Full text of Economic Indicators : June 2010
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111th Congress, 2nd Session Economic Indicators JUNE 2010 (Includes data available as of July 2, 2010) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT PRINTING OFFICE rfrederick on DSKD9S0YB1PROD with HEARING WASHINGTON : 2010 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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. rfrederick on DSKD9S0YB1PROD 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00040 Fmt 3440 Sfmt 3440 E:\HR\OC\ECOIND.040 ECOIND TOTAL OUTPUT, INCOME, AND SPENDING GROSS DOMESTIC PRODUCT In the first quarter of 2010, according to revised estimates, current-dollar gross domestic product (GDP) rose 3.9 percent (annual rate), real GDP (GDP in chained 2005 dollars) rose 2.7 percent, and the chained price index rose 1.1 percent. [Billions of current dollars; quarterly data at seasonally adjusted annual rates] 2000 ...................... 2001 ...................... 2002 ...................... 2003 ...................... 2004 ...................... 2005 ...................... 2006 ...................... 2007 ...................... 2008 ...................... 2009 ...................... 2006: III ............. IV .............. 2007: I ................ II ............... III ............. IV .............. 2008: I ................ II ............... III ............. IV .............. 2009: I ................ II ............... III ............. IV .............. 2010: I 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 14,256.3 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 14,453.8 14,592.4 ¥382.1 ¥371.0 ¥427.2 ¥504.1 ¥618.7 ¥722.7 ¥769.3 ¥713.8 ¥707.8 ¥392.4 ¥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 ¥449.5 ¥505.4 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 1,564.2 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 1,680.1 1,746.1 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 10,089.1 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 10,236.4 10,353.5 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 1,628.8 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 1,707.8 1,769.1 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 1,956.6 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 2,129.7 2,251.5 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 2,930.7 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 2,959.2 2,975.1 576.1 611.7 680.6 756.5 824.6 876.3 931.7 976.7 1,082.6 1,144.8 932.2 935.9 942.8 968.1 991.4 1,004.3 1,038.3 1,069.5 1,108.3 1,114.3 1,106.7 1,138.3 1,164.3 1,170.1 1,186.3 National defense 371.0 393.0 437.7 497.9 550.8 589.0 624.9 662.1 737.9 779.0 623.3 636.6 636.7 656.6 674.4 680.8 703.6 725.6 763.6 758.9 750.7 776.2 795.8 793.5 805.6 Nondefense 205.0 218.7 242.9 258.5 273.9 287.3 306.8 314.5 344.7 365.8 308.9 299.3 306.1 311.6 317.0 323.6 334.8 343.9 344.7 355.3 356.0 362.1 368.5 376.7 380.7 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 1,785.9 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 1,789.0 1,788.8 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 14,377.2 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 14,477.4 14,547.0 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 14,648.6 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 14,903.3 15,097.8 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 14,361.2 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 14,559.5 14,724.3 Source: Department of Commerce, Bureau of Economic Analysis. 1 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00001 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.001 ECOIND G:\GRAPHICS\eecoind.001 rfrederick on DSKD9S0YB1PROD 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 2006: 2007: 2008: 2009: 2010: ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... III .............. IV ............... I ................. II ................ III .............. IV ............... I ................. II ................ III .............. IV ............... I ................. II ................ III .............. IV ............... I 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 12,987.4 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 13,149.5 13,238.6 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 9,235.1 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 9,289.5 9,359.0 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 1,291.0 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 1,285.5 1,292.6 Resi- Change dential in prifixed vate invest- invenment tories 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 358.7 697.4 660.2 631.7 610.4 572.9 525.0 483.2 462.9 443.3 415.0 367.9 344.4 359.6 362.9 353.2 60.2 ¥41.8 12.8 17.3 66.3 50.0 59.4 19.5 ¥25.9 ¥108.2 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 ¥19.7 41.2 Exports and imports of goods and services Government consumption expenditures and gross investment AddenFinal Gross dum: sales of domestic Gross domestic purnational product chases 1 product Federal Net exports Exports Imports Total ¥451.6 ¥472.1 ¥548.8 ¥603.9 ¥688.0 ¥722.7 ¥729.2 ¥647.7 ¥494.3 ¥355.6 ¥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 ¥348.0 ¥373.0 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 1,472.4 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 1,556.8 1,598.9 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 1,828.0 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 1,904.8 1,971.8 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 2,564.6 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 2,576.9 2,564.8 1 GDP less exports of goods and services plus imports of goods and services. NOTE.—Because of the formula used for calculating real GDP, the chained (2005) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Total National defense Nondefense 698.1 726.5 779.5 831.1 865.0 876.3 894.9 906.4 975.9 1,026.6 892.0 894.4 882.8 898.7 919.0 925.1 943.4 961.3 991.6 1,007.3 996.3 1,023.5 1,043.3 1,043.4 1,046.4 453.5 470.7 505.3 549.2 580.4 589.0 598.4 611.5 659.4 695.0 594.3 606.5 594.7 607.1 621.7 622.4 634.8 645.6 675.4 681.7 672.8 695.2 709.3 702.8 704.6 244.4 255.5 273.9 281.7 284.6 287.3 296.6 294.9 316.4 331.5 297.7 287.8 288.1 291.6 297.2 302.7 308.6 315.8 315.9 325.4 323.4 328.2 333.8 340.5 341.8 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 1,541.0 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 1,537.0 1,522.1 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 13,110.7 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 13,181.9 13,209.5 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 13,336.2 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 13,492.1 13,607.9 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 13,083.7 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 13,246.0 13,358.8 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 rfrederick on DSKD9S0YB1PROD with HEARING Period 2000 .................. 2001 .................. 2002 .................. 2003 .................. 2004 .................. 2005 .................. 2006 .................. 2007 .................. 2008 .................. 2009 .................. 2006: III ......... IV .......... 2007: I ............ II ........... III ......... IV .......... 2008: I ............ II ........... III ......... IV .......... 2009: I ............ II ........... III ......... IV .......... 2010: I r ........... 88.648 90.654 92.113 94.099 96.769 100.000 103.263 106.221 108.481 109.745 103.763 104.237 105.327 106.026 106.460 107.072 107.577 108.061 109.130 109.155 109.661 109.656 109.763 109.902 110.198 Total 89.777 91.488 92.736 94.622 97.098 100.000 102.746 105.502 109.031 109.241 103.316 103.298 104.250 105.074 105.681 107.005 107.974 109.021 110.273 108.855 108.449 108.814 109.510 110.190 110.623 Goods 97.520 97.429 96.430 96.380 97.867 100.000 101.508 102.789 106.150 103.540 102.329 100.822 101.612 102.548 102.627 104.370 105.689 106.678 108.451 103.784 102.186 102.864 104.216 104.895 105.409 Gross private domestic investment Services 85.824 88.428 90.807 93.692 96.687 100.000 103.411 106.964 110.582 112.252 103.844 104.630 105.668 106.433 107.327 108.427 109.213 110.296 111.275 111.542 111.749 111.954 112.312 112.992 113.384 Nonresidential fixed 96.219 95.788 95.363 95.355 96.834 100.000 103.534 106.209 107.897 107.524 103.878 104.868 105.686 106.104 106.354 106.693 106.617 107.161 108.314 109.498 109.154 107.993 106.656 106.294 105.823 Exports and imports of goods and services Government consumption expenditures and gross investment Federal Residential fixed Exports Imports Total 77.415 80.994 83.002 86.953 93.296 100.000 106.081 107.513 105.779 100.716 106.295 107.199 107.604 107.307 107.455 107.686 107.271 106.838 105.807 103.198 101.915 100.554 99.863 100.532 100.742 91.999 91.627 91.253 93.216 96.517 100.000 103.447 107.103 112.389 106.250 104.395 104.438 105.355 106.516 107.396 109.144 111.156 113.890 115.638 108.871 105.265 105.284 106.473 107.978 109.264 89.963 87.762 86.784 89.796 94.144 100.000 104.144 108.017 119.559 107.037 105.121 103.889 104.711 106.332 107.937 113.088 117.234 123.069 125.203 112.730 103.746 104.821 107.688 111.891 114.268 82.524 84.201 87.318 91.024 95.335 100.000 104.107 107.754 110.938 111.513 104.502 104.637 106.808 107.737 107.896 108.577 110.077 111.265 111.784 110.628 111.084 111.214 111.601 112.151 113.368 Source: Department of Commerce, Bureau of Economic Analysis. 2 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00002 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.002 ECOIND National defense 81.821 83.484 86.624 90.659 94.895 100.000 104.421 108.286 111.913 112.086 104.883 104.965 107.089 108.172 108.493 109.389 110.857 112.402 113.059 111.334 111.584 111.664 112.195 112.901 114.338 Nondefense 83.907 85.612 88.689 91.774 96.234 100.000 103.468 106.672 108.935 110.358 103.728 103.972 106.243 106.858 106.678 106.908 108.469 108.922 109.149 109.198 110.085 110.320 110.401 110.625 111.389 State and local 82.482 85.019 86.810 90.425 94.062 100.000 105.276 110.615 116.642 115.896 105.990 106.892 108.527 109.949 111.009 112.975 114.803 116.877 118.493 116.396 115.587 115.713 115.889 116.397 117.526 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 Gross domestic product (GDP) Personal consumption expenditures (PCE) 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 2005: 2006: 2007: 2008: 2009: 2010: .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... III ............................ IV ............................ I ............................... II ............................. III ............................ IV ............................ I ............................... II ............................. III ............................ IV ............................ I ............................... II ............................. III ............................ IV ............................ I ............................... II ............................. III ............................ IV ............................ I r .............................. 1 Quarterly 88.825 89.783 91.412 93.688 97.036 100.000 102.673 104.872 105.331 102.761 100.354 100.873 102.196 102.564 102.592 103.341 103.652 104.475 105.402 105.957 105.764 106.147 105.430 103.984 102.271 102.082 102.648 104.045 104.750 GDP chain-type price index 88.648 90.654 92.113 94.099 96.769 100.000 103.263 106.221 108.481 109.745 100.470 101.312 102.071 102.980 103.763 104.237 105.327 106.026 106.460 107.072 107.577 108.061 109.130 109.155 109.661 109.656 109.763 109.902 110.198 GDP implicit price deflator 88.647 90.650 92.118 94.100 96.770 100.000 103.257 106.214 108.483 109.770 100.461 101.309 102.071 102.973 103.756 104.218 105.310 106.008 106.447 107.069 107.534 108.069 109.172 109.172 109.691 109.686 109.783 109.919 110.225 PCE (chain-type price index) PCE less food and energy price index 89.777 91.488 92.736 94.622 97.098 100.000 102.746 105.502 109.031 109.241 100.495 101.377 101.803 102.567 103.316 103.298 104.250 105.074 105.681 107.005 107.974 109.021 110.273 108.855 108.449 108.814 109.510 110.190 110.623 91.111 92.739 94.345 95.784 97.788 100.000 102.292 104.699 107.207 108.854 100.172 100.831 101.325 102.057 102.630 103.154 103.862 104.318 104.904 105.714 106.333 106.976 107.652 107.866 108.173 108.712 109.027 109.503 109.692 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 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 6.1 3.9 GDP chain-type price index 4.1 1.1 1.8 2.5 3.6 3.1 2.7 2.1 .4 ¥2.4 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 5.6 2.7 2.2 2.3 1.6 2.2 2.8 3.3 3.3 2.9 2.1 1.2 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 .5 1.1 GDP implicit price deflator 2.2 2.3 1.6 2.2 2.8 3.3 3.3 2.9 2.1 1.2 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 .5 1.1 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 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 2.5 1.6 1.7 1.8 1.7 1.5 2.1 2.3 2.3 2.4 2.4 1.5 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 1.8 .7 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 rfrederick on DSKD9S0YB1PROD with HEARING 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2007: ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ I ................................................... II ................................................. III ................................................ IV ................................................ 2008: I ................................................... II ................................................. III ................................................ IV ................................................ 2009: I ................................................... II ................................................. III ................................................ IV ................................................ 2010: I r .................................................. Current dollars Chained (2005) dollars 5,279.4 5,252.5 5,307.7 5,503.7 5,877.5 6,302.8 6,740.3 6,970.1 6,971.5 6,667.7 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 6,681.7 6,803.2 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 6,286.4 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 6,354.2 6,489.2 Total Compensation of employees (unit labor cost) 0.925 .937 .943 .954 .973 1.000 1.031 1.048 1.044 1.061 1.047 1.051 1.049 1.046 1.041 1.035 1.048 1.054 1.068 1.064 1.059 1.052 1.048 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. 0.621 .635 .630 .633 .627 .631 .640 .656 .663 .665 .654 .653 .659 .659 .665 .658 .661 .670 .675 .669 .664 .651 .643 Total 0.222 .236 .237 .237 .234 .243 .250 .264 .275 .287 .258 .263 .268 .268 .271 .272 .274 .282 .293 .290 .285 .284 .277 Consumption of fixed capital Taxes on production and imports 3 Net interest and miscellaneous payments 0.103 .113 .116 .116 .115 .118 .123 .128 .135 .143 .126 .127 .129 .129 .132 .132 .135 .139 .146 .144 .143 .141 .137 0.085 .088 .092 .095 .097 .101 .102 .102 .104 .108 .102 .102 .103 .102 .103 .103 .104 .105 .109 .109 .107 .108 .106 0.034 .035 .029 .026 .022 .024 .025 .034 .036 .036 .030 .034 .036 .037 .036 .037 .035 .038 .038 .037 .035 .035 .034 Corporate profits with inventory valuation and capital consumption adjustments 4 Total 0.082 .066 .076 .084 .112 .127 .141 .127 .107 .108 .135 .135 .122 .118 .105 .106 .114 .1020 .100 .105 .110 .117 .127 Taxes on corporate income 0.030 .020 .017 .023 .031 .043 .047 .045 .036 .035 .047 .046 .043 .044 .038 .039 .038 .027 .032 .035 .036 .039 .046 Profits after tax 5 0.052 .046 .059 .061 .081 .083 .094 .082 .071 .073 .087 .089 .079 .074 .066 .067 .076 .075 .069 .071 .074 .079 .081 3 Less subsidies plus business current transfer payments. profits from current production. inventory valuation and capital consumption adjustments. Source: Department of Commerce, Bureau of Economic Analysis. 4 Unit 5 With 3 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 2006: 2007: 2008: 2009: 2010: ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... III ... IV ... I ...... II .... III ... IV ... I ...... II .... III ... IV ... I ...... II .... III ... IV ... I 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 12,280.0 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 12,433.2 12,644.3 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 7,783.5 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 7,740.6 7,810.4 Farm Nonfarm 29.6 30.5 18.5 36.5 49.7 43.9 29.3 39.4 48.7 29.3 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 35.2 31.0 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 1,011.7 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 1,025.1 1,035.8 215.3 232.4 218.7 204.2 198.4 178.2 146.5 144.9 210.4 268.1 140.3 131.2 121.1 140.3 150.2 168.0 179.9 202.8 222.2 236.7 245.9 262.0 277.9 286.7 297.8 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 ¥127.8 ¥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 ¥118.8 ¥226.2 539.3 544.4 506.4 504.1 461.6 543.0 652.2 739.2 815.1 788.2 661.6 684.0 690.6 711.3 756.0 798.9 790.7 809.0 806.1 854.7 826.2 784.4 759.7 782.6 778.3 708.6 727.7 762.8 806.8 863.4 930.2 986.8 1,028.7 1,047.3 1,023.9 991.6 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 1,034.1 1,044.4 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 1,308.9 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 1,467.6 1,584.5 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 1,436.7 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 1,586.3 1,810.7 772.5 712.7 765.3 903.5 1,229.4 1,640.2 1,822.7 1,774.4 1,462.7 1,427.6 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 1,632.0 1,847.1 ¥16.8 8.0 ¥2.6 ¥11.3 ¥34.3 ¥30.7 ¥38.0 ¥44.0 ¥38.2 9.1 ¥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 ¥45.6 ¥36.4 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 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 60.5 87.0 101.3 82.4 76.1 81.7 95.9 83.0 102.2 118.8 134.1 83.6 86.1 97.8 99.0 105.0 107.0 114.8 112.6 116.0 131.8 137.9 145.4 124.8 128.2 128.1 9.1 4.0 6.3 7.0 1.2 ¥3.5 ¥4.2 ¥6.6 ¥6.9 ¥8.1 ¥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 ¥5.4 Source: Department of Commerce, Bureau of Economic Analysis. REAL PERSONAL CONSUMPTION EXPENDITURES [Billions of chained (2005) dollars, except as noted; quarterly data at seasonally adjusted annual rates] Goods Total personal consumption expenditures Period 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2006: 2007: 2008: rfrederick on DSKD9S0YB1PROD with HEARING 2009: 2010: ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. III ..... IV ..... I ........ II ...... III ..... IV ..... I ........ II ...... III ..... IV ..... I ........ II ...... III ..... IV ..... I 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 9,235.1 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 9,289.5 9,359.0 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 3,144.2 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 3,181.9 3,231.2 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 1,101.4 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 1,123.7 1,156.0 Nondurable Motor vehicles and parts 356.1 374.3 394.0 405.3 411.3 409.6 396.6 402.4 347.5 317.2 400.3 399.7 402.4 404.1 400.5 402.6 384.4 361.4 337.8 306.2 311.2 306.2 335.2 316.3 315.7 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 2,024.5 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 2,053.4 2,072.9 Food and beverages purchased for offpremises consumption 600.6 607.6 609.0 622.4 639.2 665.0 686.2 700.7 700.7 697.4 686.6 697.5 700.8 696.2 699.2 706.6 708.0 708.9 699.6 686.4 687.4 693.5 700.1 708.5 713.8 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 287.1 289.2 294.0 302.2 306.5 304.8 298.4 300.7 287.4 292.7 300.0 299.9 301.5 301.3 301.5 298.5 292.6 289.9 280.1 287.2 293.2 294.0 292.7 291.0 291.0 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 6,087.8 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 6,105.9 6,127.9 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 5,831.1 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 5,846.1 5,865.5 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 1,656.7 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 1,664.4 1,667.2 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 1,446.9 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 1,456.5 1,462.7 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00004 Fmt 3401 665.4 660.7 658.3 657.8 691.8 712.6 735.4 772.3 759.8 756.5 735.6 748.8 762.8 776.7 779.1 770.5 766.1 763.8 758.5 750.6 751.4 756.1 761.8 756.8 758.7 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 8,067.5 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 8,107.9 8,171.8 17.3 17.1 16.8 16.6 16.9 16.9 16.5 16.1 13.2 10.4 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 11.0 estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis. 4 VerDate Mar 15 2010 Financial services and insurance Addendum: Personal consumption expenditures excluding food and energy 2 Sfmt 3401 E:\HR\OC\ECOIND.004 ECOIND SOURCES OF PERSONAL INCOME Personal income rose $53.7 billion (annual rate) in May following an increase of $59.4 billion in April. Wages and salaries rose $29.4 billion in May following an increase of $31.0 billion in April. [Billions of dollars; monthly data at seasonally adjusted annual rates] Compensation of employees, received Period ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. May ....... June ...... July ....... Aug ....... Sept ....... Oct ........ Nov ....... Dec ........ 2010: Jan r ....... Feb r ....... Mar r ...... Apr r ....... May p ..... 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 12,019.0 12,146.9 12,029.7 11,975.2 12,011.9 12,028.7 12,023.8 12,065.6 12,118.7 12,165.0 12,170.1 12,224.4 12,283.8 12,337.5 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 7,778.5 7,820.1 7,823.6 7,742.7 7,762.6 7,749.1 7,733.2 7,742.3 7,746.3 7,794.3 7,806.0 7,830.9 7,865.7 7,899.8 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 6,276.5 6,317.0 6,318.9 6,242.0 6,259.5 6,245.9 6,230.1 6,237.6 6,240.4 6,273.9 6,282.5 6,303.3 6,334.3 6,363.7 961.2 1,027.1 1,113.5 1,228.0 1,282.7 1,359.1 1,406.9 1,453.8 1,496.6 1,501.9 1,503.1 1,504.7 1,500.7 1,503.1 1,503.2 1,503.1 1,504.7 1,505.9 1,520.4 1,523.5 1,527.6 1,531.4 1,536.0 Farm 29.6 30.5 18.5 36.5 49.7 43.9 29.3 39.4 48.7 29.3 29.1 30.6 28.2 25.8 23.5 29.3 35.2 41.1 36.0 31.0 25.9 28.2 30.5 inventory valuation and capital consumption adjustments. capital consumption adjustment. mainly of social insurance benefits to persons. 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 1,011.7 997.7 1,000.6 1,006.8 1,012.6 1,016.7 1,021.2 1,027.0 1,027.0 1,030.7 1,033.7 1,043.1 1,053.0 1,057.2 215.3 232.4 218.7 204.2 198.4 178.2 146.5 144.9 210.4 268.1 261.9 268.7 273.3 277.9 282.6 285.0 286.7 288.3 293.1 297.7 302.7 304.8 308.4 Total Personal interest income 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 1,792.6 1,773.4 1,761.5 1,762.3 1,763.1 1,763.9 1,776.2 1,788.5 1,800.8 1,788.3 1,775.7 1,763.2 1,774.1 1,785.0 984.2 976.5 911.9 889.8 860.2 987.0 1,127.5 1,266.4 1,308.0 1,238.5 1,241.1 1,248.7 1,241.8 1,234.9 1,228.0 1,231.2 1,234.4 1,237.6 1,239.7 1,241.8 1,243.9 1,239.7 1,235.6 Personal dividend income 376.5 369.5 397.7 423.1 548.3 555.0 702.2 765.1 686.4 554.2 532.3 512.8 520.5 528.2 535.9 545.0 554.1 563.2 548.6 533.9 519.3 534.4 549.4 Personal current transfer receipts 3 1,083.0 1,188.1 1,282.1 1,341.7 1,415.5 1,508.6 1,605.0 1,718.0 1,875.9 2,104.8 2,236.1 2,116.6 2,123.4 2,133.7 2,155.3 2,138.7 2,146.8 2,176.2 2,201.7 2,206.4 2,242.4 2,245.7 2,248.4 Less: Contributions for government social insurance, domestic 705.8 733.2 751.5 778.9 827.3 872.7 921.8 959.3 990.6 965.9 971.4 971.9 961.5 963.8 962.3 959.8 960.9 961.1 979.1 980.4 983.7 987.6 991.7 Source: Department of Commerce, Bureau of Economic Analysis. 3 Consists 5 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00005 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.005 ECOIND g:\graphics\eecoind.005 rfrederick on DSKD9S0YB1PROD with HEARING 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2009: 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 1.3 percent in the first quarter of 2010. Personal income Period Less: Personal current taxes Equals: Disposable personal income Less: Personal outlays 1 Equals: Personal saving Disposable personal income in billions of chained (2005) dollars Per capita disposable personal income Current dollars Billions of dollars 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. 8,559.4 8,883.3 9,060.1 9,378.1 9,937.2 10,485.9 11,268.1 11,894.1 12,238.8 12,019.0 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 1,101.7 10,917.3 10,458.7 213.1 204.9 282.2 289.8 303.7 127.7 235.0 178.9 286.4 458.6 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 9,993.2 25,944 26,805 27,799 28,805 30,287 31,318 33,157 34,445 35,450 35,505 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 32,500 24,185 25,054 25,819 26,832 28,228 29,771 31,174 32,535 33,231 32,812 26,939 27,385 27,841 28,357 29,072 29,771 30,341 30,838 30,479 30,034 3.9 1.4 2.3 1.6 2.5 .4 3.0 1.2 ¥.4 .0 2.9 2.7 3.5 3.5 3.4 1.4 2.4 1.7 2.7 4.2 282,418 285,335 288,133 290,845 293,502 296,229 299,052 302,025 304,831 307,483 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 32,366 32,469 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 33,179 33,494 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 30,110 30,276 .8 4.2 .8 ¥.4 .6 ¥.9 ¥3.2 8.9 ¥9.4 2.4 ¥.5 5.4 ¥4.5 ¥.9 1.3 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 3.7 3.5 299,411 300,213 300,913 301,617 302,406 303,166 303,810 304,445 305,177 305,890 306,496 307,101 307,815 308,521 309,120 2006: III ...... IV ...... 2007: I ......... II ....... III ...... IV ...... 2008: I ......... II ....... III ...... IV ...... 2009: I ......... II ....... III ...... IV ...... 2010: I r ....... 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 12,069.4 12,186.5 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 1,066.1 1,083.0 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 11,003.3 11,103.4 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 10,599.3 10,719.4 227.7 254.8 209.1 183.5 169.4 153.5 126.3 374.4 235.7 409.2 403.1 595.7 431.5 403.9 384.1 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 9,985.5 10,036.8 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. 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 35,665 35,920 Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census). 6 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00006 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.006 ECOIND g:\graphics\eecoind.006 rfrederick on DSKD9S0YB1PROD 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 rfrederick on DSKD9S0YB1PROD with HEARING Total 2001 ................................ 2002 ................................ 2003 ................................ 2004 ................................ 2005 ................................ 2006 ................................ 2007 ................................ 2008 ................................ 2009 ................................ 2010 p .............................. 2008: I .......................... II ......................... III ........................ IV ........................ 2009: I .......................... II ......................... III ........................ IV ........................ 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 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 Direct Government payments 4 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00007 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.007 ECOIND g:\graphics\eecoind.007 Period CORPORATE PROFITS In the first quarter of 2010, according to revised estimates, corporate profits before tax rose $215.1 billion (annual rate) and profits after tax rose $153.8 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 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2006: 2007: 2008: rfrederick on DSKD9S0YB1PROD with HEARING 2009: 2010: 1 See ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ III .................... IV .................... I ...................... II ..................... III .................... IV .................... I ...................... II ..................... III .................... IV .................... I ...................... II ..................... III .................... IV .................... I r .................... 755.7 720.8 762.8 892.2 1,195.1 1,609.5 1,784.7 1,730.4 1,424.5 1,436.7 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 1,586.3 1,810.7 610.0 551.1 604.9 726.4 990.1 1,370.0 1,527.8 1,382.6 1,047.3 1,124.9 1,571.8 1,488.6 1,423.2 1,467.9 1,362.4 1,277.0 1,100.6 1,096.8 1,125.0 866.9 1,011.9 1,053.9 1,154.6 1,279.2 1,477.5 Financial Total 3 Manufacturing 189.6 228.0 265.2 311.8 362.3 443.6 448.0 367.8 278.9 331.2 434.8 422.8 384.2 406.2 378.2 302.5 357.0 330.8 297.5 130.3 253.9 280.7 362.4 427.9 450.5 420.4 323.1 339.7 414.6 627.8 926.4 1,079.9 1,014.9 768.4 793.7 1,137.0 1,065.8 1,039.0 1,061.7 984.2 974.5 743.6 766.0 827.5 736.6 758.0 773.3 792.2 851.4 1,027.1 143.9 49.7 47.7 69.4 154.1 247.2 304.5 278.6 175.5 136.0 336.4 285.0 288.9 316.0 244.0 265.7 187.6 160.1 205.7 148.6 121.6 132.3 129.7 160.5 207.7 Utilities p. 4 for profits with inventory valuation and capital consumption adjustments. rest of the world, not shown separately. industries not shown separately. 2 Includes 3 Includes Wholesale 25.6 25.2 12.3 12.4 19.4 29.8 54.4 49.1 40.1 54.1 60.8 58.4 51.3 46.6 47.3 51.2 33.1 43.1 43.5 40.8 53.6 53.4 61.5 47.8 69.4 58.7 51.3 49.1 54.8 75.6 92.2 103.7 102.2 75.1 87.9 107.4 102.2 107.9 117.0 107.9 76.0 46.6 56.6 85.8 111.5 94.0 87.5 80.6 89.5 105.4 Retail 60.7 72.6 81.6 88.9 93.4 122.6 133.2 121.6 78.2 91.2 136.4 140.7 127.9 137.2 118.7 102.4 75.6 80.2 77.1 79.7 83.1 95.1 98.8 87.8 111.2 772.5 712.7 765.3 903.5 1,229.4 1,640.2 1,822.7 1,774.4 1,462.7 1,427.6 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 1,632.0 1,847.1 265.1 203.3 192.3 243.8 306.1 412.4 473.3 451.5 292.2 314.8 496.6 460.7 469.5 466.5 440.0 430.1 323.2 317.5 304.8 223.3 270.3 305.9 321.0 361.9 423.2 Total 507.4 509.4 573.0 659.7 923.3 1,227.8 1,349.5 1,322.8 1,170.6 1,112.8 1,368.5 1,330.0 1,278.1 1,342.1 1,318.2 1,353.0 1,297.6 1,276.0 1,271.9 836.8 976.1 1,031.1 1,173.9 1,270.1 1,423.9 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00008 Fmt 3401 377.9 370.9 399.3 424.9 550.3 557.3 704.8 767.8 689.9 575.8 727.1 754.5 772.6 778.1 770.6 749.9 719.4 693.7 676.6 669.9 618.1 556.0 549.9 579.0 551.7 129.5 138.5 173.8 234.8 373.0 670.5 644.7 555.1 480.7 537.1 641.4 575.5 505.5 564.0 547.6 603.2 578.2 582.3 595.3 166.9 358.0 475.1 624.1 691.1 872.2 ¥16.8 8.0 ¥2.6 ¥11.3 ¥34.3 ¥30.7 ¥38.0 ¥44.0 ¥38.2 9.1 ¥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 ¥45.6 ¥36.4 NOTE.—Data by industry are based on the North American Industry Classification System (NAICS). Source: Department of Commerce, Bureau of Economic Analysis. 8 VerDate Mar 15 2010 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 first quarter of 2010, according to revised estimates, nonresidential fixed investment in chained (2005) dollars rose $7.1 billion (annual rate) and residential investment fell $9.7 billion. There was an increase of $41.2 billion in inventories following a decrease of $19.7 billion in the fourth quarter. [Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates] Fixed investment Period rfrederick on DSKD9S0YB1PROD with HEARING 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Change in private inventories Nonresidential Total Total Equipment and software Residential Structures Total Nonfarm ................................................................................. ................................................................................. ................................................................................. ................................................................................. ................................................................................. ................................................................................. ................................................................................. .................................................................................. ................................................................................. ................................................................................. 1,970.3 1,831.9 1,807.0 1,871.6 2,058.2 2,172.2 2,230.4 2,146.2 1,989.4 1,527.6 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 1,648.2 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 1,291.0 440.0 433.3 356.6 343.0 346.7 351.8 384.0 441.4 486.8 390.3 895.8 866.9 830.3 851.4 917.3 995.6 1,069.6 1,097.0 1,068.6 890.7 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 358.7 60.2 ¥41.8 12.8 17.3 66.3 50.0 59.4 19.5 ¥25.9 ¥108.2 61.2 ¥41.5 15.6 17.2 58.3 49.8 63.2 20.4 ¥20.4 ¥108.3 2006: III ......................................................................... IV .......................................................................... 2,229.6 2,166.0 2,162.2 2,132.9 1,466.0 1,474.5 393.2 394.6 1,072.0 1,079.3 697.4 660.2 67.5 31.8 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 .......................................................................... 2010: I r ........................................................................... 1,558.5 1,456.7 1,474.4 1,621.0 1,683.2 1,687.5 1,631.9 1,626.7 1,646.6 1,644.4 1,321.2 1,288.4 1,269.0 1,285.5 1,292.6 419.4 400.0 380.2 361.7 346.8 887.5 876.5 879.8 918.9 944.1 367.9 344.4 359.6 362.9 353.2 ¥113.9 ¥160.2 ¥139.2 ¥19.7 41.2 ¥114.9 ¥163.1 ¥141.4 ¥13.7 45.0 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2006: Structures Information processing equipment and software Total fixed investment 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 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... 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 1,648.2 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 1,291.0 1,466.0 1,474.5 440.0 433.3 356.6 343.0 346.7 351.8 384.0 441.4 486.8 390.3 393.2 394.6 895.8 866.9 830.3 851.4 917.3 995.6 1,069.6 1,097.0 1,068.6 890.7 1,072.0 1,079.3 391.9 390.2 379.3 405.0 443.1 475.3 514.8 555.7 588.8 556.7 520.4 524.1 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 172.4 173.7 173.4 185.6 204.6 218.0 227.1 241.5 257.0 240.6 228.5 232.8 168.4 163.2 148.4 156.4 168.1 178.4 191.2 202.3 211.1 202.4 191.9 191.0 175.8 162.8 151.9 151.6 147.4 159.6 172.9 180.9 174.7 133.6 174.7 175.6 186.2 169.6 154.2 140.4 162.3 181.7 196.5 177.4 128.9 66.1 193.7 195.5 150.4 149.3 148.2 155.0 164.4 178.9 185.5 184.1 180.3 145.1 183.4 184.3 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 358.7 697.4 660.2 572.6 575.6 605.9 655.9 720.1 765.2 708.1 575.0 441.5 349.6 687.3 650.2 315.0 315.4 327.7 362.6 406.1 433.5 391.1 283.9 179.7 108.9 374.6 338.0 7.4 7.6 7.9 8.4 9.4 9.8 10.2 10.1 9.8 9.2 10.1 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 .................. 2010: I r ................... 1,687.5 1,631.9 1,626.7 1,646.6 1,644.4 1,321.2 1,288.4 1,269.0 1,285.5 1,292.6 419.4 400.0 380.2 361.7 346.8 887.5 876.5 879.8 918.9 944.1 537.5 544.8 554.9 589.7 598.6 ............. ............. ............. ............. ............. 