2012 Third Quarter (Revised) Productivity and Costs — 2012-12-05

(Note: This release was reissued December 17, 2012 to correct data for the nonfinancial corporate sector-measures for all other sectors were correct as published December 5. Measures for the nonfinancial corporate sector had not incorporated revised source data on output. All measures based on output, including productivity and unit labor costs, were affected for the period 2009 Q1 to 2012 Q1. Percent changes were subject to correction through 2012 Q2. Results for 2012 Q3 were correct as originally published. Corrected data are reflected in the text and tables C and 6 of this release.) Nonfarm business sector labor productivity increased at a 2.9 percent annual rate during the third quarter of 2012, the U.S. Bureau of Labor Statistics reported today. The increase in productivity reflects increases of 4.2 percent in output and 1.3 percent in hours worked.