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M O N T H L Y LA B O R R E V IE W In this issue: U S. Department of Labor Bureau of Labor Statistics April 1984 Im port and export prices, em p lo ym en t in services, and surviving s p o u se’s pension b en efits https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis U.S. DEPARTMENT OF LABOR Raymond J. Donovan, Secretary BUREAU OF LABOR STATISTICS Janet L. Norwood, C om m issioner The Monthly Labor Review is published by the Bureau of Labor Statistics of the U.S. Department of Labor. Communications on editorial matters should be addressed to the Editor-in-Chief, Monthly Labor Review, Bureau of Labor Statistics, Washington, D.C. 20212. Phone: (202) 523-1327. Subscription price per year—$26 domestic; $32.50 foreign. Single copy $5, domestic; $6.25, foreign. Subscription prices and distribution policies for the Monthly Labor Review (ISSN 0098-1818) and other Government publications are set by the Government Printing Office, an agency of the U.S. Congress. Send correspondence on circulation and subscription matters (including address changes) to: Superintendent of Documents, Government Printing Office, Washington, D.C. 20402 Make checks payable to Superintendent of Documents. The Secretary of Labor has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. Use of funds for printing this periodical has been approved by the Director of the Office of Management and Budget through April 30, 1987. Second-class postage paid at Washington, D.C. and at additional mailing addresses. Regional Commissioners for Bureau of Labor Statistics Region I—-Boston: Anthony J. Ferrara 1603 JFK Federal Building, Government Center, Boston, Mass. 02203 Phone: (617) 223-6761 Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont Region II— New York: Samuel M. Ehrenhalt 1515 Broadway, Suite 3400, New York, N.Y. 10036 Phone: (212) 944-3121 New Jersey New York Puerto Rico Virgin Islands Region III— Philadelphia: Alvin I. Margulis 3535 Market Street P.O. Box 13309, Philadelphia, Pa. 19101 Phone: (215) 596-1154 Delaware District of Columbia Maryland Pennsylvania Virginia West Virginia Region IV—Atlanta: Donald M. Cruse 1371 Peachtree Street, N.E., Atlanta, Ga. 30367 Phone: (404) 881-4418 Alabama Florida Georgia Kentucky Mississippi North Carolina South Carolina Tennessee Region V— Chicago: William E. Rice 9th Floor, Federal Office Building, 230 S. Dearborn Street, Chicago, III. 60604 Phone: (312) 353-1880 Illinois Indiana Michigan Minnesota Ohio Wisconsin Region VI— Dallas: Bryan Richey Second Floor, 555 Griffin Square Building, Dallas, Tex. 75202 Phone: (214) 767-6971 Arkansas Louisiana New Mexico Oklahoma Texas April cover: Detail (front cover) and complete picture (back cover), Awakening N ig h t, a 1949 opaque watercolor by Mark Tobey (1890-1976), from MARK TOBEY: CITY PAINTINGS, an exhibition on display from March 18 through June 3, 1984 at the East Building of the National Gallery of Art, Washington, D.C.; photograph courtesy of the gallery. Window design and cover layout by Melvin B. Moxley https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Regions VII and VIII— Kansas City: Elliott A. Browar 911 Walnut Street, Kansas City, Mo. 64106 Phone: (816) 374-2481 VII Iowa Kansas Missouri Nebraska VIII Colorado Montana North Dakota South Dakota Utah Wyoming Regions IX and X— San Francisco: Sam M. Hirabayashi 450 Golden Gate Avenue, Box 36017, San Francisco. Calif. 94102 Phone: (415) 556-4678 IX American Samoa Arizona California Guam Hawaii Nevada Trust Territory of the Pacific Islands X Alaska Idaho Oregon Washington RESEARCH LIBRARY Federal Reserve Bank of St. Louis MONTHLY LABOR REVIEW APRIL 1984 VOLUME 107, NUMBER 4 Henry Lowenstern, Editor-in-Chief Robert W. Fisher, Executive Editor APR 2 6 1984 Mark J. Johnson 3 Strong dollar, recovery mark international prices in 1983 Energy cost drop and struggle of developing nations to service debt also affected prices of imports and exports; BLS introduced an all-commodities export index Michael Urquhart 15 The employment shift to services: where did it come from? Services did not gain all of its jobs from those lost in farm, goods-producing sectors; employment growth stemmed largely from expansion of the labor force Donald Bell, Avy Graham https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 23 Surviving spouse’s benefits in private pension plans Spouse's minimum lifetime annuity equals about two-fifths of worker's accrued benefits; many spouses receive a smaller proportion, or may not be covered at all Robert Evans, Jr. 32 ‘Lifetime earnings’ in Japan for the class of 1955 Those who followed a ‘lifetime’ employment pattern have received higher earnings than job changers, despite the decline in returns for education and tenure Richard B. Carnes 37 Productivity in meatpacking and prepared meats industry During 1967-82, industry restructuring brought on by the introduction of boxed beef and increases in capital expenditures per employee boosted output per hour REPORTS Arlene Holen 43 Federal Supplemental aid and Unemployment Insurance recipients DEPARTM ENTS 2 43 46 48 52 57 Labor month in review Research summaries Major agreements expiring next month Developments in industrial relations Book reviews Current labor statistics Labor M onth In Review KLEIN AWARDS. Lawrence R. Klein, now a resident of Tuscon, Ariz., presented the awards that bear his name at bls honor award ceremonies, March 27, in Washington, D.C. Klein presented the award for the best original Monthly Labor Review article written by a bls author and published during 1983 to three bls economists: Richard W. Riche of the Office of Productivity and Technology, Daniel E. Hecker of the Office of Economic Growth and Employment Projections, and John U. Burgan of the Office of Em ploym ent and Unem ploym ent Statistics for “ High technology today and tomorrow: a small slice of the employment pie,” published in the November issue. Other winners of Klein awards were authors of two articles written outside of BLS, Koji Taira of the University of Il linois for “ Japan’s low unemployment: economic miracle or statistical artifact?” published in the July issue, and Michele M. Hoyman of the Univer sity of Missouri and Lamont E. Stallworth of Loyola University for “ Arbitrating discrimination grievances in the wake of Gardner-Denver,” in the October issue. Two bls authors cited for honorable mention were George Ruben of the Of fice of Wages and Industrial Relations for “ Collective bargaining in 1982: results dictated by the economy,” in the January issue, and for “ Developments in industrial relations” written for the Review throughout the year, and Philip L. Rones of the Office of Employment and Unemployment Statistics for “ The labor m arket problems of older workers,” in the May issue. employment in the 1970’s and through the mid-1990’s. Their study indicates that: • Employment in high tech in dustries increased faster than average industry growth during the 1972-82 period. • High tech industries accounted for a relatively small proportion of all new jobs nationwide, but provid ed a significant proportion of all new jobs in some States and com munities. • About 6 out of 10 high tech jobs are located in the 10 most populous States. • States with relatively high propor tions of employment in high tech industries are generally small; most are in the Northeast. • Through 1995, employment in high tech industries is projected to grow somewhat faster than in the economy as a whole. • High tech industries, even broadly defined, will account for only a small proportion of new jobs through 1995. • Scientific and technical workers, while critical to the growth of in dustry and the economy, will ac count for only 6 percent of all new jobs through 1995. The Taira article finds that Japanese workers statistically move from employ ment to out of the labor force, bypassing unemployment and that their unemploy ment rates are comparatively low, even when the data are adjusted using U.S. concepts of unemployment. Taira ex amines the ways in which unemployment is defined and counted in Japan. Discus sions of unemployment by sex and age, and labor redundancy are also included. The Riche, Hecker, and Burgan article presents various concepts of high technology and considers its effects on 2 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The Hoyman and Stallworth article em pirically examines the state of discrimination grievance arbitration in the aftermath of the Supreme Court’s 1974 Gardner-Denver decision, as perceived by a sample of attorneys who typically represent either management or labor in grievance arbitration. The data from the authors’ study indicate that “ Gardner-Denver has had more of a procedural effect than a substantive ef fect of the arbitral process. Relitigation has not occurred in the majority of cases, and where it did occur in either the administrative or judicial forum, the determination of the arbitrator was rare ly contradicted. If the frequency of relitigation and reversal is an indicator of the effect of Gardner-Denver, it seems reasonable to conclude that ar bitration still serves as a viable dispute settlement device for the resolution of Title Vll-related grievances.” Purpose of the award. The Klein Award Fund was established in honor of Lawrence R. Klein, editor-in-chief of the Monthly Labor Review for 22 years until his retirement in 1968. Instead of accept ing a retirement gift, Klein donated it and matched the amount collected to initiate the fund. Since then, he has con tributed regularly as have others. The purpose of the fund is to encourage Review articles that (1) exhibit originali ty of ideas or method of analysis (2) adhere to the principles of scientific in quiry, and (3) are well written. Since 1969, fund trustees have presented awards to the authors of 30 Review ar ticles. Awards carry cash prizes of $200 for each winning article. Tax-deductible contributions to the Klein Fund may be sent to Ben Burdetsky, Secretary-Treasurer, Lawrence R. Klein Fund, c/o School of Government and Business Administration, The George W ashington U niversity, Washington, D.C. 20052. □ Robust growth and the strong dollar set pattern for 1983 import and export prices Declining energy costs, the slower pace of recovery abroad, and developing nations' efforts to service heavy international debt loads were also importantfactors in price developments; a new all-commodities export price index was published for the fourth quarter M a r k J. J o h n s o n U.S. import prices, as measured by the International Price Program of the Bureau of Labor Statistics, fell 2.4 percent in 1983. (See table 1.) Declining energy prices and the continued appreciation of the dollar against other currencies pulled prices downward, although the robust U.S. economic recovery placed some upward pressure on prices. The drop in U.S. import prices was an important factor in the slow down of domestic inflation in 1983, as measured by the Consumer Price Index and the Producer Price Index. The U.S. all-commodities export price index, which was published for the first time with the release of fourth-quarter 1983 data, fell 0.4 percent during the last 3 months of the year. (See table 2.) The new all-export index provides full coverage of U.S. merchandise exports; services and military goods are not included. Key individual export price indexes showing increases in 1983 were those for grain and for machinery and transport equipment, while the index for bituminous coal exports declined 14.2 percent. Export prices were greatly influenced by the strong U.S. dollar, the rel atively slow pace of economic recovery abroad, and reduced Mark J. Johnson is an economist in the Division of International Prices, Bureau o f Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis demand for U.S. products by developing nations with heavy international debt loads. The price indexes discussed in this article are not sea sonally adjusted, and are based on transaction price infor mation provided by a sample of U.S. importers and exporters. They represent 100 percent of the value of all imported and exported products. Indexes are published for detailed and aggregate categories of imports and exports.1 General import and export trends Because energy prices account for approximately onethird of the weight of the all-import price index, their 11.3percent decline during 1983 was a major factor in the drop in this index. When energy products are excluded, U.S. import prices rose 2.1 percent. This increase was led by the indexes for intermediate manufactures and for machinery and transport equipment, which rose 3.7 and 2.5 percent, respectively. The strong U.S. economic recovery in 1983 also had a major impact on import prices. The recovery was fueled by consumer spending, as personal consumption expenditures rose 8.4 percent above 1982 levels.2 Some of this increased spending was for imported goods. Of particular importance were sales of interest rate-sensitive items such as autos, 3 MONTHLY LABOR REVIEW April 1984 • 1983 Import and Export Prices Table 1. Change in selected import price indexes in 1983, and commodity shares of total 1980 trade value Commodity Share of total 1980 trade value All commodities 100.000 All commodities except fuels and related products . . F o o d ........................... Meat ...................... Meat of bovine animals . . . . Other prepared or preserved m e a t.............. Sugar, sugar preparations, and honey . . . . Coffee, tea, and cocoa ................ Coffee and coffee substitutes . . Coffee ........... Tea and mate . . T e a ................ Fuels and related p ro d u c ts ................ Crude petroleum . . . . Gas, natural and remanufactured . Natural gas and liquified natural gas ........... Perce nt change in— All of 1983 First quarter - 2 .4 - 2 .8 Second quarter 0.2 Third quarter - 0 .3 Fourth quarter 0.5 67.223 2.1 1.0 1.0 - 0 .4 0.5 6.554 0.977 3.8 - 6 .5 1.1 - 1 .0 0.1 - 2 .9 1.3 1.1 1.2 - 3 .8 0.652 -1 .1 2.8 3.6 - 0 .5 - 6 .7 0.234 -1 3 .0 - 3 .2 -1 1 .0 1.7 - 0 .8 0.925 4.5 0.0 3.9 1.5 - 0 .8 2.241 17.8 2.2 1.7 4.0 9.0 1.746 1.644 0.054 0.054 6.8 7.9 42.8 43.0 - 2 .5 - 2 .8 4.8 4.8 0.7 1.3 4.8 4.7 0.9 0.7 1.8 1.9 7.7 8.7 27.7 27.8 32.776 -1 1 .3 -1 0 .2 - 1 .6 -0 .1 0.5 25.799 -1 2 .7 -1 0 .8 - 2 .3 - 0 .5 0.7 2.069 <1) (1) (1) (1) -1 1 .2 - 0 .2 -1 0 .2 - 8 .4 1.642 (’ ) 8.2 Commodity Intermediate manufactured products . . . . Nonmetallic mineral manufactures . . . Precious and semiprecious stones, and pearls ...................... Diamonds, cut and polished . . Iron and steel ................ Nonferrous metals . . . . Silver, platinum, and other metals of the platinum group . . . Copper ......................... Z in c .............................. Machinery and transport equipment . . . Office machines and automatic data processing ( a d p ) equipment .... Parts for a d p equipment .............. Telecommunications e q u ip m e n t................... Electrical machinery and e q u ip m e n t................... Road vehicles and p a rts ...................... Passenger automobiles ................... Share of total 1980 trade value Percent change in— All of 1983 First quarter Second quarter Third quarter Fourth quarter 13.520 3.7 1.3 1.6 0.8 0.0 1.944 6.1 3.1 2.8 0.1 0.0 1.127 (1) (1) (1) 0.937 3.127 3.123 11.9 1.8 10.2 3.9 - 2 .0 6.9 6.3 - 0 .3 5.8 2.6 0.2 2.2 - 1 .2 3.9 - 4 .5 1.037 0.581 0.135 6.0 6.3 19.4 13.6 7.6 - 1 .2 3.0 8.2 0.1 4.4 -1 .1 7.2 -1 3 .3 - 7 .7 12.6 25.442 2.5 1.8 0.8 - 1 .2 1.2 (1) (1) 1.217 4.1 2.6 - 0 .2 - 1 .4 3.1 0.431 10.7 5.9 0.0 - 0 .3 4.8 2.785 - 1 .2 0.6 0.5 - 0 .7 - 1 .7 3.396 - 1 .2 - 0 .5 1.9 - 2 .0 - 0 .5 10.887 4.1 1.7 0.4 - 0 .7 2.6 7.201 4.9 1.3 0.6 - 0 .4 3.3 ’ Data are not available. housing, and consumer durables, which showed substantial increases over 1982 levels: 1983 auto sales were 15 percent above 1982 levels, and housing starts, up 60.3 percent over 1982, reached their highest level since 1979.3 This increased activity stimulated demand for a host of related commodi ties, many of them imports. For example, auto production spurred demand for such imported items as steel, aluminum, rubber, and engines, while the increase in housing starts boosted sales for foreign suppliers of lumber, copper, and appliances. Recent years have seen a substantial appreciation of the dollar against the currencies of our major trading partners. From its low in July 1980 to December 1983, the dollar’s trade-weighted exchange rate rose 33.5 percent.4 (See chart 1.) Over the same period, the dollar rose 617.2 percent against the Mexican peso, 106.7 percent against the French franc, 57.4 percent against the German Deutschemark, and 6.1 percent against the Japanese yen.5 This appreciation made imports less expensive while driving up the price of U.S. exports in foreign markets. (See chart 2.) Worldwide economic recovery lagged that of the United States, further dampening demand for U.S. exports. U.S. merchandise exports were $200.0 billion in 1983, down 5.3 percent from 1982.6 In particular, many developing nations 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis experienced debt problems that forced them to cut back on purchases of U.S. goods. For example, Mexico, our third largest trading partner, purchased only $9.1 billion of U.S. goods in 1983, compared with $11.8 billion in 1982 and $18.2 billion in 1981.7 Other important U.S. trading part ners with debt problems were Brazil, Argentina, and Bo livia. Several o p e c nations were forced to curb imports as oil revenues declined. Furthermore, many of our major trad ing partners in Europe, especially West Germany, Britain, and France, experienced little economic growth in 1983. The decline in U.S. merchandise exports was a key factor in the record $60.6 billion 1983 merchandise trade deficit, which far surpassed the previous high of $36.4 billion in 1982.8 Widening the merchandise trade gap was growth in de mand for imports by U.S. consumers and producers as the Nation led economic recovery from the worldwide reces sion. U.S. 1983 merchandise imports were $260.6 billion, 5.2 percent more than in 1982.9 Although crude oil imports fell to $36.8 billion in 1983 (from $45.9 billion in 1982), demand for nonoil imports rose sharply, by 10.9 percent, to $206.8 billion.10 Moreover, the U.S. current account, which incorporates the balance on merchandise trade and the balance on services (including payments and receipts of interest and dividends on international investments) set a record deficit of $40.8 billion following a deficit of $11.2 billion in 1982 and a surplus of $4.6 billion in 1981.11 Gross trade as a percentage of U. S. final goods production is a measure of the importance of foreign trade to the goods sector of the economy.12 During 1983, this figure was 28.1 percent, down from 29.3 percent in 1982 and 32.2 percent in 1981. (The comparable figure for 1970 was 16.6 percent.) Fuel leads import price decline https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 2. Change in selected export price indexes in 1983, and commodity shares of total 1980 trade value Percent change in— Share of total 1980 trade value All of 1980 All commodities . . . . 100.000 (1) (1) Commodity First quarter Second quarter Third quarter Fourth quarter <1) (1) - 0 .4 Food .................................... Grain and grain prepa rations ......................... Wheat ......................... Barley ......................... Yellow c o rn ................ Yellow sorghum . . . . 12.768 (1) (1) 5.1 7.6 - 3 .9 8.341 2.943 0.094 3.956 0.498 16.8 - 5 .0 32.1 34.5 18.3 7.2 - 1 .0 - 0 .6 13.1 10.0 6.8 0.2 13.0 11.2 11.2 7.7 1.8 21.6 12.8 0.8 - 5 .3 - 5 .9 - 3 .2 -5 .1 - 4.1 Crude materials ................ Oil s e e d s ......................... Soybeans ................... 10.948 3.024 2.716 (1) 35.8 36.8 (1) - 1 .8 0.2 (1) 7.1 7.0 14.5 40.8 41.1 -2 .1 8.3 9.1 Fuels and related products ......................... Bituminous coal ........... 3.691 2.088 (1) -1 4 .2 (1) - 2.6 (1) 10.2 (1) -1 .7 0.8 0.2 9.578 (1) (1) - 3 .6 0.6 1.6 3.2 2.2 Chemicals and related products ......................... Hydrocarbons and their derivatives ................ Machinery and transport equipment ...................... Metalworking machinery ................. General industrial machinery and parts ................... Heating and cooling e q u ip m e n t.............. Mechanical handling e q u ip m e n t.............. Telecommunications, sound recording and reproducing equipment ................ Telecommunications parts and accessories ........... 0.799 7.9 - 0 .8 3.1 35.261 2.5 0.4 0.5 0.4 1.0 0.829 1.6 0.8 0.5 -0 .1 0.3 4.939 1.6 0.8 0.3 0.3 0.3 1.087 -0 .1 0.3 0.1 -0 .1 0.4 1.172 2.6 0.7 0.2 1.2 0.5 1.590 1.9 0.7 0.5 0.8 -0 .1 1.225 CO CO Fuels and related products. Import prices for fuels and related products fell 11.3 percent in 1983, paced by a 12.7percent decline in crude oil prices and an 11.2-percent de cline in natural gas prices. (See chart 3.) Crude oil prices fell 10.8 percent during the first quarter, in response to the March 1983 decision by the Organization of Petroleum Ex porting Countries ( o p e c ) to cut its base price for a barrel of crude oil from $34 to $29. Pressure for this price cut had been building for 2 years in the form of excess supplies on world markets, increased substitution of other forms of en ergy for crude oil, stepped-up conservation in the major industrialized nations, and sluggish worldwide economic activity. However, the o p e c price cut did not restore stability to world oil markets. By year’s end, spot prices for many crudes were again below the official o p e c prices, as several o p e c nations attempted to maintain revenues by discounting their posted prices and making sales in excess of their quo tas. One method used was to offer buyers generous price reductions based on quality differentials between different grades of oil. U.S. refiners’ small profit margins on finished products forced them to be as stringent as possible on prices paid for crude oil supplies. And because they have excess refining capacity, including facilities for processing high-sulfur crudes, they had more flexibility in 1983 than in previous years regarding the source of their supplies, a fact which kept pressure on foreign producers to lower their prices. Mexico and Venezuela are chief U.S. suppliers of high-sulfur crude oil. In 1983, U.S. consumption of petroleum products fell 0.7 percent in its fifth consecutive annual decline, outpacing the last previous extended decline during 1930-32.13 Con servation even in the face of the vigorous economic recovery was the primary factor behind the drop in consumption. Gasoline sales rose slightly in 1983, after three consecutive years of decline, as retail gasoline prices fell and the U.S. auto fleet became increasingly fuel efficient. At the pump, average retail gasoline prices dropped 1.6 percent over the year.14 When the improved efficiency of the U.S. auto fleet is taken into account, gasoline costs per mile driven for U.S. consumers have declined substantially since 1980. Demand and prices for home heating oil and residual fuel also fell in 1983. The relatively warm 1983-84 winter, the continuing application of energy-efficiency techniques in homes, and the increased substitution of other fuel sources such as electricity, natural gas, and solar heat contributed to reduced consumption of home heating oil. During 1983, the average retail price of home heating oil was $1.17 per gallon, compared with $1.21 in 1982 and $1.25 in 1981.15 Residual fuel demand fell again in 1983 as utilities and industrial users continued to switch to other forms of power, such as coal, nuclear, and hydroelectric. The strong dollar had a major effect on world crude oil prices in 1983. Specifically, the dollar’s appreciation against the currencies of our major trading partners meant that those nations did not reap the full benefit of the cuts in posted dollar prices for oil. In fact, buyers in several nations found that oil prices in their currencies actually rose in 1983, because of the depreciation of their currencies against the dollar. This phenomenon acted to further depress world oil demand. The composition of U.S. oil imports continued to shift away from o p e c sources during 1983. In recent years, sev eral non-OPEC suppliers, primarily Britain, Mexico, Nor way, the Soviet Union, and Egypt, have brought increasingly large amounts of crude oil to world markets. In 1983, the U.S. purchased 37 percent of its imported crude oil and 1.9 0.7 0.8 -0 .1 1Data are not available. 5 MONTHLY LABOR REVIEW April 1984 • 1983 Import and Export Prices petroleum products from o p e c sources, compared with 42 percent in 1982 and 70 percent in 1977— the year of the greatest volume of oil imports.16 Leading suppliers in 1983 were Mexico, at 822 thousand barrels per day (bpd), Canada (542 thousand bpd), Venezuela (421 thousand bpd), and the United Kingdom (381 thousand bpd).17 Especially note worthy was the drop in imports from Saudi Arabia, which in 1983 was the fifth-ranked U.S. supplier at 336 thousand bpd, compared with imports of 552 thousand bpd in 1982 and 1.1 million bpd in 1981.18 Natural gas import prices fell steeply during the year because of large world surpluses. Strong resistance to high prices by U.S. purchasers led to a sharp drop in import prices for Canadian natual gas and the termination of a major contract for liquified natural gas ( l n g ) imports from Algeria. Food. The price index for food imports advanced 3.8 per cent during 1983, led by a 17.8-percent increase in the index for coffee, tea, and cocoa and a 4.5-percent rise in the sugar and honey index. Partially offsetting these increases was a 6.5-percent decline in prices for imported meat. U.S. im ports of food products were $15.4 billion for the year, up from $14.5 billion in 1982.19 The food index, which had risen 0.2 percent in 1982, is one of the most volatile com ponents of the all-import index, reflecting the impact of climatic conditions and the difficulties inherent in food pro duction, transportation, and marketing. The import index for coffee, tea, and cocoa rose 9.0 percent in the fourth quarter alone. Coffee prices, which advanced 7.9 percent for the year, gained 8.7 percent in the fourth quarter. The fourth-quarter hike in coffee prices re sulted from a Federal Government crackdown on smugglers seeking to evade limits imposed by U.S. participation in the International Coffee Agreement, a strong seasonal pickup in demand by roasters, a depletion of stockpiles, and a shortage of high quality beans.20 Cocoa price increases re flected the dry weather which slowed the growth of crops in Ghana, the Ivory Coast, and Nigeria. Tea prices rose 43.0 percent for the year, with 27.8 percent of the price increase occurring in the fourth quarter. Price hikes for imported tea were the result of strong seasonal demand in the summer and reduced exports by Sri Lanka and Indonesia, two major suppliers. Meat prices fell 6.5 percent in 1983, after declining 0.4 percent the previous year. This index often registers volatile price movements. The 1983 decrease was heavily influenced by increases in input prices for feed grains, and the impact of weather conditions on herds. Beef and veal prices fell 4.3 percent during the year, reflecting sluggish demand, low wholesale beef prices, and large domestic slaughters in re- Chart 1. Trade-weighted exchange rate index for the U.S. dollar, quarterly averages, 1970-83 (1980-82 = 100) NOTE: Index is based on 1980 U.S. bilateral trade weights. SOURCE: International Economics D epartment. Morgan Guaranty Trust Co. 6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Chart 2. Quarterly U.S. dollar and foreign currency price indexes for U.S. exports of machinery and transportation equipment, 1979-83 NOTE: The U.S. dollar index reflects dollar prices received by U.S. exporters The foreign currency index is based on foreign currency prices paid for U.S exports by foreign buyers SOURCE: Bureau of Labor Statistics, based on data from the Bureau and from the Morgan Guaranty Trust Co sponse to drought-induced feed shortages. The index for other prepared or preserved meat, which includes canned hams and shoulders, fell 13.0 percent for the year, as abun dant supplies of pork continued to hold down prices world wide. Pork prices also were affected by the scarcity of corn and feed grains, which precipitated greater domestic hog slaughters. In 1983, Denmark continued to increase its lead over Poland as the major supplier of pork products to the United States. In 1981, Denmark had exported 26 percent more ham and shoulders to the United States than Poland, but by 1983, Danish exports of such products were ap proximately double the Polish volume.21 Demand for, and prices of, imported chickens increased late in the year, as a deadly form of avian influenza decimated U.S. flocks. Rising demand and limited supplies resulted in higher prices for imported sugar. Due to adjustments in Federal quotas on sugar imports, 10.5 percent less sugar was im ported in 1983 than in 1982.22 This development, combined with an increase in demand, boosted sugar prices. Further more, imports of certain types of sugar-containing formu lations, which had been entering the country through a loophole in the existing quotas, were banned in June, further cutting supplies. Moderating prices somewhat was the com mercial introduction of the new low-calorie sweetener, as partame, by several major soft-drink manufacturers. This https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tended to dampen speculative activity in sugar, as the use of aspartame, a close sugar substitute, decreases sugar con sumption. Intermediate manufactured products. Prices for interme diate manufactures rose 3.7 percent in 1983. These products include nonferrous metals, wood, cork, textiles, iron and steel, glassware, paperboard, and many other basic inputs to manufacturing processes. The increase in the intermediate manufactures index was led by a 10.2-percent advance in nonferrous metals prices and a 6.1-percent price rise for nonmetallic mineral manufactures. Tempering these in creases was a 1.8-percent increase in prices for imported iron and steel. After rising 13.0 percent in the first half of 1983, the nonferrous metals index fell in the second half as silver and copper prices dropped on world markets. Because nonfer rous metals, which also include aluminum, zinc, nickel, and lead, are used extensively as basic inputs in many manu facturing processes, their prices are heavily affected by the level of general economic activity. During 1982, a year of worldwide recession, prices for several of these metals (most notably copper, lead, zinc, and nickel) had remained ex tremely low. In 1983, the buoyant U.S. economic recovery had a large positive effect on prices of those metals which 7 MONTHLY LABOR REVIEW April 1984 • 1983 Import and Export Prices are used heavily in the production of consumer goods, such as aluminum and zinc. However, metals for which demand is dependent on the level of capital spending (such as copper) or speculation (such as silver) did not fare as well; in the case of several, most notably copper, lead, and nickel, world prices remained below production costs for some producers. The economic recovery’s uneven effect on metals prices is especially evident when contrasting copper and alumi num. During 1983, import prices for copper rose 6.3 per cent, while aluminum prices rose 21.2 percent. For most of the year, aluminum sold at a premium to copper, a marked reversal of the historical price relationship between the two metals. Copper prices had sunk to low levels in 1982, but rose quickly on world markets in early 1983, as increased spec ulative activity led many users of the metal to purchase hedge stocks in anticipation of a strong pickup in con sumption. However, world copper consumption in 1983 was slightly less than in 1982, and there was no significant increase in purchases by the U.S. capital goods sector, a major copper user. In the meantime, several Third World nations, especially Chile, Mexico, and Zambia, stepped up output in order to acquire foreign exchange, and 1983 world copper production rose slightly above 1982 levels. Through out the year, there was a growing copper surplus on world Chart 3. Monthly 1979-83 (June 1977 = 100) 8 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis opec markets, such that, in November, inventories in London Metals Exchange warehouses were at their highest level in 5 years.23 As a result of these factors, world copper prices fell to their 1982 levels by year’s end. In contrast, market prices for some aluminum products in late 1983 were double the discounted prices offered by aluminum firms during the preceding year. Demand for aluminum soared as consumers stepped up purchases of autos, homes, and appliances. As demand increased, U.S. imports of the metal also rose.24 Zinc prices rebounded during 1983, advancing 19.4 percent for the year and 20.7 percent in the second half. U.S. zinc consumption was up strongly over the previous year’s levels, reflecting increased use of galvanized steel by the auto industry. In addition, a tightening of supplies on world markets and a decrease in domestic primary zinc production capacity buoyed demand for imports. Slab zinc imports in 1983 were 33.8 percent above 1982 levels.25 The import price index for silver and metals of the plat inum group, which carries one-third of the weight of the nonferrous metals index, rose 6.0 percent in 1983, as silver prices fell 6.1 percent and platinum group prices advanced 23.2 percent. Early in the year, silver prices rose rapidly on world markets as the U.S. economy expanded and inves tors speculated heavily in the metal. However, as interest and non-OPEC price indexes for U.S. imports of crude petroleum, rates rose and oil prices fell, speculative activity in silver cooled, and industrial demand for silver did not increase appreciably over the year. As a result, world silver prices were lower at the end than at the beginning of the year. The 1983 price increase for the platinum metals group was led by sharply rising palladium prices, reflecting strong demand from manufacturers of computers, electronics, autos, and dental supplies. Furthermore, palladium supplies were tight as South Africa and the Soviet Union curbed exports. How ever, declining silver prices helped pull down platinum prices in the second half, when the abatement of silver speculation led to falling prices for platinum futures. As with nonferrous metals, steel prices were heavily in fluenced by large supplies of imports. In 1983, the U.S. steel industry struggled to recover from its worst slump since the Great Depression, but production, while up from 1982 levels, remained depressed for the third straight year. De mand for sheet steel was buoyed by increased sales of autos and appliances, but production of heavier items such as plate, structural, and bar steels continued at low levels pend ing a revival of business capital spending. While imported steel (in tonnage) took 20.5 percent of the U.S. market in 1983, down slightly from 21.8 percent in 1982 (chart 4), a larger percentage of steel imports than in previous years came from Third World nations.26 (See chart 5.) Supplies of steel from Japan and the European Economic Community ( e e c ) were limited by trade agreements negotiated in 1982. Fully integrated U.S. steel firms faced stiff competition both at home and abroad, as they found it difficult to match the prices offered by foreign firms and by domestic minimills. A factor in the competitive problems of U.S. firms was their pace in adopting continuous casting, a process which improves product yield, cuts energy use, and boosts labor productivity. One-fourth of the Nation’s steel output is continuously cast, compared with 86 percent in Japan and 61 percent in Europe.27 Conventional U.S. firms have higher costs than producers in Europe, Japan, and the Third World, and many major integrated domestic firms also car ried a surplus of high-cost, company-owned iron ore ca pacity. Finally, the subsidization of some foreign steel producers by their governments added to the competitive difficulties of U.S. steelmakers. A major factor in the increased shipments of Third World steel in 1983 was the debt situation of several nations which are steel producers. For example, Mexico, Argentina, and Brazil— all major U.S. steel suppliers in 1983— aggres sively sought U.S. sales to obtain foreign exchange for servicing their international debts. American steel firms continued to deal with their com petitive difficulties vis-à-vis foreign producers by shedding excess capacity, cutting labor costs, and concentrating on profitable product lines. For example, U.S. Steel Corp. announced in December that it would close one-fifth of its steelmaking capacity. Domestic companies also continued to press the Federal Government for restrictions on low- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis priced steel imports from Third World nations. No major restrictions were placed on imports from these nations dur ing 1983, although in July, a 4-year system of quotas and tariffs was imposed on imports of certain specialty steels, most of which originate in European and other industrialized nations.28 Many firms viewed mergers with other domestic firms or joint ventures with foreign firms as a way to remain com petitive. In September, for example, l t v Corp. and Re public Steel Corp. announced plans to merge, thereby creating the second-largest U.S. steel firm. Both firms planned to achieve production economies by consolidating the best parts of their firms and discarding less-efficient divisions.29 Sev eral U.S. firms were also actively involved in foreign joint ventures that provided for the importation of lower-cost semifinished steel for finishing in domestic mills.30 The rise in prices for nonmetallic mineral manufactures was led by an 11.9-percent increase in prices for cut and polished diamonds. During the 1981-82 recession, prices for large stones (those greater than one carat) fell more than those for small stones. With the recovery in 1983, shortages of several types of diamonds developed, and prices quickly rose for the larger stones. Price increases for larger stones were influenced by the market strategy of DeBeers (a South African firm that is the world’s largest producer of dia monds), which consists of advertising such stones aggres sively while holding down their production and distribution.31 Machinery and transport equipment. This index, which accounts for 25.4 percent of the weight of the all-import price index, rose 2.5 percent in 1983, after falling 1.3 per cent during the preceding year. Some $88.9 billion of mer chandise in this category was imported during the year, compared with $75.7 billion in 1982, as the economic re covery fueled demand.32 Much of the dollar value in this index consists of consumer end-use products such as autos, personal computers, and household appliances. As con sumer spending increased, purchases of these types of items rose. The index also includes many important components of manufacturing processes, such as electric motors, air pumps, compressors, valves, and roller bearings, for which demand grew with U.S. manufacturing output. However, the continued appreciation of the dollar served to moderate price increases in the index. Prices for imported autos rose 4.9 percent in 1983. The Japanese Government’s voluntary self-restraint quotas, which limited auto exports to the United States to 1.68 million units per year, and the robust increase in U.S. retail auto sales in 1983 were factors which affected import car prices. Lower interest rates, higher levels of employment, the in troduction of new models, stable gas prices, and the im proving economy boosted 1983 U.S. retail auto sales to 9.2 million from 8.0 million in 1982. Import penetration of the U.S. market was 26.0 percent, down from 27.9 percent in 1982.33 Retail sales were held down by short supplies of 9 MONTHLY LABOR REVIEW April 1984 • 1983 Import and Export Prices both imported and domestic autos, the result of overly con servative production by the major U.S. automakers and the quotas on Japanese imports. Sales of larger cars were es pecially brisk. Having lowered their break-even output sub stantially since 1980, U.S. automakers posted record combined profits in 1983. Import quotas for Japanese autos put upward pressure on the prices of these cars. During 1983, Japanese cars ac counted for 20.9 percent of all U.S. new-car sales, down from 22.6 percent in 1982. Because of the quotas, Japanese automakers were unable to maintain or increase their market share by fully exploiting a cost advantage estimated at $1,500 to $2000 per car. Instead of competing on price, Japan’s carmakers concentrated on selling higher-valued, option laden cars in the United States, in effect providing a pricing floor for the domestic industry.34 During 1983, the Japanese Government agreed to extend the quotas for another year, starting in April 1984. The new quota was set at 1.9 million cars per year, with the bulk of the cars being supplied by the five Japanese carmakers with extensive dealer networks in t h is c o u n t r y . Three J a p a n e s e firms w h i c h a r e not wellestablished in the United States were assigned much smaller export quotas. The quotas provided an incentive for many of the joint ventures undertaken by U.S. and foreign auto firms in recent years. The ventures were generally of two types. The first is an agreement by which a domestic auto firm gains a license to sell a model built by its foreign venture partner in the United States. In the second case, an agreement is reached in which a U.S. firm and its overseas partner join forces to design, produce, and market a car. Prices for imported electric equipment and machinery fell 1.2 percent in 1983. Prices for semiconductor materials and devices, such as silicon wafers and chips, led the decline in this index. Microcircuit prices dropped as competition among American, Japanese, and European producers inten sified, and as technological advances and economies of scale lowered production costs. Additionally, weak expenditures for capital equipment and commercial construction in this country had a negative impact on the demand for many types of electric equipment. The recovery in the U.S. res idential housing and appliance manufacturing industries helped to mitigate the downward movement of prices in this index, and growing sales of military equipment boosted demand for many types of electric and electronic components. In recent years, the U.S. trade balance for electrical machinery has steadily worsened: In 1980, the Nation posted a trade surplus of $2.2 billion for these items, but in 1983, it reg istered an $892.4 million trade deficit.35 Import prices for office machines and automatic data pro cessing ( a d p ) equipment rose 4.1 percent in 1983. Leading this increase was a 10.7-percent advance in the index for Chart 4. Quarterly import share of U.S. steel market, 1979-83 Percent 10 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Percent Chart 5. U.S. imports of steel mill products by origin, 1980 and 1983 1980 1983 Latin S ource: American Iron and Steel Institute. parts for a d p equipment and office machines. This increase reflects the inelastic demand for many of these items. U.S. demand for computers, especially personal computers, re mained at high levels throughout 1983. U.S. consumers had a wide range of personal computers to choose from as do mestic and overseas firms placed an array of new models on the market. Aided by the strong dollar, foreign firms continued to erode the U.S. trade surplus in a d p equipment in 1983. To remain price competitive, many U.S. firms farmed out their manufacturing operations to overseas firms. Import prices for telecommunications equipment fell 1.2 percent in 1983 after a 6.8-percent decline in 1982. Sales of imported video-cassette recorders ( v c r ’ s ) boomed during the year as foreign firms cut prices. And although more than 98 percent of all U.S. households have at least one television set, increased sales of home computers gave a boost to sales of imported color sets, which may be used for video display of computer output. Exports reflect strong dollar Grain. Grain, which consists mainly of corn, wheat and sorghum, accounted for export sales of $15.2 billion in 1983 against $14.7 billion in 1982.36 Export prices for grain rose 16.8 percent in 1983, after declining 7.3 percent during the preceding year. Prices for corn increased 34.5 percent, while soybean prices rose 36.8 percent and barley prices were up https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 32.1 percent. Wheat prices fell 5.0 percent, moderating the increase in the grain index. These results were greatly in fluenced by a blistering summer drought— the Nation’s worst since the 1930’s— in combination with the U.S. Payment in Kind ( p i k ) Program, which was implemented in January 1983. Under p i k , the government provided surplus wheat, corn, rice, cotton, and sorghum to farmers who agreed to reduce their plantings of the same commodities. The purpose of the program was to draw down surplus grain stockpiles. Farmers took advantage of the p i k program to idle 46.6 million acres of cropland, more than twice the number an ticipated. Together with other Federal programs, p i k brought about the retirement of about 82 million acres in 1983, the largest reduction ever.37 While p i k induced farmers to reduce production, the se vere drought ravaged many of the crops that were planted. The 1983 corn crop was less than half of the year-earlier output and the smallest since 1965.38 The drought caught soybean plants at a crucial point in their growth cycle. As a result, the 1983 soybean harvest was 31 percent below 1982 levels, and 1983 soybean exports lagged those of the preceding year by 21 percent.39 (Although soybeans were not directly covered by p i k , the program indirectly affected soybean surplus and export supply levels by curtailing sup plies of corn.) With corn and soybeans in short supply, their prices were quickly bid up on world commodities markets. 11 MONTHLY LABOR REVIEW April 1984 • 1983 Import and Export Prices Livestock farmers turned to barley and sorghum as substitute feed grains, and prices for these commodities also rose sharply. Wheat yields and prices were not heavily influenced by the drought. Although the number of acres planted in wheat was reduced by p i k , the 1983 harvest was down just 6.2 percent from the 1982 historical high because U.S. farmers produced record yields per acre. The huge wheat surplus in U.S. silos also held prices down.40 During 1983, U.S. grain exporters faced stiff competition in foreign markets from producers in Canada, Australia, Argentina, and the EEC. However, U.S. exporters gained business through trade agreements reached during the sum mer with the Soviet Union and the People’s Republic of China. Under the new U.S.-Soviet grain pact, which lasts through late 1988, the Soviet Union may buy as much as 12 million tons of U.S. grain per year. For its part, China lifted the restrictions it had placed on U.S. grain imports earlier in 1983, when textile trade talks between the two nations broke down, and resumed imports under a long term agreement calling for purchases of 6 million tons of U.S. grain annually through 1984.41 Coal. Export prices for coal fell 14.2 percent in 1983, as world demand for coal continued to slacken. The drop in export prices and a 27.0-percent decline in the quantity of coal exported represented a double blow to U.S. coal pro ducers’ revenues.42 Poland, South Africa, and Australia were major U.S. competitors in foreign coal markets. Because the mining industry in these nations is government-controlled, these nations were able to set their coal prices below U.S. “ delivered-cost basis” prices. As a result, many U.S. firms were operating at or below break-even levels by year’s end. In addition, most domestic producers were burdened by inland freight costs accounting for one-fourth to one-third of their export prices.43 The failure of these freight costs to decline during the year further eroded the competitive po sition of U.S. coal exports. Prices for bituminous coal used in the production of steel showed the greatest decrease. In the spring of 1983, Jap anese buyers, who constitute the largest market, negotiated new contracts with U.S. firms that lowered existing prices by 12 to 20 percent.44 Prices for metallurgical coal exported to other nations also fell, but by lesser amounts. Steam coal, used for generating electricity, also declined in price because of reduced worldwide demand for electricity and sharp com petition from other coal-exporting nations. Chemicals. The export price index for chemicals, which was first published in the second quarter of 1983, declined 1.4 percent over the last nine months of the year. Prices fell 3.6 percent in the second quarter, but rose during the third and fourth quarters. In 1983, U.S. firms exported $19.75 billion of chemicals, down slightly from $19.89 billion in 1982.45 From late 1981 to early 1983, chemicals 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis prices dropped worldwide as the international economy en tered a recession. U.S. firms responded with agressive cost cutting measures, shutting many of their marginal opera tions. Such strategies lowered the industry’s break-even point from 75 percent of capacity utilization in early 1982 to 65 percent by the end of 1983. As a result, demand for chem icals rose quickly, and by year’s end, U.S. chemicals firms were operating at 75 percent of capacity and posting healthy profits.46 The world market for chemicals has become increasingly competitive in recent years. Several Third World nations, especially those that are major oil exporters, have invested heavily in chemical production capacity. Oil producing na tions have a comparative advantage in production resulting from the ready availability of low-cost petroleum feed stocks. In particular, Saudi Arabia, Kuwait, and Mexico have greatly expanded capacity in recent years, and are competing strongly with U.S. firms in world chemicals mar kets.47 Canada and several European nations have also added chemical production capacity in recent years. M achinery and transport equipment. Machinery and transport equipment is the largest U.S. export group, ac counting for 35.3 percent of the value in the all-commodities export price index. Many of the products in this group, such as computers, electronic components, and telecommuni cations equipment, require a high degree of technical so phistication, and U.S. firms have a comparative advantage in their manufacture. Prices for machinery and transport equipment advanced 2.5 percent for the year, after rising 3.9 percent in 1982. Most aggregate indexes in this category showed only mod erate 1983 price increases, as the strength of the dollar and continued slack demand abroad constrained both prices and sales volumes. Exports of machinery and transport equip ment were $82.58 billion, compared with $87.15 billion in 1982.48 An important component of the machinery and transport equipment category is general industrial machinery and parts. This subgroup includes heating and cooling equipment, air pumps and compressors, and pumps and valves for liquids. The index for this group registered a 1.6-percent increase in 1983, led by a 3.6-percent gain for pumps and com pressors and a 2.7-percent rise for nonelectric parts and accessories of machinery. U.S. manufacturers of general industrial machinery and parts export large portions of their output, and were hurt during the year by the strength of the dollar, the low rate of capital spending in major export markets, and the con tinued slump in the Third World economies. Export ship ments in dollar value were off 19 percent from 1982 levels, and the rate of price increase in the export index between mid-1982 and December 1983 was considerably below that recorded for March 1979 to mid-1982.49 The poor market reflected the implementation of austerity programs by France, Brazil, Venezuela, and Mexico— all major importers of U.S. general industrial machinery and parts— and reduced pur chases of heating and cooling equipment by several major oil-producing nations as oil revenues fell. Under these con ditions, U.S. exporters were forced to compete aggressively on nonprice factors such as quality, service, and delivery time. Export prices for telecommunications equipment rose 1.9 percent in 1983, paced by a 3.3-percent increase in the index for telecommunications parts and accessories. Overseas pro ducers have a significant cost advantage in the manufacture of many consumer end-use items in the category, such as radios, v c r ’ s , televisions, and tape recorders. Conversely, U.S. firms have a technological advantage in the production of many types of equipment for commercial use, including p b x ’ s , large radio and television broadcasting equipment, and navigational equipment. The divestiture by The Amer ican Telephone and Telegraph Co. led several of its inter national competitors to market new types of telecom munications equipment in 1983, placing downward pressure on export prices. The export price index for metalworking machinery rose 1.6 percent in 1983. The bulk of the value in this index consists of machine tools— power-driven devices used to cut, shape, or form metal in the production of durable goods. Because demand for machine tools is directly related to capital investment, price increases were moderated by weak levels of capital spending in foreign markets, coupled with strong competition from overseas suppliers. Capital spend ing in most major industrialized nations remained depressed throughout 1983, although such spending in the United States began to rise in the fourth quarter. In recent years. U.S. machine tool makers have had an increasingly difficult time matching the prices offered by competitors in Japan, West Germany, Taiwan, the United Kingdom, and Switzerland. Through October 1983, U.S. exports of machine tools totaled $330.5 million, 39 percent below the level reported for the first 10 months of 1982.50 Domestic producers led in the production of specialized machines, such as sophisticated numerically controlled ma chine tools and machining centers, but were at a disadvan tage in the manufacture of standard machine tools, for which price is a more significant competitive factor. U.S. firms have also been hampered by an inability to generate enough capital from profits to invest in new plant and equipment. (Borrowing for capital improvement has not generally been a primary option for the U.S. machine tool industry because of its highly cyclical nature.) Intense foreign competition continues to force major changes in the structure of the U.S. machine tool industry. These changes are designed not only to bolster the com petitive position of exports, but also to stem the influx of imports into the domestic market. Imported machine tools captured an estimated 36 percent of the U. S. market in 1983, up from 28 percent during the preceding year and 3.1 percent in 1958.51 Throughout 1983, the domestic industry contin ued to become more highly concentrated as companies with drew, merged, entered joint ventures with foreign producers, and moved operations offshore to cut costs. FOOTNOTES The following economists in the Bureau’s Division of International Prices assisted in the analysis of the various indexes dis cussed in this article: Brian Costello, Todd Darr, David Friedman, Hans Jorgensen, Mike Moore, Nicholas Peters, Mildred Tweedy, Paul Washbum, David Wawro, Loren Yager, and Peter Zaleski. David Johnson, Mark McEneamey, and Peter Zaleski of the Division prepared the graphics. A c kn o w led g em en t: 'Import price indexes are weighted by 1980 import values and are published on an f.o.b. (free-on-board) foreign port or c.i.f. (cost, insur ance, and freight) U.S. port basis. Export price indexes are weighted by 1980 U.S. merchandise trade values and are published on an f.o.b. factory or f.a.s. (free-alongside-ship) U.S. port basis. See “ International Price Program” (Bureau of Labor Statistics). 2 N a t i o n a l I n c o m e a n d P r o d u c t A c c o u n t T a b l e s (U.S. Department of Commerce, Bureau of Economic Analysis, January 1983), table 1.1. 3 U .S . D e p a r t m e n t o f C o m m e r c e N e w s , C 20-8312 (U.S. Department of Commerce, Bureau of the Census), Jan. 8, 1984. 4 W o r l d F i n a n c i a l M a r k e t s (New York, Morgan Guaranty Trust Com pany, International Economics Department), January 1984, pp. 12-13. ■ ‘’For details o f the value of the dollar against individual currencies, see January 1984, p. A66. F e d e r a l R e s e r v e B u lle tin , f>For information on imports, exports, and trade deficits, see U .S . D e p a r t m e n t o f C o m m e r c e N e w s , b e a 8 4 -0 6 (U.S. Department of Commerce, Bureau o f Economic Analysis), Feb. 7, 1984, pp. 1-6. 7For 1981 and 1982 data, see S u r v e y o f C u r r e n t B u s i n e s s , June 1983, p. 44. For 1983 data, see H i g h l i g h t s o f U .S . E x p o r t a n d I m p o r t M e r c h a n d i s e T r a d e , FT 990 (U.S. Department of Commerce, Bureau of the Census), December 1983, p. 32, table E -3 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis "See U .S . D e p a r tm e n t o f C o m m e r c e N e w s b e a 84 06 (U.S. Department of Commerce, Bureau of Economic Analysis), Feb. 7, 1984, p. 2. 44Ibid. 10Ibid, p. 3. 11S u m m a r y o f U . S . I n t e r n a t i o n a l T r a n s a c t i o n s (U.S. Department of Commerce, Bureau of Economic Analysis), March 19, 1983, p. 2. 12The share of final goods production that is accounted for by gross trade (merchandise imports plus merchandise exports) is calculated as: Merchandise Imports + Merchandise exports Sales of final goods ^ + Merchandise imports It is computed using data from S u r v e y o f C u rr e n t B u sin e s s, various issues. 13See Robert J. Beck, “ U.S. Demand, Imports to Edge Down: Pro duction Rising,” O i l a n d G a s J o u r n a l , July 25, 1983, p. 114; and Beck, “ Demand and Imports to Rise in ’84, Production to Slip,” O i l a n d G a s J o u r n a l , Jan. 30, 1984, p. 95. 14See C o n s u m e r P r ic e I n d e x f o r G a s o lin e , C o n s u m e r P r ic e In d e x f o r A l l U r b a n C o n s u m e r s , USDL 84-25 (Bureau of Labor Statistics), Jan. 24, 1984. 15 Beck, “ Demand and Imports.” p. 102. 16M o n t h l y E n e r g y R e v i e w (U.S. Department ol Energy, Information Administration), December 1983, pp. 3 8 -3 9 . 17 Ibid. IXIbid. 13 MONTHLY LABOR REVIEW April 1984 • 1983 Import and Export Prices 19H i g h l i g h t s of U .S . E x p o r t a n d I m p o r t M e r c h a n d i s e T r a d e , p. 15, table 4. 20Kathleen H. Hughes, “ U.S. Crackdown on Coffee Smuggling Helps Boost Bean Prices to High for 1983,“ T h e W a ll S t r e e t J o u r n a l , Nov 14 1983, p. 46. 21 Data are from the U.S. Department of Agriculture, Foreign Agricul tural Service. (U.S. Depart ment o f Agriculture, Economic Research Service), December 1983, p. 6. 22O u t l o o k a n d S itu a ti o n R e p o r t — S u g a r a n d S w e e t e n e r 21 “ Copper Hits 1983 Low on Reports of Rises in Inventories. Output.” Nov. 8, 1983, p. 46. T h e W a ll S t r e e t J o u r n a l , 24M i n e r a l C o m m o d i t y S u m m a r ie s ¡ 9 8 4 (U.S. Department of the Interior, Bureau o f Mines, 1984), p. 6. 25Ibid., p. 176. (Comparisons are based on preliminary estimates.) 26A p p a r e n t S u p p l y R e p o r t (Washington, American Iron and Steel In stitute), Feb. 6, 1984. 27 “ Time Runs Out For Steel,” 28“ Metalworking Newsfront,” of B u sin e s s W e e k , Iro n A g e , June 13, 1983, p. 84. July 22. 1983, pp. 13,16. 29Thomas F. O 'Boyle, “ Other Steel Firms Consider Merging in Wake l t v Offer for Republic,” T h e W a ll S t r e e t J o u r n a l , Nov. 9, 1983, p. 33. 20Thomas F. O 'Boyle, “ Forging a Link: American Steelmakers Bring in Foreign Metal to Hold Down Costs,” T h e W a ll S t r e e t J o u r n a l , Dec 20, 1983, pp. I, 16. 11 See D. Chase, “ DeBeers Change Ad Track,” A d v e r t i s i n g A g e , July 18, 1983, p. 42; and R a p p o p o r t D i a m o n d R e p o r t , Aug. 26, 1983, p. 7. 22H i g h l i g h t s 15, table 5. o f U .S . E x p o r t a n d I m p o r t M e r c h a n d i s e T r a d e , pp. 14- 24 Amal Nag, “ High New Car Prices Keep Many Lookers Looking, Not Buying,” T h e W a ll S t r e e t J o u r n a l , Aug. 3, 1983, p. 8. 25H i g h l i g h t s o f U .S . E x p o r t a n d I m p o r t M e r c h a n d i s e T r a d e , 14 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 27Jeffrey H. Bimbaum, “ Some Farmers Like It, But Critics Call PlK a Major Miscalculation,” T h e W a ll S t r e e t J o u r n a l , July 19, 1983, p. 1. 28 O u t l o o k a n d S itu a ti o n R e p o r t — F e e d (U.S. Department of Agriculture, Economic Research Service), November 1983, p. 1. 29 Figures are preliminary; comparisons are based on 1982-83 and 1983— 84 marketing years. See F o r e i g n A g r i c u l t u r e Circular—O i l s e e d s a n d P r o d u c t s , fop 12-83 (U.S. Department of Agriculture, Foreign Agricul tural Service), December 1983, p. 5. 4 0 O u t l o o k a n d S i t u a t i o n — W h e a t (U.S. Department of Agriculture, Eco nomic Research Service), November 1983, p. 3. 41 “ U .S. Offers Soviets 10 Million More Tons of Grain This Year,” Jan. 26, 1984, p. 48. T h e W a ll S t r e e t J o u r n a l , 42I n t e r n a t i o n a l C o a l R e v i e w (Washington, National Coal Association and Coal Exporters’ Association of the U .S .), December 1983. 42Rosemary Brady, “ Up in Sm oke,” F orbes, June 20, 1983, p. 88. 44 Ibid. 42H ig h lig h ts o f U .S . E x p o r t a n d I m p o r t M e r c h a n d ise T ra d e, pp. 10-11. 46 Austerity Will Pay Off For Chemical Makers,” 1984, p. 53. B u s in e s s W e e k Jan 9 47Ibid., pp. 5 3 -5 4 . 48H ig h lig h ts of U .S . E xport an d I m p o r t M e r c h a n d ise T rade, pp. 1 0 - 1 1, table 2. 49Ibid., pp. 2 8 -2 9 , table E -2 . 12 For domestic auto sales figures, s e e S - / R e p o r t (Detroit, Mich.. Motor Vehicle Manufacturers' Association), Jan. 9, 1984. For imported auto sales figures, see W a r d ' s A u t o m o t i v e R e p o r t s , Jan. 9, 1984. 27, table E -2 , and pp. 6 2 -6 3 , table 1-3. 26Ibid., p. 26 table E -2 . pp. 2 6 - 5,1S t a t i s t i c a l R e p o r t : U .S . F o r e i g n T r a d e in M a c h i n e T o o l s (McLean, Va., National Machine Tool Builders’ Association), October 1983. 51 F °r 1958 data, see F o r e i g n I n d u s t r i a l T a r g e t i n g a n d I t s E f f e c ts o n Japan, Publication 1437 (U .S. International Trade Commission), October 1983, p. 203. For 1982 and 1983 data, see “ Tool Orders Down In Month, Up In ’8 3 ,” T h e N e w Y o r k T i m e s , Jan 30 1984, p. D4. U . S . I n d u s t r i e s ; P h a s e I: The employment shift to services: where did it come from? Services did not gain all o f its jobs from those lost in the agriculture and goods-producing sectors; employment growth stemmed largely from expansion o f the labor force, particularly the increased participation of women M ic h a e l U rquhart The decline in manufacturing employment associated with the recent recession, coupled with the continued growth of services, has renewed interest in the distribution of em ployment among the three major sectors— agriculture, goodsproducing, and service-producing industry. While the U.S. economy has been a “ service economy” for more than 30 years, the increasing shift from goods production to services has raised fears about a possible national “ deindustriali zation.” 1 These fears have been manifest in speculation on many aspects of employment policy, ranging from the im pact on earnings and potential economic growth to the future of work. Much of the current discussion has focused on the po tential negative consequences of the continuing shift of em ployment to services, ignoring the fact that, in the past, such growth has been closely associated with economic progress and the rise in per capita g n p . This association has been so strong that the growth of the services sector often has been considered an indicator of the stage of economic development, and the relative importance of the three major sectors has been used to demarcate different stages of that development. Since the work of Allen Fisher and Colin Clark in the 1930’s, it generally has been assumed that economic development results in a shift of employment from agriculture to goods-producing industries and finally to ser vices.2 Although the movement away from agricultural employMichael Urquhart is an economist in the Division of Employment and Unemployment Analysis, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ment can be readily explained by the combination of rising productivity and limited appetites, the cause of the changing relationship between the goods-producing and service-pro ducing sectors remains more complex and problematical. Given the interdependence of the goods and services sec tors, the growth of each is somewhat related to growth in the other. Thus, greater production and consumption of goods require the development of numerous services, from transportation to r e ta il sales outlets, as w e ll as repair ser vices. Furthermore, many business or producer services pro vide inputs which contribute to the production of goods. Indeed, Ronald Shelp has argued that the "development of the service sector can and should encourage the growth in manufacturing.” 3 To a degree, then, the growth of both sectors is complementary. Suggested explanations for the faster growth of services employment include changes in the demand for goods and services as a result of rising incomes and relative price movements, slower productivity growth in services, the in creasing participation of women in the labor force since World War II, and the growing importance of the public and nonprofit sector in general.4 But no consensus exists on the relative importance of the above factors in developing an adequate explanation of the sectoral shifts in employ ment. In spite of the difficulties in explaining intersectoral shifts, there is a strong empirical correlation between economic progress as measured by the growth in per capita g n p and the services sector’s share of total employment.5 Maurice Lengelle has suggested a useful method for classifying coun15 MONTHLY LABOR REVIEW April 1984 • Employment Shift to Services tries into different stages of economic development based on the rate of growth of the service sector and intersectoral shifts in employment. He argues that the industrial sector is the major source of employment growth in the service sector for the most advanced industrial societies. In the previous stage, agriculture had been the major contributor.6 It is important to note that Lengelle refers to shifts of workers from one sector to another. He clearly states that he is not referring to actual migrations but to relative or proportional changes in employment distributions. That is, the shift from goods to services is a result of the relative, rather than absolute, decline of employment in the goods sector. Based on this interpretation, Lengelle concluded that the U.S. economy reached the highest stage of economic development as early as the middle 1950’s.7 This article examines intersectoral employment shifts since 1952. Component industries within the services sector are examined in some detail to determine which industries have contributed the most to its growth. The analysis is based primarily on data from the Current Population Survey, a national sample survey of 60,000 households conducted monthly by the Bureau of the Census for the Bureau of Labor Statistics.8 Because of the heterogeneous character of the services sector, the economic impact can vary considerably, de pending on whether growth has been in industries com prising mainly labor-intensive and unskilled jobs, or in capitalintensive industries with highly skilled jobs. The actual causes of the employment shifts and their impact on g n p growth are beyond the scope of this article. Three major sectors While there has never been a consensus, many analysts divide the economy into three major sectors— agriculture, goods, and services, b l s generally uses a two-sector break, with agriculture either not included at all or included as part of goods. There is even more disagreement on the actual composition of the sectors. Discussion focuses on the lack of an adequate definition of services,9 but similar problems exist for the other two sectors. For instance, mining has often been combined with agriculture in a primary or ex tractive sector, and forestry and fisheries are sometimes placed in the services sector rather than in agriculture. A more significant disagreement concerns the placement of the transportation, communications, and public utilities division. All or part of this division is often included in the goods-producing sector. Public employees sometimes are listed in a government division of the service sector and at other times are included in the industry in which they work (for example, public employees in construction would be included in the construction industry within the goods-pro ducing sector).10 A major problem in determining the composition of the sectors is that certain features may not be shared by all industries in the sector. This is especially true of the services 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 1. Distribution of employment by major sector, 1850-1982 [In percent] Agriculture Goodsproducing Serviceproducing ......................... ......................... ......................... ......................... ......................... 64.5 59.9 50.8 50.6 43.1 17.7 20.1 25.0 25.1 28.3 17.8 20.0 24.2 24.3 28.6 1900 ......................... 1 9 1 0 ......................... 1920 ......................... 1930 ......................... 1940 ......................... 38.0 32.1 27.6 21.8 18.3 30.5 32.1 34.6 31.7 33.1 31.4 35.9 37.7 46.6 48.6 1952 1957 1962 1967 ......................... ......................... ......................... ......................... 11.3 9.8 7.8 5.3 - 35.5 34.3 33.1 34.7 53.3 56.0 59.1 60.1 1972 1977 1979 1982 ......................... ......................... ......................... ......................... 4.4 3.7 3.6 3.6 31.4 29.7 30.2 27.2 64.2 66.6 66.3 69.2 Year 1850 1860 1870 1880 1890 sector, which has become more heterogeneous over time. For example, while services in general may be less capital intensive and have slower productivity growth than goodsproducing industries, just the opposite is the case for many individual industries within the sector." In the following analysis, the composition of the three sectors is based on the industrial classification used in the c p s and derived from the decennial census. Agriculture in cludes forestry and fisheries; the goods-producing sector includes mining, construction, and manufacturing; all re maining industries are included in services. Government employees are included in the industry in which they work, with only public administration listed separately as a divi sion in the services sector. Continuous growth in services The sectoral distribution of employment over time is pre sented in table l . 12 Since 1850 (the earliest available date for data on the service sector), agriculture’s share of total employment has declined steadily, while the services sector has exhibited almost continuous increases. The services sec tor grew by more than threefold over the period, and ac counted for about 70 percent of total employment in 1982. Agriculture declined from the major employment sector to only 4 percent of total employment in 1982. The goods sector increased its share of total employment through 1952; since then it has declined to about one-fifth of total em ployment in 1982. While the goods sector has shown a relative decline over the past 30 years, actual employment in this sector increased through 1979, to about 30 million. During the 1980-82 period, employment decreased by almost 3 million, pri marily a result of the 1980 and 1981-82 recessions. (Growth of the goods sector has resumed with the economic expan sion in 1983.) Between 1952 and 1982, the actual level of employment in agriculture declined by about 50 percent to 3.6 million, and employment in the goods sector showed a modest gain of about 25 percent. In spite of the goods sector’s gain in employment, its share of total employment declined from 36 to 27 percent, as the services sector grew at a much faster rate, doubling to about 69 million to make up more than two-thirds of total employment. Not all industries in the services sector exhibited such spectacular growth. Trans portation, communication, and public utilities grew rather modestly— at about the same rate as the goods sector— while trade and public administration increased at a some what greater pace. In contrast, employment in finance, in surance, and real estate nearly tripled over the period, and service division employment was up two and a half times. Table 1 can be used to examine Lengelle’s thesis that the proportional expansion of the service sector in recent years has primarily resulted from the relative decline in the goods sector, rather than in agriculture.13 This is done by com paring changes in each sector’s share of total employment for different time periods. However, calculations of these relative shifts in employment are extremely sensitive to the actual years chosen for comparison. This is especially true for the goods sector because of the much greater cyclical movement in this series. Thus, while goods employment has generally been declining, relatively speaking, since the early 1950’s, there have been short periods of growth during cyclical upswings in the economy. An examination by in dividual year shows that the goods sector’s share of em ployment tended to fluctuate between 33 and 35 percent for much of the period from 1952 to 1967. The following tab ulation shows relative shifts in employment in the major sectors for 5-year intervals between 1952 and 1982: Agriculture Goods Services 1 9 5 2 -5 7 1 9 5 7 -6 2 1 9 6 2 -6 7 .................... .................... .................... - 1.5 - 2 .0 - 2 .5 - 1.2 - 1 .2 1.6 2 .7 3.1 1.0 1 9 6 7 -7 2 1 9 7 2 -7 7 1 9 7 7 -8 2 .................... .................... .................... - 0 .9 - 0 .7 - 0 .1 - 3 .3 - 1 .7 - 2 .5 4.1 2 .4 2 .6 While the relative decline in agriculture exceeded that of the goods sector for each of the three intervals from 1952 to 1967, the goods sector actually increased its share from 1962 to 1967. There appears to be a sharp change in the late 1960’s. Since 1967, the relative decline in the goods sector has surpassed that in agriculture by a substantial margin. This is a result of both the slower absolute growth of employment in the goods sector and the fact that the agricultural share of employment appears to have stabilized at a fairly minimal level. It is reasonable, therefore, to divide the period into two sections. Prior to 1967, the employment shift to the services sector was primarily the result of the relative decline in agriculture. Since 1967, the relative decline of employment https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in the goods sector has contributed the most to the shift. However, as noted, employment since 1980 has been sig nificantly affected by the cyclical downturn in the goods sector. To avoid basing conclusions about long-term trends on the short-term effects of the business cycle, the analysis of the employment shift to services will exclude the 1980 and 1981-82 recessionary periods. From 1967 to 1979, the goods sector’s share of employment declined 4.5 percentage points, compared with a decline of only 1.7 points for ag riculture. This is in sharp contrast to the period from 1952 to 1967 when agriculture declined 6 points, versus a 0.8point decline in the goods sector. It is possible to quantify the extent of the shift to services by comparing the actual employment level in a sector for a particular year with the level that would have been required for the sector to account for the same share of total em ployment as it did in an earlier year. Industries which have grown faster than average (thus increasing their share of total employment) show a relative gain, while those which have grown slower than average show a relative loss, even if they experienced positive growth. This procedure yields an estimate of the size of relative employment gains and losses, which is not apparent from a simple comparison of growth rates. For instance, the level of employment in the goods sector was 21.7 million in 1952, or 35.5 percent of the total. If the sector had maintained its same share in 1967, employment would have grown to 26.4 million. In stead, employment increased only to 25.8 million, a relative “ loss” of 0.6 million jobs. Similar calculations can be made for the other sectors. The relative gains and losses in millions of employees for the three sectors and two time periods are presented in the following: A g r i c u l t u r e .................................... G o o d s -p ro d u c in g ....................... S e rv ic e -p ro d u c in g ..................... 1952-67 1967-79 —4 .5 —0 .6 5.1 — 1.7 —4 .5 6.1 It is possible that the calculations might overstate the extent of the shift to services because they are based solely on employment and do not take into account differences in hours worked in each sector. For instance, the more rapid growth of employment in the service sector might partly result from a decline in the average hours worked per em ployee. A correction for this effect can be made by using a Commerce Department series which converts part-time em ployees to full-time equivalents.14 An examination of this series confirms the trends discussed above. The percentage distribution of employment, adjusted for full-time equiva lents, in 1952 and 1979 are presented below (the 1979 figures are fairly close to those in table 2): T o ta l ....................................... A g r i c u l t u r e .................................... G o o d s -p ro d u c in g ....................... S e rv ic e -p ro d u c in g .................... 1952 1979 100.0 9 .9 3 5 .9 5 4 .3 1 0 0 .0 3 .4 2 9 .6 6 7 .0 17 MONTHLY LABOR REVIEW April 1984 • Employment Shift to Services Table 2. Estimated employment shifts by sector and industry, 1967-79 [In thousands] Sector and Industry Total ........................... Agriculture 1967 actual 1979 actual 74,375 98,824 1979 with 1967 distri bution — Relative gain or loss _ ................................. 3,927 3,508 5,218 -1 ,7 1 0 Goods-producing ...................... Mining .................................... C onstruction........................... M anufacturing......................... 25,781 553 4,529 20,699 29,797 901 6,437 22,459 34,252 731 6,018 27,503 -4 ,4 5 5 170 419 -5 ,0 4 4 Service-producing...................... Transportation, communication, and public utilities ........... T ransportation................... Communication ................ Public utilities ................... 44,667 65,518 59,354 6,164 4,882 2,811 987 1,084 6,529 3,770 1,403 1,354 6,483 3,736 1,314 1,443 46 34 89 -8 9 Trade ............................................ Wholesale .............................. Retail ...................................... Eating and drinking establishm ents.............. 13,901 2,553 11,349 20,101 3,862 16,240 18,470 3,390 15,081 1,631 472 1,159 2,250 4,235 2,994 1,241 Finance, insurance, and real estate .............................. F in a n ce .................................... Insurance .............................. Real e s ta te .............................. 3,514 1,407 1,338 769 5,902 2,425 1,871 1,605 4,664 1,868 1,779 1,018 1,238 557 92 587 Services ...................................... Business and re p a ir.............. Personal ................................. Entertainment and recreation Professional services ........... Health ................................. E du ca tio n ........................... L e g a l.................................... Welfare and religious . . . 18,169 2,063 4,439 675 10,992 3,802 5,178 349 746 27,835 3,717 3,894 1,054 19,170 6,990 7,974 701 1,563 24,143 2,737 5,900 899 14,606 5,050 6,878 464 988 3,692 980 -2 ,0 0 6 155 4,564 1,940 1,096 237 575 Public ad m inistra tion................ P o s ta l...................................... Other Federal ......................... State ......................................... Local ...................................... 