Full text of Economic Indicators : November 2009
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111th Congress, 1st Session Economic Indicators NOVEMBER 2009 (Includes data available as of December 4, 2009) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT PRINTING OFFICE hsrobinson on DSK69SOYB1PROD with HEARING WASHINGTON : 2009 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 GAIL COHEN, Acting Executive Director COUNCIL OF ECONOMIC ADVISERS CHRISTINA D. ROMER, Chair AUSTAN D. GOOLSBEE, Member CECILIA E. ROUSE, Member [PUBLIC LAW 120—81ST CONGRESS; CHAPTER 237—1ST SESSION] JOINT RESOLUTION [S.J. Res. 55] To print the monthly publication entitled ‘‘Economic Indicators’’ Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Joint Economic Committee be authorized to issue a monthly publication entitled ‘‘Economic Indicators,’’ and that a sufficient quantity be printed to furnish one copy to each Member of Congress; the Secretary and the Sergeant at Arms of the Senate; the Clerk, Sergeant at Arms, and Doorkeeper of the House of Representatives; two copies to the libraries of the Senate and House, and the Congressional Library; seven hundred copies to the Joint Economic Committee; and the required numbers of copies to the Superintendent of Documents for distribution to depository libraries; and that the Superintendent of Documents be authorized to have copies printed for sale to the public. Approved June 23, 1949. hsrobinson on DSK69SOYB1PROD with HEARING Charts prepared under the direction of the Printing and Procurement Branch, Office of the Secretary, Department of Commerce. Economic Indicators, published monthly, is available at $5.00 a single copy ($7.00 foreign), or by subscription at $58.00 per year ($81.20 for foreign mailing) from: SUPERINTENDENT OF DOCUMENTS GOVERNMENT PRINTING OFFICE WASHINGTON, D.C. 20402 For sale by the U.S. Government Printing Office Superintendent of Documents, Mail Stop: SSOP, Washington, DC 20402–9328 Also available on the internet at the following address: http://www.gpoaccess.gov/indicators ii VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00040 Fmt 3440 Sfmt 3440 E:\HR\OC\ECOIND.040 ECOIND TOTAL OUTPUT, INCOME, AND SPENDING GROSS DOMESTIC PRODUCT In the third quarter of 2009, according to revised estimates, current-dollar gross domestic product (GDP) rose 3.3 percent (annual rate), real GDP (GDP in chained 2005 dollars) rose 2.8 percent, and the chained price index rose 0.5 percent. [Billions of current dollars; quarterly data at seasonally adjusted annual rates] 1999 ...................... 2000 ...................... 2001 ...................... 2002 ...................... 2003 ...................... 2004 ...................... 2005 ...................... 2006 ...................... 2007 ...................... 2008 ...................... 2006: I ................ II ............... III ............. IV .............. 2007: I ................ II ............... III ............. IV .............. 2008: I ................ II ............... III ............. IV .............. 2009: I ................ II ............... III r ............ 1 GDP Net exports Exports 9,353.5 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 13,183.5 13,347.8 13,452.9 13,611.5 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,151.2 14,266.3 ¥262.1 ¥382.1 ¥371.0 ¥427.2 ¥504.1 ¥618.7 ¥722.7 ¥769.3 ¥713.8 ¥707.8 ¥775.8 ¥781.4 ¥805.7 ¥714.3 ¥729.4 ¥724.8 ¥698.4 ¥702.5 ¥744.4 ¥738.7 ¥757.5 ¥590.5 ¥378.5 ¥339.1 ¥402.1 989.3 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 1,414.0 1,456.0 1,476.0 1,538.2 1,564.9 1,602.1 1,685.2 1,771.6 1,803.6 1,901.5 1,913.1 1,706.2 1,509.3 1,493.7 1,571.7 6,342.8 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 9,148.2 9,266.6 9,391.8 9,484.1 9,658.5 9,762.5 9,865.6 10,019.2 10,095.1 10,194.7 10,220.1 10,009.8 9,987.7 9,999.3 10,140.1 1,641.5 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 2,336.5 2,352.1 2,333.5 2,286.5 2,267.2 2,302.0 2,311.9 2,272.9 2,214.8 2,164.6 2,142.7 2,022.1 1,689.9 1,561.5 1,569.5 Government consumption expenditures and gross investment Federal Imports Total Total 1,251.4 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 2,189.8 2,237.4 2,281.7 2,252.5 2,294.3 2,326.9 2,383.6 2,474.0 2,548.1 2,640.2 2,670.5 2,296.7 1,887.9 1,832.8 1,973.7 less exports of goods and services plus imports of goods and services. 1,631.3 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 2,474.5 2,510.5 2,533.3 2,555.2 2,599.3 2,657.4 2,700.9 2,748.3 2,808.4 2,877.1 2,941.4 2,905.9 2,879.0 2,929.4 2,958.7 554.9 576.1 611.7 680.6 756.5 824.6 876.3 931.7 976.7 1,082.6 928.5 930.3 932.2 935.9 942.8 968.1 991.4 1,004.3 1,038.3 1,069.5 1,108.3 1,114.3 1,106.7 1,138.3 1,165.1 National defense 361.1 371.0 393.0 437.7 497.9 550.8 589.0 624.9 662.1 737.9 615.5 624.1 623.3 636.6 636.7 656.6 674.4 680.8 703.6 725.6 763.6 758.9 750.7 776.2 796.7 Nondefense 193.8 205.0 218.7 242.9 258.5 273.9 287.3 306.8 314.5 344.7 313.0 306.2 308.9 299.3 306.1 311.6 317.0 323.6 334.8 343.9 344.7 355.3 356.0 362.1 368.4 State and local 1,076.3 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 1,546.1 1,580.2 1,601.2 1,619.4 1,656.5 1,689.3 1,709.5 1,743.9 1,770.1 1,807.6 1,833.1 1,791.7 1,772.3 1,791.2 1,793.6 Final sales of domestic product Gross domestic purchases 1 Addendum: Gross national product 9,292.7 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 13,117.5 13,275.4 13,383.8 13,579.2 13,782.5 13,973.7 14,148.8 14,328.0 14,382.1 14,547.1 14,583.7 14,391.8 14,305.3 14,327.4 14,416.4 9,615.6 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 13,959.3 14,129.2 14,258.6 14,325.8 14,525.0 14,722.0 14,878.3 15,040.3 15,118.3 15,236.4 15,304.2 14,937.8 14,556.5 14,490.3 14,668.4 9,381.3 9,989.2 10,338.1 10,691.4 11,210.8 11,959.0 12,735.5 13,471.3 14,193.3 14,583.3 13,264.0 13,423.3 13,514.8 13,683.2 13,859.5 14,073.3 14,318.3 14,522.2 14,544.9 14,626.6 14,707.5 14,454.3 14,277.9 14,243.8 14,393.9 Source: Department of Commerce, Bureau of Economic Analysis. 1 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00001 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.001 ECOIND G:\GRAPHICS\eecoind.001 hsrobinson on DSK69SOYB1PROD with HEARING Period Exports and imports of goods and services Personal Gross Gross conprivate domestic sumption domestic product expendi- investtures ment REAL GROSS DOMESTIC PRODUCT [Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates] Gross private domestic investment Period 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... I ................. II ................ III .............. IV ............... 2007: I ................. II ................ III .............. IV ............... 2008: I ................. II ................ III .............. IV ............... 2009: I ................. II ................ III r ............. Personal Gross conNonresidomestic sumption dential product expendi- fixed tures investment 10,779.8 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 12,915.9 12,962.5 12,965.9 13,060.7 13,099.9 13,204.0 13,321.1 13,391.2 13,366.9 13,415.3 13,324.6 13,141.9 12,925.4 12,901.5 12,990.3 7,240.9 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 8,986.6 9,035.0 9,090.7 9,181.6 9,265.1 9,291.5 9,335.6 9,363.6 9,349.6 9,351.0 9,267.7 9,195.3 9,209.2 9,189.0 9,256.0 1,200.9 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 1,424.9 1,450.3 1,466.0 1,474.5 1,489.6 1,530.3 1,565.8 1,591.3 1,598.9 1,604.4 1,579.2 1,496.1 1,321.2 1,288.4 1,274.9 Resi- Change dential in prifixed vate invest- invenment tories 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 574.2 68.5 ¥356.6 1,094.3 580.0 60.2 ¥451.6 1,188.3 583.3 ¥41.8 ¥472.1 1,121.6 613.8 12.8 ¥548.8 1,099.2 664.3 17.3 ¥603.9 1,116.8 729.5 66.3 ¥688.0 1,222.8 775.0 50.0 ¥722.7 1,305.1 718.2 59.4 ¥729.2 1,422.0 585.0 19.5 ¥647.7 1,546.1 451.1 ¥25.9 ¥494.3 1,629.3 775.2 65.8 ¥732.6 1,388.8 740.1 72.5 ¥732.8 1,412.1 697.4 67.5 ¥756.5 1,414.1 660.2 31.8 ¥694.9 1,473.2 631.7 14.5 ¥705.0 1,485.9 610.4 23.3 ¥683.4 1,504.8 572.9 29.8 ¥638.4 1,569.9 525.0 10.3 ¥564.0 1,624.0 483.2 .6 ¥550.9 1,623.4 462.9 ¥37.1 ¥476.0 1,670.4 443.3 ¥29.7 ¥479.2 1,655.2 415.0 ¥37.4 ¥470.9 1,568.0 367.9 ¥113.9 ¥386.5 1,434.5 344.4 ¥160.2 ¥330.4 1,419.5 360.1 ¥133.4 ¥358.0 1,476.4 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. Imports 1,450.9 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 2,121.3 2,144.9 2,170.5 2,168.1 2,190.8 2,188.1 2,208.3 2,188.0 2,174.3 2,146.5 2,134.4 2,038.9 1,821.0 1,749.8 1,834.4 Total Total National defense 2,056.1 694.6 455.8 2,097.8 698.1 453.5 2,178.3 726.5 470.7 2,279.6 779.5 505.3 2,330.5 831.1 549.2 2,362.0 865.0 580.4 2,369.9 876.3 589.0 2,402.1 894.9 598.4 2,443.1 906.4 611.5 2,518.1 975.9 659.4 2,397.1 900.5 595.6 2,399.1 892.8 597.2 2,402.7 892.0 594.3 2,409.4 894.4 606.5 2,409.5 882.8 594.7 2,435.4 898.7 607.1 2,458.9 919.0 621.7 2,468.7 925.1 622.4 2,484.7 943.4 634.8 2,506.9 961.3 645.6 2,536.6 991.6 675.4 2,544.0 1,007.3 681.7 2,527.2 996.3 672.8 2,568.6 1,023.5 695.2 2,588.2 1,044.1 710.2 Nondefense 238.7 244.4 255.5 273.9 281.7 284.6 287.3 296.6 294.9 316.4 305.0 295.7 297.7 287.8 288.1 291.6 297.2 302.7 308.6 315.8 315.9 325.4 323.4 328.2 333.7 State and local 1,361.8 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 1,496.6 1,506.3 1,510.8 1,515.0 1,526.5 1,536.5 1,540.0 1,543.7 1,541.9 1,546.6 1,547.0 1,539.3 1,533.3 1,548.0 1,547.4 10,715.7 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 12,851.3 12,891.0 12,898.3 13,027.8 13,086.4 13,179.6 13,290.3 13,381.1 13,363.5 13,453.5 13,354.3 13,193.5 13,055.8 13,077.8 13,139.0 11,141.1 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 13,648.7 13,695.5 13,722.8 13,755.7 13,805.0 13,887.6 13,959.7 13,954.2 13,916.4 13,885.5 13,798.8 13,604.0 13,303.1 13,225.9 13,341.7 10,812.1 11,268.8 11,404.6 11,606.9 11,914.2 12,358.5 12,735.5 13,046.1 13,362.8 13,442.6 12,994.2 13,035.4 13,025.1 13,129.5 13,160.5 13,275.9 13,451.5 13,563.3 13,525.4 13,533.7 13,470.7 13,240.5 13,018.1 12,986.8 13,107.2 Source: Department of Commerce, Bureau of Economic Analysis. CHAINED PRICE INDEXES FOR GROSS DOMESTIC PRODUCT [Index numbers, 2005=100; quarterly data are seasonally adjusted] Personal consumption expenditures Gross domestic product hsrobinson on DSK69SOYB1PROD with HEARING Period 1999 .................. 2000 .................. 2001 .................. 2002 .................. 2003 .................. 2004 .................. 2005 .................. 2006 .................. 2007 .................. 2008 .................. 2006: I ............ II ........... III ......... IV .......... 2007: I ............ II ........... III ......... IV .......... 2008: I ............ II ........... III ......... IV .......... 2009: I ............ II ........... III r ........ 86.766 88.648 90.654 92.113 94.099 96.769 100.000 103.263 106.221 108.481 102.071 102.980 103.763 104.237 105.327 106.026 106.460 107.072 107.577 108.061 109.130 109.155 109.661 109.656 109.801 Total 87.596 89.777 91.488 92.736 94.622 97.098 100.000 102.746 105.502 109.031 101.803 102.567 103.316 103.298 104.250 105.074 105.681 107.005 107.974 109.021 110.273 108.855 108.449 108.814 109.548 Goods 95.603 97.520 97.429 96.430 96.380 97.867 100.000 101.508 102.789 106.150 101.116 101.765 102.329 100.822 101.612 102.548 102.627 104.370 105.689 106.678 108.451 103.784 102.186 102.864 104.223 Gross private domestic investment Services 83.515 85.824 88.428 90.807 93.692 96.687 100.000 103.411 106.964 110.582 102.171 102.998 103.844 104.630 105.668 106.433 107.327 108.427 109.213 110.296 111.275 111.542 111.749 111.954 112.366 Nonresidential fixed 96.173 96.219 95.788 95.363 95.355 96.834 100.000 103.534 106.209 107.897 102.279 103.112 103.878 104.868 105.686 106.104 106.354 106.693 106.617 107.161 108.314 109.498 109.154 107.993 106.667 Exports and imports of goods and services Government consumption expenditures and gross investment Federal Residential fixed 74.151 77.415 80.994 83.002 86.953 93.296 100.000 106.081 107.513 105.779 104.890 105.940 106.295 107.199 107.604 107.307 107.455 107.686 107.271 106.838 105.807 103.198 101.915 100.554 99.885 Exports Imports Total 90.408 91.999 91.627 91.253 93.216 96.517 100.000 103.447 107.103 112.389 101.828 103.125 104.395 104.438 105.355 106.516 107.396 109.144 111.156 113.890 115.638 108.871 105.265 105.284 106.505 86.250 89.963 87.762 86.784 89.796 94.144 100.000 104.144 108.017 119.559 103.243 104.322 105.121 103.889 104.711 106.332 107.937 113.088 117.234 123.069 125.203 112.730 103.746 104.821 107.674 79.886 82.524 84.201 87.318 91.024 95.335 100.000 104.107 107.754 110.938 103.101 104.187 104.502 104.637 106.808 107.737 107.896 108.577 110.077 111.265 111.784 110.628 111.084 111.214 111.599 Source: Department of Commerce, Bureau of Economic Analysis. 2 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00002 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.002 ECOIND National defense 79.225 81.821 83.484 86.624 90.659 94.895 100.000 104.421 108.286 111.913 103.336 104.499 104.883 104.965 107.089 108.172 108.493 109.389 110.857 112.402 113.059 111.334 111.584 111.664 112.189 Nondefense 81.188 83.907 85.612 88.689 91.774 96.234 100.000 103.468 106.672 108.935 102.622 103.551 103.728 103.972 106.243 106.858 106.678 106.908 108.469 108.922 109.149 109.198 110.085 110.320 110.408 State and local 79.036 82.482 85.019 86.810 90.425 94.062 100.000 105.276 110.615 116.642 103.307 104.916 105.990 106.892 108.527 109.949 111.009 112.975 114.803 116.877 118.493 116.396 115.587 115.713 115.909 GROSS DOMESTIC PRODUCT AND RELATED PRICE MEASURES: INDEXES AND PERCENT CHANGES [Quarterly data are seasonally adjusted] Percent change from preceding period 1 Index numbers, 2005=100 Personal consumption expenditures (PCE) Gross domestic product (GDP) Personal consumption expenditures (PCE) Gross domestic product (GDP) Period Real GDP (chain-type quantity index) 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2005: 2006: 2007: 2008: 2009: .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... I ............................... II ............................. III ............................ IV ............................ I ............................... II ............................. III ............................ IV ............................ I ............................... II ............................. III ............................ IV ............................ I ............................... II ............................. III ............................ IV ............................ I ............................... II ............................. III r ........................... 1 Quarterly GDP chain-type price index 85.295 88.825 89.783 91.412 93.688 97.036 100.000 102.673 104.872 105.331 99.175 99.598 100.354 100.873 102.196 102.564 102.592 103.341 103.652 104.475 105.402 105.957 105.764 106.147 105.430 103.984 102.271 102.082 102.785 GDP implicit price deflator 86.766 88.648 90.654 92.113 94.099 96.769 100.000 103.263 106.221 108.481 98.774 99.445 100.470 101.312 102.071 102.980 103.763 104.237 105.327 106.026 106.460 107.072 107.577 108.061 109.130 109.155 109.661 109.656 109.801 PCE (chain-type price index) PCE less food and energy price index 87.596 89.777 91.488 92.736 94.622 97.098 100.000 102.746 105.502 109.031 98.754 99.374 100.495 101.377 101.803 102.567 103.316 103.298 104.250 105.074 105.681 107.005 107.974 109.021 110.273 108.855 108.449 108.814 109.548 89.555 91.111 92.739 94.345 95.784 97.788 100.000 102.292 104.699 107.207 99.229 99.768 100.172 100.831 101.325 102.057 102.630 103.154 103.862 104.318 104.904 105.714 106.333 106.976 107.652 107.866 108.173 108.712 109.067 86.768 88.647 90.650 92.118 94.100 96.770 100.000 103.257 106.214 108.483 98.766 99.438 100.461 101.309 102.071 102.973 103.756 104.218 105.310 106.008 106.447 107.069 107.534 108.069 109.172 109.172 109.691 109.686 109.822 percent changes are at annual rates. Real GDP (chain-type quantity index) GDP (current dollars) 6.4 6.4 3.4 3.5 4.7 6.5 6.5 6.0 5.1 2.6 8.0 4.5 7.4 5.6 8.6 5.1 3.2 4.8 5.5 6.0 5.3 4.5 1.0 3.5 1.4 ¥5.4 ¥4.6 ¥.8 3.3 GDP chain-type price index 4.8 4.1 1.1 1.8 2.5 3.6 3.1 2.7 2.1 .4 4.1 1.7 3.1 2.1 5.4 1.4 .1 3.0 1.2 3.2 3.6 2.1 ¥.7 1.5 ¥2.7 ¥5.4 ¥6.4 ¥.7 2.8 1.5 2.2 2.3 1.6 2.2 2.8 3.3 3.3 2.9 2.1 3.8 2.7 4.2 3.4 3.0 3.6 3.1 1.8 4.2 2.7 1.6 2.3 1.9 1.8 4.0 .1 1.9 .0 .5 GDP implicit price deflator 1.5 2.2 2.3 1.6 2.2 2.8 3.3 3.3 2.9 2.1 3.7 2.7 4.2 3.4 3.0 3.6 3.1 1.8 4.3 2.7 1.7 2.4 1.7 2.0 4.1 .0 1.9 .0 .5 PCE (chain-type price index) PCE less food and energy price index 1.6 2.5 1.9 1.4 2.0 2.6 3.0 2.7 2.7 3.3 2.4 2.5 4.6 3.6 1.7 3.0 3.0 ¥.1 3.7 3.2 2.3 5.1 3.7 3.9 4.7 ¥5.0 ¥1.5 1.4 2.7 1.5 1.7 1.8 1.7 1.5 2.1 2.3 2.3 2.4 2.4 2.9 2.2 1.6 2.7 2.0 2.9 2.3 2.1 2.8 1.8 2.3 3.1 2.4 2.4 2.6 .8 1.1 2.0 1.3 Source: Department of Commerce, Bureau of Economic Analysis. NONFINANCIAL CORPORATE BUSINESS—GROSS VALUE ADDED AND PRICE, COSTS, AND PROFITS [Quarterly data at seasonally adjusted annual rates] Price per unit of real gross value added of nonfinancial corporate business (dollars) 1 2 Gross value added of nonfinancial corporate business (billions of dollars) 1 Unit nonlabor cost Period Current dollars Chained (2005) dollars 4,955.5 5,279.4 5,252.5 5,307.7 5,503.7 5,877.5 6,302.8 6,740.3 6,970.1 6,971.5 6,629.5 6,668.1 6,811.8 6,851.8 6,909.3 6,988.8 6,949.7 7,032.6 6,934.9 6,974.4 7,042.4 6,934.1 6,703.8 6,671.9 6,648.1 5,422.5 5,707.9 5,604.6 5,629.3 5,767.4 6,040.4 6,302.8 6,536.5 6,649.4 6,675.5 6,505.1 6,480.0 6,567.2 6,593.8 6,597.4 6,649.8 6,624.9 6,725.5 6,664.3 6,735.8 6,722.6 6,579.3 6,278.8 6,269.8 6,273.2 hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ I ................................................... II ................................................. III ................................................ IV ................................................ 2007: I ................................................... II ................................................. III ................................................ IV ................................................ 2008: I ................................................... II ................................................. III ................................................ IV ................................................ 2009: I ................................................... II r ................................................ III p .............................................. Total Compensation of employees (unit labor cost) 0.914 .925 .937 .943 .954 .973 1.000 1.031 1.048 1.044 1.019 1.029 1.037 1.039 1.047 1.051 1.049 1.046 1.041 1.035 1.048 1.054 1.068 1.064 1.060 1 Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the Standard Industrial Classification (SIC); later estimates are based on the North American Industry Classification System (NAICS). 2 The implicit price deflator for gross value added of nonfinancial corporate business divided by 100. Total 0.601 .621 .635 .630 .633 .627 .631 .640 .656 .663 .635 .641 .637 .647 .654 .653 .659 .659 .665 .658 .661 .670 .675 .669 .669 0.214 .222 .236 .237 .237 .234 .243 .250 .264 .275 .245 .250 .250 .253 .258 .263 .268 .268 .271 .272 .274 .282 .293 .290 .285 Consumption of fixed capital Taxes on production and imports 3 Net interest and miscellaneous payments 0.099 .103 .113 .116 .116 .115 .118 .123 .128 .135 .120 .123 .123 .124 .126 .127 .129 .129 .132 .132 .135 .139 .146 .144 .143 0.085 .085 .088 .092 .095 .097 .101 .102 .102 .104 .102 .103 .102 .102 .102 .102 .103 .102 .103 .103 .104 .105 .109 .109 .107 0.030 .034 .035 .029 .026 .022 .024 .025 .034 .036 .023 .024 .025 .027 .030 .034 .036 .037 .036 .037 .035 .038 .038 .037 .035 Corporate profits with inventory valuation and capital consumption adjustments 4 Total 0.098 .082 .066 .076 .084 .112 .127 .141 .127 .107 .139 .138 .150 .138 .135 .135 .122 .118 .105 .106 .114 .102 .100 .105 .107 Taxes on corporate income 0.032 .030 .020 .017 .023 .031 .043 .047 .045 .036 .045 .048 .050 .045 .047 .046 .043 .044 .038 .039 .038 .027 .032 .035 .035 Profits after tax 5 0.067 .052 .046 .059 .061 .081 .083 .094 .082 .071 .093 .090 .100 .093 .087 .089 .079 .074 .066 .067 .076 .075 .069 .071 .072 3 Less subsidies plus business current transfer payments. profits from current production. inventory valuation and capital consumption adjustments. Source: Department of Commerce, Bureau of Economic Analysis. 4 Unit 5 With 3 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... I ...... II .... III ... IV ... 2007: I ...... II .... III ... IV ... 2008: I ...... II .... III ... IV ... 2009: I ...... II r ... III r .. 