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M O N TH S LABOR REVIEW U.S. D e p a rtm e n t of L ab o r B u re a u o f L a b o r S ta tis tic s Ju ly 1984 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis In th is is s u e : The m ilitary in the labor force U.S. DEPARTMENT OF LABOR Raymond J. Donovan, Secretary Regional Commissioners for Bureau of Labor Statistics BUREAU OF LABOR STATISTICS Region I— Boston: A n tho n y J. Ferrara 1603 J o h n F. K e n n e d y F e d e ra l B u ild in g , G o v e rn m e n t C e n te r, Boston, M ass. 02203 Phone: (617) 2 23 -6 76 1 C onnecticut M aine M assachusetts N ew H am pshire R hode Island V erm ont Janet L. Nowood, Commissioner T he M onthly Labor R eview is published by the B ureau o f Labor S tatistics of the U.S. D epartm ent o f Labor. C o m m unications on editorial m atters should be addressed to th e E ditor-in-C hief, M onth ly Labor R eview, Bureau of Labor Statistics, W ashington, D.C. 20212. P hone: (202) 5 2 3 -1 3 2 7 . 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H irab a ya sh i 450 G olden G ate A venue, B ox 36017, San Francisco, Calif. 94102 Phone: (415) 5 5 6 -4 6 7 8 IX A m erican Sam oa A rizona C alifornia G uam Hawaii N evada Trust Territory o f the P acific Islands X Alaska Idaho O regon W ashington M O N TH LY LA BO R R EVIEW JU LY 1984 VO LU M E 107, NUM BER 7 Henry Low enstern, E ditor-in-C hief Robert W. Fisher, E xecutive Editor C a ro l B o yd Leon 3 W orking for Uncle Sam : a look at m em bers of the A rm ed Forces The ‘career force' is grow ing rapidly, as alm ost half of new m em bers reenlist; in 1982, the total labor force in clu d e d 1.7 m illion men and w om en in the m ilitary Hal S id e r a n d C h e ryl C ole 10 The changing m akeup of the m ilitary and the effect on labor data With the end of the draft and the b e g in n in g of an all-volunteer m ilitary force in 1973, the racial com position of the services has c h a n g ed , co m p lic a tin g interpretation of data E u g e n e H. B e c k e r 14 Self-em ployed w orkers: an update to 1983 The num ber of A m ericans w orking for them selves continues to rise, re aching 9.1 m illion during 1983; they tend to be o ld e r than other w orkers, w ork lo nger hours and earn less M ic h a e l P o d g u rs k y 19 Sources of secular increase in the u n em p loym ent rate, 1 9 6 9 -8 2 Progressively higher rates of joblessness su g g e st a strong structural co m p o n e n t in today's unem ploym ent; tw o labor force c h a n g es are linked to the phenom enon A .L. G u stm a n , T.L. S te in m e ie r 26 M odeling the retirem ent process for evaluation and research A sizable m inority of men w ho retire continue to w ork part tim e, a lthough briefly; a sm all num ber actually increase hours of w ork after retirem ent or sem i-retirem ent REPO RTS A n n e M c D o u g a ll Y o un g 34 F ew er s tu d e n ts in w o rk fo rc e as s c h o o l-a g e p o p u la tio n d e c lin e s P eter C a p p e lli 37 A u to in d u stry e x p e rim e n ts w ith th e G u a ra n te e d In c o m e S tre am F re d e ric L. P ryor 40 In ce n tive s in m a n u fa c tu rin g : th e c a rro t a nd the s tic k https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis DEPARTMENTS 2 34 44 45 48 53 L a b o r m on th in re vie w R e se arch su m m a rie s M ajor a g re e m e n ts e x p irin g n ext m onth D e v e lo p m e n ts in in d u stria l re la tio n s B o ok review s C u rre n t la b o r s ta tis tic s Labor M onth In Review WORKING WOMEN. At the National Conference on Women, the Economy, and Public Policy in Washington, D.C., June 20, Commissioner of Labor Statistics Janet L. Norwood discussed some of the economic issues facing to day’s working women, including the female-male earnings gap. Some ex cerpts from Norwood’s address: Earnings gap. The Bureau of Labor Statistics publishes two types of data which can be useful in analyzing the ear nings gap. The first set groups together the earnings of all women and compares them to the earnings of all men. These data come from the Current Population Survey (CPS), a sample of 60,000 households throughout the country, w hich p ro v id e s c o n sid e ra b le demographic detail. The second set of data comes from the BLS occupational wage survey programs. These data are collected from samples of business establishments, which provide detailed in formation for selected occupations. Both sets of data are important for analysis. What do the latest data show? Accor ding to the CPS, median earnings for women who worked year round, full time were $13,014 in 1982, or 62 percent of the median for men. A newer CPS series on the median weekly earnings of full-time wage and salary workers shows a similar earnings ratio. Can we tell exactly what accounts for these pay differences? The answer is no. Aggregate data at the national level real ly cannot pinpoint precise reasons for female-male pay differences in specific firms or in specific cities or States. We do know, however, that there are dif ferences in the work history and educa tion and skills that men and women bring to the marketplace, as well as differences in their occupational distribution. When 2 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis we “ adjust” for some of the differences, the female-male earnings gap is reduced considerably—in some studies by close to one-half. The BLS establishment wage survey data suggest a narrower female-male gap than the aggregate earnings data do. Data from our survey of professional, administrative, technical, and clerical occupations indicated that the average pay for men in narrowly defined whitecollar occupational skill levels generally exceeded the earnings of their female counterparts, but the difference was much smaller than that found in studies using less detailed data. Moreover, in many of these white-collar occupations, women’s earnings were closer to men’s w hen view ed w ithin in d iv id u a l establishments. Researchers who have carried out wage gap studies often point to discrimination as a further explanation of earnings differences. Averages from sample surveys do not give us enough of the information needed to isolate and quantify the amount of the earnings gap due to discrimination. Occupational differences. Of 503 separate, detailed job categories, 5 of the top 10 occupations employing women are in sales and clerical work: secretaries, bookkeepers, cashiers, salesworkers (except apparel), and typists. An additional two are in the female-intensive and relatively lowpaying professional jobs of registered nurses and elementary school teachers. Two more are the service occupations of waitresses and nurses’ aides. A number of employed women are clearly moving into higher paying jobs. But we must recognize that, in most cases, the actual number engaged in these occupations remains relatively small. Industry attachment. Where do women work? Mostly, in industries at the bottom of the pay scale. The BLS monthly business payroll survey shows that about two-thirds of all women on nonfarm payrolls work in the service and retail trade industries, and in State and local governments. Only about 1 in 6 works in a goods-producing industry. Hours of work; job tenure. Women tend to work fewer hours and have less seniority than men. Generally women are 2-1/2 to 3 times more likely than men to work part time, if we define part time as less than 35 hours per week. And, even as full-time workers, relatively more women tend to be at the low end of the full-time scale. The amount of time spent with an employer—seniority—is less for women than men, at least partly because many more women are newer labor force en trants than men. But this situation is changing. There is little or no difference in the number of years young women and men—under age 30—have spent with their current employer. There is a 1-to 2-year difference at ages 30 to 39, and then it jumps to 5 to 7 years’ dif ference for 40- to 64-year olds. Workers in families. We are expan ding our data on workers in families, us ing the monthly household survey. Despite changes in living patterns, most Americans continue to live in families, and many families will continue to have more than one worker. We are now developing a quarterly report—to be issued early next year—on the employ ment and earnings situation in different types of families. Single copies of the commissioner’s ad dress are available from the Bureau of Labor Statistics, Division of Information Services, Washington, D.C. 20212.□ Working for Uncle Sam— a look at members of the Armed Forces The ‘career force’ is growing rapidly, as almost half o f recruits reenlist; in 1982, the total labor force included 1 .7 million men and women assigned to military duty in the United States Carol Boyd L eon Individuals seeking work may consider the military to be an attractive alternative to a civilian job— especially for those lacking employment experience, facing a tight labor market, looking for a lifetime career, or having strong pa triotic feelings. More than 2 million men and women are in the Armed Forces. This article compares the demographic and occupational characteristics of the 1.7 million stationed in the United States with those of civilian workers.1 It is especially appropriate to examine data on military personnel, because at the beginning of 1983. the Bureau of Labor Statistics" began publishing an unemployment rate which includes the resident Armed Forces in the labor force count. Other statistical series including the resident Armed Forces, such as labor force participation rates, the number of employed, and employment-population ratios, also be came available at that time. Calculations have been niade for each of these series back to 1950.2 These statistical series were made available in accordance with the recommendations of the National Commission on Employment and Unemployment Statistics, which was es tablished in 1978 to study the Nation’s labor force data system with regard to its accuracy and relevance to current conditions. The Commission determined that, with the change to a volunteer system in 1973, military employment was Carol Boyd Leon is an economist in the Division of Employment and Unemployment Analysis, Office of Employment and Unemployment Sta tistics, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis not “ substantively different” from civilian employment and thus concluded that military personnel should be counted in national employment and labor force totals.2 Because the civilian labor force includes only persons residing in the United States, the Armed Forces count is similarly re stricted. Who are counted? Monthly data on the Armed Forces are obtained by the Bureau of the Census from the Department of Defense. The Armed Forces count includes persons on active duty in either the regular military or the reserve forces for an extended period. More specifically, six groups are included in the 1982 count of 2.2 million: (1) total military personnel on active duty; (2) Marine reserve forces on active duty train ing for 6 months or longer; (3) Army reserve forces on active duty training for 4 months or longer; (4) Air Force reserve personnel on tours of duty lasting a minimum of 12 months; (5) National Guard personnel on initial active duty training; and (6) Coast Guard personnel on active duty. Demographic characteristics, which are gathered quarterly, are applied to the monthly counts of the total Armed Forces. The resident Armed Forces is a subgroup of the total military and consists of military personnel stationed in any of the 50 States. This includes about two-thirds of Army personnel, 80 percent of the Navy and the Air Force, 85 percent of the Marines, and virtually all Coast Guard per sonnel. Included in the count of Navy personnel are those 3 MONTHLY LABOR REVIEW July 1984 • Working for Uncle Sam on ships homeported in the United States.4 Trends in size and composition In the post-World War II period, the total active-duty Armed Forces ranged from a low of 1.4 million in 1948 to 3.6 million in 1952 and 3.5 million in 1968 and 1969. Between 1969 and 1979, this number dropped to 2.1 mil lion, before inching upward to 2.2 million in 1982. The resident Armed Forces ranged from 1.2 million in 1950 at the inception of the data series to 2.4 million in 1952 and 2.3 million in 1968. In 1979, the resident military fell to slightly less than 1.6 million, edging up to 1.7 million in 1982. (See table 1.) While changes in the size of the two Armed Forces counts are directly related, the impact of a military buildup during periods of armed conflict is. of course, greatest on the number stationed overseas and therefore has a larger effect on the total Armed Forces. Since 1973. monthly changes in the size of the services have been fairly small— generally no more than 5.000 and rarely more than 20,000. These increases and decreases have virtually no effect on the unemployment rate. In fact, the unemployment rate which includes the resident Armed Forces in the labor force base runs just one or two-tenths of a Tab le 1. percentage point below the civilian-based rate, and even the largest changes in the size of the military from month to month have made only a one-tenth of a point difference in the over-the-month movement of the overall unemployment rate. Service, gender, and minority status The Army is the largest branch of the resident Armed Forces with about 545.000 members, or 33 percent of the resident military. The next largest is the Air Force's 460,000, or 28 percent, closely followed by the Navy's 455,000, or 27 percent. About 11 percent of the resident Armed Forces are in the Marine Corps, with 165,000 members, and the Coast Guard, with 40,000, makes up 2 percent.'' The number of women in the resident military is relatively small with a total of only about 140,000 in 1982. They were outnumbered by men 11 to 1. However, military women numbered less than 30.000 in 1962. and the ratio of maleto-female personnel declined from 70 to 1 in that year to 43 to 1 in 1972. Over the same period, the ratio among civilian workers dropped from 2 to 1 to 1.3 to 1. With the change to an all-volunteer force in 1973. women joined the military at an increasing rate, reflecting stepped-up recruit- M em bers of the A rm ed Forces by selected characteristics, 1 9 5 0 -8 2 annual averages [Numbers in thousands] Total Arm ed Forces Y ear N um ber W om en Total P ercent of total em ploym ent Total Percent of the resid ent A rm ed Forces ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... 1.649 3.098 3.593 3.547 3.350 3.048 2.856 2.799 2.636 2.551 1.5 2.9 3.3 3.2 3.0 2.7 3.4 2.4 2.3 2.2 1.169 2.143 2.386 2.231 2.142 2.064 1.965 1.948 1.847 1.788 1.9 3.5 3.8 3.5 3.4 3.2 3.0 3.0 2.8 2.7 19 31 38 36 33 31 28 27 27 27 1.6 1.4 1.6 1.6 1.5 1.5 1.4 1.4 1.5 1.5 1960 ..................................................................... 1961 ..................................................................... 1962 ..................................................................... 1963 ..................................................................... 1964 ..................................................................... 1965 ..................................................................... 1966........................................................................ 1967 ..................................................................... 1968 ..................................................................... 1969 ..................................................................... 2.514 2.572 2.827 2.737 2.738 2.722 3.122 3.446 3.534 3.506 2.1 2.1 2.3 2.2 2.2 2.1 2.4 2.6 2.6 2.5 1.861 1.900 2.061 2.006 2.018 1.946 2,122 2,218 2.253 2,238 2.8 2.8 3.0 2.9 2.8 2.7 2.8 2.9 2.9 2.8 28 29 29 27 27 27 30 32 34 34 1.5 1.5 1.4 1.3 1.3 1.4 1.4 1.4 1.5 1.5 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... ..................................................................... 3.188 2.816 2.449 2.326 2.229 2.180 2,144 2.133 2.117 2,088 2.3 2.0 1.7 1.6 1.5 1.4 1.4 1.3 1.3 1.3 2.118 1.973 1,813 1,774 1,721 1,678 1,668 1,656 1,631 1,597 2.6 2.4 2.2 2.0 1.9 1.9 1.8 1.8 1.7 1.6 37 39 41 49 63 78 86 92 100 108 1.7 2.0 2.3 2.8 3.7 4.6 5.2 5.6 6.1 6.8 1980 ..................................................................... 1981 ..................................................................... 1982 ..................................................................... 2.102 2,142 2,180 1.2 1.2 1.2 1,604 1,645 1,668 1.6 1.6 1.6 134 133 139 7.7 8.1 8.3 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 4 R esident A rm ed Forces Percent of the total nonln stitutional population https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ing efforts for both men and women, as well as women’s growing participation in the labor force in general. How ever, since 1979, there has been no growth in the civilian labor force participation of women under 25, and women’s entrance into the Armed Forces has slowed. Despite the increasing number of women in the military, their repre sentation in the Armed Forces still does not come anywhere near their share of civilian employment. The following tab ulation shows actual and projected numbers of enlisted women during selected fiscal years:6 Numbers, in thousands Percent of all enlisted members 1972 1982 1987 1972 1982 1987 Total ......................... 31.8 A rm y........................ 12.3 Navy ..................... 5.7 Marine Corps .......... 2.1 Air Force ................. 11.7 163.2 188.1 64.3 70.1 37.0 45.6 7.9 9.1 54.1 63.4 1.6 1.8 1.1 2.1 2.0 9.0 9.6 9.6 10.1 7.7 8.7 4.5 5.0 11.3 11.5 It should be noted that each of the services still imposes limits on the number of women. For example, the Army had a limit of 70,000 in 1982. The distribution of women by service is a bit different than that of men. In 1982, almost 40 percent of enlisted women were in the Army, 33 percent were in the Air Force, 23 percent were in the Navy, and just 5 percent were in the Marine Corps. The tabulation above points out that enlisted women are proportionately best represented in the Air Force, while being outnumbered by male Marines 22 to 1. The situation for women officers in 1982 was quite similar as women comprised 9.2 percent of all officers, but made up 10.4 percent of Air Force officers and just 3.1 percent of Marine officers. Because female officers as a percent of all officers and enlisted women as a percent of total enlistees are each about 9 percent, it can be assumed that women are proportionately about as likely as men to be officers, al though there are differences among the branches. For both se^es combined, officers make up about 18 percent of the resident Armed Forces; the proportion ranges from 11 percent of the Marine Corps to 24 percent of the Air Force, where officer ranks are swelled by the larger number of pilots and various support personnel. Although most members of the resident Armed Forces are white, blacks make up a large share, as the following percentage distribution shows: Total .................................. Non-Hispanic W hite......................... Black ......................... Other ......................... Hispanic origin ............ Total Men Women 100.0 100.0 100.0 74.2 18.2 4.0 3.6 74.6 17.7 4.1 3.6 69.4 24.2 3.5 2.9 By comparison, more than 80 percent of civilian workers in a comparable age range— 18 to 54— are non-Hispanic whites,7 while less than 75 percent of the resident military is in that category. The number of Hispanics, Asian-Americans, and other nonblack minorities in the military is rel https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis atively smaller than their number in the population. In contrast, the proportion of black men in the Armed Forces is twice that among civilian workers, and the ratio is even a bit higher for black women. Before the late 1960’s, the rep resentation of black men in the Armed Forces was dispro portionately low when compared with their share of civilian male employment. Noting the increasing percentage of blacks in the military since the mid-1960’s, one analyst attributed it to three factors: “ (1) a dramatic increase over time in the proportion of blacks found eligible for military ser vice; (2) particularly high unemployment rates that plagued the young black population during the beginning of the volunteer force; and (3) a lag in earning potential for young blacks in the civilian work force.” 8 The civilian employment situation for black youth has not improved since the start of the all-volunteer military— in fact, the jobless rate for 18- and 19-year-olds rose from about 28 percent in 1973 to nearly 48 percent in 1982-and so the disproportionately high participation of blacks in the military is still quite relevant. During economic downturns, more blacks than whites enter the military from outside the labor force rather than from the ranks of the unemployed.9 Many of the blacks outside the labor force had not sought jobs in the civilian economy because of the poor employ ment situation they faced. Thus, the continually high jobless rates for young blacks directly contributed to their military enlistments during recent years. Another factor contributing to the growing proportion of blacks in the military was shown in a recent study10 which found that blacks who complete their first enlistment are more likely than other racial groups to reenlist. Youthfulness predominant As expected, persons in the military tend to be younger than civilian workers. Among both men and women in the resident Armed Forces, only 1 or 2 percent are age 45 or older; among civilian workers, more than 30 percent are in this age group. The recent increase in the number of military women helps account for their especially large concentration in the younger age groups. Ninety-five percent are under age 35. compared with less than half of civilian women workers, and more than half of the military women are under age 25. (See table 2.) The relative youthfulness of members of the Armed Forces indicates that a large number of men and women in the resident military view their time in the military as a transition between school and civilian jobs. However, half of these men and two-fifths of the women are at least 25 years old and thus are not in a first enlistment from high school. The 1980 National Longitudinal Survey found that men and women with a high degree of satisfaction with their military jobs are more likely to extend their term of service. While the study notes that this may seem to be a trivial finding, “ it suggests that the usual view of military service as a transitory rather than a permanent career-oriented job may not be 5 MONTHLY LABOR REVIEW July 1984 • Working for Uncle Sam Tab le 2. M ilitary personnel and civilian em ploym ent by age and sex, 1982 [Numbers in thousands] M en 16 18 20 25 35 45 55 W om en Total Arm ed Forces1 R esident Arm ed Forces1 C ivilian em ploy m en t2 Total Arm ed forces1 Resident Arm ed Forces1 C ivilian em p lo y m en t2 T o ta l........... Percent . . . 1,908 100.0 1,536 100.0 56,271 100.0 189 100.0 143 100.0 43,256 100.0 to 17 years . . . to 19 years . . . to 24 years . . . to 34 years . . . to 44 years . . . to 54 years . . . years and o v e r ................... .5 11.4 38.4 33.3 14.5 1.9 .6 12.3 38.1 32.5 14.6 2.0 2.3 3.7 12.8 28.4 21.2 16.4 .3 11.2 48.0 36.3 3.7 .5 .4 12.3 46.5 36.3 3.9 .5 2.8 4.6 15.0 28.1 20.8 15.5 .1 .1 15.2 — — 13.4 Age 1As of September 1982. 2Annual averages for 1982. N ote: Dashes indicate data round to less than 0.1 percent. relevant for most youths.” 11 Another way to view the issue of temporary job versus career is by examining reenlistment rates. Among first-term members of the military, an increasing proportion— about 47 percent— chose to reenlist in 1982. In fact, since 1973, the proportion has been rising among all military members, reaching 68 percent in 1982.12 Another way to examine this issue is in terms of the “ career force” — that is, the body of enlisted personnel with more than 4 years of service. In 1982, the career force made up 46 percent of the total enlisted strength, up from 33 percent in 1971 and 41 percent in 1976.13 As previously mentioned, there are relatively few military members above age 45. In part, this results from the eli gibility for partial pensions beginning after 20 years of ser vice when the retiree may be as young as age 38. In fact, the retirement age of the average enlisted retiree is 42, and the average retiring officer is 45. Moreover, persons over 35 are generally precluded from enlisting in the Armed Forces, so that the young retirees cannot be replaced by older civilian workers. Officers tend to be somewhat older than enlisted personnel in that they usually join the military later because of additional schooling and retire after serving an average of 2 years longer than enlistees. Close to 8 percent of the officers are age 45 or older, compared with only 1 percent of enlisted personnel. There is little difference in the age distribution of all persons in the Armed Forces compared with that of the resident military, except that the latter includes a slightly larger proportion of 18- and 19year-olds, reflecting the fact that initial military training takes place within the United States. Family status Times have changed since World War I when military regulations required enlisted men and junior officers to be unmarried. In 1982, a little more than half of the men in the resident Armed Forces were married. Not surprisingly, however, a higher proportion of civilian male workers were 6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis married— about three-fifths of those in the most comparable ages (18 to 44). Among military women, about two-fifths were married, compared with close to half of comparable aged (18 to 34) women with civilian jobs. Part of the dif ference is attributed to the fact that the majority of military women were under 25, while the civilian workers were most often over 25. In addition, the military traditionally has served as a transitional period for many persons just out of school and who do not yet have family obligations. Women, in particular, typically join the Armed Forces before mar riage and often do not reenlist once marriage and family responsibilities make military life more difficult to adapt to. However, women are more likely than men to complete their initial term of service, and to reenlist at higher rates when they reach the end of their first term. At later reen listment periods, reenlistment rates for men exceed those for women.14 About 45,000,15 or two-thirds of all married military women, were married to military men. According to data from the March 1982 supplement to the Current Population Survey, there are nearly a half mil lion married-couple families with children under age 18 whose fathers are in the Armed Forces. This represents three-fourths of all military married-couple families (that is, the husband is in the service and the wife is a civilian). On average, civilian families are older than military families, and are less apt to include children; in fact, only half have children under age 18. In addition to the half million married military men with children, there were about 12,000 military fathers raising their children alone, and a number of military mothers doing the same. When the husband was in the Armed Forces, close to half of the families included pre schoolers, compared with one-fourth of all civilian husband/ wife families; this again points to the relative youthfulness of persons in the military. Historically, military wives were less likely to work out side the home than were civilian wives, as frequent moves, limited job opportunities, extended separations from their husbands, the longstanding custom of volunteer activities, and young children were obstacles to paid employment.16 Nevertheless, the labor force participation of Armed Forces wives has been rising rapidly since the early 1970’s, in creasing by 25 percentage points in the past decade to nearly 52 percent in 1982. While this rate almost matched that for civilian wives, the labor force participation of wives of employed civilians was much higher— about 59 percent. Wives of civilian workers tend to be younger than all civilian wives, as their husbands generally are of preretirement age.17 (Data are not available from the Current Population Survey on married-couple families where the wife is in the Armed Forces, on military mothers raising their children alone, and on the labor force participation of civilian husbands of mil itary wives.) Occupational comparisons To liken military and civilian occupations could very well resemble a comparison of apples and oranges. After all, combat-related occupations do not usually exist for civil ians. In reality, however, only a small— and shrinking— proportion of the military performs combat and other spe cific military duties. During World War I, about 40 of every 100 soldiers had direct combat-related jobs. By World War II, the number had dropped to 30 of every 100, and during the height of the Vietnam conflict fewer than 13 of every 100 had combat assignments.18 In 1982, only 9 of every 100 persons in the resident military were classified in the infantry, gun crews, air crews, and seamanship specialist category. Most other military personnel held jobs similar to those of civilians, such as managers, clerks, musicians, and nurses, although a small proportion provided support for combat-related jobs. The distribution of military occupations differs from that of civilians as shown in table 3. Among enlisted men, craftworkers make up the largest category; about 42 percent of these workers are mechanics and repairers, compared with 21 percent of civilian men age 18 to 54. Professional, tech nical, and managerial workers and clerical and administra tive workers each account for about 16 percent of enlisted men. Among civilian men. professional, technical, and managerial workers account for more than 30 percent of the employed and clerical, administrative, and sales an addi tional 12 percent. The remaining enlisted men have service, operative, and laborer jobs (10 percent) or general military duties (16 percent). Male officers, as might be expected, are found primarily in professional, technical, and mana gerial jobs. A large group— about 40 percent— are in such tactical categories as pilots and artillery officers. Among women, a different picture emerges in that en listed women tend to perform duties other than those as signed to their male counterparts. (It should be noted that women are excluded from various combat occupations by Tab le 3. R esident m ilitary personnel and civilian e m p lo ym en t by occupation, sex, and age, 1982 [Percent distribution] M en W om en Occupation Enlisted Arm ed Forces1 C ivilian em p lo y ment? Enlisted Arm ed Forces1 C iviliam em ploy ment? Total e m ployed.............. Professional, technical, and managerial workers .............. Clerical and administrative w o rk e rs .................................... Sales workers ........................... Craft and kindred workers . . . Mechanics and repairers . . . Other cra ftw o rke rs................ Service workers, operatives, and la b o re rs ........................... Farm workers ........................... General military w o rk e rs ........... 100.0 100.0 100.0 100.0 16.1 31.5 29.9 26.4 15.6 6.4 6.1 21.0 6.2 14.8 41.2 35.2 6.4 2.1 .2 1.9 31.7 3.3 11.0 — 15.9 — — 42.3 37.1 5.2 10.1 — 17.1 14.9 2.2 — 1As of September 1982; data exclude officers. 2Annual averages for 1982; data relate to persons age 18 to 54. Note: Dashes indicate data round to less than 0.1 percent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9 28.9 1.0 — law.) Occupations of enlisted and civilian women are some what similar. The largest proportion of both groups (41 percent of military women and 35 percent of civilians) are in clerical and administrative fields. About 30 percent of enlisted women and one-fourth of their civilian counterparts have professional, technical, or managerial positions. But where close to 17 percent of the military women are craftworkers (such as aircraft and auto mechanics and electronic equipment repairers), only 2 percent of the nonmilitary women are so employed. Work in the service, operative, and laborer categories is much more common among civilian women (29 percent) than among their enlisted counterparts. General military duties are performed by less than 1 percent of the enlisted women. The jobs of female officers, like those of male officers, are concentrated in professional, technical, and managerial fields. Almost half are medical officers, including nurses, doctors, pharmacists, and other health professionals. Educational attainment Education is an important consideration of the military. For example, the educational attainment of recruits is used as an enlistment standard. The military also sets goals re garding the enlistment of both high school graduates and those who score in the upper half of the Armed Services Vocational Aptitude Battery Test, in part, because military personnel who hold high school diplomas tend to have lower attrition rates and fewer disciplinary problems.19 Schooling is also used as an enlistment incentive, as new members of the Armed Forces receive skill training and later may attend more specialized classes. Of course, many veterans and active duty personnel have also taken advantage of high school and college courses.20 How similar or dissimilar are the educational backgrounds of persons in the resident military and those of employed civilians? Among teenagers (age 18 and 19), those in the military are much more likely to be high school graduates than are their civilian counterparts. (See table 4.) Only 15 percent of the 18- and 19-year-old men and 3 percent of women in the military do not have a high school diploma. In the next age group, however, the opposite generally is true— that is, the educational attainment of civilian workers surpasses that of members of the Armed Forces among the 20- to 24-year-olds, as fewer military personnel than civil ians in that age category have attended college. Some of the 20- to 24-year-old civilian workers, of course, were both working and attending college or had recently graduated. Military personnel, age 25 to 34, were old enough to have attended college before enlisting, or to have attended while in the military, and more than a fifth of these men and a fourth of these women had attended at least 4 years of college. Many view the military as a career, rather than as a transitional phase between high school and civilian em ployment. The proportion of college graduates among the 25- to 34-year-old civilian men is slightly higher than that 7 MONTHLY LABOR REVIEW July 1984 • Working for Uncle Sam T ab le 4. Educational attainm ent of resident m ilitary personnel and civilian em p lo ym en t by sex and age, 1982 [Percent distribution] E ducational atta in m e n t and sex Total 16 to 17 years 18 to 19 years 20 to 24 years 25 to 34 years 35 to 44 years 45 years and over 100.0 14.6 84.9 .6 100.0 10.4 79.8 5.6 4.3 100.0 3.7 59.2 15.4 21.7 100.0 2.4 43.9 20.1 33.6 100.0 2.1 24.5 17.9 55.6 100.0 15.0 49.2 25.8 10.0 100.0 11.3 37.9 21.9 28.9 100.0 17.6 35.6 17.6 29.2 100.0 29.6 34.1 13.4 23.0 100.0 1.0 81.9 10.3 6.8 100.0 .4 53.4 18.7 27.5 100.0 .2 26.3 21.3 52.2 100.0 .1 9.0 18.0 72.9 100.0 8.5 48.5 30.0 13.0 100.0 8.7 41.6 23.2 26.5 100.0 15.3 46.4 18.2 20.2 100.0 25.0 47.3 14.2 13.9 MEN Resident Armed Forces1 ........................... High school: Less than 4 years . . . 4 years o n ly ................. College: Less than 4 years .............. 4 years or more ................ 100.0 7.5 67.3 10.4 14.7 100.0 30.2 69.7 .1 Civilian employment2 ................................. High school: Less than 4 years . . . 4 years o n ly ................ College: Less than 4 years .............. 4 years or more ................ 100.0 21.6 37.5 17.9 23.0 100.0 97.2 2.5 .3 Resident Armed Forces1 High school: Less than 4 years . . . 4 years o n ly ................ College: Less than 4 years .............. 4 years or more ................ 100.0 1.0 70.8 12.6 15.5 100.0 5.7 94.2 .2 Civilian employment2 ................................. High school: Less than 4 years . . . 4 years or more . . . . College: Less than 4 years .............. 4 years or more ................ 100.0 17.9 45.0 19.5 17.6 100.0 95.0 5.0 — — — 100.0 37.2 54.1 8.8 — WOMEN — — — 100.0 2.9 95.6 1.4 — 100.0 27.5 58.9 13.5 .1 1As of September 1982 2As of March 1982. N ote : Dashes indicate data round to less than 0.1 percent. of military men, but women in and out of the military are about equally likely to have completed college. Only very small numbers of military men and almost no military women are high school dropouts, while substantial proportions of employed civilians do not have a high school diploma, and these proportions rise with age (to 30 percent for men and 25 percent for women 45 years and over). Among military personnel in this age group, more than half of the men and nearly three-fourths of the women have college degrees; it can be assumed that most are officers. In fact, 97 percent of the commissioned officers of all ages are graduates, com pared to 2 percent of enlisted personnel.21 Compensation The military has an unusual pay structure in that it is a combination of cash earnings and allowances, plus various in-kind allowances and benefits. The total compensation received, unlike that of civilian workers, is partially deter mined by marital and family status and is based on rank and years in service, rather than on occupation and seniority. Any attempt to compare military and civilian pay is fraught with problems. Regular military compensation is a combination of basic pay, quarters allowance, variable or station housing allow ance, subsistence allowance, and the tax advantages asso ciated with these tax-free allowances.22 In addition to regular military compensation, special pay and allowances are pro vided for hazardous, sea, or foreign duty, special skills, to maintain uniforms, and the maintenance of two households during periods of separation. Fringe benefits include a non 8 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis contributory retirement plan which starts to pay after a min imum of 20 years of service at 50 percent of base pay, and rises to 75 percent with 30 years; medical coverage for military personnel and their families; discounted prices for the purchase of food, clothing, and housewares at post ex changes and commissaries; and coverage under the social security system. Monthly basic pay for fiscal 1982 ranged from $573 to $2,215 for enlisted personnel and from $1,099 to $5,317 for commissioned officers, depending on rank and years of service. Basic allowances relate to rank and dependent fam ily members or marital status. About half of the military personnel live in government quarters while a smaller pro portion receives subsistence in kind.22 But enlisted person nel without family members who received cash allowances for quarters were given from $123 to $272; allowances for commissioned officers ranged from $224 to $509. Military personnel with families received from $214 to $383 if en listed and $291 to $636 if commissioned. The variable hous ing allowance is granted to those persons stationed in highcost areas. Allowances for subsistence are less complicated; enlisted members received about $142 and officers received $98. Finally, the value of the income tax advantage varies with each person’s own family and income situation. An example is a male member of the Armed Forces with a civilian spouse and one child who live together off base. If in 1982 he had been in the Army for 8 years and was an E-6 staff sergeant, he earned $1,103 per month in basic pay. His allowance for subsistence was $4.68 per day or $140 per month. His allowance for quarters was $303. His monthly tax advantage was estimated at $110. The total annual Basic Military Compensation— the sum of these four items— was about $19,900. If the family lives in a highcost area, the Variable Housing Allowance of, say $188 per month (in Washington, D.C.) brought the annual salary— now called Regular Military Compensation— to about $ 22 , 100. In summary , available data indicate that the military is an attractive alternative to many jobseekers— including some without work experience, some who desire occupational training, some who have strong feelings of patriotism, and some who are looking for a lifetime career. Persons in the Armed Forces tend to be younger than civilian workers and include relatively more blacks but fewer women. About half the men and two-fifths of the women are married. Combat jobs are not prevalent— fewer than 9 of every 100 persons in the resident military hold them— and crafts predominate among enlisted men, while enlisted women are more likely to hold clerical and administrative positions. Officers gen erally can be classified as professional, technical, and man agerial workers. The 1.7 million members of the resident Armed Forces are, indeed, an important part of the U.S. economy. FOOTNOTES A c k n o w l e d g m e n t : The author wishes to thank Ken Scheflen and his staff at the Defense Manpower Data Center, Arlington, Va., for providing data on the resident Armed Forces. 'Because 1982 data on the Armed Forces were tabulated specifically for this article by the Department of Defense, civilian data obtained from the Current Population Survey also refer to 1982. The Current Population Survey ( c p s ) is a sample survey of about 60,000 households conducted monthly by the Bureau of the Census for the Bureau of Labor Statistics. 2It should be noted that those series exist only for three groups: men age 16 and over, women age 16 and over, and both sexes combined. 3See C o u n tin g th e L a b o r F o r c e (Washington, National Commission on Employment and Unemployment Statistics, Labor Day 1979), pp. 49-51. 4These are ships whose homeport is in the United States and are not deployed to the Mediterranean, the Mideast, the Far East, or the Indian Ocean. The actual location of all Navy ships is reported annually to the Bureau of the Census and the ratio of persons on ships deployed to the above locations to the total number afloat is applied to the monthly count of Navy personnel on ships. Department of Defense data provided for this article include all Navy personnel on ships—bringing the resident forces to 95 percent of the Navy—and this helps account for the fact that the total resident military count in the tables shown in this article is slightly higher (less than 1 percent) than the total generally used by the Bureau of Labor Statistics. In addition, the detailed data shown for the Armed Forces refer to Sep tember 1982 (the end of fiscal 1982) unless otherwise noted, while the civilian data used for comparison purposes generally are 1982 annual averages. 5These data are those used by the Census Bureau to calculate the size of the resident Armed Forces for the c p s . Department of Defense data provided specifically for this article and used throughout most of the re maining text show a 31-percent share for the resident Army. 31 percent for the Navy, 27 percent for the Air Force, and 11 percent for the Marine Corps. 6This tabulation, showing enlisted women in the total Armed Forces, is from the M ilita r y M a n p o w e r T a sk F o r c e , A R e p o r t to th e P r e s id e n t on th e S ta tu s a n d P r o s p e c ts o f th e A ll-V o lu n te e r F o r c e . Rev. ed. (Washington, 1982), pp. 11-18. 7 It is not possible to directly count the number of non-Hispanic whites from the CPS, because in that survey race and ethnic origin are determined independently. There is evidence that most Hispanics are classified as white. In order to compare data for military and civilian workers, Hispanic https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis civilian employment was subtracted from white civilian employment (in both instances for persons age 18-54) to arrive at a civilian employment level for non-Hispanic whites. However, because a small number of His panics are black or other nonwhite races, the actual proportion of nonHispanic whites is slightly higher than that shown. 8Richard V. L. Cooper, M ilita r y M a n p o w e r a n d th e A ll-V o lu n tee r F o rc e s (Santa Monica, Calif., The Rand Corp., 1977), p. 210. 9See Charles Dale and Curtis L. Gilroy, “The Effects of the Business Cycle on the Size and Composition of the U.S. Army,” A tla n tic E c o n o m ic J o u r n a l , March 1983, p. 45. l0Choongsoo Kim, Y ou th a n d th e M ilita r y S e r v ic e s : 1 9 8 0 N a tio n a l L o n g itu d in a l S u r v e y S tu d ie s o f E n lis tm e n t, I n te n tio n s to S e r v e , R e e n lis tm e n t a n d L a b o r M a r k e t E x p e r ie n c e o f V e te r a n s a n d A ttr ite r s (Columbus, Ohio State University, Center for Human Resource Research, 1982), p. 81. "Kim, Y ou th a n d th e M ilita r y S e r v ic e s , p. 88. 12Department of Defense, S e le c te d M a n p o w e r S ta tis tic s , F is c a l Y e a r 1 9 8 2 (Washington, 1983), tables 2-25 and 2-26. 13M ilita r y M a n p o w e r T a s k F o r c e , p. Ill— 9 14I b id ., p. 11-18. 15I b i d ., p. 11-18. l6Allyson Sherman Grossman, “The employment situation for military wives,” M o n th ly L a b o r R e v ie w , February 1981, pp. 60-62. 17These data are from the March 1982 supplement to the Current Pop ulation Survey. 18Sar A. Levitan and Karen C. Alderman, W a r r io r s A t W o rk (Beverly Hills, Calif., Sage Publications, Inc., 1977), p. 141. l9Levitan and Alderman, W a r r io r s A t W o rk , pp. 23-25. 20Through September 1982, a total of 7.9 million veterans received financial educational assistance under the post-Korean GI Bill; 4.8 million of these attended college. During fiscal year 1982, more than three-quarters of a million veterans received financial assistance to attend college, and more than 200,000 participated in other educational and training programs. See V e te r a n s ’ B e n e fits U n d e r C u r r e n t E d u c a tio n P r o g r a m s , F is c a l Y e a r 1 9 8 2 (Veterans Administration, 1983), RSM70-83-1, pp. 12 and 18. 21Department of Defense, S e le c te d M a n p o w e r S ta tis tic s , F is c a l Y e a r 1 9 8 2 , table 2-5. 22Public Law 96-579, Dec. 23, 1980. 23Martin Binkin and Irene Kyriakopoulos, P a y in g th e M o d e r n M ilita r y (Washington, The Brookings Institution 1981), p. 15. 9 The changing composition of the military and the effect on labor force data With the end o f the draft and the beginning o f an all-volunteer military force in 1973, the racial composition o f the services has changed significantly and complicates interpretation o f labor force data based on the civilian population alone Hal Sider and Cheryl Cole January 1983 marked the 10th anniversary of the all-vol unteer Armed Forces; since the end of the draft, important changes in the size and demographic composition of the military have occurred. These changes have implications for the analysis of labor force statistics, which have tradi tionally focused on civilians. Recognizing that this distinc tion is increasingly archaic in the context of an armed force that competes in the job market for its work force, beginning in January 1983, the Bureau of Labor Statistics began to count domestic military personnel as employed members of the aggregate labor force.1 The data cited in this article incorporate the total (foreign and domestic) military pop ulation. Roughly 80 percent of military personnel are sta tioned in the United States. This article examines some of the changes that have oc curred in the military as a result of the advent of the all volunteer Armed Forces. Trends in labor force data which include individuals in the military are compared with tra ditional statistics that measure the civilian labor market. Demographic changes in the composition of the military in recent years affect the analysis of labor force trends based on the civilian population alone. The effect is greatest for males, ages 16 to 24, a group that makes up roughly 50 percent of the Armed Forces. As measured by civilian emHal Sider and Cheryl Cole are economists in the Office of Policy, U.S. Department of Labor. 10 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ployment-to-population ratios and unemployment rates, the labor market experience of nonwhites has worsened con siderably relative to that of whites in recent years. The analysis indicates, however, that roughly 30 percent of the relative decline can be attributed to changes in the demo graphic composition of the military alone. Changes in the military since 1972 Size. When the shift to an all-volunteer force2 was com pleted in January 1973, the military was in the midst of significant changes. By January 27, 1973, the last U.S. combat troops were withdrawn from Vietnam and the size of the Armed Forces was already declining rapidly. The military population reached post-World War II peaks in 1968 and 1969 when there were more than 3.5 million active duty personnel. By January 1973, the total size of the mil itary was 2.3 million. As the following tabulation shows, draftees made up a declining share of recruits in the years prior to 1973: Y ear 1968 1969 1970 1971 1972 1973 P ercen t ................ ................ ................ ................ ................ ................ .......... ........... .......... .......... ........... .......... 41 33 33 29 7 8 1974-82 ......... ........... 0 In 1968, there were 340,000 draftees and fewer than 40,000 in 1972, according to the U.S. Department of Defense’s Office of Accession Policy. Between 1973 and 1980, the size of the military fell 10 percent to 2.1 million but then increased slightly to 2.2 million in 1982. The distribution of the military population among the various services has been relatively steady since 1973. In 1982, the Army made up roughly 36 percent of personnel on active duty; the Navy, 26 percent; the Air Force, 27 percent; the Marines, 9 percent; and the Coast Guard (now administered by the Department of Transpor tation), 2 percent.3 Race. The change in the racial composition of the military is perhaps the most often cited result of the all-volunteer force. In fact, since 1973 this change has been quite dra matic. The proportion of the military (in percent) made up by nonwhites roughly doubled between 1972 and 1982 and tripled between 1963 and 1982. The proportion of the pop ulation made up by nonwhites increased from 10 to 13 percent over the period. The following tabulation shows the percentage of males of all ages in the Armed Forces and in the population as a whole. Armed Forces Total population 7.8 12.3 23.2 10.1 Year 1963 ....................... 1972 ....................... 1982 ....................... 10.9 12.9 As late as 1970, nonwhites were actually less than pro portionately represented in the military. Currently, the pro portion of the military made up of nonwhites is at a high (23 percent) and is roughly double the nonwhite share of the total population. Following the formation of the vol unteer force, the proportion of nonwhite officers has grown from 3 percent in 1972 to 8 percent in 1981.4 Roughly 85 percent of nonwhites in the military are black. This figure has remained fairly constant during the 1970’s.5 Sex. The proportion of the military made up by women is low compared with civilian employment. However, the number of women on active duty has grown very rapidly in recent years, increasing more than fourfold in the last decade. In 1972, slightly more than 43,000 women were in the Armed Forces, making up less than 2 percent of the total personnel. In 1982, 190,000 women were in the mil itary, accounting for about 9 percent of the total. In com parison, women made up 36 percent of all civilian employment in 1972 and roughly 40 percent in 1982. In 1982, women made up 9 percent of the Army; 8 percent of the Navy; 11 percent of the Air Force; and 4 percent of the Marines. Trends in the racial composition of female personnel are similar to those among males. In 1982, 29 percent of the women were nonwhite, compared with 12 percent in 1972. Age. Changes in the age composition of the Armed Forces have also occurred during the same period, but they have https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis been less dramatic than those in the race and sex classifi cations. In the early 1960’s, before large-scale American participation in Vietnam, teenagers made up roughly 18 percent of the Armed Forces. At the height of the Vietnam conflict, 1969-71, the proportion of teenagers fell to 12 percent. The proportion of teenagers again approached preVietnam War levels in the mid-1970’s after implementation of the all-volunteer force. However, this proportion has fallen steadily in recent years, reflecting increased efforts by the Armed Forces to attract and retain older and more highly educated recruits. The following tabulation shows the age distribution (in percent) of the male Armed Forces population for selected years: 16 to 19 1963 ................................ 1969 ................................ 1973 1982 ................................ 18.4. 11.9 16.5 12.7 20 to 24 35.4 52.1 41.4 38.6 25 and over 46.2 36.0 42.1 48.7 Trends in the “ quality” of recruits are observed in data on the proportion of recruits having at least a high school diploma. The proportion fell from 67 percent in 1972 to 61 percent in 1974 but increased to more than 86 percent in 1982. In contrast, 74 percent of the total youth population ages 18 to 23 were high school graduates in 1982.6 Labor force trends This section incorporates data on the Armed Forces pop ulation into the analysis of labor market trends. The focus of the analysis is on males ages 16 to 24. In recent years, there has been a marked divergence in the civilian employment-to-population ratios and unemployment rates of whites and nonwhites in this age group. Table 1 shows that civilian employment-to-population ratios have fallen and unem ployment rates have risen rather dramatically for nonwhites in recent years. Measures of labor market performance were fairly stable for whites, at least until the onset of the 198182 recession. There are no generally accepted explanations for the causes of the racial divergence in labor market per formance.7 Tab le 1. C ivilian em p lo ym en t-to -p o p u latio n ratios and the u n em p lo ym en t rate fo r m ales, ages 16 to 24, selected years, 1 9 6 3 -8 2 Year E m ploym ent-topopulation ratio U nem p lo ym en t rate W hite N onw hite W hite N onw hite 1963 ............................ 1970 ............................ 61.5 63.0 55.5 53.3 11.0 10.2 20.1 17.4 1973 1974 1975 1976 1977 1978 1979 ............................ ............................ ............................ ............................ ............................ ............................ ............................ 67.8 67.7 63.1 65.0 67.5 69.5 69.6 52.4 50.3 43.9 44.6 44.6 46.4 48.6 8.8 10.1 15.1 13.4 11.5 9.9 9.9 17.9 21.5 27.2 25.7 26.8 25.0 22.0 1980 ............................ 1981 ............................ 1982 ............................ 66.7 65.7 62.3 45.5 42.8 39.6 13.0 13.8 16.9 26.2 28.7 33.9 11 MONTHLY LABOR REVIEW July 1984 • Effect o f Military on Labor Force Data The addition of the military population to data on the civilian labor force necessarily increases employment-topopulation ratios and decreases “ civilians only” unem ployment rates.8 The extent of the adjustment for different demographic groups, however, is larger or smaller depend ing on the proportion of the group’s population in the mil itary. Data on the female labor force, for example, are only negligibly affected due to the small number of women in the military. 1 6 to 1 9 Tab le 2. C om p arison of civilian and total labor force s ta tis tic s 1 fo r m ales, selected years, 1 9 6 3 -8 2 Y ear [In percent] M e a s u re and y ear W hite N onw hite Total C ivilian D iffe re n c e 2 Total C ivilian D ifference 49.5 52.3 44.7 49.6 4.8 2.7 40.7 38.0 37.4 35.5 3.3 2.4 ......................... ........................ ......................... ......................... ......................... ......................... ......................... 56.4 56.3 52.7 53.5 56.1 57.7 57.0 54.3 54.4 50.6 51.5 54.4 56.3 55.7 2.0 1.9 2.1 1.9 1.7 1.5 1.3 37.2 35.9 31.5 30.5 30.8 33.2 33.6 33.9 32.4 27.8 27.4 27.7 30.0 30.2 3.3 3.5 3.7 3.1 3.2 3.2 3.3 1980 ......................... 1981 ......................... 1982 ......................... 54.8 52.8 48.5 53.4 51.3 47.0 1.4 1.5 1.6 32.0 29.4 25.7 28.5 26.1 22.7 3.5 3.4 3.0 Ages 20 to 24: 1963 ......................... 1970 ......................... 82.4 81.5 79.1 76.8 3.4 4.7 77.4 77.1 74.8 72.9 2.7 4.2 ......................... ......................... ......................... ......................... ......................... ......................... ......................... 82.2 81.6 76.3 78.5 80.2 81.9 82.3 80.2 79.8 74.3 76.9 76.7 80.6 81.1 2.0 1.8 2.0 1.6 1.4 1.2 1.2 73.9 72.2 64.6 66.0 65 0 66.1 69.5 70.9 68.8 60.3 62.0 61.0 62.0 65.7 3.0 3.4 4.3 4.0 4.1 4.1 3.8 1980 ......................... 1981 ......................... 1982 ......................... 78.9 78.3 75.5 77.5 77.0 73.9 1.3 1.4 1.6 65.5 62.9 59.8 61.0 58.0 54.4 4.5 4.9 5.3 13.5 12.4 15.9 13.7 2.4 1.3 24.7 23.0 27.3 24.9 2.7 1.9 ......................... ......................... ......................... ......................... ......................... ......................... ......................... 