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111th Congress, 2nd Session

Economic Indicators
AUGUST 2010
(Includes data available as of September 3, 2010)

Prepared for the Joint Economic Committee by the
Council of Economic Advisers

UNITED STATES
GOVERNMENT PRINTING OFFICE

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JOINT ECONOMIC COMMITTEE
(Created pursuant to Sec. 5(a) of Public Law 304, 79th Cong.)
CAROLYN B. MALONEY, New York, Chair
CHARLES E. SCHUMER, New York, Vice Chairman

HOUSE OF REPRESENTATIVES
MAURICE D. HINCHEY, New York
BARON P. HILL, Indiana
LORETTA SANCHEZ, California
ELIJAH E. CUMMINGS, Maryland
VIC SNYDER, Arkansas
KEVIN BRADY, Texas
RON PAUL, Texas
MICHAEL C. BURGESS, M.D., Texas
JOHN CAMPBELL, California

SENATE
JEFF BINGAMAN, New Mexico
AMY KLOBUCHAR, Minnesota
ROBERT P. CASEY, JR., Pennsylvania
JIM WEBB, Virginia
MARK R. WARNER, Virginia
SAM BROWNBACK, Kansas
JIM DEMINT, South Carolina
JAMES E. RISCH, Idaho
ROBERT F. BENNETT, Utah

ANDREA CAMP, Executive Director

COUNCIL OF ECONOMIC ADVISERS
CHRISTINA D. ROMER, Chair
AUSTAN D. GOOLSBEE, Member
CECILIA E. ROUSE, Member
[PUBLIC LAW 120—81ST CONGRESS; CHAPTER 237—1ST SESSION]
JOINT RESOLUTION [S.J. Res. 55]
To print the monthly publication entitled ‘‘Economic Indicators’’
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the
Joint Economic Committee be authorized to issue a monthly publication entitled ‘‘Economic Indicators,’’ and that
a sufficient quantity be printed to furnish one copy to each Member of Congress; the Secretary and the Sergeant
at Arms of the Senate; the Clerk, Sergeant at Arms, and Doorkeeper of the House of Representatives; two copies
to the libraries of the Senate and House, and the Congressional Library; seven hundred copies to the Joint Economic
Committee; and the required numbers of copies to the Superintendent of Documents for distribution to depository
libraries; and that the Superintendent of Documents be authorized to have copies printed for sale to the public.
Approved June 23, 1949.

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Charts prepared under the direction of the Printing and Procurement Branch,
Office of the Secretary, Department of Commerce.

Economic Indicators, published monthly, is available at $5.00 a single copy
($7.00 foreign), or by subscription at $58.00 per year ($81.20 for foreign mailing)
from:
SUPERINTENDENT OF DOCUMENTS
GOVERNMENT PRINTING OFFICE
WASHINGTON, D.C. 20402
For sale by the U.S. Government Printing Office
Superintendent of Documents, Mail Stop: SSOP, Washington, DC 20402–9328
Also available on the internet at the following address: http://www.gpoaccess.gov/indicators

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TOTAL OUTPUT, INCOME, AND SPENDING
GROSS DOMESTIC PRODUCT
In the second quarter of 2010, according to revised estimates, current-dollar gross domestic product (GDP) rose
3.6 percent (annual rate), real GDP (GDP in chained 2005 dollars) rose 1.6 percent, and the chained price index
rose 1.9 percent.

[Billions of current dollars; quarterly data at seasonally adjusted annual rates]

2000 ......................
2001 ......................
2002 ......................
2003 ......................
2004 ......................
2005 ......................
2006 ......................
2007 ......................
2008 ......................
2009 ......................
2007: I ................
II ...............
III .............
IV ..............
2008: I ................
II ...............
III .............
IV ..............
2009: I ................
II ...............
III .............
IV ..............
2010: I ................
II r ..............
1 GDP

Net
exports

Exports

9,951.5
10,286.2
10,642.3
11,142.1
11,867.8
12,638.4
13,398.9
14,061.8
14,369.1
14,119.0
13,789.5
14,008.2
14,158.2
14,291.3
14,328.4
14,471.8
14,484.9
14,191.2
14,049.7
14,034.5
14,114.7
14,277.3
14,446.4
14,575.0

¥382.1
¥371.0
¥427.2
¥504.1
¥618.7
¥722.7
¥769.3
¥714.0
¥710.4
¥386.4
¥725.1
¥730.7
¥704.4
¥695.7
¥738.5
¥751.9
¥763.1
¥588.4
¥375.7
¥335.2
¥408.3
¥426.4
¥479.9
¥536.0

1,093.2
1,027.7
1,003.0
1,041.0
1,180.2
1,305.1
1,471.0
1,661.7
1,843.4
1,578.4
1,575.5
1,619.1
1,690.3
1,761.8
1,819.9
1,925.3
1,927.3
1,700.9
1,521.2
1,520.2
1,582.1
1,689.9
1,757.8
1,817.6

6,830.4
7,148.8
7,439.2
7,804.0
8,285.1
8,819.0
9,322.7
9,806.3
10,104.5
10,001.3
9,632.8
9,753.2
9,850.8
9,988.4
10,065.7
10,183.0
10,202.0
9,967.2
9,913.0
9,920.1
10,040.7
10,131.5
10,230.8
10,279.6

1,772.2
1,661.9
1,647.0
1,729.7
1,968.6
2,172.2
2,327.2
2,295.2
2,096.7
1,589.2
2,277.4
2,329.6
2,313.4
2,260.4
2,198.8
2,170.9
2,111.3
1,905.8
1,640.4
1,530.2
1,548.5
1,637.7
1,739.7
1,838.7

Government consumption expenditures
and gross investment
Federal

Imports

Total
Total

1,475.3
1,398.7
1,430.2
1,545.1
1,798.9
2,027.8
2,240.3
2,375.7
2,553.8
1,964.7
2,300.6
2,349.8
2,394.7
2,457.5
2,558.4
2,677.2
2,690.4
2,289.3
1,896.9
1,855.3
1,990.5
2,116.3
2,237.6
2,353.6

less exports of goods and services plus imports of goods and services.

1,731.0
1,846.4
1,983.3
2,112.6
2,232.8
2,369.9
2,518.4
2,674.2
2,878.3
2,914.9
2,604.4
2,656.0
2,698.4
2,738.2
2,802.3
2,869.8
2,934.7
2,906.5
2,872.0
2,919.3
2,933.8
2,934.5
2,955.7
2,992.6

576.1
611.7
680.6
756.5
824.6
876.3
931.7
976.3
1,079.9
1,139.6
944.0
968.7
992.1
1,000.6
1,033.4
1,065.2
1,105.5
1,115.4
1,103.2
1,139.8
1,155.4
1,159.9
1,178.1
1,206.5

National
defense
371.0
393.0
437.7
497.9
550.8
589.0
624.9
662.3
737.3
771.6
637.6
657.0
674.7
679.9
702.1
724.9
762.1
760.2
743.9
769.9
787.3
785.4
796.3
812.8

Nondefense
205.0
218.7
242.9
258.5
273.9
287.3
306.8
314.0
342.5
368.0
306.4
311.7
317.4
320.7
331.3
340.3
343.4
355.1
359.4
369.8
368.1
374.5
381.8
393.7

State
and
local
1,154.9
1,234.7
1,302.7
1,356.1
1,408.2
1,493.6
1,586.7
1,697.9
1,798.5
1,775.3
1,660.3
1,687.3
1,706.4
1,737.6
1,768.9
1,804.6
1,829.2
1,791.2
1,768.8
1,779.5
1,778.4
1,774.7
1,777.6
1,786.1

Final
sales of
domestic
product

Gross
domestic
purchases 1

Addendum:
Gross
national
product

9,896.9
10,324.5
10,630.3
11,125.8
11,802.8
12,588.4
13,339.0
14,032.7
14,410.2
14,246.3
13,772.5
13,960.6
14,118.8
14,278.8
14,342.1
14,495.1
14,514.3
14,289.2
14,191.6
14,214.0
14,258.0
14,321.5
14,396.4
14,500.5

10,333.5
10,657.2
11,069.5
11,646.3
12,486.4
13,361.1
14,168.2
14,775.8
15,079.5
14,505.4
14,514.6
14,738.8
14,862.6
14,987.0
15,066.8
15,223.7
15,248.0
14,779.5
14,425.4
14,369.6
14,523.0
14,703.7
14,926.3
15,110.9

9,989.2
10,338.1
10,691.4
11,210.8
11,959.0
12,735.5
13,471.3
14,185.1
14,543.6
14,265.3
13,859.8
14,087.6
14,302.9
14,489.9
14,520.7
14,647.3
14,689.2
14,317.2
14,172.2
14,164.2
14,281.9
14,442.8
14,637.6
14,768.6

Source: Department of Commerce, Bureau of Economic Analysis.

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Period

Exports and imports
of goods and services

Personal Gross
Gross
conprivate
domestic sumption domestic
product expendi- investtures
ment

REAL GROSS DOMESTIC PRODUCT
[Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates]

Gross private
domestic investment
Period

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
I .................
II ................
III ..............
IV ...............
2008: I .................
II ................
III ..............
IV ...............
2009: I .................
II ................
III ..............
IV ...............
2010: I .................
II r ...............

Personal
Gross
conNonresidomestic sumption dential
product expendi- fixed
tures
investment
11,226.0
11,347.2
11,553.0
11,840.7
12,263.8
12,638.4
12,976.2
13,228.9
13,228.8
12,880.6
13,089.3
13,194.1
13,268.5
13,363.5
13,339.2
13,359.0
13,223.5
12,993.7
12,832.6
12,810.0
12,860.8
13,019.0
13,138.8
13,191.5

7,608.1
7,813.9
8,021.9
8,247.6
8,532.7
8,819.0
9,073.5
9,289.5
9,265.0
9,153.9
9,235.2
9,270.5
9,310.0
9,342.3
9,324.1
9,326.2
9,243.5
9,166.3
9,154.1
9,117.0
9,161.6
9,182.9
9,225.4
9,270.3

1,318.5
1,281.8
1,180.2
1,191.0
1,263.0
1,347.3
1,453.9
1,552.0
1,556.6
1,290.8
1,499.0
1,539.1
1,574.1
1,595.9
1,603.7
1,597.0
1,561.5
1,464.2
1,313.7
1,288.3
1,282.9
1,278.3
1,302.6
1,356.5

Resi- Change
dential in prifixed
vate
invest- invenment tories
580.0
583.3
613.8
664.3
729.5
775.0
718.2
584.2
444.2
342.7
631.3
611.4
570.6
523.3
482.2
464.4
435.6
394.7
352.7
333.9
342.4
341.7
330.7
351.1

60.2
¥41.8
12.8
17.3
66.3
50.0
59.4
27.7
¥37.6
¥113.1
17.3
44.9
36.1
12.6
¥8.2
¥20.6
¥27.4
¥94.3
¥125.8
¥161.8
¥128.2
¥36.7
44.1
63.2

Exports and imports of
goods and services

Government consumption expenditures
and gross investment
AddenFinal
Gross
dum:
sales of domestic Gross
domestic
purnational
product chases 1 product

Federal
Net
exports

Exports

Imports

Total

¥451.6
¥472.1
¥548.8
¥603.9
¥688.0
¥722.7
¥729.2
¥654.9
¥504.1
¥363.0
¥696.4
¥696.2
¥666.6
¥560.4
¥529.9
¥493.8
¥514.8
¥477.7
¥389.2
¥342.0
¥390.8
¥330.1
¥338.4
¥444.9

1,188.3
1,121.6
1,099.2
1,116.8
1,222.8
1,305.1
1,422.0
1,554.4
1,647.7
1,490.7
1,496.4
1,521.3
1,578.0
1,622.0
1,644.7
1,696.6
1,675.0
1,574.5
1,451.6
1,447.8
1,490.0
1,573.5
1,616.4
1,652.2

1,639.9
1,593.8
1,648.0
1,720.7
1,910.8
2,027.8
2,151.2
2,209.3
2,151.7
1,853.8
2,192.7
2,217.5
2,244.6
2,182.4
2,174.6
2,190.4
2,189.8
2,052.2
1,840.8
1,789.9
1,880.8
1,903.6
1,954.8
2,097.0

2,097.8
2,178.3
2,279.6
2,330.5
2,362.0
2,369.9
2,402.1
2,434.2
2,502.7
2,542.6
2,406.7
2,426.8
2,447.9
2,455.3
2,469.2
2,489.4
2,521.5
2,530.7
2,511.5
2,549.3
2,559.3
2,550.3
2,540.2
2,566.8

1 GDP less exports of goods and services plus imports of goods and services.
NOTE.—Because of the formula used for calculating real GDP, the chained (2005) dollar
estimates for the detailed components do not add to the chained-dollar value of GDP or to any
intermediate aggregates.

Total

National
defense

Nondefense

698.1
726.5
779.5
831.1
865.0
876.3
894.9
906.1
971.8
1,027.6
883.6
898.9
919.7
922.2
937.6
955.3
987.5
1,006.9
994.1
1,029.2
1,043.5
1,043.6
1,048.4
1,071.3

453.5
470.7
505.3
549.2
580.4
589.0
598.4
611.8
657.7
693.0
595.3
607.3
622.3
622.4
632.7
643.4
673.0
681.6
666.8
693.2
708.3
703.8
704.4
716.9

244.4
255.5
273.9
281.7
284.6
287.3
296.6
294.2
314.0
334.6
288.2
291.5
297.3
299.8
304.8
311.9
314.2
325.2
327.3
335.9
335.2
339.8
344.0
354.5

State
and
local

1,400.1
1,452.3
1,500.6
1,499.7
1,497.1
1,493.6
1,507.2
1,528.1
1,532.6
1,518.8
1,522.9
1,527.8
1,528.4
1,533.3
1,532.2
1,535.1
1,536.2
1,526.8
1,520.1
1,523.8
1,520.0
1,511.2
1,496.8
1,501.1

11,167.5
11,391.7
11,543.5
11,824.8
12,198.2
12,588.4
12,917.1
13,200.0
13,268.1
12,992.8
13,071.1
13,146.4
13,230.4
13,352.2
13,346.2
13,382.4
13,249.6
13,094.1
12.964.2
12,971.4
12,984.5
13,051.1
13,085.5
13,117.6

11,681.4
11,825.7
12,107.7
12,449.2
12,952.5
13,361.1
13,705.7
13,883.9
13,729.4
13,233.6
13,786.2
13,891.2
13,935.8
13,922.4
13,866.9
13,850.1
13,737.2
13,463.3
13,212.6
13,143.7
13,239.8
13,338.2
13,467.6
13,630.2

11,268.8
11,404.6
11,606.9
11,914.2
12,358.5
12,735.5
13,046.1
13,344.4
13,388.7
13,014.7
13,155.8
13,269.0
13,404.4
13,548.5
13,516.8
13,519.7
13,408.7
13,109.5
12,945.5
12,929.4
13,013.8
13,170.1
13,313.0
13,367.7

Source: Department of Commerce, Bureau of Economic Analysis.

CHAINED PRICE INDEXES FOR GROSS DOMESTIC PRODUCT
[Index numbers, 2005=100; quarterly data are seasonally adjusted]

Personal consumption
expenditures
Gross
domestic
product

Period

2000 ..................
2001 ..................
2002 ..................
2003 ..................
2004 ..................
2005 ..................
2006 ..................
2007 ..................
2008 ..................
2009 ..................
2007: I ............
II ...........
III .........
IV ..........
2008: I ............
II ...........
III .........
IV ..........
2009: I ............
II ...........
III .........
IV ..........
2010: I ............
II r ..........

88.648
90.654
92.113
94.099
96.769
100.000
103.263
106.301
108.598
109.618
105.366
106.188
106.709
106.940
107.454
108.295
109.488
109.154
109.465
109.555
109.759
109.693
109.959
110.481

Total

89.777
91.488
92.736
94.622
97.098
100.000
102.746
105.564
109.061
109.258
104.311
105.212
105.813
106.919
107.954
109.185
110.367
108.736
108.290
108.810
109.598
110.333
110.901
110.890

Goods

97.520
97.429
96.430
96.380
97.867
100.000
101.508
102.946
106.262
103.634
101.626
102.798
102.997
104.362
105.670
106.929
108.807
103.643
102.039
102.974
104.403
105.120
105.784
104.809

Gross private
domestic investment

Services

85.824
88.428
90.807
93.692
96.687
100.000
103.411
106.973
110.566
112.233
105.754
106.510
107.330
108.298
109.191
110.412
111.234
111.428
111.579
111.894
112.355
113.102
113.620
114.121

Nonresidential
fixed
96.219
95.788
95.363
95.355
96.834
100.000
103.534
105.505
106.984
105.700
105.393
105.586
105.499
105.541
105.686
106.248
107.431
108.571
107.726
106.162
104.768
104.144
103.639
103.687

Exports and imports of
goods and services

Government consumption expenditures
and gross investment
Federal

Residential fixed
77.415
80.994
83.002
86.953
93.296
100.000
106.081
107.613
106.361
102.736
107.793
107.480
107.500
107.681
107.296
107.012
106.268
104.867
104.094
102.503
101.637
102.712
102.869
101.974

Exports

Imports
Total

91.999
91.627
91.253
93.216
96.517
100.000
103.447
106.902
111.874
105.877
105.319
106.465
107.154
108.672
110.719
113.553
115.137
108.089
104.841
105.031
106.212
107.424
108.771
110.043

89.963
87.762
86.784
89.796
94.144
100.000
104.144
107.531
118.685
105.987
104.892
105.936
106.671
112.623
117.728
122.345
122.999
111.669
103.127
103.719
105.879
111.222
114.514
112.280

82.524
84.201
87.318
91.024
95.335
100.000
104.107
107.753
111.119
110.895
106.849
107.773
107.882
108.509
110.230
111.515
111.958
110.772
110.979
110.743
110.716
111.141
112.375
112.614

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Source: Department of Commerce, Bureau of Economic Analysis.

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ECOIND

National
defense
81.821
83.484
86.624
90.659
94.895
100.000
104.421
108.249
112.109
111.342
107.113
108.191
108.434
109.259
110.975
112.673
113.245
111.544
111.562
111.063
111.153
111.590
113.046
113.379

Nondefense
83.907
85.612
88.689
91.774
96.234
100.000
103.468
106.743
109.077
109.984
106.321
106.926
106.755
106.969
108.695
109.122
109.294
109.198
109.794
110.096
109.822
110.222
110.997
111.045

State
and local
82.482
85.019
86.810
90.425
94.062
100.000
105.276
111.112
117.349
116.892
109.033
110.445
111.644
113.326
115.451
117.555
119.075
117.313
116.356
116.779
116.998
117.434
118.760
118.990

GROSS DOMESTIC PRODUCT AND RELATED PRICE MEASURES:
INDEXES AND PERCENT CHANGES
[Quarterly data are seasonally adjusted]
Percent change from preceding period 1

Index numbers, 2005=100
Personal consumption
expenditures (PCE)

Gross domestic product (GDP)

Personal consumption
expenditures (PCE)

Gross domestic product (GDP)

Period
Real GDP
(chain-type
quantity
index)

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2006:

2007:

2008:

2009:

2010:

....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
I ...............................
II .............................
III ............................
IV ............................
I ...............................
II .............................
III ............................
IV ............................
I ...............................
II .............................
III ............................
IV ............................
I ...............................
II .............................
III ............................
IV ............................
I ...............................
II r ............................

1 Quarterly

GDP
chain-type
price
index

88.825
89.783
91.412
93.688
97.036
100.000
102.673
104.672
104.672
101.917
102.196
102.564
102.592
103.341
103.568
104.398
104.985
105.737
105.545
105.702
104.630
102.811
101.537
101.358
101.760
103.012
103.960
104.376

GDP
implicit
price
deflator

88.648
90.654
92.113
94.099
96.769
100.000
103.263
106.301
108.598
109.618
102.071
102.980
103.763
104.237
105.366
106.188
106.709
106.940
107.454
108.295
109.488
109.154
109.465
109.555
109.759
109.693
109.959
110.481

PCE
(chain-type
price index)

PCE
less food
and energy
price index

89.777
91.488
92.736
94.622
97.098
100.000
102.746
105.564
109.061
109.258
101.803
102.567
103.316
103.298
104.311
105.212
105.813
106.919
107.954
109.185
110.367
108.736
108.290
108.810
109.598
110.333
110.901
110.890

91.111
92.739
94.345
95.784
97.788
100.000
102.292
104.696
107.151
108.774
101.325
102.057
102.630
103.154
103.905
104.344
104.901
105.633
106.301
106.998
107.569
107.735
107.973
108.583
108.990
109.551
109.887
110.175

88.647
90.650
92.118
94.100
96.770
100.000
103.257
106.296
108.619
109.615
102.071
102.973
103.756
104.218
105.349
106.169
106.706
106.943
107.416
108.330
109.539
109.216
109.484
109.558
109.750
109.665
109.952
110.488

percent changes are at annual rates.

Real GDP
(chain-type
quantity
index)

GDP
(current
dollars)

6.4
3.4
3.5
4.7
6.5
6.5
6.0
4.9
2.2
¥1.7
8.6
5.1
3.2
4.8
5.3
6.5
4.4
3.8
1.0
4.1
.4
¥7.9
¥3.9
¥.4
2.3
4.7
4.8
3.6

GDP
chain-type
price
index

4.1
1.1
1.8
2.5
3.6
3.1
2.7
1.9
.0
¥2.6
5.4
1.4
.1
3.0
.9
3.2
2.3
2.9
¥.7
.6
¥4.0
¥6.8
¥4.9
¥.7
1.6
5.0
3.7
1.6

2.2
2.3
1.6
2.2
2.8
3.3
3.3
2.9
2.2
.9
3.0
3.6
3.1
1.8
4.4
3.2
2.0
.9
1.9
3.2
4.5
¥1.2
1.1
.3
.7
¥.2
1.0
1.9

GDP
implicit
price
deflator

2.2
2.3
1.6
2.2
2.8
3.3
3.3
2.9
2.2
.9
3.0
3.6
3.1
1.8
4.4
3.2
2.0
.9
1.8
3.4
4.5
¥1.2
1.0
.3
.7
¥.3
1.1
2.0

PCE
(chain-type
price index)

PCE
less food
and energy
price index

2.5
1.9
1.4
2.0
2.6
3.0
2.7
2.7
3.3
.2
1.7
3.0
3.0
¥.1
4.0
3.5
2.3
4.2
3.9
4.6
4.4
¥5.8
¥1.6
1.9
2.9
2.7
2.1
.0

1.7
1.8
1.7
1.5
2.1
2.3
2.3
2.4
2.3
1.5
2.0
2.9
2.3
2.1
2.9
1.7
2.2
2.8
2.6
2.6
2.2
.6
.9
2.3
1.5
2.1
1.2
1.1

Source: Department of Commerce, Bureau of Economic Analysis.

NONFINANCIAL CORPORATE BUSINESS—GROSS VALUE ADDED AND PRICE,
COSTS, AND PROFITS
[Quarterly data at seasonally adjusted annual rates]
Price per unit of real gross value added of nonfinancial corporate business (dollars) 1 2

Gross value added
of nonfinancial
corporate business
(billions of dollars) 1

Unit nonlabor cost

Period
Current
dollars

Chained
(2005)
dollars

5,279.4
5,252.5
5,307.7
5,503.7
5,877.5
6,302.8
6,740.3
6,946.0
6,990.5
6,625.2
6,896.9
6,965.5
6,908.6
7,013.2
6,971.4
6,971.5
7,087.3
6,932.0
6,694.3
6,580.4
6,558.4
6,667.8
6,804.4
6,916.2

5,707.9
5,604.6
5,629.3
5,767.4
6,040.4
6,302.8
6,536.5
6,626.5
6,686.4
6,284.3
6,598.8
6,620.3
6,558.8
6,728.0
6,724.4
6,717.5
6,721.9
6,581.9
6,309.3
6,216.4
6,210.3
6,401.0
6,567.6
6,631.8

jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

........................................................
........................................................
........................................................
........................................................
........................................................
........................................................
........................................................
........................................................
........................................................
........................................................
I ...................................................
II .................................................
III ................................................
IV ................................................
2008: I ...................................................
II .................................................
III ................................................
IV ................................................
2009: I ...................................................
II .................................................
III ................................................
IV ................................................
2010: I r ..................................................
II p ................................................

Total

Compensation of employees
(unit labor
cost)

0.925
.937
.943
.954
.973
1.000
1.031
1.048
1.045
1.054
1.045
1.052
1.053
1.042
1.037
1.038
1.054
1.053
1.061
1.059
1.056
1.042
1.036
1.043

1 Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the
Standard Industrial Classification (SIC); later estimates are based on the North American Industry Classification System (NAICS).
2 The implicit price deflator for gross value added of nonfinancial corporate business divided
by 100.

Total

0.621
.635
.630
.633
.627
.631
.640
.658
.663
.667
.653
.656
.665
.659
.663
.663
.661
.666
.668
.674
.672
.655
.640
.639

0.222
.236
.237
.237
.234
.243
.250
.264
.274
.282
.259
.261
.269
.267
.269
.273
.274
.281
.288
.285
.279
.274
.268
.267

Consumption of
fixed
capital

Taxes
on production
and imports 3

Net interest and
miscellaneous
payments

0.103
.113
.116
.116
.115
.118
.123
.127
.131
.140
.126
.126
.129
.127
.128
.130
.132
.136
.142
.142
.140
.136
.132
.132

0.085
.088
.092
.095
.097
.101
.102
.102
.102
.107
.102
.102
.103
.101
.101
.102
.102
.104
.106
.108
.106
.106
.104
.104

0.034
.035
.029
.026
.022
.024
.025
.035
.041
.035
.031
.033
.037
.039
.040
.041
.040
.041
.040
.035
.033
.032
.032
.031

Corporate profits with inventory
valuation and capital consumption
adjustments 4
Total

0.082
.066
.076
.084
.112
.127
.141
.126
.108
.106
.134
.135
.119
.117
.105
.102
.119
.107
.105
.099
.104
.113
.128
.137

Taxes on
corporate
income

0.030
.020
.017
.023
.031
.043
.047
.044
.034
.027
.047
.046
.043
.042
.037
.038
.037
.024
.025
.025
.026
.032
.040
.045

Profits
after
tax 5

0.052
.046
.059
.061
.081
.083
.094
.082
.074
.078
.087
.089
.077
.075
.067
.065
.083
.083
.080
.074
.078
.081
.088
.092

3 Less

subsidies plus business current transfer payments.
profits from current production.
inventory valuation and capital consumption adjustments.
Source: Department of Commerce, Bureau of Economic Analysis.