235.5 236.2 239.2 251.5 257.7 195.8 199.1 203.9 210.7 211.9 140.8 135.2 130.4 128.0 128.3 59.8 62.7 66.0 76.1 82.0 157.3 144.0 140.1 139.1 148.8 367.9 344.4 359.6 362.9 353.2 358.9 335.5 350.5 353.5 343.5 112.9 96.3 110.4 116.2 120.7 9.2 8.9 9.3 9.6 9.8 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 rental trade and social emtrade waretion insur- and assisployhousance leas- technical tance ees ing ing services rfrederick on DSKD9S0YB1PROD with HEARING For companies with employees 1996 ........................ 1997 ........................ 1998 ........................ 1999 ........................ 2000 ........................ 2001 ........................ 2002 ........................ 2003 ........................ 2004 ........................ 2005 ........................ 2006 ........................ 2007 r ....................... 2008 r ....................... 807.1 .............. ........... ............ ......... .......... ........... ............ .......... ............ .......... .......... .......... .......... ........... ........... .......... 871.8 .............. ........... ............ ......... .......... ........... ............ .......... ............ .......... .......... .......... .......... ........... ........... .......... 970.9 896.5 0.9 40.4 36.0 26.9 203.6 29.2 57.3 51.3 96.5 118.2 85.2 22.3 47.1 81.7 74.4 1,047.0 974.6 1.7 30.6 42.8 23.1 196.4 32.4 64.1 57.3 122.8 130.1 100.6 29.5 51.3 91.8 72.3 1,161.0 1,089.9 1.5 42.5 61.3 25.0 214.8 33.6 69.8 59.9 160.2 133.7 92.5 34.1 52.2 108.9 71.2 1,109.0 1,052.3 1.5 51.3 82.8 24.8 192.8 30.0 66.9 57.8 144.8 131.1 82.7 30.5 52.9 102.5 56.7 997.9 917.5 1.9 42.5 65.5 24.8 157.2 26.8 59.3 47.1 88.2 128.4 94.5 25.9 59.3 96.1 80.4 975.0 886.8 1.9 50.5 54.6 23.2 149.1 26.0 65.9 44.5 80.5 120.8 88.0 24.7 61.2 96.2 88.2 1,042.1 953.2 2.1 51.3 50.4 28.6 156.7 32.3 72.2 46.1 83.5 153.6 91.6 26.7 64.6 93.6 88.9 1,144.8 1,062.5 2.7 66.7 58.0 30.1 165.6 40.6 73.5 56.9 91.4 161.4 103.0 33.1 73.8 105.6 82.2 1,309.9 1,217.1 2.7 99.3 69.8 30.3 192.4 36.6 86.7 68.0 104.4 163.1 132.1 30.3 75.3 126.3 92.8 1,354.7 1,270.5 2.1 120.7 85.4 36.7 197.3 30.8 82.5 67.4 106.1 173.4 117.5 31.8 84.2 134.8 84.2 1,375.1 1,295.5 2.4 149.9 98.3 41.7 211.4 32.9 73.4 79.6 103.4 145.4 96.0 32.7 90.0 138.3 79.7 1 Includes the following industries: Management of companies and enterprises; administrative and support and waste management; educational services; arts, entertainment, and recreation; accommodation and food services; and other services (except public administration). Also includes an item for structure and equipment expenditures serving multiple industry categories. NOTE.—Data from Annual Capital Expenditures. Industry data are based on the North American Industry Classification System (NAICS). Data shown in this table are capital expenditures for both new and used structures and equipment. Source: Department of Commerce, Bureau of the Census. 10 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00010 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.010 ECOIND EMPLOYMENT, UNEMPLOYMENT, AND WAGES STATUS OF THE LABOR FORCE In June, employment fell by 301,000 and unemployment fell by 350,000. [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: June ...... July ....... Aug ....... Sept ....... Oct ........ Nov ........ Dec ........ 2010: Jan 2 ...... Feb ........ Mar ....... Apr ........ May ....... June ...... Civilian noninstitutional population (NSA) Civilian labor force Total Men 20 years and over 212,577 215,092 217,570 221,168 223,357 226,082 228,815 231,867 233,788 235,801 235,655 235,870 236,087 236,322 236,550 236,743 236,924 236,832 236,998 237,159 237,329 237,499 237,690 142,583 143,734 144,863 146,510 147,401 149,320 151,428 153,124 154,287 154,142 154,759 154,351 154,426 153,927 153,854 153,720 153,059 153,170 153,512 153,910 154,715 154,393 153,741 136,891 136,933 136,485 137,736 139,252 141,730 144,427 146,047 145,362 139,877 140,038 139,817 139,433 138,768 138,242 138,381 137,792 138,333 138,641 138,905 139,455 139,420 139,119 69,634 69,776 69,734 70,415 71,572 73,050 74,431 75,337 74,750 71,341 71,354 71,255 71,142 70,861 70,662 70,662 70,391 70,390 70,623 70,913 71,358 71,477 71,316 Women 20 years and over 60,067 60,417 60,420 61,402 61,773 62,702 63,834 64,799 65,039 63,699 63,741 63,685 63,552 63,280 63,133 63,269 62,998 63,527 63,538 63,495 63,552 63,505 63,516 Men 20 years and over Both sexes 16–19 years Total 7,189 6,740 6,332 5,919 5,907 5,978 6,162 5,911 5,573 4,837 4,943 4,877 4,740 4,627 4,448 4,450 4,403 4,416 4,480 4,496 4,544 4,438 4,286 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,721 14,534 14,993 15,159 15,612 15,340 15,267 14,837 14,871 15,005 15,260 14,973 14,623 1 Civilian labor force (or employment) as percent of civilian noninstitutional population; and unemployment as percent of civilian labor force. 2 Not strictly comparable with earlier data. NOTE.—Beginning January 2010, data reflect revised population controls and are not strictly comparable with earlier data. 2,376 3,040 3,896 4,209 3,791 3,392 3,131 3,259 4,297 7,555 7,892 7,728 8,055 8,116 8,362 8,239 8,011 7,835 7,848 7,882 7,998 7,760 7,793 Women 20 years and over Both sexes 16–19 years 2,235 2,599 3,228 3,314 3,150 3,013 2,751 2,718 3,342 5,157 5,243 5,225 5,295 5,406 5,554 5,473 5,622 5,422 5,531 5,532 5,712 5,623 5,343 1,081 1,162 1,253 1,251 1,208 1,186 1,119 1,101 1,285 1,552 1,586 1,581 1,643 1,637 1,696 1,627 1,634 1,580 1,491 1,591 1,550 1,590 1,486 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 65.4 65.4 65.1 65.0 64.9 64.6 64.7 64.8 64.9 65.2 65.0 64.7 64.4 63.7 62.7 62.3 62.3 62.7 63.1 63.0 62.2 59.3 59.4 59.3 59.1 58.7 58.4 58.5 58.2 58.4 58.5 58.6 58.8 58.7 58.5 4.0 4.7 5.8 6.0 5.5 5.1 4.6 4.6 5.8 9.3 9.5 9.4 9.7 9.8 10.1 10.0 10.0 9.7 9.7 9.7 9.9 9.7 9.5 69,994 71,359 72,707 74,658 75,956 76,762 77,387 78,743 79,501 81,659 80,895 81,519 81,661 82,396 82,696 83,022 83,865 83,663 83,487 83,249 82,614 83,107 83,949 See Employment and Earnings for details on breaks in series. Source: Department of Labor, Bureau of Labor Statistics. 11 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00011 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.011 ECOIND g:\graphics\eecoind.011 rfrederick on DSKD9S0YB1PROD with HEARING Period Percent 1 Unemployment SELECTED UNEMPLOYMENT RATES In June, the unemployment rate fell to 9.5 percent. [Monthly data seasonally adjusted] Unemployment rate (percent of civilian labor force in group) By race or ethnicity 1 rfrederick on DSKD9S0YB1PROD with HEARING Period All civilian workers 2000 ........................ 2001 ........................ 2002 ........................ 2003 ........................ 2004 ......................... 2005 ......................... 2006 ......................... 2007 ......................... 2008 ......................... 2009 ......................... 2009: June ............. July .............. Aug .............. Sept .............. Oct ............... Nov .............. Dec ............... 2010: Jan ............... Feb ............... Mar .............. Apr ............... May .............. June ............. Men 20 years and over Women 20 years and over 3.3 4.2 5.3 5.6 5.0 4.4 4.0 4.1 5.4 9.6 10.0 9.8 10.2 10.3 10.6 10.4 10.2 10.0 10.0 10.0 10.1 9.8 9.9 3.6 4.1 5.1 5.1 4.9 4.6 4.1 4.0 4.9 7.5 7.6 7.6 7.7 7.9 8.1 8.0 8.2 7.9 8.0 8.0 8.2 8.1 7.8 4.0 4.7 5.8 6.0 5.5 5.1 4.6 4.6 5.8 9.3 9.5 9.4 9.7 9.8 10.1 10.0 10.0 9.7 9.7 9.7 9.9 9.7 9.5 Both sexes 16–19 years White 13.1 14.7 16.5 17.5 17.0 16.6 15.4 15.7 18.7 24.3 24.3 24.5 25.7 26.1 27.6 26.8 27.1 26.4 25.0 26.1 25.4 26.4 25.7 3.5 4.2 5.1 5.2 4.8 4.4 4.0 4.1 5.2 8.5 8.7 8.7 8.9 9.1 9.4 9.3 9.0 8.7 8.8 8.8 9.0 8.8 8.6 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 14.8 14.7 15.2 15.5 15.7 15.6 16.2 16.5 15.8 16.5 16.5 15.5 15.4 3.6 4.5 5.9 6.0 4.4 4.0 3.0 3.2 4.0 7.3 8.2 8.3 7.5 7.4 7.5 7.3 8.4 8.4 8.4 7.5 6.8 7.5 7.7 5.7 6.6 7.5 7.7 7.0 6.0 5.2 5.6 7.6 12.1 12.3 12.4 13.0 12.7 13.1 12.7 12.9 12.6 12.4 12.6 12.5 12.4 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 6.9 6.9 7.1 7.3 7.5 7.5 7.3 6.6 6.8 6.7 6.6 6.7 6.8 00:41 Jul 08, 2010 Jkt 057257 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 11.7 12.6 12.2 11.6 12.9 11.4 13.0 12.3 11.6 11.3 11.0 11.6 12.1 3.8 4.7 5.9 6.1 5.6 5.0 4.5 4.6 5.8 10.0 10.3 10.2 10.5 10.7 11.1 11.0 10.9 10.4 10.5 10.5 10.6 10.4 10.2 4.8 5.1 5.2 5.5 5.3 5.4 5.1 4.9 5.5 6.0 6.0 6.0 6.3 6.4 6.1 5.6 6.0 6.4 6.2 6.7 6.5 6.7 6.4 NOTE.—Data relate to persons age 16 years and over. Source: Department of Labor, Bureau of Labor Statistics. 12 VerDate Mar 15 2010 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 June, 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 rose to 35.2 weeks and the median duration rose to 25.5 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: June .............................. July ............................... Aug ............................... Sept ............................... Oct ................................ Nov ............................... Dec ................................ 2010: Jan ................................ Feb ................................ Mar ............................... Apr ................................ May ............................... June .............................. 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,721 14,534 14,993 15,159 15,612 15,340 15,267 14,837 14,871 15,005 15,260 14,973 14,623 44.9 42.0 34.5 31.7 33.1 35.1 37.3 35.9 32.8 22.2 21.0 21.9 20.0 19.4 20.1 18.2 19.0 19.6 18.3 17.8 18.3 18.7 18.6 31.9 32.3 30.8 29.8 29.2 30.4 30.3 31.5 31.4 26.8 26.6 24.3 27.4 25.3 23.5 23.0 22.7 22.0 22.8 21.7 20.4 20.5 21.0 11.8 14.0 16.3 16.4 15.9 14.9 14.7 15.0 16.0 19.5 22.7 19.6 18.9 19.5 20.4 20.1 18.5 17.2 18.0 16.4 15.4 14.7 14.9 11.4 11.8 18.3 22.1 21.8 19.6 17.6 17.6 19.7 31.5 29.6 34.2 33.6 35.9 36.0 38.7 39.8 41.2 40.9 44.1 45.9 46.0 45.5 1 Beginning January 1994, job losers and persons who completed temporary jobs. 2 Includes State (50 States, District of Columbia, Puerto Rico, and the Virgin Islands), Federal (UCFE), ex-service members (UCX), and Federal and State extended benefit programs. Also includes Temporary Extended Unemployment Compensation (2002–2004), Emergency Unemployment Compensation (2008–2010), and Federal Additional Compensation (2009–2010). 12.6 13.1 16.6 19.2 19.6 18.4 16.8 16.8 17.9 24.4 24.4 25.3 25.2 26.5 27.2 28.6 29.1 30.2 29.7 31.2 33.0 34.4 35.2 5.9 6.8 9.1 10.1 9.8 8.9 8.3 8.5 9.4 15.1 18.2 15.9 15.5 17.8 19.0 20.2 20.5 19.9 19.4 20.0 21.6 23.2 25.5 44.2 51.1 55.0 55.1 51.5 48.3 47.4 49.7 53.7 64.2 65.2 64.8 65.3 66.1 65.2 64.8 63.7 61.9 63.2 62.4 61.0 62.1 63.0 13.7 12.3 10.3 9.3 10.5 11.5 11.8 11.2 10.0 6.2 5.6 6.0 5.6 5.6 5.8 6.0 6.1 6.1 5.7 6.0 6.2 6.5 6.2 34.5 29.9 28.3 28.2 29.5 31.4 32.0 30.3 27.7 22.3 22.6 22.4 21.9 21.0 22.0 20.9 21.9 23.8 22.8 23.6 24.7 23.3 22.9 7.6 6.8 6.4 7.3 8.4 8.8 8.8 8.9 8.6 7.3 6.6 6.8 7.3 7.3 7.1 8.3 8.3 8.2 8.2 8.0 8.1 8.1 7.9 2,110 2,974 3,585 3,531 2,950 2,661 2,476 2,572 3,306 5,723 6,833 6,443 6,449 5,556 5,074 5,632 5,809 6,107 5,531 6,050 4,947 4,656 .............. 301 404 407 404 345 328 313 324 424 565 636 627 500 479 531 546 693 632 478 490 477 409 .......... 2,143 3,012 4,453 4,400 3,103 2,709 2,521 2,612 3,898 9,042 10,329 10,086 10,865 9,912 9,266 10,755 11,611 12,141 11,191 12,607 10,084 10,114 ............... 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00013 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.013 ECOIND g:\graphics\eecoind.013 rfrederick on DSKD9S0YB1PROD with HEARING Weekly average, thousands NONAGRICULTURAL EMPLOYMENT Total nonagricultural employment as measured by the payroll survey fell by 125,000 in June. [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 .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. June ....... July ........ Aug ........ Sept ....... Oct ......... Nov ........ Dec ......... 2010: Jan ......... Feb ........ Mar ........ Apr r ....... May r ....... June p ..... rfrederick on DSKD9S0YB1PROD with HEARING 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2009: 131,785 131,826 130,341 129,999 131,435 133,703 136,086 137,598 136,790 130,920 130,640 130,294 130,082 129,857 129,633 129,697 129,588 129,602 129,641 129,849 130,162 130,595 130,470 110,995 110,708 108,828 108,416 109,814 111,899 114,113 115,380 114,281 108,371 108,075 107,778 107,563 107,377 107,115 107,190 107,107 107,123 107,185 107,343 107,584 107,617 107,700 24,649 23,873 22,557 21,816 21,882 22,190 22,531 22,233 21,334 18,620 18,503 18,375 18,245 18,124 17,993 17,960 17,906 17,876 17,848 17,905 17,972 17,985 17,977 6,787 6,826 6,716 6,735 6,976 7,336 7,691 7,630 7,162 6,037 6,029 5,949 5,885 5,814 5,747 5,732 5,696 5,636 5,585 5,612 5,634 5,604 5,582 17,263 16,441 15,259 14,510 14,315 14,226 14,155 13,879 13,406 11,883 11,782 11,739 11,682 11,634 11,577 11,552 11,534 11,556 11,572 11,591 11,629 11,661 11,670 86,346 86,834 86,271 86,600 87,932 89,709 91,582 93,147 92,947 89,751 89,572 89,403 89,318 89,253 89,122 89,230 89,201 89,247 89,337 89,438 89,612 89,632 89,723 1 Data from the establishment survey. Includes all full- and part-time wage and salary workers in nonagricultural establishments who received pay for any part of the pay period that includes the 12th of the month. Excludes proprietors, self-employed persons, unpaid family workers, and private household workers. Data from the household survey shown on p. 11 include those workers and also count persons as employed when they are not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off. In the series shown here, persons who work at more than one job are counted each time they appear on a payroll, in contrast to the series shown on p. 11 where persons are counted only once—as employed, unemployed, or not in the labor force. See Employment and Earnings for details. 26,225 25,983 25,497 25,287 25,533 25,959 26,276 26,630 26,293 24,949 24,943 24,845 24,819 24,754 24,670 24,678 24,653 24,666 24,667 24,714 24,741 24,737 24,744 Retail trade 15,280 15,239 15,025 14,917 15,058 15,280 15,353 15,520 15,283 14,528 14,546 14,492 14,477 14,429 14,366 14,375 14,360 14,409 14,416 14,439 14,453 14,442 14,436 Information 3,630 3,629 3,395 3,188 3,118 3,061 3,038 3,032 2,984 2,807 2,797 2,785 2,776 2,777 2,774 2,762 2,748 2,745 2,739 2,728 2,727 2,723 2,715 Financial activities 7,687 7,808 7,847 7,977 8,031 8,153 8,328 8,301 8,145 7,758 7,742 7,719 7,695 7,683 7,664 7,666 7,657 7,635 7,628 7,609 7,611 7,599 7,584 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 16,453 16,405 16,371 16,349 16,360 16,466 16,488 16,511 16,567 16,568 16,638 16,663 16,709 00:41 Jul 08, 2010 Jkt 057257 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 13,105 13,101 13,083 13,099 13,045 13,024 12,991 13,003 13,026 13,049 13,085 13,077 13,114 5,168 5,258 5,372 5,401 5,409 5,395 5,438 5,494 5,515 5,364 5,367 5,362 5,353 5,344 5,327 5,321 5,314 5,317 5,310 5,321 5,333 5,336 5,338 20,790 21,118 21,513 21,583 21,621 21,804 21,974 22,218 22,509 22,549 22,565 22,516 22,519 22,480 22,518 22,507 22,481 22,479 22,456 22,506 22,578 22,978 22,770 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 Mar 15 2010 15,109 15,645 16,199 16,588 16,953 17,372 17,826 18,322 18,838 19,191 19,165 19,186 19,221 19,247 19,282 19,313 19,350 19,370 19,400 19,449 19,477 19,497 19,519 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 2009: ................ ................. ................. ................. ................. ................. ................. ................. ................. ................. May ....... June ...... July ....... Aug ....... Sept ...... Oct ........ Nov ....... Dec ....... 2010: Jan ....... Feb ....... Mar ....... Apr r ...... May r ..... June p .... 34.3 34.0 33.9 33.7 33.7 33.8 33.9 33.9 33.6 33.1 33.1 33.0 33.1 33.1 33.1 33.0 33.2 33.2 33.3 33.2 33.3 33.4 33.4 33.4 Total Overtime 41.3 40.3 40.5 40.4 40.8 40.7 41.1 41.2 40.8 39.8 39.5 39.5 39.9 40.0 39.9 40.0 40.5 40.5 40.9 40.5 41.0 41.2 41.5 41.0 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 2.8 3.0 3.0 3.0 3.2 3.4 3.4 3.6 3.5 3.7 3.8 4.0 3.8 Current dollars $14.02 14.54 14.97 15.37 15.69 16.13 16.76 17.43 18.08 18.62 18.55 18.57 18.62 18.69 18.71 18.78 18.80 18.85 18.90 18.92 18.90 18.95 19.00 19.00 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 8.93 8.86 8.87 8.86 8.85 8.86 8.85 8.85 8.85 8.86 8.84 8.88 8.93 .............. $14.32 14.76 15.29 15.74 16.14 16.56 16.81 17.26 17.75 18.23 18.15 18.17 18.26 18.31 18.39 18.41 18.38 18.38 18.42 18.47 18.47 18.48 18.56 18.54 1 Also includes other private industry groups shown on p. 14. 2 Current dollar earnings divided by the consumer price index for urban wage earners and clerical workers (CPI–W) (on a 1982–84=100 base). Current dollars Current dollars 1982–84 dollars 2 $481.01 493.79 506.75 518.06 529.09 544.33 567.87 590.04 607.95 617.11 614.01 612.81 616.32 618.64 619.30 619.74 624.16 625.82 629.37 628.14 629.37 632.93 634.60 634.60 $284.79 284.61 288.09 288.13 286.77 284.99 288.11 290.99 288.06 294.38 295.53 292.37 293.67 293.28 293.02 292.47 293.84 293.92 294.60 294.01 294.41 296.49 298.10 .............. Manufacturing $590.77 595.19 618.75 635.99 658.49 673.30 691.02 711.56 724.46 725.87 716.93 717.72 728.57 732.40 733.76 736.40 744.39 744.39 753.38 748.04 757.27 761.38 770.24 760.14 Percent change from a year earlier, total private nonagricultural Construction Retail trade $685.78 695.89 711.82 726.83 735.55 750.22 781.21 816.66 842.61 852.45 850.89 848.25 857.68 862.60 843.00 845.38 865.24 860.63 874.73 855.81 873.94 893.58 880.11 885.48 $333.38 346.16 360.81 367.15 371.13 377.58 383.02 385.11 386.21 388.72 387.50 386.21 387.50 388.59 389.49 390.20 393.60 394.80 396.72 396.00 396.72 397.92 399.24 399.55 Current dollars 3.9 2.7 2.6 2.2 2.1 2.9 4.3 3.9 3.0 1.5 1.2 .7 1.2 .9 1.5 1.2 2.0 2.2 2.6 2.4 2.7 3.2 3.4 3.6 1982–84 dollars 0.4 ¥.1 1.2 .0 ¥.5 ¥.6 1.1 1.0 ¥1.0 2.2 2.9 2.5 3.9 2.9 3.3 1.5 ¥.3 ¥1.2 ¥.8 ¥.5 ¥.4 .3 .9 ................ 