Full text of Economic Indicators : February 2010
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111th Congress, 2nd Session Economic Indicators FEBRUARY 2010 (Includes data available as of March 5, 2010) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT PRINTING OFFICE hsrobinson on DSK69SOYB1PROD with HEARING WASHINGTON : 2010 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00039 Fmt 3439 Sfmt 3439 E:\HR\OC\ECOIND.039 ECOIND 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. hsrobinson on DSK69SOYB1PROD with HEARING 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 ii VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00040 Fmt 3440 Sfmt 3440 E:\HR\OC\ECOIND.040 ECOIND TOTAL OUTPUT, INCOME, AND SPENDING GROSS DOMESTIC PRODUCT In the fourth quarter of 2009, according to revised estimates, current-dollar gross domestic product (GDP) rose 6.3 percent (annual rate), real GDP (GDP in chained 2005 dollars) rose 5.9 percent, and the chained price index rose 0.4 percent. [Billions of current dollars; quarterly data at seasonally adjusted annual rates] 2000 ...................... 2001 ...................... 2002 ...................... 2003 ...................... 2004 ...................... 2005 ...................... 2006 ...................... 2007 ...................... 2008 ...................... 2009 r .................... 2006: I ................ II ............... III ............. IV .............. 2007: I ................ II ............... III ............. IV .............. 2008: I ................ II ............... III ............. IV .............. 2009: I ................ II ............... III ............. IV 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 14,077.6 14,441.4 14,258.2 13,183.5 13,347.8 13,452.9 13,611.5 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,151.2 14,242.1 14,461.7 ¥382.1 ¥371.0 ¥427.2 ¥504.1 ¥618.7 ¥722.7 ¥769.3 ¥713.8 ¥707.8 ¥392.3 ¥775.8 ¥781.4 ¥805.7 ¥714.3 ¥729.4 ¥724.8 ¥698.4 ¥702.5 ¥744.4 ¥738.7 ¥757.5 ¥590.5 ¥378.5 ¥339.1 ¥402.2 ¥449.2 1,093.2 1,027.7 1,003.0 1,041.0 1,180.2 1,305.1 1,471.0 1,655.9 1,831.1 1,563.7 1,414.0 1,456.0 1,476.0 1,538.2 1,564.9 1,602.1 1,685.2 1,771.6 1,803.6 1,901.5 1,913.1 1,706.2 1,509.3 1,493.7 1,573.8 1,678.1 6,830.4 7,148.8 7,439.2 7,804.0 8,285.1 8,819.0 9,322.7 9,826.4 10,129.9 10,088.5 9,148.2 9,266.6 9,391.8 9,484.1 9,658.5 9,762.5 9,865.6 10,019.2 10,095.1 10,194.7 10,220.1 10,009.8 9,987.7 9,999.3 10,132.9 10,234.3 1,772.2 1,661.9 1,647.0 1,729.7 1,968.6 2,172.2 2,327.2 2,288.5 2,136.1 1,630.9 2,336.5 2,352.1 2,333.5 2,286.5 2,267.2 2,302.0 2,311.9 2,272.9 2,214.8 2,164.6 2,142.7 2,022.1 1,689.9 1,561.5 1,556.1 1,716.1 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 2,369.7 2,538.9 1,956.0 2,189.8 2,237.4 2,281.7 2,252.5 2,294.3 2,326.9 2,383.6 2,474.0 2,548.1 2,640.2 2,670.5 2,296.7 1,887.9 1,832.8 1,976.0 2,127.3 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 2,676.5 2,883.2 2,931.0 2,474.5 2,510.5 2,533.3 2,555.2 2,599.3 2,657.4 2,700.9 2,748.3 2,808.4 2,877.1 2,941.4 2,905.9 2,879.0 2,929.4 2,955.4 2,960.4 576.1 611.7 680.6 756.5 824.6 876.3 931.7 976.7 1,082.6 1,144.9 928.5 930.3 932.2 935.9 942.8 968.1 991.4 1,004.3 1,038.3 1,069.5 1,108.3 1,114.3 1,106.7 1,138.3 1,164.3 1,170.4 National defense 371.0 393.0 437.7 497.9 550.8 589.0 624.9 662.1 737.9 779.1 615.5 624.1 623.3 636.6 636.7 656.6 674.4 680.8 703.6 725.6 763.6 758.9 750.7 776.2 795.8 793.8 Nondefense 205.0 218.7 242.9 258.5 273.9 287.3 306.8 314.5 344.7 365.8 313.0 306.2 308.9 299.3 306.1 311.6 317.0 323.6 334.8 343.9 344.7 355.3 356.0 362.1 368.5 376.7 State and local 1,154.9 1,234.7 1,302.7 1,356.1 1,408.2 1,493.6 1,586.7 1,699.8 1,800.6 1,786.1 1,546.1 1,580.2 1,601.2 1,619.4 1,656.5 1,689.3 1,709.5 1,743.9 1,770.1 1,807.6 1,833.1 1,791.7 1,772.3 1,791.2 1,791.1 1,790.0 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 14,058.3 14,476.2 14,378.4 13,117.5 13,275.4 13,383.8 13,579.2 13,782.5 13,973.7 14,148.8 14,328.0 14,382.1 14,547.1 14,583.7 14,391.8 14,305.3 14,327.4 14,398.7 14,482.1 10,333.5 10,657.2 11,069.5 11,646.3 12,486.4 13,361.1 14,168.2 14,791.4 15,149.2 14,650.5 13,959.3 14,129.2 14,258.6 14,325.8 14,525.0 14,722.0 14,878.3 15,040.3 15,118.3 15,236.4 15,304.2 14,937.8 14,556.5 14,490.3 14,644.3 14,910.8 9,989.2 10,338.1 10,691.4 11,210.8 11,959.0 12,735.5 13,471.3 14,193.3 14,583.3 .............. 13,264.0 13,423.3 13,514.8 13,683.2 13,859.5 14,073.3 14,318.3 14,522.2 14,544.9 14,626.6 14,707.5 14,454.3 14,277.9 14,243.8 14,363.7 .............. Source: Department of Commerce, Bureau of Economic Analysis. 1 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00001 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.001 ECOIND G:\GRAPHICS\eecoind.001 hsrobinson on DSK69SOYB1PROD with HEARING 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 r ..................... 2006: I ................. II ................ III .............. IV ............... 2007: I ................. II ................ III .............. IV ............... 2008: I ................. II ................ III .............. IV ............... 2009: I ................. II ................ III .............. IV 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 13,254.1 13,312.2 12,990.3 12,915.9 12,962.5 12,965.9 13,060.7 13,099.9 13,204.0 13,321.1 13,391.2 13,366.9 13,415.3 13,324.6 13,141.9 12,925.4 12,901.5 12,973.0 13,161.1 7,608.1 7,813.9 8,021.9 8,247.6 8,532.7 8,819.0 9,073.5 9,313.9 9,290.9 9,235.6 8,986.6 9,035.0 9,090.7 9,181.6 9,265.1 9,291.5 9,335.6 9,363.6 9,349.6 9,351.0 9,267.7 9,195.3 9,209.2 9,189.0 9,252.6 9,291.7 1,318.5 1,281.8 1,180.2 1,191.0 1,263.0 1,347.3 1,453.9 1,544.3 1,569.7 1,291.9 1,424.9 1,450.3 1,466.0 1,474.5 1,489.6 1,530.3 1,565.8 1,591.3 1,598.9 1,604.4 1,579.2 1,496.1 1,321.2 1,288.4 1,269.0 1,289.1 Resi- Change dential in prifixed vate invest- invenment tories 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 359.0 775.2 740.1 697.4 660.2 631.7 610.4 572.9 525.0 483.2 462.9 443.3 415.0 367.9 344.4 359.6 364.0 60.2 ¥41.8 12.8 17.3 66.3 50.0 59.4 19.5 ¥25.9 ¥107.6 65.8 72.5 67.5 31.8 14.5 23.3 29.8 10.3 .6 ¥37.1 ¥29.7 ¥37.4 ¥113.9 ¥160.2 ¥139.2 ¥16.9 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 ¥647.7 ¥494.3 ¥355.4 ¥732.6 ¥732.8 ¥756.5 ¥694.9 ¥705.0 ¥683.4 ¥638.4 ¥564.0 ¥550.9 ¥476.0 ¥479.2 ¥470.9 ¥386.5 ¥330.4 ¥357.4 ¥347.1 1,188.3 1,121.6 1,099.2 1,116.8 1,222.8 1,305.1 1,422.0 1,546.1 1,629.3 1,472.1 1,388.8 1,412.1 1,414.1 1,473.2 1,485.9 1,504.8 1,569.9 1,624.0 1,623.4 1,670.4 1,655.2 1,568.0 1,434.5 1,419.5 1,478.8 1,555.5 1,639.9 1,593.8 1,648.0 1,720.7 1,910.8 2,027.8 2,151.2 2,193.8 2,123.5 1,827.4 2,121.3 2,144.9 2,170.5 2,168.1 2,190.8 2,188.1 2,208.3 2,188.0 2,174.3 2,146.5 2,134.4 2,038.9 1,821.0 1,749.8 1,836.2 1,902.7 2,097.8 2,178.3 2,279.6 2,330.5 2,362.0 2,369.9 2,402.1 2,443.1 2,518.1 2,564.8 2,397.1 2,399.1 2,402.7 2,409.4 2,409.5 2,435.4 2,458.9 2,468.7 2,484.7 2,506.9 2,536.6 2,544.0 2,527.2 2,568.6 2,585.5 2,577.9 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 698.1 726.5 779.5 831.1 865.0 876.3 894.9 906.4 975.9 1,026.7 900.5 892.8 892.0 894.4 882.8 898.7 919.0 925.1 943.4 961.3 991.6 1,007.3 996.3 1,023.5 1,043.3 1,043.7 453.5 470.7 505.3 549.2 580.4 589.0 598.4 611.5 659.4 695.1 595.6 597.2 594.3 606.5 594.7 607.1 621.7 622.4 634.8 645.6 675.4 681.7 672.8 695.2 709.3 703.1 244.4 255.5 273.9 281.7 284.6 287.3 296.6 294.9 316.4 331.5 305.0 295.7 297.7 287.8 288.1 291.6 297.2 302.7 308.6 315.8 315.9 325.4 323.4 328.2 333.8 340.5 State and local 1,400.1 1,452.3 1,500.6 1,499.7 1,497.1 1,493.6 1,507.2 1,536.7 1,543.7 1,541.1 1,496.6 1,506.3 1,510.8 1,515.0 1,526.5 1,536.5 1,540.0 1,543.7 1,541.9 1,546.6 1,547.0 1,539.3 1,533.3 1,548.0 1,545.5 1,537.8 11,167.5 11,391.7 11,543.5 11,824.8 12,198.2 12,588.4 12,917.1 13,234.3 13,341.2 13,112.8 12,851.3 12,891.0 12,898.3 13,027.8 13,086.4 13,179.6 13,290.3 13,381.1 13,363.5 13,453.5 13,354.3 13,193.5 13,055.8 13,077.8 13,127.2 13,190.5 11,681.4 11,825.7 12,107.7 12,449.2 12,952.5 13,361.1 13,705.7 13,901.6 13,801.2 13,338.9 13,648.7 13,695.5 13,722.8 13,755.7 13,805.0 13,887.6 13,959.7 13,954.2 13,916.4 13,885.5 13,798.8 13,604.0 13,303.1 13,225.9 13,323.8 13,502.8 11,268.8 11,404.6 11,606.9 11,914.2 12,358.5 12,735.5 13,046.1 13,362.8 13,442.6 .............. 12,994.2 13,035.4 13,025.1 13,129.5 13,160.5 13,275.9 13,451.5 13,563.3 13,525.4 13,533.7 13,470.7 13,240.5 13,018.1 12,986.8 13,084.0 .............. 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 hsrobinson on DSK69SOYB1PROD with HEARING Period 2000 .................. 2001 .................. 2002 .................. 2003 .................. 2004 .................. 2005 .................. 2006 .................. 2007 .................. 2008 .................. 2009 r ................ 2006: I ............ II ........... III ......... IV .......... 2007: I ............ II ........... III ......... IV .......... 2008: I ............ II ........... III ......... IV .......... 2009: I ............ II ........... III ......... IV r ......... 88.648 90.654 92.113 94.099 96.769 100.000 103.263 106.221 108.481 109.736 102.071 102.980 103.763 104.237 105.327 106.026 106.460 107.072 107.577 108.061 109.130 109.155 109.661 109.656 109.763 109.865 Total 89.777 91.488 92.736 94.622 97.098 100.000 102.746 105.502 109.031 109.229 101.803 102.567 103.316 103.298 104.250 105.074 105.681 107.005 107.974 109.021 110.273 108.855 108.449 108.814 109.510 110.141 Goods 97.520 97.429 96.430 96.380 97.867 100.000 101.508 102.789 106.150 103.540 101.116 101.765 102.329 100.822 101.612 102.548 102.627 104.370 105.689 106.678 108.451 103.784 102.186 102.864 104.216 104.894 Gross private domestic investment Services 85.824 88.428 90.807 93.692 96.687 100.000 103.411 106.964 110.582 112.233 102.171 102.998 103.844 104.630 105.668 106.433 107.327 108.427 109.213 110.296 111.275 111.542 111.749 111.954 112.312 112.918 Nonresidential fixed 96.219 95.788 95.363 95.355 96.834 100.000 103.534 106.209 107.897 107.522 102.279 103.112 103.878 104.868 105.686 106.104 106.354 106.693 106.617 107.161 108.314 109.498 109.154 107.993 106.656 106.287 Exports and imports of goods and services Government consumption expenditures and gross investment Federal Residential fixed 77.415 80.994 83.002 86.953 93.296 100.000 106.081 107.513 105.779 100.741 104.890 105.940 106.295 107.199 107.604 107.307 107.455 107.686 107.271 106.838 105.807 103.198 101.915 100.554 99.863 100.633 Exports Imports Total 91.999 91.627 91.253 93.216 96.517 100.000 103.447 107.103 112.389 106.239 101.828 103.125 104.395 104.438 105.355 106.516 107.396 109.144 111.156 113.890 115.638 108.871 105.265 105.284 106.473 107.934 89.963 87.762 86.784 89.796 94.144 100.000 104.144 108.017 119.559 107.036 103.243 104.322 105.121 103.889 104.711 106.332 107.937 113.088 117.234 123.069 125.203 112.730 103.746 104.821 107.688 111.886 82.524 84.201 87.318 91.024 95.335 100.000 104.107 107.754 110.938 111.513 103.101 104.187 104.502 104.637 106.808 107.737 107.896 108.577 110.077 111.265 111.784 110.628 111.084 111.214 111.601 112.151 Source: Department of Commerce, Bureau of Economic Analysis. 2 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00002 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.002 ECOIND National defense 81.821 83.484 86.624 90.659 94.895 100.000 104.421 108.286 111.913 112.085 103.336 104.499 104.883 104.965 107.089 108.172 108.493 109.389 110.857 112.402 113.059 111.334 111.584 111.664 112.195 112.899 Nondefense 83.907 85.612 88.689 91.774 96.234 100.000 103.468 106.672 108.935 110.358 102.622 103.551 103.728 103.972 106.243 106.858 106.678 106.908 108.469 108.922 109.149 109.198 110.085 110.320 110.401 110.627 State and local 82.482 85.019 86.810 90.425 94.062 100.000 105.276 110.615 116.642 115.898 103.307 104.916 105.990 106.892 108.527 109.949 111.009 112.975 114.803 116.877 118.493 116.396 115.587 115.713 115.889 116.403 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 r ................................... 2005: I ............................... II ............................. III ............................ IV ............................ 2006: I ............................... II ............................. III ............................ IV ............................ 2007: I ............................... II ............................. III ............................ IV ............................ 2008: I ............................... II ............................. III ............................ IV ............................ 2009: I ............................... II ............................. III ............................ IV r ........................... 1 Quarterly GDP chain-type price index 88.825 89.783 91.412 93.688 97.036 100.000 102.673 104.872 105.331 102.784 99.175 99.598 100.354 100.873 102.196 102.564 102.592 103.341 103.652 104.475 105.402 105.957 105.764 106.147 105.430 103.984 102.271 102.082 102.648 104.136 GDP implicit price deflator 88.648 90.654 92.113 94.099 96.769 100.000 103.263 106.221 108.481 109.736 98.774 99.445 100.470 101.312 102.071 102.980 103.763 104.237 105.327 106.026 106.460 107.072 107.577 108.061 109.130 109.155 109.661 109.656 109.763 109.865 PCE (chain-type price index) PCE less food and energy price index 89.777 91.488 92.736 94.622 97.098 100.000 102.746 105.502 109.031 109.229 98.754 99.374 100.495 101.377 101.803 102.567 103.316 103.298 104.250 105.074 105.681 107.005 107.974 109.021 110.273 108.855 108.449 108.814 109.510 110.141 91.111 92.739 94.345 95.784 97.788 100.000 102.292 104.699 107.207 108.840 99.229 99.768 100.172 100.831 101.325 102.057 102.630 103.154 103.862 104.318 104.904 105.714 106.333 106.976 107.652 107.866 108.173 108.712 109.027 109.448 88.647 90.650 92.118 94.100 96.770 100.000 103.257 106.214 108.483 109.761 98.766 99.438 100.461 101.309 102.071 102.973 103.756 104.218 105.310 106.008 106.447 107.069 107.534 108.069 109.172 109.172 109.691 109.686 109.783 109.882 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 5.1 2.6 ¥1.3 8.0 4.5 7.4 5.6 8.6 5.1 3.2 4.8 5.5 6.0 5.3 4.5 1.0 3.5 1.4 ¥5.4 ¥4.6 ¥.8 2.6 6.3 GDP chain-type price index 4.1 1.1 1.8 2.5 3.6 3.1 2.7 2.1 .4 ¥2.4 4.1 1.7 3.1 2.1 5.4 1.4 .1 3.0 1.2 3.2 3.6 2.1 ¥.7 1.5 ¥2.7 ¥5.4 ¥6.4 ¥.7 2.2 5.9 2.2 2.3 1.6 2.2 2.8 3.3 3.3 2.9 2.1 1.2 3.8 2.7 4.2 3.4 3.0 3.6 3.1 1.8 4.2 2.7 1.6 2.3 1.9 1.8 4.0 .1 1.9 .0 .4 .4 GDP implicit price deflator 2.2 2.3 1.6 2.2 2.8 3.3 3.3 2.9 2.1 1.2 3.7 2.7 4.2 3.4 3.0 3.6 3.1 1.8 4.3 2.7 1.7 2.4 1.7 2.0 4.1 .0 1.9 .0 .4 .4 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 2.4 2.5 4.6 3.6 1.7 3.0 3.0 ¥.1 3.7 3.2 2.3 5.1 3.7 3.9 4.7 ¥5.0 ¥1.5 1.4 2.6 2.3 1.7 1.8 1.7 1.5 2.1 2.3 2.3 2.4 2.4 1.5 2.9 2.2 1.6 2.7 2.0 2.9 2.3 2.1 2.8 1.8 2.3 3.1 2.4 2.4 2.6 .8 1.1 2.0 1.2 1.6 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 4,955.5 5,279.4 5,252.5 5,307.7 5,503.7 5,877.5 6,302.8 6,740.3 6,970.1 6,971.5 6,629.5 6,668.1 6,811.8 6,851.8 6,909.3 6,988.8 6,949.7 7,032.6 6,934.9 6,974.4 7,042.4 6,934.1 6,703.8 6,671.9 6,613.6 5,422.5 5,707.9 5,604.6 5,629.3 5,767.4 6,040.4 6,302.8 6,536.5 6,649.4 6,675.5 6,505.1 6,480.0 6,567.2 6,593.8 6,597.4 6,649.8 6,624.9 6,725.5 6,664.3 6,735.8 6,722.6 6,579.3 6,278.8 6,269.8 6,242.7 hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ I ................................................... II ................................................. III ................................................ IV ................................................ 2007: I ................................................... II ................................................. III ................................................ IV ................................................ 2008: I ................................................... II ................................................. III ................................................ IV ................................................ 2009: I ................................................... II ................................................. III r ............................................... Total Compensation of employees (unit labor cost) 0.914 .925 .937 .943 .954 .973 1.000 1.031 1.048 1.044 1.019 1.029 1.037 1.039 1.047 1.051 1.049 1.046 1.041 1.035 1.048 1.054 1.068 1.064 1.059 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 0.601 .621 .635 .630 .633 .627 .631 .640 .656 .663 .635 .641 .637 .647 .654 .653 .659 .659 .665 .658 .661 .670 .675 .669 .664 0.214 .222 .236 .237 .237 .234 .243 .250 .264 .275 .245 .250 .250 .253 .258 .263 .268 .268 .271 .272 .274 .282 .293 .290 .285 Consumption of fixed capital Taxes on production and imports 3 Net interest and miscellaneous payments 0.099 .103 .113 .116 .116 .115 .118 .123 .128 .135 .120 .123 .123 .124 .126 .127 .129 .129 .132 .132 .135 .139 .146 .144 .143 0.085 .085 .088 .092 .095 .097 .101 .102 .102 .104 .102 .103 .102 .102 .102 .102 .103 .102 .103 .103 .104 .105 .109 .109 .107 0.030 .034 .035 .029 .026 .022 .024 .025 .034 .036 .023 .024 .025 .027 .030 .034 .036 .037 .036 .037 .035 .038 .038 .037 .035 Corporate profits with inventory valuation and capital consumption adjustments 4 Total 0.098 .082 .066 .076 .084 .112 .127 .141 .127 .107 .139 .138 .150 .138 .135 .135 .122 .118 .105 .106 .114 .1020 .100 .105 .110 Taxes on corporate income 0.032 .030 .020 .017 .023 .031 .043 .047 .045 .036 .045 .048 .050 .045 .047 .046 .043 .044 .038 .039 .038 .027 .032 .035 .036 Profits after tax 5 0.067 .052 .046 .059 .061 .081 .083 .094 .082 .071 .093 .090 .100 .093 .087 .089 .079 .074 .066 .067 .076 .075 .069 .071 .074 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 Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00003 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.003 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 r .......... 2006: I ...... II .... III ... IV ... 2007: I ...... II .... III ... IV ... 2008: I ...... II .... III ... IV ... 2009: I ...... II .... III r .. IV r .. 1 With 8,938.9 9,185.2 9,408.5 9,840.2 10,534.0 11,273.8 12,031.2 12,448.2 12,635.2 ................ 