11.4 12.7 17.1 16.2 14.1 12.8 13.3 12.3 13.5 18.3 17.3 15.0 13.5 14.0 9 .9 1.2 1.1 .9 .7 .6 24.1 28.2 31.2 31.9 33.3 30.8 28.2 26.0 31.4 35.1 35.6 36.7 34.1 31.4 2.7 3.2 3.9 3.3 3.4 3.3 3.2 1980 ......................... 1981 ......................... 1982 ......................... 15.4 17.0 20.7 16.2 17.9 21.7 .7 9 1.0 30.7 33.8 40.1 34.3 37.6 44.0 3.6 3.8 4.0 Ages 20 to 24: 1963 ......................... 1970 ......................... 6.4 6.0 7.8 7.8 1.4 1.8 13.7 10.4 15.6 12.6 1.8 2.3 ......................... ......................... ......................... ......................... ......................... ......................... ......................... 5.8 7.0 12.0 10.0 8.6 7.1 6.9 6.6 7.8 13.1 10.9 9.3 7.7 7.5 .8 .8 1.2 .9 .7 .6 .5 11.3 13.6 19.6 17.9 18.7 17.3 14.8 12.9 15.6 22.7 20.6 21.4 20.0 17.2 1.6 2.0 3.1 4.8 2.8 2.7 2.3 1980 ......................... 1981 ......................... 1982 ......................... 10.3 10.7 13.3 11.1 11.6 14.3 .8 .9 1.0 18.9 20.7 25.0 22.1 24.3 29.2 3.1 3.6 4.3 E m p lo ym en t-to p o pulation ratio Ages 16 to 19: 1963 ......................... 1970 ......................... 1973 1974 1975 1976 1977 1978 1979 1973 1974 1975 1976 1977 1978 1979 U n em p lo ym en t rate Ages 16 to 19: 1963 ......................... 1970 ......................... 1973 1974 1975 1976 1977 1978 1979 1973 1974 1975 1976 1977 1978 1979 'Total includes civilian and Armed Forces. lu m b e r s may not add to totals because of rounding. 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The starting point for the analysis is the construction of the ratio of the Armed Forces population to total population for various demographic groups. The data reveal a long term trend toward a reduced role for the military in the life of young adults, particularly for whites. This is, of course, due to a larger population (the entry of the baby-boom cohort into the labor force) as well as changes in the military. The tabulation below shows the male military population to total population (in percent) by age and race, for selected years: W h ite 1963 ................................ 8.7 4.2 1972 ............................... 1974 4.2 1982 ............................. 2.9 N o n w h ite 5.2 3.8 5.1 3.9 2 0 to 2 4 W h ite 16.0 12.1 8.7 6.2 N o n w h ite 10.6 11.1 10.9 11.7 Before the all-volunteer force, enlistment-to-population ratios were uniformly higher for whites than nonwhites. Since that time, however, enlistment ratios have been uni formly higher among nonwhites. The phasing out of the draft has resulted in a decrease in the proportion of white males ages 20 to 24 in the military, as well as in the pro portion of white teenagers. Table 2 presents total (including Armed Forces) and ci vilian labor force data for male teenagers and young adults. For whites, the difference between total and civilian labor force statistics is greatest in the years before the formation of the volunteer Armed Forces because whites were more than proportionally represented in the Armed Forces at that time. As enlistment-to-population ratios fell for whites, the wedge between civilian and total labor force statistics nar rowed. Thus, the declines in white civilian employment-topopulation ratios are smaller than the decline in the employment-to-population ratio for the total population. In fact, for white teenagers, an increase of 2.3 points in the civilian employment-to-population ratio between 1963 and 1982 was more than offset by declines in military enlistment. The total employment-to-population ratio for white teen agers fell by 1 percentage point over the period. Similarly, increases in civilian unemployment rates for whites over the past 20 years are smaller than the increase observed in total unemployment data. The data for nonwhites reveal the opposite pattern. The wedge between total and civilian labor force statistics is greater in the postdraft era, as blacks came to account for a growing share of the Armed Forces population. As such, the decline in the nonwhite civilian employment-to-popu lation ratio is greater than the decline in the employmentto-population ratio for the total population. Similarly, the increases in nonwhite civilian unemployment rates exceed changes in unemployment for the total labor force. Thus, examination of data on the civilian labor force alone is insufficient in determining the relative labor market ex perience of white and non white youth. More specifically, the racial gap in the civilian employment-to-population ratio T ab le 3. R acial differences in the civilian and total labor force, 1 9 6 3 -8 2 M eas u re and y ear Total Civilian M eas u re and y ear E m p lo ym en t-to -p o p u latio n ra tio 1 C ivilian U nem p lo ym en t ra te 2 Ages 16 to 19: 1963 . . 8.8 1973 1974 1975 1976 1977 1978 1979 19.2 20.4 21.2 23.0 25.3 24.5 23.4 1980 1981 1982 7.2 Ages 16 to 19: 1963 . . 11.2 11.4 20.4 22.0 22.8 24.1 26.7 26.3 25.5 1973 1974 1975 1976 1977 1978 1979 . . . . . . . . . . . . . . 12.7 15.5 14.1 15.7 19.2 18.0 14.9 14.5 17.9 16.8 18.3 21.7 20.6 17.4 22.8 23.4 22.9 24.9 25.2 24.3 1980 1981 1982 .. .. .. 15.3 16.8 19.4 18.1 19.7 22.3 Ages 20 to 24: 1963 . . 5.0 4.3 Ages 20 to 24: 1963 . . 7.4 7.8 1973 1974 1975 1976 1977 1978 1979 8.3 9.4 11.7 12.5 15.2 15.8 12.8 9.4 11.0 14.0 14.9 17.7 18.6 15.4 1973 1974 1975 1976 1977 1978 1979 .. .. .. .. .. .. .. 5.5 6.6 7.6 7.9 10.1 10.2 7.9 6.3 7.8 9.5 9.7 12.1 12.3 9.7 1980 1981 1982 13.4 15.4 15.8 16.5 19.0 19.5 1980 1981 1982 .. .. .. 8.6 10.0 11.7 11.0 12.2 14.7 1White rate minus nonwhite rate. was smaller than the gap in the total employment-to-population ratio in the years before the volunteer force. After that time, the gap was greater in the civilian data. (See table 3.) Between 1963 and 1982, changes in the composition of the military accounted for roughly 20 percent of the relative decline in the employment-to-population ratio for nonwhite male teenagers;9 for males ages 20 to 24, the corresponding number is roughly 30 percent. Similarly, changes in the military accounted for 25 percent of the relative increase in unemployment rates for nonwhite teenagers and 40 percent of the relative increase among nonwhites 20 to 24 years of age. S i g n i f i c a n t c h a n g e s in the size and demographic com position of the military have taken place since the start of the all-volunteer Armed Forces in 1973. These changes have also had important implications for the interpretation of labor force statistics. The most significant change is that the share of the military made up by nonwhites grew rapidly in the years after the draft was phased out. Over the same period, the civilian labor market status of nonwhite teen agers and young adults in the civilian labor force deteriorated rapidly. A focus restricted to the civilian labor force, how ever, yields an exaggerated picture of the extent of this decline. Roughly 30 percent of the relative decline in the number of nonwhite teenagers and young adults in the ci vilian labor force can be attributed to changes in the de mographic composition of the military. □ ----------- F O O T N O T E S ------------ The analysis in this article does not necessarily reflect an official position of the U.S. Department of Labor. The authors A Total ckno w ledg m ent: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2Nonwhite rate minus white rate. would like to thank their colleagues Roger Hart. Arlene Holen. John Raisian, Eric Sonnett, and Andy Sparks for their helpful comments. 'The Bureau has historically published total labor force figures for the overall population, including the military, and made them available for specific age groups. 2The last draft call was in December 1972. These men were inducted in 1973, resulting in the positive level of draftees after formal commence ment of the volunteer force. 1S ta tis tic a l A b s tr a c t o f th e U n ite d S ta te s , 1982, tables 593 and 596, p. 360. 4 S ta tis tic a l A b s tr a c t, table 594. p. 360. In addition to blacks, the category nonwhite includes Asian Amer icans, American Indians, and others. It should be noted that the “ Hispanic origin" category is not a racial classification. Persons in this group may appear in the white or black and other racial categories. ^Military Manpower Task Force. November 1982, pp. II-3-II-4. 7Recent noteworthy contributions to the research literature on this prob lem include: John Cogan, “The Decline in Black Teenage Employment, 1950-1970,” T h e A m e r ic a n E c o n o m ic R e v ie w , September 1982, pp. 621 — 38; Dave O’Neill, “ Racial Differences in Teenage Employment: A Note on the Trends,” J o u r n a l o f H u m a n R e s o u r c e s , Spring 1983, pp. 296-306; David T. Ellwood and David A. Wise, Youth E m p lo y m e n t in th e S e v e n tie s : T h e C h a n g in g C ir c u m s ta n c e s o f Y ou n g A d u lts (Cambridge, Mass., Na tional Bureau of Economic Research, Inc., 1983), n b e r Working Paper Series, 1055. See also the papers collected in Richard B. Freeman and David A. Wise, eds., The Youth L a b o r M a rk e t P r o b le m : Its N a tu re, C a u ses, a n d C o n s e q u e n c e s (Cambridge, Mass., National Bureau of Economic Re search, Inc., 1982). "Total employment-to-population ratios are calculated by adding the Armed Forces population to employment and civilian population totals. Total unemployment rates are calculated by including the Armed Forces population in labor force totals. 9For example, the growth of the white or nonwhite difference in the to ta l teenage employment-to-population ratio between 1963 and 1982 is 14.1 points (22.9 - 8.8). The corresponding figure for the civilian pop ulation is 17.1 points (24.3 — 7.2). Thus, roughly 20 percent of the divergence in the civilian employment-to-population ratio among teenagers can be attributed to changes in the composition of the military. Calculations for other groups are carried out in a similar manner. 5 I b id . 13 Self-employed workers: an update to 1983 The number o f Americans working for themselves continues to increase, reaching 9.1 million in 1983; they tend to be older than other workers, and although they work longer hours, their earnings are lower E ugene H. B ecker Even in -this age of big business, there are still many in dividuals who work for themselves. Between 1976 and 1983, the number of self-employed Americans increased each year, posting an overall gain of 23 percent, or 1.7 million.1 In fact, self-employment among American workers has been increasing for almost a decade and a half, barely pausing for cyclical downturns. When agricultural self-employment is separated from nonagriculture, two pictures emerge. Agricultural self-em ployment, which had been decreasing for decades, contin ued to decline through the mid-1970’s. Since 1976, it has held steady at about 1.6 million. Nonagricultural self-em ployment, in contrast, has increased each year since 1970, when it was 5.2 million, to 1983, when it was 7.6 million, an increase of more than 45 percent.2 Related groups Several groups are closely related to the self-employed, but are not included in their number. Among them are in dividuals who have incorporated their own businesses. By incorporation, such persons draw a wage or salary from their business and, consequently, are included among wage and salary workers.3 The incorporated self-employed ac counted for 2.8 million workers in 1982, up from 2.1 million in 1978. Another group closely related to the self-employed is the unpaid family worker (who must work at least 15 hours a week in a family business to be counted in the statistics). There were slightly more than 600,000 of these workers in 1983. As a worker group, unpaid family members have been declining for several decades. Since 1970, their num ber in agriculture has dropped by about 52 percent, com pared with a 25-percent decline for those in nonagricultural work. (See table 1.) No typical unpaid family worker exists. He or she may be the spouse of a doctor or dentist doing office chores or professional work, the child of the owner of a small store or business helping out after school and on weekends, or the relative of a family farmer putting in long hours of manual work.4 More than three-fourths of unpaid family workers were women in 1983, a proportion only slightly smaller than in past years. Finally, there is the person who holds two jobs and who is self-employed on the second job. Because the Current Population Survey counts each person only once, dual job holders are classified according to their primary job. The latest available data on multiple jobholders from the May 1980 Current Population Survey show that about 1.6 million people, or one-third of all dual jobholders, were self-em ployed on their second jobs.5 Cyclical patterns Eugene H. Becker, an economist formerly with the Oifice of Employment and Unemployment Statistics, Bureau of Labor Statistics, is now with the Bureau’s Office of Publications. 14 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The upward trend in the number of self-employed workers began around 1970. (See chart 1.) Prior to then, self-em- C h art 1. S elf-em p loyed w orkers by m ajor industry group, 1948-84 M illions Seasonally adjusted q u a rte rly averages ployment had been on the decline, fueled largely by the reduction in agricultural self-employment, which in 1948 was 4.7 million. Agricultural self-employment continued to decline through the mid-1970’s, but at a much slower pace. Since 1976, agricultural self-employment has leveled off at about 1.6 million, suggesting that the decline in independent family farming may be coming to an end. In the nonagricultural sector, there were 6.1 million selfemployed in 1948; by 1970, the number had declined to 5.2 million. Not included in the 1970 total, however, was a large number of incorporated self-employed who, prior to 1967, had been included.6 Nonfarm self-employment began rising slowly in the early 1970’s and more sharply in the second half of the decade. By 1983, the number reached 7.6 million. Several analysts have suggested that self-employment moves in a countercyclical fashion.7 While the evidence for this is not overwhelmingly strong, an examination of the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis proportional seasonally adjusted quarterly changes in selfemployment during recessions tends to support this idea, at least for the nonagricultural sector. The following tabulation shows percentage changes in self-employment from busi ness cycle peaks to troughs (as designated by the National Bureau of Economic Research), 1948-82: P eak T ro u g h IV -1948 IV -1949 III-1953 11-1954 11-1957 11-1958 11-1960 1-1961 .. . . . . . . IV -1969 IV -1973 1-1980 HI-1981 . . . . IV-1970 IV—1975 Ill—1980 IV—1982 A ll in d u s tr ie s a g r ic u ltu r e N onA g r ic u ltu r e -0 .5 - .5 - 2 .4 2.2 4.5 - .3 - .1 2.4 - 7 .0 - .8 -6 .7 1.8 .0 .5 .9 2.5 1.5 1.7 .7 3.2 -4 .3 -2 .8 1.9 - .8 Nonagricultural self-employment has registered strong increases during the recovery part of the cycle since 1970. 15 MONTHLY LABOR REVIEW July 1984 • Self-Employed Workers in 1983 Tab le 1. E m ploym ent by m ajor industry group and class of w orker, 1 9 7 0 -8 3 Total Year A gricultural N onag ricultural S elfem ployed W ag e and salary Unpaid fam ily S elfem ployed W age and salary Unpaid fa m ily S elfem ployed W ag e and salary U npaid fa m ily 1970 1971 1972 1973 1974 .................................... .................................... ................................... .................................... .................................... 7,031 7,077 7,157 7,254 7,455 70,645 71,286 74,010 76,847 78,460 1,001 1,001 986 962 880 1,810 1,750 1,792 1,780 1,758 1,154 1,166 1,225 1,267 1,366 499 479 467 422 391 5,221 5,327 5,365 5,474 5,697 69,491 70,120 72,785 75,580 77,094 502 522 519 540 489 1975 1976 1977 1978 1979 .................................... .................................... .................................... .................................... .................................... 7,427 7,429 7,694 8,047 8,384 77,551 80,519 83,481 87,205 89,674 869 806 841 795 767 1,722 1,646 1,580 1,618 1,593 1,301 1,344 1,360 1,452 1,451 386 342 343 316 304 5,705 5,783 6,114 6,429 6,791 76,249 79,175 82,121 85,753 88,222 483 464 498 479 463 1980 1981 1982 1983 .................................... .................................... .................................... .................................... 8,642 8,735 8,898 9,140 89,950 91,006 89,967 91,075 711 656 661 616 1,642 1,638 1,636 1,565 1,425 1,464 1,505 1,579 297 266 261 240 7,000 7,097 7,262 7,575 88,525 89,543 88,462 89,500 413 390 401 376 During downturns, however, it has tended to stabilize or increase moderately after a decline. In effect, nonagricultural self-employment has come out of each of the cyclical downturns since 1970 somewhat earlier than its wage and salary counterpart. One possible reason for this may be the length and intensity of the recessions themselves (except for the 1980 downturn). When persons who are self-employed on their second job lose their primary wage and salary job due i n economic downturn, their self-employment, if continued, becomes their primary job. In addition, some people may enter self-employment upon the loss of a wage and salary job. Self-employment growth during the first full year of recovery from the 1981-82 recession was excep tionally large— 360,000, or 4 percent— when compared with other postwar recovery periods.8 Demographic characteristics Self-employed workers tend to be older than wage and salary workers. Whereas younger workers rarely have the financial and skill resources needed to start their own busi nesses, many older workers can marshal these resources either through their own efforts or through access to avail able credit. In addition, older workers who have retired from wage and salary jobs often become self-employed to sup plement their retirement income. Although the average age of self-employed persons has dropped in recent years, those age 45 and over continue to account for a large share (45 percent) of all self-employed workers. The downtrend in age distribution is more pro nounced among the self-employed than among wage and salary workers. The percentages of the total accounted for by each of three age groups are shown in the following: Self-employed: 16-24 ................... 25-44 ................... 45 and over .......... Wage and salary: 16-24 ................... 25-44 ................... 45 and over .......... 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1979 1983 Change 6.6 44.3 49.0 6.1 48.6 45.2 -0 .5 4.3 -3 .8 24.1 45.9 30.0 21.3 50.5 28.2 -2 .8 4.6 -1 .8 Blacks are considerably less likely than the population at large to be self-employed. While this was true in 1979, it was even more so in 1983, as the proportion of self-em ployed blacks dropped from 5.5 to 3.8 percent. At the same time, their number declined by more than 100,000, or 23 percent, while that of their wage and salary counterparts increased by 30 percent. Not only are there proportionately fewer black self-em ployed workers, but those who did operate their own busi nesses in 1983 were quite likely to be in sales, service, farming, and operator, fabricator and laborer occupations. White self-employed workers, in contrast, were more likely to be in managerial and professional and technical occu pations. In addition to being disproportionately older and white, 71 percent of the self-employed in 1983 were men, com pared with 55 percent of wage and salary workers. But the number of self-employed women has increased five times faster than the number of self-employed men, and more than three times as fast as wage and salary women. To the extent that the total female labor force is growing more rapidly than the male labor force, the increase in self-employed women is to be expected. Nevertheless, the continued in crease in the number of self-employed women may also Tab le 2. 1983 O ccupatio nal distribution by class of w orker, [In percent] S elf-e m p lo yed w orkers W ag e and salary w orkers Unpaid fa m ily w orkers Total ............................................ 100.0 100.0 100.0 Managerial and professional s p e c ia lity ......................................... Technical, sales, and administrative s u p p o r t............................................ S e rv ic e .................................................. 26.7 23.2 4.7 23.1 9.7 31.7 14.2 43.8 6.5 Precision production, craft, and repair ............................................... Operator, fabricator, and laborer . . Farming, forestry, and fishing . . . . 16.7 6.6 17.3 11.8 17.0 2.1 3.1 6.3 35.7 O ccupation N ote : Columns may not equal total because of rounding. indicate an expansion in the employment opportunities women are creating for themselves. Occupational and industry distribution As with wage and salary workers, the self-employed are widely distributed across occupations and, with two major exceptions, their distribution patterns are similar. (See table 2.) A much larger share of self-employed than wage and salary workers are in agriculture. This phenomenon traces its roots to the family farm. However, with the advent of large-scale corporate farming, the family farm and, with it, agricultural self-employment, began to decline. From 4.8 million workers in the fourth quarter of 1948, agricultural self-employment declined to 1.6 million in the fourth quarter of 1983. Nevertheless, agriculture accounted for more than 17 percent of all self-employed workers in 1983, compared with a little more than 2 percent of wage and salary em ployment. The managerial and professional specialty oc cupations accounted for more than a quarter of all selfemployed workers and was the largest single group among the major occupations. Physicians, dentists, chiropractors, lawyers, and accountants are included in this group. Technical, sales, and administrative support jobs were only a slightly smaller proportion of self-employment than the managerial and professional specialty occupations, but this proportion was substantially smaller than that of wage and salary workers in the same occupational group. Included in this group are many jobs not readily suited to self-em ployment, such as cashiers, receptionists, and bank tellers. Self-employment does constitute a lion’s share of several occupations. More than half of all dentists, veterinarians, optometrists, podiatrists, and other health diagnosing tech nicians, authors, painters and sculptors, auctioneers, street and door-to-door sales workers, barbers, child-care workers, and farm operators and managers were self-employed in 1983. Just as certain occupations lend themselves to self-em ployment, so do certain industries. More than half of the workers in dressmaking shops, shoe repair shops, barber shops, and lodging places other than hotels or motels were self-employed. Other industries with more than a quarter of their work force self-employed included: taxicab service, business management and consulting services, auto repair shops, and beauty shops. Clearly, the service-producing sector provides the bulk of the opportunities for self-employment outside of agri culture. Eighty percent of the self-employed had serviceproducing jobs, compared with 70 percent of wage-andsalary workers. While most of the self-employed in this sector had jobs in retail trade or services, this was due to the dominance of these two industries in terms of total employment. Only about 10 percent of the work force in both retail trade and services were self-employed, not much higher than the percent of total nonagricultural employment. Within the goods-producing sector, almost 20 percent of construction industry employment consisted of the self-em https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T able 3. N onagricultural self-em p loym ent by industry, selected years Industry N u m b er (in thousands) Percent 1 972 1 979 1 983 1 972 1979 1 983 5,365 6,791 7,578 100.0 100.0 100.0 1,003 13 746 244 1,513 22 1,152 339 1,558 29 1,158 371 18.7 .2 13.9 4.5 22.3 .3 17.0 5.0 20.6 .4 15.3 4.9 Service-producing . . . 4,362 Transportation, communication, and public utilities ................ 203 Wholesale trade . . . 213 Retail tr a d e .............. 1,475 Finance, insurance, and real estate . . 262 S e rv ic e s ................... 2,209 5,278 6,020 81.3 77.7 79.4 276 277 1,576 322 316 1,616 3.8 4.0 27.5 4.1 4.1 23.2 4.2 4.2 21.3 445 2,704 532 3,233 4.9 41.2 6.6 39.8 7.0 42.7 T o t a l................ Goods-producing . . . . M in in g ...................... Construction ........... Manufacturing . . . . ployed, compared with only 3 percent in mining and 2 percent in manufacturing. The need for extensive capitali zation is clearly a major deterrent for the latter two indus tries. Growth patterns in the two sectors were quite different over the 1979-83 period than in the prior 7 years, partly because of the impact of the 1980 and 1981-82 recessions on the goods sector. During the 1972-79 period, self-em ployment in the goods-producing sector grew twice as fast as in the service-producing sector, primarily because of rapid growth in the construction industry and slow growth among retailers. Over the 1979-83 period, employment growth continued to be slower than average among selfemployed retailers, but it picked up in the services industry. The latter industry alone provided two -thirds of the 197983 increase in the self-employed. Thus, during that period, both self-employment and employment in general grew faster in the service sector than in the goods-producing sector. (See table 3.) Hours and earnings Self-employment conjures up the image of an individual who works many hours each week to keep his or her business operating. And, indeed, almost a third of those working for themselves in nonagricultural jobs worked at least 49 hours a week in 1983. The workweek of the self-employed av eraged 40 hours, down nearly 2 hours from 1979. During the same period, the average workweek of wage and salary workers declined by one-half hour, to 38 hours. (See table 4.) Thus, there has been a narrowing in the gap in the workweek between the self-employed and other workers. Tab le 4. W eekly hours of w ork by m ajor industry group and class of w orker, 1 9 7 9 -8 3 Industry group and class 1 979 1980 1981 1 982 1983 C hange, 1 9 7 9 -8 3 Hours Percent Nonagricultural: Self-em ployed................... 41.9 Wage and s a la r y .............. 38.4 41.2 38.1 40.5 37.6 39.8 37.6 40.0 37.9 - 1 .9 -.5 - 4 .5 - 1 .3 Agricultural: Self-em ployed................... 51.4 Wage and s a la ry .............. 42.1 49.3 41.6 49.5 40.9 48.3 40.3 47.4 40.3 - 4 .0 - 1 .8 - 7 .8 - 4 .3 17 MONTHLY LABOR REVIEW July 1984 • Self-Employed Workers in 1983 Self-employed farmers put in more than 47 hours a week in 1983, down from more than 51 hours in 1979. Although they still worked more hours than their nonagricultural coun terparts, the same declining trend in hours is evident. Persons who work for themselves continue to earn less then their wage and salary counterparts. Despite a generally longer workweek, self-employed persons in 1982 earned, on average, only about 70 percent as much as wage and salary workers, that is $12,595 compared with $17,559.9 Nevertheless, there were a number of occupations— mostly professional— where self-employment was more remuner ative than wage and salary work. Included are managementrelated jobs such as accountants and auditors, records management analysts, buyers, and business promotion agents; and professional specialty occupations such as natural sci entists, health diagnosing, assessment, and treating, legal, and certain sales-related jobs. Partly because more than half of the women who work for themselves were in the relatively low-paying sales and service occupations, their median earnings of $6,644 in 1982 were substantially below those of self-employed men, who earned $14,360. (See table 5.) A sizable portion of self-employed men, about a third, were in the more lucrative management and professional specialty occupations or worked as finance and business sales representatives, also a highpaying occupation. Tab le 5. M edian e arnings o f year-round full-tim e w orkers in 1982, by o ccupation, class of w orker, and sex M en Occupation Total ......................................... Managerial and professional specialty ............................................ Technical, sales, and administrative support ................... S e rvice .................................................... Precision production, craft, and repair .............................. Operator, fabricator, and laborer ............................................... Farming, forestry, and fis h in g ........... W om en S elfem ployed W age and salary S elfem ployed W ag e and salary $14,360 $21,542 $6,644 $13,352 24,720 28,637 10,366 17,955 15,841 10,913 21,694 14,632 7,468 4,837 12,897 9,185 13,890 21,432 7,557 14,024 12,015 6,584 17,167 11,323 5,918 238 11,047 7,958 The 1982 mean earnings of self-employed men were also below those of wage and salary workers, a reversal of the situation in 1978. At that time, earnings of self-employed men were “ substantially skewed at the upper end of the earnings distribution,” bringing their mean earnings to a fairly high level.10 In 1982, however, more than half of all self-employed men had earnings below $15,000 a year, compared with only a fourth of wage and salary workers. At the upper end of the scale, a fifth of self-employed men had earnings above $30,000 a year, compared with a fourth of wage and salary men. FOOTNOTES 'This report primarily covers trends since 1979. as it updates T. Scott Fain, "Self-employed Americans: their number has increased." M o n th ly L a b o r R e v ie w , November 1980. pp. 3-8. It is based on data from the Current Population Survey, a monthly sample survey of about 60.000 households conducted for the Bureau of Labor Statistics by the Census Bureau. Self-employed persons are defined as those who work for profit or fees in their own business, profession, or trade, or operate a farm. 2The size of the nonagricultural self-employed class corresponds closely to—but by no means totally explains—the difference between two inde pendently derived estimates of nonagricultural employment. In 1983, the Current Population Survey (household survey) provided an estimate of 97.5 million nonagricultural workers, while the Current Employment Sta tistics (establishment survey) program produced an estimate of 90.0 mil lion. In addition to the coverage differences, the two surveys differ in terms of both concept and methodology. 2In 1967, it became possible to identify workers who had reported themselves in the Current Population Survey as self-employed but who had incorporated their businesses. Practically all of these workers were in the nonagricultural sector and their reclassification out of self-employment in 1967 is quite apparent in the trend line on chart 1. For a more complete discussion of the incorporated self-employed see Fain, "Self-employed Americans.” Also see Robert L. Stein, "New Definitions for Employment and Unemployment," E m p lo y m e n t a n d E a rn in g s a n d M o n th ly R e p o r t on th e L a b o r F o r c e , February 1967, pp. 3-27. 4For a report on unpaid family workers since 1950, see Patricia A Daly, "Unpaid family workers: long-term decline continues," M o n th ly L a b o r R e v ie w , October 1982, pp. 3-5. 18 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5For additional comments and tabulations on the May 1980 data, see Daniel E. Taylor and Edward S. Sekscenski, "Workers on long schedules, single and multiple jobholders,” M o n th ly L a b o r R e v ie w , May 1982, pp. 5152. hFor a quantification of the effect of moving the incorporated from the self-employment to the wage and salary classification see Stein, "New Definitions,” page 34. 7See John E. Bregger, "Self-employment in the United States, 1948— 62,” M o n th ly L a b o r R e v ie w , January 1963, pp. 37-43; and Robert N. Ray, "A report on self-employed Americans in 1973,” M o n th ly L a b o r R e v ie w , January 1975, pp. 49-54. 8The comparison refers to the 13-month period from November 1982, the trough of the most recent recession, through December 1983. Largely because of the unusually fast growth in self-employment, total employment grew faster than wage and salary employment (as measured by the survey of establishments) during the first year of recovery. 9These data are from the March 1983 supplement to the Current Pop ulation Survey and refer to 1982 median earnings for year-round full-time workers. These median earnings do not include income implicit to the selfemployed worker (and generally not available to the wage and salary worker) such as use of the business car for personal travel or the home as the place of work, or feeding or clothing the family from a store owner’s own stock or the farmer’s own fields. l()See Fain, "Self-employed Americans.” The situation is not exactly comparable, however, because Fain’s analysis is based on private wage and salary workers, whereas the earnings data in this report are for all wage and salary workers, including government employees. Sources of secular increases in the unemployment rate, 1969-82 Progressively higher rates o f joblessness suggest a strong structural component in today’s unemployment; the influx o f women and young workers was an importantfactor early in the study period, while later years show a decline in the employment picture for prime-age men M ichael Podgursky Since the late 1960’s, the unemployment rate at the peak of economic expansions as well as at recession troughs has tended to rise over time. Was this upward drift primarily a result of the inflationary price shocks and macroeconomic turbulence of the 1970’s, or were microeconomic labor mar ket forces at work as well? What role did the strains as sociated with the absorption of a rapidly growing, young, and inexperienced labor force play? And, finally, what con tribution did structural unemployment among adults make to this secular rise? The relative importance of these and other contributing forces are the subject of debate among economists and are clearly of considerable importance for economic policy.1 If, for example, the rising trend in the unemployment rate stemmed primarily from demographic factors, macroecon omic policy alone— if correctly administered— could re verse the trend in the coming decade as the labor force growth rate slows and the “ baby boom’’ generation ma tures. However, if structural unemployment among adults was a major contributor, macroeconomic policy alone will not produce unemployment rates comparable with those of the 1960’s— a rising economic tide will not raise all labor force boats. Michael Podgursky is an assistant professor of economics at the University of Massachusetts, Amherst. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This article examines in some detail the composition of peak-to-peak and trough-to-trough changes in the unem ployment rate over the 1969-82 period. A statistical profile of the labor force segments that nudged the unemployment rate progressively higher over this period can provide some insight as to the relative importance of demographic and other factors in generating the upward trend and help us interpret the labor market experience of the 1970’s.2 The first part of the article provides a brief discussion of cyclical and noncyclical components of unemployment. Subsequent parts examine demographic, occupational, in dustrial, and other sources of secular changes in the un employment rate using data from the Current Population Survey. A concluding part highlights the major trends in the composition of the unemployment rate changes and pro vides a tentative interpretation of the findings in light of the questions posed above. Cyclical vs. noncyclical unemployment Economists typically distinguish two broad components of aggregate unemployment— cyclical and noncyclical. Cy clical unemployment derives from fluctuations in aggregate demand and will decline in the course of an expansion. Noncyclical unemployment is considerably more tenacious, however, and persists even in the face of economic growth. There are two major sources of noncyclical unemploy ment. The first is frictional unemployment, which is of a 19 MONTHLY LABOR REVIEW July 1984 • Source o f Secular Increase in Unemployment transitory nature and results from voluntary job turnover and mobility into and out of labor markets. Of more concern from a policy viewpoint is structural unemployment, which arises from more fundamental skill or locational mismatches between supply and demand in the labor market, and is associated with prolonged periods of unemployment, sub employment, and withdrawal from the labor force.3 In practice, we cannot precisely estimate changes in these three types of unemployment between any two points in time. Nevertheless, it is possible to minimize the effect of cyclical factors by comparing the level and composition of unemployment during similar phases of business cycles, which is the approach employed in the following sections. Secular trends The secular rise in the unemployment rate is readily seen in table l .4 The unemployment rate at the trough of the 1969-70 recession averaged 5.8 percent of the labor force. It rose to 8.3 percent in the 1973-75 recession, dipped to 7.5 percent during the brief 1980 recession, and then climbed sharply to 10.6 percent during the 1981-82 downturn. The net increase over the 12-year period ended December 1982 thus totaled 4.8 percent of the labor force. A similar upward trend is apparent in expansion peaks. Starting from 3.6 percent of the labor force at the peak of the long 1961-69 expansion, the unemployment rate climbed by more than a percentage point in each of the next three expansions to reach 7.4 percent by third-quarter 1981. The net 12-year increase in the unemployment rate between the third quarters of 1969 and 1981 amounted to 3.8 percent of the labor force. Demographic factors Considerable attention has been devoted to demographic factors— in particular, the increased flow of youth and women into the labor force during the 1970’s— as a possible cause of the rising rate of unemployment. To examine the role of demographic shifts in the labor force, trough-to-trough and T ab le 1. A verage unem ploym ent rates at business cycle peaks and troughs, and peak-to -peak and trough-to-troug h changes, 1 9 6 9 -8 2 Peak q uarter 1969: 1973: 1979: 1981: III III IV III Change, 1969: 1981: U n em p lo y m ent rate .... ____ . ... ____ 3.6 4.8 6.0 7.4 III to III . . . P ercentag e-p o in t change, peak-topeak Trough q uarter 1.2 1.2 1.4 1970: 1975: 1980: 1982: 3.8 Change, 1970: 1982: IV . . . . I ........... III . . . . IV . . . . IV to IV . . . U n em ploy m ent rate 5.8 8.3 7.5 10.6' Percentag e-p o in t change, trough-totrough 2.5 - 0 .8 3.1 4.8 Labor Force Statistics Derived from the Current Population Survey: A Da tabook, Vol. II, Bulletin 2096 (Bureau of Labor Statistics, 1982); and Employment and Earnings, April 1983. S ource: 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis peak-to-peak breakdowns of sources of the rising unem ployment rate by age and sex are presented in table 2.5 The first column of the table shows the percentage-point change in the overall unemployment rate, and the remaining col umns, the percentage contribution of each demographic group to that change. For example, reading across the first row, we find that youth (ages 16 to 24) accounted for 43.1 per cent, or 1.1 percentage points, of the 2.5-percentage-point increase in the unemployment rate between the fourth quarter of 1970 and first quarter 1982. The table also shows the percent of the labor force accounted for by each of the demographic groups at the beginning and end of the 12year intervals under consideration. Youth have made a disproportionate and substantial con tribution to the secular increase in the rate of unemployment, but their contribution has declined over time. While young workers made up just 21.9 percent of the labor force in fourth-quarter 1970, they accounted for 43.1 percent of the increase in unemployment between the 1970 and 1975 troughs. If we skip over the brief 1980 recession and compare the 1973-75 and 1981—82 recessions, we find that the youth contribution drops to 16 percent. Overall, youth accounted for 29.2 percent of the trough-to-trough increase in the un employment rate over the 12-year period. The downward trend in the youth contribution stands out clearly in the peak-to-peak comparisons as well. While mak ing up just over one-fifth of the labor force, they accounted for 58.0 percent of the increase in unemployment between expansion peaks in 1969 and 1973. Their contribution fell sharply to 33.6 percent and 30.5 percent over the 1973-79 and 1979-81 peak-to-peak intervals. What explains the declining youth contribution? The youth component may be broken down into two parts, one re flecting a rising unemployment rate among youth, and a second stemming from changes in youth’s share of the total labor force. Such a decomposition is presented in table 3. The first column of this table shows the total contribution of youth to the change in the unemployment rate. The next two columns decompose this contribution into a part due to rising unemployment among youth, and part due to changing weight of youth in the labor force. A positive value in the “ Weight” column means that the youth labor force was growing faster than the total labor force; hence, its share of the labor force was rising. A negative term indicates a slower relative rate of growth. A comparison of the second and third columns of table 3 clearly shows that the negative trend in the youth contri bution to the overall unemployment rate is attributable to changes in the rate of growth in the number of young work ers relative to increase in the adult labor force. Comparing the 1969-70 and 1973-75 recessions, we find that the rising youth share of the labor force by itself accounted for 30.9 percent of the increase in the unemployment rate. Between 1975 and 1982, however, the youth share component was —12.9 percent, meaning that a declining youth share of the Table 2. D em ographic sources of the rising unem ploym ent rate, 1 9 6 9 -8 2 Percent contribution of group to change in u n em ploym ent rate— point change in the unem ploym ent rate Period Age 16 to 24 Age 25 to 54 Age 55 to 64 Total Age 65 and over Both sexes M en W om en M en W om en Both sexes 100.0 100.0 100.0 100.0 100.0 100.0 100.0 43.1 21.9 65.0 24.3 16.0 29.2 22.1 27.6 38.7 -3 0 .1 41.8 56.7 42.4 36.7 24.6 22.0 26.9 16.2 23.6 24.1 27.5 1.3 8.5 11.8 7.0 4.6 3.0 6.5 3.2 '5.1 16.6 3.0 .2 1.7 4.4 0.2 3.8 9.8 7.7 -1 .1 - 0 .5 2.7 100 0 100.0 100.0 100.0 100.0 100.0 58 0 21.0 33.6 30.5 40.3 23.0 ?n 7 39.3 36.8 40.5 33.0 36.4 16 3 21.9 31.2 23.1 23.3 26.8 22 8.7 .3 3.8 2.6 6.6 5'2 .9 2.4 1.5 4.4 4.0 - 2 .2 - 0 .5 - 0 .2 2.8 Trough-to-trough 1970: IV to 1975: I .............................................. Percent of 1970 IV labor force ..................... 1975: I to 1980: I l l .............................................. 1980: III to 1982 I V ........................................... 1975: I to 1982: I V .............................................. 1970: IV to 1982: I V ........................................... Percent of 1982 IV labor force ...................... 2.5 — - 0 .8 3.1 2.3 4.8 — P eak -to -p eak 1969: III to Percent of 1973: III to 1979: IV to 1969: III to Percent of N ote: 1973 1969 1979 1981 1981 1981 I l l ........................................... Ill labor force ...................... I V ........................................... I l l ........................................... I l l ........................................... Ill labor force ..................... 12 1.2 1.4 3.8 — Due to rounding, sums of individual items may not equal totals. Seasonally adjusted labor force data are from L a b o r Force Statistics-, and E m p lo y m e n t a n d E arn ing s, April 1983. Certain fourth-quarter 1982 labor force data were provided by the Office of Employment and Unemployment Statistics. Bureau of Labor Statistics. Source: labor force was acting to lower the overall unemployment rate. The downward trend in the youth weight component also stands out clearly in the peak-to-peak comparisons in the lower portion of the table. The rising youth labor force weight accounted for 19.9 percent of the increase in the unemployment rate between the 1969 and 1973 peaks. The weight contribution fell to 1.6 percent over the 1973-79 interval, and became negative ( - 8 .8 percent) during the final 1979-81 period. Throughout the 1970’s and early 1980’s, however, the unemployment rate among youth was increasing sharply, thus producing the large positive effects shown in the second column of table 3. When added to the youth weight effects, these intragroup effects were sufficiently large to produce the positive net youth contributions shown in the first col Table 3. C ontribution of youth to rising noncyclical unem ploym ent, 1 9 6 9 -8 2 Percent contribution— Total Due to rising youth unem ploym ent Due to changing youth labor force w eight 43.1 65.0 24.3 16.0 29.2 12.2 46.6 31.4 28.9 28.6 30.9 18.4 -7 .1 -1 2 .9 .6 58.0 33.6 30.5 40.3 38.1 32.0 39.3 35.9 19.9 1.6 - 8 .8 4.5 Period Trough-to-trough 1970 1975 1980 1975 1970 IV to 1975: I ...................... I to 1980: I I I ...................... Ill to 1982: I V ................... I to 1982: I V ...................... IV to 1982: I V ................... 1969 1973 1979 1969 III to Ill to IV to Ill to P eak -to-peak 1973: 1979: 1981: 1981: I I I ................... I V ................... I I I ................... I I I ................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis umn, even when the youth weight components were neg ative. If the secular rise in the unemployment rate in the early 1970’s was primarily a youth unemployment problem, by the late 1970’s and early 1980’s it was increasingly a primeage male problem. Prime-age men and women (ages 2554) accounted for 27.6 percent and 24.6 percent, respec tively, of the increase in the unemployment rate between 1970 and 1975, with workers over the age of 55 contributing the remaining 4.7 percent. While the contribution of primeage women remained relatively stable between 1975 and 1982, the prime-age male contribution rose sharply. Al though prime-age men made up just 36.7 percent of the 1982 labor force, they had accounted for 56.7 percent of the increase in the unemployment rate between 1975 and 1982. Peak-to-peak comparisons also show a rising contribution by prime-age men. Their share of the unemployment rate increase grew from 20.7 percent over the 1969-73 interval to 36.8 percent and 40.5 percent during the 1973-79 and 1979-81 peak-to-peak intervals. In sum, the demographic sources of the secular rise in the unemployment rate have not been constant. Youth made the largest and most disproportionate contribution in the early 1970’s. As the surge of young entrants into the labor force abated in the late 1970’s and early 1980’s, however, the youth contribution declined sharply. Prime-age women have made a substantial but not disproportionate contribu tion to the increase, and while their share of the labor force rose, their contribution to the rising rate of unemployment did not. The decline in the youth contribution was matched by an equally sharp rise in the contribution of prime-age 21 MONTHLY LABOR REVIEW July 1984 • Source o f Secular Increase in Unemployment Tab le 4. C hange in the unem ploym ent rate by reason for unem ploym ent, 1 9 6 9 -8 2 ____________________ Percent contribution b y Percentagepoint change in the unem New Job ReJob Total ploym ent losers leavers entrants entrants rate Period Trough-to-trough 1970 1975 1980 1975 1970 IV to 1975: I . . . . I to 1980: I l l ____ III to 1982: IV . . . I to 1982: I V ____ IV to 1982: IV . . . 2.5 - 0 .8 3.1 2.3 4.8 100.0 100.0 100.0 100.0 100.0 72.5 63.1 79.8 82.3 77.8 5.6 1.1 - 3 .7 - 4 .4 .2 14.5 36.4 14.1 10.8 12.5 7.4 - 0 .6 9.7 11.3 9.5 1.2 1.2 1.4 3.8 100.0 100.0 100 0 100.0 50.7 71.6 77.6 67.2 15.4 4.9 1.9 7.1 21.4 17.5 13.0 17.1 12.3 6.0 7.6 8.6 P eak -to -p eak 1969 1973 1979 1969 N ote: III III IV III to to to to 1973: 1979: 1981: 1981: Ill IV Ill Ill ... ... ... ... Due to rounding, sums of individual items may not equal totals. men, who, by the late 1970’s, had replaced young workers as the most important factor in secular growth in the un employment rate. Reasons for unemployment How did workers contributing to the 12-year rise in the unemployment rate become unemployed? The Bureau of Labor Statistics classifies unemployed workers according to four mutually exclusive categories: job losers; job leavers; new entrants; and reentrants. This allows us to decompose the secular rise in the unemployment rate by reasons for unemployment, and in so doing, gauge the importance of involuntary job loss in explaining the upward trend. Table 4 is similar to table 2, except that changes in the unemployment rate are decomposed by reason for unem ployment rather than by demographic characteristics. Both the peak-to-peak and trough-to-trough measures suggest that Tab le 5. the preponderant reason for the rising unemployment rate was involuntary job loss. Job losers accounted for 77.8 percent of the increase in the unemployment rate between the 1970 and 1982 recession troughs, and 67.2 percent of the increase between the 1969 and 1981 expansion peaks. Involuntary job loss has also tended to increase in im portance over time. Job losers accounted for 72.5 percent of the increase in the unemployment rate between the 1970 and 1975 recession troughs. However, their share increased to 82.3 percent between 1975 and 1982. An upward trend also emerges in peak-to-peak comparisons. Job losers ac counted for 50.7 percent of the increase in the unemploy ment rate between the 1969 and 1973 peaks, but this proportion rose to 71.6 percent and 77.6 percent, respectively, over the 1973-79 and 1979-81 peak-to-peak intervals. Voluntary job leavers, by contrast, have played a small and declining role in the secular rise in the unemployment rate. Job leavers accounted for 5.6 percent of the increase in the unemployment rate between 1970 and 1975, but made a negative contribution ( - 4 . 4 percent) to the change be tween the 1975 and 1982 recession troughs.6 The contri bution of voluntary job leavers to peak-to-peak increases in the unemployment rate is somewhat larger, but the negative trend is even more pronounced. Job leavers accounted for 15.4 percent of the increase between the 1969 and 1973 peaks, but only 1.9 percent of the increase from 1979 to 1981. Reentrants and new entrants, many of whom are youth and women, have made a notable contribution to the changes in the unemployment rate. Reentrants and new entrants ac counted for 14.5 percent and 7.4 percent, respectively, of the increase in the unemployment rate between the 1970 and 1975 troughs. The reentrants’ share fell slightly to 10.8 percent over the 1975-82 interval, while the new entrant share rose to 11.3 percent. The combined contribution of O ccupational sources of the rising unem ploym ent rate, 1 9 6 9 -8 2 Period Percentagepoint change in unem ploym ent rate Percent contribution by— W h ite -c o lla r B lu e-c o llar Total P rofessional M an a g erial Sales C lerical Total 2.5 — - 0 .8 3.1 2.3 4.8 — 22.5 47.3 38.3 28.6 26.0 24.5 51.3 4.0 13.7 6.4 6.7 6.7 5.4 16.0 5.0 10.2 2.3 5.2 5.8 5.5 11.0 2.6 6.2 15.6 4.6 1.9 2.3 6.4 10.9 17.2 14.0 12.1 11.6 11.3 17.9 50.8 35.7 40.9 42.8 43.3 47.0 31.0 17.1 12.8 5.6 15.2 17.6 17.3 12.3 1.2 — 1.2 1.4 3.8 — 30.6 46.6 23.8 28.4 27.6 50.7 8.4 13.4 6.7 3.7 6.1 15.6 3.5 9.9 7.3 5.4 5.3 10.9 4.5 6.0 .4 4.7 3.3 6.2 14.2 17.3 9.4 14.6 12.9 18.0 43.6 36.5 48.4 44.7 45.5 27.6 20.3 12.9 11.2 19.1 17.3 12.6 C raftw orkers O peratives Service Laborers Total 23.6 17.9 31.5 19.6 16.7 20.2 13.6 10.1 5.0 3.8 8.0 9.0 9.5 5.1 14.7 12.5 24.9 21.1 20.1 17.4 14.0 14.1 18.8 24.5 18.0 18.6 14.5 9.2 4.8 12.7 7.6 9.6 5.0 17.3 12.3 14.7 17.2 16.5 13.5 Trough-to-trough 1970: IV to 1975: I ................................. Percent of 1970 IV labor f o r c e ........... 1975: I to 1980: Ill ................................. 1980: III to 1982: IV .............................. 1975: I to 1982: IV ................................. 1970: IV to 1982: IV .............................. Percent of 1982 IV labor f o r c e ........... Pea k-to-peak 1969: III to Percent of 1973: III to 1979: IV to 1969: III to Percent of 1973 1969 1979 1981 1981 1981 III .............................. Ill labor f o r c e ........... IV .............................. Ill .............................. Ill .............................. Ill labor force N ote: The sum of white-collar, blue-collar, and service contributions represents the contribution of e x p erie nc ed civilian workers to the percentage-point change in the unemployment rate and is therefore less than 100 percent, the difference being the contribution of unemployed workers lacking civilian work experience. 22 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tab le 6. In d u strial sources of the rising unem ploym ent rate, 1 9 6 9 -8 2 Perio d P erc entagepoint change in the unem ploym ent rate Percent contribution by— A griculture Construction 0.9 1.5 10.8 4.7 0.8 .6 28.2 25.6 M ining M anu facturing Transportation and public u tilitie s R etail trade Finance and services G overnm ent 19.3 16.8 13.4 19.3 8.1 15.5 T ro ug h-to-trough 1970: IV to 1975: Percent of 1970: I ................................. IV labor force . . . . 1975 1 to 1980: I I I ................................. 2.5 — - 0 .8 - 3 .2 2.0 - 5 .5 77.6 .1 19.0 5.1 - 9 .4 1980 Ill to 1982: I V .............................. 3.1 2.7 9.0 3.7 29.8 4.0 20.5 18.4 3.0 1975 I to 1982: I V ................................. 2.3 4.1 10.7 5.9 18.1 5.0 20.9 21.6 I V .............................. IV labor force . . . . 4.8 — 2.5 1.7 10.7 4.7 3.3 1.0 23.2 20.2 4.5 5.2 20.1 18.9 17.5 23.8 6.0 71 14.7 - 0 .2 1.5 13.1 4.6 .2 .6 12.6 26.8 2.7 5.6 28.9 16.1 17.6 18.9 12 1 15.1 5.0 7.7 2.3 28.5 6.5 11.4 18.0 13.4 1.4 15.9 1.6 16.9 .8 2.0 1.5 12.5 4.8 1.3 1.1 19.1 21.3 3.1 5.3 23.8 21.7 18.5 19.5 18.4 22.7 10 5 15.0 1970 IV to 1982: Percent of 1982: • 4.0 5,5 P eak -to -p e a k 1969 III to 1973: Percent of 1969: 1973 Ill to 1979: 1979 IV to 1981: I I I .............................. III labor force ........... I I I .............................. 1.2 — 1.2 1.4 1969 Ill to 1981: Percent of 1981: I I I .............................. III labor force . . . . 3.8 — . Note: I V .............................. 6.6 Because data are for experienced private wage and salary workers only, industry detail does not sum to 100 percent. the two groups, however, remained fairly stable. Thus, involuntary job loss has been the major source of the secular rise in the rate of unemployment. Moreover, it has tended to increase in importance over time. New entrants and reentrants have also played an important role, with a combined contribution of 20 to 30 percent, while voluntary job turnover has played a very small and declining role. Occupation and industry To what extent is the secular increase in the unemploy ment rate associated with particular occupations or indus tries? In table 5, the increase in the unemployment rate is decomposed by broad occupational classes. White-collar workers, who made up 51.3 percent of the labor force in fourth-quarter 1982, accounted for 24.5 percent of the in crease in the unemployment rate between the 1970 and 1982 recession troughs. Service workers were 14.0 percent of the 1982 labor force, but accounted for a slightly larger 17.4 percent of the increase in the unemployment rate. The group bearing the largest and most disproportionate share of the increased rate of unemployment, however, was blue-collar workers. By fourth-quarter 1982, their share of the labor force had declined to 31.0 percent, but they accounted for 47.0 percent of the increase in the unemployment rate over the 12-year interval. Broadly similar results obtain in examining peak-to-peak changes in the unemployment rate. White-collar workers made up a slightly larger 27.6 percent of the increase in the rate between the third quarters of 1969 and 1981. The bluecollar and service contributions were slightly smaller— 45.5 and 16.5 percent, respectively. An industrial decomposition of the changing unemploy ment rate is presented in table 6. Workers in mining, man https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ufacturing, and construction together accounted for 25.9 percent of the labor force in fourth-quarter 1982, but con tributed 37.2 percent of the 12-year increase in the unem ployment rate. Those in retail trade, finance, and services made up 42.7 percent of the 1982 labor force, and 37.6 percent of the secular change in the unemployment rate. Government workers accounted for 14.7 and 7.1 percent of the labor force and the change in the unemployment rate, respectively. Peak-to-peak comparisons yield broadly similar results. Over the 12-year interval from third-quarter 1969 to thirdquarter 1981, mining, manufacturing, and construction ac counted for a somewhat smaller 32.9 percent of the increase in the unemployment rate. The contribution of retail trade, finance, and services was also slightly less (40.1 percent), while government’s share remained virtually unchanged at 15.0 percent. The duration of unemployment To what extent is the secular increase in the rate of un employment associated with long-term unemployment? Has there been a substantial increase in “ hard-core” long-term unemployment, or does the higher unemployment rate sim ply result from a greater frequency of short spells of un employment? A secular rise in the unemployment rate generated by unemployment spells of progressively longer duration may, for example, signal increasing structural un employment problems in the labor market. The average unemployment rate in any quarter is the product of: a) the percent of the labor force experiencing a spell of unemployment (/); b) the average number of spells per unemployed worker (¿v); and c) the average duration of an unemployment spell in weeks as a fraction of a quarter 23 MONTHLY LABOR REVIEW July 1984 • Source o f Secular Increase in Unemployment T ab le 7. The contrib ution o f unem ploym ent duration to th e rising un em p lo ym en t rate, 1 9 6 9 -8 2 U nem p lo ym en t rate Period U n em ploym ent duration R ate Index M e a n w eeks Index 5.8 8.3 7.5 10.6 4.8 100 143 129 183 83 9.3 16.2 13.4 17.5 8.2 100 174 144 188 88 3.6 4.8 6.0 7.4 3.8 100 133 167 206 106 7.9 9.6 10.6 14.0 6.1 100 122 134 177 77 Trough q uarter 1 97 0 : I V ......................................... 