r    109.0  

2009 ANNUAL  105.5 r      98.5       93.3 r    113.5 r    103.3 r    107.5 r    109.8 r    108.4  

2009 IV      107.9 r      99.6       92.3 r    114.5 r    103.1 r    106.1 r    112.3 r    108.5  
     III     106.5 r      98.2       92.2 r    114.2 r    103.5 r    107.2 r    110.3 r    108.4  
     II      104.9 r      97.9       93.3 r    113.6 r    103.9 r    108.3 r    108.1 r    108.2  
     I       102.8 r      98.2       95.5 r    111.7 r    102.6 r    108.6 r    108.5 r    108.6  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 7, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL        2.6 r          4.9            2.2 r          1.8 r         -1.3 r         -0.8 r

2011 IV           -0.1 r          4.8 r          4.9 r          1.9 r          1.0 r          2.0 r
     III           5.2 r          4.9 r         -0.3            3.2 r          0.2 r         -1.9 r
     II           -2.0 r          0.6            2.7           -2.1           -5.9 r          0.0  
     I             4.0 r          7.8            3.7 r          3.8 r         -1.4 r         -0.2  

2010 ANNUAL        6.0 r          6.0            0.0            1.6           -0.1 r         -4.2  

2010 IV            4.7 r          3.8           -0.8 r          2.0 r         -0.6 r         -2.5  
     III           1.6 r          5.6            4.0 r          1.1 r         -0.3 r         -0.5  
     II            5.7 r          9.2            3.3 r          4.3 r          4.8 r         -1.3  
     I             4.8 r          7.8            2.9 r         -2.6 r         -3.8 r         -7.1  

2009 ANNUAL        0.5          -12.5          -13.0            4.6 r          5.0 r          4.0  

2009 IV            6.9 r          6.5           -0.4 r          2.8 r          0.0 r         -3.9  
     III          12.7 r          7.5           -4.6 r          1.1 r         -2.5 r        -10.3  
     II            6.9 r        -10.1          -15.9 r          8.5 r          6.5 r          1.5  
     I            -1.2 r        -21.1          -20.1 r          0.7 r          3.1 r          1.9  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL        2.6 r          4.9            2.2 r          1.8 r         -1.3 r         -0.8 r

2011 IV            1.7            4.5 r          2.7 r          1.7 r         -1.6 r          0.0 r
     III           2.9 r          4.2 r          1.3 r          1.7 r         -2.0 r         -1.2 r
     II            2.0 r          4.4            2.4 r          1.2 r         -2.1 r         -0.8  
     I             3.9 r          6.6            2.5 r          2.8 r          0.6 r         -1.1  

2010 ANNUAL        6.0 r          6.0            0.0            1.6           -0.1 r         -4.2  

2010 IV            4.2            6.6            2.3            1.2            0.0           -2.9  
     III           4.7 r          7.3            2.4 r          1.3 r          0.1 r         -3.2  
     II            7.5            7.7            0.2            1.3 r         -0.4           -5.7  
     I             7.8            2.6           -4.8            2.4            0.0           -5.0  

2009 ANNUAL        0.5          -12.5          -13.0            4.6 r          5.0 r          4.0  

2009 IV            6.2           -5.1          -10.6            3.2            1.7           -2.8  
     III           2.7          -11.9          -14.2            4.8            6.6            2.0  
     II           -1.5 r        -16.5          -15.2 r          6.0 r          7.0 r          7.6  
     I            -4.7 r        -16.0          -11.8            4.1 r          4.3 r          9.2  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL      114.2 r         96.6 r         84.6 r        118.8 r        103.1 r        104.0 r

2011 IV          114.7 r         98.0 r         85.4 r        119.5 r        102.9 r        104.2 r
     III         114.8 r         96.9 r         84.4 r        118.9 r        102.6 r        103.6 r
     II          113.3 r         95.7           84.5 r        118.0 r        102.6 r        104.1 r
     I           113.9 r         95.6           83.9 r        118.6 r        104.2 r        104.1 r

2010 ANNUAL      111.3 r         92.0           82.7 r        116.6 r        104.4 r        104.8  

2010 IV          112.8 r         93.8           83.2 r        117.5 r        104.5 r        104.2 r
     III         111.5 r         92.9           83.3 r        116.9 r        104.7 r        104.8 r
     II          111.1 r         91.7           82.5 r        116.6 r        104.8 r        105.0 r
     I           109.6 r         89.7           81.9 r        115.4 r        103.6 r        105.3 r

2009 ANNUAL      104.9 r         86.8           82.7 r        114.8 r        104.5 r        109.4 r

2009 IV          108.3 r         88.0           81.3 r        116.2 r        104.6 r        107.3 r
     III         106.5 r         86.7           81.4 r        115.4 r        104.6 r        108.3 r
     II          103.4 r         85.1           82.3 r        115.1 r        105.2 r        111.3 r
     I           101.7 r         87.4           86.0 r        112.7 r        103.6 r        110.9 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 7, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL        4.1 r          8.2 r          3.9            1.4 r         -1.7 r         -2.6 r

2011 IV            0.8 r          8.5 r          7.6 r          0.6 r         -0.3 r         -0.2 r
     III           8.6 r          7.6 r         -0.9            4.0 r          0.9 r         -4.3 r
     II           -2.5 r          2.0            4.6 r         -4.5 r         -8.2 r         -2.1  
     I             6.7 r         13.7            6.6 r          4.2 r         -1.0 r         -2.3  

