6 February 2002, 16:34  ODJ U.S. Productivity and Costs-OVERVIEW

HEADLINES FOR PRODUCTIVITY AND COSTS
*U.S. Q4 non-farm productivity +3.5% vs rev +1.1% in Q3
*U.S. 2001 non-farm productivity +1.8 vs 2000
*U.S. Q4 non-farm productivity vs Q4 2000 +1.6%
*U.S. Q4 non-farm unit labor costs -1.1% vs rev +2.6% in Q3
*U.S. Q4 non-farm unit labor costs vs Q4 2000 +2.2%
*U.S. Q4 non-farm compensation per hr +2.3% vs rev +3.7% in Q3

Washington, Feb. 6 (ODJ) - U.S. productivity and costs increased 3.5% in the fourth quarter, compared to a revised gain of 1.1% in the third quarter, the Labor Department reported Wednesday.
SUMMARY TABLE:
(Percent changes are seasonally adjusted from previous quarter except where noted)
Q4 2001-
Category Q4 Q3 Q2 Q1 Q4 2000
Nonfarm Business
Productivity 3.5 1.1R 2.1 -0.1 1.6
Output -0.4 -2.3R -0.4 1.4 -0.5
Hours -3.7 -3.4 -2.4 1.4 -2.1
Hourly compensation 2.3 3.7R 4.7 4.9 3.9
Real hourly compensation 2.8 3.0R 1.6 0.7 2.0
Unit labor costs -1.1 2.6R 2.6 5.0 2.2
Implicit price deflator -0.7 1.7R 1.5 2.7 -0.4
Manufacturing
Productivity 3.5 2.6R -0.5 2.7 0.7
Output -7.2 -4.9R -6.2 7.1 -6.4
Business
Productivity 3.4 0.7R 2.2 -0.2 1.5
Output -0.3 -2.3R -0.7 1.2 -0.5
Durable Manufacturing
Productivity 2.3 2.0R 0.0 -4.3 0.0
Non-durable Manufacturing
Productivity 4.3 2.7R -1.6 -0.9 1.1
Non-financial Corporations
Productivity na 0.9R 3.3 0.5 na

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