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 12 months earlier Wages and salaries Benefits 1 Total compensation Wages and salaries Benefits 1 Not seasonally adjusted 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec .................................................................. .................................................................. .................................................................. .................................................................. .................................................................. .................................................................. .................................................................. .................................................................. .................................................................. .................................................................. 83.6 87.3 90.0 93.6 97.2 100.0 103.2 106.3 108.9 110.2 86.7 89.9 92.2 95.1 97.6 100.0 103.2 106.6 109.4 110.9 76.7 81.3 84.7 90.2 96.2 100.0 103.1 105.6 107.7 108.8 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. Seasonally adjusted rfrederick on DSKD9S0YB1PROD with HEARING 2007: Mar ................................................................. June ............................................................... Sept ................................................................ Dec ................................................................. 2008: Mar ................................................................. June ............................................................... Sept ................................................................ Dec ................................................................. 2009: Mar ................................................................. June ............................................................... Sept ................................................................ Dec ................................................................. 2010: Mar ................................................................. 103.9 104.8 105.6 106.5 107.2 108.0 108.6 109.1 109.3 109.6 110.0 110.4 111.1 104.3 105.1 105.9 106.7 107.6 108.4 109.1 109.6 109.8 110.1 110.5 111.0 111.4 1 Employer costs for employee benefits. NOTE.—The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shifts among occupations and industries. Data exclude farm and household workers. 103.1 104.2 105.0 105.8 106.5 107.0 107.5 107.9 108.1 108.3 108.6 108.9 110.4 0.6 .9 .8 .9 .7 .7 .6 .5 .2 .3 .4 .4 .6 4.2 4.1 3.1 4.0 3.8 2.9 3.2 3.0 2.4 1.2 3.8 3.8 2.6 3.1 2.6 2.5 3.2 3.3 2.6 1.4 5.6 5.2 4.2 6.5 6.7 4.0 3.1 2.4 2.0 1.0 Not seasonally adjusted 1.0 .8 .8 .8 .8 .7 .6 .5 .2 .3 .4 .5 .4 ¥0.2 1.1 .8 .8 .7 .5 .5 .4 .2 .2 .3 .3 1.4 3.2 3.1 3.1 3.0 3.2 3.0 2.8 2.4 1.9 1.5 1.2 1.2 1.6 3.6 3.3 3.4 3.3 3.2 3.1 2.9 2.6 2.0 1.6 1.4 1.4 1.5 2.2 2.6 2.4 2.4 3.2 2.6 2.4 2.0 1.6 1.3 1.1 1.0 2.0 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 Nonfarm business sector 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 2006 2007 2008 2009 2007: ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ I ................... II ................. III ................ IV ................ 2008: I ................... II ................. III ................ IV ................ 2009: I ................... II ................. III ................ IV ................ 2010: I * ................. 117.2 120.7 126.2 131.0 134.9 137.2 138.5 141.0 144.0 149.4 139.0 140.0 142.0 142.8 142.8 143.8 144.3 145.0 145.3 148.0 150.9 153.4 154.2 116.8 120.2 125.7 130.3 134.0 136.2 137.5 140.1 142.9 148.3 138.3 139.0 141.0 142.0 141.8 142.8 143.2 144.0 144.3 147.0 149.8 152.1 153.2 141.9 143.0 145.8 150.3 156.5 161.8 166.8 170.5 170.5 164.5 168.4 169.8 171.4 172.3 171.7 172.2 170.6 167.4 163.6 163.2 164.1 166.9 168.4 142.2 143.4 146.2 150.6 156.8 162.0 167.1 171.0 170.7 164.5 168.8 170.3 172.0 172.8 172.0 172.6 170.8 167.5 163.7 163.2 164.1 166.9 168.6 121.0 118.4 115.6 114.7 116.1 118.0 120.4 120.9 118.4 110.1 121.1 121.3 120.7 120.6 120.3 119.8 118.2 115.4 112.6 110.3 108.7 108.8 109.2 121.7 119.3 116.3 115.5 117.0 118.9 121.5 122.1 119.4 110.9 122.1 122.5 122.0 121.7 121.3 120.8 119.3 116.3 113.4 111.1 109.6 109.8 110.1 134.6 140.9 145.3 152.3 157.6 163.8 170.1 177.3 182.5 185.7 175.2 176.3 177.7 179.9 180.3 181.0 183.6 185.4 183.5 186.8 186.8 185.9 186.5 134.1 140.1 144.5 151.4 156.6 162.8 169.0 176.1 181.4 184.7 174.3 174.9 176.2 178.8 179.3 179.7 182.4 184.4 182.5 185.9 185.7 184.8 185.5 111.9 114.0 115.6 118.6 119.5 120.2 120.8 122.4 121.4 124.0 122.8 122.1 122.4 122.5 121.3 120.2 120.1 124.3 123.6 125.4 124.2 122.8 122.7 111.5 113.3 115.0 117.9 118.7 119.4 120.0 121.6 120.7 123.3 122.2 121.2 121.4 121.7 120.6 119.4 119.3 123.6 123.0 124.7 123.5 122.0 122.0 114.8 116.7 115.1 116.2 116.9 119.5 122.8 125.7 126.8 124.3 126.0 125.9 125.1 126.0 126.3 125.8 127.2 127.8 126.2 126.2 123.8 121.2 120.9 114.8 116.5 115.0 116.2 116.8 119.5 122.9 125.7 126.9 124.6 126.0 125.8 125.0 125.9 126.4 125.9 127.4 128.1 126.4 126.4 124.0 121.5 121.1 112.6 114.6 115.5 117.1 120.2 124.1 127.7 131.0 133.0 134.3 130.0 130.9 131.4 131.9 132.1 132.5 134.0 133.6 134.3 134.2 134.3 134.4 134.7 113.2 115.1 116.1 117.6 120.4 124.7 128.5 131.5 133.5 135.2 130.5 131.4 131.7 132.2 132.3 132.9 134.4 134.3 135.2 135.1 135.2 135.2 135.5 3.9 1.5 ¥1.3 1.1 .5 2.3 2.8 2.3 1.0 ¥1.9 ¥.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 ¥7.8 ¥1.3 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 .3 .9 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 ¥.2 .9 Percent change; quarterly data at seasonally adjusted annual rates 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2005: 2006: 2007: 2008: 2009: 2010: ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ I ................... II ................. III ................ IV ................ I ................... II ................. III ................ IV ................ I ................... II ................. III ................ IV ................ I ................... II ................. III ................ IV ................ I ................... II ................. III ................ IV ................ I * ................. 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 6.6 2.3 3.4 2.9 4.6 3.7 2.8 1.7 1.0 1.8 2.0 3.7 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 6.3 2.8 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 6.9 3.7 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 7.0 4.0 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 1.4 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 .7 1.1 rfrederick on DSKD9S0YB1PROD with HEARING 1 Output refers to real gross domestic product originating in the sector. 2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on establishment data. 3 Wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans. Also includes an estimate of wages, salaries, and supplemental payments for the self-employed. 4 Hourly compensation divided by the consumer price index for all urban consumers (CPI– U) for recent quarters. The trend from 1978–2009 is based on the consumer price index research series (CPI–U–RS). 5 Current dollar gross domestic output divided by the output index. 7.4 4.7 3.1 4.8 3.5 4.0 3.8 4.2 3.0 1.8 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 ¥1.9 1.2 7.4 4.5 3.2 4.8 3.4 4.0 3.8 4.2 3.0 1.8 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 ¥1.9 1.5 3.9 1.8 1.5 2.5 .8 .6 .5 1.3 ¥.8 2.1 .9 ¥1.0 .0 ¥.8 3.4 ¥2.3 ¥2.2 11.2 .1 ¥2.2 .8 .3 ¥3.6 ¥3.6 ¥.4 14.6 ¥2.0 5.7 ¥3.6 ¥4.5 ¥.2 4.0 1.6 1.5 2.5 .7 .6 .5 1.3 ¥.8 2.2 1.3 ¥.1 ¥.3 ¥1.3 3.1 ¥1.8 ¥2.2 11.6 .3 ¥3.2 .5 1.1 ¥3.5 ¥3.9 ¥.3 15.1 ¥2.0 5.8 ¥3.9 ¥4.5 .0 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 May 27, 2010. Source: Department of Labor, Bureau of Labor Statistics. 16 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00016 Fmt 3401 3.7 1.7 ¥1.3 .9 .6 2.2 2.8 2.4 .8 ¥1.9 ¥.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 ¥8.0 ¥1.0 Sfmt 3401 E:\HR\OC\ECOIND.016 ECOIND PRODUCTION AND BUSINESS ACTIVITY INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production and capacity utilization rose in May. (Series revised.) [Monthly data seasonally adjusted] Percent Period Index, 2007=100 rfrederick on DSKD9S0YB1PROD with HEARING 2000 r 2001 r 2002 r 2003 r 2004 r 2005 r 2006 r 2007 r 2008 r 2009 r 2009: ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... May r ........... June r .......... July r ........... Aug r ............ Sept r ........... Oct r ............ Nov r ............ Dec r ............ 2010: Jan r ............ Feb r ............ Mar r ............ Apr r ............ May p ........... 92.0 88.9 89.1 90.2 92.3 95.3 97.4 100.0 96.7 87.7 85.7 85.5 86.7 87.8 88.4 88.6 89.1 89.6 90.5 90.5 90.8 91.4 92.6 From preceding month .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. ¥0.9 ¥.2 1.4 1.2 .7 .3 .5 .5 1.0 .0 .3 .6 1.3 Industry production indexes, 2007=100 change 2 From year earlier Capacity utilization rate (output as percent of capacity) 1 Manufacturing Total 1 4.0 ¥3.3 .2 1.3 2.3 3.2 2.2 2.7 ¥3.3 ¥9.3 ¥12.9 ¥12.7 ¥11.5 ¥9.3 ¥4.9 ¥5.6 ¥4.1 ¥1.6 1.5 2.3 4.2 5.6 8.0 Durable 90.9 87.3 87.6 88.7 91.2 94.8 97.1 100.0 95.5 85.0 82.9 82.7 84.1 85.3 85.9 86.0 86.8 86.9 87.8 87.6 88.5 89.2 90.2 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. 84.6 80.8 80.7 82.9 86.2 91.1 95.3 100.0 96.4 82.1 79.0 78.6 81.3 82.6 83.6 83.5 84.3 84.5 85.8 85.6 86.9 88.1 89.7 Nondurable 95.9 93.0 94.3 94.5 95.9 98.3 98.9 100.0 94.7 89.0 88.1 88.3 88.3 89.3 89.5 89.8 90.7 90.8 91.3 91.2 91.8 92.2 92.4 Other (nonNAICS) 1 116.4 108.8 105.2 102.1 102.9 102.6 101.4 100.0 93.5 79.9 77.9 78.3 77.9 78.4 78.6 78.2 79.7 79.7 78.1 77.2 76.6 75.5 77.8 Mining Utilities Total industry 102.9 103.4 98.7 98.9 98.1 96.6 99.5 100.0 100.8 95.8 93.7 93.0 94.1 95.8 96.0 96.0 96.7 94.9 96.5 97.8 99.3 100.8 100.4 89.9 89.5 92.3 94.1 95.3 97.3 96.7 100.0 99.9 97.3 96.1 95.8 95.4 95.5 96.6 98.4 95.8 101.2 102.1 102.1 96.2 94.4 99.0 81.5 76.0 74.7 75.9 77.9 80.1 80.7 81.3 77.9 70.0 68.3 68.2 69.1 70.0 70.5 70.7 71.1 71.6 72.3 72.4 72.7 73.1 74.1 Total manufacturing 79.7 73.7 72.8 73.8 76.2 78.5 79.1 79.6 75.0 67.2 65.4 65.4 66.6 67.6 68.1 68.2 69.0 69.1 69.8 69.7 70.5 71.1 71.9 NOTE.—Data based on the North American Industry Classification System (NAICS) except series as defined in footnote 1. Data revised to reflect annual revisions. See Federal Reserve release G.17 (419) Industrial Production and Capacity Utilization: The 2010 Annual Revision, released June 25, 2010, for details on the revisions. Source: Board of Governors of the Federal Reserve System. 17 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 [2007=100; monthly data seasonally adjusted] Products and nonindustrial supplies Final products Consumer goods Equipment Durable goods Business equipment Period Total Total 2000 r 2001 r 2002 r 2003 r 2004 r 2005 r 2006 r 2007 r 2008 r 2009 r Nondurable goods Materials Nonindustrial supplies Total 1 Defense and space equipment Total Construction supplies Business supplies Total 1 Energy .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... 90.9 89.2 88.7 89.8 91.5 95.2 97.7 100.0 96.9 89.4 92.8 91.8 93.7 95.1 96.1 98.7 99.2 100.0 95.8 90.2 91.4 87.3 92.6 95.7 97.1 97.8 98.2 100.0 89.7 74.5 93.4 93.6 94.2 94.9 95.7 99.0 99.6 100.0 97.9 95.6 86.0 82.7 77.1 77.7 81.0 87.3 94.2 100.0 99.3 87.4 89.0 83.7 77.8 77.6 81.7 87.6 95.7 100.0 98.5 86.5 67.8 74.3 75.0 79.7 77.7 85.8 84.5 100.0 102.5 103.6 95.1 91.4 91.5 92.5 94.4 97.8 99.3 100.0 94.3 82.8 96.8 92.4 92.4 92.2 94.4 98.9 101.2 100.0 90.5 75.4 94.4 91.0 91.1 92.7 94.4 97.3 98.4 100.0 96.2 86.5 91.8 87.7 88.6 89.8 92.3 94.4 96.5 100.0 97.3 87.9 99.5 98.3 98.0 98.1 97.7 96.5 98.1 100.0 100.7 98.6 2009: May r ................................................ June r ............................................... July r ................................................ Aug r ................................................ Sept r ................................................ Oct r ................................................. Nov r ................................................ Dec r ................................................. 87.1 86.8 88.1 89.3 90.1 90.8 90.6 91.2 88.2 87.9 89.3 90.5 91.5 92.2 92.1 92.6 69.2 68.2 74.9 76.7 79.4 78.7 80.2 79.5 94.6 94.6 94.1 95.1 95.6 96.7 96.1 97.0 84.8 84.5 85.6 86.7 87.1 87.6 87.3 88.2 83.9 83.6 84.6 85.9 86.1 86.8 86.4 87.4 102.5 102.5 104.4 105.1 106.5 105.5 104.4 103.3 82.0 82.1 82.1 82.6 82.3 82.0 82.7 83.1 75.1 75.2 75.4 75.9 75.1 73.8 75.3 73.6 85.3 85.5 85.4 85.8 85.8 86.1 86.3 87.8 85.6 85.4 86.9 88.1 88.9 88.9 89.9 90.3 96.7 96.4 97.3 98.2 99.1 99.2 99.1 100.2 2010: Jan r ................................................. Feb r ................................................. Mar r ................................................ Apr r ................................................. May p ................................................ 92.4 91.9 92.5 92.9 94.0 93.7 92.9 92.9 92.8 94.1 80.8 80.0 81.1 81.7 83.9 98.0 97.2 96.9 96.6 97.6 89.5 89.9 91.5 93.0 93.8 88.5 88.5 89.7 91.3 92.4 104.7 105.1 107.9 108.2 107.3 83.4 82.9 82.9 83.8 85.2 74.8 74.6 76.3 78.5 79.1 87.6 87.0 86.1 86.4 88.2 91.2 91.9 92.0 92.6 93.8 100.2 101.8 100.5 100.8 101.7 1 Includes other items, not shown separately. Note.—See Note, p. 17. [2007=100; monthly data seasonally adjusted] Durable manufactures Primary metals Period Total rfrederick on DSKD9S0YB1PROD with HEARING 2000 r 2001 r 2002 r 2003 r 2004 r 2005 r 2006 r 2007 r 2008 r 2009 r 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 .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... 99.9 91.0 91.0 89.4 97.3 94.9 97.6 100.0 98.3 67.3 96.5 87.6 88.7 89.3 101.1 93.8 97.8 100.0 103.5 61.8 96.9 89.9 87.6 86.6 86.9 91.0 95.9 100.0 96.4 82.4 98.5 87.1 83.7 83.3 86.8 92.1 96.5 100.0 97.7 76.4 52.9 54.0 52.7 60.2 68.4 76.9 87.1 100.0 109.4 100.4 42.9 44.2 44.0 53.1 60.6 70.9 84.3 100.0 113.5 100.0 88.3 84.9 88.6 89.5 89.3 93.1 94.2 100.0 87.8 76.0 97.4 88.8 97.6 101.1 101.6 102.3 100.7 100.0 80.7 60.6 249.6 215.0 170.1 156.7 134.6 129.1 125.8 100.0 79.7 65.3 108.4 104.8 102.1 98.1 98.5 98.6 97.8 100.0 94.3 79.7 81.4 79.9 85.3 86.7 90.1 93.1 95.4 100.0 94.1 90.9 92.9 93.0 95.0 95.6 95.6 98.6 99.4 100.0 98.6 97.6 2009: May r ................................................ June r ............................................... July r ................................................ Aug r ................................................ Sept r ................................................ Oct r ................................................. Nov r ................................................ Dec r ................................................. 58.4 60.0 66.1 70.0 72.6 73.3 77.5 80.7 47.2 53.3 62.7 68.7 73.5 78.0 79.9 85.8 80.1 80.3 80.5 81.1 81.6 81.6 82.4 82.6 74.8 72.8 72.8 74.0 72.7 74.5 73.5 76.5 98.1 98.2 100.6 102.1 103.6 104.1 105.2 105.6 96.5 97.7 100.9 103.0 105.4 106.9 107.4 107.8 70.0 69.0 76.6 78.4 81.8 80.5 80.7 80.3 51.1 49.1 61.7 64.8 70.4 69.3 71.0 71.2 66.3 62.3 64.4 64.4 63.9 62.5 63.0 64.2 79.0 79.3 78.8 79.0 78.1 78.2 77.5 77.4 89.6 90.3 91.1 91.6 92.3 92.1 93.8 94.3 97.3 97.3 96.4 98.2 98.5 99.4 99.5 99.2 2010: Jan r ................................................. Feb r ................................................. Mar r ................................................ Apr r ................................................. May p ................................................ 82.8 83.4 87.1 87.0 88.4 91.3 91.4 97.0 95.4 97.7 83.3 83.3 84.4 85.7 87.3 78.3 78.6 78.8 82.1 83.7 106.8 108.1 110.3 111.9 114.3 108.5 110.5 112.4 114.5 117.9 81.6 80.6 81.9 81.2 82.9 73.6 71.8 73.3 72.3 76.2 67.1 66.4 65.9 66.9 66.0 77.1 76.0 75.6 76.8 78.0 95.3 94.2 93.9 94.0 93.4 100.0 100.9 101.8 101.7 102.0 1 Computers and peripheral equipment, communications equipment, and semiconductors and related electronic components. Note.—See Note, p. 17. Source: Board of Governors of the Federal Reserve System. 18 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 Commercial (including farm) Office Manufacturing Other 2 2000 .................................... 2001 .................................... 2002 .................................... 2003 .................................... 2004 r ................................... 2005 r ................................... 2006 r ................................... 2007 r ................................... 2008 r ................................... 2009 r ................................... 802.8 840.2 847.9 891.5 991.4 1,104.1 1,167.2 1,152.4 1,067.6 907.8 621.4 638.3 634.4 675.4 771.2 870.0 911.8 863.3 758.8 592.3 346.1 364.4 396.7 446.0 532.9 611.9 613.7 493.2 350.3 245.6 265.0 279.4 298.8 345.7 417.5 480.8 468.8 354.1 230.1 133.6 275.3 273.9 237.7 229.3 238.3 258.1 298.1 370.0 408.6 346.7 16.3 14.5 10.5 9.9 12.0 12.7 17.6 27.5 35.4 25.4 52.4 49.7 35.3 30.6 32.9 37.3 45.7 53.8 55.5 37.9 64.1 63.6 59.0 57.5 63.2 66.6 73.4 85.9 82.7 51.3 37.6 37.8 22.7 21.4 23.2 28.4 32.3 40.2 52.8 58.0 104.9 108.2 110.2 109.9 107.0 113.1 129.2 162.7 182.3 174.2 181.3 201.9 213.4 216.1 220.2 234.2 255.4 289.1 308.7 315.5 2009: May r ........................ June r ....................... July r ........................ Aug r ......................... Sept r ........................ Oct r ......................... Nov r ......................... Dec r ......................... 