4 Unit

5 With

3
VerDate Mar 15 2010

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ECOIND

NATIONAL INCOME
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Proprietors’
income 1

National
income

Period

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

...........
...........
...........
...........
...........
...........
...........
...........
...........
...........
I ......
II ....
III ...
IV ...
2008: I ......
II ....
III ...
IV ...
2009: I ......
II ....
III ...
IV ...
2010: I r .....
II r ...
1 With

8,938.9
9,185.2
9,408.5
9,840.2
10,534.0
11,273.8
12,031.2
12,396.4
12,557.8
12,225.0
12,261.4
12,360.9
12,407.1
12,556.3
12,628.0
12,619.9
12,686.4
12,296.9
12,150.3
12,129.7
12,204.8
12,415.5
12,621.0
12,766.8

Compensation
of
employees

5,788.8
5,979.3
6,110.8
6,382.6
6,693.4
7,065.0
7,477.0
7,855.9
8,060.8
7,811.7
7,756.4
7,814.4
7,868.5
7,984.3
8,082.2
8,077.3
8,082.9
8,000.7
7,797.7
7,819.0
7,798.7
7,831.4
7,858.1
7,918.6

Farm

Nonfarm

29.6
30.5
18.5
36.5
49.7
43.9
29.3
37.8
50.8
30.5
36.2
34.1
35.0
45.9
60.7
52.7
50.5
39.5
29.6
28.0
28.0
36.2
36.8
35.7

Corporate profits with inventory valuation and
capital consumption adjustments

Rental
income
of
persons
with
capital
consumption
adjustment

787.8
840.2
871.8
894.1
984.1
1,025.9
1,103.6
1,052.6
1,051.2
981.5
1,066.8
1,056.0
1,044.3
1,043.3
1,046.6
1,063.4
1,061.1
1,033.5
989.0
972.5
978.4
985.9
994.0
1,012.7

215.3
232.4
218.7
204.2
198.4
178.2
146.5
143.7
222.0
274.0
122.4
139.8
146.8
165.9
182.4
206.0
237.1
262.6
264.7
269.4
279.1
282.8
292.7
300.7

Capital
consumption
adjustment

Net
interest
and
miscellaneous
payments

Taxes
on
production
and
imports

63.6
63.4
109.4
85.6
51.8
¥153.4
¥176.4
¥180.5
¥26.3
¥70.6
¥172.8
¥183.3
¥185.1
¥180.7
¥29.8
¥24.3
¥25.2
¥26.1
¥84.8
¥71.8
¥63.0
¥63.0
¥169.9
¥171.1

539.3
544.4
506.4
504.1
461.6
543.0
652.2
731.6
812.8
784.3
703.9
693.7
743.3
785.6
787.4
794.3
804.7
864.9
847.4
773.4
750.7
765.6
765.9
743.3

708.6
727.7
762.8
806.8
863.4
930.2
986.8
1,027.2
1,045.1
1,024.7
1,014.7
1,023.9
1,030.7
1,039.4
1,041.7
1,051.9
1,052.6
1,034.3
1,016.7
1,018.7
1,028.2
1,035.2
1,045.9
1,057.1

Profits with inventory valuation
adjustment and without capital
consumption adjustment
Total

819.2
784.2
872.2
977.8
1,246.9
1,456.1
1,608.3
1,510.6
1,262.8
1,258.0
1,515.5
1,565.3
1,501.0
1,460.8
1,376.3
1,329.0
1,350.8
995.0
1,138.2
1,178.0
1,297.5
1,418.2
1,566.6
1,639.3

Total

Profits
before
tax

Inventory
valuation
adjustment

755.7
720.8
762.8
892.2
1,195.1
1,609.5
1,784.7
1,691.1
1,289.1
1,328.6
1,688.3
1,748.7
1,686.0
1,641.5
1,406.1
1,353.3
1,376.0
1,021.0
1,223.0
1,249.8
1,360.5
1,481.2
1,736.5
1,810.4

772.5
712.7
765.3
903.5
1,229.4
1,640.2
1,822.7
1,738.4
1,333.2
1,316.7
1,738.6
1,783.5
1,715.1
1,716.3
1,534.8
1,493.3
1,442.7
861.9
1,130.0
1,219.2
1,369.2
1,548.4
1,772.9
1,813.9

¥16.8
8.0
¥2.6
¥11.3
¥34.3
¥30.7
¥38.0
¥47.2
¥44.1
11.9
¥50.3
¥34.8
¥29.1
¥74.8
¥128.7
¥140.0
¥66.7
159.1
93.0
30.6
¥8.7
¥67.2
¥36.4
¥3.5

inventory valuation and capital consumption adjustments.

Less:
Subsidies

Business
current
transfer
payments

Current
surplus
of government
enterprises

45.8
58.7
41.4
49.1
46.4
60.9
51.4
54.6
52.8
60.3
50.0
58.1
55.7
54.5
51.7
51.8
52.4
55.2
56.8
57.2
69.1
58.4
57.4
58.4

87.0
101.3
82.4
76.1
81.7
95.9
83.0
103.3
121.7
134.0
105.6
102.9
104.4
100.4
118.4
114.0
115.7
138.8
139.7
141.8
124.9
129.8
130.5
131.1

9.1
4.0
6.3
7.0
1.2
¥3.5
¥4.2
¥11.8
¥16.7
¥13.2
¥10.1
¥11.0
¥11.2
¥14.8
¥16.0
¥17.0
¥16.5
¥17.3
¥15.8
¥14.2
¥11.7
¥11.3
¥12.1
¥13.1

Source: Department of Commerce, Bureau of Economic Analysis.

REAL PERSONAL CONSUMPTION EXPENDITURES
[Billions of chained (2005) dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Goods
Total
personal
consumption
expenditures

Period

.............
.............
.............
.............
.............
.............
.............
.............
.............
.............
I ........
II ......
III .....
IV .....
2008: I ........
II ......
III .....
IV .....
2009: I ........
II ......
III .....
IV .....
2010: I ........
II r .....
jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

7,608.1
7,813.9
8,021.9
8,247.6
8,532.7
8,819.0
9,073.5
9,289.5
9,265.0
9,153.9
9,235.2
9,270.5
9,310.0
9,342.3
9,324.1
9,326.2
9,243.5
9,166.3
9,154.1
9,117.0
9,161.6
9,182.9
9,225.4
9,270.3

Services

Durable

Total
goods

2,521.7
2,600.9
2,706.6
2,829.9
2,955.3
3,073.9
3,173.9
3,261.6
3,180.3
3,117.4
3,241.1
3,252.4
3,271.9
3,281.0
3,232.6
3,235.2
3,171.4
3,082.3
3,095.7
3,084.0
3,138.2
3,151.8
3,195.4
3,223.5

Total
durable
goods 1

819.9
864.4
930.0
986.1
1,051.0
1,105.5
1,150.4
1,198.6
1,136.4
1,094.6
1,181.2
1,194.5
1,205.7
1,212.9
1,178.6
1,170.0
1,133.2
1,063.9
1,076.6
1,068.2
1,118.3
1,115.1
1,138.9
1,158.0

Nondurable

Motor
vehicles
and
parts

356.1
374.3
394.0
405.3
411.3
409.6
396.6
403.9
348.2
324.0
401.6
407.4
404.4
402.0
383.0
362.1
339.8
307.9
317.1
313.5
342.7
322.7
320.6
326.3

Total
nondurable
goods 1

1,714.7
1,745.6
1,780.2
1,845.6
1,904.6
1,968.4
2,023.6
2,064.3
2,041.2
2,017.4
2,060.2
2,059.0
2,067.7
2,070.3
2,054.5
2,064.6
2,035.6
2,010.1
2,012.0
2,008.3
2,016.9
2,032.3
2,053.5
2,064.1

Food and
beverages
purchased
for offpremises
consumption

600.6
607.6
609.0
622.4
639.2
665.0
686.2
697.5
691.6
685.1
697.3
693.5
696.4
702.7
700.3
699.8
691.2
675.1
675.2
681.2
687.8
696.3
702.7
697.0

1 Includes other items, not shown separately.
2 Food consists of food and beverages purchased for off-premises consumption; food services,
which include purchased meals and beverages, are not classified as food.
NOTE.—Because of the formula used for calculating real GDP, the chained (2005) dollar

Gasoline
and
other
energy
goods

287.1
289.2
294.0
302.2
306.5
304.8
298.4
295.9
282.0
285.5
298.4
296.4
296.1
292.8
287.2
284.0
274.7
282.2
287.0
286.5
285.1
283.5
284.0
287.3

Total
services 1

5,093.3
5,218.7
5,318.1
5,418.4
5,577.6
5,745.1
5,899.7
6,028.3
6,082.3
6,032.7
5,994.4
6,018.3
6,038.7
6,061.7
6,090.6
6,090.2
6,070.0
6,078.5
6,053.6
6,027.7
6,020.7
6,028.7
6,029.6
6,047.3

Household
consumption
expenditures

4,917.8
5,028.8
5,109.3
5,199.0
5,359.3
5,531.0
5,664.4
5,783.2
5,816.1
5,777.0
5,753.7
5,780.8
5,792.4
5,805.9
5,830.2
5,828.5
5,802.1
5,803.6
5,793.5
5,778.4
5,766.5
5,769.7
5,769.9
5,785.3

Housing
and
utilities

Health
care

1,413.7
1,451.5
1,462.0
1,480.2
1,512.8
1,582.8
1,616.7
1,626.4
1,638.6
1,656.9
1,625.8
1,624.8
1,628.6
1,626.2
1,636.3
1,637.6
1,630.9
1,649.7
1,650.1
1,652.0
1,659.4
1,666.3
1,664.3
1,667.7

1,081.5
1,135.4
1,202.3
1,229.4
1,268.6
1,316.0
1,340.0
1,371.6
1,410.0
1,440.4
1,362.9
1,368.2
1,372.9
1,382.3
1,401.5
1,411.0
1,410.1
1,417.4
1,430.0
1,442.1
1,441.6
1,447.9
1,446.7
1,449.7

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665.4
660.7
658.3
657.8
691.8
712.6
735.4
766.4
770.9
743.0
755.9
765.7
769.8
774.2
774.9
772.1
772.8
763.9
753.9
746.2
739.4
732.5
727.4
732.6

Retail
sales of
new
passenger
cars and
light
trucks
(millions
of units)

6,548.6
6,745.7
6,941.9
7,142.0
7,402.6
7,658.8
7,905.7
8,111.1
8,114.2
8,002.9
8,053.7
8,095.1
8,129.8
8,165.7
8,152.0
8,162.9
8,113.7
8,028.2
8,015.2
7,973.7
8,007.1
8,015.4
8,055.2
8,101.7

17.3
17.1
16.8
16.6
16.9
16.9
16.5
16.1
13.2
10.4
16.4
16.1
15.9
16.0
15.3
14.2
12.9
10.4
9.6
9.7
11.6
10.8
11.0
11.3

estimates for the detailed components do not add to the chained-dollar value of GDP or to any
intermediate aggregates.
Source: Department of Commerce, Bureau of Economic Analysis.

4
VerDate Mar 15 2010

Financial
services
and
insurance

Addendum:
Personal
consumption
expenditures
excluding
food and
energy 2

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ECOIND

SOURCES OF PERSONAL INCOME
Personal income rose $30.0 billion (annual rate) in July following a decrease of $2.7 billion in June. Wages and
salaries rose $22.1 billion in July following a decrease of $8.2 billion in June.

[Billions of dollars; monthly data at seasonally adjusted annual rates]
Compensation of employees, received

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2009:

.................
.................
.................
.................
.................
.................
.................
.................
.................
.................
July .......
Aug .......
Sept .......
Oct ........
Nov .......
Dec ........
2010: Jan r .......
Feb r .......
Mar r ......
Apr r .......
May r ......
June r .....
July p .....
jlentini on DSKJ8SOYB1PROD with ECOIND

1 With
2 With

Total

8,559.4
8,883.3
9,060.1
9,378.1
9,937.2
10,485.9
11,268.1
11,912.3
12,391.1
12,174.9
12,148.3
12,173.8
12,169.7
12,178.7
12,237.4
12,300.7
12,324.3
12,337.2
12,389.4
12,446.6
12,484.9
12,482.2
12,512.2

5,788.8
5,979.3
6,110.8
6,367.6
6,708.4
7,060.0
7,475.7
7,862.2
8,065.8
7,806.7
7,793.1
7,810.1
7,792.9
7,813.1
7,838.7
7,842.4
7,855.0
7,851.0
7,868.3
7,899.4
7,931.3
7,925.0
7,950.6

Wage and
salary
disbursements

4,827.7
4,952.2
4,997.3
5,139.6
5,425.7
5,701.0
6,068.9
6,421.7
6,559.0
6,274.1
6,259.6
6,274.5
6,257.6
6,272.1
6,291.2
6,291.5
6,291.3
6,284.8
6,298.1
6,325.3
6,352.8
6,344.6
6,366.7

961.2
1,027.1
1,113.5
1,228.0
1,282.7
1,359.1
1,406.9
1,440.4
1,506.8
1,532.6
1,533.5
1,535.7
1,535.2
1,541.1
1,547.5
1,550.9
1,563.7
1,566.1
1,570.2
1,574.1
1,578.5
1,580.4
1,584.0

Farm

29.6
30.5
18.5
36.5
49.7
43.9
29.3
37.8
50.8
30.5
26.7
27.5
29.9
34.0
36.7
38.0
37.4
36.8
36.2
35.9
35.7
35.5
41.0

Nonfarm

Personal income receipts on assets
Rental
income
of
persons 2

787.8
840.2
871.8
894.1
984.1
1,025.9
1,103.6
1,052.6
1,051.2
981.5
976.5
980.4
978.4
981.8
988.5
987.3
989.7
991.2
1,001.0
1,012.9
1,015.2
1,010.1
1,006.1

215.3
232.4
218.7
204.2
198.4
178.2
146.5
143.7
222.0
274.0
276.5
279.4
281.5
283.0
283.0
282.3
287.4
292.5
298.0
299.0
300.7
302.4
305.2

Total

1,360.7
1,346.0
1,309.6
1,312.9
1,408.5
1,542.0
1,829.7
2,057.0
2,109.3
1,919.7
1,905.4
1,889.3
1,878.5
1,870.7
1,880.8
1,915.9
1,913.3
1,916.1
1,903.8
1,908.8
1,910.1
1,908.7
1,905.3

Personal
interest
income

Personal
dividend
income

984.2
976.5
911.9
889.8
860.2
987.0
1,127.5
1,265.1
1,314.7
1,222.3
1,223.0
1,213.2
1,203.7
1,197.0
1,203.7
1,216.6
1,212.6
1,208.7
1,204.7
1,204.4
1,204.1
1,203.7
1,198.9

376.5
369.5
397.7
423.1
548.3
555.0
702.2
791.9
794.6
697.4
682.4
676.2
674.8
673.7
677.1
699.3
700.7
707.4
699.0
704.4
706.0
705.0
706.4

Personal
current
transfer
receipts 3

1,083.0
1,188.1
1,282.1
1,341.7
1,415.5
1,508.6
1,605.0
1,718.5
1,879.2
2,132.8
2,139.4
2,159.3
2,179.0
2,168.6
2,185.7
2,210.5
2,228.7
2,236.3
2,271.4
2,283.5
2,288.9
2,296.8
2,303.0

Less: Contributions
for government social
insurance,
domestic

705.8
733.2
751.5
778.9
827.3
872.7
921.8
959.5
987.2
970.3
969.2
972.2
970.4
972.5
976.0
975.8
987.3
986.7
989.3
992.9
996.9
996.2
999.1

3 Consists

inventory valuation and capital consumption adjustments.
capital consumption adjustment.

mainly of social insurance benefits to persons.
Source: Department of Commerce, Bureau of Economic Analysis.

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Period

Total
personal
income

Supplements to
wages
and
salaries

Proprietors’ income 1

DISPOSITION OF PERSONAL INCOME
According to revised estimates, per capita disposable personal income in chained (2005) dollars rose 3.6 percent
in the second quarter of 2010.

Personal
income

Period

Less:
Personal
current
taxes

Equals:
Disposable
personal
income

Less:
Personal
outlays 1

Equals:
Personal
saving

Disposable
personal
income in
billions of
chained
(2005)
dollars

Per capita
disposable personal
income
Current
dollars

Billions of dollars
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

..............
..............
..............
..............
..............
..............
..............
..............
..............
..............

8,559.4
8,883.3
9,060.1
9,378.1
9,937.2
10,485.9
11,268.1
11,912.3
12,391.1
12,174.9

Chained
(2005)
dollars

Per capita personal
consumption
expenditures
Current
dollars

Chained
(2005)
dollars

Dollars

1,232.3 7,327.2 7,114.1
1,234.8 7,648.5 7,443.5
1,050.4 8,009.7 7,727.5
1,000.3 8,377.8 8,088.0
1,047.8 8,889.4 8,585.7
1,208.6 9,277.3 9,149.6
1,352.4 9,915.7 9,680.7
1,488.7 10,423.6 10,208.9
1,438.2 10,952.9 10,505.0
1,140.0 11,034.9 10,379.6

213.1
204.9
282.2
289.8
303.7
127.7
235.0
214.7
447.9
655.3

8,161.5
8,360.1
8,637.1
8,853.9
9,155.1
9,277.3
9,650.7
9,874.2
10,042.9
10,099.8

25,944
26,805
27,799
28,805
30,287
31,318
33,157
34,512
35,931
35,888

Percent
change
in real
per capita
disposable
personal
income

Saving as
percent of
disposable
personal
income

Population,
including
Armed
Forces
overseas
(thousands) 2

Percent

28,899
29,299
29,976
30,442
31,193
31,318
32,271
32,693
32,946
32,847

24,185
25,054
25,819
26,832
28,228
29,771
31,174
32,469
33,148
32,526

26,939
27,385
27,841
28,357
29,072
29,771
30,341
30,757
30,394
29,770

3.9
1.4
2.3
1.6
2.5
.4
3.0
1.3
.8
¥.3

2.9
2.7
3.5
3.5
3.4
1.4
2.4
2.1
4.1
5.9

282,418
285,335
288,133
290,845
293,502
296,229
299,052
302,025
304,831
307,483

32,674
32,644
32,681
32,775
32,821
33,480
32,672
32,810
32,780
33,191
32,746
32,673
32,717
33,004

32,012
32,336
32,575
32,947
33,132
33,448
33,430
32,584
32,343
32,302
32,619
32,839
33,097
33,190

30,691
30,736
30,786
30,816
30,690
30,634
30,289
29,966
29,867
29,687
29,763
29,764
29,844
29,931

.8
¥.4
.5
1.2
.6
8.3
¥9.3
1.7
¥.4
5.1
¥5.3
¥.9
.5
3.6

2.3
2.0
1.8
2.1
2.7
4.8
3.6
5.2
5.4
7.2
5.6
5.5
5.5
6.1

300,913
301,617
302,406
303,166
303,810
304,445
305,177
305,890
306,496
307,101
307,815
308,521
309,120
309,724

2007: I .........
II .......
III ......
IV ......
2008: I .........
II .......
III ......
IV ......
2009: I .........
II .......
III ......
IV ......
2010: I r .......
II r ......

11,714.3
11,839.0
11,954.4
12,141.4
12,300.4
12,460.9
12,447.0
12,356.3
12,093.2
12,203.4
12,164.0
12,239.0
12,350.3
12,471.2

1,458.7
1,480.4
1,497.5
1,518.0
1,535.8
1,331.6
1,442.4
1,443.0
1,213.4
1,112.5
1,117.0
1,117.2
1,134.7
1,136.2

10,255.5
10,358.6
10,456.9
10,623.4
10,764.6
11,129.2
11,004.7
10,913.3
10,879.8
11,090.9
11,047.0
11,121.7
11,215.6
11,335.1

10,014.9
10,153.8
10,267.2
10,399.7
10,475.2
10,591.6
10,608.0
10,345.3
10,291.6
10,297.4
10,423.6
10,505.7
10,603.9
10,648.1

240.6
204.8
189.7
223.7
289.3
537.7
396.7
568.0
588.2
793.5
623.4
616.0
611.8
686.9

9,832.1
9,845.9
9,882.8
9,936.1
9,971.4
10,192.8
9,970.8
10,036.3
10,046.9
10,193.0
10,079.7
10,080.4
10,113.3
10,222.1

1 Includes personal consumption expenditures, personal interest payments (nonmortgage), and
personal current transfer payments.
2 Annual data are averages of quarterly data, which are averages for the period.

34,081
34,344
34,579
35,042
35,432
36,556
36,060
35,677
35,497
36,115
35,888
36,049
36,282
36,597

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).

6
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Seasonally adjusted annual rates

FARM INCOME
According to the revised forecast for 2010, gross farm income is forecast at $361.1 billion, and net farm income
at $77.1 billion.

[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Income of farm operators from farming
Gross farm income
Cash marketing receipts
Total 1

jlentini on DSKJ8SOYB1PROD with ECOIND

Total

2001 ................................
2002 ................................
2003 ................................
2004 ................................
2005 ................................
2006 r ...............................
2007 r ...............................
2008 r ...............................
2009 r ...............................
2010 r ...............................
2008: I r .........................
II r ........................
III r ......................
IV r .......................
2009: I r .........................
II r ........................
III r ......................
IV r .......................
2010: I r .........................
II r ........................
III r ......................
IV r .......................

249.9
230.6
258.6
294.7
298.4
290.2
339.5
379.6
343.2
361.1
419.4
377.2
367.5
354.1
371.7
354.8
315.5
330.8
379.0
345.4
356.2
363.9

Livestock and
products

200.0
194.6
216.1
238.0
241.0
240.6
288.5
318.3
283.4
301.8
342.6
323.0
314.0
293.8
297.6
299.9
265.7
270.4
307.2
294.7
303.4
301.7

106.7
93.9
105.7
123.5
124.9
118.5
138.5
141.5
119.8
137.5
143.4
142.5
141.1
139.2
120.2
120.0
120.7
118.2
132.7
135.9
142.1
139.3

1 Cash marketing receipts, Government payments, value of changes in inventories, other farm
related cash income, and nonmoney income produced by farms including imputed rent of operator residences.
2 Crop receipts include proceeds received from commodities placed under Commodity Credit
Corporation loans.
3 Physical changes in beginning and ending year inventories of crop and livestock commodities
valued at weighted average market prices during the period.

Value of
inventory
changes 3

Crops 2

93.4
100.7
110.5
114.5
116.1
122.1
150.1
176.8
163.7
164.3
199.2
180.5
172.9
154.6
177.4
180.0
145.0
152.2
174.5
158.8
161.4
162.4

Direct
Government
payments 4

1.1
¥3.5
¥2.7
11.2
¥.4
¥3.1
.6
6.6
4.5
2.8
7.1
6.7
6.5
6.1
4.7
4.7
4.2
4.2
2.8
2.7
2.8
2.8

Production
expenses

22.4
12.4
16.5
13.0
24.4
15.8
11.9
12.2
12.3
11.9
24.1
4.5
5.2
15.1
24.2
4.5
5.2
15.1
23.5
4.4
5.1
14.7

195.0
191.4
197.7
207.3
219.7
232.7
269.2
293.0
281.0
284.0
315.3
297.3
289.0
270.3
295.1
297.4
263.5
268.1
289.2
277.4
285.6
284.0

Net farm
income

54.9
39.1
60.9
87.3
78.7
57.4
70.3
86.6
62.2
77.1
104.1
80.0
78.6
83.7
76.6
57.4
52.0
62.8
89.8
68.0
70.6
79.9

4 Includes

only Government payments made directly to farmers.
NOTE.—Data for 2010 are forecasts.
Source: Department of Agriculture.

7
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Period

CORPORATE PROFITS
In the second quarter of 2010, according to current estimates, corporate profits before tax rose $41.0 billion (annual
rate) and profits after tax rose $2.0 billion.

[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Profits (before tax) with inventory valuation adjustment 1

Profits after tax

Domestic industries
Nonfinancial

Total 2
Total

............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
I ......................
II .....................
III ....................
IV ....................
2008: I ......................
II .....................
III ....................
IV ....................
2009: I ......................
II .....................
III ....................
IV ....................
2010: I ......................
II p ....................
jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

1 See

755.7
720.8
762.8
892.2
1,195.1
1,609.5
1,784.7
1,691.1
1,289.1
1,328.6
1,688.3
1,748.7
1,686.0
1,641.5
1,406.1
1,353.3
1,376.0
1,021.0
1,223.0
1,249.8
1,360.5
1,481.2
1,736.5
1,810.4

610.0
551.1
604.9
726.4
990.1
1,370.0
1,527.8
1,340.2
877.8
976.3
1,400.3
1,436.2
1,312.2
1,212.4
976.0
941.1
931.8
662.5
873.8
916.6
996.2
1,118.6
1,348.0
1,416.6

Financial

Total 3

189.6
228.0
265.2
311.8
362.3
443.6
448.0
345.5
139.9
258.0
364.0
379.9
366.3
271.8
253.5
242.5
116.5
¥52.7
141.6
243.4
300.2
346.7
362.7
362.4

420.4
143.9
25.6
58.7
60.7
323.1
49.7
25.2
51.3
72.6
339.7
47.7
12.3
49.1
81.6
414.6
69.4
12.4
54.8
88.9
627.8
154.1
19.4
75.6
93.4
926.4
247.2
29.8
92.2
122.6
1,079.9
304.5
54.4
103.7
133.2
994.7
271.3
50.3
99.9
117.8
737.9
183.7
28.3
84.0
75.0
718.4
150.9
30.0
80.4
99.0
1,036.3
289.5
54.7
105.1
121.0
1,056.3
303.2
50.6
108.9
131.1
945.8
229.8
57.3
104.7
114.1
940.6
262.7
38.6
80.9
105.0
722.5
196.7
15.6
58.1
71.2
698.6
161.6
¥18.0
65.4
74.0
815.3
211.2
66.0
88.2
74.2
715.2
165.2
49.6
124.5
80.4
732.3
141.0
37.7
103.9
97.7
673.2
139.7
33.4
73.8
99.7
696.0
151.8
22.4
70.8
101.3
771.9
170.9
26.4
73.0
97.1
985.3
250.4
41.5
91.5
129.1
1,054.2 ................ ................ .............. ..............

Manufacturing

Utilities

p. 4 for profits with inventory valuation and capital consumption adjustments.
rest of the world, not shown separately.
industries not shown separately.

2 Includes
3 Includes

Wholesale

Retail
772.5
712.7
765.3
903.5
1,229.4
1,640.2
1,822.7
1,738.4
1,333.2
1,316.7
1,738.6
1,783.5
1,715.1
1,716.3
1,534.8
1,493.3
1,442.7
861.9
1,130.0
1,219.2
1,369.2
1,548.4
1,772.9
1,813.9

265.1
203.3
192.3
243.8
306.1
412.4
473.3
445.5
308.4
254.9
474.1
467.9
431.0
408.8
356.7
343.0
313.3
220.4
222.0
222.8
255.7
319.1
403.2
442.2

Total

Net
dividends

Inventory
Undisvalutributed ation adprofits justment

507.4
509.4
573.0
659.7
923.3
1,227.8
1,349.5
1,292.9
1,024.8
1,061.8
1,264.4
1,315.6
1,284.1
1,307.5
1,178.1
1,150.4
1,129.4
641.5
908.0
996.5
1,113.5
1,229.3
1,369.7
1,371.7

377.9
370.9
399.3
424.9
550.3
557.3
704.8
794.5
797.7
718.9
756.5
804.4
809.7
807.4
812.7
802.1
798.4
777.5
747.8
719.7
699.6
708.5
720.3
r 724.8

129.5
138.5
173.8
234.8
373.0
670.5
644.7
498.4
227.2
342.9
508.0
511.2
474.3
500.1
365.4
348.3
331.0
¥135.9
160.2
276.7
413.9
520.8
649.4
646.9

NOTE.—Data by industry are based on the North American Industry Classification System
(NAICS).
Source: Department of Commerce, Bureau of Economic Analysis.

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¥16.8
8.0
¥2.6
¥11.3
¥34.3
¥30.7
¥38.0
¥47.2
¥44.1
11.9
¥50.3
¥34.8
¥29.1
¥74.8
¥128.7
¥140.0
¥66.7
159.1
93.0
30.6
¥8.7
¥67.2
¥36.4
¥3.5

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ECOIND

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Period

Profits
before
tax

Taxes
on
corporate
income

REAL GROSS PRIVATE DOMESTIC INVESTMENT
In the second quarter of 2010, according to revised estimates, nonresidential fixed investment in chained (2005)
dollars rose $53.9 billion (annual rate) and residential investment rose $20.4 billion. There was an increase of $63.2
billion in inventories following an increase of $44.1 billion in the first quarter.

[Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates]
Fixed investment
Period

jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

Change in private
inventories

Nonresidential
Total
Total

Equipment
and software

Residential

Structures

Total

Nonfarm

.................................................................................
.................................................................................
.................................................................................
.................................................................................
.................................................................................
.................................................................................
.................................................................................
..................................................................................
.................................................................................
.................................................................................

1,970.3
1,831.9
1,807.0
1,871.6
2,058.2
2,172.2
2,230.4
2,161.6
1,957.3
1,515.7

1,913.8
1,877.6
1,798.1
1,856.2
1,992.5
2,122.3
2,171.3
2,132.7
1,997.0
1,630.7

1,318.5
1,281.8
1,180.2
1,191.0
1,263.0
1,347.3
1,453.9
1,552.0
1,556.6
1,290.8

440.0
433.3
356.6
343.0
346.7
351.8
384.0
438.2
464.2
369.6

895.8
866.9
830.3
851.4
917.3
995.6
1,069.6
1,109.0
1,082.0
916.3

580.0
583.3
613.8
664.3
729.5
775.0
718.2
584.2
444.2
342.7

60.2
¥41.8
12.8
17.3
66.3
50.0
59.4
27.7
¥37.6
¥113.1

61.2
¥41.5
15.6
17.2
58.3
49.8
63.2
28.7
¥39.0
¥116.9

2007: I ............................................................................
II ...........................................................................
III .........................................................................
IV ..........................................................................
2008: I ............................................................................
II ...........................................................................
III .........................................................................
IV ..........................................................................

2,146.1
2,195.1
2,178.9
2,126.1
2,074.3
2,033.8
1,967.2
1,753.8

2,127.7
2,147.2
2,140.8
2,114.9
2,081.6
2,057.3
1,993.3
1,855.6

1,499.0
1,539.1
1,574.1
1,595.9
1,603.7
1,597.0
1,561.5
1,464.2

404.8
430.6
454.6
462.9
462.7
471.2
466.9
456.1

1,093.0
1,104.6
1,112.6
1,125.7
1,134.0
1,116.5
1,084.1
993.3

631.3
611.4
570.6
523.3
482.2
464.4
435.6
394.7

17.3
44.9
36.1
12.6
¥8.2
¥20.6
¥27.4
¥94.3

12.0
50.3
38.9
13.7
.2
¥25.6
¥29.4
¥101.1

2009: I ............................................................................
II ...........................................................................
III .........................................................................
IV ..........................................................................
2010: I ............................................................................
II r .........................................................................

1,529.5
1,453.2
1,494.5
1,585.7
1,690.2
1,787.0

1,663.4
1,619.6
1,622.4
1,617.1
1,630.5
1,704.7

1,313.7
1,288.3
1,282.9
1,278.3
1,302.6
1,356.5

399.7
377.8
365.5
335.3
319.3
319.6

903.4
903.8
913.1
944.7
989.7
1,046.3

352.7
333.9
342.4
341.7
330.7
351.1

¥125.8
¥161.8
¥128.2
¥36.7
44.1
63.2

¥128.6
¥168.5
¥127.7
¥43.0
36.5
53.4

NOTE.—See p. 10 for further detail on fixed investment by type.
Because of the formula used for calculating real GDP, the chained (2005) dollar estimates
for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates.

Source: Department of Commerce, Bureau of Economic Analysis.

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ECOIND

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Gross
private
domestic
investment

REAL PRIVATE FIXED INVESTMENT BY TYPE
[Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates]
Nonresidential

Residential

Equipment and software

Period

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

Total
fixed
investment

Structures

Information processing equipment
and software
Total
nonresidential

Structures

Total

Computers and
peripheral
equipment 1

Software

Total

Transportation
equipment

Other
equipment

Total
residential

Total 2

Single
family

Other

Industrial
equipment

Equipment

.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
I ....................
II ...................
III .................
IV ..................

1,913.8
1,877.6
1,798.1
1,856.2
1,992.5
2,122.3
2,171.3
2,132.7
1,997.0
1,630.7
2,127.7
2,147.2
2,140.8
2,114.9

1,318.5
1,281.8
1,180.2
1,191.0
1,263.0
1,347.3
1,453.9
1,552.0
1,556.6
1,290.8
1,499.0
1,539.1
1,574.1
1,595.9

440.0
433.3
356.6
343.0
346.7
351.8
384.0
438.2
464.2
369.9
404.8
430.6
454.6
462.9

895.8
866.9
830.3
851.4
917.3
995.6
1,069.6
1,109.0
1,082.0
916.3
1,093.0
1,104.6
1,112.6
1,125.7

391.9
390.2
379.3
405.0
443.1
475.3
514.8
560.5
594.7
595.8
546.5
550.2
561.5
583.8

.............
.............
.............
.............
.............
.............
.............
.............
.............
.............
.............
.............
.............
.............

172.4
173.7
173.4
185.6
204.6
218.0
227.1
240.9
254.9
259.3
238.9
239.2
241.1
244.2

168.4
163.2
148.4
156.4
168.1
178.4
191.2
210.6
217.9
215.5
201.4
205.8
210.9
224.5

175.8
162.8
151.9
151.6
147.4
159.6
172.9
179.9
172.2
132.2
172.6
185.0
185.4
176.5

186.2
169.6
154.2
140.4
162.3
181.7
196.5
185.8
143.0
69.4
195.1
184.1
181.3
182.6

150.4
149.3
148.2
155.0
164.4
178.9
185.5
184.2
177.5
137.8
179.9
185.8
185.6
185.6

580.0
583.3
613.8
664.3
729.5
775.0
718.2
584.2
444.2
342.7
631.3
611.4
570.6
523.3

572.6
575.6
605.9
655.9
720.1
765.2
708.1
574.2
434.7
333.9
621.3
601.5
560.7
513.5

315.0
315.4
327.7
362.6
406.1
433.5
391.1
284.0
178.2
105.4
314.0
301.8
278.0
242.1

7.4
7.6
7.9
8.4
9.4
9.8
10.2
10.0
9.7
9.0
10.1
10.0
10.0
10.0

2008: I ....................
II ...................
III .................
IV ..................

2,081.6
2,057.3
1,993.3
1,855.6

1,603.7
1,597.0
1,561.5
1,464.2

462.7
471.2
466.9
456.1

1,134.0
1,116.5
1,084.1
993.3

597.4
606.2
598.1
577.2

.............
.............
.............
.............

253.4
254.8
256.3
255.0

221.0
224.1
219.3
207.4

177.6
176.2
172.4
162.8

182.1
158.1
136.5
95.3

180.8
181.1
182.3
165.7

482.2
464.4
435.6
394.7

472.6
454.6
426.1
385.7

209.5
193.0
168.2
142.3

9.8
10.0
9.7
9.2

2009: I ....................
II ...................
III .................
IV ..................
2010: I ....................
II r ..................

1,663.4
1,619.6
1,622.4
1,617.1
1,630.5
1,704.7

1,313.7
1,288.3
1,282.9
1,278.3
1,302.6
1,356.5

399.7
377.8
365.5
335.3
319.3
319.6

903.4
903.8
913.1
944.7
989.7
1,046.3

567.3
581.4
601.8
632.9
645.7
668.8

.............
.............
.............
.............
.............
.............

250.7
256.2
260.7
269.5
275.4
280.7

204.8
209.5
220.3
227.4
232.3
239.5

138.2
132.8
129.3
128.3
128.4
140.8

64.2
70.5
68.5
74.5
95.8
110.1

148.1
136.4
134.1
132.7
142.4
148.3

352.7
333.9
342.4
341.7
330.7
351.1

344.0
325.4
333.6
332.7
321.4
341.7

110.0
94.7
106.2
110.9
115.9
122.7

8.9
8.7
9.0
9.2
9.5
9.7

1 For details on this component, see Survey of Current Business, Tables 5.3.6, 5.3.1 for
growth rates, 5.3.2 for contributions, and 5.3.3 for quantity indexes.
2 Includes other items, not shown separately.

NOTE.—Because of the formula used for calculating real GDP, the chained (2005) dollar
estimates for the detailed components do not add to the chained-dollar value of GDP or to any
intermediate aggregates.
Source: Department of Commerce, Bureau of Economic Analysis.

BUSINESS INVESTMENT
[Billions of dollars]
Capital expenditures
By industry

Period

Total
capital
expenditures

Total
by
industry

Forestry,
fishing
and
agricultural
services

Mining

Con- ManuUtili- strucfacties
turtion
ing

ProFor
Real fesscomTransesional, Health
panies
portaFiscien- care
withWhole- Retail
tion
Infor- nance tate
and
tific,
and
out
sale
and
maand rental and
Other 1 emtrade
social
trade
waretion insur- and
assisployhousance leas- technical tance
ees
ing
ing
services

jlentini on DSKJ8SOYB1PROD with ECOIND

For companies with employees
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008

........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................

807.1 .............. ........... ............ ......... .......... ........... ............ .......... ............ .......... .......... .......... .......... ........... ........... ..........
871.8 .............. ........... ............ ......... .......... ........... ............ .......... ............ .......... .......... .......... .......... ........... ........... ..........
970.9
896.5
0.9
40.4 36.0 26.9 203.6
29.2 57.3
51.3 96.5 118.2 85.2
22.3
47.1
81.7 74.4
1,047.0
974.6
1.7
30.6 42.8 23.1 196.4
32.4 64.1
57.3 122.8 130.1 100.6
29.5
51.3
91.8 72.3
1,161.0 1,089.9
1.5
42.5 61.3 25.0 214.8
33.6 69.8
59.9 160.2 133.7 92.5
34.1
52.2 108.9 71.2
1,109.0 1,052.3
1.5
51.3 82.8 24.8 192.8
30.0 66.9
57.8 144.8 131.1 82.7
30.5
52.9 102.5 56.7
997.9
917.5
1.9
42.5 65.5 24.8 157.2
26.8 59.3
47.1 88.2 128.4 94.5
25.9
59.3
96.1 80.4
975.0
886.8
1.9
50.5 54.6 23.2 149.1
26.0 65.9
44.5 80.5 120.8 88.0
24.7
61.2
96.2 88.2
1,042.1
953.2
2.1
51.3 50.4 28.6 156.7
32.3 72.2
46.1 83.5 153.6 91.6
26.7
64.6
93.6 88.9
1,144.8 1,062.5
2.7
66.7 58.0 30.1 165.6
40.6 73.5
56.9 91.4 161.4 103.0
33.1
73.8 105.6 82.2
1,309.9 1,217.1
2.7
99.3 69.8 30.3 192.4
36.6 86.7
68.0 104.4 163.1 132.1
30.3
75.3 126.3 92.8
1,354.7 1,270.5
2.1 120.7 85.4 36.7 197.3
30.8 82.5
67.4 106.1 173.4 117.5
31.8
84.2 134.8 84.2
1,375.1 1,295.5
2.4 149.9 98.3 41.7 211.4
32.9 73.4
79.6 103.4 145.4 96.0
32.7
90.0 138.3 79.7

1 Includes the following industries: Management of companies and enterprises; administrative
and support and waste management; educational services; arts, entertainment, and recreation;
accommodation and food services; and other services (except public administration). Also includes an item for structure and equipment expenditures serving multiple industry categories.

NOTE.—Data from Annual Capital Expenditures. Industry data are based on the North
American Industry Classification System (NAICS).
Data shown in this table are capital expenditures for both new and used structures and
equipment.
Source: Department of Commerce, Bureau of the Census.

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ECOIND

EMPLOYMENT, UNEMPLOYMENT, AND WAGES
STATUS OF THE LABOR FORCE
In August, employment rose by 290,000 and unemployment rose by 261,000.

[Thousands of persons 16 years of age and over, except as noted; monthly data seasonally adjusted except as noted by NSA]
Civilian employment

2000 2 ................
2001 .................
2002 ..................
2003 2 ................
2004 2 ................
2005 2 ................
2006 2 ................
2007 2 ................
2008 2 ................
2009 2 ................
2009: Aug .......
Sept .......
Oct ........
Nov ........
Dec ........
2010: Jan 2 ......
Feb ........
Mar .......
Apr ........
May .......
June ......
July .......
Aug .......

Civilian
noninstitutional
population
(NSA)

Civilian
labor
force

Total

Men
20
years
and
over

212,577
215,092
217,570
221,168
223,357
226,082
228,815
231,867
233,788
235,801
236,087
236,322
236,550
236,743
236,924
236,832
236,998
237,159
237,329
237,499
237,690
237,890
238,099

142,583
143,734
144,863
146,510
147,401
149,320
151,428
153,124
154,287
154,142
154,426
153,927
153,854
153,720
153,059
153,170
153,512
153,910
154,715
154,393
153,741
153,560
154,110

136,891
136,933
136,485
137,736
139,252
141,730
144,427
146,047
145,362
139,877
139,433
138,768
138,242
138,381
137,792
138,333
138,641
138,905
139,455
139,420
139,119
138,960
139,250

69,634
69,776
69,734
70,415
71,572
73,050
74,431
75,337
74,750
71,341
71,142
70,861
70,662
70,662
70,391
70,390
70,623
70,913
71,358
71,477
71,316
71,332
71,521

Women
20 years
and
over

60,067
60,417
60,420
61,402
61,773
62,702
63,834
64,799
65,039
63,699
63,552
63,280
63,133
63,269
62,998
63,527
63,538
63,495
63,552
63,505
63,516
63,314
63,356

Both
sexes
16–19
years

Total

7,189
6,740
6,332
5,919
5,907
5,978
6,162
5,911
5,573
4,837
4,740
4,627
4,448
4,450
4,403
4,416
4,480
4,496
4,544
4,438
4,286
4,315
4,373

5,692
6,801
8,378
8,774
8,149
7,591
7,001
7,078
8,924
14,265
14,993
15,159
15,612
15,340
15,267
14,837
14,871
15,005
15,260
14,973
14,623
14,599
14,860

1 Civilian labor force (or employment) as percent of civilian noninstitutional population; and
unemployment as percent of civilian labor force.
2 Not strictly comparable with earlier data.
NOTE.—Beginning January 2010, data reflect revised population controls and are not strictly
comparable with earlier data.

Men
20
years
and
over
2,376
3,040
3,896
4,209
3,791
3,392
3,131
3,259
4,297
7,555
8,055
8,116
8,362
8,239
8,011
7,835
7,848
7,882
7,998
7,760
7,793
7,638
7,811

Women
20
years
and
over

Both
sexes
16–19
years

2,235
2,599
3,228
3,314
3,150
3,013
2,751
2,718
3,342
5,157
5,295
5,406
5,554
5,473
5,622
5,422
5,531
5,532
5,712
5,623
5,343
5,433
5,488

1,081
1,162
1,253
1,251
1,208
1,186
1,119
1,101
1,285
1,552
1,643
1,637
1,696
1,627
1,634
1,580
1,491
1,591
1,550
1,590
1,486
1,528
1,561

Not in
labor
force

Labor
force
participation
rate

Employment/
population
ratio

Unemployment
rate

67.1
66.8
66.6
66.2
66.0
66.0
66.2
66.0
66.0
65.4
65.4
65.1
65.0
64.9
64.6
64.7
64.8
64.9
65.2
65.0
64.7
64.6
64.7

64.4
63.7
62.7
62.3
62.3
62.7
63.1
63.0
62.2
59.3
59.1
58.7
58.4
58.5
58.2
58.4
58.5
58.6
58.8
58.7
58.5
58.4
58.5

4.0
4.7
5.8
6.0
5.5
5.1
4.6
4.6
5.8
9.3
9.7
9.8
10.1
10.0
10.0
9.7
9.7
9.7
9.9
9.7
9.5
9.5
9.6

69,994
71,359
72,707
74,658
75,956
76,762
77,387
78,743
79,501
81,659
81,661
82,396
82,696
83,022
83,865
83,663
83,487
83,249
82,614
83,107
83,949
84,330
83,989

See Employment and Earnings for details on breaks in series.
Source: Department of Labor, Bureau of Labor Statistics.

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Period

Percent 1

Unemployment

SELECTED UNEMPLOYMENT RATES
In August, the unemployment rate rose to 9.6 percent.

[Monthly data seasonally adjusted]
Unemployment rate (percent of civilian labor force in group)
By race or ethnicity 1

jlentini on DSKJ8SOYB1PROD with ECOIND

Period

All
civilian
workers

2000 ........................
2001 ........................
2002 ........................
2003 ........................
2004 .........................
2005 .........................
2006 .........................
2007 .........................
2008 .........................
2009 .........................
2009: Aug ..............
Sept ..............
Oct ...............
Nov ..............
Dec ...............
2010: Jan ...............
Feb ...............
Mar ..............
Apr ...............
May ..............
June .............
July ..............
Aug ..............

4.0
4.7
5.8
6.0
5.5
5.1
4.6
4.6
5.8
9.3
9.7
9.8
10.1
10.0
10.0
9.7
9.7
9.7
9.9
9.7
9.5
9.5
9.6

Men
20 years
and over

Women
20 years
and over

3.3
4.2
5.3
5.6
5.0
4.4
4.0
4.1
5.4
9.6
10.2
10.3
10.6
10.4
10.2
10.0
10.0
10.0
10.1
9.8
9.9
9.7
9.8

3.6
4.1
5.1
5.1
4.9
4.6
4.1
4.0
4.9
7.5
7.7
7.9
8.1
8.0
8.2
7.9
8.0
8.0
8.2
8.1
7.8
7.9
8.0

Both
sexes
16–19
years

13.1
14.7
16.5
17.5
17.0
16.6
15.4
15.7
18.7
24.3
25.7
26.1
27.6
26.8
27.1
26.4
25.0
26.1
25.4
26.4
25.7
26.1
26.3

White

3.5
4.2
5.1
5.2
4.8
4.4
4.0
4.1
5.2
8.5
8.9
9.1
9.4
9.3
9.0
8.7
8.8
8.8
9.0
8.8
8.6
8.6
8.7

1 Beginning in 2003, persons who selected this race group only. Prior to 2003, persons who
reported more than one race were included in the group they identified as the main race. Persons whose ethnicity is identified as Hispanic or Latino may be of any race.

By selected groups

Black or
African
American

Asian
(NSA)

Hispanic or
Latino
ethnicity

7.6
8.6
10.2
10.8
10.4
10.0
8.9
8.3
10.1
14.8
15.2
15.5
15.7
15.6
16.2
16.5
15.8
16.5
16.5
15.5
15.4
15.6
16.3

3.6
4.5
5.9
6.0
4.4
4.0
3.0
3.2
4.0
7.3
7.5
7.4
7.5
7.3
8.4
8.4
8.4
7.5
6.8
7.5
7.7
8.2
7.2

5.7
6.6
7.5
7.7
7.0
6.0
5.2
5.6
7.6
12.1
13.0
12.7
13.1
12.7
12.9
12.6
12.4
12.6
12.5
12.4
12.4
12.1
12.0

Married
men,
spouse
present

2.0
2.7
3.6
3.8
3.1
2.8
2.4
2.5
3.4
6.6
7.1
7.3
7.5
7.5
7.3
6.6
6.8
6.7
6.6
6.7
6.8
6.6
6.8

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Full-time
workers

Part-time
workers

5.9
6.6
8.0
8.5
8.0
7.8
7.1
6.5
8.0
11.5
12.2
11.6
12.9
11.4
13.0
12.3
11.6
11.3
11.0
11.6
12.1
13.4
13.4

3.8
4.7
5.9
6.1
5.6
5.0
4.5
4.6
5.8
10.0
10.5
10.7
11.1
11.0
10.9
10.4
10.5
10.5
10.6
10.4
10.2
10.2
10.3

4.8
5.1
5.2
5.5
5.3
5.4
5.1
4.9
5.5
6.0
6.3
6.4
6.1
5.6
6.0
6.4
6.2
6.7
6.5
6.7
6.4
6.4
6.7

NOTE.—Data relate to persons age 16 years and over.
Source: Department of Labor, Bureau of Labor Statistics.

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Women
who
maintain
families
(NSA)

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By sex and age

SELECTED MEASURES OF UNEMPLOYMENT AND UNEMPLOYMENT INSURANCE
PROGRAMS
In August, the percentages of the unemployed who had been out of work for less than 5 weeks and for 27
weeks and over fell, while the percentages for 5–14 weeks and for 15–26 weeks rose. The mean duration of
unemployment fell to 33.6 weeks and the median duration fell to 19.9 weeks.

[Monthly data seasonally adjusted, except as noted]
Duration of unemployment

Period

Unemployment
(thousands)

Percent distribution
Less
than
5
weeks

5–14
weeks

15–26
weeks

Reason for unemployment:
percent distribution

State
programs

Number of weeks
27
weeks
and
over

Average
(mean)

Median

Job
losers 1

Job
leavers

Reentrants

New
entrants

Insured
unemployment
(NSA)

Initial
claims
(NSA)

Insured
unemployment,
all
programs
(NSA) 2

2000 .........................................
2001 .........................................
2002 .........................................
2003 .........................................
2004 ..........................................
2005 ..........................................
2006 ..........................................
2007 ..........................................
2008 ..........................................
2009 ..........................................
2009: Aug ...............................
Sept ...............................
Oct ................................
Nov ...............................
Dec ................................
2010: Jan ................................
Feb ................................
Mar ...............................
Apr ................................
May ...............................
June ..............................
July ...............................
Aug ...............................

5,692
6,801
8,378
8,774
8,149
7,591
7,001
7,078
8,924
14,265
14,993
15,159
15,612
15,340
15,267
14,837
14,871
15,005
15,260
14,973
14,623
14,599
14,860

44.9
42.0
34.5
31.7
33.1
35.1
37.3
35.9
32.8
22.2
20.0
19.4
20.1
18.2
19.0
19.6
18.3
17.8
18.3
18.7
18.6
19.4
18.5

31.9
32.3
30.8
29.8
29.2
30.4
30.3
31.5
31.4
26.8
27.4
25.3
23.5
23.0
22.7
22.0
22.8
21.7
20.4
20.5
21.0
20.9
24.4

11.8
14.0
16.3
16.4
15.9
14.9
14.7
15.0
16.0
19.5
18.9
19.5
20.4
20.1
18.5
17.2
18.0
16.4
15.4
14.7
14.9
14.7
15.0

11.4
11.8
18.3
22.1
21.8
19.6
17.6
17.6
19.7
31.5
33.6
35.9
36.0
38.7
39.8
41.2
40.9
44.1
45.9
46.0
45.5
44.9
42.0

1 Beginning January 1994, job losers and persons who completed temporary jobs.
2 Includes State (50 States, District of Columbia, Puerto Rico, and the Virgin Islands), Federal (UCFE), ex-service members (UCX), and Federal and State extended benefit programs.
Also includes Temporary Extended Unemployment Compensation (2002–2004), Emergency Unemployment Compensation (2008–2010), and Federal Additional Compensation (2009–2010).

12.6
13.1
16.6
19.2
19.6
18.4
16.8
16.8
17.9
24.4
25.2
26.5
27.2
28.6
29.1
30.2
29.7
31.2
33.0
34.4
35.2
34.2
33.6

5.9
6.8
9.1
10.1
9.8
8.9
8.3
8.5
9.4
15.1
15.5
17.8
19.0
20.2
20.5
19.9
19.4
20.0
21.6
23.2
25.5
22.2
19.9

44.2
51.1
55.0
55.1
51.5
48.3
47.4
49.7
53.7
64.2
65.3
66.1
65.2
64.8
63.7
61.9
63.2
62.4
61.0
62.1
63.0
62.5
62.7

13.7
12.3
10.3
9.3
10.5
11.5
11.8
11.2
10.0
6.2
5.6
5.6
5.8
6.0
6.1
6.1
5.7
6.0
6.2
6.5
6.2
6.2
5.9

34.5
29.9
28.3
28.2
29.5
31.4
32.0
30.3
27.7
22.3
21.9
21.0
22.0
20.9
21.9
23.8
22.8
23.6
24.7
23.3
22.9
23.2
23.0

7.6
6.8
6.4
7.3
8.4
8.8
8.8
8.9
8.6
7.3
7.3
7.3
7.1
8.3
8.3
8.2
8.2
8.0
8.1
8.1
7.9
8.1
8.5

2,110
2,974
3,585
3,531
2,950
2,661
2,476
2,572
3,306
r 5,724
r 6,450
r 5,557
r 5,077
r 5,638
r 5,810
r 6,114
r 5,530
6,050
r 4,949
r 4,782
r 4,758
4,551
..............

301
404
407
404
345
328
313
324
424
r 568
r 504
r 483
r 537
r 553
r 701
r 640
r 484
r 496
r 482
r 421
r 497
502
..........

2,143
3,012
4,453
4,400
3,103
2,709
2,521
2,612
3,898
9,074
r 10,910
r 9,962
r 9,388
r 10,808
r 11,676
r 12,212
r 11,238
r 12,622
r 10,421
r 10,549
r 10,075
8,816
...............

NOTE.—Data relate to persons age 16 years and over (except for insured unemployment and
initial claims).
Source: Department of Labor (Bureau of Labor Statistics and Employment and Training Administration).

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Weekly average, thousands

NONAGRICULTURAL EMPLOYMENT
Total nonagricultural employment as measured by the payroll survey fell by 54,000 in August.

[Thousands of wage and salary workers; 1 monthly data seasonally adjusted]

Private industries

Period

Goods-producing industries
Total
private

Total 2

Construction

Manufacturing

Private service-providing industries

Total

Trade, transportation, and
utilities
Total 3

..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
Aug ........
Sept .......
Oct .........
Nov ........
Dec .........
2010: Jan .........
Feb ........
Mar ........
Apr .........
May ........
June r ......
July r .......
Aug p .......
jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2009:

131,785
131,826
130,341
129,999
131,435
133,703
136,086
137,598
136,790
130,920
130,082
129,857
129,633
129,697
129,588
129,602
129,641
129,849
130,162
130,594
130,419
130,365
130,311

110,995
110,708
108,828
108,416
109,814
111,899
114,113
115,380
114,281
108,371
107,563
107,377
107,115
107,190
107,107
107,123
107,185
107,343
107,584
107,635
107,696
107,803
107,870

24,649
23,873
22,557
21,816
21,882
22,190
22,531
22,233
21,334
18,620
18,245
18,124
17,993
17,960
17,906
17,876
17,848
17,905
17,972
17,993
17,994
18,031
18,031

6,787
6,826
6,716
6,735
6,976
7,336
7,691
7,630
7,162
6,037
5,885
5,814
5,747
5,732
5,696
5,636
5,585
5,612
5,634
5,605
5,596
5,592
5,611

17,263
16,441
15,259
14,510
14,315
14,226
14,155
13,879
13,406
11,883
11,682
11,634
11,577
11,552
11,534
11,556
11,572
11,591
11,629
11,668
11,672
11,706
11,679

86,346
86,834
86,271
86,600
87,932
89,709
91,582
93,147
92,947
89,751
89,318
89,253
89,122
89,230
89,201
89,247
89,337
89,438
89,612
89,642
89,702
89,772
89,839

1 Data from the establishment survey. Includes all full- and part-time wage and salary workers in nonagricultural establishments who received pay for any part of the pay period that includes the 12th of the month. Excludes proprietors, self-employed persons, unpaid family workers, and private household workers. Data from the household survey shown on p. 11 include
those workers and also count persons as employed when they are not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off. In the series shown
here, persons who work at more than one job are counted each time they appear on a payroll,
in contrast to the series shown on p. 11 where persons are counted only once—as employed,
unemployed, or not in the labor force. See Employment and Earnings for details.

