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)
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Indexes 1992=100
2002 I 122.7 142.2 115.9 143.2 115.2 116.7 113.4 115.5
II 123.2 142.9 116.0 144.4 115.2 117.2 113.6 115.9
III 124.7 144.3 115.7 145.0 115.0 116.3 115.7 116.1
IV 125.0 144.7 115.7 145.5 114.8 116.3 116.8 116.5
ANNUAL 123.9 143.5 115.8 144.5 115.0 116.6 114.9 116.0
2003 I 126.2 145.5 115.3 147.4 115.3 116.8 117.7 117.1
II 128.6 147.5 114.7 149.6 116.8 116.4 119.0 117.3
III 131.2 150.8 114.9 151.7 117.7 115.6 120.8 117.5
IV 132.0 152.3 115.4 153.2 118.7 116.0 120.7 117.8
ANNUAL 129.5 149.0 115.1 150.5 117.1 116.2 119.6 117.4
2004 I 133.3 154.3 115.8 154.2 118.4 115.7 122.9 118.4
II r134.2 r155.8 r116.1 r155.9 r118.3 r116.1 r124.8 119.4
III 135.0 157.4 116.6 157.3 118.9 116.6 124.8 119.6
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Percent change from previous quarter at annual rate(5)
2002 I 5.9 3.5 -2.3 4.9 3.5 -1.0 1.0 -0.3
II 1.7 2.1 0.4 3.4 -0.1 1.7 1.0 1.4
III 4.8 3.8 -1.0 1.6 -0.7 -3.1 7.3 0.7
IV 1.2 1.2 0.0 1.3 -0.6 0.0 3.8 1.4
ANNUAL 4.3 1.8 -2.4 3.2 1.5 -1.1 4.5 0.9
2003 I 3.9 2.2 -1.6 5.5 1.7 1.6 3.1 2.1
II 7.6 5.6 -1.9 6.1 5.4 -1.4 4.5 0.8
III 8.5 9.3 0.7 5.6 3.1 -2.6 6.3 0.7
IV 2.4 4.2 1.7 4.0 3.3 1.6 -0.4 0.8
ANNUAL 4.5 3.8 -0.7 4.1 1.8 -0.4 4.1 1.3
2004 I 3.9 5.3 1.3 2.8 -0.8 -1.1 7.4 2.1
II r2.9 r3.9 r1.0 r4.3 r-0.4 r1.4 r6.4 3.3
III 2.3 4.2 1.9 3.8 2.0 1.5 0.0 0.9
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Percent change from corresponding quarter of previous year
2002 I 4.9 0.8 -3.9 3.2 1.9 -1.6 6.6 1.2
II 4.0 1.1 -2.8 3.4 2.1 -0.6 3.5 0.9
III 4.9 2.8 -2.0 3.3 1.6 -1.6 5.0 0.8
IV 3.4 2.7 -0.7 2.8 0.5 -0.6 3.2 0.8
ANNUAL 4.3 1.8 -2.4 3.2 1.5 -1.1 4.5 0.9
2003 I 2.9 2.3 -0.6 2.9 0.1 0.0 3.8 1.4
II 4.4 3.2 -1.1 3.6 1.4 -0.7 4.7 1.3
III 5.3 4.5 -0.7 4.6 2.4 -0.6 4.4 1.3
IV 5.6 5.3 -0.3 5.3 3.4 -0.3 3.4 1.1
ANNUAL 4.5 3.8 -0.7 4.1 1.8 -0.4 4.1 1.3
2004 I 5.6 6.1 0.5 4.6 2.7 -0.9 4.4 1.1
II r4.4 r5.6 r1.2 r4.2 r1.3 r-0.2 r4.9 1.7
III 2.9 4.4 1.5 3.7 1.0 0.9 3.3 1.8
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See footnotes following Table 6. November 4, 2004
r=revised Source: Bureau of Labor Statistics
Last Modified Date: November 04, 2004
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