4,201 726 1,523 603 1,062 5,151 687 1,615 927 1,923 5,584 968 2,026 800 1,789 -4 3 3 -2 8 1 -4 1 1 127 134 The relative shifts for the two time periods were also examined and found to confirm the finding that the relative decline of the goods sector exceeded that of agriculture only in the latter period. These general trends, therefore, appear to be independent of any changes in the hours worked.15 Analysis of employment shifts Relative employment shifts for the 1967-79 period by industry are provided in table 2. The goods sector accounted for more than 70 percent of the shift to services during this period, having absorbed a relative loss of 4.5 million jobs, compared with a 1.7-million loss in agriculture. A more detailed analysis brings out several interesting points. First, manufacturing accounted for the entire decline in the goods-producing sector, as both mining and construction posted increases. Mining, although accounting for a very small proportion of total employment, was among the fastest growing industries. And the relative loss of 5 million jobs in manufacturing occurred despite an actual increase of 2 million employees during this period. There is also, as expected, considerable diversity among 18 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the various industries in the service-producing sector. The relative loss of 2 million jobs in the personal service industry was greater than the total loss in agriculture. Other industries in the services sector which experienced a relative loss of jobs were public utilities ( - 0 .9 million), postal employ ment ( —0.3 million), and Federal public administration ( —0.4 million). And the sizable increase in retail trade was due entirely to employment growth in eating and drinking es tablishments. At the division level, the services industry was by far the most dynamic. In spite of the substantial relative decline in personal services, this division gained 3.7 million employ ees, equal to about 60 percent of the total shift to the services sector. Professional and related services alone gained about 4.6 million jobs. Its two biggest components, health and educational services, contributed the most to this growth, with welfare and religious organizations also showing a sizable gain. Table 2 also illustrates that the contribution of an industry to intersectoral shifts in employment depends as much on its relative size as on its growth rate. Thus, educational services and State public administration both grew about 54 percent between 1967 and 1979, yet the former showed a relative gain of 1.1 million employees, while the latter gained only a modest 127,000. Legal services grew almost twice as fast as educational services and State public administra tion, but the small size of the industry limited its relative gain to only 237,000. Seven industries gained at least a half million employees over the 1967-79 period: health services; eating and drink ing establishments; educational services; business and repair services; real estate; welfare and religious organizations; and finance (banks, security and commodity brokers, and so forth). There are obviously considerable differences in the characteristics of these industries. In terms of broad func tions, three provide mainly producer services (business and repair, real estate, and finance); three are social services (health, education, and welfare and religious organizations); and one is a distributive service (eating and drinking estab lishments). The diversity in these industries partly explains why there is no single causal explanation for the growth of the service sector. The growth of producer services is closely related to the changing needs of the industries they service, and at least partly reflects a substitution effect. Work pre viously done within a firm is now contracted out to com panies specializing in those services. In contrast, the growth of social services has more to do with changing demograph ics and public policy, while the growth of distributive ser vices has much to do with population increases and changes in family impacts on labor force participation patterns. Role of public employment The expansion in government employment has played a significant role in the development of the services sector. Table 3 provides a breakdown of public employment by sector and industry for 1967 and 1979. Almost all of the increase in government employment during this period oc curred at the State and local level, Federal employment being fairly stable. In 1979, 95 percent of all public em ployees worked in the services sector, up slightly from 92 percent in 1967. Furthermore, in 1979, three industries in the sector— health, education, and public administration— accounted for 83 percent of total government employment. Thus, while government expenditures might have a more diverse impact, the employment effect was highly concen trated. Outside of the services sector, government employ ment actually declined between 1967 and 1979, from about 900.000 to about 750,000. Public employment has contributed to the shift to ser vices, both by its growth in that sector and its decline in the rest of the economy. Its impact can be isolated by di viding total employment in each sector into its private and public components and calculating the relative gains and losses for each separately. In the services sector, govern ment contributed about 1.2 million to the total relative gain of 6.2 million, or about 20 percent of the total shift. In the agriculture and goods sectors combined, the absolute decline in public employment resulted in a relative loss of about 500.000 jobs. Of the three industries (health, education, and public ad ministration) which account for most of public employment, public administration actually showed a relative loss of jobs Table 3. Government employment by sector and industry, 1967 and 1979 annual averages [ N u m b e r s in t h o u s a n d s ] 1979 1967 Sector and industry Number Total employment ........... 74,375 Government employment ................ 11,170 Percent of industry employ ment 100.0 100.0 Number 98,824 15,665 Percent of industry employ ment 100.0 100.0 ......................................... 60 1.5 109 3.1 Goods-producing .............................. Mining ............................................ C onstruction................................... M anufacturing................................. 834 3.2 651 Service-producing.............................. Transportation, communication, and public utilities ................... 10,276 23.0 14,905 2.2 0.1 8.0 0.6 22.8 536 11.0 845 12.9 Trade .............................................. W holesale.................................... R e ta il............................................ 61 3 57 0.1 0.4 102 0.5 3 99 Finance, insurance, and real e s ta te ........................... 84 2.4 133 2.3 5,394 13 29.7 8,674 31 31.2 Agriculture Services ......................................... Business and repair ................ Personal...................................... Entertainment and recreation ...................... Professional and related . . . . Health .................................... Education .............................. Welfare and re lig io u s ........... Public administration .............. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 618 216 12 72 5,297 1,107 4,119 45 4,201 0 13.7 1.0 0.6 1 513 137 0.3 10 10.7 48.2 29.1 79.5 107 8,524 1,625 6,192 603 5,151 6.0 100.0 0.5 0.1 0.6 0.8 0.3 10.2 44.5 23.3 77.7 38.6 100.0 since 1967. Hence, any analysis of the government impact on the shift to services should focus on health and education. Interestingly, the public component of each industry has been growing at a slower rate than the private share. In the health industry, private employment almost doubled be tween 1967 and 1979, while public employment rose by a comparatively modest 50 percent. This was true, to a lesser extent, in education, where private employment growth was 70 percent, compared with 50 percent for public employ ment. It should be noted here that the private sector in both industries is heavily dependent on government expenditures and subsidies, which include government medical insurance programs (medicare and medicaid), subsidies to education, student loan programs, and similar expenditures. This makes it difficult to isolate the contributions of the public and private sectors. The government has also had a major impact on welfare organizations. Government employment in this area in creased twelvefold, from 45,000 to more than 600,000, and accounted for about two-thirds of the total increase in the welfare and religious organization group. Origin of ‘new’ employment in services The analysis thus far has examined changes in the relative strengths of the three sectors. This approach did not show the actual source of employment growth in the services sector. To examine the source, it is necessary to look at the movement of workers between the three sectors and from outside employment (either from outside the labor force or from unemployment status). These labor flows can be ex amined through the use of matched data from the March Current Population Survey. There are several problems as sociated with using matched data as a longitudinal data base. Of prime importance is the attrition in the sample from one year to the next. This can be the result of a variety of factors, such as change in residence, nonresponse, or death. Fur thermore, persons who change answers to questions on which the match is keyed (such as race or sex) are also lost to the sample.16 Keeping these limitations in mind, with matched data, a person’s status in one year can be compared with his or her status in the previous year, providing some mea sure of actual intersectoral employment shifts. More spe cifically, these flows can help to illustrate the actual source of “ new” employees in the service sector, that is, whether they previously worked in the goods or agriculture sectors or did not work the previous year. Table 4 summarizes data from a March 1978-79 matched file of the c p s that provides employment information for 1977-78. The total sample for this match was 37,348. The data show the percentage distribution of employment in 1978 by the sector of employment in 1977. For example, about three-fourths of those employed in agriculture in 1978 had worked in that sector in 1977, 5 percent had worked in the goods sector, 11 percent in services, and 9 percent did not work at all. 19 MONTHLY LABOR REVIEW April 1984 • Employment Shift to Services Table 4. Total Employment status in 1978 by status in 1977 B o th s e x e s ........... M e n .................. W o m e n ........... [Percent distribution] 1978 employment 1977 employment Agricul ture Goods-pro ducing Serviceproducing Did not work Total (in thousands) ................ P ercent......................................... 1,126 100.0 7,091 100.0 16,593 100.0 12,538 100.0 A g ricu ltu re .............................. G oods-producing................... Service-producing ................ Did not work ......................... 74.7 5.0 11.1 9.2 1.1 80.0 14.5 4.4 1.2 4.5 85.6 8.8 1.4 3.2 10.2 85.2 M e n ............................................... A g ricu ltu re .............................. G oods-producing................... Service-producing ................ Did not work ......................... 100.0 80.8 5.0 9.1 5.1 100.0 1.2 82.3 13.6 2.9 100.0 1.4 6.7 87.1 4.8 100.0 2.6 6.2 10.3 81.0 Women ...................................... A g ric u ltu re .............................. Goods-producing................... Service-producing ................ Did not work ......................... 100.0 54.6 5.0 17.6 22.9 100.0 0.7 73.3 17.3 8.7 100.0 1.0 2.6 84.2 /fill v— 100.0 0.9 2.1 10.2 86.9 The table clearly illustrates the considerable movement between sectors and into and out of employment, although a majority of people maintained the same status in both years. Thus, at least 15 to 25 percent of the workers in each sector in 1978 were “ new” workers, being previously em ployed in a different sector or not employed at all. The marginal contribution of agriculture as a source of “ new” employees is also evident; it accounted for only about 1 to 2 percent of new employees in each of the other sectors. (Clearly, its contribution to the other two sectors was much greater earlier in the century.) Of particular interest, therefore, is the contrast in the source of new employees for the goods and services sectors. In the goods sector, new employees were three times as likely to have worked in the services sector in the previous year than to have not been working. Just the opposite re lationship holds for the services sector, where new em ployees were twice as likely to not have worked at all in the previous year than to have worked in goods producing. The contrast between the two sectors is even greater when data for men and women are examined. Both men and women in the goods sector were more likely to have been employed the previous year in services than to have been not employed, although this tendency was stronger for men than for women. In the services sector, on the other hand, there was a clear difference between men and women, with men more likely to have been employed the previous year in the goods sector. This is in sharp contrast to the situation among women where, by a 6-to-l ratio, they were more likely to have not worked at all in the year before. The disproportionate contribution of the movement from not employed to employment in services can be illustrated by examining only those workers employed in 1978 who were not employed in 1977. The following tabulation shows the percentage distribution of these new workers by sector: 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t 100 .0 1 0 0 .0 1 0 0 .0 Agriculture 5 .5 7 .8 4 .6 Goods Services 16.8 2 7 .3 12.3 7 7 .7 6 4 .9 8 3 .2 Of the total new workers, about 78 percent found employ ment in the services sector, compared with only 17 percent in goods and 6 percent in agriculture. This tendency was even stronger among women, with about 83 percent finding employment in services, compared with about 65 percent for men. (Women accounted for three-fourths of all “ new” employees.) While no firm conclusions can be drawn from only one set of matched data, the above results are consistent with the conclusions based on historical data which show that the employment shift to services does not stem from an actual migration of workers from one sector to another but rather results from the expansion of the labor force and especially the increasing participation of women. Since 1967, women have accounted for about 60 percent of the total growth in the labor force.17 Recent trends As mentioned earlier, employment trends since 1979 have been heavily influenced by the recessions of 1980 and 1981 — 82. The percentage change in the actual employment in each major sector and service division is shown in the fol lowing: Percent change, 1979-82 T o ta l ...................................................... A g ric u ltu re ......................................................... G o o d s -p ro d u c in g in d u strie s ....................... S e rv ic e -p ro d u c in g in d u strie s .................... T ra n s p o rta tio n , c o m m u n ic a tio n s , and p u b lic u tilitie s ......................................... T ra d e ................................................................ F in a n c e , in su ra n c e , a n d real e sta te ......................................... S e r v i c e s ........................................................... P u b lic a d m in istra tio n ................................ 0 .7 1.8 —9 .2 5 .1 0 .4 3 .3 6.2 8.1 1.3 While employment in the goods sector declined 9.2 percent to 27.1 million, agricultural employment actually increased 1.8 percent to 3.6 million, and the services sector rose 5.1 percent to 68.9 million. As a result of these movements, the agricultural sector maintained its share of total employ ment at 3.6 percent, while the goods sector declined to 27.2 percent and services increased to 69.2 percent.18 Not all of the seven industries mentioned earlier that contributed greatly to the shift to services fared equally well during the 1980-82 period. Health services (up 11.7 per cent), business and repair services (19.8 percent), eating and drinking establishments (11.6), and finance (14.9) all continued their rapid expansion. However, as a result of the recession and the decline in housing sales, employment in real estate posted a decline of 5.7 percent. Education and welfare and religious organizations increased only margin ally. Also of interest, when eating and drinking establish ments are excluded, retail trade showed a slight decline. The cyclical decline in employment in the goods sector in the 1979-82 period does not necessarily suggest that the U.S. economy has entered a new stage— one where the shift to services is based on an absolute, rather than relative, decline in the goods sector. That process has been called “ deindustrialization.” The contrasting sensitivity to the business cycle of the goods and the services sectors affects employment patterns in the recovery as well as in the reces sion. The following tabulation provides average annual per cent changes in employment for periods of expansion and contraction in the goods and services sectors from the cy clical peak in November 1948 through the peak of July 1981:19 G o o d s -p ro d u c in g .................. S e rv ic e -p ro d u c in g ................ E x p a n sio n C o n tr a c tio n 3 .3 3 3 .2 9 —8 .4 9 0 .3 9 The major contrast is that during economic contractions, employment in services continued to expand. However, dur ing economic expansions, employment growth has been at about the same pace in both sectors. While the early years of the 1980’s have witnessed an absolute decline in employment in the goods sector, fears about “ deindustrialization” appear premature because the employment figures were dominated by the 1980 and 1981— 82 recessions, which had a disproportionate impact on the goods sector. It is still too early in the current recovery to draw firm conclusions, but the goods sector increased 7 percent during the first 12 months of expansion since the recessionary trough in November 1982, compared with a 3-percent growth in the service sector. Given the past per formance of the goods sector during economic recoveries, one can expect further absolute growth, although growth probably will not be sufficient to prevent a further relative employment shift to services. shift to service employment since the late 1960’s reflects primarily a relative decline in the goods sector rather than in agriculture. Between 1967 and 1979, there was a relative shift of more than 6 million jobs to the service sector, with almost three-fourths of the jobs coming from the goods sector. Actual labor force flows indicate that despite this shift, there has been no real net migration of workers from the goods to the services sector. Rather, the primary source of new employees in the services sector was the employment of women who had previously not held jobs. Q T he FOOTNOTES 'For more discussion of this topic, see James Cook, “ You mean we have been speaking prose all these years?” F o r b e s , Apr. 11, 1983, pp. 142— 49; and Barry Bluestone and Bennett Harrison, T h e D e i n d u s t r i a l i z a t i o n o f A m e r i c a (New York, Basic Books, 1982). 2Colin Clark, T h e C o n d i t i o n s o f E c o n o m i c P r o g r e s s (London, Mc Millan, 1940); and Allan G. B. Fisher, T h e C la s h o f P r o g r e s s a n d S e c u r i t y (London, McMillan, 1935). For a dissenting view, see Joachim Singlemann, F r o m A g r i c u l t u r e to S e r v i c e s (Beverly Hills, Sage Publications, 1978). 3Quoted in James Cook, “ So what’s wrong with a service economy?” F o r b e s , Aug. 30, 1982, p. 66. 4 For a discussion of these issues, see Victor Fuchs, T h e S e r v i c e E c o n o m y (National Bureau o f Economic Research, 1963); Thomas Stanback, Jr., U n d e r s t a n d i n g th e S e r v i c e E c o n o m y (Baltimore, Md., Johns Hopkins Uni versity Press, 1979); Eli Ginsberg and George Vojta, “ The service sector o f the U .S. econom y,” S c ie n t if ic A m e r i c a n , March 1981, PP- 48-55; and P. H. Mirvis and E. J. Hackett, “ Work and the work force in the nonprofit sector,” M o n t h l y L a b o r R e v i e w , April 1983, pp. 3 -1 2 . 5 See Victor Fuchs, “ Economic growth and the rise of service employ m ent,” Reprint No. 257 (National Bureau of Economic Research, 1982). 6Maurice Lengelle, T h e G r o w i n g I m p o r t a n c e o f th e S e r v i c e S e c t o r in (Paris, Organization of Economic Cooperation and De velopment, 1966), pp. 8 -9 . M e m b e r C o u n tr ie s 7 However, Lengelle does not rule out the possibility that countries in this stage could also experience an absolute decline of employment in the goods sector, that at some point the continued growth of services could result in or be the cause of the “ deindustrialization” of the economy. 8 Data on the industrial distribution of employment are available from both the Current Population Survey of households ( cps ) and the Current Employment Statistics program ( c e s , or establishment survey). While the ces provides a more detailed industrial breakdown of employment and has a longer history, it does not include agricultural employment or those workers who are self-employed. Because the following analysis will cover total employment in all three sectors, the primary source of data will be https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the c ps . 9For more discussion of the problems in defining services, see Ronald Kent Shelp, B e y o n d I n d u s t r i a l i z a t i o n : A s c e n d e n c y o f th e G l o b a l S e r v i c e E c o n o m y (New York, Praeger Publishers, 1981), pp. 10-13. 10Such differences in the composition of the sectors do not appear to have a serious impact on long-term trends. See, for example, Fuchs, “ Economic growth,” p. 222. "For more discussion of these issues, see R. E. Kutscher and J. A. Mark, “ The service-producing sector: some common perceptions,” M o n th ly L a b o r R e v i e w , April 1983, pp. 3-1 2 ; and J. A. Mark, “ Measuring pro ductivity in service industries,” M o n t h l y L a b o r R e v i e w , June 1982, pp. 3 -8 . 12Data for 1850 through 1940 are from H i s t o r i c a l S t a t i s t i c s f o r th e U n i te d S t a t e s , C o l o n i a l T i m e s th r o u g h 1 9 7 0 (U.S. Department of Commerce, 1975), Series D 152-166, p. 138. The industrial distribution for these years is based on the concept of “ gainful work” rather than employment. For a discussion of the difference in these concepts see page 123. cps data for the years 1952 through 1962 include 14- and 15-year-olds. 13 Lengelle concluded that the United States belonged in group four as early as the m id-1950’s, but he excluded transportation from services. See Lengelle, T h e G r o w i n g I m p o r t a n c e , p. 12. 14Full-time equivalents are calculated by multiplying the number of parttime employees by the ratio of the average weekly hours of part-time to full-time employees. If a full-time workweek is 40 hours and there are two employees working 20 hours, then they would equal one full-time equivalant, that is, 2 x 20/40 — 1. Computations of sectoral shifts from this series are based solely on civilian employment. 15Estimates of the relative shifts in employment from the persons en gaged series are as follows: 1 9 5 2 -6 7 ........................................................ G o o d s - p r o d u c i n g ............................................. S e r v ic e -p r o d u c in g ........................................... A g r ic u ltu r e 1 9 6 7 -7 9 —3 .7 — 1 .2 — 1 .7 —3 .5 3.5 4 .7 21 MONTHLY LABOR REVIEW April 1984 • Employment Shift to Services Given the slight differences that exist in classification of industries, esti mates from the two series are a fairly close match. the period 1979 to 1982. see Diane Nilsen. “ Employment in durable goods anything but durable,” M o n t h l y L a b o r R e v i e w , February 1984. pp 1524. l6For a discussion of the use of matched data, see Robert W. Bednarzik and Richard M. Devens, ed., U s i n g th e C u r r e n t P o p u l a t i o n S u r v e y a s a L o n g i t u d i n a l D a t a B a s e , Report 608 (Bureau of Labor Statistics, 1980). i4The average annual percent changes were calculated as follows: the rate of change for an expansion is measured from a 3-month average centered on a trough to a 3-month average centered on the peak. The percentage change is divided by the number of months from trough to peak and multiplied by 12 to provide an annual average. A similar procedure is used for contractions. 17 Data from March 1975-76 and March 1980-81 matched files were also examined and supported the above analysis. For more on the contri bution of women, see Fuchs, “ Economic growth.” 18For more on the performance of the manufacturing industries during ERRATUM Because of a typographical error, a tabular entry is incomplete in Philip L. Rones’ article, “ Recent recessions swell ranks of the long-term un employed,” in the February issue. The full entry in table 3, p. 28, should read “ Finance and services.” A corrected version of the table appears below. Table 3. The long-term unemployed by selected characteristics, June 1979 and June 1983, not seasonally adjusted [ N u m b e r s in t h o u s a n d s ] Tota I unen ployed Characteristic June 1979 June 1983 Total .................................... M e n ............................................ Women ......................................... 6,235 2,993 3,242 11,570 6,498 5,072 16 20 25 55 2,034 1,441 2,372 389 W h ite ......................................... Black .............................................. Hispanic o r ig in ........................ Unemployed 15 weeks or longer Total Perc ent of unem ployed Percent of labor force Unemployed 27 weeks or longer Percent distribution Total Percent of unemployed Percent of labor force Percent distribution June 1979 June 1983 June 1979 June 1983 June 1979 June 1983 June 1979 June 1983 June 1979 June 1983 June 1979 June 1983 June 1979 June 1983 June 1979 June 1983 1,085 601 484 4,447 2,939 1,507 17.4 20.1 14.9 38.4 45.2 29.7 1.0 .9 1.1 3.9 4.6 3.1 100.0 55.4 44.6 100.0 66.1 33.9 492 288 204 2,842 1,934 908 7.9 9.6 6.3 24.6 29.8 17.9 .5 5 .5 25 33 1.9 1on n 1 no 2,527 2,478 5,780 785 136 313 233 814 589 2,889 128 431 6.7 16.2 24.8 32.9 12.4 32.8 50.0 54.9 1.2 1.5 .9 .9 3.2 4.9 4.0 2.9 12.5 21.5 54.3 11.8 7.0 18.3 65.0 9.7 44 91 284 73 148 458 1,938 299 2.2 6.3 12.0 18.8 59 18.5 33.5 38.1 4 6 5 .5 L5 ZJ 27 2.0 4,677 1,421 432 8,598 2,599 896 790 3,317 273 997 70 240 16.9 19.2 16.2 38.6 38.4 26.8 .9 2.6 1.4 3.4 8.3 3.8 72.8 25.2 6.5 74.6 22.4 5.4 329 119 26 2,104 657 155 7.0 8.4 6.0 24.5 25.3 17.3 .4 11 .5 21 55 3.0 Construction ......................................... Manufacturing ................................... Durable goods ................................. Primary metals ........................... Autos ................................. Nondurable g o o d s ........................... T ra d e ...................................... Finance and s e rv ic e s ................... 456 1,158 611 32 54 547 1,304 1,462 919 2,500 1,602 195 137 898 2,243 2,434 97 304 182 10 18 121 195 258 438 1,429 993 142 91 436 816 860 21.3 26.3 29.8 31.3 33.3 22.1 15.0 17.6 47.7 57.2 62.0 72.8 66.4 48.6 36.4 35.3 1.6 1.3 1.3 .8 1.3 1.3 1.0 .8 7.0 6.4 7.5 14.0 8.4 4.9 3.8 2.4 8.9 28.0 16.8 .9 1.7 11.2 18.0 23.8 9.8 32.1 22.3 3.2 2.0 9.8 18.3 19.3 32 128 84 7 7 44 71 134 262 1,006 703 115 73 303 448 542 70 11.1 13.7 21.9 13.0 8.0 5.4 9.2 28 5 40 2 43 9 59.0 53.3 33.7 20 0 22.3 5 6 6 .5 .5 5 4 .4 42 4.5 5.3 11 4 6.7 34 Job lo s e rs .................................... Job leavers ......................................... Entrants ............................................ 2,096 823 3,314 6,135 748 4,686 577 143 363 3,314 231 884 27.5 17.4 11.0 54.0 30.9 18.9 _ _ 53.2 13.2 33.5 74.5 5.2 19.9 265 61 165 2,173 143 522 12.6 7.4 5.0 35.4 19 1 11.1 to 19 to 24 to 54 years y e a rs ................................... years .............................. y e a rs ...................................... and over ................................. 22 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — — — — — SR S 4L5 A9 1R S 57 7 14.8 66 9 24 9 5.3 o f ifi 1 31'9 52 16 1 68 2 10.5 74 0 23 1 5.5 2J 65 26 0 17 1 14 1.4 8-9 14 4 1.5 27.2 2.6 10 7 15 8 19.1 - 53 q 12 4 33.5 76 5 50 18.4 35 4 24 7 4 j) Surviving spouse’s benefits in private pension plans Most private pension plans offer a lifetime minimum annuity to surviving spouses o f about two-fifths o f a worker s accrued benefits; however, many spouses may receive a smaller share, or may not be covered, according to a b l s analysis of plans in 1981 D o n a l d B ell and A vy G raham When an active worker or retired employee dies, what ben efits does the spouse receive from employer contributions to a private pension plan? While the Bureau of Labor Sta tistics has no data on actual annuity payments and the num ber of beneficiaries receiving them, a representative sample of medium and large companies shows that, as required by law, the plans offer a surviving spouse a lifetime annuity. However, both eligibility requirements for this benefit and the size of monthly payments depend on when death occurs. If death is before retirement, the spouse usually is eligible for an annuity if the employee had sufficient age and service to qualify for early retirement benefits; the size of the annuity depends on the pension the worker would have received if he or she had opted for early retirement.1 (See chart 1.) If the employee had retired, the typical plan would provide for a spouse’s annuity equal to about two-fifths of the work er’s accrued benefits. A few pension plans offer “ death benefits,” as well as annuities. While annuities provide a lifetime income, death benefits are paid either in a lump sum or for a specified number of months. The most common lump-sum payment is $1,000; monthly death benefits most often are paid for 5 years. However, if death occurs after retirement, the number Donald Bell is a labor economist and Avy Graham is a social science research analyst in the Office of Wages and Industrial Relations, Bureau o f Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis of monthly payments to the spouse is reduced by the number of pension payments already received by the retiree. This article is based on data from the Bureau’s 1981 survey of employee benefits in large and medium firms.2 A sample of 1,505 establishments across most private indus tries yielded data on the detailed provisions in 914 pension plans. Results of this survey provide representative data for 21.5 million employees in 43,325 establishments. Eightyfour percent of the employees were covered by private pen sion plans— 79 percent were under plans fully paid for by their employer, and 5 percent paid part of the cost. erisa requirements Spouse benefit provisions of private pension plans reflect the influence of the Employee Retirement Income Security Act of 1974 ( e r i s a ). Pension plans are not required by law, but once established, e r i s a requires that they provide for annuities to spouses of deceased employees. The require ments differ for death before and after retirement. Pension plans must now include a “ postretirement” an nuity arrangement which pays a surviving spouse regulai income equal to at least half of the pension paid to the retiree. To do this, the plan may reduce the pension paid to the retiree. This reduced annuity is called a “joint-andsurvivor annuity.” A married worker must be given an opportunity not to participate in a joint-and-survivor an nuity— that is, not to accept a reduced annuity. However, 23 MONTHLY LABOR REVIEW April 1984 • Surviving Spouse’s Pension Benefits Chart 1. Proportion of normal pension typically paid under various options1 Death before retirement2 = pension paid Survivor's pension* Retirement at normal age Retirement at an early age4 Employee's pension Joint-and-survivor annuity coverage Employee's pension Employee s pension Survivor’s pension3 Survivor's pension3 2Assumes employee dies 10 years before normal retirement age with 30 1 A “normal” pension is that paid to an employee who retires at a plan's years of service and is eligible for survivor coverage. normal age and who elects not to take the joint-and-survivor annuity option 3Paid to spouse after death of employee, based on 50-percent option This is the maximum pension available to the employee for a specific length of service. This chart compares the amount typically paid under other options 4Assumes employee retires 10 years before normal retirement age with 30 with this normal pension. years of service and pension is reduced 5 percent for each year. 24 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis if the participant fails to elect another form of annuity, the joint-and-survivor option automatically becomes effective. Under plans which do not reduce the retiree’s annuity as the price of continuing payments to a surviving spouse, the survivor may be paid less than 50 percent of the retiree's annuity provided the rate does not produce a smaller pro portion of the retiree’s unreduced pension than that which would be achieved by a 50-percent joint-and-survivor op tion. Prior to enactment of e r i s a , most plans provided survivor annuities only if the employee voluntarily chose the option at a specified time, such as 1 year before retirement. If a retiree did not act, the surviving spouse was not eligible for an annuity. Also, e r i s a prohibits discontinuance of pay ments if a spouse remarries— a frequent provision before the law’s passage. If an employee dies before retirement, e r i s a requires that a “ preretirement” survivor annuity be available if the pen sion plan gives employees the option of retiring before the normal retirement age with a reduced lifetime annuity. A preretirement spouse’s annuity must be available if a de ceased worker was eligible for early retirement, was within 10 years of the plan's normal retirement age, and had been married at least 1 year. The minimum annuity is the amount the spouse would have received if the worker had retired just before death with early retirement benefits and had elected a joint-and-survivor option. (The normal retirement age is the point at which the employee could retire and immediately receive a pension without reduction due to age. The normal pension is the annuity available at normal re tirement age if the joint-and-survivor annuity is waived.) The 1974 law has had a significant effect on potential protection accorded spouses of active workers. In the sum mer of 1970, 36 percent of 149 major pension plans provided for annuities to survivors of active workers3; virtually all pension plans studied in the 1981 survey offered a prere tirement spouse annuity.4 Survivors of retirees As required by the Employee Retirement Income Security Act, all of the pension plans studied provided for annuities to survivors of retirees. More than 90 percent offered these postretirement spouse benefits in the form of joint-and-sur vivor annuities.5 (See table 1.) While e r i s a requires a plan to have a spouse annuity which pays at least 50 percent of the retiree’s pension, other percentages also may be avail able. For example, 68 percent of the plans provided multiple joint-and-survivor options ranging from 25 to 100 percent of the pension paid prior to the retiree’s death, with at least one option of 50 percent or more. The smaller the percentage option selected, the less the reduction in the retiree’s pension. For example, a 25-percent survivor benefit would require a relatively small reduction in the retiree’s pension. (A few plans provided the 25percent survivor benefit with no reduction in the retiree’s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 1. Provision for postretirement survivor annuity in private pension plans, medium and large firms, 1981 Annuity Plans Number Percent T o ta l.................................................................................... 914 100 Joint-and-survivor annuity1 .............................................................. 856 94 Surviving spouse receives: 50 percent of joint-and-survivor annuity .............................. 202 22 More than 50 percent of joint-and-survivor a n n u ity ........... 33 4 Retiree’s choice of multiple joint-and-survivor options2 . . 621 68 Share of retiree's pension3 .............................................................. 34 4 Joint-and-survivor annuity plus portion of retiree’s pension . . . 24 3 1An annuity that provides income during the lifetime of both the retiree and the surviving spouse. The accrued pension will be reduced at retirement because of the longer time that payments are expected to be made. Upon the retiree’s death, all or part of the reduced pension is continued to the surviving spouse for life. includ es at least one option that continues 50 percent or more of the retiree’s reduced pension to the surviving spouse. 3These plans do not require a reduction of retiree’s accrued pension when employee and spouse are the same age. Under their provisions, the spouse receives an average of 49 percent of the accrued pension. For 2 out of 3 plans in this group, the retiree’s or spouse’s benefit is reduced if there is significant age difference. Note: Because of rounding, sums of individual percentages may not equal totals. pension.) Multiple options thus provide alternatives which might meet the needs of a married couple for either a higher immediate benefit to the retiree and spouse or a higher benefit later to the surviving spouse. The former alternative might be suitable if an employee is in good health or if the spouse has a separate pension. While the 100-percent sur vivor benefit would require a greater reduction for the re tiree, it might be a more desirable choice for an employee in poor health or with alternative income sources. Although e r i s a allows for a reduction in the retiree’s pension to finance the survivor’s annuity, 4 percent of the plans studied offered the survivor benefit without this re duction. Generally, these plans were in effect prior to the law’s enactment and were continued because their provi sions met or exceeded e r i s a standards. Another small group of plans (3 percent) gave spouses a portion of the retiree’s pension plus a joint-and-survivor benefit calculated on the balance of the pension.6 As discussed earlier, a joint-and-survivor annuity adjusts the retiree’s pension downward to provide a lifetime benefit to the surviving spouse. Pension payments expected to be made during the lifetime of the retiree and the surviving spouse approximate the plan’s total payments in a straightlife annuity to a single person. If an employee in a plan with joint-and-survivor protec tion does not waive this coverage, the employee’s pension is automatically reduced at retirement to allow for the spouse’s benefit. The reduced pension is calculated in the following manner. An employee’s accrued pension is first determined as if it were payable only during his or her lifetime. (The benefit formula usually calls for multiplying the number of years of service by either a percent of earnings or a flat dollar amount.) The accrued pension benefit is then adjusted 25 MONTHLY LABOR REVIEW April 1984 • Surviving Spouse’s Pension Benefits to pay for the survivor annuity. This adjustment takes ac count of the age and sex of the employee and spouse in 55 percent of the plans, and age alone in 45 percent. However, a recent Supreme Court decision prohibits discrimination in pension annuity payments based on sex. As a result, pension plans now may have to eliminate consideration of sex when adjusting the accrued pension to pay for a spouse’s annuity.7 Actuarial and arithmetic adjustments. Of plans that made an adjustment, 8 percent used an arithmetic reduction method. Under this method, retirees retain a somewhat larger share of accrued pensions than under an actuarially reduced an nuity. An arithmetic reduction is determined mainly by the difference in age of the retiree and spouse. A basic reduc tion, such as 10 percent, is taken to pay for a 50-percent spouse annuity if the spouse is at least as old as the em ployee; an additional reduction, such as 0.5 percent, com monly is applied for each year of age difference if the spouse is younger. Some plans use the same arithmetic reduction for all retirees with the joint-and-survivor option if the age difference is less than 10 years. Actuarial reductions, found in 92 percent of the plans with adjustments, are more closely linked to life expectancies of the employee and spouse; formulas are based on such factors as age and sex of the employee and spouse.8 Summaries of pension plan provisions illustrate the ef fects of actuarial and arithmetic adjustments. An airline’s pension plan provides an example of the 50- and 100-percent joint-and-survivor options, with actuarial adjustments vary ing by age and sex.9 The following tabulation shows the percent of the employee’s normal, straight-life pension that is paid in a joint-and-survivor annuity while both retiree and spouse are alive and after the retiree dies. It assumes re tirement at age 65.10 Percent of normal pension paid under— 50-percent option 100-percent option Surviving Surviving Employee spouse Employee spouse E m p lo y e e age 65 an d — W ife age: 65 .................... . . . . 6 0 .................... . . . . 8 5 .5 8 1 .9 4 2 .7 5 4 0 .9 5 7 4 .7 6 9 .3 7 4 .7 6 9 .3 H u s b a n d age: 65 .................... . . . . 6 0 .................... . . . . 9 3 .3 9 0 .6 4 6 .6 5 4 5 .3 0 8 7 .5 8 2 .9 8 7 .5 8 2 .9 When a male employee and his spouse are both age 65 at retirement, the 50-percent option reduces the benefit to 85.5 percent of his computed normal pension; this provides the wife with an annuity of half that amount after his death. If the 100-percent option is elected, the employee’s benefit is reduced an additional 10.8 percentage points (to 74.7 percent) to provide the wife with the same annuity as the retiree’s after his death. However, if the wife is 5 years 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis younger, the employee’s benefit is further reduced by 3.6 percentage points under the 50-percent option and 5.4 per centage points under the 100-percent option. In the same plan, the corresponding pensions for a female employee are larger because of the shorter life expectancy of men. In other words, the husband is less likely to outlive his wife and thus receive a spouse’s pension. After the retiree’s death, the spouse continues to receive the same monthly annuity under the 100-percent option, but half of the monthly annuity under the 50-percent option. Because the normal pension was reduced to pay for the spouse’s benefit, a wife who is 5 years younger than an employee retiring at age 65 with the standard 50-percent joint-and-survivor option can expect a spouse’s benefit of 40.95 percent of the normal pension. A surviving husband, under similar conditions, would receive 4.35 percentage points more. A large manufacturing company plan, with a 55-percent joint-and-survivor option, provides a typical example of an arithmetic adjustment varying only by age. When both the employee and spouse are age 65, the employee’s pension is reduced by 10 percent to provide the spouse with an annuity of 55 percent of the reduced pension. Thus, the 55percent option would yield a spouse annuity equal to 49.5 percent of the employee’s normal, straight-life pension (90 percent x 0.55). However, if the spouse’s age is less than that of the employee, the employee’s pension is reduced an additional 0.5 percentage point for each year the spouse is younger than age 65. Therefore, a spouse 5 years younger than the employee would receive 48.125 percent of the em ployee’s norm al, straight-life pension (87.5 per cent x 0.55). This plan’s arithmetic adjustment is less than what would be required actuarially; on average, retired cou ples taking the joint-and-survivor option can expect to col lect slightly more over their lifetimes than if they refuse the option. Restoration to full pension. Under most plans, the retiree’s benefit is permanently reduced to provide a spouse’s ben efit— even if the spouse dies first. Only about 3 percent of plans with joint-and-survivor benefits provided for a “ pop up” or restoration of all or part of the amount of reduction. Most of these restorations followed the pattern negotiated by the United Auto Workers, in which the “ pop-up” benefit consists of a restoration to 100 percent of the straight-life annuity upon the spouse’s death. Other plans provided a schedule of restorations based on the length of time between retirement and death of the spouse, for example, complete restoration it the spouse’s death is within 1 vear of retire ment, but decreasing the restored amounts over the next 3 years until a 25-percent restoration is reached. Survivors of active workers Annuity provisions for spouses of employees who die while still at work differ from those applicable to survivors of retired employees. A pension plan’s preretirement spouse’s benefit gives a surviving husband or wife a part of the annuity earned by an active employee at the time of death. Although provision for this benefit was found in virtually all of the plans studied (909 of 914 plans), survivors were protected only if the employee had attained the required age and had the necessary length of service at the time of death (and had elected this coverage if, as described below, there was an extra employee cost for this protection). In most plans, employees had to qualify for early retirement (gen erally age 55 with 10 or 15 years of service) before their spouses were eligible for survivor’s coverage. However, minimum age requirements at times were more liberal than for early retirement. The following tabulation shows the number and percent of plans and the minimum age requirement for active work ers before surviving spouses could receive benefits: Number P la n s sp e c ify in g a m in im u m ag e re q u ire m e n t .................................................................... Y o u n g e r a g e th an fo r e a rly re tire m e n t S a m e a g e as fo r e a rly r e t i r e m e n t ........... O ld e r a g e th a n fo r e a rly re tire m e n t . . . . N o p ro v is io n fo r e a rly re tire m e n t ......... 909 198 688 19 4 Percent 100.0 2 1 .7 7 5 .6 2.1 .4 A plan with more liberal age requirements than for early retirement may, nevertheless, require the same length of service as for early retirement. For example, a plan may provide a spouse’s pension if death occurs at any age with 10 years of service, although early retirement is at age 55 with 10 years of service. A small number of plans had age requirements for the spouse’s benefit more stringent than those for early retirement. These plans permitted retirement more than 10 years before the normal age but limited the spouse’s annuity coverage to persons whose age was within 10 years of normal retirement, as allowed by e r i s a . Table 2. Provision for preretirement survivor annuity in private pension plans, medium and large firms, 1981 Plans Annuity1 Number Percent 914 100 Preretirement survivor annuity provide d......................................... 909 99 Joint-and-survivor-type annuity2 ................................................. 667 73 Based on early retirement benefit3 ......................................... Surviving spouse receives: 50 percent of employee p e n s io n .................................... At additional employee cost4 ...................................... 634 70 547 198 22 51 to 99 percent of employee p e n s io n ......................... At additional employee c o s r ...................................... 35 2 4 (5) 100 percent of employee pension ................................. At additional employee c o s t4 ................................... 52 5 6 1 Based on normal retirement benefit6 .................................... Surviving spouse receives: 50 percent or less of employee p e n s io n ...................... At additional employee cost4 ...................................... 33 4 33 9 4 Portion of accrued employee benefit ......................................... Reduced for early retirem ent.................................................... Unreduced for early retirement .............................................. Based on service projected to normal retirement age . . . . 228 25 13 Other annuity7 ............................................................................... 14 No preretirement survivor annuity provided8 ................................. 5 T o ta l............................................................................ 121 88 19 60 1 10 2 2 1 1Many plans offer an elective preretirement spouse option. If the elective provision was the only option, It was tabulated; if It was in combination with an automatic pretirement spouse option, only the automatic provision was tabulated. 2The spouse annuity Is computed as if the employee had retired with a joint-andsurvivor annuity; that is, the accrued pension is first reduced because of the longer length of time that payments were expected to be made to both the retiree and the surviving spouse. The spouse’s share is then the specified percent of the reduced amount. 3Survivor annuity is based on the benefit the employee would have received If early retirement had occurred on the date of death. 4Plan reduces the accrued employee pension benefit for each year survivor protection is in force. 5Less than 0.5 percent. 6Survivor annuity is based on the benefit the employee would have received if eligible for normal retirement on the date of death. 7lncludes annuity based on a percent of average monthly earnings, or a flat dollar amount. 8A p r e r e t i r e m e n t s u r v i v o r a n n u i t y is r e q u i r e d b y e r is a o n ly if p la n s a llo w th e p a y m e n t o f r e tir e e b e n e f it s p r io r to t h e p la n ’s n o r m a l r e tir e m e n t a g e . Method o f calculating benefits. The basis for determining the amount of the preretirement spouse’s annuity differed substantially among plans. (See table 2.) The dominant method, found in 73 percent of the plans, was derived from the joint-and-survivor mode of payment. Three-fifths of the plans provided the spouse with 50 percent of the early re tirement joint-and-survivor annuity. Although the reduction for early retirement varied widely, a reduction of 4 to 6 percent a year was common. Thus, the accrued pension of an employee who dies 10 years before normal retirement could be reduced by 40 to 60 percent before the spouse’s benefit is computed. The net effect of (1) fewer years of service due to an early death, (2) reduction in benefits due to extended years of payment associated with early retire ment, (3) a further reduction because of the joint-andsurvivor-based annuity, and (4) taking half of the resultant benefit as the survivor’s share leaves the spouse with a small portion of the normal straight-life pension. Ten percent of the plans gave the spouse more than 50 percent of the early https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N o te : Because of rounding, sums of individual percentages may not equal totals. retirement joint-and-survivor annuity, with 6 percent pro viding all of the reduced benefit. Another small group of plans (4 percent) with joint-and-survivor-based annuities made no reduction for early receipt of benefits, even if the employee died prior to the normal retirement age. The airline plan discussed earlier is an example of a plan giving the spouse 50 percent of the early retirement jointand-survivor annuity for which the employee was eligible on the date of death. This plan’s early retirement formula reduces benefits arithmetically for each year that retirement precedes age 62, using three age brackets and reductions ranging from 2.4 percent to 6.6 percent per year. For ex ample, an employee’s early retirement benefit at age 55 is 59.8 percent of the pension payable at age 62 with the same years of service. This pension is further reduced by 10.1 percent to pay for the joint-and-survivor option. As a result, an employee retiring at age 55 with a 50-percent joint-and27 MONTHLY LABOR REVIEW April 1984 • Surviving Spouse’s Pension Benefits survivor annuity would receive a pension equal to 59.8 percent x 0.899, or 53.7 percent of the accrued pension. Therefore, if that active employee died at age 55, the spouse’s monthly annuity would be half of 53.7 percent, or 26.9 percent of the straight-life pension that the employee had accrued, and a smaller percent of the normal pension. This benefit would be further adjusted up or down for any dif ferences in ages between employee and spouse. One-fourth of the plans provided a preretirement survivor benefit calculated as a portion of the employee’s accrued pension benefit, but with no reduction for joint-and-survivor coverage. These plans, however, varied in method of de termining accrued pension benefits. The largest group re duced the employee’s accrued benefit for early retirement, as if retirement had occurred on the date of death. Another group made no reduction for early retirement and computed benefits as if the employee qualified for normal retirement benefits on the date of death. A few plans based benefits on the years of service the employee would have accumu lated had he or she lived to normal retirement age. The more generous methods of determining accrued ben efits, however, typically used smaller percentages to cal culate the spouse’s share of the pension. Formulas based on the employee’s actual years of service, reduced for early retirement, on average, paid spouses 55 percent of the ac crued employee benefit. Those based on actual years of service but with no early retirement reduction averaged 53 percent, while formulas that projected service to the normal retirement age averaged 46 percent. Nevertheless, the sur veyed plans with more liberal approaches to calculating accrued benefits generally provided higher annuities to the spouse. Except for employees who die within a year or two of normal retirement age, the effect of higher calculated accrued benefits outweighed the relatively small reductions in the spouse’s share of employee pensions. Plans paying a designated portion of the accrued em ployee benefit to the surviving spouse also were less likely to adjust the benefit because of differences in age between the employee and spouse. While the joint-and-survivor-based formulas almost always reduced the pension actuarially for even small differences in age, two-fifths of the plans with other formulas made no adjustment at all. Many of the remainder used an arithmetic approach, reducing the pay ment by less than the actuarial techniques; frequently, these plans only made a reduction if the age difference was more than 3 to 5 years. Twenty-one percent of the plans studied offered a second method of calculating preretirement survivor’s annuities. In a limited number of plans (3 percent), spouses who qualified under the second formula received an annuity equal to the sum of the amounts calculated under both formulas. In the majority of cases, the secondary method of calculation was an alternative formula, to be used if it offered a higher benefit than the primary formula. In some cases, the alter native formulas were in effect prior to enactment of e r i s a 28 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and provided a higher benefit to persons with longer service. Other alternative formulas offered a higher benefit at em ployee cost as a substitute for the automatic coverage.11 Some examples of alternative preretirement spouse ben efit provisions are: • Instead of automatic 50-percent joint-and-survivor-based coverage, an employee may choose and pay for a larger portion of his or her accrued benefit. • When an employee reaches a specified age such as 60, the spouse’s annuity is computed based on a normal, rather than early, retirement formula. • Surviving spouses of employees covered by the pension plan prior to enactment of e r i s a in 1974 may choose a formula based on the employee’s accrued pension. • When an employee dies with few years of service, the surviving spouse receives a minimum annuity of 20 percent of the last month’s pay. The first three examples are common; the fourth is rare. Cost to employees. Under e r i s a , the cost of the pre retirement survivor annuity may be borne by participants; the pension benefit they would otherwise have received at early or normal retirement may be reduced for each year spouse’s protection is in effect. When this charge is levied, coverage is not automatic. In this instance, unlike postre tirement survivor annuities, workers desiring the coverage must elect it. Plans may require a choice no later than 2 years prior to its effective date, thus avoiding dispropor tionate use by employees with terminal illnesses. Twenty-four percent of the plans levied this charge; they permanently reduced the pension benefits ultimately paid to either a surviving spouse or retiree if preretirement survivor protection was elected by the employee. A typical cost is 0.6 percent of accrued benefits for every year the survivor annuity provision is in effect prior to the employee’s death or retirement. If an employee who chose to provide pre retirement survivor coverage at age 55 retires at age 65, the pension is automatically reduced by 6 percent (10 X 0.6 percent). If the employee dies at age 60 with the survivor provision in effect, the spouse’s pension is reduced by 3 percent. Lump-sum and limited payments As noted, substantially all of the pension plans studied provided for both preretirement and postretirement lifetime survivor annuities. A minority of the plans (27 percent) included death benefit provisions for surviving spouses— lump-sum payments and monthly payments for a limited time period. Twelve percent of the plans gave death benefits to spouses of active workers; 21 percent covered those of retired workers. Plans negotiated under collective bargain ing agreements, which accounted for nearly a third of the sample, had death benefit provisions more frequently than nonnegotiated plans. (See table 3.) For active workers, ne- Table 3. Collective bargaining status of private pension plans with death benefits, medium and large firms, 1981 Benefit Covered by collective bargaining agreements Not covered by collective bargaining agreements Number Percent Number Percent Postretirement plans ................................. Death be nefits......................................... In addition to survivors' annuities In lieu of survivors’ annuities . . . . No death benefits ................................. 282 99 31 100 35 11 100 183 24 65 632 89 45 44 543 Preretirement p la n s .................................... Death benefits......................................... In addition to survivors’ annuities In lieu of survivors’ annuities . . . . No death benefits ................................. 282 50 13 37 232 68 100 18 5 13 82 14 7 7 86 100 9 2 632 58 14 44 574 7 91 gotiated plans were twice as likely to have this benefit (18 compared with 9 percent); the ratio was even higher for retired workers (35 compared with 14 percent). The majority of plans with death benefits offered such benefits as alternatives to an annuity— 9 percent of the plans gave this option to spouses of deceased active workers and 12 percent to survivors of retirees. (See table 4.) A few examples are: • The surviving spouse of a worker eligible for early retirement benefits can choose either a small monthly annuity for life or a much larger monthly payment for 5 years. • The surviving spouse of a worker not yet eligible for early retirement automatically receives the death ben efit. • The surviving spouse of a retiree who waived a jointand-survivor annuity still receives a lump-sum benefit. The remaining plans with death benefits provided such ben Table 4. Type of benefit in private pension plans with death benefits, medium and large firms, 1981 Benefit Total p la n s ................................. Plans with death benefits ........................ Death benefits in addition to survivor annuity .............................................. Lump sum ......................................... Specified period of monthly benefits1 ......................................... Death benefit in lieu of survivor annuity ............................................... Lump sum ......................................... Specified period of monthly benefits1 ......................................... Plans without death b e n e fits ................... Preretirement benefit Postretirement benefit Number Percent Number Percent 914 108 100 12 914 188 100 21 27 3 76 53 8 6 5 (2) 23 3 81 39 9 4 112 12 2 11 42 806 88 5 96 726 22 2 16 79 1For the postretirement benefit, the number of annuity payments already received by the employee is counted in the specified period, potentially leaving the spouse with no death benefit. For the preretirement benefit, the value of the monthly payments may be taken in a lump sum in a minority of plans. 2Less than 0.5 percent. NOTE: Because of rounding, sums of individual percentages may not equal totals. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis efits in addition to an annuity— persons not eligible for an annuity receive only the death benefit. Three percent of the plans studied provided both a death benefit and an annuity for preretirement, and 8 percent provided for postretirement benefits. The majority of these plans paid a lump sum. Eligibility for benefits. Death benefit eligibility require ments differed for deaths before and after retirement. Spouses usually qualified for a postretirement death benefit if the retiree had met the plan’s minimum requirements for a pen sion. Three percent of the plans, however, had a more restrictive requirement; they specified minimum age and service requirements, commonly age 55 with 10 years of service. (These plans did not contain a minimum normal retirement age, allowing retirement at any age after, for example, 30 years of service.) Age and service eligibility requirements for preretirement death benefits varied widely; most plans paid benefits to a surviving spouse even if the employee did not meet re quirements for providing a survivor annuity. Frequently, the death benefit was paid regardless of age or years of service. The following tabulation shows age and service eligibility requirements for preretirement death benefits: Number Percent T o t a l ........................................................... 108 100 L ess a g e o r se rv ic e o r b o th th an fo r e a rlie s t p e n s i o n .......................................... N o re q u ire m e n t ......................................... W ith re q u ire m e n t .................................... 81 38 43 75 35 40 S a m e a g e a n d se rv ic e as fo r e a rlie st p e n sio n ............................................................... 17 16 M o re a g e o r se rv ic e o r b o th th a n fo r e a rlie s t p e n s i o n ................................................ 10 9 Plans with lower age and service requirements than those for the earliest pension most frequently provide a death benefit if the employee dies after 10 years of service, re gardless of age. Amount o f benefits. The value of the death benefits differed sharply among the plans in the sample. Most of the lump sum benefits were specified as flat dollar amounts. The most common amount was $1,000, although some plans paid as much as $10,000. The amount varied by type of benefit, averaging slightly higher for preretirement than for postre tirement death benefits, and higher for benefits in addition to, rather than in lieu of, survivor annuities. Not all plans specified a flat lump-sum amount: a few called for paying a specified amount for each year of service, averaging $48 per year (or less than $1,000 for 20 years of service). Eight plans provided a percent of average annual earnings, typi cally 35 percent (for example, $5,250 for average earnings of $15,000). If, instead of lump-sum payments, death benefits are dis tributed in the form of monthly payments, each payment is larger than that provided by a survivor’s annuity; monthly 29 MONTHLY LABOR REVIEW April 1984 • Surviving Spouse’s Pension Benefits death benefits equal the full monthly pension payment to which an active worker or retiree was entitled. However, monthly death benefits are paid for a limited period. Among the plans surveyed, surviving spouses of active workers receive the payment for an average of 71 months. Survivors of retirees also receive payments for an average of 71 months when the monthly payment is offered in lieu of a spouse’s annuity, but 66 months when it is in addition to an annuity. For retirees, however, the number of monthly pension pay ments that have been made during the retiree’s lifetime was deducted from the specified number of death benefit pay ments. Thus, if the retiree lives longer than the specified period and the death benefit was chosen in lieu of an annuity, the spouse would receive no payment. If the death benefit is in addition to the spouse’s annuity, the survivor’s payment is not reduced to the spouse’s share of the worker’s pension until all of the specified death benefit payments have been made. Other survivor’s benefits Although only a minority of the pension plans provided lump-sum or monthly death benefits, most of the firms cov ered by the study provided similar protection to survivors of active workers through life insurance. In 1981,96 percent of the employees in these firms had a life insurance policy paid at least in part by the employer— 81 percent had plans fully paid by the employer. Three-fifths of the employees with life insurance had coverage based on earnings— ben efits usually equaled one or two times earnings. Most of the remaining employees had a flat dollar amount of life in surance, seldom over $15,000 and frequently under $5,000. Production workers were more likely than white-collar em ployees to have flat dollar coverage. Retirees also frequently had employer-provided life insurance coverage. Three-fifths of the employees were in life insurance plans that continued to provide coverage after retirement, although almost always for a reduced amount.12 Social security is another source of income for many surviving spouses. If there are no dependent children, a 1The Employee Retirement Income Security Act of 1974 ( e r i s a ) requires that if an employee made contributions to a pension plan, the plan must provide for returning the participant’s accumulated contributions, with interest, if death occurs before retirement. 2The survey is conducted in a sample designed to represent all private sector establishments in the United States, excluding Alaska and Hawaii, employing at least 50, 100, or 250 workers, depending on the industry. Industry coverage includes mining; construction; manufacturing; trans portation, communications, electric, gas, and sanitary services; wholesale and retail trade; finance, insurance, and real estate; and selected services. For additional details on the survey, see E m p l o y e e B e n e f i ts in M e d iu m a n d L a r g e F i r m s , 1 9 8 1 , Bulletin 2140 (Bureau of Labor Statistics, 1982). See also Robert Frumkin and William Wiatrowski, “ Bureau of Labor Statistics takes a new look at employee benefits,’’ M o n t h l y L a b o r R e v i e w , August 1982, pp. 4 1 -4 5 . •’ Derived from pension plan summaries in 30 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D i g e s t o f S e l e c t e d P e n s io n surviving spouse age 65 or older can receive 100 percent of the employee’s social security benefits. Benefits may begin as early as age 60, but are reduced 5.7 percent for each year under age 65. Because social security does not pay dual benefits, survivors may not draw on their own accounts and also receive survivor’s benefits from the sys tem, but must choose one of the payments. Regardless of age, a surviving spouse with dependent children can receive 75 percent of the employee’s social security benefit until the youngest child reaches age 18 or marries. Each depen dent child also receives 75 percent of the employee’s benefit to age 18, or 22 if in school, subject to family maximums. Benefits are curtailed if the spouse remarries.13 Added protection proposed Since the enactment of the Employee Retirement Income Security Act of 1974, all private pension plans have included some type of provision for survivor’s benefits. All plans now offer postretirement survivor protection and nearly all offer preretirement protection. But the surviving spouse can lose these benefits if: (1) the active worker dies prior to reaching eligibility for the spouse’s benefit, (2) the active employee had not elected a preretirement spouse’s annuity offered at additional employee cost, (3) the couple does not meet the 1-year marriage requirement, or (4) the joint-andsurvivor annuity was waived by the employee at retirement. A bill approved by the Senate in 1983 would provide added protection for surviving spouses of retirees by pro hibiting the employee from waiving a joint-and-survivor annuity option unless the spouse approved.14The 21-percent of the plans studied that provide postretirement death ben efits partially fill the gap left by a waiver of the spouse’s annuity, but the degree of protection may be limited. This bill also affects survivors of active employees: a key pro vision would require the payment of survivor’s benefits to a spouse if a worker age 45 had at least 10 years of service. However, in some cases, only a small vested pension may have accrued and, after actuarial adjustment, a surviving spouse would receive minimal monthly payments. P la n s , 1970 Edition (Bureau of Labor Statistics, 1971). table 41. e r i s a is not the only source of legal requirements concerning survivor benefits. Internal Revenue Service rul ings limit favorable tax treatment to pension plans in which death benefits are incidental to their primary purpose. For additional detail, see Everett T. Allen, Jr., Joseph V. Melone, and Jerry S. Rosenbloom, P e n s io n P l a n n i n g , 4th Edition (Homewood, 111., Richard D. Irwin, Inc., 1981), pp. 83-89; and Dan M. McGill, F u n d a m e n ta l s o f P r i v a t e P e n s i o n s , 4th Edition (Homewood, 111. Richard D. Irwin, Inc., 1979), pp. 124-26 and 149-61. 5 It should be noted that some pension plans provide benefits to both the spouse and minor children or, in the absence of a spouse, to minor children or other dependents. Such benefits for children generally end at age 18 or 21. 6These plans, found in the steel industry, provide the survivor with 50 percent of the retiree’s pension less 50 percent of the spouse’s social 4 E m p l o y e e B e n e f i ts , security benefit, plus an amount equivalent to a 50-percent spouse benefit based on a joint-and-survivor annuity computed on the remaining half of the retiree’s pension. Minimum payments are provided for the latter cal culation. 9 Summary plan descriptions used here for illustrative purposes are avail able from the Labor Department’s Labor Management Services Admin istration file in Washington, D .C ., in accordance with the requirements of E R I S A . The plans used here were current as of March 1982. 7 In a July 1983 decision (N a t h a l i e N o r r i s v s . S t a t e o f A r i z o n a ) , the Supreme Court prohibited employer-provided pension plans from adjusting annuity payments on the basis of sex. Although this decision requires use o f a single actuarial table to compute unreduced monthly annuities for male and female employees, its rationale may also apply to annuity re ductions to pay for survivor benefits. See “ Developments in Industrial Relations,” M o n t h l y L a b o r R e v i e w , September 1983, p. 36. l0Employees in the plan can retire with unreduced benefits at age 62. However, age 65 is used in the example for comparison with the subsequent summary of a plan from a manufacturing firm. 8 Efforts to eliminate consideration of sex in actuarial adjustments in volves the three branches of government. In addition to the recent Supreme Court decision, there have been proposals for legislative changes. For example, a bill which prohibits sex discrimination in both pensions and insurance has been reintroduced in the House of Representatives; a coun terpart bill has been reintroduced into the Senate. The U.S. Department of Justice recently stated in a brief filed with the Supreme Court that pension benefits based on sex are discriminatory. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis "Tabulations of the types of secondary formulas and their age and service requirements are available from the authors. 12E m p l o y e e B e n e f i ts , tables 1, 28, 29, 30, and 31. 13For a more detailed description of social security’s survivor benefits see S o c i a l S e c u r i t y P r o g r a m s in th e U n i t e d S t a t e s ( s s a ) 73-11915 (U.S. Department of Health, Education, and Welfare, Social Security Admin istration, 1973). "This proposed bill, “ The Retirement Equity A ct,” H.R. 2769, would place several more stringent requirements on pension plans. In addition to those mentioned in this article, the bill addresses such topics as eligiblity for participating in a pension plan, vesting, and breaks in service. The future of marriage If women move into the labor force in increasing numbers and gain a more favored position in the occupational structure, this will tend to un dermine the traditional division of labor within the household and the interdependence this specialization implies. Marriages based on economic considerations alone will give way. The utilitarian basis of marriage will be eroded, and love, companionship, and perhaps children, will become the only reasons for maintaining a particular relationship. These marriages are likely to be less stable than marriages in the past, although those that do endure will probably provide greater satisfaction to the participants than economically motivated and socially constrained alliances. — K r i s t i n A. M o o r e a n d I s a b e l V. S a w h i l l , “ Implication of Women’s Employment for Home and Family Life,” in Patricia Voydanoff, ed., Work and Family: Changing Roles o f Men and Women (Palo Alto, Calif., Mayfield Publishing Co., 1984), p. 156. 31 ‘Lifetime earnings’ in Japan for the class of 1955 Those who followed a ‘lifetime employment pattern have received higher earnings than job changers despite the decline in returns for education and tenure during economic growth R o b e r t E v a n s Jr . Japan’s employment model has been that of Shushin Koyo or “ lifetime employment,” especially for male collegeeducated workers.1 Under such a system an individual be comes employed by a firm upon graduation, and remains in its employ until retirement some 33 or more years later. This is an idealized system which applies to perhaps 40 percent of the labor force, and with quite specific excep tions.2 In particular, women and employees in small firms are less well represented. Still, it has remained the model employment relationship and, as such, has dominated Jap anese thinking and employer practices. This article seeks to provide some understanding of earn ings in this world of lifetime employment by examining the experiences of male college graduates from the class of 1955.3 An ideal analysis would be based upon individual income records and would be done once the age cohort had completed its life cycle of work and had withdrawn from the labor market. No known data source allows completely for the first, and the second would relegate the analysis to the domain of economic history. Lacking more appropriate data, the article focuses upon that representative person, the average individual, as recorded once every 5 years in reports of the Wage Structure Survey (Chingin Kozo Kihon Tokei Chosa).4 Robert Evans Jr., Atran professor of economics, Brandeis University, was visiting professor at Keio Economic Observatory, Keio University, 198283. 32 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tenure versus mobility The experience of those men who entered the labor force in 1955 has been unique. During that year, Japan’s real per capita national income reattained its prewar level (1934— 1936).5 There followed the 1960’s with double-digit rates of real growth, and the 1970’s with the oil shock and the first postwar year of negative growth (1974). In 1980, at fhe age of 47, these men had almost reached the peak of Iheir real annual earnings, and many had attained their po sitions of highest rank and authority. In a world whose model is lifetime employment, one would expect that the years of economic expansion follow ing 1955 would have been characterized by increasing lengths of employee tenure. In 1955, college graduates then age 40 to 49 had an average tenure of 9.7 years, a number which certainly reflects the dislocations caused by the war. Twentyfive years later, the average tenure for 40- to 49-year-olds had nearly doubled to 18.9 years.6 Yet the pattern of long service in 1980 was not uniform across major industries. Overall, approximately 6 in 10 of those 45 to 49 years of age had worked between 20 and 29 years for their current employer. In public utilities and in finance and insurance the ratios were about 9 in 10, but in the business and personal service industries, it was 4.3 in 10, less than half the av erage. The trend toward longer tenure has been experienced by all age cohorts. Ichiro Kitayama reported that the proportion of standard workers (lifetime employees) rose from 29.7 Table 1. Wage index for college-educated men age 45 to 49, and percentage with 20 to 29 years of service, by industry and firm size, 1980 Industry Years of Service All industries 1 2 ...................... ...................... 3— 4 .............. 5— 9 .............. 10— 1 4 ........... 15— 1 9 ........... 20— 29 ........... Percentage employed with 20— 29 years of s e rv ic e ................. N o te : T h e p r e m iu m Manufacturing 72 82 79 83 90 Wholesale and retail trade Finance and insurance 62 85 67 73 76 83 45 62 67 97 93 85 73 79 79 75 88 100 88 90 100 59.6 65.8 f o r te n u re e q u a ls 100 fo r 20 to 29 Firm size Public utilities Service Transportation and communication 48 89 115 85 82 75 80 97 104 114 95 81 85 100 100 100 50.7 86.7 88.5 100 to 999 workers 10 to 99 workers 57 75 90 94 76 92 72 90 90 90 86 101 100 88 100 84 93 90 100 94 106 97 100 100 42.6 81.9 78.3 53.2 25.2 92 y e a r s o f s e r v ic e . percent of all workers in 1954 to 54 percent in 1978.7 In large firms (1,000 or more employees), the proportion of standard workers was 72.3 percent in 1978, but for small firms (10 to 99 employees), the share was only 30 percent. The proportion of standard workers was highest in finance and insurance, 83.8 percent, and lowest in mining, 28.3 percent. Yet all industries and firm sizes recorded increased proportions over the postwar years including the period after the 1973-74 oil shock. As indicated in table 1, those in the 1955 cohort who have stayed with their original employer generally have higher salaries than others of the same age and educational background subsequently hired by the same employer. The premium for tenure is the excess value of money associated with consistent, lifelong employment. However, in the ser vice industry, the premium received by those with lifetime employment was smaller compared with the premium of those with only 10 to 14 years of tenure, who joined firms which needed mid-career professionals during the 1960’s, when the economy was growing most rapidly. The premium of tenure was largest for employees of major firms. A newly employed college graduate, 45 to 49 years of age, earned 57 percent of what a similar employee who had been with the firm for 20 to 29 years would have re ceived. Yet, only when long-service employees are com pared with those who had changed jobs in the last 5 years, Table 2. 88 1000 workers or more is the premium for long tenure so high. For major firms, these last few years have been a time of slow growth and weak demand for new employees. As a general rule, the smallest premium for long tenure is paid by small firms which adhere least to the lifetime employment pattern. Mo bility for employees in medium sized firms and firms in the service industries has been rewarded over tenure, especially during the years of rapid growth in Japan’s economy. Wage differentials During 1955-80, the average real wage for the class of ’55 has risen 7.38 times. (See table 2.) If bonuses are in cluded, the increase has been 8.35 times.8 (For an Ameri can, the comparable real increase might be on the order of 2.75 times, or about one-third as much, approximately in line with the different rates of economic growth in the two countries.9) The greatest gain in wages for the 1955 cohort occurred between the ages of 27 and 37. Specifically, wages increased about 70 percent during both 1960-1965 and 1965-1970, when per capita real growth in Japan’s economy was 50 percent and 60 percent. As can be seen in table 3, there was a distinct widening of wage differentials in the early years of postwar growth, 1955-60. Since that time there has been a marked reduction in wage differentials by age, especially during the years of Monthly real wages of the class of 1955, by industry, 1955-80 [In 1,000 of 1975 yen] All industries Age Year Wage 22 27 32 37 42 47 ........... ........... ........... ........... ........... ........... 1955 1960 1965 1970 1975 1980 37.9 63.7 109.7 175.7 236.3 279.8 Wage and bonus 148.1 139.4 243.3 339.6 401.6 Manufacturing Wage 40.4 66.7 106.7 182.4 242.2 275.2 Wage and bonus 130.8 252.5 355.7 396.7 1Assumes that the bonus/wage ratio of 1965 also applied in 1955. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Finance and insurance Trade Wage 35.4 59.5 102.7 172.9 237.4 244.5 Wage and bonus 134.6 236.0 351.6 370.9 Wage and bonus Wage 38.3 66.3 108.5 231.9 259.8 322.0 S Public utilities ource Wage Wage and bonus Services Wage Wage and bonus : 101.1 171.0 247.5 418.1 Wage Wage and bonus 36.8 63.5 64.4 153.1 357.6 396.7 501.5 Transportation and communication 136.3 234.0 342.5 421.7 100.0 232.5 295.8 323.5 418.5 159.5 208.5 243.5 131.9 210.1 291.1 335.2 Chingin Kôzô Kihon Tôkei Chôsa [Wage Structure Survey ], various years. 33 MONTHLY LABOR REVIEW April 1984 • Lifetime Earnings in Japan Table 3. Ratios of earnings of coliege-educated workers age 40 to 49 to those of similar workers age 25 to 29, by sex, selected years, 1955-80 Men Year 1955 1960 1965 1970 1975 1980 Women Wage Wage and bonus 1.81 2.67 2.41 2.04 1.89 1.98 (1) (1) 2.64 2.26 2.04 2.19 ........... ........... ........... ........... ........... ........... Wage Wage and bonus 1.75 (2) (2) (2) 1.69 (1) (2) (2) (2) 1.73 1.72 1.68 1Data not available. Separate data for female college graduates were not available for 1960-1970. S ource : Chingin Kozo Kihon Chosa [W a g e Structure Survey]. rapid growth, 1960-75, and a modest widening during the following 5 years. In the manufacturing firms, pay differentials between college-educated white-collar workers and high school-ed ucated blue-collar workers have also declined. (See table 4.) In 1960, college graduates, ages 20 to 24, received about 10 percent higher wages than did similarly aged high schooleducated blue-collar workers. By 1980, it was the bluecollar workers who received almost 10 percent more. Sim ilarly, the educational premium, which at older ages had been more than 100 percent, declined significantly. Inter estingly, the largest percentage declines occurred at older ages. It would appear that the slowdown in the economy after 1974 has also slowed the decline in educational ratios, but it did not, as was the case for the age premium, reverse them. These declines in the relative return to college edu cated workers may reflect the very large increase in the number of such workers. While the size of birth cohorts age 20 to 24 generally declined after 1953,10 the number of graduates did not, because of the large increase in the number of students who continued their education beyond high school. In 1960, there were 17 college graduates for every 100 high school grad uates; by 1980, the ratio was 48 to 100. This meant that there were 2.1 times as many college graduates (as a pro portion of their age group), ages 25 to 34, compared with Table 4. Earnings of white-collar college graduates relative to those of blue-collar high school graduates by sex and age, selected years, 1960-80 Men Age 20— 24 25— 29 30— 34 35— 39 40— 44 45— 49 40— 49 N o te ................ ................ ................ ................ ................ ................ ................ No bonus Women Bonus 1960 1965 1965 1970 1975 1980 1980 1.16 1.14 1.32 1.58 1.08 1.09 1.23 1.44 1.04 1.14 1.33 1.60 .95 1.08 1.28 1.51 1.84 2.17 1.97 .91 1.08 1.19 1.42 .92 1.04 1.19 1.34 1.59 1.87 1.63 1.05 1.45 1.92 2.62 2.58 2.52 2.55 — — — — 1.98 1.78 — — 2.10 1.68 1.98 1.79 Data before 1980 for women not available. Dashes Indicate data are not avail : able. S ource : Chingin Kozo Kihon Tôkei Chôsa [Wage Structure Survey]. 