Productivity And Costs — 1996-02-08

Appendix Table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices Appendix Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices Appendix Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs The Bureau of Labor Statistics of the U.S. Department of Labor today reported revised productivity data--as measured by output per hour of all persons--for the third quarter of 1995. The seasonally-adjusted annual rates of productivity growth in the third quarter were: 1.2 percent in the business sector, and 1.4 percent in the nonfarm business sector. In both the business and the nonfarm business sectors, productivity increases in the third quarter were less than half the second-quarter increases. 5.7 percent in manufacturing, 6.6 percent in durable goods manufacturing, and 4.8 percent in nondurable goods manufacturing. ______________________________________________________________________________ NOTE: BLS has switched to annual-weighted output indexes for computations underlying its regular Productivity and Costs news releases.