1 With 8,358.0 8,938.9 9,185.2 9,408.5 9,840.2 10,534.0 11,273.8 12,031.2 12,448.2 12,635.2 11,838.2 11,965.9 12,093.0 12,227.9 12,253.9 12,421.1 12,482.2 12,635.4 12,661.5 12,664.4 12,781.0 12,433.9 12,208.9 12,218.1 12,351.5 Compensation of employees 5,353.9 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 7,353.7 7,419.9 7,484.1 7,650.3 7,757.2 7,819.7 7,869.6 7,979.3 8,017.5 8,032.8 8,069.1 8,030.3 7,825.8 7,815.9 7,837.7 Farm Nonfarm 28.5 29.6 30.5 18.5 36.5 49.7 43.9 29.3 39.4 48.7 28.4 28.4 28.4 32.2 36.7 35.7 37.5 47.9 57.2 49.4 49.3 39.0 27.3 28.9 27.8 Corporate profits with inventory valuation and capital consumption adjustments Rental income of persons with capital consumption adjustment 718.3 787.8 840.2 871.8 894.1 984.1 1,025.9 1,103.6 1,056.9 1,057.5 1,098.5 1,104.8 1,102.8 1,108.4 1,057.5 1,060.3 1,055.7 1,054.2 1,057.9 1,062.5 1,065.1 1,044.5 1,010.5 999.1 1,011.0 208.2 215.3 232.4 218.7 204.2 198.4 178.2 146.5 144.9 210.4 161.3 153.2 140.3 131.2 121.1 140.3 150.2 168.0 179.9 202.8 222.2 236.7 245.9 262.0 279.0 Capital consumption adjustment Net interest and miscellaneous payments Taxes on production and imports 79.7 63.6 63.4 109.4 85.6 51.8 ¥153.4 ¥176.4 ¥188.7 ¥64.1 ¥191.0 ¥173.7 ¥167.7 ¥173.2 ¥170.0 ¥184.2 ¥195.8 ¥204.7 ¥53.2 ¥60.1 ¥67.6 ¥75.6 ¥144.9 ¥128.6 ¥119.4 481.4 539.3 544.4 506.4 504.1 461.6 543.0 652.2 739.2 815.1 608.9 654.4 661.6 684.0 690.6 711.3 756.0 798.9 790.7 809.0 806.1 854.7 826.2 784.4 763.8 673.6 708.6 727.7 762.8 806.8 863.4 930.2 986.8 1,028.7 1,047.3 971.5 983.3 991.6 1,000.7 1,015.3 1,025.2 1,032.2 1,042.3 1,042.5 1,050.8 1,058.5 1,037.3 1,018.8 1,019.6 1,025.4 Profits with inventory valuation adjustment and without capital consumption adjustment Total 856.3 819.2 784.2 872.2 977.8 1,246.9 1,456.1 1,608.3 1,541.7 1,360.4 1,590.9 1,597.7 1,655.1 1,589.6 1,535.4 1,594.9 1,537.1 1,499.4 1,459.7 1,403.7 1,454.6 1,123.6 1,182.7 1,226.5 1,356.5 Total Profits before tax Inventory valuation adjustment 776.6 755.7 720.8 762.8 892.2 1,195.1 1,609.5 1,784.7 1,730.4 1,424.5 1,781.9 1,771.4 1,822.8 1,762.7 1,705.4 1,779.1 1,732.9 1,704.1 1,512.9 1,463.8 1,522.2 1,199.3 1,327.6 1,355.1 1,475.9 780.5 772.5 712.7 765.3 903.5 1,229.4 1,640.2 1,822.7 1,774.4 1,462.7 1,815.3 1,819.8 1,865.1 1,790.7 1,747.6 1,808.6 1,758.2 1,783.1 1,620.8 1,593.5 1,576.6 1,060.1 1,246.5 1,337.1 1,493.3 ¥4.0 ¥16.8 8.0 ¥2.6 ¥11.3 ¥34.3 ¥30.7 ¥38.0 ¥44.0 ¥38.2 ¥33.4 ¥48.4 ¥42.3 ¥28.0 ¥42.2 ¥29.5 ¥25.3 ¥79.0 ¥107.9 ¥129.6 ¥54.5 139.2 81.1 18.1 ¥17.4 inventory valuation and capital consumption adjustments. Less: Subsidies Business current transfer payments Current surplus of government enterprises 45.2 45.8 58.7 41.4 49.1 46.4 60.9 51.4 54.8 53.5 55.6 51.4 49.8 48.7 49.2 58.3 56.0 55.4 53.1 52.9 52.9 55.2 55.5 54.9 67.9 69.0 87.0 101.3 82.4 76.1 81.7 95.9 83.0 102.2 118.8 82.8 79.3 83.6 86.1 97.8 99.0 105.0 107.0 114.8 112.6 116.0 131.8 137.9 145.4 124.5 14.1 9.1 4.0 6.3 7.0 1.2 ¥3.5 ¥4.2 ¥6.6 ¥6.9 ¥2.4 ¥3.8 ¥4.7 ¥6.0 ¥8.4 ¥6.9 ¥4.9 ¥6.0 ¥5.6 ¥6.3 ¥6.9 ¥8.9 ¥10.7 ¥8.8 ¥6.3 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 hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. I ........ II ...... III ..... IV ..... 2007: I ........ II ...... III ..... IV ..... 2008: I ........ II ...... III ..... IV ..... 2009: I ........ II ...... III r .... 7,240.9 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 8,986.6 9,035.0 9,090.7 9,181.6 9,265.1 9,291.5 9,335.6 9,363.6 9,349.6 9,351.0 9,267.7 9,195.3 9,209.2 9,189.0 9,256.0 Services Durable Total goods 2,395.3 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 3,145.7 3,150.8 3,176.4 3,222.5 3,253.9 3,255.4 3,280.6 3,304.8 3,262.1 3,257.8 3,193.6 3,110.4 3,129.8 3,105.4 3,159.8 Total durable goods 1 753.8 819.9 864.4 930.0 986.1 1,051.0 1,105.5 1,150.4 1,199.9 1,146.3 1,142.3 1,139.4 1,152.1 1,167.9 1,183.7 1,189.9 1,205.0 1,221.2 1,193.2 1,175.7 1,139.6 1,076.8 1,087.2 1,071.7 1,122.0 Nondurable Motor vehicles and parts 345.1 356.1 374.3 394.0 405.3 411.3 409.6 396.6 402.4 347.5 393.3 393.2 400.3 399.7 402.4 404.1 400.5 402.6 384.4 361.4 337.8 306.2 311.2 306.2 335.1 Total nondurable goods 1 1,660.9 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 2,003.7 2,011.6 2,024.5 2,054.7 2,070.3 2,066.1 2,076.8 2,086.0 2,070.1 2,081.4 2,051.5 2,026.1 2,035.5 2,025.7 2,034.1 Food and beverages purchased for offpremises consumption 587.4 600.6 607.6 609.0 622.4 639.2 665.0 686.2 700.7 700.7 676.7 684.2 686.6 697.5 700.8 696.2 699.2 706.6 708.0 708.9 699.6 686.4 687.4 693.5 700.1 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 292.5 287.1 289.2 294.0 302.2 306.5 304.8 298.4 300.7 287.4 296.4 297.2 300.0 299.9 301.5 301.3 301.5 298.5 292.6 289.9 280.1 287.2 293.2 294.0 294.6 Total services 1 4,852.8 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 5,841.0 5,884.2 5,914.3 5,959.4 6,011.7 6,036.2 6,055.5 6,059.7 6,087.1 6,092.5 6,072.4 6,080.4 6,076.0 6,078.8 6,093.7 Household consumption expenditures 4,690.4 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 5,618.2 5,652.1 5,671.4 5,716.0 5,770.8 5,799.2 5,809.8 5,804.8 5,827.3 5,831.2 5,805.2 5,806.6 5,817.2 5,826.7 5,842.1 Housing and utilities Health care 1,371.8 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 1,598.9 1,617.8 1,627.6 1,622.5 1,629.3 1,630.1 1,634.6 1,633.1 1,643.8 1,647.3 1,641.6 1,656.3 1,656.9 1,651.8 1,652.3 1,045.6 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 1,337.3 1,339.2 1,335.8 1,347.7 1,365.1 1,371.7 1,377.6 1,387.6 1,409.0 1,418.2 1,416.1 1,422.4 1,434.3 1,448.2 1,456.1 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00004 Fmt 3401 605.6 665.4 660.7 658.3 657.8 691.8 712.6 735.4 772.3 759.8 726.0 731.3 735.6 748.8 762.8 776.7 779.1 770.5 766.1 763.8 758.5 750.6 751.4 756.1 763.0 Addendum: Personal consumption expenditures excluding food and energy 2 Retail sales of new passenger cars and light trucks (millions of units) 6,202.5 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 7,837.8 7,868.0 7,914.3 8,002.8 8,074.9 8,106.7 8,146.4 8,177.1 8,164.7 8,170.8 8,120.1 8,038.7 8,047.7 8,028.2 8,089.8 16.9 17.3 17.1 16.8 16.6 16.9 16.9 16.5 16.1 13.2 16.8 16.4 16.5 16.3 16.3 16.1 15.9 16.1 15.3 14.1 12.9 10.5 9.5 9.6 11.5 estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis 4 VerDate Nov 24 2008 Financial services and insurance Sfmt 3401 E:\HR\OC\ECOIND.004 ECOIND SOURCES OF PERSONAL INCOME Personal income rose $30.1 billion (annual rate) in October following an increase of $20.7 billion in September. Wages and salaries rose $2.7 billion in October following a decrease of $8.0 billion in September. [Billions of dollars; monthly data at seasonally adjusted annual rates] Compensation of employees, received ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. Oct ........ Nov ....... Dec ........ 2009: Jan ........ Feb ........ Mar ....... Apr r ....... May r ...... June r ..... July r ...... Aug r ...... Sept r ..... Oct p ....... hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2008: 1 With 2 With Total 7,910.8 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 12,268.2 12,235.6 12,196.6 12,038.3 11,937.1 11,882.7 11,969.8 12,146.9 12,029.7 12,061.1 12,092.1 12,112.8 12,142.9 5,348.8 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 8,071.6 8,058.2 8,021.2 7,863.0 7,798.4 7,756.0 7,804.2 7,820.1 7,823.6 7,829.1 7,845.7 7,838.3 7,842.3 Wage and salary disbursements 4,460.0 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 6,566.3 6,550.2 6,514.0 6,362.2 6,301.0 6,260.3 6,303.6 6,317.0 6,318.9 6,322.7 6,337.2 6,329.2 6,331.9 888.8 961.2 1,027.1 1,113.5 1,228.0 1,282.7 1,359.1 1,406.9 1,453.8 1,496.6 1,505.3 1,507.9 1,507.2 1,500.9 1,497.4 1,495.7 1,500.6 1,503.1 1,504.7 1,506.4 1,508.6 1,509.0 1,510.3 Farm 28.5 29.6 30.5 18.5 36.5 49.7 43.9 29.3 39.4 48.7 42.0 38.5 36.7 31.0 26.1 25.0 27.1 29.1 30.6 29.1 27.8 26.4 31.0 Nonfarm Personal income receipts on assets Rental income of persons 2 718.3 787.8 840.2 871.8 894.1 984.1 1,025.9 1,103.6 1,056.9 1,057.5 1,056.6 1,043.8 1,033.2 1,019.2 1,010.1 1,002.1 998.9 997.7 1,000.6 1,006.1 1,011.6 1,015.5 1,020.9 inventory valuation and capital consumption adjustments. capital consumption adjustment. mainly of social insurance benefits to persons. 208.2 215.3 232.4 218.7 204.2 198.4 178.2 146.5 144.9 210.4 234.2 237.0 238.9 242.2 245.9 249.7 255.4 261.9 268.7 273.9 279.0 284.2 288.5 Total 1,246.8 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 1,975.0 1,956.5 1,942.8 1,894.0 1,845.5 1,797.1 1,785.2 1,773.4 1,761.5 1,759.5 1,757.5 1,755.5 1,760.3 Personal interest income Personal dividend income 910.9 984.2 976.5 911.9 889.8 860.2 987.0 1,127.5 1,266.4 1,308.0 1,308.3 1,291.6 1,278.9 1,261.0 1,243.4 1,225.8 1,233.5 1,241.1 1,248.7 1,242.2 1,235.7 1,229.1 1,234.8 335.9 376.5 369.5 397.7 423.1 548.3 555.0 702.2 765.1 686.4 666.7 664.8 663.9 633.0 602.1 571.2 551.8 532.3 512.8 517.3 521.8 526.3 525.5 Personal current transfer receipts 3 1,021.6 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 1,884.4 1,895.8 1,913.8 1,966.0 1,979.7 2,016.2 2,068.3 2,236.1 2,116.6 2,135.9 2,144.8 2,166.4 2,173.6 Less: Contributions for government social insurance, domestic 661.3 705.8 733.2 751.5 778.9 827.3 872.7 921.8 959.3 990.6 995.6 994.3 990.0 977.1 968.6 963.3 969.3 971.4 971.9 972.5 974.4 973.5 973.7 NOTE.—Revisions include changes to series affected by revised wage and salary estimates for 2009:II. Source: Department of Commerce, Bureau of Economic Analysis. 3 Consists 5 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00005 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.005 ECOIND g:\graphics\eecoind.005 Period Total personal income Supplements to wages and salaries Proprietors’ income 1 DISPOSITION OF PERSONAL INCOME According to revised estimates, per capita disposable personal income in chained (2005) dollars fell at an annual rate of 2.4 percent in the third quarter of 2009. Personal income Period Less: Personal current taxes Equals: Disposable personal income Less: Personal outlays 1 Disposable personal income in billions of chained (2005) dollars Equals: Personal saving Per capita disposable personal income Current dollars Billions of dollars 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 ............ ............ ............ ............ ............ ............ ............ ............ ............ ............ 7,910.8 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 Chained (2005) dollars Per capita personal consumption expenditures Current dollars Chained (2005) dollars Dollars 1,107.5 6,803.3 6,595.5 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 10,520.0 207.8 213.1 204.9 282.2 289.8 303.7 127.7 235.0 178.9 286.4 7,766.7 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 24,356 25,945 26,809 27,806 28,816 30,303 31,338 33,183 34,478 35,486 Percent change in real per capita disposable personal income Saving as percent of disposable personal income Population, including Armed Forces overseas (thousands) 2 Percent 27,805 28,899 29,303 29,984 30,454 31,209 31,338 32,296 32,679 32,546 22,707 24,186 25,058 25,826 26,843 28,243 29,790 31,198 32,566 33,264 25,923 26,940 27,389 27,849 28,369 29,087 29,790 30,364 30,868 30,509 1.9 3.9 1.4 2.3 1.6 2.5 .4 3.1 1.2 ¥.4 3.1 2.9 2.7 3.5 3.5 3.4 1.4 2.4 1.7 2.7 279,328 282,413 285,294 288,055 290,729 293,348 296,036 298,820 301,737 304,529 32,020 32,230 32,297 32,633 32,697 32,664 32,716 32,642 32,379 33,075 32,270 32,460 32,413 32,840 32,640 30,725 31,054 31,392 31,617 32,126 32,398 32,656 33,081 33,262 33,521 33,522 32,752 32,613 32,585 32,964 30,182 30,278 30,386 30,609 30,818 30,835 30,901 30,917 30,806 30,747 30,399 30,087 30,071 29,944 30,090 6.8 2.6 .8 4.2 .8 ¥.4 .6 ¥.9 ¥3.2 8.9 ¥9.4 2.4 ¥.6 5.4 ¥2.4 2.2 2.5 2.3 2.5 2.0 1.8 1.6 1.5 1.2 3.4 2.2 3.8 3.7 5.4 4.5 297,743 298,399 299,175 299,965 300,644 301,332 302,108 302,865 303,498 304,128 304,872 305,620 306,245 306,872 307,615 2006: I ....... II ..... III .... IV .... 2007: I ....... II ..... III .... IV .... 2008: I ....... II ..... III .... IV .... 2009: I ....... II r .... III r .. 11,026.7 11,204.0 11,336.9 11,504.8 11,706.9 11,823.4 11,945.6 12,100.3 12,142.2 12,292.9 12,286.6 12,233.5 11,952.7 12,048.8 12,088.7 1,321.5 1,340.2 1,354.3 1,393.5 1,459.5 1,481.8 1,500.7 1,521.9 1,531.8 1,326.2 1,437.3 1,434.3 1,187.3 1,082.6 1,089.1 9,705.2 9,863.8 9,982.5 10,111.2 10,247.4 10,341.7 10,445.0 10,578.4 10,610.4 10,966.7 10,849.3 10,799.1 10,765.4 10,966.2 10,999.6 9,493.5 9,618.2 9,754.9 9,856.4 10,038.3 10,158.2 10,275.6 10,425.0 10,484.1 10,592.2 10,613.6 10,389.9 10,362.3 10,370.5 10,509.7 211.7 245.6 227.7 254.8 209.1 183.5 169.4 153.5 126.3 374.4 235.7 409.2 403.1 595.7 489.9 9,533.8 9,617.3 9,662.5 9,788.8 9,830.2 9,842.7 9,883.9 9,886.2 8,826.9 10,059.0 9,838.3 9,920.4 9,926.4 10,077.5 10,040.6 1 Includes personal consumption expenditures, personal interest payments (nonmortgage), and personal current transfer payments. 2 Annual data are averages of quarterly data, which are averages for the period. 32,596 33,056 33,367 33,708 34,085 34,320 34,574 34,928 34,960 36,059 35,586 35,335 35,153 35,735 35,758 NOTE.—Revisions include changes to series affected by revised wage and salary estimates for 2009:II. Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census). 6 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00006 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.006 ECOIND g:\graphics\eecoind.006 hsrobinson on DSK69SOYB1PROD with HEARING Seasonally adjusted annual rates FARM INCOME According to the revised forecast for 2009, gross farm income is forecast at $335.2 billion, and net farm income at $57.0 billion. [Billions of dollars; quarterly data at seasonally adjusted annual rates] Income of farm operators from farming Gross farm income Cash marketing receipts Total 1 hsrobinson on DSK69SOYB1PROD with HEARING Total 2000 ................................ 2001 ................................ 2002 ................................ 2003 ................................ 2004 ................................ 2005 ................................ 2006 ................................ 2007 ................................ 2008 ................................ 2009 r ............................... 2007: I .......................... II ......................... III ........................ IV ........................ 2008: I .......................... II ......................... III ........................ IV ........................ 2009: I r ......................... II r ........................ III r ...................... IV r ....................... 241.7 249.9 230.6 258.6 294.7 298.4 291.2 338.4 377.1 335.2 331.3 325.3 347.1 350.0 407.7 367.0 380.6 353.2 371.1 323.9 306.7 339.0 Livestock and products 192.1 200.0 194.6 216.1 238.0 241.0 240.9 288.5 324.2 282.1 272.0 283.5 302.2 296.2 340.8 322.1 333.5 300.4 302.9 279.1 263.5 282.8 99.6 106.7 93.9 105.7 123.5 124.9 118.6 138.6 141.1 118.4 139.4 139.8 138.7 136.2 142.2 141.7 140.8 139.7 120.6 115.5 112.0 125.7 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 92.5 93.4 100.7 110.5 114.5 116.1 122.3 149.9 183.1 163.6 132.6 143.7 163.5 160.0 198.6 180.4 192.6 160.7 182.4 163.6 151.4 157.2 Direct Government payments 4 1.6 1.1 ¥3.5 ¥2.7 11.2 ¥.4 ¥3.1 .6 ¥2.4 ¥1.0 .6 .6 .7 .6 ¥2.5 ¥2.4 ¥2.4 ¥2.2 ¥1.1 ¥1.0 ¥.9 ¥1.0 Production expenses 23.2 22.4 12.4 16.5 13.0 24.4 15.8 11.9 12.2 12.5 23.5 4.4 5.1 14.7 24.1 4.5 5.2 15.1 24.6 4.6 5.3 15.4 191.0 195.0 191.4 197.7 207.3 219.7 232.7 267.5 290.0 278.1 252.2 262.9 280.3 274.7 304.9 288.2 298.4 268.8 298.7 275.2 259.8 278.9 Net farm income 50.7 54.9 39.1 60.9 87.3 78.7 58.5 70.9 87.1 57.0 79.1 62.4 66.9 75.3 102.8 78.9 82.2 84.5 72.4 48.7 46.9 60.1 4 Includes only Government payments made directly to farmers. NOTE.—Data for 2009 are forecasts. Source: Department of Agriculture. 7 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00007 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.007 ECOIND g:\graphics\eecoind.007 Period CORPORATE PROFITS In the third quarter of 2009, according to current estimates, corporate profits before tax rose $156.2 billion (annual rate) and profits after tax rose $149.6 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 hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ I ....................... II ..................... III .................... IV .................... 2007: I ...................... II ..................... III .................... IV .................... 2008: I ...................... II ..................... III .................... IV .................... 2009: I ...................... II ..................... III p .................. 1 See 776.6 755.7 720.8 762.8 892.2 1,195.1 1,609.5 1,784.7 1,730.4 1,424.5 1,781.9 1,771.4 1,822.8 1,762.7 1,705.4 1,779.1 1,732.9 1,704.1 1,512.9 1,463.8 1,522.2 1,199.3 1,327.6 1,355.1 1,475.9 655.0 610.0 551.1 604.9 726.4 990.1 1,370.0 1,527.8 1,382.6 1,047.3 1,535.0 1,516.1 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 Financial 189.3 189.6 228.0 265.2 311.8 362.3 443.6 448.0 367.8 278.9 466.5 467.8 434.8 422.8 384.2 406.2 378.2 302.5 357.0 330.8 297.5 130.3 253.9 280.7 376.8 Total 3 Manufacturing Utilities Wholesale Retail 465.7 148.8 33.7 54.8 65.7 420.4 143.9 25.6 58.7 60.7 323.1 49.7 25.2 51.3 72.6 339.7 47.7 12.3 49.1 81.6 414.6 69.4 12.4 54.8 88.9 627.8 154.1 19.4 75.6 93.4 926.4 247.2 29.8 92.2 122.6 1,079.9 304.5 54.4 103.7 133.2 1,014.9 278.6 49.1 102.2 121.6 768.4 175.5 40.1 75.1 78.2 1,068.5 294.4 45.2 104.4 132.3 1,048.3 302.3 53.1 100.7 123.3 1,137.0 336.4 60.8 107.4 136.4 1,065.8 285.0 58.4 102.2 140.7 1,039.0 288.9 51.3 107.9 127.9 1,061.7 316.0 46.6 117.0 137.2 984.2 244.0 47.3 107.9 118.7 974.5 265.7 51.2 76.0 102.4 743.6 187.6 33.1 46.6 75.6 766.0 160.1 43.1 56.6 80.2 827.5 205.7 43.5 85.8 77.1 736.6 148.6 40.8 111.5 79.7 758.0 121.6 53.6 94.0 83.1 773.3 132.3 53.4 87.5 95.1 777.7 ................ ................ .............. .............. 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 780.5 772.5 712.7 765.3 903.5 1,229.4 1,640.2 1,822.7 1,774.4 1,462.7 1,815.3 1,819.8 1,865.1 1,790.7 1,747.6 1,808.6 1,758.2 1,783.1 1,620.8 1,593.5 1,576.6 1,060.1 1,246.5 1,337.1 1,493.3 258.8 265.1 203.3 192.3 243.8 306.1 412.4 473.3 451.5 292.2 460.7 475.1 496.6 460.7 469.5 466.5 440.0 430.1 323.2 317.5 304.8 223.3 270.3 305.9 312.6 Total Net dividends 521.7 507.4 509.4 573.0 659.7 923.3 1,227.8 1,349.5 1,322.8 1,170.6 1,354.6 1,344.7 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 1,180.7 337.4 377.9 370.9 399.3 424.9 550.3 557.3 704.8 767.8 689.9 646.4 691.1 727.1 754.5 772.6 778.1 770.6 749.9 719.4 693.7 676.6 669.9 618.1 556.0 r543.3 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00008 Fmt 3401 184.3 129.5 138.5 173.8 234.8 373.0 670.5 644.7 555.1 480.7 708.2 653.6 641.4 575.5 505.5 564.0 547.6 603.2 578.2 582.3 595.3 166.9 358.0 475.1 637.4 ¥4.0 ¥16.8 8.0 ¥2.6 ¥11.3 ¥34.3 ¥30.7 ¥38.0 ¥44.0 ¥38.2 ¥33.4 ¥48.4 ¥42.3 ¥28.0 ¥42.2 ¥29.5 ¥25.3 ¥79.0 ¥107.9 ¥129.6 ¥54.5 139.2 81.1 18.1 ¥17.4 NOTE.—Data by industry beginning 1998 are based on the 1997 North American Industry Classification System (NAICS). Source: Department of Commerce, Bureau of Economic Analysis. 8 VerDate Nov 24 2008 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 third quarter of 2009, according to revised estimates, nonresidential fixed investment in chained (2005) dollars fell $13.5 billion (annual rate) and residential investment rose $15.7 billion. There was a decrease of $133.4 billion in inventories following a decrease of $160.2 billion in the second quarter. [Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates] Fixed investment Period hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Change in private inventories Nonresidential Total Total Equipment and software Residential Structures Total Nonfarm ................................................................................. ................................................................................. ................................................................................. ................................................................................. ................................................................................. ................................................................................. ................................................................................. ................................................................................. .................................................................................. ................................................................................. 1,844.3 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 1,782.1 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 1,200.9 1,318.5 1,281.8 1,180.2 1,191.0 1,263.0 1,347.3 1,453.9 1,544.3 1,569.7 408.2 440.0 433.3 356.6 343.0 346.7 351.8 384.0 441.4 486.8 810.9 895.8 866.9 830.3 851.4 917.3 995.6 1,069.6 1,097.0 1,068.6 574.2 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 68.5 60.2 ¥41.8 12.8 17.3 66.3 50.0 59.4 19.5 ¥25.9 70.8 61.2 ¥41.5 15.6 17.2 58.3 49.8 63.2 20.4 ¥20.4 2006: I ............................................................................. II ........................................................................... III ......................................................................... IV .......................................................................... 2,264.7 2,261.2 2,229.6 2,166.0 2,200.2 2,189.9 2,162.2 2,132.9 1,424.9 1,450.3 1,466.0 1,474.5 364.8 383.7 393.2 394.6 1,060.7 1,066.3 1,072.0 1,079.3 775.2 740.1 697.4 660.2 65.8 72.5 67.5 31.8 62.3 80.4 73.9 36.2 2007: I ........................................................................... II ........................................................................... III ......................................................................... IV .......................................................................... 2008: I ............................................................................ II ........................................................................... III ......................................................................... IV .......................................................................... 