11,838.2 11,965.9 12,093.0 12,227.9 12,253.9 12,421.1 12,482.2 12,635.4 12,661.5 12,664.4 12,781.0 12,433.9 12,208.9 12,218.1 12,259.7 ................ Compensation of employees 5,788.8 5,979.3 6,110.8 6,382.6 6,693.4 7,065.0 7,477.0 7,856.5 8,037.4 7,791.8 7,353.7 7,419.9 7,484.1 7,650.3 7,757.2 7,819.7 7,869.6 7,979.3 8,017.5 8,032.8 8,069.1 8,030.3 7,825.8 7,815.9 7,751.5 7,774.0 Farm Nonfarm 29.6 30.5 18.5 36.5 49.7 43.9 29.3 39.4 48.7 29.4 28.4 28.4 28.4 32.2 36.7 35.7 37.5 47.9 57.2 49.4 49.3 39.0 27.3 28.9 25.8 35.3 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 1,056.9 1,057.5 1,012.0 1,098.5 1,104.8 1,102.8 1,108.4 1,057.5 1,060.3 1,055.7 1,054.2 1,057.9 1,062.5 1,065.1 1,044.5 1,010.5 999.1 1,012.0 1,026.3 215.3 232.4 218.7 204.2 198.4 178.2 146.5 144.9 210.4 268.3 161.3 153.2 140.3 131.2 121.1 140.3 150.2 168.0 179.9 202.8 222.2 236.7 245.9 262.0 277.9 287.4 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 ¥188.7 ¥64.1 ¥127.3 ¥191.0 ¥173.7 ¥167.7 ¥173.2 ¥170.0 ¥184.2 ¥195.8 ¥204.7 ¥53.2 ¥60.1 ¥67.6 ¥75.6 ¥144.9 ¥128.6 ¥118.9 ¥116.7 539.3 544.4 506.4 504.1 461.6 543.0 652.2 739.2 815.1 786.8 608.9 654.4 661.6 684.0 690.6 711.3 756.0 798.9 790.7 809.0 806.1 854.7 826.2 784.4 759.7 777.0 708.6 727.7 762.8 806.8 863.4 930.2 986.8 1,028.7 1,047.3 1,023.1 971.5 983.3 991.6 1,000.7 1,015.3 1,025.2 1,032.2 1,042.3 1,042.5 1,050.8 1,058.5 1,037.3 1,018.8 1,019.6 1,023.1 1,031.0 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 1,541.7 1,360.4 ............ 1,590.9 1,597.7 1,655.1 1,589.6 1,535.4 1,594.9 1,537.1 1,499.4 1,459.7 1,403.7 1,454.6 1,123.6 1,182.7 1,226.5 1,358.9 ............ Total Profits before tax Inventory valuation adjustment 755.7 720.8 762.8 892.2 1,195.1 1,609.5 1,784.7 1,730.4 1,424.5 ............ 1,781.9 1,771.4 1,822.8 1,762.7 1,705.4 1,779.1 1,732.9 1,704.1 1,512.9 1,463.8 1,522.2 1,199.3 1,327.6 1,355.1 1,477.8 ............ 772.5 712.7 765.3 903.5 1,229.4 1,640.2 1,822.7 1,774.4 1,462.7 ............ 1,815.3 1,819.8 1,865.1 1,790.7 1,747.6 1,808.6 1,758.2 1,783.1 1,620.8 1,593.5 1,576.6 1,060.1 1,246.5 1,337.1 1,495.0 ............ ¥16.8 8.0 ¥2.6 ¥11.3 ¥34.3 ¥30.7 ¥38.0 ¥44.0 ¥38.2 .............. ¥33.4 ¥48.4 ¥42.3 ¥28.0 ¥42.2 ¥29.5 ¥25.3 ¥79.0 ¥107.9 ¥129.6 ¥54.5 139.2 81.1 18.1 ¥17.1 .............. 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 54.8 53.5 59.6 55.6 51.4 49.8 48.7 49.2 58.3 56.0 55.4 53.1 52.9 52.9 55.2 55.5 54.9 67.7 60.3 87.0 101.3 82.4 76.1 81.7 95.9 83.0 102.2 118.8 134.0 82.8 79.3 83.6 86.1 97.8 99.0 105.0 107.0 114.8 112.6 116.0 131.8 137.9 145.4 124.8 128.1 9.1 4.0 6.3 7.0 1.2 ¥3.5 ¥4.2 ¥6.6 ¥6.9 ¥8.1 ¥2.4 ¥3.8 ¥4.7 ¥6.0 ¥8.4 ¥6.9 ¥4.9 ¥6.0 ¥5.6 ¥6.3 ¥6.9 ¥8.9 ¥10.7 ¥8.8 ¥6.3 ¥6.5 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 hsrobinson on DSK69SOYB1PROD with HEARING Period 2000 ............. 2001 ............. 2002 ............. 2003 ............. 2004 ............. 2005 ............. 2006 ............. 2007 ............. 2008 ............. 2009 r ............ 2006: I ........ II ...... III ..... IV ..... 2007: I ........ II ...... III ..... IV ..... 2008: I ........ II ...... III ..... IV ..... 2009: I ........ II ...... III ..... IV r .... 7,608.1 7,813.9 8,021.9 8,247.6 8,532.7 8,819.0 9,073.5 9,313.9 9,290.9 9,235.6 8,986.6 9,035.0 9,090.7 9,181.6 9,265.1 9,291.5 9,335.6 9,363.6 9,349.6 9,351.0 9,267.7 9,195.3 9,209.2 9,189.0 9,252.6 9,291.7 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 3,273.7 3,206.0 3,144.1 3,145.7 3,150.8 3,176.4 3,222.5 3,253.9 3,255.4 3,280.6 3,304.8 3,262.1 3,257.8 3,193.6 3,110.4 3,129.8 3,105.4 3,159.6 3,181.8 Total durable goods 1 819.9 864.4 930.0 986.1 1,051.0 1,105.5 1,150.4 1,199.9 1,146.3 1,101.3 1,142.3 1,139.4 1,152.1 1,167.9 1,183.7 1,189.9 1,205.0 1,221.2 1,193.2 1,175.7 1,139.6 1,076.8 1,087.2 1,071.7 1,122.7 1,123.4 Nondurable Motor vehicles and parts 356.1 374.3 394.0 405.3 411.3 409.6 396.6 402.4 347.5 317.2 393.3 393.2 400.3 399.7 402.4 404.1 400.5 402.6 384.4 361.4 337.8 306.2 311.2 306.2 335.2 316.3 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 2,074.8 2,057.3 2,037.0 2,003.7 2,011.6 2,024.5 2,054.7 2,070.3 2,066.1 2,076.8 2,086.0 2,070.1 2,081.4 2,051.5 2,026.1 2,035.5 2,025.7 2,033.3 2,053.7 Food and beverages purchased for offpremises consumption 600.6 607.6 609.0 622.4 639.2 665.0 686.2 700.7 700.7 697.4 676.7 684.2 686.6 697.5 700.8 696.2 699.2 706.6 708.0 708.9 699.6 686.4 687.4 693.5 700.1 708.6 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 287.1 289.2 294.0 302.2 306.5 304.8 298.4 300.7 287.4 292.5 296.4 297.2 300.0 299.9 301.5 301.3 301.5 298.5 292.6 289.9 280.1 287.2 293.2 294.0 292.7 290.1 Total services 1 5,093.3 5,218.7 5,318.1 5,418.4 5,577.6 5,745.1 5,899.7 6,040.8 6,083.1 6,088.4 5,841.0 5,884.2 5,914.3 5,959.4 6,011.7 6,036.2 6,055.5 6,059.7 6,087.1 6,092.5 6,072.4 6,080.4 6,076.0 6,078.8 6,090.6 6,108.2 Household consumption expenditures 4,917.8 5,028.8 5,109.3 5,199.0 5,359.3 5,531.0 5,664.4 5,796.1 5,817.6 5,832.0 5,618.2 5,652.1 5,671.4 5,716.0 5,770.8 5,799.2 5,809.8 5,804.8 5,827.3 5,831.2 5,805.2 5,806.6 5,817.2 5,826.7 5,834.3 5,849.7 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 1,631.8 1,647.2 1,656.6 1,598.9 1,617.8 1,627.6 1,622.5 1,629.3 1,630.1 1,634.6 1,633.1 1,643.8 1,647.3 1,641.6 1,656.3 1,656.9 1,651.8 1,654.0 1,664.0 1,081.5 1,135.4 1,202.3 1,229.4 1,268.6 1,316.0 1,340.0 1,375.5 1,416.4 1,446.6 1,337.3 1,339.2 1,335.8 1,347.7 1,365.1 1,371.7 1,377.6 1,387.6 1,409.0 1,418.2 1,416.1 1,422.4 1,434.3 1,448.2 1,448.6 1,455.3 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00004 Fmt 3401 665.4 660.7 658.3 657.8 691.8 712.6 735.4 772.3 759.8 757.9 726.0 731.3 735.6 748.8 762.8 776.7 779.1 770.5 766.1 763.8 758.5 750.6 751.4 756.1 761.8 762.3 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 8,126.3 8,123.6 8,068.4 7,837.8 7,868.0 7,914.3 8,002.8 8,074.9 8,106.7 8,146.4 8,177.1 8,164.7 8,170.8 8,120.1 8,038.7 8,047.7 8,028.2 8,086.3 8,111.4 17.3 17.1 16.8 16.6 16.9 16.9 16.5 16.1 13.2 10.4 16.8 16.4 16.5 16.3 16.3 16.1 15.9 16.1 15.3 14.1 12.9 10.5 9.5 9.6 11.5 10.8 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 Nov 24 2008 Financial services and insurance Addendum: Personal consumption expenditures excluding food and energy 2 Sfmt 3401 E:\HR\OC\ECOIND.004 ECOIND SOURCES OF PERSONAL INCOME Personal income rose $11.4 billion (annual rate) in January following an increase of $41.2 billion in December. Wages and salaries rose $22.2 billion in January following an increase of $5.1 billion in December. [Billions of dollars; monthly data at seasonally adjusted annual rates] Compensation of employees, received Period 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 11,894.1 12,238.8 12,030.3 12,038.3 11,937.1 11,882.7 11,969.8 12,146.9 12,029.7 11,975.2 12,011.9 12,028.7 12,066.2 12,117.8 12,159.0 12,170.4 5,788.8 5,979.3 6,110.8 6,367.6 6,708.4 7,060.0 7,475.7 7,862.7 8,042.4 7,786.8 7,863.0 7,798.4 7,756.0 7,804.2 7,820.1 7,823.6 7,742.7 7,762.6 7,749.1 7,762.6 7,776.6 7,782.9 7,819.9 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 6,408.9 6,545.9 6,284.4 6,362.2 6,301.0 6,260.3 6,303.6 6,317.0 6,318.9 6,242.0 6,259.5 6,245.9 6,257.5 6,269.6 6,274.7 6,296.9 961.2 1,027.1 1,113.5 1,228.0 1,282.7 1,359.1 1,406.9 1,453.8 1,496.6 1,502.5 1,500.9 1,497.4 1,495.7 1,500.6 1,503.1 1,504.7 1,500.7 1,503.1 1,503.2 1,505.1 1,507.0 1,508.2 1,523.0 Farm 29.6 30.5 18.5 36.5 49.7 43.9 29.3 39.4 48.7 29.4 31.0 26.1 25.0 27.1 29.1 30.6 28.2 25.8 23.5 29.4 35.3 41.2 33.3 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 1,056.9 1,057.5 1,012.0 1,019.2 1,010.1 1,002.1 998.9 997.7 1,000.6 1,006.8 1,012.6 1,016.7 1,021.8 1,027.6 1,029.4 1,034.1 inventory valuation and capital consumption adjustments. capital consumption adjustment. mainly of social insurance benefits to persons. 215.3 232.4 218.7 204.2 198.4 178.2 146.5 144.9 210.4 268.3 242.2 245.9 249.7 255.4 261.9 268.7 273.3 277.9 282.6 285.4 287.5 289.4 288.5 Total 1,360.7 1,346.0 1,309.6 1,312.9 1,408.5 1,542.0 1,829.7 2,031.5 1,994.4 1,792.0 1,894.0 1,845.5 1,797.1 1,785.2 1,773.4 1,761.5 1,762.3 1,763.1 1,763.9 1,774.9 1,785.9 1,796.9 1,776.1 Personal interest income Personal dividend income 984.2 976.5 911.9 889.8 860.2 987.0 1,127.5 1,266.4 1,308.0 1,237.4 1,261.0 1,243.4 1,225.8 1,233.5 1,241.1 1,248.7 1,241.8 1,234.9 1,228.0 1,229.0 1,230.0 1,231.1 1,227.4 376.5 369.5 397.7 423.1 548.3 555.0 702.2 765.1 686.4 554.6 633.0 602.1 571.2 551.8 532.3 512.8 520.5 528.2 535.9 545.9 555.9 565.8 548.7 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 1,718.0 1,875.9 2,108.8 1,966.0 1,979.7 2,016.2 2,068.3 2,236.1 2,116.6 2,123.4 2,133.7 2,155.3 2,155.6 2,170.1 2,184.6 2,200.7 Less: Contributions for government social insurance, domestic 705.8 733.2 751.5 778.9 827.3 872.7 921.8 959.3 990.6 967.0 977.1 968.6 963.3 969.3 971.4 971.9 961.5 963.8 962.3 963.5 965.2 965.5 982.2 Source: Department of Commerce, Bureau of Economic Analysis. 3 Consists 5 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00005 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.005 ECOIND g:\graphics\eecoind.005 hsrobinson on DSK69SOYB1PROD with HEARING 2000 ................. 2001 ................. 2002 ................. 2003 ................. 2004 ................. 2005 ................. 2006 ................. 2007 ................. 2008 ................. 2009 r ................ 2009: Jan ........ Feb ........ Mar ....... Apr ........ May ....... June ...... July r ...... Aug r ...... Sept r ..... Oct r ....... Nov r ...... Dec r ....... 2010: Jan p ...... 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 at an annual rate of 1.0 percent in the fourth quarter of 2009. 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 r ............ 8,559.4 8,883.3 9,060.1 9,378.1 9,937.2 10,485.9 11,268.1 11,894.1 12,238.8 12,030.3 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 1,490.9 10,403.1 10,224.3 1,432.4 10,806.4 10,520.0 1,101.4 10,928.9 10,457.4 213.1 204.9 282.2 289.8 303.7 127.7 235.0 178.9 286.4 471.5 8,161.5 8,360.1 8,637.1 8,853.9 9,155.1 9,277.3 9,650.7 9,860.6 9,911.3 10,004.9 25,944 26,805 27,799 28,805 30,287 31,318 33,157 34,445 35,450 35,543 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 32,648 32,514 32,538 24,185 25,054 25,819 26,832 28,228 29,771 31,174 32,535 33,231 32,810 26,939 27,385 27,841 28,357 29,072 29,771 30,341 30,838 30,479 30,036 3.9 1.4 2.3 1.6 2.5 .4 3.0 1.2 ¥.4 .1 2.9 2.7 3.5 3.5 3.4 1.4 2.4 1.7 2.7 4.3 282,418 285,335 288,133 290,845 293,502 296,229 299,052 302,025 304,831 307,483 31,997 32,205 32,272 32,606 32,668 32,633 32,684 32,610 32,345 33,041 32,238 32,431 32,387 32,815 32,436 32,516 30,703 31,031 31,367 31,591 32,097 32,367 32,624 33,049 33,228 33,486 33,489 32,724 32,587 32,560 32,919 33,172 30,161 30,255 30,362 30,584 30,790 30,806 30,871 30,886 30,744 30,715 30,368 30,061 30,047 29,922 30,059 30,117 6.8 2.6 .8 4.2 .8 ¥.4 .6 ¥.9 ¥3.2 8.9 ¥9.4 2.4 ¥.5 5.4 ¥4.5 1.0 2.2 2.5 2.3 2.5 2.0 1.8 1.6 1.5 1.2 3.4 2.2 3.8 3.7 5.4 3.9 4.1 297,959 298,625 299,411 300,213 300,913 301,617 302,406 303,166 303,810 304,445 305,177 305,890 306,496 307,101 307,815 308,521 2006: I ......... II ....... III ...... IV ...... 2007: I ......... II ....... III ...... IV ...... 2008: I ......... II ....... III ...... IV ...... 2009: I ......... II ....... III r .... IV r ..... 11,026.7 11,204.0 11,336.9 11,504.8 11,706.9 11,823.4 11,945.6 12,100.3 12,142.2 12,292.9 12,286.6 12,233.5 11,952.7 12,048.8 12,005.2 12,114.3 1,321.5 1,340.2 1,354.3 1,393.5 1,459.5 1,481.8 1,500.7 1,521.9 1,531.8 1,326.2 1,437.3 1,434.3 1,187.3 1,082.6 1,071.0 1,064.7 9,705.2 9,863.8 9,982.5 10,111.2 10,247.4 10,341.7 10,445.0 10,578.4 10,610.4 10,966.7 10,849.3 10,799.1 10,765.4 10,966.2 10,934.3 11,049.7 9,493.5 9,618.2 9,754.9 9,856.4 10,038.3 10,158.2 10,275.6 10,425.0 10,484.1 10,592.2 10,613.6 10,389.9 10,362.3 10,370.5 10,502.8 10,594.2 211.7 245.6 227.7 254.8 209.1 183.5 169.4 153.5 126.3 374.4 235.7 409.2 403.1 595.7 431.5 455.5 9,533.8 9,617.3 9,662.5 9,788.8 9,830.2 9,842.7 9,883.9 9,886.2 9,826.8 10,059.0 9,838.3 9,920.4 9,926.4 10,077.5 9,984.4 10,032.0 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. 32,572 33,031 33,341 33,680 34,055 34,287 34,540 34,893 34,925 36,022 35,551 35,304 35,124 35,709 35,522 35,815 Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census). 6 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00006 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.006 ECOIND g:\graphics\eecoind.006 hsrobinson on DSK69SOYB1PROD with HEARING Seasonally adjusted annual rates FARM INCOME According to the preliminary forecast for 2010, gross farm income is forecast at $344.4 billion, and net farm income at $63.0 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 hsrobinson on DSK69SOYB1PROD with HEARING Total 2001 ................................ 2002 ................................ 2003 ................................ 2004 ................................ 2005 ................................ 2006 ................................ 2007 ................................ 2008 ................................ 2009 r ............................... 2010 p .............................. 2008: I .......................... II ......................... III ........................ IV ........................ 2009: I r ......................... II r ........................ III r ...................... IV r ....................... 2010: I p ......................... II p ........................ III p ...................... IV p ....................... 249.9 230.6 258.6 294.7 298.4 291.2 338.4 377.1 337.1 344.4 407.7 367.0 380.6 353.2 369.1 348.6 298.6 332.0 366.0 332.7 325.9 353.2 Livestock and products 200.0 194.6 216.1 238.0 241.0 240.9 288.5 324.2 285.0 290.5 340.8 322.1 333.5 300.4 302.2 302.3 257.7 278.0 298.9 287.1 280.5 295.7 106.7 93.9 105.7 123.5 124.9 118.6 138.6 141.1 118.8 130.3 142.2 141.7 140.8 139.7 120.5 115.4 111.9 127.2 126.8 127.8 130.0 136.6 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 93.4 100.7 110.5 114.5 116.1 122.3 149.9 183.1 166.3 160.3 198.6 180.4 192.6 160.7 181.7 186.9 145.8 150.7 172.1 159.2 150.6 159.1 Direct Government payments 4 1.1 ¥3.5 ¥2.7 11.2 ¥.4 ¥3.1 .6 ¥2.4 ¥1.8 .2 ¥2.5 ¥2.4 ¥2.4 ¥2.2 ¥1.9 ¥1.9 ¥1.7 ¥1.8 .3 .2 .2 .3 22.4 12.4 16.5 13.0 24.4 15.8 11.9 12.2 12.9 12.4 24.1 4.5 5.2 15.1 25.4 4.8 5.5 15.9 24.4 4.6 5.3 15.3 Production expenses 195.0 191.4 197.7 207.3 219.7 232.7 267.5 290.0 280.7 281.4 304.9 288.2 298.4 268.8 297.6 297.7 253.8 273.7 289.5 278.0 271.7 286.4 Net farm income 54.9 39.1 60.9 87.3 78.7 58.5 70.9 87.1 56.4 63.0 102.8 78.9 82.2 84.5 71.5 50.9 44.8 58.3 76.5 54.6 54.2 66.8 4 Includes only Government payments made directly to farmers. NOTE.—Data for 2009 are preliminary and data for 2010 are forecasts. Source: Department of Agriculture. 7 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00007 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.007 ECOIND g:\graphics\eecoind.007 Period CORPORATE PROFITS In the third quarter of 2009, according to current estimates, corporate profits before tax rose $157.9 billion (annual rate) and profits after tax rose $142.8 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 Financial Total 3 Manufacturing Utilities Wholesale Retail Total hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2006: ............................ 776.6 655.0 189.3 465.7 148.8 33.7 54.8 65.7 780.5 258.8 521.7 ............................ 755.7 610.0 189.6 420.4 143.9 25.6 58.7 60.7 772.5 265.1 507.4 ............................ 720.8 551.1 228.0 323.1 49.7 25.2 51.3 72.6 712.7 203.3 509.4 ............................ 762.8 604.9 265.2 339.7 47.7 12.3 49.1 81.6 765.3 192.3 573.0 ............................ 892.2 726.4 311.8 414.6 69.4 12.4 54.8 88.9 903.5 243.8 659.7 ............................ 1,195.1 990.1 362.3 627.8 154.1 19.4 75.6 93.4 1,229.4 306.1 923.3 ............................ 1,609.5 1,370.0 443.6 926.4 247.2 29.8 92.2 122.6 1,640.2 412.4 1,227.8 ............................ 1,784.7 1,527.8 448.0 1,079.9 304.5 54.4 103.7 133.2 1,822.7 473.3 1,349.5 ............................ 1,730.4 1,382.6 367.8 1,014.9 278.6 49.1 102.2 121.6 1,774.4 451.5 1,322.8 ............................ 1,424.5 1,047.3 278.9 768.4 175.5 40.1 75.1 78.2 1,462.7 292.2 1,170.6 ............................ .............. .............. ............ ............ ................ ................ .............. .............. .............. ............ .............. I ....................... 1,781.9 1,535.0 466.5 1,068.5 294.4 45.2 104.4 132.3 1,815.3 460.7 1,354.6 II ..................... 1,771.4 1,516.1 467.8 1,048.3 302.3 53.1 100.7 123.3 1,819.8 475.1 1,344.7 III .................... 1,822.8 1,571.8 434.8 1,137.0 336.4 60.8 107.4 136.4 1,865.1 496.6 1,368.5 IV .................... 1,762.7 1,488.6 422.8 1,065.8 285.0 58.4 102.2 140.7 1,790.7 460.7 1,330.0 2007: I ...................... 1,705.4 1,423.2 384.2 1,039.0 288.9 51.3 107.9 127.9 1,747.6 469.5 1,278.1 II ..................... 1,779.1 1,467.9 406.2 1,061.7 316.0 46.6 117.0 137.2 1,808.6 466.5 1,342.1 III .................... 1,732.9 1,362.4 378.2 984.2 244.0 47.3 107.9 118.7 1,758.2 440.0 1,318.2 IV .................... 1,704.1 1,277.0 302.5 974.5 265.7 51.2 76.0 102.4 1,783.1 430.1 1,353.0 2008: I ...................... 1,512.9 1,100.6 357.0 743.6 187.6 33.1 46.6 75.6 1,620.8 323.2 1,297.6 II ..................... 1,463.8 1,096.8 330.8 766.0 160.1 43.1 56.6 80.2 1,593.5 317.5 1,276.0 III .................... 1,522.2 1,125.0 297.5 827.5 205.7 43.5 85.8 77.1 1,576.6 304.8 1,271.9 IV .................... 1,199.3 866.9 130.3 736.6 148.6 40.8 111.5 79.7 1,060.1 223.3 836.8 2009: I ...................... 1,327.6 1,011.9 253.9 758.0 121.6 53.6 94.0 83.1 1,246.5 270.3 976.1 II ..................... 1,355.1 1,053.9 280.7 773.3 132.3 53.4 87.5 95.1 1,337.1 305.9 1,031.1 III .................... 1,477.8 1,154.6 362.4 792.2 129.7 61.5 80.6 98.8 1,495.0 321.0 1,173.9 IV .................... .............. .............. ............ ............ ................ ................ .............. .............. .............. ............ .............. 1 See 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 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00008 Fmt 3401 337.4 184.3 ¥4.0 377.9 129.5 ¥16.8 370.9 138.5 8.0 399.3 173.8 ¥2.6 424.9 234.8 ¥11.3 550.3 373.0 ¥34.3 557.3 670.5 ¥30.7 704.8 644.7 ¥38.0 767.8 555.1 ¥44.0 689.9 480.7 ¥38.2 r 576.2 .............. .............. 646.4 708.2 ¥33.4 691.1 653.6 ¥48.4 727.1 641.4 ¥42.3 754.5 575.5 ¥28.0 772.6 505.5 ¥42.2 778.1 564.0 ¥29.5 770.6 547.6 ¥25.3 749.9 603.2 ¥79.0 719.4 578.2 ¥107.9 693.7 582.3 ¥129.6 676.6 595.3 ¥54.5 669.9 166.9 139.2 618.1 358.0 81.1 556.0 475.1 18.1 549.9 624.1 ¥17.1 r 580.6 .............. .............. NOTE.—Data by industry beginning 1998 are based on the 1997 North American Industry Classification System (NAICS). Source: Department of Commerce, Bureau of Economic Analysis. 8 VerDate Nov 24 2008 Net dividends Inventory Undisvalutributed ation adprofits justment Sfmt 3401 E:\HR\OC\ECOIND.008 ECOIND g:\graphics\eecoind.008 Period Profits before tax Taxes on corporate income REAL GROSS PRIVATE DOMESTIC INVESTMENT In the fourth quarter of 2009, according to revised estimates, nonresidential fixed investment in chained (2005) dollars rose $20.1 billion (annual rate) and residential investment rose $4.4 billion. There was a decrease of $16.9 billion in inventories following a decrease of $139.2 billion in the third quarter. [Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates] Fixed investment hsrobinson on DSK69SOYB1PROD with HEARING Period Change in private inventories Nonresidential Total Total Equipment and software Residential Structures Total Nonfarm 2000 ................................................................................. 2001 ................................................................................. 2002 ................................................................................. 2003 ................................................................................. 2004 ................................................................................. 2005 ................................................................................. 2006 ................................................................................. 2007 .................................................................................. 2008 ................................................................................. 2009 r ................................................................................ 1,970.3 1,831.9 1,807.0 1,871.6 2,058.2 2,172.2 2,230.4 2,146.2 1,989.4 1,529.6 1,913.8 1,877.6 1,798.1 1,856.2 1,992.5 2,122.3 2,171.3 2,126.3 2,018.4 1,649.3 1,318.5 1,281.8 1,180.2 1,191.0 1,263.0 1,347.3 1,453.9 1,544.3 1,569.7 1,291.9 440.0 433.3 356.6 343.0 346.7 351.8 384.0 441.4 486.8 391.4 895.8 866.9 830.3 851.4 917.3 995.6 1,069.6 1,097.0 1,068.6 890.3 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 359.0 60.2 ¥41.8 12.8 17.3 66.3 50.0 59.4 19.5 ¥25.9 ¥107.6 61.2 ¥41.5 15.6 17.2 58.3 49.8 63.2 20.4 ¥20.4 ¥107.7 2006: I ............................................................................. II ........................................................................... III ......................................................................... IV .......................................................................... 2,264.7 2,261.2 2,229.6 2,166.0 2,200.2 2,189.9 2,162.2 2,132.9 1,424.9 1,450.3 1,466.0 1,474.5 364.8 383.7 393.2 394.6 1,060.7 1,066.3 1,072.0 1,079.3 775.2 740.1 697.4 660.2 65.8 72.5 67.5 31.8 62.3 80.4 73.9 36.2 2007: I ........................................................................... II ........................................................................... III ......................................................................... IV .......................................................................... 2008: I ............................................................................ II ........................................................................... III ......................................................................... IV .......................................................................... 2,132.6 2,162.2 2,166.5 2,123.4 2,082.9 2,026.5 1,990.7 1,857.7 2,118.8 2,137.7 2,135.6 2,113.0 2,079.2 2,064.8 2,020.4 1,909.3 1,489.6 1,530.3 1,565.8 1,591.3 1,598.9 1,604.4 1,579.2 1,496.1 409.2 430.7 456.8 469.1 476.8 493.2 493.1 484.0 1,078.1 1,095.2 1,101.3 1,113.3 1,111.9 1,097.7 1,071.0 993.7 631.7 610.4 572.9 525.0 483.2 462.9 443.3 415.0 14.5 23.3 29.8 10.3 .6 ¥37.1 ¥29.7 ¥37.4 8.3 27.9 32.7 12.5 14.5 ¥35.8 ¥24.5 ¥35.7 2009: I ............................................................................ II ........................................................................... III ......................................................................... IV r ........................................................................ 1,558.5 1,456.7 1,474.4 1,628.7 1,687.5 1,631.9 1,626.7 1,651.2 1,321.2 1,288.4 1,269.0 1,289.1 419.4 400.0 380.2 366.2 887.5 876.5 879.8 917.4 367.9 344.4 359.6 364.0 ¥113.9 ¥160.2 ¥139.2 ¥16.9 ¥114.9 ¥163.1 ¥141.4 ¥11.2 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. 9 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00009 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.009 ECOIND g:\graphics\eecoind.009 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 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 2000 ......................... 2001 ......................... 2002 ......................... 2003 ......................... 2004 ......................... 2005 ......................... 2006 ......................... 2007 ......................... 2008 ......................... 2009 r ........................ 2006: 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 2,126.3 2,018.4 1,649.3 2,200.2 2,189.9 2,162.2 2,132.9 1,318.5 1,281.8 1,180.2 1,191.0 1,263.0 1,347.3 1,453.9 1,544.3 1,569.7 1,291.9 1,424.9 1,450.3 1,466.0 1,474.5 440.0 433.3 356.6 343.0 346.7 351.8 384.0 441.4 486.8 391.4 364.8 383.7 393.2 394.6 895.8 866.9 830.3 851.4 917.3 995.6 1,069.6 1,097.0 1,068.6 890.3 1,060.7 1,066.3 1,072.0 1,079.3 391.9 390.2 379.3 405.0 443.1 475.3 514.8 555.7 588.8 556.5 505.7 508.9 520.4 524.1 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 172.4 173.7 173.4 185.6 204.6 218.0 227.1 241.5 257.0 240.6 222.4 224.8 228.5 232.8 168.4 163.2 148.4 156.4 168.1 178.4 191.2 202.3 211.1 202.4 192.2 189.8 191.9 191.0 175.8 162.8 151.9 151.6 147.4 159.6 172.9 180.9 174.7 133.6 165.1 176.2 174.7 175.6 186.2 169.6 154.2 140.4 162.3 181.7 196.5 177.4 128.9 65.9 202.6 194.1 193.7 195.5 150.4 149.3 148.2 155.0 164.4 178.9 185.5 184.1 180.3 145.1 187.3 187.0 183.4 184.3 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 359.0 775.2 740.1 697.4 660.2 572.6 575.6 605.9 655.9 720.1 765.2 708.1 575.0 441.5 349.9 764.9 730.0 687.3 650.2 315.0 315.4 327.7 362.6 406.1 433.5 391.1 283.9 179.7 108.8 442.4 409.4 374.6 338.0 7.4 7.6 7.9 8.4 9.4 9.8 10.2 10.1 9.8 9.2 10.3 10.1 10.1 10.1 2007: I .................... II ................... III ................. IV .................. 2,118.8 2,137.7 2,135.6 2,113.0 1,489.6 1,530.3 1,565.8 1,591.3 409.2 430.7 456.8 469.1 1,078.1 1,095.2 1,101.3 1,113.3 540.2 546.9 558.2 577.5 ............. ............. ............. ............. 235.0 238.9 242.6 249.6 198.4 200.3 203.1 207.4 172.4 186.9 185.9 178.6 188.2 178.1 171.8 171.5 178.3 183.7 186.4 188.0 631.7 610.4 572.9 525.0 621.6 600.4 562.9 515.0 314.0 301.6 277.9 242.1 10.2 10.0 10.1 10.2 2008: I .................... II ................... III ................. IV .................. 2,079.2 2,064.8 2,020.4 1,909.3 1,598.9 1,604.4 1,579.2 1,496.1 476.8 493.2 493.1 484.0 1,111.9 1,097.7 1,071.0 993.7 591.7 601.3 594.5 567.6 ............. ............. ............. ............. 257.3 260.3 258.3 252.2 209.2 214.2 216.7 204.3 179.3 178.6 173.7 167.2 161.9 141.0 121.7 90.9 182.3 180.9 185.4 172.6 483.2 462.9 443.3 415.0 473.3 453.0 433.7 405.8 208.6 189.1 171.8 149.4 10.1 10.1 9.8 9.4 2009: I .................... II ................... III ................. IV r ................. 1,687.5 1,631.9 1,626.7 1,651.2 1,321.2 1,288.4 1,269.0 1,289.1 419.4 400.0 380.2 366.2 887.5 876.5 879.8 917.4 537.5 544.8 554.9 589.0 ............. ............. ............. ............. 235.5 236.2 239.2 251.4 195.8 199.1 203.9 210.8 140.8 135.2 130.4 128.3 59.8 62.7 66.0 74.9 157.3 144.0 140.1 139.1 367.9 344.4 359.6 364.0 358.9 335.5 350.5 354.6 112.9 96.3 110.4 115.8 9.2 8.9 9.3 9.6 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 Other 1 out sale and maand and social emtrade trade waretion insur- rental and tech- assisployhousance leasnical tance ees ing ing services hsrobinson on DSK69SOYB1PROD with HEARING 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 67.4 106.1 172.9 118.0 31.8 84.2 134.8 84.2 1,371.6 1,295.8 2.4 150.0 98.3 41.7 211.6 33.1 73.3 79.6 103.4 145.4 96.0 32.7 90.0 138.5 75.7 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. 10 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00010 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.010 ECOIND EMPLOYMENT, UNEMPLOYMENT, AND WAGES STATUS OF THE LABOR FORCE In February, employment rose by 308,000 and unemployment rose by 34,000. [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: Feb ........ Mar ....... Apr ........ May ....... June ...... July ....... Aug ....... Sept ....... Oct ........ Nov ........ Dec ........ 2010: Jan 2 ...... Feb ........ Civilian noninstitutional population (NSA) Civilian labor force Total Men 20 years and over 212,577 215,092 217,570 221,168 223,357 226,082 228,815 231,867 233,788 235,801 234,913 235,086 235,271 235,452 235,655 235,870 236,087 236,322 236,550 236,743 236,924 236,832 236,998 142,583 143,734 144,863 146,510 147,401 149,320 151,428 153,124 154,287 154,142 154,401 154,164 154,718 154,956 154,759 154,351 154,426 153,927 153,854 153,720 153,059 153,170 153,512 136,891 136,933 136,485 137,736 139,252 141,730 144,427 146,047 145,362 139,877 141,687 140,854 140,902 140,438 140,038 139,817 139,433 138,768 138,242 138,381 137,792 138,333 138,641 69,634 69,776 69,734 70,415 71,572 73,050 74,431 75,337 74,750 71,341 72,266 71,667 71,665 71,552 71,354 71,255 71,142 70,861 70,662 70,662 70,391 70,390 70,623 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 64,238 64,110 64,147 63,847 63,741 63,685 63,552 63,280 63,133 63,269 62,998 63,527 63,538 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 5,183 5,077 5,089 5,039 4,943 4,877 4,740 4,627 4,448 4,450 4,403 4,416 4,480 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 12,714 13,310 13,816 14,518 14,721 14,534 14,993 15,159 15,612 15,340 15,267 14,837 14,871 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 2009 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 6,593 7,013 7,441 7,787 7,892 7,728 8,055 8,116 8,362 8,239 8,011 7,835 7,848 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 4,676 4,863 4,957 5,213 5,243 5,225 5,295 5,406 5,554 5,473 5,622 5,422 5,531 1,081 1,162 1,253 1,251 1,208 1,186 1,119 1,101 1,285 1,552 1,445 1,435 1,418 1,518 1,586 1,581 1,643 1,637 1,696 1,627 1,634 1,580 1,491 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 65.7 65.6 65.8 65.8 65.7 65.4 65.4 65.1 65.0 64.9 64.6 64.7 64.8 64.4 63.7 62.7 62.3 62.3 62.7 63.1 63.0 62.2 59.3 60.3 59.9 59.9 59.6 59.4 59.3 59.1 58.7 58.4 58.5 58.2 58.4 58.5 4.0 4.7 5.8 6.0 5.5 5.1 4.6 4.6 5.8 9.3 8.2 8.6 8.9 9.4 9.5 9.4 9.7 9.8 10.1 10.0 10.0 9.7 9.7 69,994 71,359 72,707 74,658 75,956 76,762 77,387 78,743 79,501 81,659 80,512 80,922 80,554 80,496 80,895 81,519 81,661 82,396 82,696 83,022 83,865 83,663 83,487 See Employment and Earnings for details on breaks in series. Source: Department of Labor, Bureau of Labor Statistics. 11 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00011 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.011 ECOIND g:\graphics\eecoind.011 hsrobinson on DSK69SOYB1PROD with HEARING Period Percent 1 Unemployment SELECTED UNEMPLOYMENT RATES In February, the unemployment rate was unchanged at 9.7 percent. [Monthly data seasonally adjusted] Unemployment rate (percent of civilian labor force in group) By race or ethnicity 1 hsrobinson on DSK69SOYB1PROD with HEARING Period All civilian workers 2000 ........................ 2001 ........................ 2002 ........................ 2003 ........................ 2004 ......................... 2005 ......................... 2006 ......................... 2007 ......................... 2008 ......................... 2009 ......................... 2009: Feb ............... Mar .............. Apr ............... May .............. June ............. July .............. Aug .............. Sept .............. Oct ............... Nov .............. Dec ............... 2010: Jan ............... Feb ............... 4.0 4.7 5.8 6.0 5.5 5.1 4.6 4.6 5.8 9.3 8.2 8.6 8.9 9.4 9.5 9.4 9.7 9.8 10.1 10.0 10.0 9.7 9.7 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 8.4 8.9 9.4 9.8 10.0 9.8 10.2 10.3 10.6 10.4 10.2 10.0 10.0 3.6 4.1 5.1 5.1 4.9 4.6 4.1 4.0 4.9 7.5 6.8 7.1 7.2 7.5 7.6 7.6 7.7 7.9 8.1 8.0 8.2 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 21.8 22.0 21.8 23.2 24.3 24.5 25.7 26.1 27.6 26.8 27.1 26.4 25.0 White 3.5 4.2 5.1 5.2 4.8 4.4 4.0 4.1 5.2 8.5 7.5 8.0 8.1 8.6 8.7 8.7 8.9 9.1 9.4 9.3 9.0 8.7 8.8 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 13.5 13.5 15.0 15.0 14.8 14.7 15.2 15.5 15.7 15.6 16.2 16.5 15.8 3.6 4.5 5.9 6.0 4.4 4.0 3.0 3.2 4.0 7.3 6.9 6.4 6.6 6.7 8.2 8.3 7.5 7.4 7.5 7.3 8.4 8.4 8.4 5.7 6.6 7.5 7.7 7.0 6.0 5.2 5.6 7.6 12.1 11.0 11.6 11.4 12.7 12.3 12.4 13.0 12.7 13.1 12.7 12.9 12.6 12.4 Married men, spouse present 2.0 2.7 3.6 3.8 3.1 2.8 2.4 2.5 3.4 6.6 5.6 6.0 6.3 6.7 6.9 6.9 7.1 7.3 7.5 7.5 7.3 6.6 6.8 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00012 Fmt 3401 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 10.3 10.8 10.0 11.0 11.7 12.6 12.2 11.6 12.9 11.4 13.0 12.3 11.6 3.8 4.7 5.9 6.1 5.6 5.0 4.5 4.6 5.8 10.0 8.8 9.3 9.6 10.2 10.3 10.2 10.5 10.7 11.1 11.0 10.9 10.4 10.5 4.8 5.1 5.2 5.5 5.3 5.4 5.1 4.9 5.5 6.0 5.8 5.9 6.0 6.1 6.0 6.0 6.3 6.4 6.1 5.6 6.0 6.4 6.2 NOTE.—Data relate to persons age 16 years and over. Source: Department of Labor, Bureau of Labor Statistics. 12 VerDate Nov 24 2008 Women who maintain families (NSA) Sfmt 3401 E:\HR\OC\ECOIND.012 ECOIND g:\graphics\eecoind.012 By sex and age SELECTED MEASURES OF UNEMPLOYMENT AND UNEMPLOYMENT INSURANCE PROGRAMS In February, 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 29.7 weeks and the median duration fell to 19.4 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: Feb ................................ Mar ............................... Apr ................................ May ............................... June .............................. July ............................... Aug ............................... Sept ............................... Oct ................................ Nov ............................... Dec ................................ 2010: Jan ................................ Feb ................................ 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 12,714 13,310 13,816 14,518 14,721 14,534 14,993 15,159 15,612 15,340 15,267 14,837 14,871 44.9 42.0 34.5 31.7 33.1 35.1 37.3 35.9 32.8 22.2 26.5 25.2 24.3 22.2 21.0 21.9 20.0 19.4 20.1 18.2 19.0 19.6 18.3 31.9 32.3 30.8 29.8 29.2 30.4 30.3 31.5 31.4 26.8 31.2 30.6 29.3 29.6 26.6 24.3 27.4 25.3 23.5 23.0 22.7 22.0 22.8 11.8 14.0 16.3 16.4 15.9 14.9 14.7 15.0 16.0 19.5 18.9 19.6 19.0 20.5 22.7 19.6 18.9 19.5 20.4 20.1 18.5 17.2 18.0 11.4 11.8 18.3 22.1 21.8 19.6 17.6 17.6 19.7 31.5 23.4 24.6 27.5 27.7 29.6 34.2 33.6 35.9 36.0 38.7 39.8 41.2 40.9 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 (2008–2009), and Federal Additional Compensation (2009). 12.6 13.1 16.6 19.2 19.6 18.4 16.8 16.8 17.9 24.4 20.0 20.8 21.8 22.9 24.4 25.3 25.2 26.5 27.2 28.6 29.1 30.2 29.7 5.9 6.8 9.1 10.1 9.8 8.9 8.3 8.5 9.4 15.1 11.4 11.9 13.1 14.9 18.2 15.9 15.5 17.8 19.0 20.2 20.5 19.9 19.4 44.2 51.1 55.0 55.1 51.5 48.3 47.4 49.7 53.7 64.2 62.4 63.8 64.3 65.0 65.2 64.8 65.3 66.1 65.2 64.8 63.7 61.9 63.2 13.7 12.3 10.3 9.3 10.5 11.5 11.8 11.2 10.0 6.2 6.5 6.7 6.4 6.3 5.6 6.0 5.6 5.6 5.8 6.0 6.1 6.1 5.7 34.5 29.9 28.3 28.2 29.5 31.4 32.0 30.3 27.7 22.3 23.1 22.8 22.7 22.0 22.6 22.4 21.9 21.0 22.0 20.9 21.9 23.8 22.8 7.6 6.8 6.4 7.3 8.4 8.8 8.8 8.9 8.6 7.3 8.0 6.7 6.7 6.7 6.6 6.8 7.3 7.3 7.1 8.3 8.3 8.2 8.2 2,110 2,974 3,585 3,531 2,950 2,661 2,476 2,572 3,306 5,724 6,050 7,557 6,634 6,497 6,833 6,443 6,449 5,556 5,072 5,632 5,814 .............. .............. 301 404 407 404 345 328 313 324 424 565 644 680 641 567 636 627 500 479 531 548 694 .......... .......... 2,143 3,012 4,453 4,400 3,103 2,709 2,521 2,612 3,898 8,943 7,986 10,177 9,150 9,336 10,240 10,021 10,794 9,852 9,146 10,467 11,238 ............... ............... 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). 13 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00013 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.013 ECOIND g:\graphics\eecoind.013 hsrobinson on DSK69SOYB1PROD with HEARING Weekly average, thousands NONAGRICULTURAL EMPLOYMENT Total nonagricultural employment as measured by the payroll survey fell by 36,000 in February. [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 hsrobinson on DSK69SOYB1PROD with HEARING 2000 .................. 2001 .................. 2002 .................. 2003 .................. 2004 .................. 2005 .................. 2006 .................. 2007 .................. 2008 .................. 2009 r ................. 2009: Feb ........ Mar ........ Apr r ....... May r ....... June r ...... July r ....... Aug ........ Sept ....... Oct ......... Nov ........ Dec r ....... 2010: Jan r ....... Feb p ....... 