2010 ANNUAL        7.7            7.6           -0.1            2.1            0.5 r         -5.2  

2010 IV            5.1 r          5.7            0.5 r          2.0 r         -0.7 r         -3.0  
     III           1.4 r          8.3            6.8 r         -1.2 r         -2.6 r         -2.5  
     II           11.9 r         14.5            2.3 r          7.7 r          8.3 r         -3.7  
     I             6.4 r         10.2            3.6 r         -2.9 r         -4.1 r         -8.7  

2009 ANNUAL       -4.5 r        -19.3          -15.5            5.8 r          6.2 r         10.8  

2009 IV            5.8 r          5.9            0.1 r          3.3 r          0.5 r         -2.3  
     III          17.7 r         10.3           -6.3 r          0.6 r         -2.9 r        -14.5  
     II            2.6 r        -18.8          -20.9 r         12.2 r         10.1 r          9.3  
     I            -9.8 r        -31.2          -23.8 r          3.4 r          5.9 r         14.6  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL        4.1 r          8.2 r          3.9            1.4 r         -1.7 r         -2.6 r

2011 IV            3.3 r          7.9 r          4.4 r          1.0 r         -2.2 r         -2.2 r
     III           4.4            7.2            2.6 r          1.4 r         -2.3 r         -2.9 r
     II            2.6 r          7.3            4.6 r          0.1 r         -3.2 r         -2.5  
     I             6.2           10.5            4.0            3.1 r          0.9 r         -2.9  

2010 ANNUAL        7.7            7.6           -0.1            2.1            0.5 r         -5.2  

2010 IV            6.2 r          9.6            3.3 r          1.3            0.1           -4.5  
     III           6.3            9.7            3.2            1.7            0.5 r         -4.4  
     II           10.4           10.2           -0.2            2.1            0.3           -7.5  
     I             8.0            1.1           -6.4            3.2            0.8           -4.5  

2009 ANNUAL       -4.5 r        -19.3          -15.5            5.8 r          6.2 r         10.8  

2009 IV            3.6          -10.1          -13.3            4.8            3.3            1.1  
     III          -2.5          -18.9          -16.8            5.9            7.7            8.7  
     II           -7.6 r        -24.4          -18.2 r          7.5 r          8.6 r         16.4  
     I           -10.4 r        -22.5          -13.5 r          4.7 r          4.9 r         16.9  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL      113.5 r         94.5 r         83.2 r        119.8 r        104.0 r        105.5 r

2011 IV          114.7 r         96.9 r         84.5 r        120.2 r        103.5 r        104.8 r
     III         114.5 r         95.0 r         83.0 r        120.0 r        103.5 r        104.8 r
     II          112.1 r         93.2           83.2 r        118.8 r        103.3 r        106.0 r
     I           112.8 r         92.8           82.2 r        120.2 r        105.5 r        106.5 r

2010 ANNUAL      109.0 r         87.3           80.1 r        118.1 r        105.8 r        108.3 r

2010 IV          111.0 r         89.8           80.9 r        119.0 r        105.8 r        107.1  
     III         109.6 r         88.6           80.8 r        118.4 r        106.0 r        108.0 r
     II          109.3 r         86.9           79.5 r        118.7 r        106.7 r        108.7 r
     I           106.2           84.0           79.0          116.5          104.6          109.7  

2009 ANNUAL      101.2 r         81.2           80.2 r        115.7 r        105.3 r        114.3  

2009 IV          104.6 r         82.0           78.4 r        117.4 r        105.7 r        112.2 r
     III         103.1 r         80.8           78.3 r        116.4 r        105.5 r        112.9 r
     II           99.0 r         78.8           79.6 r        116.2 r        106.3 r        117.4 r
     I            98.4 r         83.0           84.4 r        112.9 r        103.8 r        114.8  
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 7, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs,
seasonally adjusted
                                                                              Real
                 Output                                        Compen-        compen-
 Year            per hour                      Hours           sation         sation         Unit
 and             of all                        of all          per hour       per hour       labor
 quarter         persons        Output         persons           (1)            (2)          costs
---------------------------------------------------------------------------------------------------
                      Percent change from previous quarter at annual rate(5)

2011 ANNUAL        2.1 r          1.7           -0.4 r          2.3 r         -0.9            0.2 r

2011 IV            0.5 r          1.2 r          0.7 r          3.8 r          2.8 r          3.3 r
     III           1.5 r          2.2 r          0.7 r          1.9 r         -1.1 r          0.5 r
     II           -0.5 r         -0.9           -0.4 r          2.3 r         -1.7 r          2.7  
     I             2.9 r          2.1           -0.8 r          2.3 r         -2.8 r         -0.6  

2010 ANNUAL        3.7 r          3.9            0.2 r          0.6 r         -1.0 r         -3.0  

2010 IV            4.9 r          2.0           -2.8 r          1.8 r         -0.9 r         -3.0  
     III           3.2 r          2.8           -0.4 r          4.6 r          3.2 r          1.4  
     II           -0.9 r          4.0            4.9 r         -1.4 r         -0.9 r         -0.5  
     I             3.5 r          5.4            1.9 r         -2.3 r         -3.5 r         -5.6  

2009 ANNUAL        2.4 r         -6.6           -8.7            2.9            3.3 r          0.5  

2009 IV            7.5 r          6.2           -1.2 r          1.7 r         -1.1 r         -5.4  
     III           5.0 r          3.0           -1.9 r          2.3 r         -1.3 r         -2.6  
     II            4.9 r         -2.5           -7.0 r          3.3 r          1.4 r         -1.5  
     I             2.8          -11.2          -13.5 r         -3.4 r         -1.1 r         -6.0  
---------------------------------------------------------------------------------------------------
                    Percent change from corresponding quarter of previous year