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis those ages 45 to 54. In 1978, the United States had 1.4 times as many college graduates 25 to 34 as in 1960. During the period of rapid growth, 1955-75, the Japanese labor market moved from conditions of relative surplus to relative shortage. The ratio of jobs available to |ob seekers at the Public Employment Offices rose from .22 in 1955 to more than 1 in 1967 and remained above 1 until 1975. This tightening in the labor market affected both the hiring and wage policies of companies. They became willing to hire midcareer employees as well as those just graduating from school. This increased competition for labor resulted in higher wages for those entering at the hiring ports. The relatively lower wages for older workers are a direct result of such pressure. At the same time, the premium for tenure also declined as midcareer employees’ wages rose relative to those of continuing employees of similar age and education. In 1965, male college graduates ages 40 to 49 with 5 to 9 years of tenure received 65 percent of the wages of those with 20 to 29 years of service; in 1970, they received 76 percent and in 1981, 82 percent. Given these large increases in the number of college ed ucated workers, it is hardly surprising that the premium for a college education has declined. However, the largest per centage decline has occurred at older ages where the number of college graduates was relatively small, yet, in percentage terms, the increase in the number of college graduates at older ages had been more rapid. Labor market for women The labor market for Japanese women, even well edu cated ones, is quite distinct from that of men. Traditionally, Japanese society has considered marriage, household re sponsibilities, and the raising of children as a woman’s central concern (though there are signs this view is chang ing). Thus, the employment of women extends from grad uation until the birth of a first child, followed by withdrawal from the labor force and possible reentry some years later. Among female college graduates, ages 45 to 49 in 1980, only 22.2 percent had worked for the same firm for 20 to 29 years, compared with 51.6 percent for their male coun terparts. As a consequence, most women have never been given the opportunity to progress to more responsible, higherpaid positions. In 1980, the average wage differential be tween male college graduates ages 45 to 49 and those 25 to 29 was 2.19, compared with 1.79 for women of similar ages and educational attainment. Yet, even when years of firm service are comparable, women’s wages lag behind. In 1980, female college graduates 45 to 49 with 20 to 29 years of company service earned 71.6 percent of the male graduates’ income including bonuses. The ratio was lower in large firms, 67 percent, and higher in middle-sized firms, 83.6 percent. The service and transportation and commu nication industries had greater ratios for women than those in manufacturing and trade. At younger ages, before the impact of more responsible jobs associated with tenure for Table 5. Percent of college graduates in the U.S. and Japanese populations, by sex and age, 1978 and 1980 United States (1978) Japan (1980) Age 25 and under 25— 34 . . . . 35— 44 . . . . 45— 54 . . . . 55— 64 . . . . 65 and over S ource : Men Women Men Women 15.3 25.2 17.2 2.9 6.9 3.2 1.3 .5 .4 20.4 27.7 24.4 19.7 14.2 9.6 20.0 15.0 10.6 8.2 11.8 6.3 4.8 13.9 7.7 Rodo Hakusho [Labor White Paper], appendix, p. 118. The Japanese data are from the 1980 census and the U.S. data are from the Current Population Reports. men is felt, the ratio of female to male wages is much higher, 91.0 percent for college graduates 20 to 24 years of age in 1980. Some of these differences reflect divergent patterns of college attendance. Table 5 shows that the college gradu ation rate of Japanese women is much lower than that of men. The distribution of courses of study also varies by sex and may contribute to earnings differences: In 1980 the two principal majors for men were social science (47.9 percent) and engineering (24.6 percent), and for women, humanities (35.4 percent) and education (18.2 percent). Returns for education: U.S. versus Japan The recent interest in earnings of the U.S. baby-boom generation" has provided some data which may be com pared with those for Japan. The following tabulation pre sents relatively equivalent income ratios for male collegeeducated workers in the two countries. The educational pre mium for workers ages 35 to 44 in the United States appears to have remained constant at about 50 percent, while in Japan that premium, initially about equal to that in the United States, has declined to about 20 percent. Both coun tries have experienced declining income ratios for younger men, but the Japanese decline has been more pronounced.12 College/high school A g e 3 5 - 4 4 ......................................... A g e 2 5 - 3 4 ......................................... United States 1967 1979 Japan 1965 1980 1.50 1.32 1.49 1 .2 4 1.49 1.20 1.21 1.09 The pattern of income-age ratios for the two countries over time is very different. For the United States, the ratio has widened; older college-educated workers now receive relatively more than do younger college-educated workers. In Japan, that ratio has closed somewhat, although because it was initially large, older college-educated workers con tinue to earn relatively more than younger ones. There are several possible explanations.13 One is the difference be tween the two countries in the proportions of collegeeducated workers at different ages. A greater proportion of the highly educated males in the United States are found at older ages as compared with Japan.14 In the United States, college-educated workers, if they retain their health, may expect to maintain their high salaries into their 60’s. In Japan, with nominal retirement between 55 and 60 years of age, a worker must either accept reemployment with the primary firm at lower wages or seek alternative employment, usually at lower wages. In 1980, Japanese college-educated workers 55 to 64 earned 15 percent less than did those 45 to 55. For those 60 to 64, the difference was 28 percent. In 1978, the earnings of U.S. male college graduates 60 to 64 were only 3 percent less than those of college graduates 45 to 49 years of age.15 Thus, in Japan, a greater proportion of lifetime earnings must be achieved in the middle years. The premium for tenure Although there are qualifications, it seems that in Japan those who have not been mobile have received the highest incomes.16 There are no exactly comparable data for the United States. In a recent article, George Borjas has argued that higher U.S. wages are associated with long tenure, not mobility. Using data from the National Longitudinal Survey for older men, he found that the least mobile men in 1964 had wages 37 percent higher than the most mobile ones. He explained this on the basis of their having obtained more on-the-job training experience. g r a d u a t e s w h o e n t e r e d the labor force in 1955 have seen their incomes rise dramatically, despite the fact that over most of their working lives, the relative returns to both education and experience have been declining.17 Their entry into the labor market came at a time when the pattern of long tenure was becoming stronger, and generally, it appears that those who have followed the practice of “ life time employment” have benefited from it. With the excep tion of the boom years during 1960-70, the long service member of the 1955 cohort has done best. □ T h o se FOOTNOTES. A c k n o w l e d g m e n t : The author is indebted to his colleagues at Keio’s Economic Observatory and to the Japan-United States Educational Com mission (Fullbright) for research support. Atsushi Seike, Haruo Shimada, and Jim Vestal offered useful and appreciated suggestions. 'For a recent discussion of lifetime employment, see Robert E. Cole, W o r k , M o b i l i t y a n d P a r t i c i p a t i o n (Berkley, University of California Press, 1979), pp. 11-32. 2Robert Evans, Jr., T h e L a b o r E c o n o m i e s o f J a p a n (New York, Praeger Publishers, 1971), p. 39. a n d th e U n i te d S ta te s 3 Although data for a single year are illustrative, they may be too re https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis strictive. The generation of the Great Depression or the one destroyed in Europe during World War 1 were each composed of several graduating classes. Even multiple year groupings have problems because of substi tution across age classes. 4The survey has been conducted annually by the Ministry of Labor since 1954. The reports contain data by industry, firm size, education, tenure, and age in 5-year intervals. For the 5-year surveys, 1955, 1960, 1965, 1970, 1975, and 1980, the average age in the relevant age bracket is that of members in this class. In 1955, the average age for those 20 to 24 was a little higher, and the average age for those with less than 6 months of service has been used. 35 MONTHLY LABOR REVIEW April 1984 • Lifetime Earnings in Japan 5 William W. Lockwood, “ Japan’s New Capitalism,” in William Lockwood, ed., T h e S t a t e a n d E c o n o m i c E n t e r p r i s e in J a p a n (Princeton, N.J., Princeton University Press, 1965), p. 449. 1979, pp. 289-318; and Finis Welch, “ Effects of Cohort Size on Earnings, The Baby Boom Babies’ Financial Bust,” Part II, J o u r n a l o f P o l i t i c a l E c o n o m y , October 1979, pp. s65-s97. 6For those 40 to 49 years of age, the average tenure was 17.3 years, an 80-percent increase. l2The U .S. source contained data for the period 1967-79. For com parison with the Japanese data, the closest years were used which also had been used for the class of 1955. For the United States, peak earners are those with 20 to 29 years of experience and new entrants have 1 to 5 years of experience. For Japan, the ratios are for earnings including bonuses of 40- to 49-year-olds for peak earners and 20- to 24-year-olds for new entrants. Also, the 1965 data for Japan for those age 35 to 44 are an estimate based upon a rate of 1.6 for 40- to 49-year-olds and 1.42 for those 35 to 39 years of age. See W a g e S tr u c tu r e S u r v e y [ C h in g in K o z o K ih o n T o k e i C h o s a ] , Data on full-year workers are from the Current Pop ulation Reports, contained in a seminar paper presented by James Smith, Keio University, Tokyo, Nov. 4, 1982. 7 Ichiro Kitayama, “ Chingin Kozo Tokei kara mita Nenko Chingin to Shushin K oyo” [“ Seniority Wages and Lifetime Employment as seen in the Wage Structure Surveys” ], R o d d T o k e i C h o s a G e p p o [ M o n t h l y L a b o r S t a t i s t i c s a n d R e s e a r c h B u l l e t i n ], September 1979, pp. 14-22. The mean ing o f “ standard worker” in this article is a less strict definition of the number o f years of tenure needed to be considered to have followed a lifetime employment pattern. In 1980, Kitayama’s method would show that 75.8 percent of those in the class of 1955 were lifetime employees, but according to my approach, 59 percent followed lifetime employment. The difference is my exclusion of those with 15 to 19 years of tenure. 8This assumes that the bonus/wage ratio for 1965 also applied to 1955. 9The estimate is based upon movement from a level I position to the top position in the occupations accountant, auditor, job analyst, chemist, and engineer over the years 1955-1980, with the 1955 average being a backward projection. The comparison of growth rates is based upon those contained in T h e S t a t i s t i c a l A b s t r a c t o f th e U n i t e d S t a t e s , 1981, p. 423. iQJapan had a short baby boom after the war. Live births, which had been 2.3 million in 1944, peaked in 1949 at 2.7 million, and remained above 2 million until 1953. Since that time, the number of births has exhibited a general pattern of stagnation or decline, with the exception of the years 1971-74, during which the 2-million mark was surpassed. In 1971, there were 12.5 million people 20 to 24 years old, but 10 years later there were only 8.1 million. The bulge appears in the 30-to-34 age range in 1981. This demographic bulge, at least for college graduates, does not seem to have been disproportionately affected by changes in the returns to education, although the dramatic inflation of the early 1970’s and the slowdown in growth after the oil shock may mask some effects. " S ee, for example, Richard B. Freeman, “ The Effect of Demographic Factors on Age Earnings Profiles,” J o u r n a l o f H u m a n R e s o u r c e s , Summer 36 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13U .S. age-income profiles are compared with those in Japan in Haruo Shimada, E a r n i n g s S t r u c t u r e a n d H u m a n I n v e s t m e n t (Tokyo, Kodansha, 1981). See in particular the discussion on pp. 8 1-96. 14For example, 14.2 percent of men age 55 to 64 are college graduates in the United States compared with 6.3 percent in Japan. S e e R o d o H a k u s h o 1 9 8 2 [ L a b o r W h ite P a p e r ] , appendix, p. 118. 15R o d o H a k u s h o 1 9 8 2 [ L a b o r W h ite P a p e r ] , reference materials, p. 24. 16The statement is based upon data which indicate income by length of service with the employer. A worker could be at a disadvantage compared with long-service employees in the same firm and still be better off than if he had not changed jobs. In 1980, 16 percent of those college-educated men who changed jobs obtained at least a 10-percent wage increase. An other approximately 20 percent received up to a 10-percent increase in wages, but may have had lower income owing to a loss in bonuses. R o d o H a k k u s h o 1 9 8 2 [ L a b o r W h ite P a p e r ] , reference materials, p. 75. 17 Some sense of how they have fared compared to older and younger college cohorts may be seen in Yoko Sano, “ Nenreibetsu Chingin no Cohoto Bunseki” [“ Wage Analysis Based on Cohorts by A ge” ], M ita S h o g a k u K e n k y u [ M ita B u s i n e s s R e v i e w ] , February 1983, p. 182. Meatpacking and prepared meats industry: above-average productivity gains During 1967-82, industry restructuring brought on by the introduction o f boxed beef and increases in capital expenditures per employee boosted productivity; labor requirements have been reduced by technological changes R ichard B. C arnes New products and packaging have encouraged industry re structuring and new technology in the red meat products industry1 and helped boost productivity. Between 1967 and 1982, productivity (as measured by output per hour) in creased at an average annual rate of 2.8 percent and from 1976 forward, the rate accelerated to 3.2 percent. In con trast, the comparable figures for all manufacturing industries were lower, 2.4 and 1.6 percent. The productivity growth for the meatpacking and prepared meats industry resulted from an annual increase in output of 2.2 percent and a decline in employee hours of 0.6 percent. (See table 1.) As with many industries, year-to-year changes in pro ductivity are often closely associated with changes in output. For the red meat products industry, 5 of the 6 years in which output declined were also years in which productivity de creased. Similarly, when output jumped 21 percent in 1976 and 1977, there was an increase in productivity of more than 18 percent. The two subindustries (meatpacking and prepared meats) examined in this study that make up the red meat products group have different underlying rates of change in produc tivity. (See table 2.) The meatpacking industry (sic 2011), which accounts for 67 percent of the persons employed in Richard B. Carnes is an economist in the Division of Industry Productivity Studies, Bureau of Labor Statistics. John L. Carey, project coordinator, assisted in developing the productivity measure. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis red meat products and for 80 percent of the value of ship ments, had a productivity growth rate of 3.2 percent between 1967 and 1982. This growth accelerated to 3.6 percent since 1975. Productivity in the prepared meats industry (sausages and other prepared meats, sic 2013) grew at a slower 1.9percent annual rate during the study period, and advanced to 2.4 percent since 1975. The output and hours of these two industries also showed different rates of growth from 1967 to 1982. Output in the prepared meats industry rose at an annual rate of 3.4 percent and hours increased 1.5 percent, while in meatpacking plants output grew only 1.7 percent and hours dropped 1.4 percent. Both industries experienced output declines in 1969, 1973, 1975, 1978, and 1982. However, these decreases in output had less adverse effect on productivity in meatpacking plants than for prepared meat processors, as meatpackers were better able to adjust their work force hours to meet demand changes. For example, in 1982 when output dropped more than 4 percent in both the meatpacking and prepared meat industries, productivity fell 4.1 percent for meat processors and rose 1.3 percent for meatpackers. Productivity in meatpacking plants has benefited from increased mechanization resulting from the marketing of boxed beef (vacuum packaged subprimal cuts of beef). For the makers of sausages and other prepared meats, produc tivity trends reflect both strong demand and more gradual technological changes in batch processing equipment typical of this industry. 37 MONTHLY LABOR REVIEW April 1984 • Productivity in Meatpacking Table 1. Productivity and related indexes for the red meat products industry, 1967-82 [1977 = 100] Year Output per employee hour Output 1967 ........................................... 1968 ........................................... 1969 ............................................ 74.8 76.6 75.7 76.5 77.3 76.2 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 77.3 79.3 85.0 82.8 84.5 84.4 93.4 78.3 81.8 84.9 78.2 85.2 82.3 92.8 ............................................ ......................................... ............................................ ...................................... ......................................... ............................................ ............................................ ............................................ ................................. ......................................... 1980 ............................................ 1981 ............................................ 1982 ............................................ 100.0 98.7 101.7 107.0 107.9 107.7 100.0 97.0 97.9 101.4 100.5 96.3 All employee hours 102.3 100.9 100.6 101.3 103.1 99.9 94.5 100.8 97.5 99.4 100.0 98.3 96.3 94.8 93.1 89.4 Employees 100.2 100.7 100.2 100.2 101.5 99.5 94.8 99.5 97.4 98.4 100.0 98.8 96.1 95.4 93.5 90.2 Average annual rates of change (in percent) 1967-82 1967-72 1972-75 1975-80 1980-82 ................................. ...................................... ................................. ................................... ...................................... 2.8 2.2 0.0 4.2 0.3 2.2 2.1 -0 .1 3.4 - 2 .5 - 0 .6 -0 .1 -0 .1 -0 .7 - 2 .9 - 0 .5 0.0 - 0 .2 - 0 .5 - 2 .8 Subperiod productivity trends In the red meat products industry, four distinct subperiod trends in productivity emerge. During 1967-72, output per hour advanced at an annual rate of 2.2 percent. Productivity fell in only 1 year, 1969, due to a drop in demand linked with a significant increase in retail meat prices. From 1972 to 1975, there was no productivity change as a result of output declines in 1973 and 1975. This period was marked by a protracted 17-month recession and sharply rising meat prices. During 1975-80, productivity showed its greatest gains. Output per hour rose at an annual rate of 4.2 percent, as output rose 3.4 percent and hours declined 0.7. During this period, consumer meat prices increased more slowly than other components of the Consumer Price Index, helping to keep output above its long-term rate of growth. From 1980 to 1982, there was little productivity gain as a result of 2 years of declining output associated with the economic recession. Productivity for meatpackers and prepared meat proces sors showed similar variability in these four subperiods. Productivity in meatpacking establishments grew 2.9 per cent annually from 1967 to 1972, rose 0.4 percent during 1972-75, climbed 3.7 percent from 1975 to 1980, and ad vanced 2.9 percent since 1980. In prepared meat processing plants, productivity grew marginally during 1967-72, dropped at an annual rate of 1.0 percent from 1972 to 1975, jumped 5.4 percent annually from 1975 to 1980, and declined 7.4 percent in 1981 and 4.1 percent in 1982. Demand for red meat products Output for meatpackers and prepared meat processors grew at an average annual rate of 2.2 percent from 1967 to 1982, which is similar to the 2.4-percent trend for manu 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis facturing as a whole. Demographic factors have helped raise demand for meat products during this period and include rising living standards, population growth, and the larger number of working women. This last factor has led to in creased consumption of higher valued prepared meats away from home. Per capita consumption of beef rose 20 percent from 1967 to 1976, but has fallen since then. Per capita consumption of pork has risen, while that of veal, lamb, and mutton have declined. The falloff in per capita con sumption of red meat products and increased use of poultry items is expected to make the constant-dollar demand for red meat smaller between now and 1987, about 1.5 percent annually.2 For meatpackers, the trend has been away from marketing whole carcass beef shipped by rail to the shipment of boxed beef transported in trucks. In addition, the growing insti tutional market has increased the need for prepared meat products and the packaging of smaller portions. In the pre pared meat industry, there has been a product shift to hams, sausages, and luncheon meat and away from franks, bo logna, and bacon. Canned ham has declined in relative importance and has been replaced by more efficiently pack aged, film-wrapped ham. The trend toward two-earner fam ilies and consequently to more eating out is expected to continue with an increasing demand for a larger variety of processed convenience meat. Current emphasis in the meat industry is on ways to produce more products which have lower caloric, salt, and fat content. Small declines in employment Despite increased production, employment in the red meat products industry dropped 0.5 percent annually, from 242,000 in 1967 to 218,000 in 1982. Employment trends have varied among the subindustries. The meatpacking industry work force declined at an average annual rate of 1.3 percent. Employment fell in every year except 1974, 1976, and 1977, which were marked by above-average output increases. In the prepared meats industry, employment trends were pos itive during 1967-82, growing at an annual rate of 1.6 percent, with employment falling in only 2 years. In 1975, employment declined following the 1974 recession and an industry falloff in demand; in 1979, employment dropped following a decrease in industry demand in the preceding year. The red meat products industry is more labor-intensive than manufacturing, in general, and has a higher-thanaverage proportion of production workers. To produce an additional $1 in value-added sales requires 27 percent more production worker hours than for all manufacturing. For meatpackers, whose labor costs average one-half of all op erating expenses, 36 percent more production uoiker hours are required than for all manufacturing and in the prepared meat industry, 11 percent more labor time is needed. In the meatpacking industry, production workers make up 82 per cent of the work force and in the prepared meats industry they account for 74 percent, compared with 68 percent for all manufacturing. In meatpacking, additional production workers are needed because of the difficulties associated with processing carcasses that are not uniform in size or weight. Women account for a relatively small but growing per centage of the work force in the red meat products industry. During 1967-82, their proportion increased from 18 to 22 percent, compared with a higher level for total manufac turing where female employment increased from 28 to 32 percent. In meatpacking plants, which have a higher number of physically demanding occupations, the proportion of women has increased from 14 to 18 percent, while in the prepared meats industry their proportion has remained at about 30 percent. Average hourly earnings for production workers in the red meat products industry averaged $9.02 in 1982, compared with $7.67 for the private nonfarm econ omy and $8.50 for manufacturing as a whole. Over the past decade, labor turnover has been relatively high in the meat products industry. For meatpackers, the accession rate, which includes new hires and recalls, av eraged 4.8 per 100 employees each year, compared with 4.0 for all manufacturing. The separation rate, which in cludes quits and layoffs, was also higher, averaging 5 per 100 employees, compared with 4.1 for all manufacturing. In the prepared meats industry, the accession rate was sim ilar to the average for all manufacturing, while the separation rate was about 10 percent higher. In the past several years, labor turnover rates have narrowed between meatpackers and meat processors but still remain high, relative to other manufacturing industries. In meatpacking plants, slaughtering and the processing of cattle carcasses into boxed beef require extensive use of manual labor. Unlike processed meat manufacturing, many T a b le 2 . P r o d u c t i v i t y i n d e x e s f o r t h e r e d m e a t p r o d u c t s in d u s tr y a n d tw o c o m p o n e n ts , 1 9 6 7 -8 2 [1977 = 100] Red meat products Meatpacking Sausages and other prepared meats 1967 ................................................. 1968 ................................................. 1969 ................................................. 74.8 76.6 75.7 73.6 76.1 76.3 79.2 78.9 73.8 1970 ................................................. 1 9 7 1 ................................................. 1972 ................................................. 1973 ................................................. 1974 ................................................. 1975 ................................................. 1976 ................................................. 1977 ................................................. 1978 ................................................. 1979 ................................................. 77.3 79.3 85.0 82.8 84.5 84.4 93.4 78.7 79.8 87.1 88.7 72.8 78.8 80.2 69.1 76.7 74.8 84.2 1980 ................................................. 1 9 8 1 ................................................. 1982 ................................................. 100.0 88.1 88.6 97.5 100.0 100.0 98.7 101.7 100.9 104.9 93.6 94.6 107.0 107.9 107.7 109.1 114.1 115.6 101.8 94.3 90.4 Average annual rates of change (in percent) 1967-82 1967-72 1972-75 1975-80 1980-82 ......................................... ......................................... ......................................... ......................................... ......................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.8 2.2 0.0 4.2 0.3 3.2 2.9 0.4 3.7 2.9 1.9 0.1 - 1 .0 5.4 - 5 .8 of these tasks are not suitable for machine processing. Major work functions in both meatpacking and prepared meat prod uct plants include cutting, curing, and smoking prepared sausages and other meats; packing and shipping; and clean ing and plant maintenance. Additionally, meatpacking plants have workers engaged in animal handling and slaughtering operations. In 1980, operatives made up nearly two-thirds of the industry’s work force, while craftworkers and laborers each accounted for about 8 percent. White-collar employees had declined in relative importance, which is in contrast to an increasing trend in many other manufacturing industries. White-collar employees accounted for 15 percent of the work force, while service workers represented 5 percent. For meatpackers, 40 percent of the work force is located in the Middle West, while in the prepared meat industry 30 percent of the work force is concentrated in the Great Lakes area. Slaughter and fabrication facilities tend to be at the same location and close to a source of cattle. Metropolitan areas accounted for 60 percent of the meatpacking work force and nearly 80 percent of the prepared meat work force. Multiplant companies make up about two-thirds of those employed in meatpacking compared with slightly less than half in prepared meat products. Establishments operated by multiplant companies are several times larger than single plant companies. In 1979, multiplant establishments aver aged 475 employees in meatpacking and 190 employees in prepared meats, compared with single plants with 85 em ployees in meatpacking and 70 in prepared meats.3 Plant size In 1977, the Bureau of the Census reported 2,590 meat packing establishments and 1,345 prepared meat establish ments. A small percentage of these accounted for the bulk of industry shipments. In meatpacking, nearly one-half of the establishments reported fewer than four employees and collectively accounted for only 1 percent of shipments. In contrast, 11 percent of meatpacking establishments average more than 100 employees and generated more than 80 per cent of the industry value of shipments. Similarly, in the prepared meats industry, establishments averaging fewer than four employees made up 32 percent of total industry establishments but less than 1 percent of shipments. Four teen percent of the establishments employed 100 workers or more and generated 72 percent of sales. During 1967-77, there was little change in the number of establishments or the average number of employees per establishment for the meatpacking and prepared meats in dustry. However, the component industries showed different movements. In meatpacking, the number of establishments declined 4 percent and the number of employees per estab lishment fell from 63 to 56. In the prepared meats industry, there were 2 percent fewer establishments than in 1967, while the average number of employees per establishment rose from 40 to 48. Since 1967, there has been a trend toward fewer large39 MONTHLY LABOR REVIEW April 1984 • Productivity in Meatpacking scale cattle and hog plants but those remaining have in creased their volume of operations. In 1975, 211 cattle plants accounted for 73 percent of commercial slaughter; by 1982, 134 plants made up 80 percent of such slaughter. Economies of scale in hog slaughtering have been similarly affected.4 Capital expenditures Increases in capital expenditures are important and fre quently contribute to advances in output per hour. During 1967-81, the annual rate of growth in new capital expen ditures per employee averaged 8.9 percent in meatpacking and 10.2 percent in prepared meats. In comparison, the average for all manufacturing during this same period was 10.6 percent. In 1981, the level of capital expenditures per employee was less in meatpacking and prepared meats than for manufacturing in general. In 1981, meatpackers ex pended $2,400 per employee and prepared meat processors, $2,600 per employee for new capital expenditures, com pared with $3,900 for all manufacturers. In 1980, the most recent year for which data are available, meatpackers and prepared meat processors spent slightly more than 70 percent of their new capital expenditures on machinery and equip ment, compared with 80 percent for all manufacturing. The remainder was used to finance new structures and plant additions. Technological advances The structure of the red meat industry has changed rapidly over the study period. For meatpackers, the low return on sales, relative to other manufacturing sectors, has encour aged volume operations. Because of increasing market de mand for products such as boxed beef, rebound meat, and portioned packaging, there has been an ongoing need for new equipment and redesigned plant layouts. Technology has been introduced which has resulted in increased yields and improved product flow. Consumer demand for conven ience products and smaller portions has encouraged the use of equipment capable of processing a larger variety of meat products with higher speed and product consistency. In meatpacking plants, significant technological innova tions were made in the 1960’s and 1970’s, which automated processing and helped reduce unit labor requirements. For beef slaughtering, carcasses are moved on an overhead rail system between cutting stations replacing the older “ bed” system. To reduce steps, workers equipped with power knives and saws are positioned on moving platforms. These plat forms, which are raised and lowered as the carcass passes, allow the operator to use a balanced power saw with a minimal need to alter the saw position. For hide removal, skilled workers have largely been elim inated through the use of mechanical hide pullers. Labor requirements in rendering operations have been reduced in some cases to as few as one worker operating a central control panel.5 For hog slaughtering, similar labor-saving 40 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis technology has been introduced. When beef is boxed, it goes through further fabrication as the carcass is processed into primal and subprimal cuts. This stage of processing requires extensive use of manual labor and has been difficult to automate except for the pack aging and warehousing of boxed beef. After cutting, the beef is vacuum packed and placed in cartons according to specific market requirements. Boxed beef currently accounts for more than 50 percent of the federally inspected slaughter of steers and heifers. In the future, packers are expected to further fabricate meat into final retail cuts, which may lead to more automated cutting and packaging equipment. In the prepared meats industry, portion-control steak cuts require more labor to fabricate than the processed meat products. Boneless steaks must be tenderized and individ ually portion-cut with powered meat sheers. These products are then wrapped, weighed, vacuum packaged, and blast frozen. In contrast, processed and shaped meats are prepared in batch and use more automated grinding and blending equipment. Production lines are centrally controlled with computers, which are used to monitor and control ingre dients and the proportion of fat content. Equipment used to process meat includes continuous vac uum sausage stuffers and vacuum packaging machines. La bor requirements have been reduced by the use of automatic sausage- and weiner-making equipment that provides a con tinuous filling, linking, and looping operation. Labor re quirements have also been reduced by automatic deboning of meat, which is currently equaling yields obtained in man ual boning. Slicing machines are being introduced in the prepared meats industry that make use of microprocessor technology to ensure portion-controlled cuts, high speed, and uniform stacking. In ham processing, a recent tech nological change is the cooking of ham in the finished pack age, which has lowered labor requirements. Once meat is processed, the packaging and shipping stage is highly automated. Labor requirements have been reduced with high-speed packing equipment, conveyors, automatic palletizing machines, and storage and retrieval systems con trolled by computer. In the shipping department, orders are placed in word processing equipment which activate com puter-controlled cranes to move products to the loading docks. Plant storage and shipping include computerized robotics to automatically inventory and transfer boxed beef. Unlike the semiautomated line operations of the volume packing and processing houses, small plants in the red meat products industry are often involved in a diversified and varied range of activity. It is not uncommon for a small plant to have a slaughter operation for beef, pork, lamb, veal, and goats; processing that includes cutting, wrapping, and freezing of fresh products; curing, including brine, stitch, or artery pumping, smokehouse operations, and aging and drying activity; locker rentals; portion-control cutting; cus tom processing; direct retail sales through service counters; and various seasonal production changes. This emphasis on the further processing of meat products suggests that small plants will continue to be more labor intensive and less amenable to automation. Industry trends Declining employment and plant closings have resulted from the low-capacity utilization rates experienced in many meatpacking and prepared meat establishments.6 Many plants have become outdated and subject to competitive pressure from large production facilities capable of slaughtering and processing more than 5,000 cattle and 15,000 hogs per day. In the prepared meat industry, larger capacity plants are also becoming more common as is the trend toward a greater variety of “ further processed” meat products. Pork pro cessors have increased their size of operations and further diversified their production. Boneless, vacuum-packaged pork is available for retail display or in larger cuts which can be further processed by the butcher. More and more prepared meat products are being mar keted to fit the requirements of the expanding commercial and institutional market and also to meet consumer needs for convenience foods and smaller portions. Some processed meats, for example, weiners and lunch meats, have declined as a percent of the market but product variety has increased. New food products are being developed which will make use of nonmeat protein along with red meat protein. At 1The red meat products industry makes up part of meat products which is designated as sic 201 in the S t a n d a r d I n d u s t r i a l C l a s s if ic a tio n M a n u a l 1 9 7 2 and its 1977 supplement, issued by the U.S. Office of Management and Budget. Meatpacking plants, sic 2011, are composed of establishments primarily engaged in the slaughtering, for their own account or on a contract basis for the trade, of cattle, hogs, sheep, lambs, and calves for meat to be sold or to be used on the same premises in canning and curing, and in making sausage, lard, and other products. Sausage and other prepared meat products plants, sic 2013, are composed of establishments primarily en gaged in manufacturing sausages, cured meats, smoked casings, and other prepared meats and meat specialties from purchased carcasses and other materials. Sausage kitchens and other prepared meat plants operated by packing houses as separate establishments also are included in this industry. 2 1 9 8 3 U .S . I n d u s tr ia l O u tlo o k (U.S. Department of Commerce, Bureau APPENDIX: n i n c r e a s e in p r o d u c t i v i t y in the red meat products industry is expected during the 1980’s as a result of more sophisticated equipment and further industry restructuring. Major technological changes have been made in slaughter ing operations over the past 15 years and emphasis will probably shift to technology needed for the further fabri cation of meat. Boxed beef production is continuing to in fluence plant size by encouraging volume operations. In the more capital-intensive prepared meat industry, batch pro cessing is already highly mechanized but productivity should also grow as equipment is modified to meet the needs for new product development. □ A of Industrial Economics, 1983), p. 37-7. 3I n d u s t r y W a g e S u r v e y : M e a t P r o d u c t s , M a y 1 9 7 9 , Bulletin 2082 (Bu reau of Labor Statistics, 1980), p. 2. AM e a t f a c t s , 1 9 8 3 E d it io n (Washington, American Meat Institute, 1983), p. 13. 5 T e c h n o l o g y a n d L a b o r in F o u r I n d u s t r i e s , Bulletin 2104 (Bureau of Labor Statistics, 1982), pp. 1-8. 6 1 9 8 3 U . S . I n d u s t r i a l O u t lo o k , pp. 37-4 to 37-6. See also “ The Return of the Meatpackers,” F o r tu n e , May 2, 1983, p. 257; and Rod Bowling, “ s w m p a Generates Ideas,” T h e N a t i o n a l P r o v i s i o n e r , Sept. 3, 1983, pp. 6- 8 . 7 Roger Mandigo, “ Restructured beef products may help reverse market trends,” T h e N a t i o n a l P r o v i s i o n e r , Apr. 2, 1983 p. 56. Measurement techniques and limitations Indexes of output per employee hour measure changes in the relation between the output of an industry and employee hours expended on that output. An index of output per employee hour is derived by dividing an index of output by an index of industry employee hours. The preferred output index for manufacturing industries would be obtained from data on quantities of the various goods produced by the industry, each weighted (multiplied) by the employee hours required to produce one unit of each good in some specified base period. Thus, those goods which require more labor time to produce are given more impor tance in the index. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis present some beef and lamb cuts are underutilized because of toughness and end up being sold as ground meat. As technology improves, restructured meat will replace some of the beef currently marketed as ground products and intact muscle cuts. Restructured meat requires that muscles and large meat pieces be reduced in size and rebound into a desired shape such as steaks and roasts; flaking machines are needed to form and texture such meat. Restructured meat products now account for a small part of the retail meat sales but their proportion is expected to grow. Research is continuing to provide restructured meat products to the in stitutional meal market. Equipment is needed that will meet rigid portion control and composition control.7 In the red meat products industry, real output was esti mated from data on both physical quantities and value ad justed for change in price. Physical quantity data on carcass beef, and primal and fabricated cuts of beef were obtained from the U.S. Department of Agriculture. The boxed beef component of this physical quantity was adjusted to reflect the additional labor required to fabricate and package this product. The other components of output for sic 2011 and 2013 were estimated using a deflated value technique. Changes in price levels were removed from current-dollar values of production by means of appropriate price indexes. To combine segments of the output index into a total 41 MONTHLY LABOR REVIEW April 1984 • Productivity in Meatpacking output measure, employee hour weights relating to the in dividual segments were used, resulting in a final output index that is conceptually close to the preferred output meas ure. The indexes of output per employee hour relate total output to one input— labor time. The indexes do not measure the specific contribution of labor, capital, or any other single factor. Rather, they reflect the joint effect of factors such as changes in technology, capital investment, capacity uti lization, plant design anti layout, skill and effort of the work force, managerial ability, and labor-management relations. The average annual rates of change presented in the text are based on the linear least squares trend of the logarithms of the index numbers. Extensions of the indexes appear annually in the b l s bulletin, Productivity Measures in Se lected Industries. A technical note describing the methods used to develop the indexes is available from the Division of Industry Productivity Studies. M id-Air— 1931 and 1984 L o u is L o z o w ic k ’s l i t h o g r a p h , “ M id A ir ” (le ft p i c t u r e ) , w h ic h a p p e a r e d o n th e fro n t a n d b a c k c o v ers o f th e O c to b e r 1983 Monthly Labor Review, d r e w p r a is e f r o m a r t lo v e r s b u t n o t f r o m t h o s e c o n s c io u s a b o u t s a f e ty o n c o n s t r u c t i o n site s . T h o r n e G . A u c h t e r , t h e n A s s is ta n t S e c r e ta r y o f L a b o r f o r O c c u p a t io n a l S a f e ty a n d H e a l t h , w r o t e t h e Review t h a t , in 1931, “ a c o n s t r u c t i o n w o r k e r r i d in g t o w o r k o n t h e b a ll a n d h o o k o f a c ra n e ” m a y h a v e b e en “ a sy m b o l o f th e A m e r ic a n w o r k - f o r c e — t o u g h , fe a r le s s , a n d h a r d - w o r k in g . B u t t o t h e m o d e r n s a f e ty p r o f e s s i o n a l , th is s c e n e is a n o t h e r , m o r e f r i g h te n i n g k in d o f s y m b o l. I t il l u s t r a t e s d e a d ly h a z a r d s t h a t w e re c o m m o n p r a c tic e s 5 0 y e a r s a g o . ” “ E v e n t o d a y , ” A u c h t e r a d d e d , “ im p r o p e r h o i s t in g o f p e r s o n n e l c a u s e s t r a g e d ie s . L a s t s p r in g , f o r e x a m p le , f o u r w o r k e r s w e re k ille d w h ile b e in g lif te d b y a c r a n e d u r i n g c o n s t r u c t i o n a t a F lo rid a fo o tb a ll s ta d iu m .” A u c h t e r p r o v i d e d a p h o t o g r a p h ( r ig h t p i c tu r e ) o f a h o i s t in g sc e n e a t a c o n t e m p o r a r y s ite . H e r e p o r t e d t h a t o s h a h a s p r e p a r e d s a f e ty s t a n d a r d s f o r h o is ts a n d h a s c ir c u la te d t h e m f o r p u b lic c o m m e n t. 42 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Research Summaries Federal Supplemental Compensation and Unemployment Insurance recipients A rlene H olen In September 1982, the Federal Supplemental Compensa tion program was enacted to provide benefits to individuals who exhaust all of their rights to benefits under the regular and extended Unemployment Insurance programs. In States where extended benefits are not in effect, exhaustees of regular unemployment insurance immediately become eli gible for Federal Supplemental Compensation. In States on extended benefits, an individual must exhaust those benefits before collecting Federal Supplemental Compensation. Originally, 6 to 10 additional weeks of benefits were pro vided by the Federal Supplemental Compensation program, depending on each State’s insured unemployment rate and extended benefit status. Benefit duration was changed to 8 to 16 weeks in January 1983, and to 8 to 14 weeks in April. From September through December 1982, relatively few Unemployment Insurance recipients went on to receive Fed eral Supplemental Compensation benefits— only 10 percent did so, and 45 percent of them had first received extended benefits. The age and sex distributions of Federal Supple mental Compensation recipients were quite similar to those of regular Unemployment Insurance recipients who did not receive Federal Supplemental Compensation benefits. (See table 1.) Two-thirds of both Federal Supplemental Com pensation and Unemployment Insurance recipients were be tween the ages of 25 and 54, 20 percent were under age 25, and about 40 percent were women. However, 27 percent of Federal Supplemental Compensation recipients were non white, compared with 18 percent of the regular Unemploy ment Insurance recipients. Unemployment Insurance recipients who had worked in the cyclically sensitive manufacturing industries prior to their unemployment were less likely to go on to become Federal Supplemental Compensation recipients. However, Arlene Holen is an economist with the Office of Management and Budget. She was formerly with the U .S. Department of Labor, where this analysis was prepared. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a 0Q 01 a a o those from the service-producing industries (services; wholesale and retail trade; finance, insurance, and real estate; public administration; and transportation and public utilities) were more likely to become Federal Supplemental Com pensation recipients. Forty-three percent of Federal Sup plemental Compensation recipients were from manufacturing and 45 percent were from service-producing industries. In contrast, 53 percent of Unemployment Insurance recipients were from manufacturing and 33 percent were from serviceproducing industries. Those Federal Supplemental Compensation recipients who first received extended benefits differed from those who did not with respect to sex, race, and industry: more were men, more were white, and more came from manufacturing. The industry difference occurred because the States that trig gered onto extended benefits had higher unemployment rates and relatively more concentration in durable manu facturing, and extended benefits recipients going on to re ceive Federal Supplemental Compensation have longer durations of unemployment. The majority of Federal Supplemental Compensation re cipients had not provided the sole support for household dependents; 63 percent had either no dependents or a work ing spouse. The proportion married, 57 percent, was some what lower than for Unemployment Insurance recipients, but numbers of dependents were similar. A significant portion (17 percent) of Federal Supplemen tal Compensation recipients were unemployed for reasons other than layoff, compared with regular Unemployment Insurance beneficiaries (13 percent). More than 10 percent of Federal Supplemental Compensation recipients had been fired from their last job, and 4 percent were not working because they had quit their last job over unsatisfactory work arrangements, had retired, or were involved in a labor dis pute. Although Federal Supplemental Compensation was en acted to provide assistance to those who suffered unem ployment and benefit exhaustion associated with the recession, recipients were disproportionately from less cyclical indus tries such as services, in which employment was growing. Federal Supplemental Compensation recipients were less likely than Unemployment Insurance recipients to have been laid off from their previous job, but were more likely to have quit or to have been fired. In other words, Federal MONTHLY LABOR REVIEW April 1984 • Research Summaries Table 1. Selected characteristics of recipients of regular Unemployment Insurance and Federal Supplemental Compensation benefits, September through December 1982 [In percent] Regular Unemployment Insurance beneficiaries (not receiving Federal Supplemental Compensation) Federal Supplemental Compensation beneficiaries Age: Under 22 y e a rs ............................................ 22 to 24 years ............................................ 25 to 54 years ............................................ 55 to 64 years ............................................ 65 years and over ...................................... 10.9 11.3 65.6 10.3 1.9 8.3 11.7 67.2 11.3 Sex and race: Men ............................................................... Women ......................................................... White .................................................... N o n w h ite ...................................................... 61.4 38.6 82.0 18.0 59.9 40.1 73.3 26.7 1.1 1.2 12.0 1.0 Characteristic Industry: Agriculture, forestry, and fisheries . . . . Mining ......................................................... C onstruction................................................. M anufacturing.............................................. Durable .................................................... N on durable.............................................. Miscellaneous ......................................... Transportation, communication, and public u tilitie s ...................................... Wholesale trade ......................................... Retail trade ................................................. Finance, insurance, and real estate . . . . Services ....................................................... Public administration ................................. Not covered ................................................. .9 1.2 3.5 4.2 9.1 11.6 1.8 12.4 1.5 .3 3.7 6.4 4.0 17.3 1Although the sample from these States is large, estimates are subject to sampling variability. It is possible that some of the differences in the report are not statistically significant. The black population: a statistical view, 1970-82 Statistics from the recent Bureau of Census Population Sur veys and the 1980 census show improvement in income levels of black married-couple families, educational attain ment and school enrollment, and homeownership among blacks during the 1970’s. But the data also reveal setbacks influenced by high black unemployment, sharply increased divorce and separation rates, and a rise in family households maintained by women. 2.1 .3 Supplemental Compensation recipients’ joblessness was more often caused by factors other than the recession. Recipients of Federal Supplemental Compensation under extended reachback provisions (those who had exhausted their regular and extended benefits more than 3 months before Federal Supplemental Compensation became effec tive) were less likely than other Federal Supplemental Com pensation beneficiaries to have separated from cyclical industries such as durable manufacturing. Lower propor tions of those recipients were on layoff than other Federal Supplemental Compensation recipients and higher propor tions were fired or quit their previous job. The survey of Federal Supplemental Compensation re cipients was conducted by the U.S. Department of Labor, and covered the September through December 1982 period. Data are from the Continuous Wage and Benefit History project of the Unemployment Insurance Service, longitu dinal records drawn from State Unemployment Insurance administrative files, and information from a questionnaire administered at the time of initial filing for Unemployment Insurance. About 28,000 Federal Supplemental Compen sation recipients from 12 States (Georgia, Idaho, Missouri, Nevada, New Mexico, New York, North Carolina, Penn sylvania, South Carolina, Utah, Washington, and Wiscon sin) were covered by the survey.1 The 12 States combined closely resemble the Nation in their insured unemployment rates, industrial mix, and demographic characteristics. Thus, Digitized for44 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ---------- F O O T N O T E ---------- 1.6 9.5 43.2 25.4 16.3 1.5 53.0 26.8 24.9 the findings are likely to reflect the national situation. A copy of the full study, Characteristics of Recipients of Federal Supplemental Compensation, is available from the U.S. Department of Labor, Assistant Secretary for Policy, Office of Research and Technical Support, Washington, D.C. 20210. g Population growth and distribution Between 1970 and 1980, the black population increased by 17.3 percent, from 22.6 million to 26.5 million. In 1980, blacks represented approximately 12 percent of the total population. In 1980, blacks constituted more than 20 percent of the population in seven States— Mississippi (35 percent), South Carolina (30 percent), Louisiana (29 percent), Georgia (27 percent), Alabama (26 percent), Maryland (23 percent), and North Carolina (22 percent). Twelve States had black pop ulations of 1 million or more, an increase of three States (Michigan, Ohio, and Virginia) from 1970. New York had the largest black population of any city (1,784,337) in 1980, followed by Chicago (1,197,000), Detroit (758,939), Philadelphia (638,878), and Los Angeles (505,210). Of the 100 cities with the largest black population, the city with the highest percentage was East St. Louis, 111. (96 percent). In Washington, D.C. about 70 percent of the pop ulation was black in 1980, about the same as in 1970, although the total population in the city actually dropped during the decade. The traditional large black migration from the South to points north and west appeared to end in the 1970 decade. Between 1975 and 1980, about 415,000 blacks moved to the South, whereas only about 220,000 left, thereby re versing the longstanding black exodus from the South. In 1980, the proportion of the black population residing in the South was 53 percent, the same as in 1970. Some income gain, but poverty increases While median income of black families continued to lag behind the median income of the general population, black married-couple families registered a 6.9-percent gain in real median income between 1971 and 1981, improving from $18,370 to $19,620 in constant dollars. The comparable figures for white married-couple families were $25,130 in 1971 and $25,470 in 1981. While the income level for black married-couple families was climbing during the decade of the 1970’s, the proportion that this group constituted of all black families dropped from 64 percent in 1972 to 55 percent in 1982. In real terms, the 1981 median income for all black fam ilies ($13,270) dropped 8.3 percent from 1971 and dropped 5.2 percent between 1980 and 1981. Median income for white families in 1981 was $23,520, down only 2.7 percent from 1980 when adjusted for inflation. In 1971, the median income for black families was 60 percent of the median income of white families— $14,460 versus $23,970. By 1981, this ratio fell to 56 percent. According to the report, the decline in black family me dian income reflects, in part, the increase in the proportion of families maintained by women with no husband present and the lack of income gains for these families. Among blacks, such families totaled 2.6 million in 1982, or about 41 percent of all black families, up from 32 percent in 1972. The median income for families maintained by black female householders with no husband present was $7,510 in 1981, about 38 percent of the median of black married-couple families ($19,620). Persistent inflation, a stagnant economy, and family breakup were reflected in the rising number of persons classified as poor between 1979 and 1981. During this period, the total number of persons in poverty increased by 5.4 million. In 1970, about 8 million blacks (34 percent) and 17 mil lion whites (10 percent) had incomes below the poverty level. By 1981, the number increased to 9 million for blacks (34 percent) and 22 million for whites (11 percent). (The poverty level for 1981 was $9,287 for a family of four.) During the 1970’s, an increasing concentration of the poor in families maintained by women was especially evident among blacks. The number of poor black families with a female householder rose from 834,000 in 1970 to 1.4 million in 1981. These families accounted for 70 percent of all poor black families in 1981, substantially up from 56 percent in 1970. Family statistics Families maintained by black women increased during the decade. In 1970, about 28 percent of the 4.9 million black families were maintained by women. By 1982, how ever, almost 41 percent of the 6.4 million black families https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis were maintained by women. The comparable percentage for whites during this period increased from 9 to 12 percent. In 1982, the m ajority of black families were still m ain tained by married couples. However, since 1970, the percentage of all black families maintained by married couples has declined from 68 to 55 percent. Among black women who maintained families in 1982, 32 percent had never married, compared to 11 percent for white families maintained by a woman. The number of black children living with both parents dropped sharply between 1970 and 1982, while the per centage of black children living in one-parent situations increased from 32 to 49 percent. About 8 percent of the children lived with neither parent in 1982, but in most cases resided with another relative. White children living with one parent also increased, doubling from 9 percent in 1970 to 17 percent in 1982. Still, 81 percent of white children lived with both parents in 1982, compared with 42 percent of black children. Black children constituted just 15 percent of all children under 18 years of age in 1982, but represented 34 percent of all children living with only one parent. The proportion of births occurring to unmarried mothers increased during the decade for both black and white women, in part due to declines in births to married women. In 1980, more than one-half of the births to black women (55 percent) occurred out of wedlock, up from 38 percent in 1970. The corresponding proportion for white women increased from 6.0 to 11.0 percent during the same period. In contrast to the pattern noted above, the nonmarital fertility rate1 for black women declined from 96 births per 1.000 unmarried women 15 to 44 years old in 1970 to 83 per 1,000 in 1980. The rate for white women increased from 14 to 18 per 1,000 during the same period. This excerpt is adapted from the U.S. Bureau of the Census report, America’s Black Population: 1970 to 1982,2 Special Publication P10/pop- 8 3 - 1 , which is for sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402, or any U.S. Department of Commerce district office. The cost is $3.50 per copy. □ ---------- F O O T N O T E S ---------1Rate computed by relating total nonmarital births, regardless o f age of mother, to unmarried women 15 to 44 years old. 2The full report includes data from the Bureau of the Census, the Bureau of Labor Statistics, the National Center for Health Statistics ( n c h s ) , and the U .S. Department of Defense. The Census Bureau data, which cover a wide range of topics, were collected primarily in the 1980 Census of Population and in the monthly Current Population Survey ( c p s ) . The b l s data on labor force are from the c p s ; the n c h s data on vital statistics and mortality are from its registration system; and the data from the Department of Defense are from administrative records. 45 M ajor Agreements Expiring Next M onth This list of selected collective bargaining agreements expiring in May is based on contracts on file in the Bureau s Office of Wages and Industrial Relations. The list includes agreements covering 1,000 workers or more. Number of workers Employer and location Industry Allied Construction Employers Association, Inc. (Wisconsin)...................... Alterman Foods, Inc. (Interstate) ................................................................... Anthracite Operators (Pennsylvania)............................................................... Associated Brick Mason Contractors of Greater New York Inc (New York, N.Y.) Associated General Contractors of America, Inc.: Detroit Chapter, 3 agreements (Michigan) ............................................. Construction ........................... Retail trade ................................ Mining ................................ Construction ................ Ohio Building Chapter, Cincinnati D ivision........................................... Wisconsin C hapter................................................................................... Associated Steel Erectors of Chicago, Illinois ............................................... Construction ........................... Construction ............................. Construction ......................... Building Trades Employers Association, 2 agreements (Rochester, N.Y.) Construction ........................... Carpenters; Laborers .............. 3,400 Colonial Stores, Inc. (Interstate)................................................................... Connecticut Light and Power Co. (Connecticut)............................................. Construction Industry Employers Association, 4 agreements (New York) Retail trade ......................... Utilities.................................. Construction ............................. 1,750 1,900 8,200 Council of Hawaii Hotels (Hawaii)................................................................. H otels.................................... Food and Commercial Workers Electrical Workers ( i b e w ) . . . . Carpenters; Iron Workers; Laborers; Operating Engineers Longshoremen’s Association . . . 4,750 Detroit Mason Contractors’ Association (M ichigan)...................................... Dow Chemical Company, Texas Division (Freeport, T e x .)........................... Construction ........................... Chemicals ......................... Operating Engineers.............. 1,750 Electrical Contractors’ Association of City of Chicago (Illinois) Erwin Mills ........................................................................................ Construction ......................... Textiles.................................. Electrical Workers ( ib e w ) .. 6,500 General Telephone Company of the Northwest, Inc. (Washington) ............. Great Western Sugar Co. (Interstate) ............................................................. Communication ...................... Food products ........................... Electrical Workers ( ib e w ) .. 4,200 Houston Lighting and Power Co. (Texas) ...................................................... Utilities............................... Electrical Workers ( ib e w ) ... 4,500 Independent Employers-Mason Tenders of Greater New York (New York, N.Y.)2 Independent Non-Association Restaurant Employers (Seattle, Wash.)2 ......... Construction ............................. Laborers ................ 4,000 Restaurants ............................... Construction ............................. Lum ber............................... Iron League of Chicago, Inc. (Illinois) ........................................................... Construction ........................... Hotel Employees and Restaurant Employees Asbestos Workers . . . Paperworkers; Firemen and Oilers Iron W orkers.................. 2,500 Illinois Regional Insulation Contractors Association (Illinois) ...................... International Paper Co., Androscoggin Mill (Maine) .................................... Keystone Building Contractors Association, Inc. (Pennsylvania).................. Kimberly-Clark Corp., Neenah Mill (Wisconsin)........................................... Kroger Company, Atlanta Division (Interstate) ............................................. Construction ............................. Paper .................................. Retail trade ........................... Carpenters.................. Paperworkers....................... Food and Commercial Workers 1,800 1,300 4,350 Longview Fibre Co. (Longview, W ash.)........................................................ Paper ............................. Western Pulp and Paperworkers (Ind.) 1,500 See footnotes at end of table. 46 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Construction ...................... Labor organization1 Food and Commercial Workers Carpenters; Iron Workers; Bricklayers; Plasterers and Cement Masons 3,000 13,200 2 000 1,200 1,000 1,000 Continued— Major Agreements Expiring Next Month Employer and location Industry Labor organization1 Macy’s and Emporium Stores (San Francisco, Calif.) .................................. Retail trade ................................ Food and Commercial Workers McDonnell Douglas Corp. (M issouri)............................................................. Transportation equipment ......... Machinists.................................. Mid-America Regional Bargaining Association, 2 agreements (Illinois) . . . . Construction ............................. Operating Engineers.................. Mid-America Regional Bargaining Association (Illinois) ............................. Construction ............................. Laborers .................................... Nestle Co., Inc. (Fulton, N.Y.) ...................................................................... Food products ........................... National Electrical Contractors Association: Detroit Chapter (M ichigan)...................................................................... Construction ............................. Milwaukee Chapter (Wisconsin) ............................................................. Construction ............................. Orange County Chapter (California) ...................................................... Construction ............................. Niagara Mohawk Power Corp. (New Y ork).................................................... Utilities...................................... Northern Indiana Public Service Co., 2 agreements (Indiana) ...................... Utilities...................................... Number of workers 2,000 11,000 8,000 12,000 Retail, Wholesale and Department Store 1,200 Electrical Workers (ibew) ......... Electrical Workers (ibew) ......... Electrical Workers (ibew) ......... Electrical Workers (ibew) ......... Steelworkers .............................. 3,500 1,400 1,500 7,600 4,650 Owens-Coming Fiberglas Corp. (Newark, O h io ).......................................... Stone, clay, and glass products Glass, Pottery, Plastics and Allied Workers Painting and Decorating Contractors of America, Inc., Detroit and Wayne Chapters (Michigan) Panhandle Eastern Pipe Line Co. (Interstate)................................................. Construction ............................. Painters....................................... 2,000 U tilities...................................... Oil, Chemical and Atomic Workers Electrical Workers (ibew) ......... Machinists.................................. Graphic Communications ......... 1,400 Pennsylvania Electric Co................................................................................... Utilities...................................... ppg Industries, Inc., Chemical Division (Louisiana)...................................... Chemicals .................................. Printing Industries of Northern California (California) .................................. Printing and publishing............. Electrical Workers (ibew) ......... Western Pulp and Paperworkers (Ind.) Food and Commercial Workers Hotel Employees and Restaurant Employees Sheet Metal Workers ................ Sheet Metal Workers ................ 14,000 2,150 1,350 1,000 San Francisco Electrical Contractors Association. Inc. (California) ............. Scott Paper Co., Packaged Product Division (Everett, Wash.) .................... Construction ............................. Paper ........................................ Seattle Department Stores Association Inc. (Washington)............................. Seattle Restaurant Association and Seattle Hotel Association (Washington) Retail trade ................................ Restaurant.................................. smacna Sheet Metal Contractors Association (Illinois) ............................................... Metropolitan Detroit Chapter (Michigan) ........................................ Construction ............................. Construction ............................. Twin City Hospitals (Minnesota)2 .................................................................... Hospitals.................................... American Nurses Association (Ind.) Wisconsin Association of Public Works Contractors and Independent Contractors (Wisconsin)............................................................................... Wisconsin Power and Light Co. (Wisconsin)................................................. Construction ............................. Laborers .................................... 1,300 Utilities...................................... Electrical Workers (ibew) ......... 1,750 1,200 1,300 1,250 5,000 5,200 1,800 5,000 6,100 'Affiliated with AFL-CIO except where noted as independent (Ind.). industry area (group of companies signing same contract). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 47 Developments in Industrial Relations Court says companies can alter contracts Organized labor suffered a setback when the Supreme Court ruled that employers filing for reorganization in Fed eral bankruptcy court may temporarily terminate or alter collective bargaining agreements even before the judge has heard their case. The Court also held that the termination or alteration could be made permanent if the employer can demonstrate to the judge that the agreement “ burdens” chances of recovery. In arriving at a decision, the bank ruptcy judge should determine if the company has made a “ reasonable” effort to negotiate a less burdensome contract, the Court said. If the negotiators are not able to arrive at a “ satisfactory” solution, the judge still may cancel the con tract. Organized labor has contended that a company should not be permitted to take any contract cancellation action until it has persuaded a bankruptcy judge that the action is necessary for survival. The case, N L R B v . Bildisco & Bildisco, began in 1980 when Bildisco, a building materials supplier in Avenel, N.J., filed for reorganization under Chapter 11 of the Bank ruptcy Code, and immediately refused to pay wage increases and benefits to its employees, who were represented by the Teamsters union. The union then filed an unfair labor prac tices charge with the National Labor Relations Board, which ruled against the company. On appeal, Bildisco’s action was upheld by the U.S. Court of Appeals for the Third Circuit, leading to the appeal to the Supreme Court. The Supreme Court decision drew immediate expressions of shock and dismay from labor leaders and officials, who viewed it as a weapon to aid employers in ousting unions or pressuring them to accept unwarranted concessions on wages, benefits, and work rules, afl - cio President Lane Kirkland said, “ We’re disappointed in the decision and we will pursue a legislative remedy.” Management officials hailed the decision. William Winpisinger, president of the International As sociation of Machinists, described the decision as simply “ outrageous.” His union, along with the Air Line Pilots and the Flight Attendants unions, are engaged in an incon“ Developments in Industrial Relations” is prepared by George Ruben of the Division o f Developments in Labor-Management Relations, Bureau of Labor Statistics, and is largely based on information from secondary sources. 48 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis elusive strike against Continental Air Lines which erupted after the company filed for protection from creditors under Chapter 11 of the Bankruptcy Code, cut employee pay about 50 percent, and then resumed operations on a reduced route structure with a mixture of new employees and some strikers who returned to work. (See Monthly Labor Review, No vember 1983, p. 73.) This case drew a lot of attention to the contract abrogation issue. Another case involved Wilson Foods Corp., which also filed for protection under Chapter 11 and terminated its contract with the Food and Commercial Workers. The union then began a strike against the company that ended when the parties resumed negotiations and reached a contract that called for concessions by union members. (See Monthly Labor Review, September 1983, p. 40.) There are a number of issues which could require further Court decisions for resolution. One was whether the Bildisco ruling could be extended to cover railroads and airlines where bargaining is regulated by the Railway Labor Act rather than the National Labor Relations Act. Prior to the Bildisco ruling, labor contracts had greater protection from abrogation than usual commercial contracts during bank ruptcy proceedings, based on interpretations of the em ployee rights specified in the National Labor Relations Act. Justice William H. Rehnquist, who wrote the Bildisco decision, said such greater protection for the union contracts was invalid because it “ is fundamentally at odds with the policies of flexibility and equity” of the bankruptcy code. Continuing, he said, “ The rights of workers under collective bargaining agreements are important, but favored treatment will interfere with the reorganization process.” In aiding a company in distress, Rehnquist said, the bankruptcy court must consider the interests of the debtor, creditors, and employees, in terms of the “ degree of hardship faced by each party but also any qualitative differences between the types of hardship each may face.” All of the justices assented on this part of the ruling, but there was a 5-to-4 split on the issue of whether an employer could terminate a labor contract immediately after filing for protection under Chapter 11. Justice Rehnquist said it would “ undermine” the rest of the ruling to make contract ab rogation an unfair labor practice at this earlier point in bank ruptcy proceedings. Justices William J. Brennan, Jr., Byron R. White, Thurgood Marshall, and Harry A. Blackmun disagreed with that aspect of the decision. Justice Brennan said that troubled companies can seek expedited rulings from bankruptcy judges, that allowing unilateral contract terminations without such approval will “ spawn precisely the type of industrial strife” the National Labor Relations Act was designed to prevent. cluding union wage and benefit levels. The new corporation has not yet bid on any projects, but Adams said the con struction trades would not hesitate to bring it into operation if contractors do not “ sit down with us and work out doublebreasting and economic problems.” Construction unions act to aid jobless members Aerospace workers end long strike High levels of unemployment among unionized construc tion workers have led to several recent union moves to open jobs to their members. At the national level, the Sheet Metal Workers announced the initial results of the “ International Job Bank and OutOf-Work List” it had instituted in October 1983. Union official Larry Cassidy said that as of December 31, 1983, the union had found jobs for 533 of the 2,302 members enrolled in the plan, which is comparable to a national hiring hall. Unemployed members enroll in the plan by informing local union officials of their qualifications and how far they are willing to travel to a job. This information is forwarded to the national union headquarters and matched with avail able jobs. The union plans to establish a computer network among its construction locals to expand and speed up this service. If a laid-off member of the Sheet Metal Workers moves from one local that is party to a Stabilization Agreement for the Sheet Metal Industry to another covered local, he or she is eligible for a travel benefit of up to $750. Also, the union provides financial aid to unemployed members facing loss of their homes if they were covered by a Sta bilization Agreement. About 40,000 of the union’s 100,000 members in the construction industry are covered by a Sta bilization Agreement. Participation is negotiated locally; employees finance the agreement at a rate equal to 3 percent of wages. In a move to assist retirees, the trustees of the Sheet Metal Workers national pension fund (which covers various in dustries) voted to compensate retired members for the 6month legislated delay in the scheduled cost-of-living ad justment in social security benefits. Building trades unions in the Buffalo, N.Y., area formed a nonprofit corporation employing only union members to compete with so-called “ double breasted” firms which op erate union and nonunion entities. Gene Adams, president of the Buffalo Building Trades Council, said formation of the corporation was necessary because, “ We can deal with 100 percent union firms or 100 percent open shop firms, but we can’t deal with dual shops.” He claimed that the dual operations construction firms gain unwarranted profits because their bids are only slightly lower than those of firms that use only union labor, yet they use nonunion employees whose compensation is substantially lower than that of unionized workers. The new nonprofit Buffalo Building Trades Council Construction Corporation will attempt to counter the problem by offering to construct projects at cost. This means that bids will be based only on operating costs, in A 17-week strike against McDonnell Douglas Corp. ended in February when members of Auto Workers Local 148 in Long Beach, Calif., accepted a contract similar to the Boeing Co. accord with the Machinists that led off the round of bargaining in the aerospace industry. (See Monthly Labor Review, December 1983, p. 55.) Initially, the walkout, which began on October 17, 1983, involved operations in Tulsa, Okla., and Melbourne, Ark., but employees there voted to return to work about 3 weeks before those at Long Beach. The major reasons for the length of the stoppage were em ployee objections to establishment of a two-tier pay system. Under the new system, new employees in less skilled jobs would be paid less than current employees in similar jobs and all employees in less skilled jobs (about 30 percent of all employees) would not receive automatic cost-of-living pay adjustments during the contract term. Also, employees objected to a proposed annual lump-sum payment to all employees equal to 3 percent of earnings during the pre ceding 12 months, instead of annual wage increases. The union lost on these issues, as the strike weakened. An increasing number of the strikers returned to work before the stoppage officially ended, to some extent influenced by a company announcement that it would hire permanent re placements. This weakening was reflected in a statement by union negotiator Douglas Griffith, who told Local 148, “ We have to face the reality that 2,500 of our members crossed the line and cost us some advantage.” The Long Beach local also came under increasing pressure from the inter national union to end the strike, because it was “ no longer serving a useful purpose.” https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Western mine workers settle The United Mine Workers ( um w ) settled with several bituminous coal mining operations in the West, but the 3year contracts were not expected to have a major influence on bargaining in the East, where the union’s agreement with the Bituminous Coal Operators’ Association expires Sep tember 30. Settlements in the two regions differ, primarily because the western mines are surface operations, require fewer workers, and are more productive than the under ground mines that predominate in the East. The umw rep resents about 2,000 workers in western mines, compared with 120,000 in eastern mines. (Some other western miners are represented by other unions.) The first of the western settlements, with Gulf Oil Corp.’s Pittsburg & Midway Coal Mining Co. for 300 employees in Oak Creek, Colo., and Gallup, N. Mex., set a pattern for other settlements. The 3-year contract called for a $1.2049 MONTHLY LABOR REVIEW April 1984 • Developments in Industrial Relations an-hour wage increase consisting of a 20-cent raise effective immediately, 30-cent raises in February of 1985 and 1986, and 10-cent raises in August of 1984 and 1985, and June and October of 1986. Under the previous contract, top rates for the various pay grades ranged from $16.50 to $16.91 an hour. Pittsburg & Midway did not win its demand for institution of coinsurance and deductible provisions to reduce its cost for health insurance, but the union did agree to unspecified changes in work rules intended to increase productivity. The accord also called for improvements in health in surance benefits; an increase in the company’s payment into the pension fund; a $20-a-month increase in pensions of current retirees; and establishment of a $95-a-month pension for the surviving spouses of retirees. Also settling on similar terms were Peabody Coal Co., for 900 workers at mines in Arizona, Montana, and Colo rado; and North American Coal Co. for 50 workers in Zap, N. Dak. Bargaining was continuing at about eight other companies. Bargaining concluded in aerospace In the aerospace industry, Lockheed Corp. concluded its round of bargaining by settling with the Engineers and Sci entists Guild for 2,400 employees in Los Angeles County. Earlier, Lockheed had settled with the Machinists for pro duction workers in several States. (See Monthly Labor Re view, January 1984, p. 40.) During the first year of the 3-year contract, the engineers and scientists will receive varying merit pay increases, fi nanced by a money pool, equal to 5 percent of payroll. In the second and third years, all employees will receive 2-percent pay increases and eligible employees will receive merit increases from 2-percent pools. The contract, which expires on December 13, 1986, also includes a change in the health insurance plan requiring a second medical opinion for elective surgery, with the plan paying the cost of the second opinion. Arbitrator resolves meatpacking dispute A dispute in the meatpacking industry was resolved when an arbitrator ruled that George A. Hormel & Co. can im plement wage and benefit cuts for 1,500 employees in Aus tin, Minn., but on a delayed basis. An official of Local P-9 of the Food and Commercial Workers said the decision was a partial victory for the union because the company had been pressing for the cut retroactive to October 1983. Hor mel said the ruling will reduce its wage and benefit costs to about $13 an hour, from the current $21. Under arbitrator George Fleischli’s decision, the cut will become effective after the union settles with Oscar Mayer & Co., the last of the major companies still negotiating. The resulting wage and benefit terms of that settlement will be considered by the union in determining an ‘‘industry 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis average” settlement which will be applied to Hormel em ployees. Early in 1982, all of the major companies had agreed to pattern contracts scheduled to run until August 31, 1985, but since then the industry has been beset with chaotic competitive conditions which have resulted in cuts in wage and benefit levels. The competitive pressures have been attributed to the entry of new firms with lower labor costs and more modern facilities and distribution methods. Meatpackers take concessions to aid company The Pierce Packing Co. of Billings, Mont., resumed some operations in January after members of Local 33 of the Food and Commercial Workers agreed to cuts in compensation. Pierce had filed a plan for reorganization of the meat pro cessing and hog slaughtering operations under Chapter 11 of the Federal bankruptcy code and laid off its 500 em ployees in October 1983. Only about 125 workers were rehired to process meat when the plant reopened, but a union official said 100 more might be rehired if the company resumes hog slaughtering. Under the 3-year contract, which superseded one sched uled to expire in August, wages were cut an average of 75 cents an hour, to $6.75. Inis was about $1.50 lower than the reduced level other companies have negotiated since 1982. Other terms included elimination of two of the nine annual paid holidays; elimination of dental and vision cov erage (accompanied by a slight reduction in the employees’ premium cost for all health insurance); continuation of ex isting pension rates; and an increase in life insurance. The union members also aided Pierce by agreeing to accept 15 cents on the dollar for some $750,000 they had lent the company through a 1-year, $1,90-an-hour pay re duction. Grocery workers win compensation increases A 26-day strike against four grocery store chains in North ern New Jersey and parts of New York State ended when 7,000 delicatessen and meat department employees ratified a settlement. The accord provided for three 6.7-percent pay increases over the 41-month term and some improvements in benefits. Robert C. Wunderle, a vice president of Pathmark, one of the chains, said that he did not anticipate any price increases, ‘‘assuming we get the productivity increases we anticipate.” One change permits management to start meat department shifts between noon and 2 p.m. Previously, shifts started between 7 and 9 a.m., but more and more shoppers were coming into the stores in the evening, after the shifts ended. By evening, the meat counters were depleted and there were not enough meatcutters to replenish the counters. The new shifts will be staffed primarily by new employees who will be paid less than current employees under a new “ two-tier” pay structure. A union official said that the pay difference is about $25 a week. He also said that prior to the settlement, base pay was $457 a week for meatcutters and $507 for meat counter and delicatessen managers. Other cost-control measures included a lower flat rate for Sunday work, rather than the previous double time-and-ahalf pay, and elimination of 2Vz hours of guaranteed weekly overtime for each employee. The other three chains covered by the settlement are Shop Rite, Grand Union, and Foodtown. Overall, 334 stores were involved. Bank employees offered incentives to retire As part of a plan to close 120 of its 1,070 branches and eliminate 5,000 of 79,000 jobs by the end of 1984, the Bank of America offered an early retirement inducement to 3,200 workers under the normal retirement age of 65. The 1,100 employees expected to accept the offer before the March 15 deadline will receive half pay for 2 years or until age 65, whichever occurs first. In any case, they were guaranteed half pay for 6 months. A bank official said that employees who do not accept the offer will be offered jobs in areas in which the firm is expanding, such as word processing and selling financial services. The bank’s 15-percent attrition rate means that the cutback can probably be accomplished without laying off any employees. New York City workers settle In New York City, 25,000 employees of commercial buildings were covered by a 3-year accord which provided for wage increases of $23 a week immediately, $24 on the first anniversary, and $23 on the second anniversary. Their pay is also subject to annual adjustments equal to 4 cents an hour for each percentage-point rise in excess of 8 points in the bls Consumer Price Index for Urban Wage Earners and Clerical Workers during a 12-month period. The pre vious formula provided for adjustments to begin after the c p i rose 12 points. Average weekly pay was $340 under the previous contract, which expired December 31, 1983. Other terms included an $80 increase (to $400) in the monthly pension for workers with 25 years of service and increased major medical coverage. Blue Cross establishes two-tier pay system Blue Cross of Northern California and the Office and Professional Employees negotiated a contract that estab lished a two-tier pay structure for employees in Sacramento and Fresno. Blue Cross had proposed a pay freeze for these employees, contending that their wages were higher than those of workers at other locations in the bargaining unit. The compromise on this issue provides that all new em ployees will be paid at 85 percent of the rates applicable to https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis incumbents. Under the previous agreement, starting rates ranged from $6.30 to $9.20 an hour and maximum pay after 2 years of service ranged from $7.06 to $10.35. Most of the 1,200 workers in the bargaining unit are claims pro cessors and customer service clerks. Other provisions of the 30-month contract included a 4percent pay increase on January 1, 1984, 3 percent on Jan uary 1, 1985, and 1 percent on January 1, 1986; a clause permitting employees to follow their jobs if Blue Cross shifts operations to other areas; adoption of a casual pool of em ployees to fill temporary work assignments, with laid-off workers given preference; and an additional option for health care which, according to a company official, might be less expensive than the two existing options. The option— Pru dent Buyer— is similar to a health maintenance organiza tion, except that participating doctors are not located in one facility. The existing options are coverage by Blue Cross or by Take Care Insurance, an hmo operated by Blue Cross. Police officers rally to avert layoffs In Cincinnati, Ohio, police officers voted to give up $388 of their annual equipment allowance to avert layoff of 42 officers until at least May 8. Residents will vote that day on a ballot proposal to increase taxes. If the increase does not pass, the officers will be immediately laid off and the $388 will be deducted from the $560 allowance scheduled to be paid in December 1984. If the proposal passes, the officers will retain their jobs and all 893 officers will receive the full allowance. Major Arnold L. Bortz praised the action by the members of the Fraternal Order of Police and said that he hoped that other city employees would agree to similar actions to ease the city’s budget difficulties. Bortz said the agreement to avert the layoff of police officers included a “ clear under standing” that members of the union will work with the city administration toward passage of the tax increase. This might include having some out-of-uniform officers work in polling places. Employees to suggest ‘new ventures’ for Kodak The usual corporate approach to employee suggestions will be taken a step farther at Eastman Kodak Co. Under a new plan, an eight-member “ venture board” will consider employee suggestions for entering businesses outside the company’s current specialization in photography and chem icals. The board, headed by Herbert L. Rees, Kodak’s vice president for corporate affairs, will evaluate the employees’ ideas. If an idea is accepted, it will be financed and devel oped by Kodak. The company did not say how employees will be rewarded if their ideas are accepted; it has a system for rewarding employees for accepted suggestions regarding current businesses. □ 51 Book Reviews A mismatch of problems and solutions? Industrial Crisis. Edited by Kenneth Dyson and Stephen Wilks. New York, St. Martin’s Press, 1983. 