2,132.6 2,162.2 2,166.5 2,123.4 2,082.9 2,026.5 1,990.7 1,857.7 2,118.8 2,137.7 2,135.6 2,113.0 2,079.2 2,064.8 2,020.4 1,909.3 1,489.6 1,530.3 1,565.8 1,591.3 1,598.9 1,604.4 1,579.2 1,496.1 409.2 430.7 456.8 469.1 476.8 493.2 493.1 484.0 1,078.1 1,095.2 1,101.3 1,113.3 1,111.9 1,097.7 1,071.0 993.7 631.7 610.4 572.9 525.0 483.2 462.9 443.3 415.0 14.5 23.3 29.8 10.3 .6 ¥37.1 ¥29.7 ¥37.4 8.3 27.9 32.7 12.5 14.5 ¥35.8 ¥24.5 ¥35.7 2009: I ............................................................................ II ........................................................................... III r ........................................................................ 1,558.5 1,456.7 1,486.4 1,687.5 1,631.9 1,633.1 1,321.2 1,288.4 1,274.9 419.4 400.0 383.9 887.5 876.5 881.5 367.9 344.4 360.1 ¥113.9 ¥160.2 ¥133.4 ¥114.9 ¥163.1 ¥136.9 NOTE.—See p. 10 for further detail on fixed investment by type. Because of the formula used for calculating real GDP, the chained (2005) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis. 9 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: Total fixed investment Structures Information processing equipment and software Total nonresidential Structures Total Computers and peripheral equipment 1 Software Total Transportation equipment Other equipment Total residential Total 2 Single family Other Industrial equipment Equipment ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... I .................... II ................... III ................. IV .................. 1,782.1 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 2,200.2 2,189.9 2,162.2 2,132.9 1,200.9 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 1,424.9 1,450.3 1,466.0 1,474.5 408.2 440.0 433.3 356.6 343.0 346.7 351.8 384.0 441.4 486.8 364.8 383.7 393.2 394.6 810.9 895.8 866.9 830.3 851.4 917.3 995.6 1,069.6 1,097.0 1,068.6 1,060.7 1,066.3 1,072.0 1,079.3 332.0 391.9 390.2 379.3 405.0 443.1 475.3 514.8 555.7 588.8 505.7 508.9 520.4 524.1 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 151.5 172.4 173.7 173.4 185.6 204.6 218.0 227.1 241.5 257.0 222.4 224.8 228.5 232.8 139.9 168.4 163.2 148.4 156.4 168.1 178.4 191.2 202.3 211.1 192.2 189.8 191.9 191.0 161.8 175.8 162.8 151.9 151.6 147.4 159.6 172.9 180.9 174.7 165.1 176.2 174.7 175.6 190.3 186.2 169.6 154.2 140.4 162.3 181.7 196.5 177.4 128.9 202.6 194.1 193.7 195.5 142.4 150.4 149.3 148.2 155.0 164.4 178.9 185.5 184.1 180.3 187.3 187.0 183.4 184.3 574.2 580.0 583.3 613.8 664.3 729.5 775.0 718.2 585.0 451.1 775.2 740.1 697.4 660.2 567.5 572.6 575.6 605.9 655.9 720.1 765.2 708.1 575.0 441.5 764.9 730.0 687.3 650.2 311.5 315.0 315.4 327.7 362.6 406.1 433.5 391.1 283.9 179.7 442.4 409.4 374.6 338.0 6.9 7.4 7.6 7.9 8.4 9.4 9.8 10.2 10.1 9.8 10.3 10.1 10.1 10.1 2007: I .................... II ................... III ................. IV .................. 2,118.8 2,137.7 2,135.6 2,113.0 1,489.6 1,530.3 1,565.8 1,591.3 409.2 430.7 456.8 469.1 1,078.1 1,095.2 1,101.3 1,113.3 540.2 546.9 558.2 577.5 ............. ............. ............. ............. 235.0 238.9 242.6 249.6 198.4 200.3 203.1 207.4 172.4 186.9 185.9 178.6 188.2 178.1 171.8 171.5 178.3 183.7 186.4 188.0 631.7 610.4 572.9 525.0 621.6 600.4 562.9 515.0 314.0 301.6 277.9 242.1 10.2 10.0 10.1 10.2 2008: I .................... II ................... III ................. IV .................. 2,079.2 2,064.8 2,020.4 1,909.3 1,598.9 1,604.4 1,579.2 1,496.1 476.8 493.2 493.1 484.0 1,111.9 1,097.7 1,071.0 993.7 591.7 601.3 594.5 567.6 ............. ............. ............. ............. 257.3 260.3 258.3 252.2 209.2 214.2 216.7 204.3 179.3 178.6 173.7 167.2 161.9 141.0 121.7 90.9 182.3 180.9 185.4 172.6 483.2 462.9 443.3 415.0 473.3 453.0 433.7 405.8 208.6 189.1 171.8 149.4 10.1 10.1 9.8 9.4 2009: I .................... II ................... III r ................ 1,633.1 1,631.9 1,633.1 1,274.9 1,288.4 1,274.9 383.9 400.0 383.9 881.5 876.5 881.5 556.6 544.8 556.6 ............. ............. ............. 243.3 236.2 243.3 202.9 199.1 202.9 130.2 135.2 130.2 66.5 62.7 66.5 139.9 144.0 139.9 360.1 344.4 360.1 351.0 335.5 351.0 110.5 96.3 110.5 9.2 8.9 9.2 1 For details on this component, see Survey of Current Business, Tables 5.3.6, 5.3.1 for growth rates, 5.3.2 for contributions, and 5.3.3 for quantity indexes. 2 Includes other items, not shown separately. NOTE.—Because of the formula used for calculating real GDP, the chained (2005) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis. BUSINESS INVESTMENT [Billions of dollars] Capital expenditures By industry Period Total capital expenditures Total by industry Forestry, fishing and agricultural services Mining Con- ManuUtili- strucfacties turtion ing ProFor Real fesscomTransesional, Health panies portaFiscien- care withWhole- Retail tion Infor- nance tate and tific, and out 1 sale and maand Other and social emtrade trade waretion insur- rental and tech- assisployhousance leasnical tance ees ing ing services hsrobinson on DSK69SOYB1PROD with HEARING For companies with employees 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 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 1,361.6 1,277.4 2.1 121.7 83.6 36.7 197.0 31.8 84.2 68.5 105.3 172.5 123.0 31.8 83.8 135.3 84.2 1 Includes the following industries: Management of companies and enterprises; administrative and support and waste management; educational services; arts, entertainment, and recreation; accommodation and food services; and other services (except public administration). Also includes an item for structure and equipment expenditures serving multiple industry categories. NOTE.—Data from Annual Capital Expenditures. Industry data are based on the North American Industry Classification System (NAICS). Data shown in this table are capital expenditures for both new and used structures and equipment. Source: Department of Commerce, Bureau of the Census. 10 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00010 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.010 ECOIND EMPLOYMENT, UNEMPLOYMENT, AND WAGES STATUS OF THE LABOR FORCE In November, employment rose by 227,000 and unemployment fell by 325,000. [Thousands of persons 16 years of age and over, except as noted; monthly data seasonally adjusted except as noted by NSA] Civilian employment 1999 2 .................... 2000 2 .................... 2001 ..................... 2002 ...................... 2003 2 .................... 2004 2 .................... 2005 2 .................... 2006 2 .................... 2007 2 .................... 2008 2 .................... 2008: Nov ............ Dec ............ 2009: Jan 2 .......... Feb ............ Mar ........... Apr ............ May ........... June .......... July ........... Aug ........... Sept ........... Oct ............ Nov ............ Civilian noninstitutional population (NSA) Civilian labor force 207,753 212,577 215,092 217,570 221,168 223,357 226,082 228,815 231,867 233,788 234,828 235,035 234,739 234,913 235,086 235,271 235,452 235,655 235,870 236,087 236,322 236,550 236,743 139,368 142,583 143,734 144,863 146,510 147,401 149,320 151,428 153,124 154,287 154,620 154,447 153,716 154,214 154,048 154,731 155,081 154,926 154,504 154,577 154,006 153,975 153,877 Total Men 20 years and over Women 20 years and over Both sexes 16–19 years Total 133,488 136,891 136,933 136,485 137,736 139,252 141,730 144,427 146,047 145,362 144,144 143,338 142,099 141,748 140,887 141,007 140,570 140,196 140,041 139,649 138,864 138,275 138,502 67,761 69,634 69,776 69,734 70,415 71,572 73,050 74,431 75,337 74,750 74,045 73,285 72,613 72,293 71,655 71,678 71,593 71,387 71,319 71,204 70,887 70,671 70,751 58,555 60,067 60,417 60,420 61,402 61,773 62,702 63,834 64,799 65,039 64,902 64,860 64,298 64,271 64,148 64,226 63,895 63,810 63,789 63,662 63,318 63,152 63,288 7,172 7,189 6,740 6,332 5,919 5,907 5,978 6,162 5,911 5,573 5,196 5,194 5,188 5,184 5,083 5,103 5,082 4,999 4,933 4,783 4,659 4,452 4,462 5,880 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 10,476 11,108 11,616 12,467 13,161 13,724 14,511 14,729 14,462 14,928 15,142 15,700 15,375 1 Civilian labor force (or employment) as percent of civilian noninstitutional population; and unemployment as percent of civilian labor force. 2 Not strictly comparable with earlier data. NOTE.—Beginning January 2009 data reflect revised population controls and are not strictly comparable with earlier data. Men 20 years and over 2,433 2,376 3,040 3,896 4,209 3,791 3,392 3,131 3,259 4,297 5,290 5,714 5,972 6,394 6,923 7,403 7,802 7,904 7,726 8,027 8,131 8,437 8,286 Women 20 years and over Both sexes 16–19 years 2,285 2,235 2,599 3,228 3,314 3,150 3,013 2,751 2,718 3,342 3,851 4,031 4,286 4,646 4,828 4,922 5,217 5,249 5,196 5,261 5,385 5,562 5,460 1,162 1,081 1,162 1,253 1,251 1,208 1,186 1,119 1,101 1,285 1,335 1,363 1,359 1,427 1,410 1,398 1,491 1,576 1,541 1,640 1,626 1,700 1,628 Not in labor force Labor force participation rate Employment/ population ratio Unemployment rate 67.1 67.1 66.8 66.6 66.2 66.0 66.0 66.2 66.0 66.0 65.8 65.7 65.5 65.6 65.5 65.8 65.9 65.7 65.5 65.5 65.2 65.1 65.0 64.3 64.4 63.7 62.7 62.3 62.3 62.7 63.1 63.0 62.2 61.4 61.0 60.5 60.3 59.9 59.9 59.7 59.5 59.4 59.2 58.8 58.5 58.5 4.2 4.0 4.7 5.8 6.0 5.5 5.1 4.6 4.6 5.8 6.8 7.2 7.6 8.1 8.5 8.9 9.4 9.5 9.4 9.7 9.8 10.2 10.0 68,385 69,994 71,359 72,707 74,658 75,956 76,762 77,387 78,743 79,501 80,208 80,588 81,023 80,699 81,038 80,541 80,371 80,729 81,366 81,509 82,316 82,575 82,866 See Employment and Earnings for details on breaks in series. Source: Department of Labor, Bureau of Labor Statistics. 11 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00011 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.011 ECOIND g:\graphics\eecoind.011 hsrobinson on DSK69SOYB1PROD with HEARING Period Percent 1 Unemployment SELECTED UNEMPLOYMENT RATES In November, the unemployment rate fell to 10.0 percent from 10.2 percent in October. [Monthly data seasonally adjusted] Unemployment rate (percent of civilian labor force in group) By race or ethnicity 1 hsrobinson on DSK69SOYB1PROD with HEARING Period All civilian workers 1999 ......................... 2000 ........................ 2001 ........................ 2002 ........................ 2003 ........................ 2004 ......................... 2005 ......................... 2006 ......................... 2007 ......................... 2008 ......................... 2008: Nov .............. Dec ............... 2009: Jan ............... Feb ............... Mar .............. Apr ............... May .............. June ............. July .............. Aug .............. Sept .............. Oct ............... Nov .............. 4.2 4.0 4.7 5.8 6.0 5.5 5.1 4.6 4.6 5.8 6.8 7.2 7.6 8.1 8.5 8.9 9.4 9.5 9.4 9.7 9.8 10.2 10.0 Men 20 years and over Women 20 years and over 3.5 3.3 4.2 5.3 5.6 5.0 4.4 4.0 4.1 5.4 6.7 7.2 7.6 8.1 8.8 9.4 9.8 10.0 9.8 10.1 10.3 10.7 10.5 3.8 3.6 4.1 5.1 5.1 4.9 4.6 4.1 4.0 4.9 5.6 5.9 6.2 6.7 7.0 7.1 7.5 7.6 7.5 7.6 7.8 8.1 7.9 Both sexes 16–19 years 13.9 13.1 14.7 16.5 17.5 17.0 16.6 15.4 15.7 18.7 20.4 20.8 20.8 21.6 21.7 21.5 22.7 24.0 23.8 25.5 25.9 27.6 26.7 White 3.7 3.5 4.2 5.1 5.2 4.8 4.4 4.0 4.1 5.2 6.2 6.6 6.9 7.3 7.9 8.0 8.6 8.7 8.6 8.9 9.0 9.5 9.3 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 8.0 7.6 8.6 10.2 10.8 10.4 10.0 8.9 8.3 10.1 11.3 11.9 12.6 13.4 13.3 15.0 14.9 14.7 14.5 15.1 15.4 15.7 15.6 .......... 3.6 4.5 5.9 6.0 4.4 4.0 3.0 3.2 4.0 4.8 5.1 6.2 6.9 6.4 6.6 6.7 8.2 8.3 7.5 7.4 7.5 7.3 6.4 5.7 6.6 7.5 7.7 7.0 6.0 5.2 5.6 7.6 8.6 9.2 9.7 10.9 11.4 11.3 12.7 12.2 12.3 13.0 12.7 13.1 12.7 Married men, spouse present 2.2 2.0 2.7 3.6 3.8 3.1 2.8 2.4 2.5 3.4 4.2 4.4 5.0 5.5 5.8 6.3 6.8 6.9 6.9 7.1 7.4 7.6 7.6 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00012 Fmt 3401 Full-time workers Part-time workers 6.4 5.9 6.6 8.0 8.5 8.0 7.8 7.1 6.5 8.0 9.3 9.5 10.3 10.3 10.8 10.0 11.0 11.7 12.6 12.2 11.6 12.9 11.4 4.1 3.8 4.7 5.9 6.1 5.6 5.0 4.5 4.6 5.8 7.0 7.5 8.0 8.6 9.2 9.6 10.2 10.3 10.1 10.5 10.7 11.1 11.0 5.0 4.8 5.1 5.2 5.5 5.3 5.4 5.1 4.9 5.5 5.8 5.9 5.9 5.8 5.9 6.1 6.0 5.9 6.0 6.3 6.4 6.1 5.6 NOTE.—Data relate to persons age 16 years and over. Source: Department of Labor, Bureau of Labor Statistics. 12 VerDate Nov 24 2008 Women who maintain families (NSA) Sfmt 3401 E:\HR\OC\ECOIND.012 ECOIND g:\graphics\eecoind.012 By sex and age SELECTED MEASURES OF UNEMPLOYMENT AND UNEMPLOYMENT INSURANCE PROGRAMS In November, the percentages of the unemployed who had been out of work for less than 5 weeks and 5– 14 weeks fell, the percentage for 15–26 weeks was unchanged, while the percentage for 27 weeks and over rose. The mean duration of unemployment rose to 28.5 weeks and the median duration rose to 20.1 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 Initial claims Insured unemployment, all regular programs (unadjusted) 2 1999 ........................................ 2000 ........................................ 2001 ........................................ 2002 ........................................ 2003 ........................................ 2004 ........................................ 2005 ........................................ 2006 ........................................ 2007 ........................................ 2008 ........................................ 2008: Nov .............................. Dec .............................. 2009: Jan .............................. Feb .............................. Mar ............................. Apr .............................. May ............................. June ............................ July ............................. Aug .............................. Sept ............................. Oct .............................. Nov .............................. 5,880 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 10,476 11,108 11,616 12,467 13,161 13,724 14,511 14,729 14,462 14,928 15,142 15,700 15,375 43.7 44.9 42.0 34.5 31.7 33.1 35.1 37.3 35.9 32.8 31.4 29.2 31.0 26.9 25.7 24.7 22.4 21.2 22.0 20.2 19.4 20.0 18.2 31.2 31.9 32.3 30.8 29.8 29.2 30.4 30.3 31.5 31.4 30.3 30.4 29.8 31.4 30.8 29.4 29.6 26.9 24.2 27.5 25.6 23.7 22.9 12.8 11.8 14.0 16.3 16.4 15.9 14.9 14.7 15.0 16.0 17.0 17.2 16.8 18.6 19.3 18.7 20.9 22.9 19.9 18.9 19.3 20.6 20.6 12.3 11.4 11.8 18.3 22.1 21.8 19.6 17.6 17.6 19.7 21.3 23.2 22.4 23.1 24.2 27.2 27.0 29.0 33.8 33.3 35.6 35.6 38.3 1 Beginning January 1994, job losers and persons who completed temporary jobs. 2 Includes State (50 States, District of Columbia, Puerto Rico, and Virgin Islands), ex-servicemen (UCX), and Federal (UCFE). Also includes Federal and State extended benefit programs. Does not include Railroad (RR) program, Federal supplemental compensation or Emergency Unemployment Compensation programs. 13.4 12.6 13.1 16.6 19.2 19.6 18.4 16.8 16.8 17.9 18.9 19.7 19.8 19.8 20.1 21.4 22.5 24.5 25.1 24.9 26.2 26.9 28.5 6.4 5.9 6.8 9.1 10.1 9.8 8.9 8.3 8.5 9.4 10.0 10.6 10.3 11.0 11.2 12.5 14.9 17.9 15.7 15.4 17.3 18.7 20.1 44.6 44.2 51.1 55.0 55.1 51.5 48.3 47.4 49.7 53.7 58.6 58.4 61.1 62.3 63.5 64.4 65.4 65.4 64.9 65.3 66.6 66.0 65.1 13.3 13.7 12.3 10.3 9.3 10.5 11.5 11.8 11.2 10.0 8.9 9.1 8.0 6.6 6.8 6.5 6.2 5.6 6.0 5.5 5.5 5.7 6.0 34.1 34.5 29.9 28.3 28.2 29.5 31.4 32.0 30.3 27.7 25.3 25.1 24.1 22.9 22.9 22.5 21.8 22.6 22.5 22.0 20.8 21.5 20.7 8.0 7.6 6.8 6.4 7.3 8.4 8.8 8.8 8.9 8.6 7.2 7.5 6.8 8.1 6.7 6.6 6.6 6.4 6.6 7.2 7.1 6.8 8.2 2,188 2,110 2,974 3,585 3,531 2,950 2,661 2,476 2,572 3,306 4,125 4,430 4,670 5,085 5,686 6,297 6,747 6,732 6,274 6,190 6,130 5,817 .............. 298 301 404 407 404 345 328 313 324 424 520 537 573 637 658 630 631 612 558 572 545 524 p 481 2,219 2,141 3,007 3,619 3,569 2,995 2,706 2,518 2,610 3,343 3,819 r 4,771 r 5,382 6,098 r 6,922 r 6,074 r 6,232 r 6,258 5,647 r 6,196 5,100 4,662 ................. NOTE.—Data relate to persons age 16 years and over (except for insured unemployment and initial claims). Source: Department of Labor (Bureau of Labor Statistics and Employment and Training Administration). 13 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00013 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.013 ECOIND g:\graphics\eecoind.013 hsrobinson on DSK69SOYB1PROD with HEARING Weekly average, thousands NONAGRICULTURAL EMPLOYMENT Total nonagricultural employment as measured by the payroll survey fell by 11,000 in November. [Thousands of wage and salary workers; 1 monthly data seasonally adjusted] Goods-producing industries Period .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. Nov ........ Dec ......... 2009: Jan ......... Feb ........ Mar ........ Apr ......... May ........ June ....... July ........ Aug ........ Sept r ...... Oct r ........ Nov p ....... hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2008: 128,993 131,785 131,826 130,341 129,999 131,435 133,703 136,086 137,598 137,066 135,755 135,074 134,333 133,652 133,000 132,481 132,178 131,715 131,411 131,257 131,118 131,007 130,996 Total 2 Construction 24,465 24,649 23,873 22,557 21,816 21,882 22,190 22,531 22,233 21,419 20,814 20,532 20,127 19,832 19,520 19,253 19,041 18,829 18,713 18,583 18,488 18,375 18,306 6,545 6,787 6,826 6,716 6,735 6,976 7,336 7,691 7,630 7,215 6,939 6,841 6,706 6,593 6,470 6,367 6,310 6,231 6,162 6,096 6,043 5,987 5,960 Manufacturing 17,322 17,263 16,441 15,259 14,510 14,315 14,226 14,155 13,879 13,431 13,082 12,902 12,640 12,468 12,296 12,146 12,000 11,877 11,836 11,781 11,740 11,689 11,648 Service-providing industries Trade, transportation, and utilities Total 104,528 107,136 107,952 107,784 108,183 109,553 111,513 113,556 115,366 115,646 114,941 114,542 114,206 113,820 113,480 113,228 113,137 112,886 112,698 112,674 112,630 112,632 112,690 Total 3 Retail trade 25,771 26,225 25,983 25,497 25,287 25,533 25,959 26,276 26,630 26,385 26,005 25,843 25,735 25,605 25,479 25,371 25,308 25,258 25,174 25,146 25,090 25,030 24,996 14,970 15,280 15,239 15,025 14,917 15,058 15,280 15,353 15,520 15,356 15,126 15,038 14,992 14,934 14,872 14,840 14,812 14,792 14,747 14,726 14,686 14,642 14,628 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. Information 3,419 3,630 3,629 3,395 3,188 3,118 3,061 3,038 3,032 2,997 2,965 2,940 2,924 2,918 2,905 2,884 2,858 2,845 2,834 2,829 2,828 2,827 2,810 Financial activities 7,648 7,687 7,808 7,847 7,977 8,031 8,153 8,328 8,301 8,146 8,043 8,010 7,954 7,898 7,857 7,811 7,784 7,751 7,737 7,714 7,703 7,693 7,683 Profes- Educasional tion Leisure and and and busihospihealth ness tality services services 15,957 16,666 16,476 15,976 15,987 16,394 16,954 17,566 17,942 17,778 17,488 17,356 17,205 17,029 16,910 16,783 16,756 16,655 16,624 16,618 16,642 16,680 16,766 14,798 15,109 15,645 16,199 16,588 16,953 17,372 17,826 18,322 18,855 19,044 19,080 19,119 19,138 19,158 19,175 19,215 19,248 19,262 19,312 19,348 19,388 19,428 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00014 Fmt 3401 Government Total 5,087 5,168 5,258 5,372 5,401 5,409 5,395 5,438 5,494 5,528 5,509 5,477 5,461 5,449 5,426 5,420 5,416 5,420 5,415 5,405 5,395 5,380 5,377 20,307 20,790 21,118 21,513 21,583 21,621 21,804 21,974 22,218 22,500 22,543 22,532 22,540 22,547 22,543 22,616 22,605 22,533 22,475 22,487 22,448 22,494 22,501 Federal 2,769 2,865 2,764 2,766 2,761 2,730 2,732 2,732 2,734 2,764 2,783 2,778 2,793 2,796 2,808 2,876 2,860 2,817 2,826 2,825 2,827 2,844 2,845 2 Includes natural resources and mining, not shown separately. 3 Includes wholesale trade, transportation and warehousing, and utilities, not shown separately. NOTE.—Data classified by industry based on the 2007 North American Industry Classification System (NAICS). For details see Employment and Earnings. Source: Department of Labor, Bureau of Labor Statistics. 14 VerDate Nov 24 2008 11,543 11,862 12,036 11,986 12,173 12,493 12,816 13,110 13,427 13,459 13,344 13,304 13,268 13,236 13,202 13,168 13,195 13,176 13,177 13,163 13,176 13,140 13,129 Other services 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 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2008: ................. ................ ................. ................. ................. ................. ................. ................. ................. ................. Oct ........ Nov ....... Dec ....... 2009: Jan ....... Feb ....... Mar ....... Apr ....... May ....... June ...... July ....... Aug ....... Sept r ..... Oct r ....... Nov p ...... 34.3 34.3 34.0 33.9 33.7 33.7 33.8 33.9 33.9 33.6 33.5 33.4 33.3 33.3 33.3 33.1 33.1 33.1 33.0 33.1 33.1 33.1 33.0 33.2 Total Overtime 41.4 41.3 40.3 40.5 40.4 40.8 40.7 41.1 41.2 40.8 40.4 40.2 39.9 39.8 39.5 39.4 39.6 39.4 39.5 39.9 39.9 40.0 40.1 40.4 Average gross weekly earnings Total private nonagricultural 1 4.9 4.7 4.0 4.2 4.2 4.6 4.6 4.4 4.2 3.7 3.5 3.2 2.9 2.9 2.7 2.6 2.7 2.8 2.8 2.9 3.0 3.0 3.3 3.4 Current dollars $13.49 14.02 14.54 14.97 15.37 15.69 16.13 16.76 17.43 18.08 18.28 18.34 18.40 18.43 18.46 18.50 18.50 18.53 18.54 18.59 18.66 18.68 18.73 18.74 Total private nonagricultural 1 Manufacturing 1982 dollars 2 $8.01 8.04 8.12 8.25 8.28 8.24 8.18 8.24 8.33 8.30 8.33 8.54 8.65 8.64 8.61 8.64 8.65 8.65 8.57 8.59 8.58 8.57 8.57 .............. $13.85 14.32 14.76 15.29 15.74 16.14 16.56 16.81 17.26 17.74 17.89 17.94 17.96 17.99 18.07 18.10 18.11 18.11 18.13 18.27 18.27 18.36 18.36 18.39 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=100 base). Current dollars Current dollars 1982 dollars 2 $463.15 481.01 493.79 506.75 518.06 529.09 544.33 567.87 590.04 607.99 612.38 612.56 612.72 613.72 614.72 612.35 612.35 613.34 611.82 615.33 617.65 618.31 618.09 622.17 $275.03 275.97 275.71 279.20 279.13 277.88 276.17 279.19 281.97 279.14 279.11 285.23 288.12 287.60 286.80 286.10 286.16 286.25 282.94 284.48 283.98 283.77 282.72 .............. Manufacturing $573.14 590.77 595.19 618.75 635.99 658.49 673.30 691.02 711.56 724.23 722.76 721.19 716.60 716.00 713.77 713.14 717.16 713.53 716.14 728.97 728.97 734.40 736.24 742.96 Percent change from a year earlier, total private nonagricultural Construction Retail trade $655.11 685.78 695.89 711.82 726.83 735.55 750.22 781.21 816.66 842.36 849.11 839.96 851.58 850.10 851.96 851.64 845.63 849.38 849.01 854.28 857.68 843.75 842.80 855.78 $321.63 333.38 346.16 360.81 367.15 371.13 377.58 383.02 385.11 386.39 385.41 385.31 384.32 385.21 386.21 385.21 386.21 387.80 386.21 386.80 390.38 390.08 390.79 391.09 Current dollars 3.3 3.9 2.7 2.6 2.2 2.1 2.9 4.3 3.9 3.0 2.9 2.6 2.4 2.5 2.0 1.2 1.0 1.2 .9 1.2 .8 1.1 .9 1.6 1982 dollars 1.0 .3 ¥.1 1.3 ¥.0 ¥.4 ¥.6 1.1 1.0 ¥1.0 ¥.9 2.0 3.1 3.2 2.5 2.2 2.2 2.8 2.7 3.7 2.7 2.8 1.3 ................ Source: Department of Labor, Bureau of Labor Statistics. EMPLOYMENT COST INDEX—PRIVATE INDUSTRY Index (December 2005 = 100) Percent change from 3 months earlier Period Total compensation Wages and salaries Benefits 1 Total compensation Wages and salaries 12 months earlier Benefits 1 Total compensation Wages and salaries Benefits 1 Not seasonally adjusted 1999: 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. 80.2 83.6 87.3 90.0 93.6 97.2 100.0 103.2 106.3 108.9 83.5 86.7 89.9 92.2 95.1 97.6 100.0 103.2 106.6 109.4 72.6 76.7 81.3 84.7 90.2 96.2 100.0 103.1 105.6 107.7 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. hsrobinson on DSK69SOYB1PROD with HEARING Seasonally adjusted 2006: Mar ................................................................. June ............................................................... Sept ................................................................ Dec ................................................................. 2007: Mar ................................................................. June ............................................................... Sept ................................................................ Dec ................................................................. 2008: Mar ................................................................. June ............................................................... Sept ................................................................ Dec ................................................................. 2009: Mar ................................................................. June ............................................................... Sept ................................................................ 100.8 101.6 102.5 103.3 104.0 104.8 105.6 106.5 107.2 107.9 108.6 109.1 109.3 109.5 110.0 100.8 101.6 102.5 103.3 104.3 105.0 105.9 106.7 107.6 108.4 109.1 109.6 109.8 110.0 110.5 1 Employer costs for employee benefits. NOTE.—The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shifts among occupations and industries. Data exclude farm and household workers. 100.8 101.6 102.5 103.4 103.1 104.2 104.9 105.9 106.5 106.9 107.5 107.9 108.1 108.3 108.6 0.6 .8 .9 .8 .7 .8 .8 .9 .7 .7 .6 .5 .2 .2 .5 3.5 4.2 4.1 3.1 4.0 3.8 2.9 3.2 3.0 2.4 3.6 3.8 3.8 2.6 3.1 2.6 2.5 3.2 3.3 2.6 3.4 5.6 5.2 4.2 6.5 6.7 4.0 3.1 2.4 2.0 Not seasonally adjusted 0.7 .8 .9 .8 1.0 .7 .9 .8 .8 .7 .6 .5 .2 .2 .5 0.5 .8 .9 .9 ¥.3 1.1 .7 1.0 .6 .4 .6 .4 .2 .2 .3 2.6 2.8 3.0 3.2 3.2 3.1 3.1 3.0 3.2 3.0 2.8 2.4 1.9 1.5 1.2 2.4 2.8 3.0 3.2 3.6 3.3 3.4 3.3 3.2 3.1 2.9 2.6 2.0 1.6 1.4 3.0 2.7 2.8 3.1 2.2 2.6 2.4 2.4 3.2 2.6 2.4 2.0 1.6 1.3 1.1 Data beginning 2001 are based on the 2002 North American Industry Classification (NAICS); data prior to 2001 are based on the Standard Industrial Classification (SIC). For details on industry classification and other details see Employment Cost Index, release dated April 28, 2006. Source: Department of Labor, Bureau of Labor Statistics. 15 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00015 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.015 ECOIND PRODUCTIVITY AND RELATED DATA, BUSINESS SECTOR Output per hour of all persons Period Business sector Nonfarm business sector Output 1 Business sector Nonfarm business sector Hours of all persons 2 Business sector Compensation per hour 3 Nonfarm business sector Business sector Nonfarm business sector Real compensation per hour 4 Business sector Nonfarm business sector Unit labor costs Business sector Nonfarm business sector Implicit price deflator 5 Business sector Nonfarm business sector Indexes, 1992=100; quarterly data seasonally adjusted 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ I ................... II ................. III ................ IV ................ 2007: I ................... II ................. III ................ IV ................ 2008: I ................... II ................. III ................ IV ................ 2009: I ................... II r ................ III r* ............. 113.3 117.2 120.7 126.2 131.0 134.9 137.1 138.5 141.0 143.6 138.5 138.7 138.0 138.7 139.0 140.2 142.1 142.6 142.7 143.8 143.9 144.2 144.3 146.7 149.7 113.0 116.8 120.2 125.7 130.3 134.0 136.2 137.5 140.1 142.6 137.5 137.7 137.0 137.8 138.2 139.2 141.1 141.8 141.7 142.8 142.8 143.1 143.2 145.6 148.5 135.7 141.9 143.0 145.8 150.3 156.5 161.8 166.8 170.5 170.5 166.0 166.6 166.4 168.1 168.4 169.8 171.4 172.3 171.7 172.2 170.6 167.4 163.6 163.2 164.5 136.1 142.2 143.4 146.2 150.6 156.8 162.0 167.1 171.0 170.7 166.4 166.8 166.7 168.4 168.8 170.3 172.0 172.8 172.0 172.6 170.8 167.5 163.7 163.2 164.4 119.8 121.0 118.4 115.6 114.7 116.1 118.0 120.4 120.9 118.7 119.8 120.1 120.6 121.2 121.2 121.2 120.6 120.8 120.3 119.8 118.6 116.1 113.4 111.3 109.9 120.5 121.7 119.3 116.3 115.5 117.0 118.9 121.5 122.1 119.7 121.0 121.1 121.7 122.2 122.1 122.4 121.9 121.9 121.4 120.8 119.6 117.0 114.3 112.1 110.7 125.4 134.6 140.9 145.3 152.3 157.6 163.8 170.1 177.3 182.1 168.4 169.1 169.7 173.3 175.2 176.5 177.8 179.6 180.3 181.0 183.0 184.2 182.0 184.9 187.6 124.8 134.1 140.1 144.5 151.4 156.6 162.8 169.0 176.0 181.0 167.1 168.0 168.6 172.3 174.2 175.1 176.3 178.5 179.2 179.8 181.8 183.1 180.9 183.9 186.4 107.8 111.9 114.0 115.6 118.6 119.5 120.2 120.8 122.4 121.1 120.8 120.3 119.7 122.5 122.7 122.4 122.6 122.1 121.2 120.4 119.9 123.3 122.6 124.1 124.8 107.3 111.5 113.3 115.0 117.9 118.7 119.4 120.0 121.6 120.4 119.9 119.6 118.9 121.8 122.1 121.4 121.5 121.3 120.5 119.6 119.1 122.6 121.9 123.5 124.0 110.7 114.8 116.7 115.1 116.2 116.9 119.5 122.8 125.7 126.8 121.6 121.9 123.0 124.9 126.0 125.9 125.1 125.9 126.3 125.9 127.2 127.7 126.1 126.1 125.3 110.5 114.8 116.5 115.0 116.2 116.8 119.5 122.9 125.7 126.9 121.5 122.0 123.0 125.0 126.0 125.8 125.0 125.9 126.4 125.9 127.3 128.0 126.3 126.3 125.5 110.6 112.6 114.6 115.5 117.1 120.2 124.1 127.7 131.0 133.0 126.4 127.4 128.3 128.7 130.0 130.9 131.4 131.9 132.1 132.5 134.0 133.6 134.3 134.2 134.3 111.0 113.2 115.1 116.1 117.6 120.4 124.7 128.5 131.5 133.5 127.1 128.3 129.1 129.3 130.5 131.4 131.7 132.2 132.3 132.9 134.4 134.3 135.2 135.1 135.3 0.9 3.9 1.5 ¥1.3 1.1 .5 2.3 2.8 2.3 1.0 ¥.8 3.6 2.7 2.6 2.6 1.5 3.4 6.5 3.5 ¥.7 ¥2.7 3.0 1.7 ¥1.8 4.6 2.0 ¥5.0 .0 ¥2.5 0.8 1.8 1.8 .8 1.4 2.6 3.2 2.9 2.6 1.5 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 .2 1.0 1.9 1.7 .9 1.3 2.4 3.5 3.0 2.3 1.5 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 .5 Percent change; quarterly data at seasonally adjusted annual rates 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2005: 2006: 2007: 2008: hsrobinson on DSK69SOYB1PROD with HEARING 2009: ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ I ................... II ................. III ................ IV ................ I ................... II ................. III ................ IV ................ I ................... II ................. III ................ IV ................ I ................... II ................. III ................ IV ................ I ................... II r ................ III r* ............. 3.5 3.5 3.0 4.5 3.8 2.9 1.7 1.0 1.8 1.9 3.2 ¥1.3 3.3 .0 2.8 .6 ¥2.2 2.1 .9 3.5 5.5 1.6 .2 3.1 .3 .8 .2 6.8 8.5 3.3 3.4 2.9 4.6 3.7 2.8 1.7 .9 1.8 1.8 3.9 ¥.6 2.9 ¥.4 2.8 .6 ¥1.9 2.4 1.2 2.8 5.5 2.0 ¥.1 3.1 ¥.1 .8 .3 6.9 8.1 5.6 4.5 .8 2.0 3.1 4.2 3.4 3.1 2.2 .0 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 3.1 5.6 4.4 .9 1.9 3.0 4.1 3.4 3.1 2.3 ¥.1 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 2.9 2.0 1.0 ¥2.1 ¥2.4 ¥.7 1.2 1.6 2.1 .4 ¥1.9 1.3 3.1 .4 2.2 3.6 .8 1.9 1.9 ¥.1 .0 ¥1.7 .5 ¥1.5 ¥1.9 ¥4.0 ¥8.0 ¥8.9 ¥7.4 ¥5.0 2.2 1.0 ¥2.0 ¥2.5 ¥.6 1.3 1.7 2.2 .5 ¥1.9 .9 2.2 .8 2.8 3.9 .4 1.9 1.8 ¥.3 .9 ¥1.5 ¥.2 ¥1.6 ¥1.7 ¥3.9 ¥8.3 ¥9.0 ¥7.5 ¥4.8 1 Output refers to real gross domestic product originating in the sector. 2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on establishment data. 3 Wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans. Also includes an estimate of wages, salaries, and supplemental payments for the self-employed. 4 Hourly compensation divided by the consumer price index for all urban consumers (CPI– U) for recent quarters. The trend from 1978–2008 is based on the consumer price index research series (CPI–U–RS). 5 Current dollar gross domestic output divided by the output index. 4.5 7.4 4.7 3.1 4.8 3.5 4.0 3.8 4.2 2.7 2.7 2.0 6.0 2.8 5.8 1.6 1.4 8.8 4.4 3.1 3.0 4.3 1.5 1.6 4.5 2.6 ¥4.7 6.7 5.8 4.3 7.4 4.5 3.2 4.8 3.4 4.0 3.8 4.2 2.8 3.1 3.0 5.7 2.2 5.5 2.1 1.4 9.1 4.7 2.0 2.7 5.0 1.7 1.3 4.5 2.9 ¥4.7 6.9 5.4 2.4 3.9 1.8 1.5 2.5 .8 .6 .5 1.3 ¥1.1 .7 ¥.5 .0 ¥1.7 3.7 ¥1.6 ¥2.3 9.9 .6 ¥1.1 .6 ¥1.4 ¥3.0 ¥2.8 ¥1.6 12.0 ¥2.4 5.3 2.1 2.2 4.0 1.6 1.5 2.5 .7 .6 .5 1.3 ¥1.0 1.1 .4 ¥.3 ¥2.2 3.5 ¥1.1 ¥2.3 10.2 .8 ¥2.1 .3 ¥.7 ¥2.8 ¥3.0 ¥1.6 12.3 ¥2.4 5.5 1.8 0.9 3.7 1.7 ¥1.3 .9 .6 2.2 2.8 2.4 .8 ¥.5 3.4 2.6 2.7 2.9 1.0 3.8 6.5 3.5 ¥.4 ¥2.4 2.6 1.3 ¥1.5 4.2 1.8 ¥4.9 ¥.2 ¥2.4 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 November 24, 2009. Source: Department of Labor, Bureau of Labor Statistics. 16 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00016 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.016 ECOIND PRODUCTION AND BUSINESS ACTIVITY INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production and capacity utilization rose in October. [Monthly data seasonally adjusted] Percent Period hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2008: ....................... ....................... ....................... ....................... ....................... ....................... ....................... ....................... ....................... ....................... Oct .............. Nov ............. Dec ............. 2009: Jan ............. Feb ............. Mar ............. Apr ............. May r ........... June r .......... July r ........... Aug r ............ Sept r ........... Oct p ............ Index, 2002=100 99.5 103.7 100.1 100.0 101.3 103.8 107.2 109.7 111.3 108.8 106.2 104.8 102.4 100.1 99.3 97.7 97.2 96.2 95.8 96.7 97.9 98.6 98.6 From preceding month .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. 1.3 ¥1.3 ¥2.3 ¥2.2 ¥.8 ¥1.6 ¥.5 ¥1.1 ¥.4 .9 1.3 .6 .1 Industry production indexes, 2002=100 change 2 From year earlier 4.3 4.2 ¥3.4 ¥.1 1.3 2.5 3.3 2.3 1.5 ¥2.2 ¥4.7 ¥6.5 ¥8.9 ¥10.9 ¥11.3 ¥12.5 ¥12.4 ¥13.1 ¥13.3 ¥12.4 ¥10.3 ¥6.0 ¥7.1 Capacity utilization rate (output as percent of capacity) 1 Manufacturing Total 1 Durable 99.9 104.4 100.1 100.0 101.3 104.3 108.5 111.2 112.7 109.1 106.0 103.6 100.6 97.8 97.7 96.1 95.7 94.8 94.5 95.6 97.0 97.7 97.6 1 Total industry and total manufacturing series include manufacturing as defined in the North American Industry Classification System (NAICS) plus those industries—logging and newspaper, periodical, book and directory-publishing—that have traditionally been included in manufacturing. 2 Percent changes based on unrounded indexes. Nondurable 97.8 105.2 100.4 100.0 102.7 107.0 112.8 117.8 120.2 116.3 110.8 108.2 105.3 99.9 98.7 96.4 95.7 93.7 93.0 95.8 97.1 98.2 97.8 101.7 102.2 98.9 100.0 100.1 102.0 104.8 105.7 106.7 103.6 102.7 100.3 97.0 96.7 97.7 96.9 97.0 97.1 97.1 96.9 98.3 99.0 99.1 Other (nonNAICS) 1 Mining 110.9 112.6 105.7 100.0 97.1 97.9 97.6 96.6 95.3 89.9 86.9 86.4 84.6 81.4 80.4 76.1 75.1 74.4 74.4 73.6 74.2 72.9 72.0 Utilities Total industry 101.6 104.2 104.8 100.0 100.2 99.6 98.3 101.5 102.1 104.2 103.5 105.4 103.4 102.8 101.3 98.7 96.1 95.1 93.8 95.0 96.1 96.7 96.4 94.7 97.4 97.0 100.0 101.9 103.3 105.4 104.8 108.3 108.6 107.1 109.1 111.3 111.5 106.4 106.1 106.4 104.3 103.8 102.6 103.4 103.2 104.9 81.9 81.7 76.1 74.6 75.8 77.9 80.1 80.9 80.6 77.6 75.4 74.4 72.7 71.1 70.6 69.5 69.2 68.5 68.3 69.0 70.0 70.5 70.7 Total manufacturing 80.7 80.1 73.8 72.7 73.7 76.2 78.6 79.4 79.0 75.1 72.7 71.1 69.0 67.1 67.1 66.0 65.8 65.3 65.1 66.0 67.0 67.6 67.6 NOTE.—Data based on the North American Industry Classification System (NAICS) except series as defined in footnote 1. Source: Board of Governors of the Federal Reserve System. 17 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00017 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.017 ECOIND G:\graphics\eecoind.017 Total industrial production 1 INDUSTRIAL PRODUCTION—MAJOR MARKET GROUPS AND SELECTED MANUFACTURES [2002=100; monthly data seasonally adjusted] Products and nonindustrial supplies Materials Final products Nonindustrial supplies Consumer goods Equipment Durable goods Business equipment Period Total Total 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Nondurable goods Total 1 Defense and space equipment Total Construction supplies Business supplies Total 1 Energy ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ 99.6 102.8 100.8 100.0 101.3 103.4 107.6 110.3 111.9 109.7 97.1 99.1 98.1 100.0 101.4 102.7 105.4 105.8 106.8 104.0 96.0 99.0 94.7 100.0 103.4 104.9 105.4 104.3 104.7 94.4 97.6 99.2 99.4 100.0 100.6 101.8 105.3 106.2 107.4 106.9 106.0 111.9 107.7 100.0 101.0 105.5 113.5 122.5 125.8 125.4 106.4 114.7 108.0 100.0 100.0 105.3 112.6 123.2 126.4 125.0 102.2 91.3 100.0 100.0 106.7 104.7 115.8 113.4 117.6 120.6 101.2 105.2 100.7 100.0 101.1 103.3 107.1 108.7 108.9 104.6 102.7 105.0 100.1 100.0 99.7 102.0 106.6 109.0 106.9 100.1 100.6 105.2 101.0 100.0 101.7 103.8 107.3 108.5 109.9 106.7 98.7 104.0 99.1 100.0 101.3 104.5 107.0 109.5 111.7 109.6 99.9 101.5 100.3 100.0 100.0 99.6 98.4 100.0 101.8 103.6 2008: Oct .................................................. Nov .................................................. Dec .................................................. 107.0 106.7 106.1 103.0 102.0 100.6 89.5 86.4 82.6 107.0 106.7 106.0 117.6 119.5 121.6 114.8 117.6 120.8 120.4 120.0 119.9 102.2 99.8 96.5 97.8 93.6 89.1 104.3 102.8 100.1 106.9 104.7 101.0 102.3 104.3 104.2 2009: Jan .................................................. Feb .................................................. Mar ................................................. Apr .................................................. May r ................................................ June r ............................................... July r ................................................ Aug r ................................................ Sept r ................................................ Oct p ................................................. 103.4 102.7 101.6 100.7 99.5 99.0 99.8 101.3 102.2 102.2 98.6 98.7 98.3 97.9 96.9 96.4 97.1 98.7 100.0 100.0 74.6 76.1 76.1 76.2 74.1 73.1 78.3 80.4 83.4 82.3 105.9 105.5 105.0 104.4 103.8 103.5 102.8 104.1 104.9 105.2 116.7 113.6 110.3 108.2 106.2 105.7 106.7 107.8 107.9 107.8 115.7 113.6 110.6 108.5 106.2 105.8 106.5 107.7 107.3 107.0 120.5 118.4 119.2 119.0 119.7 119.8 122.0 123.5 125.0 124.7 94.7 93.2 91.4 91.1 90.5 90.6 90.5 91.0 90.7 90.4 85.8 84.6 82.7 82.0 82.1 82.1 82.5 83.1 82.2 81.2 98.9 97.3 95.6 95.5 94.5 94.6 94.3 94.8 94.7 94.8 99.0 98.5 96.5 96.2 95.2 94.7 96.1 97.5 98.1 98.4 103.6 102.2 101.3 100.1 99.0 98.0 98.2 99.6 99.7 100.5 1 Includes other items, not shown separately. [2002=100; monthly data seasonally adjusted] Durable manufactures Primary metals Period Total hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 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 ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ 115.1 111.4 99.5 100.0 99.1 110.0 108.0 112.6 110.0 102.4 111.9 110.8 96.8 100.0 101.2 118.2 110.1 119.3 115.8 105.2 106.4 110.7 102.6 100.0 98.7 98.9 103.4 109.0 112.1 110.1 112.0 117.7 104.2 100.0 99.7 103.7 110.2 115.5 116.4 109.4 77.2 101.4 103.3 100.0 114.3 129.9 144.5 163.8 176.7 192.9 70.0 98.3 101.3 100.0 120.5 137.9 158.8 189.1 213.7 238.0 104.6 99.7 96.2 100.0 101.0 100.7 104.5 104.2 106.1 96.1 100.5 99.9 91.4 100.0 103.5 103.7 103.9 100.2 97.4 83.3 155.6 148.0 126.9 100.0 92.8 79.8 76.9 75.3 76.5 72.6 112.4 113.1 106.3 100.0 96.2 96.9 99.2 99.8 100.6 93.9 93.6 95.0 93.4 100.0 101.3 105.6 109.3 112.7 114.1 108.8 96.0 97.7 97.7 100.0 101.0 101.1 104.2 105.4 109.5 111.1 2008: Oct .................................................. Nov .................................................. Dec .................................................. 93.2 81.4 71.9 88.5 68.3 53.3 107.3 106.0 102.4 106.1 104.0 99.7 188.4 180.7 176.2 228.4 214.3 204.9 85.1 86.5 88.3 76.9 74.2 69.2 71.4 69.6 67.7 91.9 90.6 87.4 106.7 103.2 98.7 111.8 111.7 108.6 2009: Jan .................................................. Feb .................................................. Mar ................................................. Apr .................................................. May r ................................................ June r ............................................... July r ................................................ Aug r ................................................ Sept r ................................................ Oct p ................................................. 67.3 64.5 60.7 60.3 59.2 61.1 67.4 71.3 73.1 75.7 48.4 49.0 44.8 43.5 45.9 53.0 64.4 69.9 73.8 80.9 98.2 95.6 91.3 89.4 87.5 87.2 86.9 87.4 87.8 87.7 96.2 94.0 88.7 86.6 83.9 82.1 82.2 83.7 82.3 82.5 174.9 171.6 171.4 172.5 170.3 169.5 172.4 172.9 173.4 172.9 204.2 199.5 200.4 203.6 199.0 199.4 203.7 203.1 203.4 204.6 75.3 77.7 78.0 77.3 74.0 72.7 79.6 82.0 86.1 85.1 51.2 55.8 56.7 56.6 52.4 50.3 60.2 63.9 69.1 68.0 65.5 64.5 64.7 63.1 63.6 59.6 60.8 61.4 61.6 61.0 85.3 82.7 81.6 80.1 79.6 80.2 79.9 80.2 79.3 78.8 99.8 101.6 101.3 102.7 102.4 103.0 103.2 104.3 105.5 105.8 108.3 109.5 109.0 109.8 110.9 110.4 109.3 111.8 111.7 112.0 1 Computers and peripheral equipment, communications equipment, and semiconductors and related electronic components. Source: Board of Governors of the Federal Reserve System. 18 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 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 .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... .................................... 744.6 802.8 840.2 847.9 891.5 991.6 1,102.7 1,167.6 1,150.7 1,072.1 575.5 621.4 638.3 634.4 675.4 771.4 868.5 912.2 861.6 766.2 326.3 346.1 364.4 396.7 446.0 532.9 611.9 613.7 493.2 350.1 251.3 265.0 279.4 298.8 345.7 417.5 480.8 468.8 354.1 229.9 249.2 275.3 273.9 237.7 229.3 238.5 256.6 298.4 368.4 416.1 16.0 16.3 14.5 10.5 9.9 12.0 12.7 17.6 27.5 35.4 45.1 52.4 49.7 35.3 30.6 32.9 37.3 45.7 53.8 57.1 59.4 64.1 63.6 59.0 57.5 63.2 66.6 73.4 85.9 81.5 35.1 37.6 37.8 22.7 21.4 23.7 29.9 35.1 45.3 60.8 93.7 104.9 108.2 110.2 109.9 106.8 110.2 126.7 155.9 181.4 169.1 181.3 201.9 213.4 216.1 220.2 234.2 255.4 289.1 306.0 2008: Oct ........................... Nov .......................... Dec .......................... 1,064.1 1,037.3 1,002.1 754.1 726.8 696.6 327.7 310.5 292.3 204.7 192.1 176.2 426.3 416.4 404.3 36.6 35.7 31.8 56.5 55.8 51.6 76.5 73.5 71.0 71.0 70.6 70.2 185.8 180.7 179.7 310.0 310.5 305.6 2009: Jan .......................... Feb .......................... Mar .......................... Apr .......................... May ......................... June ........................ July ......................... Aug r ......................... Sept r ........................ Oct p ......................... 974.3 970.4 966.7 971.4 958.3 945.1 934.2 925.5 910.4 910.8 673.8 660.9 650.4 654.1 639.8 619.5 608.4 605.2 587.2 589.0 278.8 260.8 248.9 252.7 241.4 237.0 237.3 244.7 239.7 250.3 162.6 147.9 139.2 130.7 123.4 125.4 131.0 133.4 134.8 136.3 395.1 400.1 401.5 401.5 398.4 382.6 371.2 360.5 347.5 338.6 29.2 29.1 31.2 30.2 28.4 27.4 24.3 23.2 21.4 20.2 49.0 48.4 48.1 43.7 44.1 42.1 40.0 39.3 36.5 35.6 66.7 66.5 65.0 62.1 58.8 53.5 51.8 48.8 47.6 45.9 77.3 81.3 82.0 84.1 85.4 78.6 77.6 72.6 68.3 66.7 172.9 174.7 175.3 181.3 181.8 180.9 177.4 176.6 173.6 170.2 300.4 309.5 316.3 317.2 318.5 325.6 325.8 320.4 323.2 321.8 1 Includes residential improvements, not shown separately. 2 Includes health care, educational, communication, and power, among other categories not shown separately. Source: Department of Commerce, Bureau of the Census. NEW PRIVATE HOUSING AND VACANCY RATES [Thousands of units or houses, except as noted] New private housing units Period Total 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... New private houses Units started, by type of structure 1,640.9 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 2–4 units 1 1 unit 1,302.4 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 5 units or more 31.9 38.7 36.6 38.5 33.5 42.3 41.1 42.7 31.7 17.5 306.6 299.1 292.8 307.9 315.2 303.0 311.4 292.8 277.3 266.0 Units authorized 1,663.5 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 Units completed Houses sold Houses for sale at end of period 2 Vacancy rate for rental housing units (percent) 3 1,604.9 1,573.7 1,570.8 1,648.4 1,678.7 1,841.9 1,931.4 1,979.4 1,502.8 1,119.7 880 877 908 973 1,086 1,203 1,283 1,051 776 485 308 298 308 339 370 422 511 536 497 350 8.1 8.0 8.4 8.9 9.8 10.2 9.8 9.7 9.8 10.0 Seasonally adjusted annual rates 2008: Oct ............................. Nov ............................ Dec ............................ 763 655 556 534 457 393 10 18 9 219 180 154 729 630 564 1,055 1,084 1,028 409 390 374 380 370 350 ...................... ...................... 10.1 2009: Jan ............................ Feb ............................ Mar ............................ Apr ............................ May ........................... June .......................... July ........................... Aug r ........................... Sept r .......................... Oct p ........................... 488 574 521 479 551 590 593 581 592 529 357 357 361 388 409 478 506 481 511 476 13 13 31 11 9 11 15 6 9 5 118 204 129 80 133 101 72 94 72 48 531 550 511 498 518 570 564 580 575 551 778 828 833 846 812 794 785 785 726 740 329 354 332 345 371 399 r 419 415 405 430 340 328 313 300 293 280 270 261 250 239 ...................... ...................... 10.1 ...................... ...................... 10.6 ...................... ...................... 11.1 ...................... 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. hsrobinson on DSK69SOYB1PROD with HEARING 2 Seasonally 3 Revised NOTE.—Beginning 2004, units authorized are for 20,000 permit-issuing places. For other data shown, units authorized are for 19,000 places. Beginning 1999, housing starts, completions, and sales are not directly comparable with earlier data due to new estimation methods. Source: Department of Commerce, Bureau of the Census. 19 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00019 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.019 ECOIND BUSINESS SALES AND INVENTORIES—Manufacturing and Trade In September, according to current estimates, manufacturing and trade sales fell 0.1 percent, while inventories fell $7.3 billion. According to advance estimates, retail sales rose 1.4 percent in October. Retail and food services sales also rose 1.4 percent. [Millions of dollars, except ratios; seasonally adjusted, except as noted] Manufacturing and trade 1 Sales 2 Inventories 3 .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. 786,634 834,325 818,615 823,714 853,596 923,319 1,000,368 1,064,187 1,102,196 1,136,984 1,138,982 1,198,022 1,120,815 1,141,313 1,148,318 1,240,052 1,307,060 1,391,292 1,447,020 1,455,972 2008: Sept r .................................................. Oct r .................................................... Nov .................................................... Dec .................................................... 1,136,507 1,094,241 1,036,285 1,000,601 1,505,549 1,492,123 1,477,561 1,455,972 hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Inventorysales ratio 4 Sales 2 Inventories 3 1.40 1.41 1.43 1.36 1.34 1.30 1.27 1.28 1.28 1.31 216,597 234,546 232,096 236,294 246,857 274,710 297,915 323,396 345,871 375,059 290,318 309,462 297,927 301,891 307,642 337,983 362,451 392,291 416,632 429,572 1.32 1.36 1.43 1.46 377,364 362,539 337,615 325,672 444,618 438,249 434,986 429,572 Retail Inventory sales ratio 4 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 1.30 1.29 1.32 1.26 1.23 1.18 1.18 1.17 1.16 1.17 234,046 249,063 255,644 261,194 272,123 289,528 307,280 322,461 332,902 329,996 385,039 406,887 394,775 416,289 432,372 461,372 471,749 487,514 499,724 484,414 1.59 1.59 1.58 1.55 1.56 1.56 1.51 1.50 1.49 1.52 257,797 274,518 282,131 288,845 301,264 320,526 340,057 357,284 369,385 367,741 1.18 1.21 1.29 1.32 327,651 315,802 309,742 298,949 502,635 498,884 490,322 484,414 1.53 1.58 1.58 1.62 365,855 353,641 347,707 336,438 303,921 476,498 1.57 304,889 470,939 1.54 301,057 466,501 1.55 300,117 460,035 1.53 301,595 452,031 1.50 304,728 446,625 1.47 304,450 442,242 1.45 312,879 430,601 1.38 r 304,849 432,971 1.42 309,094 ................ ................ 342,017 343,438 339,228 338,344 339,873 342,912 342,489 350,800 r 342,783 347,483 4 Annual data are averages of seasonally adjusted monthly ratios. Source: Department of Commerce, Bureau of the Census. 20 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00020 Fmt 3401 Retail and food services sales 2 Inventories 3 2009: Jan .................................................... 998,018 1,438,263 1.46 317,731 425,915 1.34 Feb .................................................... 987,859 1,418,398 1.44 318,491 418,539 1.31 Mar .................................................... 969,853 1,400,255 1.44 310,723 411,092 1.32 Apr .................................................... 967,289 1,382,179 1.43 310,742 405,599 1.31 May .................................................... 967,070 1,365,341 1.41 312,050 400,795 1.28 June ................................................... 977,597 1,345,888 1.38 312,941 392,493 1.25 July ................................................... 980,110 1,330,746 1.36 314,709 386,330 1.23 Aug r ................................................... 991,093 1,309,220 1.32 318,069 381,146 1.20 r 990,011 Sept p .................................................. 1,301,922 1.32 320,189 377,722 1.18 Oct p ................................................... .................. .................. ................ ................ ................ ................ 1 See 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 October, manufacturers’ shipments, inventories and new orders rose; while unfilled orders fell. Manufacturers’ shipments 1 Manufacturers’ inventories 2 Manufacturers’ new orders 1 Durable goods Period Total Durable goods Nondurable goods Durable goods Total Nondurable goods Total Total Capital goods industries, nondefense Manufacturers’ unfilled orders 2 Manufacturers’ inventory— shipments ratio 3 Millions of dollars, seasonally adjusted, except as noted 335,991 350,715 330,875 326,227 334,616 359,081 395,173 418,330 423,423 431,929 415,900 388,928 375,980 366,366 364,479 358,073 356,430 353,425 359,928 360,951 360,145 364,973 368,037 193,895 197,807 181,201 176,968 178,549 188,722 202,070 213,408 213,572 207,801 201,119 192,772 189,910 179,433 177,831 174,417 173,180 168,483 169,836 173,744 171,341 174,130 174,143 142,096 152,908 149,674 149,259 156,067 170,359 193,103 204,923 209,851 224,128 214,781 196,156 186,070 186,933 186,648 183,656 183,250 184,942 190,092 187,207 188,804 190,843 193,894 463,625 481,673 428,113 423,133 408,304 440,697 472,860 511,487 530,664 541,986 554,990 552,253 541,986 535,850 528,920 522,662 516,545 512,515 506,770 502,174 497,473 491,229 492,989 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. 296,553 306,727 267,829 260,582 246,963 265,070 283,598 309,914 320,757 343,468 341,168 342,259 343,468 339,735 335,164 329,460 325,404 321,576 316,667 312,884 308,133 304,122 303,839 167,072 174,946 160,284 162,551 161,341 175,627 189,262 201,573 209,907 198,518 213,822 209,994 198,518 196,115 193,756 193,202 191,141 190,939 190,103 189,290 189,340 187,107 189,150 329,770 346,789 322,746 316,809 330,369 354,619 395,401 419,793 427,597 429,343 403,315 377,203 358,811 346,120 348,460 341,935 343,760 347,616 350,913 355,719 352,770 358,430 360,521 187,674 193,881 173,072 167,550 174,302 184,261 202,298 214,871 217,746 205,216 188,534 181,047 172,741 159,187 161,812 158,279 160,510 162,674 160,821 168,512 163,966 167,587 166,627 64,392 69,278 58,246 51,817 52,894 56,094 65,770 71,725 74,288 69,132 63,487 60,140 53,964 48,637 50,931 50,424 48,648 53,099 53,014 56,725 52,286 54,062 54,439 505,498 549,445 514,349 462,122 477,608 496,343 572,835 660,406 773,297 800,360 820,672 812,879 800,360 783,955 770,939 757,692 749,081 746,744 740,685 739,922 736,634 733,747 730,827 1.35 1.35 1.38 1.28 1.24 1.19 1.17 1.19 1.23 1.28 1.33 1.42 1.44 1.46 1.45 1.46 1.45 1.45 1.41 1.39 1.38 1.35 1.34 Total and durable shipments and inventories include data on semiconductors; new and unfilled orders do not. Source: Department of Commerce, Bureau of the Census. 21 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00021 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.021 ECOIND g:\graphics\eecoind.021 hsrobinson on DSK69SOYB1PROD with HEARING 1999 .................................................... 2000 .................................................... 2001 .................................................... 2002 .................................................... 2003 .................................................... 2004 .................................................... 2005 .................................................... 2006 .................................................... 2007 ..................................................... 2008 ..................................................... 2008: Oct ........................................... Nov .......................................... Dec ........................................... 2009: Jan ........................................... Feb ........................................... Mar .......................................... Apr ........................................... May .......................................... June ......................................... July .......................................... Aug .......................................... Sept r ........................................ Oct p .......................................... PRICES PRODUCER PRICES The producer price index for all finished goods rose 0.3 percent in October. Prices of finished consumer foods rose 1.6 percent, while prices of other finished consumer goods rose 0.3 percent. Capital equipment prices fell 0.7 percent. [1982=100; monthly data seasonally adjusted] Finished goods Finished goods excluding consumer foods Total finished goods Consumer foods Total 133.0 138.0 140.7 138.9 143.3 148.5 155.7 160.4 166.6 177.1 177.6 172.8 169.7 171.2 171.1 169.5 170.2 170.5 173.4 171.7 174.7 173.7 174.2 135.1 137.2 141.3 140.1 145.9 152.7 155.7 156.7 167.0 178.3 181.3 180.4 178.2 178.4 175.6 174.2 176.9 174.2 176.2 173.4 174.1 173.9 176.7 132.3 138.1 140.4 138.3 142.4 147.2 155.5 161.0 166.2 176.6 176.2 170.4 167.1 168.9 169.4 167.7 168.0 168.9 172.0 170.5 174.0 172.9 172.9 Consumer goods hsrobinson on DSK69SOYB1PROD with HEARING Total 1999 .......................... 2000 ........................... 2001 ........................... 2002 .......................... 2003 .......................... 2004 .......................... 2005 .......................... 2006 .......................... 2007 .......................... 2008 .......................... 2008: Oct ................. Nov ................ Dec ................ 2009: Jan ................ Feb ................. Mar ................ Apr ................. May ............... June r ............. July ............... Aug ................ Sept ............... Oct ................. 1 Intermediate 130.5 138.4 141.4 138.8 144.7 150.9 161.9 169.2 175.6 189.1 187.2 178.4 173.0 175.7 176.4 174.0 174.4 175.9 180.3 178.2 183.4 181.7 182.2 Durable Nondurable 133.0 133.9 134.0 133.0 133.1 135.0 136.6 136.9 138.3 141.2 143.3 143.0 143.6 143.5 143.9 143.9 144.4 144.5 145.7 144.9 145.4 145.1 143.3 materials for food manufacturing and feeds. 127.9 138.7 142.8 139.8 148.4 156.6 172.0 182.6 191.7 210.5 205.9 192.8 184.3 188.4 189.3 185.6 185.9 188.2 194.2 191.4 198.9 196.5 198.3 Capital equipment 137.6 138.8 139.7 139.1 139.5 141.4 144.6 146.9 149.5 153.8 156.3 156.3 156.9 157.1 157.1 157.0 157.1 156.8 157.5 157.2 157.6 157.5 156.4 Total finished consumer goods Total Foods and feeds 1 Other Total Foodstuffs and feedstuffs Other 132.0 138.2 141.5 139.4 145.3 151.7 160.4 166.0 173.5 186.3 185.9 179.4 174.9 177.0 176.9 174.7 175.7 176.1 179.9 177.6 181.7 180.4 181.5 123.2 129.2 129.7 127.8 133.7 142.6 154.0 164.0 170.7 188.3 188.9 179.9 172.6 172.2 170.9 168.4 168.5 169.5 171.3 170.8 173.9 174.2 174.8 111.1 111.7 115.9 115.5 125.9 137.1 133.8 135.2 154.4 181.6 180.0 175.3 168.7 166.2 164.8 163.5 164.5 166.7 168.6 165.5 166.0 165.1 164.8 123.9 130.1 130.5 128.5 134.2 143.0 155.1 165.4 171.5 188.7 189.4 180.2 172.9 172.7 171.3 168.8 168.8 169.7 171.5 171.2 174.5 175.0 175.7 98.2 120.6 121.0 108.1 135.3 159.0 182.2 184.8 207.1 251.8 212.3 184.5 174.2 171.5 161.0 160.3 164.0 169.8 177.7 170.7 177.2 173.4 182.8 98.7 100.2 106.1 99.5 113.5 127.0 122.7 119.3 146.7 163.4 148.2 146.2 138.0 139.2 134.6 132.3 137.6 138.1 137.5 129.3 128.3 125.8 132.4 94.3 130.4 126.8 111.4 148.2 179.2 223.4 230.6 246.3 313.9 254.7 203.9 192.5 186.3 171.2 172.0 173.9 184.2 199.7 194.4 207.6 202.9 214.0 Source: Department of Labor, Bureau of Labor Statistics. 22 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Crude materials Frm 00022 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.022 ECOIND G:\GRAPHICS\eecoind.022 Period Intermediate materials CONSUMER PRICES—ALL URBAN CONSUMERS In October, the consumer price index for all urban consumers rose 0.3 percent; it rose 0.1 percent not seasonally adjusted. The index was 0.2 percent below 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 ............... 1999 ....................... 2000 ....................... 2001 ....................... 2002 ....................... 2003 ....................... 2004 ....................... 2005 ....................... 2006 ....................... 2007 ....................... 2008 ....................... 100.0 166.6 172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.342 215.303 .............. 14.6 43.4 33.2 6.0 .............. 164.1 163.9 187.3 177.5 .............. 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 24.4 5.4 3.7 15.3 3.2 6.4 192.9 128.8 131.3 144.4 100.7 250.6 198.7 137.9 129.6 153.3 129.3 260.8 206.3 150.2 127.3 154.3 124.7 272.8 214.7 143.6 124.0 152.9 116.6 285.6 219.9 154.5 120.9 157.6 135.8 297.1 224.9 161.9 120.4 163.1 160.4 310.1 230.2 179.0 119.5 173.9 195.7 323.2 238.2 194.7 119.5 180.9 221.0 336.2 246.235 200.632 118.998 184.682 239.070 351.054 252.426 220.018 118.907 195.549 279.652 364.065 7.6 77.7 106.6 177.0 124.6 181.3 129.3 186.1 121.7 190.5 136.5 193.2 151.4 196.6 177.1 200.9 196.9 205.9 207.723 210.729 236.666 215.572 2008: Oct ............. Nov ............ Dec ............ 216.573 216.889 218.586 217.788 248.063 245.836 212.425 213.263 218.988 217.622 248.455 246.480 210.228 211.577 219.082 217.592 248.519 246.928 253.911 223.185 118.802 195.027 278.245 366.402 254.522 219.934 118.905 176.111 197.861 367.299 254.683 219.092 118.221 167.353 160.675 368.302 237.300 216.758 197.086 216.868 178.835 216.882 2009: Jan ............. Feb ............ Mar ............ Apr ............ May ............ June ........... July ........... Aug ............ Sept ........... Oct ............. 211.143 212.193 212.709 213.240 213.856 215.693 215.351 215.834 215.969 216.177 255.349 255.687 256.257 256.627 257.003 257.138 257.073 257.278 256.911 256.900 181.938 187.901 182.254 177.924 178.340 191.584 190.905 199.667 200.959 203.889 Period hsrobinson on DSK69SOYB1PROD with HEARING All items less food and energy Not seasonally adjusted (NSA) 212.174 213.007 212.714 212.671 212.876 214.459 214.469 215.428 215.791 216.385 Food Total 1 Total 1 219.193 218.970 218.651 218.254 217.738 217.838 217.291 217.478 217.257 217.377 217.646 217.621 217.335 217.180 217.056 216.984 216.612 216.726 216.770 216.964 248.938 248.881 248.899 249.334 249.680 249.861 249.410 249.658 249.655 249.678 Rent of primary residence 247.744 248.087 248.490 248.916 249.233 249.374 249.293 249.266 249.132 248.868 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 217.515 217.260 214.254 210.702 207.903 206.342 206.046 206.783 207.172 209.580 Apparel 118.523 120.039 119.744 119.537 119.345 120.183 120.865 120.756 120.931 120.505 Total 1 169.489 172.759 170.903 170.259 171.635 178.843 179.180 183.312 184.750 187.276 Motor fuel 169.176 182.030 173.947 169.373 173.872 203.703 202.924 220.836 223.273 226.932 Medical care 369.914 371.175 371.902 373.257 374.402 375.203 375.851 376.919 378.555 379.229 Energy 2 217.265 217.670 218.042 218.594 218.910 219.344 219.543 219.692 220.053 220.453 3 Relative importance, December 2008. Source: Department of Labor, Bureau of Labor Statistics. 23 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 Total finished goods Foods Excluding foods Capital equipment Total finished goods Foods Excluding foods Capital equipment 0.3 1.2 0 ¥.6 .8 2.4 1.2 2.3 1.4 4.3 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ Change from year earlier, total finished goods NSA Change, Dec. to Dec., NSA 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. 2.9 3.6 ¥1.6 1.2 4.0 4.2 5.4 1.1 6.2 ¥.9 0.8 1.7 1.8 ¥.6 7.7 3.1 1.7 1.7 7.6 3.2 5.1 5.5 ¥3.9 2.9 4.1 5.5 8.8 .4 7.7 ¥4.8 1.8 3.8 2.0 ¥1.3 3.2 3.6 4.8 3.0 3.9 6.3 Change, month to month 2008: Oct ....... Nov ....... Dec ....... ¥2.6 ¥2.7 ¥1.8 0.1 ¥.5 ¥1.2 ¥4.9 ¥4.7 ¥3.0 0.6 .0 .4 ¥12.1 ¥19.6 ¥24.9 1.1 ¥1.8 ¥6.5 ¥22.8 ¥33.2 ¥40.3 5.6 3.9 3.9 1.8 ¥6.4 ¥12.1 5.8 3.2 ¥1.8 ¥1.0 ¥14.0 ¥22.0 4.9 4.4 4.6 5.2 .4 ¥.9 2009: Jan ....... Feb ....... Mar ....... Apr ....... May ...... June r .... July ...... Aug ....... Sept ...... Oct ........ .9 ¥.1 ¥.9 .4 .2 1.7 r ¥1.0 1.7 ¥.6 .3 .1 ¥1.6 ¥.8 1.5 ¥1.5 1.1 r ¥1.6 .4 ¥.1 1.6 1.6 .4 ¥1.4 .2 .9 2.5 r ¥1.2 2.9 ¥.9 .3 .1 .0 ¥.1 .1 ¥.2 .4 ¥.2 .3 ¥.1 ¥.7 ¥13.7 ¥3.9 ¥.5 ¥2.3 ¥1.4 9.5 3.6 10.2 r.7 6.0 ¥6.2 ¥10.2 ¥8.7 ¥3.3 ¥3.2 4.7 ¥7.7 ¥.2 r¥5.1 7.8 ¥22.4 ¥4.4 2.3 ¥2.9 ¥1.1 15.3 9.0 18.2 r3.1 9.3 2.1 2.1 .3 .0 ¥.8 1.3 .3 2.1 .0 ¥2.0 ¥12.9 ¥12.1 ¥13.5 ¥8.2 ¥2.6 4.4 .6 4.3 5.0 4.8 ¥2.6 ¥6.1 ¥7.6 ¥4.8 ¥6.8 ¥2.2 ¥5.5 ¥1.7 ¥.3 ¥.2 ¥22.6 ¥20.1 ¥21.8 ¥13.2 ¥2.8 8.6 2.9 8.1 9.0 9.1 3.8 3.0 2.1 1.0 .6 .8 .1 .6 .6 ¥.9 ¥.9 ¥1.4 ¥3.4 ¥3.5 ¥4.8 ¥4.4 ¥6.8 ¥4.3 ¥4.8 ¥1.9 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 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... 2.7 3.4 1.6 2.4 1.9 3.3 3.4 2.5 4.1 .1 1.9 2.8 2.8 1.5 3.6 2.7 2.3 2.1 4.9 5.9 2.2 4.3 2.9 2.4 2.2 3.0 4.0 3.3 3.0 2.4 2.5 3.4 4.2 3.1 2.2 2.7 2.6 4.2 3.1 1.9 3.1 4.0 4.7 3.1 2.7 2.9 3.1 4.3 4.0 3.4 2.4 3.4 4.5 3.3 2.0 2.3 2.5 4.3 2.8 2.1 2.4 12.1 ¥2.1 1.4 6.5 7.9 15.6 .5 5.4 6.0 ¥.5 5.4 ¥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 ¥.8 .3 0 ¥2.0 ¥2.1 .5 .8 .2 ¥.4 ¥1.1 30.2 13.9 ¥24.8 24.6 6.8 26.1 16.2 6.4 29.5 ¥42.2 3.7 4.2 4.7 5.0 3.7 4.2 4.3 3.6 5.2 2.6 13.4 14.2 ¥13.0 10.7 6.9 16.6 17.1 2.9 17.4 ¥21.3 1.9 2.6 2.7 1.9 1.1 2.2 2.2 2.6 2.4 1.8 .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... 2.2 3.4 2.8 1.6 2.3 2.7 3.4 3.2 2.8 3.8 0.0 .......... ¥3.1 .1 .......... ¥9.4 .0 ¥8.3 ¥12.4 2.7 ¥1.6 ¥5.0 3.7 1.1 .1 ¥8.4 ¥.5 2.2 .9 ¥.2 3.3 3.4 4.9 2.5 3.6 ¥5.8 ¥5.0 ¥5.4 ¥3.9 ¥.4 2.7 2.2 2.3 2.9 3.5 .0 .2 ¥.4 ¥.7 ¥1.3 ¥1.4 ¥2.1 ¥1.5 ¥1.3 ¥.2 .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... hsrobinson on DSK69SOYB1PROD with HEARING Change, month to month 2008: Oct ................ Nov ............... Dec ............... ¥0.8 ¥1.7 ¥.8 0.4 .2 .0 0.0 ¥.1 .0 0.1 .2 .0 0.3 .3 .2 0.1 .2 .1 ¥0.5 ¥1.5 ¥.4 ¥0.7 .1 ¥.6 ¥4.8 ¥9.7 ¥5.0 ¥0.6 ¥.4 ¥.4 ¥12.7 ¥28.9 ¥18.8 0.2 .2 .3 ¥7.8 ¥16.9 ¥9.3 2009: Jan ............... Feb ............... Mar ............... Apr ............... May ............... June .............. July .............. Aug ............... Sept .............. Oct ................ .3 .4 ¥.1 .0 .1 .7 .0 .4 .2 .3 .1 ¥.1 ¥.1 ¥.2 ¥.2 .0 ¥.3 .1 ¥.1 .1 .0 .0 ¥.1 ¥.1 ¥.1 .0 ¥.2 .1 .0 .1 .2 .0 .0 .2 .1 .1 ¥.2 .1 .0 .0 .3 .1 .2 .2 .1 .1 .0 .0 ¥.1 ¥.1 .3 .1 .2 .1 .1 .1 .0 .1 ¥.1 .0 ¥.7 ¥.1 ¥1.4 ¥1.7 ¥1.3 ¥.8 ¥.1 .4 .2 1.2 .3 1.3 ¥.2 ¥.2 ¥.2 .7 .6 ¥.1 .1 ¥.4 1.3 1.9 ¥1.1 ¥.4 .8 4.2 .2 2.3 .8 1.4 .2 .5 .3 .3 .3 .5 .6 ¥1.2 .1 1.6 5.3 7.6 ¥4.4 ¥2.6 2.7 17.2 ¥.4 8.8 1.1 1.6 .4 .3 .2 .4 .3 .2 .2 .3 .4 .2 1.7 3.3 ¥3.0 ¥2.4 .2 7.4 ¥.4 4.6 .6 1.5 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 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00024 Fmt 3401 .......... .......... ¥2.4 .......... .......... 1.3 .......... .......... 3.6 .......... 3 Quarterly changes are shown in the last month of the quarter. Source: Department of Labor, Bureau of Labor Statistics. 24 VerDate Nov 24 2008 .2 .2 .2 .3 .1 .2 .1 .1 .2 .2 Sfmt 3401 E:\HR\OC\ECOIND.024 ECOIND PRICES RECEIVED AND PAID BY FARMERS In November, prices paid and received by farmers were unchanged. (Data are not seasonally adjusted.) [1990–92=100; not seasonally adjusted] Prices received by farmers hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 All farm products Livestock and products Crops Production items, interest, taxes, and wage rates Production items Ratio 2 ............................... .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. 96 96 102 98 106 118 114 115 136 149 97 96 99 105 110 115 110 120 142 169 95 97 106 90 103 122 119 111 130 130 115 119 123 124 128 134 142 150 160 182 113 117 121 121 125 133 142 150 161 187 111 115 120 119 124 132 140 148 160 188 83 81 83 79 84 88 81 77 85 82 2008: Nov .................... Dec .................... 142 135 158 150 123 119 182 178 187 182 189 183 78 76 2009: Jan .................... Feb .................... Mar .................... Apr .................... May .................... June ................... July .................... Aug .................... Sept ................... Oct r .................... Nov p ................... 