2011 ANNUAL        2.1 r          1.7           -0.4 r          2.3 r         -0.9            0.2 r

2011 IV            1.1 r          1.1 r          0.0 r          2.6 r         -0.7 r          1.5 r
     III           2.2 r          1.3 r         -0.9 r          2.1 r         -1.6 r         -0.1 r
     II            2.6 r          1.5           -1.1 r          2.7 r         -0.6 r          0.1  
     I             2.5 r          2.7            0.2 r          1.8 r         -0.4 r         -0.7  

2010 ANNUAL        3.7 r          3.9            0.2 r          0.6 r         -1.0 r         -3.0  

2010 IV            2.7 r          3.5            0.9 r          0.6 r         -0.6 r         -2.0  
     III           3.3 r          4.6            1.3 r          0.6 r         -0.6 r         -2.6  
     II            3.7 r          4.6            0.9 r          0.0 r         -1.7           -3.6  
     I             5.2            3.0           -2.1            1.2           -1.1           -3.8  

2009 ANNUAL        2.4 r         -6.6           -8.7            2.9            3.3 r          0.5  

2009 IV            5.0           -1.3           -6.1 r          0.9           -0.5           -3.9  
     III           4.5           -5.8           -9.8            3.5            5.2           -1.0  
     II            1.1 r         -9.1          -10.0 r          3.9 r          4.9 r          2.8  
     I            -1.0           -9.7           -8.9 r          3.3            3.5 r          4.3  
---------------------------------------------------------------------------------------------------
                                         Indexes 2005=100

2011 ANNUAL      110.7 r         96.2 r         86.9 r        117.2 r        101.7 r        105.9 r

2011 IV          110.9 r         96.6 r         87.1 r        118.5 r        102.0 r        106.8 r
     III         110.8 r         96.3 r         87.0 r        117.4 r        101.3 r        105.9 r
     II          110.4 r         95.8           86.8 r        116.8 r        101.6 r        105.8 r
     I           110.5 r         96.0           86.9 r        116.2 r        102.0 r        105.1 r

2010 ANNUAL      108.4 r         94.6           87.3 r        114.6 r        102.6 r        105.7 r

2010 IV          109.7 r         95.5           87.1 r        115.5 r        102.7 r        105.3 r
     III         108.4 r         95.1           87.7 r        115.0 r        103.0 r        106.1 r
     II          107.6 r         94.4           87.8 r        113.7 r        102.2 r        105.7 r
     I           107.8 r         93.5           86.7 r        114.1 r        102.4 r        105.9 r

2009 ANNUAL      104.5 r         91.1           87.2 r        113.9 r        103.6 r        109.0  

2009 IV          106.9 r         92.3           86.3 r        114.8 r        103.3 r        107.4  
     III         105.0 r         90.9           86.6 r        114.3 r        103.6 r        108.9 r
     II          103.7 r         90.2           87.0 r        113.7 r        104.0 r        109.6 r
     I           102.5 r         90.8           88.6 r        112.7 r        103.6 r        110.0 r
---------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                      March 7, 2012
r=revised                                                        Source: Bureau of Labor Statistics



Table 6. Nonfinancial corporate sector: Productivity, hourly compensation, unit labor costs, unit profits,
and prices, seasonally adjusted
                                                     Real               Unit
              Output                       Hourly    hourly             non-      Total   Unit   Implicit
 Year         per all-                     compen-   compen-   Unit     labor     unit    pro-   price
 and          employee          Employee   sation    sation    labor    costs     cost    fits   deflator
 quarter      hour     Output   hours       (1)       (2)      costs     (6)      (7)     (8)      (4)
---------------------------------------------------------------------------------------------------------
                         Percent change from previous quarter at annual rate(5)

2011 III      -2.8 r    -0.8      2.0 r     0.2 r    -2.8 r     3.0      3.5      3.1      7.7      3.8  
     II        2.9 r     6.1      3.1 r     0.5 r    -3.4 r    -2.3     -1.8     -2.2     28.9      1.8  
     I         1.8 r     4.5      2.6 r     4.0 r    -1.2 r     2.2      0.7      1.7      3.7      2.0  

2010 ANNUAL    4.7 r     4.9      0.2 r     1.8 r     0.2 r    -2.7     -9.2     -4.6     41.3     -0.1  

2010 IV       -3.7 r    -1.5      2.3 r    -0.8 r    -3.4 r     3.0      1.9      2.7     -0.7      2.2  
     III      -0.5 r     2.1      2.6 r     2.3 r     0.9 r     2.9     -4.4      0.8     13.5      2.5  
     II       -1.4 r     2.6      4.0 r     1.6 r     2.2 r     3.0     -7.5     -0.1     10.5      1.3  
     I         8.7 r    10.2      1.3 r     0.8 r    -0.5 r    -7.3    -14.7     -9.5    102.7     -0.1  

2009 ANNUAL    0.5      -7.4     -7.8       2.1 r     2.5 r     1.5      6.5      3.0     -8.2      1.8  

2009 IV        9.5 r     9.1     -0.4 r     1.4 r    -1.3 r    -7.4     -9.7     -8.1     75.4     -1.6  
     III       7.9 r     2.7     -4.8 r     2.8 r    -0.9 r    -4.8    -12.6     -7.1     54.4     -2.7  
     II        6.2 r    -4.5    -10.1 r     7.9 r     5.9 r     1.6     -2.0      0.5    -27.2     -2.4  
     I        -9.6     -20.0    -11.5      -6.3      -4.1 r     3.7     23.5      9.2    -28.5      4.8  
---------------------------------------------------------------------------------------------------------
                       Percent change from corresponding quarter of previous year