283 pp. $32.50. This volume presents a series of analyses of the politics of industrial policy. Specifically, it describes the institutions of state and the process of decisionmaking on what might be called the downside of industrial policy— “ . . . cases where failure of business corporations has given rise to serious collective discussion of exceptional action to cir cumvent the market.” The first chapter, from which this useful definition of crisis is drawn, provides a general de scription of economic trends in the industrial countries and, more vitally, a reason for the analytical focus on failure: “ . . . . crises separate the flamboyant rhetoric that is so characteristic of the industrial policy field from the substance of policy.” Kenneth Dyson’s own contribution constitutes the second chapter and the more valuable of the introductory essays. His survey of the cultural, ideological, and structural con cepts underlying politics will prove especially valuable to readers, including this reviewer, whose training has often led them to disregard political factors. The six case studies in crisis management are by European political scientists, and, therefore, the chapter on the United States has the refreshing perspective of an outsider. Martin Edmonds of the University of Lancaster is able to assure us that not only is there industrial policy in America, but there is a minimum of 51 industrial policies, State and Federal. (I would extend his insight into our system of federalism to include, at least conceptually, local governments empow ered to legislate many elements of an industrial policy.) Edmonds, wisely, restricts his discussion to the Federal level. The characteristics of American crisis management that emerge from this analysis are: pluralism— especially as manifested by “ confrontation and competition,” “ bargain ing processes and institutionalized backscratching,” and be lief “ in the maximum freedom of economic manoeuvre and choice for private individuals” ; specificity— the idea that each crisis should be judged on its individual economic and political merits; and conditionality— state intervention made contingent on stringently exacted concessions from all ben 52 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis efiting parties. Although he seems surprised by the fact, Edmonds allows, “ On balance, the system of separation of powers, political bargaining and selective intervention has worked well.” Dyson and Wilkes also make a positive evaluation of U.S. policy, stating in their concluding chap ter: C risis m a n a g e m e n t is su c c e ssfu l to th e e x te n t th at th ere is an in d u stria l stra te g y th a t in te g ra te s d isc re te p o lic ie s fo r in d u stry a ro u n d c o m m o n p rin c ip le s a n d to th e e x te n t to w h ic h crisis m a n a g e m e n t is in te g ra te d in to th at stra te g y . B y re fe re n c e to th is c rite rio n , th e U .S .A . an d W est G e rm a n y h av e e x h ib ite d g re a te s t c o n s is te n c y b e tw e e n c ris is m a n a g e m e n t a n d in d u strial stra te g y (at the F e d e ra l lev e l). T h e p rin c ip le s o f in d u stria l p o lic y , th e “ free m a rk e t” in th e U .S .A . an d th e “ so cial m a r k e t” in W e s t G e rm a n y , are c le a rly e v id e n t an d o p e rate as g u id e s fo r c ris is m a n a g e m e n t. Despite these rather strong findings in favor of the Amer ican style of crisis management, especially in cases where the political culture stresses individual freedom and re sponsibility, the tone of many of the essays conveys some sense of indignation that the state is not more rigorously organized and thoroughly empowered to reshape national industrial structures. Edmonds charges that we Americans “ slavishly” adhere to the separation of power, fragmen tation of central power, and belief in freedom of economic and personal choice. The attitude is more pronounced by Wilkes as he discusses Great Britain, where he claims “ . . . although government is in part responsible for in dustrial success, it has no adequate intellectual framework or administrative machinery with which to discharge that responsibility,” and complains that “ . . .any idea that the state is “ above” society with a national purpose and unique competence is anathema to British policy makers.” In my opinion, this zealous belief in the existence and efficiency of highly controlled, massively institutionalized, comprehensive governmental solutions to economic prob lems is a mild occupational hazard to political science, but it does not diminish the value of this volume in any significent way. Indeed, I highly recommend Industrial Crisis to anyone with a serious interest in industrial policy, com parative politics, and economic affairs. — R ichard M. D evens D iv isio n o f E m p lo y m e n t and U n e m p lo y m e n t A n a ly sis B u re au o f L a b o r S ta tistics Exploring ways and means Social Security: Perspectives on Preserving the System. By Sylvester J. Schieber. Washington, D.C., Em ployee Benefit Research Institute, 1982. 302 pp. $15. This is a thorough and comprehensive study by the re search director of the Employee Benefit Research Institute, who had previously served in leading positions within the Social Security Administration and in the Department of Health and Human Services with responsibility for program research and policy analysis. It was undertaken with a view to elaborating the factual background “ for an evaluation of the status of the United States retirement income security system in general, and the Social Security system in par ticular” (from the book’s back cover). It accomplished this purpose very well indeed, and in a most timely fashion, that is, concurrently with the labors of the Social Security Re form Commission (September 1981 to January 1983) toward a plan for “ realistic . . . reforms . . . . and . . . a bipartisan consensus” (from the Executive Order creating the Com mission). Despite the intricate nature and wide-ranging scope of the subject, and the multifaceted painstaking analyses un dertaken, the book is readable and highly informative on any one aspect and on the totality of the complex problem. This is achieved by a clearly structured research design, a thoroughly cross-referenced presentation, and two compact overviews of the findings and their implications: an “ Ex ecutive Summary” in the beginning and a concluding chap ter titled “ The Future of Social Security.” The report consists of four descriptive (historical-analytic) and four policy-oriented chapters. Thus, chapters I and II present facts and figures pertaining to the American retire ment income fabric both under the (public) social security program proper and under other antecedent and comple mentary institutions (both public and private). The next two chapters clarify various concepts and measurements of “ benefits” and “ benefit levels” and their costs and fi nancing methods within a changing demographic and a changeable economic setting over time. Chapters V to VIII draw on the foregoing chapters, on the basis of which they develop and explore policy choices and their consequences: in the short run— notably financial; for the long run— in terms of a whole spectrum of dimen sions; different goals and modalities with regard to the scope and components of the protective cover of old-age economic security; and, finally, broad-gauged questions of equity, taxation, and divergent philosophical departures that com prise a wide range of alternatives. Two appendices offer a “ Pension and Retirement Income Simulation Model,” and an explanation of how social se curity benefits are calculated. Numerous graphs and tables enliven the text throughout. This book can serve as a model of how to address a major public policy area in an analytical and, at the same time, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis integrative manner. It is insightful and balanced, under standing of what has been wrought, yet thoroughly cogni zant of deep-reaching changes in our society which may justify and, indeed, call for modifications in a system orig inally tailored to American society and its needs half a century ago. In this spirit, it acquaints the reader with such radically dissident proposals as Peter Ferrara’s “ Family Plan” (Social Security Reform, The Family Plan, Washington, D.C., The Heritage Foundation, 1982; and Social Security: The In herent Contradiction, San Francisco, cato Institute, 1980), the proposal of “ Personal Security Accounts” by Michael Boskin and associates (“ Summary of Personal Security Ac counts: A Proposal for Fundamental Social Security Re form,” 1982), and the “ Freedom Plan” by Haeworth Robertson, a former chief actuary of the Social Security Administration (The Coming Revolution in Social Security, McLean Va., Security Press, 1981). Given that Schieber’s opus carries the subtitle “ Perspectives on Preserving the System,” one marvels at the author’s broadmindedness in including the first two proposals which would, in effect, supersede the present system— “ Phasing Out Social Se curity” as another chronicler of social security reform de bate has aptly put it (Lawrence H. Thompson, “ The Social Security Reform Debate,” Journal o f Economic Literature, December 1983). Robertson’s highly original and thoughtful reform proposal, on the other hand, would seem well worth closer study. If the reader of Schieber’s solid work carries away just one lead for evaluating future reform proposals re social security, it should be, by all odds, the author’s “ four basic policy goals” : (1) adequacy and (2) equity (these are pol icy criteria of long standing), to which he adds (3) solvency and (4) support. The latest public debate has driven home the wisdom and the realism of this fourfold gauge. For completeness’ sake— especially in viewing the book as an excellent tool for academic teaching in this subject area— one might have two regrets: the lack of a bibliography and the absence (due to the time of publication, if for no other reason) of even a short section relating to the Reform Commission’s Report and the 1983 Amendments of the Social Security Act based thereon. If the book undergoes another edition, or even a new printing, an addendum of this sort would seem highly worthwhile. In the meantime, the reader or lecturer who wishes to make that connection might refer to two readily available sources: John A. Svahn and Mary Ross, “ Social Security Amendments of 1983: Legislative History and Summary of Provisions,” Social Security Bulletin, July 1983; and Robert J. Myers, “ Social Security Amendments of 1983: Did They Solve the Financing Problem?” Journal of the American Society o f Certified Life Underwriters, January 1984. — G eorge F. Rohrlich P ro fe ss o r e m e ritu s o f E c o n o m ic s an d S o cial P o licy T e m p le U n iv e rsity 53 MONTHLY LABOR REVIEW April 1984 • Book Reviews Publications received F all 1983, p p . 9 3 - 9 8 . Economic and social statistics Modeling Individuals’ Behavior: Evaluation of a Policymaker’s Tool. C a m b rid g e , M a s s ., N a tio n a l B u reau G u s tm a n , A la n L ., o f E c o n o m ic R e se a rc h , In c ., 1983, 23 P a p e r S e rie s , 1 2 23.) $ 1 .5 0 . pp. (nber W o rk in g “ H o w T h e y R an k : 1980 C e n su s R e su lts R a n k ed fo r S ta te s, M e t ro p o lita n A re a s , an d C itie s o f 5 0 ,0 0 0 o r M o r e ,” American Demographics, D e c e m b e r 1983, p p . 3 0 - 4 3 . O rg a n iz a tio n fo r E c o n o m ic C o o p e ra tio n and D e v e lo p m e n t, Labor Force Statistics, 1970-1981. P a ris, O rg a n iz a tio n fo r E c o n o m ic C o o p e ra tio n an d D e v e lo p m e n t, D e p a rtm e n t o f E c o n o m ic s a n d S ta tistic s , 1983, 4 7 7 p p . $ 2 4 , oecd P u b lica tio n s a n d In fo rm a tio n C e n te r, W a s h in g to n 2 0 0 0 6 . P a m p e l, F re d C ., “ C h a n g e s in th e P ro p e n sity to L iv e A lone: E v id e n c e fro m C o n se c u tiv e C ro ss -S e c tio n a l S u rv e y s, 1 9 6 0 1 9 7 6 ,” Demography, N o v e m b e r 1983, p p . 4 3 3 - 4 7 . Statistical Problems of Relating Research and Development Data to Productivity Data. O tta w a , O n ta rio , P o s tn e r, H a rry H ., E c o n o m ic C o u n c il o f C a n a d a , 1983, 41 p p . (D isc u ss io n P a p e r, 2 4 4 .) P ry o r, E d w a rd an d D o u g la s N o rris, “ C a n a d a in the E ig h tie s ,” American Demographics, D e c e m b e r 1983, b e g in n in g on p 24. R o b e y , B ry a n t a n d C h e ry l R u ss e ll, “ T ren d s: T h e S ta te s in 1 9 9 0 ,” American Demographics, D e c e m b e r 1983, b e g in n in g on p 20 . U .S . B u re a u o f th e C e n su s, Marital Status and Living Arrange ments, March 1982. B y A rle n e F. S a lu te r. W a s h in g to n , U .S . D e p a rtm e n t o f C o m m e rc e , B u re au o f the C e n su s, P o p u la tio n D iv isio n , 1 9 8 3 , 63 pp . (C u rre n t P o p u la tio n R e p o rts , S eries P -2 0 , N o . 3 8 0 .) $ 5 , S u p e rin te n d e n t o f D o c u m e n ts, W a s h in g to n 2 0 4 0 2 . National Transportation Sta tistics: Annual Report, January 1981-December 1981. By U .S . D e p a rtm e n t o f T ra n s p o rta tio n , Jo h n F . M itc h e ll an d P a m ela S p a u ld in g . C a m b rid g e , M a s s ., U .S . D e p a rtm e n t o f T ra n s p o rta tio n , T ra n s p o rta tio n S y ste m s C e n te r, R e se a rc h and S p e c ia l P ro g ra m s A d m in is tra tio n , O f fice o f In fo rm a tio n R e so u rc e s, 1983, 2 3 0 pp. Education B e h rm a n , Je re R . an d N a n cy B ird sa ll, “ T h e Q u a lity o f S ch o o lin g : Q u a n tity A lo n e is M is le a d in g ,” The American Economic Re view, D e c e m b e r 1983, pp . 9 2 8 - 4 6 . H a lte rm a n , W illia m J . , The Complete Guide to Nontraditional Education. N e w Y o rk , F a c ts o n F ile, 1983, 172 pp. $ 7 .9 5 , p a p e r. Health and safety G ib s o n , R o b e rt M ., D an iel R. W a ld o , and K a th a rin e R . L e v it, “ N a tio n a l H e alth E x p e n d itu re s, 1 9 8 2 ,” Health Care Fi nancing Review, F all 1983, pp . 1 -3 2 . L a th a m , W . B ry a n , Health Care Costs: There Are Solutions. N e w Y o rk , A m e ric a n M a n a g e m e n t A s so c ia tio n s , M e m b e rs h ip P u b lic a tio n s D iv isio n , 1983, 72 pp. $ 7 .5 0 , ama m em b e rs; $ 1 0 , n o n m e m b e rs . L a v e , Ju d ith R ., A llen D o b s o n , C a ro l W a lto n , “ T h e P o ten tial U se o f H e a lth C a re F in a n c in g A d m in is tra tio n D a ta S ets fo r H ealth C a re S e rv ic e s R e s e a r c h ,” Health Care Financing Review, 54 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M a rq u is , M . S u s a n , “ C o n s u m e rs ’ K n o w le d g e A b o u t th e ir H ealth In su ra n c e C o v e r a g e ,” Health Care Financing Review, Fall 1983, p p . 6 5 - 8 0 . Controlling Health Care Costs: Crisis in Employee Benefits. W a s h in g to n , 1983, 156 T h e B u re au o f N a tio n a l A ffa irs, I n c ., p p . $ 2 5 , p a p er. A v a ila b le from T h e B u reau o f N a tio n a l A f fa irs , In c ., R o c k v ille , M d . 2 0 8 5 0 . Industrial relations D e n e n b e rg , T ia S c h n e id e r and R. V . D e n e n b e rg , Alcohol and Drugs: Issues in the Workplace. W a s h in g to n , T h e B u re au o f N a tio n a l A ffa irs, I n c ., 1983, 201 pp. $ 30. D e u ts c h , S te v e n an d S a n d ra A lb re c h t, “ W o rk e r P a rtic ip a tio n in th e U n ited S tates: E fforts to D e m o c ra tiz e In d u stry an d th e E c o n o m y ,” Labour and Society, J u ly - S e p te m b e r 1 983, pp 2 4 3 -6 9 . F re e m a n , R ich ard B ., Unions, Pensions, and Union Pension Funds. C a m b rid g e , M a s s ., N atio n al B u re au o f E c o n o m ic R e se arc h , I n c ., 1983, 56 p p . ( nber W o rk in g P a p e r S e rie s , 1226.) $ 1 .5 0 . N a s h , A l, The Union Steward: Duties, Rights, and Status. 2 d e d ., re v . Ith a c a , N . Y ., C o rn e ll U n iv e rsity , N e w Y o rk S ta te S ch o o l o f In d u stria l an d L a b o r R e la tio n s , 1983. 62 p p ., b ib lio g ra p h y . (K e y Iss u e s S e rie s , 2 2 .) $ 5 , p a p e r, ilr P re ss , Ith a c a , N .Y . ed., Industrial Democracy at Sea: Authority and Democracy on a Norwegian Freighter. C a m b rid g e , T h e M a s S c h ra n k , R o b e rt, sa c h u se tts In stitu te o f T e c h n o lo g y , 1983, 2 2 0 pp . $ 1 7 .5 0 , T h e mii P re ss , C a m b rid g e , M a ss. T a y lo r, Jo h n B ., “ U n io n W ag e S e ttle m e n ts D u rin g a D isin fla t i o n ,” The American Economic Review, D e c e m b e r 1 983, p p 9 8 1 -9 3 . International economics B ra d a , J o s e f C ., “ T h e S o v ie t-A m e ric a n G ra in A g re e m e n t an d the N a tio n a l I n te r e s t,” American Journal of Agricultural Eco nomics, N o v e m b e r 1983, pp . 6 5 1 - 5 6 . K a rp , L a rry S. a n d A le x F. M c C a lla , “ D y n a m ic G a m e s an d In te rn a tio n a l T rad e : A n A p p lic a tio n to th e W o rld C o rn M a r k e t,” American Journal of Agricultural Economics, N o v e m b er 1983, p p . 6 4 1 - 5 0 . “ T o w a rd s a C a sh le s s S o c ie ty ,” 1983, p p . 9 - 1 4 . The oecd Observer, S e p te m b e r Labor and economic history “ J a p a n ,” Current History, N o v e m b e r 1983, pp . 3 5 3 - 9 5 . M a jk a , L in d a C . an d T h e o J. M a jk a , Farm Workers, Agribusiness, and the State. P h ila d e lp h ia , P a ., T em p le U n iv e rsity P re ss, 1982, 3 4 6 p p ., b ib lio g ra p h y . $ 2 4 .9 5 . The Electrical Workers: A History of Labor at General Electric and Westinghouse, 1923-60. C h a m p a ig n , S c h a tz , R o n a ld W ., 111., U n iv e rsity o f Illin o is P re ss, 1983, 279 p p ., b ib lio g ra p h y . $ 2 2 .9 5 . “ T h e S o v ie t U n io n , 1 9 8 3 ,” 3 0 5 -4 6 . Current History, O c to b e r 1983, p p. Labor force E c o n o m ic an d S o c ial C o m m itte e o f the E u ro p ea n C o m m u n itie s, Youth Employment: Opinion. B ru ss e ls, B e lg iu m , 1983, 92 pp. F o x , M a ry F ra n k an d S h a rle n e H e ss e -B ib e r, Women at Work. P alo A lto , C a lif ., M a y field P u b lish in g C o ., 1984, 276 pp . $ 1 0 .9 5 , p a p e r. G re a t B rita in , D e p a rtm e n t o f E m p lo y m e n t, “ E th n ic O rig in and E co n o m ic S t a tu s ,” Employment Gazette, O c to b e r 1983, pp. 4 2 4 -3 0 . --------“ L o n g -te rm U n e m p lo y m e n t— L a b o r M a rk et A s p e c ts ,” by M ich ael W h ite, Employment Gazette, O cto b er 1983, pp. 4 3 7 43. N e w Z e a la n d , D e p a rtm e n t o f L a b o r, “ T h e L a b o r M a rk et S itu a t io n , ” Labour and Employment Gazette, S e p te m b e r 1983, pp. 1 -5 . “ T h e E m p lo y m e n t Im p e ra tiv e an d L a b o r M a rk et P o lic ie s ,” oecd Observer. S e p te m b e r 1983, p p . 1 5 -1 9 . The V o y d a n o ff, P a tric ia , e d ., Work and Family: Changing Roles of Men and Women. P a lo A lto , C a li f ., M ay field P u b lish in g C o . , 1984, 3 8 3 p p . $ 1 0 .9 5 , p a p er. “ Y o u th E m p lo y m e n t an d U n e m p lo y m e n t— T w o C a se S tu d ies: Ire la n d a n d P o r tu g a l,” The oecd Observer, S e p te m b e r 1983, pp. 2 0 -2 4 . Monetary and fiscal policy D e v in e , Jo e l A ., “ F isc a l P o licy an d C lass In c o m e In eq u ality : T he D istrib u tio n a l C o n se q u e n c e s o f G o v e rn m e n t R e v en u e s and E x p e n d itu re s in th e U n ited S ta te s, 1 9 4 9 - 1 9 7 6 ,” American Sociological Review, O c to b e r 1983, p p . 6 0 6 - 2 2 . G ro s s m a n , S a n fo rd an d L a u re n c e W e iss , “ A T ra n s a c tio n s-B a se d M o d el o f th e M o n e ta ry T ra n s m iss io n M e c h a n is m ,” The American Economic Review, D e c e m b e r 1983, pp . 8 7 1 - 8 0 . P e c h m a n , J o s e p h A ., Federal Tax Policy. 4 th e d . W a s h in g to n , T h e B ro o k in g s Institution, 1983, 4 1 0 pp. $ 2 8 .9 5 , cloth; $ 9 .9 5 , p a p e r. T o w n s e n d , R o b e rt M ., “ F in a n cia l S tru c tu re an d E c o n o m ic A c tiv i t y ,” The American Economic Review, D e c e m b e r 1983, pp. 8 9 5 -9 1 1 . 1 2 1 1 .) $ 1 .5 0 . U .S . B u re au o f L a b o r S ta tistic s , Consumer Expenditure Survey: Diary Survey, 1980-81. P re p a re d by R o b e rt H a g em a n n and G e o rg e W e e d e n . W a s h in g to n , 1983, 6 9 pp. (B u lle tin 2 1 7 3 .) S to c k N o . 0 2 9 - 0 0 1 - 0 2 7 8 8 - 5 . $ 4 .5 0 . S u p e rin te n d e n t o f D o c u m e n ts, W ash in g to n 2 0 4 0 2 , gpo b o o k s to re s , o r bls re g io n a l offices. Productivity and technological change F ru d e , N e il, “ R e la tin g to R o b o ts ,” Across the Board, D e ce m b er 1983, p p . 4 2 - 5 0 . H a m m e r, T o v e H elian d , “ W o rk er P articipation P rogram s: D o T hey Im p ro v e P ro d u c tiv ity ? ilr Report, F all 1983, pp . 1 5 -2 0 . M c K e rs ie , R o b e rt B. an d Ja n ic e A . K le in , “ T h e In d u strial R e la tio n s D im e n s io n o f P ro d u c tiv ity : A S u m m a ry , ilr Report, F all 1983, p p . 9 - 1 4 . N e v in s , T h o m a s J . , “ A V iew fro m T o k y o ,” iLRReport, Fall 1983, pp. 2 3 -2 7 . N o rs w o rth y , J. R . an d D a v id H . M a lm q u ist, “ In p u t M e a su re m e n t an d P ro d u c tiv ity G ro w th in Ja p a n e se an d U .S . M a n u fa c tu r i n g ,” The American Economic Review, D e c e m b e r 1983, p p. 9 4 7 -6 7 . O s w a ld , R u d y , “ U n io n s an d P ro d u c tiv ity ,” ILRReport, F all 1983, pp. 2 0 -2 3 . Social institutions and social change E d w a rd s , C la rk , e d ., Government’s Role in Solving Societal Prob lems: Critical Issues and Decisions, Series VI. W a s h in g to n , U .S . D ep artm en t o f A gricu ltu re, G rad u ate S chool P ress, 1982, 117 p p ., b ib lio g ra p h y . $ 1 0 , c lo th ; $ 7 , p a p er. T in k e r, Ire n e , e d s ., Women in Washington: Advocates for Public Policy. B e v erly H ills, C a lif ., S a g e P u b lic a tio n s , In c ., 1983, 327 pp . (S a g e Y e arb o o k s in W o m e n ’s P o licy S tu d ie s , V ol. 7 .) $ 2 5 , c lo th ; $ 1 2 .5 0 , p ap er. Wages and compensation Prices and living conditions C h a p p e ll, H e n ry W ., Jr. and Jo h n T . A d d iso n , “ R e la tiv e P ric es, C o n c e n tra tio n , an d M o n e y G r o w th ,” The American Eco nomic Review, D e c e m b e r 1983, pp . 1 1 2 2 -2 6 . G o rd o n , R o b e rt J . , “ E n e rg y E fficien cy , U ser-C o st C h a n g e , and th e M e a s u re m e n t o f D u ra b le G o o d s P r ic e s .” R e p rin te d from The U.S. National Income and Product Accounts: Selected Topics, e d ite d by M u rra y F. F o ss, pp . 2 0 5 - 5 3 . C a m b rid g e , M a s s ., N a tio n a l B u re au o f E co n o m ic R e se a rc h , Inc. 1983. (nber R e p rin t S e rie s , 4 1 5 .) $ 1 .5 0 . K a n to r, L a u re n c e G ., “ In flatio n U n c e rta in ty and In flatio n H e d g i n g ,” Economic Review, F e d e ral R e se rv e B ank o f K an sas C ity , S e p te m b e r- O c to b e r 1983, p p . 2 4 - 3 7 . L eser, C . E . V ., “ S h o rt-ru n and L on g -ru n R elative Price C h a n g e s ,” Journal of the Royal Statistical Society, V ol. 146, P t. 2 , 1983, pp. 1 7 2 -8 1 . O ’B rie n -P la c e , P . M . a n d W . G . T o m e k , “ In flatio n in F o o d P ric es as M e a su re d b y L e a st-C o st D ie ts ,” American Journal of Ag ricultural Economics, N o v e m b e r 1983, pp . 7 8 1 - 8 4 . Automobile Prices and Quality: Did the Gasoline Price Increase Change Consumer Tastes in the U.S.? C a m b rid g e , M a s s ., N a tio n a l B u reau o f E co n o m ic O h ta , M a k o to a n d Z v i G rilic h e s , R e se a rc h , I n c ., 1983, 47 pp . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (nber W o rk in g P a p e r S e ries, C o v e rm a n , S h e lle y , “ G e n d e r, D o m e stic L a b o r T im e , an d W ag e I n e q u a lity ,” American Sociological Review, O c to b e r 1983, pp. 6 2 3 -3 7 . G re a t B rita in , D e p a rtm e n t o f E m p lo y m e n t, “ P a tte rn s o f Pay: E arly R e su lts o f the 1983 N e w E a rn in g s S u r v e y ,” Employment Gazette, O c to b e r 1983, p p . 4 4 4 - 4 6 . --------" S h o r te r H o u rs T h ro u g h N a tio n a l A g r e e m e n ts ,” ment Gazette, O c to b e r 1983, pp. 4 3 2 - 3 6 . Employ P rin c e to n U n iv e rsity , Employee Benefits that Meet Special Needs. P re p a re d by K a th e rin e B a g in . P rin c e to n , N .J ., P rin c eto n U n i v e rs ity , In d u strial R e la tio n s S e c tio n , 1983, 4 p p . (S e lec te d R e fe re n c e s , 2 1 7 .) 5 0 c en ts. R o c k , M ilto n L ., e d ., Handbook of Wage and Salary Adminis tration. 2 d e d . N ew Y o rk , M c G ra w -H ill B o o k C o ., 1984, 8 0 0 pp . $ 5 9 .9 5 . U .S . B u re au o f L a b o r S ta tistic s , Area Wage Surveys: Selected Metropolitan Areas, 1982 (B ulletin 3 0 1 5 - 7 3 , 130 p p ., $ 4 .7 5 ); Boston, Massachusetts, Metropolitan Area, August 1983 (B u lle tin 3 0 2 0 - 4 1 , 4 0 p p ., $ 3 .7 5 ); Nassau— Suffolk, New York, Metropolitan Area, August 1983 (B u lle tin 3 0 2 0 - 4 2 , 35 p p ., $ 3 .7 5 ); Gainesville, Florida, Metropolitan Area, Sep tember 1983 (B u lle tin 3 0 2 0 - 4 3 , 38 p p ., $ 3 .7 5 ); Hartford, Connecticut, Metropolitan Area, July 1983 (B u lle tin 3 0 2 0 - 55 MONTHLY LABOR REVIEW April 1984 • Book Reviews 4 4 , 4 3 p p ., $ 3 .7 5 ); Albany— Schenectady— Troy, New York, Metropolitan Area, September 1983 (B u lle tin 3 0 2 0 - 4 5 , 4 4 p p ., $ 3 .7 5 ); Cleveland, Ohio, Metropolitan Area, September 1983 (B u lle tin 3 0 2 0 - 4 6 , 55 p p ., $4); Miami, Florida, Met ropolitan Area, October 1983 (B u lle tin 3 0 2 0 - 4 7 , 35 p p ., $ 3 .7 5 ); New Orleans, Louisiana, Metropolitan Area, October 1983 (B u lle tin 3 0 2 0 - 4 8 , 33 p p ., $ 3 .7 5 ). A v a ila b le fro m the S u p e rin te n d e n t o f D o c u m e n ts, W ash in g to n 2 0 4 0 2 , gpo B o o k s to re s, o r bls re g io n a l offices. W illia m M . M e rc e r, I n c ., A Report on Salary ning for 1984. N e w Y o rk , 1983, 5 9 pp. and Incentive Plan Welfare programs and social insurance C a m p b e ll, C o lin D ., e d ., Controlling the Cost of Social Security. Life After Early Retirement: The Experiences of Lower-Level Workers. T o - M o rs e , D e a n W ., A n n a B . D u tk a , S u san H . G ra y , to w a , N .J ., R o w m a n & A lla n h e ld , P u b lish e rs, 1983, 192 p p . $25. N o u m i, K a ts u m i, “ F in a n c in g o f S o c ial S e c u rity M e d ic a l S c h e m e s a n d th e C o n ta in m e n t o f C o sts: T h e Ja p a n e se E x p e r ie n c e ,” International Social Security Review, V o l. 2 , 1983, pp . 180— 90 . Worker training and development Employment and Training Programs for Young People: Analysis of Assistance in 1980-81. C a n b e rra C ity , A u s tra lia , A u s tra lia n B u re a u o f A u s tra lia , B u re a u o f L a b o r M a rk e t R e se a rc h , L a b o r M a rk e t R e s e a rc h , 1983, 4 6 p p . (R e se a rc h R e p o rt, 2 .) W a s h in g to n , A m e ric a n E n te rp rise In stitu te fo r P u b lic P o licy R e s e a rc h , 1 983, 267 p p . $ 2 5 .9 5 , D .C . H e ath a n d C o ., L e x in g to n B o o k s, L e x in g to n , M ass. B la k e m o re , A rth u r E . an d S tu a rt A . L o w , “ R a ce a n d th e A c q u i sition of and R etu rn s to O n -th e-Jo b T raining (ojt) fo r Y o u th ,” Industrial Relations, F a ll 1983, pp . 3 7 4 - 8 6 . H a y - H u g g in s C o ., In c. Social Security’: Incorporating Changes to August 1, 1983. P h ila d e lp h ia , P a ., H a y - H u g g in s C o ., I n c ., 1 9 8 3 , 2 4 p p . (B o o k le t, 23) G re a t B rita in , D e p a rtm e n t o f E m p lo y m e n t, “ T ra in in g fo r th e F u t u r e ,” by R a lp h P itm a n , Employment Gazette, S e p te m b e r 1983, p p . 3 8 3 - 8 5 . “ M e a su rin g T ra in in g E ffe c tiv e n e s s ,” N o v e m b e r 1983, p p . 1 9 - 5 7 . p h ia , P a ., T e m p le U n iv e rsity P re ss , 1983, 353 p p . $ 3 9 .9 5 . N a tio n a l C o u n c il on E m p lo y m e n t P o lic y , K a m e rm a n , S h e ila B. an d A lfre d J. K a h n , “ In c o m e T ra n s fe rs an d M o th e r-O n ly F a m ilie s in E ig h t C o u n tr ie s ,” Social Service Review, S e p te m b e r 1983, p p . 4 4 8 - 6 4 . 56 Personnel Administrator, Income Transfers for Families with Children: An Eight-Country Study. P h ila d e l K a h n , A lfre d J. a n d S h e ila B. K a m e rm a n , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Back to Basics Under the Job Training Partnership Act ( j t p a : A Policy Statement by the National Council on Employment Policy. W a s h in g to n , 1983, 21 pp. Current Labor Statistics Notes on Current Labor Statistics..................................................................................................................................................... 58 Schedule of release dates for major BLS statistical series ........................................................................................... 58 Employment data from household survey. Definitions and notes ......................................................................... 59 59 60 61 62 62 63 63 63 1. 2. 3. 4. 5. 6. 7. 8. Employment status of the noninstitutional population, 16 years and over, selected years, 1950-83 ................................ Employment status of the population, including Armed Forces in the United States, by sex, seasonally adjusted . . . . Employment status of the civilian population, by sex, age, race, and Hispanic origin, seasonally adjusted .................. Selected employment indicators, seasonally ad ju sted ...................................................................................................................... Selected unemployment indicators, seasonally ad ju sted ................................................................................................................. Unemployment rates, by sex and age, seasonally adjusted ........................................................................................................... Unemployed persons, by reason for unemployment, seasonally ad ju sted .................................................................................. Duration of unemployment, seasonally adjusted............................................................................................................................... Employment, hours, and earnings data from establishment surveys. Definitions and notes 9. 10. 11. 12. 13. 14. 15. 16. 17. Employment by industry, selected years, 1950-83 ........................................................................................................................ Employment by State .............................................................................................................................................................................. Employment by industry division and major manufacturing group, seasonally a d ju sted ...................................................... Hours and earnings, by industry division, selected years, 1950-83 ........................................................................................... Weekly hours, by industry division and major manufacturing group, seasonally adjusted .................................................. Hourly earnings, by industry division and major manufacturing group .................................................................................... Hourly Earnings Index, by industry division ................................................................................................................................... Weekly earnings, by industry division and major manufacturing g r o u p .................................................................................... Indexes of diffusion: industries in which employment in creased .......................................................................... Unemployment insurance data. Definitions..................................................................................... .................................................................................................... 71 71 ....................................................................................................................................................... Consumer Price Index, 1967-83 .......................................................................................................................................................... Consumer Price Index, U .S. city average, general summary and selected it e m s .................................................................... Consumer Price Index, cross-classification of region and population size c l a s s ...................................................................... Consumer Price Index, selected areas ................................................................................................................................................. Producer Price Indexes, by stage of processing ............................................................................................................................... Producer Price Indexes, by commodity groupings .......................................................................................................................... Producer Price Indexes, by special commodity groupings ............................................................................................................. Producer Price Indexes, by durability of product ............................................................................................................................ Producer Price Indexes for the output of selected SIC industries ............................................................................................... 72 73 73 80 81 82 83 84 84 85 18. Unemployment insurance and employment service operations Price data. Definitions and notes 19. 20. 21. 22. 23. 24. 25. 26. 27. Productivity data. Definitions and notes 28. 29. 30. 31. 32. ..................................................................................................................................... Annual indexes of multifactor productivity and related measures, selected years, 1948-82 ................................................ Annual indexes of productivity, hourly compensation, unit costs, and prices, selected years, 1950-83 ........................... Annual changes in productivity, hourly compensation, unit costs, and prices, 1972-83 ..................................................... Quarterly indexes of productivity, hourly compensation, unit costs, and prices, seasonally adjusted ............................. Percent change from preceding quarter and year in productivity, hourly compensation,unit costs, and p r ic e s............... Wage and compensation data. Definitions and notes 33. 34. 35. 36. 37. 64 65 65 66 67 68 69 69 70 70 ..................................................................................................... Employment Cost Index, total compensation, by occupation and industry group .................................................................. Employment Cost Index, wages and salaries, by occupation and industry group .................................................................. Employment Cost Index, private nonfarm workers, by bargaining status, region, and area size ...................................... Wage and compensation change, major collective bargaining settlements, 1978 to d a te ...................................................... Effective wage adjustments in collective bargaining units covering 1,000 workers or more, 1978 to date .................... Work stoppage data. Definition ......................................................................................................................................................... 38. Work stoppages involving 1,000 workers or more, 1947 to date ............................................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 86 86 87 87 89 89 90 91 92 93 94 94 95 95 NOTES ON CURRENT LABOR STATISTICS T h is se c tio n o f th e Review p re sen ts the p rin c ip a l sta tistica l series quarter to quarter are published for numerous Consumer and Producer Price Index series. However, seasonally adjusted indexes are not published for the U .S. average. All Items CPI. Only seasonally adjusted percent changes are available for this series. Adjustments for price changes. Some data are adjusted to eliminate the effect of changes in price. These ad justments are made by dividing current dollar values by the Consumer Price Index or the appropriate component of the index, then multiplying by 100. For example, given a current hourly wage rate of $3 and a current price index number of 150, where 1967 = 100, the hourly rate expressed in 1967 dollars is $2 ($3/150 x 100 = $2). The resulting values are described as “ real,” “ constant,” or “ 1967” dollars. c o lle c te d an d c a lc u la te d by the B u re au o f L a b o r S ta tistic s. A b rie f in tro d u c tio n to e ac h g ro u p o f tab le s p ro v id es d e fin itio n s, n o tes on th e d a ta , so u rc e s , a n d o th e r m ate ria l u su a lly fo u n d in fo o tn o te s. R e a d e rs w h o n e ed a d d itio n al in fo rm a tio n are in v ite d to c o n su lt th e B L S re g io n a l offices liste d on the in sid e fro n t c o v e r o f this issu e o f th e Review. S o m e g en eral n o tes a p p lic ab le to se v e ra l series are g iv e n b e lo w . Seasonal adjustment. Certain monthly and quarterly data are adjusted to eliminate the effect of such factors as climatic conditions, industry pro duction schedules, opening and closing of schools, holiday buying periods, and vacation practices, which might otherwise mask short-term movements o f the statistical series. Tables containing these data are identified as “ sea sonally adjusted.” Seasonal effects are estimated on the basis of past experience. When new seasonal factors are computed each year, revisions may affect seasonally adjusted data for several preceding years. Seasonally adjusted labor force data in tables 3 - 8 were revised in the February 1984 issue o f the R e v i e w , to reflect experience through 1983. Beginning in January 1980, the BLS introduced two major modifications in the seasonal adjustment methodology for labor force data. First, the data are being seasonally adjusted with a new procedure called X -11/ ARIMA, which was developed at Statistics Canada as an extension of the standard X -l 1 method. A detailed description of the procedure appears in T h e X - l I A R I M A S e a s o n a l A d j u s t m e n t M e t h o d by Estela Bee Dagum (Statistics Canada Catalogue No. 12-564E, February 1980). The second change is that seasonal factors are now being calculated for use during the first 6 months o f the year, rather than for the entire year, and then are calculated at mid-year for the July-December period. Revisions of historical data continue to be made only at the end of each calendar year. Annual revision of the seasonally adjusted payroll data shown in tables 11, 13, and 15 were made in July 1983 using the X-l 1 ARIMA seasonal adjustment methodology. New seasonal factors for productivity data in tables 29 and 30 are usually introduced in the September issue. Seasonally adjusted indexes and percent changes from month to month and from Availability of information. Data that supplement the tables in this section are published by the Bureau of Labor Statistics in a variety of sources. Press releases provide the latest statistical information published by the Bureau; the major recurring releases are published according to the schedule given below. More information from household and establishment surveys is provided in E m p l o y m e n t a n d E a r n i n g s , a monthly publication of the Bureau. Comparable household information is published in a two-volume data book - L a b o r F o r c e S t a t i s t i c s D e r i v e d F r o m th e C u r r e n t P o p u l a t i o n S u r v e y , Bulletin 2096. Comparable establishment information appears in two data books - E m p l o y m e n t a n d E a r n i n g s , U n i t e d S t a t e s , and E m p l o y m e n t a n d E a r n i n g s , S t a t e s a n d A r e a s , and their annual supplements. More detailed information on wages and other aspects of collective bargaining appears in the monthly periodical, C u r r e n t W a g e D e v e l o p m e n t s . More detailed price information is published each month in the periodicals, the C P I D e t a i l e d R e p o r t and P r o d u c e r P r i c e s a n d P r i c e I n d e x e s . Symbols p = preliminary. To improve the timeliness of some series, pre liminary figures are issued based on representative but in complete returns. r = revised. Generally, this revision reflects the availability of later data but may also reflect other adjustments, n.e.c. = not elsewhere classified. Schedule of release dates for BLS statistical series S e r ie s R e le a s e P e r io d R e le a s e P e r io d R e le a s e P e r io d M L R ta b le d a te c o v e re d d a te c o v e re d d a te co v e re d num ber E m p lo y m e n t s it u a tio n . . . . A p r il 6 M a rc h M ay 4 A p r il June 1 May 1 -1 1 P r o d u c e r P r ic e I n d e x .................. A p r il 1 3 M a rc h M a y 11 A p r il Ju n e 15 May 2 3 -2 7 C o n s u m e r P r ic e I n d e x .............................. A p r il 2 4 M a rc h M ay 22 A p r il June 22 May 1 9 -2 2 R e a l e a r n i n g s ......................................................... A p r il 2 4 M a rc h M ay 22 A p r il Ju n e 22 May 1 2 -1 6 A p r il 2 6 1 s t q u a r te r M a jo r c o lle c tiv e b a r g a in in g s e t t le m e n t s . . . . A p r il 2 7 1 s t q u a r te r E m p lo y m e n t C o s t I n d e x ................................................ A p r il 3 0 1 s t q u a r te r P r o d u c t i v it y a n d c o s ts : N o n f a r m b u s in e s s a n d m a n u fa c t u r in g . . . N o n f in a n c ia l c o r p o r a t i o n s ........................................ 58 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ?q M ay 29 1 s t q u a r te r 3? 2 9 -3 2 3 6 -3 7 3 3 -3 5 EMPLOYMENT DATA FROM THE HOUSEHOLD SURVEY in this section are obtained from the Current Population Survey, a program of personal interviews conducted monthly by the Bureau of the Census for the Bureau of Labor Statistics. The sample consists of about 60,000 households selected to represent the U.S population 16 years of age and older. House holds are interviewed on a rotating basis, so that three-fourths of the sample is the same for any 2 consecutive months. E m plo y m en t d a ta Definitions Employed persons include (1) all civilians who worked for pay any time during the week which includes the 12th day of the month or who worked unpaid for 15 hours or more in a family-operated enterprise and (2) those who were temporarily absent from their regular jobs because of illness, vacation, industrial dispute, or similar reasons. Members of the Armed Forces stationed in the United States are also included in the em ployed total. A person working at more than one job is counted only in the job at which he or she worked the greatest number of hours. Unemployed persons are those who did not work during the survey week, but were available for work except for temporary illness and had looked for jobs within the preceding 4 weeks. Persons who did not look for work because they were on layoff or waiting to start new jobs within the next 30 days are also counted among the unemployed. The overall unemployment rate represents the number unemployed as a percent of the labor force, including the resident Armed Forces. The unemployment 1. rate for all civilian workers represents the number unemployed as a percent of the civilian labor force. The labor force consists of all employed or unemployed civilians plus members of the Armed Forces stationed in the United States. Persons not in the labor force are those not classified as employed or unemployed; this group includes persons who are retired, those engaged in their own housework, those not working while attending school, those unable to work because of long-term illness, those discouraged from seeking work because of personal or job market factors, and those who are voluntarily idle. The noninstitutional population comprises all persons 16 years of age and older who are not inmates of penal or mental institutions, sani tariums, or homes for the aged, infirm, or needy, and members of the Armed Forces stationed in the United States. The labor force participation rate is the proportion of the noninstitutional population that is in the labor force. The employment-population ratio is total employment (including the resident Armed Forces) as a percent of the noninstitutional population. Notes on the data From time to time, and especially after a decennial census, adjustments are made in the Current Population Survey figures to correct for estimating errors during the preceding years. These adjustments affect the compara bility of historical data presented in table 1. A description of these ad justments and their effect on the various data series appear in the Explanatory Notes of E m p l o y m e n t a n d E a r n i n g s . Data in tables 2 - 8 are seasonally adjusted, based on the seasonal ex perience through December 1983. Employment status of the noninstitutional population, 16 years and over, selected years, 1950-83 [Numbers in thousands] L a b o r fo rc e E m p lo y e d U n e m p lo y e d N o n in s t i Year p o p u la tio n N o t in C iv ilia n tu t io n a l P e rc e n t ot R e s id e n t N um ber p o p u la tio n P erce n t of P erce n t of T o ta l N o n a g r i- A rm e d p o p u la t io n F o rce s T o ta l A g r ic u ltu re N um ber c u ltu ra l la b o r fo rc e la b o r fo rc e in d u s t r ie s 1950 ...................... 1 0 6 ,1 6 4 6 3 ,3 7 7 5 9 .7 6 0 ,0 8 7 5 6 .6 1 ,1 6 9 5 8 ,9 1 8 7 ,1 6 0 5 1 ,7 5 8 3 ,2 8 8 5 .2 1955 ...................... 1 1 1 ,7 4 7 6 7 ,0 8 7 6 0 .0 6 4 ,2 3 4 5 7 .5 2 ,0 6 4 6 2 ,1 7 0 6 ,4 5 0 5 5 ,7 2 2 2 ,8 5 2 4 .3 4 4 ,6 6 0 1960 ...................... 1 1 9 ,1 0 6 7 1 ,4 8 9 6 0 .0 6 7 ,6 3 9 5 6 .8 1 ,8 6 1 6 5 ,7 7 8 5 ,4 5 8 6 0 ,3 1 8 3 ,8 5 2 5 .4 4 6 ,6 1 7 1965 ...................... 1 2 8 ,4 5 9 7 6 ,4 0 1 5 9 .5 7 3 ,0 3 4 5 6 .9 1 ,9 4 6 7 1 ,0 8 8 4 ,3 6 1 6 6 ,7 2 6 3 ,3 6 6 4 .4 1966 ...................... 1 3 0 ,1 8 0 7 7 ,8 9 2 5 9 .8 7 5 ,0 1 7 5 7 .6 2 ,1 2 2 7 2 ,8 9 5 3 ,9 7 9 6 8 ,9 1 5 2 ,8 7 5 3 .7 5 2 ,2 8 8 1967 ...................... 1 3 2 ,0 9 2 7 9 ,5 6 5 6 0 .2 7 6 ,5 9 0 5 8 .0 2 ,2 1 8 7 4 ,3 7 2 3 ,8 4 4 7 0 ,5 2 7 2 ,9 7 5 3 .7 5 2 ,5 2 7 1968 ...................... 1 3 4 ,2 8 1 8 0 ,9 9 0 6 0 .3 7 8 ,1 7 3 5 8 .2 2 ,2 5 3 7 5 ,9 2 0 3 ,8 1 7 7 2 ,1 0 3 2 ,8 1 7 3 .5 5 3 ,2 9 1 1969 ...................... 1 3 6 ,5 7 3 8 2 ,9 7 2 6 0 .8 8 0 ,1 4 0 5 8 .7 2 ,2 3 8 7 7 ,9 0 2 3 ,6 0 6 7 4 ,2 9 6 2 ,8 3 2 3 .4 5 3 ,6 0 2 1970 ...................... 1 3 9 ,2 0 3 8 4 ,8 8 9 6 1 .0 8 0 ,7 9 6 5 8 .0 2 ,1 1 8 7 8 ,6 7 8 3 ,4 6 3 7 5 ,2 1 5 4 ,0 9 3 4 .8 5 4 ,3 1 5 4 2 ,7 8 7 5 2 ,0 5 8 1971 ...................... 1 4 2 ,1 8 9 8 6 ,3 5 5 6 0 .7 8 1 ,3 4 0 5 7 .2 1 ,9 7 3 7 9 ,3 6 7 3 ,3 9 4 7 5 ,9 7 2 5 ,0 1 6 5 .8 5 5 ,8 3 4 1972 ...................... 1 4 5 ,9 3 9 8 8 ,8 4 7 6 0 .9 8 3 ,9 6 6 5 7 .5 1 ,8 1 3 8 2 ,1 5 3 3 ,4 8 4 7 8 ,6 6 9 4 ,8 8 2 5 .5 5 7 ,0 9 1 1973 ...................... 1 4 8 ,8 7 0 9 1 ,2 0 3 6 1 .3 8 6 ,8 3 8 5 8 .3 1 ,7 7 4 8 5 .0 6 4 3 .4 7 0 8 1 ,5 9 4 4 ,3 5 5 4 .8 5 7 ,6 6 7 1974 ...................... 1 5 1 ,8 4 1 9 3 ,6 7 0 6 1 .7 8 8 ,5 1 5 5 8 .3 1 ,7 2 1 8 6 .7 9 4 3 ,5 1 5 8 3 ,2 7 9 5 ,1 5 6 5 .5 5 8 .1 7 1 1975 ...................... 1 5 4 ,8 3 1 9 5 ,4 5 3 6 1 .6 8 7 ,5 2 4 5 6 .5 1 ,6 7 8 8 5 .8 4 5 3 ,4 0 8 8 2 .4 3 8 7 ,9 2 9 8 .3 5 9 ,3 7 7 1976 ...................... 1 5 7 ,8 1 8 9 7 ,8 2 6 6 2 .0 9 0 ,4 2 0 5 7 .3 1 ,6 6 8 8 8 ,7 5 2 3 ,3 3 1 8 5 ,4 2 1 7 ,4 0 6 7 .6 5 9 ,9 9 1 1977 ...................... 1 6 0 ,6 8 9 1 0 0 ,6 6 5 6 2 .6 9 3 ,6 7 3 5 8 .3 1 ,6 5 6 9 2 ,0 1 7 3 ,2 8 3 8 8 ,7 3 4 6 ,9 9 1 6 .9 6 0 ,0 2 5 1978 ...................... 1 5 3 ,5 4 1 1 0 3 ,8 8 2 6 3 .5 9 7 ,6 7 9 5 9 .7 1 ,6 3 1 9 6 ,0 4 8 3 ,3 8 7 9 2 ,6 6 1 6 .2 0 2 6 .0 5 9 ,6 5 9 1979 ...................... 1 6 6 ,4 6 0 1 0 6 ,5 5 9 6 4 .0 1 0 0 ,4 2 1 6 0 .3 1 ,5 9 7 9 8 ,8 2 4 3 ,3 4 7 9 5 ,4 7 7 6 ,1 3 7 5 .8 5 9 ,9 0 0 1980 ...................... 1 6 9 ,3 4 9 1 0 8 ,5 4 4 6 4 .1 1 0 0 ,9 0 7 5 9 .6 1 ,6 0 4 9 9 ,3 0 3 3 ,3 6 4 9 5 ,9 3 8 7 ,6 3 7 7 .0 6 0 ,8 0 6 6 1 ,4 6 0 1981 ...................... 1 7 1 ,7 7 5 1 1 0 ,3 1 5 6 5 .2 1 0 2 ,0 4 2 5 9 .4 1 ,6 4 5 1 0 0 ,3 9 7 3 ,3 6 8 9 7 ,0 3 0 8 ,2 7 3 7 .5 1982 ...................... 1 7 3 ,9 3 9 1 1 1 ,8 7 2 6 4 .3 1 0 1 ,1 9 4 5 8 .2 1 ,6 6 8 9 9 ,5 2 6 3 ,4 0 1 9 6 ,1 2 5 1 0 ,5 7 8 9 .5 6 2 ,0 6 7 1983 ...................... 1 7 5 ,8 9 1 1 1 3 ,2 2 6 6 4 .4 1 0 2 ,5 1 0 5 8 .3 1 ,6 7 6 1 0 0 ,8 3 4 3 ,3 8 3 9 7 ,4 5 0 1 0 ,7 1 7 9 .5 6 2 ,6 6 5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 59 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Household Data 2. Employment status of the population, including Armed Forces in the United States, by sex, seasonally adjusted [Numbers in thousands] A n n u al a v e ra g e 1983 1984 E m p lo y m e n t s ta tu s a n d s e x 1982 1983 Feb. M a r. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. D ec. Jan. Feb. TOTAL ................................... 1 7 3 ,9 3 9 1 7 5 ,8 9 1 1 7 5 ,1 6 9 1 7 5 ,3 2 0 1 7 5 ,4 6 5 1 7 5 ,6 2 2 1 7 5 ,7 9 3 1 7 5 ,9 7 0 1 7 6 ,1 2 2 1 7 6 ,2 9 7 1 7 6 ,4 7 4 1 7 6 ,6 3 6 1 7 6 ,8 0 9 1 7 7 ,2 1 9 1 7 7 ,3 6 3 ....................................................................... 1 1 1 ,8 7 2 1 1 3 ,2 2 6 1 1 2 ,3 5 2 1 1 2 ,3 9 9 1 1 2 ,6 4 6 1 1 2 ,6 1 9 1 1 3 ,5 7 3 1 1 3 ,4 8 9 1 1 3 ,7 9 9 1 1 3 ,9 2 4 1 1 3 ,5 6 1 1 1 3 ,7 2 0 1 1 3 ,8 2 4 1 1 3 ,9 0 1 1 1 4 ,3 7 7 6 4 .3 6 4 .4 6 4 .1 6 4 .1 6 4 .2 6 4 .1 6 4 .6 6 4 .5 6 4 .6 6 4 .6 6 4 .3 6 4 .4 6 4 .4 6 4 .3 6 4 .5 1 0 1 ,1 9 4 1 0 2 ,5 1 0 1 0 0 ,8 3 6 1 0 0 ,9 8 0 1 0 1 ,2 7 7 1 0 1 ,4 3 1 1 0 2 ,4 1 1 1 0 2 ,8 8 9 1 0 3 ,1 6 6 1 0 3 ,5 7 1 1 0 3 ,6 6 5 1 0 4 ,2 9 1 1 0 4 ,6 2 9 1 0 4 ,8 7 6 1 0 5 ,5 7 6 5 8 .2 5 8 .3 5 7 .6 5 7 .6 5 7 .7 5 7 .8 5 8 .3 5 8 .5 5 8 .6 5 8 .7 5 8 .7 5 9 .0 5 9 .2 5 9 .2 5 9 .5 N o n i n s t i t u t io n a l p o p u l a t i o n 1 - 2 L a b o r fo rc e 2 P a r tic ip a t io n r a te 3 ........................................ T o t a l e m p lo y e d 2 E m p lo y m e n t - p o p u la t io n r a te 4 . . . . ............................... 1 ,6 6 8 1 ,6 7 6 1 ,6 6 4 1 ,6 6 4 1 ,6 7 1 1 ,6 6 9 1 ,6 6 8 1 ,6 6 4 1 ,6 8 2 1 ,6 9 5 1 ,6 9 5 1 ,6 8 5 1 ,6 8 8 1 ,6 8 6 1 ,6 8 4 C iv ilia n e m p l o y e d ................................................. 9 9 ,5 2 6 1 0 0 ,8 3 4 9 9 ,1 7 2 9 9 ,3 1 6 9 9 ,6 0 6 9 9 ,7 6 2 1 0 0 ,7 4 3 1 0 1 ,2 2 5 1 0 1 ,4 8 4 1 0 1 ,8 7 6 1 0 1 ,9 7 0 1 0 2 ,6 0 6 1 0 2 ,9 4 1 1 0 3 ,1 9 0 1 0 3 ,8 9 2 R e s id e n t A r m e d F o r c e s 1 .......................................................... 3 ,4 0 1 3 ,3 8 3 3 ,4 1 5 3 ,3 8 6 3 ,3 9 2 3 ,3 7 4 3 ,4 7 9 3 ,4 9 9 3 ,4 4 9 3 ,3 0 8 3 ,2 4 0 3 ,2 5 7 3 ,3 5 6 3 ,2 7 1 3 ,3 9 5 N o n a g r ic u l t u r a l i n d u s t r i e s ...................... 9 6 ,1 2 5 9 7 ,4 5 0 9 5 ,7 5 7 9 5 ,9 3 0 9 6 ,2 1 4 9 6 ,3 8 8 9 7 ,2 6 4 9 7 ,7 2 6 9 8 ,0 3 5 9 8 ,5 6 8 9 8 ,7 3 0 9 9 ,3 4 9 9 9 ,5 8 5 9 9 ,9 1 8 1 0 0 ,4 9 6 U n e m p l o y e d ................................................................... 1 0 ,6 7 8 1 0 ,7 1 7 1 1 ,5 1 6 1 1 ,4 1 9 1 1 ,3 6 9 1 1 ,1 8 8 1 1 ,1 6 2 1 0 ,6 0 0 1 0 ,6 3 3 1 0 ,3 5 3 9 ,8 9 6 9 ,4 2 9 9 ,1 9 5 9 ,0 2 6 8 ,8 0 1 A g r ic u l t u r e U n e m p lo y m e n t r a te 5 .................................... 9 .5 9 .5 1 0 .2 1 0 .2 1 0 .1 9 .9 9 .8 9 .3 9 .3 9 .1 8 .7 8 .3 8 .1 7 .9 7 .7 6 2 ,0 6 7 6 2 ,6 6 5 6 2 ,8 1 7 6 2 ,9 2 1 6 2 ,8 1 9 6 3 ,0 0 3 6 2 ,2 2 0 6 2 ,4 8 1 6 2 ,3 2 3 6 2 ,3 7 3 6 2 ,9 1 3 6 2 ,9 1 6 6 2 ,9 8 5 6 3 ,3 1 8 6 2 ,9 8 6 ................................... 8 3 ,0 5 2 ....................................................................... N o t In la b o r f o r c e .......................................................... M e n , 16 y e a rs and over 8 4 ,0 6 4 8 3 ,7 2 0 8 3 ,7 8 9 8 3 ,8 5 6 8 3 ,9 3 1 8 4 ,0 1 4 8 4 ,0 9 9 8 4 ,1 7 3 8 4 ,2 6 1 8 4 ,3 4 4 8 4 ,4 2 3 8 4 ,5 0 6 8 4 ,7 4 5 8 4 ,8 1 1 6 3 ,9 7 9 6 4 ,5 8 0 6 4 ,0 7 7 6 4 ,0 9 6 6 4 ,3 1 1 6 4 ,3 4 8 6 4 ,7 7 8 6 4 ,8 4 0 6 4 ,8 0 7 6 4 ,8 7 7 6 4 ,7 0 9 6 4 ,8 4 6 6 4 ,8 3 8 6 4 ,9 3 0 6 5 ,0 9 3 ........................................ 7 7 .0 7 6 .8 7 6 .5 7 6 .5 7 6 .7 7 6 .7 7 7 .1 7 7 .1 7 7 .0 7 7 .0 7 6 .7 7 6 .8 7 6 .7 7 6 .6 7 6 .8 T o t a l e m p lo y e d 2 .......................................................... 5 7 ,8 0 0 5 8 ,3 2 0 5 7 ,3 2 1 5 7 ,4 2 3 5 7 ,5 8 9 5 7 ,7 4 4 5 8 ,3 6 9 5 8 ,5 9 2 5 8 ,6 0 7 5 8 ,8 2 8 5 8 ,9 5 0 5 9 ,3 8 9 5 9 ,5 8 0 5 9 ,7 8 1 6 0 ,1 4 7 N o n i n s t i t u t io n a l p o p u l a t i o n 1 - 2 L a b o r fo rc e 2 P a r tic ip a t io n r a te 3 E m p lo y m e n t - p o p u la t io n r a te 4 R e s id e n t A r m e d F o r c e s 1 . . . . 6 9 .6 6 9 .4 6 8 .5 6 8 .5 6 8 .7 6 8 .8 69 5 6 9 .7 6 9 .6 6 9 .8 6 9 .9 7 0 .3 7 0 .5 7 0 .5 7 0 .9 ............................... 1 ,5 2 7 1 ,5 3 3 1 ,5 2 8 1 ,5 2 8 1 ,5 3 0 1 ,5 2 8 1 ,5 2 5 1 ,5 2 1 1 ,5 3 8 1 ,5 4 9 1 ,5 4 3 1 ,5 3 4 1 ,5 3 7 1 ,5 4 2 1 ,5 4 0 C iv ilia n e m p l o y e d ................................................. 5 6 ,2 7 1 5 6 ,7 8 7 5 5 ,7 9 3 5 5 ,8 9 5 5 6 ,0 5 9 5 6 ,2 1 6 5 6 ,8 4 4 5 7 ,0 7 1 5 7 ,0 6 9 5 7 ,2 7 9 5 7 ,4 0 7 5 7 ,8 5 5 5 8 ,0 4 3 5 8 ,2 3 9 5 8 ,6 0 7 U n e m p l o y e d ................................................................... 6 ,1 7 9 6 ,2 6 0 6 ,7 5 6 6 ,6 7 3 6 ,7 2 2 6 ,6 0 4 6 ,4 0 9 6 ,2 4 8 6 ,2 0 0 6 ,0 4 9 5 ,7 5 9 5 ,4 5 7 5 ,2 5 8 5 ,1 4 9 4 ,9 4 6 U n e m p lo y m e n t r a te 5 .................................... 9 .7 9 .7 1 0 .5 1 0 .4 1 0 .5 1 0 .3 9 .9 9 .6 9 .6 9 .3 8 .9 8 .4 8 .1 7 .9 7 .6 W o m e n , 16 ye a rs an d over N o n i n s t i t u t io n a l p o p u l a t i o n 1 - 2 L a b o r fo rc e 2 .................................... 9 0 ,8 8 7 9 1 ,8 2 7 9 1 ,4 4 9 9 1 ,5 3 2 9 1 ,6 0 9 9 1 ,6 9 1 9 1 ,7 7 9 9 1 ,8 7 1 9 1 ,9 4 9 9 2 ,0 3 6 9 2 ,1 2 9 9 2 ,2 1 4 9 2 ,3 0 2 9 2 ,4 7 4 9 2 ,5 5 2 ....................................................................... 4 7 ,8 9 4 4 8 ,6 4 6 4 8 ,2 7 5 4 8 ,3 0 3 4 8 ,3 3 5 4 8 ,2 7 1 4 8 ,7 9 5 4 8 ,6 4 9 4 8 ,9 9 2 4 9 ,0 4 7 4 8 ,8 5 2 4 8 ,8 7 4 4 8 ,9 8 6 4 8 ,9 7 1 4 9 ,2 8 3 5 2 .7 5 3 .0 5 2 .8 5 2 .8 5 2 .8 5 2 .6 5 3 .2 5 3 .0 5 3 .3 53 3 5 3 .0 5 3 .0 5 3 .1 5 3 .0 5 3 .2 4 3 ,3 9 5 4 4 ,1 9 0 4 3 ,5 1 5 4 3 ,5 5 7 4 3 ,6 8 8 4 3 ,6 8 7 4 4 ,0 4 2 4 4 ,2 9 7 4 4 ,5 5 9 4 4 ,7 4 3 4 4 ,7 1 5 4 4 ,9 0 2 4 5 ,0 4 9 4 5 ,0 9 4 4 5 ,4 2 9 4 7 .7 4 8 .1 4 7 .6 4 7 .7 4 7 .6 4 8 .0 4 8 .2 4 8 .5 P a r tic ip a t io n r a te 3 ........................................ T o t a l e m p lo y e d 2 .......................................................... E m p lo y m e n t - p o p u la t io n r a te 4 . . . . 4 8 .6 4 8 .5 4 8 .7 4 8 .8 4 8 .8 4 9 .1 139 143 136 136 1 41 141 143 143 144 146 152 151 151 144 144 4 3 ,2 5 6 4 4 ,0 4 7 4 3 ,3 7 9 4 3 ,4 2 1 4 3 ,5 4 7 4 3 ,5 4 6 4 3 ,8 9 9 4 4 ,1 5 4 4 4 ,4 1 5 4 4 ,5 9 7 4 4 ,5 6 3 4 4 ,7 5 1 4 4 ,8 9 8 4 4 ,9 5 0 4 5 ,2 8 5 U n e m p l o y e d ................................................................... 4 ,4 9 9 4 ,4 5 7 4 ,7 6 0 4 ,7 4 6 4 ,6 4 7 4 ,5 8 4 4 ,7 5 3 4 ,3 5 2 4 ,4 3 3 4 ,3 0 4 4 ,1 3 7 3 ,9 7 2 3 ,9 3 7 3 ,8 7 6 3 ,8 5 5 U n e m p lo y m e n t r a te 5 ................................... 9 .4 9 .2 9 .9 9 .8 9 .6 9 .5 9 .7 8 .9 9 .0 8 .8 8 .5 8 .1 8 .0 7 .9 7 .8 R e s id e n t A r m e d F o r c e s 1 1 T h e p o p u la tio n a n d A r m e d F o r c e s f ig u r e s a r e n o t a d ju s t e d f o r s e a s o n a l v a r ia tio n . 4 T o ta l e m p lo y e d a s a p e r c e n t o f t h e n o n i n s t it u t i o n a l p o p u la tio n . 2 I n c lu d e s m e m b e r s o f t h e A r m e d F o r c e s s ta t io n e d in t h e U n ite d S ta te s . U n e m p l o y m e n t a s a p e r c e n t o f t h e la b o r f o r c e ( in c lu d in g t h e r e s id e n t A r m e d F o r c e s ) . 3 L a b o r f o r c e a s a p e r c e n t o f t h e n o n i n s t it u t i o n a l p o p u la tio n . 60 4 7 .6 ............................... C iv ilia n e m p l o y e d ................................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3. Employment status of the civilian population by sex, age, race, and Hispanic origin, seasonally adjusted [Numbers in thousands] A n n u al av e ra g e 1983 1984 E m p lo y m e n t s ta tu s 1982 1983 Feb. M ar. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. D ec. Jan. Feb. TOTAL C iv ilia n n o n in s t it u t i o n a l p o p u l a t i o n 1 ...................... 1 7 2 ,2 7 1 1 7 4 ,2 1 5 1 7 3 ,5 0 5 1 7 3 ,6 5 6 1 7 3 ,7 9 4 1 7 3 ,9 5 3 1 7 4 ,1 2 5 1 7 4 ,3 0 6 1 7 4 ,4 4 0 1 7 4 ,6 0 2 1 7 4 ,7 7 9 1 7 4 ,9 5 1 1 7 5 ,1 2 1 1 7 5 ,5 3 3 1 7 5 ,6 7 9 C iv ilia n la b o r f o r c e .......................................................... 1 1 0 ,2 0 4 1 1 1 ,5 5 0 1 1 0 ,6 8 8 1 1 0 ,7 3 5 1 1 0 ,9 7 5 1 1 0 ,9 5 0 1 1 1 ,9 0 5 1 1 1 ,8 2 5 1 1 2 ,1 1 7 1 1 2 ,2 2 9 1 1 1 ,8 6 6 1 1 2 ,0 3 5 1 1 2 ,1 3 6 1 1 2 ,2 1 5 1 1 2 ,6 9 3 P a r tic ip a t io n r a t e ............................................. 6 4 .0 6 4 .0 6 3 .8 6 3 .8 6 3 .9 6 3 .8 6 4 .3 6 4 .2 6 4 .3 6 4 .3 6 4 .0 6 4 .0 6 4 .0 6 3 .9 6 4 .1 9 9 ,5 2 6 1 0 0 ,8 3 4 9 9 ,1 7 2 9 9 ,3 1 6 9 9 ,6 0 6 9 9 ,7 6 2 1 0 0 ,7 4 3 1 0 1 ,2 2 5 1 0 1 ,4 8 4 1 0 1 ,8 7 6 1 0 1 ,9 7 0 1 0 2 ,6 0 6 1 0 2 ,9 4 1 1 0 3 ,1 9 0 1 0 3 ,8 9 2 E m p lo y e d ....................................................................... E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . 5 7 .8 5 7 .9 5 7 .2 5 7 .2 5 7 .3 5 7 .3 5 7 .9 5 8 .1 5 8 .2 5 8 .3 5 8 .3 5 8 .6 5 8 .8 5 8 .8 5 9 .1 1 0 ,6 7 8 1 0 ,7 1 7 1 1 ,5 1 6 1 1 ,4 1 9 1 1 ,3 6 9 1 1 ,1 8 8 1 1 ,1 6 2 1 0 ,6 0 0 1 0 ,6 3 3 1 0 ,3 5 3 9 ,8 9 6 9 ,4 2 9 9 ,1 9 5 9 ,0 2 6 8 ,8 0 1 .................................... 9 .7 9 .6 1 0 .4 1 0 .3 1 0 .2 1 0 .1 1 0 .0 9 .5 9 .5 9 .2 8 .8 8 .4 8 .2 8 .0 7 .8 .......................................................... 6 2 ,0 6 7 6 2 ,6 6 5 6 2 ,8 1 7 6 2 ,9 2 1 6 2 ,8 1 9 6 3 ,0 0 3 6 2 ,2 2 0 6 2 ,4 8 1 6 2 ,3 2 3 6 2 ,3 7 3 6 2 ,9 1 3 6 2 ,9 1 6 6 2 ,9 8 5 6 3 ,3 1 8 6 2 ,9 8 6 U n e m p l o y e d ................................................................... U n e m p lo y m e n t r a te N o t in la b o r f o r c e M e n , 2 0 y e a rs an d over C iv ilia n n o n i n s t it u t i o n a l p o p u l a t i o n 1 ...................... 7 3 ,6 4 4 7 4 ,8 7 2 7 4 ,4 3 4 7 4 ,5 2 8 7 4 ,6 1 1 7 4 ,7 1 2 7 4 ,8 1 4 7 4 ,9 2 7 7 5 ,0 1 2 7 5 ,1 1 5 7 5 ,2 1 6 7 5 ,3 2 7 7 5 ,4 3 3 7 5 ,6 9 2 7 5 ,7 8 6 C iv ilia n la b o r f o r c e .......................................................... 5 7 ,9 8 0 5 8 ,7 4 4 5 8 ,2 2 5 5 8 ,2 6 8 5 8 ,5 1 2 5 8 ,5 4 6 5 8 ,8 4 4 5 8 ,9 8 2 5 8 ,9 5 4 5 9 ,0 1 2 5 8 ,9 4 9 5 9 ,0 5 3 5 9 ,0 5 0 5 9 ,2 9 9 5 9 ,3 9 4 P a r tic ip a t io n r a t e ............................................. E m p lo y e d ................................................................... 7 8 .7 7 8 .5 7 8 .2 7 8 .2 7 8 .4 7 8 .4 7 8 .7 7 8 .7 7 8 .6 7 8 .6 7 8 .4 7 8 .4 7 8 .3 7 8 .3 7 8 .4 5 2 ,8 9 1 5 3 ,4 8 9 7 5 2 ,5 0 8 5 2 ,6 7 3 5 2 ,8 3 0 5 2 ,9 6 3 5 3 ,4 9 2 5 3 ,7 6 5 5 3 ,8 0 4 5 3 ,9 4 7 5 4 ,1 4 0 5 4 ,4 5 7 5 4 ,6 5 8 5 4 ,9 9 9 5 5 ,2 6 6 7 1 .8 7 1 .4 7 0 .5 7 0 .7 7 0 .8 7 0 .9 7 1 .5 7 1 .8 7 1 .7 7 1 .8 7 2 .0 7 2 .3 7 2 .5 7 2 .7 7 2 .9 E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . 2 ,4 2 2 2 ,4 2 9 2 ,4 0 2 2 ,4 2 5 2 ,4 2 1 2 ,4 4 0 2 ,4 9 7 2 ,5 2 1 2 ,4 7 5 2 ,4 3 1 2 ,3 7 6 2 ,3 3 6 2 ,3 7 4 2 ,3 5 6 2 ,4 0 9 ........................... 5 0 .4 6 9 5 1 ,0 5 8 5 0 ,1 0 6 5 0 ,2 4 8 5 0 ,4 0 9 5 0 ,5 2 3 5 0 ,9 9 5 5 1 ,2 4 4 5 1 ,3 2 9 5 1 ,5 1 6 5 1 ,7 6 4 5 2 ,1 2 1 5 2 ,2 8 4 5 2 ,6 4 3 5 2 ,8 5 7 U n e m p l o y e d ................................................................... A g r i c u l t u r e ................................................................... 5 ,0 8 9 5 ,2 5 7 5 ,7 1 7 5 ,5 9 5 5 ,6 8 2 5 ,5 8 3 5 ,3 5 2 5 ,2 1 7 5 ,1 5 0 5 ,0 6 5 4 ,8 0 9 4 ,5 9 6 4 ,3 9 2 4 ,3 0 0 4 ,1 2 8 8 .8 8 .9 9 .8 9 .6 9 .7 9 .5 9 .1 8 .8 8 .7 8 .6 8 .2 7 .8 7 .4 7 .3 7 .0 N o n a g r ic u ltu r a l in d u s t r ie s U n e m p lo y m e n t r a te ................................... W o m e n , 2 0 ye a rs and over ...................... 8 2 ,8 6 4 8 4 ,0 6 9 8 3 ,5 9 3 8 3 ,6 9 9 8 3 ,7 9 4 8 3 ,8 9 9 8 4 ,0 0 8 8 4 ,1 2 2 8 4 ,2 2 4 8 4 ,3 3 3 8 4 ,4 4 3 8 4 ,5 5 3 8 4 ,6 6 6 8 4 ,8 6 0 8 4 ,9 6 2 C iv ilia n la b o r f o r c e .......................................................... 4 3 ,6 9 9 4 4 ,6 3 6 4 4 ,2 4 8 4 4 ,2 5 9 4 4 ,3 1 1 4 4 ,3 3 1 4 4 ,6 8 4 4 4 ,6 4 7 4 4 ,8 9 6 4 5 ,0 6 2 4 4 ,9 3 6 4 4 ,9 5 3 4 5 ,0 2 4 4 4 ,9 8 1 4 5 ,2 5 8 C iv ilia n n o n in s t it u t i o n a l p o p u l a t i o n 1 P a r tic ip a t io n r a t e ............................................ E m p lo y e d ................................................................... 5 2 .7 5 3 .1 5 2 .9 5 2 .9 5 2 .9 5 2 .8 5 3 .2 5 3 .1 5 3 .3 5 3 .4 5 3 .2 5 3 .2 5 3 .2 5 3 .0 5 3 .3 4 0 ,0 8 6 4 1 ,0 0 4 4 0 ,3 1 5 4 0 ,3 6 8 4 0 ,5 3 1 4 0 ,5 8 3 4 0 ,8 4 7 4 1 ,1 2 3 4 1 ,2 9 8 4 1 ,5 5 0 4 1 ,5 7 0 4 1 ,7 3 8 4 1 ,8 4 3 4 1 ,7 9 8 4 2 ,1 3 8 4 8 .4 4 8 .8 4 8 .2 4 8 .2 4 8 .4 4 8 .4 4 8 .6 4 8 .9 4 9 .0 4 9 .3 4 9 .2 4 9 .4 4 9 .4 4 9 .3 4 9 .6 E m p lo y m e n t - p o p u la t io n r a t i o 2 . . . . A g r i c u l t u r e ................................................................... 601 620 640 632 621 605 634 613 627 581 597 638 653 625 640 ........................... 3 9 ,4 8 5 4 0 ,3 8 4 3 9 ,6 7 5 3 9 ,7 3 6 3 9 ,9 1 0 3 9 ,9 7 8 4 0 ,2 1 3 4 0 ,5 1 0 4 0 ,6 7 1 4 0 ,9 6 9 4 0 ,9 7 3 4 1 ,1 0 0 4 1 ,1 9 0 4 1 ,1 7 4 4 1 ,4 9 8 U n e m p l o y e d ................................................................... 3 ,6 1 3 3 ,6 3 2 3 ,9 3 3 3 ,8 9 1 3 ,7 8 0 3 ,7 4 8 3 ,8 3 7 3 ,5 2 4 3 ,5 9 8 3 ,5 1 2 3 ,3 6 6 3 ,2 1 5 3 ,1 8 1 3 ,1 8 2 3 ,1 2 0 8 .3 8 .1 8 .9 8 .8 8 .5 8 .5 8 .6 7 .9 8 .0 7 .8 7 .5 7 .2 7 .1 7 .1 6 .9 ...................... 1 5 ,7 6 3 1 5 ,2 7 4 1 5 ,4 7 8 1 5 ,4 2 9 1 5 ,3 8 9 1 5 ,3 4 2 1 5 ,3 0 3 1 5 ,2 5 7 1 5 ,2 0 4 1 5 ,1 5 4 1 5 ,1 2 0 1 5 ,0 7 2 1 5 ,0 2 2 1 4 ,9 8 1 1 4 ,9 3 1 C iv ilia n la b o r f o r c e .......................................................... 8 ,5 2 6 8 ,1 7 1 8 ,2 1 5 8 ,2 0 8 8 ,1 5 2 8 ,0 7 3 8 ,3 7 7 8 ,1 9 6 8 ,2 6 7 8 ,1 5 5 7 ,9 8 1 8 ,0 2 9 8 ,0 6 2 7 ,9 3 5 8 ,0 4 1 N o n a g r ic u ltu r a l in d u s t r ie s U n e m p lo y m e n t r a te .................................... B o th s e x e s , 1 6 to 1 9 y e a r s C iv ilia n n o n in s t it u t i o n a l p o p u l a t i o n 1 P a r tic ip a t io n r a t e ............................................ E m p lo y e d ................................................................... 5 4 .1 5 3 .5 5 3 .1 5 3 .2 5 3 .0 5 2 .6 5 4 .7 5 3 .7 5 4 .4 5 3 .8 5 2 .8 5 3 .3 5 3 .7 5 3 .0 5 3 .9 6 ,5 4 9 6 ,3 4 2 6 ,3 4 9 6 ,2 7 5 6 ,2 4 5 6 ,2 1 6 6 ,4 0 4 6 ,3 3 7 6 ,3 8 2 6 ,3 7 9 6 ,2 6 0 6 ,4 1 1 6 ,4 4 0 6 ,3 9 2 6 ,4 8 8 4 1 .5 4 1 .5 4 1 .0 4 0 .7 4 0 .6 4 0 .5 4 1 .8 4 1 .5 4 2 .0 4 2 .1 4 1 .4 4 2 .5 4 2 .9 4 2 .7 4 3 .5 E m p lo y m e n t - p o p u la t io n r a t i o 2 . . . . A g r i c u l t u r e ................................................................... 378 334 373 329 350 329 348 365 347 296 267 283 329 290 346 ........................... 6 ,1 7 1 6 ,0 0 8 5 ,9 7 6 5 ,9 4 6 5 ,8 9 5 5 ,8 8 7 6 ,0 5 6 5 ,9 7 2 6 ,0 3 5 6 ,0 8 3 5 ,9 9 3 6 ,1 2 8 6 ,1 1 1 6 ,1 0 2 6 ,1 4 2 U n e m p l o y e d ................................................................... 1 ,9 7 7 1 ,8 2 9 1 ,8 6 6 1 ,9 3 3 1 ,9 0 7 1 ,8 5 7 1 ,9 7 3 1 ,8 5 9 1 ,8 8 5 1 ,7 7 6 1 ,7 2 1 1 ,6 1 8 1 ,6 2 2 1 ,5 4 3 1 ,5 5 3 .................................... 2 3 .2 2 2 .4 2 2 .7 2 3 .6 2 3 .4 2 3 .0 2 3 .6 2 2 .7 2 2 .8 2 1 .8 2 1 .6 2 0 .2 2 0 .1 1 9 .4 1 9 .3 ...................... 1 4 9 ,4 4 1 1 5 0 ,8 0 5 1 5 0 ,1 8 7 1 5 0 ,3 8 2 1 5 0 ,5 1 8 1 5 0 ,6 7 1 1 5 0 ,8 1 0 1 5 0 ,9 5 9 1 5 1 ,0 0 3 1 5 1 ,0 2 1 1 5 1 ,1 7 5 1 5 1 ,3 2 4 1 5 1 ,4 8 4 1 5 1 ,9 3 9 1 5 2 ,0 7 9 C iv ilia n la b o r f o r c e .......................................................... 9 6 ,1 4 3 9 7 ,0 2 1 9 6 ,2 3 8 9 6 ,2 6 5 9 6 ,4 5 0 9 6 ,4 7 2 9 7 ,2 3 5 9 7 ,2 5 5 9 7 ,4 9 8 9 7 ,5 0 7 9 7 ,3 3 9 9 7 ,5 5 9 9 7 ,7 2 4 9 7 ,8 1 3 N o n a g r ic u ltu r a l I n d u s tr ie s U n e m p lo y m e n t r a te W h it e C iv ilia n n o n in s t it u t i o n a l p o p u l a t i o n 1 P a r tic ip a t io n r a t e ............................................ E m p lo y e d ....................................................................... 6 4 .3 6 4 .1 6 4 .0 6 4 .1 6 4 .0 6 4 .5 6 4 .4 6 4 .6 6 4 .6 6 4 .4 6 4 .5 6 4 .5 6 4 .4 6 4 .6 8 8 ,8 9 3 8 7 ,3 6 7 8 7 ,5 3 0 8 7 ,8 5 4 8 8 ,0 0 4 8 8 ,8 3 6 8 9 ,2 6 0 8 9 ,5 0 3 8 9 ,6 9 3 8 9 ,8 5 1 9 0 ,4 3 0 9 0 ,7 7 9 9 1 ,0 4 4 9 1 ,5 4 4 5 8 .8 5 8 .9 5 8 .2 5 8 .2 5 8 .4 5 8 .4 5 8 .9 5 9 .1 5 9 .3 5 9 .4 5 9 .4 5 9 .8 5 9 .9 5 9 .9 6 0 .2 8 ,2 4 1 8 ,1 2 8 8 ,8 7 1 8 ,7 3 5 8 ,5 9 6 8 ,4 6 8 8 ,3 9 9 7 ,9 9 5 7 ,9 9 5 7 ,8 1 4 7 ,4 8 8 7 ,1 2 9 6 ,9 4 5 6 ,7 6 8 6 ,6 2 3 8 .6 8 .4 9 .2 9 .1 8 .9 8 .8 8 .6 8 .2 8 .2 8 .0 7 .7 7 .3 7 .1 6 .9 6 .7 E m p lo y m e n t - p o p u la t io n r a t i o 2 . . . . U n e m p l o y e d ................................................................... U n e m p lo y m e n t r a te 9 8 ,1 6 7 6 4 .3 8 7 ,9 0 3 .................................... B la c k ...................... 1 8 ,5 8 4 1 8 ,9 2 5 1 8 ,7 9 6 1 8 ,8 2 3 1 8 ,8 5 1 1 8 ,8 8 0 1 8 ,9 1 1 1 8 ,9 4 2 1 8 ,9 6 6 1 8 ,9 9 4 1 9 ,0 2 6 1 9 ,0 5 7 1 9 ,0 8 6 1 9 ,1 9 6 1 9 ,2 2 2 C iv ilia n la b o r f o r c e .......................................................... 1 1 ,3 3 1 1 1 ,6 4 7 1 1 ,5 6 1 1 1 ,5 7 3 1 1 ,6 5 1 1 1 ,6 4 5 1 1 ,7 1 8 1 1 ,7 4 1 1 1 ,7 2 4 1 1 ,7 2 0 1 1 ,5 6 5 1 1 ,6 2 3 1 1 ,6 5 0 1 1 ,6 6 0 1 1 ,8 8 1 P a r tic ip a t io n r a t e ............................................ 6 1 .0 6 1 .5 6 1 .5 6 1 .5 6 1 .8 6 1 .7 6 2 .0 6 2 .0 6 1 .8 6 1 .7 6 0 .8 6 1 .0 6 1 .0 6 0 .7 6 1 .8 9 ,1 8 9 9 ,3 7 5 9 ,2 7 2 9 ,2 4 9 9 ,2 4 5 9 ,2 7 7 9 ,3 3 9 9 ,4 4 3 9 ,4 0 8 9 ,5 0 4 9 ,4 4 9 9 ,5 6 3 9 ,5 8 2 9 ,7 0 7 9 ,9 5 8 4 9 .4 4 9 .5 4 9 .3 4 9 .1 4 9 .0 4 9 .1 4 9 .4 4 9 .9 4 9 .6 5 0 .0 4 9 .7 5 0 .2 5 0 .2 5 0 .6 5 1 .8 2 ,1 4 2 2 ,2 7 2 2 ,2 8 9 2 ,3 2 4 2 ,4 0 6 2 ,3 6 8 2 ,3 7 9 2 ,2 9 8 2 ,3 1 6 2 ,2 1 6 2 ,1 1 6 2 ,0 6 0 2 ,0 6 8 1 ,9 5 3 1 ,9 2 3 1 8 .9 1 9 .5 1 9 .8 2 0 .1 2 0 .7 2 0 .3 2 0 .3 1 9 .6 1 9 .8 1 8 .9 1 8 .3 1 7 .7 1 7 .8 1 6 .7 1 6 .2 C iv ilia n n o n i n s t it u t i o n a l p o p u l a t i o n 1 E m p lo y e d ....................................................................... E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . U n e m p l o y e d ................................................................... U n e m p lo y m e n t r a te ................................... H is p a n ic o r ig in C iv ilia n n o n i n s t it u t i o n a l p o p u l a t i o n 1 ...................... 9 ,4 0 0 1 2 ,7 7 1 9 ,3 6 8 9 ,5 5 1 9 ,6 6 5 9 ,7 4 7 9 ,7 3 8 9 ,6 4 0 9 ,6 9 0 9 ,7 0 0 9 ,7 4 5 9 ,6 7 7 9 ,7 3 5 9 ,7 7 8 9 ,9 0 6 C iv ilia n la b o r f o r c e .......................................................... 5 ,9 8 3 8 ,1 1 9 6 ,0 0 1 6 ,0 7 0 6 ,1 6 1 6 ,1 3 9 6 ,2 0 2 6 ,0 9 0 6 ,1 4 5 6 ,2 0 2 6 ,1 6 5 6 ,2 3 2 6 ,2 6 7 6 ,3 3 6 6 ,2 9 2 P a r tic ip a t io n r a t e ............................................ 6 3 .6 6 3 .6 6 4 .1 6 3 .6 6 3 .7 6 3 .0 6 3 .7 6 3 .2 6 3 .4 6 3 .9 6 3 .3 6 4 .4 6 4 .4 6 4 .8 6 3 .5 5 ,1 5 8 6 ,9 9 5 5 ,0 7 1 5 ,1 1 4 5 ,2 5 9 5 ,2 8 4 5 ,3 3 6 5 ,3 3 9 5 ,3 5 0 5 ,3 9 2 5 ,3 9 8 5 ,4 6 3 5 ,5 4 0 5 ,6 2 7 5 ,6 5 2 5 4 .9 5 4 .8 5 4 .1 5 3 .5 5 4 .4 5 4 .2 5 4 .8 5 5 .4 5 5 .2 5 5 .6 5 5 .4 5 6 .5 5 6 .9 5 7 .6 5 7 .1 825 1 ,1 2 4 930 956 902 855 866 751 795 810 767 769 727 708 639 1 3 .8 1 3 .8 1 5 .5 1 5 .7 1 4 .6 1 3 .9 1 4 .0 1 2 .3 1 2 .9 1 3 .1 1 2 .4 1 2 .3 1 1 .6 1 1 .2 1 0 .2 E m p lo y e d ....................................................................... E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . U n e m p l o y e d .................................................................. U n e m p lo y m e n t r a te ................................... 1 T h e p o p u la tio n f ig u r e s a r e n o t s e a s o n a lly a d ju s t e d . 2 C iv ilia n e m p lo y m e n t a s a p e r c e n t o f t h e c iv ilia n n o n i n s t it u t i o n a l p o p u la tio n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N O TE : D e ta il f o r t h e a b o v e r a c e a n d H is p a n ic - o r ig in g r o u p s w i ll n o t s u m t o t o ta ls b e c a u s e d a ta f o r th e “ 0 , h e r r a c e s ” 9 r o u P s a r e n o t P r e s e n ,e d a n d H is p a n ic s a r e in c lu d e d in b o t h t h e w h i,e a n d b la c k p o p u la tio n g r o u p s . 61 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Household Data 4. Selected employment indicators, seasonally adjusted [In th o u s a n d s ] 1983 A n n u al av e ra g e 1982 1983 Feb. M a r. A p r. M ay 1984 June J u ly Aug. S e p t. O c t. Nov. Dec. Jan. Feb. C H A R A C T E R IS T IC C iv ilia n e m p lo y e d , 1 6 y e a r s a n d o v e r ............................... 9 9 ,3 1 6 9 9 ,6 0 6 9 9 ,7 6 2 1 0 0 ,7 4 3 1 0 1 ,2 2 5 1 0 1 ,4 8 4 1 0 1 ,8 7 6 1 0 1 ,9 7 0 1 0 2 ,6 0 6 1 0 2 ,9 4 1 1 0 3 ,1 9 0 1 0 3 ,8 9 2 5 6 ,2 7 1 5 6 ,7 8 7 5 5 ,7 9 3 5 5 ,8 9 5 5 6 ,0 5 9 5 6 ,2 1 6 5 6 ,8 4 4 5 7 ,0 7 1 5 7 ,0 6 9 5 7 ,2 7 9 5 7 .4 0 7 5 7 ,8 5 5 5 8 ,0 4 3 5 8 ,2 3 9 5 8 ,6 0 7 4 3 ,2 5 6 4 4 ,0 4 7 4 3 ,3 7 9 4 3 ,4 2 1 4 3 ,5 4 7 4 3 ,5 4 6 4 3 ,8 9 9 4 4 ,1 5 4 4 4 ,4 1 5 4 4 ,5 9 7 4 4 .5 6 3 4 4 ,7 5 1 4 4 .8 9 8 4 4 ,9 5 0 4 5 ,2 8 5 M a r r ie d m e n , s p o u s e p r e s e n t ........................................ 3 8 ,0 7 4 3 7 ,9 6 7 3 7 ,4 9 1 3 7 ,5 4 5 3 7 ,6 0 2 3 7 ,6 1 6 3 7 ,9 1 1 3 8 ,2 5 4 3 8 ,2 8 1 3 8 ,2 3 2 3 8 ,2 4 0 3 8 ,3 8 8 3 8 ,4 9 4 3 8 ,6 8 2 3 8 ,9 1 1 M a r r ie d w o m e n , s p o u s e p r e s e n t ............................... 2 4 ,0 5 3 2 4 ,6 0 3 2 4 ,1 2 9 2 4 ,2 2 0 2 4 ,3 6 1 2 4 ,3 0 4 2 4 ,4 1 6 2 4 ,6 1 8 2 4 ,9 0 5 2 4 ,9 2 1 2 4 ,9 5 3 2 5 ,0 5 7 2 5 ,1 4 0 2 4 ,9 4 7 2 5 ,2 1 2 5 ,0 9 9 5 ,0 9 1 5 ,0 1 6 5 ,0 9 3 4 ,9 6 9 4 ,9 9 1 5 ,0 2 9 5 ,0 7 1 5 ,0 9 6 5 ,1 2 4 5 ,1 7 2 5 ,2 3 6 5 ,2 5 4 5 ,2 9 3 5 ,3 4 6 W o m e n w h o m a in ta in f a m il ie s ................................... 9 9 ,5 2 6 1 0 0 ,8 3 4 M e n ..................................................................................................... W o m e n ............................................................................................ 9 9 ,1 7 2 M A J O R IN D U S T R Y A N D C L A S S O F W O R K E R A g r ic u ltu r e : W a g e a n d s a la r y w o r k e r s ................................................ 1 ,5 0 5 1 ,5 7 9 1 ,6 1 7 1 ,5 5 8 1 ,5 7 8 1 ,5 8 8 1 ,6 2 4 1 ,6 3 1 1 ,6 2 8 1 ,5 7 2 1 ,5 0 5 1 ,4 8 1 1 ,5 1 2 1 ,4 4 3 1 ,5 6 0 S e lf- e m p lo y e d w o r k e r s ..................................................... 1 ,6 3 6 1 ,5 6 5 1 ,5 6 2 1 ,5 8 4 1 ,5 9 5 1 ,5 5 8 1 ,5 9 1 1 ,5 7 3 1 ,5 6 4 1 ,5 1 5 1 ,5 2 7 1 ,5 5 6 1 ,5 7 2 1 ,6 1 3 1 ,6 0 9 U n p a id f a m il y w o r k e r s ......................................................... 261 240 230 265 219 233 252 251 240 236 227 224 265 233 232 9 2 ,3 7 9 N o n a g r ic u ltu r a l in d u s t r ie s : W a g e a n d s a la r y w o r k e r s ................................................ 8 8 ,4 6 2 8 9 ,5 0 0 8 7 ,9 1 6 8 8 ,0 7 8 8 8 ,3 9 0 8 8 ,5 8 4 8 9 ,3 4 5 8 9 ,6 8 7 9 0 ,0 3 2 9 0 ,7 4 3 9 0 ,6 1 7 9 1 ,0 9 4 9 1 ,4 2 2 9 1 ,6 4 1 G o v e r n m e n t ...................................................................... 1 5 ,5 6 2 1 5 ,5 3 7 1 5 ,5 1 0 1 5 ,4 7 9 1 5 ,5 2 4 1 5 ,5 3 0 1 5 ,5 1 4 1 5 ,5 9 3 1 5 ,6 7 1 1 5 ,5 6 0 1 5 ,5 7 8 1 5 ,5 8 5 1 5 ,4 8 1 1 5 ,5 3 5 1 5 ,8 2 2 P r iv a te i n d u s t r i e s ......................................................... 7 2 ,9 4 5 7 3 ,9 6 3 7 2 ,4 0 6 7 2 ,5 9 9 7 2 ,8 6 6 7 3 ,0 5 4 7 3 ,8 3 1 7 4 ,0 9 4 7 4 ,3 6 1 7 5 ,1 8 3 7 5 ,0 3 9 7 5 ,5 0 9 7 5 ,9 4 1 7 6 ,1 0 6 7 6 ,5 5 7 ........................................ 1 ,2 0 7 1 ,2 4 7 1 ,2 2 2 1 ,2 3 4 1 ,2 2 1 1 ,2 3 8 1 ,2 9 5 1 ,2 7 6 1 ,2 7 0 1 ,2 7 9 1 ,2 7 8 1 ,2 1 6 1 ,2 4 1 1 ,1 9 7 1 .2 1 9 O tn e r ........................................................................... P r iv a te h o u s e h o ld s 7 1 ,7 3 8 7 2 ,7 1 6 7 1 ,1 8 4 7 1 ,3 6 5 7 1 ,8 1 6 7 2 ,5 3 6 7 2 ,8 1 8 7 3 ,0 9 1 7 3 ,9 0 4 7 3 ,7 6 1 7 4 ,2 9 3 7 4 ,7 0 0 7 4 ,9 0 9 7 5 ,3 3 9 ..................................................... 7 ,2 6 2 7 ,5 7 5 7 ,4 0 3 7 ,4 5 6 7 ,5 0 4 7 ,4 4 8 7 ,5 1 0 7 ,5 9 5 7 ,6 4 1 7 ,6 5 6 7 ,6 9 5 7 ,8 0 0 7 ,7 3 4 7 ,9 3 6 7 ,8 4 9 U n p a id f a m il y w o r k e r s ......................................................... 401 376 354 344 354 345 352 322 375 380 405 474 450 364 330 S e lf- e m p lo y e d w o r k e r s 7 1 ,6 4 5 ' PERSONS AT W O R K 1 N o n a g r ic u ltu r a l i n d u s t r i e s ............................... F u ll- t im e s c h e d u le s . . . . P a r t t im e f o r e c o n o m ic r e a s o n s ................................... 9 0 ,5 5 2 9 2 ,0 3 8 9 0 ,7 2 6 9 0 ,4 5 0 9 2 ,2 3 3 9 1 ,0 7 0 9 0 ,9 1 3 9 2 ,1 2 6 9 1 ,9 5 3 9 3 ,3 2 2 9 3 ,2 7 3 9 3 ,8 3 4 9 4 ,1 7 3 9 4 ,7 0 7 9 5 ,0 6 7 7 2 ,2 4 5 7 3 ,6 2 4 7 1 ,7 0 3 7 2 ,0 3 5 7 3 ,5 6 7 7 2 ,9 4 9 7 3 ,0 7 1 7 3 ,8 4 4 7 3 ,4 9 9 7 4 ,6 6 6 7 5 ,0 4 7 7 5 ,3 9 8 7 5 ,8 0 2 7 6 ,2 3 7 7 6 ,7 1 5 5 ,7 1 2 5 ,9 4 3 5 ,8 5 2 5 ,9 9 7 6 ,3 6 2 6 ,1 6 9 6 ,0 7 7 5 ,9 6 5 5 ,8 8 6 5 ,7 0 0 5 ,8 6 6 6 ,0 2 7 5 ,7 2 4 5 ,8 4 8 ............................................ 2 ,1 6 9 1 ,8 2 6 2 ,0 5 9 1 ,9 3 4 1 ,8 8 8 1 ,7 4 8 1 ,7 7 7 1 ,7 8 1 1 ,7 4 2 1 ,7 7 1 1 ,6 1 7 1 ,7 1 9 1 ,6 7 2 1 ,7 7 1 1 ,6 1 1 U s u a lly w o r k p a r t t i m e ............................................ 3 ,6 8 3 4 ,1 7 1 4 ,3 0 3 4 ,2 3 5 4 ,1 8 9 4 ,2 1 7 4 ,1 0 9 3 ,9 1 9 4 ,1 2 4 4 ,2 5 6 4 ,1 0 7 4 ,1 2 9 4 ,0 4 0 4 ,1 7 2 4 ,1 9 7 P a r t t im e f o r n o n e c o n o m ic r e a s o n s .......................... 