1975: I ............................................ 1980: I I I ......................................... 1982: I V ......................................... Change, 1970: IV to 1982: IV P eak qu arte r 1969: I I I ......................................... 1973: I I I ......................................... 1979: I V ......................................... 1981: I I I ......................................... Change, 1969: III to 1981: III average duration of unemployment increased by 88 percent, from 9.3 to 17.5 weeks. Thus, extended unemployment duration would seem to account for the entire increase in the unemployment rate over the period. Over the peak-topeak interval from 1969 to 1981, the unemployment rate and duration rose by 106 percent and 77 percent, respec tively. Extended duration thus accounted for approximately 70 percent of the peak-to-peak increase in the unemployment rate. The evidence in table 7 suggests that the secular increase in the unemployment rate is not due to a larger fraction of the labor force experiencing relatively brief spells of un employment, but rather to a relatively stable fraction of the labor force experiencing substantially longer periods of un employment. year (Dll3): (1) W hat does this statistical portrait tell us about the rising u = i n (d/13) Taking the natural log of both sides of equation (1) and differentiating with respect to time yields: ( 2) u = i + n + D where the dotted variables denote proportionate rates of change. Thus, the proportionate contribution of duration to a change in the unemployment rate is (blu).7 Unfortunately, data are not available on the average du ration of a completed spell of unemployment. However, there are estimates of the average duration of unemployment among workers who are currently unemployed— that is, the average duration of an unemployment spell in progress. There is considerable debate as to whether the latter statistic overstates or understates the average duration of a completed unemployment spell.8 For our purposes, however, the di rection of a bias is irrelevant, so long as the bias remained a relatively stable fraction of the true value during the last 12 years. If this is the case, then proportionate increases in the duration of unemployment in progress imply equivalent increases in the duration of completed unemployment spells. Table 7 presents proportionate changes in the unemploy ment rate and the duration of unemployment. Over the 12 years between the 1970 and 1982 troughs, the unemploy ment rate rose by 83 percent. Over the same interval, the unemployment rate? Clearly, frictional, and perhaps struc tural, factors associated with the increased flow of youth and women into the labor force during the study period did contribute to the higher unemployment rate. Youth ac counted for a large and disproportionate share of the increase in the unemployment rate at the beginning of the period, while new entrants and reentrants to the labor force made a steady contribution of 20 to 30 percent in peak-to-peak and trough-to-trough increases in the unemployment rate. The large contribution of prime-age men, blue-collar workers, and job losers, as well as the sharp increase in the duration of unemployment, suggest that rising structural unemployment in traditional segments of the labor force may also have played a significant role. This composition of rising unemployment is also consistent with higher cy clical unemployment, however, if aggregate demand be came progressively more slack between peaks and between troughs over the study period. The across-the-board indus trial and occupational contributions to the rising unemploy ment rate certainly suggest a slackening of aggregate demand. But whatever the exact mix of structural and cyclical factors, the secular rise in the unemployment rate since 1969 seems to have been generated by more than just labor market adjustment problems associated with a rapidly growing labor force. n FOOTNOTES 1Recent studies which have examined the unemployment experience during the 1970*s include: Martin Neil Baily, ed., W o r k e r s , J o b s a n d I n fla tio n (Washington, The Brookings Institution, 1982); James L. Medoff, “ Imbalance, Wage Growth and Productivity in the 1970’s,” B ro o k in g s P a p e r s o n E c o n o m ic A c tiv ity , vol. 1, 1983, pp. 87-128; David M. Lilien, “ Sectoral Shifts and Cyclical Unemployment,” J o u r n a l o f P o l itic a l E c o n o m y , August 1982, pp. 777-93; and Robert W. Bednarzik, “ Layoffs and permanent job loss: workers’ traits and cyclical patterns,” M o n th ly L a b o r R e v ie w , September 1983, pp. 3-12. 2Because the focus of this article is on changes in the structure of unemployment during the 1970’s and early 1980’s, the period of analysis begins with the expansion peak in the third quarter of 1969. It might be argued, however, that the unemployment rate in the late 1960’s was ar 24 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tificially low due to the Vietnam War. As is shown below, the secular upward trend in the unemployment rate remains whether one begins with the 1969 or 1973 peak, or the 1970 trough. In any event, the long interval between 1969 and 1982 will be broken into peak-to-peak and trough-totrough subintervals, thus providing a moving benchmark for the analysis. 3 A third source of noncyclical unemployment is seasonal unemploy ment, which, as the name suggests, is associated with regular seasonal labor market adjustments. Examples include youth entry into the labor force in May and withdrawal in August, and winter layoffs in construction. Because this study uses only seasonally adjusted labor force data, the effect of such factors has been minimized. 4In this article, the term “secular” rather than “ noncyclical” is used to denote peak-to-peak or trough-to-trough changes in the unemployment rate because it is possible that such changes include a cyclical component, if the state of aggregate demand differs from one peak or trough to another. 5In computing the sources of rising unemployment, the following iden tity was used: (u2-u ,) = S0i2(ui2—u;i) + 2uu(ei2—Oi,) where 0, and u, denote the labor force weight and unemployment rate of the f'th group. The proportionate contribution of the /th group to the change in the unemployment rate is: e i2(u i2- u , i ) + Uji(ei2— 0j|) (u2 U|) (u2—UI) The first term is the effect of a changing intragroup unemployment rate, and the second term, the effect of shifting labor force weights. 6A negative contribution implies that unemployed job leavers as a per cent of the labor force fell between the 1973-75 and 1981-82 recessions. In fact, the absolute number of voluntary job leavers fell over this period— from 902,000 (1975) to 808.000 (1982). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7Equation (1) is best understood by considering a simple example. Sup pose the average unemployment rate in a quarter is 10 percent and the labor force is 100 million. This means there are 130 million weeks of unemployment to be distributed among the labor force. If 10 percent of the labor force experiences one spell of unemployment during the quarter, then the average duration of the spell must be 13 weeks. If 20 percent of the population experiences one spell, the average duration must be 6.5 weeks. For further discussion, see Richard B. Freeman, L a b o r E c o n o m ic s, 2nd Ed. (Englewood Cliffs, New Jersey, Prentice-Hall, 1979), pp. 112— 14. 8Because every unemployed worker’s c o m p le te d duration of unemploy ment will at least be as long as his or her in - p r o g r e s s duration at the time of the Current Population Survey interview, average in-progress duration will u n d e r e s tim a te average completed duration. On the other hand, the tendency to “oversample” long-term unemployed will impart a bias in the opposite direction. For example, over the course of a year, a worker unemployed for 6 months will be six times as likely to be sampled as a worker unemployed for 1 month. A lively literature has developed around these matters, much of which is cited in Norman Bowers. "Probing the issues of unemployment duration,” M o n th ly L a b o r R e v ie w , July 1980, pp. 23-32. Geoffrey Moore wins Shiskin Award The fifth annual Julius Shiskin Award for Economic Statistics was presented June 12, 1984 to Dr. Geoffrey H. Moore “ for his research in measurement and analysis of business cycles.” The award was presented at the Washington Statistical Society Annual Dinner along with an honorarium of $250. The Award Program is designed to honor unusually original and important contributions in the development of economic statistics or in the use of economic statistics in interpreting the economy. Participating organizations in the program are the Bureau of Labor Statistics, Bureau of Census, Bureau of Economic Analysis, Office of Federal Statistical Policy and Standards, National Bureau of Economic Research, National Association of Business Economists, and the Washington Statistical Society, all of which Mr. Shiskin was associated with in his long and fruitful career. Previous winners of the Award were Estella Dagum of Statistics Canada, James Bonnen for his work chairing the President’s Reorganization Project for the Federal Statistical System, Edward Denison for his work at the Bureau of Economic Analysis and the Brookings Institution, and Beatrice Vaccara for her contributions at the Bureau of Industrial Economics. 25 Modeling the retirement process for policy evaluation and research A sizable minority of men who retire continue to work part time, although the duration o f partial retirement tends to be brief; a small number actually increase hours o f work after a period o f retirement or semiretirement when personal or economic circumstances change A lan L. Gustman and T homas L. Steinmeier The economics literature has generally conceived of the retirement process as a one-way flow from an “ in the labor force” status to a “ not in the labor force” status. However, evidence from recent studies suggests that the retirement transition is much more complex, involving both major flows from full-time work to full retirement, either directly or indirectly through partial retirement, and much smaller flows in the opposite direction. Information about these flows provides a richer description of the retirement process. It may also help in establishing values for parameters which are important to the retirement decision and, thereby, in understanding the nature of that decision. This article presents an analytical framework for inves tigating transitions of white men among full-time work, partial retirement, and full retirement. Of special importance are flows to partial retirement, which usually are associated with a reduction in wage rates and frequently entail a change in employers as well. Various descriptive statistics related to the retirement process, including probabilities of older workers being in particular labor force states at given ages, transition rates among the various states, and continuation Alan L. Gustman is professor of economics at Dartmouth College and a research associate at the National Bureau of Economic Research, Cam bridge, Mass. Thomas L. Steinmeier is an associate professor of economics at Texas Tech University and a research economist at the National Bureau of Economic Research. 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis rates in the states, also are examined. A final section dis cusses implications of the descriptive statistics for the es timation of retirement models. The analytical framework The framework for this analysis reflects a number of relevant findings presented in our previous work. One such finding is that partial retirement is indeed a widespread phenomenon.1 Between the ages of 65 and 69, partial re tirement is as common as continued full-time work.2 More than one-third of the older white men who were not selfemployed in the Social Security Administration’s Retire ment History Survey indicated that, during at least 1 of the 4 sample years between 1969 and 1975, they were partially retired.3 Moreover, the probability of partial retirement re mained high even for those who were in good health, did not face mandatory retirement, and were not covered by a pension. A second important finding is that partially retired work ers had significantly lower wage rates than comparable full time workers.4 These lower wage rates may come about for at least two reasons. First, surveys of both workers and firms indicate that, in a majority of jobs, an individual is not permitted to cut back from full-time to part-time work.5 Under such circumstances, if an older worker wishes to reduce his work effort below full time, he must quit his main job and find one that does permit part-time work, usually at a lower wage rate. In some cases, the worker can reduce his hours of work without changing jobs, albeit at a reduction in the wage. As would be expected, the relatively small fraction of individuals who are free to reduce hours of work on their main job are overrepresented among those who do partially retire.6 These findings may be incorporated into a formal lifecycle model as follows. An individual is presumed to choose a time path for consumption and labor supply so as to max imize lifetime utility: 0) U = ST 0 u[C(t), L(t), t; 0 ] dt where C(t) is consumption at time t, L(t) is leisure at time t, and (3 is a vector of parameters that determine the nature of the utility function u at any time t. The maximization of the utility function is subject to the lifetime budget con straint:7 (2) fT 0 d(t) {WN[HN(t), t] + WP (HP(t), t]} dt + A„ = f g d(t) C(t) dt where d(t) is the discount factor to time t\ WN[HN(t), f] is the total compensation, including changes in pension and social security asset values, from working HN(t) in the non retirement job; Wp[HP(t), t] is the corresponding compen sation for H P(t) hours in the partial retirement job; and A0 is the discounted value of the individual’s exogenous assets.8 Further constraints limit the potential quantities of labor supply and relate labor supply to leisure: (3) HN(t) [hN — HN(t)] = 0 (4) 0 < HP(t) < hN (5) HN(t) HP(t) = 0 (6) L(t) = 1 - HN(t) - HP(t) > 0 The first constraint specifies that the individual must work either full time (where full-time work is a fraction, hN, of available time) or not at all in the nonretirement job, while the second specifies that the labor supplied to the partial retirement job can range between none and full time.9 The third constraint specifies that the individual cannot work at both jobs simultaneously, and the last constraint defines leisure as the time not supplied as labor. Within the context of this model, the paths of wages in the two types of jobs (that is, tenure dependence) will induce bunching of hours. Most people will spend the first part of their working lives in nonretirement jobs, where the wage rate is higher than in partial retirement jobs. With increasing age, however, the individual’s utility function is likely to change in such a manner that full-time work generates in creasing disutility to the point that he will quit the non retirement job. Some people will find it advantageous to https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis spend additional years in part-time employment, albeit at a lower wage rate, while others will elect to bypass the stage of partial retirement entirely and move directly to full re tirement. Even for those who partially retire, the withinperiod utility function will continue to shift over time to make work increasingly onerous, so that these people, too, will eventually wish to retire fully. Hence, the sequence that we expect to find most often is nonretirement, possibly followed by partial retirement, followed by full retirement. It is possible that some people will find it desirable or necessary to move in the reverse direction from the sequence indicated above. That is, they may work in a partial retire ment job after being fully retired, or they may take a non retirement job after being partially or fully retired. Such “ reverse” flows may be generated by very substantial jumps in wage rates in an individual’s later years, but this is not a very persuasive reason for many such flows. A more plausible explanation involves unexpected changes in a per son’s economic or social circumstances that induce him to change his mind and return to work for a period during which he had anticipated being partially or fully retired. For example, an individual might suffer large losses in the fi nancial markets, and subsequently find he has fewer assets than anticipated. His spouse might suffer from a serious illness or injury which increases the household’s need for income. Alternatively, he may retire and then find that he does not enjoy his new status. Any of these circumstances could lead the individual to recalculate the optimal path of labor supply over his remaining lifetime, causing him to move in the reverse direction from the typical nonretirementto-retirement sequence. Descriptive statistics on retirement flows Statistical evidence bearing on the magnitudes of the labor force flows associated with the model described above is available from the Retirement History Survey. Survey data used in this study pertain only to white men who had not been self-employed before retirement, for the years 1969, 1971, 1973, and 1975. Respondents included in the sample were 58 to 63 years old in 1969. So that a meaningful number of observations could be obtained for each cell, some of the tables in this article do not distinguish among different cohorts in survey years. In such cases, the entry for a particular cell mixes observations at different points in time and for different cohorts. There are two problems with this procedure which the reader should bear in mind. First, the unemployment rate differed widely among the four survey years, ranging from 3.5 percent in 1969 to 8.5 percent in 1975. Second, there have been down ward trends in male labor force participation rates— since 1900 for those over 65, and since the late 1960’s for those 55 to 6 4 .10 These trends could possibly be caused by secular changes in many of the explanatory variables included in the life-cycle model we describe, but might also reflect true cohort effects. When the observations are pooled, these 27 MONTHLY LABOR REVIEW July 1984 • Modeling the Retirement Process differences are either hidden or, where the focus is on cal endar age, may be correlated to some extent with the age variable. State probabilities. First, the simple percentages of the sample who were not retired, were partially retired, or were fully retired were examined. Table 1 presents these per centages by survey year and by age of the respondent.11 Three aspects of this table are particularly noteworthy. First, departure from the nonretirement state is indeed pervasive between the ages of 58 and 68. The percentage of individuals reporting in a particular survey that they were not retired at all falls from 85 percent to 8 percent during this 10-year span. This is accompanied by a very large increase in the fraction of the sample who were fully retired, and a smaller rise in the portion who were partially retired. Second, among those who worked at all, partial retire ment was more common than nonretirement for individuals past the age of 65. For the 5-year span beginning at age 65 and ending at age 69, the fraction of individuals who were partially retired holds fairly steady between 15 and 20 per cent. During the same period, nonretirement falls from around 20 percent to a little more than 5 percent. These figures again suggest that partial retirement is an important phe nomenon, particularly in the older age ranges. Finally, there appear to be unmistakable trends in the proportions of the men not retired and fully retired. Between 1969 and 1973, the percentage of 62- and 63-year-olds not retired dropped by 8 to 9 percentage points, and similar declines are observed for 64- and 65-year-olds between 1971 and 1975. The figures for full retirement display an equally large change in the opposite direction. What is not clear from the table is whether there are similarly strong changes for men under 62 or over 65, for whom the 1969-75 Re tirement History Survey includes data from at most two adjacent surveys. These data give some hint of such changes for those cohorts, but they do not appear to be as strong as for the 62- to 65-year-old group. Transition rates among retirement states. Table 2 presents the entry and exit rates among the various retirement states.12 T able 1. The top panel of the table indicates entry rates from specific states 2 years earlier. For example, of the people who were partially retired, 44.1 percent had been not retired 2 years earlier, 40.0 percent had been partially retired, and so on. Note that the rows of this panel sum to 1. The bottom panel of the table conveys the same kind of information on exit rates to specific states 2 years later. For instance, of the people who were not retired as of a particular survey, 10.5 percent were partially retired by the next survey, and 26.8 percent were fully retired. The columns of the bottom panel sum to 1. Three features of this table are of particular interest. First, consider the exit rates from nonretirement. About 37.3 per cent of the individuals who were not retired in one survey were either partially or fully retired by the time of the next survey 2 years later. Of those who left nonretirement and did not become unemployed, 28.2 percent (calculated as . 105/.373) partially retired, and the remaining 71.8 percent fully retired. Again, these figures underscore the fact that partial retirement is a phenomenon that affects a significant fraction of the labor force during their later years. The exit rates for partially retired workers also bear men tion. There was only a 48.5-percent chance that an indi vidual who was partially retired during one survey would still be partially retired 2 years later. If exit from partial retirement were a random process with a constant hazard rate, this would imply that the average duration of partial retirement is a little under 3 years.13 The assumption of a constant hazard rate is undoubtedly an oversimplification, but the findings nevertheless suggest that the duration of partial retirement is quite short, particularly when compared to the duration of an individual’s full-time work. A third interesting feature of the table involves the flows against the normal retirement paths. We noted earlier that, in some cases with unusual wage paths, or in cases where the individual encounters unforseen events, it is possible that he might move in a direction counter to the predominant retirement path. Table 2 indicates that this does indeed oc cur. More specifically, of the people who entered partial retirement (and who were not unemployed), about 23.4 percent [calculated as . 135/(. 135 + .441)] had been fully R etirem ent status by age, selected years, 1 9 6 9 -7 5 P artial retire m en t N o n retirem ent Full re tire m e n t Age 1969 1971 1973 1975 1969 1971 1973 1975 .05 .06 .06 .08 .12 — .06 .07 .09 — — — .10 — — 1969 1971 1 973 1975 .09 .12 .12 .18 .23 — .14 .20 .27 — — — .33 — — — — __ .50 .67 .70 .72 .77 .76 58 59 60 61 62 ................ ........................... ........................... ........................... ........................... 85 .81 .79 .72 .64 — — .77 .70 .61 — .56 — — — — 63 64 65 66 67 ........................... ........................... ........................... ........................... ........................... .56 — — — — .49 .44 .24 — — .47 .40 .17 .13 .13 __ .35 .17 .11 .09 .16 — — — — .12 .13 .19 — — .09 .12 .16 .17 .15 __ .13 .15 .17 .18 .27 — — .36 .41 .54 — — — — .40 .47 .66 .69 .71 68 ........................... 69 ........................... __ — __ — __ — .08 .06 __ — __ — __ — .15 .17 __ — __ — __ — 28 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — — — Tab le 2. states Tw o -year transition rates between labor force Entry rates from — Final status Nonretirement ........... Partial retirement . . . Full retirement ........... U nem ploym ent........... N o n re tirem en t P artial retire m en t Full retire m en t U nem ploym ent .959 .441 .303 .711 .024 .400 .094 .093 .007 .135 .588 .069 .010 .024 .014 .127 N o n re tirem en t Partial retire m en t Full retire m en t U nem ploym ent .609 .105 .268 .018 .077 .485 .426 .012 .008 .057 .932 .003 .226 .208 .448 .118 Exit rates from — Nonretirement ........... Partial retirement . . . Full retirement ........... U nem ploym ent........... retired in the previous survey. Of the men who left partial retirement and did not become unemployed, 15.3 percent [calculated as .077/(.077 + .426)] were not retired in the next survey. The entry rate for the third “ reverse” flow, that from full retirement to nonretirement, and the corre sponding exit rate were both less than 1 percent. Continuation rates by age. It is useful to examine in more depth the way these flows, and especially the continuation rates— the diagonal elements of the lower parts of table 2— vary with age. Table 3 reports, by respondent’s age in the initial year, the proportions of individuals who continue in the same retirement category until the next survey 2 years later. How should these continuation rates behave? We know that pension programs and mandatory retirement provisions boost the likelihood of retirement at ages 62 and 65, either by providing incentives for individuals to leave their jobs or by forcing them to retire at a specified age. Moreover, while there is controversy about the effects of social security payments at 62, we know that beyond age 64 the benefit adjustments for this cohort were not actuarially fair, pro viding further incentive for retirement.14 In terms of labor supply, the effects of changing health and family structure and the increasing disutility of work should act to reduce continuation rates in nonretirement below the high levels typical of individuals in their prime working years. There is indeed evidence of rapidly falling continuation rates for nonretirement up to age 64. These range from 87 percent at age 58 to 27 percent at age 64— the age when the strongest economic incentives to leave nonretirement are about to be encountered. The continuation rates for 65to 67-year-olds lie above those for 64-year-olds, but well below the rates observed for those in their late 50’s and early 60’s. For the partially retired, continuation rates hold relatively steady in the 45- to 50-percent range up to age 64. The continuation rates for full retirement are very high at all ages, ranging from 91.8 to 94.4 percent. Among the un employed, there are too few observations to permit gener https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis alizations about the pattern of the continuation rates. Duration dependence o f continuation rates. A related is sue, particularly for partial retirement, is whether the con tinuation rate depends on how long the individual has been partially retired— that is, the duration dependence of con tinuation rates. To investigate this issue, we examined data for those individuals who were not retired in 1969 but who were partially retired in 1971. This avoids our having to deal with periods of partial retirement already in progress. Moreover, the requirement that individuals had been working full time in 1969 ensures that we are looking at persons who are following the normal retirement sequence and who perhaps are not quite as likely to be responding to unusual or un expected circumstances. Of this group, 292 were still in the sample by 1973, and of that number 122, or 41.8 percent, were still partially retired in 1973. Hence, a person partially retired for the first time in 1971 had a 41.8-percent initial 2-year continuation rate. Some 112 of the 122 individuals who were partially re tired in both 1971 and 1973 were in the sample in 1975, and of those men 75, or 67.7 percent, were still partially retired. Hence, the 2-year continuation rate is considerably higher for individuals with durations in partial retirement of between 2 and 4 years than for individuals with durations of less than 2 years.15 It should be kept in mind that these individuals were also growing older with each successive survey, and the evidence from table 3 indicates that this could be part of the explanation as to why the individuals exhibited higher continuation rates between 1973 and 1975 than between 1971 and 1973. Even so, the magnitude of the increase in the continuation rate from 41.8 percent to 67.7 percent is relatively large compared to changes in the continuation rates caused by an additional 2 years of age, as indicated in table 3. It would appear that there is some duration dependence, in that the continuation rate for partial retirement increases with the length of time the individual has been partially retired. Table 3. Tw o-year labor force status continuation rates, by age of respondent Age in in itia l period Labor force status N o n re tirem en t P artial retire m en t Full retire m en t U nem ploym ent 5 8 ................................... 5 9 .................................... 6 0 .................................... 61 .................................... 6 2 .................................... .873 .831 .713 .652 .632 .409 .472 .467 .450 .458 .926 .939 .934 .921 .918 1.222 1.267 .242 .070 .105 63 64 65 66 67 .327 .267 .415 .515 .432 .446 .475 .510 .597 .604 .931 .933 .934 .944 .932 .114 1.000 1.053 1.000 1.000 .................................... .................................... ................................... .................................... 'Sample size less than 25. 29 MONTHLY LABOR REVIEW July 1984 • Modeling the Retirement Process Detailed flows fo r the partially retired. Table 4 looks at the flows of partially retired men in somewhat greater detail to shed some light on the mechanism of partial retirement. These individuals are separated into three categories ac cording to the relationship between their nonretirement and partial retirement jobs. The top line of both sections of the table considers individuals who have partially retired in jobs in which they reported themselves not retired in a previous survey or, if the observation is for the first survey, in jobs which they started before age 55. The second line refers to individuals who have partially retired to jobs which are different from any jobs in which they reported themselves not retired in prior surveys. The third line indicates indi viduals who are partially retired, but for whom the rela tionship of the nonretirement and partial retirement jobs could not be classified in one of the other two categories.16 The information in the table has a couple of interesting implications. First, it suggests that partial retirement in a job previously reported as a nonretirement job and partial retirement at a different job are relatively distinct paths. Of the individuals leaving partial retirement in a job previously reported as a nonretirement job, only 7.3 percent (calculated as .039/.531) were found to be partially retired in a different job, and of the individuals entering partial retirement in a job not previously reported as a nonretirement job, only 4.4 percent (calculated as .032/.727) were entering from partial retirement in a job previously reported as a nonretirement job or in a different job. Second, a comparison of the exit rates of individuals partially retired in jobs previously reported as nonretirement T able 4. D etailed 2 - year transition rates for partially retired individuals Entry rates fro m — P artial re tire m e n t— Final status Partial retirement in: The nonretirement job . . . A different j o b ................ A nonclassitied job . . . . Nonretire m en t In the non retire m ent job In a different job .566 .434 .000 .000 .000 .000 .422 .032 .273 .094 .144 .034 .051 .039 .285 .231 .034 .360 Full U nem In a nonclassified retire m en t ploym ent job Exit rates from p artia l re tire m e n t in— The n o n retirem ent job A different job A nonclassified job .091 .069 .071 .000 Nonretirement . . . Partial retirement in: The nonretirement job . . . A different j o b .............. A nonclassitied job . . . . .469 .000 .039 487 .082 .071 .081 .293 Full retirement . . . .324 .354 .536 Unemployment . . .006 .009 .018 30 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis jobs and individuals partially retired in different jobs indi cates that the behavior of these two groups is generally similar. A man partially retired in a job previously reported as a nonretirement job was a couple of percentage points (9.1 percent vs. 6.9 percent) more likely to return to non retirement, while one partially retired in a different job was 3 percentage points (35.4 percent vs. 32.4 percent) more likely to retire completely. Both groups were about equally likely (57.9 percent vs. 56.8 percent) to continue partial retirement in some form. Individuals who were partially retired but who could not be assigned to either one of the above categories appear to be somewhat different, with sub stantially lower probabilities of continuing partial retirement and substantially higher probabilities of complete retire ment. It is likely that these unclassified individuals in fact are partially retired in jobs they did not previously hold as nonretirement jobs, but it is not possible to be entirely sure of this. Implications for retirement models One aspect of the descriptive statistics from the Retire ment History Survey has particular importance for retire ment models of the type presented earlier in this article. Namely, the data indicate that, although a substantial mi nority of older men pass through a stage of partial retire ment, the spells of such retirement typically are very short. More than half of these spells appear to last less than 2 years, and it seems likely that few individuals would be partially retired for a significant fraction of their working lives. This fact, when considered together with the observed incidence of partial retirement, provides a powerful clue to the nature of the utility function on which individuals are basing their retirement decisions. Exhibit 1 illustrates this maximization problem facing the individual at time t. (See appendix.) The indifference curve I— I is one of a set of such curves, all of which are vertical displacements of one another, or equivalently, all having the same slope along any vertical line.17 The budget con straint for the individual at time t consists of point A plus the line segments between B and C. Point A corresponds to the earnings and leisure available if the person chooses to work on the nonretirement job. The series of line segments between B and C represent potential income opportunities if he works at a partial retirement job, allowing for effects such as the reduction in social security benefits after a dis regard amount.18 The individual chooses the point along this constraint which enables him to reach the highest in difference curve. This may occur at point A, in which case the individual is nonretired, or at some point between B and C, which corresponds to partial retirement, or at C, which represents full retirement. (Notice that a value of zero at time t, which is associated with point C, does not mean that consumption, or income from social security, pensions, or other programs would be zero should the outcome associated with point C be chosen.) E xhibit 1. T he earnings leisure choice at tim e t This leaves a second explanation for short periods of partial retirement, specifically, that the indifference curves are rotating fairly rapidly. For example, when an individual leaves the nonretirement job and partially retires, his indif ference curve may have a tangency at any point along BC. If the indifference curves are rotating rapidly, the point of tangency will travel along BC toward C rather quickly, and the individual will fully retire after a fairly brief spell of partial retirement. The descriptive statistics cited earlier thus suggest that the indifference curves in exhibit 1 have enough curvature that at least some persons partially retire, and that the curves are rotating fairly rapidly, becoming significantly steeper as the individual ages. But what do these results imply about the utility function in the original structural model, namely u[C(t), L(t), t; ß]l To examine this issue, consider the specific function (7) Over time, this diagram changes in some important re spects. First, the indifference curves will rotate clockwise— that is, other things equal, they will become steeper as an individual ages, reflecting the fact that work is likely to be less attractive with increasing age. Point A may shift down ward as well, because past a certain age the availability of both social security and private pensions may reduce effec tive compensation for work. The budget line between B and C may also be affected, but here we would not expect the effects to be too great, particularly for the part of the con straint that lies below the social security disregard amount. In this range, social security will not change the effective compensation for employment, and partial retirement jobs are unlikely to involve pension plans that alter the effective compensation. Now consider the implications of the two facts noted above: first, that a substantial minority of older workers go through a phase of partial retirement and, second, that for most of them the period in partial retirement is fairly short. According to exhibit l, there are two ways in which an individual might find it optimal to retire partially for a short time. One possibility is that he has a set of indifference curves with just the right degree of curvature so that when he leaves point A, the tangency with the budget segment BC will already be very close to C. In this case, only a slight rotation of the curve or a slight decline in the partial retirement wage rate would be sufficient to induce him to retire fully after a brief period of partial retirement. This might be a satisfactory explanation for the behavior of some individuals, but it seems unlikely that most partial retirees have indifference curves so shaped that they retire for only a short period despite the fact that they face a wide range of wages in the nonretirement and partial retirement jobs. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis u[C(t), L(t), t; ß] = [0(t)/p]-[C(t)p + b(/3, t)L(t)p], p < l where 6(t) is the time preference discount factor and <x = 1/(1 - p) is within-period elasticity of substitution between consumption and leisure.19 The indifference curves implied by this utility function have slope S„ = -b ( ß ,t) \L(t)/ C(t)\p~ '. The corresponding indifference curves in exhibit 1 have slope Sz = - b ( ß j ) 6(t) L(t)f,~'/\A y d(t)\.20 For a given point in exhibit 1, Sy changes over time with the quantity b (ß , t) 0(t)ld(t), while for a given point in the consumption-leisure space of w, S„ changes according to b(ß,t). Unless the rate of time preference exceeds the dis count rate by a considerable amount, both sets of indiffer ence curves will be rotating rapidly if either is. Thus, the fact that few individuals who partially retire do so for long, which suggests that the indifference curves in exhibit 1 are rotating rapidly, implies that the indifference curves cor responding to the utility function in the structural model also are rotating rapidly as the individual ages. Models for policy evaluation and research The descriptive statistics presented in this article impose some important requirements for a good structural retire ment model. First, the model should be able to explain the behavior of labor force status continuation rates, especially the sharp dip in these rates as workers approach age 65. It seems likely that the explanation for this dip lies in the effect of pension and social security benefit formulae, mandatory retirement policies, and other factors affecting the individ ual’s consumption-leisure budget line. Certainly, models that explain these continuation rates in terms of ad hoc, discrete, age-related changes in slopes of the indifference curves should be interpreted cautiously, particularly if they are intended to predict the effects of hypothetical changes in social security or pension rules.21 Second, a good struc tural model must deal with the minority of observations for 31 MONTHLY LABOR REVIEW July 1984 • Modeling the Retirement Process which the flows appear to run counter to the normal retire ment sequence. In particular, it is necessary to determine whether these reverse flows are the result of expected but unusual paths of the wages in the full-time or partial re tirement jobs, or if, as seems more likely, they signify responses to unforeseen events or to miscalculations. In the latter case, the proper model may be a stochastic model in which the individual recalculates the optimal labor supply path in each period conditional on his past decisions, taking into account current or expected future changes which were not foreseen when he made his previous calculations. The statistics also suggest an important characteristic of the lifetime utility function that individuals are attempting to maximize. Specifically, the fact that a significant number partially retire but that few of them remain in the state for very long implies that, whether the tradeoff is in terms of earnings vs. leisure or consumption vs. leisure, the indif ference curves of the individuals are relatively convex but rotating fairly rapidly with age. If confirmed by further studies, this would be an important finding, for the speed with which these indifference curves rotate is a major factor in estimating the effects of potential changes in such pro grams as social security and private pensions on the amount of labor individuals wish to supply to the market. FOOTNOTES 1Alan L. Gustman and Thomas L. Steinmeier, “ Partial Retirement and the Analysis of Retirement Behavior,” In d u s tr ia l a n d L a b o r R e la tio n s R e v i e w , April 1984. 2For that analysis, the main job was defined as the job held by the individual at age 55. 3The Retirement History Survey is a 10-year longitudinal survey of a national sample of 11,153 persons age 58 to 63 in 1969. The survey reports on the individual’s work history, health, financial status, and other infor mation relevant for studying retirement. For a description of this survey, see U.S. Department of Health, Education and Welfare. Social Security Administration. Office of Research and Statistics. A l m o s t 6 5 : B a s e lin e D a ta F r o m th e R e tir e m e n t H is to r y S tu d y (Washington. U.S. Government Printing Office, 1976). 4Alan L. Gustman and Thomas L. Steinmeier. P a r tia l R e tir e m e n t a n d Working Paper No. 1000 (Cam bridge. Mass., National Bureau of Economic Research. October 1982). 5Alan L. Gustman and Thomas L. Steinmeier. “ Minimum Hours Con straints and Retirement Behavior,” Contemporary Policy Issues, April 1983, pp. 77-91. 6Counting each observation for a given employer only one time, we found that for a sample of older white men who were not self-employed. 53 percent of the partially retired were in jobs at which they had previously worked full time, and the remainder were in jobs at which they had not previously reported working full time. See Gustman and Steinmeier. P a r tia l R e tir e m e n t a n d W a g e P r o file s . The proportion who partially retire on jobs they held at age 55 is considerably smaller than the proportion who partially retire on jobs they held while not retired. See Gustman and Steinmeier, “ Partial Retirement and Retirement Behavior.” 7Including a bequest motive in the budget constraint would leave the discussion unchanged. 8In this formal model, the "partial retirement" job may refer to a job distinct from the nonretirement job, or it may refer to the opportunity to remain in the nonretirement job and work less than full time at a reduced wage. Separation from a job may also be involuntary. Note, however, that it would be difficult to interpret the meaning of the reason for separation. For example, an employer with an unemployment insurance tax rate that was outside the range of experience rating might have agreed to lay off some workers before they retired to allow them to collect unemployment insurance benefits. The period covered by our data predates changes in unemployment insurance regulations which were designed to deal with such problems. 9A closely related model could be developed with the assumption that labor supplied to the partial retirement job must fall within a more restricted range. 10See, for example, Henry Aaron, E c o n o m ic E ffe c ts o f S o c ia l S e c u r ity (Washington, The Brookings Institution, 1982). "A fourth category, not included in table 1, consists of anyone who reported that his major activity during the survey week was looking for work. With the exception of one cell (61 year-olds in 1971), the percentage in this category never exceeded 2 percent. People were classified as not retired, partially retired, or fully retired on the basis of their answers to W a g e P r o file s f o r O ld e r W o r k e r s , nber 32 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the question “Do you consider yourself to be completely retired, partially retired, or not retired at all?” 12The figures in table 2 exclude data for individuals who dropped out of the sample in the subsequent survey (for exit rates) or who were not in the sample in the previous survey (for entry rates). The principal reasons for being out of the sample were death and nonresponse. The percentages of. individuals who dropped out of the sample by the next survey were 10.1 for nonretired workers, 11.4 for partially retired workers, 15.0 for fully retired workers, and 10.2 for unemployed workers. Only 2.2 percent of the individuals who dropped out of the sample subsequently reentered, and most of those who did so reported themselves as fully retired. 13With a constant hazard rate, durations are distributed with the expo nential density function f ( t) = y e x p ( - y t ) . If 51.5 percent of this distri bution lies between zero and 2, y may be calculated as .362. The mean of the distribution is then calculated as 2.76 years. l4There is little reliable information on the incentive effects for partial retirement. For some discussion, see Gustman and Steinmeier, “Minimum Hours Constraints,” and “ Partial Retirement and the Analysis of Retire ment Behavior.” Reduced-form retirement equations which include partial retirement as an outcome are reported in the first paper. 15Given the sizes of the two samples, the difference between 41.8 percent and 67.7 percent is statistically significant at better than a 1-percent con fidence level. 16Note especially that this group includes anyone who was partially retired during the initial survey but whose current job began after age 55. 17This may be shown by examining the slope of an indifference curve at any point in the diagram. This slope is given by S L = Z J Z Y. From appendix equation (12), Z L does not depend on Y (t), so that it may be written Z L [L (t), /; /3, Ay d ( t) ] , and ZY = h Yd ( t) . Thus: $ z = Z L [L (t), t; p , \ yd (t)] [Ayd (t)] Because Y (t) does not appear either directly or indirectly in this expression, the slope of the indifference curve at time t depends only on L ( t) and all the curves thus must have the same slope. 18For a related discussion, see Alan S. Blinder, P r iv a te P e n s io n s a n d P u b lic P e n s io n s : T h e o r y a n d F a c t, nber Working Paper No. 902 (Cam bridge, Mass., National Bureau of Economic Research. June 1982). l9This is similar to the utility function presented in.Roger H. Gordon and Alan S. Blinder, “ Market Wages, Reservation Wages and Retire ment,” J o u r n a l o f P u b lic E c o n o m ic s , Vol. 14, 1980, pp. 277-308. Note that it would not make sense to choose u to be linear homogeneous, for the resulting indifference curves in the exhibit would necessarily be straight lines. This may be shown as follows. In a linear homogenous function, both uc and uL are strict functions of the ratio C (t)I L ( t), and hence of each other. By appendix equation (10), uc is equal to AYd ( t ) , which is inde pendent of earnings and leisure at time t, giving the result. The GordonBlinder function does satisfy the criterion that the degree of homogeneity should be less than 1, yielding convex indifference curves as in exhibit 1. 20If P is close to 1, the indifference curves associated with both u and Z have little curvature. Hence the existence of a substantial amount of partial retirement at reduced compensation rates would suggest that p cannot be close to 1for all individuals. This reasoning is contrary to Gordon and Blinder’s empirical finding that p = 0.9, relatively close to 1. 21It might be argued that a more elaborate model than ours is appropriate because discontinuities at particular ages may result from the influence of some socially acceptable retirement age, which in turn is influenced by program parameters. But to analyze the effects of changes in retirement policy, the role of a socially acceptable retirement age should be modeled explicitly, because the effects of these age terms may be altered by the policy change. APPENDIX: Converting from consumption to earnings To derive the tradeoffs between earnings and leisure shown in text exhibit 1, it is necessary to derive the relationship between consumption and earnings along the solution path of the model. At any point in time, the solution path max imizes the quantity (8) 0°) Z(t) = u[C(t), L(t), t; (3\ + \ Y d(t) S(t) where S(t) = Y(t) — C(t) is the amount saved in period t and Y(t) = WN[HN(t), /] + WP \HP(t), /] is the net com pensation for labor supplied in period t. \ Y may be inter preted as the marginal utility of discounted lifetime income— that is, the marginal utility of relaxing the lifetime budget constraint by $ 1.1 It is chosen so that when this optimization is implemented for all periods, the lifetime budget con straint f T Q d(t) S(t) dt + Aa — 0 is just satisfied. The max imization is subject to the constraints of equations (3) through (6), which describe the hours limitations on the two types of employment. If we substitute for S(t) in equation (8), the maximand in this problem becomes (9) any of the constraints in text equations (3) through (6), the value of C(t) which maximizes equation (9) may be found simply by differentiating the equation and setting the result equal to zero: Z(t) = u[C(t), L(t), t; (3] + \ Y d(t) [Y(t) - dZ(t) ^ - 7 = uc [C(t), L(t), t; 0] - \ Y d(t) = 0 where uc indicates the partial derivative with respect to the first argument. This equation may then be solved for the optimal C*(t) as a function of L(t) and Ayd(t): (11) C*(t) = C* [L(t), t; (3, \ Yd(t)] This may in turn be substituted into equation (9) to yield: (12) Z(t) - u{C* [L(t), t; ¡3, \ Yd(t)], L(t), t; (3} + \ Yd(t) {Y(t) - C* |L(t), t; (3, XYd(t)]} = Z[Y(t), L(t), t; (3, \ Yd(t)] At a particular time, this means that the individual may be viewed as maximizing a utility function involving only in come and leisure,2 instead of consumption and leisure as in equation (8). The maximization is done subject to the def C(t)] inition of Y(t) and the constraints of equations (3) through Because C(t) appears neither in the definition of Y(t) nor in ( 6 ). FOOTNOTES 1 See Thomas L. MaCurdy, “ An Empirical Model of Labor Supply In 'The fact that \ y appears in z [ ■] means that the function cannot be a Life-Cycle Setting," J o u r n a l o f P o l itic a l E c o n o m y , December 1981, viewed as constant from individual to individual, because k Y depends on pp. 1059-85. earnings opportunities in other years. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 33 Research Summaries Fewer students in work force as school age population declines A nne McDougall Y oung The continuing decline in the 16- to 24-year-old population accounted for most of the half million drop in the schoolage work force between October 1982 and October 1983. Sixty percent of this decrease was among students. In ad dition, labor force participation rates edged down among most student groups but were unchanged among out-ofschool youth. Lower unemployment rates were recorded among both students and nonstudents, reflecting the strengthened economy. Not all worker groups shared in this improvement, however.1 (See table 1.) Students Over a third of the high school students and over half of all college students were in the labor force, that is, working or looking for work, in October 1983. The labor force par ticipation rate was virtually the same for female and male students at each level of school attended. This is in sharp contrast to the 1960's and early 1970's, when participation rates were as much as 11 percentage points higher among male high schoolers and 9 percentage points among male full-time college students. Employment. About 29 percent of high school students and 40 percent of full-time college students had jobs in October 1983. Students usually work in industries requiring either irregular hours or extended schedules beyond “ 9 to 5 ,” such as retail stores, restaurants (including "fast food” establishments), and financial service organizations. In Oc tober 1983, 84 percent of all employed teenage students and 71 percent of employed 20- to 24-year-old students were in the trade or services industries. Full-time college students were employed an average of 18 hours per week compared to nearly 14 hours for high Anne McDougall Young is an economist in the Division of Employment and Unemployment Analysis, Office of Employment and Unemployment Statistics, Bureau of Labor Statistics. 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 001 o o school students. (See table 2.) Relatively few students worked full time (35 hours or more per week). Among both high school and full-time college students, the trend since 1970 has been for the working hours of women to rise while those of men have held steady, reflecting the increasing proportion of women who worked 15 to 21 hours and the decreasing proportion of men working more than 21 hours. Average hours worked by full-time college women have increased by more than 3 hours since 1967. Among college students, paid employment is often ar ranged as part of a financial aid package along with schol arship grants and loans. The longitudinal study, "High School and Beyond,” 2 reported that 56 percent of the 1980 high school graduates who were enrolled in some form of post secondary education used earnings to help finance their schooling.3 About one-third of all employed full-time col lege students worked up to 14 hours per week, and another third worked 15 to 21 hours in October 1983. Tab le 2. H ours w orked in nonag ricultu ral in dustries by persons 16 to 24 years, enrolled in school by level of school attend ed, and sex, selected years, O ctober 1 9 6 7 -8 3 [Numbers in thousands] High school Hours of w ork and sex October 1967 October 1970 October 1973 October 1980 October 1 983 Total at work ...................................... Percent ................................................. 1 to 14 hours ................................. 15 to 21 hours .............................. 22 to 34 hours .............................. 35 hours and over ........................ 2.953 100.0 61.7 19.8 11.7 6.7 3,163 100.0 57.3 24.0 12.6 6 1 3,740 100.0 51.6 27.3 14.5 6.6 3,311 100 0 51.0 30.5 13.4 5.1 2,836 100 0 57.2 28.6 9.9 4.3 Average hours (mean): T o ta l............................................... Men ......................................... Women ................................... 13.9 15.5 11 8 14.3 16.0 12.2 15.2 17.0 13.1 14.9 15.8 14.1 13.6 14.3 13.0 October 1967 October 1970 October 1973 October 1980 October 1983 Total at work ...................................... Percent ................................................. 