131,785 131,826 130,341 129,999 131,435 133,703 136,086 137,598 136,790 130,920 132,823 132,070 131,542 131,155 130,640 130,294 130,082 129,857 129,633 129,697 129,588 129,562 129,526 110,995 110,708 108,828 108,416 109,814 111,899 114,113 115,380 114,281 108,371 110,254 109,510 108,861 108,527 108,075 107,778 107,563 107,377 107,115 107,190 107,107 107,074 107,056 24,649 23,873 22,557 21,816 21,882 22,190 22,531 22,233 21,334 18,620 19,559 19,233 18,956 18,731 18,503 18,375 18,245 18,124 17,993 17,960 17,906 17,853 17,793 6,787 6,826 6,716 6,735 6,976 7,336 7,691 7,630 7,162 6,037 6,435 6,293 6,179 6,120 6,029 5,949 5,885 5,814 5,747 5,732 5,696 5,619 5,555 17,263 16,441 15,259 14,510 14,315 14,226 14,155 13,879 13,406 11,883 12,377 12,212 12,063 11,911 11,782 11,739 11,682 11,634 11,577 11,552 11,534 11,554 11,555 86,346 86,834 86,271 86,600 87,932 89,709 91,582 93,147 92,947 89,751 90,695 90,277 89,905 89,796 89,572 89,403 89,318 89,253 89,122 89,230 89,201 89,221 89,263 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 25,330 25,174 25,052 24,997 24,943 24,845 24,819 24,754 24,670 24,678 24,653 24,637 24,623 Retail trade 15,280 15,239 15,025 14,917 15,058 15,280 15,353 15,520 15,283 14,528 14,723 14,635 14,592 14,570 14,546 14,492 14,477 14,429 14,366 14,375 14,360 14,402 14,401 Information 3,630 3,629 3,395 3,188 3,118 3,061 3,038 3,032 2,984 2,807 2,873 2,861 2,837 2,812 2,797 2,785 2,776 2,777 2,774 2,762 2,748 2,744 2,726 Financial activities 7,687 7,808 7,847 7,977 8,031 8,153 8,328 8,301 8,145 7,758 7,894 7,852 7,805 7,773 7,742 7,719 7,695 7,683 7,664 7,666 7,657 7,644 7,634 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 16,920 16,774 16,636 16,585 16,453 16,405 16,371 16,349 16,360 16,466 16,488 16,518 16,569 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00014 Fmt 3401 11,862 12,036 11,986 12,173 12,493 12,816 13,110 13,427 13,436 13,102 13,183 13,137 13,103 13,126 13,105 13,101 13,083 13,099 13,045 13,024 12,991 12,991 12,998 5,168 5,258 5,372 5,401 5,409 5,395 5,438 5,494 5,515 5,364 5,410 5,384 5,373 5,366 5,367 5,362 5,353 5,344 5,327 5,321 5,314 5,314 5,308 20,790 21,118 21,513 21,583 21,621 21,804 21,974 22,218 22,509 22,549 22,569 22,560 22,681 22,628 22,565 22,516 22,519 22,480 22,518 22,507 22,481 22,488 22,470 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 VerDate Nov 24 2008 15,109 15,645 16,199 16,588 16,953 17,372 17,826 18,322 18,838 19,191 19,085 19,095 19,099 19,137 19,165 19,186 19,221 19,247 19,282 19,313 19,350 19,373 19,405 Other services Government Sfmt 3401 E:\HR\OC\ECOIND.014 ECOIND g:\graphics\eecoind.014 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 r ................ 2009: Jan r ...... Feb r ...... Mar r ...... Apr r ...... May r ..... June r .... July r ..... Aug r ...... Sept r ..... Oct r ....... Nov r ...... Dec r ...... 2010: Jan r ...... Feb p ...... 34.3 34.0 33.9 33.7 33.7 33.8 33.9 33.9 33.6 33.1 33.3 33.2 33.1 33.1 33.1 33.0 33.1 33.1 33.1 33.0 33.2 33.2 33.3 33.1 Total Overtime 41.3 40.3 40.5 40.4 40.8 40.7 41.1 41.2 40.8 39.8 39.8 39.5 39.4 39.6 39.5 39.5 39.9 40.0 39.9 40.0 40.5 40.5 40.7 40.3 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 2.8 2.7 2.6 2.8 2.8 2.8 3.0 3.0 3.0 3.2 3.4 3.4 3.5 3.4 Current dollars $14.02 14.54 14.97 15.37 15.69 16.13 16.76 17.43 18.08 18.62 18.43 18.47 18.52 18.53 18.55 18.57 18.62 18.69 18.71 18.78 18.80 18.85 18.90 18.93 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 8.92 8.90 8.93 8.93 8.93 8.86 8.87 8.86 8.85 8.86 8.85 8.85 8.85 .............. $14.32 14.76 15.29 15.74 16.14 16.56 16.81 17.26 17.75 18.23 18.01 18.09 18.14 18.15 18.15 18.17 18.26 18.31 18.39 18.41 18.38 18.38 18.44 18.48 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). Seasonally adjusted data revised to reflect CPI–W annual revisions. Current dollars Current dollars 1982–84 dollars 2 $481.01 493.79 506.75 518.06 529.09 544.33 567.87 590.04 607.95 617.11 613.72 613.20 613.01 613.34 614.01 612.81 616.32 618.64 619.30 619.74 624.16 625.82 629.37 626.58 $284.79 284.61 288.09 288.13 286.77 284.99 288.11 290.99 288.06 294.38 297.11 295.41 295.66 295.56 295.53 292.37 293.67 293.28 293.02 292.47 293.84 293.92 294.60 .............. Manufacturing $590.77 595.19 618.75 635.99 658.49 673.30 691.02 711.56 724.46 725.87 716.80 714.56 714.72 718.74 716.93 717.72 728.57 732.40 733.76 736.40 744.39 744.39 750.51 744.74 Percent change from a year earlier, total private nonagricultural Construction Retail trade $685.78 695.89 711.82 726.83 735.55 750.22 781.21 816.66 842.61 852.45 850.10 853.48 850.14 846.75 850.89 848.25 857.68 862.60 843.00 845.38 865.24 860.63 872.80 853.76 $333.38 346.16 360.81 367.15 371.13 377.58 383.02 385.11 386.21 388.72 384.62 385.61 384.62 385.91 387.50 386.21 387.50 388.59 389.49 390.20 393.60 394.80 395.10 395.70 Current dollars 3.9 2.7 2.6 2.2 2.1 2.9 4.3 3.9 3.0 1.5 2.5 2.1 1.4 1.2 1.2 .7 1.2 .9 1.5 1.2 2.0 2.2 2.6 2.2 1982–84 dollars 0.4 ¥.1 1.2 .0 ¥.5 ¥.6 1.1 1.0 ¥1.0 2.2 3.3 2.6 2.4 2.4 2.9 2.5 3.9 2.9 3.3 1.5 ¥.3 ¥1.2 ¥.8 ................ 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 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. hsrobinson on DSK69SOYB1PROD with HEARING Seasonally adjusted 2006: Mar ................................................................. June ................................................................ Sept ................................................................. Dec .................................................................. 2007: Mar ................................................................. June ................................................................ Sept ................................................................. Dec .................................................................. 2008: Mar ................................................................. June ................................................................ Sept ................................................................. Dec .................................................................. 2009: Mar ................................................................. June ................................................................ Sept ................................................................. Dec .................................................................. 100.8 101.6 102.5 103.3 104.0 104.8 105.6 106.5 107.2 107.9 108.6 109.1 109.3 109.5 110.0 110.4 100.8 101.6 102.5 103.3 104.3 105.0 105.9 106.7 107.6 108.4 109.1 109.6 109.8 110.0 110.5 111.0 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. 100.8 101.6 102.5 103.4 103.1 104.2 104.9 105.9 106.5 106.9 107.5 107.9 108.1 108.3 108.6 109.0 0.6 .8 .9 .8 .7 .8 .8 .9 .7 .7 .6 .5 .2 .2 .5 .4 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 0.7 .8 .9 .8 1.0 .7 .9 .8 .8 .7 .6 .5 .2 .2 .5 .5 0.5 .8 .9 .9 ¥.3 1.1 .7 1.0 .6 .4 .6 .4 .2 .2 .3 .4 2.6 2.8 3.0 3.2 3.2 3.1 3.1 3.0 3.2 3.0 2.8 2.4 1.9 1.5 1.2 1.2 2.4 2.8 3.0 3.2 3.6 3.3 3.4 3.3 3.2 3.1 2.9 2.6 2.0 1.6 1.4 1.4 3.0 2.7 2.8 3.1 2.2 2.6 2.4 2.4 3.2 2.6 2.4 2.0 1.6 1.3 1.1 1.0 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 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00015 Fmt 3401 Sfmt 3401 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, 1992=100; quarterly data seasonally adjusted 2000 ........................ 2001 ........................ 2002 ........................ 2003 ........................ 2004 ........................ 2005 r ....................... 2006 r ....................... 2007 r ....................... 2008 r ....................... 2009 r ....................... 2006: I r .................. II r ................ III r ............... IV r ............... 2007: I r .................. II r ................ III r ............... IV r ............... 2008: I r .................. II r ................ III r ............... IV r ............... 2009: I r .................. II r ................ III r ............... IV r* ............. 117.2 120.7 126.2 131.0 134.9 137.2 138.5 141.0 144.0 149.4 138.6 138.7 137.9 138.8 139.0 140.0 142.0 142.8 142.8 143.8 144.3 145.0 145.3 148.0 150.9 153.6 116.8 120.2 125.7 130.3 134.0 136.2 137.5 140.1 142.9 148.3 137.5 137.7 137.0 138.0 138.3 139.0 141.0 142.0 141.8 142.8 143.2 144.0 144.3 147.0 149.8 152.3 141.9 143.0 145.8 150.3 156.5 161.8 166.8 170.5 170.5 164.5 166.0 166.6 166.4 168.1 168.4 169.8 171.4 172.3 171.7 172.2 170.6 167.4 163.6 163.2 164.1 167.1 142.2 143.4 146.2 150.6 156.8 162.0 167.1 171.0 170.7 164.6 166.4 166.8 166.7 168.4 168.8 170.3 172.0 172.8 172.0 172.6 170.8 167.5 163.7 163.2 164.1 167.2 121.0 118.4 115.6 114.7 116.1 118.0 120.4 120.9 118.4 110.1 119.8 120.1 120.6 121.1 121.1 121.3 120.7 120.6 120.3 119.8 118.2 115.4 112.6 110.3 108.7 108.8 121.7 119.3 116.3 115.5 117.0 118.9 121.5 122.1 119.4 110.9 120.9 121.1 121.7 122.1 122.1 122.5 122.0 121.7 121.3 120.8 119.3 116.3 113.4 111.1 109.6 109.7 134.6 140.9 145.3 152.3 157.6 163.8 170.1 177.3 182.5 186.0 168.4 169.0 169.7 173.5 175.2 176.3 177.7 179.9 180.3 181.0 183.6 185.4 183.5 186.8 186.8 187.1 134.1 140.1 144.5 151.4 156.6 162.8 169.0 176.1 181.4 185.0 167.1 167.9 168.6 172.5 174.3 174.9 176.2 178.8 179.3 179.7 182.4 184.4 182.5 185.9 185.7 186.0 111.9 114.0 115.6 118.6 119.5 120.2 120.8 122.4 121.4 124.2 120.8 120.3 119.6 122.7 122.7 122.2 122.5 122.3 121.2 120.3 120.3 124.1 123.6 125.4 124.3 123.4 111.5 113.3 115.0 117.9 118.7 119.4 120.0 121.6 120.7 123.5 119.9 119.5 118.9 122.0 122.1 121.3 121.5 121.5 120.5 119.5 119.5 123.5 122.9 124.8 123.6 122.7 114.8 116.7 115.1 116.2 116.9 119.5 122.8 125.7 126.8 124.5 121.5 121.8 123.0 125.0 126.0 125.9 125.1 126.0 126.3 125.8 127.2 127.8 126.2 126.2 123.8 121.8 114.8 116.5 115.0 116.2 116.8 119.5 122.9 125.7 126.9 124.7 121.5 122.0 123.0 125.0 126.0 125.8 125.0 125.9 126.4 125.9 127.4 128.1 126.4 126.4 124.0 122.1 112.6 114.6 115.5 117.1 120.2 124.1 127.7 131.0 133.0 134.3 126.4 127.4 128.3 128.7 130.0 130.9 131.4 131.9 132.1 132.5 134.0 133.6 134.3 134.2 134.3 134.3 113.2 115.1 116.1 117.6 120.4 124.7 128.5 131.5 133.5 135.2 127.1 128.3 129.1 129.3 130.5 131.4 131.7 132.2 132.3 132.9 134.4 134.3 135.2 135.1 135.2 135.1 3.9 1.5 ¥1.3 1.1 .5 2.3 2.8 2.3 1.0 ¥1.7 ¥.8 3.6 2.8 2.6 2.6 1.5 3.5 6.6 3.4 ¥.8 ¥2.5 3.1 1.6 ¥1.9 4.9 2.2 ¥5.0 .1 ¥7.6 ¥5.9 1.8 1.8 .8 1.4 2.6 3.2 2.9 2.6 1.5 .9 3.3 2.7 4.5 3.5 2.0 3.2 2.9 1.3 4.0 2.8 1.4 1.6 .6 1.4 4.3 ¥1.0 2.1 ¥.3 .1 .1 1.9 1.7 .9 1.3 2.4 3.5 3.0 2.3 1.5 1.3 3.7 2.9 4.6 3.6 2.2 3.6 2.6 .9 3.6 2.7 1.1 1.4 .5 1.6 4.6 ¥.2 2.7 ¥.3 .4 ¥.4 Percent change; quarterly data at seasonally adjusted annual rates hsrobinson on DSK69SOYB1PROD with HEARING 2000 ........................ 2001 ........................ 2002 ........................ 2003 ........................ 2004 ........................ 2005 r ....................... 2006 r ....................... 2007 r ....................... 2008 r ....................... 2009 r ....................... 2005: I r .................. II r ................ III r ............... IV r ............... 2006: I r .................. II r ................ III r ............... IV r ............... 2007: I r .................. II r ................ III r ............... IV r ............... 2008: I r .................. II r ................ III r ............... IV r ............... 2009: I r .................. II r ................ III r ............... IV r* ............. 3.5 3.0 4.5 3.8 2.9 1.7 1.0 1.8 2.1 3.8 3.3 ¥1.6 3.4 .3 2.7 .4 ¥2.2 2.6 .7 2.9 5.7 2.4 ¥.2 2.9 1.4 2.1 .9 7.6 8.0 7.2 3.4 2.9 4.6 3.7 2.8 1.7 1.0 1.8 2.0 3.8 4.0 ¥.9 3.0 ¥.1 2.7 .3 ¥1.9 2.9 .9 2.2 5.7 2.9 ¥.5 3.0 1.1 2.2 .9 7.6 7.8 6.9 4.5 .8 2.0 3.1 4.2 3.4 3.1 2.2 .0 ¥3.5 4.5 1.7 3.7 2.3 6.5 1.4 ¥.4 4.0 .8 3.5 3.7 2.1 ¥1.3 1.1 ¥3.7 ¥7.2 ¥8.7 ¥1.0 2.2 7.5 4.4 .9 1.9 3.0 4.1 3.4 3.1 2.3 ¥.1 ¥3.6 4.8 1.6 3.7 2.4 6.8 1.0 ¥.1 4.2 .9 3.7 3.9 1.8 ¥1.7 1.3 ¥4.0 ¥7.6 ¥8.8 ¥1.1 2.2 7.6 1.0 ¥2.1 ¥2.4 ¥.7 1.2 1.6 2.1 .4 ¥2.1 ¥7.0 1.2 3.3 .3 2.0 3.7 1.1 1.8 1.5 .1 .5 ¥1.9 ¥.3 ¥1.1 ¥1.8 ¥5.0 ¥9.1 ¥9.5 ¥8.0 ¥5.3 .3 1.0 ¥2.0 ¥2.5 ¥.6 1.3 1.7 2.1 .5 ¥2.1 ¥7.1 .8 2.5 .7 2.5 4.1 .7 1.8 1.2 .0 1.5 ¥1.6 ¥1.0 ¥1.2 ¥1.6 ¥5.0 ¥9.6 ¥9.6 ¥8.1 ¥5.3 .6 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 1978–2008 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 4.0 3.8 4.2 3.0 1.0 2.8 1.7 6.2 3.0 5.6 1.3 1.6 9.3 4.1 2.4 3.2 5.1 .9 1.4 5.9 4.1 ¥4.1 7.5 .0 .6 7.4 4.5 3.2 4.8 3.4 4.0 3.8 4.2 3.0 2.0 3.2 2.7 5.9 2.5 5.3 1.8 1.6 9.7 4.3 1.4 3.0 6.0 1.1 1.1 6.0 4.5 ¥4.2 7.7 ¥.4 .6 3.9 1.8 1.5 2.5 .8 .6 .5 1.3 ¥.8 2.3 .8 ¥.8 .2 ¥1.4 3.5 ¥1.8 ¥2.1 10.5 .3 ¥1.7 .9 ¥.6 ¥3.5 ¥3.0 ¥.2 13.5 ¥1.8 6.1 ¥3.5 ¥2.7 4.0 1.6 1.5 2.5 .7 .6 .5 1.3 ¥.8 2.3 1.2 .1 .0 ¥1.9 3.3 ¥1.4 ¥2.1 10.9 .4 ¥2.7 .6 .2 ¥3.3 ¥3.3 ¥.1 14.0 ¥1.9 6.3 ¥3.8 ¥2.8 3.7 1.7 ¥1.3 .9 .6 2.2 2.8 2.4 .8 ¥1.8 ¥.5 3.3 2.7 2.7 2.8 1.0 3.9 6.6 3.4 ¥.5 ¥2.3 2.7 1.1 ¥1.5 4.5 1.9 ¥5.0 ¥.1 ¥7.4 ¥6.2 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 February 26, 2010. Source: Department of Labor, Bureau of Labor Statistics. 16 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00016 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.016 ECOIND PRODUCTION AND BUSINESS ACTIVITY INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production and capacity utilization rose in January. [Monthly data seasonally adjusted] Percent hsrobinson on DSK69SOYB1PROD with HEARING Period 2000 ....................... 2001 ....................... 2002 ....................... 2003 ....................... 2004 ....................... 2005 ....................... 2006 ....................... 2007 ....................... 2008 ....................... 2009 r ...................... 2009: Jan ............. Feb ............. Mar ............. Apr ............. May ............ June ........... July ............ Aug r ............ Sept r ........... Oct r ............ Nov r ............ Dec r ............ 2010: Jan p ............ Index, 2002=100 103.7 100.1 100.0 101.3 103.8 107.2 109.7 111.3 108.8 98.2 100.1 99.3 97.7 97.2 96.2 95.8 96.9 98.1 98.7 98.9 99.5 100.1 101.1 From preceding month .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. ¥2.2 ¥.8 ¥1.6 ¥.5 ¥1.1 ¥.5 1.2 1.2 .6 .2 .6 .7 .9 Industry production indexes, 2002=100 change 2 From year earlier 4.2 ¥3.4 ¥.1 1.3 2.5 3.3 2.3 1.5 ¥2.2 ¥9.8 ¥10.9 ¥11.3 ¥12.5 ¥12.4 ¥13.1 ¥13.3 ¥12.2 ¥10.1 ¥5.9 ¥6.8 ¥5.1 ¥2.2 .9 Capacity utilization rate (output as percent of capacity) 1 Manufacturing Total 1 Durable 104.4 100.1 100.0 101.3 104.3 108.5 111.2 112.7 109.1 96.7 97.8 97.7 96.1 95.7 94.8 94.4 95.9 97.1 97.7 97.6 98.5 98.5 99.4 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 105.2 100.4 100.0 102.7 107.0 112.8 117.8 120.2 116.3 96.8 99.9 98.7 96.4 95.7 93.7 92.9 96.3 97.4 98.3 98.1 99.0 99.1 100.5 102.2 98.9 100.0 100.1 102.0 104.8 105.7 106.7 103.6 97.8 96.7 97.7 96.9 97.0 97.1 97.2 97.1 98.3 98.7 98.8 99.7 99.5 100.2 Other (nonNAICS) 1 Mining 112.6 105.7 100.0 97.1 97.9 97.6 96.6 95.3 89.9 75.7 81.4 80.4 76.1 75.1 74.4 74.4 73.6 74.0 74.4 74.0 75.5 75.1 75.1 Utilities Total industry 104.2 104.8 100.0 100.2 99.6 98.3 101.5 102.1 104.2 97.9 102.8 101.3 98.7 96.1 95.1 93.7 95.1 97.0 96.8 96.8 98.8 98.7 99.4 97.4 97.0 100.0 101.9 103.3 105.4 104.8 108.3 108.6 106.4 111.5 106.4 106.1 106.4 104.3 103.8 102.8 103.4 104.1 106.8 103.6 110.1 110.9 81.7 76.1 74.6 75.8 77.9 80.1 80.9 80.6 77.6 70.1 71.1 70.6 69.5 69.2 68.5 68.3 69.2 70.1 70.6 70.9 71.3 71.9 72.6 Total manufacturing 80.1 73.8 72.7 73.7 76.2 78.6 79.4 79.0 75.1 66.8 67.1 67.1 66.0 65.8 65.3 65.1 66.2 67.1 67.6 67.6 68.4 68.4 69.2 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. 17 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00017 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.017 ECOIND G:\graphics\eecoind.017 Total industrial production 1 INDUSTRIAL PRODUCTION—MAJOR MARKET GROUPS AND SELECTED MANUFACTURES [2002=100; monthly data seasonally adjusted] Products and nonindustrial supplies Materials Final products Nonindustrial supplies Consumer goods Equipment Durable goods Business equipment Period Total Total Nondurable goods Total 1 Defense and space equipment Total Construction supplies Business supplies Total 1 Energy 2000 ............................................................ 2001 ............................................................ 2002 ............................................................ 2003 ............................................................ 2004 ............................................................ 2005 ............................................................ 2006 ............................................................ 2007 ............................................................ 2008 ............................................................ 2009 r .......................................................... 102.8 100.8 100.0 101.3 103.4 107.6 110.3 111.9 109.7 101.6 99.1 98.1 100.0 101.4 102.7 105.4 105.8 106.8 104.0 98.7 99.0 94.7 100.0 103.4 104.9 105.4 104.3 104.7 94.4 78.3 99.2 99.4 100.0 100.6 101.8 105.3 106.2 107.4 106.9 104.8 111.9 107.7 100.0 101.0 105.5 113.5 122.5 125.8 125.4 109.3 114.7 108.0 100.0 100.0 105.3 112.6 123.2 126.4 125.0 109.2 91.3 100.0 100.0 106.7 104.7 115.8 113.4 117.6 120.6 120.9 105.2 100.7 100.0 101.1 103.3 107.1 108.7 108.9 104.6 91.4 105.0 100.1 100.0 99.7 102.0 106.6 109.0 106.9 100.1 82.2 105.2 101.0 100.0 101.7 103.8 107.3 108.5 109.9 106.7 95.8 104.0 99.1 100.0 101.3 104.5 107.0 109.5 111.7 109.6 97.5 101.5 100.3 100.0 100.0 99.6 98.4 100.0 101.8 103.6 100.8 2009: Jan .................................................. Feb .................................................. Mar ................................................. Apr .................................................. May ................................................. June ................................................ July ................................................. Aug r ................................................ Sept r ................................................ Oct r ................................................. Nov r ................................................ Dec r ................................................. 