1 2 ,4 5 5 1 2 ,4 1 7 1 2 ,2 1 1 1 2 ,2 4 6 1 2 ,5 8 9 1 2 ,1 5 6 1 1 ,9 5 6 1 2 ,5 8 2 1 2 ,5 8 8 1 2 ,6 2 9 1 2 ,5 0 2 1 2 ,5 8 8 1 2 ,6 5 9 1 2 ,5 2 7 1 2 ,5 4 5 M ay June Aug. S e p t. O c t. Nov. D ec. Jan. U s u a lly w o r k f u ll t im e 5 ,8 0 8 1 E x c lu d e s p e r s o n s “ w ith a jo b b u t n o t a t w o r k ” d u r in g th e s u r v e y p e r io d f o r s u c h r e a s o n s a s v a c a tio n , illn e s s , o r in d u s t r ia l d is p u t e s . 5. Selected unemployment indicators, seasonally adjusted [ U n e m p lo y m e n t r a te s ] 1983 A n n u al a v e ra g e 1984 1982 1983 Feb. T o t a l, a ll c iv ilia n w o r k e r s .............................................................. 9 .7 9 .6 1 0 .4 1 0 .3 1 0 .2 1 0 .1 1 0 .0 9 .5 9 .5 9 .2 8 .8 8 .4 8 .2 8 .0 7 .8 B o t h s e x e s , 1 6 t o 1 9 y e a r s ............................................ 2 3 .2 2 2 .4 2 2 .7 2 3 .6 2 3 .4 2 3 .0 2 3 .6 2 2 .7 2 2 .8 2 1 .8 2 1 .6 2 0 .2 2 0 .1 1 9 .4 1 9 .3 7 .0 M ar. A p r. J u ly Feb. C H A R A C T E R IS T IC M e n , 2 0 y e a r s a n d o v e r ..................................................... 8 .8 8 .9 9 .8 9 .6 9 .7 9 .5 9 .1 8 .8 8 .7 8 .6 8 .2 7 .8 7 .4 7 .3 W o m e n , 2 0 y e a r s a n d o v e r ............................................ 8 .3 8 .1 8 .9 8 .8 8 .5 8 .5 8 .6 7 .9 8 .0 7 .8 7 .5 7 .2 7 .1 7 .1 6 .9 W h it e , t o t a l .................................................................................... 8 .6 8 .4 9 .2 9 .1 8 .9 8 .8 8 .6 8 .2 8 .2 8 .0 7 .7 7 .3 7 .1 6 .9 6 .7 B o th s e x e s , 1 6 t o 1 9 y e a r s ............................... 20 4 ................................... 1 9 .3 2 0 .1 2 1 .1 2 0 .3 1 9 .9 2 0 .1 1 9 .4 1 9 .5 1 8 .2 1 8 .5 1 7 .2 1 7 .0 1 6 .2 1 6 .5 2 1 .7 2 0 .2 2 1 .4 2 2 .6 2 1 .4 2 0 .4 2 0 .4 2 0 .3 2 0 .7 1 8 .9 1 9 .8 1 7 .6 1 7 .5 1 7 .8 1 6 .4 ........................... 1 9 .0 1 8 .3 1 8 .7 1 9 .6 1 9 .1 1 9 .4 1 9 .7 1 8 .4 1 8 .2 1 7 .4 1 6 .9 1 6 .6 1 6 .5 1 4 .5 1 6 .7 M e n , 2 0 y e a r s a n d o v e r ........................................ 7 .8 7 .9 8 .8 8 .5 8 .5 8 .4 7 .9 7 .7 7 .7 7 .7 7 .3 6 .9 6 .7 6 .3 6 .1 W o m e n , 2 0 y e a rs a n d o v e r 7 .3 6 .9 7 .7 7 .5 7 .3 7 .2 7 .4 6 .8 6 .7 6 .6 6 .3 6 .0 5 .9 6 .0 5 .8 M e n , 1 6 to 19 y e a rs W o m e n , 1 6 to 1 9 y e a rs ............................... B la c k , t o t a l .................................................................................... 1 8 .9 1 9 .5 1 9 .8 2 0 .1 2 0 .7 2 0 .3 2 0 .3 1 9 .6 1 9 .8 1 8 .9 1 8 .3 1 7 .7 1 7 .8 1 6 .7 ............................... 4 8 .0 4 8 .5 4 6 .5 4 5 .1 4 9 .1 4 8 .4 4 9 .8 4 8 .4 5 1 .4 5 1 .1 4 8 .7 4 7 .3 4 9 .0 4 7 .9 4 3 .5 ................................... 4 8 .9 4 8 .8 4 7 .2 4 6 .5 4 8 .6 5 2 .1 5 0 .7 4 8 .3 5 3 .7 5 2 .7 4 5 .6 4 4 .9 4 6 .4 4 7 .1 4 6 .7 4 7 .1 4 8 .2 4 4 .1 4 8 .7 3 9 .9 B o th s e x e s , 1 6 t o 1 9 y e a r s M e n , 16 to 1 9 y e a rs W o m e n , 1 6 to 1 9 y e a rs ........................... 1 6 .2 4 5 .7 4 3 .5 4 9 .6 4 8 .4 4 8 .8 4 9 .2 5 2 .2 5 0 .0 5 1 .9 4 8 .8 M e n , 2 0 y e a r s a n d o v e r ........................................ 1 7 .8 1 8 .1 1 8 .8 1 9 .1 2 0 .0 1 9 .5 1 8 .9 1 8 .6 1 8 .2 1 6 .9 1 6 .3 1 5 .6 1 5 .1 1 4 .8 1 4 .1 W o m e n , 2 0 y e a rs a n d o v e r ............................... 1 5 .4 1 6 .5 1 6 .9 1 7 .4 1 6 .9 1 7 .0 1 6 .9 1 6 .2 1 6 .4 1 6 .1 1 5 .9 1 5 .6 1 5 .9 1 4 .3 1 4 .4 H is p a n ic o r ig in , t o t a l .............................................................. 1 3 .8 1 3 .8 1 5 .5 1 5 .7 1 4 .6 1 3 .9 1 4 .0 1 2 .3 1 2 .9 1 3 .1 1 2 .4 1 2 .3 1 1 .6 1 1 .2 1 0 .2 M a r r ie d m e n , s p o u s e p r e s e n t ........................................ 6 .5 6 .5 7 .2 7 .1 7 .1 7 .0 6 .7 6 .2 6 .3 6 .1 5 .7 5 .5 5 .2 5 .0 4 .9 M a r r ie d w o m e n , s p o u s e p r e s e n t ............................... W o m e n w h o m a in ta in f a m il ie s ................................... F u ll- t im e w o r k e r s ....................................................................... 7 .4 7 .0 7 .6 7 .5 7 .4 7 .4 7 .6 7 .0 6 .9 6 .8 6 .3 6 .0 6 .1 6 .0 5 .9 1 1 .7 1 2 .2 1 3 .2 1 3 .3 1 3 .0 1 2 .7 1 2 .5 1 1 .8 1 1 .8 1 2 .0 1 1 .4 1 0 .5 1 0 .9 1 0 .7 1 1 .0 9 .6 9 .5 1 0 .4 1 0 .2 1 0 .2 1 0 .0 9 .7 9 .4 9 .3 9 .1 8 .7 8 .2 8 .0 7 .8 7 .5 1 0 .5 1 0 .4 1 0 .1 1 0 .6 1 0 .5 1 0 .9 1 1 .8 1 0 .2 1 0 .2 1 0 .1 1 0 .0 9 .8 9 .8 9 .2 9 .3 ............................... 3 .2 3 .8 4 .2 4 .1 4 .0 4 .1 4 .0 3 .9 3 .6 3 .5 3 .3 3 .1 3 .0 2 .9 2 .6 L a b o r f o r c e t im e l o s t 1 .......................................................... 1 1 .0 1 0 .9 1 1 .9 1 1 .7 1 1 .5 1 1 .5 1 1 .1 1 0 .7 1 0 .7 1 0 .5 1 0 .0 9 .7 9 .4 9 .2 8 .9 9 .9 1 0 .8 P a r t- ti m e w o r k e r s .................................................................. U n e m p lo y e d 1 5 w e e k s a n d o v e r IN D U S T R Y N o n a g r ic u l t u r a l p r iv a te w a g e a n d s a la r y w o r k e r s M i n in g . . ............................................................................................. C o n s t r u c t io n ............................................................................... M a n u fa c t u r in g ........................................................................... 1 0 .1 1 0 .7 1 0 .5 1 0 .4 9 .7 9 .8 9 .4 9 .0 1 3 .4 1 7 .0 1 9 .1 1 9 .2 2 0 .3 2 0 .8 1 7 .9 1 6 .6 1 4 .9 1 6 .9 1 2 .1 1 2 .8 1 2 .4 1 0 .9 1 2 .2 2 0 .0 1 8 .4 1 9 .9 2 0 .2 2 0 .0 2 0 .0 1 8 .4 1 0 .1 1 8 .0 1 7 .9 1 8 .1 1 5 .8 1 5 .6 1 6 .3 1 5 .0 1 5 .1 1 3 .1 1 2 .8 8 .3 8 .4 7 .5 8 .6 8 .3 7 .9 7 .8 1 2 .3 1 1 .2 1 2 .5 1 2 .3 1 1 .6 1 0 .7 1 1 .2 1 0 .2 9 .6 8 .9 1 3 .3 1 2 .1 1 4 .5 1 4 .3 1 3 .7 1 3 .5 1 2 .5 1 1 .4 1 1 .7 1 0 .9 1 0 .2 9 .0 8 .3 8 .0 ..................................................... 1 0 .8 1 0 .0 1 1 .0 1 0 .8 1 0 .8 1 0 .6 1 0 .2 9 .7 1 0 .5 9 .3 8 .7 8 .7 8 .2 8 .9 7 .8 T r a n s p o r t a t i o n a n d p u b lic u t i l i t i e s ............................... 6 .8 7 .4 8 .0 7 .6 7 .7 7 .3 7 .8 7 .3 7 .7 7 .4 7 .2 6 .7 6 .5 5 .1 5 .9 W h o le s a le a n d r e ta il t r a d e ................................................ 1 0 .0 1 0 .0 1 0 .9 1 0 .9 1 0 .4 1 0 .2 1 0 .2 D u r a b le g o o d s .............................................................. N o n d u r a b le g o o d s 9 .8 9 .8 9 .5 9 .8 8 .4 8 .3 .................................... 6 .9 7 .2 7 .4 7 .3 7 .3 7 .5 7 .2 7 .3 7 .2 7 .0 6 .9 6 .7 6 .6 6 .3 6 .3 ....................................................................... 4 .9 5 .3 5 .8 5 .7 5 .8 5 .6 5 .1 5 .4 5 .1 5 .0 5 .1 4 .9 5 .0 5 .0 4 .5 1 4 .7 1 6 .0 1 6 .3 1 5 .9 1 6 .8 1 6 .8 1 6 .5 1 5 .0 1 5 .1 1 6 .5 1 6 .2 1 5 .7 1 5 .6 1 5 .5 1 4 .0 F in a n c e a n d s e r v ic e in d u s t r ie s G o v e rn m e n t w o rk e rs 7 .3 A g r ic u l t u r a l w a g e a n d s a la r y w o r k e r s ............................... 1 A g g r e g a t e h o u r s lo s t b y t h e u n e m p lo y e d a n d p e r s o n s o n p a r t t im e f o r e c o n o m ic r e a s o n s a s a p e r c e n t o f p o t e n t i a lly a v a ila b le la b o r f o r c e h o u r s . 62 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9 .1 8 .8 6. Unemployment rates by sex and age, seasonally adjusted [Civilian workers] A n n u al av e ra g e 1983 1984 Sex and age 1982 T o t a l, 1 6 y e a r s a n d o v e r .............................................................. 9 .6 Feb. 1 0 .4 M a r. 1 0 .3 A p r. 1 0 .2 M ay 1 0 .1 June 1 0 .0 J u ly 9 .5 Aug. 9 .5 S e p t. 9 .2 O c t. 8 .8 Nov. 8 .4 D ec. 8 .2 Jan. Feb. 8 .0 7 .8 ............................................................................... 1 7 .8 1 7 .2 1 8 .3 1 8 .2 1 8 .1 1 8 .0 1 7 .6 1 6 .8 1 7 .2 1 6 .5 1 6 .3 1 5 .4 1 4 .9 1 4 .8 1 4 .2 1 6 t o 1 9 y e a r s ........................................................................... 2 3 .2 2 2 .4 2 2 .7 2 3 .6 2 3 .4 2 3 .0 2 3 .6 2 2 .7 2 2 .8 2 1 .8 2 1 .6 2 0 .2 2 0 .1 1 9 .4 1 9 .3 1 6 to 2 4 y e a rs 1 6 t o 1 7 y e a r s ....................................................................... 2 4 .9 2 4 .5 2 4 .0 2 5 .4 2 5 .8 2 5 .6 2 5 .6 2 5 .1 2 4 .8 2 4 .0 2 4 .0 2 1 .9 2 2 .9 2 1 .9 2 2 .1 1 8 t o 1 9 y e a r s ....................................................................... 2 2 .1 2 1 .1 2 1 .8 2 2 .6 2 1 .9 2 1 .3 2 2 .3 2 0 .8 2 1 .6 2 0 .5 2 0 .3 1 9 .3 1 8 .8 1 7 .6 1 7 .5 2 0 t o 2 4 y e a r s ........................................................................... 1 1 .6 1 4 .9 1 4 .5 1 6 .1 1 5 .4 1 5 .4 1 5 .5 1 4 .5 1 3 .9 1 4 .4 1 3 .8 1 3 .6 1 3 .0 1 2 .2 1 2 .5 ....................................................................... 7 .4 7 .5 8 .2 8 .1 8 .0 7 .9 7 .9 7 .4 7 .3 7 .2 6 .8 6 .5 6 .4 6 .2 2 5 t o 5 4 y e a r s ....................................................................... 7 .9 8 .0 8 .7 8 .7 8 .5 8 .5 8 .3 7 .9 7 .8 7 .7 7 .2 6 .9 6 .8 6 .5 6 .4 5 5 y e a r s a n d o v e r .............................................................. 5 .0 5 .3 5 .4 5 .4 5 .5 5 .3 5 .5 5 .3 5 .1 5 .2 5 .0 4 .9 4 .9 4 .7 4 .3 2 5 y e a rs a n d o v e r 6 .1 M e n , 1 6 y e a r s a n d o v e r ..................................................... 9 .9 9 .9 1 0 .8 1 0 .7 1 0 .7 1 0 .5 1 0 .1 9 .9 9 .8 9 .6 9 .1 8 .6 1 6 t o 2 4 y e a r s ....................................................................... 1 9 .1 1 8 .4 1 9 .8 1 9 .4 1 9 .5 1 9 .5 1 8 .6 1 8 .4 1 8 .6 1 7 .6 1 7 .3 1 5 .9 1 5 .6 1 5 .6 1 4 .6 .............................................................. 2 4 .4 2 3 .3 2 4 .0 2 5 .1 2 4 .4 2 3 .9 2 4 .0 2 3 .8 2 4 .3 2 2 .8 2 2 .5 2 0 .2 2 0 .4 2 0 .8 1 9 .7 1 6 t o 1 7 y e a r s .......................................................... 2 6 .4 2 5 .2 2 4 .4 26 3 2 6 .9 2 6 .7 2 6 .0 2 7 .3 2 6 .0 23 9 2 4 .3 2 2 .0 2 3 .3 2 1 .6 2 1 .6 1 8 t o 1 9 y e a r s ......................................................... 2 3 .1 2 2 .2 2 3 .5 2 4 .4 2 2 .9 2 2 .3 2 2 .8 2 1 .2 2 3 .2 2 2 .2 2 1 .6 1 9 .6 1 8 .9 1 9 .6 1 8 .1 .............................................................. 1 6 .4 1 5 .9 1 7 .6 1 6 .6 1 7 .0 1 7 .3 1 5 .9 1 5 .8 1 5 .7 1 5 .0 1 4 .7 1 3 .8 1 3 .3 1 3 .1 1 2 .1 2 5 y e a r s a n d o v e r .............................................................. 7 .5 7 .8 8 .5 8 .4 8 .4 8 .2 7 .9 7 .6 7 .5 7 .5 7 .0 6 .8 6 .5 6 .2 6 .1 2 5 t o 5 4 y e a r s ......................................................... 8 .0 8 .2 9 .0 9 .0 8 .9 8 .8 8 .4 8 .1 8 .0 8 .0 7 .4 7 .1 6 .7 6 .6 6 .4 5 5 y e a rs a n d o v e r 5 .1 5 .6 5 .8 5 .8 6 .1 5 .8 5 .5 5 .5 5 .4 5 .6 5 .4 5 .4 5 .4 4 .8 4 .5 1 6 to 19 y e a rs 2 0 to 2 4 y e a rs ................................................ W o m e n , 1 6 y e a r s a n d o v e r ............................................ 9 .4 9 .2 9 .9 9 .9 9 .6 9 .5 9 .8 9 .0 9 .1 8 .8 8 .5 8 .2 8 .3 8 .1 7 .8 8 .1 7 .9 7 .8 1 6 .2 1 5 .8 1 6 .7 1 6 .8 1 6 .6 1 6 .3 1 6 .4 1 5 .0 1 5 .7 1 5 .2 1 5 .1 1 4 .7 1 4 .0 1 3 .9 1 3 .7 .............................................................. 2 1 .9 2 1 .3 2 1 .3 2 1 .9 2 2 .3 2 2 .0 2 3 .1 2 1 .5 2 1 .1 2 0 .6 2 0 .5 2 0 .1 1 9 .8 1 8 .0 1 8 .9 1 6 t o 1 7 y e a r s ......................................................... 2 3 .2 2 3 .7 2 3 .6 2 4 .4 2 4 .7 2 4 .4 2 5 .2 2 2 .6 2 3 .4 2 4 .0 2 3 .6 2 1 .8 2 2 .5 2 2 .2 2 2 .6 1 8 t o 1 9 y e a r s ......................................................... 2 1 .0 1 9 .9 1 9 .9 2 0 .6 2 0 .7 2 0 .2 2 1 .7 2 0 .5 1 9 .9 1 8 .5 1 8 .8 1 9 .0 1 8 .7 1 5 .4 16 9 .............................................................. 1 3 .2 1 2 .9 1 4 .3 1 4 .1 1 3 .6 1 3 .4 1 2 .9 1 1 .7 1 2 .8 1 2 .5 1 2 .3 1 2 .0 1 1 .0 1 1 .7 1 1 .0 2 5 y e a r s a n d o v e r .............................................................. 7 .3 7 .2 7 .8 7 .7 7 .5 7 .5 7 .8 7 .1 7 .0 6 .9 6 .5 6 .2 6 .3 6 .2 6 .1 1 6 t o 2 4 y e a r s ....................................................................... 1 6 to 1 9 y e a rs 2 0 to 2 4 y e a rs 2 5 to 5 4 y e a rs ......................................................... 5 5 y e a rs a n d o v e r 7. 9 .7 1983 ................................................ 7 .7 7 .7 8 .3 8 .3 8 .0 8 .1 8 .1 7 .6 7 .5 7 .3 7 .0 6 .6 6 .8 6 .5 6 .5 4 .8 4 .7 4 .9 4 .8 4 .6 4 .7 5 .5 5 .1 4 .7 4 .5 4 .4 4 .1 4 .3 4 .5 4 .0 S e p t. O c t. Nov. Dec Jan. Feb. 4 ,7 3 7 Unemployed persons by reason for unemployment, seasonally adjusted [Numbers in thousands] A n n u al av e ra g e 1983 1984 R e a s o n f o r u n e m p lo y m e n t J o b lo s e r s ................................................................................................. O n a y o ff ........................................................................................ 1982 1983 Feb. M a r. A p r. M ay June J u ly Aug. 6 ,2 5 8 6 ,2 5 8 6 ,8 6 4 6 ,8 4 8 6 ,7 6 7 6 ,7 5 3 6 ,5 2 5 6 ,2 3 5 6 ,1 3 3 5 ,9 3 8 5 ,6 0 1 5 ,2 2 6 5 ,0 1 7 4 ,8 2 5 2 ,1 2 7 1 ,7 8 0 2 ,0 8 4 2 ,0 0 5 1 ,9 7 9 1 ,9 5 8 1 ,8 4 1 1 ,7 3 5 1 ,6 6 0 1 ,5 6 2 1 ,3 9 2 1 ,3 2 1 1 ,2 8 3 1 ,2 3 8 1 ,2 7 2 3 ,9 0 5 3 ,7 3 4 3 ,5 8 8 3 ,4 6 5 ....................................................................... 4 ,1 4 1 4 ,4 7 8 4 ,7 8 0 4 ,8 4 3 4 ,7 8 8 4 ,7 9 5 4 ,6 8 4 4 ,5 0 0 4 ,4 7 3 4 ,3 7 6 4 ,2 0 9 J o b l e a v e r s ................................................................................................. 840 830 830 888 816 808 799 752 799 858 866 868 855 809 772 R e e n t r a n t s ................................................................................................. 2 ,3 8 4 2 .4 1 2 2 ,5 0 5 2 ,4 6 0 2 ,4 9 1 2 ,4 0 4 2 ,4 3 6 2 ,4 1 5 2 ,4 7 9 2 ,3 6 2 2 ,3 2 2 2 ,2 5 0 2 ,2 4 6 2 ,1 9 2 2 ,1 5 3 N e w e n t r a n t s ............................................................................................. 1 ,1 8 5 1 ,2 1 6 1 ,1 8 8 1 ,1 8 2 1 ,2 5 1 1 ,2 4 6 1 ,4 1 2 1 ,2 2 9 1 ,2 1 4 1 ,2 3 4 1 ,1 2 7 1 ,1 5 4 1 ,1 5 0 1 ,1 7 5 1 ,0 9 2 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 5 8 .7 5 8 .4 6 0 .3 6 0 .2 5 9 .8 6 0 .2 5 8 .4 58 6 5 7 .7 5 7 .1 5 6 .5 5 5 .0 5 4 .1 5 3 .6 1 9 .9 1 6 .6 1 8 .3 1 7 .6 1 7 .5 1 7 .5 1 6 .5 1 6 .3 1 5 .6 1 5 .0 1 4 .0 1 3 .9 1 3 .8 1 3 .7 1 4 .5 3 8 .8 4 1 .8 4 2 .0 4 2 .6 4 2 .3 4 2 .8 4 1 ,9 4 2 .3 4 2 .1 4 2 .1 4 2 .4 4 1 .1 4 0 .3 3 9 .9 3 9 .6 O t h e r jo b lo s e r s P E R C E N T D IS T R IB U T IO N T o ta l u n e m p l o y e d ............................................................................... J o b lo s e r s ................................................................................................. O n la y o f f ........................................................................................ O t h e r jo b lo s e r s ....................................................................... J o b l e a v e r s ................................................................................................. 5 4 .1 7 .9 7 .7 7 .3 7 .8 7 .2 7 .2 7 .2 7 .1 7 .5 8 .3 8 .7 9 .1 9 .2 9 .0 8 .8 R e e n t r a n t s ................................................................................................. 2 2 .3 2 2 .5 2 2 .0 2 1 .6 2 2 .0 2 1 .4 2 1 .8 2 2 .7 2 3 .3 2 2 .7 2 3 .4 2 3 .7 2 4 .2 2 4 .4 2 4 .6 N e w e n t r a n t s ............................................................................................. 1 1 .1 1 1 .3 1 0 .4 1 0 .4 1 1 .0 1 1 .1 1 2 .6 1 1 .6 1 1 .4 1 1 .9 1 1 .4 1 2 .1 1 2 .4 1 3 .1 1 2 .5 5 .7 5 .6 6 .2 6 .2 6 .1 5 .6 5 .5 4 .3 4 .2 PERCENT OF C IV IL IA N J o b lo s e r s LAB O R FO RC E ................................................................................................. 6 .1 5 .8 5 .3 5 .0 4 .7 4 .5 J o b l e a v e r s ................................................................................................. 8 .7 .7 .8 .7 .7 .7 .7 .7 .8 .8 .8 .8 .7 R e e n t r a n t s ................................................................................................. 2 .2 2 .2 2 .3 2 .2 2 .2 2 .2 2 .2 2 .2 2 .2 2 .1 2 .1 2 .0 2 .0 2 .0 1 .9 N e w e n t r a n t s ............................................................................................. 1 .1 1.1 1 .1 1 .1 1 .1 1 .1 1 .3 1 .1 1 .1 1 .1 1 .0 1 .0 1 .0 1 .0 1 .0 Dec. Jan. Feb. 8. .7 Duration of unemployment, seasonally adjusted [ N u m b e r s in t h o u s a n d s ] A n n u al av e ra g e 1983 1984 W e e k s o l u n e m p lo y m e n t 1982 1983 Feb. M ar. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. L e s s t h a n 5 w e e k s ................................................................................ 3 ,8 8 3 3 ,5 7 0 3 ,7 3 2 3 ,5 3 5 3 ,5 9 5 3 ,5 6 8 3 ,6 3 0 3 ,5 2 9 3 ,6 3 3 3 ,7 4 0 3 ,5 0 4 3 ,3 2 8 3 ,3 8 2 3 ,2 3 3 3 ,3 5 9 5 t o 1 4 w e e k s ........................................................................................ 3 ,3 1 1 2 ,9 3 7 3 ,1 6 9 3 ,1 7 3 3 ,1 3 9 3 ,0 1 2 2 ,9 5 0 2 ,8 4 1 2 ,9 5 1 2 ,7 8 4 2 ,7 2 5 2 ,6 1 6 2 ,5 0 4 2 ,5 5 6 2 ,4 8 4 15 w eeks and o ver ........................................................................... 3 ,4 8 5 4 ,2 1 0 4 ,6 1 3 4 ,5 8 7 4 ,3 9 6 4 ,5 1 0 4 ,4 8 6 4 ,3 9 8 4 ,0 7 8 3 ,8 8 9 3 ,6 5 5 3 ,5 2 7 3 ,3 6 9 3 ,2 0 1 2 ,9 8 4 1 5 t o 2 6 w e e k s ........................................................................... 1 ,7 0 8 1 ,6 5 2 1 ,9 2 8 1 ,8 6 1 1 ,6 9 1 1 ,7 7 4 1 ,5 9 3 1 ,7 9 4 1 ,5 9 7 1 ,3 8 3 1 ,3 7 2 1 ,3 3 7 1 ,2 8 4 1 ,1 6 6 1 ,1 7 3 2 7 w e e k s a n d o v e r .................................................................. 1 ,7 7 6 2 ,5 5 9 2 ,6 8 5 2 ,7 2 6 2 ,7 0 5 2 ,7 3 6 2 ,8 9 3 2 ,6 0 4 2 ,4 8 1 2 ,5 0 6 2 ,2 8 3 2 ,1 9 0 2 ,0 8 5 2 ,0 3 5 1 ,8 1 0 M e a n d u r a tio n In w e e k s .................................................................. 1 5 .6 2 0 .0 1 9 .1 1 9 .2 1 9 .2 2 0 .2 2 1 .4 2 1 .3 1 9 .9 2 0 .2 2 0 .1 2 0 .2 1 9 .6 2 0 .5 1 8 .8 M e d ia n d u r a tio n in w e e k s .............................................................. 8 .7 1 0 .1 9 .8 1 0 .4 1 0 .8 1 1 .9 1 0 .8 1 0 .1 9 .4 9 .4 9 .5 9 .4 9 .0 9 .2 8 .3 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 63 EMPLOYMENT, HOURS, AND EARNINGS DATA FROM ESTABLISHMENT SURVEYS E mployment, hours, and earnings data in this section are com piled from payroll records reported monthly on a voluntary basis to the Bureau of Labor Statistics and its cooperating State agencies by 189,000 establishments representing all industries except ag riculture. In most industries, the sampling probabilities are based on the size of the establishment; most large establishments are therefore in the sample. (An establishment is not necessarily a firm; it may be a branch plant, for example, or warehouse.) Selfemployed persons and others not on a regular civilian payroll are outside the scope of the survey because they are excluded from establishment records. This largely accounts for the difference in employment figures between the household and establishment sur veys. Definitions Employed persons are all persons who received pay (including holiday and sick pay) for any part of the payroll period including the 12th of the month. Persons holding more than one job (about 5 percent of all persons in the labor force) are counted in each establishment which reports them. Production workers in manufacturing include blue-collar worker su pervisors and all nonsupervisory workers closely associated with produc tion operations. Those workers mentioned in tables 12-16 include production workers in manufacturing and mining; construction workers in construc tion; and nonsupervisory workers in transportation and public utilities; in wholesale and retail trade; in finance, insurance, and real estate; and in services industries. These groups account for about four-fifths of the total employment on private nonagricultural payrolls. Earnings are the payments production or nonsupervisory workers re ceive during the survey period, including premium pay for overtime or late-shift work but excluding irregular bonuses and other special payments. Real earnings are earnings adjusted to reflect the effects of changes in consumer prices. The deflator for this series is derived from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The Hourly Earnings Index is calculated from average hourly earnings data adjusted to exclude the effects of two types of changes that are unrelated to underlying wage-rate developments: fluctuations in overtime premiums 64 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in manufacturing (the only sector for which overtime data are available) and the effects of changes and seasonal factors in the proportion of workers in high-wage and low-wage industries. Hours represent the average weekly hours of production or nonsuper visory workers for which pay was received and are different from standard or scheduled hours. Overtime hours represent the portion of gross average weekly hours which were in excess of regular hours and for which overtime premiums were paid. The Diffusion Index, introduced in table 17 of the May 1983 issue, represents the percent of 186 nonagricultural industries in which employ ment was rising over the indicated period. One-half of the industries with unchanged employment are counted as rising. In line with Bureau practice, data for the 3-, 6-, and 9-month spans are seasonally adjusted, while that for the 12-month span is unadjusted. The diffusion index is useful for measuring the dispersion of economic gains or losses and is also an eco nomic indicator. Notes on the data Establishment data collected by the Bureau of Labor Statistics are pe riodically adjusted to com prehensive counts o f em ploym ent (called “ benchmarks” ). The latest complete adjustment was made with the release of May 1983 data, published in the July 1983 issue of the R e v i e w . Con sequently, data published in the R e v i e w prior to that issue are not necessarily comparable to current data. Unadjusted data have been revised back to April 1981; seasonally adjusted data have been revised back to January 1978. Unadjusted data from April 1982 forward, and seasonally adjusted data from January 1979 forward are subject to revision in future bench marks. Earlier comparable unadjusted and seasonally adjusted data are published in a S u p p l e m e n t to E m p l o y m e n t a n d E a r n i n g s (unadjusted data from April 1977 through February 1983 and seasonally adjusted data from January 1974 through February 1983) and in E m p l o y m e n t a n d E a r n i n g s , U n i t e d S t a t e s , 1 9 0 9 —7 8 , BLS Bulletin 1312-11 (for prior periods). A comprehensive discussion of the differences between household and establishment data on employment appears in Gloria P. Green, “ Com paring employment estimates from household and payroll surveys,” M o n th ly L a b o r R e v i e w , December 1969, pp. 9 -2 0 . See also B L S H a n d b o o k o f M e t h o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982). 9. Employment by industry, selected years, 1950-83 [Nonagricultural payroll data, in thousands] G o o d s - p r o d u c in g S e r v ic e -p r o d u c in g T ra n s p o r- G o v e rn m e n t F in a n c e , P riv a te Year W h o le s a le a n d r e ta il tra d e ta tio n T o ta l s e c to r T o ta l C o n s tru c M a n u fa c tio n tu rin g M in in g T o ta l in s u r a n c e , W h o le and R e t a il T o ta l p u b lic s a le tra d e tra d e u t ilitie s S e r v ic e s and real S ta te an d T o ta l F e d e ra l lo c a l e s ta te 1950 ................................................. 4 5 ,1 9 7 3 9 ,1 7 0 1 8 ,5 0 6 901 2 ,3 6 4 1 5 ,2 4 1 2 6 ,6 9 1 4 ,0 3 4 2 ,6 3 5 6 ,7 5 1 1 ,8 8 8 5 ,3 5 7 6 ,0 2 6 1955 ................................................. 5 0 ,6 4 1 4 3 ,7 2 7 2 0 ,5 1 3 792 2 ,8 3 9 1 6 ,8 8 2 3 0 ,1 2 8 4 ,1 4 1 1 0 ,5 3 5 2 ,9 2 6 7 ,6 1 0 2 ,2 9 8 6 ,2 4 0 6 ,9 1 4 2 ,1 8 7 4 ,7 2 7 ............................................. 5 4 ,1 8 9 4 5 ,8 3 6 2 0 ,4 3 4 712 2 ,9 2 6 1 6 ,7 9 6 3 3 ,7 5 5 4 ,0 0 4 1 1 ,3 9 1 3 ,1 4 3 8 ,2 4 8 2 ,6 2 9 7 ,3 7 8 8 ,3 5 3 2 ,2 7 0 6 ,0 8 3 1964 ................................................. 5 8 ,2 8 3 4 8 ,6 8 6 2 1 ,0 0 5 634 3 ,0 9 7 1 7 ,2 7 4 3 7 ,2 7 8 3 ,9 5 1 1 2 ,1 6 0 3 ,3 3 7 8 ,8 2 3 2 ,9 1 1 8 ,6 6 0 9 ,5 9 6 2 ,3 4 8 7 ,2 4 8 1965 ................................................. 6 0 ,7 6 5 5 0 ,5 8 9 2 1 ,9 2 6 632 3 ,2 3 2 1 8 ,0 6 2 3 8 ,8 3 9 4 ,0 3 6 1 2 ,7 1 6 3 ,4 6 6 9 ,2 5 0 2 ,9 7 7 9 ,0 3 6 1 0 ,0 7 4 2 ,3 7 8 7 ,6 9 6 1966 ................................................. 6 3 ,9 0 1 5 3 ,1 1 6 2 3 ,1 5 8 627 3 ,3 1 7 1 9 ,2 1 4 4 0 ,7 4 3 4 ,1 5 8 1 3 ,2 4 5 3 ,5 9 7 9 ,6 4 8 3 ,0 5 8 9 ,4 9 8 1 0 ,7 8 4 2 ,5 6 4 8 ,2 2 0 613 3 ,2 4 8 1 9 ,4 4 7 4 2 ,4 9 5 4 ,2 6 8 1 3 ,6 0 6 3 ,6 8 9 8 ,6 7 2 I9 6 0 1 9 ,3 8 6 4 ,0 9 8 1967 ................................................. 6 5 ,8 0 3 5 4 ,4 1 3 2 3 ,3 0 8 3 ,1 8 5 1 0 ,0 4 5 1 1 ,3 9 1 2 ,7 1 9 1968 ................................................. 6 7 ,8 9 7 5 6 ,0 5 8 2 3 ,7 3 7 606 3 ,3 5 0 1 9 ,7 8 1 4 4 ,1 6 0 4 ,3 1 8 1 4 ,0 9 9 3 ,7 7 9 1 0 ,3 2 0 3 ,3 3 7 1 0 ,5 6 7 1 1 ,8 3 9 2 ,7 3 7 1969 ................................................. 7 0 ,3 8 4 5 8 ,1 8 9 2 4 ,3 6 1 619 3 ,5 7 5 2 0 ,1 6 7 4 6 ,0 2 3 4 ,4 4 2 1 4 ,7 0 6 3 ,9 0 7 1 0 ,7 9 8 3 ,5 1 2 1 1 ,1 6 9 1 2 ,1 9 5 2 ,7 5 8 9 ,4 3 7 1970 ................................................. 7 0 ,8 8 0 5 8 ,3 2 5 2 3 ,5 7 8 623 3 ,5 8 8 1 9 ,3 6 7 4 7 ,3 0 2 4 ,5 1 5 1 5 ,0 4 0 3 ,9 9 3 1 1 ,0 4 7 3 ,6 4 5 1 1 ,5 4 8 1 2 ,5 5 4 2 ,7 3 1 9 ,8 2 3 5 8 ,3 3 1 2 2 ,9 3 5 1 2 ,8 8 1 2 ,6 9 6 1 0 ,1 8 5 1 9 7 1 ................................................. 7 1 ,2 1 4 609 3 ,7 0 4 1 8 ,6 2 3 4 8 ,2 7 8 1 5 ,3 5 2 4 ,4 7 6 4 ,0 0 1 9 ,9 1 7 1 ,9 2 8 1 1 ,3 5 1 3 ,7 7 2 1 1 ,7 9 7 9 ,1 0 2 1972 ................................................. 7 3 ,6 7 5 6 0 ,3 4 1 2 3 ,6 6 8 628 3 ,8 8 9 1 9 ,1 5 1 5 0 ,0 0 7 4 ,5 4 1 1 5 ,9 4 9 4 ,1 1 3 1 1 ,8 3 6 3 ,9 0 8 1 2 ,2 7 6 1 3 ,3 3 4 2 ,6 8 4 1 0 ,6 4 9 1973 ................................................. 7 6 ,7 9 0 6 3 ,0 5 8 2 4 ,8 9 3 642 4 ,0 9 7 2 0 ,1 5 4 5 1 ,8 9 7 4 ,6 5 6 1 6 ,6 0 7 4 ,2 7 7 1 2 ,3 2 9 4 ,0 4 5 1 2 ,8 5 7 1 3 ,7 3 2 2 ,6 6 3 1 1 ,0 6 8 1974 ................................................. 7 8 ,2 6 5 6 4 ,0 9 5 2 4 ,7 9 4 697 4 ,0 2 0 2 0 ,0 7 7 5 3 ,4 7 1 4 ,7 2 5 1 6 ,9 8 7 4 ,4 3 3 1 2 ,5 5 4 4 ,1 4 8 1 3 ,4 4 1 1 4 ,1 7 0 2 ,7 2 4 1 1 ,4 4 6 1975 ................................................. 7 6 ,9 4 5 6 2 ,2 5 9 2 2 ,6 0 0 752 3 ,5 2 5 1 8 ,3 2 3 5 4 ,3 4 5 4 ,5 4 2 1 7 ,0 6 0 4 ,4 1 5 1 2 ,6 4 5 4 ,1 6 5 1 3 ,8 9 2 1 4 ,6 8 6 2 ,7 4 8 1 1 ,9 3 7 1976 ................................................. 7 9 ,3 8 2 6 4 ,5 1 1 2 3 ,3 5 2 779 3 ,5 7 6 1 8 ,9 9 7 5 6 ,0 3 0 4 ,5 8 2 1 7 ,7 5 5 4 ,5 4 6 1 3 ,2 0 9 4 ,2 7 1 1 4 ,5 5 1 1 4 ,8 7 1 2 ,7 3 3 1 2 ,1 3 8 1977 ................................................. 8 2 ,4 7 1 6 7 ,3 4 4 2 4 ,3 4 6 813 3 ,8 5 1 1 9 ,5 8 2 5 8 ,1 2 5 4 ,7 1 3 1 8 ,5 1 6 4 ,7 0 8 1 3 ,8 0 8 4 ,4 6 7 1 5 ,3 0 3 1 5 ,1 2 7 2 ,7 2 7 1 2 ,3 9 9 1978 ................................................. 8 6 ,6 9 7 7 1 ,0 2 6 2 5 ,5 8 5 851 4 ,2 2 9 2 0 ,5 0 5 6 1 ,1 1 3 4 ,9 2 3 1 9 ,5 4 2 4 ,9 6 9 1 4 ,5 7 3 4 ,7 2 4 1 6 ,2 5 2 1 5 ,6 7 2 2 ,7 5 3 1 2 ,9 1 9 1979 ................................................. 8 9 ,8 2 3 7 3 ,8 7 6 2 6 ,4 6 1 958 4 ,4 6 3 2 1 ,0 4 0 6 3 ,3 6 3 5 ,1 3 6 2 0 ,1 9 2 5 ,2 0 4 1 4 ,9 8 9 4 ,9 7 5 1 7 ,1 1 2 1 5 ,9 4 7 2 ,7 7 3 1 3 ,1 4 7 1980 ................................................. 9 0 ,4 0 6 7 4 ,1 6 6 2 5 ,6 5 8 1 ,0 2 7 4 ,3 4 6 2 0 ,2 8 5 6 4 ,7 4 8 5 ,1 4 6 2 0 ,3 1 0 5 ,2 7 5 1 5 ,0 3 5 5 ,1 8 0 1 7 ,8 9 0 1 6 ,2 4 1 2 ,8 6 6 1 3 ,3 7 5 5 ,2 9 8 1 8 ,6 1 9 1 6 ,0 3 1 1 9 8 1 ................................................. 9 1 ,1 5 6 7 5 ,1 2 6 2 5 ,4 9 7 1 ,1 3 9 4 ,1 8 8 2 0 ,1 7 0 6 5 ,6 5 9 5 ,1 6 5 2 0 ,5 4 7 5 ,3 5 8 1 5 ,1 8 9 2 ,7 7 2 1 3 ,2 5 9 1982 ................................................. 8 9 ,5 9 6 7 3 ,7 9 3 2 3 ,9 0 7 1 ,1 4 3 3 ,9 1 1 1 8 ,8 5 3 6 5 ,6 8 9 5 ,0 8 1 2 0 ,4 0 1 5 ,2 8 0 1 5 ,1 2 2 5 ,3 4 0 1 9 ,0 6 4 1 5 ,8 0 3 2 ,7 3 9 1 3 ,0 6 4 1983 ................................................. 8 9 ,9 7 8 7 4 ,2 3 4 2 3 ,6 4 6 1 ,0 2 1 3 ,9 4 7 1 8 ,6 7 8 6 6 ,3 3 2 4 ,9 4 1 2 0 ,5 1 3 5 ,2 3 2 1 5 ,2 8 1 5 ,4 5 4 1 9 ,6 8 0 1 5 ,7 4 4 2 ,7 5 2 1 2 ,9 9 2 1 D a ta In c lu d e A la s k a a n d H a w a ii b e g in n in g in 1 9 5 9 . 10. Employment by State [Nonagricultural payroll data, In thousands] S t a te J a n u a ry 1 983 D ecem ber 1983 J a n u a ry 1984P S ta te A l a b a m a .................................................................................... 1 ,2 8 2 ,9 1 ,3 3 8 .8 1 ,3 2 4 .4 M o n t a n a ................................................................................... 1 8 9 .5 206 2 198 7 A r iz o n a .................................................................................... 1 ,0 2 7 .4 1 ,0 9 9 .4 N evada ................................................................................... D ecem ber 1983 J a n u a ry 1984P 2 6 4 .8 2 7 3 .3 2 6 8 .3 5 9 3 .3 617 4 605 7 3 8 5 .3 4 1 6 .6 4 1 2 .2 A rk a n s a s ............................................................................... 7 0 7 .6 7 6 0 .4 7 5 0 .9 N e w H a m p s h i r e .................................................................. 3 8 5 .5 4 1 9 .4 4 1 2 .0 C a lif o r n ia ............................................................................... 9 ,7 0 6 .8 1 0 ,1 8 3 .4 1 0 ,0 7 8 .7 N e w J e r s e y ........................................................................... 3 ,0 3 7 .5 3 ,2 1 6 .4 (1> 1 292 8 1 ,3 5 1 8 1 ,3 2 7 0 4 6 3 .5 485 3 479 2 1 ,4 0 3 .7 1 ,4 8 4 .6 1 ,4 4 6 .7 7 ,1 0 9 .5 7 ,4 4 0 7 7 269 1 256 5 270 8 263 9 2 327 4 2 475 8 C o n n e c t i c u t ........................................................................... D i s t r ic t o f C o lu m b ia ..................................................... 1 ,1 1 5 .5 J a n u a ry 1 9 8 3 2 438 3 5 8 5 .8 5 9 8 .5 5 8 9 .1 N o r th D a k o t a ...................................................................... 2 4 1 .0 2 5 2 .3 2 4 4 .8 F l o r i d a .................................................................. 3 ,7 8 8 .7 4 ,0 5 6 .4 4 ,0 5 0 .9 O h i o ............................................................................................ 3 ,9 6 4 .2 4 , 1 7 6 .2 4 ,0 8 2 .8 G e o r g ia 2 192 3 2 341 3 2 308 8 ......................................................... 1 167 6 1 181 0 1 167 1 H a w a i i ............................................ 399 8 406 1 402 1 929 7 976 4 966 2 Id a h o ......................................................... 3 0 2 .2 3 2 4 .1 3 1 6 .2 P e n n s y lv a n ia ...................................................................... 4 ,4 0 7 .0 4 ,5 9 6 .5 4 ,4 9 2 .4 I l l i n o i s ......................................................... 4 ,4 2 9 .1 4 ,5 4 1 .6 4 ,4 4 8 .2 R h o d e Is la n d ...................................................................... 3 7 9 .7 4 0 0 ,5 3 9 4 .1 1 ,9 5 3 .3 2 ,0 3 7 .7 2 ,0 0 1 .8 S o u t h C a r o lin a .................................................................. 1 ,1 3 8 .9 1 ,2 1 4 .2 1 ,1 9 3 .6 I o w a .................................................................. 9 9 6 .8 K ansas In d ia n a ................................................ 1 ,0 3 1 .4 1 ,0 1 2 .7 S o u t h D a k o t a ...................................................................... 2 2 3 .2 2 3 4 .3 2 2 9 .7 8 9 5 .5 9 2 8 .6 9 1 6 .2 T e n n e s s e e ............................................................................... 1 ,6 6 0 .7 1 ,7 6 6 .6 1 ,7 4 6 .8 K e n tu c k y ............................................................................... 1 , 1 3 1 .1 1 ,1 8 6 .4 1 ,1 5 9 .0 Texas ........................................................................................ 6 ,1 1 5 .7 6 ,2 8 1 .9 6 ,2 2 3 .7 L o u is ia n a ............................................................................... 1 ,5 5 0 .8 1 ,5 8 0 .7 1 ,5 6 0 .3 U t a h ........................................................................................... 5 5 1 .1 5 8 6 .7 5 7 7 .3 M a n e ........................................................................................ 4 0 1 .3 4 2 4 .6 4 0 8 .8 V e r m o n t ................................................................................... 1 9 9 .1 2 0 9 .1 2 0 3 .5 ........................................................................... M a r y la n d ............................................................................... 1 ,6 5 4 .5 1 ,7 3 3 .4 1 ,6 8 9 .3 V ir g in ia ................................................................................... 2 , 1 2 1 .8 2 ,2 5 1 .5 2 ,2 1 3 .5 .................................................................. 2 ,5 7 6 .1 2 ,7 4 1 ,6 2 ,6 5 1 .2 W a s h i n g t o n .......................................................................... 1 ,5 2 6 .0 1 ,6 0 1 .4 1 , 5 7 0 .4 M ic h ig a n ............................................................................... 3 ,0 9 8 .3 3 ,2 7 3 .9 3 ,2 1 6 .6 W e s t V i r g i n i a ...................................................................... 5 6 9 .7 5 9 1 .9 5 8 0 .9 M i n n e s o ta ............................................................................... 1 ,6 5 1 .2 1 , 7 5 7 .1 1 ,7 1 7 .6 W i s c o n s i n ............................................................................... ........................................................................... 7 6 9 .6 8 0 5 .1 7 9 3 .0 M i s s o u r i .................................................................................... 1 ,8 7 1 .6 1 ,9 4 0 .9 1 , 9 0 3 .1 M a s s a c h u s e t ts M is s is s ip p i 1 D a ta n o t a v a ila b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 , 7 9 8 .1 1 ,8 8 9 .9 1 ,8 4 5 .5 ............................................................................... 2 0 0 .7 2 0 2 .4 1 9 6 .4 V ir g in I s l a n d s ...................................................................... 3 5 .9 3 5 .4 3 4 .9 W y o m in g p = p r e lim in a r y . 65 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Establishment Data 11. Employment by industry division and major manufacturing group, seasonally adjusted [Nonagricultural payroll data, in thousands] 1983 A n n u al av e ra g e 1984 In d u s t r y d iv is io n a n d g r o u p 1982 TOTAL P R IV A T E S E C T O R G O O D S -P R O D U C IN G M in in g ......................................................................................................................... C o n s tr u c tio n ......................................................................................................... M a n u fa c tu r in g P r o d u c tio n w o r k e r s .............................................................. D u ra b le g o o d s P r o d u c tio n w o r k e r s .............................................................. 1983 Feb. M ar. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. Dec. J a n .P F e b .P 8 9 ,5 9 6 8 9 ,9 7 8 8 8 ,7 4 6 8 8 ,8 1 4 8 9 ,1 0 1 8 9 ,4 2 1 8 9 ,8 4 4 9 0 ,1 5 2 8 9 ,7 3 5 9 0 ,8 5 1 9 1 ,0 8 7 9 1 ,3 5 5 9 1 ,5 9 9 9 1 ,8 6 3 9 2 ,2 4 9 7 3 ,7 9 3 7 4 ,2 3 4 7 3 ,0 0 4 7 3 ,0 9 0 7 3 ,3 7 7 7 3 ,6 7 7 7 4 ,1 2 3 7 4 ,4 7 2 7 4 ,0 7 4 7 4 ,9 9 0 7 5 ,3 1 2 7 5 ,5 7 9 7 5 ,8 2 9 7 6 ,1 4 8 7 6 ,5 2 2 2 3 ,9 0 7 2 3 ,6 4 6 2 3 ,0 4 9 2 3 ,0 3 0 2 3 ,1 5 9 2 3 ,3 4 7 2 3 ,5 1 8 2 3 ,7 2 4 2 3 ,8 3 0 2 3 ,9 3 5 2 4 ,1 6 8 2 4 ,3 1 1 2 4 ,4 1 5 2 4 ,6 1 1 2 4 ,7 6 0 1 ,1 4 3 1 ,0 2 1 1 ,0 1 4 1 ,0 0 6 997 994 1 ,0 0 3 1 ,0 1 7 1 ,0 2 3 1 ,0 2 6 1 ,0 4 4 1 ,0 4 5 1 ,0 4 7 1 ,0 5 0 1 ,0 5 3 3 ,9 1 1 3 ,9 4 7 3 ,7 9 0 3 ,7 5 7 3 ,7 8 6 3 ,8 6 0 3 ,9 3 3 3 ,9 7 4 4 ,0 1 4 4 ,0 3 8 4 ,0 6 0 4 ,0 9 4 4 ,0 8 8 4 ,1 7 6 4 ,2 1 2 1 8 ,8 5 3 1 8 ,6 7 8 1 8 ,2 4 5 1 8 ,2 6 7 1 8 ,3 7 6 1 8 ,4 9 3 1 8 ,5 8 2 1 8 ,7 3 3 1 8 ,7 9 3 1 8 ,8 7 1 1 9 ,0 6 4 1 9 ,1 7 2 1 9 ,2 8 0 1 9 ,3 8 5 1 9 ,4 9 5 1 2 ,7 9 0 1 2 ,6 9 6 1 2 ,3 0 3 1 2 ,3 2 3 1 2 ,4 3 5 1 2 ,5 3 1 1 2 ,6 1 5 1 2 ,7 5 6 1 2 ,8 0 3 1 2 ,8 5 9 1 3 ,0 4 3 1 3 ,1 4 7 1 3 ,2 3 0 1 3 ,3 2 1 1 3 ,4 1 8 1 1 ,1 0 0 1 0 ,9 3 2 1 0 ,6 0 8 1 0 ,6 1 7 1 0 ,6 8 9 1 0 ,7 8 8 1 0 ,8 4 4 1 0 ,9 6 1 1 1 ,0 2 2 1 1 ,0 8 1 1 1 ,2 3 5 1 1 .3 2 0 1 1 ,4 0 6 1 1 ,4 7 4 1 1 ,5 7 5 7 ,3 5 0 7 ,2 4 6 6 ,9 4 9 6 ,9 6 1 7 ,0 3 5 7 ,1 1 5 7 ,1 6 9 7 ,2 7 8 7 ,3 2 9 7 ,3 7 8 7 ,5 2 2 7 ,6 0 1 7 ,6 6 5 7 ,7 2 6 7 ,8 1 3 ............................................ 603 677 631 638 651 662 679 688 699 703 712 714 715 714 F u r n it u r e a n d f i x t u r e s .............................................................. 433 451 427 433 440 446 450 459 457 459 465 470 473 476 481 S to n e , c la y , a n d g la s s p r o d u c t s ................................... 578 575 557 559 565 570 573 577 582 585 590 590 589 593 602 L u m b e r a n d w o o d p r o d u c ts 716 ..................................................... 922 839 810 816 820 828 830 839 840 849 867 871 881 872 879 F a b r ic a te d m e ta l p r o d u c t s ..................................................... 1 ,4 3 5 1 ,3 9 6 1 ,3 6 4 1 ,3 6 2 1 ,3 6 9 1 ,3 7 9 1 ,3 8 4 1 ,3 9 1 1 ,4 1 0 1 ,4 1 1 1 ,4 3 0 1 ,4 3 8 1 ,4 4 9 1 ,4 5 9 1 ,4 6 6 P r im a r y m e ta l in d u s t r ie s 2 ,2 6 7 2 ,0 8 8 2 ,0 4 2 2 ,0 3 0 2 ,0 3 1 2 ,0 6 4 2 ,0 6 6 2 ,0 9 4 2 ,1 0 9 2 ,1 1 5 2 ,1 3 1 2 ,1 5 8 2 ,1 7 2 2 ,1 8 8 2 ,2 0 2 ............................... 2 ,0 1 6 2 ,0 4 5 1 ,9 8 1 1 ,9 8 8 1 ,9 9 9 2 ,0 1 0 2 ,0 3 0 2 ,0 4 7 2 ,0 4 3 2 ,0 8 2 2 ,1 0 7 2 ,1 2 8 2 ,1 4 6 2 ,1 6 7 2 ,1 9 5 T r a n s p o r t a tio n e q u i p m e n t ..................................................... 1 ,7 4 4 1 ,7 8 5 1 ,7 2 9 1 ,7 2 3 1 ,7 4 3 1 ,7 5 7 1 ,7 6 2 1 ,7 9 4 1 ,8 0 7 1 ,8 0 1 1 ,8 4 8 1 ,8 6 2 1 ,8 8 7 1 ,9 0 6 1 ,9 2 9 M a c h in e r y , e x c e p t e le c t r ic a l ............................................ E le c tr ic a n d e le c t r o n ic e q u ip m e n t ............................... 716 694 693 691 690 689 687 687 692 696 699 701 701 706 709 M is c e lla n e o u s m a n u f a c t u r i n g ............................................ 386 382 374 377 381 383 383 385 383 380 386 388 393 393 396 I n s t r u m e n t s a n d r e la te d p r o d u c ts 7 ,7 5 3 7 ,7 4 7 7 ,6 3 7 7 ,6 5 0 7 ,6 8 7 7 ,7 0 5 7 ,7 3 8 7 ,7 7 2 7 ,7 7 1 7 ,7 9 0 7 ,8 2 9 7 ,8 5 2 7 ,8 7 4 7 ,9 1 1 7 ,9 2 0 .............................................................. 5 ,4 4 0 5 ,4 5 0 5 ,3 5 4 5 ,3 6 2 5 ,4 0 0 5 ,4 1 6 5 ,4 4 6 5 ,4 7 8 5 ,4 7 4 5 ,4 8 1 5 ,5 2 1 5 ,5 4 6 5 ,5 6 5 5 ,5 9 5 5 ,6 0 5 F o o d a n d k in d r e d p r o d u c t s ................................................ 1 ,6 3 8 1 ,6 3 0 1 ,6 2 0 1 ,6 1 9 1 ,6 3 3 1 ,6 3 2 1 ,6 4 3 1 ,6 3 8 1 ,6 2 7 1 ,6 3 0 1 ,6 2 8 1 ,6 3 3 1 ,6 3 2 1 ,6 4 2 1 ,6 3 5 65 62 63 64 61 62 62 N o n d u r a b le g o o d s P r o d u c tio n w o r k e r s T o b a c c o m a n u fa c t u r e s ......................................................... 68 65 67 67 66 66 65 T e x t ile m i ll p r o d u c t s .................................................................. 750 744 726 730 733 736 745 746 752 753 759 758 759 766 762 A p p a r e l a n d o t h e r t e x t ile p r o d u c t s ............................... 1 ,1 6 4 1 ,1 6 9 1 ,1 4 8 1 ,1 4 3 1 ,1 4 9 1 ,1 5 3 1 ,1 5 9 1 ,1 8 0 1 ,1 7 5 1 ,1 7 7 1 ,1 9 1 1 ,1 9 9 1 ,2 0 6 1 ,2 1 0 1 ,2 1 0 670 674 62 P a p e r a n d a llie d p r o d u c t s ..................................................... 662 659 652 652 654 656 657 658 659 662 665 666 670 P r in t in g a n d p u b l i s h i n g ......................................................... 1 ,2 6 9 1 ,2 8 3 1 ,2 6 5 1 ,2 6 9 1 ,2 7 4 1 ,2 7 6 1 ,2 8 1 1 ,2 8 4 1 ,2 8 9 1 ,2 9 0 1 ,2 9 7 1 ,3 0 1 1 ,3 0 3 1 ,3 0 9 1 ,3 1 3 C h e m ic a ls a n d a llie d p r o d u c t s ........................................ 1 ,0 7 9 1 ,0 5 9 1 ,0 5 6 1 ,0 5 6 1 ,0 5 8 1 ,0 5 8 1 ,0 5 6 1 ,0 5 9 1 ,0 5 6 1 ,0 6 0 1 .0 6 1 1 ,0 6 1 1 ,0 6 4 1 ,0 6 5 1 ,0 6 6 P e t r o le u m a n d c o a l p r o d u c t s ............................................ 201 196 199 199 199 198 198 197 195 195 193 193 192 192 192 753 762 769 777 787 . . 701 727 691 699 707 716 721 732 739 742 L e a th e r a n d le a t h e r p r o d u c t s ............................................ R u b b e r a n d m is c e lla n e o u s p la s t ic s p r o d u c ts 221 216 214 216 214 214 213 213 217 218 218 218 217 218 219 6 5 ,6 8 9 6 6 ,3 3 2 6 5 ,6 9 7 6 5 ,7 8 4 6 5 ,9 4 2 6 6 ,0 7 4 6 6 ,3 2 6 6 6 ,4 2 8 6 5 ,9 0 5 6 6 ,9 1 6 6 6 ,9 1 9 6 7 ,0 4 4 6 7 ,1 8 4 6 7 ,2 5 2 6 7 ,4 8 9 5 ,0 8 1 4 ,9 4 1 4 ,9 6 6 4 ,9 6 3 4 ,9 8 8 4 ,9 9 3 4 ,9 9 2 4 ,9 8 4 4 ,3 4 1 5 ,0 3 1 5 .0 1 9 5 ,0 1 9 5 ,0 1 5 5 ,0 4 2 5 ,0 4 3 2 0 ,4 0 1 2 0 ,5 1 3 2 0 ,3 4 3 2 0 ,3 5 0 2 0 ,3 2 9 2 0 ,3 5 6 2 0 ,4 9 4 2 0 ,5 2 9 2 0 ,5 8 0 2 0 ,6 1 2 2 0 .6 6 6 2 0 ,7 1 8 2 0 ,7 8 1 2 0 ,8 4 6 2 0 ,9 1 4 5 ,2 8 0 5 ,2 3 2 5 ,1 8 1 5 ,1 7 6 5 ,1 8 0 5 ,1 9 7 5 ,2 2 2 5 ,2 2 9 5 ,2 4 9 5 ,2 7 4 5 ,2 8 7 5 ,2 9 1 5 ,3 1 3 5 ,3 4 1 5 ,3 5 6 1 5 ,1 2 2 1 5 ,2 8 1 1 5 ,1 6 2 1 5 ,1 7 4 1 5 ,1 4 9 1 5 ,1 5 9 1 5 ,2 7 2 1 5 ,3 0 0 1 5 ,3 3 1 1 5 ,3 3 8 1 5 ,3 7 9 1 5 ,4 2 7 1 5 ,4 6 8 1 5 ,5 0 5 1 5 ,5 5 8 5 ,3 4 0 5 ,4 5 4 5 ,3 8 4 5 ,3 9 1 5 ,4 2 3 5 ,4 3 5 5 ,4 5 1 5 ,4 6 5 5 ,4 8 8 5 ,4 9 9 5 ,5 0 3 5 ,5 1 5 5 ,5 2 5 5 ,5 5 3 5 ,5 6 3 S E R V IC E - P R O D U C IN G T r a n s p o r t a tio n a n d p u b lic u t ilitie s W h o l e s a l e a n d r e t a i l t r a d e ............................................................... W h o le s a le tra d e R e ta il tra d e F in a n c e , in s u r a n c e , a n d r e a l e s t a t e S e r v ic e s 1 9 ,0 6 4 1 9 ,6 8 0 1 9 ,2 6 2 1 9 ,3 5 6 1 9 ,4 7 8 1 9 ,5 4 6 1 9 ,6 6 8 1 9 ,7 7 0 1 9 ,8 3 5 1 9 ,9 1 3 1 9 ,9 5 6 2 0 ,0 1 6 2 0 ,0 9 3 2 0 ,0 9 6 2 0 ,2 4 2 G o v ern m en t 1 5 ,8 0 3 1 5 ,7 4 4 1 5 ,7 4 2 1 5 ,7 2 4 1 5 ,7 2 4 1 5 ,7 4 4 1 5 ,7 2 1 1 5 ,6 8 0 1 5 ,6 6 1 1 5 ,8 6 1 1 5 ,7 7 5 1 5 ,7 7 6 1 5 ,7 7 0 1 5 ,7 1 5 1 5 ,7 2 7 F e d e r a l ................................................................................................. 2 ,7 3 9 2 ,7 5 2 2 ,7 4 2 2 ,7 4 2 2 ,7 4 9 2 ,7 5 6 2 ,7 4 2 2 ,7 3 8 2 ,7 3 3 2 ,7 7 3 2 ,7 6 4 2 ,7 6 3 2 ,7 6 8 2 ,7 6 3 2 ,7 6 0 S ta te a n d l o c a l ............................................................................... 1 3 ,0 6 4 1 2 ,9 9 2 1 3 ,0 0 0 1 2 ,9 8 2 1 2 ,9 7 5 1 2 ,9 8 8 1 2 ,9 7 9 1 2 ,9 4 2 1 2 ,9 2 8 1 3 ,0 8 3 1 3 ,0 1 1 1 3 ,0 1 3 1 3 ,0 0 2 1 2 ,9 5 2 1 2 ,9 6 7 p = p r e lim in a r y . 66 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N O T E : S e e “ N o te s o n t h e d a t a ” f o r a d e s c r ip tio n o f t h e m o s t r e c e n t b e n c h m a r k r e v is io n . 12. Hours and earnings, by industry division, selected years, 1950-83 [Gross averages, production or nonsupervisory workers on nonagricultural payrolls] Year A v erag e A v e ra g e A v e ra g e A v erag e A v e ra g e A v e ra g e A v erag e A v e ra g e A v e ra g e A v erag e A v e ra g e w e e k ly w e e k ly h o u r ly w e e k ly w e e k ly h o u r ly w e e k ly w e e k ly h o u r ly w e e k ly w e e k ly h o u r ly e a r n in g s h o u rs e a rn in g s e a r n in g s h o u rs e a rn in g s e a rn in g s h o u rs e a r n in g s e a r n in g s h o u rs e a rn in g s M in in g P riv a te s e c to r C o n s tr u c tio n A v e ra g e M a n u f a c t u r in g 1950 ............................... $ 5 3 .1 3 3 9 .8 $ 1 .3 4 $ 6 7 .1 6 3 7 .9 $ 1 .7 7 $ 6 9 .6 8 3 7 .4 1955 ............................... 6 7 .7 2 3 9 .6 1 .7 1 8 9 .5 4 4 0 .7 2 .2 0 9 0 .9 0 3 7 .1 2 .4 5 7 5 .3 0 4 0 .7 1 .8 5 .......................... 8 0 .6 7 3 8 .6 2 .0 9 1 0 5 .0 4 4 0 .4 2 .6 0 1 1 2 .5 7 3 6 .7 3 .0 7 8 9 .7 2 3 9 .7 2 .2 6 2 .5 3 I9 6 0 1 $ 1 .8 6 $ 5 8 .3 2 4 0 .5 $ 1 .4 4 1964 ............................... 9 1 .3 3 3 8 .7 2 .3 6 1 1 7 .7 4 4 1 .9 2 .8 1 1 3 2 .0 6 3 7 .2 3 .5 5 1 0 2 .9 7 4 0 .7 1965 ............................... 9 5 .4 5 3 8 .8 2 .4 6 1 2 3 .5 2 4 2 .3 2 .9 2 1 3 8 .3 8 3 7 .4 3 .7 0 1 0 7 .5 3 4 1 .2 2 .6 1 1966 ............................... 9 8 .8 2 38 6 2 .5 6 1 3 0 .2 4 4 2 .7 3 .0 5 1 4 6 .2 6 3 7 .6 3 .8 9 1 1 2 .1 9 4 1 .4 2 .7 1 1967 38 0 ............................... 1 0 1 .8 4 2 68 1 3 5 .8 9 4 2 .6 3 .1 9 1 5 4 .9 5 3 7 .7 4 .1 1 1 1 4 .4 9 1968 ............................... 1 0 7 .7 3 3 7 .8 2 .8 5 1 4 2 .7 1 4 2 .6 3 .3 5 1 6 4 .4 9 3 7 .3 4 .4 1 1 2 2 .5 1 4 0 .7 3 .0 1 1969 ............................... 1 1 4 .6 1 3 7 .7 3 .0 4 1 5 4 .8 0 4 3 .0 3 .6 0 1 8 1 .5 4 3 7 .9 4 .7 9 1 2 9 .5 1 4 0 .6 3 .1 9 1970 3 9 .8 3 .3 5 ............................... 1 1 9 .8 3 3 7 .1 3 .2 3 1 6 4 .4 0 4 2 .7 3 .8 5 1 9 5 .4 5 3 7 .3 5 .2 4 1 3 3 .3 3 1 9 7 1 ............................... 1 2 7 .3 1 3 6 .9 3 .4 5 1 7 2 .1 4 4 2 .4 4 .0 6 2 1 1 .6 7 3 7 .2 5 .6 9 1 4 2 .4 4 4 0 .6 2 .8 2 3 9 .9 3 .5 7 1972 ............................... 1 3 6 .9 0 3 7 .0 3 .7 0 1 8 9 .1 4 4 2 .6 4 .4 4 2 2 1 .1 9 3 6 .5 6 .0 6 1 5 4 .7 1 4 0 .5 3 .8 2 1973 ............................... 1 4 5 .3 9 3 6 .9 3 .9 4 2 0 1 .4 0 4 2 .4 4 .7 5 2 3 5 .8 9 3 6 .8 6 .4 1 1 6 6 .4 6 4 0 .7 4 .0 9 1974 ............................... 1 5 4 .7 6 3 6 .5 4 .2 4 2 1 9 .1 4 4 1 .9 5 .2 3 2 4 9 .2 5 3 6 .6 6 .8 1 1 7 6 .8 0 4 0 .0 4 .4 2 1975 ............................... 1 6 3 .5 3 3 6 .1 4 .5 3 2 4 9 .3 1 4 1 .9 5 .9 5 2 6 6 .0 8 3 6 .4 7 .3 1 1 9 0 .7 9 3 9 .5 4 .8 3 1976 ............................... 1 7 5 .4 5 3 6 .1 4 .8 6 2 7 3 .9 0 4 2 .4 6 .4 6 2 8 3 73 3 6 .8 7 .7 1 2 0 9 .3 2 4 0 .1 5 .2 2 1977 ............................... 1 8 9 .0 0 3 6 .0 5 .2 5 3 0 1 .2 0 4 3 .4 6 .9 4 2 9 5 .6 5 3 6 .5 8 .1 0 2 2 8 .9 0 4 0 .3 5 .6 8 1978 ............................... 2 0 3 .7 0 3 5 .8 5 .6 9 3 3 2 .8 8 4 3 .4 7 .6 7 3 1 8 .6 9 3 6 .8 8 .6 6 2 4 9 .2 7 4 0 .4 6 .1 7 1979 ............................... 2 1 9 .9 1 3 5 .7 6 .1 6 3 6 5 .0 7 4 3 .0 8 .4 9 342 99 3 7 .0 9 .2 7 2 6 9 .3 4 4 0 .2 6 .7 0 1980 ............................... 2 3 5 .1 0 3 5 .3 6 66 3 9 7 .0 6 4 3 .3 9 .1 7 3 6 7 .7 8 3 7 .0 9 .9 4 2 8 8 .6 2 3 9 .7 7 .2 7 1 9 8 1 ............................... 2 5 5 .2 0 3 5 .2 7 .2 5 4 3 9 .7 5 4 3 .7 1 0 .0 4 299 26 3 6 .9 1 0 .8 2 1982 ............................... 2 6 6 .9 2 3 4 .8 7 .6 7 4 5 9 .2 3 4 2 .6 1 0 .7 8 4 2 6 .4 5 3 6 .7 1 1 .6 2 3 3 0 .6 5 3 8 .9 8 .5 0 1983 ............................... 2 8 0 .3 5 3 5 .0 8 .0 1 4 8 0 .2 5 4 2 .5 1 1 .3 0 4 4 1 .8 6 3 7 .1 1 1 .9 1 3 5 4 .4 8 4 0 .1 8 .8 4 T r a n s p o r t a tio n a n d p u b lic 3 1 8 .0 0 7 .9 9 F in a n c e , in s u r a n c e , a n d W h o le s a le a n d r e t a il tra d e u t ilitie s S e r v ic e s r e a l e s ta te 1950 ............................... $ 4 4 .5 5 4 0 .5 $ 1 .1 0 $ 5 0 .5 2 3 7 .7 1955 ............................... 5 5 .1 6 3 9 .4 1 .4 0 6 3 .9 2 3 7 .6 1 .7 0 ........................... 6 6 .0 1 3 8 .6 1 .7 1 7 5 .1 4 3 7 .2 2 .0 2 I9 6 0 1 3 9 .8 $ 1 .3 4 1964 ............................... $ 1 1 8 .7 8 4 1 .1 $ 2 .8 9 7 4 .6 6 3 7 .9 1 .9 7 8 5 .7 9 3 7 .3 2 .3 0 $ 7 0 .0 3 3 6 .1 1965 ............................... 1 2 5 .1 4 4 1 .3 3 .0 3 7 6 .9 1 3 7 .7 2 .0 4 8 8 .9 1 3 7 .2 2 .3 9 7 3 .6 0 3 5 .9 2 .0 5 1966 ............................... 1 2 8 .1 3 4 1 .2 3 .1 1 7 9 .3 9 3 7 .1 2 .1 4 9 2 .1 3 3 7 .3 2 .4 7 7 7 .0 4 3 5 .5 2 .1 7 4 0 .5 3 .2 3 $ 1 .9 4 1967 ............................... 1 3 0 .8 2 3 6 .6 2 .2 5 9 5 .7 2 3 7 .1 2 .5 8 80 38 3 5 .1 2 .2 9 1968 ............................... 1 3 8 .8 5 4 0 .6 3 .4 2 8 7 .0 0 3 6 .1 2 .4 1 1 0 1 .7 5 3 7 .0 2 .7 5 8 3 .9 7 3 4 .7 2 .4 2 1969 ............................... 1 4 7 .7 4 4 0 .7 3 .6 3 9 1 .3 9 3 5 .7 2 .5 6 1 0 8 .7 0 3 7 .1 2 .9 3 9 0 .5 7 3 4 .7 2 .6 1 1970 ............................... 1 5 5 .9 3 4 0 .5 3 .8 5 9 6 .0 2 3 5 .3 2 .7 2 1 1 2 .6 7 3 6 .7 3 .0 7 9 6 .6 6 3 4 .4 2 .8 1 1 9 7 1 ............................... 1 6 8 .8 2 4 0 .1 4 .2 1 1 0 1 .0 9 3 5 .1 2 .8 8 1 1 7 .8 5 3 6 .6 3 .2 2 1 0 3 .0 6 3 3 .9 3 .0 4 1972 ............................... 1 8 7 .8 6 4 0 .4 4 .6 5 1 0 6 .4 5 3 4 .9 3 .0 5 1 2 2 .9 8 3 6 .6 3 .3 6 1 1 0 .8 5 3 3 .9 3 .2 7 1973 ............................... 2 0 3 31 4 0 .5 5 .0 2 1 1 1 .7 6 3 4 .6 3 .2 3 1 2 9 .2 0 36 6 3 .5 3 1 1 7 .2 9 3 3 .8 3 .4 7 1974 ............................... 2 1 7 .4 8 4 0 .2 5 .4 1 1 1 9 .0 2 3 4 .2 3 .4 8 1 3 7 .6 1 3 6 .5 3 .7 7 1 2 6 .0 0 3 3 .6 3 .7 5 1975 ............................... 2 3 3 .4 4 3 9 .7 5 .8 8 1 2 6 .4 5 3 3 .9 3 .7 3 1 4 8 .1 9 3 6 .5 4 .0 6 1 3 4 .6 7 3 3 .5 4 .0 2 1976 ............................... 2 5 6 .7 1 3 9 .8 6 .4 5 1 3 3 .7 9 3 3 .7 3 .9 7 1 5 5 .4 3 36 4 1977 ............................... 2 7 8 .9 0 3 9 .9 6 .9 9 1 4 2 .5 2 3 3 .3 4 .2 8 1 6 5 .2 6 3 6 .4 4 .5 4 1 5 3 .4 5 3 3 .0 4 .6 5 1978 ............................... 3 0 2 .8 0 4 0 .0 7 .5 7 1 5 3 .6 4 3 2 .9 4 .6 7 1 7 8 .0 0 3 6 .4 4 .8 9 1 6 3 .6 7 3 2 .8 4 .9 9 1979 ............................... 3 2 5 .5 8 3 9 .9 8 .1 6 1 6 4 .9 6 3 2 .6 5 .0 6 1 9 0 .7 7 3 6 .2 5 .2 7 1 7 5 .2 7 3 2 .7 5 .3 6 1980 8 2 .3 5 4 .2 7 1 4 3 .5 2 3 3 .3 4 .3 1 ............................... 3 5 1 .2 5 3 9 .6 8 .8 7 1 7 6 .4 6 3 2 .2 5 .4 8 2 0 9 .6 0 3 6 .2 5 .7 9 1 9 0 .7 1 3 2 .6 5 .8 5 1 9 8 1 ............................... 3 8 2 .1 8 3 9 .4 9 .7 0 1 9 0 .6 2 3 2 .2 5 .9 2 2 2 9 .0 5 3 6 .3 6 .3 1 2 0 8 .9 7 3 2 .6 6 .4 1 1982 ............................... 4 0 1 .7 0 39 0 1 0 .3 0 1 9 8 .1 0 3 1 .9 6 .2 1 2 4 5 .4 4 3 6 .2 6 .7 8 2 2 4 .9 4 3 2 .6 6 .9 0 1983 ............................... 4 2 1 .5 9 3 9 .0 1 0 .8 1 2 0 7 .0 3 3 1 .9 6 .4 9 2 6 4 .2 6 3 6 .2 7 .3 0 2 3 7 .4 0 3 2 .7 7 .2 6 1 D a ta in c lu d e A la s k a a n d H a w a ii b e g in n in g in 1 9 5 9 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 67 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Establishment Data 13. Weekly hours, by industry division and major manufacturing group, seasonally adjusted [Gross averages, production or nonsupervisory workers on private nonagricultural payrolls] A n n u al av e ra g e 1983 1984 In d u s t r y d iv is io n a n d g r o u p 1982 P R IV A T E S E C T O R ............................................................................... M A N U F A C T U R IN G O v e r tim e h o u r s .............................................................. 1983 Feb. M ar. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. Dec. J a n .P F e b .P 3 4 .8 3 5 .0 3 4 .5 3 4 .8 3 4 .9 3 5 .1 3 5 .1 3 5 .0 3 5 .0 3 5 .2 3 5 .3 3 5 .2 3 5 .3 3 5 .5 3 5 .4 3 8 .9 4 0 .1 3 9 .2 3 9 .5 4 0 .1 4 0 .0 4 0 .1 4 0 .2 4 0 .3 4 0 .8 4 0 .6 4 0 .6 4 0 .5 4 1 .0 4 1 .0 2 .3 3 .0 2 .4 2 .6 2 .9 2 .7 2 .9 3 .0 3 .1 3 .3 3 .3 3 .4 3 .4 3 .5 3 .6 4 1 .7 3 9 .3 4 0 .7 3 9 .7 3 9 .9 4 0 .5 4 0 .4 4 0 .6 4 0 .8 4 0 .8 4 1 .5 4 1 .2 4 1 .2 4 1 .1 4 1 .7 O v e r tim e h o u r s .............................................................. 2 .2 3 .0 2 .3 2 .5 2 .8 2 .6 2 .8 3 .0 3 .1 3 .4 3 .4 3 .5 3 .5 3 .7 3 .7 L u m b e r a n d w o o d p r o d u c t s ............................................ 3 8 .0 4 0 .0 3 9 .5 3 9 .5 4 0 .0 3 9 .8 4 0 .0 3 9 .9 4 0 .2 4 0 .5 4 0 .3 3 9 .7 3 9 .7 4 0 .7 4 0 .2 D u ra b le g o o d s F u r n it u r e a n d f ix t u r e s ......................................................... 3 7 .2 3 9 .4 3 7 .9 3 8 .3 3 9 .3 3 9 .2 3 9 .6 3 9 .7 3 9 .7 ............................... 4 0 .0 4 1 .4 4 0 .5 4 0 .6 4 1 .0 4 1 .2 4 1 .6 4 1 .7 4 1 .7 4 2 .1 4 1 .7 4 1 .7 4 1 .6 4 2 .1 4 2 .5 P r im a r y m e ta l i n d u s t r i e s ..................................................... 3 8 .6 4 0 .5 3 9 .1 3 9 .4 3 9 .9 4 0 .3 4 0 .3 4 0 .8 4 0 .9 4 1 .2 4 1 .7 4 1 .6 4 1 .8 4 1 .7 4 2 .0 4 1 .8 4 1 .8 S t o n e , c la y , a n d g la s s p r o d u c t s 4 0 .1 3 9 .8 3 9 .7 4 0 .1 F a b r ic a te d m e ta l p r o d u c t s ................................................ 3 9 .2 4 0 .6 3 9 .6 3 9 .7 4 0 .5 4 0 .4 4 0 .5 4 0 .7 4 0 .9 4 1 .6 4 1 .2 4 1 .4 4 1 .4 M a c h in e r y , e x c e p t e l e c t r i c a l ............................................ 3 9 .7 4 0 .5 3 9 .4 3 9 .7 4 0 .2 4 0 .0 4 0 .4 4 0 .7 4 0 .7 4 0 .3 3 9 .9 4 1 .2 4 1 .3 4 1 .3 4 1 .4 4 1 .9 4 2 .1 E le c tr ic a n d e le c t r o n ic e q u i p m e n t ............................... 3 9 .3 4 0 .5 3 9 .5 3 9 .8 4 0 .4 4 0 .3 4 0 .5 4 0 .8 4 0 .7 4 1 .1 4 1 .1 4 1 .1 4 0 .9 4 1 .3 4 1 .3 T r a n s p o r t a tio n e q u i p m e n t ................................................ 4 0 .5 4 2 .1 4 1 .2 4 1 .7 4 2 .3 4 1 .6 4 1 .9 4 2 .0 4 1 .8 4 3 .5 4 2 .5 4 2 .5 4 1 .9 4 3 .3 4 3 .1 I n s t r u m e n t s a n d r e la te d p r o d u c t s ............................... 3 9 .8 4 0 .4 3 9 .7 4 0 .0 4 0 .5 4 0 .4 4 0 .1 4 0 .7 4 0 .4 4 1 .0 4 0 .7 4 0 .6 4 0 .7 4 1 .3 4 0 .9 3 8 .4 3 9 .4 3 8 .5 3 9 .0 3 9 .5 3 9 .4 3 9 .6 3 9 .5 3 9 .5 3 9 .9 3 9 .7 3 9 .7 3 9 .7 4 0 .0 4 0 .1 2 .5 3 .0 2 .6 2 .7 3 .0 2 .9 3 .0 3 .0 3 .1 3 .1 3 .1 3 .1 3 .2 3 .2 3 .3 ............................................ 3 9 .4 3 9 .5 3 9 .0 3 9 .2 3 9 .6 3 9 .4 3 9 .8 3 9 .4 3 9 .6 3 9 .9 3 9 .7 3 9 .5 3 9 .6 3 9 .6 3 9 .9 T e x t ile m i ll p r o d u c t s .............................................................. 3 7 .5 4 0 .4 3 9 .0 3 9 .6 4 0 .6 4 0 .4 4 0 .7 4 0 .7 4 0 .9 4 1 .3 4 0 .7 4 0 .7 4 0 .7 4 1 .0 4 0 .7 A p p a r e l a n d o t h e r t e x t ile p r o d u c t s N o n d u r a b le g o o d s O v e r tim e h o u r s .............................................................. F o o d a n d k in d r e d p r o d u c t s ........................... 3 4 .7 3 6 .2 3 5 .2 3 5 .6 3 6 .2 3 6 .1 3 6 .1 3 5 .8 3 6 .2 3 6 .8 3 6 .5 3 6 .4 3 6 .5 3 7 .3 3 7 .1 P a p e r a n d a llie d p r o d u c t s ................................................ 4 1 .8 4 2 .6 4 1 .4 4 2 .1 4 2 .4 4 2 .7 4 2 .8 4 2 .9 4 2 .9 4 3 .3 4 3 .2 4 3 .0 4 3 .0 4 3 .2 4 3 .5 P r in t in g a n d p u b lis h in g 3 7 .1 3 7 .1 3 7 .4 ..................................................... 3 7 .6 3 7 .7 3 7 .4 3 7 .6 3 7 .7 3 7 .5 3 7 .8 3 7 .9 3 7 .6 3 7 .8 3 7 .9 C h e m ic a ls a n d a llie d p r o d u c t s ........................................ 4 0 .9 4 1 .6 4 1 .0 4 1 .2 4 1 .5 4 1 .6 4 1 .9 4 1 .8 4 1 .6 4 1 .7 4 1 .7 4 1 .8 4 1 .9 4 2 .2 4 2 .1 P e t r o le u m a n d c o a l p r o d u c ts ........................................ 4 3 .9 4 3 .9 4 4 .4 4 4 .9 4 3 .5 4 3 .6 4 3 .8 4 3 .7 4 3 .5 4 3 .2 4 3 .5 4 3 .6 4 4 .5 4 5 .6 4 5 .7 L e a t h e r a n d le a t h e r p r o d u c ts ........................................ 3 5 .6 3 6 .8 3 4 .9 3 6 .0 3 7 .0 3 6 .8 3 6 .8 3 7 .4 3 7 .2 3 7 .7 3 7 .5 3 7 .2 3 7 .0 3 7 .1 3 7 .0 3 9 .0 39 0 3 8 .6 3 8 .8 3 8 .8 3 8 .9 3 8 .9 3 8 .9 3 9 .3 3 9 .4 3 9 .4 3 9 .2 3 9 .4 3 9 .6 3 9 .4 T R A N S P O R T A T IO N A N D P U B L IC U T IL IT IE S 3 8 .0 W H O L E S A L E A N D R E T A IL T R A D E 3 1 .9 3 1 .9 3 1 .4 3 1 .7 3 1 .7 3 1 .9 3 2 .0 3 1 .9 3 1 .8 3 1 .8 3 2 .1 3 2 .0 3 2 .4 3 2 .2 3 2 .1 W HO LESALE TRADE 3 8 .4 3 8 .6 3 8 .2 3 8 .4 3 8 .5 3 8 .6 3 8 .7 3 8 .6 3 8 .5 3 8 .7 3 8 .7 3 8 .7 3 8 .7 3 8 .8 3 8 .8 R E T A IL T R A D E 2 9 .9 2 9 .8 2 9 .3 2 9 .7 2 9 .6 2 9 .9 2 9 .9 2 9 .8 2 9 .7 2 9 .7 3 0 .0 3 0 .0 3 0 .4 3 0 .1 3 0 .0 S E R V IC E S 3 2 .6 3 2 .7 3 2 .5 3 2 .7 3 2 .7 3 2 .9 3 2 .7 3 2 .6 3 2 .7 3 2 .8 3 2 .9 3 2 .7 3 2 .6 3 2 .8 3 2 .6 p - .................................................................................................................... p r e lim in a r y . 68 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N O T E : S e e “ N o te s o n t h e d a t a " f o r a d e s c r ip tio n o f t h e m o s t r e c e n t b e n c h m a r k r e v is io n . 14. Hourly earnings, by industry division and major manufacturing group [Gross averages, production or nonsupervisory workers on private nonagricultural payrolls] 1983 A n n u al av e ra g e 1984 In d u s t r y d iv is io n a n d g r o u p P R IV A T E S E C T O R 1982 1983 Feb. M a r. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. D ec. J a n .P F e b .P $ 7 .6 7 $ 8 .0 1 $ 7 .9 2 $ 7 .9 0 $ 7 .9 4 $ 7 .9 7 $ 7 .9 7 $ 8 .0 0 $ 7 .9 4 $ 8 .1 1 $ 8 .1 5 $ 8 .1 6 $ 8 .1 6 $ 8 .2 5 $ 8 .2 4 (1) <1 ) 7 .9 1 7 .9 1 7 .9 5 7 .9 7 8 .0 0 8 .0 3 7 .9 8 8 .0 8 8 .1 3 8 .1 3 8 .1 6 8 .2 2 8 .2 3 S e a s o n a lly a d j u s t e d ..................................................... M IN IN G 1 0 .7 8 1 1 .3 0 1 1 .2 5 1 1 .1 9 1 1 .2 8 1 1 .2 0 1 1 .2 5 1 1 .2 9 1 1 .2 8 1 1 .3 5 1 1 .3 5 1 1 .4 3 1 1 .4 4 1 1 .5 4 1 1 .4 6 C O N S T R U C T IO N 1 1 .6 2 1 1 .9 1 1 2 .0 0 1 1 .9 5 1 1 .9 0 1 1 .8 0 1 1 .7 4 1 1 .7 8 1 1 .8 4 1 2 .0 3 1 2 .0 4 1 1 .8 9 1 2 .0 1 1 2 .0 5 1 1 .9 3 M A N U F A C T U R IN G D u ra b le g o o d s 8 .5 0 8 .8 4 8 .7 5 8 .7 4 8 .7 7 8 .7 8 8 .8 1 8 .8 6 8 .7 9 8 .9 0 892 8 .9 9 9 .0 6 9 .0 9 9 .0 9 9 .0 6 9 .4 0 9 .3 1 9 .2 9 9 .3 1 9 .3 4 9 .3 7 9 .4 0 9 .3 4 9 .4 8 9 .4 9 9 .5 6 9 .6 3 9 .6 6 9 .6 6 L u m b e r a n d w o o d p r o d u c t s ............................... 7 .4 6 7 .7 9 7 .7 2 7 .6 8 7 .7 4 7 .7 8 7 .8 5 7 .8 2 7 .8 3 7 .8 8 7 .8 7 7 80 7 .8 0 7 .8 6 7 .9 0 F u r n it u r e a n d f i x t u r e s ................................................ 6 .3 1 6 .6 2 6 .5 0 6 .5 1 6 .5 1 6 .5 2 6 .6 0 6 .6 5 6 .6 7 6 .7 3 6 .7 1 6 .7 2 6 .7 7 6 .7 6 6 .7 6 S t o n e , c la y , a n d g la s s p r o d u c t s ...................... 8 .8 6 9 .2 8 9 .1 0 9 .1 3 9 .1 6 9 .2 0 9 .2 8 9 .3 4 9 .3 1 9 .4 3 9 .3 9 9 .4 1 9 .4 1 9 .4 3 9 .4 2 P r im a r y m e ta l i n d u s t r i e s ........................................ 1 1 .3 3 1 1 .3 3 1 1 .5 3 1 1 .2 4 1 1 .2 5 1 1 .2 8 1 1 .2 3 1 1 .3 7 1 1 .2 8 1 1 .3 3 1 1 .2 8 1 1 .3 1 1 1 .3 5 1 1 .3 8 1 1 .4 5 F a b r ic a te d m e ta l p r o d u c t s ................................... 8 .7 8 9 .1 4 9 .0 4 9 .0 5 9 .0 7 9 .0 8 9 .1 1 9 .1 0 9 .1 2 9 .2 1 9 .2 2 9 .2 7 9 .3 8 9 .3 4 9 .3 4 M a c h in e r y , e x c e p t e l e c t r i c a l ............................... E le c tr ic a n d e le c t r o n ic e q u i p m e n t .................. 9 .2 9 9 .6 3 9 .4 4 9 .4 6 9 .4 8 9 .5 9 9 .6 3 9 .6 5 9 .6 1 9 .7 1 9 .7 4 9 .8 1 9 .9 1 9 .9 1 9 .9 3 8 .2 1 8 .6 7 8 .5 6 8 .6 0 8 .6 0 8 .6 0 8 .6 3 8 .6 9 8 .6 4 8 .7 5 8 .7 3 8 .7 8 8 .8 6 8 .9 0 8 .8 8 ................................... 1 1 .1 2 1 1 .6 8 1 1 .4 9 1 1 .4 9 1 1 .5 3 1 1 .5 2 1 1 .6 3 1 1 .6 2 1 1 .5 3 1 1 .8 0 1 1 .8 8 1 2 .0 2 1 2 .0 6 1 2 .0 7 1 2 .0 8 I n s t r u m e n t s a n d r e la te d p r o d u c t s .................. 8 .1 0 8 .5 4 8 .4 8 8 .4 7 8 .4 6 8 .4 8 8 .4 8 8 .5 7 8 .5 3 8 .6 1 8 .6 0 8 .6 2 8 .7 0 8 .7 3 8 .6 9 .......................... 6 .4 3 6 .8 2 6 .7 3 6 .7 5 6 .7 6 6 .8 2 6 .8 1 6 .8 2 6 .8 1 6 .8 5 6 .8 5 6 .8 6 6 .9 7 7 .0 5 7 .0 3 7 .7 3 8 .0 7 7 .9 9 8 .0 0 8 .0 3 8 .0 3 8 04 8 11 8 05 8 .1 1 8 11 8 .1 8 8 .2 4 8 .2 7 8 .2 8 8 14 T r a n s p o r t a tio n e q u ip m e n t M is c e lla n e o u s m a n u fa c t u r in g N o n d u r a b le g o o d s 7 .8 9 8 .1 7 8 .1 1 8 .1 6 8 .2 0 8 .1 8 8 17 8 1/ 8 .1 2 8 13 8 23 8 .3 3 8 .3 8 8 .4 1 T o b a c c o m a n u f a c t u r e s ............................................ 9 .7 8 1 0 .3 2 9 .9 6 1 0 .4 3 1 0 .6 1 1 0 .7 4 1 0 .9 1 1 0 H-l 1 0 .2 4 9 90 9 .6 / 10 74 1 0 .1 8 1 0 .5 8 1 0 .7 8 T e x t ile m i ll p r o d u c t s ................................................. F o o d a n d k in d r e d p r o d u c ts ............................... 5 .8 3 6 .1 8 6 .1 0 6 .1 1 6 .1 4 6 .1 4 6 .1 6 6 .1 / 6 .1 9 6 .2 3 6 .2 4 6 .2 6 6 .3 1 6 .4 0 6 .4 1 A p p a r e l a n d o t h e r t e x t ile p r o d u c t s .................. 5 .2 0 5 .3 7 5 .3 3 5 .3 3 5 .3 5 5 .3 3 5 .3 6 5 .3 5 5 .3 5 5 .3 9 5 .4 3 5 .4 5 5 .4 6 5 .5 1 5 .4 9 P a p e r a n d a llie d p r o d u c ts 1 0 .2 2 ................................... 9 .3 2 9 .9 3 9 .6 5 9 .6 7 9 .7 2 9 .8 1 9 .9 1 1 0 .0 6 1 0 .0 2 1 0 .1 1 1 0 .1 0 1 0 .1 9 1 0 .2 3 1 0 .2 2 P r in t in g a n d p u b l i s h i n g ............................................ 8 .7 5 9 .1 2 8 .9 9 9 .0 3 9 .0 3 9 .0 5 9 .0 6 9 .1 0 9 .1 4 9 .2 5 9 .2 4 9 27 9 .3 1 9 .2 8 9 .3 0 C h e m ic a ls a n d a llie d p r o d u c t s .......................... 9 .9 6 1 0 .5 9 1 0 .4 1 1 0 .3 9 1 0 .4 3 1 0 .5 0 1 0 .5 2 1 0 .5 8 1 0 .6 1 1 0 .6 9 1 0 .7 8 1 0 .8 6 1 0 .8 9 1 0 .8 9 1 0 .8 9 .......................... 1 2 .4 6 1 3 .2 8 1 3 .2 5 1 3 .2 8 1 3 .2 7 1 3 .1 7 1 3 .1 7 1 3 .2 0 1 3 .1 6 1 3 .3 6 1 3 .3 6 1 3 .4 4 1 3 .5 7 1 3 .4 2 1 3 .2 8 p la s t ic s p r o d u c t s ..................................................... 7 .6 5 8 .0 2 7 .9 1 7 .9 2 7 .9 5 7 .9 7 7 .9 6 8 .0 6 8 .0 3 8 .0 8 8 .1 2 8 .1 0 8 .1 8 8 .2 1 8 .2 3 5 .3 2 5 .5 3 5 .5 0 5 .5 2 5 .5 2 5 .5 1 5 .4 9 5 .5 2 5 .5 0 5 .5 6 5 .5 5 5 .5 6 5 .6 0 5 .6 9 5 .6 8 1 0 .3 0 1 0 .8 1 1 0 .7 2 1 0 .6 8 1 0 .7 2 1 0 .7 4 1 0 .7 3 1 0 .8 6 1 0 .6 8 1 0 .9 0 1 0 .9 3 1 1 .0 1 1 0 .9 8 1 1 .0 4 1 1 .0 1 W H O L E S A L E A N D R E T A IL T R A D E 6 .2 1 6 .4 9 6 .4 5 6 .4 3 6 .4 5 6 .4 6 6 .4 6 6 .4 8 6 .4 7 6 .5 4 6 .5 7 6 .5 8 6 .5 5 6 .6 9 6 .6 8 W HO LESALE TRADE 8 .0 2 8 .4 1 8 .2 8 8 .2 7 8 .3 4 8 .3 6 8 .3 5 8 .4 2 8 .4 1 8 .4 8 8 .5 4 8 .5 4 8 .6 0 8 .6 7 8 63 R E T A IL T R A D E 5 .4 7 5 .7 3 5 .6 9 5 .6 8 5 .6 9 5 .7 1 5 .7 1 5 .7 2 5 .7 1 5 .7 7 5 .7 8 5 .8 1 5 .7 7 5 .8 9 5 .8 8 6 .7 8 7 .3 0 7 .2 2 7 .1 9 7 .2 3 7 .3 1 7 .2 6 7 .3 0 7 .2 5 7 .3 3 7 .4 5 7 .3 9 7 .4 3 7 .5 8 7 .5 8 6 90 7 .2 6 7 .1 9 7 .1 7 7 .2 0 7 .2 3 7 .2 0 7 .1 8 7 .1 8 7 .3 1 7 .3 9 7 .4 1 7 .4 4 7 .5 3 7 .5 2 P e t r o le u m a n d c o a l p r o d u c ts R u b b e r a n d m is c e lla n e o u s L e a th e r a n d le a t h e r p r o d u c ts ........................... T R A N S P O R T A T IO N A N D P U B L IC U T IL IT IE S F IN A N C E , IN S U R A N C E , A N D REAL ESTATE S E R V IC E S 1 N o t a v a ila b le . p = p r e lim in a r y . 15. N O T E : S e e “ N o te s o n th e d a t a " f o r a d e s c r ip tio n o f t h e m o s t r e c e n t b e n c h m a r k r e v is io n . Hourly Earnings Index, for production workers on private nonagricultural payrolls, by industry [1977 = 100] N o t s e a s o n a lly a d ju s t e d S e a s o n a lly a d ju s t e d P e rc e n t P erce n t change In d u s t r y P R IV A T E S E C T O R ( In c u r r e n t d o ll a r s ) . change Feb. D ec. Jan. Feb. fro m : Feb. O c t. Nov. D ec. Jan. Feb. fro m : 1983 1983 1984P 1984P Feb. 1983 1983 1983 1983 1983 1984P 1984P Jan. 1984 to to Feb. 1984 Feb. 1984 1 5 3 .7 1 5 7 .6 1 5 8 .8 1 5 8 .6 3 .2 1 5 3 .4 1 5 6 .8 1 5 6 .9 1 5 7 .6 1 5 8 .2 1 5 8 .2 0 .0 1 6 5 .1 1 7 0 .1 1 7 0 .7 1 6 9 .9 2 .9 (1) C o n s t r u c t i o n .................. 1 4 4 .6 1 4 5 .8 1 4 6 .0 1 4 4 .6 ( 1) 1 4 5 .1 ( 1) 1 4 4 .6 (1) 1 4 5 .2 (1) 1 4 5 .9 (1) 1 4 5 .5 ( 1) -.3 M a n u f a c t u r i n g .......................... 1 5 7 .3 1 6 0 .5 1 6 1 .1 1 6 1 .2 2 .5 1 5 7 .3 158 9 1 5 9 .7 1 6 0 .1 1 6 0 .7 T r a n s p o r t a tio n a n d p u b lic u t ilitie s 1 5 5 .7 1 5 9 .6 1 6 0 .5 1 6 0 .2 2 .9 1 5 5 .2 1 5 8 .4 1 5 8 .7 158 9 1 5 9 .9 1 5 9 .5 -.2 W h o le s a le a n d r e ta il tr a d e 1 4 9 .8 1 5 4 .0 1 5 5 .5 1 5 5 .2 3 .7 1 4 9 .3 1 5 4 .1 1 5 4 .1 1 5 4 .8 1 5 5 .0 1 5 4 .7 -.2 (1) 1 5 2 .0 ( 1) 1 5 8 .4 ( 1) 1 5 8 .1 <1 ) 1 5 9 .2 (1) 1 5 9 .6 ( 1) 1 5 9 .5 (1) - .1 9 5 .1 9 4 .4 9 4 .3 9 4 .7 9 4 .7 (2) (2 ) M i n i n g .................. . . . .0 F in a n c e , in s u r a n c e , a n d re a l e s ta te . . 1 5 7 .4 1 6 2 .0 1 6 5 .1 1 6 5 .0 4 .8 S e r v ic e s 1 5 3 .4 1 5 9 .2 1 6 0 .9 1 6 0 .6 4 .7 9 5 .5 9 4 .9 9 5 .2 (2 ) (2 ) ............................... P R IV A T E S E C T O R ( in c o n s ta n t d o ll a r s ) 1T h is s e r ie s is n o t s e a s o n a lly a d ju s te d b e c a u s e th e s e a s o n a l c o m p o n e n t is s m a ll r e la tiv e t o t h e t r e n d - 1 4 5 .0 p = 1 6 1 .2 .3 p r e lim in a r y , c y c le , ir r e g u la r c o m p o n e n ts , o r b o t h , a n d c o n s e q u e n t ly c a n n o t b e s e p a r a te d w ith s u ff ic ie n t p r e c is io n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N O T E : S e e " N o t e s o n t h e d a t a " f o r a d e s c r ip tio n o f t h e m o s t r e c e n t b e n c h m a r k r e v is io n . 69 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Establishment Data 16. Weekly earnings, by industry division and major manufacturing group [ G r o s s a v e r a g e s , p r o d u c t i o n o r n o n s u p e r v i s o r y w o r k e r s o n p r iv a t e n o n a g r i c u l t u r a l p a y r o l l s ] A n n u al av e ra g e 1983 1984 In d u s t r y d iv is io n a n d g r o u p 1982 1983 Feb. M ar. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. D ec. J a n .P F e b .P C u r r e n t d o l l a r s .......................................................................... $ 2 6 6 .9 2 $ 2 8 0 .3 5 $ 2 7 0 .8 6 $ 2 7 4 .1 3 $ 2 7 5 .5 2 $ 2 7 8 .1 5 $ 2 8 0 .5 4 $ 2 8 3 .2 0 $ 2 8 1 .0 8 $ 2 8 6 .2 8 $ 2 8 7 .7 0 $ 2 8 6 .4 2 $ 2 8 9 .6 8 $ 2 8 8 .7 5 $ 2 8 9 .2 2 S e a s o n a lly a d j u s t e d ......................................................... (1) 1 6 7 .8 7 (1) 1 7 1 .1 5 2 7 2 .9 0 2 7 5 .2 7 2 7 7 .4 6 2 7 9 .7 5 2 8 0 .8 0 2 8 1 .0 5 2 7 9 .3 0 2 8 4 .4 2 2 8 6 .9 9 2 8 6 .1 8 2 8 8 .0 5 2 9 1 .8 1 2 9 1 .3 4 1 6 8 .2 4 1 6 9 .8 5 1 6 9 .5 5 1 7 0 .3 3 1 7 1 .3 7 1 7 2 .3 7 1 7 0 .3 5 1 7 2 .7 7 1 7 3 .3 1 1 7 2 .4 4 1 7 4 .4 0 1 7 3 .1 1 (1 ) M IN IN G 4 5 9 .2 3 4 8 0 .2 5 4 6 4 .6 3 4 6 7 .7 4 4 6 9 .2 5 4 7 2 .6 4 4 7 8 .1 3 4 7 5 .3 1 4 8 1 .6 6 4 8 9 .1 9 4 9 0 .3 2 4 9 0 .3 5 4 9 7 .6 4 5 0 3 .1 4 4 9 8 .5 1 C O N S T R U C T IO N 4 2 6 .4 5 4 4 1 .8 6 4 2 4 .8 0 4 3 4 .9 8 4 3 6 .7 3 4 4 1 .3 2 4 4 4 .9 5 4 5 0 .0 0 4 4 9 .9 2 4 5 5 .9 4 4 4 9 .0 9 4 3 1 .6 1 4 4 1 .9 7 4 3 7 .4 2 4 4 0 .2 2 C u r r e n t d o l l a r s ........................................................................... 3 3 0 .6 5 3 5 4 .4 8 3 3 9 50 3 4 6 .1 0 3 4 9 .0 5 3 5 0 .3 2 3 5 5 .0 4 3 5 4 .4 0 3 5 3 .3 6 3 6 3 .1 2 3 6 3 .0 4 3 6 6 .7 9 3 7 3 .2 7 3 6 8 .1 5 3 6 9 .9 6 C o n s t a n t ( 1 9 7 7 ) d o l l a r s .................................................... 2 0 7 .9 6 2 1 6 .4 1 2 1 0 .8 7 2 1 4 .4 4 2 1 4 .8 0 2 1 4 .5 3 2 1 6 .8 8 2 1 5 .7 0 2 1 4 .1 6 2 1 9 .1 4 2 1 8 .7 0 2 2 0 .8 2 2 2 4 .7 3 2 2 1 .6 4 (1) 3 5 6 .0 6 3 8 2 .5 8 3 6 6 .8 1 3 7 2 .5 3 3 7 5 .1 9 3 7 7 .3 4 3 8 2 .3 0 3 7 9 .7 6 3 8 0 .1 4 3 9 6 .7 4 4 0 4 .4 6 3 9 8 .9 6 3 9 9 .9 2 P R IV A T E S E C T O R C o n s t a n t ( 1 9 7 7 ) d o l l a r s ..................................................... M A N U F A C T U R IN G D u r a b le g o o d s 3 9 2 .4 7 3 9 1 .9 4 ............................................ 2 8 3 .4 8 3 1 1 .6 0 2 9 9 .5 4 3 0 2 .5 9 3 0 8 .0 5 3 1 2 .7 6 3 2 0 .2 8 3 1 3 .5 8 3 1 9 .4 6 3 2 0 .7 2 3 1 8 .7 4 3 0 8 .8 8 3 1 0 .4 4 3 0 8 .9 0 3 1 2 .0 5 F u r n it u r e a n d f i x t u r e s .............................................................. 2 3 4 .7 3 2 6 0 .8 3 2 4 3 .1 0 2 5 1 .2 9 2 5 3 .8 9 2 5 4 .2 8 2 6 3 .3 4 2 5 8 .6 9 2 6 7 .4 7 2 7 1 .2 2 2 7 1 .0 8 2 6 9 .4 7 2 7 7 .5 7 2 6 4 .3 2 2 6 5 .6 7 3 9 1 .9 5 3 9 9 .8 3 L u m b e r a n d w o o d p r o d u c ts S t o n e , c la y , a n d g la s s p r o d u c ts ................................... 3 5 4 .4 0 3 8 4 .1 9 3 5 8 .5 4 3 7 4 .6 4 3 9 0 .6 9 3 9 1 .3 5 3 9 5 .2 2 3 9 4 .2 8 3 8 4 .7 4 3 8 9 .9 9 ..................................................... 3 4 4 .1 8 4 5 8 .8 7 4 5 0 .8 2 4 5 6 .2 3 4 5 1 .1 3 4 5 2 .3 3 4 5 4 .8 2 4 6 0 .4 9 4 5 7 .9 7 4 6 9 .0 6 4 6 4 .7 4 4 7 0 .5 0 4 7 8 .9 7 4 7 4 .5 5 4 8 0 .9 0 F a b r ic a te d m e ta l p r o d u c t s ..................................................... 3 4 4 .1 8 3 7 1 .0 8 3 5 4 .3 7 3 6 1 .1 0 3 6 4 .6 1 3 6 6 .8 3 3 7 1 .6 9 3 6 5 .8 2 3 7 2 .1 0 3 8 1 .2 9 3 8 0 .7 9 3 8 5 .6 3 3 9 6 .7 7 3 8 6 .6 8 3 8 6 .6 8 P r im a r y m e ta l In d u s tr ie s M a c h in e r y e x c e p t e l e c t r i c a l ................................................ 3 6 8 .8 1 3 9 0 .0 2 3 7 1 .9 4 3 6 8 .8 5 3 7 7 .4 0 3 8 2 .6 4 3 9 5 .3 2 3 8 8 .0 9 3 8 6 .9 7 3 8 7 .2 8 3 9 9 .0 8 4 0 0 .3 1 4 0 8 .1 0 4 2 2 .1 7 4 1 5 .2 3 4 1 8 .0 5 ............................... 3 2 2 .6 5 3 5 1 .1 4 3 3 6 .4 1 3 4 4 .0 0 3 4 4 .8 6 3 4 5 .7 2 3 5 0 .3 8 3 5 0 .2 1 3 4 9 .9 2 3 5 8 .7 5 3 5 8 .8 0 3 6 3 .4 9 3 7 0 .3 5 3 6 5 .7 9 3 6 4 .9 7 T r a n s p o r t a tio n e q u i p m e n t ..................................................... 4 5 0 .3 6 4 9 1 .7 3 4 6 9 .9 4 4 8 0 .2 8 4 8 4 .2 6 4 8 2 .6 9 4 9 1 .9 5 4 8 4 .5 5 4 7 5 .0 4 5 0 5 .0 4 5 0 6 .0 9 5 1 5 .6 6 5 2 2 .2 0 5 1 6 .6 0 5 1 7 .0 2 3 5 4 .5 5 E le c tr ic a n d e le c t r o n ic e q u ip m e n t I n s t r u m e n t s a n d r e la te d p r o d u c t s 3 7 9 .2 0 3 8 0 .8 8 ............................... 3 2 2 .3 8 3 4 5 .0 2 3 3 5 .8 1 3 4 0 .4 9 3 3 9 .2 5 3 4 1 .7 4 3 4 0 .9 0 3 4 4 .5 1 3 4 3 .7 6 3 5 3 .0 1 3 5 0 .0 2 3 5 3 .4 2 3 6 0 .1 8 3 5 7 .9 3 M is c e lla n e o u s m a n u f a c t u r i n g ............................................ 2 4 7 .5 6 2 6 6 .6 6 2 5 3 .7 2 2 6 3 .2 5 2 6 3 .6 4 2 6 4 .6 2 2 6 4 .9 1 2 6 4 .6 2 2 6 6 .2 7 2 7 0 .5 8 2 7 2 .6 3 2 7 3 .7 1 2 7 9 .5 0 2 7 5 .6 6 2 8 0 .5 0 2 9 6 .8 3 3 1 7 .9 6 3 0 5 .2 2 3 1 1 .2 0 3 1 3 .9 7 3 1 5 .5 8 3 1 9 .1 9 3 1 9 .5 3 3 1 9 .5 9 3 2 5 .2 1 3 2 3 .5 9 3 2 7 .2 0 3 3 1 .2 5 3 2 6 .6 7 3 2 7 .9 2 3 1 6 .6 1 3 1 8 .9 8 3 2 1 .4 7 3 2 4 .8 0 3 3 0 .5 1 N o n d u r a b le g o o d s 3 1 0 .8 7 3 2 2 .7 2 3 1 2 .2 4 3 2 5 .1 7 32 2 72 3 2 8 .8 6 3 2 3 .5 7 3 2 7 .5 5 3 3 4 .0 3 3 3 0 .1 7 ......................................................... 3 6 9 .6 8 3 8 5 .9 7 3 3 9 .6 4 3 7 8 .6 1 3 9 5 .7 5 4 0 1 .6 8 4 2 0 .0 4 3 9 8 .9 1 3 8 6 .0 5 3 8 0 .1 6 3 7 0 .3 6 4 3 1 .7 5 3 8 4 .8 0 3 9 6 .7 5 3 8 7 .0 0 T e x t ile m i ll p r o d u c t s .................................................................. F o o d a n d k in d r e d p r o d u c t s ................................................ 2 1 8 .6 3 2 4 9 .6 7 2 3 6 .0 7 2 4 2 .5 7 2 4 6 .8 3 2 4 8 .6 7 2 5 3 .1 8 2 4 8 .0 3 2 5 4 .4 1 2 5 7 .9 2 2 5 6 .4 6 2 5 6 .6 6 2 5 8 .7 1 2 5 7 .2 8 2 5 8 .9 6 A p p a r e l a n d o t h e r te x t ile p r o d u c t s ............................... 1 8 0 .4 4 1 9 4 .3 9 1 8 5 .4 8 1 9 0 .2 8 1 9 2 .0 7 1 9 2 .4 1 1 9 6 .1 8 1 9 3 .1 4 1 9 5 .8 1 1 9 8 .3 5 1 9 9 .8 2 2 0 0 .0 2 2 0 0 .3 8 1 9 8 .9 1 2 0 1 .4 8 P a p e r a n d a llie d p r o d u c t s ..................................................... 3 8 9 .5 8 4 2 3 .0 2 3 9 6 .6 2 4 0 6 ,1 4 4 1 0 .1 8 4 1 5 .9 4 4 2 5 .1 4 4 2 9 .5 6 4 2 8 .8 6 4 3 9 .7 9 4 3 6 .3 2 4 4 0 .2 1 4 4 8 .0 7 4 4 0 .4 8 4 4 0 .4 8 T o b a c c o m a n u fa c t u r e s P r in t in g a n d p u b l i s h i n g ......................................................... 3 2 4 .6 3 3 4 2 .9 1 3 3 0 .8 3 3 3 8 .6 3 3 3 7 .7 2 3 3 7 .5 7 3 3 8 .8 4 3 4 1 .2 5 3 4 4 .5 8 3 5 1 .5 0 3 5 1 .1 2 3 5 3 .1 9 3 5 7 .5 0 3 4 7 .0 7 3 4 9 .6 8 C h e m ic a ls a n d a llie d p r o d u c ts ........................................ 4 0 7 .3 6 4 4 0 .5 4 4 2 5 .7 7 4 2 8 .0 7 4 3 2 .8 5 4 3 5 .7 5 4 4 0 .7 9 4 4 0 .1 3 4 3 9 .2 5 4 4 7 .9 1 4 4 9 .5 3 4 5 7 .2 1 4 6 1 .7 4 4 5 7 .3 8 4 5 6 .2 9 P e t r o le u m a n d c o a l p r o d u c t s ............................................ 5 4 6 .9 9 5 8 2 .9 9 5 7 3 .7 3 5 8 4 .3 2 5 8 1 .2 3 5 7 5 .7 3 5 7 9 .4 8 5 8 4 .7 6 5 7 2 .4 6 5 9 1 .8 5 5 8 5 .1 7 5 9 0 .0 2 6 0 2 .5 1 5 9 8 .5 3 5 9 2 .2 9 p la s t ic s p r o d u c t s .................................................................. 3 0 2 .9 4 3 3 0 .4 2 3 1 4 .0 3 3 2 1 .5 5 3 2 6 .7 5 3 2 7 .5 7 3 2 8 .7 5 3 2 9 .6 5 3 3 0 .8 4 3 3 8 .5 5 3 4 0 .2 3 3 4 0 .2 0 3 4 7 .6 5 3 4 5 .6 4 3 4 7 .3 1 L e a t h e r a n d le a t h e r p r o d u c t s ............................................ 1 8 9 .3 9 2 0 3 .5 0 1 9 0 .3 0 1 9 7 .0 6 2 0 1 .4 8 2 0 4 .4 2 2 0 7 .5 2 2 0 7 .0 0 2 0 6 .2 5 2 0 8 .5 0 2 0 6 .4 6 2 0 7 .3 9 2 0 8 .8 8 2 0 7 .6 9 2 0 8 .4 6 T R A N S P O R T A T IO N A N D P U B L IC U T IL IT IE S 4 0 1 .7 0 4 2 1 .5 9 4 1 1 .6 5 4 1 3 .3 2 4 1 3 .7 9 4 1 5 .6 4 4 1 9 .5 4 4 2 5 .7 1 4 2 1 .8 6 4 2 9 .4 6 4 3 0 .6 4 4 3 2 .6 9 4 3 5 .9 1 4 3 2 .7 7 4 3 1 .5 9 W H O L E S A L E A N D R E T A IL T R A D E 1 9 8 .1 0 2 0 7 .0 3 1 9 9 .3 1 2 0 1 .9 0 2 0 3 .1 8 2 0 5 .4 3 2 0 7 .3 7 2 1 0 .6 0 2 0 9 .6 3 2 0 9 .2 8 2 1 0 .2 4 2 0 9 .9 0 2 1 4 .1 9 2 1 1 .4 0 2 1 1 .0 9 W H O LESA LE TRADE 3 0 7 .9 7 3 2 4 .6 3 3 1 3 .8 1 3 1 6 .7 4 3 1 9 .4 2 3 2 1 .8 6 3 2 3 .1 5 3 2 6 .7 0 3 2 5 .4 7 3 2 8 .1 8 3 3 1 .3 5 3 3 1 .3 5 3 3 5 .4 0 3 3 4 .6 6 3 3 2 .2 6 R E T A IL T R A D E 1 6 3 .5 5 1 7 0 .7 5 1 6 3 .3 0 1 6 6 .4 2 1 6 7 .2 9 1 6 9 .5 9 1 7 1 .8 7 1 7 5 .0 3 1 7 4 .1 6 1 7 2 .5 2 1 7 2 .8 2 1 7 3 .1 4 1 7 7 .7 2 1 7 3 .1 7 1 7 2 .8 7 2 4 5 .4 4 2 6 4 .2 6 2 6 0 .6 4 2 5 8 .8 4 2 6 1 .0 0 2 6 5 .3 5 2 6 2 .0 9 2 6 4 .9 9 261 73 2 6 3 .8 8 2 7 0 .4 4 2 6 6 .7 8 2 6 8 .9 7 2 7 6 .6 7 2 7 4 .4 0 2 2 4 .9 4 2 3 7 .4 0 2 3 2 .9 6 2 3 3 .7 4 2 3 4 .7 2 2 3 6 .4 2 2 3 6 .8 8 2 3 7 .6 6 2 3 7 .6 6 2 3 9 .0 4 2 4 2 ,3 9 2 4 1 .5 7 2 4 2 .5 4 2 4 5 .4 8 2 4 4 .4 0 R u b b e r a n d m i s c e lla n e o u s F IN A N C E , IN S U R A N C E , A N D R E A L E S T A T E . S E R V IC E S 1 N o t a v a ila b le . p = p r e lim in a r y . 17. NO TE: S e e “ N o te s o n t h e d a t a " f o r a d e s c r ip tio n o f t h e m o s t r e c e n t b e n c h m a r k r e v is io n . Indexes of diffusion: industries in which employment increased [In p e r c e n t] T im e Year Jan. span . Feb. M a r. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. D ec. O ver 1982 4 5 .4 3 6 .0 3 9 .0 4 7 .6 3 2 .8 3 8 .4 3 7 .1 3 4 .1 2 9 .3 3 2 .0 4 2 .2 1 -m o n th 1983 . . . . 5 6 .5 4 5 .7 6 2 .4 6 9 .1 7 1 .0 6 4 .5 6 8 .5 6 8 .0 6 0 .8 7 0 .7 6 4 .5 6 4 .0 span 1984 . . . . P 6 7 .2 P 7 0 .2 — — — — — — — — — — 2 8 .5 O ver 1982 . . . 2 5 .3 2 8 .8 3 2 .0 3 4 .1 3 2 .5 3 3 .6 2 7 .2 2 7 .2 2 6 .1 2 5 .5 2 4 .7 4 0 .6 3 -m o n th 1983 . . . . P 7 8 .5 5 5 .1 6 5 .6 7 5 .8 7 6 .1 7 7 .2 7 3 .9 7 9 .6 7 9 .6 7 4 .2 7 2 .0 P 7 4 .2 3 5 .8 span O ver 1982 . . . . 2 0 .2 2 3 .7 2 5 .3 2 9 .8 2 6 .1 2 6 .1 2 3 .4 1 9 .1 2 1 .2 2 6 .1 2 6 .6 6 -m o n th 1983 . . . . 5 0 .5 6 3 .2 7 3 .4 7 6 .3 7 9 .3 8 3 .6 8 2 .5 8 0 .4 8 2 .0 P 8 2 .8 P 8 2 .8 — 24 2 3 1 .5 3 7 .6 4 4 .1 span O ver 1982 . . . . 2 2 .0 2 0 .7 1 8 .0 1 9 .4 1 8 .3 2 0 .7 2 0 .7 22 8 1 2 -m o n th 1983 . . . . 4 8 .9 5 8 .3 6 2 .6 7 3 .4 7 6 .1 8 1 .2 P 8 4 .9 P 8 7 .1 — span p = p r e lim in a r y . NOTE: F ig u r e s a r e t h e p e r c e n t o f in d u s t r ie s w ith e m p lo y m e n t r is in g . ( H a lf o f th e u n c h a n g e d c o m p o n e n ts 70 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a re c o u n t e d a s r is in g . ) D a ta a r e c e n te r e d w i t h i n th e s p a n s . S e e t h e “ D e f in i t i o n s ” in t h is s e c tio n . S e e “ N o t e s ” o n th e d a t a ” f o r a d e s c r ip tio n o f t h e m o s t r e c e n t b e n c h m a r k r e v is io n . UNEMPLOYMENT INSURANCE DATA persons in unemployment insurance programs to indicate they are out of work and wish to begin receiving compensation. A claimant who continued to be unemployed a full week is then counted in the insured unemployment figure. The rate of insured unemployment expresses the number o f in sured unemployed as a percent of the average insured employment in a 12-month period. are c o m p ile d m o n th ly N a t io n a l u n e m p l o y m e n t in s u r a n c e d a t a by th e E m p lo y m e n t an d T ra in in g A d m in is tra tio n o f the U .S . D e p a rtm e n t o f L a b o r fro m m o n th ly re p o rts o f u n e m p lo y m e n t in su r a n c e a c tiv ity p re p a re d by S ta te a g e n c ie s. R a ilro a d u n e m p lo y m e n t in su ran ce d a ta are prep ared by the U .S . R ailroad R etirem ent B oard. Definitions Average weekly seasonally adjusted insured unemployment data are computed by BLS’ Weekly Seasonal Adjustment program. This procedure incorporated the X -l 1 Variant of the Census Method II Seasonal Adjust ment program. Data for all programs represent an unduplicated count of insured un employment under State programs. Unemployment Compensation for ExServicemen, and Unemployment Compensation for Federal Employees, and the Railroad Insurance Act. An application for benefits is filed by a railroad worker at the beginning o f his first period of unemployment in a benefit year; no application is required for subsequent periods in the same year. Number of payments are payments made in 14-day registration periods. The average amount of benefit payment is an average for all compensable periods, not adjusted for recovery of overpayments or settlement of underpayments. However, total benefits paid have been adjusted. Under both State and Federal unemployment insurance programs for civilian em ployees, insured workers must report the completion of at least 1 week of unemployment before they are defined as unemployed. Persons not covered by unemployment insurance (about 10 percent of the labor force) and those who have exhausted or not yet earned benefit rights are excluded from the scope of the survey. Initial claims are notices filed by 18. Unemployment insurance and employment service operations [All items except average benefits amounts are in thousands] 1984 1983 Ite m M ay A p r. M ar. Feb. Jan. Aug. J u ly June S e p t. O c t. Nov. J a n .P D ec. A ll p r o g r a m s : In s u r e d u n e m p l o y m e n t ........................................ 5 ,4 5 9 5 ,4 3 7 5 ,1 3 4 4 ,6 4 2 3 ,9 4 7 3 ,4 8 1 3 ,2 7 5 2 ,9 1 7 2 ,5 8 0 2 ,4 7 8 2 ,6 2 0 2 ,9 1 5 3 ,3 7 4 3 ,1 4 3 2 ,0 6 5 2 ,0 7 5 1 ,8 7 4 1 ,6 6 6 1 ,7 4 0 1 ,8 0 4 1 ,6 6 8 1 ,3 8 1 1 ,5 2 2 r 1 ,7 5 7 2 ,1 0 5 2 ,3 4 8 2 ,4 4 9 2 ,3 5 8 S ta te u n e m p lo y m e n t in s u r a n c e p r o g r a m : 1 I n itia l c la i m s 2 .............................................................. I n s u r e d u n e m p lo y m e n t ( a v e ra g e 4 ,9 2 3 w e e k ly v o lu m e ) ..................................................... 4 ,7 5 9 3 ,0 4 9 3 ,0 6 3 3 ,3 6 1 3 ,9 0 6 4 ,4 0 1 2 ,7 6 6 2 ,5 0 8 2 ,8 0 5 3 ,2 4 9 R a te o f in s u r e d u n e m p l o y m e n t ...................... 5 .6 5 .5 5 .0 4 .5 3 .9 3 .5 3 .5 3 .2 2 .8 2 .7 2 .9 3 .3 3 .8 W e e k s o f u n e m p lo y m e n t c o m p e n s a t e d . . . 1 8 ,3 0 7 1 6 ,8 9 5 1 9 ,5 2 9 1 4 ,9 8 6 1 3 ,1 3 3 1 2 ,8 1 9 1 0 ,9 5 9 1 1 ,3 0 5 r9 ,3 8 3 8 ,4 1 7 r9 , 3 0 1 1 0 ,1 6 8 1 2 ,0 1 2 $ 1 2 1 .3 6 r $ 1 2 3 .0 0 r$ 1 2 2 .1 9 $ 1 2 2 .6 1 $ 1 2 3 .1 6 $ 1 , 1 0 4 , 3 6 2 r $ 1 ,0 0 2 ,1 4 1 r $ 1 , 0 9 9 ,8 6 2 $ 1 ,2 0 3 ,6 0 5 $ 1 ,4 2 6 ,6 9 7 A v e r a g e w e e k ly b e n e f it a m o u n t ............................... $ 1 2 4 .2 9 $ 1 2 4 .4 7 $ 1 2 5 .4 7 $ 1 2 4 .8 5 $ 1 2 4 .4 9 $ 1 2 3 .4 4 $ 1 2 1 .5 9 $ 1 2 1 .4 2 ................................................ $ 2 ,2 0 5 ,5 5 1 $ 2 ,0 5 2 ,4 1 5 $ 2 ,3 6 7 ,7 5 2 $ 1 ,8 1 6 ,5 3 9 $ 1 ,5 8 7 ,8 8 8 $ 1 ,5 4 9 ,7 5 8 $ 1 ,2 9 8 ,1 8 9 $ 1 ,3 3 7 ,4 4 2 2 ,1 8 7 2 ,1 3 8 2 ,1 4 8 1 ,9 5 2 1 ,9 9 3 1 ,8 3 6 1 ,7 2 3 1 ,8 4 1 1 ,6 6 4 1 ,6 5 6 r 1 ,7 1 7 1 ,6 2 0 1 ,6 0 1 w e e k ly v o l u m e ) ..................................................... 3 ,9 8 0 3 ,9 7 9 3 ,8 8 4 3 ,7 7 4 3 ,5 3 8 3 ,3 0 1 3 ,3 0 3 3 ,0 2 6 3 ,0 8 8 2 ,6 1 7 2 ,6 7 .7 2 ,7 2 1 2 ,4 8 6 R a te o f In s u r e d u n e m p l o y m e n t ...................... 4 .6 4 .6 4 .5 4 .3 4 .1 3 .8 3 .8 3 .5 3 .6 3 .1 3 .1 3 .2 2 .9 21 16 18 15 14 16 16 19 17 16 15 14 15 f o r t o ta l u n e m p lo y m e n t T o t a l b e n e f it s p a id S ta te u n e m p lo y m e n t in s u r a n c e p r o g r a m : 1 ( S e a s o n a lly a d ju s t e d d a ta ) I n itia l c la i m s 2 .............................................................. I n s u r e d u n e m p lo y m e n t ( a v e ra g e U n e m p lo y m e n t c o m p e n s a tio n f o r e x s e r v ic e m e n : 3 I n itia l c la i m s 1 .............................................................. In s u r e d u n e m p lo y m e n t ( a v e ra g e 34 30 26 25 25 26 27 28 28 27 27 w e e k ly v o l u m e ) ..................................................... 37 37 W e e k s o f u n e m p lo y m e n t c o m p e n s a t e d . .. 134 143 156 117 104 107 94 108 106 r 107 r 1 16 113 112 $ 1 6 ,8 0 7 $ 1 8 ,0 3 2 $ 1 9 ,5 8 8 $ 1 4 ,7 7 6 $ 1 3 ,1 1 1 $ 1 3 ,5 8 8 $ 1 2 ,1 1 8 $ 1 3 ,8 5 5 $ 1 3 ,5 1 9 r$ 1 4 , 0 7 4 r$ 1 5 ,1 2 1 r$ 1 4 , 8 1 5 $ 1 4 ,5 3 9 16 10 11 10 9 13 12 11 11 15 13 13 16 T o ta l b e n e f it s p a id ................................................ U n e m p lo y m e n t c o m p e n s a tio n f o r F e d e r a l c iv ilia n e m p lo y e e s : 4 I n itia l c l a i m s .................................................................. I n s u r e d u n e m p lo y m e n t ( a v e ra g e w e e k ly v o l u m e ) ..................................................... W e e k s o f u n e m p lo y m e n t c o m p e n s a t e d . . T o ta l b e n e f it s p a id ................................................ 35 33 31 26 22 21 23 22 22 25 27 32 29 142 131 146 109 93 90 85 94 83 88 r110 119 131 $ 1 6 ,0 4 5 $ 1 5 ,0 8 3 $ 1 6 ,8 7 1 $ 1 2 ,4 2 2 $ 1 0 ,6 0 3 $ 1 0 ,2 7 2 $ 9 ,6 4 0 $ 1 0 ,7 6 0 $ 9 ,5 2 2 r$ 1 0 , 1 4 4 r$ 1 2 , 4 1 5 $ 1 3 ,8 8 8 $ 1 5 ,3 1 8 R a ilr o a d u n e m p lo y m e n t in s u r a n c e : A p p l i c a t i o n s .................................................................. 20 7 8 94 4 30 55 14 9 7 8 8 10 102 72 65 79 90 49 49 46 41 48 40 43 51 I n s u r e d u n e m p lo y m e n t ( a v e ra g e w e e k ly v o l u m e ) ..................................................... N u m b e r o f p a y m e n t s ............................................ A v e r a g e a m o u n t o f b e n e f it p a y m e n t T o ta l b e n e f it s p a id . . . ................................................. 219 158 172 183 123 107 103 92 92 95 121 $ 2 2 0 .3 2 $ 2 1 4 .5 4 $ 2 1 3 .4 4 $ 2 0 3 .8 7 $ 2 1 5 .1 5 $ 2 0 3 .5 4 $ 1 9 9 .8 7 $ 2 1 4 .2 1 $ 2 1 4 .7 7 $ 2 1 1 .4 1 $ 2 1 2 .3 6 $ 2 1 3 .7 1 $ 2 1 0 .7 3 $ 3 3 ,1 0 0 $ 3 6 ,2 4 3 $ 2 7 ,7 8 3 $ 2 9 ,4 1 1 $ 1 4 ,9 8 4 $ 1 7 ,5 5 1 $ 2 1 ,7 8 9 $ 2 0 ,2 3 9 $ 1 9 ,5 3 1 $ 1 9 ,5 3 6 $ 1 9 ,8 7 0 $ 2 3 ,8 6 6 $ 4 4 ,5 1 4 169 92 E m p lo y m e n t s e r v i c e : 5 N e w a p p lic a tio n s a n d r e n e w a l s ...................... 8 ,3 8 1 N o n f a r m p la c e m e n t s 1 ,1 8 4 ............................................ 1 in i t i a l c la i m s a n d S ta te in s u r e d u n e m p lo y m e n t in c lu d e d a ta u n d e r t h e p r o g r a m f o r P u e r to R ic a n s u g a rc a n e w o rk e rs . .. . . 1 1 ,9 8 7 1 5 ,5 9 5 P 3 .7 7 5 1 ,9 2 1 3 ,0 1 2 P677 ^ C u m u la tiv e t o ta l f o r f is c a l y e a r ( O c to b e r 1 - S e p te m b e r 3 0 ) . D a ta c o m p u te d q u a r te r ly . N O TE: D a ta f o r P u e r to R ic o a n d t h e V i r g i n I s la n d s in c lu d e d . D a s h e s in d ic a te d a ta n o t a v a ila b le . 2 Excludes transition claims under State programs. E x c l u d e s d a ta o n c la i m s a n d p a y m e n ts m a d e jo i n t l y w ith o t h e r p r o g r a m s . P = p r e lim in a r y . ^ E x c lu d e s d a ta o r c la im s a n d p a y m e n ts m a d e j o i n t l y w ith S ta te p r o g r a m s . r = r e v is e d . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 71 PRICE DATA P r ic e data are g a th e re d by th e B u re au o f L a b o r S ta tistic s fro m re ta il a n d p rim a ry m ark e ts in th e U n ited S ta te s. P ric e in d ex e s are g iv e n in re la tio n to a b ase p e rio d (1 9 6 7 = n o ted ). 