Academic journal article Monthly Labor Review

Productivity Data

Academic journal article Monthly Labor Review

Productivity Data

Article excerpt

47. Indexes of productivity, hourly compensation, and unit costs,
quarterly data seasonally adjusted

[1992 = 100]

                                     2004

              Item                   III       IV

            Business

Output per hour of all persons       132.7    133.4
Compensation per hour                157.8    160.2
Real compensation per hour           119.2    120.0
Unit labor costs                     118.9    120.1
Unit nonlabor payments               124.7    125.4
Implicit price deflator              121.1    122.1

        Nonfarm business

Output per hour of all persons       132.0    132.2
Compensation per hour                156.8    158.9
Real compensation per hour           118.5    119.0
  Unit labor costs                   118.8    120.2
  Unit nonlabor payments             125.7    126.5
Implicit price deflator              121.4    122.5

    Nonfinancial corporations

Output per hour of all employees     140.7    140.2
Compensation per hour                154.9    156.9
Real compensation per hour           117.1    117.6
Total unit costs                     109.8    111.3
Unit labor costs                     110.1    111.9
Unit nonlabor costs                  109.2    109.7
Unit profits                         150.6    148.4
Unit nonlabor payments               120.3    120.1
Implicit price deflator              113.5    114.6

          Manufacturing

Output per hour of all persons       163.8    166.4
Compensation per hour                163.5    165.8
Real compensation per hour           123.6    124.2
Unit labor costs                      99.8     99.7

                                              2006

              Item                    I        II      III       IV

            Business

Output per hour of all persons       136.4    136.6    136.1    136.5
Compensation per hour                168.2    168.1    168.7    173.4
Real compensation per hour           120.9    119.3    118.9    122.8
Unit labor costs                     123.4    123.0    124.0    127.0
Unit nonlabor payments               133.0    136.5    136.6    132.2
Implicit price deflator              127.0    128.0    128.7    128.9

        Nonfarm business

Output per hour of all persons       135.3    135.6    135.0    135.6
Compensation per hour                167.1    167.0    167.5    172.4
Real compensation per hour           120.1    118.6    118.0    122.1
  Unit labor costs                   123.5    123.2    124.0    127.1
  Unit nonlabor payments             135.0    138.7    138.6    133.6
Implicit price deflator              127.7    128.9    129.4    129.5

    Nonfinancial corporations

Output per hour of all employees     142.4    141.8    142.9    143.3
Compensation per hour                163.8    163.9    164.6    169.3
Real compensation per hour           117.8    116.4    115.9    119.9
Total unit costs                     114.4    115.2    114.8    117.1
Unit labor costs                     115.0    115.6    115.2    118.1
Unit nonlabor costs                  112.5    114.3    113.8    114.5
Unit profits                         164.4    164.8    172.6    150.0
Unit nonlabor payments               126.4    127.8    129.5    124.0
Implicit price deflator              118.8    119.7    120.0   1201.0

          Manufacturing

Output per hour of all persons       175.4    177.0    179.8    180.7
Compensation per hour                172.6    170.1    170.7    176.4
Real compensation per hour           124.1    120.8    120.2    125.0
Unit labor costs                      98.4    961.0     94.9     97.6

                                              2007

              Item                    I        II      III

            Business

Output per hour of all persons       136.6    137.8    139.6
Compensation per hour                175.7    178.2    180.4
Real compensation per hour           123.3    123. … 
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