103.4 102.7 101.6 100.7 99.5 98.9 100.1 101.3 102.1 102.9 102.6 103.5 98.6 98.7 98.3 97.9 96.9 96.3 97.3 98.5 99.5 100.3 100.0 100.7 74.6 76.1 76.1 76.2 74.1 72.7 78.8 80.4 83.0 82.3 84.0 83.4 105.9 105.5 105.0 104.4 103.8 103.5 102.8 103.8 104.3 105.7 104.7 105.8 116.7 113.6 110.3 108.2 106.2 105.7 107.3 108.7 108.9 109.4 109.3 110.6 115.7 113.6 110.6 108.5 106.2 105.8 107.3 108.8 108.6 109.2 108.9 110.3 120.5 118.4 119.2 119.0 119.7 119.8 122.0 123.1 124.8 123.6 122.4 121.7 94.7 93.2 91.4 91.1 90.5 90.5 90.7 91.0 90.8 90.5 91.3 91.8 85.8 84.6 82.7 82.0 82.1 82.1 82.5 82.9 81.8 80.6 81.9 80.5 98.9 97.3 95.6 95.5 94.5 94.6 94.7 94.9 95.1 95.3 95.8 97.2 99.0 98.5 96.5 96.2 95.2 94.7 96.4 97.9 98.5 98.4 99.7 100.2 103.6 102.2 101.3 100.1 99.0 98.0 98.2 99.8 100.6 100.7 101.0 102.5 2010: Jan p ................................................ 104.7 101.8 85.6 106.6 112.1 111.4 123.5 92.4 81.2 97.7 101.0 102.7 1 Includes other items, not shown separately. [2002=100; monthly data seasonally adjusted] Durable manufactures Primary metals Period hsrobinson on DSK69SOYB1PROD with HEARING Total Iron and steel products Nondurable manufactures Computer and electronic products Fabricated metal products Machinery Total Selected hightechnology 1 Transportation equipment Total Motor vehicles and parts Apparel Printing and support Chemical Food 2000 ............................................................ 2001 ............................................................ 2002 ............................................................ 2003 ............................................................ 2004 ............................................................ 2005 ............................................................ 2006 ............................................................ 2007 ............................................................ 2008 ............................................................ 2009 r .......................................................... 111.4 99.5 100.0 99.1 110.0 108.0 112.6 110.0 102.4 67.6 110.8 96.8 100.0 101.2 118.2 110.1 119.3 115.8 105.2 60.4 110.7 102.6 100.0 98.7 98.9 103.4 109.0 112.1 110.1 89.5 117.7 104.2 100.0 99.7 103.7 110.2 115.5 116.4 109.4 85.7 101.4 103.3 100.0 114.3 129.9 144.5 163.8 176.7 192.9 173.7 98.3 101.3 100.0 120.5 137.9 158.8 189.1 213.7 238.0 205.1 99.7 96.2 100.0 101.0 100.7 104.5 104.2 106.1 96.1 79.4 99.9 91.4 100.0 103.5 103.7 103.9 100.2 97.4 83.3 59.8 148.0 126.9 100.0 92.8 79.8 76.9 75.3 76.5 72.6 62.3 113.1 106.3 100.0 96.2 96.9 99.2 99.8 100.6 93.9 80.2 95.0 93.4 100.0 101.3 105.6 109.3 112.7 114.1 108.8 103.8 97.7 97.7 100.0 101.0 101.1 104.2 105.4 109.5 111.1 110.7 2009: Jan .................................................. Feb .................................................. Mar ................................................. Apr .................................................. May ................................................. June ................................................ July ................................................. Aug r ................................................ Sept r ................................................ Oct r ................................................. Nov r ................................................ Dec r ................................................. 67.3 64.5 60.7 60.3 59.2 61.1 68.0 71.7 73.2 74.2 77.9 81.5 48.4 49.0 44.8 43.5 45.9 53.0 64.3 69.9 73.7 78.6 80.0 86.6 98.2 95.6 91.3 89.4 87.5 87.2 87.2 87.6 88.1 87.9 88.8 88.9 96.2 94.0 88.7 86.6 83.9 82.0 82.6 83.8 82.7 84.7 83.5 86.2 174.9 171.6 171.4 172.5 170.3 169.6 173.3 174.5 174.5 175.1 176.8 178.5 204.2 199.5 200.4 203.6 199.0 199.7 205.5 206.4 206.1 208.1 209.8 212.4 75.3 77.7 78.0 77.3 74.0 72.3 80.4 82.2 85.8 84.2 84.6 84.0 51.2 55.8 56.7 56.6 52.4 49.5 61.1 63.7 68.8 67.2 68.7 68.4 65.5 64.5 64.7 63.1 63.6 59.5 60.9 61.5 61.4 60.9 61.0 62.8 85.3 82.7 81.6 80.1 79.6 80.2 79.9 80.1 79.2 79.1 78.2 78.0 99.8 101.6 101.3 102.7 102.4 103.1 103.8 104.6 105.7 105.5 107.4 108.2 108.3 109.5 109.0 109.8 110.9 110.3 109.2 111.4 111.6 112.5 112.8 112.5 2010: Jan p ................................................ 81.9 85.8 89.6 86.3 181.1 216.4 86.3 71.8 64.8 77.3 109.0 114.4 1 Computers and peripheral equipment, communications equipment, and semiconductors and related electronic components. Source: Board of Governors of the Federal Reserve System. 18 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00018 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.018 ECOIND NEW CONSTRUCTION [Billions of dollars; monthly data at seasonally adjusted annual rates] Private Period 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 2000 .................................... 2001 .................................... 2002 .................................... 2003 .................................... 2004 .................................... 2005 .................................... 2006 .................................... 2007 .................................... 2008 .................................... 2009 r ................................... 802.8 840.2 847.9 891.5 991.6 1,102.7 1,167.6 1,150.7 1,072.1 937.2 621.4 638.3 634.4 675.4 771.4 868.5 912.2 861.6 766.2 620.1 346.1 364.4 396.7 446.0 532.9 611.9 613.7 493.2 350.1 251.6 265.0 279.4 298.8 345.7 417.5 480.8 468.8 354.1 229.9 135.6 275.3 273.9 237.7 229.3 238.5 256.6 298.4 368.4 416.1 368.5 16.3 14.5 10.5 9.9 12.0 12.7 17.6 27.5 35.4 25.1 52.4 49.7 35.3 30.6 32.9 37.3 45.7 53.8 57.1 40.4 64.1 63.6 59.0 57.5 63.2 66.6 73.4 85.9 81.5 53.6 37.6 37.8 22.7 21.4 23.7 29.9 35.1 45.3 60.8 74.2 104.9 108.2 110.2 109.9 106.8 110.2 126.7 155.9 181.4 175.2 181.3 201.9 213.4 216.1 220.2 234.2 255.4 289.1 306.0 317.1 2009: Jan .......................... Feb .......................... Mar .......................... Apr .......................... May ......................... June ........................ July ......................... Aug .......................... Sept ......................... Oct ........................... Nov r ......................... Dec r ......................... 974.3 970.4 966.7 971.4 958.3 945.1 934.2 925.5 910.5 923.9 900.8 889.6 673.8 660.9 650.4 654.1 639.8 619.5 608.4 605.2 590.5 606.6 590.6 580.7 278.8 260.8 248.9 252.7 241.4 237.0 237.3 244.7 243.2 271.8 265.0 257.5 162.6 147.9 139.2 130.7 123.4 125.4 131.0 133.4 134.0 134.5 134.4 134.9 395.1 400.1 401.5 401.5 398.4 382.6 371.2 360.5 347.2 334.8 325.6 323.2 29.2 29.1 31.2 30.2 28.4 27.4 24.3 23.2 21.6 20.0 18.5 17.5 49.0 48.4 48.1 43.7 44.1 42.1 40.0 39.3 35.3 34.6 32.1 32.8 66.7 66.5 65.0 62.1 58.8 53.5 51.8 48.8 48.0 44.0 44.0 44.2 77.3 81.3 82.0 84.1 85.4 78.6 77.6 72.6 67.9 67.8 63.9 57.8 172.9 174.7 175.3 181.3 181.8 180.9 177.4 176.6 174.3 168.4 167.2 170.8 300.4 309.5 316.3 317.2 318.5 325.6 325.8 320.4 320.0 317.3 310.1 308.9 2010: Jan p ......................... 884.1 577.3 260.8 132.4 316.4 15.8 32.3 44.0 55.1 169.3 306.9 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 r ..................................... New private houses 1,568.7 1,602.7 1,704.9 1,847.7 1,955.8 2,068.3 1,800.9 1,355.0 905.5 554.5 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 1,046.0 622.0 445.2 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 97.7 Units authorized 1,592.3 1,636.7 1,747.7 1,889.2 4 2,070.1 2,155.3 1,838.9 1,398.4 905.4 572.2 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 1,119.7 794.1 877 908 973 1,086 1,203 1,283 1,051 776 485 374 298 308 339 370 422 511 536 497 350 233 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: Jan ............................ Feb ............................ Mar ............................ Apr ............................ May ........................... June .......................... July ........................... Aug ............................ Sept ........................... Oct ............................. Nov r ........................... Dec r ........................... 488 574 521 479 551 590 593 581 586 524 579 575 357 357 361 388 409 478 506 481 508 471 492 477 13 13 31 11 9 11 15 6 9 4 9 13 118 204 129 80 133 101 72 94 69 49 78 85 531 550 511 498 518 570 564 580 575 551 589 653 778 828 833 846 812 794 785 785 723 750 850 752 329 354 332 345 371 399 419 408 391 r 400 362 348 340 328 313 300 293 280 270 262 252 242 236 233 ...................... ...................... 10.1 ...................... ...................... 10.6 ...................... ...................... 11.1 ...................... ...................... 10.7 2010: Jan p ........................... 591 484 7 100 622 659 309 234 ...................... hsrobinson on DSK69SOYB1PROD with HEARING 1 Derived; seasonally adjusted monthly data for 2–4 units are no longer published. 2 Seasonally adjusted. 3 Revised 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. NOTE.—Beginning 2004, units authorized are for 20,000 permit-issuing places. For other data shown, units authorized are for 19,000 places. Beginning 1999, housing starts, completions, and sales are not directly comparable with earlier data due to new estimation methods. Source: Department of Commerce, Bureau of the Census. 19 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00019 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.019 ECOIND BUSINESS SALES AND INVENTORIES—Manufacturing and Trade In December, according to current estimates, manufacturing and trade sales rose 0.9 percent and inventories fell $3.8 billion. According to advance estimates, retail sales rose 0.5 percent in January. Retail and food services sales also rose 0.5 percent. [Millions of dollars, except ratios; seasonally adjusted, except as noted] Manufacturing and trade 1 Sales 2 Inventories 3 2000 ........................................................... 2001 ........................................................... 2002 ........................................................... 2003 ........................................................... 2004 ........................................................... 2005 ........................................................... 2006 ........................................................... 2007 ........................................................... 2008 ........................................................... 2009 p ........................................................ 834,325 818,615 823,714 853,596 923,319 1,000,368 1,064,187 1,102,196 1,136,984 r 992,146 1,198,022 1,120,422 1,140,904 1,147,981 1,239,685 1,306,598 1,390,670 1,446,313 r1,452,084 1,310,167 2008: Dec r ............................................... 993,696 2009: Jan r ............................................... Feb ................................................. Mar ................................................ Apr ................................................ May ................................................ June ............................................... July ................................................ Aug ................................................. Sept ................................................ Oct ................................................. Nov r ............................................... Dec p ............................................... 983,203 986,065 969,020 968,183 967,835 977,786 981,770 993,217 994,916 1,006,760 1,030,775 r 1,039,999 Inventorysales ratio 4 Sales 2 Inventories 3 1.41 1.43 1.36 1.34 1.30 1.27 1.28 1.28 1.32 1.36 234,546 232,096 236,294 246,857 274,710 297,915 323,396 345,871 375,059 320,596 309,462 297,927 301,891 307,642 337,983 362,451 392,291 416,632 427,008 383,570 1,452,084 1.46 322,616 1,437,899 1,417,350 1,399,094 1,381,276 1,364,131 1,344,127 1,329,165 1,308,296 1,303,701 1,307,801 1,313,965 1,310,167 1.46 1.44 1.44 1.43 1.41 1.37 1.35 1.32 1.31 1.30 1.27 1.26 317,731 318,491 310,723 310,742 312,050 312,941 314,709 318,069 322,169 326,645 338,303 341,155 Retail Inventory sales ratio 4 page 21 for manufacturing. 2 Annual data are averages of monthly not seasonally adjusted figures; monthly data are seasonally adjusted totals for month. 3 Seasonally adjusted, end of period. 1.29 1.32 1.26 1.23 1.18 1.18 1.17 1.16 1.17 1.24 249,063 255,644 261,194 272,123 289,528 307,280 322,461 332,902 329,996 r 306,933 406,887 394,775 416,289 432,372 461,372 471,749 487,514 499,724 r483,309 432,162 1.59 1.58 1.55 1.56 1.56 1.51 1.50 1.49 1.52 1.46 274,518 282,131 288,845 301,264 320,526 340,057 357,284 369,385 367,741 r 344,922 427,008 1.32 297,634 483,309 1.62 335,498 425,915 418,539 411,092 405,599 400,795 392,493 386,330 381,146 378,281 380,574 386,662 383,570 1.34 1.31 1.32 1.31 1.28 1.25 1.23 1.20 1.17 1.17 1.14 1.12 301,722 304,889 301,057 300,117 301,595 304,728 304,450 312,879 305,865 309,821 316,424 r 316,117 476,498 470,939 466,501 460,035 452,031 446,625 442,242 430,601 432,861 432,830 432,035 432,162 1.58 1.54 1.55 1.53 1.50 1.47 1.45 1.38 1.42 1.40 1.37 1.37 339,778 343,438 339,228 338,344 339,873 342,912 342,489 350,800 343,687 347,641 354,467 r 354,085 317,573 ................ ................ 355,777 4 Annual data are averages of seasonally adjusted monthly ratios. Source: Department of Commerce, Bureau of the Census. 20 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00020 Fmt 3401 Retail and food services sales 2 Inventories 3 2010: Jan p ............................................... .................. .................. ................ ................ ................ ................ 1 See Inventory sales ratio 4 Sales 2 Sfmt 3401 E:\HR\OC\ECOIND.020 ECOIND G:\graphics\eecoind.020 hsrobinson on DSK69SOYB1PROD with HEARING Period Wholesale MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS In January, manufacturers’ shipments, inventories and new orders rose; while unfilled orders were about unchanged. 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 350,715 330,875 326,227 334,616 359,081 395,173 418,330 423,423 431,929 364,616 363,750 362,685 357,240 357,324 354,190 360,117 362,611 362,269 366,882 370,294 376,048 382,727 383,722 197,807 181,201 176,968 178,549 188,722 202,070 213,408 213,572 207,801 174,602 177,696 176,094 173,884 173,480 169,440 169,672 174,982 172,366 174,914 175,345 176,772 180,942 180,217 152,908 149,674 149,259 156,067 170,359 193,103 204,923 209,851 224,128 190,015 186,054 186,591 183,356 183,844 184,750 190,445 187,629 189,903 191,968 194,949 199,276 201,785 203,505 481,673 427,720 422,724 407,967 440,330 472,398 510,865 529,957 541,767 494,435 535,486 527,872 521,501 515,642 511,305 505,009 500,593 496,549 492,559 494,397 495,268 494,435 495,186 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. 306,727 267,533 260,265 246,712 264,794 283,220 309,320 319,923 342,699 302,714 338,475 334,112 328,422 324,569 320,714 315,984 312,367 308,133 305,056 304,023 303,298 302,714 302,634 174,946 160,187 162,459 161,255 175,536 189,178 201,545 210,034 199,068 191,721 197,011 193,760 193,079 191,073 190,591 189,025 188,226 188,416 187,503 190,374 191,970 191,721 192,552 346,789 322,746 316,809 330,369 354,619 395,401 419,793 427,597 429,343 353,921 345,563 347,187 341,319 343,818 348,109 350,431 356,836 353,923 360,153 363,047 366,688 372,285 378,446 193,881 173,072 167,550 174,302 184,261 202,298 214,871 217,746 205,216 163,907 159,509 160,596 157,963 159,974 163,359 159,986 169,207 164,020 168,185 168,098 167,412 170,500 174,941 69,278 58,246 51,817 52,894 56,094 65,770 71,725 74,288 69,132 52,534 49,783 49,733 49,773 48,324 52,945 52,369 57,030 52,185 54,383 55,458 53,808 55,000 56,685 549,445 514,262 462,056 477,557 496,395 572,827 660,243 772,982 798,967 717,672 784,714 772,059 759,101 749,752 747,473 740,349 739,445 735,313 732,138 729,336 724,054 717,672 717,761 1.35 1.38 1.28 1.24 1.19 1.16 1.19 1.23 1.28 1.39 1.47 1.46 1.46 1.44 1.44 1.40 1.38 1.37 1.34 1.34 1.32 1.29 1.29 Total and durable shipments and inventories include data on semiconductors; new and unfilled orders do not. Source: Department of Commerce, Bureau of the Census. 21 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00021 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.021 ECOIND g:\graphics\eecoind.021 hsrobinson on DSK69SOYB1PROD with HEARING 2000 .................................................... 2001 .................................................... 2002 .................................................... 2003 .................................................... 2004 .................................................... 2005 .................................................... 2006 .................................................... 2007 .................................................... 2008 .................................................... 2009 r ................................................... 2009: Jan ........................................... Feb ........................................... Mar .......................................... Apr ........................................... May .......................................... June ......................................... July .......................................... Aug .......................................... Sept .......................................... Oct ........................................... Nov .......................................... Dec r ......................................... 2010: Jan p ......................................... PRICES PRODUCER PRICES The producer price index for all finished goods rose 1.4 percent in January. Prices of finished consumer foods rose 0.4 percent, while prices of other finished consumer goods rose 2.2 percent. Capital equipment prices rose 0.3 percent. (Series revised.) [1982=100; monthly data seasonally adjusted] Period Finished goods excluding consumer foods Total finished goods Consumer foods Total 138.0 140.7 138.9 143.3 148.5 155.7 160.4 166.6 177.1 172.6 171.2 170.9 169.6 170.6 170.6 173.7 171.6 174.1 173.3 174.0 176.6 177.3 179.8 137.2 141.3 140.1 145.9 152.7 155.7 156.7 167.0 178.3 175.5 178.1 175.4 174.0 176.7 174.2 176.0 173.7 174.3 174.3 176.9 177.7 180.0 180.7 138.1 140.4 138.3 142.4 147.2 155.5 161.0 166.2 176.6 171.2 168.8 169.1 167.8 168.4 169.0 172.4 170.3 173.2 172.3 172.5 175.6 175.9 178.7 Consumer goods hsrobinson on DSK69SOYB1PROD with HEARING Total 2000 ........................... 