2011 III      -0.5 r     2.0      2.5 r     1.0 r    -2.7 r     1.4      1.0      1.3      9.3      2.4  
     II        0.1 r     2.8      2.6 r     1.5 r    -1.8 r     1.4     -0.9      0.7     10.8      2.1  
     I        -1.0 r     1.9      2.9 r     1.8 r    -0.4 r     2.8     -2.4      1.3      6.6      2.0  

2010 ANNUAL    4.7 r     4.9      0.2 r     1.8 r     0.2 r    -2.7     -9.2     -4.6     41.3     -0.1  

2010 IV        0.7 r     3.3      2.6 r     1.0 r    -0.2 r     0.3     -6.4     -1.7     26.1      1.5  
     III       3.9 r     5.9      1.9 r     1.5 r     0.3 r    -2.3     -9.2     -4.3     45.3      0.5  
     II        6.1 r     6.1      0.0 r     1.6 r    -0.1 r    -4.2    -11.2     -6.3     56.9     -0.8  
     I         8.1       4.2     -3.6       3.2       0.8      -4.5     -9.9     -6.1     41.4     -1.7  

2009 ANNUAL    0.5      -7.4     -7.8       2.1 r     2.5 r     1.5      6.5      3.0     -8.2      1.8  

2009 IV        3.2      -3.8     -6.8       1.3      -0.2 r    -1.8     -1.1     -1.6      8.9     -0.5  
     III       0.0      -8.8     -8.8       2.5       4.2 r     2.5      6.2      3.6    -18.1      1.0  
     II        0.0 r    -8.8     -8.8 r     2.9       3.9       2.9     10.0      4.9    -15.2      2.8  
     I        -1.1 r    -8.0     -6.9       1.5       1.7 r     2.7     11.4      5.1     -7.0      3.9  
---------------------------------------------------------------------------------------------------------
                                            Indexes 2005=100

2011 III     107.8 r   103.0     95.5 r   117.2 r   101.1 r   108.7    109.8    109.0    132.8    112.0  
     II      108.6 r   103.2     95.0 r   117.1 r   101.8 r   107.9    108.8    108.1    130.4    111.0  
     I       107.8 r   101.7     94.3 r   117.0 r   102.7 r   108.5    109.3    108.7    122.4    110.5  

2010 ANNUAL  108.2 r   100.4     92.8 r   115.6 r   103.5 r   106.8    109.9    107.6    118.8    109.0  

2010 IV      107.3 r   100.6     93.7 r   115.8 r   103.0 r   107.9    109.1    108.3    121.2    109.9  
     III     108.3 r   100.9     93.2 r   116.1 r   103.9 r   107.1    108.6    107.6    121.5    109.3  
     II      108.5 r   100.4     92.6 r   115.4 r   103.7 r   106.4    109.9    107.3    117.7    108.6  
     I       108.9 r    99.8     91.7 r   114.9 r   103.1 r   105.6    112.0    107.4    114.8    108.3  

2009 ANNUAL  103.4 r    95.8     92.6 r   113.5 r   103.3 r   109.7    121.0    112.8     84.1    109.2  

2009 IV      106.6 r    97.4     91.4 r   114.7 r   103.3 r   107.6    116.6    110.1     96.2    108.3  
     III     104.2 r    95.3     91.4 r   114.3 r   103.6 r   109.7    119.6    112.4     83.6    108.8  
     II      102.3 r    94.7     92.6 r   113.5 r   103.8 r   111.0    123.7    114.5     75.0    109.5  
     I       100.7 r    95.8     95.1 r   111.4 r   102.4 r   110.6    124.3    114.4     81.2    110.2  
---------------------------------------------------------------------------------------------------------
See footnotes following Table 6.                                                            March 7, 2012
r=revised                                                              Source: Bureau of Labor Statistics



SOURCES: Output data are from the Bureau of Economic Analysis and the 
Census Bureau of the U.S. Department of Commerce; the Bureau of Labor 
Statistics, U.S. Department of Labor; and the Federal Reserve Board.  
Compensation and hours data are from the Bureau of Labor Statistics and 
the Bureau of Economic Analysis.

RELIABILITY: Productivity and cost measures are regularly revised as 
more complete information becomes available.  The measures are first 
published within 40 days of the close of the reference period; revisions 
appear 30 days later, and second revisions after an additional 60 days.  
In the business sector, the third publication (second revision) of a 
quarterly index of output per hour of all persons has differed from the 
initial value by between -1.7 and 1.5 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 third quarter of 
2011.

			Table Footnotes

(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 1978-2010 is based on the 
Consumer Price Index research series (CPI-U-RS).

(3) Unit nonlabor payments include profits, consumption of fixed 
capital, taxes on production and imports less subsidies, net interest 
and miscellaneous payments, business current transfer payments, rental 
income of persons, and the current surplus of government enterprises.

(4) Current dollar output divided by the output index.

(5) Quarterly changes: Percent change compounded at annual rate is 
calculated using index numbers to three decimal places. Indexes 
published in the news release are rounded to one decimal place for 
convenience. Annual changes: Percent change is calculated using annual 
average indexes to three decimal places.

(6) Unit nonlabor costs include consumption of fixed capital, taxes on 
production and imports less subsidies, net interest and miscellaneous 
payments, and business current transfer payments.

(7) Total unit costs are the sum of unit labor and nonlabor costs.

(8) Unit profits include corporate profits before tax with 
inventory valuation and capital consumption adjustments.