915.4 907.7 901.2 901.8 894.8 884.7 861.5 841.8 600.7 586.1 576.6 585.1 579.3 571.0 555.8 540.0 234.5 231.1 227.7 242.5 247.4 253.0 249.0 243.0 123.1 122.9 128.1 130.1 130.9 130.6 130.4 130.6 366.2 355.0 348.9 342.6 331.9 318.0 306.8 297.0 29.0 26.9 25.1 23.2 22.2 20.1 18.5 17.2 41.2 39.5 37.8 36.5 33.4 32.8 29.9 29.4 55.1 50.9 48.6 46.2 46.1 42.3 42.2 42.7 63.0 61.4 58.2 57.7 56.2 54.5 52.3 44.0 177.9 176.4 179.3 179.0 174.0 168.3 164.0 163.8 314.7 321.6 324.5 316.7 315.5 313.6 305.7 301.8 2010: Jan r ......................... Feb r ......................... Mar r ........................ Apr r ......................... May p ........................ 841.0 815.8 824.0 843.3 841.9 547.6 524.6 524.4 538.9 536.3 266.2 248.7 249.3 261.7 260.8 129.9 130.5 131.2 134.5 134.6 281.5 275.9 275.1 277.2 275.6 14.1 13.0 12.0 11.2 10.6 28.0 27.7 26.0 24.5 24.0 41.6 40.1 39.0 37.9 37.8 42.6 42.7 45.0 43.7 43.0 155.3 152.4 153.1 159.9 160.3 293.4 291.2 299.6 304.4 305.5 1 Includes residential improvements, not shown separately. 2 Includes health care, educational, communication, and power, among other categories not shown separately. Note.—Data reflect annual revisions released on July 1, 2010. Source: Department of Commerce, Bureau of the Census. NEW PRIVATE HOUSING AND VACANCY RATES [Thousands of units or houses, except as noted] New private housing units Units started, by type of structure Period Total 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... New private houses 1,568.7 1,602.7 1,704.9 1,847.7 1,955.8 2,068.3 1,800.9 1,355.0 905.5 554.0 2–4 units 1 1 unit 1,230.9 1,273.3 1,358.6 1,499.0 1,610.5 1,715.8 1,465.4 1,046.0 622.0 445.1 5 units or more 38.7 36.6 38.5 33.5 42.3 41.1 42.7 31.7 17.5 11.6 299.1 292.8 307.9 315.2 303.0 311.4 292.8 277.3 266.0 97.3 Units authorized 1,592.3 1,636.7 1,747.7 1,889.2 4 2,070.1 2,155.3 1,838.9 1,398.4 905.4 583.0 Units completed Houses sold Houses for sale at end of period 2 Vacancy rate for rental housing units (percent) 3 1,573.7 1,570.8 1,648.4 1,678.7 1,841.9 1,931.4 1,979.4 1,502.8 1,119.7 794.4 877 908 973 1,086 1,203 1,283 1,051 776 485 375 298 308 339 370 422 511 536 497 353 231 8.0 8.4 8.9 9.8 10.2 9.8 9.7 9.8 10.0 10.6 367 396 408 405 391 396 368 356 291 280 270 262 252 242 236 231 ...................... 10.6 ...................... ...................... 11.1 ...................... ...................... 10.7 349 232 232 228 214 213 ...................... ...................... 10.6 ...................... ...................... Seasonally adjusted annual rates 2009: May ........................... June .......................... July ........................... Aug ............................ Sept ........................... Oct ............................. Nov ............................ Dec ............................ 550 583 587 585 586 529 589 576 406 476 500 482 507 475 504 486 9 11 15 7 9 5 9 12 135 96 72 96 70 49 76 78 550 600 587 610 605 576 621 681 812 798 787 790 721 751 850 752 2010: Jan ............................ Feb ............................ Mar r .......................... Apr r ........................... May p .......................... 612 605 634 659 593 511 527 535 565 468 7 16 8 13 13 94 62 91 81 112 629 650 685 610 574 662 668 643 742 687 1 Derived; seasonally adjusted monthly data for 2–4 units are no longer published. adjusted. series. Quarterly data entered in last month of quarter. 4 Based on 20,000 permit-issuing places. Based on 19,000 places, the total for 2004 is 2,052.1 thousand units. 2 Seasonally rfrederick on DSKD9S0YB1PROD with HEARING 3 Revised r 347 389 446 300 NOTE.—Beginning 2004, units authorized are for 20,000 permit-issuing places. For other data shown, units authorized are for 19,000 places. Source: Department of Commerce, Bureau of the Census. 19 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00019 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.019 ECOIND BUSINESS SALES AND INVENTORIES—Manufacturing and Trade In April, according to current estimates, manufacturing and trade sales rose 0.6 percent and inventories rose $6.0 billion. According to advance estimates, retail sales fell 1.4 percent in May. Retail and food services sales fell 1.2 percent. [Millions of dollars, except ratios; seasonally adjusted, except as noted] Manufacturing and trade 1 Sales 2 Inventories 3 .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... .......................................................... 834,325 818,615 823,714 854,559 925,277 1,002,939 1,065,569 1,124,749 1,154,682 1,003,274 1,196,993 1,119,541 1,139,673 1,147,796 1,240,354 1,310,916 1,405,709 1,482,537 1,474,215 1,329,337 2009: Apr r ............................................... May r .............................................. June ............................................... July ............................................... Aug ................................................ Sept ............................................... Oct ................................................. Nov ................................................ Dec ................................................ 973,357 976,588 989,903 997,652 1,009,859 1,010,895 1,023,485 1,047,001 1,057,078 1,393,526 1,378,189 1,358,727 1,345,468 1,326,093 1,322,194 1,327,175 1,331,921 1,329,337 rfrederick on DSKD9S0YB1PROD with HEARING 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Inventorysales ratio 4 Retail Inventory sales ratio 4 1.41 1.42 1.36 1.34 1.30 1.27 1.28 1.29 1.32 1.37 234,546 232,096 236,294 247,624 276,213 299,630 324,142 346,119 367,564 313,174 308,906 297,135 300,813 307,550 338,542 365,037 395,634 420,779 436,423 390,453 1.29 1.32 1.25 1.22 1.17 1.18 1.18 1.18 1.21 1.29 249,063 255,644 261,194 272,319 289,983 308,136 323,464 333,771 329,930 305,932 406,730 394,554 415,977 432,084 461,253 472,038 486,502 498,302 478,823 428,946 1.59 1.58 1.55 1.56 1.56 1.51 1.49 1.48 1.51 1.45 274,518 282,131 288,845 301,572 321,217 341,289 358,818 370,960 368,110 344,223 1.43 1.41 1.37 1.35 1.31 1.31 1.30 1.27 1.26 301,970 305,446 308,123 310,491 313,562 315,975 319,030 330,869 332,897 411,072 407,542 400,535 395,608 390,396 387,349 389,434 393,627 390,453 1.36 1.33 1.30 1.27 1.25 1.23 1.22 1.19 1.17 298,297 300,711 304,851 305,299 312,576 304,888 310,202 315,401 315,752 452,142 445,255 440,798 436,520 426,344 428,757 428,774 428,102 428,946 1.52 1.48 1.45 1.43 1.36 1.41 1.38 1.36 1.36 336,671 339,088 343,108 343,490 350,727 343,050 348,321 353,863 354,098 316,980 429,197 1.35 318,054 430,249 1.35 325,435 433,910 1.33 r 327,429 434,797 1.33 323,007 ................ ................ 355,197 357,272 364,836 r 366,915 362,517 2010: Jan ................................................ 1,063,822 1,331,665 1.25 335,870 391,038 1.16 Feb ................................................ 1,066,760 1,340,176 1.26 339,739 393,220 1.16 Mar r ............................................... 1,093,913 1,349,012 1.23 348,691 396,057 1.14 Apr p ............................................... 1,100,703 1,354,994 1.23 351,141 397,810 1.13 May p .............................................. .................. .................. ................ ................ ................ ................ 1 See page 21 for manufacturing. data are averages of monthly not seasonally adjusted figures; monthly data are seasonally adjusted totals for month. 3 Seasonally adjusted, end of period. 2 Annual 4 Annual data are averages of seasonally adjusted monthly ratios. Source: Department of Commerce, Bureau of the Census. 20 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00020 Retail and food services sales 2 Inventories 3 Sales 2 Fmt 3401 Inventories 3 Inventory sales ratio 4 Sales 2 Sfmt 3401 E:\HR\OC\ECOIND.020 ECOIND G:\graphics\eecoind.020 Period Wholesale MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS In May, manufacturers’ shipments, inventories, and new orders fell while unfilled orders rose. Manufacturers’ shipments 1 Manufacturers’ inventories 2 Manufacturers’ new orders 1 Durable goods Period Total Durable goods Nondurable goods Durable goods Total Nondurable goods Total Total Capital goods industries, nondefense Manufacturers’ unfilled orders 2 Manufacturers’ inventory— shipments ratio 3 Millions of dollars, seasonally adjusted, except as noted 350,715 330,875 326,227 334,616 359,081 395,173 417,963 444,859 457,189 384,168 370,431 376,929 381,862 383,721 390,032 394,253 400,731 408,429 410,972 408,967 419,787 422,133 416,813 197,807 181,201 176,968 178,549 188,722 202,070 213,516 224,653 218,725 183,154 176,178 175,996 183,564 182,319 185,857 185,949 187,705 192,426 192,141 189,328 193,305 197,099 196,421 152,908 149,674 149,259 156,067 170,359 193,103 204,447 220,206 238,464 201,014 194,253 200,933 198,298 201,402 204,175 208,304 213,026 216,003 218,831 219,639 226,482 225,034 220,392 481,357 427,852 422,883 408,162 440,559 473,841 523,573 563,456 558,969 509,938 525,392 517,394 513,340 509,353 506,088 508,967 510,192 509,938 511,430 516,707 519,045 522,387 520,432 1 Annual data are averages of monthly not seasonally adjusted figures; monthly data are seasonally adjusted totals for month. Shipments are the same as sales. 2 Seasonally adjusted, end of period. 3 Annual data are averages of seasonally adjusted monthly ratios. NOTE.—Manufacturers’ nondurable new orders (not shown) are the same as nondurable shipments. Also, there are no unfilled nondurable orders; data shown for total unfilled orders are durable unfilled orders. 306,472 267,628 260,366 246,823 264,895 283,756 317,786 335,615 338,808 295,335 314,153 307,985 304,403 300,186 297,925 296,632 295,936 295,335 295,440 297,545 299,463 301,985 304,706 174,885 160,224 162,517 161,339 175,664 190,085 205,787 227,841 220,161 214,603 211,239 209,409 208,937 209,167 208,163 212,335 214,256 214,603 215,990 219,162 219,582 220,402 215,726 346,789 322,736 316,835 330,432 354,655 395,383 419,417 456,124 453,583 371,038 361,322 365,278 374,824 373,332 381,676 385,773 390,090 394,645 406,306 407,985 415,012 419,055 413,247 193,881 173,062 167,577 174,366 184,296 202,280 214,970 235,918 215,118 170,024 167,069 164,345 176,526 171,930 177,501 177,469 177,064 178,642 187,475 188,346 188,530 194,021 192,855 69,278 58,240 51,858 53,086 56,179 65,849 71,713 84,340 73,685 53,799 53,791 53,264 59,075 53,579 56,574 57,481 56,072 55,795 59,563 64,937 60,600 65,483 64,715 549,193 514,132 462,279 478,545 497,801 574,104 661,749 868,116 892,699 793,288 828,981 820,690 819,234 814,274 810,520 807,298 801,847 793,288 794,513 798,552 797,869 800,948 802,805 1.35 1.38 1.28 1.24 1.19 1.17 1.20 1.22 1.28 1.36 1.42 1.37 1.34 1.33 1.30 1.29 1.27 1.25 1.24 1.26 1.24 1.24 1.25 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00021 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.021 ECOIND g:\graphics\eecoind.021 .................................................... .................................................... .................................................... .................................................... .................................................... .................................................... .................................................... .................................................... .................................................... .................................................... May .......................................... June ......................................... July .......................................... Aug .......................................... Sept .......................................... Oct ........................................... Nov .......................................... Dec ........................................... 2010: Jan ........................................... Feb ........................................... Mar .......................................... Apr r ......................................... May p ........................................ rfrederick on DSKD9S0YB1PROD with HEARING 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2009: PRICES PRODUCER PRICES The producer price index for all finished goods fell 0.3 percent in May. Prices of finished consumer foods fell 0.6 percent and prices of other finished consumer goods fell 0.4 percent. Capital equipment prices rose 0.1 percent. [1982=100; monthly data seasonally adjusted] Finished goods Total finished goods Finished goods excluding consumer foods Consumer foods Consumer goods Total rfrederick on DSKD9S0YB1PROD with HEARING Total 2000 ......................... 2001 ......................... 2002 ........................ 2003 ........................ 2004 ........................ 2005 ........................ 2006 ........................ 2007 ........................ 2008 ........................ 2009 ........................ 2009: May ............. June ............ July ............. Aug .............. Sept ............. Oct ............... Nov .............. Dec .............. 2010: Jan r ............. Feb .............. Mar .............. Apr .............. May ............. 1 Intermediate 138.0 140.7 138.9 143.3 148.5 155.7 160.4 166.6 177.1 172.5 170.6 173.7 171.6 174.1 173.3 173.6 176.2 177.1 179.4 178.8 180.0 179.8 179.3 137.2 141.3 140.1 145.9 152.7 155.7 156.7 167.0 178.3 175.5 174.2 176.0 173.7 174.3 174.3 176.5 177.7 180.1 180.5 181.4 185.7 185.4 184.2 138.1 140.4 138.3 142.4 147.2 155.5 161.0 166.2 176.6 171.1 169.0 172.4 170.3 173.2 172.3 172.2 175.0 175.7 178.4 177.4 177.8 177.7 177.3 138.4 141.4 138.8 144.7 150.9 161.9 169.2 175.6 189.1 179.4 176.1 181.0 177.9 182.2 180.9 181.2 185.4 186.3 190.4 188.9 189.6 189.2 188.5 Durable Nondurable 133.9 134.0 133.0 133.1 135.0 136.6 136.9 138.3 141.2 144.3 144.5 145.4 144.7 145.4 144.7 143.3 144.2 144.1 144.7 144.8 144.8 145.0 145.4 materials for food manufacturing and feeds. 138.7 142.8 139.8 148.4 156.6 172.0 182.6 191.7 210.5 194.1 188.6 195.5 191.2 197.3 195.6 196.9 202.6 204.1 209.8 207.5 208.6 208.0 206.6 Capital equipment 138.8 139.7 139.1 139.5 141.4 144.6 146.9 149.5 153.8 156.7 156.8 157.2 157.0 157.5 157.2 156.3 156.9 156.9 157.2 157.2 157.2 157.5 157.7 Total 138.2 141.5 139.4 145.3 151.7 160.4 166.0 173.5 186.3 179.1 176.3 180.4 177.5 180.9 179.9 180.7 184.1 185.5 188.6 187.7 189.3 189.0 188.1 129.2 129.7 127.8 133.7 142.6 154.0 164.0 170.7 188.3 172.5 169.4 171.3 170.4 173.3 173.3 174.0 176.0 177.3 180.6 180.6 181.6 183.0 183.7 Foods and feeds 1 111.7 115.9 115.5 125.9 137.1 133.8 135.2 154.4 181.6 166.0 166.3 168.2 164.6 165.1 165.7 165.5 167.3 170.3 169.8 168.9 168.0 168.9 169.6 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Other Total Foodstuffs and feedstuffs Other 130.1 130.5 128.5 134.2 143.0 155.1 165.4 171.5 188.7 173.0 169.7 171.6 171.0 174.1 174.1 174.8 176.8 177.9 181.6 181.7 182.9 184.3 184.9 120.6 121.0 108.1 135.3 159.0 182.2 184.8 207.1 251.8 175.2 168.7 175.9 170.1 177.8 173.9 186.1 193.9 197.1 213.8 206.6 213.3 210.8 204.9 100.2 106.1 99.5 113.5 127.0 122.7 119.3 146.7 163.4 134.5 136.7 134.9 128.5 129.3 127.9 135.4 136.9 141.3 144.8 143.5 148.4 149.8 148.9 130.4 126.8 111.4 148.2 179.2 223.4 230.6 246.3 313.9 197.5 183.6 198.8 194.1 207.9 201.8 217.4 230.6 232.3 260.2 248.1 255.7 249.7 239.6 Source: Department of Labor, Bureau of Labor Statistics. 22 VerDate Mar 15 2010 Crude materials Frm 00022 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.022 ECOIND G:\GRAPHICS\eecoind.022 Period Intermediate materials Total finished consumer goods CONSUMER PRICES—ALL URBAN CONSUMERS In May, the consumer price index for all urban consumers fell 0.2 percent; it rose 0.1 percent not seasonally adjusted. The index was 2.0 percent above its year-earlier level. [1982–84=100, except as noted; monthly data seasonally adjusted, except as noted] Housing Transportation Shelter Seasonally adjusted Rel. imp.3 ............... 2000 ....................... 2001 ....................... 2002 ....................... 2003 ....................... 2004 ....................... 2005 ....................... 2006 ....................... 2007 ....................... 2008 ....................... 2009 ....................... 100.0 172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.342 215.303 214.537 .............. 13.7 42.0 32.3 6.0 .............. 167.8 169.6 193.4 183.9 .............. 173.1 176.4 200.6 192.1 .............. 176.2 180.3 208.1 199.7 .............. 180.0 184.8 213.1 205.5 .............. 186.2 189.5 218.8 211.0 .............. 190.7 195.7 224.4 217.3 .............. 195.2 203.2 232.1 225.1 .............. 202.916 209.586 240.611 234.679 .............. 214.106 216.264 246.666 243.271 .............. 217.955 217.057 249.354 248.812 25.2 5.1 3.7 16.7 4.5 6.5 198.7 137.9 129.6 153.3 129.3 260.8 206.3 150.2 127.3 154.3 124.7 272.8 214.7 143.6 124.0 152.9 116.6 285.6 219.9 154.5 120.9 157.6 135.8 297.1 224.9 161.9 120.4 163.1 160.4 310.1 230.2 179.0 119.5 173.9 195.7 323.2 238.2 194.7 119.5 180.9 221.0 336.2 246.235 200.632 118.998 184.682 239.070 351.054 252.426 220.018 118.907 195.549 279.652 364.065 256.610 210.696 120.078 179.252 201.978 375.613 8.6 77.7 124.6 181.3 129.3 186.1 121.7 190.5 136.5 193.2 151.4 196.6 177.1 200.9 196.9 205.9 207.723 210.729 236.666 215.572 193.126 219.235 2009: May ............ June ........... July ........... Aug ............ Sept ........... Oct ............. Nov ............ Dec ............ 