Figure A

Real average hourly compensation and productivity growth, 2000–2013

Productivity Hourly compensation (ECEC) Hourly compensation (ECI)
 2000-I 0.0% 0.0% 0.0%
 2000-II 1.6% 0.3% 0.3%
 2000-III 2.0% 0.7% 0.5%
 2000-IV 2.9% 1.0% 0.3%
 2001-I 2.7% 1.3% 0.8%
 2001-II 3.9% 2.1% 1.0%
 2001-III 4.2% 2.8% 1.8%
 2001-IV 5.1% 3.5% 2.6%
 2002-I 6.8% 4.2% 3.3%
 2002-II 6.9% 4.0% 3.6%
 2002-III 7.5% 4.3% 3.7%
 2002-IV 7.5% 4.2% 3.4%
 2003-I 8.6% 4.3% 3.9%
 2003-II 10.1% 5.5% 5.1%
 2003-III 11.7% 5.7% 5.4%
 2003-IV 12.5% 5.7% 5.4%
 2004-I 12.6% 6.4% 6.0%
 2004-II 13.5% 6.1% 6.3%
 2004-III 13.9% 7.0% 6.5%
 2004-IV 14.7% 6.5% 5.9%
 2005-I 15.3% 7.2% 6.5%
 2005-II 15.4% 6.7% 6.5%
 2005-III 16.0% 5.6% 5.6%
 2005-IV 16.4% 6.2% 5.1%
 2006-I 16.8% 7.2% 5.4%
 2006-II 16.9% 6.6% 5.4%
 2006-III 16.4% 7.1% 5.2%
 2006-IV 16.8% 8.1% 6.3%
 2007-I 17.0% 8.0% 6.1%
 2007-II 17.5% 6.9% 5.9%
 2007-III 18.6% 6.8% 6.0%
 2007-IV 18.8% 6.8% 5.3%
 2008-I 18.2% 7.1% 5.1%
2008-II 19.0% 5.8% 4.5%
2008-III 19.4% 5.4% 3.6%
2008-IV 19.0% 8.8% 6.2%
2009-I 19.8% 9.8% 7.3%
2009-II 21.6% 9.0% 7.1%
2009-III 23.4% 8.5% 6.5%
2009-IV 24.6% 7.2% 5.9%
2010-I 24.9% 8.2% 6.6%
2010-II 24.8% 7.9% 7.2%
2010-III 25.7% 8.4% 7.3%
2010-IV 26.1% 7.1% 6.8%
2011-I 25.4% 7.3% 6.4%
2011-II 25.7% 6.3% 6.1%
2011-III 25.6% 6.4% 6.1%
2011-IV 26.4% 6.7% 5.7%
2012-I 27.0% 6.9% 5.7%
2012-II 27.3% 6.6% 6.1%
2012-III 27.1% 6.5% 5.9%
2012-IV 26.8% 5.8% 5.6%
2013-I 27.1% 6.3% 5.9%
2013-II 27.3% 6.5%
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Note: Productivity series reflects the total economy, while ECI and ECEC reflect the compensation of all private workers. ECEC data are linearly interpolated between 2000Q1–2001Q1 and 2001Q1–2002Q1 (no formal data exist for quarters two, three, or four in 2000 or 2001). Only the ECI had data available for 2013Q2.

Source: Authors' analysis of the Bureau of Labor Statistics unpublished Total Economy Productivity data, and Employment Cost Index and Employer Costs for Employee Compensation public data series

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