Appendix table 1.
 Business sector: Revised productivity, hourly compensation, unit labor costs, and prices,
 seasonally adjusted
                                                           Real
              Output                            Compen-    compen-               Unit       Implicit
  Year        per hour               Hours      sation     sation      Unit      nonlabor   price
  and         of all                 of all     per hour   per hour    labor     payments   deflator
  quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2008 ANNUAL    0.7        -1.3       -2.0        3.3       -0.5        2.6        0.6        1.8  

 2008 IV       -3.1       -12.0       -9.2        1.8       12.1        5.0       -8.6       -0.5  
      III      -0.9 r      -5.4       -4.5 r      3.3 r     -2.9 r      4.3        2.2 r      3.5  
      II        2.5 r       0.2       -2.2 r     -0.8 r     -5.8 r     -3.2       13.2        2.9  
      I        -2.2 r      -3.1       -1.0 r      5.6 r      0.9 r      8.0       -7.7        1.5  

 2007 ANNUAL    1.5         2.0        0.5        4.1        1.2        2.6        2.6        2.6  

 2007 IV        1.5 r       1.3       -0.2 r      5.5 r      0.6 r      3.9       -2.7        1.2  
      III       4.8         3.1       -1.6 r      3.1 r      0.6 r     -1.6 r      4.4        0.7  
      II        4.2 r       4.5        0.3 r      2.7 r     -2.0 r     -1.4        9.5 r      2.8  
      I        -0.5 r      -0.3        0.2 r      3.7 r     -0.1 r      4.2        4.9        4.5  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2008 ANNUAL    0.7        -1.3       -2.0        3.3       -0.5        2.6        0.6        1.8  

 2008 IV       -1.0        -5.2       -4.3        2.4        0.9        3.4       -0.6        1.8  
      III       0.2        -1.8       -2.0        3.4       -1.8        3.2        0.9        2.3  
      II        1.6         0.4       -1.2        3.3       -1.0        1.7        1.5        1.6  
      I         2.0 r       1.4       -0.6        4.2        0.0 r      2.1        0.7        1.6  

 2007 ANNUAL    1.5         2.0        0.5        4.1        1.2        2.6        2.6        2.6  

 2007 IV        2.5         2.1       -0.3        3.8 r     -0.2        1.2        3.9        2.3  
      III       2.7         2.8        0.1        4.7 r      2.3 r      1.9        2.8        2.3  
      II        0.9 r       1.9        1.0        4.2        1.5        3.3        2.1        2.8  
      I        -0.1 r       1.2        1.2        3.8 r      1.4        3.9        1.5        3.0  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2005=100

 2008 ANNUAL  103.2 r     103.7      100.5 r    111.7 r    101.2 r    108.2 r    106.3 r    107.5  

 2008 IV      102.6 r     100.5       98.0 r    112.4 r    102.7 r    109.6 r    105.6      108.0  
      III     103.4 r     103.8      100.4 r    111.9 r     99.8 r    108.3 r    108.0 r    108.2  
      II      103.6 r     105.3      101.6 r    111.0 r    100.6 r    107.1 r    107.4 r    107.2  
      I       103.0 r     105.2      102.1 r    111.3 r    102.1 r    108.0 r    104.1 r    106.5  

 2007 ANNUAL  102.4 r     105.1      102.6 r    108.1 r    101.8 r    105.5 r    105.6 r    105.6  

 2007 IV      103.6 r     106.0      102.4 r    109.8 r    101.8 r    106.0 r    106.3      106.1  
      III     103.2 r     105.7      102.4 r    108.3 r    101.7 r    104.9 r    107.0 r    105.8  
      II      102.0 r     104.9      102.8 r    107.5 r    101.5 r    105.4 r    105.8 r    105.6  
      I       100.9 r     103.7      102.8 r    106.8 r    102.0 r    105.8 r    103.5 r    104.8  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 7, 2012
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 2.
 Nonfarm business sector: Revised productivity, hourly compensation, unit labor costs, and prices,
 seasonally adjusted
                                                           Real
              Output                            Compen-    compen-               Unit       Implicit
  Year        per hour               Hours      sation     sation      Unit      nonlabor   price
  and         of all                 of all     per hour   per hour    labor     payments   deflator
  quarter     persons     Output     persons      (1)        (2)       costs       (3)        (4)
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2008 ANNUAL    0.6        -1.5       -2.1        3.4       -0.4        2.8        0.4        1.8  

 2008 IV       -3.4       -12.7       -9.7        2.1       12.5        5.7       -7.8        0.2  
      III      -0.8 r      -5.2       -4.4 r      3.4 r     -2.8 r      4.3        2.9        3.7  
      II        2.4 r       0.4       -2.0 r     -1.1 r     -6.1 r     -3.4 r     14.3        3.1  
      I        -2.6 r      -3.6       -1.1 r      5.9 r      1.2 r      8.7       -9.0        1.5  

 2007 ANNUAL    1.5         2.1        0.5 r      4.0        1.1        2.4        2.1        2.3  

 2007 IV        1.9 r       0.9       -1.0 r      6.4 r      1.5 r      4.3 r     -3.8        1.0  
      III       4.8 r       3.4       -1.4 r      2.8 r      0.3 r     -1.9        4.0        0.4  
      II        3.4 r       4.7        1.2 r      1.5 r     -3.1 r     -1.8 r     10.0        2.6  
      I        -0.2 r      -0.2        0.1 r      3.7 r     -0.1 r      4.0        4.3        4.1  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2008 ANNUAL    0.6        -1.5       -2.1        3.4       -0.4        2.8        0.4        1.8  

 2008 IV       -1.1        -5.4       -4.4        2.5        1.0        3.7       -0.3        2.1  
      III       0.2 r      -1.9       -2.1 r      3.6       -1.6        3.4        0.7        2.3  
      II        1.6         0.2       -1.3        3.4       -0.8        1.8        1.0        1.5  
      I         1.9         1.3       -0.5 r      4.1       -0.1 r      2.2        0.0        1.4  