26,225
25,983
25,497
25,287
25,533
25,959
26,276
26,630
26,293
24,949
24,819
24,754
24,670
24,678
24,653
24,666
24,667
24,714
24,741
24,742
24,741
24,766
24,757

Retail
trade
15,280
15,239
15,025
14,917
15,058
15,280
15,353
15,520
15,283
14,528
14,477
14,429
14,366
14,375
14,360
14,409
14,416
14,439
14,453
14,448
14,431
14,439
14,434

Information
3,630
3,629
3,395
3,188
3,118
3,061
3,038
3,032
2,984
2,807
2,776
2,777
2,774
2,762
2,748
2,745
2,739
2,728
2,727
2,725
2,711
2,715
2,714

Financial
activities
7,687
7,808
7,847
7,977
8,031
8,153
8,328
8,301
8,145
7,758
7,695
7,683
7,664
7,666
7,657
7,635
7,628
7,609
7,611
7,602
7,591
7,580
7,576

Profes- Educasional
tion Leisure
and
and
and
busihealth hospiness services
tality
services
16,666
16,476
15,976
15,987
16,394
16,954
17,566
17,942
17,735
16,580
16,371
16,349
16,360
16,466
16,488
16,511
16,567
16,568
16,638
16,664
16,697
16,694
16,714

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11,862
12,036
11,986
12,173
12,493
12,816
13,110
13,427
13,436
13,102
13,083
13,099
13,045
13,024
12,991
13,003
13,026
13,049
13,085
13,070
13,100
13,111
13,124

5,168
5,258
5,372
5,401
5,409
5,395
5,438
5,494
5,515
5,364
5,353
5,344
5,327
5,321
5,314
5,317
5,310
5,321
5,333
5,337
5,330
5,340
5,343

20,790
21,118
21,513
21,583
21,621
21,804
21,974
22,218
22,509
22,549
22,519
22,480
22,518
22,507
22,481
22,479
22,456
22,506
22,578
22,959
22,723
22,562
22,441

2 Includes

mining and logging, not shown separately.
3 Includes wholesale trade, transportation and warehousing, and utilities, not shown separately.
NOTE.—Data classified by industry based on the 2007 North American Industry Classification System (NAICS). For details see Employment and Earnings.
Source: Department of Labor, Bureau of Labor Statistics.

14
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15,109
15,645
16,199
16,588
16,953
17,372
17,826
18,322
18,838
19,191
19,221
19,247
19,282
19,313
19,350
19,370
19,400
19,449
19,477
19,502
19,532
19,566
19,611

Other
services

Government

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Total
nonagricultural
employment

AVERAGE WEEKLY HOURS, HOURLY EARNINGS, AND WEEKLY EARNINGS
PRIVATE NONAGRICULTURAL INDUSTRIES
[For production or nonsupervisory workers; monthly data seasonally adjusted]
Average weekly hours

Average gross hourly earnings

Manufacturing
Total private nonagricultural 1

Period

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2009:

................
.................
.................
.................
.................
.................
.................
.................
.................
.................
July .......
Aug .......
Sept ......
Oct ........
Nov .......
Dec .......
2010: Jan .......
Feb .......
Mar .......
Apr .......
May .......
June r ....
July r .....
Aug p .....

34.3
34.0
33.9
33.7
33.7
33.8
33.9
33.9
33.6
33.1
33.1
33.1
33.1
33.0
33.2
33.2
33.3
33.2
33.3
33.4
33.5
33.4
33.4
33.5

Total

Overtime

41.3
40.3
40.5
40.4
40.8
40.7
41.1
41.2
40.8
39.8
39.9
40.0
39.9
40.0
40.5
40.5
40.9
40.5
41.0
41.2
41.5
41.0
41.1
41.2

Average gross weekly earnings

Total private nonagricultural 1

4.7
4.0
4.2
4.2
4.6
4.6
4.4
4.2
3.7
2.9
3.0
3.0
3.0
3.2
3.4
3.4
3.6
3.5
3.7
3.8
3.9
3.9
3.8
3.9

Current
dollars

$14.02
14.54
14.97
15.37
15.69
16.13
16.76
17.43
18.08
18.62
18.62
18.69
18.71
18.78
18.80
18.85
18.90
18.92
18.90
18.95
19.00
19.02
19.05
19.08

Total private nonagricultural 1
Manufacturing

1982–84
dollars 2

$8.30
8.38
8.51
8.55
8.50
8.45
8.50
8.60
8.57
8.88
8.87
8.86
8.85
8.86
8.85
8.85
8.85
8.86
8.84
8.88
8.93
8.95
8.93
..............

$14.32
14.76
15.29
15.74
16.14
16.56
16.81
17.26
17.75
18.23
18.26
18.31
18.39
18.41
18.38
18.38
18.42
18.47
18.47
18.48
18.56
18.54
18.56
18.57

1 Also includes other private industry groups shown on p. 14.
2 Current dollar earnings divided by the consumer price index for urban wage earners and
clerical workers (CPI–W) (on a 1982–84=100 base).

Current dollars

Current
dollars

1982–84
dollars 2

$481.01
493.79
506.75
518.06
529.09
544.33
567.87
590.04
607.95
617.11
616.32
618.64
619.30
619.74
624.16
625.82
629.37
628.14
629.37
632.93
636.50
635.27
636.27
639.18

$284.79
284.61
288.09
288.13
286.77
284.99
288.11
290.99
288.06
294.38
293.67
293.28
293.02
292.47
293.84
293.92
294.60
294.01
294.41
296.49
298.99
298.97
298.33
..............

Manufacturing

$590.77
595.19
618.75
635.99
658.49
673.30
691.02
711.56
724.46
725.87
728.57
732.40
733.76
736.40
744.39
744.39
753.38
748.04
757.27
761.38
770.24
760.14
762.82
765.08

Percent change from a
year earlier, total private
nonagricultural

Construction

Retail
trade

$685.78
695.89
711.82
726.83
735.55
750.22
781.21
816.66
842.61
852.45
857.68
862.60
843.00
845.38
865.24
860.63
874.73
855.81
873.94
893.58
880.87
885.09
887.39
894.34

$333.38
346.16
360.81
367.15
371.13
377.58
383.02
385.11
386.21
388.72
387.50
388.59
389.49
390.20
393.60
394.80
396.72
396.00
396.72
397.92
399.24
398.22
401.89
400.57

Current
dollars

3.9
2.7
2.6
2.2
2.1
2.9
4.3
3.9
3.0
1.5
1.2
.9
1.5
1.2
2.0
2.2
2.6
2.4
2.7
3.2
3.7
3.7
3.2
3.3

1982–84
dollars

0.4
¥.1
1.2
.0
¥.5
¥.6
1.1
1.0
¥1.0
2.2
3.9
2.9
3.3
1.5
¥.3
¥1.2
¥.8
¥.5
¥.4
.3
1.2
2.3
1.6
................

Source: Department of Labor, Bureau of Labor Statistics.

EMPLOYMENT COST INDEX—PRIVATE INDUSTRY
Index (December 2005 = 100)

Percent change from
3 months earlier

Period

Total
compensation

Wages and
salaries

Benefits 1

Total
compensation

Wages and
salaries

12 months earlier
Benefits 1

Total
compensation

Wages and
salaries

Benefits 1

Not seasonally adjusted
2000:
2001:
2002:
2003:
2004:
2005:
2006:
2007:
2008:
2009:

Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec

..................................................................
..................................................................
..................................................................
..................................................................
..................................................................
..................................................................
..................................................................
..................................................................
..................................................................
..................................................................

83.6
87.3
90.0
93.6
97.2
100.0
103.2
106.3
108.9
110.2

86.7
89.9
92.2
95.1
97.6
100.0
103.2
106.6
109.4
110.9

76.7
81.3
84.7
90.2
96.2
100.0
103.1
105.6
107.7
108.8

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

..................
..................
..................
..................
..................
..................
..................
..................
..................
..................

Seasonally adjusted

jlentini on DSKJ8SOYB1PROD with ECOIND

2007: Mar .................................................................
June ...............................................................
Sept ................................................................
Dec .................................................................
2008: Mar .................................................................
June ...............................................................
Sept ................................................................
Dec .................................................................
2009: Mar .................................................................
June ...............................................................
Sept ................................................................
Dec .................................................................
2010: Mar .................................................................
June ...............................................................

103.9
104.8
105.6
106.5
107.2
108.0
108.6
109.1
109.3
109.6
110.0
110.4
111.1
111.6

104.3
105.1
105.9
106.7
107.6
108.4
109.1
109.6
109.8
110.1
110.5
111.0
111.4
111.9

1 Employer

costs for employee benefits.
NOTE.—The employment cost index is a measure of the change in the cost of labor, free
from the influence of employment shifts among occupations and industries.
Data exclude farm and household workers.

103.1
104.2
105.0
105.8
106.5
107.0
107.5
107.9
108.1
108.3
108.6
108.9
110.4
111.0

0.6
.9
.8
.9
.7
.7
.6
.5
.2
.3
.4
.4
.6
.5

4.2
4.1
3.1
4.0
3.8
2.9
3.2
3.0
2.4
1.2

3.8
3.8
2.6
3.1
2.6
2.5
3.2
3.3
2.6
1.4

5.6
5.2
4.2
6.5
6.7
4.0
3.1
2.4
2.0
1.0

Not seasonally adjusted
1.0
.8
.8
.8
.8
.7
.6
.5
.2
.3
.4
.5
.4
.4

¥0.2
1.1
.8
.8
.7
.5
.5
.4
.2
.2
.3
.3
1.4
.5

3.2
3.1
3.1
3.0
3.2
3.0
2.8
2.4
1.9
1.5
1.2
1.2
1.6
1.9

3.6
3.3
3.4
3.3
3.2
3.1
2.9
2.6
2.0
1.6
1.4
1.4
1.5
1.6

2.2
2.6
2.4
2.4
3.2
2.6
2.4
2.0
1.6
1.3
1.1
1.0
2.0
2.5

Data beginning 2001 are based on the 2002 North American Industry Classification
(NAICS); data prior to 2001 are based on the Standard Industrial Classification (SIC). For
details on industry classification and other details see Employment Cost Index, release dated
April 28, 2006.
Source: Department of Labor, Bureau of Labor Statistics.]

15
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21:22 Sep 07, 2010

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Frm 00015

Fmt 3401

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E:\HR\OC\ECOIND.015

ECOIND

PRODUCTIVITY AND RELATED DATA, BUSINESS SECTOR
Output per hour of
all persons
Period
Business
sector

Nonfarm
business
sector

Output 1
Business
sector

Nonfarm
business
sector

Hours of all
persons 2
Business
sector

Compensation per
hour 3

Nonfarm
business
sector

Business
sector

Nonfarm
business
sector

Real compensation
per hour 4
Business
sector

Nonfarm
business
sector

Unit labor
costs
Business
sector

Nonfarm
business
sector

Implicit price
deflator 5
Business
sector

Nonfarm
business
sector

Indexes, 2005=100; quarterly data seasonally adjusted
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
I ...................
II .................
III ................
IV ................
2008: I ...................
II .................
III ................
IV ................
2009: I ...................
II .................
III ................
IV ................
2010: I r ..................
II r* ..............

85.6
88.1
92.1
95.6
98.4
100.0
100.9
102.5
103.6
107.3
101.1
102.0
103.0
103.8
103.6
103.9
103.6
103.5
104.4
106.5
108.4
110.0
111.0
110.4

85.9
88.4
92.4
95.7
98.4
100.0
100.9
102.5
103.6
107.2
101.3
101.9
103.0
103.9
103.5
103.8
103.5
103.5
104.3
106.5
108.3
109.9
110.9
110.4

87.7
88.4
90.1
92.9
96.7
100.0
103.1
105.2
104.2
100.4
103.9
104.9
105.5
106.3
105.7
105.6
103.9
101.4
99.8
99.8
100.1
101.7
103.0
103.4

87.7
88.5
90.2
92.9
96.8
100.0
103.1
105.3
104.2
100.3
104.0
105.1
105.8
106.4
105.7
105.6
104.0
101.4
99.7
99.7
100.0
101.7
102.9
103.3

102.4
100.3
97.8
97.2
98.3
100.0
102.1
102.6
100.5
93.6
102.7
102.9
102.4
102.4
102.1
101.6
100.3
98.0
95.6
93.7
92.4
92.5
92.8
93.7

102.2
100.2
97.7
97.1
98.3
100.0
102.2
102.7
100.6
93.5
102.7
103.1
102.7
102.4
102.1
101.7
100.5
98.0
95.6
93.6
92.4
92.5
92.8
93.6

82.3
86.1
88.8
93.0
96.2
100.0
103.8
108.1
111.5
113.6
106.8
107.4
108.3
109.8
111.0
111.0
112.0
112.2
111.2
113.6
114.6
115.1
114.7
114.5

82.5
86.2
88.9
93.1
96.2
100.0
103.8
107.9
111.5
113.5
106.9
107.2
108.0
109.7
111.0
110.9
111.9
112.2
111.1
113.6
114.5
115.0
114.7
114.5

93.3
95.0
96.3
98.7
99.5
100.0
100.5
101.8
101.1
103.4
102.1
101.5
101.7
101.9
101.8
100.6
99.9
102.5
102.1
103.9
103.9
103.6
102.9
102.9

93.5
95.0
96.5
98.8
99.4
100.0
100.5
101.6
101.1
103.3
102.1
101.2
101.4
101.8
101.8
100.5
99.8
102.5
102.1
103.9
103.8
103.5
102.9
102.9

96.1
97.7
96.4
97.3
97.8
100.0
102.8
105.4
107.6
105.9
105.6
105.3
105.1
105.7
107.1
106.8
108.1
108.4
106.5
106.6
105.8
104.6
103.4
103.7

96.1
97.5
96.2
97.2
97.8
100.0
102.8
105.3
107.6
105.9
105.5
105.1
104.9
105.6
107.2
106.8
108.1
108.4
106.5
106.7
105.8
104.7
103.4
103.7

90.8
92.4
93.1
94.4
96.9
100.0
102.9
105.7
107.6
108.1
104.8
105.7
106.1
106.1
106.3
107.3
108.7
108.0
108.2
108.0
108.2
108.1
108.4
109.1

90.8
92.3
93.1
94.3
96.6
100.0
103.0
105.5
107.4
108.3
104.7
105.5
105.8
105.8
106.0
107.1
108.5
108.0
108.4
108.2
108.5
108.2
108.5
109.2

3.9
1.5
¥1.3
1.1
.5
2.3
2.8
2.4
2.2
¥1.6
¥.8
3.6
2.8
2.6
2.6
1.5
3.5
6.6
3.5
¥1.4
¥1.0
2.7
6.2
¥1.4
5.0
1.2
¥6.9
.6
¥3.3
¥4.2
¥4.6
1.1

1.8
1.8
.8
1.4
2.6
3.3
2.9
2.6
1.8
.5
3.3
2.7
4.5
3.5
2.0
3.2
2.9
1.3
4.2
3.3
1.6
¥.1
.9
4.0
5.1
¥2.6
.8
¥.8
.9
¥.5
1.2
2.5

1.9
1.7
.9
1.3
2.4
3.5
3.0
2.4
1.8
.8
3.7
2.9
4.6
3.6
2.2
3.6
2.6
.9
3.8
3.1
1.3
¥.3
.8
4.2
5.4
¥1.9
1.4
¥.8
1.1
¥1.1
1.2
2.6

Percent change; quarterly data at seasonally adjusted annual rates
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2005:

2006:

2007:

2008:

2009:

2010:

........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
I ...................
II .................
III ................
IV ................
I ...................
II .................
III ................
IV ................
I ...................
II .................
III ................
IV ................
I ...................
II .................
III ................
IV ................
I ...................
II .................
III ................
IV ................
I r ..................
II r* ..............

3.5
3.0
4.5
3.8
2.9
1.7
.9
1.5
1.1
3.5
3.3
¥1.6
3.3
.3
2.6
.3
¥2.2
2.5
.0
3.4
4.1
3.1
¥.9
1.2
¥1.1
¥.3
3.5
8.3
7.2
6.1
3.5
¥1.9

3.4
2.9
4.6
3.6
2.8
1.6
.9
1.6
1.0
3.5
4.0
¥.9
2.9
¥.1
2.6
.3
¥1.9
2.9
.2
2.6
4.1
3.6
¥1.4
1.2
¥1.3
¥.1
3.4
8.4
7.0
6.0
3.9
¥1.8

4.5
.8
2.0
3.1
4.2
3.4
3.1
2.0
¥.9
¥3.7
4.5
1.7
3.7
2.3
6.5
1.4
¥.4
4.0
.2
4.0
2.2
2.9
¥2.0
¥.6
¥6.1
¥9.3
¥6.2
¥.3
1.6
6.5
5.0
1.7

4.4
.9
1.9
3.0
4.1
3.4
3.1
2.1
¥1.1
¥3.8
4.8
1.6
3.7
2.4
6.8
1.0
¥.1
4.2
.3
4.2
2.5
2.5
¥2.5
¥.3
¥6.2
¥9.5
¥6.4
¥.2
1.4
6.7
5.0
1.6

1.0
¥2.1
¥2.4
¥.7
1.2
1.7
2.1
.5
¥2.0
¥6.9
1.2
3.3
.4
2.0
3.7
1.1
1.9
1.5
.2
.6
¥1.8
¥.2
¥1.1
¥1.8
¥5.0
¥9.0
¥9.4
¥7.9
¥5.3
.3
1.4
3.7

1.0
¥2.0
¥2.5
¥.6
1.3
1.7
2.2
.5
¥2.1
¥7.0
.8
2.5
.7
2.5
4.1
.7
1.8
1.3
.0
1.5
¥1.6
¥1.0
¥1.2
¥1.5
¥4.9
¥9.5
¥9.5
¥7.9
¥5.2
.7
1.1
3.5

jlentini on DSKJ8SOYB1PROD with ECOIND

1 Output

refers to real gross domestic product originating in the sector.
2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family
workers. Estimates based primarily on establishment data.
3 Wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans. Also includes an estimate of wages, salaries, and supplemental payments for
the self-employed.
4 Hourly compensation divided by the consumer price index for all urban consumers (CPI–
U) for recent quarters. The trend from 1978–2009 is based on the consumer price index research series (CPI–U–RS).
5 Current dollar gross domestic output divided by the output index.

7.4
4.7
3.1
4.8
3.5
3.9
3.8
4.1
3.2
1.8
2.7
1.7
6.1
3.0
5.5
1.3
1.6
9.2
3.8
2.4
3.4
5.5
4.5
.1
3.6
.8
¥3.6
9.0
3.8
1.5
¥1.1
¥.8

7.4
4.5
3.2
4.7
3.3
3.9
3.8
4.0
3.3
1.9
3.2
2.6
5.8
2.4
5.3
1.8
1.5
9.6
3.8
1.2
3.1
6.4
4.7
¥.2
3.7
1.1
¥3.7
9.1
3.4
1.5
¥.9
¥.7

3.9
1.8
1.5
2.5
.7
.5
.5
1.2
¥.6
2.2
.9
¥1.0
¥.1
¥.8
3.4
¥2.3
¥2.2
11.1
¥.2
¥2.2
.9
.6
¥.3
¥4.8
¥2.6
11.0
¥1.5
7.1
.0
¥1.2
¥2.6
¥.1

4.0
1.6
1.5
2.4
.6
.6
.5
1.1
¥.5
2.2
1.3
¥.1
¥.3
¥1.3
3.1
¥1.9
¥2.2
11.5
¥.2
¥3.4
.6
1.5
.0
¥5.1
¥2.6
11.3
¥1.6
7.2
¥.3
¥1.1
¥2.4
.0

3.7
1.7
¥1.3
.9
.5
2.2
2.8
2.5
2.1
¥1.6
¥.5
3.3
2.7
2.7
2.8
1.0
3.8
6.6
3.8
¥.9
¥.8
2.3
5.4
¥1.1
4.8
1.1
¥6.9
.6
¥3.2
¥4.4
¥4.5
1.1

NOTE.—Data relate to all persons engaged in the sector.
Percent changes are from preceding period and are based on original data; they therefore
may differ slightly from percent changes based on indexes shown here.
* Data based on GDP data released on August 27, 2010.
Source: Department of Labor, Bureau of Labor Statistics.

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PRODUCTION AND BUSINESS ACTIVITY
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production and capacity utilization rose in July.

[Monthly data seasonally adjusted]

Percent
Period

jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2009:

.......................
.......................
.......................
.......................
.......................
.......................
.......................
.......................
.......................
.......................
July ............
Aug .............
Sept ............
Oct ..............
Nov .............
Dec .............
2010: Jan .............
Feb r ............
Mar r ............
Apr r ............
May r ...........
June r ..........
July p ...........

Index,
2007=100

92.0
88.9
89.1
90.2
92.3
95.3
97.4
100.0
96.7
87.7
86.7
87.8
88.4
88.6
89.1
89.6
90.5
90.5
91.0
91.3
92.5
92.5
93.4

From
preceding
month

..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
1.4
1.2
.7
.3
.5
.5
1.0
.0
.6
.4
1.3
¥.1
1.0

Industry production indexes, 2007=100

change 2
From
year
earlier

4.0
¥3.3
.2
1.3
2.3
3.2
2.2
2.7
¥3.3
¥9.3
¥11.5
¥9.3
¥4.9
¥5.6
¥4.1
¥1.6
1.5
2.3
4.4
5.6
8.0
8.2
7.7

Capacity utilization
rate
(output as percent
of capacity) 1

Manufacturing

Total 1

Durable

90.9
87.3
87.6
88.7
91.2
94.8
97.1
100.0
95.5
85.0
84.1
85.3
85.9
86.0
86.8
86.9
87.8
87.5
88.4
89.1
90.0
89.6
90.6

1 Total industry and total manufacturing series include manufacturing as defined in the
North American Industry Classification System (NAICS) plus those industries—logging and
newspaper, periodical, book and directory-publishing—that have traditionally been included in
manufacturing.
2 Percent changes based on unrounded indexes.

Nondurable

84.6
80.8
80.7
82.9
86.2
91.1
95.3
100.0
96.4
82.1
81.3
82.6
83.6
83.5
84.3
84.5
85.7
85.5
86.7
88.0
89.2
89.1
90.9

95.9
93.0
94.3
94.5
95.9
98.3
98.9
100.0
94.7
89.0
88.3
89.3
89.5
89.8
90.7
90.8
91.3
91.2
91.8
91.9
92.5
91.8
91.9

Other
(nonNAICS) 1

Mining

116.4
108.8
105.2
102.1
102.9
102.6
101.4
100.0
93.5
79.9
77.9
78.4
78.6
78.2
79.7
79.7
78.1
76.4
76.8
76.3
77.5
76.4
77.5

Utilities
Total
industry

102.9
103.4
98.7
98.9
98.1
96.6
99.5
100.0
100.8
95.8
94.1
95.8
96.0
96.0
96.7
94.9
96.5
97.5
99.1
100.8
100.0
100.2
101.2

89.9
89.5
92.3
94.1
95.3
97.3
96.7
100.0
99.9
97.3
95.4
95.5
96.6
98.4
95.8
101.2
102.1
102.6
99.0
95.3
100.9
103.2
103.3

81.5
76.0
74.7
75.9
77.9
80.1
80.7
81.3
77.9
70.0
69.1
70.0
70.5
70.7
71.1
71.6
72.3
72.4
72.8
73.1
74.1
74.1
74.8

Total
manufacturing

79.7
73.7
72.8
73.8
76.2
78.5
79.1
79.6
75.0
67.2
66.6
67.6
68.1
68.2
69.0
69.1
69.8
69.7
70.4
71.0
71.7
71.4
72.2

NOTE.—Data based on the North American Industry Classification System (NAICS) except
series as defined in footnote 1.
Source: Board of Governors of the Federal Reserve System.

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ECOIND

G:\graphics\eecoind.017

Total industrial production 1

INDUSTRIAL PRODUCTION—MAJOR MARKET GROUPS AND
SELECTED MANUFACTURES
[2007=100; monthly data seasonally adjusted]
Products and nonindustrial supplies

Materials

Final products

Nonindustrial supplies

Consumer goods

Equipment

Durable
goods

Business
equipment

Period
Total
Total

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................

Nondurable
goods

Total 1

Defense
and
space
equipment

Total

Construction
supplies

Business
supplies

Total 1

Energy

90.9
89.2
88.7
89.8
91.5
95.2
97.7
100.0
96.9
89.4

92.8
91.8
93.7
95.1
96.1
98.7
99.2
100.0
95.8
90.2

91.4
87.3
92.6
95.7
97.1
97.8
98.2
100.0
89.7
74.5

93.4
93.6
94.2
94.9
95.7
99.0
99.6
100.0
97.9
95.6

86.0
82.7
77.1
77.7
81.0
87.3
94.2
100.0
99.3
87.4

89.0
83.7
77.8
77.6
81.7
87.6
95.7
100.0
98.5
86.5

67.8
74.3
75.0
79.7
77.7
85.8
84.5
100.0
102.5
103.6

95.1
91.4
91.5
92.5
94.4
97.8
99.3
100.0
94.3
82.8

96.8
92.4
92.4
92.2
94.4
98.9
101.2
100.0
90.5
75.4

94.4
91.0
91.1
92.7
94.4
97.3
98.4
100.0
96.2
86.5

91.8
87.7
88.6
89.8
92.3
94.4
96.5
100.0
97.3
87.9

99.5
98.3
98.0
98.1
97.7
96.5
98.1
100.0
100.7
98.6

.................................................
..................................................
.................................................
..................................................
..................................................
..................................................

88.1
89.3
90.1
90.8
90.6
91.2

89.3
90.5
91.5
92.2
92.1
92.6

74.9
76.7
79.4
78.7
80.2
79.5

94.1
95.1
95.6
96.7
96.1
97.0

85.6
86.7
87.1
87.6
87.3
88.2

84.6
85.9
86.1
86.8
86.4
87.4

104.4
105.1
106.5
105.5
104.4
103.3

82.1
82.6
82.3
82.0
82.7
83.1

75.4
75.9
75.1
73.8
75.3
73.6

85.4
85.8
85.8
86.1
86.3
87.8

86.9
88.1
88.9
88.9
89.9
90.3

97.3
98.2
99.1
99.2
99.1
100.2

2010: Jan ..................................................
Feb r .................................................
Mar r ................................................
Apr r .................................................
May r ................................................
June r ...............................................
July p ................................................

92.4
92.0
92.8
92.4
94.3
93.9
95.1

93.7
93.0
93.4
92.3
94.6
94.0
95.1

80.9
80.2
81.2
81.7
83.9
82.6
86.7

98.0
97.3
97.5
95.8
98.2
97.9
97.9

89.6
89.8
91.3
92.8
93.7
93.8
95.4

88.6
88.4
89.4
91.0
92.3
92.8
94.5

104.7
105.1
107.8
108.2
107.1
106.6
107.8

83.4
82.8
83.4
84.7
85.7
85.6
85.9

74.8
74.4
76.2
79.3
79.3
79.2
79.6

87.6
86.9
86.9
87.4
88.8
88.6
89.0

91.2
91.7
92.0
92.6
93.3
93.6
94.4

100.2
101.6
101.1
101.4
102.0
102.8
103.7

2009: July
Aug
Sept
Oct
Nov
Dec

1 Includes

other items, not shown separately.

[2007=100; monthly data seasonally adjusted]
Durable manufactures
Primary metals
Period
Total

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................