1 to 14 hours ................................. 15 to 21 hours .............................. 22 to 34 hours .............................. 35 hours and over ........................ 1,308 100.0 42.7 30 3 16.8 10.2 1.709 100 0 36.2 35.9 16.7 11.2 1.913 100 0 33.4 35.9 18.6 12.2 2.395 100 0 36 5 36.9 17.0 9.6 2.509 100.0 33.8 38 5 18.2 9.5 Average hours (mean): T o ta l.............................................. Men ......................................... Women .................................... 17.2 19.6 14.3 18 2 20 6 15.6 18.9 21.4 16.9 17.8 19.7 17.4 18.2 19.6 17.6 F u ll-tim e college Out-of-school youth The labor force activity of 16- to 24-year-old men and women who were no longer in school varied much more than among students. Women were less likely than men to be in the labor force at every level of completed education, with the difference narrowing as years of schooling in creased. (See table 1.) Among high school dropouts, the labor force participation rate of women was 35 percentage points lower than that of men. Family responsibilities ac counted for a large part of the difference; about half of the female dropouts were or had been married as of October 1983. However, male dropouts were more likely than women to have left school for job-related reasons or to support their family.4 At the other end of the educational spectrum, the difference in participation rates between male and female college graduates differed by only about 4 percentage points. Except for high school dropouts, unemployment rates were generally about the same for men and women who were no longer in school and had completed the same years of schooling. Among persons with 4 years of high school or more, male and female unemployment rates have differed by only 1 or 2 percentage points since the mid-1970’s. Among the dropouts, women’s unemployment rates have historically been 5 to 8 percentage points higher than those of men. By October 1982, the difference had narrowed, in part, because of the recession-related increase in unem ployment among men. In October 1983, the difference re mained small, but the unemployment rate for women was once again significantly higher as the unemployment rate T ab le 1. E m ploym ent status of persons 16 to 24 years by school enrollm ent status, years of school com pleted, and sex, O ctober, 1 9 8 2 -8 3 [Numbers in thousands] Characteristic C ivilian noninstitutional population C ivilian lab o r force P articip atio n rate U nem ployed U nem p lo ym en t rate 1982 1983 1 982 1 983 1 982 1983 1982 1983 1982 1 983 36,452 35,884 24,076 23,557 66.0 65.6 4,331 3,704 18.0 15.7 Total, 16 to 24 years ....................................................................... 16 to 19 y e a rs ............................................................................... 20 to 24 years ............................................................................... 15,624 10,725 4.897 15,357 10,637 4.720 7,194 4,398 2,796 6,883 4,233 2,650 46.0 41.0 57.1 44.8 39.8 56.1 1,202 916 286 1,053 798 255 16.7 20.8 10.2 15.5 18.9 9.6 High s c h o o l..................................................................................... C ollege............................................................................................. Full-time students .................................................................... Part-time s tu d e n ts .................................................................... 7,701 7,923 6,546 1,377 7,628 7,728 6,453 1,275 2,970 4,222 2,992 1,230 2,802 4,080 2,955 1,125 38.6 53.3 45.7 89.3 36.7 52.8 45.8 88.2 707 496 381 115 621 433 350 83 23.8 11.7 12.7 9.3 22.2 10.6 11.8 7.4 Men, 16 to 24 y e a rs .................................................................... 16 to 19 years .......................................................................... 20 to 24 years .......................................................................... 7,991 5,457 2,534 7,942 5,360 2,582 3,628 2,211 1,417 3,563 2,127 1,436 45.4 40.5 55.9 44.9 39.7 55.6 674 493 180 568 422 146 18.6 22.3 12.7 15.9 19.8 10.2 High s c h o o l............................................................................... C o lle g e ........................................................................................ Part-time students ............................................................... 4,045 3,945 3,336 609 4,016 3,925 3.294 631 1,589 2,038 1,481 557 1,490 2.070 1,500 570 39.3 51.7 44.9 91.5 37.1 52.7 45.5 90.3 417 258 186 72 344 223 182 41 26.2 12.7 12.6 12.9 23.1 10.9 12.3 7.2 Women, 16 to 24 y e a rs ............................................................... 16 to 19 years .......................................................................... 20 to 24 years .......................................................................... 7.633 5.270 2,363 7.415 5.277 2,138 3,566 2,187 1.379 3,320 2,106 1.214 46.7 41.5 58.4 44.8 39.9 56.8 528 423 105 485 376 109 14.8 19.3 7.6 14.6 17.9 9.0 High s c h o o l.......................................................................... C o lle g e .................................................................................. Full-time students ............................................................... Part-time students ............................................................ 3.656 3.978 3,210 768 3.612 3.803 3.159 644 1.381 2.184 1.511 673 1,312 2.010 1.455 555 37 8 54.9 47.1 87.6 36.3 52.9 46.1 86.2 290 238 195 43 277 210 168 42 21.0 10.9 12.9 6.4 21.1 10.4 11.5 7.6 Total. 16 to 24 years ....................................................................... 16 to 19 y e a rs ............................................................................... 20 to 24 years ............................................................................... 20.828 4.901 15.926 20.527 4.486 16.041 16.882 3.709 13.173 16.674 3,387 13.286 81.1 75.7 82.7 81.2 75.5 82 8 3.129 1,009 2.120 2,651 829 1,822 18.5 27.2 16.1 15.9 24.5 13.7 Men. 16 to 24 y e a rs .................................................................... 16 to 19 years .......................................................................... 20 to 24 years .......................................................................... 9.947 2,359 7.588 9.770 2.226 7.544 9.056 1.971 7.086 8.878 1.855 7.023 91.0 83.6 93 4 90 9 83.3 93.1 1.742 542 1.200 1,462 448 1,014 19.2 27.5 16.9 16.5 24.2 14.4 Less than 4 years of high school ......................................... 16 to 19 years ..................................................................... 20 to 24 years .................................................................... 4 years of high school .................................................... 1 to 3 years of college ....................................................... 4 years of college or m o r e ................................................. 2.600 981 1.620 5.313 1.333 701 2.631 882 1.749 5.232 1.259 648 2.193 765 1.428 4.915 1,262 687 2.182 662 1.520 4.856 1.201 638 84.3 78 0 88.1 92 5 94.7 98.0 82.9 75.1 86.9 92 8 95 4 98.5 684 297 387 851 148 58 572 216 356 730 121 38 31.2 38.8 27.1 17.3 11.7 8.4 26.2 32.6 23.4 15.0 10.1 6.0 Women. 16 to 24 y e a rs ............................................................... 16 to 24 years .......................................................................... 20 to 24 years .......................................................................... 10.881 2,543 8.338 10,757 2.260 8.497 7,826 1.739 6.087 7.795 1.532 6.263 71.9 68.4 73.0 72.5 67 8 73.7 1,387 466 921 1,189 381 808 17.7 26.8 15.1 15.3 24.9 12.9 Less than 4 years of high school ......................................... 16 to 19 years .................................................................... 20 to 24 years .................................................................... 4 years of high school ....................................................... 1 to 3 years of college ....................................................... 4 years of college or m o re ................................................. 2,455 910 1.545 5,903 1.691 833 2,275 745 1.530 5,803 1,726 955 1,159 442 719 4,464 1.428 775 1,082 335 747 4,342 1.468 904 47.2 48 6 46.5 75.6 84.4 93.0 47.6 45.0 48 8 74.8 85.1 94.7 382 172 212 769 160 76 319 110 209 671 131 70 33.0 38.9 29.5 17.2 11.2 9.8 29.5 32.8 28.0 15.5 8.9 7.7 Total, 16 to 24 y e a rs ....................................................... Enrolled Full-tim e students ................................................................... Not en ro lled N ote: Because of rounding, sums of individual items may not equal totals. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 35 MONTHLY LABOR REVIEW July 1984 • Research Summaries for men declined more during recovery. White, black, and Hispanic youth Labor force participation was about unchanged over the year among white and black youth for both students and nonstudents. (See table 3.) Black youth, however, continued to be less than half as likely as whites to be in the labor force while in high school, and substantial differences also persisted by race among college students and out-of-school youth at all educational attainment levels. Participation rates for black high school students and high school graduates have been declining for several years. Among black high school students, for example, the participation rate slipped from 25 percent in October 1978 and 1979 to 16 percent in October 1983 and declined from 78 to 72 percent over the same period for black high school graduates. On the other hand, the participation rates for black college students and those out of school with some college education have been fairly stable. Labor force participation rates of Hispanic students were also about unchanged over the year and remained between those of black and white youth. Relatively more Hispanic than white students in the labor force were enrolled at the high school level, perhaps reflecting slower progress in school for those who lacked a facility with English and/or were poorly prepared. Some 38 percent of the Hispanic high school students were age 18 or older, compared to 17 percent of the white high schoolers. Among youth no longer in school, Hispanics were twice as likely as whites to have left school before graduating from high school, reflecting, T ab le 3. Labor force participation and unem ploym ent rates of persons 16 to 24 years old by school enrollm ent, race, and H ispanic origin, O ctober 1 9 8 2 -8 3 E n rollm ent status W hite Black Hispanic origin T a b le 4. S chool e nrollm ent and labor force status of 1983 high school g raduates and 1 9 8 2 -8 3 school dropo uts 16 to 24 years, by sex, race, and H ispanic origin, O ctober 1 9 8 2 83 [Numbers in thousands] O ctober 1983 O ctober 1982 P a rtic i pation rate Un em p lo y m ent rate C ivilian noninstitutional population P a rtic i pation rate Un em ploy m ent rate 3,100 63.0 22.5 2,964 63.6 22.3 Men ................ W o m e n ........... White .............. Black .............. Hispanic origin 1,508 1,592 2,644 384 174 64.7 61.3 64.5 54.9 57.0 21.2 23.9 19.0 53.0 34.3 1.390 1,574 2,496 392 138 67.5 60.2 64.6 57.4 63.8 22.6 22.0 7.7 49.6 21.6 Enrolled in college ........... Men ................ W o m e n ........... Full-time students . . . Part-time students . . . White .............. Black .............. Hispanic origin . . . . 1,568 44.3 15.7 1,562 44.9 17.0 739 829 1,419 42.8 45.7 40.6 14.6 16.6 16.3 721 841 1,416 47.7 42.6 41.5 17.4 16.5 16.0 149 79.2 12.7 146 78.8 21.7 1,376 140 46.1 30.0 15.0 (2) 1.372 151 46.7 27.8 15.6 <2) 75 33.3 (2) 75 34.7 (2) Not enrolled in college Men ................. Women ' : . . . . White .............. Black .............. Hispanic origin . . . . 1.532 82.0 26.3 1.402 84.5 25.5 769 763 1,268 244 85.8 78.2 84.6 69.3 24.4 28.5 21.4 58.0 669 733 1.124 241 88.8 80.5 86.4 75.9 25.6 25.4 19.2 54.1 99 74.7 (2) 63 <2 ) (2) 668 63.0 41.6 597 63.1 31.6 355 313 216 76.6 47.6 50.5 43.4 38.3 38.5 329 268 208 75.4 48.1 50.0 32.7 29.5 33.7 96 513 135 41.7 67.1 51.9 (2) 36.0 (2) 60 445 124 (2) 63.8 57.3 25.7 (2) 73 (2) (2) 79 67.1 <2 ) C h ara cteristic Total recent high school graduates1 . . . Total recent school dropouts1 Men .............. Women . . . . Single . . . Other marital status . . White ........... Black ........... Hispanic origin . . . C ivilian nonin stitu tional population (2 ) 1Data refer to persons who graduated from high school or dropped out of school between October 1981-82 or October 1982-83. 2Percent not shown where base is less than 75,000. Note: Detail for the above race and Hispanic-origin groups will not sum to totals because data for the “ other races” group are not presented and Hispanics are included in both the white and black population groups. 1982 1983 1982 1983 1982 1 983 Labor force participation rate . . . . 49.2 High school students .............. 43.0 College students ...................... 54.8 48.4 41.6 54.6 28.7 18.6 44.4 25.6 16.1 41.1 34.6 23.5 53.8 35.6 25.9 52.2 Unemployment r a te ........................... 14.7 High school students .............. 21.2 College students ...................... 10.2 13.5 19.4 9.4 36.7 52.7 26.6 35.6 56.4 22.3 22.4 36.6 12.7 16.8 18.8 15.7 in part, the need to help support their families as well as lack of opportunity for some of the immigrants among them to have attended school in their native country. 82.7 68.2 85.2 89.3 95.4 83.4 68.9 85.5 90.4 96.5 72.2 59.3 74.7 88.2 (1) 69.4 57.3 71.7 82.6 90.7 71.3 65.0 76.0 79.6 (1) 72.9 66.3 77.2 81.8 (1) Unemployment r a te ........................... 15.7 Less than 4 years of high school 27.8 4 years of high school only . . . . 14.6 8.9 College: 1 to 3 years ................ 4 years or more . . . . 8.6 12.8 23.5 11.9 7.3 5.9 38.6 52.9 35.7 28.4 (1) 37.3 48.0 37.5 23.8 23.1 21.4 24.7 19.9 15.2 (1) 17.7 22.0 17.5 3.4 (1) Unemployment rates dropped somewhat over the year among most groups of white students, and much larger declines took place among those no longer in school. For the latter group, the unemployment rates of 5.9 percent for college graduates, 11.9 for high school graduates, and 23.5 for high school dropouts were 2 to 4 percentage points lower than in 1982. By contrast, unemployment rates among black youth, both in and out of school, were nearly three times Enrolled Not en ro lled Labor force participation rate . . . . Less than 4 years of high school 4 years of high school only . . . . College: 1 to 3 years ................ 4 years or more . . . . 1Data not shown where base is less than 75,000. 36 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis as high as for whites and showed relatively little response to improved economic conditions. For Hispanic youth, job less rates declined substantially among high school students and those no longer in school. However, the unemployment rate for out-of-school Hispanic youth remained almost 5 percentage points higher than for white youth. Recent high school graduates and dropouts Although there were fewer high school graduates in 1983 than in 1982, about the same number went on to college in both years. (See table 4.) Thus, college enrollment levels remained unchanged, as a somewhat higher entry rate offset the declining school-age population. Black high school graduates continued to be less likely to enter college than white or Hispanic graduates. Nearly 85 percent of recent high school graduates not enrolled in college were in the labor force in October 1983. This was somewhat higher than in October 1982, but, in contrast to the situation among the total out-of-school youth group, the unemployment rate for recent graduates was vir tually unchanged. As among all 16- to 24-year-olds with a high school diploma, lower proportions of black and His panic recent graduates were in the labor force compared with whites. The number of recent high school dropouts declined over the year, reflecting the decrease in the teenage population. In both 1982 and 1983, recent school leavers accounted for about 3 percent of all 16- to 24-year-olds no longer in school, down from 4 percent during the peak years of the baby boom. While about the same proportion of dropouts as a year earlier were in the labor force, unemployment rates for this group decreased by about 10 percentage points for both men and women. I I -------- F O O T N O T E S --------- 1Data in this report are based primarily on supplementary questions in the October 1983 Current Population Survey (CPS), conducted and tab ulated for the Bureau of Labor Statistics by the Bureau of the Census. Most data relate to persons 16 to 24 years of age in the civilian noninstitutional population in the week ending Oct. 15, 1983. Sampling variability may be relatively large in cases where the numbers are small. Small estimates, or small differences between estimates, should be interpreted with caution. For the most recent report in this series, see Anne McDougall Young, “Youth labor force marked turning point in 1982,” M o n th ly L a b o r R e v ie w , August 1983, pp. 29-32, reprinted with additional tabular data and explanatory notes as Bulletin 2192 (Bureau of Labor Statistics, December 1983). 2High School and Beyond (HS&B) is a national longitudinal study of high school students being conducted by the National Center for Education Statistics (NCES). 3P a c k a g in g o f G r a n ts , L o a n s , a n d E a rn in g s f o r F in a n c in g P o s ts e c o n d a r y E d u c a tio n , Bulletin 83-2206 (National Center for Education Statistics, February 1984). 4Samuel S. Peng, H ig h https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P eter C appelli The Nation’s recent experience with high unemployment and occupational dislocation has renewed the interest of workers and their unions in improving employment security through the collective bargaining process. William M. Davis notes, for example, that employment security was the most important topic in the 1983 round of national negotiations,1 and results of a 1982 survey by D. Quinn Mills also suggest that concern with unemployment has been a major influence shaping current union bargaining positions.2 A number of innovative arrangements to improve em ployment security have come out of recent contract nego tiations. Of these, perhaps the most interesting and important are the Guaranteed Income Stream (gis) plans introduced in the auto industry. These plans address the growing prob lem of structural unemployment by providing a novel form of income protection for workers, and financial incentives for firms to avoid long-term layoffs and to find alternative employment for workers who are laid off. gis versus other plans There are two basic ways to ensure employment security. The first, and most straightforward, is to guarantee jobs directly, as in the case of contractual manning levels. In practice, these guarantees are difficult for workers to secure because they pose considerable risk to firms facing uncertain product markets. According to a June 1982 Business Week poll, only 2 percent of the firms surveyed were willing to provide explicit employment guarantees even in return for union concessions on other issues.3 The most noteworthy of such agreements, the lifetime employment experiment introduced in the auto industry in 1982, covers relatively few workers in a small number of plants, giving rise to the possibility that these jobs will be guaranteed at the expense of employment and production opportunities at noncovered automaking facilities. The second and more common method for addressing the problem of unemployment is through income maintenance plans. These protect workers’ income from employment adjustments and provide financial incentives for firms to minimize layoffs. The most important of these are supple mental unemployment benefit plans ( subs), which are a contractual form of unemployment insurance with perfect experience rating— each employer bears the total cost of unemployment benefits for its workers.4 (State-sponsored plans, in contrast, involve cross-subsidization because an S c h o o l D r o p o u ts : D e s c r ip tiv e I n fo r m a tio n f r o m Bulletin 83-221 b (National Center for Education Statistics, November 1983.) H ig h S c h o o l a n d B e y o n d , Auto industry experiments with the Guaranteed Income Stream Peter Cappelli is an assistant professor at the Institute of Labor and In dustrial Relations, University of Illinois at Urbana-Champaign. 37 MONTHLY LABOR REVIEW July 1984 • Research Summaries employer’s contributions may not completely reflect the benefits its workers receive.) subs and other income maintenance plans create incen tives for stabilizing employment because they reduce the marginal cost of employment for covered workers. Because the employer must pay the sub benefit when its workers are idle, the marginal cost of keeping a worker occupied pro ductively is merely the difference between the sub payment and the wage rate. One might expect this reduction in the marginal cost of labor to affect firms’ operating decisions. With marginal cost pricing, they would be more likely to cut prices during economic downturns, maintaining pro duction and employment levels.5 Unfortunately, there is ample evidence that these income maintenance plans do not provide sufficient incentives for companies to stabilize em ployment in the face of steep recessions and structural changes in product markets. Further, the temporary income protec tion provided by subs, which were designed to cushion against short-term cyclical adjustments, is not adequate for the longer-term, structural unemployment characteristic of the 1980’s. The gis plan represents an alternative which shares the basic income maintenance approach but differs from sub plans in several important ways. First, while subs and other income maintenance plans end after relatively short periods (for example, 2 years) and provide temporary support for the long-term unemployed, gis plans furnish benefits to eligible workers until they retire, if necessary. If subs pro vide a “ guaranteed annual wage,’’6 then gis plans provide a guaranteed lifetime wage. Second, qualification for gis eligibility is based on earnings rather than simply on em ployment status. That is, a laid-off worker could find em ployment elsewhere and still be eligible for gis benefits as long as his or her earnings from the alternative job were below a specified level. Finally, the benefits provided by the gis plan are not completely offset by outside earnings until those earnings reach a specified “ breakeven point.” This is unlike the case for subs, where benefits are com pletely offset. Thus, workers can increase their net income under the gis program by accepting other paid employment. In fact, the gis plan is a type of negative income tax similar in form to the Family Assistance Plan proposed during the Nixon Administration. Eligible workers receive a minimum benefit, and outside earnings from alternative employment are “ taxed” or offset by reductions in that benefit. Because the rate of offset is less than complete (80 percent), workers net 20 cents from every dollar of outside earnings. Therefore, they have some incentive to seek al ternative employment. Benefits continue to be paid until workers reach a combined income level (benefits plus earn ings) call the “ breakeven point” (1/tax rate), which in this case equals 125 percent of the minimum benefit. Beyond 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis this point, additional earnings are completely offset by ben efit reductions, and the plan ceases to function. Those employees with more than 15 years of seniority (10 years in cases of plant shutdowns) are eligible for the gis program after their sub benefits have been exhausted. The minimum benefit is equal to 50 percent of pretax earn ings and rises 1 percentage point with each additional year of seniority. The table below shows the net earnings of GIS participants with pretax earnings of $400 per week at dif ferent levels of seniority and outside earnings: Seniority and _________ 0utside earnin8s minimum benefit $0 $200 $250 $325 $375 15 years (50 percent) . . $200 $240 $250* $325 $375 30 years (65 percent) . . 260 300 310 325* 375 40 years (75 percent) . . 300 340 350 365 375* »Indicates breakeven points. The gis approach differs from other income maintenance programs both in the type of unemployment it addresses and in the incentives it creates for workers and employers. Unlike sub plans, which tie laid-off workers to their former employers, gis plans create incentives to find alternative employment. The complete sub benefit offset by earnings from an alternative job leaves workers with little financial incentive to look for work elsewhere, and the fact that ben efits end after a reasonably short period means that firms have less of an incentive to find new jobs for these workers. sub plans are beneficial to employers because they increase the likelihood that laid-off workers would be available for recall at the end of temporary cyclical downturns. gis, in contrast, provides workers with financial incen tives to find alternative employment because the benefit offset is less than complete. Moreover, the long period of eligibility associated with gis encourages firms to avoid layoffs by increasing the costs of permanent layoffs and reducing the marginal cost of keeping workers productively employed. Once workers are laid off, however, that long period of eligibility creates strong incentives for the firm to help workers find alternative employment at rates of pay above the gis breakeven level. Labor force effects of gis One can get some idea of the likely effects of gis plans by looking at the results of the negative income tax dem onstration projects that were conducted during the 1970’s. From the standpoint of public policy, the most important concern about negative income tax plans was their effect on labor supply. Economic theory suggests that the introduction of minimum benefits will cause an income effect that would curtail labor supply. The benefit offset would reduce the return from working, producing a substitution effect that also reduces labor supply. Results from various demonstra tion projects showed the effects of negative income tax pro grams on labor supply to be rather small. Recipients tended to search longer for jobs and found marginally better-paying ones. It also appeared that the employment effects of the negative income tax extended to the families of recipients as well, the most important change being a reduction in labor force participation by wives of recipients.7 Another important effect of negative income tax-type plans like g is may be their influence on the types of jobs that workers choose. To the extent that higher pay compensates for unpleasant work, one might expect gis to reduce the incentives to accept such work because the worker receives less than the compensating wage differential after the benefit offset. The magnitude of these effects depends largely on the rate of “ tax,” or benefit offset, prescribed by the plans. The tax rate determines the breakeven point, as well as the marginal incentives to alter one’s behavior. If the rate is too low, the program covers more workers with higher earnings and becomes a burdensome expense to the company; if it is too high, workers have little incentive to pursue alternative employment. It might seem that the gis 80-percent tax rate is quite high. A worker accepting employment at $10 per hour, for example, would net only $2 per hour and would pay government taxes on those earnings. Such a worker in the 30-percent tax bracket would take home only an addi tional $1.40 per hour after government taxes and the benefit offset. Because the gis plan is new and eligibility was not ex tended to workers who had previously exhausted their su b benefits, relatively few workers currently are drawing ben efits from the plan. One of the requirements for continued eligibility is that workers must accept suitable employment when it is offered, and many workers lost their eligibility rather than accept transfers to auto plants in other parts of the country. Employers point out that within the same lo cation, there has been little difficulty getting workers to accept new jobs with the company, but that it has been extremely difficult to get them to take jobs with other em ployers where the pay is less and the benefit offset applies. This suggests that the high rate of benefit offset may be a factor inhibiting reemployment. In a theoretical sen se, perhaps the m ost interesting aspect o f the g is program is that it represents one o f the more clearcut exam p les o f labor-m anagem ent behavior that has fallen under the rubric o f im plicit contracting; because the incentives created by g is plans extend the firm’s interest in https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis its employees beyond layoffs through to the end of their working lives, the collective bargaining agreement implic itly becomes almost a lifetime contract.8 Further, the firm has financial incentives to see that workers find well-paying jobs and the contractual right to ensure that workers accept suitable employment. In this sense, one might expect the firm to take on some of the functions of an employment agency: identifying potential jobs for its laid-off workers, setting up job interviews, perhaps counseling workers in order to improve their success in the job market, and de termining the reasons for unsuccessful job search by some plan participants. W hether g is pl a n s w ill spread to other industries as su b plans did during the 1 9 5 0 ’s w ill depend largely on the pace o f structural change in the econ om y, g is plans provide pro tection from structural unem ploym ent for senior em ployees in a w ay that su b s and seniority-based layoffs cannot. If w orkers in other U.S. industries continue to feel threatened by large-scale layoffs and plant shutdowns in com ing years, one m ight exp ect their unions to respond with dem ands for G is-type programs. In any even t, g is plans represent an important innovation in labor-m anagem ent relations and sig nal a renewed effort to address em ployment problems through the co lle c tiv e bargaining process. -------- F O O T N O T E S --------- ' William M. Davis. "Collective bargaining in 1983: a crowded agenda,” January 1983. pp. 3-16. 2D. Quinn Mills. "When Employees Make Concessions." H a r v a r d B u s in e s s R e v ie w . May-June 1983. pp. 103-13. 7B u s in e ss W eek , unpublished results of a June 14. 1982. survey. 4For a history of sub plans and their development, see John Becker. G u a r a n te e d In c o m e f o r th e U n e m p lo y e d (Baltimore, Johns Hopkins Press 1967). Peter Cappelli and Barry Nalebuff. "Supplemental Unemployment Benefit Plans and the Response of Employers,” mimeo. January 1983. (’For a discussion of this position, see Herman Feldman, "The Annual Wage—Where Are We?” A m e ric a n E c o n o m ic R e v ie w . December 1947, pp. 15-19. 7See Albert Rees and Harold W. Watts, "An Overview of the Labor Supply Results,” in Joseph A. Pechman and P. Michael Timpane, eds., M o n th ly L a b o r R e v ie w , W o rk I n c e n tiv e s a n d I n c o m e G u a r a n te e s : Th e N e w J e r s e y N e g a tiv e I n c o m e (Washington. The Brookings Institution, 1975); and Gary Burtless and David Greenberg. "Measuring the Impact of Negative Income Tax Experiments on Work Effort,’’ I n d u s tr ia l a n d L a b o r R e la tio n s R e v ie w , July 1983. pp. 592-605 for a review of these results. xWorkers continue to be covered by gis as long as they maintain the required level of seniority. The requirements governing the loss of seniority while on layoff are complex and are subject to negotiation. Those workers currently eligible for the gis program will continue to be covered by it even if the program is not renewed in future contracts. Questions about eligibility and benefit levels are answered by the joint board (chaired by an independent member) that administers the gis program. T a x E x p e r im e n t 39 MONTHLY LABOR REVIEW July 1984 • Research Summaries Incentives in manufacturing: the carrot and the stick F r ederic L. P ryor To what degree do different incentives substitute for or complement each other in the manufacturing sector? Al though this question has received considerable attention on the plant level, relatively little information is available on the subject for the U.S. manufacturing sector as a whole. This study presents the results of a small survey designed to elicit information so as to determine the contours of this important problem. The study focuses on both positive and negative incen tives, that is, the carrot and the stick. Positive incentive plans tie the compensation of the individual workers directly with the work that is done and are of two basic types: Individual incentives include piecework or various types of bonuses for exceeding norms; Group incentives tie the bonus to the performance of the group as a whole, for example, profit-sharing plans, stock ownership plans, bonuses based on aggregative indicators such as production or productivity. Negative incentives are threats or actual use of punishment, including financial penalties. These include the hiring of additional supervisors to monitor the performance of work ers or firing workers for poor performance. Although some borderline cases can be cited for which it is difficult to determine whether a particular incentive is positive or neg ative, in most cases the distinction should be relatively clear. For the most part, both positive and negative incentives are unilaterally imposed, that is management-controlled (but often constrained by union contracts), in contrast to quality circles and labor-management committees which are bilat eral or cooperative efforts. I do not analyze these latter measures because they raise a set of considerations far from the major theme of this study. Because both positive and negative incentives serve many of the same ends, they can be substitutes for each other. However, it is also possible that some incentives are com plementary to each other. For instance, a high rate of su pervision may lead to a high rate of firing (a conjecture not supported by the data below) or individual and group in centives may accompany each other (a proposition which does receive support). Current economic theory tells us little about such relations of complementarity or substitution; such an analysis must, therefore, be carried out primarily on an empirical level. The sample A questionnaire consisting of about 65 questions was sent in the summer of 1981 to a stratified random sample of Frederic L. Pryor is a professor of economics at Swarthmore College. 40 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2,050 U.S. manufacturing establishments and addressed to the production manager.1 The questions focused on hourly plant employees and covered not only questions about in centives but also the opinions of the managers about the effectiveness of particular incentives and about the changes in the intensity of work.2 Three hundred and sixty usable replies were received, and the final sample represents plants employing slightly less than 86,000 production workers (about 0.62 percent of total manufacturing workers). Although the survey is too small to offer conclusive results, a number of propositions are generated which warrant more extensive testing. The characteristics of the plants in the sample parallel reasonably closely the characteristics of the total universe of U.S. manufacturing plants. The breakdown by two-digit industries (Standard Industrial Classification) is roughly similar to the United States as a whole.3 The size distribution of plants is quite close to that of the total universe of American plants with 100 workers or more; however, workers in plants with 50 to 99 employees are underrepresented by 40 percent. Therefore, the results obtained should be considered only as reflecting conditions in larger plants and more impersonal working conditions. Geographical distribution of the plants in my survey appears quite similar to the country as a whole4 and the percentage of unionized workers appears roughly the same as the entire manufacturing sector. In sum, al though the sample is not perfect, it appears to reflect the broad structure of the U.S. manufacturing sector except, as intended, for very small plants. The data collected differ from the compensation surveys of the Bureau of Labor Statistics in two important aspects. The bl s data focus on a narrow range of incentives at the level of the worker, whereas my data focus on a broad range of incentives at the level of plant (for any production workers within the plant). Positive incentives Plant managers were asked if they had an incentive plan system for a large proportion of their hourly plant workers and, if so, which of a variety of specified methods they used. Summary results concerning the usage of such plans are presented in table 1. Problems in presenting the data arise because many plants have more than one positive incentive plan; and in the most disaggregated classification (not given), those plants having plans with positive incentives averaged 1.4 different plans per plant. In the more aggregated classification presented in the table, roughly 30 percent of the plans report more than one type of incentive plan, and 16 percent of all plants (which cover 22 percent of the workers) have both personal and group incentive plans. This multiplicity of various pos itive incentive plans within a single plant suggest that at the plant level, such incentive systems are complementary. It appears likely, however, that within the plant different groups of workers may participate in different types of incentive Table 1. Reported usage of incentive plans for production workers1 [In percent] Plans Plants Production workers ............................................................ 100 100 Plants with any incentive p la n s ................... With personal incentive p la n s ................ P ie ce w o rk.............................................. Bonuses for exceeding norms2 . . . . Other3 .................................................... 54 31 16 16 2 59 38 17 23 1 With group incentive p la n s ...................... Profit sharing or profit bonuses . . . . Stock purchase ...................................... Bonuses based on aggregative indicators (production, sales, shipments) . . . Sharing cost savings, productivity increases............................................ 32 21 4 9 33 12 7 14 3 3 With miscellaneous p la n s ......................... 1 0 All plants 1The data for each category are presented net of all duplications. Hence, the sums of the parts are larger than the reported total, with the differences reflecting the extent to which various plants have several types of plans. 2These include plans based on "standard hour" or “ standard day” as well as “ in dividual production bonuses.” 3These Include bonuses for good attendance and base-pay increases for “ good work.” schemes. For instance, assembly line workers might have group bonuses, while those in subsidiary activities might have individual bonuses. If we examine the percentage of plants with positive in centive plans by industry, we find enormous variations in both personal and group incentives. In trying to understand this variation, I investigated a number of causal variables and the results can be briefly summarized. • Influence o f labor unions: There appears to be no sig nificant relationship between the presence of a labor union and the existence of personal incentive plans; however, group incentive plans (especially profit-sharing or stockownership plans for blue-collar workers) are less likely to be found in plants with labor unions. For example, only 19 percent of plants with a majority of hourly work ers which are unionized offered a group incentive plan, compared with 44 percent of plants with a majority of nonunion hourly workers. • Size o f plant: No interesting relationships were found except that profit-sharing or profit-bonus plans are used mostly in smaller plants. • Technology: I asked the production managers to classify the technology of their plant into one of six types: tra ditional hand technology, general machining, assembly line, continuous flow technology, machine tending, and other. Only a few significant relations were found (for example, plants using continual process technologies have fewer personal incentive plans). I found no evidence to back Norma W. Carlson’s contention5 that personal in centive plans are less likely to be found in machine-paced production, although the difference in our results may lie in the fact that I tried to classify technology of individual https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis plants, while she characterized the type of technology using an industrial classification. • Cost effectiveness o f such plans: It is difficult to deter mine the cost effectiveness to the manufacturer of using such plans. However, it is noteworthy that the rank order of industries using piecework or personal incentive plans is highly correlated with a similar rank ordering of in dustry in France.6 This suggests that use of certain tech nologies in the production of particular types of goods strongly influences the cost effectiveness of personal in centive plans. Negative incentives I asked each manager to designate the number of hourly plant employees for each immediate supervisor. The results (which can be obtained from the author) show a statistically significant and positive relationship between the number of workers per supervisor and the size of the plant. For in stance, 21 percent of the plants with fewer than 100 workers had 17 or more production workers per immediate super visor, while 33 percent of plants with more than 500 workers had this low a degree of supervision. Other factors such as the degree of unionization, the type of technology, and so forth were not found to be statistically related to the degree of supervision. Among the questions, I asked the production managers to rate the effectiveness of various types of incentives for increasing productivity. Of the 11 different measures pro vided in the list for that question, “ more supervision of workers” numbered among the least effective. However, they did rank “ more training of supervisory personnel” the single most effective measure to achieve higher productiv ity. This suggests that the managers consider the positive help that supervisors can give to their subordinates much more effective in raising productivity than the police role that the supervisors may play. In addition, I asked the production managers to provide the percentage of workers “ fired in the past year for poor job performance.” The quantitative results examined by industry are quite similar to previously unpublished b l s surveys on the phenomenon.7 The most important causal factor underlying the rate of firing appears to be the degree of unionization. For instance, in plants with a majority of production workers unionized, 5 percent or more workers were annually fired in only 25 percent of the plants; among plants with a majority of non union workers, this percentage was 44 percent. Such results parallel the findings of Charles Brown and James L. Medoff8 and Richard B. Freeman9, who present quite different types of evidence showing that unionization is inversely related to labor turnover. This phenomenon is more dramatically seen when we examine changes in the rate of firing poor workers when the unionization status of workers has changed. For instance, in my sample, the rate of firing poor workers 41 MONTHLY LABOR REVIEW July 1984 • Research Summaries increased over the last decade in 33 percent of the plants which are not unionized now but were unionized a decade ago; while this rate increased in only 20 percent of the plants which are now unionized but which were not unionized a decade ago. These results cannot tell us, however, whether the cause of this inverse relationship between labor turnover and unionization is due to the greater “ voice“ which union workers receive (an explanation offered by Freeman [1980], Brown and Medoff [1978] and others) or is due to union efforts to reduce the rate at which workers are fired. Are the two types of negative incentives complements to each other (as are the two types of positive incentives) or substitutes? At a particular time, such a relationship cannot be easily seen; however, the time series data suggest strongly that they are substitutes. For instance, where the ratio of supervisors to production workers has increased over the last decade, the rate of firing increased in only 24 percent of the plants; where the degree of supervision has decreased over the last decade, the rate of firing has increased in 42 percent of them. This inverse relationship between changes in the degree of supervision and changes in the degree of firing poor workers means that if plants cannot (either be cause of pressure from labor unions or other considerations) encourage productivity by firing poor workers, they appear to increase the rate of supervision instead. Positive and negative incentives compared Analyzing the degree to which positive and negative in centives are substitutes or complements raises some prob lems. Because the two types of negative incentives appear to be substitutes for each other, aggregating them and com paring the results with the aggregate results of the positive incentives does not seem a fruitful way of attacking the problem. Instead, a more disaggregative approach is re quired. The following is a comparison of some positive and neg ative incentives by presence of incentive plan and the num ber of production workers per immediate supervisor: Presence of personal incentive plan Yes Production workers per supervisor 1 through 8 ................... 9 through 16 ................ 17 and over .................. No 37 71 24 97 42 57 x2 = 13.5 Presence of group incentive plan Yes No 37 71 46 75 79 20 x2 = 8.6 The reported chi square statistics (y2) are uncorrected for the size of the sample. Both of the calculated statistics are significant at the .95 degree of confidence. The above results suggest that there is a statistically sig nificant inverse relationship between the use of incentive plans (particularly, individual incentive plans) and close supervision of workers. That is, the greater the use of in 42 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis centive pay systems, the lower the degree of supervisor, and vice versa. The relationship is revealed not only at a single point in time but in other calculations where changes in the use of positive incentives and changes in the degree of supervision are examined over time. Because intensive supervision and the rate of firing appear inversely related to each other and because intensive su pervision and the presence of positive incentives also appear inversely related, we might expect to find a positive rela tionship between the rate of firing and the presence of pos itive incentives. Although this complementary relationship can, indeed, be found for particular types of positive in centives (for example, piecerate) and the rate of firing, such a positive relationship on an aggregative basis is not ob served either at a single point in time or over time. T his small sample survey of the American manufactur ing sector suggests that positive incentives (individual and group plans) are complementary to each other, that major negative incentives (the rate of supervision and the rate of firing) are substitutes for each other, and that the positive incentives and the rate of supervision are also substitutes for each other. While it would be possible to carry out a similar survey on a much larger scale, more useful information could be gained if both plant and individual data could be obtained. That is, data on the types of workers within a given plant covered by particular types of incentives would be more useful than the plant data which I have collected. This in formation would provide a database permitting not only a much closer look at the suitability of particular types of incentives for particular types of workers but also would permit a closer monitoring of some important managerial efforts to increase productivity. Combined with data on plant performance, we could also begin the important task of assessing the effectiveness of particular types of incentives. --------F O O T N O T E S -------A cknow ledgment : The research for this study is part of a larger project that was financed by, and carried out at: Swarthmore College, the Centre d’économie quantitative et comparative at the Ecole des hautes études en sciences sociales (Paris) and the Institut universitaire des hautes études internationale (Geneva). I would like to thank these institutions for their aid. In addition, I would like to express my appreciation to David Granick, Clark Kerr, Marie Lavigne, Jerome A. Mark, Daniel Pryor, Millard H. Pryor, Jr., Millard H. Pryor Sr., Zora Pryor, and Richard Rubin for their useful comments and help at various stages of this research. All comparisons with U.S. manufacturing plants as a whole are made with the universe of plants in 1977, the last year for which detailed data were available to me. Almost all such comparisons are made with the census of manufacturing data for that year. 1The names of the plants were obtained from a direct mailing company whose master list was reported to contain 86 percent of all U.S. plants. To reduce the costs of the survey and to increase its coverage of total workers, the questionnaires were sent only to plants with more than 50 reported employees. 2The latter results are reported in Frederic L. Pryor, “ Some Economics of Sloth,” T h e S o c ia l S c ie n c e R e v i e w , 5, No. 1 (Fall 1983), pp. 82-102. 3The average coverage of production workers is 0.624 percent; the standard deviation of this ratio among the 20 two-digit manufacturing industries is 0.242. The most underrepresented industry in the sample is leather and leather products (sic 31), followed by rubber and plastic prod ucts (sic 30), and then printing and publishing (sic 27). The most over represented industry is electrical machinery (sic 36), followed by stone, glass and clay products (sic 32) and then tobacco and tobacco products (sic 21). The last industry, although overrepresented by the number of workers, is represented only by one plant. In most of the statistical work underlying this study, I combined the most underrepresented industries into one group. 4The Northeast region is somewhat underrepresented and the Deep South is somewhat overrepresented. Otherwise, the representation of the nine census regions is very close to the national distribution. 5Norma W. Carlson, “Time rates tighten their grip on manufacturing industries,” M o n th ly L a b o r R e v ie w , May 1982, pp. 15-23. 6Of the five industries in both the United States and France with the highest percentage of workers covered under such personal incentive plans, four are the same: textile (sic 22), apparel (sic 23), transportation equip ment (sic 37), and nonelectrical machinery (sic 35). Of the five industries https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in each nation with the least usage of such plans, four are the same: chemicals (sic 28), rubber and plastic products (sic 30), food and tobacco (sic 20 and 21 combined), and wood and furniture (sic 24 and 25 com bined). The French data come from Elisabeth Vlassenko, “ L’enquête sur la structure des salaires,” E c o n o m ie e t s ta tis tiq u e . No. 131 (March 1981), pp. 23-35; and L a s tr u c tu r e d e s s a la ir e s d a n s l ’in d u s tr ie e t le s s e r v ic e s en 1 9 7 8 in L e s c o lle c tio n d e / ’ i n s e e . Séries M., No. 90-91 (March 1981). 7A former plant manager raised an interesting objection at this point— namely, that neither my data nor the bls data on firing are very accurate because of ambiguities arising from treatment of the probationary period that each new worker serves. Before the end of this period, any worker can be “released” with ease; and it is unclear whether such actions are included in either the bls or my data on fired workers because personnel on the probationary period are not, in a very real sense, regular workers. 8Charles Brown and James L. Medoff, "Trade Unions in the Production Process,” J o u r n a l o f P o litic a l E c o n o m y , 86, No. 3 (June 1978), pp. 355— 78. 9Richard B. Freeman, “The Exit-Voice Tradeoff in the Labor Markets: Unions, Job Tenure, Quits, and Separations,” Q u a r te r ly J o u r n a l o f E c o n o m ic s , 94, No. 4 (June 1980), pp. 643-74. Carnegie-Mellon honors BLS Commissioner Commissioner of Labor Statistics Janet L. Norwood received an honorary Doctor of Laws degree May 14 from Carnegie-Mellon University. The citation read in part: Economist and statistician, methodological innovator, manager and government leader . . . As Commissioner of the Bureau of Labor Statistics in this its Centennial year, she is the guardian of the nation’s two most im portant statistical series—the unemploy ment rate and the consumer price index . . . Her own words and actions present to us the model of a dedicated civil servant and true professional: a commitment to ob jectivity and fairness, an insistence on candor at all times, protec tion of confidentiality, the constant pursuit of improvement and a willingness to change, and finally the maintenance of the highest standards of performance at all times . . . M ajor Agreements Expiring Next M onth This list of selected collective bargaining agreements expiring in August is based on contracts on file in the Bureau’s Office of Wages and Industrial Relations. The list includes agreements covering 1000 workers or more. E m ployer and location Alabama Power Company (Alabama) ............................................................. American Bakeries Company and 2 others (New York and New Jersey) ...................................................................... Industry Labor o rgan ization 1 Electrical Workers Food products ........................... (ib e w ) ................ Bakery and Tobacco Workers . . Beech Aircraft Corp. (Kansas and Colorado).................................................. N um ber o f w orkers 3,700 1,000 6 7S0 Champion International Corp.. Champion Papers Division (Canton. N.C.) . . Paper ......................................... Colt Industries, Inc., Fairbanks Morse Engine Division (Beloit. Wis.) . . . . Machinery.................................. Paperworkers......... ................ Steelworkers .............................. 1,650 1.150 Delaware Valley Set-Up Box Association (Pennsylvania)............................. Paper ......................................... Paperworkers.............................. 1,100 General Telephone Company of Florida (Florida) ......................................... Golden Gate Restaurant Association (California) ........................................... Communication ......................... Restaurants ................................ 8.800 3,500 Great Atlantic & Pacific Tea Company (Michigan) ...................................... Retail trade ................................ Electrical Workers ( i b e w ) ................ Hotel Employees and Restaurant Employees United Food and Commercial Workers Kroger Company, Detroit Branch (Michigan) ................................................ Retail trade ............................... United Food and Commercial Workers 5,200 Leviton Manufacturing Company. Inc. (New Y o rk )...................................... Maintenance Contractors agreement (Boston. Mass.)- .................................. Mechanical Contractors District of Columbia Association. Inc. (District of Columbia, Maryland, and Virginia) Mechanical Contractors District of Columbia Association. Inc. (District of Columbia) William Powell Company (Cincinnati. O hio).................................................. 'Affiliated with AFL-CIO except where noted as independent (Ind.). industry area (group of companies signing same contract). 44 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.000 2 000 6 OOO Construction ............................. 2,100 Construction ............................. 