100, u n le s s o th e rw ise Definitions The Consumer Price Index is a monthly statistical measure of the average change in prices in a fixed market basket of goods and services. Effective with the January 1978 index, the Bureau of Labor Statistics began pub lishing CPI’s for two groups of the population. It introduced a CPI for All Urban Consumers, covering 80 percent of the total noninstitutional pop ulation, and revised the CPI for Urban Wage Earners and Clerical Workers, covering about half the new index population. The All Urban Consumers index covers in addition to wage earners and clerical workers, professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, retirees, and others not in the labor force. The CPI is based on prices of food, clothing, shelter, fuel, drugs, transportation fares, doctors’ and dentists’ fees, and other goods and ser vices that people buy for day-to-day living. The quantity and quality of these items is kept essentially unchanged between major revisions so that only price changes will be measured. Data are collected from more than 24,000 retail establishments and 24,000 tenants in 85 urban areas across the country. All taxes directly associated with the purchase and use of items are included in the index. Because the CPI’s are based on the ex penditures o f two population groups in 1972-73, they may not accurately reflect the experience of individual families and single persons with dif ferent buying habits. Though the CPI is often called the “ Cost-of-Living Index,” it measures only price change, which is just one of several important factors affecting living costs. Area indexes do not measure differences in the level of prices among cities. They only measure the average change in prices for each area since the base period. Producer Price Indexes measure average changes in prices received in primary markets of the United States by products of commodities in all stages o f processing. The sample used for calculating these indexes contains about 2,800 commodities and about 10,000 quotations per month selected to represent the movement of prices of all commodities produced in the manufacturing, agriculture, forestry, fishing, mining, gas and electricity, and public utilities sectors. The universe includes all commodities produced or imported for sale in commercial transactions in primary markets in the United States. Producer Price Indexes can be organized by stage of processing or by commodity. The stage of processing structure organizes products by degree o f fabrication (that is, finished goods, intermediate or semifinished goods, and crude materials). The commodity structure organizes products by sim ilarity o f end-use or material composition. 72 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis To the extent possible, prices used in calculating Producer Price Indexes apply to the first significant commercial transaction in the United States, from the production or central marketing point. Price data are generally collected monthly, primarily by mail questionnaire. Most prices are ob tained directly from producing companies on a voluntary and confidential basis. Prices generally are reported for the Tuesday of the week containing the 13th day of the month. In calculating Producer Price Indexes, price changes for the various commodities are averaged together with implicit quantity weights repre senting their importance in the total net selling value of all commodities as of 1972. The detailed data are aggregated to obtain indexes for stage of processing groupings, commodity groupings, durability of product groupings, and a number of special composite groupings. Price indexes for the output of selected SIC industries measure av erage price changes in commodities produced by particular industries, as defined in the S t a n d a r d I n d u s t r i a l C la s s i f i c a t i o n M a n u a l 1 9 7 2 (Washing ton, U .S. Office of Management and Budget, 1972). These indexes are derived from several price series, combined to match the economic activity of the specified industry and weighted by the value of shipments in the industry. They use data from comprehensive industrial censuses conducted by the U .S. Bureau of the Census and the U .S. Department of Agriculture. Notes on the data Regional CPI’s cross classified by population size were introduced in the May 1978 R e v i e w . These indexes enable users in local areas for which an index is not published to get a better approximation of the CPI for their area by using the appropriate population size class measure for their region. The cross-classified indexes are published bimonthly. (See table 20.) For details concerning the 1978 revision of the CPI, see T h e C o n s u m e r P r i c e I n d e x : C o n c e p t s a n d C o n t e n t O v e r th e Y e a r s , Report 517, revised edition (Bureau of Labor Statistics, May 1978). As of January 1976, the Producer Price Index incorporated a revised weighting structure reflecting 1972 values of shipments. Additional data and analyses of price changes are provided in the C P I D e t a i l e d R e p o r t and P r o d u c e r P r i c e s a n d P r i c e I n d e x e s , both monthly publications of the Bureau. For a discussion of the general method of computing producer, and industry price indexes, see B L S H a n d b o o k o f M e t h o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 7. For consumer prices, see B L S H a n d b o o k o f M e t h o d s f o r S u r v e y s a n d S t u d i e s (1976), chapter 13. See also John F. Early, ‘‘Improving the measurement of producer price change,” M o n t h l y L a b o r R e v i e w , April 1978. For industry prices, see also Bennett R. Moss, ‘‘Industry and Sector Price Indexes,” M o n t h l y L a b o r R e v i e w , August 1965. 19. Consumer Price Index for Urban Wage Earners and Clerical Workers, annual averages and changes, 1967-83 [1967 = 100] O th e r g o o d s A p p a re l an d Food and A ll it e m s E n t e r ta in m e n t M e d ic a l c a re T ra n s p o rta tio n H o u s in g a n d s e rv ic e s upkeep b e v e ra g e s Year P erce n t In d e x P erce n t In d e x P e rc e n t In d e x change change 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 P e rc e n t change change change In d e x In d e x In d e x In d e x change P e rc e n t P erce n t P erce n t P erce n t In d e x change change 1 0 0 .0 1967 ........................... 1 0 0 .0 1968 ........................... 1 0 4 .2 4 .2 1 0 3 .6 3 .6 1 0 4 .0 4 .0 1 0 5 .4 5 .4 1 0 3 .2 3 .2 1 0 6 .1 6 .1 1 0 5 .7 5 .7 1 0 5 .2 5 .2 1969 ........................... 1 0 9 .8 5 .4 1 0 8 .8 5 .0 1 1 0 .4 6 .2 1 1 1 .5 5 .8 1 0 7 .2 3 .9 1 1 3 .4 6 .9 1 1 1 .0 5 .0 1 1 0 .4 4 .9 1970 ........................... 1 1 6 .3 5 .9 1 1 4 .7 5 .4 1 1 8 .2 7 .1 1 1 6 .1 4 ,1 1 1 2 .7 5 .1 1 2 0 .6 6 .3 1 1 6 .7 5 .1 1 1 5 .8 5 .8 5 .2 1 2 8 .4 6 .5 1 2 2 .9 5 .3 1 2 2 .4 4 .8 ........................... 1 2 1 .3 4 .3 1 1 8 .3 3 .1 1 2 3 .4 4 .4 1 1 9 .8 ........................... 1 2 5 .3 3 .3 1 2 3 .2 4 .1 1 2 8 .1 3 .8 1 2 2 .3 2 .1 1 1 9 .9 1 .1 1 3 2 .5 3 .2 1 2 6 .5 2 .9 1 2 7 .5 4 .2 1973 ........................... 1 3 3 .1 6 .2 1 3 9 .5 1 3 .2 1 3 3 .7 4 .4 1 2 6 .8 3 .7 1 2 3 .8 3 .3 1 3 7 .7 3 .9 1 3 0 .0 2 .8 1 3 2 .5 3 .9 1974 ........................... 1 4 7 .7 1 1 .0 1 5 8 .7 1 3 .8 1 4 8 .8 1 1 .3 1 3 6 .2 7 .4 1 3 7 .7 1 1 .2 1 5 0 .5 9 .3 1 3 9 .8 7 .5 1 4 2 .0 7 .2 1 6 8 .6 1 2 .0 1 5 2 .2 8 .9 1 5 3 .9 8 .4 1975 1 6 1 .2 ........................... 9 .1 1 7 2 .1 8 .4 1 0 .6 1 6 4 ,5 3 .3 1 1 8 .6 1971 1972 1 4 2 .3 4 .5 1 5 0 .6 9 .4 1976 ........................... 1 7 0 .5 5 .8 1 7 7 .4 3 .1 1 7 4 .6 6 .1 1 4 7 .6 3 .7 1 6 5 .5 9 .9 1 8 4 .7 9 .5 1 5 9 .8 5 .0 1 6 2 .7 5 .7 1977 ........................... 1 8 1 .5 6 .5 1 8 8 .0 8 .0 1 8 6 .5 6 .8 1 5 4 .2 4 .5 1 7 7 .2 7 .1 2 0 2 .4 9 .6 1 6 7 .7 4 .9 1 7 2 .2 5 .8 8 .4 1 7 6 .2 6 .4 1978 ........................... 1 9 5 .3 7 .6 2 0 6 .2 9 .7 2 0 2 .6 8 .6 1 5 9 .5 3 .4 1 8 5 .8 4 .9 2 1 9 .4 5 .1 1 8 3 .2 1979 ........................... 2 1 7 .7 1 1 .5 2 2 8 .7 1 0 .9 2 2 7 .5 1 2 .3 1 6 6 .4 4 .3 2 1 2 .8 1 4 .5 2 4 0 .1 9 .4 1 8 7 .6 6 .5 1 9 6 .3 7 .2 1980 ........................... 2 4 7 .0 1 3 .5 2 4 8 .7 8 .7 2 6 3 .2 1 5 .7 1 7 7 .4 6 .6 2 5 0 .5 1 7 .7 2 8 7 .2 1 1 .3 2 0 3 .7 8 .5 2 1 3 .6 8 .8 1981 ........................... 2 7 2 .3 1 0 .2 2 6 7 .8 7 .7 2 9 3 .2 1 1 .4 1 8 6 .6 5 .2 2 8 1 .3 1 2 .3 2 9 5 .1 1 0 .4 219 0 7 .5 2 3 3 .3 9 .2 1982 ........................... 2 8 8 .6 6 .0 2 7 8 .5 4 .0 3 1 4 .7 7 .3 1 9 0 .9 2 .3 2 9 3 .1 4 .2 3 2 6 .9 1 0 .8 2 3 2 .4 6 .1 2 5 7 .0 1 0 .2 1983 ........................... 2 9 7 .4 3 .0 2 8 4 .7 2 .2 3 2 2 .0 2 .3 1 9 5 .6 2 .5 3 0 0 .0 2 .4 3 5 5 .1 8 .6 2 4 2 .4 4 .3 2 8 6 .3 1 1 .4 20. Consumer Price Index for All Urban Consumers and revised CPI for Urban Wage Earners and Clerical Workers, U.S. city average— general summary and groups, subgroups, and selected items [1967 = 100 unless otherwise specified] A ll U r b a n C o n s u m e rs G e n e ra l s u m m a ry Jan. Aug. S e p t. A l l i t e m s .............................................................................................................................................................................................. 2 9 3 .1 3 0 0 .3 F o o d a n d b e v e ra g e s .................................................................................................................................... 2 8 0 .7 2 8 4 .9 .............................................................................................................................................................. 3 1 7 .9 A p p a r e l a n d u p k e e p .................................................................................................................................... 1 9 1 .0 H o u s in g U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1984 1983 O c t. Nov. 3 0 1 .8 3 0 2 .6 3 0 3 .1 2 8 5 .3 2 8 5 .7 2 8 5 .3 3 2 4 .8 3 2 6 .4 3 2 6 .8 3 2 7 .0 1 9 7 .3 2 0 0 .4 200 7 2 0 0 .7 D ec. 1983 Jan. Jan. 3 0 3 .5 3 0 5 .2 2 9 2 .1 2 8 6 .5 2 9 1 .6 2 8 1 .1 3 2 7 .4 3 2 9 .2 3 1 7 .0 1 9 9 .3 1 9 6 .4 1 9 0 .0 Aug. 1984 S e p t. O c t. Nov. Dec 2 9 9 .5 3 0 0 .8 3 0 1 .3 3 0 1 .4 3 0 1 .5 3 0 2 .7 285 1 2 8 5 .6 2 8 5 .9 2 8 5 .6 2 8 6 .8 2 9 1 .9 3 2 4 .3 3 2 5 .3 3 2 5 .2 3 2 4 .5 3 2 4 .2 3 2 4 .7 1 9 6 .3 1 9 9 .3 1 9 9 .8 1 9 9 .7 1 9 8 .1 1 9 5 .3 Jan. T r a n s p o r t a t i o n ................................................................................................................................................. 2 9 3 .0 3 0 2 .4 3 0 3 .7 3 0 5 .0 3 0 6 .3 3 0 6 .3 3 0 6 .0 2 9 4 .3 3 0 4 .1 3 0 5 .5 3 0 6 .9 3 0 8 .2 3 0 8 .2 3 0 7 .9 M e d ic a l c a r e ...................................................................................................................................................... 3 4 7 .8 3 6 0 .0 3 6 1 .2 3 6 2 .9 3 6 4 .9 3 6 6 .2 3 6 9 .5 3 4 5 .3 3 5 7 .9 3 5 9 .2 3 6 0 .9 3 6 2 .9 3 6 4 .3 3 6 7 .5 E ntertainm ent ...................................................................................................................... 2 4 1 .5 2 4 6 .6 2 4 7 .5 2 4 9 .1 2 4 9 .5 2 4 9 .5 2 4 9 .9 2 3 7 .7 2 4 3 .1 2 4 4 .1 2 4 5 .4 2 4 5 .7 2 4 5 .8 2 4 6 .2 O t h e r g o o d s a n d s e r v i c e s ....................................................................................................................... 2 7 9 .9 2 8 9 .0 2 9 4 .4 2 9 6 .8 2 9 8 .1 2 9 8 .6 3 0 0 .5 2 7 7 .8 2 8 8 .0 2 9 2 .0 2 9 4 .1 2 9 5 .5 2 9 5 .9 2 9 8 .1 C o m m o d i t i e s ..................................................................................................................................................... 2 6 7 .2 2 7 3 .4 274 5 2 7 5 .0 2 7 5 .2 2 7 5 .5 2 7 6 .8 2 6 8 .0 2 7 5 .1 2 7 5 .9 2 7 6 .1 2 7 6 .2 2 7 6 .3 2 7 7 .3 C o m m o d itie s le s s f o o d a n d b e v e r a g e s ........................................................................... 2 5 6 .5 2 6 3 .6 2 6 5 .1 2 6 5 .8 2 6 6 .3 2 6 6 .0 265 2 2 5 7 .8 2 6 6 .1 2 6 7 .2 2 6 7 .3 2 6 7 .5 2 6 7 .1 2 6 6 .4 N o n d u r a b le s le s s fo o d a n d b e v e r a g e s ...................................................................... 2 6 7 .4 2 7 4 .7 2 7 5 .8 2 7 5 .2 2 7 4 .5 2 7 3 .5 2 7 2 .3 2 6 9 .3 2 7 6 .9 2 7 7 .9 2 7 7 .4 2 7 6 .6 2 7 5 .4 2 7 4 .2 D u r a b l e s ............................................................................................................................................ 2 4 7 .3 2 5 4 .3 2 5 6 .4 2 5 8 .7 2 6 1 .0 2 6 1 .8 2 6 1 .4 2 4 7 .3 2 5 6 .0 2 5 7 .0 2 5 7 .7 2 5 8 .7 2 5 8 .9 2 5 8 .4 S e r v ic e s ................................................ R e n t, r e s id e n t ia l ............................................................................................................................... H o u s e h o ld s e r v ic e s le s s r e n t o f s h e lt e r ( 1 2 /8 2 = 1 0 0 ) T r a n s p o r t a tio n s e r v ic e s ................................... 3 4 6 .8 3 4 9 .0 3 5 0 .2 3 5 1 .0 3 5 1 .6 3 5 3 .9 3 3 6 .9 3 4 4 .8 3 4 6 .9 3 4 8 .1 3 4 8 .2 3 4 8 .4 3 4 9 .8 2 3 8 .2 2 3 9 .5 2 4 0 .4 2 4 1 .3 2 4 2 .0 2 4 2 .9 2 3 1 .7 2 3 7 .6 2 3 8 .9 2 3 9 .8 2 4 0 .7 2 4 1 .3 2 4 2 .3 1 0 0 .9 1 0 4 .8 1 0 5 .1 1 0 4 .8 1 0 4 .2 1 0 4 .1 1 0 5 .1 3 0 0 .1 3 0 4 .0 3 0 5 .4 3 0 7 .8 3 1 0 .1 3 1 0 .8 3 1 4 .1 2 9 7 .1 3 0 0 .2 3 0 1 .4 3 0 3 .9 3 0 6 .0 3 0 6 .9 3 1 0 .3 3 7 7 .4 3 8 9 .8 391 0 392 9 3 9 5 .0 3 9 6 .3 4 0 0 .2 3 7 4 .0 3 8 7 .0 3 8 8 .3 3 9 0 .2 3 9 2 .3 3 9 3 .8 3 9 7 .5 2 7 1 .5 2 7 6 .9 282 5 2 8 5 .2 2 8 6 .5 2 8 7 .2 288 0 2 6 9 .1 2 7 4 .8 279 6 2 8 2 .2 2 8 3 .6 2 8 4 .3 2 8 5 .0 A ll it e m s le s s f o o d . . . . 2 9 2 .6 3 0 0 .5 3 0 2 .3 3 0 3 .2 3 0 3 .9 3 0 4 .0 3 0 4 .8 291 9 3 0 0 .0 3 0 1 .5 3 0 2 .1 3 0 2 .3 3 0 2 .1 3 0 2 .3 A ll it e m s le s s h o m e o w n e r s ' c o s ts 1 0 0 .2 1 0 2 .7 1 0 3 .2 1 0 3 .5 1 0 3 .6 1 0 3 .7 1 0 4 .3 2 7 8 .9 2 8 6 .3 2 8 7 .5 2 8 8 .1 2 8 8 .3 2 8 8 .5 2 9 0 .0 2 5 5 .7 263 9 2 6 4 .9 2 6 5 .1 2 6 4 .9 2 6 4 .2 M e d ic a l c a r e s e r v ic e s O th e r s e r v ic e s .............................................................................................................. 3 3 7 .9 2 3 2 .2 .............................................................. . . . . S p e c ia l in d e x e s : A ll it e m s le s s m o r t g a g e in t e r e s t c o s ts C o m m o d itie s le s s f o o d . . . . N o n d u r a b le s le s s f o o d .................. . . . 2 5 4 .4 2 6 1 .4 2 6 2 .9 2 6 3 .6 2 6 4 .1 2 6 3 .8 2 6 3 .0 2 6 4 .9 2 6 2 .4 2 6 9 .6 2 7 0 .6 2 7 0 .2 2 6 9 .5 2 6 8 .5 2 6 7 .4 2 6 4 .2 2 7 1 .7 2 7 2 .8 2 7 2 .3 2 7 1 .5 2 7 0 .4 2 6 9 .4 N o n d u r a b le s le s s f o o d a n d a p p a r e l . . . 3 0 3 .1 3 1 0 .9 3 1 1 .0 3 1 0 .2 3 0 9 .3 3 0 8 .6 3 0 8 .6 3 0 4 .4 3 1 2 .7 3 1 2 .8 3 1 1 .9 3 1 0 .9 3 1 0 .1 3 1 0 .0 N o n d u r a b l e s .................................................... 2 7 5 .2 2 8 1 .0 2 8 1 .8 2 8 1 .7 2 8 1 .1 2 8 1 .2 2 8 3 .2 2 7 6 .2 2 8 2 .1 2 8 2 .8 2 8 2 .7 2 8 2 .1 2 8 2 .2 2 8 4 .1 3 3 0 .7 3 3 8 .1 3 4 0 .2 3 4 1 .3 3 4 1 .3 3 4 1 .3 3 4 2 .6 2 7 6 .0 S e r v ic e s le s s r e n t o f s h e lt e r ( 1 2 / 8 2 = 1 0 0 ) 1 0 0 .7 1 0 3 .5 1 0 4 .2 1 0 4 .5 1 0 4 .7 1 0 4 .8 1 0 5 .7 S e r v ic e s le s s m e d ic a l c a r e 3 3 1 .4 3 3 9 .9 3 4 2 .2 3 4 3 .3 3 4 4 .1 3 4 4 .5 3 4 6 .6 2 6 5 .7 2 6 9 .2 ................................... D o m e s tic a lly p r o d u c e d f a r m f o o d s .................. 2 6 9 .2 2 6 8 .5 2 6 8 .0 2 6 8 .1 2 6 7 .4 2 6 6 .7 2 6 8 .7 S e le c te d b e e f c u t s ......................................................... 2 7 1 .2 2 7 0 .5 267 5 2 6 5 .6 2 6 5 .3 2 6 5 .5 2 7 4 .6 2 7 2 .5 2 7 1 .6 2 6 8 .9 2 6 6 .7 2 6 6 .4 2 6 6 .6 2 7 5 .8 E n e rg y 1 4 1 4 .5 4 2 9 .8 4 2 9 .3 4 2 5 .1 4 1 9 .9 4 1 8 .0 4 1 6 .7 4 1 5 .1 4 3 0 .7 4 3 0 .2 4 2 5 .8 4 2 0 .8 4 1 8 .7 4 1 7 .0 4 1 4 .9 4 2 3 .7 4 2 2 .1 4 1 8 .2 4 1 4 .4 4 1 1 .8 4 0 9 .9 4 1 5 .2 4 2 4 .9 4 2 3 .4 4 1 9 .6 4 1 5 .8 4 1 2 .9 4 1 0 .7 283 8 2 9 0 .3 2 9 2 .1 293 4 2 9 4 .4 2 9 5 .0 2 9 7 .0 2 8 2 .2 2 8 8 .8 2 9 0 .3 2 9 1 .3 2 9 1 .8 2 9 2 .1 2 9 3 .5 2 8 1 .1 2 8 8 .2 ........................................................................................ E n e r g y c o m m o d it ie s 1 ............................................................. A ll it e m s le s s e n e r g y ................................................................................... A ll I te m s le s s f o o d a n d e n e r g y ......................................................... 2 9 0 .2 2 9 1 .8 2 6 7 .7 2 9 3 .2 2 6 9 .7 2 9 3 .6 2 7 7 .2 2 9 4 .6 2 6 5 .0 2 7 9 .3 2 8 6 .6 288 3 2 8 9 .5 2 9 0 .3 2 9 0 .3 2 9 0 .7 C o m m o d itie s le s s f o o d a n d e n e r g y ....................................... 2 3 7 .1 2 4 4 .2 2 4 6 .2 2 4 7 .6 2 4 8 .9 2 4 9 .0 2 4 8 .3 2 3 7 .1 2 4 5 .1 246 4 2 4 7 .1 2 4 7 .8 2 4 7 .7 247 2 S e r v ic e s le s s e n e r g y ......................................................................................................... 3 3 1 .8 3 3 9 .3 3 4 1 .6 3 4 3 .3 3 4 4 .9 3 4 5 .5 3 4 8 .1 3 3 0 .5 3 3 6 .8 3 3 9 .0 3 4 0 .8 3 4 1 .6 3 4 1 .8 3 4 3 .4 $ 0 .3 4 1 $ 0 .3 3 3 $ 0 .3 3 1 $ 0 .3 3 0 $ 0 .3 3 0 $ 0 .3 2 9 $ 0 .3 2 8 $ 0 .3 4 2 $ 0 .3 3 4 $ 0 .3 3 2 $ 0 .3 3 2 $ 0 .3 3 2 $ 0 .3 3 2 $ 0 .3 3 0 P u r c h a s in g p o w e r o f t h e c o n s u m e r d o lla r , 1 9 6 7 = $ 1 ...................... S e e f o o t n o t e s a t e n d o f t a b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 73 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Consumer Prices 20. Continued— Consumer Price Index— U.S. city average [1967 = 100 unless otherwise specified] A ll U r b a n C o n s u m e rs G e n e ra l s u m m a ry U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1983 1984 1983 1984 Jan. Aug. S e p t. O c t. Nov. D ec. Jan. Jan. Aug. S e p t. O c t. Nov. Dec Jan. FOOD AN D BEVERAG ES 2 8 0 .7 2 8 4 .9 2 8 5 .3 2 8 5 .7 2 8 5 .3 2 8 6 .5 2 9 1 .6 2 8 1 .1 2 8 5 .1 2 8 5 .6 2 8 5 .9 2 8 5 .6 2 8 6 .8 2 9 1 .9 F o o d ......................................................................................................................................................................................................... 2 8 8 .1 2 9 2 .2 2 9 2 .6 2 9 2 .9 2 9 2 .5 2 9 3 .9 2 9 9 .4 2 8 8 .4 2 9 2 .2 2 9 2 .6 2 9 2 .9 2 9 2 .6 2 9 4 .0 2 9 9 .4 Food at hom e 2 7 9 .3 ................................................................................................................................................. C e r e a ls a n d b a k e r y p r o d u c ts 2 8 2 .5 2 8 2 .5 2 8 2 .3 2 8 1 .4 2 8 3 .0 2 9 0 .2 2 7 8 .6 2 8 1 .5 2 8 1 .5 2 8 1 .3 2 8 0 .5 2 8 2 .1 2 8 9 .1 2 8 7 .8 2 9 4 .0 2 9 3 .7 2 9 4 .0 2 9 5 .7 2 9 7 .1 2 9 9 .8 2 8 4 .9 2 9 2 .5 2 9 2 .3 2 9 2 .6 2 9 4 .3 2 9 5 .7 2 9 8 .3 ................................................ 1 5 4 .0 1 5 8 .6 1 5 8 .5 1 5 8 .1 1 5 7 .9 1 5 8 .2 1 5 9 .3 1 5 4 .8 1 5 9 .5 1 5 9 .3 1 5 8 .8 1 5 8 .6 1 5 8 .9 1 6 0 .0 1 0 0 ) ............................... 1 4 0 .3 1 4 3 .9 1 4 2 .9 1 4 1 .4 1 4 0 .8 1 4 0 .1 1 4 3 .0 1 4 0 .6 1 4 4 .6 1 4 3 .4 1 4 1 .9 1 4 1 .3 1 4 0 .4 1 4 3 .3 1 8 0 .1 1 8 0 .8 ................................................................................................. C e r e a ls a n d c e r e a l p r o d u c t s ( 1 2 / 7 7 = 100) F lo u r a n d p r e p a r e d f lo u r m ix e s ( 1 2 / 7 7 = C e re a l ( 1 2 /7 7 = 100) ........................................................................................ R ic e , p a s ta , a n d c o r n m e a l ( 1 2 /7 7 = B a k e r y p r o d u c ts ( 1 2 / 7 7 = 100) ........................................ 1 6 8 .1 1 7 7 .2 1 7 7 .5 1 7 7 .6 1 7 7 .3 1 7 8 .0 1 7 8 .6 1 7 0 .3 1 7 9 .5 1 7 9 .7 1 7 9 .8 1 7 9 .4 1 4 6 .5 1 4 5 .6 1 4 6 .0 1 4 5 .5 1 4 6 .1 1 4 6 .8 1 4 6 .7 1 4 7 .6 1 4 6 .8 1 4 7 .1 1 4 6 .6 1 4 7 .2 1 4 8 .0 1 4 7 .9 1 0 0 ) ............................................................................... 1 5 1 .7 1 5 4 .5 1 5 4 .4 1 5 4 .8 1 5 6 .0 1 5 6 .9 1 5 8 .4 1 5 0 .5 1 5 3 .3 1 5 3 .1 1 5 3 .5 1 5 4 .8 1 5 5 .7 1 5 7 .1 W h it e b r e a d .................................................................................................................. 2 4 8 .9 2 5 3 .1 2 5 2 .9 2 5 4 .4 2 5 7 .0 2 5 7 .4 2 5 9 .1 2 4 4 .6 2 4 8 .7 2 4 8 .5 2 5 0 .0 2 5 2 .7 2 5 3 .2 2 5 4 .8 O th e r b re a d s ( 1 2 /7 7 = 1 4 7 .7 1 5 0 .1 1 4 9 .8 1 4 9 .8 1 5 1 .9 1 5 2 .0 1 5 2 .2 1 5 1 .9 1 5 4 .1 1 5 5 .8 1 0 0 ) ........................................................................... 1 5 3 .7 1 4 9 .7 1 5 1 .8 1 5 4 .1 F re s h b is c u its , r o lls , a n d m u ff in s ( 1 2 /7 7 = 100) ...................... 1 5 2 .6 1 5 3 .4 1 5 2 .6 1 5 4 .4 1 5 5 .7 1 5 7 .8 1 5 7 .9 1 4 8 .6 1 4 9 .6 1 4 8 .7 1 5 0 .6 1 5 1 .7 1 5 3 .7 F re s h c a k e s a n d c u p c a k e s ( 1 2 /7 7 = ........................................ 1 5 3 .1 1 5 4 .9 1 5 5 .2 1 5 6 .2 1 5 7 .9 1 5 9 .7 1 6 1 .5 1 5 1 .3 1 5 3 .3 1 5 3 .5 1 5 4 .5 1 5 6 .2 1 5 7 .9 1 5 9 .5 .................................................................................... 1 5 3 .6 1 5 7 .6 1 5 7 .6 1 5 6 .0 1 5 7 .6 1 5 9 .2 1 6 1 .1 1 5 4 .6 1 5 8 .5 1 5 8 .6 1 5 6 .8 1 5 8 .4 1 5 9 .9 1 6 1 .9 C o o k ie s ( 1 2 /7 7 = 100) 100) C r a c k e r s , b r e a d , a n d c r a c k e r p r o d u c ts ( 1 2 / 7 7 = 100) F r e s h s w e e t r o lls , c o ffe e c a k e , a n d d o n u t s ( 1 2 /7 7 = 100) 1 5 3 .9 . . . 1 4 4 .9 1 5 1 .4 1 4 8 .3 1 4 7 .7 1 4 7 .8 1 4 8 .1 1 5 1 .2 1 4 6 .4 1 5 2 .8 1 4 9 .5 1 4 9 .1 1 4 9 .2 1 4 9 .6 1 5 2 .6 . . 1 5 2 .3 1 5 5 .3 1 5 5 .9 1 5 5 .8 1 5 6 .8 1 5 7 .7 1 5 9 .7 1 5 4 .9 1 5 8 .0 1 5 8 .6 1 5 8 .5 1 5 9 .6 1 6 0 .4 1 6 2 .4 1 5 4 .9 1 5 6 .5 F r o z e n a n d r e fr ig e r a te d b a k e r y p r o d u c ts a n d f r e s h p ie s , t a r t s , a n d t u r n o v e r s ( 1 2 / 7 7 = M e a ts , p o u l t r y , f is h , a n d e g g s 100) ...................... 1 5 6 .8 1 5 9 .4 1 6 1 .3 1 6 1 .9 1 6 0 .6 1 6 1 .5 1 6 3 .3 1 4 9 .8 1 5 2 .5 1 5 4 .3 1 5 4 .9 1 5 4 .0 ............................................................................................ 2 6 3 .0 2 5 8 .8 2 5 8 .7 2 5 7 .1 2 5 6 .6 2 5 9 .3 2 6 8 .9 2 6 2 .8 2 5 8 .4 2 5 8 .4 2 5 6 .6 2 5 6 .1 M e a ts , p o u l t r y , a n d f i s h ................................................................................................. 2 5 8 .6 2 6 8 .3 2 7 0 .3 2 6 5 .0 2 6 4 .2 2 6 1 .9 2 6 0 .8 2 6 1 .8 2 6 9 .8 2 7 0 .0 2 6 4 .4 2 6 3 .8 2 6 1 .4 2 6 0 .2 2 6 1 .0 2 6 9 .1 ................................................................................................................................ 2 7 2 .2 2 6 4 .2 2 6 2 .6 2 6 0 .4 2 5 8 .6 2 5 8 .3 2 6 6 .4 2 7 1 .8 2 6 3 .7 2 6 2 .2 2 6 0 .0 2 5 8 .1 2 5 7 .7 2 6 5 .8 B e e f a n d v e a l ......................................................................................................... 2 7 1 .3 2 7 0 .7 2 6 8 .0 2 6 6 .2 2 6 5 .7 2 6 6 .0 2 7 4 .9 2 7 1 .8 2 7 1 .1 2 6 8 .7 2 6 6 .7 2 6 6 .1 2 6 6 .4 2 7 5 .4 M e a ts G r o u n d b e e f o t h e r t h a n c a n n e d ......................................................... 2 6 2 .7 2 5 6 .5 2 5 4 .3 2 5 0 .9 2 5 1 .6 2 5 1 .3 2 5 6 .9 2 6 3 .7 2 5 8 .0 2 5 5 .9 2 5 2 .1 2 5 2 .5 2 5 1 .7 C h u c k ro a s t ..................................................................................................... 2 8 1 .7 2 7 2 .4 2 6 9 .5 2 6 5 .8 2 6 6 .2 2 6 6 .9 2 8 2 .8 2 9 0 .4 2 8 0 .6 2 7 7 .4 2 7 3 .1 2 7 4 .0 2 7 5 .2 2 9 1 .6 R o u n d r o a s t ..................................................................................................... 2 4 3 .3 2 3 2 .4 2 3 0 .3 2 3 4 .4 2 3 5 .3 2 3 1 .3 2 4 6 .2 2 4 6 .6 2 3 5 .0 232 8 2 3 7 .2 2 3 8 .1 2 3 3 .9 2 5 0 .0 257 7 R o u n d s t e a x ..................................................................................................... 2 5 5 .1 2 5 0 .3 2 4 7 .4 2 5 1 .5 2 5 0 .0 2 4 9 .9 2 5 6 .2 2 5 3 .0 2 4 8 .5 2 4 5 .7 2 5 0 .9 2 4 8 .6 2 4 8 .0 2 5 3 .0 S ir lo in s t e a k ..................................................................................................... 2 5 3 .1 2 8 0 .9 2 7 7 .3 2 6 8 .4 2 6 5 .3 2 6 2 .7 2 6 5 .7 2 5 4 .5 2 8 1 .8 2 8 0 .1 2 7 0 .1 2 6 6 .9 2 6 4 .1 2 6 6 .0 O t h e r b e e f a n d v e a l ( 1 2 /7 7 = ............................................ 1 6 3 .7 1 6 6 .6 1 6 4 .8 1 6 4 .0 1 6 3 .2 1 6 4 .7 1 6 9 .7 1 6 2 .1 1 6 5 .1 1 6 3 .7 1 6 2 .6 1 6 1 .8 1 6 3 .5 1 6 8 .5 P o r k ............................................................................................................................... 100) 2 7 2 .0 2 4 9 .6 2 5 0 .2 2 4 6 .4 2 4 1 .1 2 4 0 .3 2 5 0 .8 2 7 1 .4 2 4 9 .3 2 4 9 .7 2 4 6 .0 2 4 0 .7 2 3 9 .8 2 5 0 .1 Bacon .................................................................................................................. 2 9 0 .8 2 6 4 .7 2 6 9 .5 2 6 2 .5 2 5 3 .7 2 5 3 .0 2 5 9 .0 2 9 5 .5 2 6 8 .8 C hops .................................................................................................................. 2 7 3 .6 2 6 6 .4 2 5 6 .8 2 5 6 .4 2 6 2 .4 2 4 5 .6 2 3 2 .4 2 2 9 .6 2 2 7 .2 2 2 2 .3 2 1 9 .0 2 3 6 .5 2 4 3 .9 2 3 0 .5 2 2 7 .9 2 2 5 .6 2 2 0 .3 2 1 7 .5 2 3 4 .5 1 0 0 ) ................................... 1 2 9 .2 1 0 9 .6 1 1 1 .0 1 1 1 .6 1 0 9 .1 1 1 1 .8 1 1 3 .0 1 2 6 .0 1 0 6 .8 1 0 8 .1 1 0 8 .8 1 0 6 .4 1 0 8 .8 1 1 0 .0 .............................................................................................................. 3 3 3 .6 3 1 3 .9 3 1 1 .3 3 0 7 .4 3 0 5 .0 3 0 3 .4 3 1 1 .0 3 3 5 .0 3 1 5 .3 3 1 2 .2 3 0 8 .4 3 0 5 .9 3 0 4 .2 3 1 2 .2 C a n n e d h a m ..................................................................................................... 2 7 5 .2 2 5 4 .0 2 5 2 .8 2 5 1 .9 2 4 8 .0 2 4 6 .5 2 5 2 .4 2 7 9 .7 2 5 9 .8 2 5 8 .8 2 5 7 .7 2 5 4 ,3 H a m o t h e r t h a n c a n n e d ( 1 2 /7 7 = S ausage O th e r p o rk ( 1 2 /7 7 = O t h e r m e a ts F r a n k fu r te r s 100) 2 5 2 .0 2 5 7 .5 .................................................................. 1 4 7 .9 1 3 8 .4 1 3 9 .0 1 3 4 .4 1 3 1 .5 1 2 9 .9 1 3 9 .7 1 4 7 .1 1 3 7 .8 1 3 8 .2 1 3 3 .9 1 3 1 .1 1 2 9 .3 1 3 8 .9 ......................................................................................................... 2 6 9 .3 2 6 4 .6 2 6 2 .6 2 6 2 .2 2 6 2 .6 2 6 1 .3 2 6 2 .5 2 6 8 .7 2 6 4 ,4 2 6 2 .4 2 6 2 .0 2 6 2 .4 2 6 0 .7 2 6 2 .0 ..................................................................................................... 2 6 9 .7 2 6 6 .7 2 5 9 .8 2 6 0 .8 2 5 9 .7 2 5 9 .0 2 6 0 .0 2 6 8 .5 2 6 5 .9 2 5 8 .6 2 5 9 .7 2 5 8 .8 2 5 7 .5 2 5 8 .9 1 5 4 .0 1 5 3 .2 1 5 3 .0 1 5 2 .8 1 5 2 .8 1 5 0 .4 1 5 0 .6 1 5 3 .9 1 5 3 .3 1 5 2 .9 1 5 2 .8 1 5 2 .8 1 5 0 .2 1 5 0 .4 1 3 9 .9 1 3 6 .4 1 3 6 .1 1 3 5 .2 1 3 5 .8 1 3 4 .7 1 3 5 .2 1 3 7 .7 1 3 4 .5 1 3 4 .2 1 3 3 .3 1 3 3 .9 1 3 2 .8 1 3 3 .2 1 3 3 .7 1 3 4 .6 1 3 6 .1 1 3 7 .6 1 4 0 .3 1 3 6 .6 1 3 6 .9 1 3 6 .8 1 3 7 .8 1 3 9 .3 1 4 0 .9 B o lo g n a , liv e r w u r s t , a n d s a la m i ( 1 2 /7 7 = O t h e r lu n c h m e a t s ( 1 2 /7 7 = L a m b a n d o r g a n m e a ts ( 1 2 / 7 7 = 100) . . . . ................................................ 100) ................................... 1 3 7 .4 1 3 3 .8 1 3 3 .9 P o u l t r y ............................................................................................................................... 1 9 1 .3 2 0 0 .5 2 0 4 .4 1 9 9 .6 2 0 1 .7 2 0 9 .8 2 1 7 .5 1 8 9 .4 1 9 8 .5 2 0 2 .6 1 9 7 .6 1 9 9 .7 2 0 7 .8 2 1 5 .4 F re s h w h o l e c h i c k e n .................................................................................... 1 8 6 .8 2 0 2 .1 2 0 9 .6 1 9 9 .1 2 0 7 .6 2 1 9 .4 2 2 8 .7 1 8 5 .0 2 0 0 .0 2 0 7 .2 1 9 6 .7 2 0 5 .1 2 1 6 .7 2 2 6 .1 F re s h a n d f r o z e n c h ic k e n p a r ts ( 1 2 /7 7 = 1 2 5 .0 1 3 1 .7 1 3 5 .9 1 3 2 .2 1 3 4 .1 1 3 9 .4 1 4 4 .7 1 2 3 .5 1 2 9 .9 1 3 4 .2 1 3 0 .5 1 3 2 .1 1 3 7 .2 1 4 2 .5 1 2 0 .6 1 2 2 .3 1 2 5 .4 1 2 5 .7 1 2 5 .1 1 2 2 .7 1 2 5 .5 1 2 0 .3 1 2 2 .1 1 2 4 ,9 374 9 3 7 6 .4 3 8 3 .4 3 7 5 .1 3 7 0 .8 3 7 0 .7 3 7 2 .0 3 7 3 .4 3 7 4 .9 3 8 2 .4 O th e r p o u l t r y ( 1 2 /7 7 = F is h a n d s e a fo o d 100) 1 0 0 ) .................. 1 0 0 ) .............................................................. 1 2 6 .3 1 2 5 .7 1 2 2 .9 1 2 6 .0 ..................................................................................................... 3 7 6 .7 3 7 2 .7 3 7 2 .6 3 7 4 .1 C a n n e d f is h a n d s e a fo o d ...................................................................... F r e s h a n d f r o z e n f is h a n d s e a fo o d ( 1 2 /7 7 = 100) . . . 1 4 0 .2 1 3 5 .9 1 3 3 .9 1 3 3 .5 1 3 2 .6 1 3 2 .5 1 3 3 .1 1 3 9 .5 1 3 5 .4 1 3 3 .4 1 3 2 .9 1 3 2 .1 1 3 2 .0 1 3 2 .6 1 4 5 .4 1 4 :> .5 1 4 6 .7 1 4 7 .8 1 4 8 .8 1 4 9 .9 1 5 3 .7 1 4 5 .0 1 4 4 .8 146 0 1 4 7 .1 1 4 8 .5 1 4 9 .5 1 5 3 .7 E g g s ................................................................................................................................................. 1 7 2 .9 1 8 3 .7 1 9 3 .3 2 0 0 .1 2 0 8 .2 2 3 4 .0 2 6 6 .5 1 7 3 .7 1 8 4 .6 1 9 4 .3 2 0 1 .0 2 0 9 .3 2 3 5 .3 2 6 8 .1 D a ir y p r o d u c t s .................................................................................................................................... 2 4 9 .5 250 2 2 5 0 .2 2 5 0 .1 2 5 0 .2 2 4 9 .9 2 5 0 .8 2 4 8 .9 2 4 9 .4 2 4 9 .4 2 4 9 .2 2 4 9 .3 2 4 9 .0 2 4 9 .8 F r e s h m i lk a n d c r e a m ( 1 2 / 7 7 = F r e s h w h o le m i lk 1 0 0 ) .................................................................. 1 3 6 .7 1 3 6 .5 1 3 6 .1 1 3 5 .9 1 3 5 .9 1 3 5 .9 1 3 6 .4 1 3 6 .2 1 3 5 .9 1 3 5 .5 1 3 5 .2 1 3 5 .3 1 3 5 .3 1 3 5 .8 ..................................................................................................... 2 2 3 .7 2 2 3 .2 2 2 2 .6 2 2 1 .9 2 2 2 .1 2 2 2 .3 2 2 2 .7 2 2 2 .9 2 2 2 .3 2 2 1 .7 2 2 0 .9 2 2 1 .2 2 2 1 .4 2 2 1 .7 1 0 0 ) ....................................... 1 3 6 .9 1 3 6 .8 1 3 6 .4 1 3 6 .6 1 3 6 .4 1 3 6 .2 1 3 7 .3 1 3 6 .3 1 3 6 .2 1 3 5 .8 O t h e r f r e s h m i lk a n d c r e a m ( 1 2 / 7 7 = P r o c e s s e d d a ir y p r o d u c ts B u t te r 1 3 6 .0 1 3 5 .8 1 3 5 .6 1 3 6 .7 ............................................................................................ 1 4 7 .1 1 4 8 .4 1 4 9 .0 1 4 9 .2 1 4 9 .3 1 4 8 .8 1 4 9 .3 1 4 7 .4 1 4 8 .6 1 4 9 .3 1 4 9 .4 1 4 9 .5 1 4 9 .0 1 4 9 .6 ............................................................................................................................... 2 5 3 .4 2 5 4 .2 2 5 3 .9 2 5 6 .2 2 5 4 .8 2 5 4 .1 2 5 4 .7 2 5 5 .9 2 5 6 .8 2 5 6 .4 2 5 8 .7 2 5 7 .4 2 5 6 .6 2 5 7 .1 1 4 5 .5 1 4 6 .7 C h e e s e ( 1 2 /7 7 = 1 0 0 ) ........................................................................................ Ic e c r e a m a n d r e la te d p r o d u c t s ( 1 2 / 7 7 = O t h e r d a ir y p r o d u c ts ( 1 2 /7 7 = F r u it s a n d v e g e t a b le s 100) 1 4 5 .2 1 4 6 .4 1 4 6 .8 1 4 6 .7 1 4 6 .8 1 4 6 .4 1 4 7 .0 1 4 7 .1 1 4 7 .0 1 4 7 .1 1 4 6 .7 1 4 7 .3 1 0 0 ) ............................... 1 5 2 .5 1 5 2 .5 1 5 4 .4 1 5 4 .9 1 5 5 .3 1 5 4 .0 1 5 4 .8 1 5 1 .6 1 5 1 .5 1 5 3 .5 1 5 4 .0 1 5 4 .2 1 5 3 .0 1 5 3 .8 ..................................................... 1 4 1 .6 1 4 5 .9 1 4 6 .0 1 4 5 .2 1 4 5 .7 1 4 6 .0 1 4 6 .1 1 4 2 .3 1 4 6 .5 1 4 6 .5 1 4 5 .8 1 4 6 .1 1 4 6 .5 1 4 6 .7 .................................................................................................................. 2 9 9 .4 2 9 7 .6 2 9 2 .7 2 8 5 .1 2 8 9 .3 3 0 7 .3 ........................................................................................ 2 6 9 .2 3 1 0 .7 3 0 6 .6 3 0 4 .9 2 8 8 .7 2 9 4 .2 3 2 7 .8 2 6 4 .3 3 0 4 .3 3 0 0 .3 2 9 8 .9 2 8 3 .4 2 8 9 .8 3 2 2 .5 F re s h f r u its .................................................................................................................. 2 6 8 .3 3 2 8 .9 3 1 6 .7 3 0 4 .4 2 7 9 .5 2 7 0 .4 2 8 9 .6 2 5 8 .9 3 1 7 .5 3 0 5 .9 2 9 3 .4 2 6 9 .3 2 6 1 .1 2 7 9 .5 A p p le s .................................................................................................................. F r e s h f r u i t s a n d v e g e t a b le s 2 7 6 .2 2 4 4 .2 3 1 0 .0 3 2 0 .2 2 9 6 .7 2 7 1 .8 2 8 8 .9 2 6 5 .9 2 9 2 .6 3 1 1 .0 2 7 2 .6 2 9 5 .1 2 9 3 .3 2 7 0 .0 2 7 7 .0 2 4 4 .8 3 1 1 .9 3 2 1 .3 2 7 3 .8 2 6 7 .3 2 7 0 .8 2 7 7 .6 Bananas .............................................................................................................. 2 4 1 .3 2 9 1 .0 2 7 8 .6 2 7 2 .8 2 3 3 .1 2 3 0 .0 2 4 4 .3 2 3 9 .9 2 9 0 .7 2 7 6 .5 2 7 0 .3 2 3 0 .7 2 2 7 .8 2 4 2 .4 O ra n g e s .............................................................................................................. 2 9 2 .2 3 5 9 .8 3 3 7 .0 2 9 9 .0 3 0 7 .8 2 8 3 .4 O th e r fre s h fr u its ( 1 2 /7 7 = F re s h v e g e t a b le s P o ta to e s 3 0 1 .3 2 6 7 .5 3 2 9 .9 3 0 7 .1 2 7 1 .3 2 7 9 .3 2 5 7 .5 2 7 5 .1 1 0 0 ) ..................................................... 1 4 3 .1 1 7 3 .2 1 6 4 .1 1 7 1 .1 1 4 8 .5 1 4 3 .0 1 5 6 .9 1 3 8 ,0 1 6 6 .3 1 5 7 .7 1 6 4 .7 1 4 2 .9 1 3 7 .8 1 5 1 .1 ..................................................................................................... 2 7 0 .0 2 9 3 .8 2 9 7 .2 3 0 5 .5 2 9 7 .4 3 1 6 .6 3 6 3 .6 2 6 9 .2 292 5 2 9 5 .4 3 0 3 .9 2 9 6 .2 3 1 5 .7 3 6 1 .4 .............................................................................................................. 2 3 6 .2 3 4 2 .2 3 3 6 .1 3 1 6 .9 3 0 5 .0 3 1 7 .6 3 4 2 .3 2 3 1 .5 3 3 8 .2 3 3 0 .9 3 1 1 .7 3 0 0 .1 3 1 4 .3 3 3 7 .5 L e t t u c e .................................................................................................................. 3 0 1 .3 2 9 3 .9 3 3 7 .0 3 6 0 .4 3 2 9 .8 3 7 1 .8 3 2 8 .3 3 0 3 .4 2 9 4 .2 3 3 8 .2 3 6 0 .9 3 3 0 .0 3 7 5 .0 3 2 9 .8 T o m a to e s ......................................................................................................... 2 3 6 .8 2 0 0 .5 212 2 2 4 1 .9 2 4 3 .0 2 2 2 .2 2 8 5 .6 2 4 1 .5 2 0 4 .0 2 1 6 .2 2 4 6 .8 2 4 6 .9 2 2 4 .7 2 9 0 .4 1 0 0 ) ....................................... 1 5 6 .0 1 6 3 .6 1 5 8 .0 1 6 3 .0 1 6 3 .0 1 7 7 .2 2 2 6 .1 1 5 5 .3 1 6 2 .5 1 5 6 .3 1 6 1 .7 1 6 2 .3 1 7 6 .1 224 0 P r o c e s s e d f r u i t s a n d v e g e t a b l e s ............................................................................... 2 8 6 .6 2 8 9 .5 2 9 0 .2 2 9 0 .3 2 9 1 .6 2 9 3 .3 2 9 5 .1 2 8 4 .3 2 8 7 .4 2 8 8 .0 2 8 8 .2 2 9 2 .9 O t h e r f r e s h v e g e ta b le s ( 1 2 /7 7 = P r o c e s s e d f r u i t s ( 1 2 /7 7 = 2 8 9 .5 2 9 1 .2 1 5 0 .1 1 5 0 .7 1 5 1 .0 1 5 0 .6 1 5 1 .2 1 5 2 .0 1 5 2 .3 1 4 9 .8 1 5 0 .4 1 5 0 .6 1 5 0 .3 1 5 0 .8 1 5 1 .6 1 5 1 .9 1 4 4 .7 1 4 1 .1 1 4 2 .2 1 4 2 ,1 1 4 3 .3 1 4 3 .6 1 4 4 .7 1 4 3 .8 1 4 0 .3 1 4 1 .4 1 4 1 .3 1 4 2 .6 1 4 2 .9 1 4 3 .9 ...................... 1 5 4 .1 1 5 5 .6 1 5 5 .2 1 5 5 .1 1 5 5 .5 1 5 5 .7 1 5 5 .7 1 5 3 .1 1 5 4 .7 1 5 4 .2 1 5 4 .0 1 5 4 .6 1 5 4 .8 1 5 4 .7 1 0 0 ) ................................... 1 5 0 .4 1 5 3 .5 1 5 3 .8 1 5 2 .9 1 5 3 .2 1 5 5 .0 1 5 5 .0 1 5 1 .1 1 5 3 .8 1 5 4 .3 1 5 3 .4 1 5 3 .5 1 5 5 .1 1 5 5 .3 1 0 0 ) .................................................................. F r o z e n f r u i t a n d f r u i t ju ic e s ( 1 2 /7 7 = F r u it ju ic e s o t h e r t h a n fr o z e n ( 1 2 /7 7 = C a n n e d a n d d r ie d f r u i t s ( 1 2 /7 7 = S e e f o o t n o t e s a t e n d o f t a b le . 74 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 0 0 ) ........................... 100) 20. Continued— Consumer Price Index— U.S. city average [1967 = 100 unless otherwise specified] A ll U r b a n C o n s u m e r s U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1983 G e n e ra l s u m m a ry 1984 Jan. Aug. S e p t. O c t. 1 3 7 .9 1 4 0 .2 1 4 0 .6 1 4 9 .7 1 5 2 .8 1 5 2 .4 1 3 9 .5 1 4 2 .0 1 3 1 .0 1983 1984 Nov. D ec. Jan. Jan. Aug. S e p t. O c t. Nov. Dec Jan. 1 4 1 .1 1 4 1 .8 1 4 2 .8 1 4 4 .2 1 3 6 .7 1 3 9 .1 1 3 9 .4 1 4 0 .0 1 4 0 .7 1 4 1 .6 1 4 3 .0 1 5 0 .6 1 5 1 .8 1 5 1 .5 1 5 3 .3 1 5 1 .2 1 5 4 .5 1 5 3 .9 1 5 2 .0 1 5 3 .4 1 5 3 .2 1 5 4 .9 1 4 1 .8 1 4 2 .4 1 4 3 .2 1 4 5 .8 1 4 5 .9 1 3 7 .0 1 3 9 .5 1 3 9 .3 1 4 0 .0 1 4 0 .8 1 4 3 .2 1 4 3 .3 1 3 2 .9 1 3 4 .0 1 3 5 .7 1 3 6 .0 1 3 6 .8 1 3 8 .7 1 2 9 .6 1 3 1 .5 1 3 2 .6 1 3 4 .2 1 3 4 .5 1 3 5 .3 1 3 7 .1 F O O D A N D B E V E R A G E S — C o n tin u e d F o o d — C o n tin u e d F o o d a t h o m e — C o n t in u e d F r u it s a n d v e g e ta b le s — C o n t in u e d P r o c e s s e d v e g e ta b le s ( 1 2 / 7 7 = F r o z e n v e g e t a b le s ( 1 2 / 7 7 = 1 0 0 ) ..................................................... 100) ................................................ C u t c o r n a n d c a n n e d b e a n s e x c e p t lim a ( 1 2 / 7 7 = O t h e r c a n n e d a n d d r ie d v e g e ta b le s ( 1 2 / 7 7 = 100) 100) . . . . O t h e r f o o d s a t h o m e ...................................................................................................................... S u g a r a n d s w e e ts .............................................................................................................. C a n d y a n d c h e w in g g u m ( 1 2 /7 7 = 1 0 0 ) ............................................ S u g a r a n d a r ti fic i a l s w e e te n e r s ( 1 2 / 7 7 = 1 0 0 ) ............................... 3 3 7 .1 3 3 9 .1 3 4 0 .7 3 4 2 .7 3 4 3 .4 3 4 3 .6 3 4 6 .6 3 3 7 .9 3 3 9 .9 3 4 1 .5 343 5 3 4 4 .2 3 4 4 .4 3 4 7 .4 3 7 1 .5 3 7 5 .8 3 7 6 .4 3 7 5 .5 3 7 6 .0 3 7 7 .7 3 8 0 .0 3 7 1 .4 3 7 5 .7 3 7 6 .2 3 7 5 .3 3 7 5 .7 3 7 7 .6 3 7 9 .7 1 4 9 .8 1 5 1 .6 1 5 1 .9 1 5 1 .8 1 5 2 .0 1 5 2 .8 1 5 4 .0 1 4 9 .8 1 5 1 .8 1 5 1 .6 1 5 1 .6 1 5 1 .8 1 5 2 .7 1 5 3 .9 1 6 7 .0 1 6 9 .7 1 7 0 .3 1 6 9 .3 1 7 0 .4 1 7 1 .1 1 7 0 .9 1 6 8 .5 1 7 1 .0 1 7 1 .6 1 7 0 .8 1 7 1 .7 1 7 2 .4 1 7 2 .0 1 5 0 .1 1 4 9 .5 1 5 0 .0 1 0 0 ) ........................................................................... 1 5 2 .0 1 5 2 .8 1 5 2 .7 1 5 2 .2 1 5 1 .7 1 5 2 .3 1 5 3 .9 1 4 9 .8 1 5 0 .6 1 5 0 .5 ................................................................................... 2 5 9 .3 2 5 8 .1 2 6 4 .8 2 7 1 .1 2 7 5 .4 2 7 8 .2 2 7 9 .7 2 5 9 .3 2 5 7 .8 2 6 4 .7 2 7 1 .2 2 7 5 .5 2 7 8 .2 2 7 9 .5 M a r g a r i n e ....................................................................................................................... 2 5 9 .4 2 5 7 .2 2 5 9 .3 2 6 4 .6 2 6 8 .9 2 7 3 .7 278 2 2 5 8 .5 2 5 5 .1 2 5 7 .3 2 6 2 .6 2 6 7 .1 2 7 1 .7 2 7 6 .4 O th e r s w e e t s ( 1 2 /7 7 = F a ts a n d o il s ( 1 2 / 7 7 = 100) 1 4 8 .1 1 4 7 .2 1 4 9 .8 1 5 0 .1 1 4 9 .6 1 5 0 .4 1 3 0 .2 1 3 0 .3 1 3 6 .9 1 4 0 .7 1 4 3 .8 1 4 5 .4 1 4 5 .4 1 3 0 .7 1 3 0 .9 1 3 7 .5 1 4 1 .5 1 4 4 .5 1 4 6 .1 1 4 5 .9 ................................................................................................. 4 3 1 .1 4 3 0 .7 4 3 1 .2 4 3 6 .4 4 3 5 .2 4 3 3 .7 4 3 9 .1 4 3 2 .8 4 3 2 .5 4 3 3 .1 4 3 8 .4 N o n a lc o h o lic b e v e r a g e s 4 3 7 .3 4 3 5 .7 4 4 1 .1 3 1 2 .9 3 1 2 .4 3 1 2 .7 3 1 7 .2 3 1 5 .7 3 1 4 .3 3 1 9 .9 3 1 0 .3 3 0 9 .9 3 1 0 .2 3 1 4 .7 3 1 3 .2 3 1 1 .6 3 1 7 .2 1 4 5 .2 1 4 6 .3 1 4 7 .6 1 5 0 .8 1 4 9 .4 1 4 8 .8 1 4 9 .1 1 4 2 .8 1 4 4 .1 1 4 5 .3 1 4 8 .7 1 4 7 .5 146 9 1 4 7 .0 3 5 3 .9 C o la d r in k s , e x c lu d in g d ie t c o la 100) . . . .................................................................. C a r b o n a te d d r in k s , in c lu d in g d ie t c o la ( 1 2 / 7 7 = 100) . . . . 1 4 9 .8 1 4 8 .9 1 5 1 .6 1 5 1 .8 1 5 1 .4 1 0 0 ) .................. N o n d a ir y s u b s t i t u t e s a n d p e a n u t b u t te r ( 1 2 / 7 7 = O th e r f a ts , o il s , a n d s a la d d r e s s in g s ( 1 2 /7 7 = 1 5 1 .6 1 5 2 .2 1 5 0 .0 1 5 1 .8 R o a s te d c o f f e e .............................................................................................................. 3 6 5 .0 3 5 6 .0 3 5 3 .7 3 5 2 .8 3 5 5 .4 3 5 4 .2 3 5 9 .2 3 5 9 .9 3 5 0 .8 3 4 8 .4 3 4 7 .6 3 5 0 .2 3 4 9 .0 F re e z e d r ie d a n d in s t a n t c o f f e e ...................................................................... 3 4 8 .2 3 5 2 .3 3 4 8 .3 3 5 0 .2 3 5 2 .4 3 5 1 .2 3 5 3 .7 3 4 7 .8 3 5 1 .5 3 4 7 .5 3 4 9 .3 3 5 1 .6 3 5 0 .5 3 5 3 .1 ................................... 1 4 1 .0 1 4 0 .5 1 4 1 .0 1 4 1 .9 1 4 1 .8 1 4 1 .8 1 4 3 .8 1 4 1 .3 1 4 0 .8 1 4 1 .3 1 4 2 .2 1 4 2 .1 1 4 2 .2 1 4 4 .2 O th e r p r e p a r e d f o o d s ......................................................................................................... 2 7 2 .6 2 7 6 .9 2 7 7 .8 2 7 6 .8 2 7 7 .9 2 7 8 .2 2 7 9 .9 2 7 4 .2 2 7 8 .5 2 7 9 .4 2 7 8 .2 2 7 9 .4 2 7 9 .7 2 8 1 .5 1 4 1 .3 1 4 2 .0 1 4 2 .8 1 4 2 .6 1 4 0 .1 1 4 3 .7 1 4 3 .3 1 4 3 .2 1 4 3 .9 1 4 4 .6 1 4 4 .4 O t h e r n o n c a r b o n a te d d r in k s ( 1 2 / 7 7 = 1 3 8 .1 1 4 1 .8 1 4 1 .4 ................................................ 1 5 0 .6 1 5 5 .1 1 5 5 .7 1 5 4 .7 1 5 6 .4 1 5 5 .5 1 5 7 .2 1 5 0 .0 1 5 4 .2 1 5 4 .9 1 5 3 .7 1 5 5 .7 1 5 4 .5 1 0 0 ) ........................................................................................ 1 5 4 .0 1 5 9 .3 1 5 9 .9 1 5 9 .0 1 5 8 .6 1 5 8 .9 1 5 9 .5 1 5 6 .0 1 6 1 .4 1 6 2 .0 1 6 0 .8 1607 1 6 1 .0 1 6 1 .6 1 5 9 .5 1 5 8 .3 1 5 8 .9 1 5 9 .6 160 7 1 6 0 .6 1 6 1 .6 1 5 8 .5 1 5 7 .4 1 5 8 .1 1 5 8 .7 1 5 9 .9 1 5 9 .5 1 6 0 .5 C a n n e d a n d p a c k a g e d s o u p ( 1 2 /7 7 = F ro z e n p re p a re d fo o d s ( 1 2 /7 7 = S n a c k s ( 1 2 /7 7 = 100) 1 0 0 ) ........................................ 100) S e a s o n in g s , o liv e s , p ic k le s , a n d r e lis h ( 1 2 / 7 7 = 100) . . . 1 5 6 .5 1 5 3 .8 1 5 6 .0 1 5 6 .3 1 5 5 .4 1 5 5 .5 1 5 6 .6 1 5 5 .6 1 5 7 .9 1 5 8 .2 1 5 1 .1 1 5 1 .5 1 5 2 .2 1 5 1 .8 1 5 2 .8 1 5 3 .3 1 5 4 .3 1 5 1 .4 1 5 1 .8 1 5 2 .5 1 5 2 .0 1 5 3 .0 1 5 3 .5 1 5 4 .5 100) . 1 4 6 .1 1 4 6 .5 1 4 7 .2 1 4 6 .2 1 4 7 .0 1 4 8 .0 1 4 9 .1 1 4 7 .3 1 4 7 .7 1 4 8 .4 1 4 7 .4 1 4 8 .2 1 4 9 .2 1 5 0 .4 ........................................................................................................................... 3 2 2 .2 3 2 3 .9 3 2 4 .8 3 2 4 .3 3 2 5 .4 3 2 7 .2 3 2 8 .0 3 2 8 .7 3 3 0 .4 O t h e r c o n d im e n t s ( 1 2 / 7 7 = 1 0 0 ) ............................................................. M is c e lla n e o u s p r e p a r e d f o o d s ( 1 2 / 7 7 = 100) ............................... O th e r c a n n e d a n d p a c k a g e d p r e p a r e d f o o d s ( 1 2 / 7 7 = 1 5 6 .0 1 5 7 .9 1 5 7 .2 1 5 7 .4 1 5 8 .4 3 1 4 .5 3 2 1 .0 325 5 3 2 7 .2 3 1 7 .7 L u n c h ( 1 2 /7 7 = 1 0 0 ) .................................................................................................................. 1 5 3 .1 1 5 5 .4 1 5 5 .9 1 5 6 .7 1 5 7 .1 1 5 7 .5 1 5 8 .0 1 5 4 .8 1 5 7 .1 1 5 7 .5 1 5 8 .3 1 5 8 .7 1 5 9 .0 D in n e r ( 1 2 / 7 7 = 1 0 0 ) .................................................................................................................. 1 5 1 .3 1 5 3 .9 1 5 4 .9 1 5 5 .5 1 5 6 .2 1 5 6 .5 1 5 7 .6 1 5 3 .0 1 5 5 .6 1 5 6 .6 1 5 7 .2 1 5 7 .9 1 5 8 .3 1 5 9 .3 1 5 4 .0 1 5 9 .5 1 5 9 .4 1 6 0 .7 1 6 0 .8 1 6 1 .0 162 0 1 5 4 .6 1 6 0 .0 1 5 9 .9 1 6 1 .2 1 6 1 .2 1 6 1 .4 1 6 2 .5 2 2 2 .0 F ood a w a y fro m h o m e O t h e r m e a ls a n d s n a c k s ( 1 2 / 7 7 = 1 0 0 ) ...................................................................... 2 1 1 .6 2 1 7 .1 2 1 8 .4 2 1 8 .9 2 1 8 .6 2 1 8 .1 2 1 9 .0 2 1 3 .7 2 1 9 .7 2 2 1 .3 2 2 1 .8 2 2 1 .5 2 2 1 .2 ...................................................................... 1 3 6 .5 1 4 0 .3 1 4 1 .2 1 4 1 .4 1 4 0 .9 1 4 0 .4 1 4 0 .8 1 3 7 .8 1 4 2 .1 1 4 3 .2 1 4 3 .4 1 4 3 .0 1 4 2 .6 1 4 2 .8 ........................................................................................................................................ 2 1 3 .3 2 2 4 .4 2 2 5 .4 2 2 6 .1 2 2 5 .9 2 2 5 .5 2 2 5 .7 2 1 2 .5 2 2 3 .2 2 2 4 .8 2 2 5 .3 2 2 5 .2 2 2 4 .8 2 2 4 .9 A lc o h o lic b e v e r a g e s A l c o h o lic b e v e r a g e s a t h o m e ( 1 2 / 7 7 = B e e r a n d a le 1 5 9 .5 100) W h i s k e y ..................................................................................................................................................... 1 5 0 .5 1 5 1 .6 1 5 3 .7 1 5 3 .5 1 5 2 .9 1 5 2 .4 1 5 3 .5 1 5 1 .2 1 5 2 .1 1 5 4 .2 1 5 4 .0 1 5 3 .4 1 5 2 .9 1 5 3 .7 W in e 2 3 5 .6 2 3 4 .8 2 3 5 .7 2 3 7 .1 2 3 4 .8 2 3 2 .1 2 3 3 .2 2 4 3 .0 2 4 2 .4 2 4 3 .7 2 4 5 .5 2 4 2 .3 2 3 9 .9 2 4 1 .0 1 2 0 .6 1 2 2 .4 1 2 2 .5 1 2 2 .3 1 2 1 .5 1 2 1 .4 1 2 1 .7 1 2 0 .6 1 2 2 .4 1 2 2 .3 1 2 2 .2 1 2 1 .5 1 2 1 .3 1 2 1 .6 .......................................................................................................................................................... O t h e r a lc o h o l ic b e v e r a g e s ( 1 2 / 7 7 = 1 0 0 ) .................................................................. ................................................ 1 4 4 .8 1 4 7 .3 1 4 8 .4 1 4 8 .7 1 4 9 .9 1 5 0 .4 1 5 1 .6 1 4 6 .0 1 4 8 .5 1 4 9 .6 1 4 9 .8 1 5 0 .9 1 5 1 .5 1 5 3 .0 H O U S I N G .............................................................................................................................................................................................. 3 1 7 .9 3 2 4 .8 3 2 6 .4 3 2 6 .8 3 2 7 .0 3 2 7 .4 3 2 9 .2 3 1 7 .0 3 2 4 .3 3 2 5 .3 3 2 5 .2 3 2 4 .5 3 2 4 .2 3 2 4 .7 S h e lte r ( C P I- U ) 3 3 8 .3 3 4 6 .6 3 4 8 .5 3 4 9 .8 3 5 1 .1 3 5 1 .8 3 5 3 .2 R e n t e r s ’ c o s t s ................................................................................................................................................. 1 0 0 .8 1 0 3 .7 1 0 4 .4 1 0 4 .8 1 0 5 .0 1 0 5 .1 1 0 5 .7 2 3 2 .2 2 3 8 .2 2 3 9 .5 2 4 0 .4 2 4 1 .3 2 4 2 .0 2 4 2 .9 A l c o h o lic b e v e r a g e s a w a y f r o m h o m e ( 1 2 / 7 7 = R e n t, r e s id e n t ia l 100) ............................................................................................................................... ...................................................................................................................... 3 3 9 .2 3 5 5 .8 3 6 1 .3 3 6 2 .0 359 8 3 5 6 .1 3 6 1 .7 ............................................................................................................................... 1 0 0 .7 1 0 3 .0 1 0 3 .5 1 0 3 .9 1 0 4 .3 1 0 4 .5 1 0 4 .9 O w n e r s ' e q u iv a le n t r e n t ............................................................................................................. 1 0 0 .7 1 0 3 .0 1 0 3 .5 1 0 3 .8 1 0 4 .2 1 0 4 .5 1 0 4 .8 H o u s e h o ld i n s u r a n c e ...................................................................................................................... 1 0 0 .9 1 0 3 .5 1 0 4 .0 1 0 5 .5 1 0 6 .1 1 0 6 .1 1 0 6 .6 3 4 7 .9 3 4 6 .6 3 5 1 .1 3 5 3 .4 O t h e r r e n te r s ' c o s ts H o m e o w n e rs ’ c o s ts 2 M a in te n a n c e a n d r e p a ir s ...................................................................................................................... 3 4 2 .9 3 5 4 .7 3 5 6 .7 ........................................................................................ 3 8 0 .6 3 8 8 .6 3 8 7 .6 3 9 7 .2 3 9 8 .5 4 0 0 .8 4 0 2 .4 M a in te n a n c e a n d r e p a ir c o m m o d i t i e s ............................................................................... 2 5 9 .4 2 6 1 .2 2 5 9 .9 2 5 9 .5 2 6 2 .3 2 6 2 .6 2 6 4 .6 M a in te n a n c e a n d r e p a ir s e r v ic e s S h e l t e r ( C P I - W ) ........................................................................................................................................................................ 3 3 7 .9 3 4 6 .4 3 4 7 .5 3 4 7 .6 3 4 7 .1 3 4 6 .6 3 4 6 .1 R e n t, r e s i d e n t i a l ............................................................................................................................................. 2 3 1 .7 2 3 7 .6 2 3 8 .9 2 3 9 .8 2 4 0 .7 2 4 1 .3 2 4 2 .3 O t h e r r e n te r s ’ c o s t s .................................................................................................................................... 3 3 7 .3 3 5 4 .0 3 5 8 .6 3 5 9 .3 3 5 7 .3 3 5 2 .9 3 5 9 .1 L o d g in g w h i le o u t o f t o w n ......................................................................................................... 3 5 0 .8 3 7 5 .7 3 7 4 .8 3 7 4 .2 3 7 0 .9 3 6 3 .9 3 7 4 .0 T e n a n t s ’ in s u r a n c e ( 1 2 / 7 7 = 1 0 0 ) ................................................................................... 1 5 1 .5 1 5 5 .4 1 5 6 .2 1 5 8 .6 1 5 9 .4 1 6 0 .4 1 5 9 .4 H o m e o w n e r s h i p ............................................................................................................................................ 3 7 5 .9 3 8 5 .2 3 8 6 .1 3 8 5 .9 3 8 4 .9 3 8 4 .1 3 8 2 .9 ............................................................................................................................... 2 9 1 .9 3 0 4 .1 3 0 3 .4 3 0 1 .3 3 0 0 .0 2 9 8 .9 2 9 8 .0 F in a n c in g , t a x e s , a n d i n s u r a n c e ............................................................................................ 4 9 0 .2 4 9 6 .6 5 0 0 .0 5 0 0 .6 4 9 9 .2 4 9 7 .6 4 9 4 .8 P r o p e r t y i n s u r a n c e .............................................................................................................. 4 1 4 .5 4 3 0 .8 4 3 4 .9 4 3 7 .4 4 3 8 .0 4 3 7 .2 4 3 8 .3 P r o p e r t y ta x e s H o m e p u rc h a s e ...................................................................................................................... 2 3 0 .6 2 3 7 .1 2 3 8 .5 2 3 9 .1 2 3 9 .6 2 4 0 .7 2 4 2 .7 C o n t r a c t e d m o r t g a g e in t e r e s t c o s t s ...................................................................... 6 2 4 .0 6 2 9 .8 6 3 4 .2 6 3 4 .7 6 3 2 .2 6 2 9 .4 6 2 4 .1 M o r t g a g e in t e r e s t r a t e s ....................................................................................... 2 1 2 .0 2 0 5 .5 2 0 7 .2 2 0 8 .8 2 0 8 .6 2 0 8 .7 2 0 7 .6 M a in te n a n c e a n d r e p a i r s .............................................................................................................. 3 3 7 .8 3 4 4 .3 3 4 3 .7 3 4 8 .1 3 4 9 .1 3 5 1 .0 3 5 3 .0 M a in te n a n c e a n d r e p a ir s e r v i c e s ............................................................................... 3 7 7 .3 3 8 5 .1 3 8 5 .5 3 9 2 .5 3 9 3 .3 3 9 5 .6 3 9 7 .6 S e e f o o t n o t e s a t e n d o f t a b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Consumer Prices 20. Continued— Consumer Price Index— U.S. city average [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c if ie d ] A ll U r b a n C o n s u m e rs G e n e ra l s u m m a ry U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1983 Jan. Aug. S e p t. 1984 O c t. Nov. D ec. Jan. 1983 1984 Jan. Aug. S e p t. O c t. Nov. Dec Jan. 2 5 3 .6 2 5 7 .5 2 5 5 .2 2 5 4 .7 2 5 5 .9 2 5 7 .0 2 5 9 .0 1 4 8 .2 1 4 7 .6 1 4 5 .8 1 4 5 .7 1 4 7 .3 1 4 9 .1 1 5 0 .8 1 2 0 .5 1 2 6 .8 1 2 5 .3 1 2 4 .2 1 2 3 .8 1 2 3 .7 1 2 5 .2 H O U S IN G — C o n tin u e d S h e lte r ( C P I- W ) — C o n tin u e d H o m e o w n e r s h ip — C o n t in u e d M a in te n a n c e a n d r e p a ir c o m m o d i t i e s ............................................ P a in t a n d w a llp a p e r , s u p p lie s , t o o ls , a n d e q u ip m e n t ( 1 2 / 7 7 = 1 0 0 ) .............................................................. L u m b e r , a w n in g s , g la s s , a n d m a s o n r y ( 1 2 /7 7 = 1 0 0 ) .................. P lu m b in g , e le c t r ic a l, h e a t in g , a n d c o o lin g s u p p lie s ( 1 2 / 7 7 = 100) ...................................................................... M i s c e lla n e o u s s u p p lie s a n d e q u ip m e n t ( 1 2 / 7 7 = 1 3 7 .3 1 0 0 ) .................. 1 3 9 .5 1 4 0 .7 1 4 1 .3 1 3 9 .1 1 3 8 .4 1 3 9 .9 1 4 1 .3 1 4 3 .3 1 4 2 .2 1 4 1 .9 1 4 4 .0 1 4 3 .7 1 4 3 .1 F u e l a n d o th e r u tilitie s 3 6 5 .4 3 7 5 .1 3 7 6 .4 3 7 4 .4 3 7 1 .3 3 7 0 .6 3 7 6 .0 3 6 6 .8 3 7 6 .8 3 7 8 .1 3 7 5 .7 3 7 2 .8 3 7 2 .0 3 7 7 .3 F u e l s ......................................................................................................................................... 4 6 3 .5 4 7 6 .5 4 7 8 .3 4 7 4 .4 4 6 8 .1 4 6 7 .4 4 7 0 .4 4 6 3 .3 4 7 6 .6 4 7 8 .3 4 7 4 .0 4 6 7 .8 4 6 7 .2 4 6 9 .9 F u e l o il , c o a l, a n d b o t tle d g a s ........................................................................................ F u e l o il ............................................................................... O t h e r f u e ls ( 6 / 7 8 = 100) .................................................................. G a s ( p ip e d ) a n d e l e c t r i c i t y .................................................................................... 6 7 1 .1 6 1 9 .0 6 2 3 .2 6 2 4 .7 6 2 3 .9 6 2 3 .9 6 4 2 .8 6 7 3 .4 6 2 1 .5 6 2 5 .6 627 2 6 2 6 .4 6 2 6 .4 6 4 5 .1 6 8 9 .3 6 2 6 .5 6 3 1 .2 6 3 2 .6 6 3 1 .5 6 3 1 .5 6 5 2 .7 6 9 1 .2 6 2 8 .9 6 3 3 .7 6 3 5 .1 6 3 3 .9 6 3 3 .9 6 5 4 .9 1 8 8 .4 1 9 0 .0 1 9 0 .2 1 9 1 .0 1 9 1 .4 1 9 1 .4 1 9 3 .6 1 8 9 .5 1 9 0 .8 1 9 1 .0 1 9 1 .9 1 9 2 .4 1 9 2 .3 1 9 4 .4 4 2 7 .5 4 2 7 .3 4 1 2 .8 4 3 8 .7 4 4 0 .0 4 3 4 .5 4 2 7 .5 4 2 6 .7 4 2 6 .2 4 1 3 .5 4 3 9 .1 4 4 0 .5 4 3 5 .6 4 2 8 .2 E l e c t r i c i t y .......................................................................................................... 3 1 9 .2 3 4 0 .7 3 4 2 .3 3 3 9 .2 3 3 1 .8 3 2 9 .8 3 3 2 .8 3 1 8 .3 3 4 1 .2 3 4 2 .6 3 3 8 .8 3 3 0 .8 3 2 9 .0 3 3 1 .9 U t il it y ( p ip e d ) g a s 5 5 9 .1 5 8 9 .8 5 9 0 .5 5 8 2 .4 5 7 6 .3 5 7 8 .2 5 7 1 .1 5 5 6 .9 5 8 5 .8 5 8 6 .4 5 7 8 .3 5 7 4 .0 5 7 5 .7 5 6 8 .1 2 1 0 .1 2 1 4 .8 2 1 5 .4 2 1 5 .8 2 1 7 .3 2 1 6 .5 2 2 5 .7 ........................................................................................ H O U S IN G F u e l a n d o th e r u tilitie s O t h e r u t ili t i e s a n d p u b l ic s e r v ic e s ..................................................... T e le p h o n e s e r v i c e s ........................................................................... L o c a l c h a rg e s (1 2 /7 7 = 1 0 0 ) .................................................................. I n te r s ta t e t o ll c a lls ( 1 2 / 7 7 = 100) ............................................ I n tr a s ta t e t o ll c a lls ( 1 2 / 7 7 = 100) ........................................ 2 2 4 .6 2 1 0 .9 2 1 5 .9 2 1 6 .4 2 1 6 .9 2 1 8 .4 2 1 7 .4 1 7 1 .4 1 7 3 .9 1 7 4 .4 1 7 4 .1 1 7 5 .4 1 7 4 .3 1 8 3 .3 1 7 1 .7 1 7 4 .5 1 7 5 .0 1 7 4 .7 1 7 6 .0 1 7 4 .7 1 4 0 .6 1 4 2 .1 1 4 2 .6 1 4 2 .2 1 4 3 .8 1 4 2 .2 1 5 4 .3 1 4 0 .8 1 4 2 .6 1 4 3 .1 1 4 2 .8 1 4 4 .4 1 4 2 .6 1 5 4 .8 1 2 1 .0 1 2 1 .9 1 2 1 .9 1 2 1 .5 1 2 1 .5 1 2 1 .4 1 2 1 .4 1 2 1 .5 1 2 2 .4 1 2 2 .3 1 2 1 .9 1 2 1 .9 1 2 1 .9 1 2 1 .9 1 8 3 .9 1 1 4 .0 1 1 8 .3 1 1 8 .6 1 1 9 .0 1 1 9 .8 1 1 9 .7 1 2 2 .1 1 1 3 .9 1 1 8 .3 1 1 8 .7 1 1 9 .1 1 1 9 .8 1 1 9 .8 1 2 2 .2 3 4 1 .6 3 5 5 .9 3 5 6 .8 3 6 1 .7 3 6 3 .6 3 6 4 .3 3 6 7 .4 3 4 4 .8 3 6 0 .2 3 6 1 .0 3 6 6 .2 3 6 7 .8 3 6 8 .5 3 7 1 .7 H o u s e h o ld f u r n is h in g s a n d o p e ra tio n s 2 3 5 .8 2 3 8 .0 2 3 8 .9 2 3 9 .4 2 3 9 .9 2 4 0 .5 2 4 0 .4 2 3 2 .6 2 3 4 .8 2 3 5 .8 2 3 6 .2 2 3 6 .7 2 3 7 .3 2 3 7 .3 H o u s e f u r n i s h in g s 1 9 4 .9 1 9 6 .7 1 9 7 .6 1 9 8 .0 1 9 8 .4 1 9 8 .8 1 9 7 .9 1 9 3 .0 1 9 4 .7 1 9 5 .6 1 9 6 .0 1 9 6 .4 1 9 6 .9 1 9 6 .3 2 2 1 .9 2 2 6 .1 2 3 1 .2 2 2 8 .8 2 2 9 .6 2 3 0 .3 2 2 7 .6 2 2 4 .5 2 2 9 .6 2 3 4 .6 2 3 2 .0 2 3 3 .0 2 3 3 .1 2 3 0 .9 1 3 1 .5 1 3 3 .4 1 3 8 .1 1 3 6 .0 1 3 5 .7 1 3 5 .6 1 3 3 .0 1 3 2 .6 1 3 4 .5 1 3 9 .0 1 3 7 .0 1 3 6 .4 1 3 6 .2 1 3 4 .1 1 4 5 .6 1 4 9 .0 1 5 0 .5 1 4 9 .6 1 5 1 .1 1 5 2 .0 1 5 1 .3 1 4 8 .6 1 5 3 .3 1 5 4 .8 1 5 3 .6 1 5 5 .6 1 5 6 .1 1 5 5 .5 2 1 3 .9 2 1 7 .2 2 1 7 .9 2 1 9 .8 2 2 0 .1 2 2 1 .3 2 1 9 .5 2 1 0 .4 2 1 4 .3 2 1 5 .1 2 1 6 .6 2 1 7 .1 2 1 8 .3 2 1 6 .7 1 4 6 .1 1 5 1 .3 1 5 2 .5 1 5 2 .9 1 5 2 .6 1 5 4 .9 1 5 4 .4 1 4 2 .6 1 4 8 .2 1 4 8 .9 1 4 9 .0 1 4 9 .5 1 5 1 .3 1 5 1 .1 1 1 8 .1 1 1 9 .2 1 2 0 .0 1 2 0 .3 W a te r a n d s e w e r a g e m a in t e n a n c e .............................................................. ............................................................................................. T e x t ile h o u s e f u r n i s h i n g s ........................................................................... H o u s e h o ld lin e n s ( 1 2 / 7 7 = 1 0 0 ) ......................................................... C u r ta in s , d r a p e s , s lip c o v e r s , a n d s e w in g m a te r ia ls ( 1 2 / 7 7 = 100) ........................................................................... F u r n it u r e a n d b e d d i n g ............................................................................................ B e d ro o m fu r n itu r e ( 1 2 /7 7 = S o fa s ( 1 2 / 7 7 = 100) ................................................ ...................................................................... 100) 1 0 0 ) ............................... L iv in g r o o m c h a ir s a n d t a b le s ( 1 2 / 7 7 = O th e r f u r n itu r e ( 1 2 /7 7 = 100) .............................................................. A p p lia n c e s in c lu d in g T V a n d s o u n d e q u ip m e n t T e le v is io n a n d s o u n d e q u ip m e n t T e le v is io n .......................... ................................... ...................................................................... S o u n d e q u ip m e n t ( 1 2 / 7 7 = H o u s e h o ld a p p lia n c e s 100) ................................... ................................................. 1 1 7 .3 1 1 7 .3 1 1 7 .6 1 1 8 .8 1 1 9 .8 1 2 0 .2 1 1 9 .4 1 1 7 .9 1 1 7 .6 1 2 1 .6 1 2 3 .5 1 2 4 .2 1 2 5 .4 1 2 5 .6 1 2 4 ,4 1 2 4 .8 1 2 2 .0 1 2 4 .5 1 2 5 .2 1 2 6 .5 1 2 6 .6 1 2 5 .7 1 2 5 .9 1 3 9 .4 1 3 9 .8 1 3 9 .4 1 4 1 .2 1 4 1 .4 1 4 2 .3 1 3 9 .2 1 3 4 .6 1 3 5 .6 1 3 5 .8 1 3 7 .2 1 3 7 .1 1 3 8 .2 1 3 5 .4 1 5 1 .9 1 5 0 .6 1 5 1 .0 1 5 1 .2 1 5 1 .0 1 5 0 .9 1 5 1 .0 1 5 1 .8 1 5 0 .8 1 5 1 .2 1 5 1 .7 1 5 1 .6 1 5 1 .7 1 5 1 .9 1 0 7 .0 1 0 5 .1 1 0 5 .1 1 0 4 .9 1 0 5 .0 1 0 4 .8 1 0 4 .9 1 0 6 .1 1 0 4 .3 1 0 4 .2 1 0 3 .9 1 0 4 .1 1 0 3 .9 1 0 4 .0 1 0 2 .3 1 0 0 .1 9 9 .6 9 9 .1 9 8 .8 9 9 .0 9 8 .8 1 0 1 .1 9 9 .0 98 3 9 7 .8 9 7 .4 9 7 .6 1 1 9 .2 9 7 .5 1 1 2 .2 1 1 0 .6 1 1 1 .1 1 1 1 .0 1 1 1 .6 1 1 1 .0 1 1 1 .3 1 1 1 .3 1 0 9 .7 1 1 0 .2 1 1 0 .0 1 1 0 .7 1 1 0 .1 1 1 0 .5 1 8 7 .6 1 8 8 .0 1 8 9 .2 1 9 0 .3 1 8 9 .2 1 8 9 .4 1 8 9 .5 1 8 7 .9 1 8 8 .0 1 8 9 .1 1 9 0 .5 1 9 0 .1 1 9 0 .5 1 9 0 .7 R e f r ig e r a t o r s a n d h o m e f r e e z e r s ........................................ 1 9 3 .2 1 9 1 .4 192 4 1 9 4 .0 1 9 3 .0 1 9 5 .8 1 9 6 .5 1 9 9 .2 1 9 7 .2 1 9 8 .0 2 0 0 .0 1 9 8 .9 2 0 1 .7 2 0 2 .1 L a u n d r y e q u i p m e n t ..................................................... 1 4 1 .5 1 4 2 .0 1 4 2 .7 1 4 2 .7 1 4 4 .1 1 4 4 .4 1 4 5 .7 1 4 2 .1 1 4 2 .8 1 4 3 .6 1 4 4 .1 1 4 5 .2 1 4 5 .1 1 4 6 .6 O th e r h o u s e h o ld a p p lia n c e s ( 1 2 / 7 7 = 1 2 4 .7 1 2 5 .4 1 2 6 .2 1 2 7 .0 1 2 5 .9 1 2 5 .5 1 2 5 .2 1 2 2 .8 1 2 3 .4 1 2 4 .2 1 2 5 .2 1 2 4 .6 1 2 4 .2 1 2 3 .6 1 2 3 .7 1 2 3 .7 1 2 5 .4 1 2 5 .9 1 2 5 .8 1 2 4 .5 1 2 3 .3 1 2 1 .9 1 2 2 .1 1 2 3 .6 1 2 4 .1 1 2 4 .6 1 2 3 .5 1 2 2 .3 1 2 5 .8 1 2 7 .2 1 2 7 .3 1 2 8 .3 1 2 6 .2 1 2 6 .6 1 2 7 .2 1 2 3 .8 1 2 4 .8 1 2 4 .9 1 2 6 .4 1 2 4 .6 1 2 4 .9 1 2 5 .2 1 3 9 .1 1 4 1 .2 1 4 1 .0 1 4 1 .3 1 4 2 .1 1 4 2 .3 1 4 2 .1 1 3 7 .0 1 3 8 .9 1 3 8 .8 1 3 8 .9 1 3 9 .7 1 4 0 .1 1 4 0 .0 1 0 0 ) ...................... 1 4 1 .2 1 4 4 .4 1 4 4 .2 1 4 6 .5 1 4 7 .3 1 4 6 .6 1 4 5 .5 1 3 3 .2 1 3 6 .4 1 3 6 .0 1 3 8 .2 1 3 8 .8 1 3 8 .4 1 3 7 .5 1 0 0 ) ........................................ 1 3 0 .8 1 3 2 .3 1 3 2 .9 1 3 4 .0 1 3 5 .5 1 3 4 .1 1 3 0 .9 1 2 6 .1 1 2 8 .3 1 2 8 .4 1 2 9 .3 1 3 1 .0 1 2 9 .6 1 2 6 .6 1 4 5 .9 1 4 8 .7 1 4 7 .7 1 4 5 .6 1 4 6 .2 1 4 7 .4 1 4 9 .6 1 4 1 .9 1 4 4 .4 1 4 3 .6 1 4 1 .7 1 4 2 .4 1 4 3 .6 1 4 5 .5 1 3 4 .1 1 3 4 .2 1 3 4 .7 1 3 5 .9 1 3 6 .6 1 3 7 .2 1 3 6 .9 1 3 9 .3 1 3 9 .3 1 4 0 .2 1 4 1 .2 1 4 1 .8 1 4 2 .4 1 4 2 .2 2 9 4 .0 2 9 5 .8 2 9 5 .7 2 9 6 .6 2 9 7 .0 2 9 8 .6 2 9 9 .4 2 9 0 .7 2 9 2 .7 2 9 3 .1 2 9 3 .6 2 9 3 .9 2 9 5 .3 2 9 6 .3 1 0 0 ) ...................... S t o v e s , d is h w a s h e r s , v a c u u m s , a n d s e w in g m a c h in e s ( 1 2 / 7 7 = 1 0 0 ) ................................................. O ffic e m a c h in e s , s m a ll e le c t r ic a p p lia n c e s , a n d a ir c o n d it io n e r s ( 1 2 / 7 7 = O t h e r h o u s e h o ld e q u ip m e n t ( 1 2 / 7 7 = 100) ............................................ 1 0 0 ) ................................... F lo o r a n d w i n d o w c o v e r in g s , i n f a n t s ', la u n d r y , c le a n in g , a n d o u t d o o r e q u ip m e n t ( 1 2 / 7 7 = C lo c k s , la m p s , a n d d e c o r it e m s ( 1 2 / 7 7 = T a b le w a r e , s e r v in g p ie c e s , a n d n o n e le c tr ic k it c h e n w a r e ( 1 2 / 7 7 = 1 0 0 ) ................................... L a w n e q u ip m e n t , p o w e r t o o ls , a n d o t h e r h a rd w a re (1 2 /7 7 = H o u s e k e e p in g s u p p lie s 100) ...................................................................... ........................................................................... S o a p s a n d d e te rg e n ts .................................................................. O t h e r la u n d r y a n d c le a n in g p r o d u c ts ( 1 2 /7 7 = 100) .......................... C le a n s in g a n d t o ile t t is s u e , p a p e r t o w e ls a n d n a p k in s ( 1 2 /7 7 = S t a tio n e r y , s ta t io n e r y s u p p lie s , a n d g if t w r a p ( 1 2 / 7 7 = M i s c e lla n e o u s h o u s e h o ld p r o d u c ts ( 1 2 / 7 7 = L a w n a n d g a r d e n s u p p lie s ( 1 2 / 7 7 = H o u s e k e e p in g s e r v ic e s 100) 100) 1 0 0 ) ...................... 1 0 0 ) ..................................................... ...................................................................... P o s t a g e ............................................................................................. 2 8 8 .9 2 9 4 .4 2 9 6 .1 2 9 5 .2 2 9 6 .7 2 9 5 .9 2 9 6 .3 2 8 5 .0 2 9 0 .2 2 9 2 .0 2 9 1 .1 2 9 2 .7 2 9 1 .8 2 9 2 .2 1 4 9 .0 1 5 1 .0 1 5 2 .0 1 5 1 .6 1 5 1 .5 1 5 2 .7 1 5 3 .6 1 4 7 .7 1 4 9 .8 1 5 0 .9 1 5 0 .5 1 5 0 .2 1 5 1 .5 1 5 2 .3 1 5 0 .2 1 4 8 .1 1 4 8 .0 1 4 7 .8 1 4 8 .2 1 4 8 .6 1 4 9 .2 1 4 8 .2 1 4 8 .0 1 3 8 .1 1 3 9 .5 1 3 9 .5 1 3 9 .5 1 4 0 .9 1 4 1 .7 1 4 1 .7 1 4 1 .1 1 4 2 .5 1 4 2 .6 1 4 2 .6 1 4 4 .0 1 4 4 .7 1 4 4 .8 1 5 3 .5 1 5 4 .1 1 5 4 .9 1 5 5 .9 1 5 5 .5 1 5 6 .6 1 5 7 ,4 1 4 8 .3 1 4 8 .8 1 4 9 .5 1 5 0 .4 1 5 0 .0 1 5 1 .1 1 5 2 .0 1 5 0 .3 1 4 8 .1 1 4 8 .3 1 4 8 .6 1 4 9 .4 1 4 4 .3 1 4 4 .6 1 4 0 .8 1 4 4 .1 1 4 3 .0 1 4 5 .4 1 4 5 .0 1 3 7 .0 1 3 7 .8 1 3 4 .9 1 3 7 .2 1 3 6 .0 1 3 8 .3 1 3 8 .0 3 1 5 .4 3 1 9 .3 320 9 3 2 1 .6 3 2 2 .3 3 2 2 .8 3 2 4 .1 3 1 5 .0 3 1 9 .1 3 2 0 .8 3 2 1 .7 3 2 2 .3 3 2 2 .9 324 4 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 1 5 9 .3 1 6 2 .8 1 6 5 .9 1 6 7 .1 1 6 8 .1 1 6 8 .4 1 7 1 .0 1 5 9 .5 1 6 3 .1 1 6 6 .0 1 6 7 .3 1 6 8 .2 1 6 8 .5 1 7 1 .1 1 4 0 .4 1 4 4 .9 1 4 5 .4 1 4 5 .8 1 4 6 .2 1 4 7 .1 1 4 7 .5 1 3 8 .7 1 4 3 .1 1 4 3 .6 1 4 4 .0 1 4 4 .3 1 4 5 .2 1 4 5 .6 M o v in g , s to r a g e , f r e i g h t , h o u s e h o ld la u n d r y , a n d d r y c le a n in g s e r v ic e s ( 1 2 / 7 7 = 1 0 0 ) ........................................ A p p lia n c e a n d f u r n i t u r e r e p a ir ( 1 2 / 7 7 = 1 0 0 ) ............................... A P P A R E L A N D U P K E E P .......................................................................................... 1 9 1 .0 1 9 7 .3 2 0 0 .4 2 0 0 .7 2 0 0 .7 1 9 9 .3 1 9 6 .4 1 9 0 .0 1 9 6 .3 1 9 9 .3 1 9 9 .8 1 9 9 .7 1 9 8 .1 1 9 5 .3 A p p a r e l c o m m o d i t i e s ............................................................................................... 1 7 9 .2 1 8 5 .3 1 8 8 .5 1 8 8 .7 1 8 8 .6 1 8 6 .9 1 8 3 .6 1 7 8 .7 1 8 4 .7 1 8 8 .0 1 8 8 .4 1 8 8 .2 1 8 6 .3 1 8 3 .1 1 7 5 .0 1 8 1 .9 1 8 5 .3 1 8 5 .4 1 8 5 .2 1 8 3 .4 1 7 4 .3 1 8 1 .2 1 8 5 .0 1 8 4 .5 1 8 2 .5 1 7 8 .9 1 8 4 .9 1 8 8 .3 1 9 0 .8 1 9 2 .1 1 9 3 .0 1 9 1 .8 1 8 9 .7 1 8 5 .2 1 8 8 .3 1 9 1 .1 1 9 2 .5 1 9 3 .4 1 9 2 .1 1 9 0 .2 1 1 6 .8 1 1 8 .5 1 2 0 .1 1 2 0 .8 1 2 1 .6 1 2 0 .9 1 1 9 .3 1 1 7 .4 1 1 8 .9 1 2 0 .7 1 2 1 .4 1 2 2 .2 1 2 1 .5 1 1 9 .8 A p p a r e l c o m m o d it ie s le s s f o o t w e a r ...................................................................... M e n 's a n d b o y s ' ...................................................................... M e n 's ( 1 2 / 7 7 = 100) ......................................................... S u its , s p o r t c o a t s , a n d ja c k e t s ( 1 2 / 7 7 = 1 0 0 ) .................. C o a ts a n d j a c k e t s ........................................................................... F u r n is h in g s a n d s p e c ia l c lo t h in g ( 1 2 / 7 7 = S e e f o o t n o t e s a t e n d o f t a b le . 76 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 0 0 ) ........................... 1 0 6 .5 1 1 1 .4 1 1 2 .3 1 1 3 .7 1 1 4 .8 1 7 9 .8 9 9 .9 1 0 4 .4 1 8 4 .6 1 1 2 .9 1 1 0 .8 1 0 7 .7 1 0 5 .8 9 8 .8 9 9 .5 1 0 4 .4 1 0 5 .7 1 0 5 .5 1 0 4 .4 1 0 1 .7 1 0 0 .5 1 0 1 .7 1 0 7 .5 1 0 8 .9 1 0 8 .8 1 0 7 .6 1 0 4 .3 1 4 2 .2 1 4 4 .8 1 4 5 .4 1 4 5 .7 1 4 7 .3 1 4 7 .8 1 4 5 .9 1 3 8 .7 1 4 0 .8 1 4 1 .6 1 0 5 .5 1 4 1 .9 1 0 6 .9 1 4 3 .6 1 4 4 .1 1 4 1 .9 1 0 4 .0 20. Continued— Consumer Price Index— U.S. city average [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c i f i e d ] A ll U r b a n C o n s u m e rs G e n e ra l s u m m a ry U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1983 Jan. Aug. 1 2 4 .5 1 2 1 .6 1984 S e p t. O c t. Nov. D ec. 1 2 5 .2 1983 1984 Jan. Jan. Aug. S e p t. O c t. Nov. Dec Jan. 1 2 8 .9 A P P A R E L A N D U P K E E P — C o n tin u e d A p p a r e l c o m m o d itie s — C o n tin u e d M e n ’ s a n d b o y 's — C o n t in u e d M e n ’ s — C o n t in u e d S h irts ( 1 2 /7 7 = 1 0 0 ) ............................................................................................ 1 2 5 .6 1 2 5 .1 1 2 5 .7 1 2 5 .7 1 2 7 .5 1 2 4 .7 1 2 8 .6 1 2 7 .8 1 2 7 .8 1 2 8 .5 .......................... 1 1 1 .0 1 1 2 .3 1 1 2 .4 1 1 3 .1 1 1 3 .9 1 1 2 .9 1 1 1 .4 1 1 6 .5 1 1 8 .1 1 1 8 .2 1 1 9 .1 1 2 0 .1 1 1 8 .8 ..................................................................................................... 1 1 8 .9 1 2 2 .6 1 2 4 .1 1 2 5 .4 1 2 5 .2 1 2 3 .9 1 2 4 .0 1 1 7 .2 1 2 0 .7 1 2 2 .4 1 2 3 .9 1 2 3 .8 1 2 2 .4 1 2 2 .7 1 0 8 .9 1 1 5 .4 1 1 9 .0 1 2 0 .9 1 1 9 .9 1 1 8 .8 1 1 8 .8 1 1 0 .4 1 1 6 .2 1 2 0 .5 1 2 2 .7 1 2 2 .1 1 2 0 .6 1 2 1 .1 D u n g a r e e s , je a n s , a n d t r o u s e r s ( 1 2 / 7 7 = B o y s ’ ( 1 2 /7 7 = 100) 100) C o a ts , ja c k e t s , s w e a t e r s , a n d s h ir t s ( 1 2 / 7 7 = F u r n is h in g s ( 1 2 / 7 7 = 100) 1 0 0 ) .................. ........................................................................... 1 3 2 .0 1 3 4 .2 1 3 5 .1 1 3 6 .2 1 3 7 .6 1 3 7 .0 1 2 8 .0 1 2 9 .9 1 3 0 .7 1 3 1 .9 1 3 3 .3 1 3 2 .9 1 3 2 .1 . , 1 2 1 .5 1 2 3 .5 1 2 3 .7 1 2 4 .7 1 2 4 .4 1 2 2 .7 1 2 3 .3 1 1 8 .6 1 2 0 .7 1 2 0 .8 1 2 1 .8 1 2 1 .6 1 2 0 .0 1 2 0 .6 ....................................................................................................................... 1 5 3 .9 1 6 4 .2 1 6 8 .8 1 6 8 .6 1 6 7 .0 1 6 4 .9 1 5 8 .8 1 5 5 .4 1 6 5 .8 1 7 0 .2 1 7 0 .4 1 6 0 .0 S u its , t r o u s e r s , s p o r t c o a t s , a n d ja c k e t s ( 1 2 / 7 7 = W o m e n 's a n d g ir ls ' 100) 1 3 6 .2 1 1 7 .1 1 6 8 .6 1 6 6 .0 ............................................................................................ 1 0 1 .8 1 0 9 .5 1 1 2 .8 1 1 2 .3 1 1 0 .9 1 0 9 .5 1 0 5 .4 1 0 2 .9 1 1 1 .1 1 1 4 .3 1 1 4 .0 1 1 2 .4 1 1 0 .8 1 0 6 .8 C o a ts a n d j a c k e t s ..................................................................................................... 1 5 8 .1 1 7 1 .6 1 7 6 .6 1 7 5 .9 1 7 3 .3 1 7 0 .3 1 6 2 .8 1 6 1 .4 1 7 5 .3 1 8 1 .6 1 8 1 .2 1 7 7 .4 1 7 4 .8 1 6 6 .9 1 6 4 .1 1 3 9 .8 1 5 7 .1 W o m e n ’s ( 1 2 /7 7 = D re sse s 100) ........................................................................................................................... 1 7 1 .4 1 7 6 .7 1 7 3 .8 1 5 8 .7 1 6 2 .6 1 5 8 .9 1 5 8 .0 9 3 .7 9 9 .4 1 0 2 .5 1 0 3 .9 1 0 2 .0 9 8 .9 9 4 .5 9 4 .4 9 9 .7 1 0 2 .9 1 0 4 .2 1 0 2 .4 9 9 .4 9 4 .7 ................. 1 2 8 .8 1 3 3 .2 1 3 5 .1 1 3 5 .6 1 3 6 .1 1 3 6 .5 1 3 4 .8 1 2 8 .4 1 3 2 .9 1 3 4 .8 1 3 5 .3 1 3 5 .7 1 3 6 .2 1 3 4 .4 1 0 0 ) ............................................................................................ 7 6 .9 8 7 .3 9 4 .3 8 9 .9 8 5 .7 8 1 .7 7 5 .2 9 1 .8 1 0 8 .1 1 1 5 .0 1 1 2 .6 1 0 5 .8 1 0 0 .2 9 3 .9 1 0 0 ) .......................................................................................................... 1 0 6 .6 1 0 5 .0 1 0 6 .8 1 0 8 .3 1 1 0 .4 1 1 0 .8 1 0 8 .8 1 0 4 .8 S e p a r a te s a n d s p o r ts w e a r ( 1 2 / 7 7 = ....................................... 100) U n d e r w e a r , n ig h tw e a r , a n d h o s ie r y ( 1 2 /7 7 = S u its ( 1 2 / 7 7 = G irls ’ ( 1 2 /7 7 = C o a ts , ja c k e t s , d r e s s e s , a n d s u it s ( 1 2 / 7 7 = S e p a r a te s a n d s p o r ts w e a r ( 1 2 /7 7 = 100) 100) 1 5 2 .9 1 7 1 .9 1 7 2 .0 1 5 0 .5 1 0 5 .1 1 0 7 .7 1 0 4 .5 1 1 1 .4 1 1 1 .8 1 1 0 .2 1 0 0 ) ...................... 9 5 .8 1 0 1 .9 1 0 1 .6 1 0 5 .8 1 0 6 .2 1 0 1 .8 9 8 .1 9 5 .2 9 8 .7 9 8 .5 1 0 3 .1 1 0 3 .3 9 8 .8 9 5 .1 ....................................... 1 0 2 .1 1 0 2 .0 1 0 6 .3 1 0 6 .8 1 0 7 .6 1 0 6 .7 1 0 2 .6 102 9 1 0 2 .9 1 0 6 .8 1 0 7 .4 1 0 8 .3 1 0 6 .3 1 0 1 .4 U n d e r w e a r , n ig h tw e a r , h o s ie r y , a n d a c c e s s o r ie s ( 1 2 / 7 7 = I n f a n t s ’ a n d t o d d le r s ’ 1 0 0 ) ...................................................................... .................................................................................................................. O th e r a p p a r e l c o m m o d it ie s ..................................................................................................... S e w in g m a te r ia ls a n d n o t io n s ( 1 2 / 7 7 = 1 2 7 .8 1 2 8 .4 1 2 9 .0 1 2 8 .7 1 3 0 .5 1 2 8 .0 1 2 6 .8 1 2 6 .7 1 2 7 .0 1 2 7 .6 1 2 7 .5 1 2 9 .1 1 2 6 .5 2 8 1 .9 2 8 7 .4 2 8 9 .0 2 8 8 .7 2 8 2 .7 2 8 3 .6 2 8 7 .5 2 9 2 .3 2 9 7 .9 2 9 9 .9 2 9 8 .1 2 9 2 .1 2 9 2 .4 2 1 6 .2 2 1 7 .4 2 1 5 .5 2 1 6 .6 2 1 5 .6 2 1 5 .5 2 0 0 .1 2 0 4 .6 2 0 5 .9 2 0 4 .0 2 0 5 .2 2 0 4 .2 2 0 3 .7 ............................................ 1 2 0 .4 1 2 1 .6 1 2 1 .9 1 2 0 .4 1 1 8 .6 1 2 1 .4 1 1 9 .8 1 1 8 .5 1 1 9 .8 1 2 0 .2 1 1 8 .5 1 1 6 .8 1 1 9 .3 1 1 7 .7 .................................................................. 1 4 3 .7 1 4 7 .5 1 4 8 .5 1 4 7 .4 1 4 9 .2 1 4 7 .0 1 4 7 .6 1 3 4 .4 1 3 8 .0 1 3 9 .0 1 3 8 .0 1 4 0 .0 1 3 7 .8 1 3 8 .1 F o o t w e a r .............................................................................................................................................................. 2 0 4 .8 2 0 5 .7 2 0 8 .0 2 0 8 .6 2 0 9 .1 2 0 7 .9 2 0 6 .7 2 0 4 .6 2 0 5 .5 2 0 7 .6 2 0 8 .1 2 0 9 .1 2 0 8 .3 2 0 7 .3 1 3 1 .4 1 3 2 .3 1 3 4 .8 1 3 5 .0 1 3 5 .8 1 3 4 .7 1 3 4 .4 1 3 3 .0 1 3 4 .2 1 3 6 .7 1 3 6 .9 1 3 7 .6 1 3 6 .6 1 3 6 .4 1 3 0 .4 1 3 0 .3 1 3 0 .4 1 3 1 .1 1 3 1 .8 1 3 2 .9 1 3 2 .6 1 3 2 .9 1 3 2 .6 1 3 2 .9 1 3 3 .2 1 3 4 .0 1 3 5 .2 1 3 5 .0 J e w e lr y a n d lu g g a g e ( 1 2 / 7 7 = M e n ’s (1 2 /7 7 = 100) 100) 1 2 5 .7 2 7 7 .1 2 1 1 .5 1 0 0 ) .................................................................................................................. B o y s ’ a n d g ir ls ' ( 1 2 / 7 7 = 1 0 0 ) ............................................................................................ W o m e n 's ( 1 2 / 7 7 = ......................................................................................................... 1 2 4 .5 1 2 5 .3 1 2 6 .8 1 2 7 .1 1 2 6 .7 1 2 5 .2 1 2 3 .7 1 2 0 .4 1 2 1 .1 1 2 2 .3 1 2 2 .6 1 2 2 .9 1 2 1 .7 1 2 0 .3 ................................................................................................................................................................... 2 8 3 .9 2 9 2 .3 2 9 3 .4 2 9 4 .6 2 9 6 .2 2 9 7 .0 2 9 8 .3 2 8 2 .2 2 9 0 .4 291 5 2 9 2 .6 2 9 4 .3 2 9 5 .0 2 9 6 .1 .................. 1 6 9 .6 1 7 4 .5 1 7 4 .4 1 7 6 .0 1 7 7 .0 177/ 1 7 9 .0 1 6 8 .1 1 7 2 .9 1 7 3 .3 1 7 4 .3 1 7 5 .4 1 7 6 .0 1 7 7 .3 1 0 0 ) ........................................................................................ 1 4 8 .3 1 5 2 .7 1 5 3 .7 1 5 3 .8 1 5 4 .5 1 5 4 .5 1 5 4 .2 1 4 9 .4 1 5 3 .9 1 5 4 .8 1 5 4 .9 1 5 5 .6 1 5 5 .6 1 5 5 .4 T R A N S P O R T A T IO N 2 9 3 .0 3 0 2 .4 3 0 3 .7 3 0 5 .7 3 0 6 .3 3 0 6 .3 3 0 6 .0 2 9 4 .3 3 0 4 .1 3 0 5 .5 3 0 6 .9 3 0 8 .2 3 0 8 .2 3 0 7 .9 P r i v a t e ................................................................................................................................................................................................... 2 8 8 .4 2 9 8 .0 2 9 9 .2 3 0 0 .4 3 0 1 .7 3 0 1 .8 3 0 0 .9 2 9 0 .9 3 0 0 .8 302 2 3 0 3 .6 3 0 4 .9 3 0 5 .0 3 0 4 .1 A p p a r e l s e r v ic e s 100) L a u n d r y a n d d r y c le a n in g o t h e r t h a n c o in o p e r a te d ( 1 2 / 7 7 = O t h e r a p p a r e l s e r v ic e s ( 1 2 / 7 7 = 100) N e w c a r s .............................................................................................................................................................. U s e d c a rs G a s o '.n e 2 0 2 .7 2 0 7 .2 2 0 0 .8 3 1 1 .0 3 3 6 .8 3 4 3 .9 3 5 0 .4 3 5 6 .1 3 5 7 .6 3 5 7 .3 3 1 1 .1 3 3 6 .8 3 4 3 .9 3 5 0 .4 3 5 6 .1 3 5 7 .6 3 5 7 .3 3 7 1 .9 3 8 9 .5 3 8 7 .1 3 8 2 .4 3 7 8 .1 3 7 5 .2 3 7 0 .3 3 7 3 .6 3 9 1 .0 3 8 8 .8 3 8 4 .3 3 8 0 .1 3 7 7 .0 3 7 2 .1 ............................................................................................ 3 2 4 .4 3 3 1 .0 3 3 2 .3 3 3 3 .5 3 3 5 .2 3 3 5 .4 3 3 6 .1 3 3 5 .2 3 3 1 .7 3 3 3 .0 3 3 4 .1 3 3 5 .6 3 3 5 .9 3 3 6 .6 ..................................................................................................... 1 6 2 .2 1 6 7 .1 1 6 7 .7 169.0 169.5 169.6 170.2 1 6 1 .1 166.0 1 6 6 .5 167.8 168.2 16 8.3 168.9 1 5 5 .4 1 5 8 .9 1 6 0 .7 1 6 1 .9 1 6 3 .4 1 6 3 .6 1 6 3 .8 1 5 9 .4 1 6 2 .8 1 6 4 .5 1 6 5 .7 1 6 7 .2 1 6 7 .4 1 6 7 .6 1 5 0 .5 1 5 2 .8 1 5 2 .5 1 5 2 .7 1 5 1 .9 1 5 1 .7 1 5 1 .9 A u t o m o b i le m a in te n a n c e a n d r e p a ir B o d y w o rk ( 1 2 /7 7 = 100) 2 0 1 .0 2 0 2 .1 .......................................................................................................................................................... .............................................................................................................................................................. 2 0 4 .3 2 0 6 .2 2 0 7 .0 2 0 1 .7 2 0 2 .3 2 0 3 .8 2 0 5 .7 2 0 6 .5 2 0 6 .7 A u t o m o b i le d r iv e t r a i n , b r a k e , a n d m i s c e lla n e o u s m e c h a n ic a l r e p a ir ( 1 2 / 7 7 = 100) ............................................................................... M a in te n a n c e a n d s e r v ic in g ( 1 2 / 7 7 = 1 0 0 ) .................................................................. P o w e r p la n t r e p a ir ( 1 2 /7 7 = 1 5 2 .6 1 5 2 .8 1 5 2 .9 1 4 9 .9 1 5 2 .2 1 5 2 .0 1 5 2 .0 1 0 0 ) ................................................................................... 1 5 4 .4 1 5 7 .5 1 5 8 .4 1 5 9 .1 1 6 0 .2 1 6 0 .1 1 6 0 .9 1 5 3 .4 1 5 6 .9 1 5 7 .8 1 5 8 .5 1 5 9 .5 1 5 9 .5 1 6 0 .4 O th e r p r iv a te t r a n s p o r t a t i o n .................................................................................................................. 2 5 9 .9 2 6 0 .0 2 6 0 .8 2 6 3 .3 2 6 5 .6 2 6 6 .8 2 6 7 .6 261 5 2 6 1 .1 2 6 1 .8 2 6 4 .4 2 6 6 .6 2 6 7 .9 2 6 8 .4 2 1 5 .6 2 0 8 .9 2 0 8 .3 2 0 8 .1 2 0 9 .2 2 0 8 .4 2 0 3 .3 2 1 8 .0 2 1 1 .2 2 1 0 .9 2 1 0 .7 2 1 1 .7 2 1 1 .4 2 0 5 .6 1 5 4 .2 1 5 2 .7 O t h e r p r iv a te t r a n s p o r t a t io n c o m m o d it ie s .................................................................. M o t o r o il , c o o la n t , a n d o t h e r p r o d u c t s ( 1 2 /7 7 = 100) ...................... 1 5 3 .4 1 5 3 .5 1 5 2 .9 1 5 3 .3 1 5 3 .3 1 5 3 .0 1 5 2 .6 1 5 3 .2 1 5 2 .2 1 5 1 .7 1 5 2 .3 ................................... 1 3 7 .3 1 3 2 .4 1 3 1 .9 1 3 1 .9 1 3 2 .7 1 3 2 .4 1 2 8 .3 1 3 9 .1 1 3 4 .1 1 3 3 .8 1 3 3 .8 1 3 4 .6 1 3 4 .3 1 3 0 .0 ................................................................................................................................... 1 9 1 .3 1 8 3 .4 1 8 1 .7 1 8 1 .7 1 8 3 .1 1 8 2 .7 1 7 5 .7 1 8 4 .9 1 8 6 .9 1 8 5 .4 1 8 5 .4 1 8 7 .0 1 8 6 .5 1 7 8 .5 1 0 0 ) ........................................ 1 3 4 .3 1 3 1 .6 1 3 2 .9 1 3 3 .0 1 3 3 .0 1 3 2 .9 1 3 2 .1 1 3 4 .3 1 3 1 .3 132 8 1 3 2 .8 1 3 2 .9 1 3 2 .7 1 3 1 .9 O t h e r p r iv a te t r a n s p o r t a t io n s e r v i c e s ............................................................................... 2 7 4 .2 2 7 6 .0 2 7 7 .3 2 8 0 .5 2 8 3 .1 2 8 4 .8 2 8 7 .2 2 7 5 .6 2 7 6 .8 2 7 7 .8 2 8 1 .1 2 8 3 .7 2 8 5 .4 2 8 7 .6 2 9 2 .0 3 0 2 .9 3 0 3 .8 3 0 9 .4 3 1 2 .8 3 1 5 .0 3 1 8 .8 2 9 1 .3 3 0 2 .5 3 0 3 .4 3 0 8 .8 3 1 2 .1 3 1 4 .3 3 1 8 .0 1 6 9 .6 1 5 5 .4 1 5 6 .4 1 5 7 .2 1 5 9 .1 1 6 0 .0 1 6 0 .1 1 6 8 .7 1 5 5 .0 1 5 5 .8 1 5 6 .8 1 5 8 .7 1 5 9 .7 1 5 9 .6 1 3 9 .8 1 4 6 .0 1 4 6 .9 1 4 7 .1 1 4 7 .3 1 4 7 .5 1 4 8 .9 1 4 0 .5 1 4 7 .2 1 4 7 .9 1 4 8 .2 1 4 8 .3 1 4 8 .6 1 4 9 .8 A u t o m o b ile p a r ts a n d e q u ip m e n t ( 1 2 / 7 7 = T ir e s O th e r p a r ts a n d e q u ip m e n t ( 1 2 /7 7 = A u t o m o b ile in s u r a n c e 100) ..................................................................................................... A u t o m o b ile fin a n c e c h a r g e s ( 1 2 /7 7 = 100) ................................................ A u t o m o b ile r e n ta l, r e g is tr a t io n , a n d o t h e r fe e s ( 1 2 /7 7 = S ta te r e g is tr a t io n ..................................................................................................... D r iv e r s ’ lic e n s e s ( 1 2 /7 7 = V e h ic le in s p e c t io n ( 1 2 /7 7 = 1 8 4 .6 1 9 4 .6 1 9 5 .3 1 9 5 .4 1 9 5 .4 1 9 5 .6 1 9 5 .1 1 8 4 .0 1 9 4 .5 1 9 5 .2 1 9 5 .2 1 9 5 .2 1 9 5 .4 1 9 5 .0 1 0 0 ) .................................................................. 1 3 2 .8 1 5 3 .0 1 5 3 .0 1 5 4 .0 1 5 4 .5 1 5 4 .5 1 5 8 .0 1 3 3 .1 1 5 3 .4 1 5 3 .4 1 5 4 .4 1 5 4 .8 1 5 4 .8 1 5 8 .3 1 0 0 ) ............................................................. 1 2 9 .6 1 3 9 .0 1 3 9 .8 1 3 9 .8 1 3 9 .8 1 3 9 .8 1 3 9 .2 1 2 9 .9 1 3 9 .8 1 4 0 .5 1 4 0 .5 1 4 0 .5 1 4 0 .5 1 3 9 .9 1 5 5 .8 1 5 8 .8 1 6 0 .5 1 6 0 .2 1 6 0 .5 1 6 0 .7 1 6 3 .5 1 6 3 .9 1 6 6 .3 1 6 7 .8 1 6 7 .6 1 6 7 .7 1 6 7 .9 1 7 0 .4 3 7 0 .3 3 6 9 .0 3 7 8 .2 3 4 9 .8 3 5 5 .7 3 5 7 .2 3 5 8 .5 3 5 9 .9 3 5 9 .0 3 7 1 .1 O th e r v e h ic le - r e la t e d fe e s ( 1 2 / 7 7 = P u b lic 100) . . 1 5 2 .2 1 0 0 ) ............................................ ..................................... 3 5 7 .7 3 6 5 .0 3 6 6 .6 3 6 8 .2 A ir lin e f a r e ................................... 4 1 2 .3 I n t e r c it y b u s fa r e 4 2 0 .7 4 2 3 .3 4 2 6 .6 4 3 1 .6 4 2 8 .5 4 3 0 .3 4 0 9 .8 4 1 7 .1 4 1 9 .5 ................................... 381 8 4 1 2 .8 4 1 5 .1 4 1 7 .7 4 1 6 .0 4 0 5 .5 4 2 5 .3 3 8 3 .3 4 1 2 .7 4 1 5 .3 4 1 7 .6 4 1 6 .9 4 0 2 .6 4 2 3 .9 I n t r a c it y m a s s t r a n s i t .......................... 3 1 8 .5 3 2 3 .7 3 2 4 .6 3 2 4 .8 3 2 4 .3 3 2 4 .5 3 4 2 .8 3 1 7 .4 3 2 1 .6 3 2 2 .5 3 2 3 .0 3 2 2 .5 3 2 2 .7 3 4 2 .8 T a x i fa re 3 0 0 .9 3 0 2 .4 3 0 3 .5 3 0 3 .1 3 0 4 .7 3 0 7 .6 3 0 8 .2 3 1 0 .5 3 1 1 .8 3 1 2 .7 3 1 2 .2 3 1 3 .5 3 1 6 .7 3 1 7 .2 I n t e r c it y t r a i n f a r e ................................................ 3 5 1 .8 3 6 4 .5 3 6 4 .8 3 6 5 .4 3 6 4 .8 3 7 0 .7 3 7 3 .7 3 5 2 .3 365 2 3 6 5 .4 3 6 6 .1 3 6 5 .6 3 7 1 .3 3 7 4 .0 ......................................................... 4 2 2 .5 4 2 7 .2 4 2 4 .4 4 2 6 .4 M E D IC A L C A R E 3 4 7 .8 3 6 0 .0 3 6 1 .2 3 6 2 .9 3 6 4 .9 3 6 6 .2 3 6 9 .5 3 4 5 .3 3 5 7 .9 3 5 9 .2 3 6 0 .9 3 6 2 .9 3 6 4 .3 3 6 7 .5 M e d ic a l c a re c o m m o d itie s 2 1 5 .3 2 2 5 .4 2 2 6 .3 2 2 7 .5 2 2 8 .9 2 2 9 .9 2 3 1 .2 2 1 5 .9 225 8 2 2 6 .7 2 2 7 .8 2 2 9 .1 2 3 0 .1 2 3 1 .5 P r e s c r ip tio n d r u g s ................................................................................... 2 0 4 .1 2 1 5 .7 2 1 6 .7 2 1 8 .6 2 2 0 .8 2 2 2 .3 2 2 3 .7 2 0 5 .3 2 1 6 .9 2 1 8 .0 2 1 9 .9 2 2 2 .1 2 2 3 .1 2 2 5 .0 1 5 1 .4 1 5 7 .9 1 5 8 .1 1 5 8 .6 1 5 9 .1 1 6 1 .2 1 6 1 .4 1 5 3 .5 1 6 0 .1 1 6 0 .3 1 6 0 .8 1 6 1 .5 1 6 3 .5 1 6 6 .6 1 7 9 .1 1 7 9 .9 1 8 2 .8 1 8 6 .9 1 8 8 .4 1 9 0 .1 1 6 6 .4 1 7 8 ,7 1 7 9 .7 1 8 2 .6 1 8 6 .7 1 8 8 .3 1 9 0 .0 1 4 5 .9 1 5 5 .4 1 5 5 .8 1 5 8 .1 1 5 9 .9 1 6 0 .6 1 6 1 .5 1 4 5 .8 1 5 5 .4 1 5 5 .7 1 5 7 .9 1 5 9 .7 1 6 0 .3 1 6 1 .1 1 8 6 .5 1 9 9 .2 2 0 0 .0 2 0 1 .9 2 0 4 .0 2 0 5 .0 2 0 5 .8 1 8 8 .0 2 0 1 .1 2 0 1 .9 2 0 4 .0 2 0 6 .1 2 0 7 .1 2 0 7 .9 A n t i- in f e c t i v e d r u g s ( 1 2 / 7 7 = 1 0 0 ) ....................................... T r a n q u iliz e r s a n d s e d a tiv e s ( 1 2 / 7 7 = C ir c u la to r ie s a n d d iu r e t ic s ( 1 2 / 7 7 = 100) .......................... 1 0 0 ) ............................................ 1 6 4 .2 F lo r m o n e s , d ia b e tic d r u g s , b io lo g ic a ls , a n d p r e s c r ip t io n m e d ic a l s u p p lie s ( 1 2 / 7 7 = 1 0 0 ) ....................................... S e e f o o t n o t e s a t e n d o f t a b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 77 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Consumer Prices 20. Continued— Consumer Price Index— U.S. city average [1967 = 100 unless otherwise specified] A ll U r b a n C o n s u m e rs G e n e ra l s u m m a ry Jan. P a in a n d s y m p t o m c o n t r o l d r u g s ( 1 2 /7 7 = U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1983 1 0 0 ) ................................................ Aug. S e p t. 1984 O c t. Nov. D ec. 1983 1984 Jan. Jan. Aug. S e p t. O c t. Nov. Dec Jan. 1 7 7 .5 1 7 9 .4 1 8 0 .6 1 8 2 .4 1 8 3 .0 1 8 4 .2 1 6 7 .4 1 6 7 .7 1 7 5 .7 1 7 7 .5 1 7 8 .7 1 8 0 .5 1 8 1 .1 1 8 2 .1 1 6 9 .5 1 5 5 .8 1 6 2 .6 1 6 3 .8 1 6 4 .2 1 6 4 .7 1 6 5 .7 1 6 7 .1 1 5 6 .2 1 6 2 .9 1 6 4 .1 1 6 4 .5 1 6 5 .1 1 6 6 .2 1 5 1 .0 1 5 6 .7 1 5 7 .3 1 5 7 .5 1 5 7 .9 1 5 8 .3 1 5 9 .2 1 5 1 .8 1 5 7 .5 1 5 9 .1 1 5 8 .3 1 5 8 .8 1 5 9 .1 1 6 0 .1 S u p p le m e n t s , c o u g h a n d c o ld p r e p a r a t io n s , a n d r e s p ir a to r y a g e n t s ( 1 2 / 7 7 = 1 0 0 ) ............................................................................... N o n p r e s c r ip tio n d r u g s a n d m e d ic a l s u p p lie s ( 1 2 / 7 7 = E y e g la s s e s ( 1 2 / 7 7 = ..................................................................................................... 1 3 3 .9 1 3 6 .2 1 3 7 .7 1 3 7 .3 1 3 7 .8 1 3 7 .7 1 3 7 .9 1 3 2 .6 1 3 5 .1 1 3 6 .7 1 3 6 .2 1 3 6 .6 1 3 6 .5 1 3 6 .8 In te r n a l a n d r e s p ir a to r y o v e r - t h e - c o u n t e r d r u g s ..................................................... 