213.856 215.693 215.351 215.834 215.969 216.177 216.330 215.949 213.050 214.558 214.774 215.566 215.911 216.357 216.859 217.224 217.906 217.886 217.358 217.419 217.262 217.335 217.482 217.801 217.078 216.929 216.727 216.805 216.721 216.926 216.881 216.880 249.637 249.715 249.463 249.643 249.558 249.644 249.173 249.216 249.159 249.295 249.247 249.218 249.133 248.946 248.786 248.788 256.878 257.000 256.999 257.226 256.942 256.952 256.721 256.708 208.458 206.983 206.814 207.457 207.380 209.288 211.881 211.685 119.468 120.172 120.665 120.608 120.894 120.555 120.247 120.684 172.263 179.469 180.592 184.037 185.514 187.266 189.647 191.018 176.448 206.455 208.886 223.329 225.955 226.620 232.878 236.762 374.426 375.146 375.774 376.896 378.409 379.184 380.212 380.732 179.862 193.214 194.149 201.267 202.380 203.606 208.041 209.699 218.920 219.265 219.533 219.687 220.035 220.459 220.546 220.764 2010: Jan Feb Mar Apr May 216.687 216.741 217.631 218.009 218.178 217.587 217.591 217.729 217.579 217.224 218.339 218.494 219.032 219.396 219.459 216.185 216.181 216.280 216.129 216.172 248.029 247.976 247.812 247.855 248.080 248.885 248.813 248.957 248.982 249.015 256.509 256.449 256.170 256.091 256.166 212.757 213.770 216.172 215.725 214.885 120.613 119.814 119.316 118.459 118.740 193.593 193.332 193.195 192.243 189.994 248.088 244.826 242.182 236.628 224.806 382.737 384.703 386.007 386.905 387.136 215.536 214.379 214.376 211.324 205.093 220.463 220.579 220.664 220.768 221.037 Period rfrederick on DSKD9S0YB1PROD with HEARING All items less food and energy Not seasonally adjusted (NSA) ............ ............ ............ ............ ............ Food Rent of primary residence Total 1 Total 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 Owners’ equivalent rent (12/82= 100) Fuels and utilities Apparel Total 1 Motor fuel Medical care Energy 2 3 Relative importance, December 2009. Source: Department of Labor, Bureau of Labor Statistics. 23 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ Change, Dec. to Dec., NSA 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. 3.6 ¥1.6 1.2 4.0 4.2 5.4 1.1 6.2 ¥.9 4.3 1.7 1.8 ¥.6 7.7 3.1 1.7 1.7 7.6 3.2 1.2 5.5 ¥3.9 2.9 4.1 5.5 8.8 .4 7.7 ¥4.8 7.4 1.2 0 ¥.6 .8 2.4 1.2 2.3 1.4 4.3 ¥.1 3.8 2.0 ¥1.3 3.2 3.6 4.8 3.0 3.9 6.3 ¥2.6 Change, month to month 2009: May ...... June ..... July ...... Aug ....... Sept ...... Oct ........ Nov ....... Dec ....... 2010: Jan r ...... Feb ....... Mar ....... Apr ....... May ...... 0.0 1.8 ¥1.2 1.5 ¥.5 .2 1.5 .5 ¥1.4 1.0 ¥1.3 .3 .0 1.3 .7 1.4 1.3 .2 r .5 2.4 ¥.2 ¥.6 r ¥.3 .7 ¥.1 ¥.3 0.6 2.8 ¥1.7 2.4 ¥.7 .2 2.3 .5 ¥0.1 .3 ¥.1 .3 ¥.2 ¥.6 .4 .0 ¥0.7 10.0 2.4 8.5 ¥.9 4.7 4.9 9.1 ¥2.7 4.7 ¥6.6 .2 ¥3.8 6.6 8.0 14.0 0.0 16.6 6.6 14.6 ¥.2 7.6 7.2 12.5 ¥0.5 .5 .0 1.8 .0 ¥1.8 ¥1.5 ¥.8 ¥2.0 5.1 .5 3.8 4.4 3.5 6.7 4.0 ¥6.9 ¥2.2 ¥4.9 ¥1.3 .3 ¥.2 4.1 4.7 ¥1.6 10.0 2.5 7.0 7.8 7.1 10.8 5.9 0.5 .4 ¥.1 .6 .3 ¥.9 .1 ¥.4 ¥4.8 ¥4.4 ¥6.9 ¥4.4 ¥4.9 ¥2.0 2.2 4.3 14.0 6.0 6.7 r .9 1.1 9.4 8.6 13.0 r 11.3 6.3 21.9 7.8 7.3 r ¥2.5 ¥.8 2.3 .8 .8 r .8 1.3 9.3 5.5 7.9 7.3 3.5 8.0 8.3 13.5 10.3 7.4 14.5 7.5 9.8 9.0 3.4 .3 ¥.4 .0 1.5 1.0 4.5 4.4 6.0 5.5 5.3 2.2 .2 r ¥.8 r .0 .4 ¥.2 ¥.4 .0 .2 .1 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 0.4 .4 .5 ¥1.4 .5 1.4 1.0 ¥.2 ¥.8 .1 .0 ¥.2 .1 3.0 17.0 1.2 6.9 1.2 .3 2.8 1.7 4.8 ¥1.3 ¥1.1 ¥2.3 ¥5.0 0.3 .2 .2 .3 .4 .2 .3 .1 .5 .5 .3 .2 .1 0.4 7.4 .5 3.7 .6 .6 2.2 .8 2.8 ¥.5 .0 ¥1.4 ¥2.9 0.1 .2 .1 .1 .2 .2 .0 .1 ¥.1 .1 .0 .0 .1 .......... 1.9 .......... .......... 3.7 .......... .......... 2.6 .......... .......... 1.5 .......... .......... 0.3 3.7 3.7 4.8 2.5 3.0 2.4 2.5 2.3 1.4 .9 .0 ¥.7 0.1 3.1 2.7 2.5 3.1 3.4 3.6 2.5 2.6 1.9 1.7 1.1 .3 ¥1.3 ¥1.4 ¥2.1 ¥1.5 ¥1.3 ¥.2 1.8 2.7 2.6 2.1 2.3 2.2 2.0 rfrederick on DSKD9S0YB1PROD with HEARING Change, month to month 2009: May ............... June .............. July .............. Aug ............... Sept .............. Oct ................ Nov ............... Dec ............... 2010: Jan ............... Feb ............... Mar ............... Apr ............... May ............... 0.1 .7 .1 .4 .2 .2 .2 .2 .2 .0 .1 ¥.1 ¥.2 ¥0.2 .0 ¥.2 .0 ¥.1 .0 .1 .1 .2 .1 .2 .2 .0 ¥0.1 ¥.1 ¥.1 .0 .0 .1 .0 .0 ¥.3 .0 .0 ¥.1 .0 0.1 .0 ¥.1 .1 .0 .0 ¥.2 .0 ¥.5 .0 ¥.1 .0 .1 0.1 .1 .0 .0 .0 ¥.1 ¥.1 .0 .0 .0 .1 .0 .0 0.1 .0 .0 .1 ¥.1 .0 ¥.1 .0 ¥.1 .0 ¥.1 .0 .0 ¥1.3 ¥.7 ¥.1 .3 .0 .9 1.2 ¥.1 .5 .5 1.1 ¥.2 ¥.4 1 Includes 0.0 .6 .4 .0 .2 ¥.3 ¥.3 .4 ¥.1 ¥.7 ¥.4 ¥.7 .2 items not shown separately. fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc., excluded beginning 1983. 2 Household 0.9 4.2 .6 1.9 .8 .9 1.3 .7 1.3 ¥.1 ¥.1 ¥.5 ¥1.2 3 Quarterly changes are shown in the last month of the quarter. Source: Department of Labor, Bureau of Labor Statistics. 24 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00024 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.024 ECOIND PRICES RECEIVED AND PAID BY FARMERS In June, prices paid by farmers fell 0.5 percent and prices received by farmers fell 1.4 percent. (Data are not seasonally adjusted.) [1990–92=100; not seasonally adjusted] Prices received by farmers rfrederick on DSKD9S0YB1PROD 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 90 103 122 119 111 130 130 112 119 123 124 128 134 142 150 161 183 179 117 121 121 125 133 141 150 162 188 183 115 120 119 124 132 140 148 160 190 182 81 83 79 84 88 81 77 85 82 73 2009: June ................... July .................... Aug .................... Sept ................... Oct ..................... Nov .................... Dec .................... 133 130 126 126 134 135 135 157 149 145 141 151 152 148 111 112 109 108 110 115 119 180 178 177 176 177 178 178 184 182 180 180 180 181 182 184 182 180 179 179 181 181 74 73 71 72 76 76 76 2010: Jan .................... Feb .................... Mar .................... Apr .................... May r .................. June p ................. 139 135 140 138 141 139 152 147 153 149 152 147 122 123 128 128 131 130 183 182 182 183 183 182 187 186 185 187 186 185 186 185 184 186 186 185 76 74 77 75 77 76 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 May, M2 rose. [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 r ....................................................................................... Dec r ....................................................................................... Dec r ....................................................................................... Dec r ....................................................................................... Dec r ....................................................................................... Dec r ....................................................................................... 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 1,696.4 4,912.6 5,427.8 5,776.6 6,065.5 6,407.1 6,671.6 7,071.7 7,501.4 8,239.7 8,543.9 18,166.1 19,298.3 20,716.9 22,444.5 24,443.4 26,770.4 29,186.1 31,717.4 33,615.8 34,654.8 ¥3.1 8.7 3.2 7.1 5.4 ¥.1 ¥.5 .6 15.9 6.4 6.1 10.5 6.4 5.0 5.6 4.1 6.0 6.1 9.8 3.7 5.0 6.3 7.4 8.1 8.8 9.5 9.0 8.7 6.0 3.1 2009: May ........................................................................................ June r ..................................................................................... July ........................................................................................ Aug ........................................................................................ Sept r ...................................................................................... Oct ......................................................................................... Nov ........................................................................................ Dec r ....................................................................................... 2010: Jan ........................................................................................ Feb ........................................................................................ Mar r ....................................................................................... Apr r ....................................................................................... May ........................................................................................ 1,593.0 1,641.0 1,649.9 1,648.3 1,660.9 1,674.6 1,687.6 1,696.4 1,679.8 1,713.7 1,712.2 1,700.9 1,705.6 8,415.4 8,442.1 8,437.7 8,414.5 8,455.2 8,487.8 8,522.7 8,543.9 8,485.5 8,541.0 8,512.0 8,480.1 8,560.5 ............................ 34,309.7 ............................ ............................ 34,541.4 ............................ ............................ 34,654.8 ............................ ............................ 35,010.1 ............................ ............................ 9.9 5.8 9.7 11.0 12.4 10.3 11.9 6.8 3.6 7.9 6.2 3.1 2.1 8.9 4.9 3.3 1.8 1.5 3.5 2.6 2.4 1.1 3.0 1.3 ¥.2 .9 ...................... 4.3 ...................... ...................... 2.7 ...................... ...................... 1.3 ...................... ...................... 3.5 ...................... ...................... rfrederick on DSKD9S0YB1PROD 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 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00026 Fmt 3401 M1 M2 From previous period 3 Debt NOTE.—The Federal Reserve no longer publishes the M3 monetary aggregate and most of its components. Institutional money market mutual funds continue to be published as a memorandum item in the H.6 release, and the component on large-denomination time deposits is published in other Federal Reserve Board releases. For details, see H.6 release of March 23, 2006. See p. 27 for components. Source: Board of Governors of the Federal Reserve System. 26 VerDate Mar 15 2010 Percent change From year or 6 months earlier 2 Sfmt 3401 E:\HR\OC\ECOIND.026 ECOIND g:\graphics\eecoind.026 Period Debt COMPONENTS OF MONEY STOCK [Averages of daily figures; billions of dollars, seasonally adjusted] Period 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: 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 .... 531.2 581.1 626.3 662.5 697.7 724.1 749.6 759.8 815.3 862.2 8.3 8.0 7.8 7.7 7.5 7.2 6.7 6.3 5.5 5.1 309.9 335.7 306.8 326.4 343.5 325.0 305.3 301.9 459.7 443.5 238.4 257.4 279.6 310.3 328.3 319.1 306.3 307.8 314.3 385.7 133.2 142.0 154.3 175.2 187.0 180.9 177.7 174.4 180.2 234.1 105.2 115.4 125.3 135.0 141.3 138.2 128.6 133.5 134.1 151.5 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 4,847.8 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 4,007.3 454.0 570.7 713.6 824.8 875.5 829.0 784.0 828.8 772.7 840.6 1,046.0 974.6 894.7 817.9 827.7 992.0 1,203.7 1,272.7 1,452.7 1,170.8 700.8 636.1 591.3 541.8 551.4 645.2 778.8 856.2 1,074.2 852.1 345.3 338.5 303.5 276.1 276.3 346.8 425.0 416.5 378.5 318.7 900.4 961.8 887.8 777.8 695.1 699.3 802.3 976.7 1,080.3 828.8 820.3 1,222.9 1,275.8 1,135.5 1,087.7 1,158.8 1,365.5 1,922.0 2,412.4 2,218.8 2009: May ..... June .... July ..... Aug ..... Sept ..... Oct ...... Nov r .... Dec r .... 849.2 852.3 854.2 857.7 861.4 862.6 861.8 862.2 5.3 5.2 5.1 5.1 5.1 5.1 5.1 5.1 401.9 434.0 435.7 426.9 430.4 432.6 435.6 443.5 336.6 349.5 354.9 358.6 364.0 374.3 385.2 385.7 195.1 210.4 215.2 219.1 222.3 226.3 236.5 234.1 141.5 139.1 139.8 139.5 141.7 148.0 148.7 151.5 4,438.4 4,466.9 4,506.6 4,546.0 4,632.4 4,716.1 4,787.1 4,847.8 3,621.3 3,640.9 3,671.9 3,715.6 3,789.7 3,861.3 3,952.4 4,007.3 817.2 825.9 834.6 830.5 842.7 854.9 834.7 840.6 1,384.4 1,361.6 1,334.1 1,304.4 1,268.7 1,230.4 1,199.3 1,170.8 1,021.5 1,003.2 980.6 962.1 935.8 902.3 877.4 852.1 362.9 358.4 353.5 342.3 332.9 328.1 322.0 318.7 999.5 972.7 947.2 915.7 893.2 866.7 848.7 828.8 2,530.3 2,512.6 2,492.1 2,446.4 2,405.6 2,338.0 2,280.3 2,218.8 2010: Jan ...... Feb ...... Mar ..... Apr r ..... May ..... 861.2 867.3 871.6 877.3 881.2 5.1 5.1 5.0 5.0 4.9 437.0 456.4 445.6 450.4 446.9 376.5 384.9 390.0 368.2 372.6 221.5 227.7 234.7 213.9 216.0 155.0 157.2 155.2 154.2 156.6 4,855.7 4,910.8 4,935.1 4,955.7 5,046.6 4,010.3 4,050.8 4,064.5 4,090.7 4,165.8 845.4 860.0 870.6 865.1 880.7 1,142.7 1,125.3 1,104.9 1,086.5 1,069.4 827.9 813.9 796.9 782.6 769.0 314.9 311.4 308.0 303.9 300.4 807.2 791.3 759.8 737.0 738.9 2,176.6 2,105.1 2,021.3 1,940.3 1,891.4 1 Savings deposits including money market deposit accounts (MMDAs). deposits are those issued in amounts of less than $100,000. money funds are not part of non-M1 M2. NOTE.—See Note, p. 26. Source: Board of Governors of the Federal Reserve System. 2 Small-denomination 3 Institutional AGGREGATE RESERVES AND MONETARY BASE [Averages of daily figures 1; millions of dollars; seasonally adjusted, except as noted by NSA] Adjusted for changes in reserve requirements Borrowings from the Federal Reserve (NSA) Other borrowings from the Federal Reserve Reserves of depository institutions Period Total 2 rfrederick on DSKD9S0YB1PROD with HEARING 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec 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 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 38,724 41,428 40,339 42,630 46,540 45,088 43,219 43,214 820,304 1,138,597 38,515 41,361 40,259 42,585 46,477 44,919 43,028 27,783 166,739 968,670 37,399 39,785 38,331 41,583 44,631 43,188 41,357 41,429 52,972 63,187 1,325 1,643 2,008 1,047 1,909 1,900 1,862 1,784 767,332 1,075,410 584,984 635,567 681,648 720,391 759,378 787,578 812,410 824,373 1,654,067 2,017,692 210 67 80 46 63 169 191 15,431 653,566 169,927 .............. .............. .............. .............. .............. .............. .............. 11,613 438,327 82,014 .............. .............. .............. 17 11 97 111 3,787 88,245 19,025 .............. .............. .............. .............. .............. .............. .............. .............. 47,631 0 .............. .............. .............. .............. .............. .............. .............. .............. 32,102 0 .............. .............. .............. .............. .............. .............. .............. .............. 47,206 22,023 .............. .............. .............. .............. .............. .............. .............. .............. .............. 46,310 2009: June ........... July ............ Aug ............ Sept ............ Oct ............. Nov ............. Dec ............. 809,196 794,994 828,466 922,473 1,056,405 1,140,488 1,138,597 370,473 428,033 497,017 615,646 791,347 923,181 968,670 57,841 62,015 62,639 62,408 61,673 63,200 63,187 751,355 732,979 765,827 860,065 994,732 1,077,288 1,075,410 1,679,686 1,666,475 1,703,378 1,800,960 1,936,564 2,018,817 2,017,692 438,722 366,961 331,450 306,827 265,058 217,307 169,927 316,868 255,119 224,490 196,731 155,396 110,049 82,014 37,302 34,366 32,147 29,243 25,163 20,434 19,025 0 0 0 0 0 0 0 18,891 6,230 184 79 28 0 0 43,057 43,108 40,021 39,074 41,222 43,222 22,023 22,552 27,993 33,898 41,036 42,765 43,497 46,310 2010: Jan ............. Feb ............. Mar r ........... Apr r ............ May r ........... June p .......... 1,108,869 1,224,492 1,186,299 1,116,838 1,109,491 1,099,213 966,727 1,113,265 1,094,655 1,036,613 1,033,865 1,029,316 62,856 62,415 65,701 66,441 64,582 64,164 1,046,013 1,162,077 1,120,599 1,050,397 1,044,909 1,035,049 1,986,809 2,109,311 2,075,404 2,010,528 2,007,403 1,998,655 142,142 111,227 91,644 80,225 75,626 69,897 54,209 23,677 7,286 796 0 0 16,407 14,258 11,136 6,468 4,198 288 0 0 0 0 0 0 0 0 0 0 0 0 23,213 25,544 25,252 25,739 26,397 25,937 47,342 46,874 47,306 46,617 44,565 43,401 1 Data are prorated averages of biweekly (maintenance period) averages of daily figures. Reserves and monetary base incorporate adjustments for discontinuities, or ‘‘breaks,’’ associated with changes in reserve requirements. 2 Seasonally adjusted break-adjusted required reserves plus unadjusted excess reserves. 3 Seasonally adjusted break-adjusted total reserves less unadjusted total borrowings of depository institutions from the Federal Reserve. 4 Includes secondary and seasonal, and other credit extensions, not shown separately. credit extended through the Primary Dealer Credit Facility and credit extended to other broker-dealers. 6 Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees. Source: Board of Governors of the Federal Reserve System. 5 Includes 27 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 0.6 percent in May. [Billions of dollars, seasonally adjusted 1] Securities in bank credit 2 Period rfrederick on DSKD9S0YB1PROD with HEARING 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: 2009: Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec r .......................... May ........................... June .......................... July .......................... Aug ........................... Sept .......................... Oct ............................ Nov ........................... Dec r .......................... 2010: Jan r .......................... Feb r .......................... Mar r .......................... Apr r .......................... May ........................... Total securities 5,029.4 5,216.3 5,643.5 6,005.5 6,576.1 7,291.3 8,075.3 8,877.8 9,352.7 9,013.1 9,315.2 9,279.3 9,195.6 9,153.6 9,062.8 8,977.3 9,045.6 9,013.1 8,942.6 8,889.1 8,956.1 9,262.8 9,198.2 1,195.9 1,329.4 1,517.6 1,647.0 1,744.7 1,856.1 1,992.3 2,105.0 2,100.4 2,331.1 2,199.2 2,236.3 2,267.1 2,297.9 2,305.1 2,294.9 2,304.5 2,331.1 2,335.3 2,338.9 2,328.7 2,327.3 2,304.6 U.S. Treasury and agency securities 781.1 838.1 1,002.9 1,086.4 1,143.9 1,133.8 1,185.9 1,107.7 1,238.5 1,438.0 1,259.5 1,294.7 1,341.2 1,379.1 1,395.9 1,389.8 1,402.8 1,438.0 1,437.8 1,446.7 1,457.4 1,501.5 1,495.4 Total loans and leases 3 Other securities 414.9 491.3 514.7 560.5 600.7 722.4 806.4 997.3 861.9 893.1 939.7 941.6 925.9 918.7 909.2 905.1 901.6 893.1 897.5 892.2 871.3 825.8 809.3 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. 3,833.5 3,886.9 4,125.9 4,358.6 4,831.4 5,435.2 6,083.0 6,772.8 7,252.3 6,681.9 7,115.9 7,043.0 6,928.4 6,855.7 6,757.7 6,682.4 6,741.1 6,681.9 6,607.3 6,550.2 6,627.4 6,935.5 6,893.6 Commercial and industrial loans 1,087.1 1,023.9 962.0 899.6 927.5 1,055.6 1,201.3 1,444.2 1,618.3 1,317.5 1,521.3 1,489.8 1,451.3 1,421.0 1,387.4 1,355.0 1,339.8 1,317.5 1,288.7 1,270.8 1,257.0 1,254.8 1,245.0 Real estate loans Total 4 1,637.9 1,758.4 2,009.6 2,208.1 2,548.5 2,920.2 3,360.7 3,591.8 3,816.3 3,784.0 3,879.6 3,859.3 3,830.6 3,810.1 3,761.5 3,734.9 3,804.2 3,784.0 3,757.0 3,721.5 3,707.1 3,714.6 3,700.4 Revolving home equity loans 129.7 153.4 212.8 278.7 395.3 443.1 467.4 484.4 588.7 602.5 612.5 610.0 606.8 605.8 603.0 600.7 604.3 602.5 600.2 599.6 600.0 603.0 599.5 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00028 Fmt 3401 .............. .............. .............. .............. 