Fabricated
metal
products

Machinery
Total

Selected
hightechnology 1

Transportation
equipment

Total

Motor
vehicles
and
parts

Apparel

Printing
and
support

Chemical

Food

99.9
91.0
91.0
89.4
97.3
94.9
97.6
100.0
98.3
67.3

96.5
87.6
88.7
89.3
101.1
93.8
97.8
100.0
103.5
61.8

96.9
89.9
87.6
86.6
86.9
91.0
95.9
100.0
96.4
82.4

98.5
87.1
83.7
83.3
86.8
92.1
96.5
100.0
97.7
76.4

52.9
54.0
52.7
60.2
68.4
76.9
87.1
100.0
109.4
100.4

42.9
44.2
44.0
53.1
60.6
70.9
84.3
100.0
113.5
100.0

88.3
84.9
88.6
89.5
89.3
93.1
94.2
100.0
87.8
76.0

97.4
88.8
97.6
101.1
101.6
102.3
100.7
100.0
80.7
60.6

249.6
215.0
170.1
156.7
134.6
129.1
125.8
100.0
79.7
65.3

108.4
104.8
102.1
98.1
98.5
98.6
97.8
100.0
94.3
79.7

81.4
79.9
85.3
86.7
90.1
93.1
95.4
100.0
94.1
90.9

92.9
93.0
95.0
95.6
95.6
98.6
99.4
100.0
98.6
97.6

.................................................
..................................................
.................................................
..................................................
..................................................
..................................................

66.1
70.0
72.6
73.3
77.5
80.7

62.7
68.7
73.5
78.0
79.9
85.8

80.5
81.1
81.6
81.6
82.4
82.6

72.8
74.0
72.7
74.5
73.5
76.5

100.6
102.1
103.6
104.1
105.2
105.6

100.9
103.0
105.4
106.9
107.4
107.8

76.6
78.4
81.8
80.5
80.7
80.3

61.7
64.8
70.4
69.3
71.0
71.2

64.4
64.4
63.9
62.5
63.0
64.2

78.8
79.0
78.1
78.2
77.5
77.4

91.1
91.6
92.3
92.1
93.8
94.3

96.4
98.2
98.5
99.4
99.5
99.2

2010: Jan ..................................................
Feb r .................................................
Mar r ................................................
Apr r .................................................
May r ................................................
June r ...............................................
July p ................................................

81.8
82.5
84.5
83.8
85.4
84.8
85.0

89.9
89.5
92.7
91.7
93.5
90.7
90.3

83.3
83.3
84.3
86.0
87.4
88.4
89.7

78.2
78.4
78.7
81.8
83.7
84.7
85.6

107.0
108.5
110.4
111.8
113.4
113.1
114.3

109.1
111.2
112.7
114.1
114.9
115.3
116.3

81.6
80.4
81.7
81.0
82.5
81.7
86.4

73.5
71.7
73.2
72.2
76.3
74.4
81.8

67.1
66.4
65.9
66.8
66.3
65.5
63.7

77.1
76.0
75.6
76.6
78.1
77.3
76.6

95.4
94.2
93.8
93.6
92.8
92.0
92.5

100.0
101.0
101.7
101.6
102.5
102.5
101.9

2009: July
Aug
Sept
Oct
Nov
Dec

jlentini on DSKJ8SOYB1PROD with ECOIND

Iron
and
steel
products

Nondurable manufactures

Computer and electronic products

1 Computers and peripheral equipment, communications equipment, and semiconductors and
related electronic components.

Source: Board of Governors of the Federal Reserve System.

18
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ECOIND

NEW CONSTRUCTION
[Billions of dollars; monthly data at seasonally adjusted annual rates]
Private
Period

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

Total new
construction expenditures

Residential
Total

New
housing

Total 1

Federal
and
State
and
local

Nonresidential
Total

Lodging

Office

Commercial
(including
farm)

Manufacturing

Other 2

....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................

802.8
840.2
847.9
891.5
991.4
1,104.1
1,167.2
1,152.4
1,067.6
907.8

621.4
638.3
634.4
675.4
771.2
870.0
911.8
863.3
758.8
592.3

346.1
364.4
396.7
446.0
532.9
611.9
613.7
493.2
350.3
245.6

265.0
279.4
298.8
345.7
417.5
480.8
468.8
354.1
230.1
133.6

275.3
273.9
237.7
229.3
238.3
258.1
298.1
370.0
408.6
346.7

16.3
14.5
10.5
9.9
12.0
12.7
17.6
27.5
35.4
25.4

52.4
49.7
35.3
30.6
32.9
37.3
45.7
53.8
55.5
37.9

64.1
63.6
59.0
57.5
63.2
66.6
73.4
85.9
82.7
51.3

37.6
37.8
22.7
21.4
23.2
28.4
32.3
40.2
52.8
58.0

104.9
108.2
110.2
109.9
107.0
113.1
129.2
162.7
182.3
174.2

181.3
201.9
213.4
216.1
220.2
234.2
255.4
289.1
308.7
315.5

2009: July .........................
Aug ..........................
Sept .........................
Oct ...........................
Nov ..........................
Dec ..........................

901.2
901.8
894.8
884.7
861.5
841.8

576.6
585.1
579.3
571.0
555.8
540.0

227.7
242.5
247.4
253.0
249.0
243.0

128.1
130.1
130.9
130.6
130.4
130.6

348.9
342.6
331.9
318.0
306.8
297.0

25.1
23.2
22.2
20.1
18.5
17.2

37.8
36.5
33.4
32.8
29.9
29.4

48.6
46.2
46.1
42.3
42.2
42.7

58.2
57.7
56.2
54.5
52.3
44.0

179.3
179.0
174.0
168.3
164.0
163.8

324.5
316.7
315.5
313.6
305.7
301.8

2010: Jan ..........................
Feb ..........................
Mar ..........................
Apr ..........................
May r ........................
June r .......................
July p ........................

841.0
815.8
824.0
843.1
819.7
813.1
805.2

547.6
524.6
524.4
538.4
519.1
510.7
506.4

266.2
248.7
249.3
264.2
251.8
246.7
240.3

129.9
130.5
131.2
134.0
132.8
131.4
128.3

281.5
275.9
275.1
274.1
267.3
264.0
266.1

14.1
13.0
12.0
11.3
11.2
11.3
11.1

28.0
27.7
26.0
25.2
24.3
23.4
22.7

41.6
40.1
39.0
39.5
39.5
38.9
38.0

42.6
42.7
45.0
44.1
40.2
39.7
37.8

155.3
152.4
153.1
154.1
152.0
150.6
156.6

293.4
291.2
299.6
304.8
300.6
302.4
298.8

1 Includes

residential improvements, not shown separately.
2 Includes health care, educational, communication, and power, among other categories not
shown separately.

Source: Department of Commerce, Bureau of the Census.

NEW PRIVATE HOUSING AND VACANCY RATES
[Thousands of units or houses, except as noted]
New private housing units
Units started, by type of structure

Period
Total
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................

New private houses

1,568.7
1,602.7
1,704.9
1,847.7
1,955.8
2,068.3
1,800.9
1,355.0
905.5
554.0

2–4 units 1

1 unit
1,230.9
1,273.3
1,358.6
1,499.0
1,610.5
1,715.8
1,465.4
1,046.0
622.0
445.1

5 units or
more

38.7
36.6
38.5
33.5
42.3
41.1
42.7
31.7
17.5
11.6

299.1
292.8
307.9
315.2
303.0
311.4
292.8
277.3
266.0
97.3

Units
authorized
1,592.3
1,636.7
1,747.7
1,889.2
4 2,070.1
2,155.3
1,838.9
1,398.4
905.4
583.0

Units
completed

Houses
sold

Houses for
sale at end
of period 2

Vacancy rate
for rental
housing units
(percent) 3

1,573.7
1,570.8
1,648.4
1,678.7
1,841.9
1,931.4
1,979.4
1,502.8
1,119.7
794.4

877
908
973
1,086
1,203
1,283
1,051
776
485
375

298
308
339
370
422
511
536
497
353
231

8.0
8.4
8.9
9.8
10.2
9.8
9.7
9.8
10.0
10.6

Seasonally adjusted annual rates
2009: July ...........................
Aug ............................
Sept ...........................
Oct .............................
Nov ............................
Dec ............................

587
585
586
529
589
576

500
482
507
475
504
486

15
7
9
5
9
12

72
96
70
49
76
78

587
610
605
576
621
681

787
790
721
751
850
752

408
405
391
396
368
356

270
262
252
242
236
231

......................
......................
11.1
......................
......................
10.7

2010: Jan ............................
Feb ............................
Mar ............................
Apr ............................
May r ..........................
June r .........................
July p ..........................

612
605
634
679
588
537
546

511
527
535
563
459
451
432

7
16
8
12
12
5
19

94
62
91
104
117
81
95

629
650
685
610
574
583
559

662
668
643
747
705
874
587

349
347
384
r 414
281
315
276

232
232
228
r 216
215
210
210

......................
......................
10.6
......................
......................
10.6
......................

1 Derived;

seasonally adjusted monthly data for 2–4 units are no longer published.
adjusted.
series. Quarterly data entered in last month of quarter.
4 Based on 20,000 permit-issuing places. Based on 19,000 places, the total for 2004 is
2,052.1 thousand units.
2 Seasonally

jlentini on DSKJ8SOYB1PROD with ECOIND

3 Revised

NOTE.—Beginning 2004, units authorized are for 20,000 permit-issuing places. For other
data shown, units authorized are for 19,000 places.
Source: Department of Commerce, Bureau of the Census.

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ECOIND

BUSINESS SALES AND INVENTORIES—Manufacturing and Trade
In June, according to current estimates, manufacturing and trade sales fell 0.5 percent, while inventories rose
$4.5 billion. According to advance estimates, retail sales rose 0.4 percent in July. Retail and food services sales
also rose 0.4 percent.

[Millions of dollars, except ratios; seasonally adjusted, except as noted]

Manufacturing and trade 1

Sales 2

Inventories 3

..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................

834,325
818,615
823,714
854,559
925,277
1,002,939
1,065,569
1,124,749
1,154,682
1,003,274

1,196,993
1,119,541
1,139,673
1,147,796
1,240,354
1,310,916
1,405,709
1,482,537
1,474,215
1,329,337

2009: June r .............................................
July r ..............................................
Aug ................................................
Sept ...............................................
Oct .................................................
Nov ................................................
Dec ................................................

989,712
997,794
1,009,859
1,010,895
1,023,485
1,047,001
1,057,078

1,357,275
1,345,468
1,326,093
1,322,194
1,327,175
1,331,921
1,329,337

jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

Inventorysales
ratio 4

Retail
Inventory
sales
ratio 4

1.41
1.42
1.36
1.34
1.30
1.27
1.28
1.29
1.32
1.37

234,546
232,096
236,294
247,624
276,213
299,630
324,142
346,119
367,564
313,174

308,906
297,135
300,813
307,550
338,542
365,037
395,634
420,779
436,423
390,453

1.29
1.32
1.25
1.22
1.17
1.18
1.18
1.18
1.21
1.29

249,063
255,644
261,194
272,319
289,983
308,136
323,464
333,771
329,930
305,932

406,730
394,554
415,977
432,084
461,253
472,038
486,502
498,302
478,823
428,946

1.59
1.58
1.55
1.56
1.56
1.51
1.49
1.48
1.51
1.45

274,518
282,131
288,845
301,572
321,217
341,289
358,818
370,960
368,110
344,223

1.37
1.35
1.31
1.31
1.30
1.27
1.26

307,704
310,491
313,562
315,975
319,030
330,869
332,897

400,173
395,608
390,396
387,349
389,434
393,627
390,453

1.30
1.27
1.25
1.23
1.22
1.19
1.17

305,079
305,441
312,576
304,888
310,202
315,401
315,752

439,708
436,520
426,344
428,757
428,774
428,102
428,946

1.44
1.43
1.36
1.41
1.38
1.36
1.36

343,411
343,705
350,727
343,050
348,321
353,863
354,098

316,980 429,197
1.35
318,054 430,249
1.35
325,435 433,910
1.33
326,614 434,929
1.33
322,912 437,060
1.35
r 321,908
440,701
1.37
323,328 ................ ................

355,197
357,272
364,836
365,997
362,219
r 361,204
362,688

2010: Jan ................................................ 1,063,822 1,331,665
1.25 335,870 391,038
1.16
Feb ................................................ 1,066,760 1,340,176
1.26 339,739 393,220
1.16
Mar ................................................ 1,093,913 1,349,012
1.23 348,691 396,057
1.14
Apr ................................................ 1,100,530 1,354,192
1.23 351,783 396,876
1.13
May r .............................................. 1,087,459 1,356,256
1.25 349,899 398,732
1.14
June p ............................................. r 1,081,970 1,360,749
1.26 347,402 399,151
1.15
July p .............................................. .................. .................. ................ ................ ................ ................
1 See

page 21 for manufacturing.
data are averages of monthly not seasonally adjusted figures; monthly data are seasonally adjusted totals for month.
3 Seasonally adjusted, end of period.
2 Annual

4 Annual

data are averages of seasonally adjusted monthly ratios.
Source: Department of Commerce, Bureau of the Census.

20
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food services
sales 2

Inventories 3

Sales 2

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Inventory
sales
ratio 4

Sales 2

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G:\graphics\eecoind.020

Period

Wholesale

MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS
In July, manufacturers’ shipments, inventories, and new orders rose while unfilled orders fell.

Manufacturers’ shipments 1

Manufacturers’ inventories 2

Manufacturers’ new orders 1
Durable goods

Period
Total

Durable
goods

Nondurable
goods

Durable
goods

Total

Nondurable
goods

Total
Total

Capital
goods
industries,
nondefense

Manufacturers’
unfilled
orders 2

Manufacturers’
inventory—
shipments
ratio 3

Millions of dollars, seasonally adjusted, except as noted
350,715
330,875
326,227
334,616
359,081
395,173
417,963
444,859
457,189
384,168
381,862
383,721
390,032
394,253
400,731
408,429
410,972
408,967
419,787
422,133
414,648
412,660
417,089

197,807
181,201
176,968
178,549
188,722
202,070
213,516
224,653
218,725
183,154
183,564
182,319
185,857
185,949
187,705
192,426
192,141
189,328
193,305
197,099
195,799
196,120
200,621

152,908
149,674
149,259
156,067
170,359
193,103
204,447
220,206
238,464
201,014
198,298
201,402
204,175
208,304
213,026
216,003
218,831
219,639
226,482
225,034
218,849
216,540
216,468

481,357
427,852
422,883
408,162
440,559
473,841
523,573
563,456
558,969
509,938
513,340
509,353
506,088
508,967
510,192
509,938
511,430
516,707
519,045
522,387
520,464
520,897
526,001

1 Annual data are averages of monthly not seasonally adjusted figures; monthly data are seasonally adjusted totals for month. Shipments are the same as sales.
2 Seasonally adjusted, end of period.
3 Annual data are averages of seasonally adjusted monthly ratios.
NOTE.—Manufacturers’ nondurable new orders (not shown) are the same as nondurable shipments. Also, there are no unfilled nondurable orders; data shown for total unfilled orders are
durable unfilled orders.

306,472
267,628
260,366
246,823
264,895
283,756
317,786
335,615
338,808
295,335
304,403
300,186
297,925
296,632
295,936
295,335
295,440
297,545
299,463
301,985
305,591
309,396
311,129

174,885
160,224
162,517
161,339
175,664
190,085
205,787
227,841
220,161
214,603
208,937
209,167
208,163
212,335
214,256
214,603
215,990
219,162
219,582
220,402
214,873
211,501
214,872

346,789
322,736
316,835
330,432
354,655
395,383
419,417
456,124
453,583
371,038
374,824
373,332
381,676
385,773
390,090
394,645
406,306
407,985
415,012
419,055
411,469
408,867
409,480

193,881
173,062
167,577
174,366
184,296
202,280
214,970
235,918
215,118
170,024
176,526
171,930
177,501
177,469
177,064
178,642
187,475
188,346
188,530
194,021
192,620
192,327
193,012

69,278
58,240
51,858
53,086
56,179
65,849
71,713
84,340
73,685
53,799
59,075
53,579
56,574
57,481
56,072
55,795
59,563
64,937
60,600
65,483
65,218
65,965
64,638

549,193
514,132
462,279
478,545
497,801
574,104
661,749
868,116
892,699
793,288
819,234
814,274
810,520
807,298
801,847
793,288
794,513
798,552
797,869
800,948
803,078
803,897
802,786

1.35
1.38
1.28
1.24
1.19
1.17
1.20
1.22
1.28
1.36
1.34
1.33
1.30
1.29
1.27
1.25
1.24
1.26
1.24
1.24
1.26
1.26
1.26

Total and durable shipments and inventories include data on semiconductors; new and unfilled orders do not.
Source: Department of Commerce, Bureau of the Census.

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....................................................
....................................................
....................................................
....................................................
....................................................
....................................................
....................................................
....................................................
....................................................
....................................................
July ..........................................
Aug ..........................................
Sept ..........................................
Oct ...........................................
Nov ..........................................
Dec ...........................................
2010: Jan ...........................................
Feb ...........................................
Mar ..........................................
Apr ...........................................
May ..........................................
June r ........................................
July p ........................................
jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2009:

PRICES
PRODUCER PRICES
The producer price index for all finished goods rose 0.2 percent in July. Prices of finished consumer foods rose
0.7 percent and prices of other finished consumer goods fell 0.1 percent. Capital equipment prices rose 0.3 percent.

[1982=100; monthly data seasonally adjusted]
Finished goods
Finished goods excluding consumer foods

Total
finished
goods

Consumer
foods

Consumer goods
Total

jlentini on DSKJ8SOYB1PROD with ECOIND

Total

2000 .........................
2001 .........................
2002 ........................
2003 ........................
2004 ........................
2005 ........................
2006 ........................
2007 ........................
2008 ........................
2009 ........................
2009: July .............
Aug ..............
Sept .............
Oct ...............
Nov ..............
Dec ..............
2010: Jan ..............
Feb ..............
Mar r .............
Apr ..............
May .............
June ............
July .............
1 Intermediate

138.0
140.7
138.9
143.3
148.5
155.7
160.4
166.6
177.1
172.5
171.6
174.1
173.3
173.6
176.2
177.1
179.4
178.5
179.9
179.8
179.3
178.4
178.7

137.2
141.3
140.1
145.9
152.7
155.7
156.7
167.0
178.3
175.5
173.7
174.3
174.3
176.5
177.7
180.1
180.5
181.3
185.7
185.4
184.2
180.2
181.4

138.1
140.4
138.3
142.4
147.2
155.5
161.0
166.2
176.6
171.1
170.3
173.2
172.3
172.2
175.0
175.7
178.4
177.0
177.8
177.7
177.3
177.2
177.2

138.4
141.4
138.8
144.7
150.9
161.9
169.2
175.6
189.1
179.4
177.9
182.2
180.9
181.2
185.4
186.3
190.4
188.3
189.5
189.2
188.5
188.3
188.1

Durable

Nondurable

133.9
134.0
133.0
133.1
135.0
136.6
136.9
138.3
141.2
144.3
144.7
145.4
144.7
143.3
144.2
144.1
144.7
144.7
144.8
145.0
145.4
145.0
145.7

materials for food manufacturing and feeds.

138.7
142.8
139.8
148.4
156.6
172.0
182.6
191.7
210.5
194.1
191.2
197.3
195.6
196.9
202.6
204.1
209.8
206.7
208.4
208.0
206.6
206.5
205.9

Capital
equipment

138.8
139.7
139.1
139.5
141.4
144.6
146.9
149.5
153.8
156.7
157.0
157.5
157.2
156.3
156.9
156.9
157.2
157.2
157.2
157.5
157.7
157.7
158.1

Total

138.2
141.5
139.4
145.3
151.7
160.4
166.0
173.5
186.3
179.1
177.5
180.9
179.9
180.7
184.1
185.5
188.6
187.2
189.2
189.0
188.1
186.9
187.1

129.2
129.7
127.8
133.7
142.6
154.0
164.0
170.7
188.3
172.5
170.4
173.3
173.3
174.0
176.0
177.3
180.6
180.6
181.8
183.0
183.7
182.1
181.3

Foods
and
feeds 1

111.7
115.9
115.5
125.9
137.1
133.8
135.2
154.4
181.6
166.0
164.6
165.1
165.7
165.5
167.3
170.3
169.8
168.9
168.0
168.9
169.6
169.8
169.1

21:22 Sep 07, 2010

Jkt 058106

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Other

Total

Foodstuffs
and
feedstuffs

Other

130.1
130.5
128.5
134.2
143.0
155.1
165.4
171.5
188.7
173.0
171.0
174.1
174.1
174.8
176.8
177.9
181.6
181.7
183.0
184.3
184.9
183.2
182.4

120.6
121.0
108.1
135.3
159.0
182.2
184.8
207.1
251.8
175.2
170.1
177.8
173.9
186.1
193.9
197.1
213.8
208.5
212.4
210.8
204.9
200.0
205.3

100.2
106.1
99.5
113.5
127.0
122.7
119.3
146.7
163.4
134.5
128.5
129.3
127.9
135.4
136.9
141.3
144.8
143.5
148.0
149.8
148.9
141.0
145.6

130.4
126.8
111.4
148.2
179.2
223.4
230.6
246.3
313.9
197.5
194.1
207.9
201.8
217.4
230.6
232.3
260.2
251.5
254.4
249.7
239.6
237.9
243.5

Source: Department of Labor, Bureau of Labor Statistics.

22
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E:\HR\OC\ECOIND.022

ECOIND

G:\GRAPHICS\eecoind.022

Period

Intermediate materials
Total
finished
consumer
goods

CONSUMER PRICES—ALL URBAN CONSUMERS
In July, the consumer price index for all urban consumers rose 0.3 percent; it was virtually unchanged before
seasonal adjustment. The index was 1.2 percent above its year-earlier level.

[1982–84=100, except as noted; monthly data seasonally adjusted, except as noted]
Housing

Transportation

Shelter
Seasonally
adjusted

Rel. imp.3 ...............
2000 .......................
2001 .......................
2002 .......................
2003 .......................
2004 .......................
2005 .......................
2006 .......................
2007 .......................
2008 .......................
2009 .......................

100.0
172.2
177.1
179.9
184.0
188.9
195.3
201.6
207.342
215.303
214.537

..............
13.7
42.0
32.3
6.0
..............
167.8
169.6
193.4
183.9
..............
173.1
176.4
200.6
192.1
..............
176.2
180.3
208.1
199.7
..............
180.0
184.8
213.1
205.5
..............
186.2
189.5
218.8
211.0
..............
190.7
195.7
224.4
217.3
..............
195.2
203.2
232.1
225.1
.............. 202.916 209.586 240.611 234.679
.............. 214.106 216.264 246.666 243.271
.............. 217.955 217.057 249.354 248.812

25.2
5.1
3.7
16.7
4.5
6.5
198.7
137.9
129.6
153.3
129.3
260.8
206.3
150.2
127.3
154.3
124.7
272.8
214.7
143.6
124.0
152.9
116.6
285.6
219.9
154.5
120.9
157.6
135.8
297.1
224.9
161.9
120.4
163.1
160.4
310.1
230.2
179.0
119.5
173.9
195.7
323.2
238.2
194.7
119.5
180.9
221.0
336.2
246.235 200.632 118.998 184.682 239.070 351.054
252.426 220.018 118.907 195.549 279.652 364.065
256.610 210.696 120.078 179.252 201.978 375.613

8.6
77.7
124.6
181.3
129.3
186.1
121.7
190.5
136.5
193.2
151.4
196.6
177.1
200.9
196.9
205.9
207.723 210.729
236.666 215.572
193.126 219.235

2009: July ...........
Aug ............
Sept ...........
Oct .............
Nov ............
Dec ............

215.351
215.834
215.969
216.177
216.330
215.949

214.774
215.566
215.911
216.357
216.859
217.224

217.358
217.419
217.262
217.335
217.482
217.801

216.727
216.805
216.721
216.926
216.881
216.880

249.463
249.643
249.558
249.644
249.173
249.216

249.247
249.218
249.133
248.946
248.786
248.788

256.999
257.226
256.942
256.952
256.721
256.708

206.814
207.457
207.380
209.288
211.881
211.685

120.665
120.608
120.894
120.555
120.247
120.684

180.592
184.037
185.514
187.266
189.647
191.018

208.886
223.329
225.955
226.620
232.878
236.762

375.774
376.896
378.409
379.184
380.212
380.732

194.149
201.267
202.380
203.606
208.041
209.699

219.533
219.687
220.035
220.459
220.546
220.764

2010: Jan ............
Feb ............
Mar ............
Apr ............
May ............
June ...........
July ...........

216.687
216.741
217.631
218.009
218.178
217.965
218.011

217.587
217.591
217.729
217.579
217.224
216.929
217.597

218.339
218.494
219.032
219.396
219.459
219.369
219.222

216.185
216.181
216.280
216.129
216.172
215.933
216.192

248.029
247.976
247.812
247.855
248.080
248.360
248.533

248.885
248.813
248.957
248.982
249.015
249.201
249.381

256.509
256.449
256.170
256.091
256.166
256.370
256.521

212.757
213.770
216.172
215.725
214.885
212.218
213.471

120.613
119.814
119.316
118.459
118.740
119.705
120.373

193.593
193.332
193.195
192.243
189.994
188.135
190.544

248.088
244.826
242.182
236.628
224.806
215.489
224.977

382.737
384.703
386.007
386.905
387.136
388.254
387.933

215.536
214.379
214.376
211.324
205.093
199.059
204.195

220.463
220.579
220.664
220.768
221.037
221.388
221.676

Period

jlentini on DSKJ8SOYB1PROD with ECOIND

All
items
less
food
and
energy

Not
seasonally
adjusted
(NSA)

Food
Total 1
Total 1

Rent
of primary
residence

1 Includes

items not shown separately.
fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant,
etc. excluded beginning 1983.
2 Household

Owners’
equivalent
rent
(12/82=
100)

Fuels
and
utilities

Apparel

Total 1

Motor
fuel

Medical
care

Energy 2

3 Relative

importance, December 2009.
Source: Department of Labor, Bureau of Labor Statistics.

23
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ECOIND

g:\graphics\eecoind.023

All items 1

CHANGES IN PRODUCER PRICES FOR FINISHED GOODS
[Percent change from preceding period; monthly data seasonally adjusted, except as noted by NSA]

Period

Change from preceding period

Change from 3 months earlier, annual rate

Change from 6 months earlier, annual rate

Consumer goods

Consumer goods

Consumer goods

Total
finished
goods

Foods

Capital
equipment

Excluding
foods

Change
from year
earlier,
total
finished
goods
NSA

Total
finished
goods

Foods

Excluding
foods

Capital
equipment

Total
finished
goods

Foods

Excluding
foods

Capital
equipment

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

................
................
................
................
................
................
................
................
................
................

Change, Dec. to Dec., NSA
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

..................
..................
..................
..................
..................
..................
..................
..................
..................
..................

3.6
¥1.6
1.2
4.0
4.2
5.4
1.1
6.2
¥.9
4.3

1.7
1.8
¥.6
7.7
3.1
1.7
1.7
7.6
3.2
1.2

5.5
¥3.9
2.9
4.1
5.5
8.8
.4
7.7
¥4.8
7.4

1.2
0
¥.6
.8
2.4
1.2
2.3
1.4
4.3
¥.1

3.8
2.0
¥1.3
3.2
3.6
4.8
3.0
3.9
6.3
¥2.6

Change, month to month
.......
........
.......
........
........
........

