U.S. Second Quarter Productivity and Costs: Summary (Table)

By Kristy Scheuble

Sept. 4 (Bloomberg) -- Following is a summary of the second quarter productivity report from the Labor Department.

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                        2Q    2Q     1Q     4Q     3Q     2Q     1Q     4Q
                       2008  Prev.  2008   2007   2007   2007   2007   2006
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                        ------------Quarterly Annualized Percent------------
Nonfarm output per hour  4.3%  2.2%   2.6%   0.8%   5.8%   4.1%   0.0%   0.2%
Output                   3.4%  1.7%   0.9%  -0.7%   5.5%   5.8%  -0.9%   1.4%
Employee hours          -0.8% -0.5%  -1.7%  -1.6%  -0.3%   1.6%  -0.8%   1.2%
Compensation per hour    3.7%  3.6%   3.8%   5.3%   3.3%   0.8%   4.9%   9.3%
Real compensation       -1.3% -1.4%  -0.4%   0.3%   0.5%  -3.6%   1.2%  11.0%
Unit labor costs        -0.5%  1.3%   1.2%   4.5%  -2.4%  -3.2%   4.9%   9.1%
Unit non-labor costs     3.3% -0.9%   3.6%  -1.5%   6.3%   9.4%   0.9%  -9.5%
Price deflator           0.9%  0.5%   2.1%   2.1%   0.9%   1.5%   3.4%   1.5%
                        ---------------Year Over Year Percent---------------
Nonfarm output per hour  3.4%  2.8%   3.3%   2.7%   2.5%   0.5%   0.0%   0.6%
Output                   2.2%  1.8%   2.8%   2.4%   2.9%   1.6%   0.9%   2.6%
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                        2Q    2Q     1Q     4Q     3Q     2Q     1Q     4Q
                       2008  Prev.  2008   2007   2007   2007   2007   2006
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Employee hours          -1.1% -1.0%  -0.5%  -0.3%   0.4%   1.1%   1.0%   2.0%
Compensation per hour    4.0%  4.3%   3.3%   3.6%   4.5%   4.2%   4.2%   4.3%
Real compensation       -0.2%  0.1%  -0.8%  -0.4%   2.1%   1.5%   1.7%   2.2%
Unit labor costs         0.6%  1.5%   0.0%   0.9%   2.0%   3.7%   4.2%   3.6%
Unit non-labor costs     2.9%  1.3%   4.3%   3.7%   1.5%  -0.2%  -0.2%   0.5%
Price deflator           1.5%  1.4%   1.6%   2.0%   1.8%   2.1%   2.5%   2.4%
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NOTE: Figures are seasonally adjusted.

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net