2 4 4 .3 2 5 5 .0 2 5 5 .6 2 5 6 .1 2 5 6 .4 2 5 7 .5 2 5 9 .4 2 4 5 .7 2 5 6 .3 2 5 6 .9 2 5 7 .4 2 5 7 .7 2 5 8 .8 2 6 0 .6 N o n p r e s c r ip tio n m e d ic a l e q u ip m e n t a n d s u p p lie s ( 1 2 / 7 7 = 1 4 5 .3 1 5 1 .0 1 5 1 .2 1 5 1 .8 1 5 2 .7 1 5 2 .6 1 5 3 .4 1 4 6 .3 1 5 2 .4 1 5 2 .3 1 5 3 .0 1 5 4 .1 1 5 4 .0 1 5 5 .0 3 7 7 .4 3 8 9 .8 3 9 1 .0 3 9 2 .9 3 9 5 .0 3 9 6 .3 4 0 0 .0 3 7 4 .0 3 8 7 .0 3 8 8 .3 3 9 0 .2 3 9 2 .3 3 9 3 .8 3 9 7 .5 M e d ic a l c a r e s e r v ic e s P r o fe s s io n a l s e r v ic e s 100) 1 0 0 ) ................................... 100) . . . ......................................................................................................................................... ................................................................................................................................ 3 1 2 .5 3 2 6 .0 3 2 7 .6 3 2 9 .7 3 3 1 .7 3 3 2 .9 3 3 5 .9 3 1 2 .7 3 2 6 .5 3 2 8 .0 3 3 0 .1 P h y s ic ia n s ' s e r v i c e s ....................................................................................................................... 3 4 1 .3 3 5 4 .9 3 5 6 .5 3 5 8 .5 3 6 0 .5 3 6 2 .0 3 6 6 .0 3 4 4 .6 3 5 8 .8 3 6 0 .5 3 6 2 .3 3 6 4 .3 3 6 5 .9 3 6 9 .9 D e n ta l s e r v i c e s ................................................................................................................................ 2 9 1 .6 3 0 6 .5 3 0 8 .3 3 1 0 .7 3 1 2 .9 3 1 4 .0 3 1 6 .0 2 8 9 .3 3 0 4 .3 3 0 6 .1 3 0 8 .5 3 1 0 .7 3 1 1 .8 3 1 3 .9 O t h e r p r o fe s s io n a l s e r v ic e s ( 1 2 /7 7 = 1 4 9 .1 1 5 4 .0 1 5 4 .3 1 5 5 .4 1 5 5 .9 1 5 6 .2 1 5 7 .4 1 4 5 .7 1 5 0 .5 1 5 0 .8 1 5 1 .8 1 5 2 .5 1 5 2 .7 1 5 3 .8 4 5 5 .9 4 6 6 .9 4 6 7 .8 4 6 9 .3 4 7 1 .5 4 7 3 .0 4 7 7 .9 4 5 1 .3 4 6 2 .9 4 6 3 .9 4 6 5 .6 4 6 7 .9 4 6 9 .5 4 7 4 .1 100) ............................................................. O t h e r m e d ic a l c a r e s e r v i c e s .............................................................................................................. H o s p ita l a n d o t h e r m e d ic a l s e r v ic e s ( 1 2 / 7 7 = 3 3 2 .0 3 3 3 .3 3 3 6 .3 1 0 0 ) ............................................ 1 8 5 .1 1 9 6 .7 1 9 7 .8 1 9 9 .4 2 0 1 .0 2 0 2 .2 2 0 4 .3 1 8 3 .4 1 9 4 .6 1 9 5 .7 1 9 7 .3 1 9 9 .0 2 0 0 .1 2 0 2 .1 H o s p ita l r o o m ............................................................................................................................... 5 9 4 .6 6 2 7 .6 6 3 3 .8 6 3 8 .0 6 4 1 .9 6 4 3 .5 6 5 0 .2 5 8 7 .1 6 1 9 .5 6 2 6 .1 6 3 0 .2 6 3 3 .9 6 3 5 .9 6 4 1 .9 ...................... 1 8 0 .6 1 9 3 .0 1 9 3 .3 1 9 5 .1 1 9 7 .1 1 9 8 .8 2 0 0 .9 1 7 9 .4 1 9 1 .2 1 9 1 .4 1 9 3 .3 1 9 5 .4 1 9 7 .0 1 9 9 .1 E N T E R T A IN M E N T 2 4 1 .5 2 4 6 .6 2 4 7 .5 2 4 9 .1 2 4 9 .5 2 4 9 .5 2 4 9 .9 2 3 7 .7 2 4 3 .1 2 4 4 .1 2 4 5 .4 2 4 5 .7 2 4 5 .8 2 4 6 .2 E n t e r ta in m e n t c o m m o d itie s 2 4 2 .6 2 4 8 .0 2 4 8 .0 2 4 9 .3 2 4 9 .0 2 4 8 .7 2 4 8 .9 2 3 6 .7 2 4 2 .5 2 4 2 .6 2 4 3 .7 2 4 3 .4 2 4 3 .1 2 4 3 .6 1 5 6 .1 1 6 0 .9 1 6 1 .2 1 6 3 .4 1 6 2 .9 1 6 2 .3 160.7 1 5 5 .5 160.2 1 6 0 .5 162.8 162.3 161.8 1 6 0.3 2 9 5 .7 3 0 3 .5 3 0 4 .0 3 0 6 .9 3 0 7 .7 3 0 8 .2 3 0 8 .6 2 9 5 .6 3 0 3 .4 3 0 3 .9 3 0 7 .0 3 0 7 .8 3 0 8 .3 3 0 8 .6 1 6 2 .9 1 6 8 .4 1 6 8 .6 1 7 1 ,7 1 7 0 .2 1 6 8 .6 1 6 5 .0 1 6 2 .6 1 6 8 .5 1 6 8 .8 1 7 2 .0 1 7 0 .4 1 6 8 .7 1 6 4 .9 1 3 1 .5 1 3 4 .1 1 3 4 .6 1 3 4 .5 1 3 4 .7 1 3 5 .0 1 3 6 .1 1 2 4 .4 1 2 8 .3 1 2 8 .9 1 2 8 .6 1 2 8 .7 1 2 9 .1 1 3 0 .1 O t h e r h o s p it a l a n d m e d ic a l c a r e s e r v ic e s ( 1 2 /7 7 = R e a d in g m a te r ia ls ( 1 2 / 7 7 = N e w s p a p e rs 100) 100) ................................................................................................. .................................................................................................................................... M a g a z in e s , p e r io d ic a ls , a n d b o o k s ( 1 2 / 7 7 = S p o r t i n g g o o d s a n d e q u ip m e n t ( 1 2 / 7 7 = S p o r t v e h ic le s ( 1 2 / 7 7 = 100) 1 0 0 ) ................................................ 1 0 0 ) ................................................ ............................................................................................ 1 3 2 .9 1 3 6 .4 1 3 7 .4 1 3 7 .3 1 3 7 .8 1 3 8 .5 1 3 9 .8 1 2 2 .0 1 2 0 .3 1 1 8 .5 1 1 8 .6 1 1 8 .6 1 1 8 .1 1 1 7 .4 1 1 7 .8 1 1 7 .8 1 1 6 .6 1 1 6 .3 1 1 6 .4 1 1 6 .0 1 1 5 .3 1 1 5 .8 B i c y c l e s ...................................................................................................................................................... 1 9 7 .3 1 9 9 .9 2 0 0 .1 1 9 9 .9 1 9 8 .6 1 9 8 .2 2 0 0 .1 1 9 8 .4 2 0 0 .7 2 0 0 .9 2 0 0 .7 1 9 9 .3 1 9 9 .0 2 0 0 .9 O t h e r s p o r t in g g o o d s a n d e q u ip m e n t ( 1 2 / 7 7 = 1 3 1 .4 1 3 3 .1 1 3 4 .6 1 3 4 .0 1 3 4 .5 1 3 4 .8 1 3 5 .2 1 3 0 .9 1 3 2 .9 1 3 4 .5 1 3 3 .8 1 3 4 .4 1 3 4 .7 1 3 4 .6 1 3 6 .8 1 3 9 .3 1 3 8 .8 1 3 9 .3 1 3 9 .1 1 3 8 .8 1 3 9 .3 1 3 5 .6 1 3 8 .0 1 3 7 .7 1 3 8 .1 1 3 7 .8 1 3 7 .6 I n d o o r a n d w a r m w e a t h e r s p o r t e q u ip m e n t ( 1 2 /7 7 = T o y s , h o b b ie s , a n d o t h e r e n t e r t a in m e n t ( 1 2 / 7 7 = 100) . . . 1 0 0 ) ........................................ 100) .......................... 1 2 7 .8 1 2 8 .5 1 2 8 .2 1 2 8 .5 1 2 9 .2 1 3 0 .5 1 3 8 .2 T o y s , h o b b ie s , a n d m u s i c e q u ip m e n t ( 1 2 /7 7 = 1 0 0 ) ....................................... 1 3 5 .5 1 3 7 .7 1 3 6 .7 1 3 7 .3 1 3 6 .7 1 3 6 .6 1 3 7 .0 1 3 1 .9 1 3 3 .9 1 3 3 .0 1 3 3 .5 1 3 2 .8 1 3 2 .9 1 3 3 .4 P h o t o g r a p h ic s u p p lie s a n d e q u ip m e n t ( 1 2 / 7 7 = 100) 1 2 9 .9 1 3 1 .6 1 3 1 .0 1 3 1 .9 1 3 1 .7 1 3 0 .2 1 3 0 .1 1 3 1 .0 1 3 2 .8 1 3 2 .1 1 3 3 .0 1 3 2 .7 1 3 1 .2 1 3 1 .2 1 4 4 .2 1 4 7 .5 1 4 8 .5 1 4 8 .5 1 4 8 .8 1 4 8 .9 1 5 0 .1 1 4 5 .1 1 4 8 .6 1 4 9 .6 1 4 9 .6 1 4 9 .9 1 5 0 .1 1 5 1 .1 2 4 0 .5 2 4 5 .0 2 4 7 .2 2 4 9 .2 2 5 0 .5 2 5 1 .1 2 5 1 .8 2 4 0 .8 2 4 5 .4 2 4 7 .8 2 4 9 .7 2 5 1 .0 2 5 1 .7 2 5 2 .1 P e t s u p p lie s a n d e x p e n s e s ( 1 2 / 7 7 = ................................... 1 0 0 ) ......................................................... E n t e r t a i n m e n t s e r v i c e s ......................................................................................................... F e e s f o r p a r tic ip a n t s p o r ts ( 1 2 /7 7 = 1 0 0 ) ........................................................................... 1 5 0 .0 1 5 2 .2 1 5 4 .4 1 5 5 .6 1 5 6 .4 1 5 6 .9 1 5 7 .8 1 5 1 .2 1 5 3 .2 1 5 5 .5 1 5 6 .9 1 5 8 .1 1 5 8 .8 1 3 9 .9 1 4 5 .4 1 4 5 .2 1 4 5 .8 1 4 6 .6 1 4 7 .2 1 4 7 .3 1 3 8 .8 1 4 4 .5 1 4 4 .2 1 4 4 .8 1 4 5 .6 1 4 6 .3 1 4 6 .2 1 2 9 .8 1 2 9 .8 1 3 1 .0 1 3 2 .6 133 3 1 3 3 .0 1 3 2 .9 1 3 0 .6 1 3 0 .7 1 3 2 .3 1 3 3 .6 1 3 4 .4 1 3 4 .0 1 3 3 .9 O T H E R G O O D S A N D S E R V IC E S 2 7 9 .9 2 8 9 .0 2 9 4 .4 2 9 6 .8 2 9 8 .1 2 9 8 .6 3 0 0 .5 2 7 7 .8 2 8 8 .0 2 9 2 .0 2 9 4 .1 2 9 5 .5 2 9 5 .9 2 9 8 .1 T o b a c c o p r o d u c ts 2 8 0 .3 2 9 7 .7 2 9 8 .0 2 9 9 .0 2 9 9 .9 2 9 9 .9 3 0 4 .3 2 7 9 .9 2 9 7 .5 2 9 7 .8 2 9 8 .8 2 9 9 .7 2 9 9 .6 3 0 4 .0 2 8 7 .6 3 0 6 .1 3 0 6 .4 3 0 7 .4 3 0 8 .2 3 0 8 .0 3 1 2 .8 2 8 6 .5 3 0 5 .2 3 0 5 .5 3 0 6 .5 3 0 7 .3 3 0 7 ,0 3 1 1 .8 1 4 5 .8 1 5 0 .9 1 5 1 .2 1 5 1 .4 1 5 2 .7 1 5 3 .9 1 5 4 .9 1 4 5 .8 1 5 0 .9 1 5 1 .2 1 5 1 .4 1 5 2 .7 1 5 3 .9 1 5 4 .9 P e rs o n a l c a re 2 5 6 .1 2 6 2 .1 2 6 3 .0 2 6 3 .3 2 6 5 .6 2 6 6 .3 2 6 6 .9 2 5 3 .9 2 6 0 .1 2 6 0 .9 2 6 1 .5 2 6 3 .7 2 6 4 .4 2 6 5 .0 T o i le t g o o d s a n d p e r s o n a l c a r e a p p l i a n c e s ............................................ 2 5 3 .9 2 6 1 .9 262 4 2 6 3 .0 2 6 5 .7 2 6 6 .3 2 6 6 .8 2 5 4 .8 2 6 2 .6 2 6 3 .0 2 6 3 .9 2 6 6 .6 2 6 7 .1 2 6 7 .5 A d m is s io n s ( 1 2 / 7 7 = 1 0 0 1 ........................................................................... O t h e r e n t e r t a in m e n t s e r v ic e s ( 1 2 / 7 7 = C ig a r e t te s 100) ................................................ ............................................................................................. O t h e r t o b a c c o p r o d u c t s a n d s m o k in g a c c e s s o r ie s ( 1 2 /7 7 = P r o d u c ts f o r th e h a ir , h a ir p ie c e s , a n d w ig s ( 1 2 / 7 7 = D e n ta l a n d s h a v in g p r o d u c ts ( 1 2 / 7 7 = 100) 100) . 100) .................. 1 5 7 .7 1 4 7 .1 1 5 2 .8 1 5 3 .0 1 5 2 .7 1 5 4 .5 1 5 4 .0 1 5 4 .3 1 4 6 .5 1 5 1 .9 1 5 2 .0 1 5 1 .9 1 5 3 .6 1 5 3 .1 1 5 3 .2 1 5 7 .6 1 6 0 .0 1 6 0 .8 1 6 3 .1 1 6 6 .7 1 6 7 .3 1 6 7 .8 1 5 5 .9 1 5 8 .5 1 5 9 .1 1 6 1 .2 1 6 5 .1 1 6 5 .6 1 6 6 .0 1 4 4 .0 1 4 8 .6 1 4 8 .3 1 4 7 .7 1 4 8 .9 1 4 9 .8 1 5 0 .0 1 4 4 .8 1 4 9 .2 1 4 8 .9 1 4 8 .9 1 5 0 .1 1 5 1 .1 151 1 1 4 3 .6 1 4 8 .9 1 4 9 .9 1 5 0 .5 1 5 0 .5 1 5 0 .7 1 5 1 .0 1 4 7 .3 1 5 2 .4 1 5 3 .4 1 5 4 .1 1 5 4 .1 1 5 4 .4 1 5 4 .8 C o s m e tic s , b a th a n d n a il p r e p a r a t io n s , m a n ic u r e a n d e y e m a k e u p im p le m e n ts ( 1 2 / 7 7 = 1 0 0 ) ...................... O th e r to ile t g o o d s a n d s m a ll p e rs o n a l c a re a p p lia n c e s ( 1 2 /7 7 = P e r s o n a l c a r e s e r v ic e s 100) . . . 100) . . . ..................................................... B e a u ty p a r lo r s e r v ic e s f o r w o m e n ..................................................... H a ir c u t s a n d o t h e r b a r b e r s h o p s e r v ic e s f o r m e n ( 1 2 / 7 7 = P e r s o n a l a n d e d u c a t i o n a l e x p e n s e s ..................................................... S c h o o l b o o k s a n d s u p p lie s .............................................................. P e r s o n a l a n d e d u c a t io n a l s e r v i c e s .............................................................. T u itio n a n d o t h e r s c h o o l f e e s ...................................................................... C o lle g e t u it i o n ( 1 2 / 7 7 = 1 0 0 ) ............................... 2 5 9 .0 2 6 3 .3 2 6 4 .6 2 6 4 .6 2 6 6 .6 2 6 7 .4 2 6 8 .1 2 5 3 .4 2 5 8 .1 2 5 9 .3 2 5 9 .6 2 6 1 .4 2 6 2 .1 2 6 3 .0 2 6 3 .3 2 6 6 .5 2 6 8 .1 2 6 7 .5 2 6 9 .8 2 7 0 .7 2 7 1 .2 2 5 5 .8 2 5 9 .7 2 6 1 .1 2 6 0 .7 262 9 2 0 3 .7 2 6 4 .5 1 4 2 .0 1 4 5 .6 1 4 6 .0 1 4 6 .8 1 4 7 .5 1 4 7 .8 1 4 8 .4 1 4 0 .8 1 4 4 .4 1 4 4 .8 1 4 5 .6 1 4 6 .3 1 4 6 .7 1 4 7 .2 3 2 2 .1 3 2 8 .1 3 4 4 .6 3 5 0 .9 3 5 1 .3 3 5 2 .1 3 5 3 .5 3 2 3 .6 3 3 0 .5 3 4 5 .6 3 5 2 .4 3 5 2 .9 3 5 3 .7 3 5 5 .4 2 8 8 .4 2 9 4 .6 3 0 6 .6 3 0 8 .5 3 0 8 .8 3 0 8 .9 3 1 4 .4 2 9 2 .4 2 9 8 .8 3 1 0 .8 3 1 2 .9 3 1 3 .0 3 1 3 .0 3 1 8 .8 3 3 0 .2 3 3 6 .2 3 5 3 .5 3 6 0 .6 3 6 1 .0 3 6 1 .9 3 6 2 .7 3 3 1 .5 3 3 8 .6 3 5 4 .3 3 6 2 .0 3 5 2 .9 3 6 3 .6 3 6 4 .5 1 6 7 .3 1 6 8 .2 1 7 8 .6 1 8 2 .9 1 8 2 .9 1 8 2 .9 1 8 3 .0 1 6 7 .7 1 6 8 .8 1 7 8 .4 1 8 3 .3 1 8 3 .3 1 8 3 .3 1 8 3 .4 1 6 6 .9 1 6 8 .0 1 8 0 .7 1 8 2 .7 1 8 2 .7 1 8 2 .8 1 8 2 .9 1 6 7 .0 1 6 8 .0 1 8 0 .5 1 8 2 .6 1 8 2 .6 1 8 2 .7 1 8 2 .7 1 6 8 .7 1 6 9 .2 1 7 0 .9 1 8 3 .9 1 8 3 .9 1 8 3 .9 1 8 3 .9 1 6 9 .7 1 7 0 .3 1 7 2 .7 1 8 4 .9 1 8 4 .9 1 8 4 .9 1 8 4 .9 1 7 8 .0 1 8 9 .8 1 9 2 .6 1 9 3 .4 1 9 4 .6 1 9 6 .8 1 9 8 .6 1 7 7 .9 1 9 0 .4 1 9 3 .0 1 9 3 .9 1 9 5 .2 1 9 7 .3 1 9 9 .1 3 6 7 .9 3 8 4 .5 3 8 2 .3 3 7 7 .8 3 7 3 .7 3 7 0 .9 3 6 6 .3 3 6 9 .4 4 1 1 .1 4 1 5 .6 4 1 8 .2 4 1 9 .7 4 1 9 .8 4 1 9 .4 4 1 8 .4 U t ilitie s a n d p u b l ic t r a n s p o r t a t i o n ................................................ 3 2 9 .1 3 4 3 .6 3 4 4 .7 3 4 3 .0 3 4 0 .7 3 3 9 .8 3 4 4 .6 3 2 8 .1 3 4 2 .9 3 4 3 .8 3 4 1 .8 3 3 9 .4 3 3 8 .5 3 4 3 .6 H o u s e k e e p in g a n d h o m e m a in te n a n c e s e r v i c e s ...................... 3 5 5 .3 3 6 0 .1 3 6 1 .6 3 6 3 .4 3 6 4 .2 3 6 4 .9 3 6 6 .4 3 5 7 .9 3 6 4 .2 3 6 5 .2 3 6 9 .7 3 7 0 .4 3 7 2 .0 3 7 3 .9 E le m e n t a r y a n d h ig h s c h o o l t u it i o n ( 1 2 / 7 7 = P e rs o n a l e x p e n s e s ( 1 2 /7 7 = 100) . . . . 1 0 0 ) ................................................ S p e c ia l in d e x e s : G a s o lin e , m o t o r o il , c o o la n t , a n d o t h e r p r o d u c t s ............................... In s u r a n c e a n d f i n a n c e .................................................................................... E x c l u d e s m o t o r o il , c o o la n t , a n d o t h e r p r o d u c ts a s o f J a n u a r y 1 9 8 3 . 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis c = c o rre c te d . 3 8 5 .9 3 8 3 .9 3 7 9 .5 3 7 5 .5 372 5 367 9 21. Consumer Price Index for All Urban Consumers: Cross classification of region and population size class by expenditure category and commodity and service group [D e c e m b e r 1 9 7 7 = 1 0 0 ] S iz e c la s s A S iz e c la s s B S iz e c la s s C S iz e c la s s 0 ( 1 . 2 5 m illio n o r m o r e ) ( 3 8 5 , 0 0 0 - 1 , 2 5 0 m illio n ) (7 5 ,0 0 0 -3 8 5 ,0 0 0 ) ( 7 5 , 0 0 0 o r le s s ) C a te g o ry a n d g ro u p 1983 1983 Aug. O c t. D ec. Aug. O c t. 1983 D ec. Aug. | O c t. 1983 D ec. Aug. | O c t. D ec. N o rth e a s t E X P E N D IT U R E C A T E G O R Y 1 5 5 .0 1 5 6 .5 1 6 1 .5 1 6 3 .1 1 6 7 .1 1 6 8 .3 1 6 0 .0 1 6 1 .6 1 6 2 .3 .......................................................................................................................................................... 1 4 7 .5 1 4 8 .2 1 4 8 .8 1 4 7 .4 1 4 7 .3 1 4 6 .7 1 5 1 .6 1 5 0 .7 1 5 1 .9 1 4 7 .7 1 4 6 .6 1 4 7 .6 H o u s . n g ......................................................................................................................................................................................... 1 5 9 .6 1 6 0 .5 1 6 1 .7 1 6 9 .7 1 7 1 .4 1 7 2 .6 1 7 6 .7 1 7 8 .4 1 7 9 .5 1 6 4 .2 1 6 6 .3 1 6 6 .4 A p p a re l a n d u p ke e p 1 2 5 .5 1 2 2 .7 A ll I te m s .................................................................................................................................................................................................. F o o d a n d b e v e ra g e s 1 5 7 .2 1 6 5 .5 .......................................................................................................................................................... 1 2 3 .2 1 3 0 .0 1 2 9 .5 1 3 2 .3 1 3 3 .0 1 2 8 .8 1 3 1 .9 1 3 4 .1 ....................................................................................................................................................................... 1 6 4 .2 1 6 5 .8 1 6 6 .5 1 7 1 .4 1 7 3 .4 1 7 4 .2 1 6 9 .5 1 7 2 .0 1 7 2 .9 1 6 9 .7 1 7 1 .9 1 7 2 .5 ............................................................................................................................................................................ 1 6 4 .4 1 6 6 .5 1 6 8 .3 1 6 7 .1 1 6 7 .3 1 7 0 .7 1 7 1 .2 1 7 1 .4 1 7 4 .2 1 7 1 .9 1 7 2 .6 E n t e r t a i n m e n t ............................................................................................................................................................................ 1 4 4 .3 1 4 5 .8 1 4 5 .9 1 3 9 .6 1 4 2 .8 1 4 0 .3 1 4 3 .8 1 4 6 .2 1 4 9 .0 1 4 9 .3 1 5 3 .0 1 5 2 .3 O t h e r g o o d s a n d s e r v ic e s 1 6 0 .3 1 6 6 .9 1 6 7 .9 1 6 2 .8 1 6 7 .1 1 6 7 .7 1 6 5 .9 1 7 0 .5 1 7 2 .3 1 6 6 .7 1 7 1 .3 1 7 1 .8 T r a n s p o r t a tio n M e d ca: c a re ............................................................................................................................................. 1 2 5 .8 1 6 3 .7 1 2 8 .6 1 7 7 .5 C O M M O D IT Y A N D S E R V IC E G R O U P 1 5 0 .1 1 5 1 .2 1 5 1 .4 1 5 6 .0 1 5 7 .4 1 5 7 .1 1 5 5 .4 1 5 6 .4 1 5 7 .0 1 5 3 .9 1 5 4 .7 1 5 5 .5 .............................................................................................................. 1 5 1 .6 1 5 3 .0 1 5 2 .9 1 5 9 .8 1 6 2 .1 1 6 2 .0 1 5 6 .8 1 5 8 .9 1 5 9 .2 1 5 6 .3 1 5 8 .3 1 5 9 .0 S e r v i c e s ...................................................................................................................................................................................................... 1 6 1 .3 1 6 3 .2 1 6 4 .4 1 6 9 .8 1 7 1 .8 1 7 3 .6 1 8 1 .7 1 8 4 .2 1 8 6 .3 1 6 9 .2 1 7 1 .9 1 7 2 .7 1 6 1 .6 1 6 0 .7 C o m m o d i t i e s ......................................................................................................................................................................................... C o m m o d itie s le s s f o o d a n d b e v e r a g e s N o rth C e n tra l R e g io n E X P E N D IT U R E C A T E G O R Y 1 6 6 .6 1 6 7 .3 1 6 7 .6 1 6 2 .2 1 6 2 .6 1 6 3 .6 1 5 9 .6 .......................................................................................................................................................... 1 4 4 .5 1 4 4 .6 1 4 5 .2 1 4 3 .6 1 4 2 .8 1 4 3 .8 1 4 5 .0 1 4 4 .8 1 4 4 .7 1 5 1 .9 1 5 3 .2 1 5 2 .9 H o u s i n g ......................................................................................................................................................................................... 1 8 6 .3 1 8 5 .6 1 8 5 .8 1 7 1 .7 1 7 0 .3 1 7 1 .5 1 6 5 .7 1 6 7 .8 1 6 9 .0 1 6 5 .2 1 6 5 .9 1 6 7 .0 1 2 9 .9 1 3 1 .6 A ll it e m s .................................................................................................................................................................................................. F o o d a n d b e v e ra g e s 1 3 1 .2 1 6 1 .1 1 6 2 .1 1 6 2 .8 .......................................................................................................................................................... 1 1 9 .5 1 2 0 .3 1 2 8 .9 1 3 1 .8 1 3 2 .3 1 2 5 .4 1 2 9 .2 1 2 7 .5 ....................................................................................................................................................................... 1 6 7 .4 1 6 8 .8 1 6 8 .9 1 6 8 .6 1 7 0 .1 1 7 1 .6 1 6 9 .8 1 7 1 .8 1 7 2 .1 1 6 7 .8 1 6 9 .4 1 7 0 .8 ............................................................................................................................................................................ 1 6 8 .4 1 6 9 .8 1 7 2 .4 1 7 2 .4 1 7 3 .1 1 7 3 .9 1 6 7 .5 1 6 7 .6 1 6 8 .0 1 7 5 .4 1 7 5 .5 1 7 7 .6 E n t e r t a i n m e n t ............................................................................................................................................................................ 1 4 3 .3 1 4 4 .3 1 4 4 .2 1 3 1 .8 1 3 4 .7 1 3 3 .6 1 4 8 .4 1 4 9 .9 1 4 8 .4 1 3 6 .6 1 3 8 .9 1 3 9 .1 O t h e r g o o d s a n d s e r v ic e s 1 5 8 .1 1 6 2 .9 1 6 3 .8 1 7 0 .4 1 7 5 .8 1 7 7 .4 1 5 8 .3 1 6 1 .1 1 6 1 .7 1 6 9 .3 1 7 2 .4 1 7 2 .3 A p p a re l a n d u p ke e p T r a n s p o r t a ti o n M e d ic a l c a r e ............................................................................................................................................. 1 2 2 .3 C O M M O D IT Y A N D S E R V IC E G R O U P 1 5 4 .7 1 5 5 .6 1 5 5 .6 1 5 3 .1 1 5 3 .7 1 5 4 .2 1 5 1 .5 1 5 2 .7 1 5 2 .6 1 5 1 .3 1 5 3 .0 1 5 2 .9 .............................................................................................................. 1 5 9 .7 1 6 1 .2 1 6 0 .9 1 5 7 .1 1 5 8 .4 1 5 8 .7 1 5 4 .5 1 5 6 .5 1 5 6 .3 1 5 1 .0 1 5 3 .0 1 5 3 .0 S e r v i c e s ...................................................................................................................................................................................................... 1 8 4 .3 1 8 4 .6 1 8 5 .2 1 7 6 .8 1 7 6 .9 1 7 8 .6 1 7 2 .8 1 7 4 .7 1 7 6 .2 1 7 5 .6 1 7 6 .5 1 7 8 .3 C o m m o d i t i e s ......................................................................................................................................................................................... C o m m o d itie s le s s f o o d a n d b e v e r a g e s S o u th E X P E N D IT U R E C A T E G O R Y A ! it e m s .................................................................................................................................................................................................. F o o d a n d b e v e ra g e s .......................................................................................................................................................... M e d ic a l c a r e 1 6 3 .3 1 6 3 .5 1 6 2 .9 1 6 4 .9 1 6 4 .9 1 6 2 .3 1 6 3 .5 1 6 3 .7 1 6 2 .8 1 6 5 .1 1 6 5 .7 1 5 1 .4 1 5 1 .9 1 4 9 .9 1 5 0 .5 1 4 9 .8 1 4 7 .8 1 4 8 .3 1 4 8 .5 1 5 0 .7 1 5 1 .4 1 5 2 .3 1 6 9 .7 1 7 1 .9 1 7 3 .9 1 7 4 .6 1 6 9 .6 1 6 9 .3 1 6 8 .4 1 7 1 .0 1 6 9 .5 1 6 9 .6 .......................................................................................................................................................... 1 3 1 .8 1 3 0 .7 1 3 0 .5 1 2 6 .2 1 2 9 .0 1 2 8 .7 1 2 4 .1 1 2 6 .5 1 2 6 .7 1 1 1 .3 1 1 6 .3 ....................................................................................................................................................................... 1 6 8 .7 1 7 1 .1 1 7 1 .5 1 7 2 .2 1 7 4 .2 1 7 4 .4 1 7 0 .3 1 7 2 .4 1 7 2 .5 1 6 7 .3 1 7 0 .4 1 7 0 .2 ........................................................................................................................................................................... 1 7 0 .0 1 7 1 .7 1 7 3 .6 1 6 9 .0 1 7 2 .4 1 7 4 .0 1 8 0 .0 1 8 2 .3 1 8 2 .7 1 8 4 .2 1 8 7 .8 1 8 9 .9 H o u s i n g ......................................................................................................................................................................................... A p p a re l a n d u p ke e p T r a n s p o r t a tio n 1 6 2 .4 1 5 0 .9 1 7 0 .9 1 6 9 .4 1 1 6 .0 E n t e r t a i n m e n t ........................................................................................................................................................................... 1 4 0 .7 1 4 3 .4 1 4 2 .9 1 5 4 .4 1 5 3 .7 1 5 4 .6 1 4 6 .2 1 4 8 .1 1 5 0 .0 1 4 6 .4 1 4 8 .6 1 4 7 .5 O t h e r g o o d s a n d s e r v ic e s 1 6 2 .1 1 6 6 .2 1 6 6 .6 1 6 4 .9 1 6 8 .5 1 6 9 .1 1 6 1 .6 1 6 6 .2 1 6 7 .5 162 9 1 6 4 .0 1 6 7 .3 1 5 5 .4 ............................................................................................................................................ C O M M O D IT Y A N D S E R V IC E G R O U P 1 5 5 .0 1 5 5 .5 1 5 5 .9 1 5 5 .6 1 5 7 .2 1 5 6 .9 1 5 3 .7 1 5 4 .8 1 5 4 .8 1 5 3 .2 .............................................................................................................. 1 5 6 .8 1 5 7 .3 1 5 7 .7 1 5 7 .9 1 6 0 .1 1 6 0 .1 1 5 6 .4 1 5 7 .9 1 5 7 .8 1 5 4 .2 1 5 7 .1 1 5 7 .1 S e r v i c e s ...................................................................................................................................................................................................... 1 7 2 .7 1 7 4 .1 1 7 4 .0 1 7 3 .9 1 7 6 .6 1 7 6 .9 1 7 5 .6 1 7 7 .1 1 7 7 .5 1 7 7 .1 1 7 9 .6 1 8 0 .8 C o m m o d i t i e s ......................................................................................................................................................................................... C o m m o d itie s le s s f o o d a n d b e v e r a g e s 1 5 5 .6 W est E X P E N D IT U R E C A T E G O R Y 1 6 2 .7 1 6 3 .5 1 6 4 .0 1 6 2 .5 1 6 3 .8 1 6 4 .0 1 6 2 .2 1 6 3 .9 1 6 4 .0 .......................................................................................................................................................... 1 5 0 .9 1 5 1 .9 1 5 2 .7 1 5 2 .8 1 5 3 .6 1 5 4 .4 1 4 8 .3 1 4 9 .4 1 5 0 .2 1 5 4 .1 1 5 4 .9 1 5 6 .0 H o u s i n g ........................................................................................................................................................................................ 1 6 8 .3 1 7 0 .0 1 6 9 .4 1 6 5 .4 1 6 8 .1 1 6 7 .2 1 5 2 .9 1 5 4 .2 1 5 3 .9 1 6 3 .2 1 6 4 .9 1 6 4 .4 A ll it e m s ................................................................................................................................................................................................. F o o d a n d b e v e ra g e s 1 5 5 .9 1 5 6 .3 .......................................................................................................................................................... 1 2 3 .3 1 2 2 .8 1 2 2 .7 1 2 6 .9 1 2 7 .6 1 2 7 .9 1 2 2 .8 1 2 5 .0 1 2 3 .4 1 4 2 .4 1 4 6 .2 1 4 4 .4 ....................................................................................................................................................................... 1 7 3 .0 1 7 2 .0 1 7 4 .2 1 7 4 .4 1 7 4 .3 1 7 5 .3 1 7 0 .6 1 6 9 .9 1 7 1 .1 1 6 7 .8 1 6 9 .8 1 7 1 .1 A p p a re l a n d u p ke e p T r a n s p o r t a tio n 1 5 5 .2 1 7 7 .4 1 7 8 .0 1 7 6 .5 1 8 0 .0 1 7 9 .2 1 7 9 .0 E n t e r t a i n m e n t ........................................................................................................................................................................... 1 3 9 .8 1 4 1 .3 1 4 2 .6 1 4 6 .7 1 4 6 .8 1 4 7 .5 1 4 8 .7 1 4 7 .4 1 4 8 .8 1 5 8 .5 1 6 0 .6 1 6 1 .2 O t h e r g o o d s a n d s e r v ic e s 1 6 5 .0 1 6 8 .0 1 6 8 .8 1 6 5 .5 1 6 8 .4 1 7 0 .0 1 6 1 .2 1 6 4 .6 1 6 6 .2 1 7 3 .4 1 7 5 .3 1 7 4 .5 M e d ca c a re ........................................................................................................................................................................... ............................................................................................................................................ 1 7 7 .3 1 7 5 .8 1 7 5 .6 1 8 0 .6 1 8 0 .9 1 7 8 .9 C O M M O D IT Y A N D S E R V IC E G R O U P 1 5 2 .6 1 5 2 .4 1 5 3 .5 1 5 5 .2 1 5 5 .7 1 5 6 .3 1 5 3 .3 1 5 3 .4 1 5 4 .3 1 5 2 .4 1 5 3 .8 1 5 4 .3 .............................................................................................................. 1 5 3 .6 1 5 2 .7 1 5 3 .9 1 5 6 .4 1 5 6 .8 1 5 7 .2 1 5 5 .4 1 5 5 .0 1 5 6 .0 1 5 1 .7 1 5 3 .4 1 5 3 .6 S e r v i c e s ...................................................................................................................................................................................................... 1 7 5 .9 1 7 7 .8 1 7 7 .8 1 7 2 .6 1 7 4 .9 1 7 4 .7 1 5 7 .6 1 5 9 .1 1 5 8 .8 1 7 6 .6 1 7 8 .6 1 7 8 .3 C o m m o d i t i e s ......................................................................................................................................................................................... C o m m o d itie s le s s f o o d a n d b e v e r a g e s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 79 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Consumer Prices 22. Consumer Price Index— U.S. city average, and selected areas [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c if ie d ] A ll U r b a n C o n s u m e rs A re a 1 U . S . c it y a v e r a g e 2 ................................................ A n c h o r a g e , A la s k a ( 1 0 / 6 7 = 100) ...................... B a ltim o r e , M d ........................................................... B o s t o n , M a s s .............................................................................. O c t. Nov. D ec. Jan. Jan. Aug. S e p t. O c t. Nov. Dec Jan. 2 9 3 .1 3 0 0 .3 3 0 1 .8 3 0 2 .6 3 0 3 .1 3 0 3 .5 3 0 5 .2 2 9 2 .1 2 9 9 .5 3 0 0 .8 3 0 1 .3 3 0 1 .4 3 0 1 .5 3 0 2 .7 2 7 1 .5 2 5 0 .6 3 0 7 .6 2 8 9 .7 2 9 6 .6 2 8 4 .5 2 5 7 .6 2 9 1 .4 2 9 4 .0 D a lla s - F t. W o r t h , T e x ................................................... D e t r o it, M i c h ........................................................................... 2 9 2 .6 H o n o lu lu , H a w a i i ................................................. M i a m i, F la . ( 1 1 / 7 7 = 1 5 7 .9 2 8 2 .6 2 8 9 .5 2 7 8 .9 2 8 2 .1 2 9 2 .9 2 8 9 .9 2 9 1 .4 3 1 0 .2 2 8 6 .6 2 9 7 .7 2 9 3 .9 2 9 1 .7 3 1 3 .7 2 9 3 .3 3 0 1 .3 2 8 8 .0 2 9 4 .3 2 9 1 .8 2 9 9 .1 3 0 3 .7 317 6 2 9 9 .3 2 8 8 .0 1 6 5 .0 1 5 9 .2 3 1 4 .0 3 0 3 .5 2 9 3 .7 2 8 0 .8 2 9 1 .0 2 8 2 .6 2 9 4 .4 2 8 2 .5 2 9 5 .1 2 8 1 .7 2 9 8 .9 314 9 313 5 3 0 1 .8 3 3 6 .0 3 0 1 .3 2 8 5 .9 288 2 322 4 317 9 2 9 9 .0 2 9 7 .8 3 0 7 .9 2 8 8 .7 2 9 0 .0 2 9 4 .2 3 0 4 .2 397 5 31? 6 2 8 7 .3 2 8 8 .2 2 9 0 .9 2 9 4 .2 2 9 4 .8 304 7 2 8 8 .2 2 9 7 .9 1 6 5 .9 328 9 312 7 2 8 8 .1 2 9 9 .9 1 6 4 .9 3 2 9 .1 2 9 3 .3 ?98 3 3 1 3 .4 3 3 8 .4 1 6 4 .3 2 8 8 .4 294 2 303 9 2 9 6 .7 3 0 8 .5 2 9 7 .3 295 7 314 7 3 0 4 .6 294 4 2 8 5 .6 3 1 6 .0 3 3 7 .3 3 2 1 .6 2 9 9 .1 2 9 4 .5 3 1 1 .2 2 7 8 .2 303 8 2 9 2 .5 2 8 6 .8 3 1 7 .6 3 1 4 .3 2 9 3 .9 2 9 7 .4 264 0 3 0 9 .7 3 0 2 .4 2 8 8 .6 3 0 9 .0 3 1 7 .5 2 8 8 .5 2 9 1 .2 3 2 3 .9 3 0 3 .0 3 1 2 .5 2 9 7 .2 3 4 3 .0 3 2 0 .7 2 9 6 .5 3 1 6 .8 2 9 2 .1 3 0 0 .1 1 6 4 .0 3 1 3 .9 3 1 6 .2 P i t t s b u r g h , P a ............................................................... P o r tla n d , O r e g . - W a s h ...................................................... 3 2 4 .3 2 9 7 .0 3 0 5 .2 2 7 8 .4 3 0 3 .3 2 9 6 .4 1 6 2 .9 3 0 5 .0 M l n n e a p o lis - S t. P a u l, M i n n . - W ls ......................................... P h ila d e lp h ia , P a . - N . J ............................................................ 2 9 5 .2 2 9 9 .9 2 7 6 .4 3 0 1 .3 2 8 5 .6 2 9 2 .8 3 1 8 .4 3 1 7 .6 3 3 9 .8 2 9 8 .2 3 0 5 .2 2 6 4 .0 3 0 6 .3 2 9 9 .5 2 8 5 .1 3 3 0 .7 3 1 8 .5 2 9 9 .2 3 0 3 .9 3 1 6 .8 3 3 9 .4 2 9 8 .8 3 0 3 .9 2 6 0 .8 3 0 4 .3 2 8 8 .2 3 3 2 .5 3 2 4 .0 ............................... L o s A n g e le s - L o n g B e a c h , A n a h e im , C a lif ......................... 3 0 2 .3 3 1 4 .6 2 7 3 .5 H o u s t o n , T e x ............................................................. ......................................................... 3 0 3 .0 3 1 5 .9 3 2 7 .5 2 9 4 .0 2 8 8 .5 3 2 7 .3 D e n v e r - B o u ld e r , C o lo ................................................... N e w Y o r k , N . Y . - N o r th e a s te r n N . J ......................... 3 0 1 .6 3 0 7 .3 3 0 4 .7 2 9 0 .6 2 8 5 .9 3 0 6 .0 2 7 0 .4 3 0 4 .4 3 0 2 .9 2 8 6 .8 C le v e la n d , O h i o ......................................................... N o r th e a s t , P a . ( S c r a n t o n ) 2 6 7 .9 3 0 3 .9 C h ic a g o , I I I . - N o r t h w e s t e r n I n d ................................................... M ilw a u k e e , W i s ........................................................ 1984 S e p t. C in c in n a t i, O h i o - K y . - I n d ............................... ............................................ 1983 Aug. B u f fa lo , N . Y ................................................... 100) 1984 Jan. A t la n t a , G a .......................................................... K a n s a s C ity , M o .- K a n s a s U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1983 2 9 3 .2 294 3 296 7 3 0 2 .6 2 8 9 .6 289 5 S t. L o u is , M o . - I l l .................................................... 2 9 1 .1 3 0 2 .0 2 9 9 .6 3 0 0 .9 2 8 5 .3 2 9 9 .1 S a n D ie g o , C a l if ................................................................ 2 9 9 .3 296 8 3 2 4 .9 3 4 0 .4 3 4 2 .3 3 4 6 .6 3 1 3 .6 3 2 3 .9 3 2 3 .7 3 2 9 .6 S a n F r a n c is c o - O a k la n d , C a lif ................................. S e a t tle - E v e r e t t, W a s h ....................................................... W a s h in g t o n , D C . - M d V a .................................................... 3 0 6 .0 3 0 5 .7 301 4 3 0 9 .5 3 1 1 .1 2 9 1 .4 2 9 7 .7 299 0 ?99 4 2 8 9 .0 2 9 7 .0 2 9 8 .6 3 0 3 .4 2 9 2 .9 300 9 3 0 2 .7 3 0 8 .1 S t a tis tic a l A r e a , a s d e f in e d f o r t h e 1 9 7 0 C e n s u s o f P o p u la tio n , e x c e p t t h a t t h e S t a n d a r d C o n s o lid a t e d A r e a Is 80 3 0 1 .6 3 0 8 .8 1 T h e a r e a s lis te d in c lu d e n o t o n ly t h e c e n t r a l c it y b u t th e e n t ir e p o r tio n o f th e S t a n d a r d M e tr o p o lita n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 0 7 .3 2 9 7 .5 u s e d f o r N e w Y o r k a n d C h ic a g o . 2 A v e r a g e o f 8 5 c it ie s . 23. Producer Price Indexes, by stage of processing [1967 = 100] 1984 1983 A nnual a v e ra g e C o m m o d it y g r o u p in g Feb. 1983 M a r. A p r. M ay June J u ly Aug. S e p t. O c t.1 Nov. D ec. Jan. Feb. F IN IS H E D G O O D S 2 8 5 .2 2 8 4 .1 2 8 3 .4 2 8 3 .1 2 8 4 .2 2 8 5 .0 2 8 5 .7 2 8 6 .1 2 8 5 .1 r2 8 7 .6 2 8 6 .8 2 8 7 .1 2 8 9 .4 ........................................................................... 2 8 4 .6 2 8 3 .7 2 8 2 .7 2 8 2 .3 2 8 3 .6 2 8 4 .6 2 8 5 .2 2 8 5 .7 2 8 5 .1 '2 8 7 . 0 2 8 5 .8 2 8 6 .1 2 8 8 .8 2 9 0 .1 ...................................................................... 2 6 1 .8 261 0 2 6 1 .1 2 6 2 .9 2 6 2 .6 261 2 2 6 0 .7 2 6 0 .7 2 6 3 .0 r 2 6 3 .7 2 6 1 .8 2 6 4 .0 2 7 2 .2 2 7 4 .7 F in is h e d g o o d s .................................................................................................................. F in is h e d c o n s u m e r g o o d s F in is h e d c o n s u m e r f o o d s 2 9 0 .6 C r u d e .................................................................................................................. 2 5 9 .5 2 4 0 .8 2 4 7 .9 2 6 5 .8 2 6 7 .2 2 5 1 .2 2 4 7 .1 2 5 9 .9 2 6 7 .4 '2 8 7 . 3 2 7 2 .8 2 6 9 .1 3 0 9 .2 3 1 5 .9 P ro ce sse d 2 5 9 .9 2 6 0 .7 2 6 0 .1 2 6 0 .5 2 6 0 .1 2 6 0 .0 2 5 9 .8 2 5 8 .7 2 6 0 .5 r2 5 9 .5 2 5 8 .7 2 6 1 .5 2 6 6 .7 2 6 8 .9 N o n d u r a b le g o o d s le s s f o o d s ............................................................. 3 3 5 .3 3 3 3 .7 3 3 2 .0 3 2 8 .7 3 3 2 .0 3 3 5 .7 3 3 7 .7 3 3 8 .6 3 3 8 .6 r 3 3 8 .1 3 3 6 .6 3 3 5 .3 3 3 5 .0 3 3 5 .9 D u r a b le g o o d s 2 3 3 .1 2 3 2 .9 2 3 1 .9 2 3 2 .2 2 3 2 .9 2 3 3 .1 2 3 3 .4 2 3 3 .8 2 2 9 .2 r2 3 5 .3 2 3 5 .3 2 3 5 .7 2 3 5 .9 2 3 6 .2 . . . 2 3 1 .4 2 2 8 .9 2 2 9 .4 2 3 0 .1 2 3 0 .3 2 3 0 .7 2 3 2 .0 2 3 2 .7 2 3 3 .0 r2 3 3 .6 2 3 3 .7 2 3 3 .7 2 3 5 .8 2 3 6 .1 C a p ita l e q u i p m e n t ................................................................................................. 2 8 7 .3 2 8 5 .6 2 8 5 .6 2 8 6 .2 2 8 6 .5 2 8 6 .7 2 8 7 .2 2 8 7 .7 2 8 5 .1 r2 8 9 9 2 9 0 .3 2 9 0 .5 2 9 1 .5 2 9 2 .5 I n te r m e d ia te m a te r ia ls , s u p p lie s , a n d c o m p o n e n t s ............................... 3 1 2 .4 3 0 9 .9 3 0 9 .5 3 0 8 .7 3 0 9 .7 3 1 1 .3 3 1 2 .8 3 1 4 .0 3 1 5 .5 r3 1 5 .6 3 1 5 .7 3 1 5 .8 3 1 6 .6 3 1 7 .4 M a te r ia ls a n d c o m p o n e n ts f o r m a n u f a c t u r i n g ............................... 2 9 3 .3 2 9 1 .1 2 9 0 .2 2 9 1 .0 2 9 1 .9 2 9 2 .4 2 9 4 .1 2 9 4 .7 2 9 6 .7 r2 9 6 .4 2 9 6 .1 2 9 7 .0 2 9 8 .6 2 9 9 .5 M a te r ia ls f o r f o o d m a n u f a c t u r i n g ..................................................... 2 5 8 .4 2 5 4 .1 2 5 2 .8 2 5 5 .1 2 5 7 .0 257 0 2 5 7 .4 2 6 0 .5 2 6 9 .4 r 2 6 3 .5 2 6 0 .4 2 6 2 .5 2 6 8 .3 2 6 7 .9 M a te r ia ls f o r n o n d u r a b le m a n u fa c t u r in g ................................... 2 7 9 .9 2 7 7 .0 2 7 6 .6 2 7 7 .3 2 7 7 .7 2 7 7 .7 2 7 9 .7 2 8 1 .1 2 8 2 .7 '2 8 3 . 3 2 8 4 .1 2 8 4 .7 2 8 7 .0 2 8 6 .9 ............................................ 3 1 9 .3 3 1 9 .2 3 1 5 .7 3 1 6 .6 3 1 8 .4 3 1 9 .0 320 9 3 2 0 .9 3 2 3 .1 '3 2 2 .3 3 2 1 .1 3 2 2 .6 3 2 2 .9 3 2 5 .2 2 8 0 .3 2 7 7 .6 2 7 8 .3 278 9 2 7 9 .4 2 8 0 .3 2 8 1 .6 2 8 1 .5 281 8 r2 8 2 .6 2 8 2 .5 2 8 3 .1 2 8 4 .0 2 8 4 .9 3 0 1 .7 2 9 8 .8 2 9 9 .6 3 0 0 .9 3 0 1 .2 3 0 2 .4 302 9 3 0 3 .7 303 1 '3 0 3 6 3 0 4 .0 3 0 4 .6 3 0 5 .4 3 0 7 .5 ..................................................................................................... ................................................................................................ C o n s u m e r n o n d u r a b le g o o d s le s s f o o d a n d e n e r g y IN T E R M E D IA T E M A T E R IA L S M a te r ia ls f o r d u r a b le m a n u fa c t u r in g C o m p o n e n t s f o r m a n u f a c t u r i n g ......................................................... P r o c e s s e d f u e ls a n d l u b r i c a n t s .................................................................. 5 6 6 .8 5 6 5 .4 5 6 4 .2 5 4 3 .3 5 4 7 .8 5 6 2 .0 5 6 7 .9 5 7 2 .0 5 7 3 .4 r574 2 5 7 4 .0 5 6 8 .5 5 6 2 .4 5 6 1 .7 M a n u fa c t u r in g I n d u s t r i e s ........................................................................... 4 8 1 .9 4 7 5 .5 4 8 0 .6 4 6 0 .4 4 6 2 .9 4 7 5 .9 4 8 0 .9 4 8 5 .1 487 2 r4 9 0 5 4 9 3 .4 4 8 8 .8 4 8 2 .8 4 7 8 .3 ............................................................. 6 4 1 .1 6 4 4 .6 6 3 7 .2 6 1 5 .9 6 2 2 .2 6 3 7 .5 6 4 4 .1 6 4 8 .0 6 4 8 .8 '6 4 7 . 2 6 4 3 .9 6 3 7 .6 6 3 1 .5 6 3 4 .5 N o n m a n u fa c t u r in g in d u s t r ie s C o n t a i n e r s .................................................................................................................. 2 8 6 .6 2 8 5 .3 2 8 5 .2 2 8 4 .8 2 8 5 .8 2 8 5 .9 2 8 6 .1 2 8 6 .3 2 8 7 .1 '2 8 8 . 1 2 8 9 .3 2 8 9 .5 2 9 1 .5 2 9 3 .2 S u p p l i e s ....................................................................................................................... 2 7 7 .0 2 7 3 .5 2 7 3 .9 2 7 5 .5 2 7 5 .6 2 7 5 .6 2 7 6 .2 2 7 7 .9 2 8 0 .2 '2 8 0 . 6 2 8 1 .0 2 8 1 .0 2 8 2 .5 2 8 2 .2 M a n u fa c t u r in g i n d u s t r i e s ........................................................................... 2 6 9 .9 2 6 7 .8 2 6 8 .1 2 6 8 .6 2 6 8 .9 2 6 9 .8 2 7 0 .1 2 7 0 .5 2 7 0 .8 '2 7 1 . 8 2 7 1 .9 2 7 2 .6 2 7 4 .0 2 7 5 .9 N o n m a n u fa c t u r in g in d u s t r ie s 2 8 0 .9 2 7 6 .8 2 7 7 .1 2 7 9 .3 2 7 9 .3 2 7 8 .8 2 7 9 .6 2 8 2 .0 2 8 5 .3 '2 8 5 . 3 2 9 6 .0 2 8 5 .6 2 8 7 .1 2 8 5 .7 ............................................................. F e e d s .................................................................................................................. 2 2 5 .5 2 0 7 .4 2 0 7 .7 2 1 9 .8 2 1 8 .1 2 1 3 .4 2 1 6 .2 2 3 0 .7 2 4 9 .6 '2 4 6 . 7 2 4 9 .6 2 4 4 .0 2 4 4 .5 2 2 7 .8 O t h e r s u p p l i e s ............................................................................................ 2 9 2 .7 2 9 1 .2 2 9 1 .6 2 9 1 .9 2 9 2 .2 2 9 2 .5 2 9 1 .9 2 9 3 .0 2 9 3 .4 '2 9 4 . 0 2 9 4 .2 2 9 4 .8 2 9 6 .5 2 9 8 .0 3 2 3 .6 3 2 0 .2 3 2 1 .6 3 2 5 .8 3 2 5 .8 3 2 3 .3 3 2 0 .6 3 2 7 .1 3 2 8 .5 '3 2 4 . 8 3 2 4 .1 3 2 7 .8 3 3 3 .7 3 3 2 .8 C R U D E M A T E R IA L S C r u d e m a te r ia ls f o r f u r t h e r p r o c e s s in g ......................................................... F o o d s t u ff s a n d f e e d s t u f f s ............................................................................... 2 5 2 .3 2 4 9 .3 2 4 9 .1 2 5 6 .8 2 5 6 .5 2 5 2 .1 2 4 8 .4 2 5 6 .4 2 5 7 .2 '2 5 3 . 7 2 5 2 .0 2 5 6 .2 2 6 4 .2 2 6 0 .7 N o n f o o d m a t e r i a l s ................................................................................................. 4 7 7 .2 4 7 3 .0 4 7 7 .7 4 7 4 .6 4 7 5 .4 4 7 6 .8 4 7 6 .2 4 7 9 .6 4 8 2 .5 '4 7 8 . 2 4 7 9 .5 4 8 2 .1 4 8 3 .6 4 8 8 .2 3 7 2 .0 3 6 6 .0 3 6 6 .8 3 6 7 .0 3 6 9 .0 3 7 0 .5 3 7 1 .6 3 7 5 .6 3 7 8 .1 '3 7 7 . 1 3 7 7 .7 3 7 9 .6 3 8 0 .3 3 8 5 .5 .................................................................. 3 8 1 .6 3 7 5 .1 3 7 5 .9 3 7 6 .1 3 7 8 .3 3 7 9 .9 3 8 1 .6 3 8 5 .7 3 8 8 .3 '3 8 7 .4 3 8 7 .8 3 8 9 .7 3 9 0 .5 3 9 5 .5 C o n s t r u c t i o n ................................................................................................. 2 7 1 .1 2 6 9 .1 2 6 9 .3 2 7 0 .0 2 7 0 .3 2 7 1 .3 2 7 0 .9 2 7 1 .0 2 7 2 .5 '2 7 0 . 5 2 7 2 .9 2 7 4 .6 2 7 3 .9 2 8 0 .2 N o n f o o d m a te r ia ls e x c e p t f u e l .............................................................. M a n u fa c t u r in g in d u s t r ie s 9 3 1 .5 9 3 7 .7 9 6 1 .8 9 4 1 .6 9 3 5 .9 9 3 6 .7 9 2 7 .8 9 2 6 .9 9 3 1 .0 '9 1 0 . 9 9 1 5 .2 9 2 1 .4 9 2 7 .0 9 2 7 .4 .................................................................. 1 ,0 9 4 .8 1 ,1 0 3 .9 1 ,1 3 4 .3 1 ,1 0 7 .6 1 .1 0 0 .9 1 ,1 0 2 .3 1 ,0 9 0 .4 1 ,0 8 8 .9 1 ,0 9 3 .9 '1 , 0 6 7 . 1 1 ,0 7 2 .4 1 ,0 7 9 .9 1 ,0 8 7 .7 1 ,0 8 7 .5 N o n m a n u fa c t u r in g i n d u s t r i e s ......................................................... 8 1 6 .2 8 2 0 .0 8 3 9 .2 8 2 4 .0 8 1 9 .1 8 1 9 .4 8 1 3 .0 8 1 2 .5 8 1 6 .1 '8 0 1 . 1 8 0 4 .6 8 1 0 .0 8 1 3 .7 8 1 4 .6 2 9 0 .9 2 8 9 .6 2 8 8 .7 2 8 7 .7 2 8 9 .3 2 9 0 .8 2 9 1 .8 2 9 2 .5 2 9 0 .3 '2 9 3 . 4 2 9 3 .0 292 6 2 9 2 .9 2 9 3 .6 2 9 1 .3 2 9 0 .3 2 8 8 .9 2 8 7 .3 2 8 9 .4 2 9 1 .6 2 9 2 .6 2 9 3 .5 2 9 1 .4 '2 9 3 . 9 2 9 3 .0 2 9 2 .5 2 9 2 .5 2 9 3 .1 2 4 9 .7 2 4 9 .4 2 4 9 .9 2 5 0 .2 2 4 9 .7 '2 5 2 . 1 2 5 1 .4 2 5 2 .4 2 5 6 .0 2 5 7 .1 C r u d e f u e l .............................................................................................................. M a n u fa c t u r in g in d u s t r ie s S P E C IA L G R O U P IN G S F in is h e d g o o d s e x c lu d in g f o o d s ........................................................................... F in is h e d c o n s u m e r g o o d s e x c lu d in g f o o d s ................................... F in is h e d c o n s u m e r g o o d s le s s e n e r g y ................................................ 2 4 9 .9 2 4 8 .7 2 4 8 .6 2 4 9 .5 ............................................ 3 1 7 .2 3 1 5 .2 3 1 4 .8 3 1 3 .6 3 1 4 .6 3 1 6 .4 3 1 8 .0 3 1 8 .7 3 1 9 .5 '3 2 0 . 0 3 2 0 .1 3 2 0 .3 3 2 0 .9 3 2 2 .1 In te r m e d ia te m a te r ia ls le s s e n e r g y ......................................................... 2 9 5 .1 2 9 2 .4 2 9 2 .1 2 9 3 .2 2 9 3 .9 2 9 4 .4 2 9 5 .6 296 5 2 9 8 .1 '2 9 8 . 2 2 9 8 .2 2 9 8 .8 3 0 0 .3 3 0 1 .2 2 4 7 .8 2 3 8 .8 2 3 8 .0 2 4 3 .6 2 4 4 .4 242 8 2 4 4 .0 2 5 0 .9 2 6 3 .2 2 5 8 .2 2 5 7 .1 2 5 6 .6 2 6 0 .7 2 5 4 .9 In te r m e d ia te m a te r ia ls le s s f o o d s a n d f e e d s In te r m e d ia te f o o d s a n d f e e d s ............................................................................... ................................................ 5 3 8 .4 5 3 5 .1 5 3 9 .7 5 3 6 .1 5 3 6 .2 5 3 7 .5 5 3 6 .8 5 4 0 .0 5 4 2 .9 '5 3 8 . 8 5 4 0 .4 5 4 3 .8 5 4 6 .6 5 5 2 .1 ...................................................................... 2 4 6 .5 2 4 1 .4 2 4 2 .7 2 4 8 .6 2 4 9 .0 2 4 6 .2 2 4 3 .9 2 5 1 .2 2 5 2 .5 '2 4 9 . 6 2 4 8 .5 2 5 2 .3 2 5 8 .5 2 5 7 .4 C r u d e m a te r ia ls le s s a g r ic u lt u r a l p r o d u c ts C r u d e m a te r ia ls le s s e n e r g y 1 D a ta f o r O c to b e r 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t t h e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = r e v is e d . 81 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Producer Prices 24. Producer Price Indexes, by commodity groupings [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c if ie d ] A nnual 1983 A ll c o m m o d itie s ......................................................................................................................................... A ll c o m m o d itie s ( 1 9 5 7 - 5 9 F a rm = 100) p r o d u c ts a n d p r o c e s s e d fo o d s a n d fe e d s ............................................... In d u s t r ia l c o m m o d i ti e s FAR M PRO DUCTS AND PROCESSED 1983 Feb. M a r. A p r. M ay June J u ly Aug. S e p t. O c t.1 3 0 3 .1 3 0 0 .9 3 0 0 .6 3 0 0 .6 3 0 1 .5 3 0 2 .4 3 0 3 .2 3 0 4 .7 3 0 5 .3 r3 0 6 .0 3 0 5 .6 3 0 6 .0 3 0 8 .1 3 0 8 .1 3 2 1 .6 3 1 9 .3 3 1 8 .9 3 1 8 .9 3 1 9 .9 3 2 0 .8 3 2 1 .7 3 2 3 .3 3 2 3 .9 r3 2 4 . 7 3 2 4 .2 3 2 4 .7 3 2 6 .9 3 2 7 .6 2 5 3 .9 2 5 0 .4 2 5 0 .6 2 5 4 .7 2 5 4 .7 2 5 2 .5 2 5 1 .5 2 5 5 .5 r2 5 7 .5 2 5 6 .0 2 5 7 .8 2 6 4 .4 2 6 3 .5 3 1 5 .8 3 1 3 .9 3 1 3 .5 3 1 2 .4 3 1 3 .6 3 1 5 .3 3 1 6 .5 3 1 7 .3 r3 1 8 .5 3 1 8 .3 3 1 8 .4 3 1 9 .2 3 2 0 .4 FOODS A N D FEEDS 01 F a r m p r o d u c t s ............................................................................................ 2 4 8 .2 2 4 0 .7 2 4 1 .5 2 5 0 .5 2 5 0 .4 2 4 7 .4 2 4 4 .3 2 5 3 .5 2 5 6 .4 2 5 5 .2 2 5 1 .0 2 5 4 .0 0 1 -1 F r e s h a n d d r ie d f r u i t s a n d v e g e t a b l e s ................................... 2 6 3 .3 2 6 1 .5 2 6 1 .7 2 2 7 .8 2 3 4 .9 2 6 6 .6 2 6 0 .1 2 6 4 .4 2 5 8 .2 2 7 0 .4 2 7 6 .0 r3 0 8 . 1 2 7 4 .7 0 1 -2 G r a i n s .......................................................................................................... 2 7 3 .0 2 9 0 .4 3 1 1 .5 2 4 0 .4 2 2 2 .4 2 2 7 .4 2 4 3 .8 2 4 2 .2 2 4 1 .5 2 3 6 .7 2 5 1 .8 2 5 8 .0 2 5 3 .7 2 5 7 .5 0 1 -3 L i v e s t o c k .................................................................................... 2 4 3 .6 2 4 5 .5 2 4 3 ,1 2 3 5 .3 2 5 1 .1 2 5 1 .4 2 6 0 .6 2 5 8 .0 2 5 1 .7 2 4 0 .7 2 4 2 .2 2 3 1 .5 229 4 2 2 0 .5 0 1 -4 L iv e p o u l t r y ............................................................................... 2 3 8 .2 2 5 0 .7 2 5 1 .9 2 0 6 .5 2 0 0 .1 1 7 7 .8 1 7 0 .8 1 8 6 .9 1 9 9 .3 2 1 4 .5 2 2 1 .4 2 4 2 .2 2 0 8 .5 2 3 8 .5 0 1 -5 P la n t a n d a n im a l f ib e r s 2 4 1 .2 2 5 2 .6 2 5 1 .3 2 2 7 .0 2 0 6 .4 2 1 7 .0 2 1 3 .6 2 2 3 .8 2 2 9 .7 2 3 0 .4 2 4 0 .7 2 3 8 .7 2 3 4 .5 2 4 3 .6 0 1 -6 F lu id m i l k .................................................................. 2 4 4 .1 2 8 2 .0 2 8 4 .3 2 8 2 .9 2 8 0 .8 2 7 9 .8 2 7 8 .6 2 7 8 .7 2 8 1 .7 2 8 4 .4 2 8 4 .1 0 1 -7 2 8 3 .2 E g g s ............................................................................................................................................. 1 7 0 .0 1 7 0 .0 1 7 0 .0 1 8 5 .1 1 6 9 .3 1 7 7 .2 1 8 9 .5 200.1 2 1 7 .9 2 1 7 .8 2 2 6 .3 2 2 7 .3 2 1 3 .3 2 2 7 .3 ..................................................... 2 2 9 .3 2 3 2 .7 2 8 1 .4 2 7 9 .1 2 7 5 .7 <2) (2) 2 8 2 .4 2 8 0 .7 0 1 -8 H a y , h a y s e e d s , a n d o ils e e d s ................................................ (2 ) 2 4 6 .8 2 6 2 .8 2 9 7 .8 (2 ) 2 8 8 .1 2 8 7 .6 0 1 -9 O t h e r f a r m p r o d u c t s ...................................................................... 2 8 2 .2 2 8 7 .3 2 6 5 .4 2 8 2 .1 2 8 1 .2 2 8 0 .3 2 7 9 .2 2 8 1 .0 2 8 4 .4 2 8 2 .5 2 8 5 .7 2 8 7 .3 2 8 3 .7 2 8 3 .5 2 7 6 .9 2 8 0 .2 2 7 8 .9 2 5 6 .0 2 5 4 .7 2 5 4 .5 2 5 6 .0 2 5 6 .1 2 5 4 .3 2 5 4 .4 2 5 5 .5 2 5 9 .6 r2 5 7 8 2 5 7 .6 258 2 6 3 .9 2 6 3 .5 2 6 4 .9 2 6 6 .1 2 6 7 .0 02 P r o c e s s e d f o o d s a n d f e e d s ............................................ 0 2 -1 C e r e a l a n d b a k e r y p r o d u c t s ................................... 2 6 0 .9 256 8 256 9 2 5 8 .8 2 5 9 .1 2 6 0 .3 2 6 1 .4 2 6 2 .8 2 6 3 .6 r2 6 4 .6 2 6 4 .7 0 2 -2 M e a ts , p o u l t r y , a n d f i s h ...................................................................... 249 4 2 6 1 .0 2 6 0 .7 2 5 9 .1 2 5 7 .8 2 5 0 .2 2 4 7 .3 2 4 3 .2 2 4 2 .9 r2 3 7 0 2 3 5 .7 0 2 -3 D a ir y p r o d u c ts 2 4 2 .1 2 5 6 .9 2 5 0 .6 2 5 0 .9 2 5 0 .7 2 5 1 .0 2 5 0 .9 2 5 0 .4 2 5 0 .4 2 5 0 .4 2 5 0 .6 r 2 5 1 .3 0 2 -4 2 5 1 .2 2 4 9 .2 P r o c e s s e d f r u i t s a n d v e g e t a b l e s ................................................ 2 4 8 .5 2 4 8 .6 2 7 7 .1 2 7 4 .3 2 7 4 .9 2 7 3 .7 2 7 5 .3 2 7 7 .1 2 7 7 .1 2 7 8 .3 2 7 8 .6 r 2 8 1 .1 2 7 9 .8 2 8 1 .5 2 8 5 .3 2 9 1 .8 2 9 2 .8 2 8 6 .4 2 8 3 .7 2 8 7 .4 2 8 9 .9 2 9 6 .0 2 9 6 .4 3 0 0 .6 0 2 -5 ............................................................. S u g a r a n d c o n f e c t i o n e r y ................................................ 0 2 -6 B e v e r a g e s a n d b e v e r a g e m a te r ia ls 0 2 -7 F a ts a n d o il s 0 2 -8 0 2 -9 ........................................ ......................................................... M is c e lla n e o u s p r o c e s s e d f o o d s ............................... P r e p a r e d a n im a l f e e d s ......................................................... 2 5 5 .6 2 9 8 .9 3 0 0 .2 r2 9 8 .0 2 9 7 .6 2 9 7 .4 2 9 9 .0 2 6 3 .6 2 6 1 .3 2 6 2 .0 2 6 3 .0 2 6 3 .6 2 6 3 .0 2 6 3 .7 2 6 3 .9 2 6 4 .3 r2 6 5 .2 2 6 6 .1 2 6 6 .5 2 6 8 .4 2 3 9 .6 2 0 5 .3 2 0 6 .0 2 1 4 .6 2 2 0 .0 2 1 9 .3 2 2 2 .2 2 4 5 .6 3 0 3 .5 r 2 8 1 .7 2 7 7 .6 2 7 1 .7 2 7 8 .7 2 6 9 .1 2 5 4 .4 2 4 9 .3 2 4 8 .5 2 4 9 .9 2 4 9 .9 2 5 1 .5 2 5 5 .0 2 5 2 .7 2 5 8 .4 r 2 6 2 .1 2 6 4 .0 265 2 6 6 .7 2 7 5 .3 2 2 8 .5 2 1 2 .3 2 1 2 .4 2 2 2 .8 2 2 1 .3 2 1 7 .1 2 2 0 .0 2 3 3 .0 2 4 9 .3 r2 4 8 .6 2 5 0 .9 2 4 5 .7 2 4 6 .0 2 3 1 .1 2 0 4 .9 2 0 7 .0 2 0 9 .3 2 7 0 .0 IN D U S T R IA L C O M M O D IT IE S 03 T e x t ile p r o d u c t s a n d a p p a r e l ........................................ 0 3 -1 S y n t h e tic f ib e r s ( 1 2 / 7 5 = 0 3 -2 P r o c e s s e d y a r n s a n d th r e a d s ( 1 2 /7 5 = 0 3 -3 0 3 -4 G r a y f a b r i c s ( 1 2 /7 5 = 1 0 0 ) ........................... 100) . . 1 0 0 ) .......................... F in is h e d f a b r i c s ( 1 2 / 7 5 = 1 0 0 ) ............................... 2 0 2 .6 2 0 3 .4 2 0 3 .5 2 0 4 .3 2 0 4 .7 2 0 5 .3 2 0 6 .0 2 0 6 .2 r2 0 7 .0 2 0 7 .2 2 0 8 .0 1 5 6 .8 1 5 3 .1 1 5 3 .9 1 5 3 .8 1 5 5 .6 1 5 5 .9 1 5 8 .3 1 5 7 .5 1 5 8 .0 r 16 0 .5 1 5 9 .5 1 5 8 .2 1 5 9 .2 1 3 8 .3 1 3 5 .0 1 3 5 .8 1 3 6 .0 1 3 7 .4 1 3 7 .6 1 3 8 .5 1 4 0 .2 1 4 0 .3 r 1 4 1 .3 1 4 1 .3 1 4 2 .4 142 3 1 4 6 .9 1 4 4 .0 1 4 4 .3 1 4 5 .1 1 4 5 .8 1 4 6 .2 1 4 5 .8 1 4 6 .1 1 4 6 .7 1 4 7 .3 M 4 9 .4 1 5 0 .2 1 5 1 .7 1 5 2 .8 1 5 2 .8 1 2 3 .1 1 2 2 .3 1 2 2 .4 1 2 3 .1 1 2 2 .8 1 2 2 .5 1 2 2 .4 1 2 3 .6 1 2 3 .4 1 2 3 .8 1 2 3 .9 1 2 4 .3 1 2 5 .0 1 6 1 .5 1 2 6 .3 0 3 -8 1 A p p a r e l .................................................................. 1 9 7 .1 1 9 5 .0 1 9 6 .1 1 9 5 .8 1 9 6 .5 1 9 7 .9 1 9 8 .4 1 9 8 .7 1 9 8 .7 r198 0 3 -8 2 T e x t ile h o u s e f u r n i s h i n g s ............................................ 1 9 8 .7 1 9 8 .4 1 9 8 .7 1 9 9 .8 2 3 5 .6 2 3 4 .3 2 3 4 .2 2 3 4 .2 2 3 7 .6 2 3 5 .2 2 3 4 .8 2 3 4 .5 2 3 5 .3 r2 3 4 . 5 2 3 3 .9 2 3 4 .7 2 3 6 .6 2 3 6 .2 04 H id e s , s k in s , le a t h e r , a n d r e la te d p r o d u c t s ...................... 0 4 -2 L e a th e r 0 4 -3 F o o tw e a r 0 4 -4 05 ............................................................................... .................................................................. O t h e r le a t h e r a n d r e la te d p r o d u c ts . . . . F u e ls a n d r e la te d p r o d u c ts a n d p o w e r ...................... 2 7 1 .4 2 6 4 .3 2 6 4 .9 2 6 7 .4 2 6 9 .4 2 7 1 .2 2 7 2 .3 2 7 4 .7 2 7 4 .4 r2 7 3 .7 2 7 7 .3 2 7 8 .3 2 8 0 .1 2 8 3 .2 3 3 0 .8 3 1 2 .8 3 1 6 .2 3 2 0 .5 3 2 6 .6 3 3 5 .9 3 3 7 .9 3 4 3 .4 3 3 9 .4 r3 3 6 .6 3 4 0 .2 3 4 2 .6 3 4 6 .4 2 5 0 .1 3 6 1 .3 2 4 7 .7 2 4 8 .1 2 5 0 .0 2 4 8 .7 2 4 9 .9 2 4 9 .9 2 5 0 .9 2 5 1 .6 r 2 5 1 .3 2 5 1 .4 2 5 1 .3 2 5 1 .7 2 5 3 .7 2 5 1 .6 2 5 1 .0 2 5 0 .9 2 5 1 .0 2 5 1 .7 2 5 1 .7 2 5 3 .5 2 5 3 .7 2 5 3 .5 r2 5 3 .5 2 5 7 .6 2 5 8 .1 258 9 2 5 9 .1 6 6 5 .9 6 6 8 .6 6 5 8 .0 6 4 4 .8 6 5 1 .9 6 6 5 .5 6 6 8 .7 6 7 1 .7 6 7 2 .3 r6 6 9 .5 6 6 7 .1 6 6 2 .1 6 5 5 .8 6 5 6 .7 5 3 8 .6 0 5 -1 C o a l ............................................................................... 5 3 6 .8 5 3 3 .4 0 5 -2 C o k e .................................................................. 5 3 9 .8 5 4 2 .4 5 4 1 .0 5 4 3 .4 4 4 7 .8 4 5 0 .9 4 4 7 .3 4 4 7 .3 4 3 8 .4 4 3 8 .4 4 3 1 .6 4 5 3 .9 0 5 -3 4 5 3 .9 r 4 5 3 .1 G a s f u e ls 3 4 5 3 .5 4 5 3 .5 4 1 8 .3 4 1 8 .3 1 ,1 4 7 .9 1 ,1 5 4 .7 1 ,1 8 0 .0 1 , 1 5 6 .1 1 , 1 5 6 .7 1 , 1 5 5 .1 1 ,1 4 8 .9 1 ,1 4 5 .9 1 , 1 4 7 .0 r 1 . 1 2 8 .4 1 ,1 2 4 .2 1 ,1 2 5 .6 ..................................................... 0 5 -4 E le c tr ic p o w e r 0 5 -6 1 C ru d e p e tro le u m 4 0 5 -7 06 ..................................................... ..................................................... P e t r o le u m p r o d u c t s , r e fin e d 5 C h e m ic a ls a n d a llie d p r o d u c ts .................. . . . . 5 3 8 .0 5 3 5 .2 5 3 4 .1 5 3 4 .8 5 3 6 .6 5 3 7 .9 r5 3 8 .2 1 ,1 2 6 .8 1 ,1 2 3 .8 4 1 8 .0 4 1 0 .8 4 1 1 .4 4 0 9 .2 4 1 2 .2 4 1 9 .4 4 2 6 .4 427 2 4 2 7 .9 r4 2 3 .6 4 1 9 .0 4 1 7 .6 4 2 0 .9 4 2 4 .4 6 8 1 .5 6 9 2 .9 6 7 8 .0 6 7 8 .0 6 7 8 .0 6 7 7 .9 6 7 5 .7 6 7 5 .1 6 7 5 .7 r6 7 5 .7 6 7 6 .0 6 7 4 .8 6 7 6 .0 6 7 6 .0 6 8 6 .4 6 9 2 .8 6 6 6 .6 6 4 5 .9 6 5 9 .3 6 8 4 .2 6 8 8 .7 6 9 4 .9 6 9 5 .3 r6 9 6 .3 6 9 4 .7 6 8 4 .8 6 6 9 .7 6 7 0 .1 2 9 2 .9 2 9 0 .5 2 8 9 .8 294 4 0 6 -1 2 9 5 .9 I n d u s tr ia l c h e m ic a ls 6 ............................... r2 9 5 .5 2 9 6 .4 2 9 6 .6 2 9 8 .5 2 9 6 .7 3 4 2 .9 3 4 0 .1 3 3 8 .8 3 3 8 .7 3 3 8 .8 3 3 8 .5 3 4 7 .0 3 4 7 .6 0 6 -2 1 3 4 5 .6 r3 4 4 .9 P r e p a r e d p a in t 3 4 6 .3 3 4 5 .1 3 4 7 .7 2 6 4 .7 3 3 8 .0 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 5 .2 2 6 5 .4 2 6 4 .5 2 9 1 .3 2 9 1 .1 2 9 0 .8 2 9 3 .7 0 6 -2 2 P a in t m a t e r i a l s ........................................ r2 6 4 .2 2 6 4 .4 2 6 4 .9 3 0 5 .6 2 9 9 .5 2 9 8 .4 2 9 9 .8 3 0 0 .2 2 9 9 .5 3 0 0 .5 3 0 5 .7 0 6 -3 3 1 6 .2 D r u g s a n d p h a r m a c e u t ic a ls r3 1 6 . 9 3 1 4 .5 3 1 5 .5 3 1 6 .3 3 1 3 .9 2 2 6 .2 2 2 2 .2 2 2 2 .9 2 2 5 .1 2 2 5 .2 2 2 5 .2 2 2 7 .6 2 2 7 .3 2 2 7 .4 r2 2 9 .3 2 3 0 .6 2 3 1 .4 2 3 3 .3 2 3 4 .4 2 8 3 .7 2 5 3 .4 2 6 2 .2 2 7 8 .3 2 8 7 .1 2 7 6 .9 2 6 0 .9 2 7 8 .1 3 2 9 .0 r3 1 8 .6 3 2 0 .9 3 1 9 .0 3 3 4 .4 3 4 8 .9 0 6 -4 0 6 -5 ................................... F a ts a n d o il s , i n e d i b l e ........................................ A g r ic u l t u r a l c h e m ic a ls a n d c h e m ic a l p r o d u c ts . . 2 6 5 .7 2 6 6 .9 2 8 0 .7 2 8 3 .3 2 8 4 .2 2 8 2 .8 2 8 2 .4 2 8 0 .6 2 7 8 .1 2 7 7 .1 0 6 -6 2 7 6 .0 P la s tic r e s in s a n d m a t e r i a l s ............................... r2 7 6 .4 2 8 2 .5 2 7 9 .2 2 8 7 .1 2 9 0 .2 2 8 3 .1 2 8 2 .1 2 8 5 .4 2 8 8 .0 2 8 9 .1 2 9 1 .3 2 9 3 .7 0 6 -7 3 0 2 .6 r 2 9 9 .1 O t h e r c h e m ic a ls a n d a llie d p r o d u c ts 2 9 6 .6 2 9 8 .3 3 0 4 .2 2 7 3 .7 3 0 5 .0 2 7 4 .4 2 7 2 .0 2 7 4 .7 2 7 2 .0 2 7 2 .4 2 7 4 .2 2 7 4 .2 2 7 4 .3 r2 7 4 .4 2 7 4 .4 2 7 4 .5 2 7 5 .9 2 7 3 .7 2 4 3 .4 2 4 2 .3 2 4 1 .8 2 4 3 .0 2 4 3 .2 2 4 3 .1 2 4 3 .4 2 4 3 .7 2 4 3 .2 r 2 4 4 .4 2 4 5 .4 07 R u b b e r p la s t ic p r o d u c ts . . . . ........................................ 2 8 1 .1 2 4 3 .8 0 7 -1 R u b b e r a n d r u b b e r p r o d u c t s ...................... 2 4 4 .1 2 4 4 .1 2 6 6 .6 2 6 8 .3 2 6 7 .1 2 6 7 .0 2 6 7 .0 2 6 5 .6 2 6 5 .2 2 6 5 .1 0 7 -1 1 263 9 C ru d e ru b b e r r2 6 4 .8 2 6 4 .8 2 6 5 .1 2 6 5 .6 2 8 0 .9 2 7 4 .3 2 8 1 .2 2 8 1 .3 2 8 0 .6 2 8 0 .2 2 8 3 .2 2 8 4 .6 2 8 4 .4 2 8 4 .3 2 8 2 .8 2 8 2 .4 2 8 2 .9 2 4 5 .4 2 8 2 .8 2 5 0 .5 2 4 6 .6 2 4 6 .5 2 4 6 .3 2 4 3 .7 2 4 2 .4 2 4 2 .8 2 4 2 .5 r2 4 2 .6 2 4 2 .7 2 4 3 .0 2 4 2 .9 2 4 3 .0 2 8 8 .7 0 7 -1 2 ......................................................... T ir e s a n d t u b e s ............................................ 2 6 6 .6 0 7 -1 3 M is c e lla n e o u s r u b b e r p r o d u c ts ...................... 2 8 6 .0 2 8 9 .6 2 8 5 .8 2 8 5 .7 2 8 6 .0 2 8 5 .9 2 8 5 .7 2 8 4 .5 0 7 -2 2 8 1 .6 r2 8 3 .8 P la s tic p r o d u c ts ( 6 / 7 8 = . . . 2 8 4 .2 2 8 4 .8 2 8 6 .2 1 3 5 .3 1 3 3 .1 1 3 3 .2 1 3 4 .6 1 3 4 .8 1 3 5 .5 1 3 6 .0 1 3 6 .4 1 3 6 .6 1 3 7 .4 1 3 6 .8 1 3 6 .9 1 3 6 .7 1 3 7 .6 3 0 7 .3 3 0 3 .1 3 0 5 .8 3 0 7 .2 3 0 8 .0 3 1 4 .8 3 1 4 .6 3 1 3 .9 3 0 5 .6 r3 0 5 .6 3 0 6 .0 3 0 8 .8 3 0 9 .2 3 1 5 .6 08 L u m b e r a n d w o o d p r o d u c ts 0 8 -1 100) .......................... L u m b e r ..................................................... 3 5 3 .1 3 4 4 .7 3 4 9 .3 3 5 4 .2 3 5 8 .6 3 7 2 .8 3 7 3 .1 3 6 6 .6 0 8 -2 M i l l w o r k ........................................ 3 4 6 .6 r3 4 4 .7 3 4 6 .0 3 5 1 .5 3 5 3 .2 3 6 5 .4 3 0 2 .3 3 0 0 .5 3 0 4 .0 3 0 2 .8 2 9 9 .0 2 9 4 .9 2 9 6 .3 3 0 6 .6 0 8 -3 3 0 5 .9 P l y w o o d ..................................................... r3 0 7 . 4 3 0 8 .2 3 0 8 .5 3 0 8 .5 2 4 4 .1 3 0 8 .5 2 3 9 .5 2 3 8 .9 2 3 9 .4 2 4 1 .1 2 5 5 .5 2 5 2 .5 2 4 6 .2 2 4 2 .2 r2 4 6 .6 2 4 4 .7 2 4 7 .1 2 4 8 .3 2 3 0 .6 2 3 3 .2 2 4 9 .5 2 3 1 .6 2 3 0 .8 2 3 1 .1 2 2 9 .6 2 2 9 .7 2 2 9 .3 229 4 r2 2 9 .6 2 2 9 .7 2 3 0 .4 2 2 9 .8 2 3 0 .7 0 8 -4 O t h e r w o o d p r o d u c t s .......................... S e e f o o t n o t e s a t e n d o f t a b le . 82 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 24. Continued— Producer Price Indexes, by commodity groupings [1967 = 100 unless otherwise specified] 1984 1983 Annual a v e ra g e C o m m o d ity g ro u p a n d s u b g ro u p Code 1983 Feb. M a r. A p r. M ay June J u ly Aug. 2 9 4 .2 2 9 4 .8 2 9 5 .4 2 9 6 .0 2 9 7 .0 2 9 7 .8 2 9 8 .8 S e p t. O c t.1 Nov. D ec. Jan. Feb. IN D U S T R IA L C O M M O D IT IE S — C o n tin u e d 09 0 9 -1 2 9 9 .9 P u lp , p a p e r , a n d a llie d p r o d u c t s ............................................................................... 2 9 7 .7 r3 0 2 .2 3 0 2 .0 3 0 2 .7 3 0 7 .6 3 1 0 .5 P u lp , p a p e r ,a n d p r o d u c t s , e x c l u d in g b u ild in g p a p e r a n d b o a r d 2 7 1 .0 2 6 8 .7 2 6 8 .7 2 6 8 .5 2 6 8 .7 2 6 9 .2 2 7 0 .2 2 7 1 .1 2 7 3 .1 r2 7 5 .2 2 7 6 .3 2 7 6 .8 2 8 0 .0 2 8 3 .3 3 4 6 .6 3 4 5 .7 3 4 3 .0 3 4 2 .5 3 4 3 .2 3 4 4 .9 3 4 5 .8 3 4 6 .4 3 4 5 .4 r3 4 7 .4 3 5 2 .6 3 5 1 .3 3 6 4 .4 3 7 1 .5 (2 ) 2 8 1 .9 <2 ) 2 7 8 .8 <2 ) (2 ) 2 7 9 .0 (2 ) 2 7 9 .5 1 8 3 .3 2 1 6 .2 2 1 0 .2 2 1 1 .5 2 1 1 .5 2 2 9 .3 2 7 9 .2 (2 ) 280 9 1 9 4 .4 2 7 8 .4 <2 ) 2 7 8 .5 2 8 6 .0 r2 8 7 .2 2 8 7 .9 2 8 8 .9 2 9 4 .3 2 9 6 .6 2 4 8 .7 2 4 9 .4 2 4 9 .7 2 5 0 .1 2 6 9 .3 0 9 -1 1 W o o d p u l p ............................................................................................................................... 0 9 -1 2 W a s t e p a p e r ........................................................................................................................... 0 9 -1 3 Paper ........................................................................................................................................ 0 9 -1 4 P a p e rb o a rd ........................................................................................................................... 2 5 0 .5 2 4 4 .1 2 4 6 .3 2 4 8 .1 2 5 4 .0 r2 5 7 .3 2 5 7 .9 2 5 9 .5 2 6 2 .2 0 9 -1 5 C o n v e r te d p a p e r a n d p a p e r b o a r d p r o d u c t s ................................................ 2 6 5 .4 2 6 5 .1 2 6 5 .1 2 6 4 .2 2 6 4 .1 2 6 4 .5 2 6 4 .1 2 6 4 .7 2 6 5 .0 2 6 6 .5 2 6 7 .8 2 6 8 .0 2 6 9 .4 2 7 1 .6 0 9 -2 B u ild in g p a p e r a n d b o a r d 2 5 0 .0 2 4 1 .4 2 4 4 .2 2 4 7 .0 2 4 9 .3 2 5 5 .7 2 5 6 .2 2 5 2 .1 2 5 2 .8 2 5 4 .7 2 5 4 .7 2 5 0 .5 2 5 1 .9 2 5 3 .9 3 1 4 .6 ........................................................................................ M e ta ls a n d m e ta l p r o d u c t s ............................................................................................ 3 0 7 .1 3 0 4 .7 3 0 4 .4 3 0 4 .6 3 0 6 .1 3 0 6 .3 3 0 7 .3 3 0 8 .2 3 1 0 .7 r3 1 0 .9 3 1 0 .3 3 1 1 .4 3 1 2 .7 1 0 -1 I r o n a n d s t e e l ....................................................................................................................... 3 4 3 .3 3 3 9 .9 3 4 1 .6 3 4 1 .5 3 4 0 .9 3 4 1 .3 3 4 2 .1 3 4 3 .2 3 4 8 .1 r3 4 8 .5 3 4 9 .2 3 5 0 .6 3 5 4 .1 3 5 6 .3 1 0 -1 7 S te e l m i ll p r o d u c t s ......................................................................................................... 3 5 2 .6 3 5 1 .1 3 4 9 .8 3 4 9 .7 3 4 9 .8 3 5 0 .1 3 5 0 .8 3 5 1 .7 3 5 8 .1 r3 5 8 . 7 3 5 9 .1 3 5 9 .5 3 6 2 .8 3 6 3 .5 1 0 -2 N o n f e r r o u s m e t a l s ......................................................................................................... 2 7 6 .0 2 7 5 .8 2 7 7 .7 2 7 5 .7 2 7 8 .4 2 7 9 .8 r2 7 9 .3 2 7 5 .6 2 7 8 .0 2 7 6 .1 2 7 9 .5 1 0 -3 M e ta l c o n t a in e r s .............................................................................................................. 3 3 5 .2 3 3 1 .1 3 3 1 .4 3 3 1 .9 3 3 7 .1 3 3 7 .4 3 3 6 .5 3 3 6 .6 3 3 8 .5 3 3 8 .3 3 3 8 .2 3 3 8 .2 3 4 4 .5 3 4 4 .9 2 8 7 .9 2 8 8 .2 2 8 8 .6 2 8 8 .5 2 9 1 .5 2 9 2 .1 2 9 2 .2 2 9 2 .5 r2 9 2 .7 2 9 1 .5 2 9 1 .9 2 9 2 .5 2 9 2 .9 2 9 3 .6 2 9 3 .9 2 9 6 .9 2 4 7 .3 2 4 8 .4 10 2 7 0 .6 2 7 1 .8 2 8 2 .0 1 0 -4 H a r d w a r e ................................................................................................................................ 2 9 0 .0 1 0 -5 P lu m b in g f ix t u r e s a n d b r a s s f it t in g s ............................................................. 2 8 9 .1 2 8 3 .5 2 8 5 .6 2 8 7 .7 2 8 9 .1 2 9 0 .8 2 9 0 .4 2 9 0 .2 2 9 2 .4 2 9 2 .7 2 9 3 .7 1 0 -6 H e a tin g e q u i p m e n t ......................................................................................................... 2 4 3 .4 2 4 0 .7 2 4 1 .1 2 4 2 .3 2 4 2 .7 2 4 3 .0 2 4 4 .9 2 4 5 .1 2 4 6 .6 r2 4 5 .3 2 4 5 .2 2 4 5 .6 3 0 3 .0 3 0 4 .3 r3 0 4 .2 3 0 5 .0 3 0 4 .9 3 0 6 .5 3 0 6 .9 2 8 4 .0 2 8 4 .3 r2 8 9 .0 2 8 9 .1 2 8 9 .3 2 8 9 .9 2 9 0 .7 1 0 -7 F a b r ic a te d s t r u c t u r a l m e ta l p r o d u c ts ............................................................. 3 0 3 .3 3 0 2 .8 3 0 3 .7 3 0 2 .5 3 0 2 .1 3 0 2 .0 3 0 2 .2 1 0 -8 M is c e lla n e o u s m e ta l p r o d u c t s ............................................................................... 2 8 3 .8 2 7 9 .0 2 8 0 .4 2 8 0 .7 2 8 0 .8 2 8 3 .4 2 8 3 .7 2 8 6 .4 2 8 4 .3 2 8 4 .7 2 8 5 .4 2 8 6 .0 2 8 6 .2 2 8 7 .4 2 8 7 .4 2 8 7 .9 r2 8 7 .6 2 8 8 .1 2 8 8 .8 2 8 9 .6 2 9 0 .4 ......................................................... 3 2 6 .3 3 2 3 .3 3 2 3 .5 3 2 3 .9 3 2 6 .4 3 2 6 .4 3 2 7 .1 3 2 7 .3 3 2 8 .5 r3 2 8 .0 3 2 9 .7 3 2 9 .8 3 3 0 .9 3 3 1 .1 1 1 -2 C o n s t r u c t io n m a c h in e r y a n d e q u i p m e n t ......................................................... 3 5 1 .9 3 4 9 .3 3 4 9 .6 3 5 0 .9 3 5 2 .3 3 5 2 .5 3 5 2 .8 3 5 2 .9 3 5 3 .5 r3 5 3 . 6 3 5 3 .7 3 5 3 .7 3 5 4 .3 3 5 5 .9 1 1 -3 M e ta lw o r k in g m a c h in e r y a n d e q u i p m e n t ..................................................... 3 2 6 .2 3 2 5 .2 3 2 5 .5 3 2 6 .2 3 2 6 .7 3 2 7 .0 3 2 6 .6 3 2 6 .5 3 2 6 .6 r3 2 7 .0 3 2 6 .6 3 2 7 .7 3 2 8 .3 3 3 0 .4 11 4 G e n e ra l p u r p o s e m a c h in e r y a n d e q u ip m e n t ............................................ 3 6 8 .2 3 0 7 .9 3 0 7 .5 3 0 8 .2 3 0 8 .4 3 0 8 .4 3 0 8 .5 3 0 7 .9 r3 0 7 .8 3 0 8 .4 3 0 9 .3 3 1 0 .3 3 1 0 .7 1 1 -6 S p e c ia l in d u s t r y m a c h in e r y a n d e q u i p m e n t ................................................ 3 3 7 .1 3 3 2 .6 3 3 3 .6 3 3 4 .5 3 3 5 .8 3 3 6 .7 3 3 8 .0 3 3 9 .0 3 3 9 .8 r3 4 0 .6 3 4 0 .9 3 4 1 .7 3 4 1 .0 3 4 3 .3 1 1 -7 E le c tr ic a l m a c h in e r y a n d e q u i p m e n t .................................................................. 2 4 0 .0 2 3 7 .2 2 3 7 .5 2 3 8 .4 2 3 8 .5 2 3 8 .8 2 4 1 .7 2 4 1 .7 2 4 2 .9 r 2 4 2 .6 2 4 2 .7 2 4 3 .7 2 4 4 .6 2 4 5 .5 1 1 -9 M is c e lla n e o u s m a c h in e r y 2 7 4 .5 2 7 2 .7 2 7 3 .7 2 7 4 .2 2 7 5 .3 2 7 5 .0 2 7 5 .2 2 7 5 .3 2 7 4 .5 r 2 7 3 .3 2 7 5 .0 2 7 5 .2 2 7 6 .3 2 7 5 .5 2 1 4 .8 2 1 4 .9 2 1 5 .4 r2 1 5 .3 2 1 5 .4 2 1 5 .3 2 1 6 .3 2 1 6 .9 2 3 5 .4 2 3 6 .3 2 3 6 .6 r2 3 6 .9 2 3 7 .1 2 3 7 .3 2 3 8 .2 2 3 9 .2 2 8 7 .5 2 8 6 .5 2 9 0 .3 2 9 0 .8 2 9 3 .9 M a c h in e r y a n d e q u ip m e n t 11 1 1 -1 ............................................................................................ A g r ic u l t u r a l m a c h in e r y a n d e q u ip m e n t ........................................................................................ 3 0 8 .1 2 1 3 .9 2 1 2 .5 2 1 2 .3 2 1 2 .8 2 1 3 .6 2 1 4 .0 1 2 -1 H o u s e h o ld f u r n i t u r e ..................................................................................................... 2 3 4 .7 2 3 2 .6 2 3 1 .1 2 3 1 .8 2 3 4 .4 2 3 5 .0 1 2 -2 C o m m e r c ia l f u r n i t u r e ..................................................................................................... 2 8 6 .5 2 8 2 .2 2 8 5 .1 2 8 6 .2 2 8 5 .9 2 8 7 .3 r 2 8 7 .4 1 2 -3 F lo o r c o v e r i n g s .................................................................................................................. 1 8 5 .0 1 8 2 .1 1 8 2 .0 1 8 2 .2 1 8 2 .1 1 8 1 .4 1 8 6 .6 1 8 8 .9 1 8 9 .5 r 1 8 9 .5 1 8 7 .9 1 8 7 .8 1 8 9 .0 1 8 7 .7 2 0 7 .8 2 0 7 .7 2 0 8 .0 2 0 7 .6 2 0 7 .7 208 1 2 0 9 .4 2 1 0 .6 F u r n it u r e a n d h o u s e h o ld d u r a b l e s ........................................................................... 12 2 8 6 .9 2 9 0 .5 ................................................................................................. 2 0 6 .8 2 0 4 .9 2 0 5 .0 2 0 6 .3 2 0 7 .5 2 0 7 .5 1 2 -5 H o m e e le c t r o n ic e q u i p m e n t ................................................................................... 8 6 .2 8 7 .0 8 7 .0 8 6 .6 8 6 .4 8 6 .5 8 5 .9 8 5 .5 8 5 .8 8 5 .8 8 5 .8 8 4 .6 8 4 .3 8 4 .4 1 2 -6 O t h e r h o u s e h o ld d u r a b le g o o d s ........................................................................... 312 5 3 1 4 .8 3 1 2 .9 3 1 2 .0 3 1 2 .7 3 1 4 .3 3 1 4 .8 3 1 3 .9 3 1 4 .5 r3 1 4 .0 3 1 2 .9 3 1 3 .1 3 1 5 .9 3 1 5 .2 3 2 8 .8 3 3 2 .3 1 2 -4 H o u s e h o ld a p p lia n c e s ................................................................................... 3 2 5 .3 3 2 2 .3 3 2 2 .0 3 2 4 .1 3 2 4 .1 3 2 4 .5 3 2 5 .1 3 2 6 .3 3 2 7 .2 r3 2 8 .0 3 2 8 .9 3 2 9 .2 1 3 -1 1 F la t g l a s s ............................................................................................................................... 2 2 9 .7 229 7 2 2 9 .7 2 2 9 .7 2 2 9 .7 2 2 9 .7 2 2 9 .8 2 2 9 .7 2 2 9 .5 r2 2 9 .6 2 3 0 .1 2 3 0 .0 2 2 9 .5 2 3 0 .0 1 3 -2 C o n c r e te i n g r e d i e n t s ..................................................................................................... 3 1 4 .0 3 1 0 .0 3 0 8 .5 3 1 2 .8 3 1 3 .7 3 1 4 .2 3 1 4 .0 3 1 6 .4 3 1 7 .2 r3 1 6 .7 3 1 6 .7 3 1 7 .0 3 1 2 .9 3 2 1 .3 1 3 -3 C o n c r e te p r o d u c ts 3 0 1 .8 3 0 0 .1 3 0 0 .4 3 0 1 .0 3 0 1 .1 3 0 1 .6 3 0 2 .3 3 0 2 .7 3 0 3 .6 3 0 3 .7 3 0 5 .6 3 0 6 .4 1 3 -4 S t r u c t u r a l c la y p r o d u c t s , e x c lu d in g r e fr a c to r ie s N o n m e ta llic m in e r a l p r o d u c t s 13 3 0 3 .5 3 0 3 .3 ................................... 2 7 7 .6 2 6 4 .3 2 7 0 .7 2 7 5 .7 2 7 7 .6 2 8 1 .5 2 8 2 .4 2 8 2 .4 2 8 2 .4 r 2 8 3 .5 2 8 3 .4 2 8 3 .5 2 8 3 .7 2 8 3 .0 1 3 -5 R e f r a c t o r i e s ........................................................................................................................... 3 4 1 .6 3 3 7 .7 3 3 7 .7 3 3 8 .2 3 3 8 .2 3 3 6 .8 3 3 8 .2 3 3 9 .4 3 4 0 .2 r3 4 4 .7 3 5 4 .3 3 5 4 .3 3 5 5 .0 3 5 7 .0 1 3 -6 A s p h a lt r o o f i n g .................................................................................................................. 3 8 3 .0 3 8 0 .4 3 7 4 .7 3 7 9 .6 3 8 5 .3 3 8 3 .4 3 8 7 .2 r3 8 7 .9 3 8 4 .2 3 8 0 .6 3 8 1 .4 1 3 -7 G y p s u m p r o d u c ts 2 8 4 .9 2 6 7 .4 2 6 5 .9 2 7 1 .9 2 7 5 .7 2 7 3 .8 2 7 6 .0 2 8 9 .3 297 8 r3 1 2 .8 3 1 3 .9 3 2 1 .4 3 2 8 .5 3 3 9 .4 3 5 2 .6 3 5 5 .8 3 5 4 .1 3 5 3 .5 3 5 1 .8 3 5 1 .8 3 5 1 .6 3 5 1 .3 3 5 1 .1 r3 5 0 .2 3 5 1 .1 351 0 3 5 1 .0 3 5 0 .9 4 8 0 .1 4 7 6 .1 4 7 6 .4 4 7 8 .7 4 7 8 .5 4 7 9 .5 4 7 9 .7 4 8 1 .9 4 8 2 .5 r4 8 3 .2 4 8 6 .9 4 8 7 .4 4 8 5 .4 4 8 6 .8 .......................................................................................................... .......................................................................................................... 1 3 -8 G la s s c o n t a in e r s 1 3 -9 O t h e r n o n m e ta l lic m in e r a ls .............................................................................................................. ................................................................................... 3 8 4 .0 3 8 0 .0 3 9 0 .4 1 0 0 ) ......................................................... 2 5 6 .7 2 5 5 .8 2 5 5 .2 2 5 5 .6 2 5 5 .8 2 5 6 .1 2 5 6 .2 2 5 6 .8 2 5 0 .4 r2 6 0 .6 2 6 0 .6 2 6 0 .7 2 6 1 .7 2 6 2 .3 1 4 -1 M o t o r v e h ic le s a n d e q u i p m e n t ............................................................................... 2 5 6 .8 2 5 6 .3 2 5 5 .4 2 5 5 .9 2 5 6 .2 2 5 6 .7 2 5 6 .6 2 5 6 .8 2 4 9 .1 r 2 6 0 .6 2 6 0 .3 2 6 0 .4 2 6 1 .0 2 6 1 .2 1 4 -4 R a ilr o a d e q u i p m e n t ......................................................................................................... 3 5 2 .5 3 5 0 .5 3 5 0 .3 3 5 0 .0 3 5 0 .4 3 5 0 .1 3 5 1 .3 3 5 1 .0 3 5 0 .7 r3 4 8 .6 3 5 5 .4 3 5 7 .3 3 5 9 .2 3 5 9 .2 2 9 2 .0 2 9 1 .4 r 2 9 1 .7 2 9 1 .4 2 9 2 .5 2 9 5 .3 2 9 5 .0 2 2 4 .5 2 2 4 .8 r2 2 5 .9 2 2 5 .7 2 2 5 .8 2 2 8 .0 2 2 8 .4 3 9 0 .3 T r a n s p o r t a tio n e q u ip m e n t ( 1 2 / 6 8 - 14 M is c e lla n e o u s p r o d u c t s ..................................................................................................... 2 8 9 .5 2 8 8 .8 2 8 7 .4 2 8 7 .4 2 8 7 .1 2 8 8 .0 2 9 1 .5 1 5 -1 T o y s , s p o r t in g g o o d s , s m a ll a r m s , a m m u n i t i o n ................................... 2 2 5 .2 225 3 2 2 5 .7 2 2 6 .3 2 2 6 .0 2 2 5 .9 2 2 4 .3 1 5 -2 T o b a c c o p ro d u c ts ......................................................................................................... 3 6 5 .3 3 5 6 .4 3 5 3 .8 3 5 4 .1 3 5 3 .8 3 5 2 .1 3 7 3 .4 3 7 6 .7 3 7 6 .9 r3 7 6 .8 3 7 6 .7 3 7 7 .0 3 8 9 .4 1 5 -3 N o t i o n s .................................................................................................................................... 2 8 0 .1 2 8 0 .6 2 8 0 .6 2 8 0 .3 2 8 0 .3 2 8 0 .3 2 8 0 .3 2 7 9 .7 2 7 9 .7 2 7 9 .7 2 7 9 .6 2 8 0 .1 2 8 1 .4 2 8 2 .2 2 1 6 .6 2 1 6 .5 2 1 6 .5 2 1 6 .6 2 1 6 .6 r 2 1 6 .8 2 1 7 .1 2 1 7 .1 15 ......................................................... 2 1 5 .8 2 1 1 .8 2 1 6 .6 2 1 6 .6 1 5 -5 1 0 0 ) ............................................................................... 1 6 3 .2 1 6 1 .7 1 6 2 .9 1 6 2 .3 1 6 2 .4 1 6 3 .1 1 6 3 .5 1 6 3 .7 1 6 4 .3 r 1 6 4 .8 1 6 4 .3 1 6 4 .7 (2) 1 6 2 .4 2 1 8 .2 M o b ile h o m e s ( 1 2 / 7 4 - 1 5 -9 O t h e r m is c e lla n e o u s p r o d u c t s ............................................................................... 3 5 1 .5 3 5 9 .8 3 5 0 .5 3 5 0 .3 3 4 9 .2 3 5 3 .4 3 5 3 .7 3 5 2 .9 3 4 9 .6 r3 4 9 .2 3 4 8 .4 3 5 2 .3 3 5 0 .2 3 5 0 .2 1 5 -4 P h o t o g r a p h ic e q u ip m e n t a n d s u p p lie s 1 D a ta f o r O c t o b e r 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t t h e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . 4 ln c lu d e s o n ly d o m e s t ic p r o d u c tio n , 5 M o s t p r ic e s f o r r e fin e d p e t r o le u m p r o d u c ts a r e la g g e d 1 m o n th . 2 p jo t a v a ila b le . 6 S o m e p r ic e s f o r in d u s t r ia l c h e m ic a ls a r e la g g e d 1 m o n th . 3 P r ic e s f o r n a t u r a l g a s a re la g g e d 1 m o n th . r = r e v is e d . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 6 2 .8 83 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Producer Prices 25. Producer Price indexes, for special commodity groupings [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c if ie d ] Annual C o m m o d it y g r o u p in g 1983 A ll c o m m o d itie s — le s s f a r m 1983 1984 av e ra g e p r o d u c t s .................................................................... Feb. M a r. A p r. M ay June J u ly Aug. S e p t. O c t.1 Nov. D ec. Jan. Feb. 3 1 1 .8 3 0 6 .7 3 0 4 .9 3 0 4 .5 3 0 3 .8 3 0 4 .8 3 0 6 .0 3 0 7 .1 3 0 8 .0 3 0 8 .3 r3 0 9 . 2 3 0 9 .1 3 0 9 .4 3 1 0 .8 A ll fo o d s 2 5 7 .5 2 5 5 .7 2 5 5 .8 2 5 8 .2 2 5 8 .2 2 5 6 .6 2 5 6 .2 2 5 7 .1 2 6 0 .7 r 2 6 0 .5 2 5 8 .0 2 6 0 .0 2 6 8 .3 2 7 0 .3 P r o c e s s e d fo o d s 2 5 8 .8 2 5 9 .3 2 5 8 .9 2 5 9 .5 2 5 9 .6 2 5 7 .9 2 5 7 .7 2 5 7 .6 2 6 0 .9 r 2 5 8 .6 2 5 8 .1 2 6 0 .1 2 6 6 .2 2 6 7 .1 I n d u s tr ia l c o m m o d it ie s le s s f u e l s ............................................ 2 7 9 .2 2 7 7 .0 2 7 6 .9 2 7 7 .6 2 7 8 .2 2 7 8 .7 2 7 9 .8 2 8 0 .4 2 8 0 .0 2 8 1 .8 2 8 1 .9 2 8 2 .5 284 0 2 8 5 .2 S e le c te d t e x t ile m i ll p r o d u c t s ( D e c . 1 9 7 5 = 100) . . . . 1 3 8 .1 1 3 6 .8 1 3 7 .2 1 3 7 .4 1 3 7 .7 1 3 7 .4 1 4 3 .0 1 3 9 .0 1 3 9 .1 r 1 3 9 .4 1 3 9 .2 1 3 9 .5 1 4 0 .3 1 4 4 .7 1 4 4 .5 1 4 4 .5 1 4 4 .5 1 4 4 .5 1 4 4 .5 1 4 4 .5 1 4 5 .6 1 4 5 .6 1 4 5 .6 1 4 5 .6 1 4 5 .6 1 4 5 .8 1 4 7 .2 2 2 3 .7 222 6 2 2 3 .8 2 2 3 .4 2 2 3 .5 2 2 2 .7 2 2 3 .3 2 2 3 .5 2 2 4 .5 r2 2 4 .7 2 2 4 .5 2 2 4 .8 2 2 7 .0 2 2 9 .8 2 8 3 .5 2 8 1 .4 2 8 0 .7 2 8 1 .8 2 8 1 .6 2 8 1 .5 2 8 4 .6 2 8 5 .0 2 8 5 .6 r2 8 5 .6 2 8 6 .3 2 8 6 .4 2 8 8 .0 2 8 6 .4 P h a r m a c e u t ic a l p r e p a r a t i o n s ............................................................................... 2 2 4 .8 2 1 9 .4 2 2 0 .3 2 2 3 .3 2 2 3 .5 2 2 3 .6 2 2 6 .3 2 2 6 .0 2 2 7 .1 r2 2 9 .4 2 3 0 .5 2 3 1 .8 2 3 4 .1 2 3 5 .8 L u m b e r a n d w o o d p r o d u c t s , e x c lu d in g m i l l w o r k ................................... 3 2 1 .6 3 1 4 .3 3 1 7 .2 3 2 0 .8 3 2 4 .3 3 3 8 .8 3 3 8 .1 3 3 1 .5 3 1 6 .5 r 3 1 6 .7 3 1 6 .9 3 2 1 .5 3 2 3 .0 3 3 1 .7 S te e l m i ll p r o d u c t s , in c lu d in g fa b r ic a te d w ir e p r o d u c ts 3 5 1 .0 3 4 9 .9 3 4 8 .4 3 4 8 .4 3 4 8 .5 3 4 8 .7 3 4 9 .3 3 5 0 .1 3 5 5 .9 r3 5 6 .4 3 5 6 .9 3 5 7 .4 3 6 0 .4 3 6 1 .0 3 5 7 .1 r3 5 7 .8 3 5 8 .2 3 5 8 .7 3 6 2 .1 3 6 3 .1 H o s e ry ................................................................................................................................ U n d e r w e a r a n d n ig h tw e a r ......................................................... 1 4 1 .1 C h e m ic a ls a n d a llie d p r o d u c ts , in c lu d in g s y n th e t ic r u b b e r a n d f ib e r s a n d y a r n s ................................................................................................. . . . . F in is h e d s te e l m i ll p r o d u c t s , e x c lu d in g f a b r ic a te d w ir e p r o d u c ts ....................................................................................................................... 3 5 1 .4 3 4 9 .8 3 4 8 .3 3 4 8 .4 3 4 8 .5 3 4 8 .8 3 4 9 .4 3 5 0 .3 3 4 9 .7 3 4 8 .5 3 4 7 .0 3 4 7 .0 3 4 7 .1 3 4 7 .4 3 4 7 .9 3 4 8 .7 3 5 4 .8 r3 5 5 .4 3 5 5 .9 3 5 6 .4 3 5 9 .5 3 6 0 .4 2 9 2 .5 2 9 0 .9 2 9 0 .3 2 9 0 .7 2 9 1 .7 2 9 2 .0 2 9 2 .6 2 9 3 .5 2 9 1 .5 r2 9 6 .4 2 9 6 .0 2 9 6 .6 2 9 7 .7 2 9 8 .8 2 9 9 .7 F in is h e d s te e l m i ll p r o d u c ts , in c lu d in g f a b r ic a te d w ir e p r o d u c ts ........................................................................................................................... S p e c ia l m e ta ls a n d m e ta l p r o d u c ts .................................................................. F a b r ic a te d m e ta l p r o d u c t s ........................................................................... 2 9 4 .2 2 9 1 .3 2 9 2 .3 292 2 2 9 2 .6 2 9 4 .0 2 9 4 .2 2 9 4 .7 2 9 5 .5 r2 9 7 .2 2 9 7 .5 2 9 7 .6 2 9 9 .1 C o p p e r a n d c o p p e r p r o d u c t s .................................................................................... 1 9 6 .6 2 0 1 .5 1 9 8 .9 2 0 0 .9 2 0 6 .7 2 0 1 .3 2 0 1 .6 2 0 1 .2 1 9 8 .2 r 1 9 0 .7 1 8 3 .0 1 8 4 .9 1 8 2 .1 M a c h in e r y a n d m o tiv e p r o d u c t s .................................................................. 2 7 9 .8 2 7 8 .2 2 7 8 .1 2 7 8 .7 2 7 9 .2 2 7 9 .4 2 8 0 .1 2 8 0 .4 2 7 7 .7 r2 8 2 .2 2 8 2 .5 2 8 3 .0 2 8 3 .9 2 8 4 .6 M a c h in e r y a n d e q u ip m e n t , e x c e p t e le c t r ic a l 3 1 3 .6 3 1 1 .9 3 1 2 .2 3 1 2 .9 3 1 3 .8 3 1 3 .9 3 1 4 .2 3 1 4 .2 3 1 4 .3 r 3 1 4 .1 3 1 4 .8 3 1 5 .3 3 1 6 .1 3 1 6 .8 A g r ic u l t u r a l m a c h in e r y , in c lu d in g t r a c t o r s ....................................... 1 8 5 .2 ........................................ 3 4 1 .5 3 3 7 .7 3 3 7 .8 3 3 8 .2 3 4 1 .7 3 4 1 .8 3 4 2 .7 3 4 2 .8 3 4 4 .0 r3 4 3 .6 M e ta lw o r k in g m a c h i n e r y ................................................................................... 3 5 7 .1 3 5 5 .7 3 5 5 .6 3 5 6 .3 3 5 8 .0 3 5 7 .8 3 5 7 .8 3 5 7 .5 3 5 7 .1 r3 5 7 .6 3 5 7 .3 3 6 0 .0 3 5 9 .8 3 6 2 .6 T o ta l t r a c t o r s ............................................................................................ 3 6 9 .9 3 6 5 ,6 3 6 5 .7 3 6 6 .1 3 7 0 .5 3 7 0 .6 370 7 3 7 0 .0 3 7 2 .5 3 7 2 .6 3 7 5 .2 3 7 3 .8 3 7 4 .0 3 7 4 .5 A g r ic u l t u r a l m a c h in e r y a n d e q u ip m e n t le s s p a r t s ................................... 3 3 0 .0 3 2 6 .6 3 2 6 .8 3 2 7 .1 3 3 0 .1 3 3 0 .2 3 3 1 .0 3 3 1 .2 3 3 2 .6 r 3 3 1 .8 3 3 3 .9 3 3 3 .8 3 3 4 .8 3 3 5 .2 F a r m a n d g a r d e n t r a c t o r s le s s p a r ts 3 4 7 .5 3 4 2 .2 3 4 2 .2 3 4 2 .2 3 4 8 .8 3 4 8 .8 3 4 8 .8 3 4 7 .5 3 5 0 .6 3 5 0 .7 3 5 4 .7 3 5 1 .9 3 5 2 .2 3 5 2 .9 ..................................................... A g r ic u l t u r a l m a c h in e r y , e x c lu d in g t r a c t o r s le s s p a r ts ...................... C o n s t r u c t io n m a t e r i a l s ............................................................................................ 3 4 6 .0 3 4 6 .0 3 4 6 .7 3 4 7 .1 3 3 6 .9 3 3 4 .4 3 3 4 .5 3 3 5 .2 3 3 6 .2 3 3 6 .4 3 3 8 .0 3 3 9 .2 3 3 8 .9 r3 3 8 .2 3 3 9 .2 3 4 1 .4 3 4 2 .5 3 4 2 .7 2 9 7 .7 2 9 4 .6 2 9 5 .0 2 9 6 .1 2 9 6 .8 2 9 8 .6 3 1 0 .6 299 8 2 9 9 .9 3 0 0 .4 3 0 0 .6 3 0 1 .4 3 0 2 .3 3 0 4 .8 Aug. S e p t. O c t.1 Nov. D ec. Jan. 1 D a ta f o r O c t o b e r 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t t h e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . 26. r = r e v is e d . Producer Price indexes, by durability of product [1 9 6 7 = 1 0 0 ] A nnual C o m m o d it y g r o u p in g 1983 T o ta l d u r a b le g o o d s ..................................................................................................... T o ta l n o n d u r a b le g o o d s ............................................................................................ T o t a l m a n u f a c t u r e s ......................................................................................................... D u r a b le ....................................................................................................................... N o n d u r a b le .............................................................................................................. T o ta l r a w o r s li g h t l y p r o c e s s e d g o o d s D u r a b le 1983 1984 av e ra g e Feb. M ar. A p r. M ay June J u ly Feb. 2 8 6 .7 2 8 4 .8 2 8 4 .6 2 8 5 .3 2 8 6 .0 286 7 2 8 7 .4 2 8 7 .8 2 8 6 .8 2 8 9 .2 2 8 9 .2 2 8 9 .9 2 9 0 .7 2 9 2 .2 3 1 5 .8 3 1 3 .4 3 1 3 .0 3 1 2 .4 3 1 3 .5 3 1 4 .5 3 1 5 .4 3 1 7 .8 3 1 9 .7 r3 1 9 .1 3 1 8 .3 3 1 8 .5 3 2 1 .6 3 2 1 .7 2 9 5 .7 2 9 3 .9 2 9 3 .2 2 9 2 .7 2 9 3 .7 2 9 5 .0 2 9 6 .1 2 9 6 .9 2 9 7 .2 r2 9 8 .5 2 9 8 .4 2 9 8 .7 3 0 0 .0 2 8 7 .3 2 8 5 .7 2 8 5 .3 2 8 6 .0 286 7 2 8 7 .3 2 8 8 .0 2 8 8 .3 2 8 7 .2 r2 8 9 .6 2 8 9 .6 2 9 0 .3 2 9 1 .1 2 9 2 .4 3 0 4 .4 3 0 2 .5 3 0 1 .4 2 9 9 .7 3 0 1 .0 3 0 3 .1 3 0 4 .5 3 0 5 .9 3 0 7 .8 r3 0 7 .7 3 0 7 .5 3 0 7 .5 3 0 9 .4 3 1 0 .0 3 0 1 .0 ......................................................... 3 3 9 .9 3 3 5 .2 3 3 7 .3 3 4 0 .4 3 4 0 .9 339 0 3 3 8 .3 3 4 3 .8 3 4 5 .9 3 4 3 .6 3 4 1 .0 3 4 2 .5 3 4 8 .9 3 4 8 .2 ....................................................................................................................... 2 4 9 .6 2 3 5 .4 2 4 3 .3 2 4 4 .1 2 4 6 .1 2 4 9 .4 2 4 9 .9 2 5 6 .8 2 6 0 .7 r2 5 9 .8 2 5 9 .4 2 6 4 .1 2 6 7 .7 2 7 5 .4 3 4 5 .5 3 4 1 .5 3 4 3 .2 3 4 6 .5 3 4 6 .8 3 4 4 .6 3 4 3 .7 3 4 9 .1 3 5 1 .0 3 4 8 .6 3 4 6 .0 3 4 7 .1 3 5 3 .8 3 5 2 .4 N o n d u r a b le ............................................................................................................. 1 D a ta f o r O c t o b e r 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t th e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = r e v is e d . 27. Producer Price Indexes for the output of selected SIC industries [1967 = 100 unless otherwise specified] 1983 Annual 1972 1984 a v e ra g e In d u s t r y d e s c r ip t io n S IC Feb. 1983 code M a r. A p r. M ay June J u ly Aug. S e p t. O c t.1 Nov. D ec. Jan. Feb. M IN IN G 1011 Iro n o re s ( 1 2 /7 5 = 1 7 7 .1 1 0 0 ) .................................................................. 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 2 6 9 .7 2 8 9 .5 2 8 5 .4 2 7 2 .9 2 6 8 .7 2 5 4 .1 2 3 7 .5 2 3 1 .2 2 4 3 .3 2 8 3 .3 2 8 7 .5 2 7 7 .0 2 7 5 .8 2 4 5 .4 ............................................ 9 2 1 .7 9 3 1 .2 9 3 4 .4 922 1 9 2 1 .8 9 2 4 .2 9 1 6 .6 9 1 5 .8 9 2 0 .0 '9 0 7 . 2 9 1 0 .2 9 1 0 .2 9 1 5 .1 9 1 3 .8 1 0 0 ) ............................................ 1 6 4 .3 1 5 6 .3 1 5 8 .4 1 6 4 .3 1 6 4 .3 1 6 4 .3 1 6 4 .3 1 6 4 .3 1 6 4 .3 1 7 1 .7 1 7 2 .9 1 7 2 .9 1 7 2 .9 1 7 2 .9 2 7 5 .6 2 7 5 .6 2 7 6 .1 2 7 8 .4 2 7 8 .1 1092 M e rc u ry o re s ( 1 2 /7 5 = 1311 C r u d e p e t r o le u m a n d n a t u r a l g a s 100) ..................................................... 1455 K a o lin a n d b a ll c la y ( 6 / 7 6 = M A N U F A C T U R IN G 2 7 8 .2 2 6 9 .5 2 6 7 .3 2 6 7 .6 2021 C r e a m e r y b u t t e r ........................................................................................ 2 7 5 .8 2 7 5 .6 2 7 5 .6 2 7 5 .6 2 7 5 .6 2044 R ic e m i l l i n g ...................... .......................................................................... 1 9 3 .4 1 8 3 .0 1 8 3 .0 1 8 8 .9 1 9 1 .3 1 9 4 .5 1 9 3 .7 1 9 8 .1 2 0 1 .1 1 9 6 .7 1 9 9 .6 1 9 9 .6 1 9 9 .6 1 9 8 .1 3 2 6 .1 327 2 327 2 3 2 7 .3 3 2 7 .3 3 2 7 .3 3 2 7 .4 3 2 7 .5 3 2 7 .9 3 2 8 .1 2 0 1 .2 3 2 6 .8 3 2 6 .0 3 2 6 .1 3 2 6 .1 2067 C h e w in g g u m ............................................................................................ 2074 C o tto n s e e d o il m i l l s ............................................................................... 2 0 4 .5 1 7 3 .4 1 6 7 .1 186 a 1 8 6 .2 179 2 192 4 2 2 0 .6 2 6 2 .9 f 2 5 3 .5 2 3 3 .2 2 2 3 .3 2 2 9 .2 2083 M a lt 2 3 4 .1 232 6 2 3 2 .6 2 3 2 .6 2 3 2 .6 2 3 2 .6 2 3 2 .6 2 3 2 .6 2 3 2 .6 2 3 2 .6 2 4 1 .6 2 4 1 .6 2 4 1 .6 1 7 5 .7 1 7 3 .4 1 7 3 .7 1 6 9 .4 1 6 9 .8 1 7 0 .2 1 6 9 .2 1 6 9 .6 1 6 9 .0 1 6 8 .8 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 8 .6 2 6 1 .9 2 6 1 .9 2 6 1 .9 2 6 1 .9 1 2 3 .0 .................................................................................................................. 2091 2098 M a c a r o n i a n d s p a g h e t t i ...................................................................... 2251 W o m e n 's h o s ie r y , e x c e p t s o c k s ( 1 2 /7 5 = 1 7 4 .0 1 7 9 .2 1 7 7 .9 1 7 7 .7 2 5 6 .8 2 5 5 .5 2 5 5 .5 2 5 5 .5 1 2 2 .5 1 1 8 .5 2 4 1 .6 1 2 2 .6 1 2 2 .7 1 2 2 .7 1 2 2 .7 1 2 2 .7 1 2 2 .9 1 2 2 .9 1 2 2 .9 1 2 3 .0 1 2 3 .1 1 2 3 .2 1 3 5 .3 1 3 6 .0 1 3 6 .1 1 3 9 .8 1 3 8 .0 1 3 2 .9 1 3 2 .8 1 3 3 .8 1 3 3 .5 '1 3 2 . 8 1 3 4 .0 1 3 7 .1 1 3 8 .5 1 4 1 .2 1 2 6 .6 1 2 6 .7 1 2 6 .2 1 2 7 .2 1 2 6 .9 1 2 5 .9 1 2 5 .1 1 2 7 .2 1 2 5 .8 1 2 7 .2 1 2 7 .3 1 2 7 .4 1 2 8 .8 1 2 9 .7 1 0 0 ) ............................................................. 