2001 ........................... 2002 .......................... 2003 .......................... 2004 .......................... 2005 .......................... 2006 .......................... 2007 .......................... 2008 .......................... 2009 p ........................ 2009: Jan r ............... Feb r .............. Mar r .............. Apr r ............... May r .............. June r ............. July r .............. Aug r ............... Sept r .............. Oct r ................ Nov r ............... Dec r ............... 2010: Jan ................ 1 Intermediate Intermediate materials 138.4 141.4 138.8 144.7 150.9 161.9 169.2 175.6 189.1 179.6 175.7 176.1 174.2 175.1 176.1 181.0 177.9 182.2 180.9 181.7 186.1 186.7 190.9 Durable Nondurable 133.9 134.0 133.0 133.1 135.0 136.6 136.9 138.3 141.2 144.3 143.6 143.9 143.9 144.4 144.5 145.4 144.7 145.4 144.7 143.4 144.3 144.1 144.6 materials for food manufacturing and feeds. Capital equipment 138.7 142.8 139.8 148.4 156.6 172.0 182.6 191.7 210.5 194.3 188.5 188.9 186.0 187.2 188.6 195.5 191.2 197.3 195.6 197.5 203.6 204.6 210.6 138.8 139.7 139.1 139.5 141.4 144.6 146.9 149.5 153.8 156.8 157.1 157.0 157.0 157.0 156.8 157.2 157.0 157.5 157.2 156.4 157.0 156.9 157.3 Total finished consumer goods Total Foods and feeds 1 Other Total Foodstuffs and feedstuffs Other 138.2 141.5 139.4 145.3 151.7 160.4 166.0 173.5 186.3 179.2 176.9 176.5 174.8 176.1 176.3 180.4 177.5 180.9 179.9 181.2 184.7 185.7 189.0 129.2 129.7 127.8 133.7 142.6 154.0 164.0 170.7 188.3 172.6 172.1 170.7 168.4 168.6 169.4 171.3 170.4 173.3 173.3 174.3 176.4 177.4 180.5 111.7 115.9 115.5 125.9 137.1 133.8 135.2 154.4 181.6 165.9 166.8 165.1 163.7 164.6 166.3 168.2 164.6 165.1 165.7 165.8 167.1 170.1 169.6 130.1 130.5 128.5 134.2 143.0 155.1 165.4 171.5 188.7 173.1 172.6 171.2 168.8 169.0 169.7 171.6 171.0 174.1 174.1 175.1 177.2 178.1 181.5 120.6 121.0 108.1 135.3 159.0 182.2 184.8 207.1 251.8 175.0 171.2 160.7 159.7 163.5 168.7 175.9 170.1 177.8 173.9 184.5 193.9 195.4 214.2 100.2 106.1 99.5 113.5 127.0 122.7 119.3 146.7 163.4 134.4 138.7 134.3 131.7 137.1 136.7 134.9 128.5 129.3 127.9 135.0 136.7 141.1 145.6 130.4 126.8 111.4 148.2 179.2 223.4 230.6 246.3 313.9 197.1 186.4 170.9 171.6 173.5 183.6 198.8 194.1 207.9 201.8 214.7 230.8 229.4 260.0 Note.—Data revised to reflect annual revisions. Source: Department of Labor, Bureau of Labor Statistics. 22 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00022 Fmt 3401 Sfmt 3401 Crude materials E:\HR\OC\ECOIND.022 ECOIND G:\GRAPHICS\eecoind.022 Finished goods CONSUMER PRICES—ALL URBAN CONSUMERS In January, the consumer price index for all urban consumers rose 0.2 percent; it rose 0.3 percent not seasonally adjusted. The index was 2.6 percent above its year-earlier level. (Series revised.) [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: Jan r ........... Feb r ........... Mar r ........... Apr r ........... May r .......... June r ......... July r .......... Aug r ........... Sept r .......... Oct r ............ Nov r ........... Dec r ........... 211.143 212.193 212.709 213.240 213.856 215.693 215.351 215.834 215.969 216.177 216.330 215.949 211.959 212.877 212.643 212.810 213.050 214.558 214.774 215.566 215.911 216.357 216.859 217.224 255.418 255.745 256.219 256.542 256.878 257.000 256.999 257.226 256.942 256.952 256.721 256.708 179.848 186.544 181.221 179.107 179.862 193.214 194.149 201.267 202.380 203.606 208.041 209.699 2010: Jan ............ 216.687 217.587 218.339 216.185 248.029 248.885 Period hsrobinson on DSK69SOYB1PROD with HEARING All items less food and energy Not seasonally adjusted (NSA) Food Total 1 Total 1 219.147 218.926 218.593 218.330 217.906 217.886 217.358 217.419 217.262 217.335 217.482 217.801 217.525 217.606 217.400 217.257 217.078 216.929 216.727 216.805 216.721 216.926 216.881 216.880 248.895 248.954 248.994 249.375 249.637 249.715 249.463 249.643 249.558 249.644 249.173 249.216 Rent of primary residence 247.715 248.101 248.508 248.869 249.159 249.295 249.247 249.218 249.133 248.946 248.786 248.788 1 Includes items not shown separately. 2 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. excluded beginning 1983. Owners’ equivalent rent (12/82= 100) Fuels and utilities 216.506 216.604 214.468 211.190 208.458 206.983 206.814 207.457 207.380 209.288 211.881 211.685 Apparel 118.564 119.759 119.829 119.527 119.468 120.172 120.665 120.608 120.894 120.555 120.247 120.684 Total 1 168.675 172.184 170.321 170.677 172.263 179.469 180.592 184.037 185.514 187.266 189.647 191.018 Motor fuel 165.956 180.006 171.600 171.353 176.448 206.455 208.886 223.329 225.955 226.620 232.878 236.762 Medical care 369.878 371.255 372.104 373.408 374.426 375.146 375.774 376.896 378.409 379.184 380.212 380.732 256.509 212.757 120.613 193.593 248.088 382.737 Energy 2 217.249 217.674 218.086 218.617 218.920 219.265 219.533 219.687 220.035 220.459 220.546 220.764 215.536 220.463 3 Relative importance, December 2009. Note.—Data revised to reflect annual revisions. Source: Department of Labor, Bureau of Labor Statistics. 23 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00023 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.023 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 Excluding foods Capital equipment Change from year earlier, total finished goods NSA Total finished goods Foods Excluding foods Capital equipment Total finished goods Foods Excluding foods Capital equipment 1.2 0 ¥.6 .8 2.4 1.2 2.3 1.4 4.3 .0 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ¥21.4 ¥3.1 3.8 ¥1.4 .0 16.6 6.6 14.6 ¥.2 8.8 8.8 13.5 1.8 1.5 .3 ¥.3 ¥.5 .5 .0 1.8 .0 ¥1.5 ¥1.3 ¥.8 ¥13.1 ¥11.7 ¥13.2 ¥7.4 ¥2.0 5.1 .5 3.8 4.4 4.0 7.2 4.2 ¥3.1 ¥6.5 ¥8.2 ¥5.1 ¥6.9 ¥2.2 ¥4.9 ¥1.3 .3 .2 4.1 4.6 ¥23.0 ¥19.5 ¥21.1 ¥11.9 ¥1.6 10.0 2.5 7.0 7.8 7.7 11.7 6.4 3.8 2.9 2.2 .8 .5 .4 ¥.1 .6 .3 ¥.8 .3 ¥.4 ¥0.9 ¥1.4 ¥3.4 ¥3.5 ¥4.8 ¥4.4 ¥6.9 ¥4.4 ¥4.9 ¥1.9 2.4 4.4 21.8 2.3 9.8 8.2 15.1 .4 4.6 Change, Dec. to Dec., NSA 2000 ................. 2001 ................. 2002 ................. 2003 ................. 2004 ................. 2005 ................. 2006 ................. 2007 ................. 2008 ................. 2009 p ............... 3.6 ¥1.6 1.2 4.0 4.2 5.4 1.1 6.2 ¥.9 4.4 1.7 1.8 ¥.6 7.7 3.1 1.7 1.7 7.6 3.2 1.1 5.5 ¥3.9 2.9 4.1 5.5 8.8 .4 7.7 ¥4.8 7.6 3.8 2.0 ¥1.3 3.2 3.6 4.8 3.0 3.9 6.3 ¥2.5 Change, month to month 2009: Jan r ...... Feb r ...... Mar r ..... Apr r ...... May r ..... June r .... July r ..... Aug r ..... Sept r ..... Oct r ...... Nov r ...... Dec r ...... 1.1 ¥.2 ¥.8 .6 .0 1.8 ¥1.2 1.5 ¥.5 .4 1.5 .4 0.1 ¥1.5 ¥.8 1.6 ¥1.4 1.0 ¥1.3 .3 .0 1.5 .5 1.3 1.8 .2 ¥1.1 .5 .6 2.8 ¥1.7 2.4 ¥.7 .4 2.4 .3 0.1 ¥.1 .0 .0 ¥.1 .3 ¥.1 .3 ¥.2 ¥.5 .4 ¥.1 ¥13.1 ¥3.2 .5 ¥1.4 ¥.7 10.0 2.4 8.5 ¥.9 5.7 5.9 9.6 ¥7.1 ¥10.8 ¥8.7 ¥3.1 ¥2.7 4.7 ¥6.6 .2 ¥3.8 7.6 8.0 13.7 2010: Jan ....... 1.4 .4 2.2 .3 14.0 8.9 Note.—See Note, p. 22. 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 0.1 .4 .3 .3 .4 .4 .5 ¥1.4 .5 1.4 1.0 ¥.2 ¥.8 5.5 8.5 ¥4.7 ¥.1 3.0 17.0 1.2 6.9 1.2 .3 2.8 1.7 4.8 0.4 .4 .2 .4 .3 .2 .2 .3 .4 .2 .3 .1 .5 1.8 3.7 ¥2.9 ¥1.2 .4 7.4 .5 3.7 .6 .6 2.2 .8 2.8 0.2 .2 .2 .2 .1 .2 .1 .1 .2 .2 .0 .1 ¥.1 .......... .......... ¥2.2 .......... .......... 1.9 .......... .......... 3.7 .......... .......... 2.6 .......... ¥8.7 ¥.1 2.5 1.6 .3 3.7 3.7 4.8 2.5 3.0 2.4 2.5 2.3 ¥6.4 ¥5.3 ¥5.6 ¥3.7 .1 3.1 2.7 2.5 3.1 3.4 3.6 2.5 2.6 0.0 .2 ¥.4 ¥.7 ¥1.3 ¥1.4 ¥2.1 ¥1.5 ¥1.3 ¥.2 1.8 2.7 2.6 hsrobinson on DSK69SOYB1PROD with HEARING Change, month to month 2009: Jan r .............. Feb r .............. Mar r .............. Apr r .............. May r ............. June r ............ July r ............. Aug r .............. Sept r ............. Oct r ............... Nov r .............. Dec r .............. 2010: Jan ............... 0.3 .4 ¥.1 .1 .1 .7 .1 .4 .2 .2 .2 .2 .2 0.1 ¥.1 ¥.2 ¥.1 ¥.2 .0 ¥.2 .0 ¥.1 .0 .1 .1 .2 0.0 .0 ¥.1 ¥.1 ¥.1 ¥.1 ¥.1 .0 .0 .1 .0 .0 ¥.3 0.2 .0 .0 .2 .1 .0 ¥.1 .1 .0 .0 ¥.2 .0 ¥.5 0.3 .2 .2 .1 .1 .1 .0 .0 .0 ¥.1 ¥.1 .0 .0 0.2 .1 .2 .1 .1 .0 .0 .1 ¥.1 .0 ¥.1 .0 ¥.1 ¥0.7 .0 ¥1.0 ¥1.5 ¥1.3 ¥.7 ¥.1 .3 .0 .9 1.2 ¥.1 .5 0.2 1.0 .1 ¥.3 .0 .6 .4 .0 .2 ¥.3 ¥.3 .4 ¥.1 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 1.3 2.1 ¥1.1 .2 .9 4.2 .6 1.9 .8 .9 1.3 .7 1.3 3 Quarterly changes are shown in the last month of the quarter. Note.—See Note, p. 23. Source: Department of Labor, Bureau of Labor Statistics. 24 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00024 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.024 ECOIND PRICES RECEIVED AND PAID BY FARMERS In February, prices paid by farmers rose 0.5 percent and prices received by farmers fell 4.3 percent. (Data are not seasonally adjusted.) [1990–92=100; not seasonally adjusted] Prices received by farmers hsrobinson on DSK69SOYB1PROD with HEARING 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 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 .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. 96 102 98 106 118 114 115 136 149 131 96 99 105 110 115 110 120 142 169 150 97 106 90 103 122 119 111 130 130 112 119 123 124 128 134 142 150 161 183 179 117 121 121 125 133 141 150 162 188 183 115 120 119 124 132 140 148 160 190 183 81 83 79 84 88 81 77 85 82 73 2009: Feb .................... Mar .................... Apr r ................... May r .................. June r ................. July r .................. Aug r ................... Sept r .................. Oct r .................... Nov r ................... Dec r ................... 126 126 129 129 133 130 126 125 133 135 135 146 147 150 149 157 149 145 141 151 152 148 109 109 112 113 111 112 108 108 110 115 119 179 180 180 180 180 179 178 177 178 179 179 183 184 185 185 184 183 181 181 181 183 183 183 184 185 185 184 182 181 180 180 182 182 70 70 72 72 74 73 71 71 75 75 75 2010: Jan r ................... Feb p ................... 139 133 152 145 122 122 184 185 189 189 188 189 76 72 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 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00025 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.025 ECOIND G:\GRAPHICS\eecoind.025 Period Prices paid by farmers MONEY, CREDIT, AND SECURITY MARKETS MONEY STOCK AND DEBT MEASURES In January, 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 Dec ........................................................................................ Dec ........................................................................................ Dec ........................................................................................ Dec ........................................................................................ Dec ........................................................................................ Dec ........................................................................................ Dec ........................................................................................ Dec ........................................................................................ Dec ........................................................................................ Dec r ....................................................................................... 1,087.7 1,182.2 1,220.4 1,306.9 1,377.1 1,375.3 1,367.9 1,375.8 1,594.7 1,693.3 4,917.9 5,434.1 5,785.9 6,073.7 6,415.2 6,679.2 7,079.5 7,509.4 8,241.6 8,524.4 18,167.3 19,302.3 20,710.2 22,420.4 24,426.9 26,756.1 29,151.3 31,694.5 33,564.9 ............................ ¥3.1 8.7 3.2 7.1 5.4 ¥.1 ¥.5 .6 15.9 6.2 6.1 10.5 6.5 5.0 5.6 4.1 6.0 6.1 9.8 3.4 5.0 6.3 7.3 8.1 8.9 9.5 9.0 8.7 5.9 ...................... 2009: Jan ........................................................................................ Feb ........................................................................................ Mar ........................................................................................ Apr ........................................................................................ May ........................................................................................ June r ..................................................................................... July r ...................................................................................... Aug r ....................................................................................... Sept r ...................................................................................... Oct r ........................................................................................ Nov r ....................................................................................... Dec r ....................................................................................... 2010: Jan ........................................................................................ 1,573.8 1,562.1 1,564.3 1,592.7 1,593.0 1,641.0 1,649.9 1,648.3 1,660.8 1,673.8 1,685.6 1,693.3 1,676.3 8,302.6 8,340.7 8,392.7 8,343.7 8,416.1 8,442.3 8,436.7 8,413.4 8,452.5 8,481.5 8,509.0 8,524.4 8,463.3 ............................ ............................ 33,932.0 ............................ ............................ 34,310.5 ............................ ............................ 34,551.9 ............................ ............................ ............................ ............................ 22.4 23.2 14.4 16.3 9.9 5.8 9.7 11.0 12.3 10.2 11.6 6.4 3.2 12.8 14.1 12.5 8.2 8.7 4.9 3.2 1.7 1.4 3.3 2.2 1.9 .6 ...................... ...................... 4.3 ...................... ...................... 4.5 ...................... ...................... 2.8 ...................... ...................... ...................... ...................... hsrobinson on DSK69SOYB1PROD with HEARING 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: 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 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00026 Fmt 3401 M1 M2 From previous period 3 Debt NOTE.—The Federal Reserve previously announced that the M3 monetary aggregate and most of its components would no longer be published. Institutional money market mutual funds will continue to be published as a memorandum item in the H.6 release, and the component on large-denomination time deposits will be 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 Nov 24 2008 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: 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 Dec ...... Dec ...... Dec ...... Dec ...... Dec ...... Dec ...... Dec ...... Dec ...... Dec ...... Dec r .... 531.2 581.1 626.3 662.5 697.7 724.1 749.6 759.8 815.3 862.1 8.3 8.0 7.8 7.7 7.5 7.2 6.7 6.3 5.5 5.1 309.9 335.7 306.8 326.4 343.5 325.0 305.3 301.9 459.7 441.7 238.4 257.4 279.6 310.3 328.3 319.1 306.3 307.8 314.3 384.5 133.2 142.0 154.3 175.2 187.0 180.9 177.7 174.4 180.2 233.9 105.2 115.4 125.3 135.0 141.3 138.2 128.6 133.5 134.1 150.6 1,878.4 2,309.2 2,773.6 3,162.9 3,507.2 3,604.9 3,697.8 3,876.2 4,112.0 4,849.0 1,424.4 1,738.5 2,060.0 2,338.1 2,631.7 2,775.9 2,913.7 3,047.4 3,339.2 4,006.8 454.0 570.7 713.6 824.8 875.5 829.0 784.0 828.8 772.7 842.2 1,046.0 974.6 894.7 817.9 827.7 992.0 1,203.7 1,272.7 1,452.7 1,168.5 700.8 636.1 591.3 541.8 551.4 645.2 778.8 856.2 1,074.2 851.6 345.3 338.5 303.5 276.1 276.3 346.8 425.0 416.5 378.5 317.0 905.8 968.1 897.1 786.0 703.2 706.9 810.2 984.7 1,082.2 813.5 814.8 1,216.4 1,266.7 1,127.5 1,079.8 1,151.3 1,357.7 1,913.9 2,409.7 2,219.7 2009: Jan ...... Feb ...... Mar ..... Apr ...... May ..... June r ... July r .... Aug r .... Sept r ... Oct r ..... Nov r .... Dec r .... 827.2 836.8 842.9 847.8 849.2 852.3 854.2 857.7 861.4 862.6 861.7 862.1 5.5 5.5 5.4 5.3 5.3 5.2 5.1 5.1 5.1 5.1 5.1 5.1 428.4 397.3 390.5 406.2 401.9 434.0 435.6 426.9 430.4 432.2 434.4 441.7 312.7 322.4 325.5 333.3 336.7 349.5 354.9 358.6 363.9 373.9 384.3 384.5 177.0 182.2 184.5 191.6 195.1 210.4 215.2 219.1 222.2 226.2 236.3 233.9 135.7 140.3 141.0 141.6 141.5 139.1 139.8 139.5 141.7 147.6 148.0 150.6 4,207.3 4,284.8 4,356.1 4,326.4 4,438.4 4,466.8 4,506.5 4,546.0 4,632.3 4,716.5 4,787.9 4,849.0 3,428.8 3,495.1 3,552.1 3,520.9 3,621.3 3,640.9 3,671.9 3,715.6 3,789.6 3,861.1 3,952.1 4,006.8 778.5 789.8 804.0 805.4 817.2 825.9 834.6 830.5 842.7 855.3 835.8 842.2 1,445.6 1,437.6 1,424.9 1,404.9 1,384.3 1,361.6 1,334.0 1,304.1 1,268.2 1,229.5 1,197.7 1,168.5 1,065.9 1,056.0 1,042.6 1,027.9 1,021.4 1,003.2 980.6 962.0 935.8 902.0 876.9 851.6 379.7 381.6 382.4 377.0 362.9 358.4 353.4 342.0 332.5 327.5 320.8 317.0 1,075.9 1,056.2 1,047.4 1,019.8 1,000.4 972.8 946.3 915.0 891.1 861.8 837.9 813.5 2,472.3 2,494.7 2,501.6 2,514.2 2,528.5 2,511.3 2,492.2 2,447.0 2,407.3 2,339.2 2,281.0 2,219.7 2010: Jan ...... 861.1 5.1 435.0 375.3 221.2 154.1 4,856.5 4,009.3 847.2 1,139.8 827.0 312.7 790.7 2,176.9 1 Savings deposits including money market deposit accounts (MMDAs). 2 Small-denomination deposits are those issued in amounts of less than $100,000. 3 Institutional money funds are not part of non-M1 M2. NOTE.—See Note, p. 26. Source: Board of Governors of the Federal Reserve System. 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 hsrobinson on DSK69SOYB1PROD with HEARING 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 r ............ 38,724 41,428 40,339 42,630 46,540 45,089 43,220 43,214 820,306 1,138,597 38,515 41,361 40,259 42,585 46,478 44,920 43,029 27,783 166,740 968,670 37,399 39,785 38,331 41,583 44,631 43,188 41,357 41,429 52,972 63,188 1,325 1,643 2,008 1,047 1,909 1,901 1,863 1,784 767,333 1,075,410 584,984 635,567 681,648 720,391 759,378 787,579 812,411 824,373 1,654,068 2,017,685 210 67 80 46 63 169 191 15,431 653,565 169,927 .............. .............. .............. .............. .............. .............. .............. 