¥1.2
1.5
¥.5
.2
1.5
.5

¥1.3
.3
.0
1.3
.7
1.4

¥1.7
2.4
¥.7
.2
2.3
.5

¥0.1
.3
¥.2
¥.6
.4
.0

2.4
8.5
¥.9
4.7
4.9
9.1

¥6.6
.2
¥3.8
6.6
8.0
14.0

6.6
14.6
¥.2
7.6
7.2
12.5

0.0
1.8
.0
¥1.8
¥1.5
¥.8

0.5
3.8
4.4
3.5
6.7
4.0

¥4.9
¥1.3
.3
¥.2
4.1
4.7

2.5
7.0
7.8
7.1
10.8
5.9

¥0.1
.6
.3
¥.9
.1
¥.4

¥6.9
¥4.4
¥4.9
¥2.0
2.2
4.3

2010: Jan ........
Feb ........
Mar r ......
Apr ........
May .......
June ......
July .......

1.3
¥.5
.8
¥.1
¥.3
¥.5
.2

.2
.4
2.4
¥.2
¥.6
¥2.2
.7

2.2
¥1.1
.6
¥.2
¥.4
¥.1
¥.1

.2
.0
.0
.2
.1
.0
.3

14.0
5.3
6.5
.9
1.8
r ¥3.3
¥2.4

9.4
8.4
13.0
11.3
6.6
¥11.3
¥8.4

21.9
6.4
7.0
¥2.5
.4
r ¥2.5
¥2.3

2.3
.8
.8
.8
1.3
1.3
1.5

9.3
5.1
7.8
7.3
3.5
1.5
¥.8

8.0
8.2
13.5
10.3
7.4
.1
1.0

14.5
6.8
9.7
9.0
3.4
2.2
¥2.4

.3
¥.4
.0
1.5
1.0
1.0
1.1

4.5
4.2
5.9
5.5
5.3
2.8
4.2

2009: July
Aug
Sept
Oct
Nov
Dec

Source: Department of Labor, Bureau of Labor Statistics.

CHANGES IN CONSUMER PRICES—ALL URBAN CONSUMERS
[Percent change from preceding period; monthly data seasonally adjusted, except as noted by NSA]
Housing

Transportation

Shelter
Period

All
items 1

Food
Total 1
Total 1

Rent of Ownpriers’
mary equivaresilent
dence
rent

Fuels
and
utilities

Apparel

Total 1

New
cars

Motor
fuel

Medical
care

Energy 2

All
items
less
food
and
energy

Addendum: All items,
percent change
(annual rate)
From
previous
quarter 3

From
From
3
6
months months
earlier earlier

From
year
earlier
NSA

Change, December to December, NSA
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

..........................
..........................
..........................
..........................
..........................
..........................
..........................
..........................
..........................
..........................

3.4
1.6
2.4
1.9
3.3
3.4
2.5
4.1
.1
2.7

2.8
2.8
1.5
3.6
2.7
2.3
2.1
4.9
5.9
¥.5

4.3
2.9
2.4
2.2
3.0
4.0
3.3
3.0
2.4
¥.3

3.4
4.2
3.1
2.2
2.7
2.6
4.2
3.1
1.9
.3

4.0
4.7
3.1
2.7
2.9
3.1
4.3
4.0
3.4
.7

3.4
4.5
3.3
2.0
2.3
2.5
4.3
2.8
2.1
.7

12.1
¥2.1
1.4
6.5
7.9
15.6
.5
5.4
6.0
¥3.0

¥1.8
4.1
¥3.2 ¥3.8
¥1.8
3.8
¥2.1
.3
¥.2
6.5
¥1.1
4.8
.9
1.6
¥.3
8.3
¥1.0 ¥13.3
1.9 14.4

0.3
0
¥2.0
¥2.1
.5
.8
.2
¥.4
¥1.1
3.6

13.9
¥24.8
24.6
6.8
26.1
16.2
6.4
29.5
¥42.2
50.7

4.2
4.7
5.0
3.7
4.2
4.3
3.6
5.2
2.6
3.4

14.2
¥13.0
10.7
6.9
16.6
17.1
2.9
17.4
¥21.3
18.2

2.6
2.7
1.9
1.1
2.2
2.2
2.6
2.4
1.8
1.8

..........
..........
..........
..........
..........
..........
..........
..........
..........
..........

..........
..........
..........
..........
..........
..........
..........
..........
..........
..........

..........
..........
..........
..........
..........
..........
..........
..........
..........
..........

3.4
2.8
1.6
2.3
2.7
3.4
3.2
2.8
3.8
¥.4

0.5
¥1.4
.5
1.4
1.0
¥.2
¥.8
.1
.0
¥.2
.1
.0
.0

1.2
6.9
1.2
.3
2.8
1.7
4.8
¥1.3
¥1.1
¥2.3
¥5.0
¥4.1
4.4

0.2
.3
.4
.2
.3
.1
.5
.5
.3
.2
.1
.3
¥.1

0.5
3.7
.6
.6
2.2
.8
2.8
¥.5
.0
¥1.4
¥2.9
¥2.9
2.6

0.1
.1
.2
.2
.0
.1
¥.1
.1
.0
.0
.1
.2
.1

..........
..........
3.7
..........
..........
2.6
..........
..........
1.5
..........
..........
¥.7
..........

3.7
4.8
2.5
3.0
2.4
2.5
2.3
1.4
.9
.0
¥.7
¥1.5
.0

2.7
2.5
3.1
3.4
3.6
2.5
2.6
1.9
1.7
1.1
.3
¥.3
.0

¥2.1
¥1.5
¥1.3
¥.2
1.8
2.7
2.6
2.1
2.3
2.2
2.0
1.1
1.2

jlentini on DSKJ8SOYB1PROD with ECOIND

Change, month to month
2009: July ..............
Aug ...............
Sept ..............
Oct ................
Nov ...............
Dec ...............
2010: Jan ...............
Feb ...............
Mar ...............
Apr ...............
May ...............
June ..............
July ..............

0.1
.4
.2
.2
.2
.2
.2
.0
.1
¥.1
¥.2
¥.1
.3

¥0.2
.0
¥.1
.0
.1
.1
.2
.1
.2
.2
.0
.0
¥.1

¥0.1
.0
.0
.1
.0
.0
¥.3
.0
.0
¥.1
.0
¥.1
.1

¥0.1
.1
.0
.0
¥.2
.0
¥.5
.0
¥.1
.0
.1
.1
.1

0.0
.0
.0
¥.1
¥.1
.0
.0
.0
.1
.0
.0
.1
.1

0.0
.1
¥.1
.0
¥.1
.0
¥.1
.0
¥.1
.0
.0
.1
.1

¥0.1
.3
.0
.9
1.2
¥.1
.5
.5
1.1
¥.2
¥.4
¥1.2
.6

0.4
.0
.2
¥.3
¥.3
.4
¥.1
¥.7
¥.4
¥.7
.2
.8
.6

1 Includes

items not shown separately.
fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant,
etc., excluded beginning 1983.
2 Household

0.6
1.9
.8
.9
1.3
.7
1.3
¥.1
¥.1
¥.5
¥1.2
¥1.0
1.3

3 Quarterly

changes are shown in the last month of the quarter.
Source: Department of Labor, Bureau of Labor Statistics.

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ECOIND

PRICES RECEIVED AND PAID BY FARMERS
In August, prices paid by farmers were unchanged and prices received by farmers rose 2.1 percent. (Data are
not seasonally adjusted.)

[1990–92=100; not seasonally adjusted]
Prices received by farmers
All farm
products

Livestock and
products

Crops

All commodities,
services, interest,
taxes, and wage
rates 1

Production
items, interest,
taxes, and wage
rates

Production
items

Ratio 2

2000 ..............................
2001 ..............................
2002 ..............................
2003 ..............................
2004 ..............................
2005 ..............................
2006 ..............................
2007 ..............................
2008 ..............................
2009 r .............................

96
102
98
106
118
114
115
136
149
131

96
99
105
110
115
110
120
142
169
150

97
106
90
103
122
119
111
130
130
112

119
123
124
128
134
142
150
161
183
179

117
121
121
125
133
141
150
162
188
182

115
120
119
124
132
140
148
160
190
182

81
83
79
84
88
81
77
85
82
73

2009: Aug r ...................
Sept r ..................
Oct r ....................
Nov r ...................
Dec r ...................

126
126
134
136
135

146
142
151
154
150

109
108
110
115
119

177
176
177
178
178

180
179
180
181
182

180
179
179
181
181

71
72
76
76
76

2010: Jan ....................
Feb r ...................
Mar r ...................
Apr ....................
May ....................
June ...................
July r ..................
Aug p ...................

139
135
141
138
141
138
142
145

152
147
154
150
152
147
150
155

122
123
128
128
131
129
132
133

183
182
182
183
183
182
182
182

187
186
185
187
186
186
186
186

186
185
184
186
186
185
185
186

76
74
77
75
77
76
78
80

1 Includes

items not shown separately.
ratio of index of prices received by farmers to index of prices paid, interest,
taxes, and wage rates.
2 Percentage

NOTE.—The official indexes are published on a 1910–14 base as required by law. The indexes have been converted to a 1990–92=100 base to facilitate comparison with other indexes.
Source: Department of Agriculture.

25
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ECOIND

G:\GRAPHICS\eecoind.025

jlentini on DSKJ8SOYB1PROD with ECOIND

Period

Prices paid by farmers

MONEY, CREDIT, AND SECURITY MARKETS
MONEY STOCK AND DEBT MEASURES
In July, M2 fell.

[Averages of daily figures, except debt end-of-period basis; billions of dollars, seasonally adjusted]
M1

M2

Sum of currency,
demand deposits,
travelers checks,
and other
checkable deposits (OCDs)

M1 plus retail
MMMF balances,
savings deposits
(including
MMDAs), and
small time deposits

........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................

1,087.7
1,182.2
1,220.4
1,306.9
1,376.8
1,375.1
1,367.1
1,374.5
1,602.1
1,696.6

4,913.8
5,429.5
5,778.3
6,067.1
6,409.1
6,674.6
7,075.2
7,505.6
8,257.5
8,544.4

18,166.1
19,298.3
20,716.9
22,444.5
24,443.4
26,770.4
29,186.1
31,717.4
33,615.8
34,654.8

¥3.1
8.7
3.2
7.1
5.3
¥.1
¥.6
.5
16.6
5.9

6.1
10.5
6.4
5.0
5.6
4.1
6.0
6.1
10.0
3.5

5.0
6.3
7.4
8.1
8.8
9.5
9.0
8.7
6.0
3.1

2009: July ........................................................................................
Aug ........................................................................................
Sept .......................................................................................
Oct .........................................................................................
Nov ........................................................................................
Dec ........................................................................................
2010: Jan ........................................................................................
Feb r .......................................................................................
Mar r .......................................................................................
Apr ........................................................................................
May r .......................................................................................
June r .....................................................................................
July ........................................................................................

1,650.0
1,648.5
1,660.9
1,676.2
1,687.5
1,696.6
1,680.8
1,714.8
1,713.1
1,701.7
1,706.8
1,722.7
1,718.4

8,445.3
8,422.0
8,461.1
8,494.0
8,525.2
8,544.4
8,488.5
8,549.9
8,526.0
8,498.1
8,580.0
8,611.2
8,610.9

............................
............................
34,541.4
............................
............................
34,654.8
............................
............................
35,010.1
............................
............................
............................
............................

8.4
9.5
10.6
8.4
9.8
6.1
3.7
8.0
6.3
3.0
2.3
3.1
4.5

3.0
1.5
1.2
3.0
2.0
2.1
1.0
3.0
1.5
.1
1.3
1.6
2.9

......................
......................
2.7
......................
......................
1.3
......................
......................
3.5
......................
......................
......................
......................

jlentini on DSKJ8SOYB1PROD with ECOIND

2000:
2001:
2002:
2003:
2004:
2005:
2006:
2007:
2008:
2009:

Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec

1 Quarterly data; shown in last month of quarter. End-of-year data are for fourth quarter.
Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors; data from flow of funds accounts.
2 Annual changes are from December to December and monthly changes are from 6 months
earlier at a simple annual rate.
3 Annual changes are from fourth quarter to fourth quarter. Quarterly changes are from previous quarter at an annual rate.

Debt of
domestic
nonfinancial
sectors 1

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M1

M2

From
previous
period 3
Debt

NOTE.—The Federal Reserve no longer publishes the M3 monetary aggregate and most of
its components. Institutional money market mutual funds continue to be published as a memorandum item in the H.6 release, and the component on large-denomination time deposits is published in other Federal Reserve Board releases. For details, see H.6 release of March 23, 2006.
See p. 27 for components.
Source: Board of Governors of the Federal Reserve System.

26
VerDate Mar 15 2010

Percent change
From year or 6
months
earlier 2

Sfmt 3401

E:\HR\OC\ECOIND.026

ECOIND

g:\graphics\eecoind.026

Period

Debt

COMPONENTS OF MONEY STOCK
[Averages of daily figures; billions of dollars, seasonally adjusted]

Period

2000:
2001:
2002:
2003:
2004:
2005:
2006:
2007:
2008:
2009:

Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec

Currency

Nonbank
travelers
checks

Demand
deposits

Other checkable
deposits (OCDs)

Savings
deposits 1

At
commercial
banks

Total

At
commercial
banks

Total

At
thrift
institutions

Small-denomination
time deposits 2
At
thrift
institutions

Total

At
commercial
banks

Retail
money
funds

At
thrift
institutions

Institutional
money
funds 3

......
......
......
......
......
......
......
......
......
......

531.2
581.1
626.3
662.5
697.7
724.1
749.6
759.8
815.3
862.2

8.3
8.0
7.8
7.7
7.5
7.2
6.7
6.3
5.5
5.1

309.9
335.7
306.8
326.4
343.5
325.0
305.3
301.9
468.1
443.8

238.4
257.4
279.6
310.2
328.0
318.9
305.4
306.6
313.2
385.5

133.2
142.0
154.3
175.2
187.0
180.9
177.0
173.4
179.2
234.1

105.2
115.4
125.3
135.0
141.1
138.0
128.4
133.2
134.0
151.4

1,878.4
2,309.2
2,773.6
3,162.9
3,507.4
3,605.1
3,698.6
3,877.3
4,113.0
4,848.6

1,424.4
1,738.5
2,060.0
2,338.1
2,631.7
2,775.9
2,914.4
3,048.4
3,340.2
4,007.0

454.0
570.7
713.6
824.8
875.7
829.1
784.2
829.0
772.8
841.5

1,046.0
974.6
894.7
818.1
828.3
993.6
1,205.6
1,275.0
1,455.3
1,173.0

700.8
636.1
591.3
541.9
552.0
646.7
780.4
858.2
1,076.8
854.3

345.3
338.5
303.5
276.1
276.3
346.9
425.1
416.8
378.5
318.7

901.7
963.4
889.5
779.3
696.6
700.9
804.0
978.7
1,087.2
826.3

820.3
1,222.9
1,275.8
1,135.5
1,087.7
1,158.8
1,365.5
1,922.0
2,408.1
2,221.2

2009: July .....
Aug .....
Sept .....
Oct ......
Nov .....
Dec ......

854.2
857.8
861.5
862.7
861.8
862.2

5.1
5.1
5.1
5.1
5.1
5.1

436.0
427.3
430.6
432.8
435.6
443.8

354.7
358.3
363.7
375.6
385.1
385.5

213.3
217.3
220.3
226.0
236.3
234.1

141.3
141.1
143.3
149.6
148.7
151.4

4,507.6
4,547.3
4,633.6
4,715.9
4,788.0
4,848.6

3,673.6
3,717.3
3,791.5
3,861.7
3,952.4
4,007.0

834.0
830.1
842.2
854.2
835.6
841.5

1,336.6
1,307.2
1,272.0
1,234.4
1,202.3
1,173.0

983.1
964.8
939.1
906.1
880.2
854.3

353.5
342.3
332.9
328.3
322.1
318.7

951.2
919.0
894.7
867.5
847.4
826.3

2,490.6
2,445.5
2,406.2
2,339.0
2,282.9
2,221.2

2010: Jan r .....
Feb r ....
Mar r ....
Apr r .....
May r ....
June r ...
July .....

861.2
867.3
871.6
877.3
881.3
883.2
886.5

5.1
5.1
5.0
5.0
4.9
4.8
4.8

438.0
457.9
447.1
451.9
448.7
460.0
455.5

376.5
384.6
389.4
367.5
371.9
374.7
371.6

221.6
228.0
235.1
214.3
216.3
223.1
220.6

154.9
156.5
154.3
153.2
155.6
151.6
151.1

4,855.9
4,910.9
4,935.5
4,957.3
5,048.9
5,075.3
5,100.9

4,009.9
4,050.6
4,064.8
4,092.0
4,167.9
4,186.9
4,209.3

846.0
860.3
870.8
865.2
880.9
888.4
891.7

1,145.0
1,129.2
1,109.8
1,091.9
1,075.2
1,059.6
1,044.8

830.6
818.3
802.8
789.3
776.1
764.0
752.0

314.5
310.8
307.0
302.6
299.1
295.6
292.8

806.7
795.1
767.5
747.2
749.2
753.6
746.7

2,179.4
2,107.8
2,024.1
1,943.0
1,894.2
1,863.7
1,868.4

1 Savings

deposits including money market deposit accounts (MMDAs).
deposits are those issued in amounts of less than $100,000.
money funds are not part of non-M1 M2.

NOTE.—See Note, p. 26.
Source: Board of Governors of the Federal Reserve System.

2 Small-denomination
3 Institutional

AGGREGATE RESERVES AND MONETARY BASE
[Averages of daily figures 1; millions of dollars; seasonally adjusted, except as noted by NSA]
Adjusted for changes in reserve requirements

Borrowings from the Federal Reserve (NSA)
Other borrowings from the Federal Reserve

Reserves of depository institutions

Period
Total 2

jlentini on DSKJ8SOYB1PROD with ECOIND

2000:
2001:
2002:
2003:
2004:
2005:
2006:
2007:
2008:
2009:

Nonborrowed 3

Required

Excess
(NSA)

Monetary
base

Total 4

Term
auction
credit

Primary

Primary
dealer
and
other
brokerdealer
credit 5

Assetbacked
commercial
paper
money
market
mutual
fund
liquidity
facility

Credit
extended
to
American
International
Group,
Inc.

Term
assetbacked
securities
loan
facility,
net 6

Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec

.............
.............
.............
.............
.............
.............
.............
.............
.............
.............

38,724
41,428
40,339
42,630
46,540
45,088
43,219
43,214
820,302
1,138,588

38,515
41,361
40,259
42,584
46,477
44,919
43,028
27,783
166,736
968,661

37,399
39,785
38,331
41,584
44,632
43,188
41,357
41,429
52,972
63,253

1,325
1,643
2,008
1,046
1,908
1,900
1,862
1,784
767,330
1,075,335

584,984
635,567
681,647
720,390
759,377
787,578
812,410
824,373
1,654,064
2,017,668

210
67
80
46
63
169
191
15,431
653,566
169,927

..............
..............
..............
..............
..............
..............
..............
11,613
438,327
82,014

..............
..............
..............
17
11
97
111
3,787
88,245
19,025

..............
..............
..............
..............
..............
..............
..............
..............
47,631
0

..............
..............
..............
..............
..............
..............
..............
..............
32,102
0

..............
..............
..............
..............
..............
..............
..............
..............
47,206
22,023

..............
..............
..............
..............
..............
..............
..............
..............
..............
46,310

2009: July
Aug
Sept
Oct
Nov
Dec

............
............
............
.............
.............
.............

794,993
828,420
922,442
1,056,301
1,140,570
1,138,588

428,032
496,970
615,616
791,243
923,263
968,661

62,521
62,644
62,446
61,703
63,427
63,253

732,472
765,776
859,996
994,598
1,077,143
1,075,335

1,666,506
1,703,410
1,801,039
1,936,560
2,018,931
2,017,668

366,961
331,450
306,827
265,058
217,307
169,927

255,119
224,490
196,731
155,396
110,049
82,014

34,366
32,147
29,243
25,163
20,434
19,025

0
0
0
0
0
0

6,230
184
79
28
0
0

43,108
40,021
39,074
41,222
43,222
22,023

27,993
33,898
41,036
42,765
43,497
46,310

2010: Jan .............
Feb .............
Mar ............
Apr .............
May ............
June r ..........
July p ..........

1,108,875
1,224,521
1,186,315
1,116,840
1,109,490
1,099,215
1,087,100

966,733
1,113,294
1,094,670
1,036,615
1,033,864
1,029,318
1,021,253

62,941
62,523
65,797
66,501
64,582
64,185
65,385

1,045,935
1,161,998
1,120,517
1,050,339
1,044,908
1,035,031
1,021,715

1,986,802
2,109,312
2,075,411
2,010,526
2,007,398
1,999,074
1,990,198

142,142
111,227
91,644
80,225
75,626
69,897
65,847

54,209
23,677
7,286
796
0
0
0

16,407
14,258
11,136
6,468
4,198
288
39

0
0
..............
..............
..............
..............
..............

0
0
0
0
0
0
0

23,213
25,544
25,252
25,739
26,397
25,937
24,185

47,342
46,874
47,306
46,617
44,565
43,401
41,548

1 Data

are prorated averages of biweekly (maintenance period) averages of daily figures.
Reserves and monetary base incorporate adjustments for discontinuities, or ‘‘breaks,’’ associated with changes in reserve requirements.
2 Seasonally adjusted break-adjusted required reserves plus unadjusted excess reserves.
3 Seasonally adjusted break-adjusted total reserves less unadjusted total borrowings of depository institutions from the Federal Reserve.

4 Includes

secondary and seasonal, and other credit extensions, not shown separately.
credit extended through the Primary Dealer Credit Facility and credit extended
to other broker-dealers.
6 Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers
through the Term Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
Source: Board of Governors of the Federal Reserve System.
5 Includes

27
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ECOIND

BANK CREDIT AT ALL COMMERCIAL BANKS
Total commercial bank loans and leases fell 0.2 percent in July.

[Billions of dollars, seasonally adjusted 1]
Securities in bank credit 2

jlentini on DSKJ8SOYB1PROD with ECOIND

2000:
2001:
2002:
2003:
2004:
2005:
2006:
2007:
2008:
2009:
2009:

Dec ...........................
Dec ...........................
Dec ...........................
Dec ...........................
Dec ...........................
Dec ...........................
Dec ...........................
Dec ...........................
Dec ...........................
Dec ...........................
July ..........................
Aug ...........................
Sept ..........................
Oct ............................
Nov ...........................
Dec ...........................
2010: Jan ...........................
Feb ...........................
Mar r ..........................
Apr r ..........................
May r .........................
June r ........................
July ..........................

U.S.
Treasury
and
agency
securities

Total
securities

5,030.3
5,215.6
5,642.6
6,004.6
6,576.8
7,296.4
8,082.0
8,886.1
9,359.2
9,011.1
9,202.6
9,159.4
9,070.6
8,984.7
9,043.6
9,011.1
8,942.1
8,883.9
8,940.7
9,255.5
9,194.0
9,147.7
9,210.1

1,196.2
1,328.8
1,516.8
1,645.9
1,738.9
1,850.6
1,980.9
2,099.0
2,101.3
2,332.2
2,267.5
2,299.0
2,306.6
2,296.4
2,304.9
2,332.2
2,334.9
2,336.9
2,322.2
2,325.7
2,304.9
2,286.9
2,361.8

780.7
837.9
1,002.6
1,086.1
1,143.4
1,133.5
1,185.7
1,107.6
1,238.0
1,437.6
1,342.0
1,379.6
1,395.3
1,389.5
1,401.4
1,437.6
1,438.3
1,448.6
1,457.8
1,503.9
1,501.4
1,495.7
1,548.8

Other
securities

415.4
490.9
514.2
559.8
595.5
717.1
795.2
991.4
863.3
894.6
925.5
919.4
911.3
906.9
903.5
894.6
896.6
888.3
864.5
821.7
803.4
791.2
813.0

1 Data are prorated averages of Wednesday values for domestically chartered commercial
banks, branches and agencies of foreign banks, and Edge Act and agreement corporations.
2 Includes securities held in trading accounts, held-to-maturity, and available-for-sale. Excludes all non-security trading assets, such as derivatives with a positive fair value or loans
held in trading accounts.

Commercial
and
industrial
loans

Total
loans
and
leases 3

3,834.1
3,886.9
4,125.8
4,358.7
4,837.9
5,445.8
6,101.1
6,787.1
7,258.0
6,678.8
6,935.1
6,860.4
6,763.9
6,688.3
6,738.7
6,678.8
6,607.2
6,547.1
6,618.5
6,929.8
6,889.1
6,860.7
6,848.3

1,087.7
1,023.9
962.0
899.6
928.0
1,060.7
1,206.4
1,445.8
1,618.0
1,316.0
1,450.4
1,417.8
1,385.4
1,354.5
1,337.3
1,316.0
1,289.2
1,271.8
1,259.0
1,257.1
1,244.8
1,237.5
1,238.8

Real estate loans

Total 4

1,638.0
1,758.4
2,009.5
2,207.7
2,553.8
2,923.7
3,364.7
3,591.9
3,816.7
3,783.3
3,833.1
3,812.0
3,763.5
3,736.9
3,805.1
3,783.3
3,755.9
3,720.2
3,705.2
3,713.1
3,698.5
3,680.3
3,654.9

Revolving
home
equity
loans

129.7
153.4
212.8
278.7
395.3
443.1
467.4
484.4
588.7
602.4
607.1
606.0
603.1
600.8
604.4
602.4
600.1
599.3
600.1
603.2
599.7
597.0
596.1

21:22 Sep 07, 2010

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Fmt 3401

..............
..............
..............
..............
1,081.7
1,271.5
1,458.6
1,583.3
1,725.3
1,645.0
1,696.1
1,688.4
1,678.1
1,665.1
1,657.9
1,645.0
1,625.7
1,616.8
1,607.5
1,596.6
1,584.3
1,572.3
1,557.8

Consumer
loans 5

532.0
549.4
578.9
635.4
685.6
697.0
731.2
792.2
859.7
829.2
852.7
850.1
846.4
842.5
838.0
829.2
813.9
813.4
894.2
1,177.2
1,168.4
1,167.3
1,168.5

Other
loans
and
leases 6

576.4
555.2
575.5
615.9
670.5
764.4
798.7
957.1
963.5
750.3
798.9
780.6
768.7
754.5
758.3
750.3
748.1
741.6
760.0
782.5
777.4
775.6
786.1

3 Excludes unearned income. Includes the allowance for loan and lease losses. Excludes Federal funds sold to, reverse repurchase agreements (RPs) with, and loans to commercial banks
in the United States. Includes all loans held in trading accounts under a fair value option.
4 Includes closed-end residential loans, not shown separately.
5 Includes credit cards and other consumer loans.
6 Includes other items, not shown separately.
Source: Board of Governors of the Federal Reserve System.

28
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loans

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ECOIND

g:\graphics\eecoind.028

Period

Total
bank
credit

Loans and leases in bank credit

SOURCES AND USES OF FUNDS, NONFARM NONFINANCIAL CORPORATE
BUSINESS
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Sources

Uses

External (Net increase in liabilities)
Funds raised in markets
Period
Total

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2008:

................
................
................
................
................
................
................
................
................
................
I ...........
II .........
III ........
IV ........
2009: I ...........
II .........
III ........
IV ........
2010: I p .........

