Productivity and Costs, Fourth Quarter and Annual Averages 2011, Revised

 Productivity and Costs, Fourth Quarter and Annual Averages 2011, Revised

"Unit labor costs in nonfarm businesses fell 4.3 percent in the first
quarter of 2013, the combined effect of a 3.8 percent decrease in hourly
compensation and the 0.5 percent increase in productivity. The decline in
hourly compensation is the largest in the series, which begins in 1947.
However, over the last four quarters hourly compensation increased 2.0
percent and unit labor costs rose 1.1 percent. (See table A.)"