1.100 1,100 Developments in Industrial Relations First 1984 settlement in cement industry Lone Star Industries, Inc. and the Cement, Lime, Gypsum and Allied Workers Division of the Boilermakers union negotiated the first settlement in the 1984 round of bar gaining in the cement industry. In a deviation from past practice, the other companies did not soon settle on similar terms. The uncertainty about the course of bargaining was heightened by the union’s strike against the various oper ations of Lehigh Portland Cement Co. A union official con tended that the walkout was necessitated by a company effort “ to break up pattern bargaining in the cement industry by blaming workers for the cement industry’s problems.” Dur ing the last few years, the industry has been beset by prob lems stemming from high energy costs and increased imports that have been manifested in company mergers and shut downs. The Lone Star accord reflected these conditions, provid ing for what the union called “ minor gains in wages” of 25 cents an hour in each of the 3 years of the contract. The provision for automatic quarterly cost-of-living pay adjust ments was continued, but the adjustments, which begin in 1985, are payable only if the Consumer Price Index rises more than 7 percent during a 12-month period. Lone Star also agreed to a $2 increase in the pension rate, in three steps, bringing it to $22.50 a month for each year of credited service, and to a 10-cent increase in its 15-centan-hour financing of supplemental unemployment benefits. Other benefit changes included the elimination of two of the 12 annual paid holidays in the first year. One of the holidays will be restored in the second year. Paid vacations also were reduced, beginning when employees move from one length of service step to the next (such as from the 5year step to the 10-year step). Aerospace accord In the aerospace industry, 9,600 workers in St. Louis, Mo., were covered by a settlement between McDonnell Douglas Corp. and the Machinists union. The 3-year accord was patterned after the company’s earlier settlements with the Machinists and Auto Workers unions for the West Coast “ Developments in Industrial Relations” is prepared by George Ruben of the Division of Developments in Labor-Management Relations, Bureau of Labor Statistics, and is largely based on information from secondary sources. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis operations. (See Monthly Labor Review, April 1984, p. 49.) The terms included — • No specified pay adjustments except for increases of 5, 21, or 22 cents for employees in the highest grades. • Annual lump-sum payments equal to 3 percent of pay during the preceding 12 months. • Continuation of automatic quarterly cost-of-living pay ad justments, now limited to the highest paid 75 percent of the workers. • Lower pay rates for new employees. • A revision of the health insurance plan requiring em ployees to begin contributing $2 a week for single cov erage and $4 for family coverage, with each amount rising by 20 cents in both the second and third contract years. • An increase in the pension rate to $17 a month for each year of past service and $20 for each year of future ser vice, from $15 for all service. The workers also received a refund of contributions they had made prior to 1969, when the pension plan became fully company paid. The refund ranged up to $5,600 for some workers. • Increased life insurance and an improved savings plan. nlrb decisions The National Labor Relations Board announced two de cisions unfavorable to organized labor. In one decision, the board held that the National Labor Relations Act should not preclude managers from asking workers about union organizing activities or union sym pathies. This was a return to the guiding principle of labor law that had prevailed until 1980, when the board expanded the types of management contacts with employees that would be viewed as intimidation. In its 3 to 1 ruling, the board held that the 1980 decision “ improperly established a per se rule that completely dis regarded the circumstances surrounding an alleged inter rogation.” The 1984 ruling, which reversed the decision of an ad ministrative law judge, involved the Hotel Employees and Restaurant Employees union and Rossmore House, a private retirement home in California. According to the union, man agers of the home had violated the National Labor Relations Act by questioning Warren Harvey, an employee who had informed them he was attempting to organize fellow em- 45 MONTHLY LABOR REVIEW July 1984 • Developments in Industrial Relations ployees. The company did not deny that the managers had questioned Harvey and had expressed their determination to resist the organizing effort, but contended that they made no coercive or threatening statements. The dissenting opinion came from Donald Zimmerman, who said that the majority ruling “ ignores the reality that employers sometimes use subtle coercion during an organ izing campaign and fails to recognize that even open union adherents may be intimidated by such coercion.” In the other decision, the board held that it cannot order an employer who has committed unfair labor practices to negotiate with a union that is not supported by a majority of the workers in the bargaining unit. This reversed the position the board had taken in 1982 in another case. The current ruling reversed the finding of an administra tive law judge who had ruled that Gourmet Foods Inc. committed a number of unfair labor practices to thwart an organizing drive by the Teamsters and, therefore, should be required to bargain with the union, even though the union was not supported by a majority of the employees. Ac cording to the judge, the specialty foods company’s tactics had included threats to fire its employees and close the plant, located in St. Paul, Minn. In its 3 to 1 decision, the board said the bargaining order issued in the 1982 case involving Conair Corp. a New Jersey firm, was improper because it amounted to “ governmental imposition of a choice of representatives.” The board also said that the majority-rule principle is fundamental to the workers’ right to choose a union and must be maintained even in the most “ exceptional” cases. The dissent again came from board member Zimmerman who noted a 1969 Supreme Court decision that identified a class of unfair labor practices so coercive in nature that they prevented union elections from being held. He said that if the board does not use its power to correct such practices, it fails in its duty to “ preserve employee rights to self organization and free choice of a collective bargaining rep resentative.” Supreme Court rules on agency shop fees In a setback for organized labor, the Supreme Court re stricted the activities that unions in the railroad and airline transportation industries may finance using fees obtained from workers who object to the expenditures. The Court’s interpretation of the Railway Labor Act applies only to workers who are represented by a union in collective bar gaining but are not members of the union. The money at question is the so-called “ agency shop fee” paid by “ non members” in lieu of the dues paid by fellow employees who are members of the union. In the ruling, written by Justice Byron White, the Court said that if an employee objects, the employee’s agency shop payments cannot be used for organizing other workers or for paying union legal expenses for lawsuits over issues 46 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis not specifically related to the bargaining agreement covering the workers. However, the Justices said it is improper for a union to collect money from all employees it represents and then refund a portion of agency shop fees to employees who object to certain uses of the money. The Court said this amounted to involuntary loans to the union. The impact on unions was reduced somewhat by the Jus tices’ conclusion that, even if employees object, dues and agency shop fees can be used for conventions at which union officers are elected and bargaining goals are set, for refresh ments and social activities at business meetings of local unions, and for union publications, except articles regarding political activity. In a partial dissent, Justice Lewis Powell contended that convention costs should not be charged to agency shop fees. Union attorneys said the decision was limited because it does not apply to workers in other industries who are cov ered by the National Labor Relations Act; because it does not limit spending for conventions, the largest expenditure of the union involved in the case; and because comingling of agency shop fees and dues for all purposes is legal unless dissenters inform the union of their objection. The case, Ellis v. Brotherway o f Railway Clerks, was initiated by employees of Western Airlines who sued over use of the agency shop payments they were making to the union. Law firms not exempt from Title VII The Supreme Court held that a law firm must comply with Federal anti-discrimination laws when deciding which members of the firm should be elevated to partners. The ruling also means that firms with more than 15 employees will be subject to scrutiny by the Equal Employment Op portunity Commission, which enforces the law, Title VII of the Civil Rights Act of 1964. (Title VII bars discrimi nation in hiring and firing in any “ terms, conditions or privileges of employment” because of a person’s race, sex, religion, or national origin.) The case began in 1980, when Elizabeth Anderson Hishon sued her former employer, the Atlanta law firm of King and Spalding, asserting that it had engaged in sex discrimination when it passed her over for partnership. According to Hishon, when she started with the firm in 1972 she had been prom ised that she would be considered “ on a fair and equal basis” for partnership. The Supreme Court said this promise may have created a contract which Hishon can try to prove was violated. The Court remanded the case to Federal Dis trict Court in Atlanta for trial. The law firm argued before the Supreme Court that Title VII did not apply to the case because selection of partners is a business decision rather than an employer-employee relationship. The unanimous decision, written by Chief Jus tice Warren Burger, said that there was no historical evi dence that the Congress meant to exempt law firms from Title VII coverage. Burger said the possibility of becoming a partner “ may qualify as a privilege of employment’’ that “ may not be doled out in a discriminatory fashion.” Hishon, now a partner in another Atlanta law firm, asked for damages and back pay from King and Spalding. In 1978, when she was passed over for partnership, King and Spald ing had never had a female partner. Currently, two of its 64 partners are women. A survey of large law firms con ducted by the National Journal newspaper showed that women make up 30.4 percent of all associates in the firms, but only 5 percent of the partners. Public utility settlements In the electric power industry, Public Service Co. of Indiana and the International Brotherhood of Electrical Workers ( ibew) negotiated a 1-year extension of an agree ment scheduled to expire on April 30. The settlement did not provide for any changes in wages or benefits for the 2,200 workers. The ibew also settled with Central Maine Power Co. for more than 1,000 workers. The 2-year contract provided for 3 percent pay increases at the beginning of each contract year. Benefit changes included adoption of a savings and investment plan and adoption of a $100 annual deductible for basic medical benefits. In New Jersey, Public Service Electric and Gas Co. and three unions negotiated 3-year contracts that called for wage increases of 5.32, 5.05, and 6 percent on May 1 of 1984, 1985, and 1986, respectively. Other terms for the 7,300 workers included increased pension benefits and adoption of prescription drug plan. The unions were the ibew, the Plumbers and Pipefitters, and the Utility Co. Workers As sociation. Seven thousand employees of Southern California Gas Co. were covered by 2-year contracts with the Utility Work ers and Chemical Workers unions that called for a 6-percent pay increase in the first year and a 5.5-percent increase in the second. Prior to settlement, their pay averaged $12.04 an hour. A provision for automatic cost-of-living pay ad justments was terminated, and annual health insurance de ductibles paid by workers were raised to $200, from $100. In Pennsylvania, 1,100 workers were covered by a set tlement between West Penn Power Co. and the Utility Workers. The accord provided for a 5-percent increase in all pay rates except starting rates for new employees, which were not changed. The bargaining was conducted under a wage reopening provision of a contract scheduled to expire in 1986. Insurance contract features new pension plan Metropolitan Life Insurance Co. and the Professional In surance, Finance and Health Care Division of the United https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Food and Commercial Workers negotiated a 3-year contract that included provisions for a new pension plan and for moderating the company’s cost for health insurance. The new pension plan, established under Section 401 (k) of the Internal Revenue Code, permits the 3,000 insurance agents to defer taxes on their 3-percent (of earnings) con tributions into the pension plan until they begin drawing money from the plan at age 59 Vi or later. Metropolitan also contributes an equal amount to the basic plan. The plan is linked to the existing savings and investment plan enabling the agents to designate an additional 1 to 10 percent of their earnings into either the basic plan or the savings and in vestment plan, or to divide the amount between each. The provisions to hold down health care costs include a $356 annual deductible for individuals and $712 for fami lies, and 90 percent payment for most medical expenses. The exceptions include 100 percent reimbursement, with no deductible, for surgery, preadmission testing, home health care, hospice care, and confinement in extended care fa cilities; no reimbursement of hospital room and board charges for Fridays and Saturdays if admissions on those days are not of an emergency nature; and 100 percent reimbursement with no deductible for second surgical opinions. (If an em ployee does not obtain a second opinion for certain non emergency surgical procedures, the plan only covers 50 percent of the cost above the deductible.) Under the previous plan, there was a $100 deductible for out-of-hospital expenses and the company paid 80 percent of any additional expense. In-hospital expenses were fully covered if they did not exceed reasonable and customary charges In any case, under the new contract the maximum annual cost to an employee for deductibles and coinsurance will equal 5 percent of annual income, with a minimum of $750 and maximum of $2,500. The employee contribution toward health insurance was changed to $2.50 a week for self-only coverage and $6 a week for family coverage. Previously, agents with 3 years or more of service paid $1.25 for self-only coverage and $3 for family coverage, and those with less service paid $2.75 for self-only coverage and $6 for family coverage. The company also established a division to aid the agents in selling group insurance to employees in large national organizations such as business firms and trade associations. In conjunction with this action, the parties agreed on a schedule of payments to the agents for the various activities involved in selling the coverage. The parties also agreed on a new commission schedule that pays larger percentage amounts to employees who sell a broad line of policies rather than concentrating on a few types. D 47 Book Reviews The transformation of work The Work Revolution. By Gail Garfield Schwartz and Wil liam Neikirk. New York, Rawson Associates, 1983. 255 pp. $14.95. Changes in technology, international trade patterns, and immigration flows are all part of a “ work revolution” in the United States. The number and kinds of jobs, workplace interactions, skill requirements, and education and training resources have been, or will be, affected by these changes. The authors— Gail Garfield Schwartz, a Washington-based economic consultant, and William Neikirk, the Chicago Tribune’s economic correspondent— feel that the problems surrounding these changes have not been well defined and that outdated solutions have been applied in an effort to resolve them. Drawing from their own knowledge, as well as that of other researchers, they raise important policy issues about, and offer solutions to, a topical and immediate concern— structural change in the American economy. The main theme throughout the narrative is “ what was true in the past is not going to be true in the future.” But strict adherence to this philosophy does not always serve the au thors; history is often the best teacher. The primary purpose of the book is to provide a glimpse of the future of work from the authors' viewpoint. In the first half of the book, the authors attempt to qualify and somewhat quantify the depth of the job crisis that will be experienced by American workers as a result of a growth in factory and office automation, imports, and the illegal immigrant work force. Although the book is very infor mative, some of the findings are loosely substantiated and rest more on conjecture than fact. However, information on how future workers should proceed with their education and their job search is of considerable value. The acquisition of transferable skills, applicable to a broad range of jobs is recommended. An example given is computer competence. The technological revolution in information management and communication is the force behind the new “ knowl edge-based economy.” The authors argue that changes will spread rapidly and echo the agricultural revolution and not the industrial revolution. That is, the trend will be much higher output with fewer workers. Worker displacement will greatly exceed job creation. However, the authors offer no persuasive evidence that the increase in technology will have 48 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis such a rapid impact on the work force. They assume that the escalating cost of capital relative to labor will not inhibit the substitution of capital for labor in the workplace. For example, the exorbitant cost of robotic technology, espe cially to small and medium size firms, raises reasonable doubt that this indeed will be the case. Also, the less dra matic findings of the employment effects of robotics and microelectronics reported in other studies are dismissed rather nonchalantly. Frequently, only one side of an argument is presented. For example, the authors discuss the Americanmade products assembled outside our borders but fail to mention the growing number of American workers who assemble foreign cars and other foreign products in the United States. In the authors’ view, the impact of technological change will be greater than in the past because service sector au tomation will impede the traditional flow of workers from goods to services. The supportive evidence is representative of the analysis in the first half of the book. No consistent time period was analyzed, and there is a tendency to confuse cyclical (short run) changes with structural (long run) changes. The authors note, for example, that between 1973 and 1976 (primarily a recessionary period), employment growth in the banking industry averaged 3.2 percent, compared with 4.5 percent between 1960 and 1973. Therefore, they con cluded that computer technology in the industry was slowing employment growth. Not noted, however, is that post-1976 employment growth in the banking industry has averaged more than 4.5 percent annually. “ The whole technology threat would be much more man ageable if it were not for another big job threat— foreign competition.” The authors touch on a number of important international issues— technological dispersion, protection ism, and lower foreign compensation levels to name a few— that may affect domestic employment. They suggest a strat egy of specialization; that is, we should place more emphasis on the more sophisticated forms of technology. New hightech professional jobs would create as many, if not more, jobs in support industries, although they downplay the extent of this relationship. Estimating the number and kinds of jobs offers a real challenge. Occupational projections by the Bureau of Labor Statistics ( b l s ) for the 1990’s are heavily criticized. In the author’s words, “ That initial ( b l s ) job projections proved to be in error is no accident. These forecasts are derived on the basis of assumptions that are debatable at best.” True, the well-documented bl s projections were off the mark in the early 1980’s, probably because of the recession. Besides failing to note the recession, the authors neglected to point out that bls projections include three trend scenarios— high, moderate, and low— in which the underlying assumptions about each trend vary. Some of the assumptions in the alternative specifications are the same as those suggested by the authors. Although they present alternative occupa tional projections, there is no way to evaluate them. Neither the methodology nor the underlying assumptions are pro vided. Interestingly, the authors use bl s projections when the data support a specific argument or finding. In the chapter, “ Who Works? The War Over Jobs,” the authors contend that “ the diminishing stream of youth will be offset by a growing number of immigrants and older women in the work force, and older male workers will stay in the work force longer.” That is, there will be fewer job opportunities throughout the labor force. But recent labor force participation trends show a continuing decline in par ticipation among men, especially those over 55 years, while the upward trend in women’s participation has slowed. Bas ically, the whole squeezing opportunity notion rests on trends in immigration. Illegal immigration flows” are difficult to measure accurately. Even the authors’ projection of legal immigration may be somewhat high because it is based on the 1980-81 period when an unusually large number of Southeast Asian refugees entered the country. In the last half of the book, the authors turn from trying to persuade the reader of the extent of the job crisis to what can be done about it. “ What are the chances that a 35- to 40-year-old man who has toiled in a factory job all his working life can be successfully retrained to find another job in another industry?” The authors believe that the so lution is more jobs and more leisure (shorter workweek), with an emphasis on innovation and discovery and a re vamped educational system attuned to teaching analytical skills. The ability of a shortened workweek to reduce unem ployment is overstated. It is “ not a one job created, one less unemployed person,” proposition. The authors’ esti mates fail to recognize the dynamic aspects of the labor market. Specifically, a shortened workweek will, in all probability, increase the flow of people from outside the labor force to the work force. Many part-time workers, especially those already seeking full-time work, may bid for these jobs. The number of multiple jobholders may also increase. That is, many of the new jobs created by a short ened workweek will be filled by existing workers or from people outside the labor force. In coping with the work revolution, the authors view the government’s role as follows: (1) provide information that helps match skills with available jobs; (2) assist people in financing their education or training through a loan program, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis if necessary; and (3) provide jobs that will benefit the com mon welfare of the country. The second idea seems to be the most innovative in that it is open to all workers. Although the last idea sounds like a Public Service Employment pro gram, the authors claim that it is different because it is not limited in scope and mission. They envision the creation of “ public-interest jobs” to rebuild the vast infrastructure of American life from bridge and road repair to providing adequate health care to the poor and the elderly. Costs would be offset by an increase in tax revenues through tax reform and through the larger number of jobholders which, in turn, would mean less welfare and unemployment insurance ben efit outlays. The question of how to finance public-interest jobs is treated only superficially. The authors admit that “ the com plexities involved in changing tax law are much beyond the scope of this book.” Moreover, there are other unaddressed questions bearing on overall program cost such as how many people will need training to fill public-interest jobs and who will provide and pay for it. “ Ringing the job crisis alarm also signals new opportun ities.” A high-tech society can use its technology to prepare for it, although the work revolution and job crisis is less dire than the limited evidence presented here suggests. — R o ber t W . B edna rzik Division of Foreign Economic Research Bureau of International Labor Affairs Publications received Agriculture and natural resources Chambers, Robert G., “ Agricultural and Financial Market Inter dependence in the Short Run,” The American Journal of Agricultural Economics, February 1984, pp. 12-24. Miranowski, John A., “ Impacts of Productivity Loss on Crop Production and Management in a Dynamic Economic Model,” The American Journal of Agricultural Economics, February 1984, 61-71. Pope, Rulon D. and Rod F. Ziemer, “ Stochastic Efficiency, Nor mality, and Sampling Errors in Agricultural Risk Analysis,” The American Journal of Agricultural Economics, February 1984, pp. 31-40. Economic growth and development “ Papers and Proceedings of the 96th Annual Meeting of the Amer ican Economic Association, San Francisco, Calif., Dec. 2830, 1983,” The American Economic Review, May 1984, pp. 1-463. Rapping, Leonard A., “ Bureaucracy, the Corporation, and Eco nomic Policy, ” Journal of Post Keynesian Economics, Spring 1984, pp. 337-53. Rubin, Michael Rogers, Information Economics and Policy in the United States. Littleton, Colo., Libraries Unlimited, Inc., 1983, 340 pp. $35, U.S.; $42, other countries. Schweitzer, Thomas T ., The Alberta Economy 1980-2000: Theme 49 MONTHLY LABOR REVIEW July 1984 • Book Reviews and Variations. Ottawa, Ontario, Economic Council of Can ada, 1983, 143 pp. (Discussion Paper, 246.) Economic and social statistics Forstall, Richard L. and Maria Elena Gonzalez, “ Twenty Ques tions: What You Should Know About the New Metropolitan Areas,” American Demographics, April 1984, pp. 22-31. Holdrich, Martin, “ Prospects for Metropolitan Growth,” Amer ican Demographics, April 1984, pp. 32-37. Richardson, Jacques, ed., Models of Reality: Shaping Thought and Action. Mt. Airy, Md., Lomond Publications, Inc., 1984, 328 pp. $22.95. Solon, Gary, Estimating Autocorrelations in Fixed-Effects Models. Cambridge, Mass., National Bureau of Economic Research, Inc., 1984,46 pp. ( n b e r Technical Paper Series, 32.) $1.50, paper. Spirer, Herbert F. and A. J. Jaffe, “ Misuses of Statistics: Lessons for Statisticians, Nonstatisticians, Students and Teachers,” The American Journal of Economics and Sociology, April 1984, pp. 205-16. Stemlieb, George and James W. Hughes, “ The Housing Loco motive and the Demographic Caboose,” American Demo graphics, March 1984, pp. 22-27. U.S. Bureau of Labor Statistics, Occupational Employment in Mining, Construction, Finance, and Services. Washington, 1984, 94 pp. (Bulletin 2186.) Stock No. 029-001-028016. $3.75, Superintendent of Documents, Washington 20402. U.S. Department of Commerce, County and City Data Book. 1983. 10th ed. Washington, U.S. Department of Commerce, Bureau of the Census, 1983, 996 pp. Stock No. 003-010-058332. $24, Superintendent of Documents, Washington 20402. Walsh, Doris, “ Consider Collegetowns,” American Demograph ics, April 1984, pp. 17-21. Health and safety Princeton University, Health Care Cost Containment. Prepared by Katherine Bagin. Princeton, N.J., Princeton University, In dustrial Relations Section, 1983, 4 pp. (Selected References, 218.) 50 cents. U.S. Bureau of Labor Statistics, Occupational Injuries and Ill nesses in the United States by Industry, 1982. Washington, 1984, 52 pp. (Bulletin 2196.) Stock No. 029-001-028067. $2.75, Superintendent of Documents, Washington 20402. Wells, Grady, “ Healthy Growth for h m o s , ” American Demo graphics, March 1984, beginning on p. 34. Industrial relations American Enterprise Institute for Public Policy Research, Pro posals for Line-Item Veto Authority. Washington, 1984, 30 pp. ( a e i Legislative Analyses, 4 1 ,98th Cong., 2d sess.) $3.95, paper. Baird, Charles W., Opportunity or Privilege: Labor Legislation in America. Bowling Green, Ohio, Bowling Green State Uni versity, Social Philosophy and Policy Center, 1984, 97 pp. (Studies in Social Philosophy and Policy, 4.) $6.95, paper. Blanpain, R. and F. Millard, eds., Comparative Labour Law and Industrial Relations. Hingham, Mass., Kluwer Law and Tax ation Publishers, 1982, 411 pp., bibliography. Bloom, Howard M., “ Supervisor/Bargaining Unit Member Par ticipation in Union Removal Efforts: Is the Company Re- 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sponsible?” Labor Law Journal, April 1984, pp. 216-24. Bogue, Bonnie G. and Clara Stem, “ An Analysis of 1981-83 Strikes in California’s Public Sector,” California Public Em ployee Relations, March 1984, pp. 9-16. Deery, Stephen, “ The Impact of Technological Change on Union Structure: The Waterside Workers Federation,” The Journal of Industrial Relations, December 1983, pp. 399-414. Dellinger, Royal S., “ Implementing the Job Training Partnership Act,” Labor Law Journal, April 1984, pp. 195-204. Duff, Karl J., “ Japanese and American Labor Law: Structural Similarities and Substantive Differences,” Employee Rela tions Law Journal, Spring 1984, pp. 629-41. Geslewitz, Irving M., “ Case Law Development Since Nolde Brothers: When Must Post-Contract Disputes Be Arbitrated?” Labor Law Journal, April 1984, pp. 225-39. Gould, William B., Japan's Reshaping of American Labor Law. Cambridge, Mass., The m i t Press, 1984, 193 pp. $19.95. Hermann, Donald H. J., “ Clerical Employees, Religious Enter prises, and Collective Bargaining,” Labor Law Journal, April 1984, pp. 205-15. “ Judicial Decisions in the Field of Labour Law.” International Labour Review, March-April 1984. pp. 183-201. Kruchko, John G. and Jay R. Fries, “ Hospital Strikes: Complying with n l r a Notice Requirements,” Employee Relations Law Journal, Spring 1984, pp. 566-79. Leap, Terry L., Health and Job Retention: The Arbitrator's Per spective. Ithaca, N.Y., Cornell University, New York State School of Industrial and Labor Relations, 1984, 60 pp. (Key Issues, 26.) $ 6 , i l r Press, Ithaca, N.Y. Leonard, Jonathan S., Unions and Equal Employment Opportu nity. Cambridge, Mass,, National Bureau of Economic Re search, Inc., 1984, 37 pp. ( n b e r Working Paper Series, 1311.) $1.50, paper. Liebert, John and Siona D. Windsor, “ Unilateral Action on Bargainable Issues: What Is Authorized, What Is Not,” Cali fornia Public Employee Relations, March 1984, pp. 2-8. Marett, Pamela C., “ Japanese-Owned Firms in the United States: Do They Resist Unionism?” Labor Law Journal, April 1984, pp. 240-50. . Marginson, Paul M., “ The Distinctive Effects of Plant and Com pany Size on Workplace Industrial Relations,” British Jour nal of Industrial Relations, March 1984, pp. 1-14. Mroczkowski, Tomasz, “ Is the American Labour-Management Relationship Changing?” British Journal of Industrial Re lations, March 1984, 47-62. Nyden, Philip W., Steelworkers Rank-and-File: The Political Economy of a Union Reform Movement. New York, Praeger Publishers, 1984, 166 pp., $25.95. Smith, W. Rand, “ Dynamics of Plural Unionism in France: The [Confédération Générale du Travail] c g t , [Confédération Française, Démocratique du Travail] c f d t and Industrial Con flict,” British Journal of Industrial Relations, March 1984, pp. 15-33. Stewart, Mark B., “ Relative Earnings and Individual Union Mem bership in the United Kingdom,” Economies, May 1983, pp. 111-25. Stubbs, Daniel G. and Bruce J. Blanning, “ Two Years of State Bargaining: A Description and Analysis,” California Public Employee Relations, March 1984, pp. 17-27. International economics Gaude, J., N. Phan-Thuy, C. Van Kempen, “ Evaluation of Special Public Works Programmes: Some Policy Conclusions,” In ternational Labour Review, March-April 1984, pp. 203-19. Goldberg, Mark, “ William E. Brock on International Trade: An Interview,” The Brookings Review , Spring 1984, pp. 26-31. “ Judicial Decisions in the Field of Labour Law.” International Labour Review, March-April 1984, pp. 183-201. Raynauld, A., J.-M . Dufour, D. Racette, Government Assistance to Export Financing. Ottawa, Ontario, Economic Council of Canada, 1983, 125 pp., bibliography. $7.95, Canada; $9.55, other countries. Sender Henriette, “ Opening Japan’s Financial Markets,” Dun’s Business Month, May 1984, beginning on p. 66. Standing, Guy, “ The Notion of Technological Unemployment,” International Labour Review, March-April 1984, pp. 127— 47. Tisdell, Clem and T’eo Ian Fairbairn, “ Subsistence Economies and Unsustainable Development and Trade: Some Simple Theory,” The Journal of Development Studies, January 1984, pp. 227-41. Vandamme, François, “ The Revised European Social Fund and Action to Combat Unemployment in the European Commu nity,” International Labour Review, March-April 1984, pp. 167-81. Labor force Association of Part-Time Professionals, Part-Time Employment in America: Highlights of the First National Conference on PartTime Employment. McLean, Va., 1984, 82 pp. $21.95, pa per. Available from a p t p , P.O. B o x 3419, Alexandria, Va. 22302. Borus, Michael E., ed.. Youth and the Labor Market: Analyses of the National Longitudinal Survey. Kalamazoo, Mich., The W. E. Upjohn Institute for Employment Research, 1984, 295 pp. $20.95, cloth; $13.95, paper. Breton, Albert, Marriage, Population, and the Labour Force Par ticipation of Women. Ottawa, Ontario, Economic Council of Canada, 1984, 33 pp. $4.95, Canada; $5.95, other countries. Available from Canadian Government Publishing Center, Supply and Services Canada. Disney, R. and E. M. Szyszczak, “ Protective Legislation and Part-Time Employment in Britain,” British Journal of In dustrial Relations, March 1984, pp. 78-100. Great Britain, Department of Employment, “ Human Values in Working Life,” Employment Gazette, February 1984, begin ning on p. 54. ------“ Labour Force Outlook for Great Britain,” Employment Ga zette, February 1984, pp. 56-64. ------“ Regional and Age Variations in Unemployment Flow,” Employment Gazette, February 1984, pp. 65-71. Hamermesh, Daniel S., The Demand for Labor in the Long Run. Cambridge Mass., National Bureau of Economic Research, Inc., 1984,53 pp. ( n b e r Working Paper Series, 1297.) $1.50, paper. Levitan, Sar, The Changing Work Place: Perceptions, Reality. Washington, American Council of Life Insurance, Trend Analysis Program, 1984, 19 pp. MaCoy, Ramelle and Martin J. Morand, eds., Short-Time Com pensation: A Formula for Work Sharing. New York, Per- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis gamon Press, Inc., 1984, 218 pp. $23.50. Robey, Bryant and Cheryl Russell, “ A Portrait of the American Worker,” American Demographics, March 1984, pp. 1621. Scotland, Manpower Services Commission, Closure at Linwood: A Follow-up Survey of Redundant Workers. Prepared by Douglas Payne. Edinburgh, Scotland, Manpower Services Commission, Office for Scotland, 1984, 30 pp. Standing, Guy, “ The Notion of Technological Unemployment,” International Labour Review, March-April 1984, pp. 127— 47. U.S. Bureau of Labor Statistics, Employment, Hours, and Earn ings, States and Areas, 1939-82: Vol. I, Alabama-Nevada: Vol. II, New Hampshire-Wvoming. Washington, 1984, 947 pp. (Bulletin 1370-17.) Stock No. 029-001-02800-8. $11. Superintendent of Documents, Washington 20402. -------------- Emplovment Projections for 1995. Washington, 1984, 184 pp. (Bulletin 2197.) Stock No. 029-001-02805-9. $5.50, Superintendent of Documents, Washington 20402. -------------- Jobs and Prices in a Recovering Economy. By Janet L. Nor wood. Washington, 1984, 10 pp. (Report 704.) Weinberg, Edgar, Employment Security in a Changing Workplace. Scarsdale, N.Y., Work in America Institute, Inc., 1984, 69 pp., bibliography. (Work in America Institute Studies in Pro ductivity: Highlights of the Literature, 34) $35, paper, Per gamon Press, Inc., New York. Weiner, Stuart E., “ Enterprise Zones as a Means of Reducing Structural Unemployment,” Economic Review, Federal Re serve Bank of Kansas City. March 1984, pp. 3-16. Management and organization theory Alexander, Kenneth O., “ The Promise and Perils of Worker Par ticipation in Management,” The American Journal of Eco nomics and Sociology, April 1984, pp. 197-204. Crockett, Geoffrey and Peter Elias, “ British Managers: A Study of Their Education, Training, Mobility and Earnings,” Brit ish Journal of Industrial Relations, March 1984, pp. 34-46. Crosby, Philip B., Quality' Without Tears: The Art oj Hassle-Free Management. New York, McGraw-Hill Book Co., 1984, 205 pp. $18.95. Fear, Richard A., The Evaluation Interview. 3d ed. New York, McGraw-Hill Book Co., 1984, 330 pp. $29.95. Joyce, Paul and Adrian Woods, “ The Management of Conflict: A Quantitative Analysis,” British Journal of Industrial Re lations, March 1984, pp. 63-77. McConkey, Dale D., How to Manage by Results. 4th ed. New York, a m a c o m , American Management Associations, 1983, 301 pp. Monetary and fiscal policy Carron, Andrew S., “ Banking on Change: The Reorganization of Financial Regulation,” The Brookings Review, Spring 1984, pp. 12-21. Harriss, C. Lowell, “ Important Issues and Serious Problems in Flat-rate Income Taxation,” The American Journal of Eco nomics and Sociology, April 1984, pp. 159-62. Rubin, Irene S., “ Marasmus or Recovery? The Effects of Cutbacks in Federal Agencies,” Social Science Quarterly, March 1984, pp. 74-88. Solomon, Robert, “ Budget Deficits and Federal Reserve Policy,” 51 MONTHLY LABOR REVIEW July 1984 • Book Reviews The Brookings Review, Spring 1984, pp. 22-25. Prices and living conditions Booth, Laurence D., “ Total Price Uncertainty and the Theory of the Competitive Firm,"Economica, May 1983, pp. 183-91. Kahn, George A., “ Theories of Price Determination,” Economic Review, Federal Reserve Bank of Kansas City, April 1984, pp. 16-27. Stanley, Thomas J. and George P. Moschis, “ America’s Afflu ent,” American Demographics, March 1984, pp. 28-33. politan Area, December 1983 (Bulletin 3020-68, 27 pp., $3.25); Seattle-Everett, Washington, Metropolitan Area, December 1983 (Bulletin 3020-69, 29 pp., $3.50); San Diego, California, Metropolitan Area, December 1983 (Bul letin 3020-70, 43 pp., $3.75); Jackson, Mississippi, Met ropolitan Area, January 1984 (Bulletin 3025-1, 28 pp., $3.25); Minneapolis-St. Paul, Minnesota — Wisconsin, Metropolitan Area, January 1984 (Bulletin 3025-2, 56 pp., $4); York, Pennsylvania, Metropolitan Area, January 1984 (Bulletin 3025-3, 43 pp., $3.75); Pittsburgh, Pennsylva nia, Metropolitan Area, January 1984 (Bulletin 3025-4, 42 pp., $3.75). Available from the Superintendent of Docu ments, Washington 20402, g p o bookstores, or b l s regional offices. Productivity and technological change Lee, J. H., “ The Measurement and Sources of Technological Change Biases, with an Application to Postwar Japanese Ag riculture,” Economica, May 1983, pp. 159-73. Morris, Charles S., “ The Productivity ‘Slowdown’: A sectoral Analysis,” Economic Review, Federal Reserve Bank of Kan sas City, April 1984, pp. 3-15. U.S. Bureau of Labor Statistics, Technological Change and Its Labor Impact in Four Industries: Hosiery, Folding Paperboard Boxes, Metal Cans, Laundry and Cleaning. Washing ton, 1984, 44 pp. (Bulletin 2182.) Stock No. 029-001-028021. $2, Superintendent of Documents, Washington 20402. Wages and compensation Alexander, Judith A., Equal-Pay-for-Equal Work Legislation in Canada. Ottawa, Ontario, Economic Council of Canada. 1984, 81 pp. (Discussion Paper, 252.) Ashenfelter, Orley and Richard Layard. “ Incomes Policy and Wage Differentials,” Economica, May 1983. pp. 127-43. Eaton, Curtis and William D. White. “ The Economy of High Wages: An Agency Problem,” Economica, May 1983, pp. 175-81. Gruñe, Joy Ann and Nancy Reder, “ Addendum— Pay Equity: An Innovative Public Policy Approach to Eliminating Sex-Based Wage Discrimination,” Public Personnel Management, Spring 1984, pp. 70-80. Lazear, Edward P., Incentives and Wage Rigidit}'. Cambridge, Mass., National Bureau of Economic Research, Inc., 1984, 12 pp. ( n b e r Working Paper Series, 1299.) $1.50, paper. Milkovich, George T. and Jerry M. Newman, Compensation. Plano, Tex., Business Publications, Inc., 1984, 549 pp. $28.95. Saucier, Peter S. and John A. Roberts, “ Unemployment Com pensation: A Growing Concern for Employers,” Employee Relations Law Journal, Spring 1984, pp. 594-604 . Steinke, John, “ The Long-Term Decline in the Standard Working Year,” The Journal of Industrial Relations, December 1983, pp. 415-30. U.S. Bureau of Labor Statistics, Area Wage Surveys: Salt Lake City-Ogden, Utah, Metropolitan Area, November 1983 (Bul letin 3020-65, 30 pp., $3.50); Dayton, Ohio, Metropolitan Area, December 1983 (Bulletin 3020-66, 44 pp., $3.75); Dallas-Fort Worth, Texas Metropolitan Area, December 1983 (Bulletin 3020-67, 55 pp., $4); Portland Maine, Metro 52 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -------------- Industry Wage Survey: Communications, October-December 1981 . Prepared by Jonathan W. Kelinson. Washington, 1984, 15 pp. (Bulletin 2188.) Stock No. 029-001-02797-4. $1.50, Superintendent of Documents, Washington 20402.1 -------------- Industry Wage Survey: Women’s and Misses’ Dresses, August 1982. Prepared by Norma W. Carlson. Washington, 1984, 38 pp. (Bulletin 2187.) Stock No. 029-000-02796-6. $2, Superintendent of Documents, Washington 20402. Welfare programs and social insurance Aaron, Henry J. and Gary Burtless, eds., Retirement and Economic Behavior. Washington, The Brookings Institution, 1984, 353 pp. $31.95, cloth; $11.95, paper. Charles D. Spencer and Associates, Inc., Early and Postponed Retirement Both Increasing, 1978-83 [Age Discrimination in Employment Act] a d e a Experience Survey Shows. Chicago, 111., 1984, 5 pp. Gaver, Dean A. and Irvin M. Freilich, “ Pension Plan Termina tions: Background, Implications,” Pension World, April 1984, pp. 53-55. Hershman, Arlene, “ Behind the Decline in Pension Costs,” Dun’s Business Month, May 1984, pp. 62-66. Mazo, Judith F., “ Women and Pensions: What Congress is Doing About Them,” Pension World, February 1984, pp. 30-32. Wise, David and Laurence J. Kotlikoff, Labor Compensation and the Structure of Private Pension Plans: Evidence for Con tractual Versus Spot Labor Markets. Cambridge, Mass., Na tional Bureau of Economic Research, Inc., 1984, 33 pp. ( n b e r Working Paper Series, 1290.) $1.50. Worker training and development Merrilees, W. J., “ Towards an Integrated System of Vocational Training Programmes: The Youth Guarantee Concept,” The Journal of Industrial Relations, December 1983, pp. 46584. National Council on Employment Policy, Back to Basics Under [the Job Training Partnership Act] jtp a : A Policy Statement. Washington, The National Council on Employment Policy, 1983. 21 pp. Weiermair, Klaus, Apprenticeship Training in Canada: A Theo retical and Empirical Analysis. Ottawa, Ontario, Economic Council of Canada, 1984, 244 pp. (Discussion Paper, 250.) Current Labor Statistics Notes on Current Labor Statistics........................................................................... ..................................... 54 Schedule of release dates for major BLS statistical series.................. ................................................ 54 Employment data from household survey. Definitions and notes ......................................................... 55 55 56 57 58 58 59 59 59 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, seasonallyadjusted . . . . Employment status of the civilian population, by sex, age, race, and Hispanic origin, seasonally adjusted .............. Selected employment indicators, seasonally adjusted............................................................................................ Selected unemployment indicators, seasonally adjusted........................................................................................ Unemployment rates, by sex and age, seasonally adjusted ................................................................................... Unemployed persons, by reason for unemployment, seasonally adjusted................................................................ 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, seasonally adjusted ...................................... .............................................................. Average hours and earnings, by industry, 1968-83 ........................................................................................ . Average weekly hours, by industry, seasonally adjusted ...................................................................................... Average hourly earnings, by industry ................................................................................................................. Hourly Earnings Index, by industry.................................................................................................................... Average weekly earnings, by industry........................................................................................... ..................... Indexes of diffusion: industries in which employment increased, seasonally adjusted.............................................. 60 61 61 62 63 64 65 65 66 66 Unemployment insurance data. Definitions................................................................................................... 67 18. Unemployment insurance and employment service operations .............................................................................. 67 Price data. Definitions and notes ...................................................................................................................... 68 69 69 75 76 77 78 80 80 81 19. 20. 21. 22. 23. 24. 25. 26. 27. Consumer Price Index. 1967-83 ........................................................................................................................ Consumer Price Index. U.S. city average, general summary and selected items..................................................... Consumer Price Index, cross-classification of region and population size class....................................................... 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 ................................................................. 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, seasonallyadjusted ........................ Percent change from preceding quarter and year in productivity, hourly compensation, unit costs,and prices............. Wage and compensation data. Definitions and notes ............................................................................... 33. 34. 35. 36. 37. Employment Cost Index, 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 areasize ................................ Wage and compensation change, major collective bargaining settlements, 1978 to date........................................... Effective wage adjustments in collective bargaining units covering 1.000 workers or more, 1978to date .................. 82 83 83 84 84 85 86 87 88 89 90 90 -t Work stoppage data. Definition ........................................................................................................................ 91 38. Work stoppages involving 1.000 workers or more, 1947 to date .......................................................................... 91 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NOTES ON CURRENT LABOR STATISTICS This section of the R e v ie w presents the principal statistical series collected and calculated by the Bureau of Labor Statistics. A brief introduction to each group of tables provides definitions, notes on the data, sources, and other material usually found in footnotes. Readers who need additional information are invited to consult the BLS regional offices listed on the inside front cover of this issue of the R e v ie w . Some general notes applicable to several series are given below. 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 of 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 of the Review, 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/ AR1MA. which was developed at Statistics Canada as an extension of the standard X-l 1 method. A detailed description of the procedure appears in The X-l I A R I M A Seasonal Adjustment Method 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 of 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 show n in tables 11. 13. and 15 were made in July 1984 using the X-l I 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 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. 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 Employment and Earnings, a monthly publication of the Bureau. Comparable household information is published in a two-volume data book-Labor Force Statistics Derived From the Current Population Survey. Bulletin 2096. Comparable establishment information appears in two data books-Employment and Earnings, United States, and Employ ment and Earnings. States and Areas, and their annual supplements. More detailed information on wages and other aspects of collective bargaining appears in the monthly periodical. Current Wage Developments. More detailed price information is published each month in the periodicals, the CPI Detailed Report and Producer Prices and Price Indexes. 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 Release date Period covered Release date Period covered Release date Period covered MLR table number Employment situation ............................. July 6 June August 3 July September 7 August 1-11 Producer Price Index .......................... July 13 June August 10 July September 14 August 23-27 Consumer Price In d e x ................................ July 24 June August 22 July September 21 August 19-22 Real earnings............................................... July 24 June August 22 July September 21 August Maior collective bargaining settlements . . . . July 27 1st bait July 31 2nd quarter July 31 2nd quarter 12-16 36-37 Productivity and costs: Nonfinancial corporations.......................... Nonfarm business and manufacturing . . . Employment Cost In d e x ................................ Occupational injuries and illne sse s............... 54 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis August 27 2nd quarter 33-35 1983 EMPLOYMENT DATA FROM THE HOUSEHOLD SURVEY m p l o y m e n t d a t a 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 Definitions Employed persons include (I) 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 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 lo y m e n t a n d E a r n in g s . Data in tables 2-8 are seasonally adjusted, based on the seasonal ex perience through December 1983. 1. Employment status of the noninstitutional population, 16 years and over, selected years, 1950-83 [Numbers in thousands] Labor torce Year Noninstitutional population Employed Number Percent ot population Unemployed Civilian Total Percent ot population Resident Armed Forces Total Agriculture Nonagricultural industries Number Percent of labor torce Not in labor force 1950 .............. 1955 ............... 1960 106.164 111.747 119.106 63.377 67.087 71.489 59.7 60.0 60.0 60.087 64.234 67.639 56.6 57.5 56.8 1.169 2.064 1.861 58.918 62.170 65.778 7.160 6.450 5.458 51.758 55.722 60.318 3.288 2.852 3.852 5.2 4.3 5.4 42.787 44,660 46.617 1965 ............... 1966 1967 ............... 1968 1969 128.459 130.180 132.092 134.281 136.573 76.401 77.892 79.565 80.990 82.972 59.5 59.8 60.2 60.3 60.8 73.034 75.017 76.590 78.173 80.140 56.9 57.6 58.0 58.2 58.7 1.946 2.122 2.218 2.253 2.238 71.088 72.895 74.372 75.920 77.902 4.361 3.979 3.844 3.817 3.606 66.726 68.915 70.527 72.103 74.296 3.366 2.875 2.975 2.817 2.832 4.4 3.7 3.7 3.5 3.4 52.058 52.288 52,527 53.291 53,602 1970 1971 ............... 1972 ............... 1973 1974 139.203 142.189 145.939 148.870 151.841 84.889 86.355 88.847 91.203 93.670 61.0 60.7 60.9 61.3 61.7 80.796 81.340 83.966 86.838 88.515 58.0 57.2 57.5 58.3 58.3 2.118 1.973 1.813 1.774 1.721 78.678 79.367 82.153 85.064 86.794 3.463 3.394 3.484 3.470 3.515 75.215 75.972 78.669 81.594 83.279 4.093 5.016 4.882 4.355 5.156 4.8 5.8 5.5 4.8 5.5 54.315 55.834 57,091 57.667 58.171 1975 1976 1977 1978 1979 ............... .............. ............... 154.831 157.818 160.689 153,541 166.460 95.453 97.826 100.665 103.882 106.559 61.6 62 0 62.6 63.5 64.0 87.524 90.420 93.673 97.679 100.421 56 5 57.3 58.3 59.7 60.3 1.678 1.668 1.656 1.631 1.597 85.845 88.752 92.017 96.048 98.824 3.408 3.331 3.283 3.387 3.347 82.438 85.421 88,734 92.661 95.477 7.929 7.406 6.991 6.202 6.137 8.3 76 6.9 6.0 58 59.377 59 991 60.025 59,659 59,900 1980 1981 ............... 1982 ................ 1983 169.349 171.775 173.939 175,891 108.544 110.315 111.872 113,226 64.1 65 2 64.3 64.4 100.907 102.042 101.194 102.510 59.6 59 4 58.2 58 3 1.604 1.645 1.668 1.676 99.303 100.397 99.526 100.834 3,364 3,368 3.401 3.383 95.938 97.030 96.125 97.450 7.637 8.273 10.578 10.717 7.0 7.5 9.5 9.5 60,806 61,460 62.067 62.665 ............... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 55 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Household Data 2. E m ploym ent status of the population, in cluding A rm ed Forces in the U nited S tates, by sex, seasonally adjusted [Numbers in thousands] Employment status and sex Annual average 1983 1984 1982 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 173.939 111.872 64 3 101.194 58 2 1.668 99.526 3.401 96.125 10.678 9.5 62.067 175.465 112.646 64.2 101.277 57.7 1.671 99.606 3.392 96.214 11.369 10.1 62.819 175.622 112.619 64.1 101.431 57 8 1.669 99.762 3.374 96.388 11.188 9.9 63.003 175.793 113.573 64 6 102.411 58.3 1.668 100.743 3.479 97.264 11.162 9.8 62.220 175.970 113.489 64.5 102.889 58.5 1.664 101.225 3.499 97.726 10.600 9.3 62.481 176,122 113,799 64.6 103.166 58.6 1.682 101.484 3.449 98.035 10.633 93 62.323 176.297 113.924 64.6 103.571 58.7 1.695 101.876 3.308 98.568 10.353 9.1 62.37.3 176.474 113.561 64.3 103.665 58.7 1.695 101.970 3.240 98.730 9.896 8.7 62.913 176.636 113.720 64.4 104,291 59.0 1.685 102.606 3.257 99.349 9.429 8.3 62.916 176,809 113.824 64.4 104.629 59 2 1.688 102.941 3.356 99.585 9.195 8.1 62.985 177,219 113,901 64.3 104.876 59.2 1.686 103.190 3.271 99.918 9.026 7.9 63.318 177.363 114.377 64.5 105.576 59.5 1.684 103.892 3.395 100.496 8.801 7.7 62.986 177,510 114,598 64.6 105,826 59.6 1.686 104.140 3.281 100,859 8.772 7.7 62.912 177,662 114,938 64.7 106,095 59.7 1.693 104,402 3.393 101,009 8,843 7.7 62.724 177,813 115,493 65.0 106,978 60.2 1,690 105.288 3.389 101.899 8,514 7.4 62.320 83.052 63.979 77.0 57.800 69.6 1.527 56.271 6.179 9.7 84.064 64.580 76 8 58 320 69.4 1.533 56.787 6.260 9.7 83.931 64.348 76.7 57.744 68.8 1.528 56.216 6.604 10.3 84.014 64.778 77.1 58.369 69.5 1.525 56.844 6.409 99 84.099 64.840 77.1 58.592 69.7 1.521 57.071 6.248 9.6 84.173 64.807 77.0 58.607 69.6 1.538 57.069 6.200 9.6 84.261 64.877 77.0 58.828 69.8 1.549 57.279 6 049 9.3 84.344 64.709 76.7 58.950 69.9 1.543 57.407 5.759 89 84.423 64.846 76.8 59.389 70.3 1.534 57.855 5.457 8.4 84.506 64.838 76.7 59.580 70.5 1.537 58.043 5.258 8.1 84.745 64.930 76.6 59.781 70.5 1.542 58.239 5.149 7.9 84.811 65.093 76.8 60.147 70.9 1.540 58.607 4.946 7.6 84.880 65.156 76.8 60.290 71.0 1.542 58.748 4.867 7.5 84.953 65.212 76.8 60.293 71.0 1.548 58.745 4.919 7.5 85.024 65.307 76.8 60.629 71.3 1.545 59.084 4,678 7.2 90.887 47.894 52 7 43 395 47.7 139 43.256 4.499 94 91.827 48.646 53 0 44.190 48.1 143 44.047 4.457 92 91.691 48.271 52 6 43.687 47.6 141 43.546 4.584 9.5 91.779 48.795 53.2 44.042 48.0 143 43.899 4.753 9.7 91.871 48.649 53.0 44.297 48.2 143 44.154 4.352 89 91.949 48.992 53.3 44.559 48.5 144 44.415 4.433 9.0 92.036 49.047 53.3 44.743 48.6 146 44.597 4.304 88 92.129 48.852 53.0 44.715 48.5 152 44.563 4.137 8.5 92.214 48.874 53.0 44.902 48.7 151 44.751 3.972 81 92.302 48.986 53:1 45.049 48.8 151 44.898 3.937 8.0 92.474 48.971 53.0 45.094 48 8 144 44.950 3.876 7.9 92.552 49.283 53.2 45.429 49.1 144 45.285 3.855 7.8 92.630 49.442 53.4 45.536 49.2 144 45.392 3 905 7.9 92.709 49.725 53.6 45.802 49.4 145 45.657 3.924 79 92.789 50.186 54.1 46.350 50.0 145 46.205 3.836 76 TOTAL Noninstitutional population1-2 ........................ Labor force2 ............................................... Participation rate3 .......................... Total employed2 Employment-population rate4 . . . . Resident Armed Forces1 .................... Civilian em ployed................................ Agriculture ...................................... Nonagricultural industries............... Unemployed............................................ Unemployment rate5 ....................... Not in labor force ...................................... Men. 16 years and over Noninstitutional population1-2 ....................... Labor force2 ............................................... Participation rate3 .......................... Total employed2 ...................................... Employment-population rate4 . . . Resident Armed Forces1 .................... Civilian em ployed................................ Unemployed............................................ Unemployment rate5 ....................... Women. 16 years and over Nonmstitutionai population1-2 ....................... Labor force2 ............................................... Participation rate3 .......................... Total employed2 ...................................... Employment-population rate4 . . . . Resident Armed Forces1 .................... Civilian em ployed................................ Unemployed............................................ Unemployment rate5 ....................... 1The population and Armed Forces figures are not adjusted for seasonal variation. includes members of tne Armed Forces stationed in the United States. 