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: Jan ............. Feb ............. Mar ............ Apr ............. May ............ June ........... July ............ Aug ............ Sept ............ Oct ............. Nov ............. Dec r ............ 856,993 699,935 779,497 881,019 900,866 809,196 794,995 828,466 922,473 1,056,405 1,140,488 1,138,597 293,496 117,438 167,385 322,825 375,418 370,473 428,033 497,017 615,646 791,347 923,181 968,670 58,813 56,486 54,891 56,658 56,797 57,840 62,015 62,639 62,408 61,673 63,200 63,188 798,180 643,449 724,605 824,362 844,068 751,355 732,980 765,827 860,065 994,732 1,077,288 1,075,410 1,702,465 1,555,039 1,640,732 1,747,298 1,768,832 1,679,687 1,666,475 1,703,377 1,800,961 1,936,564 2,018,813 2,017,685 563,496 582,497 612,111 558,194 525,448 438,722 366,961 331,450 306,827 265,058 217,307 169,927 403,523 438,822 477,049 444,933 403,970 316,868 255,119 224,490 196,731 155,396 110,049 82,014 70,436 65,463 62,513 47,324 40,124 37,302 34,366 32,147 29,243 25,163 20,434 19,025 33,061 26,250 20,292 10,918 701 0 0 0 0 0 0 0 17,745 13,533 7,857 4,267 23,347 18,891 6,230 184 79 28 0 0 38,690 38,414 43,328 45,057 44,915 43,057 43,108 40,021 39,074 41,222 43,222 22,023 .............. .............. 1,061 5,649 12,367 22,552 27,993 33,898 41,036 42,765 43,497 46,310 2010: Jan ............. 1,108,871 966,728 62,858 1,046,013 1,986,796 142,142 54,209 16,407 0 0 22,213 47,342 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. 5 Includes 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. 27 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00027 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.027 ECOIND BANK CREDIT AT ALL COMMERCIAL BANKS Total commercial bank loans and leases fell 1.1 percent in January. [Billions of dollars, seasonally adjusted 1] Securities in bank credit 2 hsrobinson on DSK69SOYB1PROD with HEARING 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: 2009: Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec r .......................... Jan ........................... Feb ........................... Mar ........................... Apr ........................... May ........................... June .......................... July .......................... Aug ........................... Sept r ......................... Oct r ........................... Nov r .......................... Dec r .......................... 2010: Jan ........................... U.S. Treasury and agency securities Total securities 5,027.0 5,210.2 5,642.7 6,010.5 6,563.6 7,258.6 8,037.8 8,843.5 9,372.5 9,087.9 9,337.1 9,347.6 9,328.6 9,266.9 9,338.1 9,319.6 9,249.6 9,210.4 9,127.8 9,053.1 9,109.7 9,087.9 9,003.7 1,191.6 1,319.6 1,509.6 1,636.3 1,728.2 1,825.0 1,962.6 2,083.2 2,109.4 2,349.2 2,145.7 2,162.6 2,187.2 2,185.0 2,210.7 2,252.5 2,268.1 2,304.0 2,316.1 2,312.7 2,316.4 2,349.2 2,339.7 781.6 840.6 1,007.0 1,092.1 1,151.1 1,139.8 1,188.6 1,107.6 1,240.3 1,425.9 1,273.0 1,261.7 1,273.0 1,263.8 1,263.2 1,293.5 1,325.5 1,363.1 1,379.6 1,373.1 1,384.0 1,425.9 1,427.2 Other securities 410.0 479.0 502.5 544.3 577.0 685.2 774.0 975.6 869.1 923.3 872.7 900.8 914.2 921.2 947.5 959.0 942.6 940.8 936.6 939.5 932.5 923.3 912.4 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 3,835.5 3,890.6 4,133.1 4,374.2 4,835.5 5,433.6 6,075.3 6,760.3 7,263.1 6,738.7 7,191.4 7,185.0 7,141.4 7,081.9 7,127.4 7,067.1 6,981.5 6,906.5 6,811.7 6,740.5 6,793.3 6,738.7 6,664.0 1,083.7 1,021.8 960.2 898.2 918.5 1,041.6 1,181.2 1,424.4 1,617.7 1,342.4 1,601.1 1,587.1 1,564.1 1,545.0 1,525.4 1,499.0 1,482.8 1,450.7 1,414.4 1,383.3 1,365.9 1,342.4 1,317.6 Real estate loans Total 4 1,637.1 1,754.3 2,007.2 2,209.7 2,547.8 2,916.0 3,355.8 3,588.4 3,823.2 3,808.7 3,805.0 3,818.2 3,836.1 3,831.4 3,875.6 3,862.5 3,846.8 3,825.5 3,782.0 3,756.9 3,822.7 3,808.7 3,777.0 Revolving home equity loans 129.5 152.3 211.7 278.4 395.2 442.9 466.8 483.2 588.0 601.5 593.0 595.7 600.2 605.1 613.1 610.9 608.3 606.9 604.0 601.6 604.4 601.5 598.9 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00028 Fmt 3401 .............. .............. .............. .............. 1,077.7 1,266.6 1,454.3 1,589.5 1,726.8 1,648.5 1,720.8 1,721.6 1,720.3 1,715.6 1,712.2 1,704.6 1,697.8 1,690.5 1,680.1 1,667.1 1,660.9 1,648.5 1,627.3 Consumer loans 5 532.4 550.4 579.0 635.6 685.9 697.6 732.1 793.4 861.4 832.3 869.8 879.9 870.6 859.7 858.3 856.2 852.6 850.5 847.9 846.3 841.9 832.3 816.7 Other loans and leases 6 582.3 564.1 586.7 630.7 683.3 778.5 806.2 954.0 960.8 755.2 915.6 899.7 870.6 845.8 868.1 849.4 799.3 779.8 767.3 753.9 762.9 755.2 752.7 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 VerDate Nov 24 2008 Commercial loans Sfmt 3401 E:\HR\OC\ECOIND.028 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 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2007: ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ I ........... II ......... III ........ IV ........ 2008: I ........... II ......... III ........ IV ........ 2009: I ........... II ......... III p ...... 1,731.4 1,972.3 862.9 907.8 853.3 1,553.0 2,052.3 1,928.3 2,386.6 1,603.4 2,321.5 2,533.7 2,406.4 2,284.5 1,782.0 1,703.5 1,608.3 1,319.7 1,372.3 1,419.7 1,196.0 Internal 1 743.8 734.9 767.7 822.9 839.9 944.0 1,091.1 1,091.8 1,109.3 1,148.0 1,056.3 1,107.8 1,113.8 1,159.2 1,102.8 1,107.2 1,233.4 1,148.5 1,141.3 1,140.0 1,156.8 Credit market instruments Total 987.6 1,237.4 95.2 84.9 13.4 609.0 961.2 836.5 1,277.3 455.4 1,265.2 1,425.9 1,292.6 1,125.3 679.2 596.3 374.9 171.2 231.0 279.7 39.2 Total Total net funds raised Net new equity issues 271.5 244.5 163.8 6.8 47.2 81.1 ¥9.4 ¥102.6 ¥7.1 12.6 4.5 79.5 154.9 ¥267.3 35.9 242.5 63.6 ¥291.5 117.9 190.2 185.5 ¥110.4 ¥118.2 ¥48.1 ¥16.2 ¥39.6 ¥122.7 ¥343.1 ¥567.7 ¥790.1 ¥335.1 ¥537.8 ¥752.6 ¥831.8 ¥1,038.0 ¥431.8 ¥218.7 ¥342.0 ¥347.8 ¥122.7 133.4 91.3 Total Securities and mortgages 381.9 362.7 211.9 23.0 86.8 203.8 333.7 465.1 783.0 347.7 542.3 832.1 986.7 770.7 467.8 461.2 405.6 56.3 240.6 56.8 94.2 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). 271.1 187.1 398.6 166.3 216.5 132.7 263.5 310.2 382.4 248.6 318.8 493.9 360.7 356.1 257.9 410.1 134.4 192.0 586.2 378.6 236.7 Loans and shortterm paper Other 2 110.9 175.6 ¥186.7 ¥143.1 ¥129.7 71.1 70.2 154.9 400.6 99.2 223.6 338.3 626.1 414.7 209.9 51.1 271.1 ¥135.7 ¥345.6 ¥321.8 ¥142.6 716.1 992.9 ¥68.5 78.1 ¥33.7 528.0 970.6 939.0 1,284.3 422.8 1,260.6 1,346.4 1,137.7 1,392.6 643.3 353.9 311.3 462.7 113.0 89.5 ¥146.3 1,837.6 2,166.5 1,015.5 917.0 881.0 1,654.0 1,929.4 1,839.3 2,252.0 1,510.3 2,141.6 2,356.7 2,274.1 2,235.9 1,686.1 1,557.2 1,467.1 1,330.9 1,228.0 1,247.6 1,175.6 Capital expenditures 3 877.3 967.9 845.3 782.5 798.2 878.4 986.8 1,142.0 1,182.8 1,189.8 1,115.1 1,169.3 1,242.1 1,204.9 1,214.1 1,193.1 1,188.5 1,163.7 930.0 822.7 820.4 Increase in financial assets 960.3 1,198.6 170.2 134.5 82.8 775.6 942.6 697.3 1,069.2 320.5 1,026.5 1,187.4 1,032.0 1,031.0 472.0 364.1 278.6 167.2 298.0 424.9 355.2 Discrepancy (sources less uses) ¥106.2 ¥194.3 ¥152.6 ¥9.3 ¥27.7 ¥101.0 122.8 88.9 134.5 93.0 180.0 177.0 132.4 48.6 95.9 146.3 141.2 ¥11.2 144.2 172.2 20.5 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 hsrobinson on DSK69SOYB1PROD with HEARING 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: 2009: Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec r .............................................................................. Dec r .............................................................................. Dec r .............................................................................. Dec r .............................................................................. Dec r .............................................................................. Dec r .............................................................................. Dec r .............................................................................. Jan r .............................................................................. Feb r .............................................................................. Mar r ............................................................................. Apr r .............................................................................. May r ............................................................................. June r ............................................................................ July r ............................................................................. Aug r ............................................................................. Sept r ............................................................................. Oct r .............................................................................. Nov r ............................................................................. Dec r .............................................................................. 2010: Jan p ............................................................................. 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 2,451.3 2,563.7 2,550.7 2,536.0 2,521.6 2,514.6 2,506.1 2,497.8 2,495.3 2,486.9 2,479.8 2,455.9 2,451.3 2,456.3 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. 683.5 715.2 750.9 768.2 799.8 830.5 872.2 942.9 958.1 866.1 956.3 943.6 935.1 926.8 917.4 912.6 911.9 903.8 895.9 889.2 875.5 866.1 864.4 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 1,585.3 1,607.4 1,607.1 1,601.1 1,594.8 1,597.1 1,593.5 1,585.9 1,591.5 1,591.0 1,590.6 1,580.4 1,585.3 1,591.9 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 ¥109.8 2.6 ¥13.0 ¥14.4 ¥14.7 ¥7.0 ¥8.5 ¥8.3 ¥2.5 ¥8.4 ¥7.1 ¥23.9 ¥4.6 5.0 Revolving 72.8 31.7 35.7 17.3 31.6 30.7 41.7 70.7 15.2 ¥92.0 ¥1.8 ¥12.7 ¥8.5 ¥8.3 ¥9.4 ¥4.8 ¥.7 ¥8.1 ¥7.9 ¥6.7 ¥13.7 ¥9.4 ¥1.7 Nonrevolving 2 112.6 118.0 68.9 88.5 83.9 68.9 52.3 66.4 23.0 ¥17.6 4.5 ¥.3 ¥6.0 ¥6.3 2.3 ¥3.6 ¥7.6 5.6 ¥.5 ¥.4 ¥10.2 4.9 6.6 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 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00029 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.029 ECOIND INTEREST RATES AND BOND YIELDS Interest rates were mixed in February. [Percent per annum] Constant hsrobinson on DSK69SOYB1PROD with HEARING Period 3-month bills (at auction) 1 2000 ....................... 2001 ....................... 2002 ....................... 2003 ....................... 2004 ....................... 2005 ....................... 2006 ....................... 2007 ....................... 2008 ....................... 2009 ....................... 2009: Feb ............. Mar ............. Apr ............. May ............ June ........... July ............ Aug ............. Sept ............ Oct .............. Nov ............. Dec ............. 2010: Jan .............. Feb .............. Week ended: 2010: Feb 6 ...... 13 ....... 20 ....... 27 ....... Mar 6 ....... 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 1.37 1.31 1.32 1.39 1.76 1.55 1.65 1.48 1.46 1.32 1.38 1.49 1.40 6.03 5.02 4.61 4.01 4.27 4.29 4.80 4.63 3.66 3.26 2.87 2.82 2.93 3.29 3.72 3.56 3.59 3.40 3.39 3.40 3.59 3.73 3.69 5.94 5.49 * * * * 4.91 4.84 4.28 4.08 3.59 3.64 3.76 4.23 4.52 4.41 4.37 4.19 4.19 4.31 4.49 4.60 4.62 5.77 5.19 5.05 4.73 4.63 4.29 4.42 4.42 4.80 4.64 5.00 5.15 4.88 4.60 4.84 4.69 4.58 4.13 4.20 4.35 4.16 4.22 4.23 7.62 7.08 6.49 5.67 5.63 5.24 5.59 5.56 5.63 5.31 5.27 5.50 5.39 5.54 5.61 5.41 5.26 5.13 5.15 5.19 5.26 5.26 5.35 .............. .............. .............. 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 .10 .11 .10 .10 .13 1.38 1.38 1.44 1.41 1.36 3.66 3.69 3.74 3.69 3.63 4.55 4.62 4.70 4.62 4.58 4.26 4.21 4.23 4.23 4.22 5.29 5.36 5.44 5.31 5.23 .50 .50 .50 .50 .50 30 20:18 Mar 09, 2010 Primary credit 5.85 3.44 1.62 1.01 1.38 3.16 4.73 4.41 1.48 .16 .31 .25 .17 .15 .17 .19 .18 .13 .08 .05 .07 .06 .10 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 Nov 24 2008 Discount window (N.Y. F.R. Bank) 4 5 Jkt 055249 PO 00000 Frm 00030 Fmt 3401 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 .22 .18 .15 .18 .21 .16 .16 .15 .12 .12 .12 .11 .13 7.52 7.00 6.43 5.80 5.77 5.94 6.63 6.41 6.05 5.14 5.09 5.10 4.96 4.92 5.17 5.40 5.32 5.26 5.14 5.08 5.01 5.04 .............. * * * * * 3.25 3.25 3.25 3.25 3.25 .13 .13 .12 .12 .13 .............. .............. .............. .............. .............. 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 Stock prices fell in February. 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 p 1.87 2009: Feb .............................................. Mar .............................................. Apr .............................................. May ............................................. June ............................................ July ............................................. Aug .............................................. Sept ............................................. Oct ............................................... Nov .............................................. Dec .............................................. 5,051.42 4,739.72 5,338.39 5,823.10 5,985.64 6,026.55 6,577.18 6,839.88 6,986.35 7,079.38 7,167.51 2,823.74 2,633.65 3,313.47 3,819.95 3,924.19 4,000.66 4,646.60 4,844.93 4,918.07 4,848.04 4,734.07 8,785.04 8,266.81 8,839.95 9,848.66 10,189.64 9,765.09 10,295.91 10,791.73 11,342.57 11,486.95 11,335.23 5,106.78 4,596.81 4,771.71 5,051.78 5,224.16 5,410.22 5,706.96 5,838.22 5,931.28 6,155.21 6,430.25 7,690.50 7,235.47 7,992.12 8,398.37 8,593.00 8,679.75 9,375.06 9,634.97 9,857.34 10,227.55 10,433.44 805.23 757.13 848.15 902.41 926.12 935.82 1,009.72 1,044.55 1,067.66 1,088.07 1,110.38 1,485.98 1,432.23 1,641.15 1,726.08 1,826.99 1,873.84 1,997.16 2,084.75 2,122.85 2,143.53 2,220.60 3.07 2.92 2.60 2.41 2.35 2.31 2.12 2.06 2.02 1.99 1.95 .................. .86 .................. .................. .82 .................. .................. 1.19 .................. .................. p 4.62 2010: Jan ............................................... Feb .............................................. 7,257.37 6,958.36 4,795.75 4,567.29 11,548.08 10,840.96 6,523.83 6,320.43 10,471.24 10,214.51 1,123.58 1,089.16 2,267.77 2,194.44 1.92 2.00 .................. .................. Week ended: 2010: Feb 6 13 20 27 Mar 6 6,944.58 6,828.29 7,053.05 7,026.46 7,173.15 4,559.76 4,442.56 4,623.89 4,654.30 4,755.28 10,879.64 10,671.71 11,028.06 10,821.86 11,057.66 6,364.51 6,250.52 6,354.87 6,318.72 6,388.38 10,153.47 10,049.75 10,343.33 10,337.25 10,443.37 1,083.82 1,069.87 1,102.58 1,103.06 1,122.90 2,163.74 2,157.15 2,231.52 2,232.77 2,290.74 1.99 2.05 1.97 1.97 1.95 .................. .................. .................. .................. .................. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 hsrobinson on DSK69SOYB1PROD with HEARING Dow Jones industrial average 4 ....................................... ....................................... ....................................... ....................................... ....................................... 1 Average of daily closing prices. all the stocks (nearly 1,850) 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. about 3,000 stocks. & 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 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00031 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.031 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 fourth month of fiscal 2010, there was a deficit of $430.7 billion, compared with a deficit of $395.9 billion a year earlier. [Billions of dollars] Total Outlays .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. ................................... .................................. .................................. .................................. .................................. 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 4 months: 1 Fiscal year 2009 ............ Fiscal year 2010 ............ 2,165.1 2,567.2 3,720.7 ¥1,555.6 3,833.9 ¥1,266.7 1,529.9 1,893.1 3,163.7 ¥1,633.8 3,255.7 ¥1,362.6 635.2 674.1 557.0 578.2 78.2 95.9 13,786.6 9,297.7 15,144.0 10,498.3 ¥395.9 ¥430.7 564.8 487.1 ¥465.4 ¥479.7 208.7 205.9 139.2 156.9 69.5 49.0 10,595.9 12,244.0 hsrobinson on DSK69SOYB1PROD with HEARING 1 Data 773.5 693.0 1,169.4 1,123.7 from current issue Monthly Treasury Statement. Outlays 1,030.2 966.8 Receipts Outlays Federal debt (end of period) Surplus or deficit (¥) Receipts 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Receipts Off-budget Surplus or deficit (¥) 20:18 Mar 09, 2010 Jkt 055249 PO 00000 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 6,312.7 7,753.5 NOTE.—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 Nov 24 2008 Gross Federal Frm 00032 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.032 ECOIND g:\graphics\eecoind.032 Fiscal year or period On-budget Surplus or deficit (¥) FEDERAL RECEIPTS BY SOURCE AND OUTLAYS BY FUNCTION In the fourth month of fiscal 2010, receipts were $80.5 billion lower than a year earlier and outlays were $45.7 billion lower. [Billions of dollars] On-budget and off-budget receipts hsrobinson on DSK69SOYB1PROD with HEARING 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 2,165.1 935.8 2,567.2 1,121.3 156.7 296.9 875.8 935.1 196.9 3,720.7 213.9 3,833.9 719.2 749.7 692.0 721.3 51.1 54.2 372.3 400.7 457.2 497.3 685.9 595.0 721.5 736.3 187.8 250.7 525.8 549.9 54.9 37.2 284.8 278.5 54.1 1,169.4 66.1 1,123.7 227.8 234.9 219.2 225.0 12.5 16.9 97.8 120.1 149.1 145.0 147.3 185.9 212.4 231.0 62.7 70.3 259.8 119.4 2010 (estimates) ......................... 2011 (estimates) .......................... Cumulative total, first 4 months: 1 Fiscal year 2009 ...................... Fiscal year 2010 ...................... 773.5 693.0 379.8 311.3 1 Data from current issue Monthly Treasury Statement. Data for Department of Defense, military, include a small amount classified as international affairs, and not included in national defense. NOTE.—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. 