1,972.3
862.9
907.8
853.3
1,553.0
2,052.3
1,928.3
2,386.6
1,735.1
1,520.7
1,602.9
1,632.4
1,960.7
1,744.3
1,544.9
1,418.4
1,451.0
1,668.6
1,677.3

Internal 1

734.9
767.7
822.9
839.9
944.0
1,091.1
1,091.8
1,109.3
1,148.0
1,154.1
1,102.8
1,107.2
1,233.4
1,148.5
1,141.3
1,140.4
1,158.8
1,176.0
1,220.7

Credit market instruments
Total

1,237.4
95.2
84.9
13.4
609.0
961.2
836.5
1,277.3
587.1
366.6
500.1
525.2
727.3
595.8
403.6
278.0
292.2
492.6
456.6

Total

Total
net
funds
raised

Net new
equity
issues

244.5
161.0
17.3
47.5
74.7
¥15.8
¥94.4
¥32.1
44.7
¥59.9
67.3
271.5
123.4
¥283.2
¥33.9
82.8
80.7
¥369.2
81.1

Total

¥118.2
¥48.1
¥16.2
¥39.6
¥122.7
¥341.8
¥565.7
¥786.8
¥336.0
¥63.3
¥430.0
¥218.2
¥342.8
¥352.9
¥133.1
126.4
65.7
¥312.2
¥207.6

Securities
and mortgages

362.7
209.2
33.6
87.1
197.4
326.0
471.3
754.7
380.7
3.4
497.3
489.7
466.1
69.6
99.2
¥43.6
15.0
¥57.0
288.7

1 Profits before tax (book) less taxes on corporate income, less net dividends, plus capital consumption allowance (consumption of fixed capital plus capital consumption adjustment), foreign
earnings retained abroad, inventory valuation adjustment, and net capital transfers.
2 Includes trade payables, taxes payable, and miscellaneous liabilities (foreign direct investment in the U.S., pension fund contributions payable, and other).

187.1
398.6
166.6
216.7
133.0
259.2
307.2
369.9
249.8
353.6
262.3
409.9
134.3
192.6
587.0
384.1
246.7
196.3
370.6

Loans
and
shortterm
paper

Other 2

175.6
¥189.4
¥133.0
¥129.5
64.4
66.9
164.0
384.9
131.0
¥350.2
235.0
79.9
331.8
¥122.9
¥487.9
¥427.8
¥231.7
¥253.4
¥81.9

992.9
¥65.7
67.5
¥34.0
534.4
977.0
930.8
1,309.4
542.4
426.6
432.8
253.6
603.9
879.0
437.5
195.2
211.5
861.8
375.5

2,166.5
1,015.5
917.0
881.0
1,654.0
1,929.4
1,839.3
2,252.0
1,206.3
1,348.0
1,396.4
1,476.5
1,178.8
773.8
990.5
1,342.6
1,455.9
1,602.8
1,635.7

Capital
expenditures 3

967.9
845.3
782.5
798.2
878.4
986.8
1,142.0
1,182.8
1,189.8
878.8
1,214.0
1,193.1
1,188.6
1,163.6
929.4
821.7
809.8
954.0
1,004.2

Increase
in financial assets

1,198.6
170.2
134.5
82.8
775.6
942.6
697.3
1,069.2
16.5
469.2
182.4
283.4
¥9.8
¥389.8
61.1
520.9
646.1
648.8
631.5

Discrepancy
(sources
less
uses)

¥194.3
¥152.6
¥9.3
¥27.7
¥101.0
122.8
88.9
134.5
528.7
172.8
206.5
155.9
781.9
970.6
554.4
75.7
¥4.9
65.8
41.6

3 Nonresidential fixed investment plus residential fixed investment, inventory change with inventory valuation adjustment, and nonproduced nonfinancial assets.

Source: Board of Governors of the Federal Reserve System.

CONSUMER CREDIT
[Billions of dollars; seasonally adjusted]

Consumer credit outstanding (end of period)
Period
Total

Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
Dec ...............................................................................
June .............................................................................
July ..............................................................................
Aug ..............................................................................
Sept ..............................................................................
Oct ...............................................................................
Nov ...............................................................................
Dec ...............................................................................
2010: Jan ...............................................................................
Feb ...............................................................................
Mar ..............................................................................
Apr ...............................................................................
May ..............................................................................
June p ............................................................................
jlentini on DSKJ8SOYB1PROD with ECOIND

2000:
2001:
2002:
2003:
2004:
2005:
2006:
2007:
2008:
2009:
2009:

Revolving

1,716.5
1,866.2
1,970.8
2,076.6
2,192.1
2,291.7
2,385.7
2,522.8
2,561.1
2,448.8
2,506.1
2,497.8
2,495.3
2,486.9
2,479.7
2,456.3
2,448.8
2,452.4
2,444.3
2,438.1
2,425.1
2,419.8
2,418.5

1 Change based on data in billions of dollars as shown here. For year-end data, change from
preceding year-end; for monthly data, change from preceding month.
2 Includes automobile loans and all other loans not included in revolving credit, such as loans
for mobile homes, education, boats, trailers, or vacations. These loans may be secured or unsecured.

683.5
715.2
750.9
768.2
799.8
830.5
872.2
942.9
958.1
866.0
912.6
911.9
903.8
895.9
889.2
875.5
866.0
859.1
850.1
846.5
838.1
831.0
826.5

Nonrevolving 2

1,033.0
1,151.0
1,219.9
1,308.4
1,392.3
1,461.2
1,513.5
1,579.9
1,602.9
1,582.8
1,593.5
1,585.9
1,591.5
1,591.0
1,590.5
1,580.8
1,582.8
1,593.3
1,594.2
1,591.6
1,587.0
1,588.8
1,592.0

Net change in consumer credit outstanding 1
Total

185.4
149.7
104.6
105.8
115.5
99.6
94.0
137.1
38.3
¥112.3
¥8.5
¥8.3
¥2.5
¥8.4
¥7.2
¥23.4
¥7.5
3.6
¥8.1
¥6.2
¥13.0
¥5.3
¥1.3

Revolving

72.8
31.7
35.7
17.3
31.6
30.7
41.7
70.7
15.2
¥92.1
¥4.8
¥.7
¥8.1
¥7.9
¥6.7
¥13.7
¥9.5
¥6.9
¥9.0
¥3.6
¥8.4
¥7.1
¥4.5

Nonrevolving 2

112.6
118.0
68.9
88.5
83.9
68.9
52.3
66.4
23.0
¥20.1
¥3.6
¥7.6
5.6
¥.5
¥.5
¥9.7
2.0
10.5
.9
¥2.6
¥4.6
1.8
3.2

NOTE.—Effective October 7, 2003 data beginning 1977 include student loans extended by
the Federal Government and by SLM Holding Corporation.
Source: Board of Governors of the Federal Reserve System.

29
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ECOIND

INTEREST RATES AND BOND YIELDS
Overall, interest rates fell in August.

[Percent per annum]

Constant

jlentini on DSKJ8SOYB1PROD with ECOIND

Period

3-month
bills (at
auction) 1

2000 .......................
2001 .......................
2002 .......................
2003 .......................
2004 .......................
2005 .......................
2006 .......................
2007 .......................
2008 .......................
2009 .......................
2009: Aug .............
Sept ............
Oct ..............
Nov .............
Dec .............
2010: Jan ..............
Feb ..............
Mar .............
Apr .............
May ............
June ...........
July ............
Aug .............
Week ended:
2010: Aug 7 ........
14 ........
21 ........
28 ........
Sept 4 .......

3-year

maturities 2

10-year

30-year

Highgrade
municipal
bonds
(Standard
&
Poor’s) 3

Corporate
Aaa
bonds
(Moody’s)

6.22
4.09
3.10
2.10
2.78
3.93
4.77
4.35
2.24
1.43
1.65
1.48
1.46
1.32
1.38
1.49
1.40
1.51
1.64
1.32
1.17
.98
.78

6.03
5.02
4.61
4.01
4.27
4.29
4.80
4.63
3.66
3.26
3.59
3.40
3.39
3.40
3.59
3.73
3.69
3.73
3.85
3.42
3.20
3.01
2.70

5.94
5.49
*
*
*
*
4.91
4.84
4.28
4.08
4.37
4.19
4.19
4.31
4.49
4.60
4.62
4.64
4.69
4.29
4.13
3.99
3.80

5.77
5.19
5.05
4.73
4.63
4.29
4.42
4.42
4.80
4.64
4.58
4.13
4.20
4.35
4.16
4.22
4.23
4.22
4.24
4.15
4.18
4.11
3.91

7.62
7.08
6.49
5.67
5.63
5.24
5.59
5.56
5.63
5.31
5.26
5.13
5.15
5.19
5.26
5.26
5.35
5.27
5.29
4.96
4.88
4.72
4.49

..............
..............
..............
2.12
2.34
4.19
5.96
5.86
2.39
.50
.50
.50
.50
.50
.50
.50
.50
.50
.50
.50
.50
.50
.50

.16
.15
.16
.16
.15

.82
.80
.77
.77
.76

2.94
2.76
2.61
2.56
2.59

4.04
3.95
3.71
3.61
3.66

4.07
3.96
3.87
3.74
3.74

4.73
4.60
4.40
4.31
4.36

.50
.50
.50
.50
.50

30
21:22 Sep 07, 2010

Primary
credit

5.85
3.44
1.62
1.01
1.38
3.16
4.73
4.41
1.48
.16
.18
.13
.08
.05
.07
.06
.10
.15
.15
.16
.12
.16
.15

1 High bill rate at auction, issue date within period, bank-discount basis. Data are stop yields
from uniform-price auctions.
2 Yields on actively traded issues adjusted to constant maturities.
3 Weekly data are Wednesday figures.
4 Discount window borrowing for primary credit and discount rate (adjustment credit). The
rate for primary credit replaced the rate for adjustment credit.
5 Average effective rate for year; rate in effect at end of month or week.

VerDate Mar 15 2010

Discount window
(N.Y. F.R. Bank) 4 5

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Discount
rate

Prime rate
charged by
banks 5

5.73
3.40
1.17

Federal
funds
rate 6

Newhome
mortgage
yields
(FHFA) 7

*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*

9.23
6.91
4.67
4.12
4.34
6.19
7.96
8.05
5.09
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25

6.24
3.88
1.67
1.13
1.35
3.22
4.97
5.02
1.92
.16
.16
.15
.12
.12
.12
.11
.13
.16
.20
.20
.18
.18
.19

7.52
7.00
6.43
5.80
5.77
5.94
6.63
6.41
6.05
5.14
5.32
5.26
5.14
5.08
5.01
5.04
5.08
5.09
5.21
5.12
5.00
4.87
..............

*
*
*
*
*

3.25
3.25
3.25
3.25
3.25

.19
.18
.19
.19
.19

..............
..............
..............
..............
..............

6 Daily

effective rate; weighted average of rates on brokered trades.
7 Effective rate (in the primary market) on conventional mortgages, reflecting fees and
charges as well as contract rate and assumed, on the average, repayment at end of 10 years.
* Discount rate (adjustment credit) series was discontinued after January 8, 2003. Series for
30-year constant maturity was discontinued on February 18, 2002, and reintroduced on February 9, 2006.
Sources: Department of the Treasury, Board of Governors of the Federal Reserve System,
Federal Housing Finance Agency, Moody’s Investors Service, and Standard & Poor’s.

Sfmt 3401

E:\HR\OC\ECOIND.030

ECOIND

g:\graphics\eecoind.030

U.S. Treasury security yields

COMMON STOCK PRICES AND YIELDS
Overall, stock prices rose in August.

Common stock prices 1
New York Stock Exchange indexes 2 3
(December 31, 2002=5,000)

Nasdaq composite index
(Feb. 5,
1971=100) 6

Dividendprice ratio

Earningsprice ratio

Composite

Financial

Energy

Health
Care

.........................................................
.........................................................
.........................................................
.........................................................
.........................................................
.........................................................
.........................................................
.........................................................
.........................................................
.........................................................

6,805.89
6,397.85
5,578.89
5,447.46
6,612.62
7,349.00
8,357.99
9,648.82
8,036.88
6,091.02

................
................
................
5,583.00
6,822.18
7,383.70
8,654.40
9,321.39
6,278.38
3,987.04

..................
..................
..................
5,273.90
6,952.36
9,377.84
11,206.94
13,339.99
13,258.42
10,020.30

................
................
................
5,288.67
5,924.80
6,283.96
6,685.06
7,191.79
6,171.19
5,546.63

10,734.90
10,189.13
9,226.43
8,993.59
10,317.39
10,547.67
11,408.67
13,169.98
11,252.62
8,876.15

1,427.22
1,194.18
993.94
965.23
1,130.65
1,207.23
1,310.46
1,477.19
1,220.04
948.05

3,783.67
2,035.00
1,539.73
1,647.17
1,986.53
2,099.32
2,263.41
2,578.47
2,161.65
1,845.38

1.15
1.32
1.61
1.77
1.72
1.83
1.87
1.86
2.37
2.40

3.63
2.95
2.92
3.84
4.89
5.36
5.78
5.29
3.54
1.86

2009: Aug ..............................................
Sept .............................................
Oct ...............................................
Nov ..............................................
Dec ..............................................

6,577.18
6,839.88
6,986.35
7,079.38
7,167.51

4,646.60
4,844.93
4,918.07
4,848.04
4,734.07

10,295.91
10,791.73
11,342.57
11,486.95
11,335.23

5,706.96
5,838.22
5,931.28
6,155.21
6,430.25

9,375.06
9,634.97
9,857.34
10,227.55
10,433.44

1,009.72
1,044.55
1,067.66
1,088.07
1,110.38

1,997.16
2,084.75
2,122.85
2,143.53
2,220.60

2.12
2.06
2.02
1.99
1.95

..................
1.19
..................
..................
4.57

2010: Jan ...............................................
Feb ..............................................
Mar ..............................................
Apr ..............................................
May .............................................
June ............................................
July .............................................
Aug ..............................................

7,257.37
6,958.36
7,349.86
7,607.49
7,010.08
6,767.75
6,814.61
6,922.30

4,795.75
4,567.29
4,942.17
5,187.03
4,689.81
4,484.05
4,553.76
4,588.87

11,548.08
10,840.96
11,194.52
11,690.25
10,491.24
9,960.54
10,007.16
10,186.03

6,523.83
6,320.43
6,453.81
6,391.99
5,929.68
5,838.56
5,867.77
5,939.69

10,471.24
10,214.51
10,677.52
11,052.15
10,500.19
10,159.27
10,222.24
10,350.40

1,123.58
1,089.16
1,152.05
1,197.32
1,125.06
1,083.36
1,079.80
1,087.28

2,267.77
2,194.44
2,362.24
2,475.72
2,319.24
2,235.23
2,210.27
2,205.28

1.92
2.00
1.90
1.84
1.98
2.09
2.10
2.10

..................
..................
5.21
..................
..................
p 6.52
..................
..................

Week ended:
2010: Aug 7 .......................................
14 .........................................
21 .........................................
28 .........................................
Sept 4 .........................................

7,166.40
6,994.75
6,892.61
6,724.46
6,866.34

4,825.63
4,651.72
4,542.40
4,412.36
4,528.26

10,667.02
10,360.08
10,101.94
9,787.34
10,028.34

6,001.94
5,999.94
5,949.60
5,853.46
5,923.63

10,663.95
10,468.99
10,321.65
10,082.28
10,212.39

1,124.20
1,100.24
1,082.68
1,057.27
1,074.63

2,292.80
2,231.05
2,193.14
2,139.45
2,168.92

2.03
2.10
2.09
2.17
2.12

..................
..................
..................
..................
..................

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

jlentini on DSKJ8SOYB1PROD with ECOIND

Dow Jones
industrial
average 4

1 Average

of daily closing prices.
all the stocks (in 2009, over 3,800) listed on the NYSE.
January 9, 2003, the NYSE relaunched the composite index with changes in
methodology, definitions, and based on Dec. 31, 2002=5,000. Effective January 8, 2004 new
indexes for Financial, Energy, and Health Care were introduced by the NYSE. Previous indexes
shown for Industrial, Transportation, Utility, and Finance were discontinued.
4 Includes 30 stocks.
2 Includes

3 Effective

5 Includes

500 stocks.
over 2,700 stocks, in 2009.
& Poor’s series. Dividend-price ratios based on Wednesday closing prices. Earnings-price ratios based on prices at end of quarter.
6 Includes

7 Standard

Sources: New York Stock Exchange, Dow Jones & Company, Inc., Standard & Poor’s, and
Nasdaq Stock Market.

31
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21:22 Sep 07, 2010

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ECOIND

g:\graphics\eecoind.031

Period

Common stock yields
(percent) 7
Standard &
Poor’s composite index
(1941–
43=10) 5

FEDERAL FINANCE
FEDERAL RECEIPTS, OUTLAYS, AND DEBT
In the tenth month of fiscal 2010, there was a deficit of $1,169.1 billion, compared with a deficit of $1,267.0
billion a year earlier.

[Billions of dollars]

Fiscal year or period

................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.................................
................................
................................
................................
................................

1,091.2
1,154.3
1,258.6
1,351.8
1,453.1
1,579.2
1,721.7
1,827.5
2,025.2
1,991.1
1,853.1
1,782.3
1,880.1
2,153.6
2,406.9
2,568.0
2,524.0
2,105.0

1,381.5 ¥290.3
1,409.4 ¥255.1
1,461.8 ¥203.2
1,515.8 ¥164.0
1,560.5 ¥107.4
1,601.1
¥21.9
1,652.5
69.3
1,701.8
125.6
1,789.0
236.2
1,862.9
128.2
2,010.9 ¥157.8
2,159.9 ¥377.6
2,292.9 ¥412.7
2,472.0 ¥318.3
2,655.1 ¥248.2
2,728.7 ¥160.7
2,982.6 ¥458.6
3,517.7 ¥1,412.7

788.8
842.4
923.6
1,000.7
1,085.6
1,187.3
1,305.9
1,383.0
1,544.6
1,483.6
1,337.8
1,258.5
1,345.4
1,576.1
1,798.5
1,932.9
1,866.0
1,451.0

1,129.2 ¥340.4
1,142.8 ¥300.4
1,182.4 ¥258.8
1,227.1 ¥226.4
1,259.6 ¥174.0
1,290.5 ¥103.2
1,335.9
¥29.9
1,381.1
1.9
1,458.2
86.4
1,516.1
¥32.4
1,655.2 ¥317.4
1,796.9 ¥538.4
1,913.3 ¥568.0
2,069.8 ¥493.6
2,233.0 ¥434.5
2,275.1 ¥342.2
2,507.8 ¥641.9
3,000.7 ¥1,549.7

302.4
311.9
335.0
351.1
367.5
392.0
415.8
444.5
480.6
507.5
515.3
523.8
534.7
577.5
608.4
635.1
658.0
654.0

252.3
266.6
279.4
288.7
300.9
310.6
316.6
320.8
330.8
346.8
355.7
363.0
379.5
402.2
422.1
453.6
474.8
517.0

50.1
45.3
55.7
62.4
66.6
81.4
99.2
123.7
149.8
160.7
159.7
160.8
155.2
175.3
186.3
181.5
183.3
137.0

2010 (estimates) .............
2011 (estimates) .............
Cumulative total, first 10
months: 1
Fiscal year 2009 ..........
Fiscal year 2010 ..........

2,131.7
2,425.7

3,603.0 ¥1,471.3
3,841.9 ¥1,416.2

1,500.5
1,763.8

3,045.5 ¥1,545.1
3,259.2 ¥1,495.4

631.2
661.9

557.4
582.7

73.8
79.2

1,739.9
1,752.5

3,006.9 ¥1,267.0
2,921.6 ¥1,169.1

1,187.5
1,221.0

2,602.4 ¥1,414.9
2,487.4 ¥1,266.4

552.4
531.6

404.5
434.2

147.9
97.4

from current issue Monthly Treasury Statement.

Outlays

Receipts

Outlays

Federal debt (end of
period)
Surplus
or
deficit
(¥)

Outlays

1 Data

Receipts

Off-budget
Surplus
or
deficit
(¥)

Receipts

1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

jlentini on DSKJ8SOYB1PROD with ECOIND

On-budget
Surplus
or
deficit
(¥)

21:22 Sep 07, 2010

Jkt 058106

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4,001.8
4,351.0
4,643.3
4,920.6
5,181.5
5,369.2
5,478.2
5,605.5
5,628.7
5,769.9
6,198.4
6,760.0
7,354.7
7,905.3
8,451.4
8,950.7
9,986.1
11,875.9

Held by
the public

2,999.7
3,248.4
3,433.1
3,604.4
3,734.1
3,772.3
3,721.1
3,632.4
3,409.8
3,319.6
3,540.4
3,913.4
4,295.5
4,592.2
4,829.0
5,035.1
5,803.1
7,544.7

13,778.5 9,199.5
15,265.2 10,549.5

11,632.2
13,202.6

7,326.2
8,697.4

NOTE.—Data for fiscal year 2009 through fiscal year 2011 are from Mid-Session Review,
Budget of the U.S. Government, Fiscal Year 2011, issued July 23, 2010. Other data (except
as noted) are from Budget of the United States Government, Fiscal Year 2011, issued February
1, 2010.
Sources: Department of the Treasury and Office of Management and Budget.

32
VerDate Mar 15 2010

Gross Federal

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E:\HR\OC\ECOIND.032

ECOIND

g:\graphics\eecoind.032

Total

FEDERAL RECEIPTS BY SOURCE AND
OUTLAYS BY FUNCTION
In the tenth month of fiscal 2010, receipts were $12.6 billion higher than a year earlier and outlays were $85.3
billion lower.

[Billions of dollars]
On-budget and off-budget receipts

jlentini on DSKJ8SOYB1PROD with ECOIND

Total

Individual
income
taxes

Corporation
income
taxes

On-budget and off-budget outlays
National defense
Other

Department of
Defense,
military

Total
Total

International
affairs

Health

Medicare

Income Social
security security

Net
interest

Other

1992
1993
1994
1995
1996
1997
1998
1999

............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................

1,091.2
1,154.3
1,258.6
1,351.8
1,453.1
1,579.2
1,721.7
1,827.5

476.0
509.7
543.1
590.2
656.4
737.5
828.6
879.5

100.3
117.5
140.4
157.0
171.8
182.3
188.7
184.7

413.7
428.3
461.5
484.5
509.4
539.4
571.8
611.8

101.3
98.8
113.7
120.1
115.4
120.1
132.6
151.5

1,381.5
1,409.4
1,461.8
1,515.8
1,560.5
1,601.1
1,652.5
1,701.8

298.3
291.1
281.6
272.1
265.7
270.5
268.2
274.8

286.8
278.5
268.6
259.4
253.1
258.3
255.8
261.2

16.1
17.2
17.1
16.4
13.5
15.2
13.1
15.2

89.5
99.4
107.1
115.4
119.4
123.8
131.4
141.0

119.0
130.6
144.7
159.9
174.2
190.0
192.8
190.4

199.6
210.0
217.2
223.8
229.7
235.0
237.8
242.5

287.6
304.6
319.6
335.8
349.7
365.3
379.2
390.0

199.3
198.7
202.9
232.1
241.1
244.0
241.1
229.8

172.1
157.9
171.5
160.2
167.2
157.3
188.9
218.1

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................

2,025.2
1,991.1
1,853.1
1,782.3
1,880.1
2,153.6
2,406.9
2,568.0
2,524.0
2,105.0

1,004.5
994.3
858.3
793.7
809.0
927.2
1,043.9
1,163.5
1,145.7
915.3

207.3
151.1
148.0
131.8
189.4
278.3
353.9
370.2
304.3
138.2

652.9
694.0
700.8
713.0
733.4
794.1
837.8
869.6
900.2
890.9

160.6
151.8
146.0
143.9
148.4
154.0
171.2
164.7
173.8
160.5

1,789.0
1,862.9
2,010.9
2,159.9
2,292.9
2,472.0
2,655.1
2,728.7
2,982.6
3,517.7

294.4
304.7
348.5
404.7
455.8
495.3
521.8
551.3
616.1
661.0

281.0
290.2
331.8
387.1
436.4
474.1
499.3
528.5
594.6
636.7

17.2
16.5
22.3
21.2
26.9
34.6
29.5
28.5
28.9
37.5

154.5
172.2
196.5
219.5
240.1
250.5
252.7
266.4
280.6
334.3

197.1
217.4
230.9
249.4
269.4
298.6
329.9
375.4
390.8
430.1

253.7
269.8
312.7
334.6
333.1
345.8
352.5
366.0
431.3
533.2

409.4
433.0
456.0
474.7
495.5
523.3
548.5
586.2
617.0
683.0

222.9
206.2
170.9
153.1
160.2
184.0
226.6
237.1
252.8
186.9

239.7
243.2
273.1
302.6
311.8
339.8
393.5
317.9
365.2
651.6

2010 (estimates) .........................
2011 (estimates) .........................

2,131.7 884.8
2,425.7 1,031.9

180.2
280.4

864.8
916.4

201.9 3,603.0
197.0 3,841.9

714.0
752.2

686.8
723.7

48.8
55.3

370.7
394.8

456.5
494.7

649.5
581.5

720.5
735.8

184.5
220.9

458.4
606.8

Cumulative total, first 10
months: 2
Fiscal year 2009 ......................
Fiscal year 2010 ......................

1,739.9
1,752.5

104.5
139.7

754.1
726.6

131.0 3,006.9
166.8 2,921.6

552.2
581.0

530.8
557.0

30.8
36.5

278.0
306.4

371.5
388.5

449.5
537.3

568.5
588.1

167.7
185.2

588.8
298.6

750.4
719.5

1 Data from current issue Monthly Treasury Statement. Data for Department of Defense,
military, include a small amount that is classified and listed under international affairs, and
not included in national defense.

NOTE.—Data for fiscal year 2009 through fiscal year 2011 are from Mid-Session Review,
Budget of the U.S. Government, Fiscal Year 2011, issued July 23, 2010. Other data (except
as noted) are from Budget of the United States Government, Fiscal Year 2011, issued February
1, 2010.

33
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Fiscal year or period

Social
insurance
and
retirement
receipts

FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS
In the second quarter of 2010, according to current estimates, Federal current receipts rose $55.5 billion (annual
rate), while Federal current expenditures rose $66.5 billion.

[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Federal Government current receipts

Total
Total 1

Calendar year:
2000 .................
2001 ................
2002 ................
2003 ................
2004 ................
2005 ................
2006 ................
2007 ................
2008 ................
2009 ................
2007: I ...............
II .............
III ............
IV ............
2008: I ...............
II .............
III ............
IV ............
2009: I ...............
II .............
III ............
IV ............
2010: I r ..............
II r ............
1 Includes

jlentini on DSKJ8SOYB1PROD with ECOIND

2 Includes

2,057.1
2,020.3
1,859.3
1,885.1
2,013.9
2,290.1
2,524.5
2,654.7
2,503.1
2,205.8
2,642.8
2,658.5
2,651.5
2,666.1
2,640.7
2,412.6
2,506.1
2,452.9
2,223.9
2,191.2
2,176.3
2,231.7
2,322.8
2,378.3

1,309.6
1,249.4
1,073.5
1,070.2
1,153.8
1,383.7
1,558.3
1,637.6
1,447.8
1,142.4
1,637.2
1,648.6
1,632.6
1,632.0
1,588.1
1,359.8
1,452.7
1,390.5
1,169.1
1,113.0
1,121.3
1,166.2
1,253.6
1,301.4

Personal
current
taxes
995.6
991.8
828.6
774.2
799.2
931.9
1,049.9
1,165.6
1,102.8
852.7
1,136.5
1,155.1
1,174.2
1,196.4
1,198.7
984.3
1,109.0
1,119.1
912.8
847.7
827.0
823.4
843.2
856.6

Taxes
on
production and
imports
87.3
85.3
86.8
89.3
94.3
98.8
99.4
94.5
96.0
94.4
94.1
94.5
95.2
94.2
96.2
97.9
96.2
93.6
87.2
96.4
97.0
97.1
100.6
106.6

Taxes
on
corporate
income
219.4
164.7
150.5
197.8
250.3
341.0
395.0
362.8
232.2
182.1
392.8
384.0
349.1
325.4
278.0
262.0
231.2
157.4
154.9
155.7
184.4
233.2
297.1
325.6

698.6
723.3
739.3
762.8
807.6
852.6
904.6
945.3
972.4
953.5
938.4
940.1
944.9
957.8
974.2
973.1
974.4
967.8
948.0
954.9
953.5
957.4
970.6
978.1

Federal Government current expenditures

Income
receipts
on
assets

Current
transfer
receipts

Current
surplus
of government
enterprises

24.5
24.5
20.3
22.8
23.2
23.7
26.1
29.8
31.7
46.2
28.2
29.0
30.3
31.5
31.4
33.1
32.1
30.1
40.4
48.6
46.0
50.0
41.8
43.9

25.7
27.0
26.1
25.6
29.0
33.6
38.3
44.8
55.0
67.9
43.5
43.6
44.5
47.6
50.2
50.4
50.3
68.9
71.3
79.4
58.9
61.8
60.2
59.1

¥1.2
¥4.0
.2
3.7
.3
¥3.5
¥2.9
¥2.7
¥3.7
¥4.2
¥4.5
¥2.8
¥.8
¥2.8
¥3.1
¥3.8
¥3.4
¥4.5
¥4.9
¥4.8
¥3.5
¥3.6
¥3.4
¥4.2

taxes from the rest of the world, not shown separately.
a subtraction for wage accruals less disbursements, not shown separately.