3Labor force as a percent of the nonmstitutionai population. 56 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4Total employed as a percent of the nonmstitutionai population. ^Unemployment as a percent of the labor force (including the resident Armed Forces). 3. E m ploym ent status of the civilian population by sex, age, race, and H ispanic origin, seaso n ally adjusted [Numbers in thousands] Employment status 1983 Annual average 1982 1983 May June July Aug. 172,271 110,204 64.0 99,526 57.8 10,678 9.7 62,067 174,215 111,550 64.0 100.834 57.9 10,717 9.6 62.665 173,953 110.950 63.8 99.762 57.3 11.188 10.1 63.003 174,125 111,905 64.3 100,743 57.9 11.162 10 0 62.220 174.306 111.825 64.2 101.225 58.1 10.600 9.5 62.481 174.440 112.117 64.3 101.484 58.2 10.633 9.5 62.323 73.644 57.980 78.7 52.891 71.8 2.422 50.469 5.089 88 74.872 58.744 78.5 53.4897 71.4 2.429 51.058 5.257 8.9 74.712 58.546 78.4 52.963 70 9 2.440 50.523 5.583 95 74.814 58.844 78.7 53.492 71.5 2.497 50.995 5.352 9.1 74.927 58.982 78.7 53.765 71.8 2.521 51.244 5.217 88 82.864 43.699 52 7 40.086 48 4 601 39.485 3.613 83 84.069 44.636 53 1 41.004 48 8 620 40.384 3.632 81 83.899 44.331 52.8 40 583 48 4 605 39.978 3.748 85 84.008 44.684 53.2 40.847 48.6 634 40.213 3 837 8.6 15.763 8.526 54 1 6.549 41 5 378 6.171 1.977 23 2 15.274 8.171 53.5 6.342 41 5 334 6.008 1.829 22 4 15.342 8.073 52 6 6.216 40 5 329 5.887 1.857 23 0 149.441 96.143 64 3 87.903 58 8 8.241 86 150.805 97.021 64.3 88.893 58.9 8.128 84 18.584 11.331 61 0 9.189 49.4 2.142 18.9 9.400 5.983 63 6 5.158 54.9 825 13.8 1984 Sept Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 174,602 112.229 64.3 101.876 58.3 10.353 9.2 62.373 174.779 111.866 64.0 101.970 58.3 9.896 8.8 62.913 174,951 112,035 64.0 102,606 58.6 9.429 8.4 62.916 175,121 112,136 64.0 102,941 58? 9,195 8.2 62,985 175,533 112,215 63.9 103.190 58.8 9,026 8.0 63,318 175,679 112,693 64.1 103.892 59.1 8,801 7.8 62.986 175,824 112.912 64.2 104,140 59.2 8,772 7.8 62.912 175,969 113.245 64 4 104,402 59.3 8,843 7.8 62,724 .176,123 113,803 64.6 105,288 59.8 8,514 7.5 62,320 75.012 58.954 78.6 53.804 71.7 2.475 51.329 5.150 8.7 75.115 59.012 78.6 53.947 71.8 2.431 51.516 5.065 8.6 75.216 58.949 78.4 54.140 72.0 2.376 51.764 4.809 8.2 75.327 59.053 78.4 54.457 72.3 2.336 52.121 4.596 7.8 75.433 59.050 78.3 54.658 72 5 2.374 52.284 4.392 7.4 75.692 59,299 78 3 54.999 72.7 2.356 52.643 4.300 7.3 75.786 59.394 78.4 55,266 72.9 2.409 52.857 4.128 7.0 75.880 59,388 78.3 ■55,368 73.0 2.364 53.004 4.020 6.8 75,973 59,480 78.3 55.385 72 9 2.453 52.932 4.095 6.9 76.073 59,546 78.3 55.685 73.2 2,451 53.234 3,861 6.5 84.122 44.647 53.1 41.123 48.9 613 40.510 3.524 79 84.224 44.896 53.3 41.298 49 0 627 40.671 3.598 80 84.333 45.062 53.4 41.550 49.3 581 40.969 3.512 78 84.443 44.936 53.2 41.570 49.2 597 40.973 3.366 7.5 84.553 44.953 53.2 41.738 49.4 638 41.100. 3.215 7.2 84.666 45.024 53.2 41 843 49.4 653 41.190 3.181 7.1 84.860 44.981 53.0 41.798 49.3 625 41.174 3.182 7.1 84.962 45.258 53 3 42.138 49.6 640 41.498 3.120 6.9 85.064 45.459 53.4 42.315 49.7 574 41.741 3.144 6.9 85.168 45.703 53 7 42.517 49 9 619 41.898 3.186 7.0 85,272 46,222 54.2 43,098 50.5 610 42.487 3.124 6.8 15.303 8.377 54 7 6.404 41 8 348 6.056 1.973 23.6 15.257 8.196 53.7 6.337 41 5 365 5.972 1.859 22.7 15.204 8.267 54 4 6.382 42.0 347 6.035 1 885 22 8 15.154 8.155 53 8 6.379 42.1 296 6.083 1,776 21 8 15.120 7 981 52 8 6.260 41 4 267 5.993 1.721 21 6 15.072 8.029 53.3 6.411 42.5 283 6,128 1.618 20 2 15.022 8.062 53.7 6.440 42 9 329 6.111 1.622 20 1 14.981 7.935 53 0 6.392 42.7 290 6.102 1.543 19.4 14.931 8.041 53.9 6.488 43.5 346 6.142 1.553 19 3 14.880 8.065 54 2 6.457 43.4 343 6.114 1.608 19.9 14.828 8.062 54.4 6.500 43 8 321 6.179 1.562 29 4 14.778 8.034 54.4 6.505 44.0 327 6.178 1.529 19.0 150.671 96.472 64.0 88.004 58 4 8.468 88 150.810 97.235 64.5 88.836 58.9 8.399 86 150.959 97.255 64.4 89.260 59 1 7.995 82 151 003 97.498 64 6 89.503 59 3 7.995 82 151.021 97.507 64.6 89.693 59 4 7.814 80 151.175 97.339 64.4 89.851 59 4 7.488 7.7 151.324 97.559 64.5 90.430 59.8 7.129 7.3 151.484 97.724 64.5 90.779 59 9 6.945 7.1 151 939 97.813 64.4 91.044 59 9 6.768 6.9 152.079 98.167 64.6 91.544 60 2 6 623 6.7 152.285 98.424 64.6 91.845 60.3 6.580 6.7 152.178 98.495 64.7 91.933 60.4 6 562 6.7 152.229 98.853 64.9 92.505 60.8 6.348 6.4 18.925 11.647 61.5 9.375 49.5 2.272 19.5 18.880 11.645 61.7 9.277 49.1 2.368 20.3 18.911 11.718 62.0 9.339 49.4 2.379 20 3 18.942 11.741 62.0 9.443 49 9 2.298 19 6 18.966 11.724 61 8 9.408 49.6 2.316 19 8 18.994 11.720 61 7 9.504 50.0 2.216 18.9 19.026 11.565 60 8 9.449 49.7 2.116 18.3 19.057 11.623 61.0 9.563 50.2 2.060 17.7 19.086 11.650 61.0 9.582 50 2 2.068 17.8 19.196 11.660 60.7 9.707 50.6 1.953 16.7 19.222 11,881 61.8 9.958 51.8 1.923 16.2 19.248 11.867 61.7 9.896 51.4 1.972 16.6 19.274 11.934 61.9 9.923 51 5 2.011 16 8 19.302 12.008 62 5 10.105 52 4 1.903 15.8 12.771 8.119 63 6 6.995 54.8 1.124 13 8 9.747 6.139 63 0 5.284 54.2 855 13.9 9.738 6.202 63.7 5.336 54 8 866 14.0 9.640 6.090 63 2 5.339 55.4 751 12.3 9 690 6.145 63 4 5.350 55.2 795 12 9 9.700 6.202 63 9 5 392 55.6 810 13 1 9.745 6.165 63 3 5.398 55.4 767 12.4 9.677 6.232 64.4 5.463 56.5 769 12.3 9.735 6.267 64 4 5.540 56.9 727 11.6 9.778 6 336 64.8 5.627 57 6 708 112 9.906 6.292 63.5 5.652 57.1 639 10.2 10.080 6.484 64.3 5.751 57.1 733 11.3 10.072 6.378 63.3 5.643 56.0 735 11.5 10.026 6.332 63.2 5.666 56 5 666 10.5 TOTAL Civilian nomnstitutional population' ............... Civilian labor fo r c e ....................... .............. Participation r a te ............................. Employed ............................................... Employment-population ratio2 . . . . Unemployed............................................ Unemployment rate ....................... Not in labor force ...................................... Men. 20 years and over Civilian nomnstitutional population' ............... Civilian labor fo r c e ...................................... Participation r a te ............................. Employed ............................................... Employment-population ratio2 . . . . Agriculture............................................ Nonagricultural industries ................. Unemployed............................................ Unemployment rate ....................... Women. 20 years and over Civilian nomnstitutional population' .............. Civilian labor fo r c e ................................... Participation r a te ............................. Employed ............................................... Employment-population ratio2 . . . . Agriculture . ................. Nonagricultural industries Unemployed............................................ Unemployment rate Both sexes. 16 to 19 years Civilian nomnstitutional population' ............ Civilian labor fo r c e ...................................... Participation r a te ....................... Employed ............................................... Employment-population ratio2 . . . . Agriculture . Nonagricultural in d u s trie s ................. Unemployed............................................ Unemployment rate ................. White Civilian nomnstitutional p o p u la tio n '.............. Civilian labor fo r c e ...................................... Participation r a te .......................... Employed ............................................... Employment-population ratio2 . . . Unemployed............................................ Unemployment rate ....................... Black Civilian nomnstitutional population' .............. Civilian labor fo r c e ...................................... Participation r a te ............................. Employed ............................................... Employment-population ratio2 . . . . Unemployed............................................ Unemployment rate ....................... Hispanic origin Civilian nomnstitutional population' .............. Civilian labor fo r c e ...................................... Participation r a te ............................. Employed ............................................... Employment-population ratio2 . . . . Unemployed............................................ Unemployment rate ....................... 'The population figures are not seasonally adjusted. 2Civilian employment as a percent of the civilian nomnstitutional population. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NOTE: Detail for the above race and Hispamc-origm groups will not sum to totals because data for ,be |other races' 9rou')s are no1 bresen,ed and HlsPan,cs are ,ncluded in botb ,he whl,e and blacl( 57 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Household Data 4. S elected em ploym ent indicators, seasonally adjusted [In thousands] Annual average Q 1983 1984 1982 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 99.526 56.271 43.256 38.074 24.053 5.099 100.834 56.787 44.047 37.967 24.603 5.091 99.762 56.216 43.546 37.616 24.304 4.991 100.743 56.844 43.899 37.911 24.416 5.029 101.225 57.071 44,154 38.254 24.618 5.071 101.484 57.069 44.415 38.281 24.905 5.096 101.876 57.279 44.597 38 232 24.921 5.124 101,970 57.407 44.563 38 240 24.953 5.172 102.606 57.855 44.751 38 388 25.057 5.236 102,941 58.043 44.898 38.494 25.140 5.254 103.190 58.239 44.950 38.682 24.947 5.293 103,892 58,607 45,285 38,911 25.212 5.346 104,140 58,748 45,392 38.927 25.239 5.444 104.402 58,745 45,657 39,062 25,457 5,491 105,288 59,084 46,205 39,159 25,722 5,668 Agriculture: Wage and salary workers ................................ Self-employed workers ................................... Unpaid family w orkers...................................... 1.505 1.636 261 1.579 1.565 240 1.588 1.558 233 1.624 1.591 252 1.631 1.573 251 1.628 1.564 240 1.572 1.515 236 1.505 1.527 227 1.481 1.556 224 1.512 1.572 265 1.443 1.613 233 1.560 1.609 232 1.515 1.580 198 1.661 1.534 207 1,610 1.537 246 Nonagricultural industries: Wage and salary workers ................................ Government............................................... Private industries...................................... Private households .......................... Other ............................................... Self-employed workers ................................... Unpaid family w orkers...................................... 88.462 15.562 72.945 1.207 71.738 7.262 401 89.500 15.537 73.963 1.247 72.716 7.575 376 88.584 15.530 73.054 1.238 71.816 7.448 345 89.345 15.514 73.831 1.295 72.536 7.510 352 89.687 15.593 74.094 1.276 72.818 7.595 322 90.032 15.671 74.361 1.270 73.091 7.641 375 90.743 15.560 75.183 1.279 73.904 7.656 380 90.617 15.578 75.039 1.278 73.761 7.695 405 91.094 15,585 75.509 1.216 74.293 7.800 474 91.422 15.481 75.941 1.241 74.700 7.734 450 91.641 15.535 76.106 1.197 74.909 7.936 364 92.379 15.822 76.557 1.219 75.339 7.849 330 92.819 15.813 77.006 1.155 75.851 7.755 326 92.931 15,784 77,147 1.296 75.851 7.834 338 93.928 15,761 78.167 1.347 76.820 7.707 311 90.552 72.245 5.852 2.169 3.683 12.455 92.038 73.624 5.997 1.826 4171 12.417 91.070 72.949 5 965 1.748 4.217 12.156 90.913 73.071 5.886 1.777 4.109 11.956 92.126 73.844 5.700 1.781 3.919 12.582 91.953 73.499 5.866 1.742 4.124 12.588 93.322 74.666 6.027 1.771 4.256 12.629 93.273 75.047 5.724 1.617 4.107 12.502 93.834 75.398 5.848 1.719 4.129 12.588 94.173 75.802 5.712 1.672 4.040 12 659 94.707 76.237 5.943 1.771 4.172 12.527 95.067 76.715 5.808 1.611 4.197 12.545 94.982 77.004 5 463 1.472 3 991 12.515 96.918 78.276 5.593 1.530 4.063 13.049 96.523 78.280 5.353 1.549 3.804 12.889 CHARACTERISTIC Civilian employed. 16 years and over ..................... M e n .................................................................... W o m en .............................................................. Married men. spouse present.......................... Married women, spouse present .................... Women who maintain families ................. MAJOR INDUSTRY AND CLASS OF WORKER PERSONS AT WORK1 Nonagricultural industries......................................... Full-time schedules ......................................... Part time for economic reasons Usually work full time ............................. Usually work part tim e ............................. Part time for noneconomic reasons................. 1Excludes persons with a job but not at work during the survey period for such reasons as vacation, illness, or industrial disputes. 5. S elected unem ploym ent indicators, seasonally adjusted [Unemployment rates] Annual average Selected categories 1983 1983 May June July Aug. Sept Oct. Nov. Dec. Jan. Feb. Mar Apr. May 97 23 2 88 83 96 22 4 89 81 10 1 23 0 95 85 10 0 23 6 91 •8.6 95 22 7 88 79 95 22 8 87 80 92 21 8 86 7.8 88 21 6 82 75 84 20 2 78 72 82 20 1 7.4 71 80 19 4 73 71 78 19.3 7.0 69 78 19 9 68 69 78 19 4 69 70 75 19.0 6.5 68 White tota: Botri sexes. 16 to 19 years Men. 16 to 19 years Women. 16 to 19 years Men 20 years and over Women. 20 years and over 86 20 4 21 7 19 0 78 73 84 19 3 20 2 18 3 7.9 69 88 19 9 20 4 19 4 84 72 86 20 1 20 4 19 7 79 74 8.2 19 4 20 3 18 4 77 68 82 19 5 20 7 18 2 77 67 8.0 18 2 18 9 17 4 77 66 77 18 5 19 8 16 9 73 63 73 17 2 17 6 16 6 69 60 7.1 17.0 17 5 16 5 67 59 69 16.2 17.8 14 5 63 60 67 16 5 16.4 16.7 61 58 6.7 17 1 17.3 16 8 5.8 5.9 67 16 2 16 6 15.7 5.9 6.0 64 16 2 16 8 15 5 56 58 Black, total ...... Both sexes. 16 to 19 years Men. 16 to 19 years . Women. 16 to 19 years Men. 20 years and over . Women. 20 years and over . 18 9 48 0 48 9 47 1 17 8 15 4 19 5 48 5 48 8 48 2 18 1 16.5 20 3 48 4 52.1 44 1 19 5 17 0 20 3 49 8 50.7 48.7 18.9 16 9 19 6 48 4 48 3 48 4 18 6 16.2 19 8 51 4 53.7 48 8 18.2 16.4 18 9 51 1 52.7 49 2 16 9 16.1 18 3 48 7 45 6 52.2 16 3 15 9 17 7 47 3 44 9 50 0 15 6 15.6 17 8 49 0 46 4 51.9 15 1 15.9 16.7 47.9 47.1 48 8 14.8 14 3 16 2 43 5 46 7 39 9 14.1 14.4 16.6 46 7 44 4 49 6 15.4 13 5 16 8 44.8 42 8 47 1 16.0 13 4 158 44 1 40 9 48 2 14 1 13 6 Hispanic origin, total CHARACTERISTIC Total ali civilian workers Both sexes. 16 to 19 years Men 20 years and over Women. 20 years and over ... 13 8 13 8 13 9 14.0 12.3 12 9 13 1 12 4 12.3 116 112 10.2 11.3 115 10 5 Married men, spouse present.......................... Married women, spouse present Women who maintain families 65 74 11 7 6.5 7.0 12 2 70 74 12 7 67 76 12.5 6.2 7.0 118 63 69 11 8 61 68 12.0 5.7 6.3 11.4 5.5 6.0 10.5 5.2 6.1 10.9 5.06.0 10.7 4.9 5.9 11.0 ■4.7 58 11.0 47 58 10.5 45 58 98 Full-time w orkers............................. Part-time workers ....................... Unemployed 15 weeks and over Labor force time lost1 INDUSTRY 96 10 5 32 110 95 10 4 38 10 9 10 0 10 9 41 11 5 97 118 4.0 11.1 94 10.2 39 10 7 9.3 10 2 36 10 7 9.1 10.1 3.5 10.5 87 10 0 33 10.0 82 9.8 3.1 9.7 8.0 98 3.0 9.4 7.8 9.2 2.9 9.2 7.5 93 2.6 89 75 9.2 2.5 88 7.6 91 2.5 8.9 72 93 25 8.5 10 1 13.4 20 0 12 3 13.3 10 8 68 10 0 69 49 14.7 99 17 0 18.4 112 12 1 10 0 74 10 0 72 53 16 0 10.4 20 8 20 0 12.3 13.5 10 6 7.3 10 2 75 5.6 16 8 10.1 17 9 18.4 11 6 12.5 10.2 78 10.2 7.2 51 16.5 97 16.6 18 0 10.7 11 4 9.7 7.3 9.8 73 5.4 15.0 9.8 14 9 17 9 11.2 117 10.5 7.7 98 7.2 5.1 15.1 94 16.9 18.1 10.2 10.9 9.3 7.4 9.5 7.0 5.0 16 5 9.0 12.1 15 8 9.6 10.2 8.7 7.2 9.8 69 5.1 16 2 8.6 12.8 15.6 8.9 9.0 8.7 6.7 9.1 6.7 4.9 15.7 83 12.4 16.3 8.3 8.3 8.2 6.5 8.8 6.6 5.0 15.6 7.9 10 9 15.0 8.4 8.0 8.9 5.1 8.4 6.3 5.0 15.5 7.8 12.2 15.1 7.5 73 7.8 5.9 8.3 6.3 4.5 14.0 7.6 112 13.3 7.5 7.8 7.2 5.0 8.3 6.4 4,4 14.6 7.7 10 3 14.3 7.7 7.5 8.0 5.4 8.7 6.1 4.4 12 2 7.2 8.9 14.8 71 7.0 7.1 5.5 7.9 5.5 47 13 9 . . Nonagricultural private wage and salary workers Mining ............................................... Construction M anufacturing.................................................. Durable goods .................... Nondurable goods Transportation and public utilitie s................. Wholesale and retail trade . . . Finance and service industries Government workers ............................. Agricultural wage and salary w o rk e r s .................... ’ Aggregate hours lost by the unemployed and persons on part time for economic reasons as a percent of potentially available labor force hours. 58 1984 1982 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6. U n em p lo ym en t rates by sex and age, seasonally adjusted [Civilian workers] Sex and age 1984 1983 Annual average 1982 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Total, 16 years and over ......................................... 16 to 24 years ..................................................... 16 to 19 y e a rs .................................................. 16 to 17 ye a rs............................................... 18 to 19 ye a rs............................................... 20 to 24 years .................................................. 25 years and over ............................................... 25 to 54 ye a rs............................................... 55 years and over ......................................... 9.7 17.8 23.2 24.9 22.1 14.9 7.4 7.9 5.0 9.6 17.2 22.4 24.5 21.1 14.5 7.5 8.0 5.3 10.1 18.0 23.0 25.6 21.3 15.5 7.9 8.5 5.3 10.0 17.6 23.6 25.6 22.3 14.5 7.9 8.3 5.5 9.5 16.8 22.7 25.1 20.8 13.9 7.4 7.9 5.3 9.5 17.2 22.8 24.8 21.6 14.4 7.3 7.8 5.1 9.2 16.5 21.8 24.0 20.5 13.8 7.2 7.7 5.2 8.8 16.3 21.6 24.0 20.3 13.6 6.8 7.2 5.0 8.4 15.4 20.2 21.9 19.3 13.0 6.5 6.9 4.9 8.2 14.9 20.1 22.9 18.8 12.2 6.4 6.8 4.9 8.0 14.8 19.4 21.9 17.6 12.5 6.2 6.5 4.7 7.8 14.2 19.3 22.1 17.5 11.6 6.1 6.4 4.3 7.8 14.4 19.9 23.1 18.1 11.6 5.9 6.3 4.3 7.8 14.6 19.4 22.3 17.5 12.2 6.0 6.3 4.2 7.5 14.0 19.0 20.2 18.2 11.5 5.7 6.0 4.4 Men, 16 years and o v e r ................................... 16 to 24 years............................................... 16 to 19 years ......................................... 16 to 17 y e a rs ...................................... 18 to 19 y e a rs ...................................... 20 to 24 years ......................................... 25 years and over ......................................... 25 to 54 years ...................................... 55 years and over ................................ 9.9 19.1 24.4 26.4 23.1 16.4 7.5 8.0 5.1 9.9 18.4 23.3 25.2 22.2 15.9 7.8 8.2 5.6 10.5 19.5 23.9 26.7 22.3 17.3 8.2 8.8 5.8 10.1 18.6 24.0 26.0 22.8 15.9 7.9 8.4 5.5 9.9 18.4 23.8 27.3 21.2 15.8 7.6 8.1 5.5 9.8 18.6 24.3 26.0 23.2 15.7 7.5 8.0 5.4 9.6 17.6 22.8 23.9 22.2 15.0 7.5 8.0 5.6 9.1 17.3 22.5 24.3 21.6 14.7 7.0 7.4 5.4 8.6 15.9 20.2 22.0 19.6 13.8 6.8 7.1 5.4 8.3 15.6 20.4 23.3 18.9 13.3 6.5 6.7 5.4 8.1 15.6 20.8 21.6 19.6 13.1 6.2 6.6 4.8 7.8 14.6 19.7 21.6 18.1 12.1 6.1 6.4 4.5 7.7 14.6 20.0 23.0 18.2 11.9 5.9 6.1 4.6 7.7 15.0 19.7 23.7 17.3 12.7 5.9 6.2 4.4 7.3 14.0 19.4 21.3 18.3 11.5 5.7 5.9 4.5 Women, 16 years and o v e r ............................. 16 to 24 ye a rs............................................... 16 to 19 years ......................................... 16 to 17 y e a rs ...................................... 18 to 19 y e a rs ...................................... 20 to 24 years ......................................... 25 years and over ......................................... 25 to 54 years ...................................... 55 years and over ................................ 9.4 16.2 21.9 23.2 21.0 13.2 7.3 7.7 4.8 9.2 15.8 21.3 23.7 19.9 12.9 7.2 7.7 4.7 9.5 16.3 22.0 24.4 20.2 13.4 7.5 8.1 4.7 9.8 16.4 23.1 25.2 21.7 12.9 7.8 8.1 5.5 9.0 15.0 21.5 22.6 20.5 11.7 7.1 7.6 5.1 9.1 15.7 21.1 23.4 19.9 12.8 7.0 7.5 4.7 8.8 15.2 20.6 24.0 18.5 12.5 6.9 7.3 4.5 8.5 15.1 20.5 23.6 18.8 12.3 6.5 7.0 4.4 8.2 14.7 20.1 21.8 19.0 12.0 6.2 6.6 4.1 8.1 14.0 19.8 22.5 18.7 11.0 6.3 6.8 4.3 7.9 13.9 18.0 22.2 15.4 11.7 6.2 6.5 4.5 7.8 13.7 18.9 22.6 16.9 11.0 6.1 6.5 4.0 7.9 14.2 19.8 23.1 18.1 11.3 6.0 6.5 3.9 7.9 14.1 19.0 20.8 17.8 11.6 6.0 6.4 3.9 7.7 14.0 18.6 19.0 18.1 11.6 5.8 6.1 4.3 7. U nem p loyed persons by reason fo r unem ploym ent, seasonally adjusted [Numbers in thousands] Reason lor unemployment Job lo s e rs ................................................................. On layoff ........................................................... Other job losers ............................................... Job leavers................................................................. Reentrants................................................................. New entrants.............................................................. 1983 Annual average 1982 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 6,258 2,127 4,141 840 2,384 1,185 6,258 1,780 4,478 830 2,412 1,216 6,753 1,958 4,795 808 2,404 1,246 6,525 1,841 4,684 799 2,436 1,412 6,235 1,735 4,500 752 2,415 1,229 6,133 1,660 4,473 799 2,479 1,214 5,938 1,562 4,376 858 2,362 1,234 5,601 1,392 4,209 866 2,322 1,127 5,226 1,321 3,905 868 2,250 1,154 5,017 1,283 3,734 855 2,246 1,150 4,825 1,238 3,588 809 2,192 1,175 4,737 1,272 3,465 772 2,153 1,092 4,614 1,254 3,360 756 2,208 1,213 4,527 1,108 3,419 781 2,308 1,216 4,327 1,192 3,134 804 2,178 1,186 100.0 58.7 19.9 38.8 7.9 22.3 11.1 100.0 58.4 16.6 41.8 7.7 22.5 11.3 100.0 60.2 17.5 42.8 7.2 21.4 11.1 100.0 58.4 16.5 41.9 7.2 21.8 12.6 100.0 58.6 16.3 42.3 7.1 22.7 11.6 100.0 57.7 15.6 42.1 7.5 23.3 11.4 100 0 57.1 15.0 42.1 8.3 22.7 11.9 100.0 56.5 14.0 42.4 8.7 23.4 11.4 100.0 55.0 13.9 41.1 9.1 23.7 12.1 100.0 54.1 13.8 40.3 9.2 24.2 12.4 100.0 53.6 13.7 39.9 9.0 24.4 13.1 100.0 54.1 14.5 39.6 8.8 24.6 12.5 100.0 52.5 14.3 38.2 8.6 25.1 13.8 100.0 51.3 12.5 38.7 8.8 26.1 13.8 100.0 50.9 14.0 36.9 9.5 25.6 14.0 5.7 .8 2.2 1.1 5.6 .7 2.2 1.1 6.1 .7 2.2 1.1 5.8 .7 2.2 1.3 5.6 .7 2.2 1.1 5.5 .7 2.2 1.1 5.3 .8 2.1 1.1 5.0 .8 2.1 1.0 4.7 .8 2.0 1.0 4.5 .8 2.0 1.0 4.3 .7 2.0 1.0 4.2 .7 1.9 1.0 4.1 .7 2.0 1.1 4.0 .7 2.0 1.1 3.8 .7 1.9 1.0 PERCENT DISTRIBUTION Total unem ployed..................................................... Job losers ................................................................. On layoff ........................................................... Other job losers ............................................... Job leavers................................................................. Reentrants................................................................. New entrants.............................................................. PERCENT OF CIVILIAN LABOR FORCE Job losers ................................................................. Job leavers................................................................. Reentrants................................................................. New entrants.............................................................. 8. D uration o f unem ploym ent, seasonally adjusted [Numbers in thousands] Weeks of unemployment Less than 5 weeks..................................................... 15 weeks and over .................................................. 27 weeks and over ............................................ Mean duration in weeks............................................ Median duration in weeks......................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1984 1983 Annual average 1982 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 3,883 3,311 3,485 1,708 1,776 15.6 8.7 3,570 2,937 4,210 1,652 2,559 20.0 10.1 3,568 3,012 4,510 1,774 2,736 20.2 11.9 3,630 2,950 4,486 1,593 2,893 21.4 10.8 3,529 2,841 4,398 1,794 2,604 21.3 10.1 3,633 2,951 4,078 1,597 2,481 19.9 9.4 3,740 2,784 3,889 1,383 2,506 20.2 9.4 3,504 2,725 3,655 1,372 2,283 20.1 9.5 3,328 2,616 3,527 1,337 2,190 20.2 9.4 3,382 2,504 3,369 1,284 2,085 19.6 9.0 3,233 2,556 3,201 1,166 2,035 20.5 9.2 3,359 2,484 2,984 1,173 1,810 18.8 8.3 3,386 2,539 2,873 1,114 1,759 18.8 8.3 3,438 2,493 2,855 1,111 1,744 18.5 8.1 3,238 2,433 2,851 1,186 1,664 18.4 8.7 59 EMPLOYMENT, HOURS, AND EARNINGS DATA FROM ESTABLISHMENT SURVEYS E m p l o y m e n t , h o u r s , a n d e a r n i n g s d a t a 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 195,000 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 60 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 185 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 comprehensive counts of employment (called “benchmarks” ). The latest complete adjustment was made with the release of May 1984 data, published in the July 1984 issue of the R e v ie w . Con sequently, data published in the R e v ie w prior to that issue are not necessarily comparable to current data. Unadjusted data have been revised back to April 1982; seasonally adjusted data have been revised back to January 1979. Unadjusted data from April 1983 forward, and seasonally adjusted data from January 1980 forward are subject to revision in future bench marks. Earlier comparable unadjusted and seasonally adjusted data are published in a S u p p le m e n t to E m p lo y m e n t a n d E a rn in g s (unadjusted data from April 1977 through February 1984 and seasonally adjusted data from January 1974 through February 1984) and in E m p lo y m e n t a n d E a rn in g s, U n ite d S ta te 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,” MonthlyL a b o r R e v ie w , December 1969, pp. 9-20. See also B L S H a n d b o o k o f M e th o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982). 9. E m ploym ent, by industry, selected years, 1 9 5 0 -8 3 [Nonagricultural payroll data, In thousands] Service-producing Goods-producing Year Total Private sector Total Mining Construetion Manufacturing Total Transportation and public utilities Whole sale trade Retail trade Finance, insurance, Services and real estate Government Total Federal State Local 1950 ................................ 1955 ................................ I9602 ............................. 1964 ................................ 1965 ................................ 45,197 50,641 54,189 58,283 60,765 39,170 43,727 45,836 48,686 50,689 18,506 20,513 20,434 21,005 21,926 901 792 712 634 632 2,364 2,839 2,926 3,097 3,232 15,241 16,882 16,796 17,274 18,062 26,691 30,128 33,755 37,278 38,839 4,034 4,141 4,004 3,951 4,036 2,635 2,926 3,143 3,337 3,466 6,751 7,610 8.248 8,823 9,250 1,888 2,298 2,629 2,911 2,977 5,357 6,240 7,378 8,660 9,036 6,026 6,914 8,353 9,596 10,074 1,928 2,187 2,270 2,348 2,378 (1) 1,168 1,536 1,856 1,996 (1) 3,558 4,547 5,392 5,700 1966 1967 1968 1969 1970 ................................ ................................ ................................ ................................ ................................ 63,901 65,803 67,897 70,384 70,880 53,116 54,413 56,058 58,189 58,325 23,158 23,308 23,737 24,361 23,578 627 613 606 619 623 3,317 3,248 3,350 3,575 3,588 19,214 19,447 19,781 20,167 19,367 40,743 42,495 44,160 46,023 47,302 4,158 4,268 4,318 4,442 4,515 3,597 3,689 3,779 3,907 3,993 9,648 9,917 10,320 10,798 11,047 3,058 3,185 3,337 3,512 3,645 9,498 10,045 10,567 11,169 11,548 10,784 11,391 11,839 12,195 12,554 2,564 2,719 2,737 2,758 2,731 2,141 2,302 2,442 2,533 2,664 6,080 6,371 6,660 6,904 7,158 1 9 7 1 ................................ 1972 ................................ 1973 ................................ 1974 ................................ 1975 ................................ 71,214 73,675 76,790 78,265 76,945 58,331 60,341 63,058 64,095 62,259 22,935 23,668 24,893 24,794 22,600 609 628 642 697 752 3,704 3,889 4,097 4.020 3,525 18.623 19,151 20,154 20,077 18,323 48,278 50.007 51,897 53,471 54,345 4,476 4,541 4,656 4,725 4,542 4,001 4.113 4,277 4,433 4,415 11,351 11,836 12,329 12,554 12,645 3,772 3,908 4,046 4,148 4,165 11,797 12,276 12,857 13,441 13,892 12,881 13,334 13,732 14,170 14,686 2,696 2,684 2,663 2,724 2,748 2,747 2,859 2,923 3,039 3,179 7,437 7,790 8,146 8,407 8,758 1976 1977 1978 1979 1980 ................................ ................................ ................................ ................................ ................................ 79,382 82,471 86,697 89,823 90,406 64,511 67,344 71,026 73,876 74,166 23.352 24,346 25,585 26,461 25,658 779 813 851 958 1,027 3.576 3,851 4.229 4.463 4,346 18,997 19,682 20,505 21,040 20,285 56,030 58,125 61,113 63,363 64,748 4,582 4,713 4,923 5,136 5,146 4,546 4,708 4,969 5,204 5.275 13,209 13,808 14,573 14,989 15,035 4,271 4,467 4,724 4,975 5,160 14,551 15,303 16,252 17,112 17,890 14,871 15,127 15,672 15,947 16.241 2,733 2,727 2,753 2,773 2,866 3,273 3,377 3,474 3,541 3,610 8,865 9,023 9,446 9,633 9,765 1 9 8 1 ................................ 1982' ............................. 1983' ............................. 91,156 89,566 90,138 75,126 73,729 74,288 25,497 23,813 23,394 1.139 1,128 957 4,188 3,905 3,940 20,170 18,781 18.497 65,659 65.753 66,744 5,165 5,082 4.958 5,358 5,278 5,259 15.189 15.179 15,545 5,298 5,341 5,467 18,619 19,036 19,665 16,031 15,837 15,851 2,772 2,739 2,752 3,640 3,640 3,660 9,619 9,458 9,439 1Not available. 2Data include Alaska and Hawaii beginning in 1959. r = revised. NOTE: In accordance with usual practice, BLS has revised establishment survey data to reflect a new benchmark and updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. 10. Employment, by State [Nonagricultural payroll data, in thousands] State Apr. 1983 Mar. 1984 Apr. 1984» State Apr. 1983 Mar. 1984 Apr. 1984P Alabama........................................................ Alaska ........................................................... Arizona ........................................................ 1,312.4 205.9 1.061.8 734 8 9 833 4 1,333,0 206.4 1,135.1 765 0 10,185.0 1.346.2 212.4 1,138.2 770.2 10.241.4 Montana........................................................ Nebraska .................................................... Nevada ....................................................... New Hampshire............................................ 267 6 602.2 397.9 397.1 3,106 0 268.6 612.5 416,4 415.7 3,191.8 270 9 617.2 411.9 417 3 3,226.5 District of Columbia ................................... Florida........................................................... 1 307 3 1,432.2 262 8 595.8 3.874.8 1.347.7 1,457.8 267.3 592.7 4,117.3 1.353.2 1.474.6 271.7 596.2 4.130.8 North D a ko ta ............................................... O h io ............................................................. 472 5 7,230 8 2,378.4 245.4 4,041.8 489.5 7,351.3 2,465.0 245.5 4,120.3 493.0 7,417.3 2,474.9 248.7 4,166.6 Georgia ........................................................ H awaii........................................................... Idaho ........................................................... Illin o is ........................................................... Indiana ........................................................ 2,253.3 403 6 312.8 4,473.1 1,994.1 2.343.7 406.9 320 1 4,501.8 2.021.8 2.378.4 405.4 323.0 4,529.9 2.045 9 Oklahoma..................................................... Oregon ....................................................... Pennsylvania ............................................... Rhode Island ............................................... South Carolina ............................................ 1.165.6 952.6 4,491.7 390.5 1.177.2 1,176.3 979.9 4,535.9 399.1 1,214.1 1,177.0 984 2 4,588 8 401.8 1,226.8 Io w a .............................................................. Kansas ........................................................ Kentucky ..................................................... Louisiana ..................................................... M a in e ........................................................... 1,019,3 916.2 1,150.8 1,555.9 410,6 1.025.7 929.7 1.166.4 1,566.6 414.0 1.033.6 936.4 1,176.0 1.569.6 421 7 South D akota............................................... Tennessee ..................................................... Texas .......................................................... U ta h ............................................................. Verm ont....................................................... 228.8 1.705.3 6,143.9 555.5 201.6 232.4 1,769.5 6,286.2 585 3 206.1 235.2 1,792.4 6,313.3 589.5 205.3 Maryland ..................................................... Massachusetts ............................................ Michigan ..................................................... Minnesota..................................................... Mississippi .................................................. M issouri........................................................ 1,693.7 2,655.9 3,145.4 1,688.8 784.4 1,909.6 1,717.2 2.697.6 3,255.3 1,742.1 799.4 1,926 9 1.734.9 2.729.3 3.261 1 1,779.2 805 4 1.948.1 Virginia ........................................................ Washington.................................................. West V irg in ia ............................................... W isconsin..................................................... Wyoming ..................................................... 2,168.0 1.568.8 573.4 1.820.8 199 8 2,240.3 1,605.9 585.0 1,858.1 198.5 2,264 8 1,617.3 588.5 1,878 2 199.2 Virgin Islands............................................... 36.2 35.9 35.4 Connecticut.................................................. New Y o r k ..................................................... p = preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 61 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Establishment Data 11. E m ploym ent, by industry, seasonally adjusted [Nonagricultural payroll data, In thousands] Industry division and group TOTAL PRIVATE SECTOR 1983 Annual average June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.P 90,138 89,578 89,927 90,274 89,918 91,018 91,345 91,688 92,026 92,391 92,846 93,058 93,456 93,688 74,288 73,730 74,091 74,452 74,110 75,083 75,481 75,814 76,157 76,533 76,971 77,185 77,551 77,798 23,394 1983 89,566 73,729 MayP 23,087 23,241 23,414 23,532 23,669 23,895 24,058 24,198 24,383 24,577 24,595 24,763 24,856 957 600 940 589 939 583 946 590 950 590 952 594 965 600 967 603 969 607 975 608 978 607 978 607 985 613 993 619 3,905 991 3,940 1,015 3,849 986 3,911 1,011 3,947 1,024 3,985 1,037 4,019 1,043 4,044 1,053 4,073 1,064 4,086 1,077 4,154 1,100 4,226 1,111 4,151 1,099 4,247 1,109 4,306 1,129 Manufacturing Production workers ......................................... 18,781 12,742 18,497 12,581 18,298 12,408 18,391 12.494 18,521 12,612 18,597 12,679 18,698 12,759 18,886 12,928 19,018 13,048 19,143 13,145 19,254 13,234 19,373 13,326 19,466 13,388 19,531 13,445 19,557 13,475 Durable goods Production workers ......................................... 11.039 7,311 10,774 7,151 10,623 7,020 10,686 7,078 10,781 7,165 10,846 7,224 10,923 7,289 11,071 7,421 11,170 7,511 11,266 7,585 11,343 7,643 11,440 7,718 11,513 7,769 11,553 7,804 11,590 7,836 Lumber and wood products ............................. Furniture and fix tu re s ......................................... Stone, clay, and glass products ....................... Primary metal industries ................................... Blast furnaces and basic steel products . . . . Fabricated metal products................................... 598 432 577 922 396 1,427 658 447 573 838 343 1.374 643 441 567 827 341 1,355 657 445 570 830 340 1,362 665 454 573 838 344 1,369 675 453 578 840 344 1,384 680 456 581 849 346 1,389 690 462 587 863 351 1,408 695 467 589 869 351 1,420 698 470 592 877 352 1,431 702 475 595 871 347 1,440 706 480 604 877 348 1,447 712 483 606 877 347 1,456 714 482 605 880 346 1,460 712 484 605 887 347 1,467 Machinery, except electrical ............................. Electric and electronic equipment .................... Transportation equipment................................... Motor vehicles and equipment ....................... Instruments and related products .................... Miscellaneous manufacturing............................. 2.244 2.008 1,735 699 716 382 2,038 2,024 1.756 758 695 371 2,014 1.989 1,727 732 690 370 2,020 2,006 1,736 741 689 371 2,039 2,024 1,757 756 690 372 2,051 2,022 1,776 779 694 373 2,058 2,062 1,780 783 698 370 2,077 2,086 1,820 810 702 376 2,106 2,109 1,832 823 705 378 2,122 2,132 1,855 843 707 382 2,137 2,152 1,876 858 711 384 2,151 2,175 1,898 865 715 387 2,166 2,202 1,905 863 718 388 2,189 2,213 1,903 856 719 388 2,199 2,229 1,901 847 721 385 7,741 5.431 7.724 5.430 7,675 5.388 7,705 5,416 7,740 5,447 7,751 5.455 7,775 5,470 7,815 5,507 7.848 5,537 7,877 5,560 7,911 5,591 7,933 5,608 7,953 5,619 7,978 5,641 7,967 5,639 Food and kindred pro d u cts................................ Tobacco manufactures ...................................... Textile mill products............................................ Apparel and other textile p ro d u cts.................... Paper and allied products................................... 1.636 69 749 1.161 662 1,622 69 744 1.164 662 1.621 70 736 1.149 658 1,625 69 743 1.156 659 1,626 69 745 1,171 661 1,621 66 751 1,170 663 1,624 68 753 1,174 666 1.624 68 758 1.186 669 1,629 66 760 1,195 671 1,631 67 762 1,202 675 1,638 66 768 1,207 676 1,637 65 767 1,213 680 1,638 66 769 1,218 680 1,647 67 767 1,225 680 1,641 67 763 1,216 681 Printing and p ublishing...................................... Chemicals and allied products .......................... Petroleum and coal products............................. Rubber and miscellaneous plastics products . . Leather and leather pro d u cts............................. 1,272 1.075 201 697 219 1.296 1,047 195 718 208 1.288 1,045 197 704 207 1,294 1,045 196 712 206 1,297 1.046 195 723 207 1,302 1,046 194 730 208 1,305 1,047 194 735 209 1.311 1.049 192 748 210 1,317 1,050 192 758 210 1,321 1,052 191 766 210 1,328 1,053 191 774 210 1,333 1,054 190 784 210 1,339 1,054 190 790 209 1,348 1,058 189 789 208 1,352 1,057 189 795 206 65.753 66.744 66.491 66.686 66,860 66.386 67.349 67,450 67.630 67,828 68,008 68,269 68,463 68,693 68,832 5.082 2.789 2.293 4,958 2.739 2,219 5,001 2,728 2.273 5,005 2,735 2,270 5,001 2,751 2,250 4,369 2,751 1,618 5,046 2,768 2,278 5,053 2,776 2,277 5,043 2,763 2,280 5,055 2,776 2,279 5,095 2,816 2,279 5,105 2,828 2,276 5,112 2,839 2,273 5,131 2,863 2,268 5,141 2,869 2,272 Nondurable g o o d s ............................................... 5.278 11.039 7.741 5.259 10.774 7,724 5,220 10,623 7,675 5,241 10,686 7,705 5,256 10,781 7,740 5,277 10,846 7,751 5,301 10,923 7,775 5,322 11,071 7,815 5,344 11,170 7,848 5,371 11,266 7,877 5,406 11,343 7,911 5,438 11,440 7,933 5,457 11,513 7,953 5,474 11,553 7,978 5,496 11,590 7,967 Retail trade General merchandise stores ............................. Food stores ........................................................ Automotive dealers and service stations............ Eating and drinking places ................................ 15.179 2.184 2.478 1.632 4.831 15,545 2,161 2,560 1,667 5,007 15,433 2,142 2,549 1,648 4,972 15,514 2,152 2,555 1,659 5,002 15,580 2,164 2,558 1,673 5,025 15,626 2,169 2,563 1,679 5,043 15,671 2,171 2,568 1,685 5,058 15,737 2,179 2.587 1,695 5,071 15,805 2,195 2,594 1,703 5,082 15,857 2,189 2,600 1,710 5,095 15,914 2,210 2,618 1,725 5,111 15,980 2,211 2,626 1,740 5,121 16,030 2,230 2,626 1,748 5,136 16,094 2,241 2,637 1,743 5,158 16,117 2,252 2,631 1,753 5,153 Finance, insurance, and real estate Finance................................................................. Insurance ........................................................... Real estate ........................................................... 5.341 2.646 1,714 981 5,467 2,740 1,721 1,005 5.460 2,743 1,718 999 5,464 2,745 1,717 1,002 5,478 2,749 1,719 1,010 5,498 2,749 1,724 1,025 5,503 2,763 1,725 1,015 5,512 2,769 1,725 1,018 5,530 2,777 1,728 1,025 5,546 2,789 1,730 1,027 5,573 2,797 1,737 1,039 5,593 2,812 1,741 1,040 5,613 2,831 1,742 1,041 5,640 2,851 1,742 1,047 5,650 2,861 1,743 1,046 Services Business service s............................................... Health services .................................................. 19.036 3.286 5.812 19,665 3,539 5,973 19,529 3,474 5,973 19,626 3,520 5,963 19,723 3,577 5,981 19,808 3,599 5,988 19,893 3,636 6,003 19,962 3,672 6,007 20,034 3,703 6,016 20,130 3,758 6,026 20,162 3,798 6,030 20,278 3,845 6,040 20,378 3,875 6,052 20,449 3,903 6,062 20,538 3,974 6,069 Government Federal................................................................. State .................................................................... L o c a l.................................................................... 15,837 2,739 3,640 9.458 15,851 2,752 3.660 9,439 15,848 2,753 3,652 9,443 15,836 2,744 3,657 9,435 15,822 2,744 3,662 9,416 15,808 2,747 3,668 9,393 15,935 2,774 3,672 9,489 15,864 2,760 3,667 9,437 15,874 2,759 3,669 9,446 15,869 2,762 3,668 9,439 15,858 2,760 3,670 9,428 15,875 2,763 3,682 9,430 15,873 2,770 3,686 9,417 15,905 2,773 3,693 9,439 15,890 2,767 3,701 9,422 GOODS-PRODUCING 23,813 Mining ................................................................... Oil and gas extraction...................................... 1,128 708 Construction General building contractors............................. Nondurable goods Production w o rkers......................................... SERVICE-PRODUCING Transportation and public utilities Transportation..................................................... Communication and public utilitie s..................... Wholesale trade . p - preliminary, NOTE: In accordance with usual practice, BLS has revised establishment survey data to reflect a new 62 1984 May 1982 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis benchmark and updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. 12. A verag e hours and earnings, by industry 1 9 6 8 -8 3 [Production or nonsupervisory workers on nonagricultural payrolls] Year Average weekly hours Average hourly earnings Average weekly earnings Average weekly hours Average weekly earnings Average hourly earnings Average weekly hours Average hourly earnings Mining Private sector Average weekly earnings Average weekly hours Construction Average hourly earnings Average weekly earnings Manufacturing 1968 ..................... 1969 .................... 1970 ..................... 37 8 37.7 37.1 $2.85 3.04 3.23 $107.73 114.61 119.83 42.6 43.0 42.7 $3.35 3.60 3.85 $142.71 154.80 164.40 37.3 37.9 37.3 $4.41 4.79 5.24 $164.49 181.54 195.45 40.7 40.6 39.8 $3.01 3.19 3.35 $122.51 129.51 133.33 1 9 7 1 ..................... 1972 ..................... 1973 ..................... 1974 .................. 1975 ..................... 36.9 37.0 36.9 36.5 36.1 3 45 3.70 3 94 4.24 4.53 127.31 136.90 145.39 154.76 163.53 42 4 42 6 42.4 41.9 41.9 4.06 4.44 4.75 523 5.95 172.14 189.14 201.40 219.14 249.31 37.2 36.5 36.8 36.6 36.4 5.69 6 06 6.41 6.81 7.31 211.67 221.19 235.89 249.25 266.08 39.9 40.5 40.7 40.0 39.5 3.57 3.82 4.09 4.42 4 83 142.44 154.71 166.46 176.80 190.79 1976 1977 1978 1979 1980 ..................... ..................... ..................... ..................... ..................... 36.1 36.0 35.8 35.7 35.3 4.86 5.25 5.69 6.16 6 66 175.45 189.00 203 70 219.91 235.10 42.4 43.4 43.4 43.0 43.3 6 46 6.94 7.67 8.49 9.17 273.90 301.20 332.88 365.07 397.06 36.8 36.5 36.8 37.0 37.0 7.71 8.10 8.66 9.27 9.94 283.73 295.65 318.69 342.99 367.78 40.1 40.3 40.4 40.2 39.7 5.22 5.68 6.17 6.70 7.27 209.32 228.90 249.27 269.34 288.62 1 9 8 1 ..................... 1982' ............... 1983' .................. 35.2 34 8 35.0 7.25 7.68 8 02 255 20 267.26 280 70 43.7 42.7 42 5 10.04 10.77 11.27 438 75 459.88 478 98 36.9 36.7 37.2 10.82 11.63 11.92 399.26 426.82 443.42 39.8 38.9 40.1 7.99 8.49 8.83 318.00 330.26 354.08 Average weekly hours Average hourly earnings Average weekly earnings Average weekly hours Transportation and public utilities Average hourly earnings Average weekly earnings Average weekly hours Average hourly earnings . Average weekly earnings s Retail trade Wholesale trade Average weekly hours Average hourly earnings Average weekly earnings Average weekly hours Finance, insurance, and real estate Average hourly earnings Average weekly earnings Services 1968 1969 1970 ..................... 40.6 40.7 40.5 $3.42 3.63 3.85 $138 85 147.74 155.93 40.1 40.2 39 9 $3 05 3.23 3.44 $122 31 129.85 137.26 34.7 34.2 33.8 $2.16 2 30 2.44 $74.95 78.66 82.47 37.0 37.1 36.7 $2.75 2.93 3.07 $101.75 108.70 112.67 34.7 34.7 34.4 $2.42 2.61 2.81 $83.97 90.57 96.66 1 9 7 1 ..................... 1972 ..................... 1973 ..................... 1974 ..................... 1975 ..................... 40.1 40.4 40.5 40.2 39 7 4.21 4 65 5.02 5.41 5.88 168.82 187.86 203.31 217.48 233.44 39.5 39 4 39.3 38.8 38.7 3.65 3.85 4.08 4 39 4.73 129.85 144.18 151.69 160.34 183.05 33.7 33.4 33.1 32.7 32.4 2.60 2.75 2.91 3.14 3.36 87.62 91.85 96.32 102.68 108.86 36.6 36.6 36.6 36.5 36.5 3.22 3.36 3.53 3.77 4.06 117.85 122.98 129 20 137.61 148.19 33.9 33.9 33.8 33.6 33.5 3.04 3.27 3.47 3.75 4.02 103.06 110.85 117.29 126.00 134.67 1976 1977 1978 1979 1980 ..................... ..................... 39 8 39 9 40.0 39 9 39 6 6.45 6.99 7.57 8.16 8 87 256.71 278 90 302.80 325 58 351.25 38.7 38.8 38.8 38.8 38 5 5.03 5 39 5.88 6.39 6.96 194.66 209.13 228.14 247.93 267.96 32.1 31.6 31.0 30.6 30 2 3.57 3.85 4.20 4.53 4.88 114.60 121.66 130.20 138.62 147.38 36.4 36.4 36.4 36.2 36.2 4.27 4.54 4.89 5.27 5.79 155.43 165.26 178.00 190.77 209.60 33.3 33.0 32.8 32.7 32.6 4.31 4.65 4.99 5.36 5.85 143.52 153.45 163.67 175.27 190.71 1981 1982' 1983' .................. .................. 39 4 39 0 39 0 9.70 10 32 10.80 382.18 402.48 421.20 38 5 38.3 38.5 7.56 8.09 8 54 291.06 309.85 328.79 30.1 29.9 29.8 5.25 5.48 5.74 158.03 163.85 171.05 36.3 36.2 36.2 6.31 6.78 7.29 229.05 245.44 263.90 32.6 32.6 32.7 6.41 6.92 7.30 208.97 225.59 238.71 ..................... ..................... “ NOTE: In accordance with usual practice, BIS has revised establishment survey data to reflect a new https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis benchmark and updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. 63 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Establishment Data 13. A verage w eekly hours, by industry, seasonally adjusted [Production or nonsupervisory workers on private nonagricultural payrolls] Industry 1983 Annual average 1983 34.8 35.0 34.9 35.0 35.0 35.0 35.2 35 2 35.2 35.2 35.4 35.3 MANUFACTURING Overtime h o u rs ......................................... 38.9 2.3 40 1 3.0 399 2.7 40.1 2.9 40.2 3.0 40.3 3.0 40.7 3.2 40.6 3.3 40.6 3.3 40.6 3.4 40.9 3.5 40.9 3.5 Durable goods Overtime h o u rs ......................................... 39.3 2.2 40.7 3.0 40 3 2.6 40.5 2.8 40 8 3.0 40.8 3.0 41.4 3.3 41.2 3.4 41.3 3.5 41.3 3.5 41.6 3.7 Lumber and wood products............................. Furniture and fixtures ...................................... Stone, clay, and glass products .................... Primary metal industries................................... Blast furnaces and basic steel products . . . Fabricated metal p roducts................................ 38.0 37.2 40.1 38.6 37,9 39.2 40.1 39.4 41.5 40.5 39.5 40.6 39.8 39 2 41.2 40.2 39.2 40.3 40.0 39.5 41.5 40.4 39.3 40.4 40.0 39.7 41.6 40.7 39.9 40.7 40 2 39.7 41.7 40.9 40.1 40.8 40.4 40.0 42.0 41.2 40.5 41.4 40.5 39.8 41.8 41.6 40.8 41.2 40.0 39.8 41.8 41.7 40.8 41.4 40.0 40.1 41.9 41.8 41.2 41,4 Machinery, except electrical............................. Electric and electronic equipment.................... Transportation equipm ent................................ Motor vehicles and equipment....................... Instruments and related products.................... 39.7 39.3 40 5 40.5 39 8 40.5 40.5 42.1 43.3 40 4 40.0 40 2 41.6 42.6 40.3 40 3 40 5 41.8 43 2 40.1 40.6 40.7 42.0 42 9 40.5 40.6 40.7 41.9 43.1 40 4 41.1 41.2 43.3 45.1 40.8 41.2 41.1 42.5 44.1 40.7 41.3 41.1 42.6 44.1 40.7 Nondurable goods Overtime h o u rs ......................................... 38 4 2.5 39 4 3.0 39 4 2.9 39.5 3.0 39.5 3.0 39 6 3.1 39.9 3.1 39 7 3.1 Food and kindred products ............................. Textile mill pro d u cts......................................... Apparel and other textile products .................. Paper and allied p ro d u cts................................ 39.4 37 5 34.7 41.8 39.5 40.5 36.2 42.6 39 4 40 5 36.1 42.7 39.7 40.7 36.2 42 8 39 4 40.8 35.9 42 9 39.6 40 9 36.3 42.9 39 8 41.3 36.7 43 2 Printing and publishing ................................... Chemicals and allied products.......................... Petroleum and coal products .......................... Leather and leather products .......................... 37.1 40.9 43 9 35.6 37.6 41,6 43 9 36 8 37.5 41.6 43.6 36.8 37.5 41.8 43.6 36.8 37.6 41.8 43.8 37.2 37 6 41.7 43.5 37.1 37.8 41.7 43.2 37.8 PRIVATE SECTOR May June July Aug. 1984 1982 Sept. Oct. . Nov. Dec. Jan. Feb. Mar. Apr.F MayP 35.3 35.5 35.3 40.7 3.5 41.2 3.7 40.7 3.4 41.7 3.8 41.4 3.7 41.8 4.0 41.4 3.5 40 6 40.0 42.1 41.9 41.0 41.6 40.4 ' 39.9 42.5 42.0 41.3 41.8 40.1 39.6 41.9 41.8 41.2 41.3 40.5 39.8 42.3 42.2 40.9 41.8 39.6 39.6 42.2 42.4 42.1 41.4 41.5 41.0 42.4 43.9 40 8 41.8 41.2 43.2 44.8 41.3 41.9 41.2 43.1 44 3 41.2 41.9 41.0 42.9 44.4 41.1 42.3 41.3 43.5 44.8 41.4 41.8 41.0 42.7 43.4 40.7 39.8 3.1 39 7 3.2 39.9 3.3 39.9 3.3 39 8 3.3 40.2 3.4 39.7 3.1 39.6 40.8 36.6 43.2 39 6 40.6 36 7 43.1 39.5 40.7 36.6 43.1 39.7 40.6 36.6 43.2 39.7 40.8 36 9 43 2 39.8 40.6 36.7 43.0 40.1 41.3 37.4 43.1 39.6 40.1 36 5 43.1 37 9 41.7 43.6 37.3 37.9 41.9 43.7 37.2 37.7 41.9 44.6 37.1 37.9 42.1 44.8 37 3 37 9 42.1 44.5 37.2 37.9 42 0 44.7 36 7 38.3 42.0 44.0 37.7 38 0 41.9 44.1 37.1 TRANSPORTATION AND PUBLIC UTILITIES 39.0 39.0 38.9 38 9 39 0 39 2 39.3 39.4 39.2 39.4 39.5 39.3 39.2 39.5 39.4 WHOLESALE TRADE 38 3 38 5 38 5 38.5 38.4 38.5 38.6 38.6 38.6 38.6 38.6 38 5 38.5 38.7 38.5 RETAIL TRADE 299 29 8 29 8 29 9 29 8 29 8 29 8 30.0 30.0 30.3 30.1 30.0 30.1 30.1 30 2 SERVICES 32.6 32.7 32.7 32.7 32.7 32.6 32.7 32,8 32 7 32.6 32.8 32.7 32.8 32 8 32.7 p preliminary. NOTE: In accordance with usual practice. BLS has revised establishment survey data to reflect a 64 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis new an(j updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. 14. A verage hourly earnings, by industry [Production or nonsupervisory workers on private nonagricultural payrolls] Industry 1984 1983 Annual average 1982 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.P MayP $7.68 <1) $8.02 (1) $7.98 7.98 $7.98 8.01 $8.01 8.04 $7.95 8.00 $8.12 8 09 $8.16 8.13 $8.16 8.14 $8.16 8.17 $8.26 8.21 $8.24 8.23 $8.24 8.25 $8.29 8.31 $8.28 8.28 MINING 10.77 11.27 11.17 11.22 11.27 11.25 11.33 11.33 11.40 11.41 11.54 11.49 11.60 11.60 11.63 CONSTRUCTION PRIVATE SECTOR Seasonally adjusted................................... 11.63 11.92 11.81 11.77 11.80 11.86 12.04 12.06 11.91 12.02 12.08 11.99 11.97 11.94 11.92 MANUFACTURING..................................................... 8 49 8.83 8.77 8.79 8.84 8.78 8.89 8.90 8.97 9.04 9.08 9.06 9.09 9.11 9.12 Durable goods Lumber and wood p ro d u cts..................... Furniture and fixtures................................ Stone, clay, and glass products............... Primary metal industries.......................... Blast furnaces and basic steel products Fabricated metal p ro d u c ts ....................... 9.04 7.43 6.31 8.87 11.33 13.35 8.77 9.38 7.79 6.62 9.27 11.34 12.89 9.11 9.31 7.77 6.52 9.19 11.28 12.74 9.06 9.34 7.84 6.60 9.27 11.24 12.69 9.08 9.38 7.82 6.65 9.33 11.37 12.81 9.07 9.32 7.82 6.67 9.30 11.29 12.74 9.09 9.46 7.87 6.74 9.42 11.34 12.79 9.18 9.47 7.86 6.71 9.38 11.28 12.68 9.18 9.53 7.79 6.73 9.41 11.32 12.71 9.24 9.60 7.80 6.78 9.41 11.35 12.71 9.35 9.64 7.88 6.76 9.42 11.38 12.76 9.31 9.63 7.88 6.75 9.38 11.49 13.10 9.31 9.66 7.87 6.76 9.40 11.44 12.97 9.31 9.67 7.88 6.75 9.50 11.51 13.13 9.34 9.67 7.90 6.78 9.53 11.49 13.12 9.32 Machinery, except electrical..................... Electric and electronic equipm ent............ Transportation equipment ........................ Motor vehicles and equipm ent............... Instruments and related pro d u cts............ Miscellaneous manufacturing .................. 9.26 8.21 11.11 11.62 8.06 6.42 9.55 8 65 11.66 12.12 8.46 6.80 9.51 8.58 11.51 11.97 8.39 6.80 9.55 8.61 11.62 12.12 8.40 6.79 9.57 8.67 11.60 12.05 8.49 6.80 9.54 8.62 11.52 11.92 8.45 6.79 9.63 8.73 11.80 12.31 8.54 6.83 9.66 8.71 11.87 12.38 8.54 6.84 9.74 8.77 12.01 12.49 8.56 6.84 9.85 8.84 12.04 12.47 8.65 6.95 9.85 8.88 12.06 12.53 8.68 7.00 9.87 8.86 12.00 12.41 8.66 6.97 9.90 8.88 12.12 12.62 8.71 6.97 9.92 8.89 12.05 12.55 8.73 6.96 9.93 8.89 12.05 12.52 8.70 7.01 Nondurable goods Food and kindred products ..................... Tobacco manufactures............................. Textile mill p ro d u c ts ................................ Apparel and other textile products............ Paper and allied products ....................... 7.74 7.92 9.79 5.83 5.20 9.32 8.08 8.20 10.35 6.18 5.37 9.94 8.04 8.21 10.78 6.14 5.33 9.81 8.05 8.20 10 98 6.16 5.37 9.92 8.12 8.20 10.90 6.17 5.35 10.07 8.06 8.15 10.26 6.19 5.35 10.03 8.11 8.17 9.90 6.23 5.39 10.11 8.12 8.16 9.65 6.24 5.40 10.11 8.18 8.26 10.77 6.26 5.43 10.20 8.24 8.36 10.19 6.31 5.44 10.24 8.27 8.41 10.77 6.39 5 50 10.23 8.24 8.37 11.13 6.40 5.46 10.22 8.27 8.39 11.29 6.41 5.48 10.25 8.29 8.43 11.41 6.43 5.48 10.29 8.31 8.42 11.54 6.41 5.46 10.35 Printing and publishing.............................. Chemicals and allied products.................. Petroleum and coal products .................. Rubber and miscellaneous plastics products................................... Leather and leather products .................. 8.74 9.96 12.46 9.11 10.59 13.29 9.04 10.50 13.18 9.05 10.52 13.19 9.09 10.59 13.22 9.12 10.62 13.17 9.23 10.70 13.38 9.23 10.79 13.38 9.26 10.86 13.45 9.29 10.90 13.54 9.26 10.91 13.47 9.30 10.90 13.43 9.29 10.95 13.44 9.30 10.97 13.43 9.28 11.02 13.33 7.64 5.33 7.99 5.54 7.94 5.52 7.93 5.50 8.02 5.53 8.00 5.52 8.05 5.57 8.08 5.56 8.07 5.57 8.16 5.61 8.17 5.68 8.16 5.67 8.20 5.68 8.25 5.67 8.27 5.71 10.32 10.80 10.73 10.72 10.84 10.69 10.88 10.94 11.01 11.00 11.08 11.01 11.02 11.07 11.09 8.09 8.54 8.49 8.49 8.56 8.54 8.62 8.69 8.68 8.74 8.82 8.79 8.79 8.89 8.85 5.73 5.78 5.79 5.82 5.78 5.89 5.89 5.89 5.89 5.87 TRANSPORTATION AND PUBLIC UTILITIES WHOLESALE TRADE RETAIL TRADE 5.48 5.74 5.72 5.73 5.73 FINANCE, INSURANCE, AND REAL ESTATE 6.78 7.29 7.29 7.25 7.29 7.24 7.33 7.45 7.39 7.43 7.55 7.54 7.54 7.63 7.55 7.24 7.24 7.37 7.43 7.44 7.47 7.57 7.55 7.54 7.60 . . 7.54 6.92 SERVICES 1^ 0( 7.30 7.27 7.24 avaj|a(,|e NOTE: In accordance with usual practice, BIS has revised establishment survey data to reflect a new benchmark and updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. p = preliminary. 15. T he H ourly E arn ings Index, by industry [Production or nonsupervisory workers on private nonagricultural payrolls; 1977 = 100] Seasonally adjusted Not seasonally adjusted Industry PRIVATE SECTOR (in current dollars) Mining ........................................................ Construction............................................... Manufacturing............................................ Transportation and public utilities ............ Wholesale tr a d e ......................................... Retail tra d e .................................................. Finance, insurance, and real estate............ Services ..................................................... PRIVATE SECTOR (in constant dollars) May 1983 Jan. 1984 Feb. 1984 Mar. 1984 Apr. 1984 May 1984P Percent change from: Apr. 1984 to May 1984 3.2 154.7 158.4 158.5 159.1 159.9 159.6 - 0 .2 173.6 145.5 161.8 161.1 163.9 153.9 164.4 161.5 5.4 1.0 2.9 3.6 4.2 2.5 3.6 3.9 (1) 144.8 157.3 156.2 (1) 149.6 (1) 155.3 (1) 146.3 160.3 159.9 (1) 152.7 (1) 159.8 (1) 146.2 160.7 159.8 (1) 152.9 (1) 159.8 (1) 146.3 161.2 160.9 (1) 153.2 (1) 160.8 (1) 146.5 161.5 161.3 (1) 153.7 (1) 162.3 <1) 146.2 161.9 161.7 (1) 153.3 (1) 161.3 (1) - .2 .2 .3 (1) - .3 (1) - .6 (2) <2) 94.8 94.8 94.8 95.1 95.4 (2) <2) May 1983 Mar. 1984 Apr. 1984 May 1984P 154.7 158.9 159.8 159.6 164.7 144.1 157.1 155.6 157.3 150.2 158.7 155.4 172.0 145.3 161.1 160.2 162.7 153.4 164.2 160.8 172.8 145.4 161.6 160.8 164.6 154.2 165.9 -162.3 94.7 95.1 95.4 iThis series is not seasonally adjusted because the seasonal component is small relative to the trendcycle, irregular components, or both, and consequently cannot be separated with sufficient precision. ¿Not available, Percent change from: May 1983 to May 1984 NOTE: In accordance with usual practice, BLS has revised establishment survey data to reflect a new benchmark and updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. p = preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 65 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Establishment Data 16. A verag e w eekly earnings, by industry [Production or nonsupervisory workers on private nonagricultural payrolls] PRIVATE SECTOR Current d o lla rs .................................................. Seasonally adjusted...................................... Constant (1977) d o lla rs ................................... 1982 1983 S267.26 (1) 168.09 $280.70 (1) 171.37 1984 1983 Annual average Industry May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. $278.50 $280.90 $282.75 $280.64 $286.64 $288.05 $286.42 $289.68 $289.10 $288.40 $288.40 287.58 290.63 290.52 291.23 278.50 280.35 281.40 280.00 284.77 286.18 286.53 172.44 174.40 173.32 172.59 171.59 172.09 170.08 172.99 173.42 172.59 170.55 Apr. F MayP $292.64 295.01 174.71 $292.28 292.28 (1) MINING 459.88 478.98 471.37 476.85 474.47 479.25 488 32 489.46 489 06 495.19 499.68 492.92 496.48 497 64 502.42 CONSTRUCTION 426.82 443.42 442.88 446.08 450.76 450.68 456.32 449.84 432.33 442.34 438.50 443.63 439.30 448.94 452.96 MANUFACTURING Current d o lla rs .................................................. Constant (1977) d o lla rs ................................... 