1 6 4 .9 1 6 1 .9 1 6 5 .6 1 6 5 .7 1 6 5 .7 1 6 5 .7 1 6 5 .7 1 6 5 .7 1 6 6 .1 1 6 6 .1 1 6 6 .1 1 6 6 .1 1 6 6 .1 1 6 6 .2 ....................................... 1 3 9 .3 1 4 2 .7 1 4 2 .8 1 3 7 .6 1 3 7 .6 1 3 7 .6 1 3 7 .6 1 3 7 .6 1 3 9 .0 1 3 9 .0 1 3 9 .0 1 3 9 .0 1 3 9 .1 1 3 9 .3 . 1 1 6 .6 1 1 7 .0 1 1 5 .5 1 1 5 .5 1 1 5 .5 1 1 7 .0 1 1 7 .0 1 1 7 .0 1 1 7 .0 1 1 7 .0 1 1 7 .0 1 1 7 .0 1 1 8 .2 1 1 7 .8 ..................................................... 2 9 3 .3 2 8 8 .8 2 8 8 .8 2 9 1 .0 2 9 1 .7 2 9 1 .7 2 9 6 .3 2 9 6 .3 2 9 6 .3 2 9 6 .3 2 9 6 .3 2 9 7 .6 2 9 5 .2 2 9 9 .1 1 0 0 ) .................. 1 4 7 .2 1 4 8 .7 1 4 6 .2 1 4 6 .2 1 4 6 .2 1 4 6 .2 1 4 6 .2 1 4 6 .2 1 4 6 .2 r 14 7 .8 1 4 8 .5 1 4 8 .5 1 5 1 .3 1 5 1 .2 1 0 0 ) .............................. 1 4 9 .2 1 4 5 .2 1 4 5 .7 1 4 6 .9 1 4 8 .5 1 4 9 .5 1 5 0 .9 1 5 1 .3 1 5 1 .0 r 1 5 1 .5 1 5 1 .9 1 5 3 .6 1 5 4 .0 1 5 5 .9 W o o d o f fic e f u r n i t u r e .......................................................................... 2 8 1 .6 2 7 3 .4 2 7 9 .6 2 8 2 .5 2 8 2 .5 2 8 2 .5 2 8 3 .5 2 8 3 .6 2 8 3 .6 r2 8 3 .6 2 8 4 .7 2 8 4 .7 2 8 6 .3 2 9 0 .3 2654 S a n ita r y f o o d c o n t a in e r s 2 6 6 .6 2 6 1 .7 2 6 5 .1 2 6 5 .2 2 6 5 .2 2 6 5 .2 2 6 7 .1 267 1 2 6 7 .8 '2 6 9 . 0 2 7 0 .6 2 7 0 .6 2 7 0 .6 2 7 4 .9 2655 F ib e r c a n s , d r u m s , a n d s im ila r p ro d u c ts ( 1 2 /7 5 = 1 0 0 ) 1 8 6 .5 1 8 3 .8 1 8 3 .8 1 8 5 .6 1 8 5 .6 1 8 5 .9 1 8 7 .7 1 8 ’ .7 1 8 7 .7 1 8 7 .8 1 8 9 .5 1 8 9 .5 1 8 9 .6 1 8 9 .7 2911 P e t r o le u m r e fin in g ( 6 /7 6 = 2 5 4 .1 2 5 7 .4 2 5 0 .4 2 4 0 .6 2 4 6 .0 2 5 4 .0 2 5 5 .4 2 5 7 .2 2 5 6 .8 r 2 5 7 .1 2 5 4 .5 2 5 1 .0 2 4 5 .5 2 4 6 .9 2952 A s p h a lt f e lt s a n d c o a t in g ( 1 2 / 7 5 = 1 0 0 ) .......................... 1 6 6 .5 1 6 5 .8 1 6 3 .2 1 6 6 .9 1 6 5 .1 1 6 4 .9 1 6 7 .4 1 6 6 .4 1 6 8 .0 r 1 6 8 .4 1 6 7 .0 1 6 5 .5 1 6 5 .9 1 6 9 .9 3251 B r ic k a n d s t r u c t u r a l c la y t i l e ......................................................... 3 3 2 .6 3 1 5 .6 3 2 8 .3 3 3 2 .2 3 3 3 .8 3 3 4 .6 3 3 6 .4 3 3 6 .4 3 3 6 .4 r3 3 8 .4 3 4 0 .8 3 4 1 .0 3 4 1 .3 3 4 1 .0 2261 F in is h in g p la n ts , c o tt o n ( 6 /7 6 = 2262 F in is h in g p la n ts , s y n th e t ic s , s il k ( 6 / 7 6 = 100) 2284 T h r e a d m ills ( 6 / 7 6 = 2298 C o r d a g e a n d t w in e ( 1 2 /7 7 = 2361 C h i ld r e n 's d r e s s e s a n d b lo u s e s ( 1 2 /7 7 = 2381 F a b r ic d r e s s a n d w o r k g lo v e s 2394 C a n v a s a n d r e la te d p r o d u c ts ( 1 2 / 7 7 = 2448 W o o d p a lle ts a n d s k id s ( 1 2 / 7 5 = 2521 100) 100) . . . ............................... 100) . . . 100) . . . . .................................................................. 100) ............................................ 3253 C e r a m ic w a ll a n d f lo o r t ile ( 1 2 /7 5 = ...................... 1 4 5 .1 1 4 0 .7 1 4 0 .7 1 4 0 .7 1 4 2 .4 1 4 9 .6 1 4 9 .6 1 4 9 .6 1 4 9 .6 r 14 9 .6 1 4 6 .8 1 4 6 .8 1 4 6 .8 1 4 6 .8 3255 C la y r e f r a c t o r i e s ........................................................................................ 3 5 6 .1 3 5 1 .1 3 5 1 .2 3 5 2 .2 3 5 2 .2 3 4 9 .4 3 5 2 .1 3 5 4 .4 3 5 5 .9 r3 6 4 .3 3 6 8 .6 3 6 8 .6 3 6 9 .3 3 6 9 .7 S t r u c t u r a l c la y p r o d u c ts , n . e . c ....................................................... 2 3 0 .4 2 1 5 .7 2 1 5 .7 2 3 2 .7 2 3 4 .7 2 3 4 .7 2 3 4 .8 2 3 4 .9 2 3 4 .9 r 2 3 5 .1 2 3 5 .7 2 3 5 .7 2 3 5 .6 2 3 2 .6 2 7 8 .1 2 7 3 .3 2 7 5 .1 2 7 5 .3 2 7 6 .1 2 7 6 .9 2 7 7 .0 2 7 7 .0 2 8 1 .3 2 8 3 .7 2 8 4 .5 2 8 5 .4 2 8 5 .6 2 8 7 .0 F in e e a r th e n w a r e f o o d u t e n s i l s ..................................................... 3 6 5 .8 3 6 5 .7 3 6 5 .7 3 6 5 .7 3 6 5 .9 3 6 6 .5 3 6 6 .5 3 6 6 .5 3 6 6 .5 r3 6 6 .5 3 6 6 .2 3 6 6 .2 3 7 5 .9 3 8 1 .4 .......................... 1 8 6 .2 1 8 6 .6 1 8 6 .6 1 8 6 .6 1 8 6 .6 1 8 6 .6 1 8 6 .6 1 8 6 .6 186 6 r 1 8 6 .6 1 8 7 .0 1 8 7 .0 1 8 8 .7 1 8 9 .3 ........................................................................... 1 8 5 .8 1 8 5 .5 1 8 5 .1 1 8 7 .8 1 8 5 .2 186 2 1 8 7 .1 1 8 7 .6 1 8 6 .3 r 1 8 5 .9 1 8 2 .6 1 8 2 .8 1 8 3 .0 1 8 4 .6 2 0 5 .3 2 0 3 .6 2 0 3 .6 2 0 3 .8 2 0 3 .6 203 6 2 0 3 .7 2 0 3 .8 2 1 2 .9 2 1 2 .9 2 1 3 .1 2 1 5 .4 3259 100) 3261 3263 3269 P o t te r y p r o d u c ts , n . e . c . ( 1 2 / 7 5 = 3274 L im e ( 1 2 / 7 5 = 3297 100) N o n c la y r e fr a c to r ie s ( 1 2 /7 4 = 100) 1 0 0 ) ........................................ 2 0 3 .8 '2 0 3 . 9 1 8 2 .5 1 7 5 .1 1 8 1 .6 1 8 1 .6 1 8 1 .6 1 8 1 .6 1 8 1 .6 1 8 1 .6 1 8 1 .6 '1 8 1 . 6 1 8 7 .6 1 8 7 .6 1 9 6 .6 1 9 6 .6 2 4 1 .9 2 4 4 .0 2 4 3 .4 2 4 3 .3 2 4 3 .1 2 4 2 .3 2 4 3 .5 2 4 3 .5 2 4 3 .6 '2 4 3 . 9 2 3 9 .0 2 3 9 .7 2 4 1 .0 2 4 1 .7 3482 S m a ll a r m s a m m u n it io n ( 1 2 / 7 5 = 3623 W e ld in g a p p a r a tu s , e le c t r ic ( 1 2 /7 2 = 1 0 0 ) ...................... 3648 L ig h t in g e q u ip m e n t , n . e . c . ( 1 2 /7 5 = 1 0 0 ) ...................... 1 7 2 .8 1 7 1 .5 1 7 1 .6 1 7 2 .6 1 7 2 .6 1 7 3 .1 1 7 3 .4 1 7 3 .4 1 7 3 .5 1 7 3 .7 1 7 3 .9 1 7 2 .6 1 7 3 .5 1 7 3 .5 3671 E le c tr o n t u b e s , r e c e iv in g t y p e ..................................................... 4 3 5 .4 4 3 2 .0 4 3 1 .9 4 3 2 .1 4 3 2 .1 4 3 2 .2 4 3 2 .5 4 3 2 .5 4 3 2 .8 4 3 2 .9 4 3 2 .8 4 6 9 .8 4 9 0 .4 4 9 0 .7 3942 D o lls ( 1 2 / 7 5 = 1 0 0 ) ............................... 1 0 0 ) ........................................................................... 1 3 7 .4 1 3 6 .8 1 3 6 .8 1 3 7 .7 1 3 7 .7 1 3 7 .7 1 3 7 .7 1 3 7 .7 1 3 7 .7 '1 3 7 . 7 1 3 7 .3 1 3 7 .3 1 3 7 .2 1 3 7 .4 3944 2 4 3 .4 2 4 1 .8 2 4 2 .2 2 4 2 .2 2 4 2 .2 2 3 6 .1 2 3 6 .2 2 3 6 .3 '2 3 6 .4 2 3 1 .9 2 3 2 .0 2 3 5 .4 2 3 6 .5 1 4 9 .0 G a m e s , t o y s , a n d c h il d r e n 's v e h i c l e s ................................... 2 3 7 .3 3955 C a r b o n p a p e r a n d in k e d r ib b o n s ( 1 2 /7 5 = . . . 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .3 1 3 9 .3 1 3 9 .3 1 4 4 .3 3995 B u r ia l c a s k e ts ( 6 / 7 6 = 1 0 0 ) ......................................................... 1 5 3 .5 1 5 2 .1 1 5 2 .1 1 5 2 .1 1 5 2 .1 1 5 2 .1 1 5 5 .4 1 5 5 .4 1 5 5 .4 1 5 6 .0 1 5 6 .0 1 5 6 .0 1 5 6 .0 1 5 7 .2 3996 H a r d s u r fa c e f lo o r c o v e r in g s ( 1 2 / 7 5 = 1 6 1 .3 1 5 9 .2 1 5 9 .2 1 5 9 .7 1 5 9 .6 1 5 9 .6 1 6 2 .2 1 6 3 .4 1 6 3 .5 '1 6 5 . 5 1 6 3 .5 1 6 3 .5 1 6 5 .2 1 6 5 .2 100) 1 0 0 ) .................. 1 D a ta f o r O c t o b e r 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t t h e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = r e v is e d . 85 PRODUCTIVITY DATA d a t a are compiled by the Bureau of Labor Statistics from establishment data and from measures of compensation and output supplied by the U.S. Department of Commerce and the Federal Reserve Board. P r o d u c t iv it y Definitions Output is the constant dollar gross product produced by the particular sector. Output per hour of all persons (labor productivity) measures the value o f goods and services in constant prices produced per hour of labor. Output per unit of capital services (capital productivity) measures the value o f goods and services in constant dollars per unit of capital services input. Multifactor productivity measures the output per unit of combined labor and capital input. The traditional measure of output per hour reflects changes in capital per hour and a combination of other factors— such as, changes in technology, shifts in the composition o f the labor force, changes in capacity utilization, research and development, skill and efforts of the work force, management, and so forth. The multifactor productivity meas ure differs from the familiar b u s measure of output per hour of all persons in that it excludes the effects of the substitution of capital for labor. Compensation per hour includes wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans. The data also include an estimate of wages, salaries, and supplementary payments for the self-employed, except for nonfinancial corporations, in which there are no self-employed. Real compensation per hour is com pensation per hour adjusted by the Consumer Price Index for All Urban Consumers. Unit labor costs measure the labor compensation costs required to produce a unit o f output and is derived by dividing compensation by output. Unit nonlabor payments include profits, depreciation, interest, and in direct taxes per unit o f output. They are computed by subtracting com pensation o f all persons from current dollar gross product and dividing by output. Unit nonlabor costs contain all the components of unit nonlabor payments except unit profits. Unit profits include corporate profits and the value o f inventory adjustments per unit of output. The implicit price deflator is the price index for the gross product of the sector reported. It is derived by dividing the current dollar gross product by the constant dollar figures. Hours of all persons measures the labor input of payroll workers, selfemployed persons, and unpaid family workers. Output per all employee 86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis hour describes labor productivity in nonfinancial corporations where there are no self-employed. The capital services input index used in the mul tifactor productivity computation is developed by b l s from measures of the net stock of physical assets— equipment, structures, land, and inven tories— weighted by rental prices for each type of asset. Combined units of labor and capital input are computed by combining changes in labor and capital inputs with weights which represent each component’s share o f total output. The indexes for capital services and combined units of labor and capital are based on changing weights which are averages o f the shares in the current and preceding year (the Tomquist index-number formula). Notes on the data In the business sector and the nonfarm business sector, the output meas ure employed in the computation of output per hour is constructed from Gross Domestic Product rather than Gross National Product. Multifactor productivity measures (table 28) for the p r i v a t e business and p r i v a t e non farm business sectors differ from the business and nonfarm business sector measures used in the traditional labor productivity indexes (tables 2 9 -3 2 ) in that they exclude the activities of government enterprises. There is no difference in the sector definition for manufacturing. Output measures for the business sectors are derived from data supplied by the Bureau of Economic Analysis, U.S. Department of Commerce, and the Federal Reserve Board. Quarterly manufacturing output indexes are adjusted by the Bureau of Labor Statistics to annual estimates o f output (gross product originating) from the Bureau of Economic Analysis. Com pensation and hours data are from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The productivity and associated cost measures in the tables describe the relationship between output in real terms and the labor time and capital services involved in its production. They show the changes from period to period in the amount of goods and services produced per unit of input. Although these measures relate output to hours and capital services, they do not measure the contributions of labor, capital, or any other specific factor o f production. Rather, they reflect the joint effect of many influences, including changes in technology; capital investment; level of output; uti lization of capacity, energy, and materials; the organization of production; managerial skill; and the characteristics and efforts of the work force. For a more complete description of the methodology underlying the multifactor productivity measures, see Bulletin 2178, “ Trends in Multifactor Produc tivity, 19 4 8 -8 1 ” (September 1983). 28. Annual indexes of multifactor productivity and related measures, selected years, 1948-82 [1977 = 100] 1948 1950 1960 1970 O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 4 5 .3 4 9 .7 6 4 .8 O u t p u t p e r u n it o f c a p it a l s e r v i c e s ............................... 9 9 .0 9 8 .6 9 8 .5 Ite m 1975 1976 1978 9 2 .4 9 4 .5 9 7 .6 1 0 0 .6 9 9 .3 9 6 .5 9 2 .0 9 6 .1 1 0 1 .8 1 0 0 .3 1973 1974 8 6 .1 9 4 .7 9 8 .5 1 0 3 .0 1979 1980 1981 1982 9 8 .8 1 0 1 .2 1 0 1 .1 9 5 .5 9 5 .8 P R IV A T E B U S IN E S S S E C T O R P r o d u c tiv it y : 9 0 .9 M u lt i f a c t o r p r o d u c t i v i t y ......................................................... 6 0 .0 6 3 .6 7 5 .4 9 0 .2 9 7 .5 9 3 .8 9 3 .6 9 7 .1 1 0 1 .0 9 9 .7 9 7 .7 9 9 .3 9 7 .5 O u t p u t .......................................................................................................... 3 6 .8 3 9 .5 5 3 .3 7 8 .3 9 1 .8 8 9 .9 8 8 .0 9 3 .7 1 0 5 .5 1 0 7 .9 1 0 6 .4 1 0 9 .8 1 0 6 .6 7 9 .5 8 2 .2 9 6 .9 9 7 .2 1 0 8 .6 1 0 7 .7 I n p u ts : H o u r s o f a ll p e r s o n s .................................................................. 8 1 .3 9 3 .1 9 5 .9 1 0 4 .9 C a p ita l s e r v ic e s 3 7 .2 4 0 .1 5 4 .1 7 9 .4 8 9 .1 9 3 .1 9 5 .7 9 7 .5 1 0 3 .6 1 0 7 .5 1 1 1 .4 1 1 4 .6 1 1 7 .3 .. .. . 6 1 .3 6 2 .1 7 0 .7 8 6 .8 9 4 ,1 9 5 .8 9 4 .0 9 6 .5 1 0 4 .4 1 0 8 .2 1 0 8 .9 1 1 0 .5 1 0 9 .4 ............................................ 4 5 .7 5 0 .4 6 5 .8 8 7 .4 9 2 .0 9 5 .8 . 1 0 2 .8 1 0 1 .6 9 8 .8 9 9 .0 1 0 3 .4 1 0 5 .7 1 1 1 .3 ........................................................................... C o m b in e d u n it s o f la b o r a n d c a p it a l in p u t C a p ita l p e r h o u r o f a ll p e r s o n s P R IV A T E N O N F A R M 9 0 .9 1 0 8 .4 1 0 5 .4 B U S IN E S S S E C T O R P r o d u c t i v it y : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 5 1 .2 5 5 .6 6 7 .9 8 6 .8 9 5 .3 9 2 .9 9 4 .7 9 7 .8 1 0 0 .6 9 9 .0 9 8 .3 1 0 0 .2 1 0 0 .2 O u t p u t p e r u n it o f c a p it a l s e r v i c e s ............................... 9 7 .9 9 8 .2 9 8 .4 9 8 .6 1 0 3 .2 9 6 .5 9 1 .7 9 6 .1 1 0 1 .9 1 0 0 .1 9 5 .2 9 5 .0 9 0 .1 M u lt i f a c t o r p r o d u c t i v i t y ......................................................... 6 4 .6 6 8 .1 7 7 .6 9 0 .6 9 7 .9 9 4 .1 9 3 .6 9 7 .2 1 0 1 .1 9 9 .4 9 7 .3 9 8 .4 9 6 .6 O u t p u t .......................................................................................................... 3 5 .6 3 8 .3 5 2 .3 7 7 .8 9 1 .7 8 9 .7 8 7 .6 93 6 1 0 5 .7 1 0 8 .0 1 0 6 .4 1 0 9 .3 1 0 6 .2 H o u r s o f a ll p e r s o n s ................................................................... 6 9 .6 6 9 .0 7 7 .0 8 9 .7 9 6 .2 9 6 .6 9 2 .5 9 5 .7 1 0 5 .1 1 0 9 .0 1 0 8 .2 1 0 9 .0 1 0 6 .0 C a p ita l s e r v ic e s 3 6 .4 3 9 .0 5 3 .2 7 8 .9 8 8 .8 9 3 .0 9 5 .6 9 7 .4 1 0 3 .7 1 0 7 .9 1 1 1 .7 1 1 5 .1 1 1 8 .0 5 5 .2 5 6 .3 6 7 .4 8 5 .9 9 3 .6 9 5 .4 93.. 6 9 6 .3 1 0 4 .6 1 0 8 .6 1 0 9 .4 1 1 1 .0 1 1 0 .0 5 2 .3 5 6 .6 6 9 .0 8 8 .0 9 2 .3 9 6 .3 1 0 3 .4 1 0 1 .8 9 8 .7 9 9 .0 1 0 3 .2 1 0 5 .5 1 1 1 .2 1 0 1 .5 1 0 1 .7 I n p u ts : ........................................................................... C o m b in e d u n it s o f la b o r a n d c a p it a l in p u t C a p ita l p e r h o u r o f a ll p e r s o n s . . . . ............................................ M A N U F A C T U R IN G P r o d u c tiv it y : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 4 5 .1 6 0 .0 7 9 .1 9 3 .0 9 0 .8 9 7 .5 1 0 0 .8 1 0 5 .3 1 0 6 .5 O u t p u t p e r u n it o f c a p it a l s e r v i c e s ............................... 9 3 .9 9 4 .5 8 8 .0 9 1 .8 1 0 8 .2 9 9 .6 8 9 .4 9 6 .1 1 0 1 .5 9 9 .5 9 0 .7 9 0 .2 8 2 .7 M u lt i f a c t o r p r o d u c t i v i t y .......................................................... 5 6 .1 5 9 .9 6 7 .0 8 2 .3 9 6 .8 9 3 .0 9 2 .2 9 7 .1 1 0 1 .0 1 0 1 .0 9 8 .7 1 0 1 .2 9 9 .9 O u t p u t .......................................................................................................... 3 5 .8 38 6 5 0 .7 7 7 .0 9 5 .9 9 1 .9 8 5 .4 9 3 .6 1 0 5 .3 1 0 8 .2 1 0 3 .5 1 0 6 .5 9 9 .1 4 9 .4 9 3 .4 I n p u ts : H o u r s o f a ll p e r s o n s .................................................................. 7 9 .4 7 8 .2 8 4 .4 9 7 .3 1 0 3 .2 1 0 1 .2 9 1 .4 9 5 .9 1 0 4 .5 1 0 6 .6 1 0 1 .8 1 0 1 .2 9 3 .0 C a p ita l s e r v ic e s 3 8 .1 4 0 .9 5 7 .5 8 3 .9 8 8 .6 9 2 .2 9 5 .5 9 7 .4 1 0 3 .8 1 0 8 .8 1 1 4 .1 1 1 8 .0 1 1 9 .9 6 3 .8 6 4 .6 7 5 .6 9 3 .6 9 9 .1 9 8 .8 9 2 .6 9 6 .4 1 0 4 .3 1 0 7 .2 1 0 4 .8 1 0 5 .2 9 9 .2 4 8 .0 5 2 .3 6 8 .2 8 6 .2 8 5 .9 9 1 .1 1 0 4 .4 1 0 1 .5 99 3 1 0 2 .1 1 1 2 .1 1 1 6 .7 1 2 8 .8 1981 1982 1983 ........................................................................... C o m b in e d u n it s o f la b o r a n d c a p it a l in p u t C a p ita l p e r h o u r o f a ll p e r s o n s 29. . . . . ............................................ Annual indexes of productivity, hourly compensation, unit costs, and prices, selected years, 1950-83 [1977 = 100] 1950 It e m 1955 1960 1965 1970 1975 1976 1978 1979 1980 B u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 5 0 .4 5 8 .3 6 5 .2 7 8 .3 8 6 .2 9 4 .5 9 7 .6 1 0 0 .6 9 9 .4 9 8 .9 1 0 1 .3 1 0 1 .2 1 0 3 .8 C o m p e n s a tio n p e r h o u r .......................................................... 2 0 .0 2 6 .4 3 3 .9 4 1 .7 5 8 .2 8 5 .5 9 2 .9 1 0 8 .6 1 1 8 .7 1 3 1 .2 1 4 3 .9 1 5 5 .1 1 6 3 .1 ............................................ 5 0 .5 9 0 .8 9 6 .3 U n it la b o r c o s t s ........................................................................... 3 9 .8 4 5 .2 5 2 .1 5 3 .3 6 7 .5 9 0 .5 9 5 .1 1 0 8 .0 1 1 9 .5 1 3 2 .7 1 4 2 .1 1 5 3 .3 1 5 7 .1 U n it n o n la b o r p a y m e n t s .......................................................... 4 3 .4 4 7 .6 5 0 .6 5 7 .6 6 3 .2 9 0 .4 9 4 .0 1 0 6 .7 1 1 2 .8 1 1 9 .0 1 3 6 .2 1 3 6 .9 r 1 4 5 .8 r 1 5 3 .3 R e a l c o m p e n s a tio n p e r h o u r 5 9 .6 6 9 .5 8 0 .1 9 8 .9 1 0 0 .9 9 9 .1 9 6 .5 9 5 .9 9 7 .4 9 9 .2 4 1 .0 4 6 .0 5 1 .6 5 4 .7 6 6 .0 9 0 .4 9 4 .7 1 0 7 .5 1 1 7 .2 1 2 8 .1 1 4 0 .1 1 4 7 .7 O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 5 6 .3 6 2 .7 6 8 .3 8 0 .5 8 6 .8 9 4 .7 9 7 .8 1 0 0 .6 9 9 .1 9 8 .4 1 0 0 .3 1 0 0 .2 1 0 3 .4 C o m p e n s a tio n p e r h o u r .......................................................... 2 1 .8 2 8 .3 3 5 .7 4 2 .8 5 8 .7 8 6 .0 9 3 .0 1 0 8 .6 1 1 8 .4 1 3 0 .7 1 4 3 .5 1 5 4 .7 r 1 6 3 .4 6 4 .0 7 3 .0 I m p li c it p r ic e d e f l a t o r .............................................................. N o n f a r m b u s in e s s s e c to r : ............................................ 5 5 .0 U n it la b o r c o s t s ........................................................................... 3 8 .8 4 5 .1 5 2 .3 5 3 .2 6 7 .6 9 0 .8 9 5 .1 1 0 8 .0 1 1 9 .5 1 3 2 .8 1 4 3 .0 1 5 4 .4 1 5 8 .1 U n i t n o n l a b o r p a y m e n t s ......................................................... 4 2 .7 4 7 .8 5 0 .4 5 8 .0 6 3 .8 8 8 .5 9 3 .5 1 0 5 .3 1 1 0 .4 1 1 8 .5 1 3 5 .0 1 3 7 .0 r 1 4 6 .2 I m p li c it p r ic e d e f l a t o r .............................................................. 4 0 .1 4 6 .0 5 1 .6 5 4 .8 6 6 .3 9 0 .0 9 4 .6 1 0 7 .1 1 1 6 .5 1 2 8 .1 1 4 0 .4 1 4 8 .6 r 1 5 4 .2 R e a l c o m p e n s a tio n p e r h o u r 8 2 .2 9 1 .5 9 6 .8 9 9 .0 1 0 0 .9 9 8 .9 9 6 .1 9 5 .6 9 7 .1 9 9 .4 N o n f in a n c ia l c o r p o r a t io n s : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ <1 ) <1 ) 6 8 .0 8 1 .9 8 7 .4 9 5 .5 9 8 .2 1 0 0 .9 1 0 0 .7 9 9 .8 1 0 2 .3 1 0 2 .8 P 1 0 6 .1 C o m p e n s a tio n p e r h o u r .......................................................... <1 ) <1 ) 3 7 .0 4 3 .9 5 9 .4 8 6 .1 9 2 .9 1 0 8 .5 1 1 8 .7 1 3 0 .9 1 4 3 .6 1 5 4 .8 P 1 6 2 .3 R e a l c o m p e n s a tio n p e r h o u r ............................................ ( 1> (1> 7 5 .8 8 4 .3 9 2 .7 9 6 .9 9 8 .9 1 0 0 .7 9 9 .1 9 6 .3 9 5 .7 9 7 .2 P 9 8 .7 U n it la b o r c o s t s ........................................................................... (1> (1) 5 4 .4 5 3 .5 6 8 .0 9 0 .2 9 4 .6 1 0 7 .5 1 1 7 .8 1 3 1 .2 1 4 0 .3 1 5 0 .6 P 1 5 3 .0 9 0 .8 9 5 .0 1 0 4 .2 1 0 6 .9 1 1 7 .4 1 3 4 .4 1 3 7 .6 P 1 4 8 .4 1 2 6 .4 1 3 8 .3 1 4 6 .1 P 1 5 1 .4 U n it n o n la b o r p a y m e n t s ......................................................... (1> (1) 5 4 .6 6 0 .8 6 3 .1 I m p li c it p r ic e d e f l a t o r .............................................................. (1) (1) 5 4 .5 5 6 .1 6 6 .3 9 0 .4 9 4 .7 1 0 6 .4 1 1 4 .1 M a n u fa c t u r in g : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 4 9 .4 5 6 .4 6 0 .0 7 4 .5 7 9 .1 9 3 .4 9 7 .5 1 0 0 .8 1 0 1 .5 1 0 1 .7 1 0 5 .3 1 0 6 .5 P 1 1 3 .4 C o m p e n s a tio n p e r h o u r ......................................................... 2 1 .5 2 8 .8 3 6 .7 4 2 .8 5 7 .6 8 5 .4 9 2 .3 1 0 8 .3 1 1 8 .8 1 3 2 .7 1 4 5 .8 1 5 8 .2 P 1 6 7 .1 R e a l c o m p e n s a tio n p e r h o u r ............................................ 5 4 .0 6 5 .1 7 5 .1 8 2 .3 8 9 .8 9 6 .2 9 8 .3 1 0 0 .6 9 9 .2 9 7 .6 9 7 .2 9 9 .3 P 1 0 1 .6 U n it la b o r c o s t s ........................................................................... 4 3 .4 5 1 .0 6 1 .1 5 7 .5 7 2 .7 9 1 .5 9 4 .6 1 0 7 .4 1 1 7 .0 1 3 0 .5 1 3 8 .5 1 4 8 .5 P 1 4 7 .3 U n it n o n la b o r p a y m e n t s ......................................................... 5 4 .3 5 8 .5 6 1 .1 6 9 .3 6 5 .0 8 7 .3 9 3 .7 1 0 2 .5 9 9 .9 9 7 .7 1 1 0 .2 1 0 9 .2 P (1 ) I m p li c it p r ic e d e f l a t o r .............................................................. 4 6 .6 5 3 .2 6 1 .1 6 1 .0 7 0 .5 9 0 .3 9 4 .4 1 0 6 .0 1 1 2 .0 1 2 0 .9 1 3 0 .2 1 3 7 .0 P (1 ) 1 N o t a v a ila b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = r e v is e d . p = p r e lim in a r y . 87 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Productivity 30. Annual changes in productivity, hourly compensation, unit costs, and prices, 1972-83 A n n u a l ra te Year It e m of change 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 -0 .1 1 9 5 0 -8 3 1 9 7 2 -8 3 B u s in e s s s e c to r : ...................... 2 .6 3 .3 2 .4 2 .6 2 .2 1 1 C o m p e n s a tio n p e r h o u r ........................................ 8 .0 9 .4 9 .6 8 .6 7 .7 8 .6 9 .4 1 0 .5 9 .7 7 .7 5 .2 6 .6 8 .6 R e a l c o m p e n s a tio n p e r h o u r 1 .6 - 1 .4 0 .5 2 .6 1 .2 0 .9 - 1 .7 - 2 .6 - 0 .6 1 .5 1 .9 O u t p u t p e r h o u r o f a ll p e r s o n s ........................... - 2 .4 2 .2 0 .6 - 1 .2 - 0 .5 2 .4 2 .1 0 3 ......................................................... 5 .3 1 2 .1 7 .3 5 .1 5 .1 8 .0 1 0 .7 1 1 .1 7 .1 7 .9 2 .5 4 .3 7 .4 U n it n o n la b o r p a y m e n t s ........................................ 5 .9 4 .4 1 5 .1 4 .0 6 .4 6 .7 5 .8 5 .5 1 4 .4 0 .5 6 .5 3 .7 6 .6 ............................................ 5 .5 9 .5 9 .8 4 .7 5 .6 7 .5 9 .0 9 .2 9 .4 5 .4 3 .8 4 .1 7 2 2 .4 - 2 .5 2 .0 3 .2 2 .2 0 .6 - 1 .5 - 0 .7 1 .9 3 .1 1 .9 1 .0 9 .6 8 .1 7 .5 8 .6 U n it la b o r c o s ts I m p li c it p r ic e d e f la t o r N o n f a r m b u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ...................... C o m p e n s a tio n p e r h o u r ........................................ -0 .1 7 .6 9 .4 8 .6 9 .0 1 0 .4 9 .8 5 .6 6 .3 .......................... 1 .3 - 1 .4 0 .4 2 .2 1 .0 0 .9 - 2 .0 - 2 .8 - 0 .6 1 .6 2 .3 1 .8 ......................................................... 5 .0 1 2 .2 7 .5 4 .8 5 .2 8 .0 1 0 .7 1 1 .1 7 .7 7 .9 2 .4 4 .3 7 .5 U n it n o n l a b o r p a y m e n t s ........................................ 1 .3 5 .9 1 6 .7 5 .7 6 .9 5 .3 4 .8 7 .4 1 3 .9 1 .4 6 .8 3 .8 6 .8 I m p li c it p r ic e d e f la t o r ............................................ 3 .8 1 0 .2 1 0 .3 5 .1 5 .7 7 .1 8 .8 1 0 .0 9 .6 5 .8 3 .8 4 .2 7 .6 O u t p u t p e r h o u r o f a ll e m p l o y e e s .................. 2 .4 - 3 .7 2 .9 2 .9 1 .8 0 .9 - 0 .2 - 0 .9 2 .5 0 .5 C o m p e n s a tio n p e r h o u r ........................................ 7 .5 9 .4 9 .6 7 .9 7 .6 8 .5 9 .4 1 0 .3 9 .7 7 .8 P 4 .9 ........................... I1) P 8 .4 R e a l c o m p e n s a tio n p e r h o u r 1 .2 - 1 .5 0 .4 2 .0 1 .1 0 .7 - 1 .7 - 2 .8 - 0 .6 1 .6 P 1 .6 (1) P 0 .2 R e a l c o m p e n s a tio n p e r h o u r U n it la b o r c o s ts 7 .8 0 .2 N o n f in a n c ia l c o r p o r a t io n s : U n it la b o r c o s ts P 3 .2 .......................................................... 4 .9 1 3 .6 6 .5 4 .9 5 .7 7 .5 9 .6 1 1 .3 7 .0 7 .3 P 1 .6 U n it n o n la b o r p a y m e n t s ........................................ (1) 1 .5 7 .1 2 0 .1 4 .6 5 .3 4 .2 2 .6 9 .8 1 4 .5 2 .4 P 7 .8 3 .8 (1 P 7 .1 I m p li c it p r ic e d e f la t o r 1 1 .4 1 0 .9 4 .8 5 .6 6 .4 7 .2 1 0 .8 9 .4 5 .7 P 3 .8 ( 1) P 7 .2 ............................................ M a n u fa c t u r in g : O u t p u t p e r h o u r o f a ll p e r s o n s P 7 .2 ...................... 5 .4 - 2 .4 r2 .9 4 .4 2 .5 6 .5 2 .5 C o m p e n s a tio n p e r h o u r ........................................ 7 .2 1 0 .6 1 1 .9 8 .0 8 .3 8 .3 9 .7 1 1 .7 9 .9 8 .5 5 .6 6 .4 9 1 R e a l c o m p e n s a tio n p e r h o u r 0 .9 - 0 .3 2 .5 2 .1 1 .8 0 .6 - 1 .4 - 1 .6 -0 .4 2 .2 2 .3 1 .9 0 .8 6 .6 U n it la b o r c o s ts ........................... 0 .8 0 .7 0 .2 3 .5 1 .2 2 .3 .......................................................... 1 .7 1 3 .3 8 .8 3 .4 5 .7 7 .4 9 .0 1 1 .5 6 .1 7 .2 - 0 .8 3 .8 U n it n o n la b o r p a y m e n t s ....................................... - 3 .3 - 1 .8 2 5 .9 7 .4 6 .7 2 .5 - 2 .6 - 2 .2 1 2 .8 - 0 .9 (1) 2 .2 4 .1 0 .3 9 .0 1 3 .1 4 .6 6 .0 6 .0 5 .7 7 .9 7 .7 5 .2 <1 ) 3 .4 6 .5 I m p li c it p r ic e d e f la t o r ............................................ ' N o t a v a ila b le . 31. P 1 .1 (1) r = r e v is e d . p = p r e lim in a r y . Quarterly indexes of productivity, hourly compensation, unit costs, and prices, seasonally adjusted [1 9 7 7 = 1 0 0 ] Q u a r t e r ly in d e x e s A nnual av e ra g e Ite m 1982 1981 1983 II III 1982 IV I II 1983 III IV I II III IV B u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ................................... 1 0 1 .2 1 0 3 .8 1 0 1 .1 1 0 2 .3 1 0 1 .2 1 0 1 .1 1 0 0 .7 1 0 1 .1 1 0 1 .9 1 0 2 .5 1 0 3 .9 1 0 4 .2 1 0 4 .8 ..................................................... 1 5 5 .1 1 6 3 .1 1 4 2 .2 1 4 5 .5 1 4 8 .2 1 5 1 .6 1 5 3 .9 1 5 6 .5 1 5 8 .7 1 6 0 .7 1 6 2 .1 1 6 3 .6 1 6 6 .3 R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 7 .4 9 9 .2 r9 6 .0 95 6 r9 5 .8 C o m p e n s a tio n p e r h o u r 9 7 .1 r9 7 .3 r9 7 .2 r 9 8 .1 9 9 .4 9 9 .2 r9 9 . 0 9 9 .6 U n it la b o r c o s t s ........................................................................... 1 5 3 .3 1 5 7 .1 1 4 0 .7 1 4 2 .3 1 4 6 .4 1 4 9 .9 152 9 1 5 4 .7 1 5 5 .6 1 5 6 .9 1 5 6 .0 1 5 6 .9 1 5 8 .7 U n it n o n la b o r p a y m e n ts ..................................................... 1 3 6 .9 r1 4 5 .8 1 3 3 .4 1 3 9 .9 1 4 0 .2 1 3 7 .0 1 3 7 .0 1 3 6 .3 1 3 7 .4 1 4 0 .8 1 4 5 .7 1 4 7 .6 1 4 8 .6 I m p li c it p r ic e d e f l a t o r .............................................................. 1 4 7 .7 r 1 5 3 .3 1 3 8 .2 1 4 1 .5 1 4 4 .3 1 4 5 .5 1 4 7 .5 1 4 8 .5 1 4 9 .4 1 5 1 .5 1 5 2 .5 1 5 3 .8 1 5 5 .3 1 0 0 .2 1 0 3 .4 1 0 0 .1 1 0 1 .1 9 9 .9 1 0 0 .0 9 9 .9 1 0 0 .4 1 0 0 .8 1 0 1 .7 1 0 3 .5 1 0 4 .0 1 0 4 .3 1 5 4 .7 r 1 6 3 .4 1 4 5 .1 1 4 7 .7 1 6 6 .0 N o n f a r m b u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s C o m p e n s a tio n p e r h o u r ................................... ..................................................... 1 4 1 .8 1 5 1 .3 1 5 3 .5 1 5 6 .1 1 5 8 .3 1 6 1 .0 1 6 2 .7 1 6 4 .2 R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 7 .1 9 9 .4 r9 5 .7 9 5 .3 r9 5 .5 9 6 .9 r9 7 .0 r9 7 . 0 r9 7 .9 9 9 .5 r9 9 .5 r9 9 .4 U n it la b o r c o s t s ........................................................................... 1 5 4 .4 1 5 8 .1 1 4 1 .6 1 4 3 .5 1 4 7 .8 1 5 1 .3 1 5 3 .6 1 5 5 .4 1 5 7 .1 1 5 8 .3 1 5 7 .2 1 5 7 .8 1 5 9 .2 U n it n o n la b o r p a y m e n ts ..................................................... 1 3 7 .0 r 1 4 6 .2 1 3 2 .2 1 3 8 .3 1 3 9 .5 1 3 6 .4 1 3 7 .7 1 3 6 .5 1 3 7 .2 1 4 0 .7 1 4 5 .7 1 4 8 .3 1 4 9 .9 I m p li c it p r ic e d e f l a t o r .............................................................. 1 5 0 .5 1 5 2 .4 1 5 3 .4 1 5 4 .7 1 5 6 .1 9 9 .4 1 4 8 .6 r 1 5 4 .2 1 3 8 .4 1 4 1 .8 1 4 5 .0 1 4 6 .4 1 4 8 .3 1 4 9 .1 O u t p u t p e r h o u r o f a ll e m p l o y e e s ............................... 1 0 2 .8 P 1 0 6 .1 1 0 2 .1 1 0 3 .0 1 0 2 .2 1 0 2 .4 1 0 2 .3 1 0 3 .2 1 0 3 .4 1 0 4 .3 1 0 5 .9 1 0 7 .0 C o m p e n s a tio n p e r h o u r ..................................................... 1 5 4 .8 P 1 6 2 .3 1 4 2 .0 1 4 5 .0 1 4 7 .8 1 5 1 .7 1 5 3 .7 1 5 6 .1 1 5 8 .1 1 6 0 .4 1 6 1 .6 1 6 2 .8 ( 1) R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 7 .2 P 9 8 .7 r9 5 .8 9 5 .2 r9 5 .5 r 9 7 .1 r 9 7 .1 9 6 .9 r9 7 .8 9 9 .2 r9 8 .8 r9 8 . 6 ( 1) P 1 5 5 .4 N o n f in a n c ia l c o r p o r a t io n s : ( 1) T o ta l u n it c o s t s ........................................................................... 1 5 3 .5 1 4 1 .1 1 4 3 .6 1 5 3 .8 1 5 6 .3 1 5 4 .5 ( 1) U n it la b o r c o s t s .............................................................. 1 5 0 .6 P 1 5 3 .0 1 3 9 .0 1 4 0 .7 1 4 4 .6 1 4 8 .1 1 5 0 .2 1 5 1 .1 1 5 2 .9 1 5 3 .9 1 5 2 .5 1 5 2 .1 ( 1) U n it n o n la b o r c o s t s ..................................................... 1 6 1 .8 P 1 6 2 .3 1 4 7 .0 1 5 1 .9 1 5 6 .6 1 5 8 .9 1 6 1 .2 1 6 1 .3 1 6 5 .9 1 6 4 .7 1 6 3 .1 1 6 1 .2 U n it p r o f i t s 1 4 7 .7 1 5 0 .9 1 5 3 .1 1 5 6 .7 1 5 5 .3 (1) ................................................................................... 8 8 .9 P 1 2 0 .3 1 0 0 .3 1 0 8 .6 1 0 4 .2 9 0 .8 9 0 .3 9 1 .2 8 3 .0 9 6 .1 1 1 5 .0 1 3 1 .5 <1 ) I m p li c it p r ic e d e f l a t o r .............................................................. 1 4 6 .1 P 1 5 1 .4 1 3 6 .4 1 3 9 .6 1 4 2 .7 1 4 4 .0 1 4 5 .9 1 4 6 .6 1 4 7 .9 1 4 9 .7 1 5 0 .7 1 5 1 .8 ( 1) 1 1 7 .1 M a n u fa c t u r in g : ................................... 1 0 6 .5 r 1 1 3 .4 1 0 5 .4 1 0 6 .1 1 0 4 .4 1 0 5 .1 1 0 5 .3 1 0 7 .8 1 0 8 .1 1 1 0 .2 1 1 2 .6 1 1 5 .9 ..................................................... 1 5 8 .2 1 6 7 .1 1 4 4 .3 1 4 7 .0 1 5 0 .5 1 5 5 .1 1 5 7 .1 1 5 9 .6 1 6 1 .4 1 6 5 .5 1 6 6 .4 1 6 7 .5 R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 9 .3 1 0 1 .6 r9 7 .4 r9 6 .6 r9 7 .2 9 9 .4 r9 9 .3 9 9 .1 r9 9 .8 1 0 2 .3 1 0 1 .8 r 1 0 1 .4 1 0 1 .3 U n it la b o r c o s t s ........................................................................... 1 4 8 .5 r 14 7 .3 1 3 6 .9 1 3 8 .5 1 4 4 .1 1 4 7 .6 1 4 9 .1 1 4 8 .1 1 4 9 .3 1 5 0 .2 1 4 7 .8 1 4 4 .5 1 4 4 .5 O u t p u t p e r h o u r o f a ll p e r s o n s C o m p e n s a tio n p e r h o u r 1 N o t a v a ila b le . 88 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = r e v is e d . p = p r e lim in a r y . 1 6 9 .1 32. Percent change from preceding quarter and year in productivity, hourly compensation, unit costs, and prices, seasonally adjusted at annual rate Q u a r te r ly p e rc e n t c h a n g e a t a n n u a l ra te It e m P e rc e n t c h a n g e fro m s a m e q u a rte r a y e a r ag o I1 19 82 III 1 9 8 2 IV 1 9 8 2 1 1983 I1 19 83 III 1 9 8 2 III 1 9 8 1 IV 1 9 8 1 to to to to to to to to to to to to III 1 9 8 2 IV 1 9 8 2 1 1983 II 1 9 8 3 III 1 9 8 3 IV 1 9 8 3 III 1 9 8 2 IV 1 9 8 2 11983 II 1 9 8 3 III 1 9 8 3 IV 1 9 8 3 11982 II 1 9 8 2 III 1 9 8 2 IV 1 9 8 2 B u s in e s s s e c to r : O u t p u t p e r h o u r o t a ll p e r s o n s ........................... 1 .7 1 .2 2 .2 0 .7 1 .3 r3 . 2 3 .1 C o m p e n s a tio n p e r h o u r ............................................ 6 .7 5 .7 5 .4 3 .5 3 .6 7 .0 7 .5 7 .1 6 .1 5 .3 4 .5 R e a l c o m p e n s a tio n p e r h o u r ............................... r0 .4 r4 .1 r 5 .0 r - 0 .8 r0 .6 2 .4 1 .6 2 .5 2 .4 1 .9 1 .9 1 .5 U n it la b o r c o s t s .............................................................. 5 .0 2 .3 3 .3 - 2 .2 2 .3 4 .7 8 .7 6 .3 4 .7 2 .1 1 .4 2 .0 - 2 .0 3 .2 1 0 .5 1 4 .4 5 .4 2 .8 - 2 .6 - 2 .0 2 .8 6 .3 8 .3 8 .0 2 .7 2 .6 5 .5 2 .8 3 .3 4 .1 4 .9 3 .5 4 .1 3 .4 3 .6 3 .8 2 .3 1 .3 3 .7 7 .1 2 .3 0 .9 - 0 .6 0 .8 1 .7 3 .6 3 .6 3 .5 4 .8 U n it n o n la b o r p a y m e n ts ........................................ I m p li c it p r ic e d e f l a t o r ................................................. 3 .3 2 .0 5 .9 - 1 .1 2 .8 4 .8 N o n f a r m b u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ........................... C o m p e n s a tio n p e r h o u r ............................................ 7 .2 5 .8 6 .8 4 .3 3 .8 4 .4 6 .0 5 .2 R e a l c o m p e n s a tio n p e r h o u r ............................... r - 0 .0 r4 .1 r6 . 5 r0 .0 r - 0 .3 - 0 .0 1 .7 2 .6 2 .7 2 .6 2 .5 U n it la b o r c o s t s .............................................................. 4 .7 4 .4 3 .0 -2 .6 1 .5 3 .5 8 .3 6 .3 4 .6 2 .3 1 .5 1 .3 - 3 .4 2 .0 1 0 .6 1 5 .2 7 .3 4 .2 - 1 .3 - 1 .6 3 .1 5 .9 r8 .6 9 .2 2 .2 3 .7 5 .3 2 .7 3 .3 3 .7 5 .2 3 .7 4 .1 3 .4 3 .7 3 .7 3 .8 0 .6 3 .4 6 .5 4 .2 1 .2 1 .8 3 .6 3 .7 (1) U n it n o n la b o r p a y m e n ts ........................................ I m p li c it p r ic e d e f l a t o r ................................................. 7 .6 7 .2 6 .4 1 .5 N o n f in a n c ia l c o r p o r a t io n s : O u t p u t p e r h o u r o f a ll e m p lo y e e s .................. ( 1) 0 .2 C o m p e n s a tio n p e r h o u r ............................................ 6 .4 5 .4 6 .0 2 .9 3 .0 ( ') 7 .6 7 0 5 .8 5 .2 4 .3 (1) R e a l c o m p e n s a tio n p e r h o u r ............................... r - 0 .8 r3 .8 r5 .6 r - 1 .4 r -1 .1 ( 1) 1 7 2 4 2 .1 r 1 .8 1 .7 ( 1) ......................................................... 1 .8 6 .7 1 .0 -3 .5 -2 .1 ( 1) 7 1 5 b 3 .8 1 .4 0 .4 (1> ..................................................... T o ta l u n it s c o s ts U n it la b o r c o s ts 2 .4 4 .8 2 .5 - 3 .4 - 1 .1 <1 ) 7 .4 5 .7 3 .9 1 .5 ............................................ 0 .1 1 1 .9 - 2 .8 - 3 .8 - 4 .7 <1 ) 6 .2 6 .0 3 .7 1 .2 ....................................................................... 3 .8 - 3 1 .4 7 9 .9 1 0 4 .7 7 1 .0 ( 1) - 1 6 .1 -2 0 .3 5 .8 2 7 .3 4 4 .2 (1) I m p li c it p r ic e d e f l a t o r ................................................. 1 .9 3 .6 5 .1 2 .5 3 .1 ( 1) 5 .0 3 .6 4 .0 3 .3 3 .6 ( 1) U n it n o n la b o r c o s ts U n it p r o f i t s 0 .6 - 0 .1 (1> ( 1) M a n u fa c t u r in g : O u t p u t p e r h o u r o f a ll p e r s o n s ........................... 9 .6 1 .2 8 .0 9 .0 1 2 .2 4 .2 1 .6 3 .5 4 .8 6 .9 7 .5 8 .3 C o m p e n s a tio n p e r h o u r ............................................ 6 .5 4 .5 1 0 .7 2 .1 - 2 .7 4 .0 8 .6 7 .3 6 .7 5 .9 4 .9 4 .8 R e a l c o m p e n s a tio n p e r h o u r ............................... r - 0 .6 r2 .9 r 1 0 .3 r - 2 .2 U n it la b o r c o s t s .............................................................. - 2 .8 3 .3 2 .5 - 6 .4 ' N o t a v a ila b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r 1 .4 - 8 .4 r = - 0 .4 2 .6 2 .7 3 .0 2 .5 2 .3 1 .5 - 0 .2 6 .9 - 3 .6 1 .8 - 0 .9 - 2 .4 - 3 .2 r e v is e d . 89 WAGE AND COMPENSATION DATA D a t a for the employment cost index are reported to the Bureau of Labor Statistics by a sample of 2,000 private nonfarm estab lishments and 750 State and local government units selected to represent total employment in those sectors. On average, each reporting unit provides wage and compensation information on five well-specified occupations. Data on negotiated wage and benefit changes are obtained from contracts on file at the Bureau, direct contact with the parties, and secondary sources. Definitions The Employment Cost Index (ECI) is a quarterly measure of the average change in the cost o f employing labor. The rate of total compensation, which comprises wages, salaries, and employer costs for employee ben efits, is collected for workers performing specified tasks. Employment in each occupation is held constant over time for all series produced in the ECI, except those by region, bargaining status, and area. As a consequence, only changes in compensation are measured. Industry and occupational employment data from the 1970 Census of Population are used in deriving constant weights for the ECI. While holding total industry and occupational employment fixed, in the estimation of indexes by region, bargaining status, and area, the employment in those measures is allowed to vary over time in accord with changes in the sample. The rate of change (in percent) is available for wages and salaries, as well as for total compensation. Data are collected for the pay period including the 12th day of the survey months o f March, June, September, and December. The statistics are neither an nualized nor adjusted for seasonal influence. Wages and salaries consist of earnings before payroll deductions, ex cluding premium pay for overtime, work on weekends and holidays, and shift dilferentials. Production bonuses, incentive earnings, commissions, and cost-of-living adjustments are included; nonproduction bonuses are included with other supplemental pay items in the benefits category; and payments-in-kind, free room and board, and tips are excluded. B e n e f i ts include supplemental pay, insurance, retirement and savings plans, and hours-related and legally required benefits. Data on negotiated wage changes apply to private nonfarm industry collective bargaining agreements covering 1,000 workers or more. Data on compensation changes apply only to those agreements covering 5,000 workers or more. F i r s t - y e a r wage or compensation changes refer to average negotiated changes for workers covered by settlements reached in the period 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and implemented within the first 12 months after the effective date of the agreement. C h a n g e s o v e r th e lif e o f th e a g r e e m e n t refer to all adjustments specified in the contract, expressed as an average annual rate. These meas ures exclude wage changes that may occur under cost-of-living adjustment clauses, that are triggered by movements in the Consumer Price Index. W a g e - r a t e c h a n g e s are expressed as a percent of straight-time hourly earn ings; c o m p e n s a t i o n c h a n g e s are expressed as a percent of total wages and benefits. Effective wage adjustments reflect all negotiated changes implemented in the reference period, regardless of the settlement date. They include changes from settlements reached during the period, changes deferred from contracts negotiated in an earlier period, and cost-of-living adjustments. The data also reflect contracts providing for no wage adjustment in the period. Effective adjustments and each of their components are prorated over all workers in bargaining units with at least 1,000 workers. Notes on the data The Employment Cost Index data series began in the fourth quarter of 1975, with the quarterly percent change in wages and salaries in the private nonfarm sector. Data on employer costs for employee benefits were in cluded in 1980, to produce a measure of the percent change in employers’ cost for em ployees’ total compensation. State and local government units were added to the ECI coverage in 1981, providing a measure o f total compensation change in the civilian nonfarm economy. Data for the broad white-collar, blue-collar, and service worker groups, and the manufacturing, nonmanufacturing, and service industry groups are presented in the ECI. Additional occupation and industry detail are pro vided for the wages and salaries component of total compensation in the private nonfarm sector. For State and local government units, additional industry detail is shown for both total compensation and its wages and salaries component. Historical indexes (June 1981 = 100) of the quarterly rates of changes presented in the ECI are also available. For a more detailed discussion of the ECI, see chapter 11, “ The Em ployment Cost Index,” of the BLS H a n d b o o k o f M e t h o d s (Bulletin 2134— 1), and the M o n t h l y L a b o r R e v i e w articles: “ Employment Cost Index: a measure of change in the ‘price of labor,’ ” July 1975; “ How benefits will be incorporated into the Employment Cost Index,” January 1978; and “ The Employment Cost Index: recent trends and expansion,” May 1982. Additional data for the ECI and other measures of wage and compen sation changes appear in C u r r e n t W a g e D e v e l o p m e n t s , a monthly publi cation of the Bureau. 33. Employment Cost Index, by occupation and industry group [June 1981 = 100] P erce n t ch an g e 1981 S e r ie s Dec. C iv ilia n w o r k e r s 1 ......................................................................................................................................................... 1982 M a rc h June 1983 S e p t. Dec. M a rc h June S e p t. D ec. 3 m o n th s 1 2 m o n th s ended ended Decem ber 1983 1 0 4 .5 1 0 6 .3 1 0 7 .5 1 1 0 .1 1 1 1 .4 1 1 3 .2 1 1 4 .5 1 1 6 .5 1 1 7 .8 1 .1 5 .7 1 0 4 .9 1 0 6 .5 1 0 7 .7 1 1 0 .7 1 1 1 .9 1 1 3 .7 1 1 4 .9 1 1 7 .6 1 1 8 .9 1 .1 6 .3 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s .............................................................................................................. .............................................................................................................. 1 0 4 .1 1 0 5 .7 1 0 7 .1 1 0 9 .2 1 1 0 .5 1 1 2 .3 1 1 3 .6 1 1 4 .8 1 1 5 .8 .9 4 .8 ....................................................................................................................... 1 0 4 .2 1 0 7 .2 1 0 8 .3 1 1 0 .8 1 1 2 .4 1 1 4 .3 1 1 5 .1 1 1 6 .7 1 1 9 .1 2 .1 6 .0 B lu e - c o lla r w o r k e r s S e r v ic e w o r k e r s W o r k e r s , b y I n d u s tr y d iv is io n M a n u fa c t u r in g ........................................................................................................................... N o n m a n u f a c t u r i n g ................................................................................................................... S e r v ic e s .................................................................................................................................... P u b lic a d m in is t r a t io n 2 ................................................................................................. P r i v a t e in d u s t r y w o r k e r s 1 0 4 .0 1 0 6 .0 1 0 7 .2 1 0 9 .3 1 1 0 .4 1 1 2 .5 1 1 3 .5 1 1 5 .0 1 1 6 .0 .9 5 .1 1 0 4 .8 1 0 6 .4 1 0 7 .7 1 1 0 .5 1 1 1 .8 1 1 3 .5 1 1 4 .9 1 1 7 .2 1 1 8 .6 1 .2 6 .1 1 2 1 .1 1 2 2 .6 1 .2 6 .6 1 1 9 .8 1 2 1 .4 1 .3 6 .9 1 0 7 .1 1 0 8 .2 109 2 1 1 3 .5 1 1 5 .0 1 1 6 .6 1 1 7 .1 1 0 6 .0 1 0 8 .1 1 0 9 .1 1 1 2 .8 1 1 3 .6 1 1 6 .2 1 1 7 .0 1 0 4 .0 1 0 5 .8 1 0 7 .2 1 0 9 .3 1 1 0 .7 1 1 2 .6 1 1 3 .9 1 1 5 .6 1 1 7 .0 1 .2 5 .7 1 0 4 .0 1 0 5 .8 1 0 7 .2 1 0 9 .5 1 1 0 .8 1 1 2 .8 1 1 4 .2 1 1 6 .5 1 1 7 .9 1 .2 6 .4 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s ..................................................................................................... B lu e - c o lla r w o r k e r s .......................................................................................................... 1 0 4 .0 1 0 5 .6 1 0 7 .0 1 0 9 .0 1 1 0 .3 1 1 2 .1 1 1 3 .5 1 1 4 .6 1 1 5 .7 1 .0 4 .9 S e r v ic e w o r k e r s ................................................................................................................... 1 0 3 .1 1 0 6 .7 1 0 7 .9 1 0 9 .6 1 1 1 .8 1 1 3 .8 1 1 4 .6 1 1 5 .1 1 1 7 .9 2 .4 5 .5 W o r k e r s , b y in d u s t r y d iv is io n M a n u f a c t u r i n g ....................................................................................................................... 1 0 4 .0 106 0 1 0 7 .2 1 0 9 .3 1 1 0 .4 1 1 2 .5 1 1 3 .5 1 1 5 .0 1 1 6 .0 .9 5 .1 N o n m a n u f a c t u r i n g .............................................................................................................. 1 0 3 .9 1 0 5 .7 1 0 7 .1 1 0 9 .3 1 1 0 .8 1 1 2 .6 1 1 4 .2 1 1 6 .0 1 1 7 .5 1 .3 6 .0 1 0 7 .4 1 0 8 .8 1 0 9 .3 1 1 4 .3 1 1 5 .1 1 1 6 .5 1 1 7 .1 1 2 0 .8 1 2 2 .0 1 .0 6 .0 ..................................................................................................... 1 0 7 .8 1 0 9 .1 1 0 9 .5 1 1 4 .9 1 1 5 .8 1 1 7 .0 1 1 7 .5 1 2 1 .5 1 2 2 .6 .9 5 .9 .......................................................................................................... 5 .5 S t a t e a n d lo c a l g o v e r n m e n t w o r k e r s W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s B lu e - c o lla r w o r k e r s 1 0 5 .9 1 0 8 .2 1 0 8 .9 1 1 2 .7 1 1 3 .0 1 1 4 .9 1 1 5 .8 1 1 8 .0 1 1 9 .2 1 .0 .................................................................................................................................... 1 0 7 .9 1 0 9 .0 1 0 9 .4 1 1 4 .9 1 1 5 .9 1 1 6 .8 1 1 7 .4 1 2 1 .7 1 2 2 .6 .7 5 .8 S c h o o l s ................................................................................................................................ 1 0 7 .9 1 0 8 .9 1 0 9 .1 1 1 4 .8 1 1 5 .8 1 1 6 .6 1 1 6 .9 1 2 1 .9 1 2 2 .6 .6 5 .9 W o r k e r s , b y in d u s t r y d iv is io n S e r v ic e s E le m e n t a r y a n d s e c o n d a r y ........................................................................... 1 0 8 .3 1 0 9 .3 1 0 9 .5 1 1 5 .6 1 1 6 .6 ........................................................................... 1 0 7 .8 1 0 9 .5 1 1 0 .3 1 1 5 .3 1 1 6 .0 1 1 7 .5 1 1 8 .8 1 2 1 .1 1 2 2 .6 1 .2 5 .7 ................................................................................................. 1 0 6 .0 1 0 8 .1 1 0 9 .1 1 1 2 .8 1 1 3 .6 1 1 6 .2 1 1 7 .0 1 1 9 .8 1 2 1 .4 1 .3 6 .9 H o s p ita ls a n d o t h e r s e r v ic e s 3 P u b lic a d m in is t r a t io n 2 E x c l u d e s f a r m , h o u s e h o ld , a n d F e d e r a l w o r k e r s . 1 1 7 .2 1 1 7 .4 1 2 3 .3 1 2 3 .9 .5 6 .3 3 ln c lu d e s , f o r e x a m p le , li b r a r y , s o c ia l, a n d h e a lth s e r v ic e s . C o n s i s t s o f le g is la t iv e , ju d i c ia l , a d m in is t r a t iv e , a n d r e g u la t o r y a c tiv it ie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 91 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Wage and Compensation Data 34. Employment Cost Index, wages and salaries, by occupation and industry group [June 1981 = 100] P e rc e n t ch an g e 1981 S e r ie s 1982 1983 3 m o n th s 1 2 m o n th s ended ended D ec. M a rc h June S e p t. D ec. M a rc h June S e p t. D ec. 1 0 4 .4 1 0 6 .3 1 0 7 .3 1 0 9 .7 1 1 0 .9 1 1 2 .2 1 1 3 .4 1 1 5 .3 1 1 6 .5 1 .0 W h it e - c o l la r w o r k e r s .............................................................................................................. 1 0 4 .7 1 0 6 .7 1 0 7 .6 1 1 0 .4 1 1 1 .4 1 1 3 .0 1 1 4 .2 1 1 6 .7 1 1 7 .9 1 .0 5 .8 B lu e - c o lla r w o r k e r s .............................................................................................................. 1 0 4 .0 1 0 5 .5 1 0 6 .7 1 0 8 .6 1 0 9 .8 1 1 0 .8 1 1 2 .0 1 1 3 .1 1 1 4 .0 .8 3 .8 ....................................................................................................................... 1 0 3 .6 1 0 6 .8 1 0 7 .9 1 1 0 .1 1 1 1 .8 1 1 3 .2 1 1 3 .9 1 1 5 .1 1 1 7 .4 2 .0 5 .0 1 0 5 .9 1 0 7 .0 C iv ilia n w o r k e r s 1 ......................................................................................................................................................... D ecem ber 1983 5 .0 W o r k e r s , b y o c c u p a t io n a l g r o u p S e r v ic e w o r k e r s W o r k e r s , b y in d u s t r y d iv is io n M a n u fa c t u r in g ........................................................................................................................... N o n m a n u f a c t u r i n g .................................................................................................................. S e r v ic e s .................................................................................................................................... P u b lic a d m in is t r a t io n 2 ................................................................................................. P r i v a t e i n d u s t r y w o r k e r s ............................................................................................................................... 1 0 4 .0 1 0 8 .8 1 1 1 .0 1 1 2 .0 1 1 3 .3 1 1 4 .5 1 .1 4 .3 1 0 4 .5 1 0 6 .5 1 0 7 .5 1 1 0 .1 1 1 1 .3 1 1 2 .7 1 1 4 .0 1 1 6 .1 1 1 7 .4 1 .1 5 .5 1 0 6 .6 1 0 8 .6 1 0 9 .5 1 1 3 .2 1 1 4 .4 1 0 9 .8 1 1 5 .8 1 1 6 .3 1 2 0 .1 1 2 1 .3 1 .0 6 .0 1 0 5 .5 1 0 7 .5 1 0 8 .4 1 1 1 .9 1 1 2 .6 1 1 4 .6 1 1 5 .4 1 1 8 .2 1 1 9 .4 1 .0 6 .0 1 0 3 .8 1 0 5 .9 1 0 7 .1 1 0 9 .0 1 1 0 .3 1 1 1 .6 1 1 2 .9 1 1 4 .5 1 1 5 .8 1 .1 5 .0 1 0 3 .9 1 0 6 .2 1 0 7 .3 1 0 9 .4 1 1 0 .6 1 1 2 .2 1 1 3 .6 1 1 5 .9 1 1 7 .2 1 .1 6 .0 1 1 2 .9 1 1 4 .8 6 .6 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s ..................................................................................................... P r o fe s s io n a l a n d t e c h n ic a l w o r k e r s .............................................................. 1 0 5 .5 1 0 8 .0 1 1 9 .9 1 2 0 .4 .4 M a n a g e r s a n d a d m in is t r a t o r s ........................................................................... 1 0 2 .8 1 0 5 .8 1 0 7 .2 1 0 8 .5 1 0 9 .3 1 1 2 .0 1 1 4 .0 1 1 4 .8 1 1 5 .7 .8 S a l e s w o r k e r s ................................................................................................................... 1 0 1 .9 1 0 2 .2 1 0 1 .8 1 0 4 .5 1 0 6 .2 1 0 5 .7 1 0 7 .1 1 0 8 .4 1 1 1 .2 2 .6 4 .7 1 0 4 .2 1 0 7 .0 1 0 8 .3 1 1 0 .3 1 1 1 .6 1 1 3 .4 1 1 4 .6 1 1 6 .7 1 1 8 .3 1 .4 6 .0 1 0 3 .9 1 0 5 .4 1 0 6 .6 1 0 8 .5 1 0 9 .7 1 1 0 .7 1 1 1 .9 1 1 2 .9 1 1 3 .9 .9 3 .8 C le r ic a l w o r k e r s .............................................................................................................. B lu e - c o lla r w o r k e r s .......................................................................................................... 1 0 9 .4 1 1 1 .8 1 1 5 .9 C r a ft a n d k in d r e d w o r k e r s .................................................................................... 1 0 4 .3 1 0 6 .2 1 0 7 .6 1 0 9 .6 1 1 1 .2 1 1 2 .2 1 1 3 .4 1 1 4 .3 1 1 5 .4 O p e r a t iv e s , e x c e p t t r a n s p o r t ............................................................................... 1 0 4 .1 1 0 5 .4 1 0 6 .6 1 0 8 .3 1 0 9 .3 1 1 0 .0 1 1 1 .1 1 1 2 .3 1 1 3 .6 T r a n s p o r t e q u ip m e n t o p e r a t i v e s ...................................................................... 1 0 2 .7 1 0 3 .2 1 0 4 .1 1 0 6 .0 1 0 6 .9 1 0 8 .0 1 1 0 .3 1 1 0 .7 1 1 0 .2 N o n f a r m l a b o r e r s .......................................................................................................... 1 0 3 .3 1 0 4 .1 1 0 5 .1 1 0 6 .5 1 0 7 .8 1 0 9 .0 1 0 9 .8 1 1 0 .8 1 1 2 .1 1 .2 S e r v ic e w o r k e r s ................................................................................................................... 5 .9 1 .0 3 .8 1 .2 3 .9 - .5 3 .1 4 .0 1 0 2 .7 1 0 6 .7 1 0 7 .9 1 0 9 .3 1 1 1 .4 1 1 2 .9 1 1 3 .5 1 1 3 .7 1 1 6 .5 2 .5 4 .6 M a n u f a c t u r i n g ....................................................................................................................... 1 0 4 .0 1 0 5 .9 1 0 7 .0 1 0 8 .8 1 0 9 .8 1 1 1 .0 1 1 2 .0 1 1 3 .3 1 1 4 .5 1 .1 4 .3 D u r a b l e s ................................................................................................................................ 1 0 4 .5 1 .3 3 .7 W o r k e r s , b y in d u s t r y d iv is io n N o n d u r a b le s 1 0 6 .3 1 0 7 .4 1 0 9 .0 1 1 0 .3 1 1 1 .1 1 1 1 .8 1 1 2 .9 1 1 4 .4 .................................................................................................................. 1 0 3 .1 1 0 5 .3 1 0 6 .3 1 0 8 .5 1 0 9 .1 1 1 0 .9 1 1 2 .3 1 1 3 .9 1 1 4 .6 .6 N o n m a n u f a c t u r i n g .............................................................................................................. 1 0 3 .8 1 0 5 .9 1 0 7 .1 1 0 9 .1 1 1 0 .5 1 1 2 .0 1 1 3 .4 1 1 5 .2 1 1 6 .5 1 .1 5 .4 .................................................................................................................. 1 0 4 .3 1 0 5 .9 1 0 7 .3 1 0 9 .1 1 0 9 .7 1 1 0 .4 1 1 2 .1 1 1 2 .2 1 1 2 .9 .6 2 .9 T r a n s p o r t a tio n a n d p u b l ic u t i l i t i e s .................................................................. 1 0 3 .6 1 0 5 .7 1 0 6 .9 1 0 9 .5 1 1 1 .1 1 1 2 .9 1 1 6 .8 1 .0 5 .1 W h o le s a le a n d r e ta il t r a d e ................................................................................... C o n s t r u c t io n 5 .0 1 1 4 .7 1 1 5 .7 1 0 2 .3 1 0 3 .9 1 0 5 .8 1 0 6 .5 1 0 7 .2 1 0 8 .5 1 1 0 .8 1 1 1 .5 1 1 2 .3 .7 ..................................................................................................... 1 0 3 .4 1 0 6 .3 1 0 8 .9 1 0 9 .0 1 0 9 .8 1 1 1 .8 1 1 4 .1 1 1 5 .7 1 1 6 .5 .7 6 .1 R e ta il t r a d e .................................................................................................................. 1 0 1 .9 1 0 3 .0 1 0 4 .5 1 0 5 .5 1 0 6 .1 1 0 7 .2 1 0 9 .4 1 0 9 .9 1 1 0 .6 .6 4 .2 W h o le s a le tr a d e 4 .8 F in a n c e , in s u r a n c e , a n d re a l e s t a t e .............................................................. 102 3 1 0 3 .7 1 0 2 .4 1 0 6 .1 1 0 9 .0 1 1 0 .6 1 1 1 .1 1 1 3 .5 1 1 6 .9 3 .0 7 .2 S e r v i c e s ................................................................................................................................ 1 0 5 .8 1 0 8 .8 1 1 0 .0 1 1 2 .5 1 1 4 .3 1 1 6 .0 1 1 6 .6 1 2 0 .4 1 2 1 .9 1 .2 6 .6 1 1 9 .2 1 2 0 .0 .7 5 .3 1 0 7 .0 1 0 8 .2 1 0 8 .7 1 1 3 .5 1 1 4 .0 1 1 5 .1 1 1 5 .7 ..................................................................................................... 1 0 7 .5 1 0 8 .5 1 0 8 .9 1 1 4 .2 1 1 4 .6 1 1 5 .6 1 1 6 .1 1 1 9 .8 1 2 0 .6 .7 5 .2 B lu e - c o lla r w o r k e r s .......................................................................................................... 1 0 5 .5 1 0 7 .5 1 0 7 .9 1 1 1 .5 1 1 2 .0 1 1 3 .3 1 1 4 .3 1 1 6 .4 1 1 6 .9 .4 4 .4 S t a t e a n d lo c a l g o v e r n m e n t w o r k e rs W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s W o r k e r s , b y in d u s t r y d iv is io n S e r v ic e s .................................................................................................................................... S c h o o l s ................................................................................................................................ 1 0 7 .6 1 0 8 .4 .7 5 .2 1 0 7 .7 1 0 8 .3 1 0 8 .5 1 1 4 .2 1 1 4 .5 1 1 5 .2 1 1 5 .4 1 1 9 .9 1 2 0 .6 .6 5 .3 ........................................................................... 1 0 7 .9 1 0 8 .7 1 0 8 .8 1 1 4 .9 1 1 5 .1 1 1 5 .6 1 1 5 .8 1 2 1 .1 1 2 1 .7 .5 5 .7 ............................................................................... 1 0 7 .3 1 0 8 .8 1 0 9 .5 1 1 4 .3 1 1 4 .9 1 1 6 .5 1 1 7 .7 1 1 9 .7 1 2 0 .6 .8 5 .0 ................................................................................................. 1 0 5 .5 1 0 7 .5 1 0 8 .4 1 1 1 .9 1 1 2 .6 1 1 4 .6 1 1 5 .4 1 1 8 .2 1 1 9 .4 1 .0 6 .0 E le m e n t a r y a n d s e c o n d a r y H o s p ita ls a n d o t h e r s e r v ic e s 3 P u b lic a d m in is t r a t io n 2 1 E x c lu d e s f a r m , h o u s e h o ld , a n d F e d e r a l w o r k e r s . C o n s i s t s o f le g is la t iv e , ju d i c ia l , a d m in is t r a t iv e , a n d r e g u la t o r y a c tiv it ie s . 92 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 0 8 .8 1 1 4 .2 1 1 4 .6 1 1 5 .5 1 1 5 .9 1 1 9 .8 i n c l u d e s , f o r e x a m p le , lib r a r y , s o c ia l a n d h e a lth s e r v ic e s . 1 2 0 .6 35. Employment Cost Index, private industry workers, by bargaining status, region, and area size [June 1981 = 100] P e rc e n t ch an g e S e r ie s 1981 D ec. 1982 M a rc h June 1983 S e p t. D ec. M a rc h June S e p t. D ec. 3 m o n th s 1 2 m o n th s ended ended Decem ber 1983 C O M P E N S A T IO N W o r k e r s , b y b a r g a in in g s t a t u s 1 U n io n ..................................................................................................................................................... M a n u fa c t u r in g ........................................................................................................................... N o n m a n u f a c t u r i n g .................................................................................................................. N o n u n io n ............................................................................................................................................. M a n u fa c t u r in g 1 0 4 .8 1 0 6 .5 1 0 8 .4 1 1 0 .6 1 1 2 .3 1 1 4 .5 1 1 6 .0 1 1 7 .8 1 1 8 .8 0 .8 5 .8 1 0 4 .6 1 0 6 .3 1 0 8 .0 1 1 0 .3 1 1 1 .8 1 1 4 .0 1 1 4 .8 1 1 6 .3 1 1 7 .2 .8 4 .8 1 0 5 .0 1 0 6 .8 1 0 8 .7 1 1 1 .0 1 1 2 .8 1 1 4 .9 1 1 7 .1 119 2 1 2 0 .4 1 .0 6 .7 1 0 3 .5 1 0 5 .3 1 0 6 .5 1 0 8 .5 1 0 9 .7 1 1 1 .5 1 1 2 .8 1 1 4 .4 1 1 5 .9 1 .3 5 .7 ........................................................................................................................... 1 0 3 .5 1 0 5 .7 1 0 6 .6 1 0 8 .4 1 0 9 .2 1 1 1 .2 1 1 2 .3 1 1 3 .8 1 1 4 .9 1 .0 5 .2 N o n m a n u f a c t u r i n g .................................................................................................................. 1 0 3 .5 1 0 5 .2 1 0 6 .4 1 0 8 .6 1 0 9 .9 1 1 1 .6 1 1 3 .0 1 1 4 .7 1 1 6 .4 1 .5 5 .9 6 .3 W o r k e r s , b y r e g io n 1 S o u th ...................................................................................................................................................... N o r th C e n tr a l .................................................................................................................................... 111 7 112 6 114 3 116 110 6 112 5 113 5 115 6 117 1 108 6 110 9 112 5 113 9 114 7 1 1 2 .9 1 1 5 .4 1 1 6 .6 1 1 8 .0 1 2 0 .0 1 .7 n W o r k e r s , b y a r e a s iz e 1 M e tr o p o lita n a r e a s O th e r a re a s ....................................................................................................................... 1 0 4 .1 105 7 1 0 7 .2 1 0 9 .4 110 9 1 1 2 .9 1 1 4 .2 1 1 6 .0 1 1 7 .4 1 .2 5 .9 ......................................................................................................................................... 103 2 1 0 6 .2 107 0 1 0 8 .6 109 1 1 1 0 .8 1 1 2 .3 1 1 3 .4 1 1 4 .5 1 .0 4 .9 W A G E S A N D S A L A R IE S W o r k e r s , b y b a r g a in in g s t a t u s 1 U n io n ...................................................................................................................................................... 1 0 5 .0 1 0 6 .5 1 0 8 .1 1 1 6 .9 0 .8 4 .6 ........................................................................................................................... 1 0 4 .7 1 0 5 .9 1 0 7 .3 1 0 9 .5 1 1 0 .8 1 1 1 .4 1 1 2 .3 1 1 3 .7 1 1 4 .8 1 .0 3 .6 N o n m a n u f a c t u r i n g .................................................................................................................. 1 0 5 .2 1 0 7 .0 1 0 8 .8 1 1 1 .1 1 1 2 .7 1 1 4 .3 1 1 6 .0 1 1 8 .3 1 1 8 .9 .5 5 .5 1 0 3 .2 1 0 5 .6 1 0 6 .5 1 0 8 .3 1 0 9 .5 1 1 0 .9 1 1 2 .2 1 1 3 .7 1 1 5 .2 1 .3 5 .2 ........................................................................................................................... 1 0 3 .3 1 0 5 .9 1 0 6 .7 1 0 8 .2 1 0 9 .1 1 1 0 .7 1 1 1 .8 1 1 3 .0 1 1 4 .2 1 .1 4 .7 N o n m a n u f a c t u r i n g .................................................................................................................. 1 0 3 .2 1 0 5 .5 1 0 6 .4 1 0 8 .3 1 0 9 .6 1 1 1 .0 1 1 2 .4 1 1 4 .0 1 1 5 .6 1 .4 5 .5 1 1 1 .5 1 1 2 .0 M a n u fa c t u r in g N o n u n io n ............................................................................................................................................. M a n u fa c t u r in g 1 1 0 .3 1 1 1 .8 1 1 2 .9 1 1 4 .2 1 1 6 .0 W o r k e r s , b y r e g io n 1 N o r th e a s t ............................................................................................................................................. 1 0 4 .4 1 0 6 .1 1 0 6 .7 1 1 6 .6 1 .1 4 .6 1 0 2 .8 1 0 5 .7 1 0 7 .4 1 0 8 .8 1 0 9 .8 1 1 1 .4 1 1 2 .5 1 1 4 .3 1 1 5 .7 1 .2 5 .4 .................................................................................................................................... 1 0 3 .3 1 0 4 .7 1 0 6 .1 1 0 7 .6 1 0 8 .6 1 1 0 .1 1 1 1 .5 1 1 2 .8 1 1 3 .6 .7 W e s t .......................................................................................................................................................... 1 0 5 .1 1 0 7 .9 1 0 8 .6 1 1 0 .7 1 1 2 .0 1 1 4 .1 1 1 4 .9 1 1 6 .5 1 1 8 .5 1 .7 S o u th ...................................................................................................................................................... N o r th C e n tr a l 1 0 9 .7 1 1 3 .6 1 1 5 .3 'Ó 5 .8 W o r k e r s b y a r e a s iz e 1 M e tr o p o lita n a r e a s O th e r a re a s ....................................................................................................................... 1 0 4 .0 1 0 5 .9 1 0 7 .1 1 0 9 .1 1 1 0 .5 1 1 1 .9 1 1 3 .2 1 1 4 .9 1 1 6 .2 1 .1 5 .2 ......................................................................................................................................... 1 0 3 .1 1 0 6 .0 1 0 6 .8 1 0 8 .3 1 0 8 .8 1 1 0 .1 1 1 1 .4 1 1 2 .3 1 1 3 .4 1 .0 4 .2 1 T h e in d e x e s a r e c a lc u la te d d if fe r e n t ly f r o m t h o s e f o r t h e o c c u p a t io n a n d in d u s t r y g r o u p s . F o r a d e t a ile d d e s c r ip tio n o f t h e in d e x c a lc u la tio n , s e e B L S H a n d b o o k o f M e th o d s , B u lle t in 1 9 1 0 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 93 MONTHLY LABOR REVIEW April 1984 • Current Labor Statistics: Wage and Compensation Data 36. Wage and compensation change, major collective bargaining settlements, 1979 to date [In percent] Q u a rte r ly a v e r a g e 1981 M e a s u re 1979 1980 ............................... 9 .0 1 0 .4 A n n u a l r a te o v e r life o f c o n t r a c t . . . 6 .6 7 .1 1981 1982 1983 1 0 .2 3 .2 3 .4 8 .3 2 .8 3 .0 1982 IV 1983 1 II III IV 1 1 .0 1 .9 2 .6 6 .2 3 .3 - 1 .6 4 .4 5 .0 4 .9 5 .8 1 .2 2 .1 4 .7 4 .8 1 .4 3 .6 4 .3 3 .1 1 II III IV T o t a l c o m p e n s a tio n c h a n g e s , c o v e r in g 5 , 0 0 0 w o r k e r s o r m o r e , a ll in d u s t r ie s : F ir s t y e a r o f c o n t r a c t W a g e r a te c h a n g e s c o v e r in g a t le a s t 1 , 0 0 0 w o r k e r s , a ll in d u s t r ie s : ............................... 7 .4 9 .5 9 .8 3 .8 2 .6 9 .0 3 .0 3 .4 5 .4 3 .8 - 1 .2 2 .7 3 .7 4 .2 A n n u a l r a te o v e r life o f c o n t r a c t . . . 6 .0 7 .1 7 .9 3 .6 2 .8 5 .7 2 .8 3 .2 4 .5 4 .8 2 .2 2 .8 3 .6 2 .8 -3 .4 F ir s t y e a r o f c o n t r a c t M a n u fa c t u r in g : ............................... 6 .9 7 .4 7 .2 2 .8 0 .4 6 .6 2 .5 1 .8 5 .1 4 .1 A n n u a l r a te o v e r life o f c o n t r a c t . , . 5 .4 5 .4 6 .1 2 .6 2 .1 5 .4 2 .7 1 .7 3 .9 4 .5 ............................... 7 .6 9 .5 9 .8 4 .3 5 .0 9 .6 2 .7 6 .6 5 .5 3 .6 3 .3 5 .9 5 .8 4 .8 A n n u a l r a te o v e r life o f c o n t r a c t . . . 6 .2 6 .6 7 .3 4 .1 3 .7 5 .6 2 .1 6 .1 4 .8 5 .2 5 .3 5 .2 4 .3 2 .7 F ir s t y e a r o f c o n t r a c t .9 1 .3 3 .4 2 .9 1 .7 3 .5 3 .1 N o n m a n u f a c t u r in g ( e x c lu d in g c o n s tr u c tio n ) : F ir s t y e a r o f c o n t r a c t C o n s t r u c t io n : ............................... 8 .8 1 3 .6 1 3 .5 6 .5 1 .5 1 1 .4 8 .6 6 .2 6 .3 3 .4 .7 1 .7 1 .5 1 .1 A n n u a l r a te o v e r life o f c o n t r a c t . . . 8 .3 1 1 .5 1 1 .3 6 .3 2 .4 1 1 .7 8 .2 6 .3 5 .9 2 .9 2 .4 2 .1 2 .9 2 .6 F ir s t y e a r o f c o n t r a c t 37. Effective wage adjustments in collective bargaining units covering 1,000 workers or more, 1979 to date Year Y e a r a n d q u a rte r 1981 M e a s u re 1979 1980 1981 1982 1982 1983 1983 IV I II III IV I II III IV A v e r a g e p e r c e n t a d ju s t m e n t ( In c lu d in g n o c h a n g e ) : A ll i n d u s t r i e s .......................................................................................................... M a n u fa c t u r in g ............................................................................................ N o n m a n u fa c t u r in g .................................................................................... F r o m s e t t le m e n t s r e a c h e d in p e r io d ................................................ 9 .1 9 .9 9 .6 1 0 .2 9 .4 5 .2 2 .7 1 .9 .9 1 .0 1 .7 1 .5 8 .8 9 .7 9 .5 7 .9 4 .8 1 .1 1 .1 2 .7 2 .9 1 .2 9 .5 6 .8 4 .0 1 .5 1 .0 2 .0 2 .4 1 .3 0 .3 - .5 .9 1 .3 1 .2 1 .1 1 .2 .9 1 .5 1 .2 1 .2 1 .1 3 .0 3 .6 2 .5 1 .7 .8 .4 2 .4 .5 D e f e r r e d f r o m s e tt le m e n t s r e a c h e d in e a r lie r p e r io d . . . . 3 .0 3 .5 3 .8 3 .6 2 .5 .4 .6 1 .4 1 .3 .4 .4 1 .0 .8 .3 F r o m c o s t - o f - li v in g c l a u s e s ...................................................................... 3 .1 2 .8 3 .2 1 .4 .6 .6 .3 .2 .6 .3 .1 .1 .2 .2 — — 8 ,6 4 8 7 ,8 5 2 6 ,5 3 0 3 ,2 2 5 2 ,8 7 8 3 ,4 2 3 3 ,7 6 0 3 ,4 4 1 2 ,8 7 5 3 ,0 6 1 3 ,0 2 5 2 ,8 8 7 996 .6 -.2 .3 .2 .6 T o t a l n u m b e r o f w o r k e r s r e c e iv in g w a g e c h a n g e ( in t h o u s a n d s ) 1 ............................................................................................ F r o m s e t t le m e n t s re a c h e d — — 2 ,2 7 0 1 ,9 0 7 2 ,3 2 7 604 204 511 620 825 448 561 599 r e a c h e d In e a r lie r p e r i o d ...................................................................... — — 6 ,2 6 7 4 ,8 4 6 3 ,2 6 0 882 1 ,0 0 1 1 ,5 9 4 2 ,4 0 0 860 812 1 ,4 0 5 1 ,3 1 7 669 F r o m c o s t - o f - li v in g c l a u s e s ...................................................................... — — 4 ,5 9 3 3 ,8 3 0 2 ,3 2 7 2 ,1 7 9 1 ,9 2 0 1 ,5 6 8 2 ,2 5 1 1 ,9 7 0 1 ,9 3 8 1 ,2 9 9 1 ,2 1 8 1 ,2 9 0 — — 145 483 1 ,1 8 7 5 ,5 6 8 5 ,4 5 7 4 ,9 1 2 4 ,5 7 5 4 ,8 9 5 4 ,8 4 2 4 ,6 5 6 4 ,6 9 3 4 ,8 3 0 in p e r io d .......................................................................................................... D e f e r r e d f r o m s e t t le m e n t s N u m b e r o f w o r k e r s r e c e iv in g n o a d ju s t m e n ts ( in t h o u s a n d s ) ............................................................................................ 1 T h e t o ta l n u m b e r o f w o r k e r s w h o r e c e iv e d a d ju s t m e n ts d o e s n o t e q u a l t h e s u m o f w o r k e r s t h a t re c e iv e d e a c h t y p e o f a d ju s t m e n t, b e c a u s e s o m e w o r k e r s r e c e iv e d m o r e t h a n o n e t y p e o f a d ju s t m e n t d u r in g th e p e r io d . 94 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis WORK STOPPAGE DATA stoppages include all known strikes or lockouts involving 1,000 workers or more and lasting a full shift or longer. Data are based largely on newspaper accounts and cover all workers idle one shift or more in establishments directly involved in a stoppage. They do not measure the indirect or secondary effect on other establishments whose employees are idle owing to material or service shortages. • W ork 38. Estimates of days idle as a percent of estimated working time measure only the impact of larger strikes (1,000 workers or more). Formerly, these estimates measured the impact of strikes involving 6 workers or more; that is, the impact of virtually all strikes. Due to budget stringencies, collection of data on strikes involving fewer than 1,000 workers was discontinued with the December 1981 data. Work stoppages involving 1,000 workers or more, 1947 to date N u m b e r o f s to p p a g e s M o n th a n d y e a r 1 9 4 7 .................................................................................................................................................. W o r k e r s in v o lv e d B e g i n n i n g in B e g i n n i n g in In e f fe c t m o n th o r y e a r d u r in g m o n th D a y s id le In e f fe c t m o n th o r y e a r d u r in g m o n th (in th o u s a n d s ) (in th o u s a n d s ) N um ber (in t h o u s a n d s ) P erce n t of e s t im a t e d w o r k in g t im e 270 1 629 1 9 4 8 ............................................................................................................................................. 245 1 435 2 6 ,1 2 7 .22 1 9 4 9 .................................................................................................................................................. 262 2 537 4 3 ,4 2 0 .3 8 1 9 5 0 .................................................................................................................................................. 424 1 698 3 0 ,3 9 0 .2 6 1 9 5 1 .................................................................................................................................................. 415 1 462 1 5 ,0 7 0 1 9 5 2 .................................................................................................................................................. 470 2 746 4 8 ,8 2 0 38 1 9 5 3 .................................................................................................................................................. 437 1 623 1 8 ,1 3 0 .1 4 2 5 ,7 2 0 12 1 9 5 4 .................................................................................................................................................. 265 1 075 1 6 ,6 3 0 .1 3 1 9 5 5 .................................................................................................................................................. 363 2 055 2 1 ,1 8 0 .1 6 1 9 5 6 .................................................................................................................................................. 287 1 370 2 6 ,8 4 0 .20 1 9 5 7 .................................................................................................................................................. 279 887 1 0 ,3 4 0 .0 7 1 9 5 8 ............................................................................................................................................. 332 1 587 1 7 ,9 0 0 .1 3 1 9 5 9 .................................................................................................................................................. 245 1 381 6 0 ,8 5 0 .4 3 1 9 6 0 .................................................................................................................................................. 222 896 1 3 ,2 6 0 .0 9 1 9 6 1 .................................................................................................................................................. 195 1 031 1 0 .1 4 0 .0 7 1 9 6 2 .................................................................................................................................................. 211 793 1 1 ,7 6 0 .0 8 1 9 6 3 .................................................................................................................................................. 1 81 512 10,020 .0 7 1 9 6 4 .................................................................................................................................................. 246 1 183 1 6 ,2 2 0 .11 1 9 6 5 .................................................................................................................................................. 268 999 1 5 .1 4 0 .10 1 9 6 6 ................................................................................................................................................. 321 1 300 1 6 ,0 0 0 .10 381 1 9 6 7 ................................................................................................................................................. 2 192 3 1 ,3 2 0 .1 8 1 9 6 8 ............................................................................................................................................. 392 1 855 3 5 ,5 6 7 .20 1 9 6 9 ................................................................................................................................................. 412 1 576 2 9 ,3 9 7 .1 6 1 9 7 0 .................................................................................................................................................. 381 2 468 5 2 ,7 6 1 .2 9 298 1 9 7 1 .................................................................................................................................................. 2 516 3 5 ,5 3 8 .1 9 1 9 7 2 .................................................................................................................................................. 250 975 1 6 ,7 6 4 .0 9 1 9 7 3 .................................................................................................................................................. 317 1 400 1 6 ,2 6 0 .0 8 1 9 7 4 .................................................................................................................................................. 424 1 796 3 1 ,8 0 9 .1 6 1 9 7 5 .................................................................................................................................................. 235 965 1 7 ,5 6 3 .0 9 1 9 7 6 .................................................................................................................................................. 231 1 519 2 3 ,9 6 2 1 9 7 7 .................................................................................................................................................. 298 1 212 2 1 ,2 5 8 .12 .10 1 9 7 8 .................................................................................................................................................. 219 1 006 2 3 ,7 7 4 .11 1 9 7 9 .................................................................................................................................................. 235 1 021 2 0 ,4 0 9 .0 9 1 9 8 0 .................................................................................................................................................. 187 795 2 0 ,8 4 4 09 1 9 8 1 .................................................................................................................................................. 145 729 1 6 ,9 0 8 .0 7 1 9 8 2 .................................................................................................................................................. 96 656 9 ,0 6 1 .0 4 1 9 8 3 .................................................................................................................................................. 81 909 1 7 ,4 6 1 .0 8 3 8 .0 7 9 4 .8 .0 4 5 0 .4 8 4 4 .4 .0 5 .02 .02 1983 1984P J a n u a ry .......................................................................................................... 1 3 F e b ru a ry .......................................................................................................... 5 7 J a n u a ry .......................................................................................................... 4 F e b ru a ry .......................................................................................................... 2 10 12 1.6 1 4 .0 1 8 .3 3 2 .4 4 7 0 .1 7 .8 3 6 .3 3 4 7 .5 p = p r e lim in a r y . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 95 Published by BLS in February SALES PUBLICATIONS BLS Bulletins Bargaining Calendar, 1984. Bulletin 2194, 43 p p ., $2 (GPO Stock N o. 029-001-02803-2). Presents inform ation on anticipated labor-managem ent developm ents in private industry in 1984. T h e in fo r m a t io n — id e n tifie d by em p lo y er and u n io n nam e— relates to major bargaining situations (covering 1,000 workers) in which contracts expire or are subject to reopening, deferred wage changes com e due, or wages are subject to change under cost-of-living adjustm ent clauses. H andbook o f Labor Statistics. Bulletin 2175, 447 p p ., $9.50 (GPO Stock N o. 029-001-02756-7). Com pilation o f the major statistical series produced by the Bureau. A lso includes som e related series from foreign countries. C ontains 147 historical tables, which begin with the earliest reliable data and end with 1982. Periodicals Current W age Developm ents. February issue includes em ployee wage and benefit changes and work stoppages in January; major agreements expiring in March; an index to 1983 wage and benefit changes; and statistics on com pensation changes. 61 p p ., $4.50 ($23 per year). Em ploym ent and Earnings. January issue covers em ploym ent and unem ploym ent developm ents in Decem ber 1983, annual averages for 1983, an article on revision o f seasonally adjusted labor force series, and occupational em ploym ent statistics for 1972-82. 242 pp. February issue covers em ploym ent and unem ploym ent developm ents in January and revised seasonally adjusted labor force series. 195 pp. Both issues have regular statistical tables on national, State, and area em ploym ent, unem ploym ent, hours, and earnings. $6 ($39 per year). Mailgram Service O ccupational Em ploym ent in M ining, C onstruction, Finance, and Services. Bulletin 2186, 94 p p ., $3.75 (GPO Stock N o. 029-001-02801-6). Based on a periodic survey which is part o f a Federal-State cooperative program o f occupational em ploym ent statistics (OES), this bulletin provides 1981 data for 21 industries by detailed occupation. Consum er price index data summary by mailgram within 24 hours o f the CPI release. Provides unadjusted and seasonally adjusted U .S . City Average data for All Urban Consum ers (CPI-U) and for Urban W age Earners and Clerical Workers (CPI-W). (NTISUB/158). $125 in contiguous United States. Students, G raduates, and D ropouts, O ctober 1980-82. Bulletin 2192, 37 p p ., $2 (GPO Stock N o. 029-001-02798-2). Discusses 1981-82 changes in the labor force activity o f students, graduates, and dropouts. The article was initially published in the August 1983 M o n t h l y L a b o r R e v i e w and is reprinted with additional tabular material and an explanatory note. FREE PUBLICATIONS W orkers W ithout Jobs: A Chartbook on U nem ploym ent. Bulletin 2174, 63 p p ., $4.50 (GPO Stock N o . 029-001-02759-1). Presents inform ation on the extent and nature o f unem ploym ent in the United States. Area Wage Survey Bulletins These bulletins cover office, professional, technical, m aintenance, custodial, and material m ovem ent occupations in major m etropolitan areas. The annual series o f 70 is available by subscription for $115 per year. Individual area bulletins are also available separately. The follow ing were published in February: Jack son ville, F lorida, B u lle tin 3 0 2 0 -6 4 , M etropolitan A rea, D ecem ber 1983. 29 p p ., $ 3 .5 0 (GPO S to c k N o . Area Wage Survey Summaries C harlotte— G astonia, N .C ., December 1983. 6 pp. C olorado Springs, C o lo ., December 1983. 3 pp. Harrisburg— Lebanon, P a ., December 1983. 7 pp. Pine B luff, A rk., January 1984. 3 pp. R eno, N ev., Novem ber 1983. 3 pp. Southwest Virginia, December 1983. 3 pp. Virgin Islands o f the U .S ., December 1983. 3 pp. BLS Reports Em ploym ent in Perspective: M inority W orkers, Fourth Quarter 1983. Report 703. 4 pp. Focuses on 1983 labor market developm ents am ong blacks and persons o f Hispanic ethnicity. E m p lo y m e n t in P e r sp e c tiv e : W o rk in g W o m en , F ou rth Q uarter/A nnual Summary 1983. Report 702. 3 pp. Focuses on the changing em ploym ent situation for wom en and fam ilies in 1983. 029-001-90259-0). Philadelphia, Pennsylvania-New Jersey, M etropolitan Area, Novem ber 1983. Bulletin 3020-62, $3.75 (GPO Stock N o. 029-001-90257-3). Industry Wage Survey Bulletins These studies include results from the latest BLS survey o f wages and supplem ental benefits, with detailed occupational data for the N ation, regions, and selected areas (where available). Data are useful for wage and salary adm inistration, union contract negotiation, arbitration, and G overnm ent policy considerations. The follow ing were published in February: Bitum inous Coal, July 1982. Bulletin 2185, 82 p p ., $2.50 (GPO Stock N o . 029-001-02799-1). C om m unications, October-Decem ber 1981. Bulletin 2188, 15 p p ., $1.50 (GPO Stock N o . 092-001-02797-4). W om en’s and M isses’ Dresses, August 1982. Bulletin 2187, 38 pp., $2 (GPO Stock N o . 029-001-02796-6). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis To order: Order from BLS regional offices (see inside front cover), or the Superintendent o f D ocum ents, U .S . G overn ment Printing O ffice, W ashington, D .C . 20402. Order by title and GPO stock number. Subscriptions available o n l y from the Superintendent o f D ocum ents. Orders can be charged to a deposit account number or checks can be made payable to the Superintend ent o f D ocum ents. Visa and MasterCard are also accepted. Include card number and expiration date. S a le s p u b lic a tio n s — M a i l g r a m s e r v i c e — Available from the National Technical Infor m ation Service, U .S . Department o f Com m erce, 5285 Port Royal R oad, Springfield, Virginia 22151. Available from the Bureau o f Labor Statistics, U .S . Department o f Labor, W ashington, D .C . 20212 or from any BLS regional office. Request regional office publications from the issuing office. Free publications are available while supplies last. F re e p u b lic a tio n s — Where To Find CPI Information Monthly Periodical: Most comprehensive report available. Order CPI Detailed Report from Superintendent of Documents, U.S. Government Printing Office, Washing ton, D.C. 20402. Includes text, statistical tables, charts, and technical notes. Electronic News Release: Quickest. Accessible electronically immediately at release time through BLS news release service. Write the Office of Publications, Bureau of Labor Statistics, Washington, D.C. 20212, or call (202) 523-1913. Mailgram: Overnight. Through the National Technical Information Service, U.S. Department of Commerce, 5285 Port Royal Road, Springfield, Va. 22151. Provides U.S. City Average data for All Urban Consumers (CPI-U) and for Urban Wage Earners and Clerical Workers (CPI-W). Telephone: Quick summary on 24-hour recorded message. Key CPI numbers, plus other BLS indicators and upcoming release dates. Call (202) 523-9658. Computer Tapes: For users who need CPI data in machine-readable form. From the Bureau of Labor Statistics, Division of Financial Planning and Management, Washington, D.C. 20212. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review: CPI included in monthly 40-page summary of BLS data and in analytical articles. Available from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. U.S. Department of Labor Bureau of Labor Statistics Washington D.C. 20212 Postage and Fees Paid U.S. Department of Labor Lab-441 Official Business SECOND CLASS MAIL Penalty for private use, $300 RETURN POSTAGE GUARANTEED https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MLR LIoR A 44ZL I SSDUf cQXZ R LIBRARY FÉD RESERVE BANK OF ST LOUIS PO BOX 4 4 2 S A IN T LO UIS MO 6 3 1 6 6 j