1,076.4 1,268.0 1,454.8 1,583.6 1,725.4 1,646.2 1,712.5 1,704.4 1,695.3 1,688.0 1,677.7 1,663.7 1,657.9 1,646.2 1,627.3 1,618.2 1,608.1 1,597.2 1,584.4 Consumer loans 5 532.0 549.4 578.9 635.5 685.6 697.0 731.2 792.2 859.7 829.1 859.4 856.8 852.4 849.7 846.4 843.5 838.7 829.1 814.0 813.4 894.1 1,177.9 1,164.8 Other loans and leases 6 576.5 555.1 575.4 615.4 669.8 762.3 789.8 944.6 958.0 751.3 855.6 837.1 794.3 775.0 762.4 749.0 758.4 751.3 747.6 744.5 769.1 788.2 783.4 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 Mar 15 2010 Commercial loans Sfmt 3401 E:\HR\OC\ECOIND.028 ECOIND g:\graphics\eecoind.028 Total bank credit Loans and leases in bank credit SOURCES AND USES OF FUNDS, NONFARM NONFINANCIAL CORPORATE BUSINESS [Billions of dollars; quarterly data at seasonally adjusted annual rates] Sources Uses External (Net increase in liabilities) Funds raised in markets Period Total 2000 ................ 2001 ................ 2002 ................ 2003 ................ 2004 r ............... 2005 r ............... 2006 r ............... 2007 r ............... 2008 r ............... 2009 r ............... 2008: I r .......... II r ........ III r ....... IV r ....... 2009: I r .......... II r ........ III r ....... IV r ....... 2010: I p ......... 1,972.3 862.9 907.8 853.3 1,553.0 2,052.3 1,928.3 2,386.6 1,735.1 1,520.7 1,602.9 1,632.4 1,960.7 1,744.3 1,544.9 1,418.4 1,451.0 1,668.6 1,677.3 Internal 1 734.9 767.7 822.9 839.9 944.0 1,091.1 1,091.8 1,109.3 1,148.0 1,154.1 1,102.8 1,107.2 1,233.4 1,148.5 1,141.3 1,140.4 1,158.8 1,176.0 1,220.7 Credit market instruments Total 1,237.4 95.2 84.9 13.4 609.0 961.2 836.5 1,277.3 587.1 366.6 500.1 525.2 727.3 595.8 403.6 278.0 292.2 492.6 456.6 Total net funds raised 244.5 161.0 17.3 47.5 74.7 ¥15.8 ¥94.4 ¥32.1 44.7 ¥59.9 67.3 271.5 123.4 ¥283.2 ¥33.9 82.8 80.7 ¥369.2 81.1 Total Net new equity issues ¥118.2 ¥48.1 ¥16.2 ¥39.6 ¥122.7 ¥341.8 ¥565.7 ¥786.8 ¥336.0 ¥63.3 ¥430.0 ¥218.2 ¥342.8 ¥352.9 ¥133.1 126.4 65.7 ¥312.2 ¥207.6 Securities and mortgages Total 362.7 209.2 33.6 87.1 197.4 326.0 471.3 754.7 380.7 3.4 497.3 489.7 466.1 69.6 99.2 ¥43.6 15.0 ¥57.0 288.7 1 Profits before tax (book) less taxes on corporate income, less net dividends, plus capital consumption allowance (consumption of fixed capital plus capital consumption adjustment), foreign earnings retained abroad, inventory valuation adjustment, and net capital transfers. 2 Includes trade payables, taxes payable, and miscellaneous liabilities (foreign direct investment in the U.S., pension fund contributions payable, and other). 187.1 398.6 166.6 216.7 133.0 259.2 307.2 369.9 249.8 353.6 262.3 409.9 134.3 192.6 587.0 384.1 246.7 196.3 370.6 Loans and shortterm paper Other 2 175.6 ¥189.4 ¥133.0 ¥129.5 64.4 66.9 164.0 384.9 131.0 ¥350.2 235.0 79.9 331.8 ¥122.9 ¥487.9 ¥427.8 ¥231.7 ¥253.4 ¥81.9 992.9 ¥65.7 67.5 ¥34.0 534.4 977.0 930.8 1,309.4 542.4 426.6 432.8 253.6 603.9 879.0 437.5 195.2 211.5 861.8 375.5 2,166.5 1,015.5 917.0 881.0 1,654.0 1,929.4 1,839.3 2,252.0 1,206.3 1,348.0 1,396.4 1,476.5 1,178.8 773.8 990.5 1,342.6 1,455.9 1,602.8 1,635.7 Capital expenditures 3 967.9 845.3 782.5 798.2 878.4 986.8 1,142.0 1,182.8 1,189.8 878.8 1,214.0 1,193.1 1,188.6 1,163.6 929.4 821.7 809.8 954.0 1,004.2 Increase in financial assets 1,198.6 170.2 134.5 82.8 775.6 942.6 697.3 1,069.2 16.5 469.2 182.4 283.4 ¥9.8 ¥389.8 61.1 520.9 646.1 648.8 631.5 Discrepancy (sources less uses) ¥194.3 ¥152.6 ¥9.3 ¥27.7 ¥101.0 122.8 88.9 134.5 528.7 172.8 206.5 155.9 781.9 970.6 554.4 75.7 ¥4.9 65.8 41.6 3 Nonresidential fixed investment plus residential fixed investment, inventory change with inventory valuation adjustment, and nonproduced nonfinancial assets. Source: Board of Governors of the Federal Reserve System. CONSUMER CREDIT [Billions of dollars; seasonally adjusted] Consumer credit outstanding (end of period) Period Total rfrederick on DSKD9S0YB1PROD with HEARING 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2009: 2009: Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec r .............................................................................. Apr ............................................................................... May .............................................................................. June ............................................................................. July .............................................................................. Aug .............................................................................. Sept .............................................................................. Oct ............................................................................... Nov ............................................................................... Dec r .............................................................................. 2010: Jan r .............................................................................. Feb r .............................................................................. Mar r ............................................................................. Apr 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 2,448.8 2,521.6 2,514.6 2,506.1 2,497.8 2,495.3 2,486.9 2,479.7 2,456.3 2,448.8 2,452.2 2,444.4 2,439.0 2,440.0 1 Change based on data in billions of dollars as shown here. For year-end data, change from preceding year-end; for monthly data, change from preceding month. 2 Includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations. These loans may be secured or unsecured. 683.5 715.2 750.9 768.2 799.8 830.5 872.2 942.9 958.1 866.0 926.8 917.4 912.6 911.9 903.8 895.9 889.2 875.5 866.0 858.9 850.2 846.5 838.0 Nonrevolving 2 1,033.0 1,151.0 1,219.9 1,308.4 1,392.3 1,461.2 1,513.5 1,579.9 1,602.9 1,582.8 1,594.8 1,597.1 1,593.5 1,585.9 1,591.5 1,591.0 1,590.5 1,580.8 1,582.8 1,593.3 1,594.2 1,592.5 1,602.0 Net change in consumer credit outstanding 1 Total 185.4 149.7 104.6 105.8 115.5 99.6 94.0 137.1 38.3 ¥112.3 ¥14.7 ¥7.0 ¥8.5 ¥8.3 ¥2.5 ¥8.4 ¥7.2 ¥23.4 ¥7.5 3.4 ¥7.8 ¥5.4 1.0 Revolving 72.8 31.7 35.7 17.3 31.6 30.7 41.7 70.7 15.2 ¥92.1 ¥8.3 ¥9.4 ¥4.8 ¥.7 ¥8.1 ¥7.9 ¥6.7 ¥13.7 ¥9.5 ¥7.1 ¥8.7 ¥3.7 ¥8.5 Nonrevolving 2 112.6 118.0 68.9 88.5 83.9 68.9 52.3 66.4 23.0 ¥20.1 ¥6.3 2.3 ¥3.6 ¥7.6 5.6 ¥.5 ¥.5 ¥9.7 2.0 10.5 .9 ¥1.7 9.5 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00029 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.029 ECOIND INTEREST RATES AND BOND YIELDS Overall, interest rates fell in June. [Percent per annum] Constant rfrederick on DSKD9S0YB1PROD with HEARING Period 3-month bills (at auction) 1 2000 ....................... 2001 ....................... 2002 ....................... 2003 ....................... 2004 ....................... 2005 ....................... 2006 ....................... 2007 ....................... 2008 ....................... 2009 ....................... 2009: June ........... July ............ Aug ............. Sept ............ Oct .............. Nov ............. Dec ............. 2010: Jan .............. Feb .............. Mar ............. Apr ............. May ............ June ........... Week ended: 2010: June 5 ....... 12 ........ 19 ........ 26 ........ July 3 ........ 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 1.76 1.55 1.65 1.48 1.46 1.32 1.38 1.49 1.40 1.51 1.64 1.32 1.17 6.03 5.02 4.61 4.01 4.27 4.29 4.80 4.63 3.66 3.26 3.72 3.56 3.59 3.40 3.39 3.40 3.59 3.73 3.69 3.73 3.85 3.42 3.20 5.94 5.49 * * * * 4.91 4.84 4.28 4.08 4.52 4.41 4.37 4.19 4.19 4.31 4.49 4.60 4.62 4.64 4.69 4.29 4.13 5.77 5.19 5.05 4.73 4.63 4.29 4.42 4.42 4.80 4.64 4.84 4.69 4.58 4.13 4.20 4.35 4.16 4.22 4.23 4.22 4.24 4.15 4.18 7.62 7.08 6.49 5.67 5.63 5.24 5.59 5.56 5.63 5.31 5.61 5.41 5.26 5.13 5.15 5.19 5.26 5.26 5.35 5.27 5.29 4.96 4.88 .............. .............. .............. 2.12 2.34 4.19 5.96 5.86 2.39 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .16 .13 .07 .12 .16 1.26 1.21 1.22 1.13 1.01 3.31 3.22 3.26 3.17 2.99 4.21 4.15 4.18 4.10 3.94 4.13 4.14 4.21 4.21 4.20 4.98 4.90 4.93 4.84 4.69 .50 .50 .50 .50 .50 30 00:41 Jul 08, 2010 Primary credit 5.85 3.44 1.62 1.01 1.38 3.16 4.73 4.41 1.48 .16 .17 .19 .18 .13 .08 .05 .07 .06 .10 .15 .15 .16 .12 1 High bill rate at auction, issue date within period, bank-discount basis. Data are stop yields from uniform-price auctions. 2 Yields on actively traded issues adjusted to constant maturities. 3 Weekly data are Wednesday figures. 4 Discount window borrowing for primary credit and discount rate (adjustment credit). The rate for primary credit replaced the rate for adjustment credit. 5 Average effective rate for year; rate in effect at end of month or week. VerDate Mar 15 2010 Discount window (N.Y. F.R. Bank) 4 5 Jkt 057257 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 .21 .16 .16 .15 .12 .12 .12 .11 .13 .16 .20 .20 .18 7.52 7.00 6.43 5.80 5.77 5.94 6.63 6.41 6.05 5.14 5.17 5.40 5.32 5.26 5.14 5.08 5.01 5.04 5.08 5.09 5.21 5.12 .............. * * * * * 3.25 3.25 3.25 3.25 3.25 .19 .19 .18 .18 .15 .............. .............. .............. .............. .............. 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 June. Common stock prices 1 New York Stock Exchange indexes 2 3 (December 31, 2002=5,000) Nasdaq composite index (Feb. 5, 1971=100) 6 Dividendprice ratio Earningsprice ratio Composite Financial Energy Health Care ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... 6,805.89 6,397.85 5,578.89 5,447.46 6,612.62 7,349.00 8,357.99 9,648.82 8,036.88 6,091.02 ................ ................ ................ 5,583.00 6,822.18 7,383.70 8,654.40 9,321.39 6,278.38 3,987.04 .................. .................. .................. 5,273.90 6,952.36 9,377.84 11,206.94 13,339.99 13,258.42 10,020.30 ................ ................ ................ 5,288.67 5,924.80 6,283.96 6,685.06 7,191.79 6,171.19 5,546.63 10,734.90 10,189.13 9,226.43 8,993.59 10,317.39 10,547.67 11,408.67 13,169.98 11,252.62 8,876.15 1,427.22 1,194.18 993.94 965.23 1,130.65 1,207.23 1,310.46 1,477.19 1,220.04 948.05 3,783.67 2,035.00 1,539.73 1,647.17 1,986.53 2,099.32 2,263.41 2,578.47 2,161.65 1,845.38 1.15 1.32 1.61 1.77 1.72 1.83 1.87 1.86 2.37 2.40 3.63 2.95 2.92 3.84 4.89 5.36 5.78 5.29 3.54 1.86 2009: June ............................................ July ............................................. Aug .............................................. Sept ............................................. Oct ............................................... Nov .............................................. Dec .............................................. 5,985.64 6,026.55 6,577.18 6,839.88 6,986.35 7,079.38 7,167.51 3,924.19 4,000.66 4,646.60 4,844.93 4,918.07 4,848.04 4,734.07 10,189.64 9,765.09 10,295.91 10,791.73 11,342.57 11,486.95 11,335.23 5,224.16 5,410.22 5,706.96 5,838.22 5,931.28 6,155.21 6,430.25 8,593.00 8,679.75 9,375.06 9,634.97 9,857.34 10,227.55 10,433.44 926.12 935.82 1,009.72 1,044.55 1,067.66 1,088.07 1,110.38 1,826.99 1,873.84 1,997.16 2,084.75 2,122.85 2,143.53 2,220.60 2.35 2.31 2.12 2.06 2.02 1.99 1.95 .82 .................. .................. 1.19 .................. .................. 4.57 2010: Jan ............................................... Feb .............................................. Mar .............................................. Apr .............................................. May ............................................. June ............................................ 7,257.37 6,958.36 7,349.86 7,607.49 7,010.08 6,767.75 4,795.75 4,567.29 4,942.17 5,187.03 4,689.81 4,484.05 11,548.08 10,840.96 11,194.52 11,690.25 10,491.24 9,960.54 6,523.83 6,320.43 6,453.81 6,391.99 5,929.68 5,838.56 10,471.24 10,214.51 10,677.52 11,052.15 10,500.19 10,159.27 1,123.58 1,089.16 1,152.05 1,197.32 1,125.06 1,083.36 2,267.77 2,194.44 2,362.24 2,475.72 2,319.24 2,235.23 1.92 2.00 1.90 1.84 1.98 2.09 .................. .................. 5.21 .................. .................. .................. Week ended: 2010: June 5 ........................................ 12 ......................................... 19 ......................................... 26 ......................................... July 3 ......................................... 6,740.34 6,653.30 6,950.84 6,836.41 6,524.64 4,465.29 4,379.18 4,599.78 4,556.44 4,328.49 9,891.60 9,854.08 10,316.95 10,037.05 9,448.92 5,772.31 5,740.00 5,969.57 5,884.05 5,766.81 10,115.20 10,007.86 10,377.99 10,266.20 9,840.37 1,084.20 1,069.32 1,110.60 1,090.20 1,039.29 2,256.40 2,193.13 2,294.55 2,249.20 2,131.64 2.05 2.14 2.02 2.05 2.19 .................. .................. .................. .................. .................. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 rfrederick on DSKD9S0YB1PROD with HEARING Dow Jones industrial average 4 1 Average of daily closing prices. all the stocks (in 2009, over 3,800) listed on the NYSE. January 9, 2003, the NYSE relaunched the composite index with changes in methodology, definitions, and based on Dec. 31, 2002=5,000. Effective January 8, 2004 new indexes for Financial, Energy, and Health Care were introduced by the NYSE. Previous indexes shown for Industrial, Transportation, Utility, and Finance were discontinued. 4 Includes 30 stocks. 2 Includes 3 Effective 5 Includes 500 stocks. over 2,700 stocks, in 2009. & Poor’s series. Dividend-price ratios based on Wednesday closing prices. Earnings-price ratios based on prices at end of quarter. 6 Includes 7 Standard Sources: New York Stock Exchange, Dow Jones & Company, Inc., Standard & Poor’s, and Nasdaq Stock Market. 31 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 eighth month of fiscal 2010, there was a deficit of $935.6 billion, compared with a deficit of $992.0 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 8 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 1,373.1 1,346.0 2,365.1 2,281.6 ¥992.0 ¥935.6 930.3 919.5 2,011.8 ¥1,081.5 1,903.2 ¥983.7 442.8 426.4 353.3 378.4 89.5 48.0 11,286.9 12,955.1 rfrederick on DSKD9S0YB1PROD with HEARING 1 Data from current issue Monthly Treasury Statement. Outlays 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 (¥) 00:41 Jul 08, 2010 Jkt 057257 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 7,011.3 8,486.7 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 Mar 15 2010 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 eighth month of fiscal 2010, receipts were $27.1 billion lower than a year earlier and outlays were $83.5 billion lower. [Billions of dollars] On-budget and off-budget receipts rfrederick on DSKD9S0YB1PROD with HEARING Total Individual income taxes Corporation income taxes On-budget and off-budget outlays National defense Other Total Total Department of Defense, military International affairs Health Medicare Income Social security security Net interest Other 1992 1993 1994 1995 1996 1997 1998 1999 ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ 1,091.2 1,154.3 1,258.6 1,351.8 1,453.1 1,579.2 1,721.7 1,827.5 476.0 509.7 543.1 590.2 656.4 737.5 828.6 879.5 100.3 117.5 140.4 157.0 171.8 182.3 188.7 184.7 413.7 428.3 461.5 484.5 509.4 539.4 571.8 611.8 101.3 98.8 113.7 120.1 115.4 120.1 132.6 151.5 1,381.5 1,409.4 1,461.8 1,515.8 1,560.5 1,601.1 1,652.5 1,701.8 298.3 291.1 281.6 272.1 265.7 270.5 268.2 274.8 286.8 278.5 268.6 259.4 253.1 258.3 255.8 261.2 16.1 17.2 17.1 16.4 13.5 15.2 13.1 15.2 89.5 99.4 107.1 115.4 119.4 123.8 131.4 141.0 119.0 130.6 144.7 159.9 174.2 190.0 192.8 190.4 199.6 210.0 217.2 223.8 229.7 235.0 237.8 242.5 287.6 304.6 319.6 335.8 349.7 365.3 379.2 390.0 199.3 198.7 202.9 232.1 241.1 244.0 241.1 229.8 172.1 157.9 171.5 160.2 167.2 157.3 188.9 218.1 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ 2,025.2 1,991.1 1,853.1 1,782.3 1,880.1 2,153.6 2,406.9 2,568.0 2,524.0 2,105.0 1,004.5 994.3 858.3 793.7 809.0 927.2 1,043.9 1,163.5 1,145.7 915.3 207.3 151.1 148.0 131.8 189.4 278.3 353.9 370.2 304.3 138.2 652.9 694.0 700.8 713.0 733.4 794.1 837.8 869.6 900.2 890.9 160.6 151.8 146.0 143.9 148.4 154.0 171.2 164.7 173.8 160.5 1,789.0 1,862.9 2,010.9 2,159.9 2,292.9 2,472.0 2,655.1 2,728.7 2,982.6 3,517.7 294.4 304.7 348.5 404.7 455.8 495.3 521.8 551.3 616.1 661.0 281.0 290.2 331.8 387.1 436.4 474.1 499.3 528.5 594.6 636.7 17.2 16.5 22.3 21.2 26.9 34.6 29.5 28.5 28.9 37.5 154.5 172.2 196.5 219.5 240.1 250.5 252.7 266.4 280.6 334.3 197.1 217.4 230.9 249.4 269.4 298.6 329.9 375.4 390.8 430.1 253.7 269.8 312.7 334.6 333.1 345.8 352.5 366.0 431.3 533.2 409.4 433.0 456.0 474.7 495.5 523.3 548.5 586.2 617.0 683.0 222.9 206.2 170.9 153.1 160.2 184.0 226.6 237.1 252.8 186.9 239.7 243.2 273.1 302.6 311.8 339.8 393.5 317.9 365.2 651.6 2010 (estimates) ......................... 2011 (estimates) .......................... 2,165.1 935.8 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 Cumulative total, first 8 months: 1 Fiscal year 2009 ...................... Fiscal year 2010 ...................... 1,373.1 1,346.0 69.4 81.5 609.2 587.9 102.0 2,365.1 130.2 2,281.6 435.9 462.4 419.1 443.3 24.0 29.2 218.7 243.1 278.8 293.0 362.6 447.2 450.4 465.4 132.7 145.4 462.1 195.9 592.6 546.4 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 Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 first quarter of 2010, according to revised estimates, Federal current receipts rose $82.4 billion (annual rate) while Federal current expenditures rose $115.0 billion. [Billions of dollars; quarterly data at seasonally adjusted annual rates] Federal Government current receipts Total Total 1 rfrederick on DSKD9S0YB1PROD with HEARING Calendar year: 2000 ................. 