330.26 207.71 354.08 216.17 349.92 214.28 354.24 216.40 353.60 215.22 352.96 213.92 362.71 218 90 362.23 218.08 365.98 220.34 372.45 224.23 368.65 221.01 368.74 220 67 369.96 221.40 372.60 222.45 371.18 <1) Durable goods Lumber and wood products ............................. Furniture and fix tu re s ......................................... Stone, clay, and glass products ....................... Primary metal industries ................................... Blast furnaces and basic steel products............ Fabricated metal products................................... 355.27 282.34 234.73 355.69 437.34 505.97 343.78 381.77 312.38 260 83 384.71 459.27 509.16 369.87 376.12 312.35 254.28 380.47 451.20 495.59 365.12 381.07 319.87 263.34 390.27 455.22 499.99 369.56 378.95 314.36 259.35 390.93 460.49 514.96 364.61 378.39 319.06 267.47 391.53 458.37 507.05 369.96 390.70 320.31 270.95 399.41 469.48 521.83 379.13 391.11 319.12 271.08 394.90 464.74 508.47 379.13 395.50 309.26 269.87 395.22 470.91 513.48 384.38 403.20 311.22 277.98 394.28 478.97 526.19 395.51 398.13 311.26 263.64 386 22 476.82 521.88 385.43 398.68 313.62 263.93 389.27 482.58 539.72 386.37 399.92 314.01 267.02 389.16 480.48 534.36 384.50 403.24 317.56 267.30 400.90 488.02 551.46 387.61 400.34 316.79 267.13 405.03 484.88 548.42 385.85 Machinery except electrical................................ Electric and electronic equipment .................... Transportation equipment................................... Instruments and related products ..................... Miscellaneous manufacturing............................. 367.62 322.65 449.96 470 61 320.79 246.53 386.78 350.33 490.89 524.80 341.78 265.88 379.45 344.06 482.27 518.30 338.12 263.84 384.87 349.57 491.53 533.28 337.68 263.45 383.76 349.40 483.72 518.15 340.45 263.16 383.51 349.11 474.62 503.02 340.54 264.81 395.79 358.80 505.04 546.56 349.29 269.10 396.06 357.98 505.66 545.96 346.72 272.23 405.18 363.08 515.23 550.81 350.96 272,23 418.63 369.51 521.33 556.16 357.25 278.00 411.73 364.97 517.37 555.08 356.75 272.30 413.55 364.15 514.80 544.80 356.79 276.01 415.80 364.08 521.16 560.33 358.85 276.01 417 63 364.49 522.97 563.50 358.80 275.62 414.08 363.60 518.15 553.38 354.09 275.49 Nondurable goods Food and kindred pro d u cts................................ Tobacco manufactures ...................................... Textile mill products............................................ Apparel and other textile p ro d u cts..................... Paper and allied products................................... 297.22 312.05 370.06 218.63 180.44 389.58 318.35 323.90 387.09 250.29 194.39 423.44 315.97 322.65 403.17 249.28 192.41 416.93 319.59 326.36 421.63 253.18 196.54 425.57 319.93 323.90 401.12 248.03 193.14 429.99 319.98 326.00 385.78 254.41 195.81 429.28 325.21 330.07 380.16 258.55 198.35 439.79 323.99 324.77 370.56 256.46 198.72 437.76 327.20 329.57 431.88 256.66 199.82 440.64 330.42 333.56 385.18 258.71 199.65 448.51 326.67 331.35 410.34 257.52 198.55 440.91 326.30 327.27 405.13 259.84 200.38 438.44 327.49 329.73 416.60 258.96 201.12 437.68 329.94 332.99 450.70 261.06 201.66 441.44 329.08 332.59 462.75 257.68 199.29 444.02 Printing and publishing...................................... Chemicals and allied products .......................... Petroleum and coat products............................. Rubber and miscellaneous plastics p ro d u c ts ............................................ Leather and leather p ro d u cts............................. 324.25 407.36 546.99 342.54 440.54 583.43 337.19 435.75 575.97 338.47 440.79 580.36 340.88 440.54 585.65 343.82 439.67 572.90 350.74 448.33 592.73 350.74 449.94 586.04 352.81 457.21 590.46 356.74 462.16 603.88 347.25 458.22 594.03 349.68 457.80 584.21 353.02 458.81 585.98 354.33 460.74 593.61 350.78 461.74 589.19 302.54 189.75 329.19 203.87 326.33 204.79 327.51 207.90 328.02 206.82 329.60 207.00 337.30 209.43 338.55 206.83 338.94 207.76 345.98 209.25 343,14 208.46 342.72 208.66 341.94 205.05 347.33 210.92 344.86 214.13 402.48 421.20 415.25 419.15 424.93 422.26 428.67 432.13 432.69 436.70 434.34 429.39 429.78 435.05 434.73 328.79 326 02 327.71 330.42 329.64 333.59 336.30 335.92 339.99 338.69 335.78 336.66 342.27 340.73 TRANSPORTATION AND PUBLIC UTILITIES 309.85 WHOLESALE TRADE RETAIL TRADE 163.85 171.05 169.88 172.47 175.34 174.77 172.82 173.12 173.44 178.02 173.17 173.17 174.34 176.11 176.69 FINANCE, INSURANCE, AND REAL ESTATE 245.44 263.90 264.63 261.73 264.63 261.36 264.61 271.18 266.78 268.97 275.58 274.46 273.70 279.26 273.31 SERVICES 225.59 238.71 237.00 238.20 239.64 238.92 241.00 242.96 242.54 243.52 246.78 246.13 245.80 248.52 245.80 1Not available. . p = preliminary, 17. NOTE: In accordance with usual practice, BLS has revised establishment survey data to reflect a new benchmark and updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. In dexes of diffusion: in dustries in w hich em ploym ent increased, seasonally adjusted [In percent] Time span Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Over 1-month span 1982 ... 1983 . . . . 1984 . 27.6 54.3 71.1 47.6 46.5 73.2 35.7 60.8 67.0 31.1 68.9 P64.6 41.1 69.5 P58.4 33.5 64.6 — 34.6 74.3 — 32.4 68.6 — 37.3 69.5 — 28.9 75.4 — 32.4 69.7 — 45.7 73.8 — Over 3-month span 1982 . . . 1983 1984 . . . . 25.1 46.8 82.2 27.8 57.3 80.5 27.8 64.1 P77.3 27.3 75.1 P69.2 27.6 75.7 — 28.6 77.8 — 23.5 74.1 — 24.1 81.6 — 26.5 80.8 — 25.9 78.9 — 27.8 79.5 — 41.6 77.6 — Over 6-month span 1982 . . . . 1983 . . . . 1984 . . . . 19.2 50.8 P81.9 22.2 63.0 P82.4 21.9 69.2 — 24.6 75.1 — 20.3 80.0 — 21.4 82.4 — 21.4 84.1 — 18.6 82.4 — 23.2 84.6 — 27.3 85.9 — 29.5 86.8 — 35.4 83.8 — Over 12-month span 1982 . . . . 1983 . . 21.6 49.5 21.4 54.3 17.6 61.9 18.1 71.1 16.2 77.3 18.1 79.5 21.1 83 8 21.1 88.1 25.1 86.8 31.6 P87.6 34.1 P84.3 40.3 p = preliminary. NOTE: Figures are the percent of industries with employment rising. (Half of the unchanged components are counted as rising.) Data are centered within the spans. See the “ Definitions” in this section. 66 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis In accordance with usual practice, BIS has revised establishment survey data to reflect a new benchmark and updated seasonal adjustment factors. Because of these revisions, establishment data in this table may differ from data published earlier. UNEMPLOYMENT INSURANCE DATA N a t i o n a l u n e m p l o y m e n t i n s u r a n c e d a t a are compiled monthly by the Employment and Training Administration of the U.S. De partment of Labor from monthly reports of unemployment insur ance activity prepared by State agencies. Railroad unemployment insurance data are prepared by the U.S. Railroad Retirement Board. 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 of in sured unemployed as a percent of the average insured employment in a 12-month period. Definitions Average weekly seasonally adjusted insured unemployment data are computed by BLS’ Weekly Seasonal Adjustment program. This procedure incorporated the X-11 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 of 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 employees, 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. U n em p lo ym en t in surance and em ploym ent service operations [All Items except average benefits amounts are in thousands] Hem All programs: Insured unemployment........................... State unemployment insurance program:1 Initial claims2 ......................................... Insured unemployment (average weekly volum e)................................... Rate of insured unemployment............... Weeks of unemployment compensated... Average weekly benefit amount for total unemployment ..................... Total benefits paid ................................ 1984 1983 Apr. May 4,642 June 3,947 Aug. July 3,481 3,275 Sept. Nov. Oct. Dec. Jan. Feb. Mar. Apr.F 2,917 2,580 2,478 2,620 2,915 3,374 3,174 2,958 2,610 1,522 1,757 2,105 2,356 r1,529 1,433 1,465 2,358 2.7 8,417 2,508 2.9 9,301 2,805 3.3 10,168 3,249 3.8 12,232 3,056 3.6 r11,622 2,843 3.3 11,339 2,512 2.9 9,969 1,874 1,666 1,740 1,804 1,668 1,381 3,906 4.5 14,986 3,361 3.9 13,133 3,063 3.5 12,819 3,049 3.5 r10,957 2,766 3.2 r11,581 2,449 2.8 9,383 $123.00 $124.49 $123.44 r$121.53 r$121.14 r$121.32 $122.19 $122.61 $123.60 r$124.30 $124.67 $126.15 $124.85 $1,816,539 $1,587,888 r$1,537,372 r$1,297,164 r$1,367,186 r$1,104,404 $1,002,141 $1,099,862 $1,203,605 $1,457,983 «$1,400,458 $1,369,536 $1,215,724 State unemployment Insurance program:1 (Seasonally adjusted data) Initial claims2 ......................................... Insured unemployment (average weekly volum e)................................... Rate of insured unemployment............... 1,952 1,993 1,836 1,723 1,841 1,664 1,656 1,717 1,620 1,606 «1,568 1,554 1,619 3,774 4.3 3,538 4.1 3,301 3.8 3,303 3.8 3,026 3.5 3,088 3.6 2,617 3.1 2,677 3.1 2,721 3.2 2,486 2.9 2,416 2.8 2,505 2.9 2,609 3.0 Unemployment compensation for exservicemen:3 Initial claims1 ......................................... Insured unemployment (average weekly volum e)................................... Weeks of unemployment compensated... Total benefits paid ................................ 15 14 16 16 19 17 16 15 14 15 13 13 12 30 117 $14,776 26 104 $13,111 25 107 $13,588 25 r95 r$12,134 26 r$14,082 27 106 r$13,531 28 107 $14,074 28 116 $15,121 27 113 $14,815 27 112 $14,532 24 96 «$12,540 22 89 $11,813 20 79 $10,486 Unemployment compensation for Federal civilian employees:4 Initial cla im s............................................ Insured unemployment (average weekly volum e)................................... Weeks of unemployment compensated Total benefits paid ................................ Railroad unemployment insurance: Applications............................................ Insured unemployment (average weekly volum e)................................... Number of paym ents.............................. Average amount of benefit payment . . . Total benefits paid ................................ Employment service:5 New applications and renewals............... Nonfarm placements .............................. 10 9 13 12 11 11 15 13 13 16 10 9 13 26 109 $12,422 22 93 $10,603 21 90 $10,272 23 r84 r$9,646 22 r96 r$10,982 22 83 r$9,535 25 88 $10,144 27 110 $12,415 29 119 $13,888 32 133 $15,588 31 129 «$15,003 28 122 $14,778 23 98 $11,892 9 4 31 55 14 9 7 8 8 10 4 3 2 79 172 $203.87 $24,783 70 183 $215.15 $20,622 49 123 $203.54 $14,984 49 92 $199.87 $17,551 46 107 $214.21 $21,789 41 103 $214.77 $20,239 48 92 $211.41 $19,531 40 92 $212.36 $19,536 43 95 $213.71 $19,870 51 121 $210.73 $23,866 49 104 $209.56 $23,228 41 99 $208.96 $20,112 27 70 $196.32 $13,356 11,987 1,921 11nitial claims and State insured unemployment include data under the program for Puerto Rican sugarcane workers. 2 Excludes transition claims under State programs. o ■«Excludes data on claims and payments made |ointly with other programs. 4 Excludes data or claims and payments made jointly with State programs. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis mo 15,595 3,012 4,297 782 Cumulative total for fiscal year (October 1-September 30). Data computed quarterly, NOTE: Qata for puert0 RjC0 an(j ^ e Virgin Islands included. Dashes Indicate data not available. p = preliminary. « = rev'set*' 67 PRICE DATA P r i c e d a t a are gathered by the Bureau of Labor Statistics from retail and primary markets in the United States. Price indexes are given in relation to a base period (1967 = 100, unless otherwise noted). 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 of 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 producers of commodities in all stages of 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 of fabrication (that is, finished goods, intermimate or semifinished goods, and crude materials). The commodity structure organizes products by sim ilarity of end-use or material composition. 68 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 ta n d a r d I n d u s tr ia l C la s s ific a tio 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 ie 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 Th e C o n s u m e r P r ic e In d e x : C o n c e p ts a n d C o n te n t O v e r th e Y ea rs, 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 ta ile d R e p o r t and P r o d u c e r P r ic e s a n d P r ic e In d e x es , 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 th 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 th o d s f o r S u r v e y s a n d S tu d ie s (1976), chapter 13. See also John F. Early, “ Improving the measurement of producer price change,” M o n th ly L a b o r R e v ie w , April 1978. For industry prices, see also Bennett R. Moss, “ Industry and Sector Price Indexes,” M o n th ly L a b o r R e v ie w , August 1965. 19. C o n su m er P rice Index fo r Urban W age E arners and C lerical W orkers, annual a verag es and c hanges, 1 9 6 7 -8 3 [1967 = 100] Food and beverages All items Year Index Percent change Index Apparel and upkeep Housing Percent change Index Percent change Index Percent change Transportation Medical care Percent change Index Index Percent change Other goods and services Entertainment Index Percent change Index Percent change 1967 1968 1969 1970 .................. .................. .................. .................. 100.0 104 2 109.8 116.3 4.2 5.4 5.9 100.0 103.6 108.8 114.7 3.6 5.0 5.4 100 0 104.0 110.4 118.2 4.0 6.2 7.1 100.0 105.4 111.5 116.1 5.4 5.8 4.1 100.0 103.2 107.2 112.7 3.2 3.9 5.1 100.0 106.1 113.4 120.6 6.1 6.9 6.3 100.0 105.7 111.0 116.7 5.7 5.0 5.1 100.0 105.2 110.4 115.8 5.2 4.9 5.8 1971 1972 1973 1974 1975 .................. .................. .................. .................. .................. 121.3 125.3 133.1 147.7 161.2 4.3 3.3 6.2 11.0 9.1 118.3 123.2 139.5 158.7 172.1 3.1 4.1 13.2 13.8 8.4 123.4 128.1 133.7 148.8 164.5 4.4 3.8 4.4 11.3 10.6 119.8 122.3 126.8 136.2 142.3 3.3 2.1 3.7 7.4 4.5 118.6 119.9 123.8 137.7 150.6 5.2 1.1 3.3 11.2 9.4 128.4 132.5 137.7 150.5 168.6 6.5 3.2 3.9 9.3 12.0 122.9 126.5 130.0 139.8 152.2 5.3 2.9 2.8 7.5 8.9 122.4 127.5 132.5 142.0 153.9 4.8 4.2 3.9 7.2 8.4 1976 1977 1978 1979 1980 .................. .................. .................. .................. .................. 170.5 181.5 195.3 ' 217.7 247.0 5.8 6.5 7.6 11.5 13.5 177.4 188.0 206.2 228.7 248.7 3.1 8.0 9.7 10.9 8.7 174.6 186.5 202.6 227.5 263.2 6.1 6.8 8.6 12.3 15.7 147.6 154.2 159.5 166.4 177.4 3.7 4.5 3.4 4.3 6.6 165.5 177.2 185.8 212.8 250.5 9.9 7,1 4.9 14.5 17.7 184.7 202.4 219.4 240.1 287.2 9.5 9.6 8.4 9.4 11.3 159.8 167.7 176.2 187.6 203.7 5.0 4.9 5.1 6.5 8.5 162.7 172.2 183.2 196.3 213.6 5.7 5.8 6.4 7.2 8.8 1981 .................. 1982 .................. 1983 .................. 272.3 288.6 297.4 10.2 6.0 3.0 267.8 278.5 284.7 7.7 4.0 2.2 293.2 314.7 322.0 11.4 7.3 2.3 186.6 190.9 195.6 5.2 2.3 2.5 281.3 293.1 300.0 12.3 4.2 2.4 295.1 326.9 355.1 10.4 10.8 8.6 219.0 232.4 242.4 7.5 6.1 4.3 233.3 257.0 286.3 9.2 10.2 11.4 20. C onsum er P rice Index fo r All Urban C onsum ers and revised C PI fo r Urban W age E arners and C lerical W orkers, U.S. city averag e— g eneral sum m ary and groups, subgroups, and selected item s [1967 = 100 unless otherwise specified] Urban Wage Earners and Clerical Workers All Urban Consumers 19(14 1983 General summary 1984 1983 Apr. Nov. Dec. Jan. Feb. Mar. Apr. Apr. Nov. Dec Jan. Feb. Mar. Apr. All Item s.......................................................................................................... 295.5 303.1 303.5 305.2 306.6 307.3 308 8 294.9 301.4 301.5 302.7 303.3 303.3 304.1 Food and beverages ........................................................................................ Housing .......................................................................................................... Apparel and u pkeep........................................................................................ Transportation................................................................................................. Medical c a r e .................................................................................................... Entertainment ................................................................................................. Other goods and services............................................................................... 284.6 320.3 195.5 292.3 353.5 244.6 283.2 285.3 327.0 200.7 306 3 364.9 249.5 298.1 286.5 327.4 199.3 306.3 366.2 249.5 298.6 291.6 329.2 196.4 306.0 369.5 249.9 300.5 294.2 331.0 196.2 305.8 373.2 251.5 301.5 294.3 331.5 198 8 306.9 374.5 251.7 302.1 294.5 333.2 199.2 309.6 375.7 253.8 302.8 284.9 320.3 194.8 293.5 351.2 241.1 281.4 285.6 324.5 199.7 308.2 362.9 245.7 295.5 286.8 324.2 198.1 308.2 364.3 245.8 295.9 291.9 324.7 195.3 307.9 367.5 246.2 298.1 294.4 324.2 195.4 307.7 371.3 247.7 299.2 294.5 322.9 198.0 308.9 372.6 248.0 299.7 294.7 322.7 198.2 311.9 373.9 249.8 300.4 Commodities.................................................................................................... Commodities less food and beverages.................................................. Nondurables less food and beverages............................................... D urables.............................................................................................. 269.2 257.3 267.8 248.7 275.2 266.3 274.5 261.0 275.5 266.0 273.5 261.8 276.8 265.2 272.3 261.4 278.3 266.0 274.0 260.9 278.7 266.6 274.2 262.2 280.1 268.7 275.7 265.2 270.9 260.3 269.7 251.2 276.2 267.5 276.6 258.7 276.3 267.1 275.4 258.9 277.3 266.4 274.2 258.4 278.0 266.2 276.0 256.9 278.1 266.4 276.1 257.1 279.2 267.8 277.5 258.5 Services .......................................................................................................... Rent, residential ..................................................................................... Household services less rent of shelter (12/82 = 100) ....................... Transportation services ............... ..................................................... Medical care services ............................................................................ Other services ........................................................................................ 341.2 234.5 102.0 300.8 382.8 274.2 351.0 241.3 104.2 310.1 395.0 286.5 351.6 242.0 104.1 310.8 396.3 287.2 353.9 242.9 105.1 314.1 400.2 288.0 355.3 243.6 105.7 314.4 404.4 289.1 356.5 244.8 105.8 315.4 405.3 290.4 358.1 246.4 106.2 315.8 406.3 291.3 339.5 234.0 348.2 240.7 348.4 241.3 349.8 242.3 350.1 242.9 349.9 244.1 350.1 245.7 297.2 379.7 272.0 306.0 392.3 283.6 306.9 393.8 284.3 310.3 397.5 285.0 310.6 401.8 286.1 311.6 402.7 287.6 312.1 403.9 288 3 All items less fo o d ........................................................................................... All items less homeowners' costs ................................................................. All items less mortgage interest c o s ts ........................................................... Commodities less food .................................................................................. Nondurables less food .................................................................................. Nondurables less food and apparel................................................................. Nondurables.................................................................................................... Services less rent of shelter (12/82 = 100) .................................................. Services less medical care ............................................................................ Domestically produced farm fo o d s ................................................................. Selected beef c u ts ........................................................................................... Energy ............................................................................................................. Energy commodities .................................................................................. All items less energy ..................................................................................... All items less food and energy.................................................................... Commodities less food and ene rg y........................................................ Services less energy............................................................................... 294.7 101.0 303.9 103.6 304.0 103.7 304.8 104.3 305.9 104.8 306.8 105.1 308.6 105.5 294.4 302.3 302.1 302.3 302.4 302.4 303.3 255.4 263.0 302.1 277.3 101.6 334.5 269.9 279.4 410.0 403.2 287.0 284.0 240 2 334.8 264.1 269.5 309.3 281.1 104.7 344.1 267.7 265.3 419.9 414.4 294.4 293.2 248.9 344.9 263.8 268.5 308.6 281.2 104.8 344.5 269.7 265.5 418.0 411.8 295.0 293.6 249.0 345.5 263.0 267.4 308.6 283.2 105.7 346.6 277.2 274.6 416.7 409.9 297.0 294.6 248.3 348.1 263.8 269.1 311.2 285.3 106.3 347.8 280.7 280.8 420.2 414.5 298.2 295.5 248.5 349.5 264.4 269.3 310.3 285.5 106.5 349.0 279.9 279.7 418.1 410.7 299.2 296.7 249 9 350.7 266.5 270.7 312.1 286.3 106 8 350.6 279.4 280.6 421.3 414.2 300.5 298.3 251.8 352.2 281.7 258.2 265.0 303.5 278.4 288 3 264.9 271.5 310.9 282.1 288.5 264.9 270.4 310.1 282.2 290.0 264.2 269.4 310.0 284.1 290.9 264.1 271.1 312.4 286.3 291.3 264.3 271.3 311.6 286.4 292.4 265.7 272.6 313.5 287.2 333.0 269.0 280.7 410.8 404.3 285.6 282.6 241.2 332.7 341.3 266.7 266.4' 420.8 415.8 291.8 290.3 247.8 341.6 341.3 268.7 266.6 418.7 412.9 292.1 290.3 247.7 341.8 342.6 276.0 275.8 417.0 410.7 293.5 290.7 247.2 343.4 342.4 279.4 282.1 420.2 414.7 293.8 290.4 246.6 343.6 342.1 278.6 281.3 418.2 411.3 294.0 290.7 247.2 343.3 342.2 278.1 282.3 421.5 414.8 294.6 291.3 248.4 343.3 Purchasing power of the consumer dollar, 1967 = $1 ................................ $0,338 $0 330 $0,329 $0,328 $0,326 $0,325 $0,324 $0,332 $0,330 $0,330 $0,330 $0,329 Special Indexes: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $0,339 $0,332 69 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Consumer Prices 20. C o n tin u ed — C onsum er Price In d ex— U.S. city average [1967 = 100 unless otherwise specified] All Urban Consumers 1983 General summary Apr. Nov. Urban Wage Earners and Clerical Workers 1984 Dec. Jan. 1983 Feb. Mar. Apr. Apr. 1984 Nov. Dec Jan. Feb. Mar. Apr. FOOD AND BEVERAGES 284.6 285.3 286.5 291.6 294.2 294.3 294.5 284.9 285.6 286.8 291.9 294.4 294.5 294.7 F o o d ................................................................................................................ 291 9 292.5 293.9 299.4 302.1 302.2 302.3 292.1 292.6 294.0 299.4 302.1 302.1 302.3 Food at home ................................................................................................. Cereals and bakery products ................................................................ Cereals and cereal products (12/77 = 100) ................................ Flour and prepared flour mixes (12/77 = 1 0 0 ).................... Cereal (12/77 = 100) .......................................................... Rice, pasta, and cornmeal (12/77 = 100) .......................... Bakery products (12/77 = 1 0 0 )..................................................... White b re a d ............................................................................ Other breads (12/77 = 1 0 0 ).................................................. Fresh biscuits, rolls, and muffins (12/77 = 100) .............. Fresh cakes and cupcakes (12/77 = 100) .......................... Cookies (12/77 = 100) ........................................................ Crackers, bread, and cracker products (12/77 = 100) . . . Fresh sweetrolls, coffeecake, and donuts (12/77 = 100) . . Frozen and refrigerated bakery products and fresh pies, tarts, and turnovers (12/77 = 100) .............. 283.4 291.1 156.1 140.2 173.8 145.8 153.3 252.1 148.8 152.5 154.9 156.8 147.2 153.7 281.4 295.7 157.9 140.8 177.3 146.1 156.0 257.0 151.9 155.7 157.9 157.6 147.8 156.8 283.0 297.1 158.2 140.1 178.0 146.8 156.9 257.4 152.0 157.8 159.7 159.2 148.1 157.7 290.2 299.8 159.3 143.0 178.6 146.7 158.4 259.1 153.7 157.9 161.5 161.1 151.2 159.7 293.6 300.3 160.3 143.4 180.4 147.2 158.5 257.3 153.9 158.7 160 4 162.6 152.3 160.4 293.1 301.5 161.9 144.6 182.3 148.8 158.8 258.9 153.0 158.8 160.0 162.9 153.9 160.5 292.8 302.8 162.5 143.8 183.9 149.2 159.4 258.2 154.7 159.2 161.2 163.8 156.6 160.1 282.5 289.6 156.9 140.4 175.9 146.8 152.0 247.6 150.7 143.4 153.3 157.6 148.7 156.2 280.5 294.3 158.6 141.3 179.4 147.2 154.8 252.7 154.1 151.7 156.2 158.4 149.2 159.6 282.1 295.7 158.9 140.4 180.1 148.0 155.7 253.2 154.1 153.7 157.9 159.9 149.6 160.4 289.1 298.3 160.0 143.3 180.8 147.9 157.1 254.8 155.8 153 9 159.5 161.9 152.6 162.4 292.4 298.9 161.0 143.8 182 5 148.4 157.2 253.0 156.0 154.7 158.6 163.4 153.6 163.2 291.9 300.0 162.6 145.1 184.4 150.0 157.5 254.6 155.2 154.9 158.1 163.7 155.2 163.3 291.6 301.3 163.1 144.1 186.1 150.4 158.2 254.0 156.8 155.1 159.2 164.8 158.1 163.1 157.1 160.6 161.5 163.3 163.9 163.8 166.0 150.2 154.0 154.9 156.5 157.1 157.0 159.1 Meats, poultry, fish, and eggs .............................................................. Meats, poultry, and f i s h ................................................................. Meats ..................................................................................... Beef and v e a l...................................................................... Ground beef other than canned...................................... Chuck roast ................................................................... Round r o a s t................................................................... Round s te a k ................................................................... Sirloin s te a k ................................................................... Other beef and veal (12/77 = 100) ............................. P o rk ..................................................................................... Bacon ............................................................................ Chops ............................................................................ Ham other than canned (12/77 = 1 0 0 ) ....................... Sausage ......................................................................... Canned ham ................................................................... Other pork (12/77 = 100) ............................................ Other meats ...................................................................... Frankfurters .................................................................... Bologna, liverwurst, and salami (12/77 = 100) . . . . Other lunchmeats (12/77 = 100) ................................ Lamb and organ meats (12/77 = 100) ........................ P ou ltry..................................................................................... Fresh whole chicken........................................................ Fresh and frozen chicken parts (12/77 = 1 0 0 ) ............ Other poultry (12/77 = 1 0 0 )......................................... Fish and seafood .................................................................... Canned fish and seafood ............................................... Fresh and frozen fish and seafood (12/77 = 100) . . . E gg s................................................................................................. 264 2 271.4 273.3 279.4 267,0 291.2 251.1 263.9 274.8 168.3 262.1 276.6 241.8 116.7 332.5 272.0 143.5 268.6 267.4 154.4 139.7 137.0 191.0 184.5 125.7 127.2 379.4 137.9 148.4 174.9 256.6 260.8 258.6 265.7 251.6 266.2 235.3 250.0 265.3 163.2 241.1 253.7 222.3 109.1 305.0 248.0 131.5 262.6 259.7 152.8 135.8 134.6 201.7 207.6 134.1 120.6 374 9 132.6 148.8 208.2 259.3 261.8 258.3 266.0 251.3 266.9 231.3 249.9 262.7 164.7 240 3 253.0 219.0 111.8 303.4 246.5 129 9 261.3 259.0 150.4 134.7 136.1 209.8 219.4 139 4 122.3 376 4 132.5 149.9 234.0 268 9 269.8 266 4 274.9 256.9 282.8 246.2 256.2 265.7 169.7 250 8 259.0 236.5 113.0 311.0 252.4 139.7 262.5 260.0 150.6 135.2 137.6 217.5 228.7 144.7 125.4 383.4 133.1 153.7 266.5 273.0 273.9 270.0 280 9 261.1 293.1 253.5 264.5 274.6 172.3 250.6 267.9 230.7 109 8 320.0 251.1 139.3 265.0 263.5 152.4 136.2 138 2 225.5 235.9 152.2 128.5 386 2 132.9 155.5 270.3 269.6 272.6 268.8 279.9 260.9 286.6 251.2 261.6 278.7 172.2 248 6 258.9 229 6 112.2 315.2 251.5 137.8 265.1 264.2 153.1 136.3 137.2 223.2 232.6 150.7 127.9 385.3 132.1 155.4 237.2 270.5 272.7 268.9 280.8 262.7 286.8 250.9 262.4 284.3 172.1 247.7 258.8 232.9 109.2 314.8 246.9 137.3 264.6 262.5 152.9 135.3 138.9 222.3 231.2 150.1 128.0 387.3 132.7 156.3 249.6 263.9 271.0 272.9 280.0 268.0 300.2 254.0 262.0 276.0 166.8 261.7 281.4 239.7 113.9 333.1 277.1 142.8 268.3 266.4 154.3 137.7 140.0 189.0 182.3 124.2 126.6 377.5 137.4 147.7 175.8 256.1 260.2 258.1 266.1 252.5 274.0 238.1 248 6 266.9 161.8 240.7 256.8 220.3 106.4 305 9 254.3 131.1 262.4 258.8 152 8 133.9 137.8 199.7 205.1 132.1 120 3 373.4 132.1 148.5 209.3 258.6 261.0 257.7 266.4 251.7 275.2 233.9 248.0 264.1 163.5 239.8 256.4 217.5 108.8 304.2 252.0 129.3 260.7 257.5 150.2 132.8 139.3 207.8 216.7 137.2 122.1 374.9 132.0 149.5 235.3 268 3 269.1 265.8 275.4 257.7 291.6 250.0 253.0 266.0 168.5 250.1 262.4 234.5 110.0 312.2 257.5 138.9 262.0 258.9 150.4 133.2 140.9 215.4 226.1 142.5 124.9 382.4 132.6 153.7 268.1 272.4 273.2 269.4 281.6 261.9 302.0 257.3 264.0 276 5 170.8 250.1 271.6 228 7 107.0 321.1 255.7 138.7 264.4 262.0 152.3 134.2 141.6 223.5 233.4 150.2 127 9 384.6 132.4 155.2 271.8 269.0 272.0 268.3 280.8 262 1 295.8 254.5 261.3 280.9 171.0 248.0 262.7 227.8 109.1 315.6 256.3 137.1 264.6 263.0 152.9 134.3 140.5 221.2 229.8 148.7 127.6 383.9 131.7 155.2 238.7 270.0 272.1 268.4 281.7 264.0 295.8 254.7 261.4 286.4 171.0 247.2 262.6 231.1 106.3 315.3 252.1 136.8 263.9 261.1 152.6 133.4 142.1 220 4 228.7 148 3 127.3 385.9 132.2 156.1 251.0 Dairy p ro d u cts........................................................................................ Fresh milk and cream (12/77 = 1 00 )............................................ Fresh whole milk .................................................................... Other fresh milk and cream (12/77 = 1 0 0 ).......................... Processed dairy products .............................................................. Butter ..................................................................................... Cheese (12/77 = 1 0 0 ) ........................................................... Ice cream and related products (12/77 = 1 00)..................... Other dairy products (12/77 = 100) ................................... 250.1 136.6 223.5 136.7 148.1 253.9 146.5 152.0 144.5 250.2 135.9 222.1 136.4 149.3 254.8 146.8 155.3 145.7 249.9 135.9 222.3 136.2 148.8 254.1 146.4 154.0 146.0 250.8 136.4 222.7 137.3 149.3 254.7 147.0 154.8 146.1 250.9 136.6 223.3 137.0 149.3 253.4 146.8 155.6 146.2 250.8 136.5 222.9 137 3 149.2 254.4 146.3 155.3 146.9 251.5 136.8 223.7 137.3 149.6 252.4 146.6 156.4 148.2 249 4 136.1 222.7 136.1 148 4 256.5 146.8 151.1 145.3 249.3 135.3 221.2 135.8 149.5 257.4 147.1 154.2 146.1 249.0 135.3 221.4 135.6 149.0 256.6 146.7 153.0 146.5 249.8 135.8 221.7 136.7 149.6 257.1 147.3 153.8 146.7 250.1 136.0 222.3 136.4 149.5 255.9 147.1 154 4 146.7 249.8 135.8 221.9 136.7 149.4 256 9 146.6 154.3 147.4 250.5 136.2 222.6 136 6 149.8 254.9 146.9 155.3 148.7 Fruits and vegetables ............................................................................ Fresh fruits and vegetables ........................................................... Fresh fruits ............................................................................ Apples ............................................................................ Bananas ......................................................................... Oranges ......................................................................... Other fresh fruits (12/77 = 1 0 0 )................................... Fresh vegetables ................................................................... Potatoes ......................................................................... Lettu ce ............................................................................ Tomatoes ...................................................................... Other fresh vegetables (12/77 = 1 0 0 ).......................... 294.9 304 3 291 9 259 9 295.1 301.3 155.8 316.0 258.7 316 0 327.5 186 9 288.9 288.7 279.5 265.9 233.1 307.8 148.5 297.4 305.0 329.8 243.0 163.0 292 6 294.2 270.4 270.0 230.0 283.4 143.0 316.6 317.6 371.8 222.2 177.2 311.0 327.8 289.6 277.0 244.3 301.3 156.9 363.6 342.3 328.3 285.6 226.1 321.0 342.8 296.0 287.9 263.2 303.0 158.2 386.6 359.6 278.5 332.8 252.1 323.2 344.3 300.5 298.6 264.1 309.6 159.1 385.4 363.5 290.5 318.5 249.4 315.3 326.5 304.2 299.3 275.2 309.5 161.5 347 4 367.3 244.4 280.4 218 9 291.1 298.9 282.2 260.5 293.0 274.4 150.9 314.0 253.3 311.6 332.1 186.4 285 1 283.4 269.3 267.3 230.7 279.3 142.9 296.2 300.1 330.0 246.9 162.3 289.3 289.8 261.1 270.8 227.8 257.5 137.8 315.7 314 3 375.0 224.7 176.1 307.3 322.5 279.5 277.6 242.4 275.1 151.1 361.4 337.5 329.8 290.4 224.0 317.2 337.4 286.2 289.3 260.7 276.2 152.6 383.8 353.2 280.2 337.6 249.7 319.4 339.0 290.8 298.7 262.2 284.2 153.4 382.7 357.7 292.6 322.7 247.0 311.2 321.0 294.0 300.4 273.1 283.4 155.1 345.4 360.1 247.1 286 6 217.2 Processed fruits and vegetables..................................................... Processed fruits (12/77 = 1 0 0 ) ............................................ Frozen fruit and fruit juices (12/77 = 1 0 0 ) .................. Fruit juices other than frozen (12/77 = 1 0 0 ) ............... Canned and dried fruits (12/77 = 1 0 0 ) ....................... 287.1 150 6 143 9 155.7 150.8 291.6 151.2 143.3 155.5 153.2 293.3 152.0 143.6 155.7 155.0 295.1 152.3 144.7 155.7 155.0 299.9 156.8 154.9 158 4 156.8 302.8 159.5 159.4 160.8 158.3 305.7 161.7 163.2 163.2 158.8 284.8 150.2 143.0 154.6 151.4 289.5 150.8 142.6 154.6 153.5 291.2 151.6 142.9 154.8 155.1 292.9 151.9 143.9 154.7 155.3 297.4 156.3 154.0 157.3 157.1 300.2 159.0 158.6 159.7 158.5 302.9 161.2 162.4 162.2 159.0 70 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20. C o n tin u ed — C o n su m er P rice In d ex— U.S. city average (1967 = 100 unless otherwise specified] Urban Wage Earners and Clerical Workers All Urban Consumers 19B4 1983 General summary 1984 1983 Apr. Nov. Dec. Jan. Feb. Mar. Apr. Apr. Nov. Dec Jan. Feb. Mar. Apr. Fruits and vegetables— Continued Processed vegetables (12/77 = 1 0 0 ) ................................... Frozen vegetables (12/77 = 100) ................................ Cut corn and canned beans except lima (12/77 = 100) Other canned and dried vegetables (12/77 = 100) . . . . Other foods at hom e ............................................................................... Sugar and sweets ......................................................................... Candy and chewing gum (12/77 = 100) ............................. Sugar and artificial sweeteners (12/77 = 1 0 0 ).................... Other sweets (12/77 = 1 0 0 ).................................................. Fats and oils (12/77 = 100) ........................................................ M argarine............................................................................... Nondairy substitutes and peanut butter (12/77 = 100) . . Other fats, oils, and salad dressings (12/77 = 1 0 0 )............ Nonalcoholic beverages ................................................................. Cola drinks, excluding diet cola ............................................ Carbonated drinks, including diet cola (12/77 = 100) . . . . Roasted coffee......................................................................... Freeze dried and instant coffee............................................... Other noncarbonated drinks (12/77 = 100) ....................... Other prepared fo o d s ...................................................................... Canned and packaged soup (12/77 = 1 0 0 ).......................... Frozen prepared foods (12/77 = 100) ................................ Snacks (12/77 = 1 0 0 ) ........................................................... Seasonings, olives, pickles, and relish (12/77 = 100) . . Other condiments (12/77 = 1 0 0 ) ......................................... Miscellaneous prepared foods (12/77 = 100) .................... Other canned and packaged prepared foods (12 77 = 100) . 138 0 150.9 139.6 130.6 339.2 373.2 150.8 168.3 151.4 258.6 259.6 151.5 129.5 431.8 313.1 146.8 361.4 349.5 140.6 276.9 140.9 155.0 159.2 159 3 155.3 151.6 147.4 141.8 151.8 143.2 136 0 343.4 376.0 152.0 170.4 151.7 275.4 268 9 151.8 143.8 435.2 315.7 149.4 355.4 352.4 141.8 277.9 142.0 156.4 158.6 160.7 155.4 152.8 147.0 142.8 151.5 145.8 136.8 343.6 377.7 152.8 171.1 152.3 278.2 273.7 151.4 145.4 433.7 314.3 148.8 354.2 351.2 141.8 278.2 142.8 155.5 158.9 160.6 155.5 153.3 148.0 144.2 153.3 145 9 138.7 346.6 380.0 154.0 170.9 153.9 279.7 278.2 152.2 145.4 439.1 319.9 149.1 359.2 353.7 143.8 279.9 142.6 157.2 159.5 161.6 156.6 154.3 149.1 144.6 154.2 146.2 138.8 348.4 381.2 154.5 171.8 154.0 281.1 280.5 153.9 145.5 441.8 318.3 152.6 364.3 357.2 144.5 281.4 143.2 156.8 162.8 162.3 156.6 154.6 149.7 144.9 153.5 148.2 138.8 349.7 384.8 156.0 172.5 156.5 280.7 280.1 153.7 145.2 443.5 319.1 153.2 367.6 359.8 144.9 282.1 143.6 156.0 163.3 162.9 156.6 155.0 151.6 145.6 156.0 148.5 138.9 351.0 387.7 158.6 171.8 156.9 282.4 280.5 154.3 146.7 443.6 320.8 151.3 368.6 362.2 144.7 283.8 144.6 159.3 163.0 163.5 157.5 155.8 151.7 136.8 152.5 137.1 129.2 340.0 373.0 150.8 169.7 149.1 258.4 258.1 149.9 130.1 433.5 310.4 144.5 356.2 349.0 140.9 278.5 142.7 154.2 161.2 158.3 157.1 151.8 148.7 140.7 153.4 140.8 134.5 344.2 375.7 151.8 171.7 149.5 275.5 267.1 150.1 144.5 437.3 313.2 147.5 350.2 351.6 142.1 279.4 143.9 155.7 160.7 159.9 157.2 153.0 148.2 141.6 153.2 143.2 135.3 344.4 377.6 152.7 172.4 150.0 278.2 271.7 149.6 146.1 435.7 311.6 146.9 349.0 350.5 142.2 279.7 144.6 154.5 161.0 159.5 157.4 153.5 149.2 143.0 154.9 143.3 137.1 347.4 379.7 153.9 172.0 151.8 279.5 276.4 150.4 145.9 441.1 317.2 147.0 353.9 353.1 144.2 281.5 144.4 156.5 161.6 160.5 158.4 154.5 150.4 143.3 155.8 143.7 137.1 349.1 380.7 154.3 173.0 151.7 280.9 278.8 151.9 146.1 443.5 315.8 150.3 358.9 356.5 144.8 283.0 145.2 156.1 164.9 161.4 158.4 154.8 150.9 143.6 155.2 145.5 137.1 350.2 384.5 155.9 173.7 154.2 280.2 278.1 151.8 145.6 444.9 316.1 150.7 362.0 359.1 145.2 283.7 145.5 155.1 165.4 161.9 158.4 155.1 152.8 144.3 157.7 145.8 137.2 351.6 387.3 158.4 173.0 154.7 281.9 278.5 152.2 147.1 445.2 318.0 149.0 363.0 361.6 144.9 285.4 146.5 158.4 165.2 162.4 159.4 156.0 153.0 Food away from home .................................................................................. Lunch (12/77 = 1 0 0 ) ............................................................................ Dinner (12/77 = 1 0 0 )............................................................................ Other meals and snacks (12/77 = 1 0 0 ) ............................................... 318.0 154.4 152.5 157.1 324.8 157.1 156.2 160.8 325.5 157.5 156.5 161.0 327.2 158.0 157.6 162.0 328.5 158.5 158.1 162.9 329.8 159.0 158.9 163.4 330.9 159.6 159.6 163.7 321.3 156.1 154.2 157.7 328.0 158.7 157.9 161.2 328.7 159.0 158.3 161.4 330.4 159.5 159.3 162.5 331.7 160.1 159.9 163.4 333.0 160.6 160.8 163.9 334.1 161.2 161.3 164.2 Alcoholic beverages 216.1 218 6 218.1 219.0 219.9 220.7 221.3 218.5 221.5 221.2 222.0 223.0 223.8 224.6 Alcoholic beverages at home (12/77 = 100) Beer and ale ........................................................................................... Whiskey.................................................................................................... Wine ....................................................................................................... Other alcoholic beverages (12/77 = 1 0 0 ) ............................................ Alcoholic beverages away from home (12/77 = 100) ................................ 139.7 222.5 151.4 236.3 121.5 146.5 140.9 225.9 152.9 234.8 121.5 149.9 140.4 225.5 152.4 232.1 121.4 150.4 140.8 225.7 153.5 233.2 121.7 151.6 141.5 227.7 153.2 232.4 122.8 152.0 142.0 228.7 153.6 233.6 122.8 152.6 142.3 229.9 153.1 233.4 122.8 153.6 141.3 221.2 151.9 243.9 121.3 147.7 143.0 225.2 153.4 242.3 121.5 150.9 142.6 224.8 152.9 239.9 121.3 151.5 142.8 224.9 153.7 241.0 121.6 153.0 143.6 226.8 153.5 239.8 122.6 153.2 144.1 227.8 153.8 241.5 122.8 153.9 144.5 228.9 153.7 241.7 122.7 154.8 HOUSING 320.3 327.0 327.4 329 2 331.0 331.5 333.2 320.3 324.5 324.2 324.7 324.2 322.9 322.7 Shelter (CPI-U) 341.7 351.1 351.8 353.2 354.0 355.5 357.8 Renters' c o s ts ................................................................................................. Rent, residential ..................................................................................... Other renters' costs ............................................................................... Homeowners' c o s ts ........................................................................................ Owners' equivalent r e n t ......................................................................... Household insurance............................................................................... Maintenance and repairs ............................................................................... Maintenance and repair services ........................................................... Maintenance and repair commodities..................................................... 101.8 234.5 343.7 101,7 101.7 102.0 343.6 382.8 258.7 105.0 241.3 359.8 104.3 104.2 106.1 353.4 398.5 262.3 105.1 242.0 356.1 104.5 104.5 106.1 354.7 400.8 262.6 105.7 242.9 361.7 104.9 104.8 106.6 356.7 402.4 264.6 106.0 243 6 362.5 105.1 105.1 107.1 353.5 400.9 260.4 106.5 244.8 364.5 105.6 105.5 107.1 355.3 405.9 259.3 107.4 246.4 371.2 106.2 106.2 106.1 356 3 408.1 259.2 342.4 347.1 346.6 346.1 343.7 342.0 341.3 Shelter (C P I-W ).............................................................................................. Rent, residential.............................................................................................. 234.0 240.7 241.3 242.3 242.9 244.1 245.7 Other renters' costs ........................................................................................ Lodging while out of to w n ...................................................................... Tenants' insurance (12/77 = 1 0 0 ) ........................................................ 342.3 358.2 153.2 357.3 370.9 159.4 352.9 363.9 159.4 359.1 374 0 160.4 360.9 377.9 161.1 363.0 381.3 161.1 370.7 393.8 159.8 Homeownership.............................................................................................. Home purchase ..................................................................................... Financing, taxes, and insurance.............................................................. Property insurance......................................................................... Property taxes ............................................................................... Contracted mortgage interest c o s ts ............................................... Mortgage interest ra te s ........................................................... Maintenance and repairs......................................................................... Maintenance and repair services..................................................... 381.2 301.0 492.2 422.3 232.9 625.5 206.0 339.0 378.9 384.9 300.0 499.2 438.0 239.6 632.2 208.6 349.1 393.3 384.1 298.9 497.6 437.2 240.7 629 4 208.7 351.0 395.6 382.9 298.0 494.8 438.3 242.7 624.1 207.6 353.0 397.6 379.4 294.4 490.5 439.3 243.2 617.2 207.7 351.9 396.8 376.6 292.5 484.8 439.9 244.1 607.9 205.4 353.8 400.3 374.9 291.7 480.8 440.3 244.8 601.6 203.9 354.2 401.0 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 71 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Consumer Prices 20. C o n tin u ed — C onsum er Price In dex— U.S. city average [1967 = 100 unless otherwise specified] Urban Wage Earners and Clerical Workers All Urban Consumers 1984 1983 General summary Apr. Nov. Dec. Jan. Feb. 1984 1983 Mar. Apr. Homeownership— Continued Maintenance and repair commodities..................................................... Paint and wallpaper, supplies, tools, and equipment (12/77 = 1 0 0 ).................................................. Lumber, awnings, glass, and masonry (12/77 = 1 0 0 )............ Plumbing, electrical, heating, and cooling supplies (12/77 = 100) ........................................................ Miscellaneous supplies and equipment (12/77 = 1 0 0 ) ............ Apr. Nov. Dec. Jan. Feb. Mar. Apr. 253.9 255.9 257.0 259.0 257.4 256.3 255.9 145.7 123.4 147.3 123.8 149.1 123.7 150.8 125.2 147.6 125.6 147.3 124.3 147.3 124.5 137.4 143.1 139.1 144.0 138.4 143.7 139.9 143.1 139.4 144.3 138.6 144.0 140.2 141.7 Fuel and other utilities 363.6 371.3 370.6 376.0 383.0 380.1 380.9 365.1 372.8 372.0 377.3 384.2 381.3 382.0 F u e ls ................................................................................................................ Fuel oil, coal, and bottled g a s................................................................ Fuel oil ........................................................................................... Other fuels (6/78 = 100) ............................................................. Gas (piped) and electricity...................................................................... E le ctricity........................................................................................ Utility (piped) gas ......................................................................... Other utilities and public services ................................................................ Telephone services.................................................................................. Local charges (12/77 = 1 0 0 ) ........................................................ Interstate toll calls (12/77 = 100) ............................................... Intrastate toll calls (12/77 = 100) ............................................... Water and sewerage maintenance........................................................... 459.2 610.6 618.4 186.7 420 5 319.9 578.3 211.7 171.9 139.9 121.8 116.6 347.5 468.1 623.9 631.5 191.4 428.2 331.8 576.3 217.3 175.4 143.8 121.5 119.8 363.6 467.4 623.9 631.5 191.4 427.5 329 8 578.2 216.5 174.3 142.2 121.4 119.7 364.3 470.4 642.8 652.7 193.6 427.3 332.8 571.1 224.6 183 3 154.3 121.4 122.1 367.4 479.6 688 6 705 0 197.4 429.0 334.2 573.6 228.0 186.8 159.0 122.4 122.1 369.0 475.2 660.0 671.6 196.4 429 5 335.8 571.4 227.4 185.9 157.7 122.4 122 0 369 5 476.0 650.7 660.9 195.6 432.3 338 9 573.2 228.2 186.4 157.8 122 3 123.7 371.4 459.3 612.8 620.4 187 7 420 1 319.3 576.5 212.5 172.4 140.3 122.3 116.6 350.8 467.8 626 4 633.9 192.4 427.5 330 8 574.0 218 4 176.0 144.4 121.9 119.8 367.8 467.2 626 4 633.9 192.3 426.7 329 0 575.7 217.4 174.7 142.6 121.9 119.8 368.5 469.9 645.1 654.9 194.4 426.2 331.9 568.1 225.7 183.9 154.8 121.9 122.2 371.7 479.1 691.4 707.6 198.1 427 9 333.3 570.1 229.2 187.5 159.6 122 8 122.1 373.2 474.7 662.4 673.9 197.1 428.4 335.1 567.9 228.5 186.6 158 4 122.8 122.0 373.9 475.4 652 9 663.1 196.3 431.1 338.0 569.8 229 2 187.0 158.4 122.7 123.6 375.7 Household furnishings and operations 239.0 239.9 240.5 240.4 240 4 241.2 242.3 236.0 236.7 237.3 237.3 237.4 238.0 238 9 Housefurnishings ............................................................................................ Textile housefurnishings......................................................................... Household linens (12/77 = 1 0 0 ) .................................................. Curtains, drapes, slipcovers, and sewing materials (12/77 = 100) ........................................................... Furniture and bedding..................................................................................... Bedroom furniture (12/77 - 100) ............................................... Sofas (12/77 - 100) .................................................................... Living room chairs and tables (12/77 = 1 0 0 ) ............................. Other furniture (12/77 = 100) ..................................................... Appliances including TV and sound equipment ................................... Television and sound equipment .................................................. Television ............................................................................... Sound equipment (12/77 = 100) ......................................... Household appliances .................................................................... Refrigerators and home freezers............................................ Laundry equipm ent................................................................. Other household appliances (12/77 = 1 0 0 ) ........................ Stoves, dishwashers, vacuums, and sewing machines (12/77 = 1 0 0 ) ............................................... Office machines, small electric appliances, and air conditioners (12/77 = 100) ................................... Other household equipment (12/77 = 1 0 0 ) ......................................... Floor and window coverings, infants', laundry, cleaning, and outdoor equipment (12/77 = 1 0 0 ) .................... Clocks, lamps, and decor items (12/77 = 1 0 0 ).......................... Tableware, serving pieces, and nonelectric kitchenware (12/77 - 1 0 0 )........................................................ Lawn equipment, power tools, and other hardware (12/77 = 100) ........................................................... 198.7 229.4 134.2 198.4 229.6 135.7 198.8 230 3 135.6 197.9 227 6 133.0 197.6 232.0 137.4 198.3 236.1 140.1 199 9 235.2 139.0 196.7 233.6 135.3 196.4 233.0 136.4 196.9 233 1 136.2 196.3 230 9 134.1 196 0 235.5 138.5 196 7 240.0 141.2 197.7 238 6 139.9 152.4 221.6 152.9 118.9 126.2 144.6 152.3 107.1 100.9 113.6 188 5 193.3 142.7 125.4 151.1 220.1 152 6 119.8 125.6 141.4 151.0 105.0 98.8 111.6 189.2 193.0 144,1 125.9 152.0 221.3 154.9 120.2 124.4 142.3 150.9 104.8 99.0 111.0 189.4 195.8 144.4 125.5 151.3 219.5 154.4 119.4 124.8 139.2 151.0 104.9 98.8 111.3 189.5 196.5 145.7 125.2 152.3 216.7 148 7 118.5 124.5 139.7 151.1 104.5 98.1 111.2 190.7 196.2 145.9 126.4 154.6 218.4 149.1 119.8 124.5 142.1 150.5 103.6 97.9 109.7 191.0 197.2 147.4 126 2 154.7 222 8 154.2 121.2 125.5 144.6 150.1 103.4 96.7 110.3 190.4 195.8 146.7 126.1 157.8 218.1 149 4 119.1 126 6 140.2 152.4 106.2 99.7 112.6 188.9 199.2 143.6 123.5 155.6 217.1 149.5 120.0 126 6 137.1 151.6 104.1 97.4 110.7 190.1 198.9 145.2 124.6 156.1 218 3 151.3 120.3 125.7 138.2 151.7 103.9 97.6 110.1 190.5 201.7 145.1 124.2 155.5 216.7 151.1 119.2 125 9 135.4 151.9 104.0 97.5 110.5 190.7 202.1 146.6 123 6 156.6 213.7 145.3 118.3 125.7 135.9 152.2 103.5 96.7 110.2 192.1 201 9 147.1 125.3 159.5 215.3 145.9 119.7 125.7 137.9 151.9 102.5 96.5 108.6 192.8 203.1 148.6 125.2 159.2 218.9 149.6 121.3 126.3 140.2 151.4 102.4 95.3 109.3 192.0 202.2 147,6 124.9 125.0 125 8 124.5 123.3 127.2 127.1 126.3 123.3 124.6 123.5 122.3 126.4 126 4 125.4 126.2 143.2 123.8 138.4 124.6 139.7 124.9 140.1 125.2 140.0 124.0 139.5 123.8 139.2 124.2 140.7 147.6 137.4 135.3 128 3 138.8 131.0 138.4 129 6 137.5 126.6 137.6 128.1 137.0 128.5 139.0 132.9 145.5 145.1 135.9 Housekeeping supplies .................................................................................. Soaps and detergents............................................................................ Other laundry and cleaning products (12/77 = 100) .......................... Cleansing and toilet tissue, paper towels and napkins (12/77 = 100) Stationery, stationery supplies, and gift wrap (12/77 = 100) ............ Miscellaneous household products (12/77 = 100) ............................. Lawn and garden supplies (12/77 = 1 0 0 )............................................ 296 9 294.5 150.6 148.8 139.6 154.5 147.2 Housekeeping services .................................................................................. Postage.................................................................................................... Moving, storage, freight, household laundry, and drycleaning services (12/77 = 1 0 0 ).................................................. Appliance and furniture repair (12/77 = 1 0 0 ) ...................................... 126.1 140.4 126.2 142.1 126.6 142.3 127.2 142.1 126.1 141.7 125 8 141.6 143.2 133.3 147.3 135.5 146.6 134.1 145.5 130.9 145.9 132.0 145.4 132.8 146.2 147.4 149 6 148.2 148.2 149.2 142.0 142.4 143.6 145.5 144,1 144.2 136.6 137 2 136 9 136.1 135.3 134.9 141.4 141.8 142.4 142.2 141.0 140.1 140.5 297 0 296.7 151.5 148.2 140.9 155.5 143.0 298.6 295.9 152.7 148.6 141.7 156.6 145.4 299.4 296.3 153.6 149.2 141.7 157.4 145.0 300.0 296.5 154.5 148.8 141.7 158.3 145.2 300 6 296.1 153.7 149.3 141.7 159.5 146.6 301.8 297.1 153.8 151.6 142.0 159.2 147.5 293.9 290.4 149.5 148.9 142.7 149.2 141.4 293.9 292.7 150.2 148.3 144.0 150.0 136.0 295.3 291.8 151.5 148.6 144.7 151.1 138 3 296.3 292 2 152 3 149.4 144.8 152.0 138 0 296.9 292.3 153.2 149.0 145.0 152.8 138 3 297.1 291.7 152.4 149.4 144.7 154.0 138.9 298.5 292.8 152.5 151.6 145.1 153.7 140.5 317.1 337 5 322.3 337.5 322.8 337.5 324 1 337.5 324.8 337 5 326.1 337.5 325.7 337.5 316.5 337.5 322.3 337.5 322.9 337.5 324 4 337.5 325.3 337 5 326.0 337.5 326.0 337.5 160.8 141.7 168.1 146.2 168 4 147.1 171.0 147.5 171.7 148.3 171.7 148.8 171.8 149.4 160.8 140.0 168.2 144.3 168.5 145.2 171.1 145.6 171.9 146.5 172.0 146 9 172.1 147.5 APPAREL AND UPKEEP 195.5 200.7 199.3 196.4 196.2 198.8 199.2 194.8 199.7 198.1 195.3 195.4 198.0 198.2 Apparel commodities 183.7 188.6 186 9 183 6 183.2 185 9 186.3 183.5 188.2 186.3 183.1 183.0 185.8 185.9 179.7 187.8 117.9 110.3 100.0 142.8 185 2 193 0 121.6 114.8 105.5 147.3 183.4 191.8 120.9 112.9 104.4 147.8 179.8 189.7 119.3 110.8 101.7 145.9 179.3 187.9 118.1 107.6 98.1 145.2 182.3 189.9 119.4 110.6 98.1 146.1 182.6 190.6 120.2 112.0 99.0 146.0 179.4 187.9 118.3 103.5 102.4 138.6 184.5 193.4 122.2 107.7 108.8 143.6 182.5 192.1 121.5 105.8 107.6 144.1 178.9 190.2 119.8 104.0 104.3 141.9 178.9 188.7 118.9 101.2 101.3 141.2 181.9 190.5 120.1 104.1 101.4 142.1 181.9 191.2 121.0 105.4 102.4 142.1 Apparel commodities less footwear........................................................ Men's and b o y s '..................................................................................... Men s (12/77 - 100) .................................................................... Suits, sport coats, and jackets (12/77 = 100) .................. Coats and ja cke ts.................................................................... Furnishings and special clothing (12/77 = 1 0 0 ) .................. 72 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20. C o n tin u e d — C onsum er Price In dex— U.S. city average [1967 = 100 unless otherwise specified] Urban Wage Earners and Clerical Workers All Urban Consumers 1984 1983 1984 1983 General summary Apr. Nov. Dec. Jan. Feb. Mar. Apr. Apr. Nov. Dec Jan. Feb. Mar. Apr. 122.0 112.0 123.5 115.2 134.9 125.5 160.6 106.5 168.1 161.5 100.1 131.1 80.5 108.2 97.1 107.5 125.2 113.9 125.2 119.9 137.6 124.4 167.0 110.9 173.3 171.9 102.0 136.1 85.7 111.8 106.2 107.6 125.7 112.9 123.9 118.8 137.0 122.7 164.9 109.5 170.3 172.0 98.9 136.5 81.7 110.2 101.8 106.7 125.7 111.4 124.0 118.8 136.2 123.3 158.8 105.4 162.8 164.1 94.5 134.8 75.2 106.6 98.1 102.6 125.7 112.1 123.1 118.4 136.2 121.6 159.0 105.6 162.9 166.5 93.0 135.5 75.2 106.4 98.9 102.2 127.0 112.4 124.1 119.7 137 9 122.1 163.3 108.7 167.2 175.9 92.5 136.8 85.0 108.0 100.6 103.9 127.3 113.6 123.2 119.7 137.2 120.3 163.2 108.6 164.9 175.0 92.8 136.9 85.1 108.2 100.6 104.3 125.0 117.7 121.5 115.7 130.4 122.6 163.1 108.3 177.1 145.7 101.0 130.8 99.4 109.2 98.5 109.1 127.8 120.1 123.8 122.1 133.3 121.6 168.6 112.4 177.4 158.0 102.4 135.7 105.8 110.8 103.3 108.3 128.5 118.8 122.4 120.6 132.9 120.0 166.0 110.8 174.8 157.1 99.4 136.2 100.2 108 8 98.8 106.3 128.9 117.1 122.7 121.1 132.1 120.6 160.0 106.8 166.9 150.5 94.7 134.4 93.9 104.8 95.1 101.4 128.8 117.8 121.7 120.7 131.9 119.0 160.7 107.2 166.9 153.7 93.3 135.2 95.0 105.6 96.6 102.7 130.0 118.3 122.8 122.0 133.4 119.6 165.3 110.5 172.8 162.9 93.0 136.5 106.4 107.4 98.3 104.6 130.1 119.9 121.8 122.0 132.7 117.6 164.5 109.9 170.1 160.6 93.5 136.6 104.2 107.6 98.1 105.2 127.8 280.4 214.4 121.8 145.8 128.7 288.7 216.6 118.6 149.2 130.5 282.7 215.6 121.4 147.0 128.0 283.6 215.5 119.8 147.6 126.3 286.2 216.1 122 4 147.0 128.0 288.0 217.2 120.8 148.8 128.1 289.2 217.6 122.6 148.3 126.9 291.0 202.5 119.4 136.2 127.5 298.1 205.2 116.8 140.0 129.1 292.1 204.2 119.3 137.8 126.5 292.4 203.7 117.7 138.1 125.2 297.0 204.4 121.1 137.2 126.9 298.6 205.3 119.7 138.7 126.9 299.7 205.5 120.8 138.4 Footwear.......................................................................................................... Men's (12/77 - 1 0 0 ) ............................................................................ Boys' and girls’ (12/77 - 1 0 0 ).............................................................. Women's (12/77 - 100) ....................................................................... 