Total 2

1,871.9
1,979.8
2,112.1
2,261.5
2,393.4
2,573.1
2,728.3
2,900.0
3,119.3
3,457.5
2,844.4
2,896.0
2,916.6
2,942.8
3,017.4
3,174.1
3,152.8
3,132.9
3,227.1
3,527.9
3,532.9
3,542.0
3,637.1
3,703.6

Consumption
expenditures

Current
transfer
payments

496.0
530.2
590.5
660.3
721.4
765.8
811.0
848.9
934.6
987.1
822.8
840.4
862.0
870.4
901.9
920.1
954.2
962.3
958.1
989.0
999.7
1,001.8
1,017.3
1,038.3

1,047.4
1,140.0
1,252.1
1,339.4
1,405.0
1,491.3
1,587.1
1,690.4
1,843.7
2,157.4
1,676.8
1,673.1
1,691.5
1,720.4
1,763.3
1,899.7
1,831.7
1,880.2
2,009.8
2,211.8
2,191.5
2,216.7
2,292.3
2,314.0

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283.3
258.6
229.1
212.9
221.0
255.4
279.2
313.2
291.2
254.0
296.8
335.0
316.2
304.7
304.5
305.6
316.6
238.0
204.4
271.3
273.8
266.4
271.6
294.9

Subsidies

45.3
51.1
40.5
49.0
46.0
60.5
51.0
47.4
49.8
58.9
48.1
47.5
46.9
47.2
47.7
48.8
50.3
52.4
54.8
56.0
67.9
57.2
55.8
56.3

Net
Federal
Government
saving

185.2
40.5
¥252.8
¥376.4
¥379.5
¥283.0
¥203.8
¥245.2
¥616.2
¥1,251.7
¥201.6
¥237.4
¥265.2
¥276.7
¥376.7
¥761.6
¥646.7
¥680.0
¥1,003.2
¥1,336.8
¥1,356.7
¥1,310.3
¥1,314.2
¥1,325.3

Source: Department of Commerce, Bureau of Economic Analysis.

34
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payments

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Current tax receipts
Period

Contributions
for
government
social
insurance

INTERNATIONAL STATISTICS
INDUSTRIAL PRODUCTION AND CONSUMER PRICES—MAJOR
INDUSTRIAL COUNTRIES
Industrial production (2007=100; seasonally adjusted)
Period

2000 r
2001 r
2002 r
2003 r
2004 r
2005 r
2006 r
2007 r
2008 r
2009 r

United
States

Canada

Japan

France

Germany

Consumer prices (1982–84=100; NSA)
United
Kingdom

Italy

United
States 1

Canada

Japan

France

Germany

Italy

United
Kingdom

.............................
.............................
.............................
.............................
.............................
.............................
.............................
.............................
.............................
.............................

92.0
88.9
89.1
90.2
92.3
95.3
97.4
100.0
96.7
87.7

100.0
96.0
97.5
97.6
99.2
101.1
100.3
100.0
94.7
84.0

92.2
86.2
85.1
87.6
91.8
93.2
97.1
100.0
96.6
75.5

98.1
99.0
97.2
96.1
97.3
97.5
98.8
100.0
97.2
85.5

83.9
84.1
83.2
83.7
86.2
89.2
94.3
100.0
100.0
83.6

98.6
97.5
96.0
95.4
95.2
94.7
98.1
100.0
96.2
78.7

104.0
102.4
100.7
100.1
101.2
99.9
99.9
100.0
96.9
87.0

172.2
177.1
179.9
184.0
188.9
195.3
201.6
207.342
215.303
214.537

164.9
169.1
172.9
177.7
181.0
185.0
188.7
192.7
197.3
197.9

121.0
120.0
119.0
118.7
118.7
118.3
118.6
118.7
120.3
118.7

157.8
160.3
163.4
166.9
170.4
173.4
176.3
178.9
184.0
184.1

142.5
145.3
147.4
148.9
151.4
153.7
156.2
159.7
163.9
164.5

231.3
237.8
243.6
250.1
255.7
260.7
266.2
271.1
280.1
282.3

200.0
203.7
207.0
213.0
219.3
225.6
232.8
242.7
252.4
251.1

2009: June r .................
July r ..................
Aug r ...................
Sept r ..................
Oct r ....................
Nov r ...................
Dec r ...................

85.5
86.7
87.8
88.4
88.6
89.1
89.6

81.9
82.1
82.2
83.5
83.9
84.6
85.6

75.4
76.3
77.4
78.8
80.0
82.0
84.2

84.5
85.6
87.4
86.6
86.5
87.5
87.1

83.4
83.0
84.4
86.6
85.6
86.4
85.8

77.3
79.6
78.5
79.0
79.7
80.2
79.5

87.4
87.1
85.7
86.4
86.4
86.9
87.0

215.693
215.351
215.834
215.969
216.177
216.330
215.949

199.0
198.3
198.3
198.3
198.1
199.2
198.5

118.8
118.4
118.8
118.8
118.3
118.1
117.8

184.5
183.7
184.7
184.2
184.4
184.6
185.1

164.7
164.7
165.0
164.3
164.5
164.3
165.7

282.6
282.6
283.4
282.8
283.0
283.0
283.6

250.7
250.7
251.9
253.0
253.8
254.5
256.1

2010: Jan r ...................
90.5
86.7
87.8
88.7
87.4
81.0
86.7
216.687
199.0 117.6 184.7
Feb r ...................
90.5
87.6
87.2
88.8
87.2
81.1
87.4
216.741
199.9 117.5 185.7
Mar r ...................
91.0
88.8
88.3
89.6
89.4
81.3
88.9
217.631
199.9 117.8 186.6
Apr r ...................
91.3
88.8
89.4
89.2
90.4
82.2
88.3
218.009
200.6 117.8 187.1
May r ..................
92.5
89.1
89.5
90.9
93.3
83.0
88.9
218.178
201.1 118.0 187.3
June p .................
92.5
90.0
88.5
89.3
92.9
83.5
88.5
217.965
200.9 118.0 187.3
July p ..................
93.4 ..............
88.7 .............. .............. .............. ..............
218.011
202.0 117.4 186.8
Aug p ................... .............. .............. ............ .............. .............. .............. .............. .................. .............. ............ ............

164.7
165.3
166.0
165.9
166.0
166.2
166.7
166.7

284.0
256.0
284.2
257.5
285.1
259.3
286.1
261.8
286.3
262.7
286.3
263.3
287.3
262.7
287.9 ..............

1 Data

relate to all urban consumers.

NOTE.—See Note, p. 17, for information on U.S. industrial production series.
Sources: As reported by each country, Department of Labor (Bureau of Labor Statistics),
and Board of Governors of the Federal Reserve System.

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
[Billions of dollars; monthly data seasonally adjusted]
Goods: Exports (f.a.s. value)

Goods: Imports (customs value)

Census basis (by end-use category)

Services
(BOP basis)

Balance of trade
(exports minus imports)

Census basis (by end-use category)
BOP basis

Period

jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2009:

BOP
basis

Total,
Census
basis 1

Auto- ConIndusmo- sumer
Foods, trial Capital tive goods
feeds,
supgoods vehi- (nonand
plies except cles, food)
bevand
auto- parts except
erages mate- motive and
autorials
enmogines
tive

.............
.............
.............
.............
.............
.............
.............
.............
.............
.............
June ..
July ...
Aug ...
Sept ...
Oct ....
Nov ...
Dec ....

784.2
730.3
696.3
728.3
819.9
909.0
1,035.9
1,160.4
1,304.9
1,068.5
86.6
88.2
88.6
92.0
95.2
95.7
99.6

781.9
729.1
693.1
724.8
814.9
901.1
1,026.0
1,148.2
1,287.4
1,056.0
85.5
87.5
87.6
91.0
94.3
94.3
98.3

47.9
49.4
49.6
55.0
56.6
59.0
66.0
84.3
108.3
93.9
8.0
7.7
7.7
7.4
7.9
8.9
9.0

172.6
160.1
156.8
173.0
203.9
233.0
276.0
316.4
388.0
296.7
24.5
24.7
25.8
27.0
27.4
27.0
28.3

2010: Jan ....
Feb ....
Mar ...
Apr ....
May r ..
June p

100.4
100.1
105.2
104.2
107.3
105.0

99.4
99.2
104.4
103.2
106.1
103.9

8.9
8.5
8.5
7.9
7.9
7.5

29.1
29.6
31.7
32.3
32.9
31.8

356.9 80.4
321.7 75.4
290.4 78.9
293.7 80.6
327.5 89.2
358.4 98.4
404.0 107.3
433.0 121.3
457.7 121.5
390.5 81.7
31.6
5.8
32.1
6.9
31.0
7.4
32.7
7.6
33.5
7.9
33.5
8.3
35.1
8.8
34.9
35.0
36.0
36.0
38.0
36.6

9.0
9.0
9.1
9.3
9.4
9.6

BOP
basis

Total,
Census
basis 1

Auto- ConIndusmo- sumer
Foods, trial Capital tive goods
feeds,
supgoods vehi- (nonand
plies except cles, food)
bevand
auto- parts except
erages mate- motive and autorials
enmogines tive

Exports

Imports

Goods,
Census
basis

Goods

Services

Goods
and
services

89.4
88.3
84.4
89.9
103.2
115.3
129.1
146.0
161.3
150.0
12.2
12.5
12.3
12.7
13.6
12.9
13.2

1,230.4
1,152.3
1,171.6
1,269.8
1,485.5
1,692.8
1,875.3
1,983.6
2,139.5
1,575.4
124.8
132.0
130.7
138.3
139.2
142.8
148.7

1,218.0
1,141.0
1,161.4
1,257.1
1,469.7
1,673.5
1,853.9
1,957.0
2,103.6
1,559.6
123.7
130.8
129.2
136.9
137.6
141.2
147.2

46.0
46.6
49.7
55.8
62.1
68.1
74.9
81.7
89.0
81.6
6.8
6.8
6.7
6.7
6.8
6.7
6.9

299.0
273.9
267.7
313.8
412.8
523.8
602.0
634.7
779.5
462.5
37.1
38.8
37.6
42.7
41.0
43.4
47.4

347.0
298.0
283.3
295.9
343.6
379.3
418.3
444.5
453.7
369.3
29.3
30.5
30.3
31.1
32.0
32.6
33.7

195.9
189.8
203.7
210.1
228.2
239.4
256.6
256.7
231.2
157.6
11.4
13.8
14.6
15.7
16.0
16.1
17.0

281.8
284.3
307.8
333.9
372.9
407.2
442.6
474.6
481.6
428.4
34.1
35.6
35.2
35.5
36.7
37.5
37.0

286.4
274.6
281.2
291.6
338.7
372.2
416.9
488.3
534.1
502.3
41.3
41.4
41.7
42.2
42.9
43.3
43.7

219.0
217.0
226.4
244.3
282.4
302.5
336.7
367.2
398.3
370.3
30.2
30.7
30.7
31.1
31.2
31.5
31.8

¥436.1
¥411.9
¥468.3
¥532.4
¥654.8
¥772.4
¥828.0
¥808.8
¥816.2
¥503.6
¥38.1
¥43.3
¥41.5
¥45.9
¥43.2
¥46.9
¥48.9

¥446.2
¥422.0
¥475.3
¥541.5
¥665.6
¥783.8
¥839.5
¥823.2
¥834.7
¥506.9
¥38.2
¥43.7
¥42.1
¥46.3
¥44.0
¥47.1
¥49.1

67.5
57.6
54.8
47.4
56.3
69.6
80.2
121.1
135.9
132.0
11.1
10.7
11.0
11.1
11.7
11.8
12.0

¥378.8
¥364.4
¥420.5
¥494.2
¥609.3
¥714.2
¥759.2
¥702.1
¥698.8
¥374.9
¥27.1
¥33.1
¥31.1
¥35.2
¥32.3
¥35.3
¥37.1

13.6
13.2
13.9
13.2
13.5
13.6

147.6
151.8
157.5
156.8
161.6
167.0

145.8
150.0
155.6
155.0
159.8
165.1

7.3
7.2
7.5
7.5
7.7
7.7

46.7
49.3
52.1
52.2
50.1
49.9

33.5
33.9
34.4
36.0
37.9
38.3

16.8
16.0
17.6
17.3
19.5
20.8

36.5
38.3
38.9
37.4
40.0
43.1

44.1
44.2
44.7
44.5
45.1
45.5

31.9
32.6
32.4
32.3
32.8
33.3

¥46.4
¥50.8
¥51.2
¥51.9
¥53.7
¥61.2

¥47.3
¥51.7
¥52.4
¥52.5
¥54.3
¥62.0

12.2
11.5
12.3
12.2
12.4
12.1

¥35.1
¥40.1
¥40.0
¥40.3
¥42.0
¥49.9

1 Total

includes ‘‘other’’ exports or imports, not shown separately.
NOTE.—BOP refers to balance of payments on international transactions basis. BOP data
shown here are consistent with figures shown on pp. 36 and 37.

Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis).

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U.S. INTERNATIONAL TRANSACTIONS
In the first quarter of 2010, the goods deficit rose to $151.3 billion, from $140.1 billion in the fourth quarter. The
current account deficit rose to $109.0 billion in the first quarter, from $100.9 billion in the fourth quarter.

[Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)]

Period
Exports

Balance
on
goods

Net
military
transactions 2

.............
.............
.............
.............
.............
.............
.............
.............
.............
.............

784,181
730,277
696,268
728,258
819,870
909,016
1,035,868
1,160,366
1,304,896
1,068,499

¥1,230,413
¥1,152,257
¥1,171,613
¥1,269,802
¥1,485,501
¥1,692,817
¥1,875,324
¥1,983,558
¥2,139,548
¥1,575,443

¥446,233
¥421,980
¥475,345
¥541,544
¥665,631
¥783,801
¥839,456
¥823,192
¥834,652
¥506,944

2007: I ........
II .......
III .....
IV .....

275,321
284,743
294,605
305,697

¥478,632
¥490,316
¥499,104
¥515,505

¥203,311
¥205,574
¥204,498
¥209,808

¥2,310
¥3,927
¥3,371
¥1,093

2008: I ........
II .......
III .....
IV .....

323,507
342,637
345,091
293,661

¥539,107
¥565,303
¥567,388
¥467,750

¥215,600
¥222,666
¥222,297
¥174,089

2009: I ........
II .......
III .....
IV .....

255,044
254,021
268,858
290,576

¥376,241
¥367,528
¥400,977
¥430,698

2010: I p ......

305,655

¥456,949

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

jlentini on DSKJ8SOYB1PROD with ECOIND

Imports

Services
Net
travel
and
transportation

Income receipts and payments

Other
services,
net

¥6,610
2,714
¥8,398 ¥3,217
¥12,761 ¥4,334
¥17,062 ¥12,249
¥17,232 ¥15,328
¥15,512 ¥13,121
¥11,652 ¥9,743
¥10,701
4,576
¥13,375
19,103
¥13,378
14,951

Balance
on
goods
and
services

Receipts

Payments

Balance
on
income

¥378,780
¥364,393
¥420,524
¥494,183
¥609,345
¥714,176
¥759,240
¥702,099
¥698,802
¥374,908

350,918
290,797
280,942
320,456
413,739
535,263
682,221
829,602
796,528
588,203

¥329,864
¥259,075
¥253,544
¥275,147
¥346,519
¥462,905
¥634,136
¥730,049
¥644,554
¥466,783

21,054
31,722
27,398
45,309
67,219
72,358
48,085
99,553
151,974
121,419

¥58,645
¥64,487
¥64,948
¥71,794
¥88,362
¥105,772
¥91,481
¥115,548
¥122,026
¥124,943

¥416,371
¥397,158
¥458,074
¥520,668
¥630,488
¥747,590
¥802,636
¥718,094
¥668,854
¥378,432

¥929
¥522
1,859
4,166

29,414
30,860
32,876
34,069

¥177,136
¥179,163
¥173,135
¥172,665

189,657
205,286
215,918
218,741

¥178,171
¥191,394
¥185,598
¥174,884

11,486
13,891
30,321
43,858

¥32,189
¥26,449
¥28,126
¥28,786

¥197,840
¥191,720
¥170,941
¥157,593

¥3,413
¥2,656
¥3,564
¥3,741

4,531
5,603
6,257
2,710

33,006
34,277
31,983
30,857

¥181,476
¥185,444
¥187,621
¥144,262

211,856
209,443
203,373
171,855

¥169,451
¥171,083
¥157,959
¥146,061

42,405
38,360
45,414
25,794

¥32,928
¥29,747
¥30,177
¥29,176

¥171,999
¥176,830
¥172,383
¥147,644

¥121,197
¥113,507
¥132,119
¥140,121

¥4,014
¥3,101
¥2,283
¥3,980

2,537
4,064
3,849
4,501

32,235 ¥90,439
32,104 ¥80,441
31,231 ¥99,322
34,893 ¥104,707

143,356
142,281
146,584
155,982

¥118,747
¥115,995
¥111,127
¥120,914

24,609
26,286
35,457
35,068

¥29,747
¥30,292
¥33,638
¥31,268

¥95,577
¥84,447
¥97,503
¥100,907

¥151,295

¥3,339

4,994

34,384 ¥115,256

163,549 ¥121,847

41,702

¥35,454

¥109,008

from Census data for differences in timing and coverage; excludes military.
2 Transfers under U.S. military agency sales contracts (exports) minus direct defense expenditures (imports).

3 Includes

transfers of goods and services under U.S. military grant programs.
See p. 37 for continuation of table.

36
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Balance
on
current
account

71,349
69,201
71,916
76,671
88,846
98,258
101,611
127,217
130,122
130,463

1 Adjusted

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Goods 1

U.S. INTERNATIONAL TRANSACTIONS—Continued
In the financial account, U.S. claims on foreigners reported by U.S. banks increased $192.8 billion in the first quarter
of 2010, following a decrease of $56.6 billion in the fourth quarter. U.S. liabilities to private foreigners reported
by U.S. banks, excluding Treasury securities, increased $88.6 billion in the first quarter, following a decrease of
$63.9 billion in the fourth quarter.

[Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)]
Financial account

Period

Total

jlentini on DSKJ8SOYB1PROD with ECOIND

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2007:

.........
.........
.........
.........
.........
.........
.........
.........
.........
.........
I ....
II ...
III
IV ..
2008: I ....
II ...
III
IV ..
2009: I ....
II ...
III
IV ..
2010: I p ...

¥1
¥560,523
13,198
¥382,616
¥141
¥294,646
¥1,821
¥325,424
3,049 ¥1,000,870
13,116
¥546,631
¥1,788 ¥1,285,729
384 ¥1,475,719
6,010
156,077
¥140
¥140,465
0
¥493,886
443
¥557,248
¥57
¥201,395
¥2
¥223,191
¥8
¥222,848
¥18
153,977
6,043
74,829
¥7
150,119
¥20
112,726
¥29
31,734
¥36
¥276,241
¥56
¥8,685
¥1
¥300,780

U.S.
official
reserve
assets 4

¥290
¥4,911
¥3,681
1,523
2,805
14,096
2,374
¥122
¥4,848
¥52,256
¥72
26
¥54
¥22
¥276
¥1,267
¥179
¥3,126
¥982
¥3,632
¥49,021
1,379
¥773

Other U.S.
Government
assets

Statistical discrepancy

Foreign-owned assets in the U.S.,
excluding financial derivatives
[increase/financial inflow (+)]
U.S.
private
assets

¥941
¥559,292
¥486
¥377,219
345
¥291,310
537
¥327,484
1,710 ¥1,005,385
5,539
¥566,266
5,346 ¥1,293,449
¥22,273 ¥1,453,324
¥529,615
690,540
541,342
¥629,552
445
¥494,259
¥596
¥556,677
623
¥201,964
¥22,744
¥200,424
3,268
¥225,840
¥41,592
196,836
¥225,997
301,005
¥265,293
418,538
244,102
¥130,394
193,750
¥158,384
57,736
¥284,956
45,754
¥55,817
9,639
¥309,646

Total

Foreign
official
assets

1,038,224
782,870
795,161
858,303
1,533,201
1,247,347
2,065,169
2,107,655
454,722
305,736
727,267
731,720
270,817
377,851
400,171
3,740
76,357
¥25,546
¥111,916
¥28,348
342,385
103,615
332,064

4 Consists of gold, special drawing rights (SDRs), foreign currencies, and the U.S. reserve
position in the International Monetary Fund (IMF).

42,758
28,059
115,945
278,069
397,755
259,268
487,939
481,043
550,770
450,030
165,888
88,383
47,707
179,065
208,768
178,899
147,836
15,267
107,912
128,667
96,616
116,835
75,027

Other
foreign
assets

995,466
754,811
679,216
580,234
1,135,446
988,079
1,577,230
1,626,612
¥96,048
¥144,294
561,379
643,337
223,110
198,786
191,403
¥175,159
¥71,479
¥40,813
¥219,828
¥157,015
245,769
¥13,220
257,037

Financial
derivatives,
net

Total (sum
of the items
with sign
reversed)

..................
..................
..................
..................
..................
..................
29,710
6,222
¥32,947
50,804
14,795
¥1,007
5,942
¥13,508
¥7,966
¥2,355
¥4,886
¥17,740
7,221
11,275
11,496
20,812
..................

¥61,329
¥16,294
¥42,300
¥10,391
95,107
33,758
¥4,727
79,552
84,991
162,497
¥50,336
17,812
95,634
16,443
2,649
21,486
20,040
40,818
87,565
69,815
19,899
¥14,779
77,725

Of which:
Seasonal
adjustment
discrepancy

..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
9,345
¥733
¥23,857
15,246
6,113
¥2,019
¥28,020
23,929
7,761
¥1,796
¥19,298
13,336
11,162

U.S. official
reserve
assets, net 4
(unadjusted,
end of
period)

67,647
68,654
79,006
85,938
86,824
65,127
65,895
70,565
77,648
130,760
66,551
66,127
69,070
70,565
75,764
75,740
71,834
77,648
74,958
81,489
134,296
130,760
127,521

Sources: Department of Commerce (Bureau of Economic Analysis) and Department of the
Treasury.

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U.S.-owned assets abroad,
excluding financial derivatives
[increase/financial outflow (¥)]

Capital
account
transactions,
net

Contents
Page

TOTAL OUTPUT, INCOME, AND SPENDING
Gross Domestic Product ..........................................................................................................................................................................................
Real Gross Domestic Product ..................................................................................................................................................................................
Chained Price Indexes for Gross Domestic Product ................................................................................................................................................
Gross Domestic Product and Related Price Measures: Indexes and Percent Changes ..............................................................................................
Nonfinancial Corporate Business—Gross Value Added and Price, Costs, and Profits .............................................................................................
National Income ......................................................................................................................................................................................................
Real Personal Consumption Expenditures ...............................................................................................................................................................
Sources of Personal Income ......................................................................................................................................................................................
Disposition of Personal Income ...............................................................................................................................................................................
Farm Income ............................................................................................................................................................................................................
Corporate Profits ......................................................................................................................................................................................................
Real Gross Private Domestic Investment ................................................................................................................................................................
Real Private Fixed Investment by Type ..................................................................................................................................................................
Business Investment ................................................................................................................................................................................................

1
2
2
3
3
4
4
5
6
7
8
9
10
10

EMPLOYMENT, UNEMPLOYMENT, AND WAGES
Status of the Labor Force .........................................................................................................................................................................................
Selected Unemployment Rates ................................................................................................................................................................................
Selected Measures of Unemployment and Unemployment Insurance Programs ......................................................................................................
Nonagricultural Employment ..................................................................................................................................................................................
Average Weekly Hours, Hourly Earnings, and Weekly Earnings—Private Nonagricultural Industries .................................................................
Employment Cost Index—Private Industry .............................................................................................................................................................
Productivity and Related Data, Business Sector ......................................................................................................................................................

11
12
13
14
15
15
16

PRODUCTION AND BUSINESS ACTIVITY
Industrial Production and Capacity Utilization .......................................................................................................................................................
Industrial Production—Major Market Groups and Selected Manufactures ..............................................................................................................
New Construction ....................................................................................................................................................................................................
New Private Housing and Vacancy Rates ...............................................................................................................................................................
Business Sales and Inventories—Manufacturing and Trade .....................................................................................................................................
Manufacturers’ Shipments, Inventories, and Orders .................................................................................................................................................

17
18
19
19
20
21

PRICES
Producer Prices ........................................................................................................................................................................................................
Consumer Prices—All Urban Consumers ................................................................................................................................................................
Changes in Producer Prices for Finished Goods ......................................................................................................................................................
Changes in Consumer Prices—All Urban Consumers .............................................................................................................................................
Prices Received and Paid by Farmers ......................................................................................................................................................................

22
23
24
24
25

MONEY, CREDIT, AND SECURITY MARKETS
Money Stock and Debt Measures .............................................................................................................................................................................
Components of Money Stock ...................................................................................................................................................................................
Aggregate Reserves and Monetary Base ...................................................................................................................................................................
Bank Credit at All Commercial Banks ....................................................................................................................................................................
Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business ..................................................................................................................
Consumer Credit ......................................................................................................................................................................................................
Interest Rates and Bond Yields ...............................................................................................................................................................................
Common Stock Prices and Yields ............................................................................................................................................................................

26
27
27
28
29
29
30
31

FEDERAL FINANCE
Federal Receipts, Outlays, and Debt .......................................................................................................................................................................
Federal Receipts by Source and Outlays by Function ..............................................................................................................................................
Federal Sector, National Income Accounts Basis .....................................................................................................................................................

32
33
34

INTERNATIONAL STATISTICS
Industrial Production and Consumer Prices—Major Industrial Countries ...............................................................................................................
U.S. International Trade in Goods and Services ......................................................................................................................................................
U.S. International Transactions ................................................................................................................................................................................

35
35
36

jlentini on DSKJ8SOYB1PROD with ECOIND

General Notes
Detail in these tables may not add to totals because of rounding.
Unless otherwise noted, all dollar figures are in current dollars.
Symbols used:
p Preliminary.
r Revised.
c Corrected.
… Not available (also, not applicable).
NSA not seasonally adjusted.
For sale by the Superintendent of Documents, U.S. Government Printing Office,
Washington, D.C. 20402. Price $5.00 (single copy) ($7.00 foreign).
Subscription price: $58.00 per year; $81.20 for foreign mailing.

38
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