139 126 126 129 130 135 132 127 126 134 134 161 146 147 151 150 161 152 147 143 152 151 114 109 109 112 113 112 112 109 108 110 114 178 177 178 178 178 178 177 176 175 176 176 182 181 182 182 182 182 180 179 178 179 179 181 179 180 181 181 r 181 179 178 177 177 177 78 71 71 72 73 76 75 72 72 76 76 1 Includes items not shown separately. 2 Percentage ratio of index of prices received by farmers to index of prices paid, interest, taxes, and wage rates. NOTE.—The official indexes are published on a 1910–14 base as required by law. The indexes have been converted to a 1990–92=100 base to facilitate comparison with other indexes. Source: Department of Agriculture. 25 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00025 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.025 ECOIND G:\GRAPHICS\eecoind.025 Period Prices paid by farmers All commodities, services, interest, taxes, and wage rates 1 MONEY, CREDIT, AND SECURITY MARKETS MONEY STOCK AND DEBT MEASURES In October, 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 ........................................................................................ ........................................................................................ ........................................................................................ ........................................................................................ ........................................................................................ ........................................................................................ ........................................................................................ ........................................................................................ ........................................................................................ ........................................................................................ 1,122.6 1,087.7 1,182.3 1,220.4 1,306.8 1,376.4 1,374.2 1,365.6 1,373.0 1,595.2 4,635.0 4,917.2 5,431.2 5,784.7 6,071.6 6,412.2 6,674.1 7,035.3 7,438.8 8,155.9 17,291.6 18,167.3 19,302.3 20,715.6 22,418.9 24,430.7 26,759.5 29,156.0 31,701.6 33,589.8 2.4 ¥3.1 8.7 3.2 7.1 5.3 ¥.2 ¥.6 .5 16.2 5.9 6.1 10.5 6.5 5.0 5.6 4.1 5.4 5.7 9.6 6.4 5.0 6.3 7.3 8.1 8.9 9.5 9.0 8.7 6.0 2008: Oct ......................................................................................... Nov ........................................................................................ Dec ........................................................................................ 1,474.7 1,523.2 1,595.2 7,929.2 7,982.1 8,155.9 ............................ ............................ 33,589.8 13.1 20.1 28.9 7.3 8.1 12.3 ...................... ...................... 6.4 2009: Jan ........................................................................................ Feb ........................................................................................ Mar ........................................................................................ Apr ........................................................................................ May ........................................................................................ June r ..................................................................................... July r ...................................................................................... Aug r ....................................................................................... Sept r ...................................................................................... Oct ......................................................................................... 1,576.5 1,559.7 1,563.3 1,592.8 1,595.5 1,647.8 1,653.6 1,649.8 1,659.9 1,673.9 8,235.9 8,258.7 8,325.4 8,272.2 8,342.6 8,374.3 8,356.7 8,305.4 8,333.1 8,360.1 ............................ ............................ 33,942.2 ............................ ............................ 34,353.8 ............................ ............................ ............................ ............................ 23.7 24.1 15.4 16.0 9.5 6.6 9.8 11.6 12.4 10.2 13.2 14.5 13.2 8.7 9.0 5.4 2.9 1.1 .2 2.1 ...................... ...................... 4.1 ...................... ...................... 4.9 ...................... ...................... ...................... ...................... hsrobinson on DSK69SOYB1PROD with HEARING 1999: 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec 1 Quarterly data; shown in last month of quarter. End-of-year data are for fourth quarter. Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors; data from flow of funds accounts. 2 Annual changes are from December to December and monthly changes are from 6 months earlier at a simple annual rate. 3 Annual changes are from fourth quarter to fourth quarter. Quarterly changes are from previous quarter at an annual rate. Debt of domestic nonfinancial sectors 1 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00026 Fmt 3401 M1 M2 From previous period 3 Debt NOTE.—The Federal Reserve previously announced that the M3 monetary aggregate and most of its components would no longer be published. Institutional money market mutual funds will continue to be published as a memorandum item in the H.6 release, and the component on large-denomination time deposits will be published in other Federal Reserve Board releases. For details, see H.6 release of March 23, 2006. See p. 27 for components. Source: Board of Governors of the Federal Reserve System. 26 VerDate Nov 24 2008 Percent change From year or 6 months earlier 2 Sfmt 3401 E:\HR\OC\ECOIND.026 ECOIND g:\graphics\eecoind.026 Period Debt COMPONENTS OF MONEY STOCK [Averages of daily figures; billions of dollars, seasonally adjusted] Period 1999: 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Currency Nonbank travelers checks Demand deposits Other checkable deposits (OCDs) Savings deposits 1 At commercial banks Total At commercial banks Total At thrift institutions Small-denomination time deposits 2 At thrift institutions Total At commercial banks At thrift institutions Retail money funds Institutional money funds 3 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... 517.8 531.2 581.1 626.3 662.5 697.5 723.6 748.3 757.6 812.1 8.6 8.3 8.0 7.8 7.7 7.5 7.2 6.7 6.3 5.5 353.0 309.9 335.7 306.8 326.4 343.2 324.6 304.8 301.4 464.6 243.3 238.4 257.5 279.6 310.3 328.2 318.9 305.8 307.8 313.0 139.7 133.2 142.0 154.3 175.3 187.0 180.7 177.2 174.3 178.9 103.7 105.2 115.4 125.3 135.0 141.1 138.1 128.6 133.5 134.1 1,739.5 1,878.3 2,309.0 2,774.0 3,162.6 3,506.4 3,602.3 3,692.7 3,868.7 4,102.2 1,288.4 1,424.3 1,738.3 2,060.2 2,337.9 2,631.1 2,773.9 2,909.7 3,041.3 3,330.5 451.0 454.0 570.7 713.7 824.7 875.3 828.4 783.0 827.3 771.7 955.2 1,046.0 974.5 894.7 817.8 827.8 992.5 1,169.0 1,214.7 1,378.0 636.9 700.8 636.1 591.2 541.7 551.4 645.3 761.0 823.1 1,026.9 318.3 345.2 338.5 303.4 276.1 276.4 347.2 408.0 391.7 351.1 817.7 905.1 965.3 895.6 784.3 701.5 705.1 808.0 982.4 1,080.5 660.5 815.6 1,219.2 1,268.4 1,129.2 1,080.0 1,149.3 1,350.9 1,900.1 2,386.5 2008: Oct ...... Nov ..... Dec ...... 796.5 804.3 812.1 5.7 5.6 5.5 360.5 406.5 464.6 312.0 306.8 313.0 176.3 173.5 178.9 135.7 133.2 134.1 4,034.8 4,016.7 4,102.2 3,250.3 3,247.6 3,330.5 784.4 769.1 771.7 1,327.4 1,360.1 1,378.0 982.2 1,009.3 1,026.9 345.2 350.8 351.1 1,092.3 1,082.1 1,080.5 2,228.5 2,323.4 2,386.5 2009: Jan ...... Feb ...... Mar ..... Apr r ..... May r .... June r ... July r .... Aug r .... Sept r ... Oct ...... 826.3 837.7 845.1 849.8 849.9 853.1 853.6 858.4 862.2 862.6 5.5 5.5 5.4 5.3 5.2 5.2 5.1 5.1 5.1 5.1 434.5 396.0 390.1 405.5 406.0 437.4 436.8 424.5 427.3 429.5 310.2 320.4 322.7 332.1 334.3 352.2 358.2 361.9 365.3 376.7 175.2 180.9 182.1 191.0 194.6 210.2 216.2 222.3 223.4 227.4 134.9 139.5 140.7 141.1 139.8 142.0 142.0 139.7 141.9 149.3 4,215.0 4,291.3 4,374.8 4,341.9 4,444.4 4,470.9 4,500.6 4,528.2 4,613.2 4,702.9 3,434.2 3,500.3 3,567.3 3,533.6 3,626.1 3,644.2 3,666.6 3,700.0 3,772.5 3,848.4 780.7 791.0 807.5 808.3 818.3 826.6 834.0 828.2 840.8 854.5 1,369.2 1,354.6 1,341.7 1,319.6 1,298.9 1,278.8 1,249.7 1,213.7 1,175.4 1,133.2 1,017.6 1,003.3 990.8 975.3 968.5 952.2 928.0 904.5 876.0 839.5 351.6 351.2 350.9 344.3 330.4 326.7 321.7 309.2 299.4 293.8 1,075.2 1,053.2 1,045.6 1,017.9 1,003.9 976.8 952.8 913.6 884.7 850.1 2,472.7 2,490.4 2,493.6 2,511.9 2,539.9 2,523.6 2,508.9 2,460.3 2,423.5 2,340.2 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 hsrobinson on DSK69SOYB1PROD with HEARING 1999: 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 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 commerical paper money market mutual fund liquidity facility Credit extended to American International Group, Inc. Adjustment 6 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... 42,173 38,724 41,428 40,339 42,630 46,540 45,089 43,220 43,294 820,732 41,852 38,515 41,361 40,259 42,585 46,478 44,920 43,029 27,864 167,166 40,879 37,399 39,785 38,331 41,583 44,631 43,188 41,357 41,525 53,334 1,294 1,325 1,643 2,008 1,047 1,909 1,901 1,863 1,769 767,397 593,648 584,945 635,595 681,646 720,344 759,186 787,018 811,106 822,320 1,650,883 320 210 67 80 46 63 169 191 15,431 653,565 .............. .............. .............. .............. .............. .............. .............. .............. 11,613 438,327 .............. .............. .............. .............. 17 11 97 111 3,787 88,245 .............. .............. .............. .............. .............. .............. .............. .............. .............. 47,631 .................. .................. .................. .................. .................. .................. .................. .................. .................. 32,102 .............. .............. .............. .............. .............. .............. .............. .............. .............. 47,206 179 99 34 35 .............. .............. .............. .............. .............. .............. 2008: Nov ......... Dec ......... 609,675 820,732 ¥89,110 167,166 50,639 53,334 559,036 767,397 1,433,199 1,650,883 698,786 653,565 393,088 438,327 95,839 88,245 60,655 47,631 71,009 32,102 78,070 47,206 .............. .............. 2009: Jan ......... Feb ......... Mar ......... Apr ......... May ........ June ....... July ........ Aug r ....... Sept r ....... Oct r ........ Nov p ....... 857,422 700,386 779,588 881,019 900,866 809,188 794,987 828,456 922,466 1,056,404 1,140,472 293,925 117,889 167,476 322,825 375,418 370,465 428,026 497,006 615,640 791,346 923,165 59,189 56,904 54,964 56,652 56,790 57,824 61,991 62,599 62,393 61,670 63,219 798,233 643,482 724,623 824,367 844,076 751,364 732,996 765,857 860,074 994,733 1,077,254 1,701,886 1,556,513 1,642,732 1,749,274 1,769,674 1,680,624 1,665,695 1,704,367 1,801,268 1,936,508 2,016,142 563,496 582,497 612,111 558,194 525,448 438,722 366,961 331,450 306,827 265,058 217,307 403,523 438,822 477,049 444,933 403,970 316,868 255,119 224,490 196,731 155,396 110,049 70,436 65,463 62,513 47,324 40,124 37,302 34,366 32,147 29,243 25,163 20,434 33,061 26,250 20,292 10,918 701 0 0 0 0 0 0 17,745 13,533 7,857 4,267 23,347 18,891 6,230 184 79 28 0 38,690 38,414 43,328 45,057 44,915 43,057 43,108 40,021 39,074 41,222 43,222 .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. 1 Data are prorated averages of biweekly (maintenance period) averages of daily figures. Reserves and monetary base incorporate adjustments for discontinuities, or ‘‘breaks,’’ associated with changes in reserve requirements. 2 Seasonally adjusted break-adjusted required reserves plus unadjusted excess reserves. 3 Seasonally adjusted break-adjusted total reserves less unadjusted total borrowings of depository institutions from the Federal Reserve. 4 Includes secondary and seasonal, and other credit extensions, not shown separately. 5 Includes credit extended through the Primary Dealer Credit Facility and credit extended to other broker-dealers. 6 Discontinued after January 8, 2003. Source: Board of Governors of the Federal Reserve System. 27 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00027 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.027 ECOIND BANK CREDIT AT ALL COMMERCIAL BANKS Total commercial bank loans and leases fell 1.2 percent in October. [Billions of dollars, seasonally adjusted 1] Securities in bank credit 2 hsrobinson on DSK69SOYB1PROD with HEARING 1999: 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2008: Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Dec ........................... Oct ............................ Nov ........................... Dec ........................... 2009: Jan ........................... Feb ........................... Mar ........................... Apr ........................... May ........................... June r ........................ July r ......................... Aug r .......................... Sept r ......................... Oct ............................ U.S. Treasury and agency securities Total securities 4,611.1 5,045.4 5,211.3 5,645.4 6,010.3 6,564.9 7,257.9 8,039.1 8,842.5 9,368.0 9,535.3 9,407.7 9,368.0 9,335.4 9,342.2 9,315.0 9,265.2 9,332.9 9,309.8 9,238.5 9,205.0 9,117.3 9,030.1 1,149.2 1,192.3 1,319.7 1,514.1 1,636.4 1,728.8 1,825.9 1,962.7 2,082.2 2,107.7 2,236.0 2,169.2 2,107.7 2,144.8 2,158.4 2,185.3 2,181.1 2,206.2 2,248.0 2,263.8 2,307.3 2,320.4 2,312.3 805.1 782.0 841.2 1,012.2 1,092.6 1,152.4 1,141.6 1,186.7 1,110.3 1,242.6 1,222.3 1,258.2 1,242.6 1,273.9 1,260.2 1,270.8 1,258.5 1,255.8 1,289.1 1,321.8 1,367.0 1,384.4 1,380.2 Other securities 344.1 410.3 478.6 501.9 543.7 576.4 684.3 776.0 971.9 865.1 1,013.7 911.0 865.1 871.0 898.2 914.5 922.7 950.4 958.9 942.0 940.3 936.0 932.1 1 Data are prorated averages of Wednesday values for domestically chartered commercial banks, branches and agencies of foreign banks, New York State investment companies (through September 1996), and Edge Act and agreement corporations. Data are adjusted for breaks caused by reclassifications of assets and liabilities. 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 Commercial and industrial loans Total loans and leases 3 3,462.0 3,853.1 3,891.6 4,131.3 4,374.0 4,836.0 5,432.1 6,076.4 6,760.4 7,260.3 7,299.3 7,238.4 7,260.3 7,190.5 7,183.8 7,129.6 7,084.0 7,126.7 7,061.8 6,974.7 6,897.7 6,796.8 6,717.8 999.6 1,084.1 1,021.7 959.7 898.4 919.0 1,041.3 1,182.6 1,424.4 1,617.4 1,643.4 1,635.6 1,617.4 1,600.6 1,586.5 1,563.6 1,544.1 1,524.1 1,497.7 1,480.8 1,449.4 1,411.7 1,378.2 Real estate loans Total 4 1,456.2 1,636.0 1,754.0 2,004.7 2,209.6 2,548.0 2,915.9 3,355.9 3,588.3 3,821.0 3,817.4 3,820.5 3,821.0 3,804.0 3,817.7 3,824.0 3,831.9 3,874.3 3,859.6 3,844.4 3,824.0 3,776.7 3,748.6 Revolving home equity loans 99.5 129.5 152.3 211.7 278.5 395.2 442.7 466.4 482.9 587.5 578.1 582.1 587.5 592.5 595.6 600.7 606.0 613.8 611.2 608.0 606.3 603.4 601.5 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00028 Fmt 3401 .............. .............. .............. .............. .............. 1,077.8 1,266.4 1,454.1 1,589.0 1,724.7 1,717.2 1,721.4 1,724.7 1,719.5 1,719.7 1,718.1 1,713.0 1,709.8 1,702.7 1,695.6 1,688.5 1,678.0 1,662.4 Consumer loans 5 485.5 532.4 550.5 579.4 634.9 685.4 695.9 731.0 792.5 860.0 852.4 857.2 860.0 869.0 879.5 870.8 859.4 858.1 856.3 852.8 850.9 848.7 846.8 Other loans and leases 5 520.7 600.5 565.4 587.5 631.1 683.6 779.0 806.9 955.1 961.9 986.1 925.2 961.9 916.9 900.1 871.3 848.6 870.2 848.2 796.8 773.4 759.7 744.2 held in trading accounts. 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 other items, not shown separately. Source: Board of Governors of the Federal Reserve System. 28 VerDate Nov 24 2008 Commercial loans Sfmt 3401 E:\HR\OC\ECOIND.028 ECOIND g:\graphics\eecoind.028 Period Total bank credit Loans and leases in bank credit SOURCES AND USES OF FUNDS, NONFARM NONFINANCIAL CORPORATE BUSINESS [Billions of dollars; quarterly data at seasonally adjusted annual rates] Sources Uses External (Net increase in liabilities) Funds raised in markets Period Total 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2007: ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ I ........... II ......... III ........ IV ........ 2008: I ........... II ......... III ........ IV ........ 2009: I ........... II p ........ 1,733.0 1,973.9 864.5 909.3 854.4 1,554.5 2,052.8 1,929.5 2,320.6 1,604.4 2,364.4 2,369.8 2,336.0 2,212.1 1,775.6 1,700.9 1,611.3 1,330.0 1,376.4 1,416.4 Internal 1 745.4 736.5 769.3 824.4 841.0 945.5 1,091.6 1,093.0 1,108.8 1,149.0 1,058.2 1,107.7 1,110.6 1,158.5 1,103.8 1,107.8 1,234.2 1,150.3 1,143.5 1,138.8 Credit market instruments Total 987.6 1,237.4 95.2 84.9 13.4 609.0 961.2 836.5 1,211.8 455.4 1,306.2 1,262.1 1,225.4 1,053.6 671.8 593.1 377.1 179.7 232.9 277.6 Total Total net funds raised Net new equity issues 271.5 244.5 163.8 6.8 47.2 80.2 ¥12.9 ¥102.0 52.7 33.8 174.0 165.2 79.4 ¥207.7 31.6 245.8 55.7 ¥198.0 30.7 160.3 ¥110.4 ¥118.2 ¥48.1 ¥16.2 ¥39.6 ¥122.7 ¥343.1 ¥567.7 ¥790.1 ¥334.9 ¥537.8 ¥752.6 ¥831.8 ¥1,038.0 ¥431.8 ¥218.7 ¥341.9 ¥347.1 ¥122.9 88.0 Total Securities and mortgages 381.9 362.7 211.9 23.0 86.8 202.8 330.2 465.8 842.8 368.7 711.8 917.8 911.2 830.3 463.4 464.6 397.6 149.1 153.6 72.3 1 Profits before tax (book) less taxes on corporate income, less net dividends, plus capital consumption allowance (consumption of fixed capital plus capital consumption adjustment), foreign earnings retained abroad, inventory valuation adjustment, and net capital transfers. 2 Includes trade payables, taxes payable, and miscellaneous liabilities (foreign direct investment in the U.S., pension fund contributions payable, and other). 271.1 187.1 398.6 166.3 216.5 132.7 263.6 310.2 439.9 250.9 416.1 525.6 368.8 448.9 261.4 412.9 135.8 193.2 583.8 358.4 Loans and shortterm paper Other 2 110.9 175.6 ¥186.7 ¥143.1 ¥129.7 70.1 66.7 155.6 403.0 117.9 295.7 392.2 542.5 381.5 202.0 51.7 261.8 ¥44.1 ¥430.2 ¥286.1 716.1 992.9 ¥68.5 78.1 ¥33.7 529.0 974.1 938.4 1,159.1 421.6 1,132.2 1,096.9 1,146.0 1,261.2 640.2 347.3 321.5 377.6 202.3 117.2 1,852.9 2,173.0 1,021.0 915.9 885.8 1,665.6 1,947.6 1,856.6 2,226.7 1,531.4 2,221.9 2,234.0 2,245.5 2,205.7 1,707.5 1,577.9 1,489.1 1,350.9 1,217.5 1,234.6 Capital expenditures 3 883.0 963.8 843.4 785.8 803.2 882.5 989.8 1,143.5 1,182.5 1,187.4 1,115.8 1,169.4 1,241.5 1,203.4 1,212.6 1,190.9 1,185.7 1,160.2 926.0 820.0 Increase in financial assets 969.9 1,209.2 177.6 130.1 82.6 783.1 957.8 713.1 1,044.2 344.0 1,106.1 1,064.6 1,004.0 1,002.3 494.9 387.0 303.4 190.7 291.5 414.6 Discrepancy (sources less uses) ¥119.9 ¥199.1 ¥156.6 ¥6.7 ¥31.4 ¥111.1 105.2 72.9 93.8 73.1 142.6 135.8 90.5 6.4 68.2 122.9 122.2 ¥20.8 158.9 181.9 3 Nonresidential fixed investment plus residential fixed investment, inventory change with inventory valuation adjustment, and nonproduced nonfinancial assets. Source: Board of Governors of the Federal Reserve System. CONSUMER CREDIT [Billions of dollars; seasonally adjusted] Consumer credit outstanding (end of period) Period Total hsrobinson on DSK69SOYB1PROD with HEARING 1999: 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008: 2008: Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Dec ............................................................................... Sept .............................................................................. Oct ............................................................................... Nov ............................................................................... Dec ............................................................................... 2009: Jan ............................................................................... Feb ............................................................................... Mar .............................................................................. Apr ............................................................................... May .............................................................................. June ............................................................................. July .............................................................................. Aug .............................................................................. Sept p ............................................................................ Revolving 1,531.1 1,716.5 1,866.2 1,970.8 2,076.1 2,191.5 2,291.0 2,384.8 2,519.5 2,559.1 2,578.3 2,575.0 2,564.5 2,559.1 2,564.4 2,551.4 2,535.3 2,518.0 2,509.2 2,493.7 2,480.5 2,470.6 2,455.8 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. 610.7 683.5 715.2 750.9 767.7 799.2 829.8 871.3 939.6 957.3 975.2 970.8 964.0 957.3 955.4 942.7 934.3 925.9 916.6 911.7 909.0 898.9 889.0 Nonrevolving 2 920.4 1,033.0 1,151.0 1,219.9 1,308.4 1,392.3 1,461.2 1,513.5 1,579.9 1,601.8 1,603.2 1,604.1 1,600.6 1,601.8 1,609.0 1,608.7 1,601.0 1,592.0 1,592.6 1,582.0 1,571.5 1,571.7 1,566.8 Net change in consumer credit outstanding 1 Total 110.1 185.4 149.7 104.6 105.3 115.4 99.5 93.8 134.7 39.6 2.2 ¥3.3 ¥10.5 ¥5.4 5.3 ¥13.0 ¥16.1 ¥17.3 ¥8.8 ¥15.5 ¥13.2 ¥9.9 ¥14.8 Revolving 29.3 72.8 31.7 35.7 16.8 31.5 30.6 41.5 68.3 17.7 .1 ¥4.4 ¥6.8 ¥6.7 ¥1.9 ¥12.7 ¥8.4 ¥8.4 ¥9.3 ¥4.9 ¥2.7 ¥10.1 ¥9.9 Nonrevolving 2 80.8 112.6 118.0 68.9 88.5 83.9 68.9 52.3 66.4 21.9 2.1 .9 ¥3.5 1.2 7.2 ¥.3 ¥7.7 ¥9.0 .6 ¥10.6 ¥10.5 .2 ¥4.9 NOTE.—Effective October 7, 2003 data beginning 1977 include student loans extended by the Federal Government and by SLM Holding Corporation. Source: Board of Governors of the Federal Reserve System. 