 2007 ANNUAL    1.5         2.1        0.5 r      4.0        1.1        2.4        2.1        2.3  

 2007 IV        2.5         2.2       -0.3        3.6       -0.4        1.1        3.5        2.0  
      III       2.7 r       3.0        0.3        4.4        2.0        1.7        2.4        2.0  
      II        0.9         2.1        1.1 r      4.0        1.3        3.1        1.6 r      2.5  
      I         0.2         1.2        1.0        4.1        1.6 r      3.9        1.0        2.7  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2005=100

 2008 ANNUAL  103.1 r     103.7      100.6 r    111.6 r    101.2 r    108.2 r    105.8 r    107.3  

 2008 IV      102.5 r     100.4       98.0 r    112.4 r    102.7 r    109.7 r    105.4 r    108.0  
      III     103.4 r     103.9      100.5 r    111.9 r     99.7 r    108.2 r    107.6      108.0  
      II      103.6 r     105.3      101.7 r    110.9 r    100.5 r    107.1 r    106.8 r    107.0  
      I       103.0 r     105.2      102.2 r    111.2 r    102.1 r    108.0 r    103.3 r    106.2  

 2007 ANNUAL  102.5 r     105.3      102.7 r    107.9 r    101.6 r    105.3      105.4 r    105.4  

 2007 IV      103.6 r     106.2      102.5 r    109.7 r    101.7 r    105.8 r    105.8 r    105.8  
      III     103.2 r     105.9      102.7 r    108.0 r    101.4 r    104.7 r    106.8 r    105.5  
      II      101.9 r     105.1      103.1 r    107.2 r    101.3 r    105.2 r    105.8 r    105.4  
      I       101.1 r     103.9      102.7 r    106.8 r    102.1 r    105.7 r    103.3 r    104.7  
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 7, 2012
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 3.
 Manufacturing sector: Revised productivity, hourly compensation, and unit labor costs,
 seasonally adjusted
                                                                              Real
                  Output                                       Compen-        compen-
  Year            per hour                      Hours          sation         sation          Unit
  and             of all                        of all         per hour       per hour        labor
  quarter         persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2008 ANNUAL       -0.5           -4.4           -4.0            4.3            0.4            4.8  

 2008 IV           -6.4 r        -21.0          -15.6 r          9.4 r         20.5 r         16.9  
      III          -4.8 r        -13.2           -8.8 r          5.6 r         -0.8 r         10.9  
      II           -6.3 r         -7.8           -1.6 r          0.9 r         -4.1 r          7.7  
      I             0.6 r         -1.5           -2.1 r          5.4 r          0.7 r          4.7  

 2007 ANNUAL        3.9            2.2           -1.7            3.2            0.4           -0.7  

 2007 IV            5.2 r          0.6           -4.3 r          8.3 r          3.4 r          3.0  
      III           3.2 r          0.8           -2.3 r          0.6 r         -1.9 r         -2.5  
      II            3.8 r          4.7            0.9 r         -1.2 r         -5.8 r         -4.9  
      I             4.7 r          4.2           -0.5 r          3.4 r         -0.5 r         -1.3  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2008 ANNUAL       -0.5           -4.4           -4.0            4.3            0.4            4.8  

 2008 IV           -4.3 r        -11.2           -7.2 r          5.3            3.7           10.0  
      III          -1.4           -5.6           -4.2 r          5.0           -0.2            6.6  
      II            0.6           -2.0           -2.6            3.8           -0.5            3.2  
      I             3.2            1.2           -2.0            3.2           -0.9 r          0.0  

 2007 ANNUAL        3.9            2.2           -1.7            3.2            0.4           -0.7  

 2007 IV            4.2            2.6           -1.6            2.7           -1.2           -1.5  
      III           4.1 r          2.5           -1.5 r          3.3 r          0.9 r         -0.8  
      II            4.2            2.4           -1.7            3.6            0.8 r         -0.6  
      I             3.1 r          1.2           -1.9 r          3.4 r          0.9 r          0.2  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2005=100

 2008 ANNUAL      104.3 r         99.2           95.1 r        109.8 r         99.6 r        105.2  

 2008 IV          102.0 r         92.7           90.9 r        112.5 r        102.8 r        110.4 r
      III         103.7 r         98.4           94.9 r        110.0 r         98.1 r        106.2 r
      II          104.9 r        101.9           97.1 r        108.6 r         98.3 r        103.4 r
      I           106.7 r        104.0           97.5 r        108.3 r         99.4 r        101.5 r

 2007 ANNUAL      104.8 r        103.8           99.1 r        105.3 r         99.1 r        100.4  

 2007 IV          106.5 r        104.4           98.0 r        106.9 r         99.2 r        100.4  
      III         105.2 r        104.2           99.1 r        104.8 r         98.4 r         99.6 r
      II          104.3 r        104.0           99.7 r        104.6 r         98.8 r        100.3 r
      I           103.4 r        102.8           99.5 r        104.9 r        100.3 r        101.5 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 7, 2012
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 4.
 Durable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs
 seasonally adjusted
                                                                              Real
                  Output                                       Compen-        compen-
  Year            per hour                      Hours          sation         sation          Unit
  and             of all                        of all         per hour       per hour        labor
  quarter         persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2008 ANNUAL       -1.5           -5.7           -4.2            3.1           -0.7            4.7  