33 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00033 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.033 ECOIND g:\graphics\eecoind.033 Fiscal year or period Social insurance and retirement receipts FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS In the fourth quarter of 2009, according to revised estimates, Federal current expenditures rose $13.1 billion (annual rate), receipts data are incomplete. [Billions of dollars; quarterly data at seasonally adjusted annual rates] Federal Government current receipts Total 1 Personal current taxes 1,309.6 1,249.4 1,073.5 1,070.2 1,153.8 1,383.7 1,558.3 1,647.2 1,421.7 .............. 1,517.6 1,541.6 1,581.3 1,592.8 1,638.3 1,654.0 1,644.8 1,651.7 1,546.0 1,322.8 1,435.2 1,382.9 1,191.5 1,157.4 1,138.1 .............. 995.6 991.8 828.6 774.2 799.2 931.9 1,049.9 1,168.1 1,102.5 829.6 1,023.1 1,034.7 1,053.9 1,088.0 1,136.8 1,157.6 1,177.6 1,200.6 1,195.3 984.2 1,110.1 1,120.2 900.3 829.9 795.8 792.3 hsrobinson on DSK69SOYB1PROD with HEARING Total Calendar year: 2000 ................. 2001 ................ 2002 ................ 2003 ................ 2004 ................ 2005 ................ 2006 ................ 2007 ................ 2008 ................ 2009 r ............... 2006: I ............... II ............. III ............ IV ............ 2007: I ............... II ............. III ............ IV ............ 2008: I ............... II ............. III ............ IV ............ 2009: I ............... II ............. III r ........... IV r ........... 1 Includes 2 Includes 2,057.1 2,020.3 1,859.3 1,885.1 2,013.9 2,290.1 2,524.5 2,660.8 2,475.0 .............. 2,473.8 2,501.8 2,547.4 2,575.1 2,640.1 2,660.1 2,659.9 2,682.9 2,590.7 2,372.1 2,489.5 2,447.8 2,251.3 2,237.0 2,188.5 .............. Taxes on production and imports 87.3 85.3 86.8 89.3 94.3 98.8 99.4 94.7 92.0 92.3 99.6 99.6 99.9 98.6 94.9 94.8 95.4 93.6 92.7 93.1 91.8 90.2 85.7 91.6 93.5 98.5 Taxes on corporate income 219.4 164.7 150.5 197.8 250.3 341.0 395.0 370.2 212.3 .............. 383.8 396.1 415.5 384.6 393.6 387.3 358.5 341.3 243.1 231.2 218.5 156.5 192.0 223.8 238.1 .............. 698.6 723.3 739.3 762.8 807.6 852.6 904.6 944.4 974.5 950.2 896.9 899.8 904.0 917.8 937.3 938.8 943.8 957.6 970.0 973.0 978.5 976.4 953.0 954.3 945.7 947.7 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 29.1 30.3 48.3 24.3 25.5 26.5 28.2 28.3 28.7 29.6 29.8 29.3 31.2 30.6 30.0 40.7 50.8 49.5 52.1 25.7 27.0 26.1 25.6 29.0 33.6 38.3 42.7 52.3 68.1 37.1 37.7 38.6 39.9 41.0 41.5 42.6 45.8 47.9 48.4 49.0 64.0 72.7 79.8 58.7 61.1 ¥1.2 ¥4.0 .2 3.7 .3 ¥3.5 ¥2.9 ¥2.7 ¥3.8 ¥4.9 ¥2.1 ¥2.7 ¥3.0 ¥3.6 ¥4.8 ¥2.9 ¥.8 ¥2.1 ¥2.5 ¥3.4 ¥3.9 ¥5.4 ¥6.7 ¥5.3 ¥3.5 ¥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 2,897.2 3,117.6 3,455.9 2,681.1 2,731.2 2,762.9 2,738.1 2,841.0 2,881.3 2,918.7 2,947.9 3,024.2 3,169.0 3,155.2 3,121.9 3,220.3 3,505.9 3,542.1 3,555.2 Consumption expenditures Current transfer payments 496.0 530.2 590.5 660.3 721.4 765.8 811.0 848.8 934.4 986.3 810.4 808.5 813.1 812.1 821.1 839.9 860.8 873.4 903.2 923.2 956.0 955.4 954.2 979.1 1,001.2 1,010.8 1,047.4 1,140.0 1,252.1 1,339.4 1,405.0 1,491.3 1,587.1 1,688.6 1,840.6 2,139.0 1,552.4 1,588.9 1,603.7 1,603.5 1,666.2 1,672.4 1,694.1 1,721.6 1,759.5 1,904.5 1,829.0 1,869.5 1,981.2 2,195.6 2,178.1 2,201.1 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00034 Fmt 3401 283.3 258.6 229.1 212.9 221.0 255.4 279.2 312.2 292.0 272.3 263.1 282.8 296.7 274.2 306.4 321.3 316.6 304.7 312.3 291.4 319.5 244.6 231.3 277.4 296.3 284.1 Subsidies 45.3 51.1 40.5 49.0 46.0 60.5 51.0 47.6 50.6 58.2 55.2 51.1 49.4 48.3 47.4 47.7 47.3 48.2 49.2 49.9 50.7 52.4 53.6 53.7 66.5 59.1 Net Federal Government saving 185.2 40.5 ¥252.8 ¥376.4 ¥379.5 ¥283.0 ¥203.8 ¥236.5 ¥642.6 .................... ¥207.3 ¥229.4 ¥215.5 ¥163.0 ¥200.9 ¥221.3 ¥258.8 ¥265.0 ¥433.5 ¥796.9 ¥665.7 ¥674.1 ¥969.1 ¥1,268.9 ¥1,353.6 .................... Source: Department of Commerce, Bureau of Economic Analysis. 34 VerDate Nov 24 2008 Interest payments Sfmt 3401 E:\HR\OC\ECOIND.034 ECOIND g:\graphics\eecoind.034 Current tax receipts Period Contributions for government social insurance INTERNATIONAL STATISTICS INDUSTRIAL PRODUCTION AND CONSUMER PRICES—MAJOR INDUSTRIAL COUNTRIES Industrial production (2002=100; seasonally adjusted) Period United States Canada Japan 2000 .............................. 2001 .............................. 2002 .............................. 2003 .............................. 2004 .............................. 2005 .............................. 2006 .............................. 2007 .............................. 2008 .............................. 2009 p ............................. 103.7 100.1 100.0 101.3 103.8 107.2 109.7 111.3 108.8 98.2 102.6 98.4 100.0 100.1 101.7 103.7 102.9 102.6 97.2 86.1 108.4 101.3 100.0 103.0 108.0 109.6 114.2 117.6 113.6 88.3 2008: Dec r ................... 102.4 91.9 2009: Jan r ................... Feb r ................... Mar r ................... Apr r ................... May r .................. June r ................. July r .................. Aug r ................... Sept r .................. Oct r .................... Nov r ................... Dec p ................... 100.1 99.3 97.7 97.2 96.2 95.8 96.9 98.1 98.7 98.9 99.5 100.1 88.7 88.4 87.3 86.5 84.6 84.5 84.4 84.2 85.5 85.9 86.1 87.5 Germany France 101.0 Consumer prices (1982–84=100; NSA) United Kingdom Italy United States 1 Canada Japan France Germany Italy United Kingdom 100.0 98.9 100.2 r 100.4 r 101.7 102.8 r 100.3 88.4 100.8 101.1 100.0 100.5 103.6 107.1 113.3 120.1 120.1 99.7 102.4 101.3 100.0 99.4 r 99.1 98.3 101.8 104.0 100.5 82.9 103.2 101.7 100.0 99.3 100.4 99.1 99.2 99.5 96.4 86.5 172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.342 215.303 214.537 164.9 169.1 172.9 177.7 181.0 185.0 188.7 192.7 197.3 197.9 121.0 120.0 119.0 118.7 118.7 118.3 118.6 118.7 120.3 118.7 157.8 160.3 163.4 166.9 170.4 173.4 176.3 178.9 184.0 184.1 142.5 145.3 147.4 148.9 151.4 153.7 156.2 159.7 163.9 164.5 231.3 237.8 243.6 250.1 255.7 260.7 266.2 271.1 280.1 282.3 200.0 203.7 207.0 213.0 219.3 225.6 232.8 242.7 252.4 251.1 93.4 91.8 107.7 88.2 89.9 210.228 195.9 119.9 183.5 164.2 280.8 250.1 84.0 76.1 77.3 81.9 86.6 88.6 90.4 91.8 93.8 94.3 96.3 98.2 88.4 88.1 86.8 85.7 87.2 87.7 88.7 90.5 89.4 89.3 89.8 89.7 100.6 97.0 97.0 94.1 98.7 100.0 98.9 100.6 104.0 102.1 102.9 100.2 86.7 83.3 79.6 80.5 80.6 80.7 82.4 87.2 82.9 83.5 83.8 83.2 87.6 87.2 86.9 87.1 86.4 86.9 87.1 84.8 86.0 86.0 86.3 86.7 211.143 212.193 212.709 213.240 213.856 215.693 215.351 215.834 215.969 216.177 216.330 215.949 195.4 196.8 197.1 196.9 198.3 199.0 198.3 198.3 198.3 198.1 199.2 198.5 119.1 118.8 119.1 119.3 119.0 118.8 118.4 118.8 118.8 118.3 118.1 117.8 182.7 183.4 183.7 184.0 184.3 184.5 183.7 184.7 184.2 184.4 184.6 185.1 163.4 164.3 164.2 164.2 164.0 164.7 164.7 165.0 164.3 164.5 164.3 165.7 280.3 281.0 281.2 281.8 282.4 282.6 282.6 283.4 282.8 283.0 283.0 283.6 246.8 248.4 248.3 248.5 250.0 250.7 250.7 251.9 253.0 253.8 254.5 256.1 2010: Jan p ................... 101.1 .............. 100.6 .............. .............. .............. .............. 216.687 199.0 117.6 184.7 Feb p ................... .............. .............. ............ .............. .............. .............. .............. .................. .............. ............ ............ 164.7 165.0 284.0 256.0 284.2 .............. r 101.9 1 Data relate to all urban consumers. NOTE.—See Note, p. 17, for information on U.S. industrial production series. Source: National sources as reported by Department of Commerce (Bureau of Economic Analysis and International Trade Administration, Office of Trade and Industry Information) and Council of Economic Advisers. 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 hsrobinson on DSK69SOYB1PROD with HEARING Period BOP basis 2000 .............. 2001 ............. 2002 ............. 2003 ............. 2004 r ............ 2005 r ............ 2006 ............. 2007 ............. 2008 ............. 2009 p ............ 2008: Dec .... 2009: Jan r ... Feb r .. Mar r .. Apr r ... May r .. June r July r .. Aug r .. Sep r ... Oct r ... Nov r .. Dec p .. 772.0 718.7 685.2 715.8 806.2 892.3 1,015.8 1,138.4 1,277.0 1,045.6 89.2 82.4 84.3 82.5 79.9 82.0 84.0 86.7 86.8 90.2 93.4 94.5 99.1 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 781.9 729.1 693.1 724.8 814.9 901.1 1,026.0 1,148.2 1,287.4 1,056.9 90.1 83.1 85.1 83.5 80.7 83.0 84.9 87.7 87.5 91.0 94.7 95.4 100.2 47.9 49.4 49.6 55.0 56.6 59.0 66.0 84.3 108.3 94.0 7.1 7.2 7.2 7.3 7.6 7.9 8.1 7.8 7.9 7.5 7.7 9.0 8.9 172.6 160.1 156.8 173.0 203.9 233.0 276.0 316.4 388.0 296.3 23.2 22.2 22.2 22.4 21.1 23.2 24.3 24.8 25.7 27.1 27.5 27.0 28.7 356.9 80.4 321.7 75.4 290.4 78.9 293.7 80.6 327.5 89.2 358.4 98.4 404.0 107.3 433.0 121.3 457.7 121.5 390.4 81.6 35.1 8.1 33.1 5.6 33.3 5.9 31.9 6.0 30.8 5.8 30.9 5.4 31.4 5.4 32.1 6.8 30.8 7.3 32.5 7.5 33.7 7.9 34.0 8.6 35.8 9.5 89.4 88.3 84.4 89.9 103.2 115.3 129.1 146.0 161.3 150.0 12.6 11.4 12.8 12.3 11.9 12.1 12.1 12.4 12.3 12.8 13.7 13.0 13.3 BOP basis 1,226.7 1,148.6 1,168.0 1,264.9 1,478.0 1,683.2 1,863.1 1,969.4 2,117.2 1,562.5 142.4 129.9 121.5 121.7 119.8 119.2 122.3 129.4 128.7 137.6 138.5 142.9 150.9 Total, Census basis 1 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 1,558.1 141.9 129.5 121.1 121.3 119.4 118.9 122.0 129.2 128.3 137.2 138.1 142.5 150.6 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. 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 46.0 46.6 49.7 55.8 62.1 68.1 74.9 81.7 89.0 81.6 7.2 6.9 6.7 6.8 6.7 6.8 6.8 6.8 6.7 6.7 6.9 6.7 7.1 299.0 273.9 267.7 313.8 412.8 523.8 602.0 634.7 779.5 461.1 43.6 38.4 34.3 34.5 33.7 33.0 36.9 38.3 37.5 42.8 41.0 43.2 47.5 347.0 298.0 283.3 295.9 343.6 379.3 418.3 444.5 453.7 369.3 34.1 31.9 30.1 29.6 28.7 28.9 28.9 30.1 30.1 30.9 32.0 33.3 34.9 195.9 189.8 203.7 210.1 228.2 239.4 256.6 259.2 233.8 160.0 15.2 11.4 10.2 10.6 10.4 10.1 11.0 13.4 14.7 16.3 16.9 16.7 18.3 281.8 284.3 307.8 333.9 372.9 407.2 442.6 474.6 481.6 428.4 36.7 36.1 34.6 35.1 35.5 35.5 33.7 35.4 34.8 35.4 36.6 37.9 37.9 Exports Imports Goods, Census basis Goods 298.6 286.2 292.3 304.3 353.1 389.1 435.9 504.8 549.6 507.5 43.7 41.6 40.9 40.3 41.7 41.4 42.1 42.6 42.9 43.1 43.5 43.6 43.6 223.7 221.8 231.1 250.4 291.2 313.5 349.0 375.2 405.3 371.2 32.4 30.9 30.3 30.0 30.3 30.0 30.7 31.3 31.2 31.4 31.6 31.6 31.9 ¥436.1 ¥411.9 ¥468.3 ¥532.4 ¥654.8 ¥772.4 ¥828.0 ¥808.8 ¥816.2 ¥501.2 ¥51.9 ¥46.5 ¥36.0 ¥37.7 ¥38.7 ¥35.9 ¥37.1 ¥41.4 ¥40.8 ¥46.2 ¥43.3 ¥47.1 ¥50.3 ¥454.7 ¥429.9 ¥482.8 ¥549.0 ¥671.8 ¥790.9 ¥847.3 ¥831.0 ¥840.3 ¥517.0 ¥53.2 ¥47.6 ¥37.2 ¥39.2 ¥39.9 ¥37.2 ¥38.3 ¥42.7 ¥42.0 ¥47.4 ¥45.2 ¥48.4 ¥51.8 Services 74.9 64.4 61.2 54.0 61.8 75.6 86.9 129.6 144.3 136.3 11.3 10.6 10.6 10.3 11.4 11.4 11.4 11.3 11.7 11.7 12.0 12.0 11.7 Goods and services ¥379.8 ¥365.5 ¥421.6 ¥495.0 ¥610.0 ¥715.3 ¥760.4 ¥701.4 ¥695.9 ¥380.7 ¥41.9 ¥37.0 ¥26.6 ¥28.9 ¥28.5 ¥25.8 ¥26.9 ¥31.4 ¥30.3 ¥35.6 ¥33.2 ¥36.4 ¥40.2 Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis). 35 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00035 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.035 ECOIND U.S. INTERNATIONAL TRANSACTIONS In the third quarter of 2009, the goods deficit rose to $132.1 billion, from $115.5 billion in the second quarter. The current account deficit rose to $108.0 billion in the third quarter, from $98.0 billion in the second quarter. [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)] Period Exports Balance on goods Net military transactions 2 Net travel and transportation Income receipts and payments Other services, net Balance on goods and services Receipts Payments Balance on income Unilateral current transfers, net 3 Balance on current account .............. .............. ............. ............. ............. ............. ............. ............. ............. ............. 683,965 771,994 718,711 685,170 715,848 806,161 892,337 1,015,812 1,138,384 1,276,994 ¥1,031,784 ¥1,226,684 ¥1,148,609 ¥1,168,002 ¥1,264,860 ¥1,477,996 ¥1,683,188 ¥1,863,072 ¥1,969,375 ¥2,117,245 ¥347,819 ¥454,690 ¥429,898 ¥482,831 ¥549,012 ¥671,835 ¥790,851 ¥847,260 ¥830,992 ¥840,252 2,593 317 ¥2,296 ¥7,158 ¥11,981 ¥13,518 ¥10,536 ¥7,119 ¥7,384 ¥13,881 7,085 2,486 ¥3,254 ¥4,245 ¥11,475 ¥14,275 ¥13,006 ¥10,873 2,345 16,175 73,051 72,052 69,943 72,633 77,433 89,640 99,124 104,893 134,609 142,021 ¥265,090 ¥379,835 ¥365,505 ¥421,601 ¥495,034 ¥609,987 ¥715,268 ¥760,359 ¥701,422 ¥695,936 293,925 350,918 290,797 280,942 320,456 413,739 535,263 682,221 818,931 764,637 ¥280,037 ¥329,864 ¥259,075 ¥253,544 ¥275,147 ¥346,519 ¥462,905 ¥634,136 ¥728,085 ¥646,406 13,888 21,054 31,722 27,398 45,309 67,219 72,358 48,085 90,845 118,231 ¥50,428 ¥58,645 ¥64,487 ¥64,948 ¥71,794 ¥88,362 ¥105,772 ¥91,273 ¥115,996 ¥128,363 ¥301,630 ¥417,426 ¥398,270 ¥459,151 ¥521,519 ¥631,130 ¥748,683 ¥803,547 ¥726,573 ¥706,068 2007: I ........ II ....... III ..... IV ..... 269,538 277,655 289,160 302,031 ¥475,571 ¥483,294 ¥494,075 ¥516,435 ¥206,033 ¥205,639 ¥204,915 ¥214,404 ¥933 ¥2,912 ¥2,593 ¥946 ¥1,642 ¥899 1,241 3,644 30,570 31,891 34,802 37,346 ¥178,038 ¥177,560 ¥171,465 ¥174,360 186,981 202,312 213,505 216,132 ¥177,234 ¥189,531 ¥185,098 ¥176,220 9,747 12,781 28,407 39,912 ¥30,807 ¥25,752 ¥28,557 ¥30,883 ¥199,098 ¥190,531 ¥171,614 ¥165,330 2008: I ........ II ....... III ..... IV ..... 315,637 332,876 337,912 290,569 ¥534,482 ¥554,372 ¥559,002 ¥469,389 ¥218,846 ¥221,496 ¥221,090 ¥178,820 ¥2,543 ¥3,055 ¥4,664 ¥3,618 3,076 4,922 5,595 2,581 35,659 36,784 34,217 35,363 ¥182,653 ¥182,847 ¥185,942 ¥144,495 202,927 198,796 195,319 167,596 ¥166,241 ¥172,521 ¥161,194 ¥146,450 36,686 26,274 34,125 21,146 ¥33,330 ¥31,147 ¥32,361 ¥31,527 ¥179,298 ¥187,719 ¥184,178 ¥154,875 2009: I ........ II ....... III p .... 249,374 246,134 263,911 ¥373,411 ¥361,621 ¥396,050 ¥124,036 ¥115,487 ¥132,138 ¥3,017 ¥1,855 ¥2,044 1,985 3,509 3,939 32,661 32,592 32,865 ¥92,408 ¥81,240 ¥97,378 135,352 ¥117,051 135,074 ¥118,404 140,403 ¥116,694 18,301 16,670 23,709 ¥30,343 ¥33,410 ¥34,365 ¥104,450 ¥97,980 ¥108,034 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 hsrobinson on DSK69SOYB1PROD with HEARING Imports Services 1 Adjusted 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 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00036 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.036 ECOIND g:\graphics\eecoind.036 Goods 1 U.S. INTERNATIONAL TRANSACTIONS—Continued In the financial account, U.S. claims on foreigners reported by U.S. banks increased $240.1 billion in the third quarter of 2009, following an increase of $27.2 billion in the second quarter. U.S. liabilities to private foreigners reported by U.S. banks, excluding Treasury securities, increased $127.0 billion in the third quarter, following a decrease of $178.9 billion in the second quarter. [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)] Financial account Period Total hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2007: ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... I .... II ... III IV .. 2008: I .... II ... III IV .. 2009: I .... II ... III p ¥4,939 ¥504,062 ¥1,010 ¥560,523 11,922 ¥382,616 ¥1,470 ¥294,646 ¥3,480 ¥325,424 1,323 ¥1,000,870 11,344 ¥546,631 ¥3,906 ¥1,285,729 ¥1,895 ¥1,472,126 953 ¥106 ¥549 ¥485,867 ¥124 ¥545,158 ¥625 ¥192,530 ¥597 ¥248,571 ¥637 ¥251,501 ¥682 107,343 2,967 29,322 ¥695 114,730 ¥710 94,734 ¥719 37,398 ¥686 ¥294,102 U.S. official reserve assets 4 8,747 ¥290 ¥4,911 ¥3,681 1,523 2,805 14,096 2,374 ¥122 ¥4,848 ¥72 26 ¥54 ¥22 ¥276 ¥1,267 ¥179 ¥3,126 ¥982 ¥3,632 ¥49,021 Other U.S. Government assets Statistical discrepancy Foreign-owned assets in the U.S., excluding financial derivatives [increase/financial inflow (+)] U.S. private assets 2,750 ¥515,559 ¥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 ¥1,449,731 ¥529,615 534,357 445 ¥486,240 ¥596 ¥544,588 623 ¥193,099 ¥22,744 ¥225,805 3,268 ¥254,493 ¥41,592 150,202 ¥225,997 255,498 ¥265,293 383,150 244,102 ¥148,387 193,750 ¥152,720 57,928 ¥303,009 Total 742,210 1,038,224 782,870 795,161 858,303 1,533,201 1,247,347 2,065,169 2,129,460 534,071 700,961 737,457 278,424 412,618 426,058 2,003 117,897 ¥11,888 ¥67,757 14,614 332,407 4 Consists of gold, special drawing rights (SDRs), foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF). Foreign official assets 43,543 42,758 28,059 115,945 278,069 397,755 259,268 487,939 480,949 487,021 165,837 88,331 47,674 179,107 208,646 178,826 115,573 ¥16,024 70,892 124,299 123,584 Other foreign assets 698,667 995,466 754,811 679,216 580,234 1,135,446 988,079 1,577,230 1,648,511 47,050 535,124 649,126 230,750 233,511 217,412 ¥176,823 2,324 4,136 ¥138,649 ¥109,685 208,823 Financial derivatives, net Total (sum of the items with sign reversed) .................. .................. .................. .................. .................. .................. .................. 29,710 6,222 ¥28,905 14,795 ¥1,007 5,942 ¥13,508 ¥7,966 ¥2,355 ¥4,075 ¥14,509 8,407 11,265 ------- 68,421 ¥59,265 ¥13,906 ¥39,894 ¥7,880 97,476 36,623 ¥1,698 64,912 200,055 ¥30,242 ¥637 80,403 15,388 13,344 81,410 38,067 67,236 69,777 35,422 70,416 Of which: Seasonal adjustment discrepancy .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. 10,399 ¥528 ¥23,938 14,066 14,659 ¥3,037 ¥25,884 14,264 10,571 ¥1,806 ¥20,677 U.S. official reserve assets, net 4 (unadjusted, end of period) 71,516 67,647 68,654 79,006 85,938 86,824 65,127 65,895 70,565 77,648 66,551 66,127 69,070 70,565 75,764 75,740 71,834 77,648 74,958 81,489 134,296 Sources: Department of Commerce (Bureau of Economic Analysis) and Department of the Treasury. 37 VerDate Nov 24 2008 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00037 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.037 ECOIND g:\graphics\eecoind.037 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 hsrobinson on DSK69SOYB1PROD with HEARING 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 VerDate Nov 24 2008 U.S. GOVERNMENT PRINTING OFFICE : 2010 55–249 20:18 Mar 09, 2010 Jkt 055249 PO 00000 Frm 00038 Fmt 3438 Sfmt 3438 E:\HR\OC\ECOIND.038 ECOIND
@FedFRASER