29 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00029 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.029 ECOIND INTEREST RATES AND BOND YIELDS Interest rates were mixed in November. [Percent per annum] Constant hsrobinson on DSK69SOYB1PROD with HEARING Period 1999 ....................... 2000 ....................... 2001 ....................... 2002 ....................... 2003 ....................... 2004 ....................... 2005 ....................... 2006 ....................... 2007 ....................... 2008 ....................... 2008: Nov ............. Dec ............. 2009: Jan .............. Feb ............. Mar ............. Apr ............. May ............ June ........... July ............ Aug ............. Sept ............ Oct .............. Nov ............. Week ended: 2009: Nov 7 ...... 14 ....... 21 ....... 28 ....... Dec 5 ...... 3-month bills (at auction) 1 3-year maturities 2 10-year 30-year Highgrade municipal bonds (Standard & Poor’s) 3 Corporate Aaa bonds (Moody’s) Discount window (N.Y. F.R. Bank) 4 5 Primary credit 4.66 5.85 3.44 1.62 1.01 1.38 3.16 4.73 4.41 1.48 .30 .04 .12 .31 .25 .17 .15 .17 .19 .18 .13 .08 .05 5.49 6.22 4.09 3.10 2.10 2.78 3.93 4.77 4.35 2.24 1.51 1.07 1.13 1.37 1.31 1.32 1.39 1.76 1.55 1.65 1.48 1.46 1.32 5.65 6.03 5.02 4.61 4.01 4.27 4.29 4.80 4.63 3.66 3.53 2.42 2.52 2.87 2.82 2.93 3.29 3.72 3.56 3.59 3.40 3.39 3.40 5.87 5.94 5.49 * * * * 4.91 4.84 4.28 4.00 2.87 3.13 3.59 3.64 3.76 4.23 4.52 4.41 4.37 4.19 4.19 4.31 5.43 5.77 5.19 5.05 4.73 4.63 4.29 4.42 4.42 4.80 5.28 5.53 5.13 5.00 5.15 4.88 4.60 4.84 4.69 4.58 4.13 4.20 4.35 7.04 7.62 7.08 6.49 5.67 5.63 5.24 5.59 5.56 5.64 6.15 5.08 5.05 5.27 5.50 5.39 5.54 5.61 5.41 5.26 5.13 5.15 5.19 .............. .............. .............. .............. 2.12 2.34 4.19 5.96 5.86 2.39 1.25 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .50 .06 .07 .07 .04 .06 1.44 1.37 1.26 1.22 1.20 3.53 3.48 3.35 3.30 3.34 4.36 4.40 4.28 4.25 4.29 4.37 4.38 4.34 4.30 4.19 5.27 5.28 5.16 5.07 5.08 .50 .50 .50 .50 .50 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. Discount rate Prime rate charged by banks 5 4.62 5.73 3.40 1.17 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00030 Fmt 3401 Newhome mortgage yields (FHFB) 7 * * * * * * * * * * * * * * * * * * * 8.00 9.23 6.91 4.67 4.12 4.34 6.19 7.96 8.05 5.09 4.00 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 4.97 6.24 3.88 1.67 1.13 1.35 3.22 4.97 5.02 1.92 .39 .16 .15 .22 .18 .15 .18 .21 .16 .16 .15 .12 .12 7.04 7.52 7.00 6.43 5.80 5.77 5.94 6.63 6.41 6.05 6.16 5.67 5.11 5.09 5.10 4.96 4.92 5.17 5.40 5.32 5.26 5.14 .............. * * * * * 3.25 3.25 3.25 3.25 3.25 .12 .12 .12 .11 .12 .............. .............. .............. .............. .............. 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 Board, Moody’s Investors Service, and Standard & Poor’s. 30 VerDate Nov 24 2008 Federal funds rate 6 Sfmt 3401 E:\HR\OC\ECOIND.030 ECOIND g:\graphics\eecoind.030 U.S. Treasury security yields COMMON STOCK PRICES AND YIELDS Overall, stock prices rose in November. 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 ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... 6,546.81 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 ................ ................ ................ ................ 5,583.00 6,822.18 7,383.70 8,654.40 9,321.39 6,278.38 .................. .................. .................. .................. 5,273.90 6,952.36 9,377.84 11,206.94 13,339.99 13,258.42 ................ ................ ................ ................ 5,288.67 5,924.80 6,283.96 6,685.06 7,191.79 6,171.19 10,464.88 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 1,327.33 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 2,728.15 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 1.25 1.15 1.32 1.61 1.77 1.72 1.83 1.87 1.86 2.37 3.17 3.63 2.95 2.92 3.84 4.89 5.36 5.78 5.29 3.54 2008: Nov .............................................. Dec .............................................. 5,527.63 5,525.70 3,779.86 3,673.95 9,262.07 9,136.33 5,088.99 5,090.83 8,614.55 8,595.56 883.04 877.56 1,542.70 1,525.89 3.11 3.00 .................. 1.65 2009: Jan ............................................... Feb .............................................. Mar .............................................. Apr .............................................. May ............................................. June ............................................ July ............................................. Aug .............................................. Sept ............................................. Oct ............................................... Nov .............................................. 5,477.14 5,051.42 4,739.72 5,338.39 5,823.10 5,985.64 6,026.55 6,577.18 6,839.88 6,986.35 7,079.38 3,337.14 2,823.74 2,633.65 3,313.47 3,819.95 3,924.19 4,000.66 4,646.60 4,844.93 4,918.07 4,848.04 9,295.97 8,785.04 8,266.81 8,839.95 9,848.66 10,189.64 9,765.09 10,295.91 10,791.73 11,342.57 11,486.95 5,256.13 5,106.78 4,596.81 4,771.71 5,051.78 5,224.16 5,410.22 5,706.96 5,838.22 5,931.28 6,155.21 8,396.20 7,690.50 7,235.47 7,992.12 8,398.37 8,593.00 8,679.75 9,375.06 9,634.97 9,857.34 10,227.55 865.58 805.23 757.13 848.15 902.41 926.12 935.82 1,009.72 1,044.55 1,067.66 1,088.07 1,537.20 1,485.98 1,432.23 1,641.15 1,726.08 1,826.99 1,873.84 1,997.16 2,084.75 2,122.85 2,143.53 3.01 3.07 2.92 2.60 2.41 2.35 2.31 2.12 2.06 2.02 1.99 .................. .................. .86 .................. .................. .82 .................. .................. p 1.20 .................. .................. Week ended: 2009: Nov 7 14 21 28 Dec 5 6,867.30 7,120.01 7,180.00 7,164.70 7,173.32 4,719.98 4,916.97 4,915.81 4,848.84 4,819.52 11,284.93 11,555.72 11,593.01 11,549.43 11,441.24 5,938.95 6,134.94 6,215.07 6,340.39 6,374.76 9,878.57 10,246.62 10,384.26 10,414.75 10,404.83 1,054.14 1,093.06 1,103.14 1,103.50 1,103.93 2,075.96 2,157.79 2,179.53 2,164.92 2,174.59 2.07 1.97 1.96 1.96 1.96 .................. .................. .................. .................. .................. 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 hsrobinson on DSK69SOYB1PROD with HEARING Dow Jones industrial average 4 ........................................ ........................................ ........................................ ........................................ ........................................ 1 Average of daily closing prices. all the stocks (nearly 1,850) listed on the NYSE. January 9, 2003, the NYSE relaunched the composite index with changes in methodology, definitions, and based on Dec. 31, 2002=5,000. Effective January 8, 2004 new indexes for Financial, Energy, and Health Care were introduced by the NYSE. Previous indexes shown for Industrial, Transportation, Utility, and Finance were discontinued. 4 Includes 30 stocks. 2 Includes 3 Effective 5 Includes 500 stocks. about 3,000 stocks. & Poor’s series. Dividend-price ratios based on Wednesday closing prices. Earnings-price ratios based on prices at end of quarter. 6 Includes 7 Standard Sources: New York Stock Exchange, Dow Jones & Company, Inc., Standard & Poor’s, and Nasdaq Stock Market. 31 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 first month of fiscal 2010, there was a deficit of $176.4 billion, compared with a deficit of $155.5 billion a year earlier. [Billions of dollars] hsrobinson on DSK69SOYB1PROD with HEARING Fiscal year or period 1992 .................................. 1993 .................................. 1994 .................................. 1995 .................................. 1996 .................................. 1997 .................................. 1998 .................................. 1999 .................................. 2000 .................................. 2001 .................................. 2002 .................................. 2003 .................................. 2004 .................................. 2005 ................................... 2006 .................................. 2007 .................................. 2008 .................................. 2009 1 ................................ 2010 (estimates) ............... First month: 2 Fiscal year 2009 ............ Fiscal year 2010 ............ 1 Data 2 Data On-budget Surplus or deficit (¥) Receipts Outlays 1,091.3 1,154.5 1,258.7 1,351.9 1,453.2 1,579.4 1,722.0 1,827.6 2,025.5 1,991.4 1,853.4 1,782.5 1,880.3 2,153.9 2,407.3 2,568.2 2,524.3 2,104.6 2,264.4 1,381.6 ¥290.3 1,409.5 ¥255.1 1,461.9 ¥203.2 1,515.9 ¥164.0 1,560.6 ¥107.4 1,601.3 ¥21.9 1,652.7 69.3 1,702.0 125.6 1,789.2 236.2 1,863.2 128.2 2,011.2 ¥157.8 2,160.1 ¥377.6 2,293.0 ¥412.7 2,472.2 ¥318.3 2,655.4 ¥248.2 2,728.9 ¥160.7 2,982.9 ¥458.6 3,521.7 ¥1,417.1 3,766.0 ¥1,501.7 788.9 842.5 923.7 1,000.9 1,085.7 1,187.4 1,306.2 1,383.2 1,544.9 1,483.9 1,338.1 1,258.7 1,345.5 1,576.4 1,798.9 1,933.2 1,866.3 1,450.6 1,603.0 ¥155.5 ¥176.4 118.0 88.7 164.8 135.3 320.4 311.7 Receipts from Final Monthly Treasury Statement for fiscal 2009 released on October 16, 2009. from current issue Monthly Treasury Statement. Outlays Off-budget Surplus or deficit (¥) Receipts Outlays 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00032 Fmt 3401 Surplus or deficit (¥) Gross Federal Held by the public 1,129.3 ¥340.4 1,142.9 ¥300.4 1,182.5 ¥258.8 1,227.2 ¥226.4 1,259.7 ¥174.0 1,290.7 ¥103.2 1,336.1 ¥29.9 1,381.3 1.9 1,458.5 86.4 1,516.4 ¥32.4 1,655.5 ¥317.4 1,797.1 ¥538.4 1,913.5 ¥568.0 2,070.0 ¥493.6 2,233.4 ¥434.5 2,275.3 ¥342.2 2,508.1 ¥641.9 3,004.7 ¥1,554.1 3,214.6 ¥1,611.6 302.4 311.9 335.0 351.1 367.5 392.0 415.8 444.5 480.6 507.5 515.3 523.8 534.7 577.5 608.4 635.1 658.0 654.0 661.3 252.3 266.6 279.4 288.7 300.9 310.6 316.6 320.8 330.8 346.8 355.7 363.0 379.5 402.2 422.1 453.6 474.8 517.0 551.4 50.1 45.3 55.7 62.4 66.6 81.4 99.2 123.7 149.8 160.7 159.7 160.8 155.2 175.3 186.3 181.5 183.3 137.0 109.9 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 9,985.8 11,873.8 14,087.3 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 5,802.7 7,544.0 9,574.7 ¥154.9 ¥170.0 46.8 46.6 47.5 53.0 ¥.6 ¥6.4 10,532.8 11,860.6 6,295.1 7,483.3 272.9 258.7 NOTE.—Data for fiscal 2010 are from Mid-Session Review, Budget of the U.S. Government, Fiscal Year 2010, issued August 25, 2009. Other data (except as noted) are from Budget of the United States Government, Fiscal Year 2010, issued May 11, 2009. Sources: Department of the Treasury and Office of Management and Budget. 32 VerDate Nov 24 2008 Federal debt (end of period) Sfmt 3401 E:\HR\OC\ECOIND.032 ECOIND g:\graphics\eecoind.032 Total FEDERAL RECEIPTS BY SOURCE AND OUTLAYS BY FUNCTION In the first month of fiscal 2010, receipts were $29.5 billion lower than a year earlier and outlays were $8.7 billion lower. [Billions of dollars] On-budget and off-budget receipts Total hsrobinson on DSK69SOYB1PROD with HEARING 1992 1993 1994 1995 1996 1997 1998 1999 Individual income taxes Corporation income taxes On-budget and off-budget outlays National defense Other Department of Defense, military Total Total International affairs Health Medicare Income Social security security Net interest Other ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ 1,091.3 1,154.5 1,258.7 1,351.9 1,453.2 1,579.4 1,722.0 1,827.6 476.0 509.7 543.1 590.2 656.4 737.5 828.6 879.5 100.3 117.5 140.4 157.0 171.8 182.3 188.7 184.7 413.7 428.3 461.5 484.5 509.4 539.4 571.8 611.8 101.4 99.0 113.8 120.2 115.5 120.3 132.9 151.7 1,381.6 1,409.5 1,461.9 1,515.9 1,560.6 1,601.3 1,652.7 1,702.0 298.4 291.1 281.6 272.1 265.8 270.5 268.2 274.8 286.8 278.5 268.6 259.4 253.1 258.3 255.8 261.2 16.1 17.2 17.1 16.4 13.5 15.2 13.1 15.2 89.5 99.4 107.1 115.4 119.4 123.8 131.4 141.1 119.0 130.6 144.7 159.9 174.2 190.0 192.8 190.4 199.6 210.0 217.2 223.8 229.7 235.0 237.8 242.5 287.6 304.6 319.6 335.8 349.7 365.3 379.2 390.0 199.3 198.7 202.9 232.1 241.1 244.0 241.1 229.8 172.2 158.0 171.7 160.3 167.3 157.4 189.0 218.2 2000 ............................................ 2001 ............................................ 2002 ............................................ 2003 ............................................ 2004 ............................................ 2005 ............................................ 2006 ............................................ 2007 ............................................ 2008 ............................................ 2009 1 .......................................... 2010 (estimates) .......................... 2,025.5 1,991.4 1,853.4 1,782.5 1,880.3 2,153.9 2,407.3 2,568.2 2,524.3 2,104.6 2,264.4 1,004.5 994.3 858.3 793.7 809.0 927.2 1,043.9 1,163.5 1,145.7 915.3 1,027.8 207.3 151.1 148.0 131.8 189.4 278.3 353.9 370.2 304.3 138.2 163.8 652.9 694.0 700.8 713.0 733.4 794.1 837.8 869.6 900.2 890.9 910.3 160.9 152.0 146.2 144.1 148.5 154.2 171.6 164.9 174.1 160.2 162.5 1,789.2 1,863.2 2,011.2 2,160.1 2,293.0 2,472.2 2,655.4 2,728.9 2,982.9 3,521.7 3,766.0 294.4 304.8 348.5 404.8 455.8 495.3 521.8 551.3 616.1 662.8 720.2 281.1 290.2 331.9 387.2 436.5 474.1 499.3 528.6 594.7 636.8 692.4 17.2 16.5 22.4 21.2 26.9 34.6 29.5 28.5 28.9 36.9 51.8 154.5 172.3 196.5 219.6 240.1 250.6 252.8 266.4 280.6 334.3 386.6 197.1 217.4 230.9 249.4 269.4 298.6 329.9 375.4 390.8 430.1 457.8 253.7 269.8 312.7 334.6 333.1 345.8 352.5 366.0 431.3 533.9 613.9 409.4 433.0 456.0 474.7 495.5 523.3 548.5 586.2 617.0 683.0 707.9 222.9 206.2 170.9 153.1 160.2 184.0 226.6 237.1 252.8 190.9 196.5 239.9 243.4 273.3 302.7 311.9 339.9 393.8 318.1 365.4 649.9 631.3 First month: 2 Fiscal year 2009 ...................... Fiscal year 2010 ...................... 164.8 135.3 86.3 61.2 0.1 ¥4.5 64.7 63.3 13.7 15.3 320.4 311.7 68.4 70.2 66.1 67.8 4.5 3.9 26.2 30.3 47.0 52.6 36.9 45.0 52.1 57.6 19.0 17.9 66.1 34.1 1 Data from Final Monthly Treasury Statement for fiscal 2009 released on October 16, 2009. 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. 2 Data NOTE.—Data for fiscal 2010 are from Mid-Session Review, Budget of the U.S. Government, Fiscal Year 2010, issued August 25, 2009. Other data (except as noted) are from Budget of the United States Government, Fiscal Year 2010, issued May 11, 2009. Sources: Department of the Treasury and Office of Management and Budget. 33 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 third quarter of 2009, according to preliminary estimates, Federal current receipts fell $25.3 billion (annual rate); while Federal curent expenditures rose $48.7 billion. [Billions of dollars; quarterly data at seasonally adjusted annual rates] Federal Government current receipts Total Total 1 hsrobinson on DSK69SOYB1PROD with HEARING Calendar year: 1999 ................ 2000 ................. 2001 ................ 2002 ................ 2003 ................ 2004 ................ 2005 ................ 2006 ................ 2007 ................ 2008 ................ 2006: I ............... II ............. III ............ IV ............ 2007: I ............... II ............. III ............ IV ............ 2008: I ............... II ............. III ............ IV ............ 2009: I ............... II r ............ III r ........... 1 Includes 2 Includes 1,895.0 2,057.1 2,020.3 1,859.3 1,885.1 2,013.9 2,290.1 2,524.5 2,660.8 2,475.0 2,473.8 2,501.8 2,547.4 2,575.1 2,640.1 2,660.1 2,659.9 2,682.9 2,590.7 2,372.1 2,489.5 2,447.8 2,251.3 2,237.0 2,211.7 1,195.4 1,309.6 1,249.4 1,073.5 1,070.2 1,153.8 1,383.7 1,558.3 1,647.2 1,421.7 1,517.6 1,541.6 1,581.3 1,592.8 1,638.3 1,654.0 1,644.8 1,651.7 1,546.0 1,322.8 1,435.2 1,382.9 1,191.5 1,157.4 1,150.3 Personal current taxes 893.0 995.6 991.8 828.6 774.2 799.2 931.9 1,049.9 1,168.1 1,102.5 1,023.1 1,034.7 1,053.9 1,088.0 1,136.8 1,157.6 1,177.6 1,200.6 1,195.3 984.2 1,110.1 1,120.2 900.3 829.9 815.5 Taxes on production and imports 83.4 87.3 85.3 86.8 89.3 94.3 98.8 99.4 94.7 92.0 99.6 99.6 99.9 98.6 94.9 94.8 95.4 93.6 92.7 93.1 91.8 90.2 85.7 91.6 93.3 Taxes on corporate income 213.0 219.4 164.7 150.5 197.8 250.3 341.0 395.0 370.2 212.3 383.8 396.1 415.5 384.6 393.6 387.3 358.5 341.3 243.1 231.2 218.5 156.5 192.0 223.8 230.8 654.8 698.6 723.3 739.3 762.8 807.6 852.6 904.6 944.4 974.5 896.9 899.8 904.0 917.8 937.3 938.8 943.8 957.6 970.0 973.0 978.5 976.4 953.0 954.3 956.6 Federal Government current expenditures Income receipts on assets Current transfer receipts Current surplus of government enterprises 20.6 24.5 24.5 20.3 22.8 23.2 23.7 26.1 29.1 30.3 24.3 25.5 26.5 28.2 28.3 28.7 29.6 29.8 29.3 31.2 30.6 30.0 40.7 50.8 49.5 23.4 25.7 27.0 26.1 25.6 29.0 33.6 38.3 42.7 52.3 37.1 37.7 38.6 39.9 41.0 41.5 42.6 45.8 47.9 48.4 49.0 64.0 72.7 79.8 58.7 0.8 ¥1.2 ¥4.0 .2 3.7 .3 ¥3.5 ¥2.9 ¥2.7 ¥3.8 ¥2.1 ¥2.7 ¥3.0 ¥3.6 ¥4.8 ¥2.9 ¥.8 ¥2.1 ¥2.5 ¥3.4 ¥3.9 ¥5.4 ¥6.7 ¥5.3 ¥3.4 taxes from the rest of the world, not shown separately. a subtraction for wage accruals less disbursements, not shown separately. Total 2 1,796.2 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 2,681.1 2,731.2 2,762.9 2,738.1 2,841.0 2,881.3 2,918.7 2,947.9 3,024.2 3,169.0 3,155.2 3,121.9 3,220.3 3,505.9 3,554.6 Consumption expenditures Current transfer payments 473.3 496.0 530.2 590.5 660.3 721.4 765.8 811.0 848.8 934.4 810.4 808.5 813.1 812.1 821.1 839.9 860.8 873.4 903.2 923.2 956.0 955.4 954.2 979.1 1,001.6 995.4 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 1,552.4 1,588.9 1,603.7 1,603.5 1,666.2 1,672.4 1,694.1 1,721.6 1,759.5 1,904.5 1,829.0 1,869.5 1,981.2 2,195.6 2,191.1 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00034 Fmt 3401 282.7 283.3 258.6 229.1 212.9 221.0 255.4 279.2 312.2 292.0 263.1 282.8 296.7 274.2 306.4 321.3 316.6 304.7 312.3 291.4 319.5 244.6 231.3 277.4 295.1 Subsidies 44.8 45.3 51.1 40.5 49.0 46.0 60.5 51.0 47.6 50.6 55.2 51.1 49.4 48.3 47.4 47.7 47.3 48.2 49.2 49.9 50.7 52.4 53.6 53.7 66.7 Net Federal Government saving 98.8 185.2 40.5 ¥252.8 ¥376.4 ¥379.5 ¥283.0 ¥203.8 ¥236.5 ¥642.6 ¥207.3 ¥229.4 ¥215.5 ¥163.0 ¥200.9 ¥221.3 ¥258.8 ¥265.0 ¥433.5 ¥796.9 ¥665.7 ¥674.1 ¥969.1 ¥1,268.9 ¥1,342.8 NOTE.—Revisions include changes to series affected by revised wage and salary estimates for 2009:II. Source: Department of Commerce, Bureau of Economic Analysis. 34 VerDate Nov 24 2008 Interest payments Sfmt 3401 E:\HR\OC\ECOIND.034 ECOIND g:\graphics\eecoind.034 Current tax receipts Period Contributions for government social insurance INTERNATIONAL STATISTICS INDUSTRIAL PRODUCTION AND CONSUMER PRICES—MAJOR INDUSTRIAL COUNTRIES Industrial production (2002=100; seasonally adjusted) Period United States Canada Japan Germany France .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. .............................. 99.5 103.7 100.1 100.0 101.3 103.8 107.2 109.7 111.3 108.8 94.4 102.6 98.4 100.0 100.1 101.7 103.7 102.9 102.6 97.2 103.0 108.4 101.3 100.0 103.0 108.0 109.6 114.2 117.6 113.6 r 97.3 101.0 101.8 100.0 98.9 r 100.1 100.3 101.6 102.8 r 100.4 95.4 100.8 101.1 100.0 100.5 103.6 107.1 113.3 120.1 120.1 2008: Oct r .................... Nov r ................... Dec r ................... 106.2 104.8 102.4 95.9 94.0 91.9 109.6 101.9 93.4 96.7 93.9 92.4 117.8 112.7 107.7 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Consumer prices (1982–84=100; NSA) United Kingdom Italy 98.3 United States 1 Canada Japan France Germany Italy United Kingdom 101.3 100.0 99.4 99.0 98.3 101.8 104.0 100.5 101.4 103.2 101.7 100.0 99.3 100.4 99.1 99.2 99.5 96.4 166.6 172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.342 215.303 160.5 164.9 169.0 172.8 177.6 180.9 184.9 188.6 192.6 197.2 121.8 121.0 120.1 119.0 118.7 118.7 118.3 118.7 118.7 120.3 155.0 157.6 160.2 163.3 166.7 170.3 173.2 176.2 178.8 183.8 140.5 142.5 145.3 147.4 148.9 151.4 153.7 156.2 159.7 163.9 226.2 231.9 238.3 244.3 250.8 256.3 261.4 266.9 271.8 280.9 194.3 200.1 203.6 207.0 213.0 219.4 225.6 232.8 242.7 252.4 95.5 92.2 88.4 93.7 91.6 89.9 216.573 212.425 210.228 197.9 197.2 195.8 121.4 120.3 119.8 184.6 183.8 183.3 164.5 163.7 164.2 282.9 281.9 281.5 255.8 253.8 250.1 2009: Jan r ................... 100.1 88.5 84.0 88.4 100.6 86.9 87.6 211.143 195.3 119.1 182.6 Feb r ................... 99.3 88.0 76.1 88.0 97.0 83.4 87.0 212.193 196.7 118.8 183.3 Mar r ................... 97.7 86.7 77.3 87.0 97.0 79.7 86.8 212.709 197.0 119.1 183.6 Apr r ................... 97.2 85.5 81.9 85.9 94.1 80.6 86.9 213.240 196.8 119.2 183.9 May r .................. 96.2 83.7 86.6 87.9 98.7 80.6 86.4 213.856 198.2 119.0 184.2 June r ................. 95.8 83.4 88.6 88.0 100.0 80.6 86.9 215.693 198.9 118.8 184.4 July r .................. 96.7 83.3 90.4 88.6 99.1 82.2 87.2 215.351 198.2 118.4 183.6 Aug r ................... 97.9 83.2 91.8 91.1 100.7 87.0 84.9 215.834 198.2 118.8 184.5 Sept p .................. 98.6 84.3 93.8 89.7 103.7 82.4 86.2 215.969 198.2 118.8 184.1 p Oct ................... 98.6 .............. 94.3 .............. .............. .............. .............. 216.177 198.0 118.3 184.2 Nov p ................... .............. .............. ............ .............. .............. .............. .............. .................. .............. ............ ............ 163.4 164.3 164.2 164.2 164.0 164.7 164.7 165.0 164.3 164.5 164.2 281.1 246.9 281.7 284.4 281.9 248.3 282.5 248.5 283.1 250.0 283.3 250.7 283.3 250.7 284.2 251.9 283.6 253.0 283.8 253.8 284.0 .............. r 102.4 1 Data relate to all urban consumers. NOTE.—See Note, p. 17, for information on U.S. industrial production series. Source: National sources as reported by Department of Commerce (Bureau of Economic Analysis and International Trade Administration, Office of Trade and Industry Information) and Council of Economic Advisers. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES [Billions of dollars; monthly data seasonally adjusted] Goods: Exports (f.a.s. value) Goods: Imports (customs value) Census basis (by end-use category) Services (BOP basis) Balance of trade (exports minus imports) Census basis (by end-use category) BOP basis Period BOP basis hsrobinson on DSK69SOYB1PROD with HEARING 1999 ............ 684.0 2000 ............ 772.0 2001 ........... 718.7 2002 ........... 685.2 2003 ........... 715.8 2004 ........... 806.2 2005 ........... 892.3 2006 ........... 1,015.8 2007 ........... 1,138.4 2008 ........... 1,277.0 2008: Sept 106.0 Oct .. 103.8 Nov 97.5 Dec .. 89.2 2009: Jan .. 82.4 Feb .. 84.4 Mar 82.6 Apr .. 80.0 May 82.1 June 84.1 July 86.8 Aug r 86.8 Sept p 90.3 Total, Census basis 1 695.8 781.9 729.1 693.1 724.8 818.8 906.0 1,026.0 1,148.2 1,287.4 106.6 104.8 98.5 90.1 83.2 85.2 83.6 80.8 83.1 85.0 87.8 87.6 91.1 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 46.0 47.9 49.4 49.6 55.0 56.6 59.0 66.0 84.3 108.3 9.0 8.3 7.9 7.1 7.1 7.1 7.3 7.6 7.9 8.1 7.8 7.9 7.5 147.5 172.6 160.1 156.8 173.0 203.9 233.0 276.0 316.4 388.0 32.4 31.4 27.6 23.2 22.2 22.2 22.4 21.1 23.2 24.4 24.8 25.7 27.1 310.8 75.3 356.9 80.4 321.7 75.4 290.4 78.9 293.7 80.6 331.4 89.2 363.3 98.4 404.0 107.3 433.0 121.3 457.7 121.5 37.6 10.2 37.5 10.0 36.4 9.2 35.1 8.1 33.2 5.6 33.3 6.0 31.9 6.0 30.9 5.8 31.0 5.4 31.4 5.5 32.2 6.8 30.9 7.3 32.5 7.5 80.9 89.4 88.3 84.4 89.9 103.2 115.3 129.1 146.0 161.3 13.5 13.3 13.2 12.6 11.4 12.8 12.4 11.9 12.1 12.1 12.4 12.3 12.8 BOP basis 1,031.8 1,226.7 1,148.6 1,168.0 1,264.9 1,478.0 1,683.2 1,863.1 1,969.4 2,117.2 177.7 175.2 151.8 142.4 130.0 121.6 121.8 119.9 119.3 122.4 129.5 128.8 138.0 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 1,024.6 1,218.0 1,141.0 1,161.4 1,257.1 1,469.7 1,673.5 1,853.9 1,957.0 2,103.6 176.2 174.4 151.0 141.9 129.6 121.2 121.4 119.5 119.0 122.1 129.3 128.4 137.6 1 Total includes ‘‘other’’ exports or imports, not shown separately. NOTE.—BOP refers to balance of payments on international transactions basis. BOP data shown here are consistent with figures shown on pp. 36 and 37. 43.6 46.0 46.6 49.7 55.8 62.1 68.1 74.9 81.7 89.0 7.6 7.6 7.4 7.2 6.9 6.7 6.8 6.7 6.8 6.9 6.8 6.7 6.8 221.4 299.0 273.9 267.7 313.8 412.8 523.8 602.0 634.7 779.5 65.9 66.1 48.8 43.6 38.5 34.3 34.5 33.7 33.1 37.0 38.3 37.5 43.0 295.7 347.0 298.0 283.3 295.9 343.6 379.3 418.3 444.5 453.7 38.4 37.2 35.4 34.1 31.9 30.1 29.6 28.6 28.9 28.9 30.1 30.1 30.8 179.0 195.9 189.8 203.7 210.1 228.2 239.4 256.6 259.2 233.8 18.6 17.9 16.7 15.2 11.5 10.2 10.6 10.5 10.2 11.1 13.4 14.7 16.4 241.9 281.8 284.3 307.8 333.9 372.9 407.2 442.6 474.6 481.6 40.1 40.1 37.4 36.7 36.1 34.6 35.2 35.5 35.5 33.7 35.4 34.8 35.5 Exports Imports 281.9 298.6 286.2 292.3 304.3 353.1 389.1 435.9 504.8 549.6 46.0 45.9 44.0 43.7 41.6 40.9 40.3 40.6 40.2 40.8 41.2 41.5 41.6 199.2 223.7 221.8 231.1 250.4 291.2 313.5 349.0 375.2 405.3 34.4 33.9 33.0 32.4 30.9 30.3 30.0 29.8 29.4 30.0 30.3 30.3 30.5 Goods, Census basis Goods ¥328.8 ¥436.1 ¥411.9 ¥468.3 ¥532.4 ¥650.9 ¥767.5 ¥828.0 ¥808.8 ¥816.2 ¥69.5 ¥69.6 ¥52.5 ¥51.9 ¥46.5 ¥36.0 ¥37.7 ¥38.7 ¥35.9 ¥37.1 ¥41.5 ¥40.8 ¥46.5 ¥347.8 ¥454.7 ¥429.9 ¥482.8 ¥549.0 ¥671.8 ¥790.9 ¥847.3 ¥831.0 ¥840.3 ¥71.7 ¥71.4 ¥54.3 ¥53.2 ¥47.6 ¥37.2 ¥39.2 ¥39.9 ¥37.2 ¥38.3 ¥42.8 ¥42.0 ¥47.6 Services 82.7 74.9 64.4 61.2 54.0 61.8 75.6 86.9 129.6 144.3 11.5 12.0 11.0 11.3 10.6 10.6 10.3 10.8 10.8 10.8 10.9 11.2 11.1 Goods and services ¥265.1 ¥379.8 ¥365.5 ¥421.6 ¥495.0 ¥610.0 ¥715.3 ¥760.4 ¥701.4 ¥695.9 ¥60.1 ¥59.4 ¥43.2 ¥41.9 ¥37.0 ¥26.6 ¥28.9 ¥29.1 ¥26.4 ¥27.5 ¥31.9 ¥30.8 ¥36.5 Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis). 35 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00035 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.035 ECOIND U.S. INTERNATIONAL TRANSACTIONS In the second quarter of 2009, the goods deficit fell to $115.5 billion, from $124.0 billion in the first quarter. The current account deficit fell to $98.8 billion in the second quarter, from $104.5 billion in the first quarter. [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)] Period Exports Balance on goods Net military transactions 2 Net travel and transportation Income receipts and payments Other services, net Balance on goods and services Receipts Payments Balance on income Unilateral current transfers, net 3 Balance on current account .............. .............. ............. ............. ............. ............. ............. ............. ............. ............. 683,965 771,994 718,711 685,170 715,848 806,161 892,337 1,015,812 1,138,384 1,276,994 ¥1,031,784 ¥1,226,684 ¥1,148,609 ¥1,168,002 ¥1,264,860 ¥1,477,996 ¥1,683,188 ¥1,863,072 ¥1,969,375 ¥2,117,245 ¥347,819 ¥454,690 ¥429,898 ¥482,831 ¥549,012 ¥671,835 ¥790,851 ¥847,260 ¥830,992 ¥840,252 2,593 317 ¥2,296 ¥7,158 ¥11,981 ¥13,518 ¥10,536 ¥7,119 ¥7,384 ¥13,881 7,085 2,486 ¥3,254 ¥4,245 ¥11,475 ¥14,275 ¥13,006 ¥10,873 2,345 16,175 73,051 72,052 69,943 72,633 77,433 89,640 99,124 104,893 134,609 142,021 ¥265,090 ¥379,835 ¥365,505 ¥421,601 ¥495,034 ¥609,987 ¥715,268 ¥760,359 ¥701,422 ¥695,936 293,925 350,918 290,797 280,942 320,456 413,739 535,263 682,221 818,931 764,637 ¥280,037 ¥329,864 ¥259,075 ¥253,544 ¥275,147 ¥346,519 ¥462,905 ¥634,136 ¥728,085 ¥646,406 13,888 21,054 31,722 27,398 45,309 67,219 72,358 48,085 90,845 118,231 ¥50,428 ¥58,645 ¥64,487 ¥64,948 ¥71,794 ¥88,362 ¥105,772 ¥91,273 ¥115,996 ¥128,363 ¥301,630 ¥417,426 ¥398,270 ¥459,151 ¥521,519 ¥631,130 ¥748,683 ¥803,547 ¥726,573 ¥706,068 2006: I ........ II ....... III ..... IV ..... 243,445 252,086 255,925 264,355 ¥454,618 ¥463,797 ¥476,361 ¥468,296 ¥211,173 ¥211,710 ¥220,435 ¥203,941 ¥2,148 ¥1,660 ¥2,021 ¥1,290 ¥2,999 ¥2,902 ¥2,563 ¥2,410 24,697 25,100 25,728 29,367 ¥191,622 ¥191,172 ¥199,290 ¥178,276 155,212 169,459 175,572 181,978 ¥141,245 ¥156,657 ¥166,195 ¥170,039 13,967 12,802 9,377 11,938 ¥20,995 ¥23,708 ¥24,876 ¥21,693 ¥198,651 ¥202,078 ¥214,789 ¥188,031 2007: I ........ II ....... III ..... IV ..... 269,538 277,655 289,160 302,031 ¥475,571 ¥483,294 ¥494,075 ¥516,435 ¥206,033 ¥205,639 ¥204,915 ¥214,404 ¥933 ¥2,912 ¥2,593 ¥946 ¥1,642 ¥899 1,241 3,644 30,570 31,891 34,802 37,346 ¥178,038 ¥177,560 ¥171,465 ¥174,360 186,981 202,312 213,505 216,132 ¥177,234 ¥189,531 ¥185,098 ¥176,220 9,747 12,781 28,407 39,912 ¥30,807 ¥25,752 ¥28,557 ¥30,883 ¥199,098 ¥190,531 ¥171,614 ¥165,330 2008: I ........ II ....... III ..... IV ..... 315,637 332,876 337,912 290,569 ¥534,482 ¥554,372 ¥559,002 ¥469,389 ¥218,846 ¥221,496 ¥221,090 ¥178,820 ¥2,543 ¥3,055 ¥4,664 ¥3,618 3,076 4,922 5,595 2,581 35,659 36,784 34,217 35,363 ¥182,653 ¥182,847 ¥185,942 ¥144,495 202,927 198,796 195,319 167,596 ¥166,241 ¥172,521 ¥161,194 ¥146,450 36,686 26,274 34,125 21,146 ¥33,330 ¥31,147 ¥32,361 ¥31,527 ¥179,298 ¥187,719 ¥184,178 ¥154,875 2009: I ........ II p ..... 249,374 246,134 ¥373,411 ¥361,621 ¥124,036 ¥115,487 ¥3,017 ¥2,783 1,985 2,993 32,661 32,272 ¥92,408 ¥83,004 135,352 ¥117,051 133,019 ¥116,581 18,301 16,438 ¥30,343 ¥32,226 ¥104,450 ¥98,792 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 hsrobinson on DSK69SOYB1PROD with HEARING Imports Services 1 Adjusted from Census data for differences in timing and coverage; excludes military. under U.S. military agency sales contracts (exports) minus direct defense expenditures (imports). 2 Transfers 3 Includes transfers of goods and services under U.S. military grant programs. See p. 37 for continuation of table. 36 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 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 $34.4 billion in the second quarter of 2009, following an increase of $89.4 billion in the first quarter. U.S. liabilities to private foreigners reported by U.S. banks, excluding Treasury securities, decreased $144.4 billion in the second quarter, following a decrease of $163.8 billion in the first quarter. [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)] Financial account Period Total hsrobinson on DSK69SOYB1PROD with HEARING 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2006: ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... I .... II ... III IV .. 2007: I .... II ... III IV .. 2008: I .... II ... III IV .. 2009: I .... II p ¥4,939 ¥504,062 ¥1,010 ¥560,523 11,922 ¥382,616 ¥1,470 ¥294,646 ¥3,480 ¥325,424 1,323 ¥1,000,870 11,344 ¥546,631 ¥3,906 ¥1,285,729 ¥1,895 ¥1,472,126 953 ¥106 ¥1,721 ¥387,689 ¥1,017 ¥223,953 ¥539 ¥295,389 ¥629 ¥378,698 ¥549 ¥485,867 ¥124 ¥545,158 ¥625 ¥192,530 ¥597 ¥248,571 ¥637 ¥251,501 ¥682 107,343 2,967 29,322 ¥695 114,730 ¥710 94,734 ¥693 41,865 Statistical discrepancy Foreign-owned assets in the U.S., excluding financial derivatives [increase/financial inflow (+)] U.S. official reserve assets 4 Other U.S. Government assets 8,747 ¥290 ¥4,911 ¥3,681 1,523 2,805 14,096 2,374 ¥122 ¥4,848 513 ¥560 1,006 1,415 ¥72 26 ¥54 ¥22 ¥276 ¥1,267 ¥179 ¥3,126 ¥982 ¥3,632 2,750 ¥515,559 ¥941 ¥559,292 ¥486 ¥377,219 345 ¥291,310 537 ¥327,484 1,710 ¥1,005,385 5,539 ¥566,266 5,346 ¥1,293,449 ¥22,273 ¥1,449,731 ¥529,615 534,357 1,049 ¥389,251 1,765 ¥225,158 1,570 ¥297,965 962 ¥381,075 445 ¥486,240 ¥596 ¥544,588 623 ¥193,099 ¥22,744 ¥225,805 3,268 ¥254,493 ¥41,592 150,202 ¥225,997 255,498 ¥265,293 383,150 244,102 ¥148,387 193,862 ¥148,365 U.S. private assets Total 742,210 1,038,224 782,870 795,161 858,303 1,533,201 1,247,347 2,065,169 2,129,460 534,071 545,648 407,652 525,441 586,428 700,961 737,457 278,424 412,618 426,058 2,003 117,897 ¥11,888 ¥67,757 16,393 4 Consists of gold, special drawing rights (SDRs), foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF). Foreign official assets 43,543 42,758 28,059 115,945 278,069 397,755 259,268 487,939 480,949 487,021 130,427 127,303 121,843 108,366 165,837 88,331 47,674 179,107 208,646 178,826 115,573 ¥16,024 70,892 124,989 Other foreign assets 698,667 995,466 754,811 679,216 580,234 1,135,446 988,079 1,577,230 1,648,511 47,050 415,221 280,349 403,598 478,062 535,124 649,126 230,750 233,511 217,412 ¥176,823 2,324 4,136 ¥138,649 ¥108,596 Financial derivatives, net Total (sum of the items with sign reversed) .................. .................. .................. .................. .................. .................. .................. 29,710 6,222 ¥28,905 1,633 14,090 15,134 ¥1,147 14,795 ¥1,007 5,942 ¥13,508 ¥7,966 ¥2,355 ¥4,075 ¥14,509 8,407 .................. 68,421 ¥59,265 ¥13,906 ¥39,894 ¥7,880 97,476 36,623 ¥1,698 64,912 200,055 40,780 5,305 ¥29,858 ¥17,924 ¥30,242 ¥637 80,403 15,388 13,344 81,410 38,067 67,236 69,777 41,227 Of which: Seasonal adjustment discrepancy .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. 9,315 ¥2,443 ¥19,305 12,434 10,399 ¥528 ¥23,938 14,066 14,659 ¥3,037 ¥25,884 14,264 10,571 ¥1,677 U.S. official reserve assets, net 4 (unadjusted, end of period) 71,516 67,647 68,654 79,006 85,938 86,824 65,127 65,895 70,565 77,648 65,354 67,935 66,217 65,895 66,551 66,127 69,070 70,565 75,764 75,740 71,834 77,648 74,958 81,686 Sources: Department of Commerce (Bureau of Economic Analysis) and Department of the Treasury. 37 VerDate Nov 24 2008 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00037 Fmt 3401 Sfmt 3401 E:\HR\OC\ECOIND.037 ECOIND g:\graphics\eecoind.037 U.S.-owned assets abroad, excluding financial derivatives [increase/financial outflow (¥)] Capital account transactions, net Contents Page TOTAL OUTPUT, INCOME, AND SPENDING Gross Domestic Product .......................................................................................................................................................................................... Real Gross Domestic Product .................................................................................................................................................................................. Chained Price Indexes for Gross Domestic Product ................................................................................................................................................ Gross Domestic Product and Related Price Measures: Indexes and Percent Changes .............................................................................................. Nonfinancial Corporate Business—Gross Value Added and Price, Costs, and Profits ............................................................................................. National Income ...................................................................................................................................................................................................... Real Personal Consumption Expenditures ............................................................................................................................................................... Sources of Personal Income ...................................................................................................................................................................................... Disposition of Personal Income ............................................................................................................................................................................... Farm Income ............................................................................................................................................................................................................ Corporate Profits ...................................................................................................................................................................................................... Real Gross Private Domestic Investment ................................................................................................................................................................ Real Private Fixed Investment by Type .................................................................................................................................................................. Business Investment ................................................................................................................................................................................................ 1 2 2 3 3 4 4 5 6 7 8 9 10 10 EMPLOYMENT, UNEMPLOYMENT, AND WAGES Status of the Labor Force ......................................................................................................................................................................................... Selected Unemployment Rates ................................................................................................................................................................................ Selected Measures of Unemployment and Unemployment Insurance Programs ...................................................................................................... Nonagricultural Employment .................................................................................................................................................................................. Average Weekly Hours, Hourly Earnings, and Weekly Earnings—Private Nonagricultural Industries ................................................................. Employment Cost Index—Private Industry ............................................................................................................................................................. Productivity and Related Data, Business Sector ...................................................................................................................................................... 11 12 13 14 15 15 16 PRODUCTION AND BUSINESS ACTIVITY Industrial Production and Capacity Utilization ....................................................................................................................................................... Industrial Production—Major Market Groups and Selected Manufactures .............................................................................................................. New Construction .................................................................................................................................................................................................... New Private Housing and Vacancy Rates ............................................................................................................................................................... Business Sales and Inventories—Manufacturing and Trade ..................................................................................................................................... Manufacturers’ Shipments, Inventories, and Orders ................................................................................................................................................. 17 18 19 19 20 21 PRICES Producer Prices ........................................................................................................................................................................................................ Consumer Prices—All Urban Consumers ................................................................................................................................................................ Changes in Producer Prices for Finished Goods ...................................................................................................................................................... Changes in Consumer Prices—All Urban Consumers ............................................................................................................................................. Prices Received and Paid by Farmers ...................................................................................................................................................................... 22 23 24 24 25 MONEY, CREDIT, AND SECURITY MARKETS Money Stock and Debt Measures ............................................................................................................................................................................. Components of Money Stock ................................................................................................................................................................................... Aggregate Reserves and Monetary Base ................................................................................................................................................................... Bank Credit at All Commercial Banks .................................................................................................................................................................... Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business .................................................................................................................. Consumer Credit ...................................................................................................................................................................................................... Interest Rates and Bond Yields ............................................................................................................................................................................... Common Stock Prices and Yields ............................................................................................................................................................................ 26 27 27 28 29 29 30 31 FEDERAL FINANCE Federal Receipts, Outlays, and Debt ....................................................................................................................................................................... Federal Receipts by Source and Outlays by Function .............................................................................................................................................. Federal Sector, National Income Accounts Basis ..................................................................................................................................................... 32 33 34 INTERNATIONAL STATISTICS Industrial Production and Consumer Prices—Major Industrial Countries ............................................................................................................... U.S. International Trade in Goods and Services ...................................................................................................................................................... U.S. International Transactions ................................................................................................................................................................................ 35 35 36 hsrobinson on DSK69SOYB1PROD with HEARING General Notes Detail in these tables may not add to totals because of rounding. Unless otherwise noted, all dollar figures are in current dollars. Symbols used: p Preliminary. r Revised. c Corrected. … Not available (also, not applicable). NSA not seasonally adjusted. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. Price $5.00 (single copy) ($7.00 foreign). Subscription price: $58.00 per year; $81.20 for foreign mailing. 38 VerDate Nov 24 2008 U.S. GOVERNMENT PRINTING OFFICE : 2009 53–804 21:49 Dec 08, 2009 Jkt 053804 PO 00000 Frm 00038 Fmt 3438 Sfmt 3438 E:\HR\OC\ECOIND.038 ECOIND
@FedFRASER