 2008 IV          -17.2 r        -29.9          -15.3 r          7.9 r         18.8 r         30.2 r
      III          -5.1 r        -16.6          -12.1 r          6.9 r          0.4 r         12.6  
      II           -9.3 r        -10.6           -1.4 r          0.8 r         -4.2 r         11.2  
      I            -0.8 r         -1.2           -0.4 r          0.8 r         -3.6 r          1.7  

 2007 ANNUAL        5.3 r          3.2           -2.0            3.8            0.9           -1.5  

 2007 IV            8.2 r          1.6           -6.0 r          8.4 r          3.4 r          0.2  
      III           2.6 r          0.6           -1.9 r          1.1 r         -1.4 r         -1.4  
      II            7.1 r          8.2            1.1 r         -2.9 r         -7.4 r         -9.4  
      I             7.6 r          6.1           -1.5 r          5.5 r          1.6 r         -2.0  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2008 ANNUAL       -1.5           -5.7           -4.2            3.1           -0.7            4.7  

 2008 IV           -8.3          -15.2           -7.5 r          4.1            2.5           13.5  
      III          -2.0           -7.0           -5.1            4.2           -1.0            6.3  
      II           -0.1           -2.5           -2.5 r          2.7           -1.5            2.8  
      I             4.2            2.2           -1.9 r          1.8           -2.3           -2.3  

 2007 ANNUAL        5.3 r          3.2           -2.0            3.8            0.9           -1.5  

 2007 IV            6.3 r          4.1           -2.1            2.9 r         -1.0           -3.2  
      III           5.3 r          3.7           -1.5            4.0 r          1.6 r         -1.2  
      II            5.8            3.4           -2.2 r          4.1            1.4           -1.6  
      I             4.0 r          1.7           -2.2            4.0 r          1.6 r          0.0  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2005=100

 2008 ANNUAL      106.0 r        100.6           94.9 r        109.4 r         99.2 r        103.2 r

 2008 IV          100.9 r         91.2           90.4 r        112.0 r        102.3 r        111.0 r
      III         105.8 r         99.7           94.2 r        109.9 r         98.0 r        103.9 r
      II          107.2 r        104.3           97.3 r        108.1 r         97.9 r        100.9  
      I           109.8 r        107.2           97.6 r        107.9 r         99.0 r         98.2 r

 2007 ANNUAL      107.6 r        106.6           99.1 r        106.1 r         99.9 r         98.5 r

 2007 IV          110.1 r        107.6           97.7 r        107.6 r         99.9 r         97.8 r
      III         107.9 r        107.1           99.3 r        105.5 r         99.0 r         97.8 r
      II          107.2 r        107.0           99.7 r        105.2 r         99.4 r         98.1 r
      I           105.4 r        104.9           99.5 r        106.0 r        101.3 r        100.5 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 7, 2012
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 5.
 Nondurable manufacturing sector: Revised productivity, hourly compensation, and unit labor costs
 seasonally adjusted
                                                                              Real
                  Output                                       Compen-        compen-
  Year            per hour                      Hours          sation         sation          Unit
  and             of all                        of all         per hour       per hour        labor
  quarter         persons        Output         persons          (1)            (2)           costs
 ----------------------------------------------------------------------------------------------------
                       Percent change from previous quarter at annual rate(5)

 2008 ANNUAL        0.1           -3.5           -3.6            6.6            2.6            6.5  

 2008 IV            5.4 r        -11.6          -16.1 r         12.3 r         23.7 r          6.6  
      III          -8.1 r        -10.8           -2.9 r          3.8 r         -2.5 r         13.0  
      II           -3.3 r         -5.3           -2.1 r          1.1 r         -3.9 r          4.6  
      I             3.1 r         -2.0           -4.9 r         14.3 r          9.3 r         10.9  

 2007 ANNUAL        2.1            1.1           -1.1            2.2 r         -0.6            0.1  

 2007 IV            0.7 r         -0.5           -1.2 r          8.7 r          3.7 r          7.9  
      III           4.3 r          1.1           -3.0 r         -0.5 r         -3.0 r         -4.6  
      II            0.4 r          0.9            0.5 r          2.1 r         -2.6 r          1.7  
      I             1.1 r          2.2            1.1 r         -0.5 r         -4.2 r         -1.5  
 ----------------------------------------------------------------------------------------------------
                     Percent change from corresponding quarter of previous year

 2008 ANNUAL        0.1           -3.5           -3.6            6.6            2.6            6.5  

 2008 IV           -0.9 r         -7.5           -6.7            7.7 r          6.1 r          8.7  
      III          -2.0           -4.7           -2.8            6.9            1.5            9.1  
      II            1.1 r         -1.7           -2.8 r          5.7 r          1.4            4.5  
      I             2.1           -0.1           -2.2            6.0            1.7            3.8  

 2007 ANNUAL        2.1            1.1           -1.1            2.2 r         -0.6            0.1  

 2007 IV            1.6 r          1.0           -0.6            2.4 r         -1.6            0.8  
      III           2.8 r          1.3           -1.4            1.8           -0.5           -0.9  
      II            2.1            1.3           -0.7            2.6           -0.1            0.5  
      I             2.1 r          0.7           -1.4 r          2.2           -0.2            0.1  
 ----------------------------------------------------------------------------------------------------
                                          Indexes 2005=100

 2008 ANNUAL      102.1 r         97.5           95.5 r        110.6 r        100.3 r        108.4 r

 2008 IV          101.8 r         93.5           91.9 r        113.7 r        103.9 r        111.7  
      III         100.4 r         96.5           96.0 r        110.4 r         98.5 r        110.0 r
      II          102.6 r         99.2           96.7 r        109.4 r         99.1 r        106.7 r
      I           103.5 r        100.6           97.2 r        109.1 r        100.1 r        105.5 r