2001 ................ 2002 ................ 2003 ................ 2004 ................ 2005 ................ 2006 ................ 2007 ................ 2008 ................ 2009 ................ 2006: III ............ IV ............ 2007: I ............... II ............. III ............ IV ............ 2008: I ............... II ............. III ............ IV ............ 2009: I ............... II ............. III ............ IV ............ 2010: I 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 2,224.9 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 2,222.7 2,305.1 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 1,164.4 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 1,170.6 1,242.1 Personal current taxes 995.6 991.8 828.6 774.2 799.2 931.9 1,049.9 1,168.1 1,102.5 828.7 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 1,120.2 900.3 829.9 795.8 788.8 807.9 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 99.9 98.6 94.9 94.8 95.4 93.6 92.7 93.1 91.8 90.2 85.7 91.6 93.5 98.5 101.6 Taxes on corporate income 219.4 164.7 150.5 197.8 250.3 341.0 395.0 370.2 212.3 231.0 415.5 384.6 393.6 387.3 358.5 341.3 243.1 231.2 218.5 156.5 192.0 223.8 238.1 270.2 319.3 698.6 723.3 739.3 762.8 807.6 852.6 904.6 944.4 974.5 949.1 904.0 917.8 937.3 938.8 943.8 957.6 970.0 973.0 978.5 976.4 953.0 954.3 945.7 943.5 963.9 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 48.2 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 51.7 44.1 25.7 27.0 26.1 25.6 29.0 33.6 38.3 42.7 52.3 68.1 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 58.3 ¥1.2 ¥4.0 .2 3.7 .3 ¥3.5 ¥2.9 ¥2.7 ¥3.8 ¥4.9 ¥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 ¥3.4 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 3,451.3 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 3,537.0 3,652.0 Consumption expenditures Current transfer payments 496.0 530.2 590.5 660.3 721.4 765.8 811.0 848.8 934.4 986.4 813.1 812.1 821.1 839.9 860.8 873.4 903.2 923.2 956.0 955.4 954.2 979.1 1,001.2 1,011.0 1,026.3 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 2,134.4 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 2,182.7 2,272.7 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00034 Fmt 3401 283.3 258.6 229.1 212.9 221.0 255.4 279.2 312.2 292.0 272.3 296.7 274.2 306.4 321.3 316.6 304.7 312.3 291.4 319.5 244.6 231.3 277.4 296.3 284.1 294.2 Subsidies 45.3 51.1 40.5 49.0 46.0 60.5 51.0 47.6 50.6 58.2 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 58.8 Net Federal Government saving 185.2 40.5 ¥252.8 ¥376.4 ¥379.5 ¥283.0 ¥203.8 ¥236.5 ¥642.6 ¥1,226.5 ¥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 ¥1,314.3 ¥1,347.0 Source: Department of Commerce, Bureau of Economic Analysis. 34 VerDate Mar 15 2010 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 (2007=100; seasonally adjusted) Period 2000 r 2001 r 2002 r 2003 r 2004 r 2005 r 2006 r 2007 r 2008 r 2009 r United States Canada Japan Germany France Consumer prices (1982–84=100; NSA) United Kingdom Italy United States 1 Canada Japan France Germany Italy United Kingdom ............................. ............................. ............................. ............................. ............................. ............................. ............................. ............................. ............................. ............................. 92.0 88.9 89.1 90.2 92.3 95.3 97.4 100.0 96.7 87.7 100.0 96.0 97.5 97.6 99.2 101.1 100.3 100.0 94.7 84.0 92.2 86.2 85.1 87.6 91.8 93.2 97.1 100.0 96.6 75.5 98.2 99.1 97.3 96.2 97.4 97.6 98.9 100.0 97.5 85.8 83.9 84.2 83.3 83.7 86.2 89.2 94.3 100.0 100.0 83.2 99.1 97.5 96.1 95.4 95.2 94.7 98.1 100.0 96.2 78.6 103.8 102.2 100.5 99.9 101.0 99.7 99.7 100.0 96.9 86.8 172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.342 215.303 214.537 164.9 169.1 172.9 177.7 181.0 185.0 188.7 192.7 197.3 197.9 121.0 120.0 119.0 118.7 118.7 118.3 118.6 118.7 120.3 118.7 157.8 160.3 163.4 166.9 170.4 173.4 176.3 178.9 184.0 184.1 142.5 145.3 147.4 148.9 151.4 153.7 156.2 159.7 163.9 164.5 231.3 237.8 243.6 250.1 255.7 260.7 266.2 271.1 280.1 282.3 200.0 203.7 207.0 213.0 219.3 225.6 232.8 242.7 252.4 251.1 2009: Apr r ................... May r .................. June r ................. July r .................. Aug r ................... Sept r .................. Oct r .................... Nov r ................... Dec r ................... 86.5 85.7 85.5 86.7 87.8 88.4 88.6 89.1 89.6 84.1 82.1 82.1 82.1 82.2 83.5 84.0 84.7 85.7 71.0 74.3 75.4 76.3 77.4 78.8 80.0 82.0 84.2 82.8 84.5 84.8 85.8 87.7 86.7 86.7 87.7 87.4 78.4 82.2 83.3 82.3 83.8 86.6 85.2 85.8 85.1 76.1 77.6 77.4 79.6 78.5 79.1 79.7 80.2 79.4 87.1 86.5 87.0 87.3 84.9 86.0 86.1 86.6 87.2 213.240 213.856 215.693 215.351 215.834 215.969 216.177 216.330 215.949 196.9 198.3 199.0 198.3 198.3 198.3 198.1 199.2 198.5 119.3 119.0 118.8 118.4 118.8 118.8 118.3 118.1 117.8 184.0 184.3 184.5 183.7 184.7 184.2 184.4 184.6 185.1 164.2 164.0 164.7 164.7 165.0 164.3 164.5 164.3 165.7 281.8 282.4 282.6 282.6 283.4 282.8 283.0 283.0 283.6 248.5 250.0 250.7 250.7 251.9 253.0 253.8 254.5 256.1 2010: Jan r ................... 90.5 86.7 87.8 88.4 86.0 81.0 86.6 216.687 199.0 117.6 184.7 Feb r ................... 90.5 87.2 87.2 88.5 85.8 81.0 87.5 216.741 199.9 117.5 185.7 Mar r ................... 90.8 88.7 88.3 89.7 88.5 81.2 89.2 217.631 199.9 117.8 186.6 p Apr ................... 91.4 88.5 89.4 89.4 89.2 82.1 88.9 218.009 200.6 117.8 187.1 May p .................. 92.6 .............. 89.3 .............. .............. .............. .............. 218.178 201.1 118.0 187.3 June p ................. .............. .............. ............ .............. .............. .............. .............. .................. .............. ............ ............ 164.7 165.3 166.0 165.9 166.0 166.2 284.0 256.0 284.2 257.5 285.1 259.3 286.1 261.8 286.3 262.7 286.3 .............. 1 Data relate to all urban consumers. NOTE.—See Note, p. 17, for information on U.S. industrial production series. Sources: As reported by each country, Department of Labor (Bureau of Labor Statistics), and Board of Governors of the Federal Reserve System. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES [Billions of dollars; monthly data seasonally adjusted] Goods: Exports (f.a.s. value) Goods: Imports (customs value) Census basis (by end-use category) Services (BOP basis) Balance of trade (exports minus imports) Census basis (by end-use category) BOP basis Period rfrederick on DSKD9S0YB1PROD with HEARING 2000 r 2001 r 2002 r 2003 r 2004 r 2005 r 2006 r 2007 r 2008 r 2009 r 2009: BOP basis Total, Census basis 1 Auto- ConIndusmo- sumer Foods, trial Capital tive goods feeds, supgoods vehi- (nonand plies except cles, food) bevand auto- parts except erages mate- motive and autorials enmogines tive ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ Apr r ... May r .. June r July r .. Aug r .. Sep r ... Oct r ... Nov r .. Dec r ... 784.2 730.3 696.3 728.3 819.9 909.0 1,035.9 1,160.4 1,304.9 1,068.5 82.7 84.8 86.6 88.2 88.6 92.0 95.2 95.7 99.6 781.9 729.1 693.1 724.8 814.9 901.1 1,026.0 1,148.2 1,287.4 1,056.0 81.4 83.7 85.5 87.5 87.6 91.0 94.3 94.3 98.3 47.9 49.4 49.6 55.0 56.6 59.0 66.0 84.3 108.3 93.9 7.6 7.8 8.0 7.7 7.7 7.4 7.9 8.9 9.0 172.6 160.1 156.8 173.0 203.9 233.0 276.0 316.4 388.0 296.7 21.5 23.3 24.5 24.7 25.8 27.0 27.4 27.0 28.3 2010: Jan r ... Feb r .. Mar r .. Apr p .. 100.4 100.1 105.2 104.0 99.4 99.2 104.4 103.0 8.9 8.5 8.5 7.9 29.1 29.6 31.7 32.3 356.9 80.4 321.7 75.4 290.4 78.9 293.7 80.6 327.5 89.2 358.4 98.4 404.0 107.3 433.0 121.3 457.7 121.5 390.5 81.7 31.1 5.9 31.3 5.7 31.6 5.8 32.1 6.9 31.0 7.4 32.7 7.6 33.5 7.9 33.5 8.3 35.1 8.8 34.9 35.0 36.0 36.0 9.0 9.0 9.1 9.3 BOP basis Total, Census basis 1 Auto- ConIndusmo- sumer Foods, trial Capital tive goods feeds, supgoods vehi- (nonand plies except cles, food) bevand auto- parts except erages mate- motive and autorials enmogines tive Exports Imports Goods, Census basis Goods Services Goods and services 89.4 88.3 84.4 89.9 103.2 115.3 129.1 146.0 161.3 150.0 11.9 12.2 12.2 12.5 12.3 12.7 13.6 12.9 13.2 1,230.4 1,152.3 1,171.6 1,269.8 1,485.5 1,692.8 1,875.3 1,983.6 2,139.5 1,575.4 122.1 120.7 124.8 132.0 130.7 138.3 139.2 142.8 148.7 1,218.0 1,141.0 1,161.4 1,257.1 1,469.7 1,673.5 1,853.9 1,957.0 2,103.6 1,559.6 120.9 119.6 123.7 130.8 129.2 136.9 137.6 141.2 147.2 46.0 46.6 49.7 55.8 62.1 68.1 74.9 81.7 89.0 81.6 6.8 6.8 6.8 6.8 6.7 6.7 6.8 6.7 6.9 299.0 273.9 267.7 313.8 412.8 523.8 602.0 634.7 779.5 462.5 33.9 33.1 37.1 38.8 37.6 42.7 41.0 43.4 47.4 347.0 298.0 283.3 295.9 343.6 379.3 418.3 444.5 453.7 369.3 29.1 29.3 29.3 30.5 30.3 31.1 32.0 32.6 33.7 195.9 189.8 203.7 210.1 228.2 239.4 256.6 256.7 231.2 157.6 10.6 10.5 11.4 13.8 14.6 15.7 16.0 16.1 17.0 281.8 284.3 307.8 333.9 372.9 407.2 442.6 474.6 481.6 428.4 35.8 35.2 34.1 35.6 35.2 35.5 36.7 37.5 37.0 286.4 274.6 281.2 291.6 338.7 372.2 416.9 488.3 534.1 502.3 41.4 41.1 41.3 41.4 41.7 42.2 42.9 43.3 43.7 219.0 217.0 226.4 244.3 282.4 302.5 336.7 367.2 398.3 370.3 30.5 30.0 30.2 30.7 30.7 31.1 31.2 31.5 31.8 ¥436.1 ¥411.9 ¥468.3 ¥532.4 ¥654.8 ¥772.4 ¥828.0 ¥808.8 ¥816.2 ¥503.6 ¥39.5 ¥35.9 ¥38.1 ¥43.3 ¥41.5 ¥45.9 ¥43.2 ¥46.9 ¥48.9 ¥446.2 ¥422.0 ¥475.3 ¥541.5 ¥665.6 ¥783.8 ¥839.5 ¥823.2 ¥834.7 ¥506.9 ¥39.4 ¥35.9 ¥38.2 ¥43.7 ¥42.1 ¥46.3 ¥44.0 ¥47.1 ¥49.1 67.5 57.6 54.8 47.4 56.3 69.6 80.2 121.1 135.9 132.0 10.9 11.0 11.1 10.7 11.0 11.1 11.7 11.8 12.0 ¥378.8 ¥364.4 ¥420.5 ¥494.2 ¥609.3 ¥714.2 ¥759.2 ¥702.1 ¥698.8 ¥374.9 ¥28.4 ¥24.9 ¥27.1 ¥33.1 ¥31.1 ¥35.2 ¥32.3 ¥35.3 ¥37.1 13.6 13.2 13.9 13.2 147.6 151.8 157.5 156.5 145.8 150.0 155.6 154.8 7.3 7.2 7.5 7.5 46.7 49.3 52.1 52.2 33.5 33.9 34.4 35.8 16.8 16.0 17.6 17.4 36.5 38.3 38.9 37.2 44.1 44.2 44.7 44.8 31.9 32.6 32.4 32.6 ¥46.4 ¥50.8 ¥51.2 ¥51.8 ¥47.3 ¥51.7 ¥52.4 ¥52.5 12.2 11.5 12.3 12.2 ¥35.1 ¥40.1 ¥40.0 ¥40.3 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. Data reflect annual revisions. For details, see International Trade in Goods and Services, Annual Revision for 2009, released June 10, 2010. Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis). 35 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00035 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.035 ECOIND U.S. INTERNATIONAL TRANSACTIONS In the first quarter of 2010, the goods deficit rose to $151.3 billion, from $140.1 billion in the fourth quarter. The current account deficit rose to $109.0 billion in the first quarter, from $100.9 billion in the fourth quarter. [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)] Period Exports Balance on goods Net military transactions 2 ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ 784,181 730,277 696,268 728,258 819,870 909,016 1,035,868 1,160,366 1,304,896 1,068,499 ¥1,230,413 ¥1,152,257 ¥1,171,613 ¥1,269,802 ¥1,485,501 ¥1,692,817 ¥1,875,324 ¥1,983,558 ¥2,139,548 ¥1,575,443 ¥446,233 ¥421,980 ¥475,345 ¥541,544 ¥665,631 ¥783,801 ¥839,456 ¥823,192 ¥834,652 ¥506,944 2007: I r ....... II r ..... III r .... IV r .... 275,321 284,743 294,605 305,697 ¥478,632 ¥490,316 ¥499,104 ¥515,505 ¥203,311 ¥205,574 ¥204,498 ¥209,808 ¥2,310 ¥3,927 ¥3,371 ¥1,093 2008: I r ....... II r ..... III r .... IV r .... 323,507 342,637 345,091 293,661 ¥539,107 ¥565,303 ¥567,388 ¥467,750 ¥215,600 ¥222,666 ¥222,297 ¥174,089 2009: I r ....... II r ..... III r .... IV r .... 255,044 254,021 268,858 290,576 ¥376,241 ¥367,528 ¥400,977 ¥430,698 2010: I p ...... 305,655 ¥456,949 2000 r 2001 r 2002 r 2003 r 2004 r 2005 r 2006 r 2007 r 2008 r 2009 r rfrederick on DSKD9S0YB1PROD with HEARING Imports Services Net travel and transportation ¥6,610 2,714 ¥8,398 ¥3,217 ¥12,761 ¥4,334 ¥17,062 ¥12,249 ¥17,232 ¥15,328 ¥15,512 ¥13,121 ¥11,652 ¥9,743 ¥10,701 4,576 ¥13,375 19,103 ¥13,378 14,951 Income receipts and payments Balance on goods and services Other services, net Receipts Payments Balance on income ¥378,780 ¥364,393 ¥420,524 ¥494,183 ¥609,345 ¥714,176 ¥759,240 ¥702,099 ¥698,802 ¥374,908 350,918 290,797 280,942 320,456 413,739 535,263 682,221 829,602 796,528 588,203 ¥329,864 ¥259,075 ¥253,544 ¥275,147 ¥346,519 ¥462,905 ¥634,136 ¥730,049 ¥644,554 ¥466,783 21,054 31,722 27,398 45,309 67,219 72,358 48,085 99,553 151,974 121,419 ¥58,645 ¥64,487 ¥64,948 ¥71,794 ¥88,362 ¥105,772 ¥91,481 ¥115,548 ¥122,026 ¥124,943 ¥416,371 ¥397,158 ¥458,074 ¥520,668 ¥630,488 ¥747,590 ¥802,636 ¥718,094 ¥668,854 ¥378,432 ¥929 ¥522 1,859 4,166 29,414 30,860 32,876 34,069 ¥177,136 ¥179,163 ¥173,135 ¥172,665 189,657 205,286 215,918 218,741 ¥178,171 ¥191,394 ¥185,598 ¥174,884 11,486 13,891 30,321 43,858 ¥32,189 ¥26,449 ¥28,126 ¥28,786 ¥197,840 ¥191,720 ¥170,941 ¥157,593 ¥3,413 ¥2,656 ¥3,564 ¥3,741 4,531 5,603 6,257 2,710 33,006 34,277 31,983 30,857 ¥181,476 ¥185,444 ¥187,621 ¥144,262 211,856 209,443 203,373 171,855 ¥169,451 ¥171,083 ¥157,959 ¥146,061 42,405 38,360 45,414 25,794 ¥32,928 ¥29,747 ¥30,177 ¥29,176 ¥171,999 ¥176,830 ¥172,383 ¥147,644 ¥121,197 ¥113,507 ¥132,119 ¥140,121 ¥4,014 ¥3,101 ¥2,283 ¥3,980 2,537 4,064 3,849 4,501 32,235 ¥90,439 32,104 ¥80,441 31,231 ¥99,322 34,893 ¥104,707 143,356 142,281 146,584 155,982 ¥118,747 ¥115,995 ¥111,127 ¥120,914 24,609 26,286 35,457 35,068 ¥29,747 ¥30,292 ¥33,638 ¥31,268 ¥95,577 ¥84,447 ¥97,503 ¥100,907 ¥151,295 ¥3,339 4,994 34,384 ¥115,256 163,549 ¥121,847 41,702 ¥35,454 ¥109,008 from Census data for differences in timing and coverage; excludes military. 2 Transfers under U.S. military agency sales contracts (exports) minus direct defense expenditures (imports). 3 Includes transfers of goods and services under U.S. military grant programs. Note.—Data reflect annual revisions released on July 17, 2010. See p. 37 for continuation of table. 36 00:41 Jul 08, 2010 Jkt 057257 Balance on current account 71,349 69,201 71,916 76,671 88,846 98,258 101,611 127,217 130,122 130,463 1 Adjusted VerDate Mar 15 2010 Unilateral current transfers, net 3 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 $192.8 billion in the first quarter of 2010, following a decrease of $56.6 billion in the fourth quarter. U.S. liabilities to private foreigners reported by U.S. banks, excluding Treasury securities, increased $88.6 billion in the first quarter, following a decrease of $63.9 billion in the fourth quarter. [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)] Financial account Period Total rfrederick on DSKD9S0YB1PROD with HEARING 2000 r 2001 r 2002 r 2003 r 2004 r 2005 r 2006 r 2007 r 2008 r 2009 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 2010: I p ... ¥1 ¥560,523 13,198 ¥382,616 ¥141 ¥294,646 ¥1,821 ¥325,424 3,049 ¥1,000,870 13,116 ¥546,631 ¥1,788 ¥1,285,729 384 ¥1,475,719 6,010 156,077 ¥140 ¥140,465 0 ¥493,886 443 ¥557,248 ¥57 ¥201,395 ¥2 ¥223,191 ¥8 ¥222,848 ¥18 153,977 6,043 74,829 ¥7 150,119 ¥20 112,726 ¥29 31,734 ¥36 ¥276,241 ¥56 ¥8,685 ¥1 ¥300,780 U.S. official reserve assets 4 ¥290 ¥4,911 ¥3,681 1,523 2,805 14,096 2,374 ¥122 ¥4,848 ¥52,256 ¥72 26 ¥54 ¥22 ¥276 ¥1,267 ¥179 ¥3,126 ¥982 ¥3,632 ¥49,021 1,379 ¥773 Other U.S. Government assets Statistical discrepancy Foreign-owned assets in the U.S., excluding financial derivatives [increase/financial inflow (+)] U.S. private assets ¥941 ¥559,292 ¥486 ¥377,219 345 ¥291,310 537 ¥327,484 1,710 ¥1,005,385 5,539 ¥566,266 5,346 ¥1,293,449 ¥22,273 ¥1,453,324 ¥529,615 690,540 541,342 ¥629,552 445 ¥494,259 ¥596 ¥556,677 623 ¥201,964 ¥22,744 ¥200,424 3,268 ¥225,840 ¥41,592 196,836 ¥225,997 301,005 ¥265,293 418,538 244,102 ¥130,394 193,750 ¥158,384 57,736 ¥284,956 45,754 ¥55,817 9,639 ¥309,646 Total 1,038,224 782,870 795,161 858,303 1,533,201 1,247,347 2,065,169 2,107,655 454,722 305,736 727,267 731,720 270,817 377,851 400,171 3,740 76,357 ¥25,546 ¥111,916 ¥28,348 342,385 103,615 332,064 4 Consists of gold, special drawing rights (SDRs), foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF). Note.—See Note, p. 36. Foreign official assets 42,758 28,059 115,945 278,069 397,755 259,268 487,939 481,043 550,770 450,030 165,888 88,383 47,707 179,065 208,768 178,899 147,836 15,267 107,912 128,667 96,616 116,835 75,027 Other foreign assets 995,466 754,811 679,216 580,234 1,135,446 988,079 1,577,230 1,626,612 ¥96,048 ¥144,294 561,379 643,337 223,110 198,786 191,403 ¥175,159 ¥71,479 ¥40,813 ¥219,828 ¥157,015 245,769 ¥13,220 257,037 Financial derivatives, net Total (sum of the items with sign reversed) .................. .................. .................. .................. .................. .................. 29,710 6,222 ¥32,947 50,804 14,795 ¥1,007 5,942 ¥13,508 ¥7,966 ¥2,355 ¥4,886 ¥17,740 7,221 11,275 11,496 20,812 .................. ¥61,329 ¥16,294 ¥42,300 ¥10,391 95,107 33,758 ¥4,727 79,552 84,991 162,497 ¥50,336 17,812 95,634 16,443 2,649 21,486 20,040 40,818 87,565 69,815 19,899 ¥14,779 77,725 Of which: Seasonal adjustment discrepancy .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. 9,345 ¥733 ¥23,857 15,246 6,113 ¥2,019 ¥28,020 23,929 7,761 ¥1,796 ¥19,298 13,336 11,162 U.S. official reserve assets, net 4 (unadjusted, end of period) 67,647 68,654 79,006 85,938 86,824 65,127 65,895 70,565 77,648 130,760 66,551 66,127 69,070 70,565 75,764 75,740 71,834 77,648 74,958 81,489 134,296 130,760 127,521 Sources: Department of Commerce (Bureau of Economic Analysis) and Department of the Treasury. 37 VerDate Mar 15 2010 00:41 Jul 08, 2010 Jkt 057257 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 rfrederick on DSKD9S0YB1PROD 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 Mar 15 2010 U.S. GOVERNMENT PRINTING OFFICE : 2010 57–257 00:41 Jul 08, 2010 Jkt 057257 PO 00000 Frm 00038 Fmt 3438 Sfmt 3438 E:\HR\OC\ECOIND.038 ECOIND