 2007 ANNUAL      102.0 r        101.0           99.0 r        103.8 r         97.8 r        101.8  

 2007 IV          102.7 r        101.1           98.5 r        105.5 r         97.9 r        102.8 r
      III         102.5 r        101.2           98.8 r        103.4 r         97.0 r        100.8 r
      II          101.4 r        100.9           99.5 r        103.5 r         97.8 r        102.0 r
      I           101.3 r        100.7           99.4 r        103.0 r         98.4 r        101.6 r
 ---------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                      March 7, 2012
 r=revised                                                        Source: Bureau of Labor Statistics




Appendix table 6.
 Nonfinancial corporate sector: Revised productivity, hourly compensation, unit labor costs, unit profits,
 and prices, seasonally adjusted
                                                      Real               Unit
              Output                        Hourly    hourly             non-      Total   Unit   Implicit
  Year        per all-                      compen-   compen-   Unit     labor     unit    pro-   price
  and         employee           Employee   sation    sation    labor    costs     cost    fits   deflator
  quarter     hour      Output   hours       (1)       (2)      costs     (6)      (7)     (8)      (4)
 ----------------------------------------------------------------------------------------------------------
                          Percent change from previous quarter at annual rate(5)

 2008 ANNUAL    0.3 r    -1.4     -1.7       3.6      -0.2       3.3      4.1      3.5     -8.4      2.1  

 2008 IV       -3.4     -11.8     -8.7       6.3      17.0      10.0     20.4     13.0    -44.1      4.5  
      III       8.0 r     2.9     -4.7 r     4.5 r    -1.8 r    -3.2      0.6     -2.1     77.5      4.6  
      II        1.4 r    -1.1     -2.5 r     2.0 r    -3.1 r     0.6      2.9      1.2      5.3      1.7  
      I        -4.9 r    -5.0     -0.1 r     2.2 r    -2.3 r     7.6      0.4      5.5    -23.3      1.9  

 2007 ANNUAL    0.6       1.0      0.3       3.9       1.1       3.3      6.0      4.0    -10.4      2.1  

 2007 IV        5.1 r     5.0     -0.1 r     6.8 r     1.9 r     1.6      2.5      1.8     -4.4      1.1  
      III      -3.1 r    -3.6     -0.6 r     2.6 r     0.1 r     5.9     11.6      7.5    -38.8      0.4  
      II        1.0 r     1.4      0.5 r     2.4 r    -2.3 r     1.4      4.8      2.4      3.8      2.6  
      I        -0.8 r    -0.4      0.3 r     3.9 r     0.1 r     4.8      7.5      5.5    -11.6      3.1  
 ----------------------------------------------------------------------------------------------------------
                        Percent change from corresponding quarter of previous year

 2008 ANNUAL    0.3 r    -1.4     -1.7       3.6      -0.2       3.3      4.1      3.5     -8.4      2.1  

 2008 IV        0.1      -3.9     -4.0 r     3.7       2.1 r     3.6      5.8      4.2     -5.4      3.2  
      III       2.3       0.4     -1.9       3.9      -1.3       1.6      1.6      1.6      8.2      2.3  
      II       -0.4 r    -1.3     -0.8       3.4      -0.9       3.9      4.3      4.0    -17.1      1.3  
      I        -0.5      -0.6     -0.1       3.5      -0.7 r     4.1      4.8      4.3    -17.4      1.5  

 2007 ANNUAL    0.6       1.0      0.3       3.9       1.1       3.3      6.0      4.0    -10.4      2.1  

 2007 IV        0.5       0.5      0.0       3.9      -0.1       3.4      6.6      4.3    -14.4      1.8  
      III      -0.3 r    -0.2      0.1       4.3 r     1.9 r     4.6      7.5      5.4    -20.5      1.7  
      II        1.6       2.1      0.5       4.0 r     1.2       2.3      4.7      3.0     -2.2      2.3  
      I         0.8       1.5      0.7       3.6       1.2       2.8      5.3      3.5     -3.6      2.5  
 ----------------------------------------------------------------------------------------------------------
                                             Indexes 2005=100

 2008 ANNUAL  102.9 r   103.4    100.5 r   111.2 r   100.8 r   108.0    113.6    109.6     91.6    107.3  

 2008 IV      103.3 r   101.3     98.0 r   113.2 r   103.4 r   109.6    117.9    111.9     88.3    108.9  
      III     104.2 r   104.5    100.3 r   111.5 r    99.4 r   107.0    112.5    108.5    102.1    107.7  
      II      102.2 r   103.7    101.5 r   110.3 r    99.9 r   107.9    112.4    109.1     88.4    106.5  
      I       101.9 r   104.0    102.1 r   109.8 r   100.7 r   107.7    111.6    108.8     87.3    106.1  

 2007 ANNUAL  102.6 r   104.8    102.2 r   107.3 r   101.0 r   104.6    109.2    105.9    100.0    105.1  

 2007 IV      103.2 r   105.4    102.1 r   109.1 r   101.3 r   105.8    111.5    107.4     93.3    105.6  
      III     101.9 r   104.1    102.2 r   107.4 r   100.8 r   105.4    110.8    106.9     94.3    105.3  
      II      102.7 r   105.1    102.3 r   106.7 r   100.8 r   103.9    107.8    105.0    106.7    105.2  
      I       102.4 r   104.7    102.2 r   106.0 r   101.4 r   103.5    106.5    104.4    105.7    104.5  
 ---------------------------------------------------------------------------------------------------------
 See footnotes following Table 6.                                                            March 7, 2012
 r=revised                                                              Source: Bureau of Labor Statistics

Last Modified Date: March 07, 2012
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