207.5 133.9 130.7 126.5 209 1 135.8 131.8 126.7 207.9 134.7 132.9 125.2 206.7 134.4 132.6 123.7 206.4 135.0 131.4 123.5 207.7 135.2 131.2 125.5 208.9 135.8 131.4 126.7 207.2 135.6 133.4 122.0 209.1 137.6 134.0 122.9 208.3 136.6 135.2 121.7 207.3 136.4 135.0 120.3 207.0 136.9 133.9 120.3 208.3 137.1 133.8 122.3 209.4 137.9 133.9 123.4 Apparel services ........................................................................................... 288.7 296.2 297.0 298.3 299.7 300.8 301.5 287.1 294.3 295.0 296.1 297.6 298.8 299.4 179.0 154.2 180.2 154.4 180.7 155.3 181.0 155.7 170.3 153.1 175.4 155.6 176.0 155.6 177.3 155.4 178.5 155.5 179.1 156.5 179.4 156.9 Men's— Continued Shirts (12/77 - 1 0 0 ).............................................................. Dungarees, jeans, and trousers (12/77 = 100) .................. Boys' (12/77 - 100) .................................................................... Coats, jackets, sweaters, and shirts (12/77 = 1 0 0 ) ............ Furnishings (12/77 = 100) .................................................. Suits, trousers, sport coats, and jackets (12/77 = 100) . . Women's and girls' ................................................................................ Women’s (12/77 - 100) .............................................................. Coats and ja cke ts.................................................................... Dresses .................................................................................. Separates and sportswear (12/77 = 100) .......................... Underwear, nightwear, and hosiery (12/77 = 100) ............ Suits (12/77 = 1 0 0 ) .............................................................. Girls' (12/77 - 1 0 0 )....................................................................... Coats, jackets, dresses, and suits (12/77 = 1 0 0 ) ............... Separates and sportswear (12/77 = 100) .......................... Underwear, nightwear, hosiery, and accessories (12/77 = 1 0 0 ) ............................................... Infants' and toddlers' ............................................................................. Other apparel commodities .................................................................... Sewing materials and notions (12/77 = 100) ............................. Jewelry and luggage (12/77 - 100) ............................................ 177.7 154.5 171.7 152.0 177.0 154.5 TRANSPORTATION 292.3 306.3 306.3 306.0 305.8 306.9 309.6 293.5 308.2 308.2 307.9 307.7 308.9 311.9 P rivate............................................................................................................. 287.5 301.7 301.8 300.9 300.8 301.9 304.8 289.9 304.9 305.0 304.1 303.9 305.2 308.3 New c a rs .......................................................................................................... Used cars ....................................................................................................... Gasoline .......................................................................................................... Automobile maintenance and repair .............................................................. Body work (12/77 = 100) .................................................................... Automobile drive train, brake, and miscellaneous mechanical repair (12/77 = 100) ..................................................... Maintenance and servicing (12/77 - 1 0 0 )............................................ Power plant repair (12/77 - 100) ........................................................ Other private transportation............................................................................ Other private transportation commodities ............................................ Motor oil, coolant, and other products (12/77 = 1 0 0 ) ............... Automobile parts and equipment (12/77 = 100) ........................ T ir e s ........................................................................................ Other parts and equipment (12/77 = 1 0 0 ) .......................... Other private transportation se rvice s..................................................... Automobile insurance .................................................................... Automobile finance charges (12/77 = 100) ................................ Automobile rental, registration, and other fees (12/77 = 100) . . State registration .................................................................... Drivers’ licenses (12/77 - 1 0 0 )............................................ Vehicle inspection (12/77 = 1 0 0 ) ......................................... Other vehicle-related fees (12/77 = 1 0 0 ) ............................. 201.1 312.7 367.6 327.4 164.7 206.2 356.1 378.1 335.2 169.5 207.0 357.6 375.2 335.4 169.6 207.2 357.3 370.3 336.1 170.2 207.2 357.2 368.8 337.4 170.3 207.2 362.2 368.6 338.3 170.7 207.4 370.0 374.0 338.9 171.4 200.7 312.7 369.3 328.1 163.4 205.7 356.1 380.1 335.6 168.2 206.5 357.6 377.0 335.9 168.3 206.7 357.3 372.1 336.6 168.9 206.7 357.2 370.7 338.1 169.0 206.7 362.2 370.5 339.0 169.3 206.9 370.0 375.7 339.6 170.1 157.3 151.0 156.2 258.4 212.2 156.1 134.5 186.4 133.4 273.1 299.0 157.3 141.4 186.6 133.9 131.1 157.6 163.4 152.7 160.2 265.6 209.2 152.9 132.7 183.1 133.0 283.1 312.8 159.1 147.3 195.4 154.5 139.8 160.5 163.6 152.8 160.1 266.8 208 4 153.3 132.4 182.7 132.9 284.8 315.0 160.0 147.5 195.6 154.5 139.8 160.7 163.8 152.9 160.9 267.6 203.3 153.3 128.3 175.7 132.1 287 2 318.8 160.1 148.9 195.1 158.0 139.2 163.5 164.4 153.5 161.8 267.7 202.8 153.8 127.8 174.2 132.0 287.5 319.8 159.3 149.1 195.1 158.0 139.2 163.9 165.1 153.9 162.1 268.3 201.3 152.5 126.9 171.8 133.2 288.7 322.3 159.2 149.1 195.5 158.0 139.2 163.5 165.1 154.2 162.4 269.0 202.4 152.7 127.7 172.9 134.0 289.3 321.8 160.9 149.5 195.7 158.0 139.8 164.3 161.2 150.4 155.7 259.3 214.7 155.0 136.4 190.1 133.4 273.7 298.2 156.6 142.2 186.3 134.1 132.4 165.4 167.2 151.9 159.5 266.6 211.7 151.7 134.6 187.0 132.9 283.7 312.1 158.7 148.3 195.2 154.8 140.5 167.7 167.4 152.0 159.5 267.9 211.4 152.3 134.3 186.5 132.7 285.4 314.3 159.7 148.6 195.4 154.8 140.5 167.9 167.6 152.0 160.4 268.4 205.6 152.2 130.0 178.5 131.9 287.6 318.0 159.6 149.8 195.0 158.3 139.9 170.4 168.4 152.8 161.2 268.5 205.2 152.7 129.6 177.9 131.8 287.7 318.9 158.7 150.1 195.0 158.3 139.9 171.1 169.1 153.1 161.6 269.1 203.5 152.3 128.5 175.1 132.7 289.0 321.5 158.7 150.1 195.4 158.3 139.9 170.7 169.2 153.4 161.9 269.9 204.8 151.9 129.4 176.5 133.6 289.7 321.0 160.4 150.4 195.6 158.3 140.3 171.5 Public ............................................................................................................. 361.1 370.3 369.0 378.2 377.4 377.4 377.1 353.3 359.9 359.0 371.1 370.1 370.2 370.0 Airline f a r e ....................................................................................................... Intercity bus fare ........................................................................................... Intracity mass tr a n s it...................................................................................... Taxi f a r e .......................................................................................................... Intercity train f a r e ........................................................................................... 417.2 394.6 320.2 302.0 352.0 431.6 416.0 324.3 304.7 364.8 428.5 405.5 324.5 307.6 370.7 430.3 425.3 342.8 308.2 373.7 429.5 428.2 341.4 308.3 373.5 429.0 427.6 342 0 308.5 373.4 427.7 428.7 342.3 308.8 373.4 415.9 396.9 319.1 311.4 352.5 427.2 416.9 322.5 313.5 365.6 424.4 402.6 322.7 316.7 371.3 426.4 423.9 342.8 317.2 374.0 425.5 427.1 341.3 317.5 373.8 424.9 426.8 341.8 317.7 373.7 423.5 427.6 342.1 317.9 373.7 MEDICAL CARE .............................................................................................. 353.5 364.9 366.2 369.5 373.2 374.5 375.7 351.2 362.9 364.3 367.5 371.3 372.6 373.9 235.3 237.1 Laundry and drycleaning other than coin operated (12/77 = 100) ............ Other apparel services (12/77 - 1 0 0 )........................................................... Medical care commodities 221.2 228.9 229.9 231.2 232.9 235.0 236.9 221.6 229.1 230.1 231.5 233.2 Prescription d ru g s ........................................................................................... Anti-infective drugs (12/77 - 1 0 0 )........................................................ Tranquilizers and sedatives (12/77 = 100) ......................................... Circulatories and diuretics (12/77 = 1 0 0 ) ............................................ Hormones, diabetic drugs, biologicals, and prescription medical supplies (12/77 - 1 0 0 )................................... 211.6 155.2 174.7 153.4 220.8 159.1 186.9 159.9 222.3 161.2 188.4 160.6 223.7 161.4 190.1 161.5 226.4 163.4 193.0 164.7 228.2 163.9 195.5 164.7 230.7 164.8 198.4 166.1 212.8 157.2 174.5 153.2 222.1 161.5 186.7 159.7 223.1 163.5 188.3 160.3 225.0 164.2 190.0 161.1 227.9 165.8 192.9 164.4 229.7 166.3 195.4 164.3 232.2 167.3 198.3 165.5 196.1 204.0 205.0 205.8 207.2 209.7 212.5 198.1 206.1 207.1 207.9 209.4 211.9 214.7 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 73 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Consumer Prices , 20. C o n tin u ed — C onsum er P rice In dex— U.S. city average [1967 = 100 unless otherwise specified] All Urban Consumers 1983 1984 Feb. Mar. Apr. Apr. Nov. Dec Jan. Feb. Mar. 182.1 183.8 185.5 187.7 173 4 182.4 183.0 184.2 185.9 187.7 190.0 167.1 169.8 171.4 173.2 159.7 165.1 166.2 167.4 170.4 172.0 173.9 159.2 137.9 259 4 153.4 159.6 138.0 260.1 154.6 161.2 138 4 263.1 155.8 162.1 138.9 264.9 156.5 154 6 133.9 250.2 150.6 158 8 136.6 257.7 154.1 159.1 136 5 258.8 154.0 160.1 136.8 260.6 155.0 160.6 137.0 261.4 155.7 162.1 137.3 264 4 157.5 163.0 137.8 266.1 158.0 396.3 400.0 404.4 405.3 406.3 379.7 392.3 393.8 397.5 401.8 402.7 403.9 332.9 362.0 314.0 156.2 335.9 366.0 316.0 157.4 339.8 370.4 319 8 158.7 341.1 372.2 321.1 158.8 342.5 373.5 322.5 159.5 318 4 351.8 293.4 148.5 332.0 364.3 310.7 152.5 333.3 365.9 311.8 152.7 336.3 369.9 313.9 153.8 340.3 374.4 317.8 155.0 341.6 376.1 319.0 155.0 343.0 377.5 320.5 155.8 471.5 201.0 641.9 197.1 473.0 202.2 643.5 198.8 477.9 204.3 650.2 200.9 482.5 206 4 657.9 202.7 482 8 207.0 659.4 203.3 483.4 207 5 660.3 204.2 456 9 188 4 600.7 184 9 467.9 199.0 633.9 195.4 469.5 200.1 635.9 197.0 474.1 202 1 641 9 199.1 479.0 204.4 650 4 201.0 479.3 204.9 651.7 201.5 480.0 205.6 652.9 202 4 244.6 249 5 249.5 249.9 251.5 251.7 253.8 241.1 245.7 245 8 246.2 247.7 248.0 249.8 246.0 249.0 248.7 248.9 250.7 250.6 253 4 240.5 243.4 243.1 243.6 245.3 245.3 247.7 164.5 312.6 170.7 157.8 300.4 164.8 162.3 307.8 170.4 161.8 308.3 168.7 160.3 308.6 164.9 163.4 310.4 171.3 161.9 312.0 166.5 164.0 312.9 170.8 Apr. Nov. Dec. 171.7 180.5 181.1 159.4 164.7 165.7 Nonprescription drugs and medical supplies (12/77 = 1 0 0 )....................... Eyeglasses (12/77 = 100) .................................................................... Internal and respiratory over-the-counter d r u g s ................................... Nonprescription medical-equipment and supplies (12/77 = 100) . . . 153.8 135.1 248.7 149.4 157.9 137 8 256.4 152.7 158.3 137.7 257.5 152.6 Medical care services 382.8 395 0 Professional services ..................................................................................... Physicians' se rvice s............................................................................... Dental services........................................................................................ Other professional services (12/77 = 100) ......................................... 318.0 348.2 295.7 151.9 331.7 360.5 312 9 155 9 Other medical care services............................................................................ Hospital and other medical services (12/77 = 1 0 0 )............................. Hospital r o o m ..................................................................................... Other hospital and medical care services (12/77 = 100) ............... 461.1 190.2 608.0 186.3 ENTERTAINMENT Entertainment commodities Prescription drugs— Continued Pain and symptom control drugs (12/77 = 1 0 0 ) ................................ Supplements, cough and cold preparations, and respiratory agents (12/77 = 1 0 0 ) ..................................................... Urban Wage Earners and Clerical Workers 1984 1983 General summary Jan. Apr. Reading materials (12/77 = 100) ................................................................. Newspapers ........................................................................................... Magazines, periodicals, and books (12/77 = 100)................................ 158.4 300.2 164.8 162.9 307.7 170.2 162 3 308.2 168 6 160.7 308.6 165.0 164.1 310.2 171.2 162 4 311.8 166.6 Sporting goods and equipment (12/77 = 1 0 0 ) ............................................ Sport vehicles (12/77 = 100) .............................................................. Indoor and warm weather sport equipment (12/77 = 1 00 ).................. Bicycles .................................................................................................... Other sporting goods and equipment (12/77 = 1 0 0 ) .......................... 133 6 136.3 121.3 196.1 132.0 134.7 137.8 118.1 198.6 134.5 135 0 138 5 117.4 198.2 134 8 136. V 139.8 117.8 200.1 135.2 135.9 139.5 117.4 201.5 134.6 136.1 139.9 117.1 201.5 134.0 139.1 144.6 117.5 201.1 135.6 127.5 126.7 118.9 197.4 132.0 128.7 128.5 116.0 199 3 134.4 129.1 129.2 115.3 199 0 134.7 130.1 130 5 115.8 200.9 134 6 130.3 130.7 115.3 202 4 134.2 130.0 130 4 115.1 202.5 133.8 132 6 134.1 115.6 202.2 135.3 Toys, hobbies, and other entertainment (12/77 = 100) ............................. Toys, hobbies, and music equipment (12/77 = 1 0 0 ).......................... Photographic supplies and equipment (12/77 = 100) ....................... Pet supplies and expenses (12/77 = 1 0 0 )............................................ 138 5 137.3 131.6 145.8 139.1 136.7 131.7 148.8 138.8 136.6 130.2 148.9 139 3 137.0 130.1 150.1 139 8 137.3 131.9 149.9 140.5 138.6 132.6 149.7 141.0 139 3 132.9 149.9 137.2 133.4 132.6 146 9 137 8 132 8 132.7 146.9 137.6 132.9 131.2 150.1 138.2 133.4 131.2 151,1 138.7 133.8 133.0 150.9 139.5 135 2 133.8 150.8 140.0 135.8 134.2 151.0 Entertainment services.................................................................................. 243.1 250 5 251.1 251.8 253.1 253.8 254 9 243 3 251 0 251.7 252.1 253.2 253 9 254 7 Fees for participant sports (12/77 = 1 00 )..................................................... Admissions (12/77 = 1 0 0 )............................................................................. Other entertainment services (12/77 = 100) ............................................... 151.3 141.7 131.6 156.4 146.6 133 3 156.9 147.2 133.0 157.8 147.3 132.9 158.6 148.3 133.4 158.5 148.9 134.5 159.5 149.4 134.8 152 4 140.7 132.6 157.7 145.6 134.4 158.1 146.3 134.0 158.8 146.2 133.9 159.2 147.2 134.4 159.2 147 8 135.7 160.1 148.3 135.7 OTHER GOODS ANO SERVICES 283.2 298 1 298 6 300 5 301.5 302.1 302 8 281.4 295 5 295.9 298.1 299.2 299.7 300 4 Tobacco products 284.9 299 9 299.9 304 3 305 4 305.6 305.9 284.3 299.7 299.6 304 0 305.1 305 2 305.6 Cigarettes ....................................................................................................... Other tobacco products and smoking accessories (12/77 = 1 0 0 )............... 292 0 149.6 308 2 152.7 308.0 153.9 312 8 154.9 313 8 156.1 313.8 157.0 314.1 157.6 290.9 149.5 307.3 152.7 307.0 153.9 311.8 154.9 312.7 156.0 312.8 157.0 313.1 157.6 Personal care ................................................................................................. 259 1 265.6 266.3 266.9 267.9 267 8 268 9 257.1 263.7 264.4 265.0 266.1 265 7 266 9 Toilet goods and personal care appliances..................................................... Products fur the hair, hairpieces, and wigs (12/77 = 100) ............... Dental and shaving products (12/77 = 100) ...................................... Cosmetics, bath and nail preparations, manicure and eye makeup implements (12/77 = 100)............................................ Other toilet goods and small personal care appliances (12/77 = 100) . . . 258.5 150.9 160 5 265.7 154.5 166.7 266.3 154.0 167.3 266 8 154.3 167.8 267.9 154.7 168.1 265.9 154.1 164.6 267.3 154.9 165.1 259.3 150 3 158 9 266.6 153 6 165.1 267.1 153.1 165.6 267.5 153.2 166.0 268.7 153.8 166.3 266.6 153.3 162.9 268.1 154.1 163.3 145.6 146.0 148.9 150.5 149.8 150.7 150.0 151.0 150.6 152 4 150.0 151.8 151.8 151.6 146.3 149.8 150.1 154.1 151.1 154.4 151.1 154.8 151.7 156.2 150.8 155.4 152.7 155.2 Personal care services .................................................................................. Beauty parlor services for women ........................................................ Haircuts and other barber shop services for men (12/77 = 100) . . . 260.7 264.2 143 8 266.6 269.8 147.5 267.4 270.7 147.8 268.1 271.2 148.4 269.0 272.3 148.7 270.4 273 4 149.9 271.4 274.4 150.4 255.4 257.2 142.7 261.4 262.9 146.3 262.1 203.7 146 7 263.0 264.5 147.2 264.0 265 7 147.5 265.3 266 6 148 6 266.1 267.5 149.2 Personal and educational expenses 324.9 351.3 352.1 353.5 354.4 356.4 356.9 326.8 352.9 353.7 355.4 356.4 359.2 359.7 292.5 332.7 167.6 167.4 168.8 183.1 308.8 361.0 182.9 182.7 183.9 194.6 308.9 361.9 182 9 182 8 183.9 196 8 314.4 362 7 183.0 182.9 183.9 198 6 317.2 363.3 183 2 183.0 183.9 199 6 317.1 365.7 184.3 184.5 183 9 201.2 317 6 366.1 184.4 184.7 183.9 202.0 296.5 334.5 168.2 167.5 169 8 183.1 313.0 352.9 183.3 182.6 184 9 195.2 313.0 363 6 183 3 182.7 184.9 197.3 318.8 364 5 183 4 182.7 184.9 199.1 321.7 365 2 183.5 182.9 184.9 200.2 321.6 368.6 185.2 185.4 184 9 202.1 322.2 369.0 1853 185.5 184 9 202.8 363.4 373.7 370 9 366.3 365.1 364.7 369 8 333.4 357.3 340 7 364.2 339.8 364.9 344.6 366 4 346.6 366 9 346.5 368.7 348.0 368.6 365.0 411.6 332.6 359.5 375.5 419 8 339 4 370.4 372.5 419 4 338.5 372.0 367.9 418.4 343.6 373.9 366.0 415.7 345.5 373.8 366.5 412.6 345.5 376.1 371.4 410.3 347.0 376.6 Schoolbooks and supplies ............................................................................ Personal and educational services ................................................................. Tuition and other school fe e s ................................................................. College tuition (12/77 = 1 0 0 )........................................................ Elementary and high school tuition (12/77 = 100) ..................... Personal expenses (12/77 = 1 0 0 ) ........................................................ Special indexes: Gasoline, motor oil, coolant, and other p ro d u cts ......................................... Insurance and finance...................................................................................... Utilities and public transportation.................................................................... Housekeeping and home maintenance service s............................................ 74 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21. C o n su m er P rice Index fo r All Urban C onsum ers: C ross classification of region and popu lation size c lass by exp en d itu re categ o ry and co m m o d ity and service group [December 1977 = 100] Size clast A (1.25 million or more) Category and group 1984 1983 Dec. Feb. Size class B (385,000-1,250 million) 1984 1983 Apr. Dec. Size class C (75,000-385,000) Feb. 1983 Apr. Dec. 1984 Size class D (75,000 or leu) 1983 1984 Feb. Apr. Dec. Feb. Apr. Northeast EXPENDITURE CATEGORY All items ................................................................................................................................. Food and beverages ....................................................................................................... H ousing........................................................................................................................... Apparel and upkeep ...................................................................................................... Transportation ............................................................................................................... Medical care .................................................................................................................. Entertainment.................................................................................................................. Other goods and services .............................................................................................. 157.2 148.8 161.7 122.7 166.5 168.3 145.9 167.9 159.5 152.4 164.3 121.1 168.4 171.8 146.6 169.1 160 7 152.7 165.3 123.8 170.1 173.2 148.1 170.6 163.7 146.7 172.6 129.5 174.2 170.7 140.3 167.7 165.9 151.8 176.9 124.0 172.6 175.1 140.3 168.7 166.3 151.5 175.7 128.5 174.1 177.6 143.8 169.1 168.3 151.9 179.5 133.0 172.9 174.2 149.0 172.3 170.5 155.0 183.7 128.7 173.2 176.5 149.9 173.5 170.9 155.2 183.0 131.8 174.3 176.9 152.8 174.5 162.3 147.6 166.4 134.1 172.5 177.5 152.3 171.8 164.9 152.4 170.1 132.6 172.2 181.1 352.4 173.6 166.3 152.4 172.9 133.6 173.4 182.5 152.3 173.9 COMMODITY AND SERVICE GROUP Commodities........................................................................................................................... Commodities less food and beverages ......................................................................... Services.................................................................................................................................... 151.4 152.9 164.4 153.6 154.0 166.9 154.1 154.7 168.8 157.1 162.0 173.6 159.3 162.5 175.8 159.9 163.5 176.1 157.0 159.2 186.3 159.1 160.7 188 6 159.2 160.8 189.6 155.5 159.0 172.7 158.6 161.1 174.4 158.2 160.4 178.4 North Central Region EXPENDITURE CATEGORY All terns ................................................................................................................................. Food and beverages ...................................................................................................... H ousing........................................................................................................................... Apparel and upkeep ....................................................................................................... Transportation ............................................................................................................... Medical care .................................................................................................................. Entertainment.................................................................................................................. Other goods and services ............................................................................................. 167.6 145.2 185.8 120.3 168.9 172.4 144.2 163.8 168.7 149.4 186.2 116.7 168.6 176.2 144.6 165 9 169.9 149.4 187.7 118.2 170.5 177 4 145.1 165.9 163.6 143.8 171.5 131.2 171.6 173.9 133.6 177.4 165.2 148.0 173.4 126.6 170.9 176.9 135.7 177.4 166.8 148.6 175.2 132.8 172.9 177.2 140.6 178.6 161.6 144.7 169.0 132.3 172.1 168.0 148.4 161.7 162.5 148.6 169.9 129.0 171.1 170.2 148.3 163.0 163.4 148.8 169.1 132.6 173.8 172.7 151.0 163.6 162.8 152.9 167.0 127.5 170.8 177.6 139.1 172.3 163.7 155.9 167.0 123.0 170.0 183.2 144.2 175.0 164.5 156.9 167.3 126.1 172.2 182.9 141.3 176.1 COMMODITY AND SERVICE GROUP Commodities........................................................................................................................... Commodities less food and beverages ......................................................................... Serv.ces.................................................................................................................................... 155.6 160.9 185.2 156.8 160.0 186.3 158.1 162.1 187.2 154.2 158 7 178.6 155.7 158.6 180.4 157.3 160.9 182.1 152.6 156.3 176.2 153.6 155.7 176.8 155.1 157.9 176.8 152.9 153.0 178.3 153.8 152.7 179.3 154.8 153.8 179.8 South EXPENDITURE CATEGORY All items ................................................................................................................................. Food and beverages ....................................................................................................... H ousing........................................................................................................................... Apparel and upkeep ...................................................................................................... Transportation ............................................................................................................... Medical care .................................................................................................................. Entertainment.................................................................................................................. Other goods and services .............................................................................................. 163.5 151.9 169.3 130.5 171.5 173.6 142 9 166.6 165.7 156.3 172.4 129 9 171.0 176.2 142.9 169.6 166.3 156.3 172.3 131.3 172.6 177.1 145.2 170 0 164 9 149 8 170.9 128.7 174.4 174.0 154.6 169.1 166 9 154.8 172.0 129.6 174.1 177.0 157.7 171.5 168.2 155.6 173.7 128.1 176.2 178 5 159.6 172.4 163.7 148.5 169.4 126.7 172.5 182 7 150.0 167.5 165.3 153.2 170.7 124.8 171.8 186.7 151.4 169.5 166.9 153.0 173.2 127.5 174,0 187.5 153.2 170.2 165.7 152.3 174.6 116.0 170.2 189.9 147.5 167.3 166.6 157.5 174.2 110.9 170.2 193.3 148.5 167.9 168.1 156 6 176.4 114.7 172.3 193.7 150.5 169.2 COMMODITY AND SERVICE GROUP Commodities........................................................................................................................... Commodities less food and beverages ......................................................................... Services.................................................................................................................................... 155,9 157.7 174.0 157.9 158.1 176.5 158.6 159 4 176 8 156.9 160.1 176.9 159.2 160.7 178.4 160.2 161.8 180.1 154.8 157.8 177.5 156.5 157.7 178.4 157.7 159.7 181.2 155.6 157.1 180.8 159 9 156.1 181.2 152.9 158.1 183.4 West EXPENDITURE CATEGORY All items ............................................................................. ............................................... Food and beverages ...................................................................................................... H ousing........................................................................................................................... Apparel and upkeep ....................................................................................................... Transportation ............................................................................................................... Medical care .................................................................................................................. Entertainment.................................................................................................................. Other goods and services .............................................................................................. 164.0 152.7 169.4 122.7 174.2 178.0 142.6 168.8 165.7 155.8 171.7 123 8 172.9 181.2 144.3 171.1 167.2 155.3 173.7 124.3 176.4 182.6 144.1 171.5 164.0 154.4 167.2 127.9 175.3 176.5 147.5 170.0 165.3 158.4 168.4 124.9 175.0 178.2 148.1 171.3 166.8 158.6 170.4 126.9 177.5 179.8 148.9 171.3 156.3 150.2 153.9 123.4 171.1 180.9 148.8 166.2 157.6 153 7 154.6 123.8 170.5 184.5 151.8 166.8 159.1 155.0 155.8 123.9 173.5 185.9 154.4 166.5 164.0 156.0 164.4 144.4 171.1 178.9 161.2 174.5 164.8 160.3 165.2 141.2 168.6 183.8 161.4 175.3 166 5 160.3 168.0 142.9 171.1 184.6 160.6 175.1 COMMODITY AND SERVICE GROUP Commodities........................................................................................................................... Commodities less food and beverages Services.................................................................................................................................... 153 5 153 9 177.8 154.1 152.9 180.6 155.9 156.1 181.9 156 3 157 2 174.7 157.3 156.2 176.2 158.7 158.4 178.0 154 3 156.0 158.8 155.3 155.3 160.4 157.1 157.4 161.7 154.3 153.6 178.3 154.6 151.5 179.9 155 6 153 2 182.3 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Consumer Prices 22. C o n su m er P rice in d ex— U.S. city average, and selected areas [1967 = 100 unless otherwise specified] All Urban Consumers Area1 U.S. city average2 ...................................................................... Anchorage, Alaska (10/67 = 100) ............................................ Atlanta, Ga...................................................................................... Baltimore, Md................................................................................ Boston. Mass................................................................................. Buffalo, N Y.................................................................................... Chicago, III.-Northwestern Ind..................................................... Cincinnati, Ohio—Ky.—Ind.............................................................. Cleveland, O h io ............................................................................ Dallas-Ft. Worth, Tex..................................................................... Denver-Boulder, Colo..................................................................... 1983 Dec. Jan. Feb. Mar. Apr. Apr. Nov. Dec Jan. Feb. Mar. Apr. 295.5 303.1 303.5 305.2 306.6 307.3 308.8 294.9 301.4 301.5 302.7 303.3 303.3 304.1 311.1 300.1 270.4 297.6 282.5 295.3 307 6 296.6 303.9 316.8 303.9 299.9 300.1 296.5 278.4 320.7 303.0 297.7 Philadelphia, Pa.-N.J.................................................................... Pittsburgh. Pa................................................................................ Portland, Oreg.-Wash................................................................... St. Louis, M o.-Ill.......................................................................... San Diego, Calif.............................................................................. 283.5 305.2 San Francisco-Oakland, Calif......................................................... Seattle-Everett. Wash..................................................................... Washington, D C -M d.-V a ........................................................... 299.3 293 9 288 5 291.7 317.5 294.3 291.8 314.3 305.4 320.0 301.3 303.1 299.1 280.7 323.6 306.4 300.2 297.3 291.0 294.4 306.7 293.6 332.8 323.9 315.3 301.7 304.1 305.6 295.0 300.7 283.2 325.7 309.1 302.8 276.9 317.6 293.5 290.2 319.6 299.0 296.4 315.5 299.9 293.0 296.7 1The areas listed include not only the central city but the entire portion of the Standard Metropolitan Statistical Area, as defined for the 1970 Census of Population, except that the Standard Consolidated Area is 294.2 322 0 300.9 312.4 282.2 298.2 318.6 286.8 300.7 301.3 297.8 288.2 317.9 300.0 299.9 287 3 290 9 294.8 315.9 294.7 312.5 288.2 294.3 302.6 used for New York and Chicago. 2Average of 85 cities. 296.0 313.8 304.7 297.9 284.3 323.5 296.6 299.0 290.2 293.2 296.7 302.9 298.6 297.9 289.0 324.9 299.7 298.9 166.3 335.3 318.6 290.5 298 5 299 6 289.5 296.8 329.6 289 9 294.0 298.8 321.1 291.2 299.0 301.5 292.2 297.3 326.6 308.7 299.4 308.1 296.3 320.7 316.5 341.7 307.9 306.1 299 0 302.7 296 9 286.6 318.2 317.7 165.9 327.5 289.6 299.3 323.7 310.2 305.1 298.3 313.4 336.0 301.8 309.3 307.2 298.2 285.9 314.9 313.5 164.9 328.9 298.0 302.7 349.8 311.7 311.1 303 4 285.6 295.7 316.0 265.9 309.6 303.8 294.4 338.4 165.6 316.8 295.1 300 9 346.6 307.3 278.4 344.7 165.0 314.0 293.9 299.6 342.3 309.5 298.6 305.0 264.0 309.7 302.4 292.5 293.0 331.1 322.7 343.0 164.0 312.5 309.4 286 5 305.2 318.4 264.0 310.4 302.0 290.5 330.7 317.6 339.8 272.8 316.7 295.9 289.5 309.3 288.2 319.5 308.6 274.4 271.5 307.3 304.7 294.0 Honolulu, H a w a ii......................................................................... Houston, Tex.................................................................................. Kansas City, M o .-K a n sa s........................................................... Los Angeles-Long Beach, Anaheim, Calif..................................... 76 1984 Nov. 294.9 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1983 Apr. Detroit, Mich.................................................................................. Miami, Fla. (11/77 = 100) ........................................................ Milwaukee, Wis.............................................................................. Minneapolis-St. Paul, Minn.-Wis................................................. New York, N.Y.-Northeastern N.J................................................ Northeast, Pa. (S cranton)........................................................... Urban Wage Earners and Clerical Workers 1984 310.8 299.9 308.2 23. P roducer P rice Indexes, by stage o f processing [1967 = 100] Commodity grouping Annual average 1983 1984 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan.1 Feb. Mar. Apr. May FINISHED GOODS 285.2 284.2 285.0 285.7 286.1 285.1 287.6 286.8 287.2 r289.5 290.6 291.7 291.4 291.5 284.6 261.8 r258.7 r260.0 335.3 233.1 r231.5 r287.2 283.6 262.6 267.2 260.1 332.0 232.9 230.3 286.5 284.6 261.2 251.2 260.0 335.7 233.1 230.7 286 7 285.2 260.7 247.1 259.8 337.7 233.4 232.0 287.2 285.7 260.7 259.9 258.7 338.6 233.8 232.7 287.7 285.1 263.0 267.4 260.5 338.6 229.2 233.0 285.1 287.0 263.7 287.3 259.5 338.1 235.3 233.6 289.9 285.9 261.9 270.4 259.0 336.8 235.4 234.1 r290.0 286.3 264.3 266.0 262.0 335.2 235.9 234.0 290.4 r288.9 272.2 r306.9 r266.9 335.0 235.9 r236.0 r291.6 290.1 274.7 315.9 268.9 335.9 236.2 236.1 292.5 291.4 277.0 332.5 269.8 337.0 236.6 237.2 292.7 290.6 275.0 307.9 269.9 336.7 236.7 237.6 294.1 290.7 272.3 279.7 269.4 339.3 236.6 238.6 294.3 Intermediate materials, supplies, and components.................... r312.3 309 7 311.3 312.8 314.0 315.5 315.6 315.5 315.7 r316.3 317.4 319.5 320.2 320.8 Materials and components for manufacturing.................... r293.4 291.9 292.4 294.1 294.7 296.7 296.4 296.5 297.6 r298.9 299.5 301.7 302.6 303.0 263.5 283.3 322.3 282.6 260.0 284.6 321.6 283.0 262.9 285.7 322.8 283.5 r268.6 r286.6 r323.4 r284.5 267.9 286.9 325.2 284.9 269.2 290.2 328.3 285.2 271.3 291.4 329.0 285.9 275.6 292.5 326.8 286.6 Finished g o o d s ............................................................................ Finished consumer goods .................................................. Finished consumer foods ............................................... Crude ............................................................................ Processed ................................................................... Nondurable goods less fo o d s ......................................... Durable goods ................................................................ Consumer nondurable goods less food and energy . . . Capital equipment................................................................ INTERMEDIATE MATERIALS Materials for food manufacturing................................... Materials for nondurable manufacturing ....................... Materials for durable manufacturing ............................. Components for manufacturing...................................... 258.4 r280.0 r319.4 r280 4 257.0 277.7 318.4 279.4 257.0 277.7 319.0 280.3 257.4 279.7 320.9 281 6 260 5 281.1 320.9 281.5 269.4 282.7 323.1 281.8 Materials and components for construction....................... r301.8 301 2 302.4 302.9 303.7 303.1 303.6 303.9 304.9 r305.5 307.5 309.2 310.1 309.6 Manufacturing industries.................................................. Nonmanufacturing industries ......................................... r564.8 r479.0 r640.0 547.8 462.9 622.2 562.0 475.9 637.5 567.9 480.9 644.1 572.0 485.1 648.0 573.4 487.2 648.8 574.2 490.5 647.2 568.1 484.9 640.6 561.7 478.8 634.0 r556.4 r474.2 r628.0 561.7 478.3 634.5 568.4 484.2 641.8 564.2 482.7 635.1 569.2 488.1 639.5 Contaners............................................................................ 286.6 285.8 285.9 286.1 286.3 287.1 288.1 289.3 289.9 r292.3 293.2 295.5 298.4 301.3 S upplies................................ • ............................................. Manufacturing industries.................................................. Nonmanufacturing industries ......................................... Feeds ............................................................................ Other supplies.............................................................. r277.1 269.9 r281.1 r225.9 r292 8 275 6 268.9 279.3 218.1 292.2 275.6 269 8 278.8 213.4 292.5 276.2 270.1 279.6 216.2 291.9 277 9 270.5 282.0 230.7 293.0 280.2 270 8 285.3 249.6 293.4 280.6 271.8 285.3 246.7 294.0 281.6 272.2 286.7 251.0 294.8 281.6 273.3 286.1 243.9 295.5 r282.6 r274.5 r287.0 r243.7 r296 6 282.2 275.9 285.7 227.8 298.0 283.1 276.2 286.9 232.3 298.6 284.1 277.7 287.7 233.5 299.3 284.2 278.3 287.6 229.5 300.0 323.6 325.8 323.3 320.6 327.1 328.5 324.8 324.0 327.5 r333.5 332.8 339.4 340.1 338.5 CRUDE MATERIALS Crude materials for further processing ...................................... Foodstuffs and feedstuffs..................................................... r252 2 256.5 252.1 248.4 256.4 257 2 253.7 251.8 256.0 r264.0 260.7 270.7 270.4 267.2 Nonfood materials................................................................ r4 7 7 . 4 475.4 476.8 476.2 479.6 482.5 478.2 479.4 481.6 r483.4 488.2 487.9 490.4 492.2 388.1 r372 2 369.0 370.5 371.6 375.6 378.1 377.1 377.7 379.1 r380.1 385.5 r 3 8 1 .9 378 3 379 9 3 8 1 .6 385 7 3 8 8 .3 387 4 3 8 7 .9 389 4 r3 9 0 . 4 3 9 5 .5 3 9 9 .1 r270 6 270.3 271.3 270.9 271.0 272.5 270.5 272.1 272.7 r273.7 280.2 276.8 389 0 399.8 278.2 389.7 .................................................................. Construction................................................................ Crude fu e l......................................................................... Manufacturing industries ............................................ Nonmanufacturing industries...................................... 931.5 r1,094.5 r816.3 935.9 1,100.9 819.1 936.7 1,102.3 819.4 927.8 1.090.4 813 0 926.9 1,088.9 812 5 931 0 1,093.9 816.1 910.9 1,067.1 801.1 915.3 1,071.8 805.3 921.1 r926.1 1,079.0 r1,086.5 810.1 r813.2 927.4 1,087.5 814.6 911.5 1,066.1 803.2 922.2 1,081.1 810.3 929.2 1089.3 816.6 Finished goods excluding fo o d s .................................................. Finished consumer goods excluding foods ....................... Finished consumer goods less energy................................ r290 8 r291.4 249.9 289.3 289.4 249.7 290.8 291.6 249.4 291.8 292.6 249 9 292.5 293.5 250.2 290.3 291.4 249.7 293.4 293.9 252.1 293.0 293.2 251.7 292.6 292.5 252.6 292.9 292.5 r256.1 293.6 293.1 257.1 294.3 293.9 258.4 294.6 293.7 257.9 295.7 295.1 257.3 Intermediate materials less foods and feeds ............................. Intermediate materials less energy...................................... r317.1 r295.2 314 6 293.9 316.4 294 4 318.0 295.6 318.7 296 5 319.5 298.1 320.0 298.2 319.9 298.5 320.2 299.4 r320.6 r300.5 322.1 301.2 324.2 303.0 324.8 304.1 325.4 304.4 Intermediate foods and feeds ..................................................... r247.9 244.4 242.8 244 0 250.9 263.2 258.2 257.4 256 9 260.7 254.9 257.3 259.1 260.6 Crude materials less agricultural products ................................ Crude materials less energy ............................................... r538 6 246 5 536.2 249.0 537.5 246.2 536.8 243.9 540.0 251.2 542.9 252.5 538.8 249.6 540.3 248.3 543.2 252.0 r546.3 r258.3 552.1 257.4 550.4 265.8 553.3 266.0 554.0 263.8 Nonfood materials except fu e l......................................... M a n u fa c t u r in g in d u s tr ie s 4 0 0 .2 281.1 SPECIAL GROUPINGS 'Data for January 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = revised. 77 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Producer Prices 24. P roducer P rice indexes, by com m o dity groupings [1967 = 100 unless otherwise specified] Code 1983 1984 Commodity group and subgroup Annual average 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan.1 Feb. Mar. Apr. May All commodities ............................................................................ All commodities (1957-59 = 100) 303.1 r321.5 301.5 319.9 302.4 320.8 303.2 321.7 304.7 323.3 305.3 323 9 306.0 324.7 305 5 324 1 306.1 324 8 '308 0 '326 8 308.8 327.6 311.1 330.1 311.4 330.4 311.7 330.7 Farm products and processed foods and feeds .......................... Industrial commodities................................................................... 253.9 '315.7 254 7 313.6 252.5 315.3 251.5 316.5 255.5 317.3 259.1 317.1 257.5 318.5 256.0 318.3 257.9 318 4 264.4 '319 1 263.5 320.4 268.3 321.9 267.9 322.5 266.3 323.3 FARM PRODUCTS AND PROCESSED FOODS AND FEEDS 01 01-1 01-2 01-3 01-4 01-5 01-6 01-7 01-8 01-9 Farm products.................................................................................. Fresh and dried fruits and vegetables......................................... G rains........................................................................................... Live sto ck..................................................................................... Live p o u ltry.................................................................................. Plant and animal fibers ............................................................. Fluid m ilk ..................................................................................... Eggs.............................................................................................. Hay, hayseeds, and oilseeds ..................................................... Other farm p ro d u cts................................................................... 248 2 r262 1 240.4 243.1 206.5 227.0 282.0 (2) '246.8 282.1 250.4 260.1 242.2 258.0 186.9 223.8 279 8 185.1 227.3 281.0 247 4 264.4 241.5 251.7 199.3 229.7 278.6 169.3 213.3 284.4 244.3 258 2 236.7 240.7 214.5 230.4 278.7 177.2 227.3 282.5 253.5 270.4 251.8 242 2 221.4 240 7 281.7 189.5 262.8 285.7 256.4 276.0 258 0 231.5 242.2 238.7 284.4 200.1 297.8 287.3 255.2 308.1 253.7 229.4 208.5 234.5 284 1 (2) 288 8 283.7 251 0 275.2 257.5 220.5 238.5 243.6 283.2 <2) 287.6 283.5 254.0 276 1 243 6 238.2 241 2 244.1 281 4 (2) 282 2 276 9 '263.4 '291.2 245.5 250.7 252.6 229 3 279 1 282.4 287.3 280.2 261.5 311.5 235 3 251.9 251.3 232.7 275 7 280.7 265.4 278.9 267.4 307.0 250.9 260.8 258.4 250.3 274.2 235 8 281.4 278.6 265.4 262.8 262.1 260.8 240 8 252.3 272.7 264 4 282.1 281.0 260 8 251.1 256.2 254.8 240.6 259.1 271.7 201.0 297.0 288.0 02 02-1 02-2 02-3 02-4 02-5 02-6 02-7 02-8 02-9 Processed foods and feeds.............................................................. Cereal and bakery p ro d u cts........................................................ Meats, poultry, and f i s h .............................................................. Dairy products ............................................................................ Processed fruits and vegetables.................................................. Sugar and confectionery.............................................................. B e v e r a g e s and b e v e r a g e m a te r ia ls .................................................................. Fats and oils ............................................................................... Miscellaneous processed fo o d s .................................................. Prepared animal fe e d s ................................................................ '255.9 r261.0 '249.0 250.6 r277 4 292.8 263.6 r238.8 r254.8 '228.8 256.1 259.1 257.8 250 9 275.3 289.9 263.6 220.0 249 9 221.3 254.3 260.3 250.2 250.4 277.1 296.0 263.0 219.3 251.5 217.1 254 4 261 4 247.3 250.4 277.1 296.4 263 7 222.2 255.0 220.0 255.5 262.8 243.2 250.4 278.3 298 9 263.9 245.6 252.7 233 0 259.6 263.6 242 9 250.6 278.6 300.2 264.3 303.5 258.4 249 3 257.8 264.6 237.0 251.3 281.1 298.0 265.2 281.7 262 1 248.6 257.6 265.2 234.7 251.4 280.9 297.7 266.3 274.5 264 8 252 1 259.0 265 1 242.3 248 9 282.9 297 5 266.5 271.7 266.2 245 6 '263 8 '266.6 '255.8 '248.4 '287.7 '299 9 '268.7 '278.3 '266.8 '245.2 263.5 267.0 255.6 248 6 291.8 300.6 270.0 269.1 275 3 231.1 267.8 267.9 267.7 249.0 293 2 299 3 270.2 282.5 274.7 235.3 268.2 268.2 265.3 249.2 295.6 301.8 271 6 290.9 276.0 236.3 268.3 268.6 260.6 248 9 297.4 303.6 273.6 325.8 275.5 232.6 03 03-1 03-2 03-3 03-4 03-81 03-82 Textile products and a pparel........................................................... Synthetic fibers (12/75 = 1 0 0 ) .................................................. Processed yarns and threads (12/75 = 100) .......................... Gray fabrics (12/75 = 1 0 0 )....................................................... Finished fabrics (12/75 = 1 0 0 ).................................................. Apparel ........................................................................................ Textile housefurnishings.............................................................. '205.1 r156.7 '138.5 '147.0 123.1 r197.4 r235.1 204.3 155.6 137.4 146.2 122.8 196.5 237 6 204.7 155.9 137 6 145.8 122.5 197.9 235.2 205.3 158.3 138.5 146.1 122 4 198.4 234.8 206.0 157.5 140.2 146.7 123.6 198 7 234.5 206.2 158.0 140.3 147.3 123.4 198.7 235.3 207 0 160.5 141.3 149.4 123.8 198.8 234.5 207.7 159.3 141,7 151.4 124,4 199.4 234.4 207 8 158.1 142.9 152 0 124.8 199.0 235 3 '208.2 159 2 142.3 '151.1 '124.8 '200.1 '236.0 209.3 161.5 144,0 152.8 126 3 199.8 236.2 209.9 161.2 143.8 152.9 127.1 200.7 237.1 209 6 166.6 143.7 153.0 126.6 200.3 238.0 210.5 160.8 144.3 153.6 127.4 201.2 239.4 04 04-2 04-3 04-4 Hides, skins, leather, and related p ro d u cts................................... Leather ........................................................................................ Footwear ..................................................................................... Other leather and related products ............................................ '271.1 '330.7 250.1 r252.7 269.4 326.6 248.7 251.7 271.2 335.9 249.9 251.7 272.3 337 9 249.9 253.5 274.7 343.4 250 9 253.7 274 4 339.4 251.6 253,5 273.7 336.6 251.3 253.5 277 0 340.5 257.3 255.8 277 344 250 255 '279 1 '346.2 '250.9 '257.2 283 2 361.3 251.6 259 1 287.0 372.6 253.3 260 9 287.4 381.7 251.8 261.6 289 2 387 2 251.8 263.1 05 05-1 05-2 05-3 05-4 05-61 05-7 Fuels and related products and p ow er............................................ C o a l.............................................................................................. Coke.............................................................................................. Gas fuels3 .................................................................................. Electric power ............................................................................ Crude petroleum4 ...................................................................... Petroleum products, refined5 ..................................................... 06 06-1 06-21 06-22 06-3 06-4 06-5 06-6 06-7 Chemicals and allied p ro d u cts........................................................ Industrial chemicals6 .................................................................... Prepared paint Paint m a te ria ls............................................................................ Drugs and pharmaceuticals ........................................................ Fats and oils, in e d ib le ................................................................. Agricultural chemicals and chemical p ro d u cts.......................... Plastic resins and m aterials........................................................ Other chemicals and allied products ......................................... '293.0 342.9 264.7 '305.8 '226.1 '285.6 '280.5 '291.5 '273 6 291.1 338.8 264.7 300.2 225.2 287.1 282 4 288.0 272.0 290 8 338.5 264 7 299.5 225.2 276.9 280.6 289 1 272.4 293.7 347.0 265 2 300.5 227.6 260.9 278.1 291.3 274.2 294.4 347.6 265.4 305.7 227.3 278.1 277.1 293.7 274.2 295.9 345.6 264.5 316.2 227.4 329.0 276.0 302.6 274.3 295.5 344.9 264 2 316 9 229 3 318.6 276.4 299 1 274.4 296.4 346.2 264 5 316.5 231.0 321.6 280.4 297.9 273.8 297 7 349 2 264 9 315.5 230.9 318.8 281.9 301 5 273.6 '298.1 '347.4 '265.6 '316.6 '232.9 '334.2 '278.5 '305.2 '274.9 296 7 338.0 266.9 313.9 234.4 348 9 287.1 305.0 273.7 300.8 346.0 267.6 317.3 237.5 362 4 289.6 306.6 275.7 301.8 345.1 267.3 327.6 239.9 382.1 288.3 308.6 277.1 302.5 344.8 268.0 337 2 240.2 398 8 286.6 311.1 277.2 07 07-1 07-11 07-12 07-13 07-2 Rubber plastic products ................................................................ Rubber and rubber products........................................................ Crude rubber ............................................................................... Tires and tu b e s............................................................................ Miscellaneous rubber products .................................................. Plastic products (6/78 = 100) .................................................. '243.2 '266.0 '280.8 '245 3 '284 8 135.3 243.2 267.0 280.6 246.3 286.0 134.8 243.1 265.6 280.2 243.7 285.9 135.5 243.4 265.2 283.2 242.4 285.7 136 0 243 7 265.1 284 6 242.8 284.5 136.4 243.2 263.9 284.4 242.5 281.6 136.6 244.4 264 8 284.3 242.6 283.8 137.4 243.6 264 3 282 7 242.4 283.5 136 7 243 8 264.6 282 2 242.3 284.6 136 8 '244 8 '266.6 282.9 '244.1 '287.1 '136.9 245 4 266.6 282.8 243.0 288.7 137.6 246.1 265.9 282.0 242.3 287.9 138.8 246.5 266.7 282.5 243 2 288.8 138 8 247.4 267.2 277.5 244.5 290.0 139 6 08 08-1 08-2 08-3 08-4 Lumber and wood products ........................................................... L u m b e r........................................................................................ M illw ork........................................................................................ Plywood........................................................................................ Other wood products................................................................... '307.1 '352 6 '302.3 244.1 230.6 308.0 358.6 299 0 241.1 231.1 314 8 372 8 294.9 255.5 229.6 314.6 373.1 296 3 252.5 229.7 313.9 366.6 306.6 246.2 229.3 305.6 346.6 305 9 242.2 229.4 305.6 344.7 307.4 246.6 229.6 304.9 342.8 307.9 244 6 229.8 308 7 351.3 308.5 247.2 230.6 '309.1 '352.6 '308.6 '248.2 '230.0 315.6 365.4 308.5 249.5 230.7 316.0 369 2 309.7 248.7 232.0 315.4 369 6 307.7 244.0 233.3 308 8 355.8 305.4 235 4 234.3 INDUSTRIAL COMMODITIES See footnotes at end of table. 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 1 3 6 671.7 668.7 672 3 669.5 663 7 658.0 '652 1 656.7 662.7 r664 7 665 5 659.6 656.5 651.9 537.9 538 2 543.4 534 1 536.6 542 3 543.9 '541.4 543.0 546.9 r537 4 535.2 534.8 546.0 415.4 438 4 453.9 453.1 453.8 418.3 434.4 428.7 438.4 431 6 453.9 418.3 429.5 '444.6 r1.146.9 1,156.7 1.155.1 1,148.9 1,145.9 1,147.0 1,128.4 1,122.0 1,120.4 '1,123.0 1,123.8 1,096.4 1,115.2 1,116.8 426.4 418.7 419.4 427 2 427.9 423.6 417 3 '420.5 424.4 427,1 433.5 '417.9 412.2 431.9 675.7 675.7 675.7 675.8 674.4 '675.6 '681.4 677.9 675.1 676.0 676 0 674.3 674.3 678.0 688 7 694 9 695.3 688 2 678.9 684.2 695.3 678 3 '663.2 670.1 680.7 667.3 '684.3 659.3 24. C o n tin u ed — P roducer Price Indexes, by com m o dity group ings [1967 = 100 unless otherwise specified] Code Commodity group and subgroup Annual average 1983 1984 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan.1 Feb. Mar. Apr. May INDUSTRIAL COMMODITIES— Continued 09 09-1 09-11 09-12 09-13 09-14 09-15 09-2 Pulp, paper, and allied products..................................................... Pulp, paper,and products,excluding building paper and board W oodpulp..................................................................................... Wastepaper.................................................................................. Paper ........................................................................................... Paperboard .................................................................................. Converted paper and paperboard p roducts................................ Building paper and board ........................................................... r298.1 r271.4 r346.9 <2> r282.0 r250.9 '265.3 250 0 296 0 268.7 343.2 (2) 279.0 248.7 264.1 249.3 297.0 269.2 344.9 (2) 279.5 249.4 264.5 255.7 297.8 270.2 345.8 183.3 279.2 249.7 264.1 256.2 298.8 271.1 346.4 (2) 280.9 250.1 264.7 252.1 299.9 273.1 34.4 194.4 286.0 254.0 265.0 252.8 302.2 275.2 347.4 216.2 287.2 257.3 266.5 254.7 303.6 277.4 356.7 215.0 288.5 259.4 267.9 254.7 304.0 '309.1 277.4 '280.8 355.5 '366.2 211.5 '211.5 289.3 ''294.2 260.9 262.2 268.0 '270.6 250.4 '251.9 310.5 283.3 371.5 229.3 296.6 269.3 271.6 253.9 312.7 286.4 376.0 242.9 299.2 273.6 274.1 258.9 315.3 290.1 392.5 258.8 300.6 275.4 277.7 264.1 317.0 292.7 405.1 259.3 301.3 276.9 280.6 265.2 10 10-1 10-17 10-2 10-3 10-4 10-5 10-6 10-7 10-8 Metals and metal p roducts.............................................................. Iron and stee l............................................................................... Steel mill pro d u cts...................................................................... Nonferrous m e ta ls ...................................................................... Metal containers ....................... .................................................. Hardware..................................................................................... Plumbing fixtures and brass fittings ......................................... Heating equipm ent...................................................................... Fabricated structural metal products ......................................... Miscellaneous metal products..................................................... '307.2 '343.4 '352.8 '276.1 '335.4 '290.7 '289 3 '243.6 '303.5 '283.6 306.1 340.9 349 8 277.7 337.1 288.5 289.1 242.7 302.1 280.8 306.3 341.3 350.1 275.7 337.4 291.5 290.8 243.0 302.0 283.4 307.3 342.1 350.8 278.4 336.5 292.1 290.4 244.9 302.2 283.7 308.2 343.2 351.7 279.8 336.6 292.2 290.2 245.1 303.0 284.0 310.7 348.1 358.1 282.0 338.5 292 5 292.4 246.6 304.3 284.3 310.9 348.5 358.7 279.3 338.3 292.7 292.7 245.3 304.2 289.0 310.9 349.5 359.5 276.6 338.2 293.1 294.1 245.5 305.3 289.5 311.9 350.9 360.0 278.2 340.3 293.5 294.0 245.7 306.0 289.6 '312.9 '353.8 '362.5 '276.8 '344.1 '293.3 293.9 247.3 306.5 '290.3 314.6 356.3 363.5 279.5 344.9 292.9 296.9 248.4 306.9 290.7 316.6 356.1 363.6 286.1 345.6 293.2 299.9 248.8 308.5 291.7 317.8 356.5 364.3 289.0 345.5 293.6 301.4 250.3 309.3 292.7 317.1 357.1 364.9 283.6 348.1 294.1 301.8 252.5 310.6 293.1 11 11-1 11-2 11-3 11 4 11-6 11-7 11-9 Machinery and equipment .............................................................. Agricultural machinery and equipment ...................................... Construction machinery and equipment...................................... Metalworking machinery and equipment ................................... General purpose machinery and equipment ....................... Special industry machinery and equipment................................ Electrical machinery and equipment............................................ Miscellaneous machinery ........................................................... 286.4 326.3 351.9 '326.5 '308.2 337.1 '240.1 '274.1 286.0 326.4 352.3 326.7 308.4 335.8 238.5 275.3 286 2 326.4 352.5 327.0 308.4 336.7 238.8 275.0 287.4 327.1 352.8 326.6 308.5 338.0 241.7 275.2 287.4 327.3 352.9 326.5 307.9 339.0 241.7 275.3 287.9 328.5 353.5 326.6 308.1 339.8 242.9 274.5 287.6 328.0 353.6 327.0 307.8 340.6 242.6 273 3 288.0 328.6 353.9 327.3 308.6 341.0 242.8 273.7 288.8 330.1 353 6 328.7 309.8 342.0 243.8 273.9 '289.7 '331.0 '354.2 '329.2 '310.7 '342.0 '244.7 '275.5 290.4 331.1 355.9 330.4 310.7 343.3 245.5 275.5 291.2 332.7 355.8 330.2 311.7 345.0 246.5 276.0 292.4 335.5 357.6 332.4 313.1 347.1 247.3 276.2 292.8 337.1 357.8 332.9 313.3 348.2 247.5 277.2 12 12-1 12-2 12-3 12-4 12-5 12-6 Furniture and household d u ra b le s.................................................. Household furniture ................................................................... Commercial furniture................................................................... Floor coverings............................................................................ Household appliances ................................................................. Home electronic equipment ........................................................ Other household durable g o o d s .................................................. '214.0 234.7 '286.3 '185.4 '206.9 '86.1 '313.1 213.6 234.4 285.9 182.1 207.5 86.4 312.7 214.0 235.0 286.9 181.4 207.5 86.5 314.3 214.8 235.4 287.5 186.6 207.8 85.9 314.8 214.9 236.3 286.5 188.9 207.7 85.5 313.9 215.4 236.6 287.3 189.5 208.0 85.8 314.5 215.3 236.9 287.4 189.5 207.6 85.8 314.0 215.7 237.4 289.9 189.3 208.0 85.1 315.1 215.7 237.2 289.5 189.4 208.5 84.5 315.2 '216.8 '237.9 '293.4 '188.2 '209.8 '84.4 '318.0 216.9 239 2 293.9 187.7 210.6 84.4 315.2 217.4 240.0 296 4 187.5 210.8 84.3 315.0 217.9 240.7 297.5 187.4 210.7 84.1 317.9 218.9 241.5 297.6 191.1 210 9 84.1 321.0 13 13-11 13-2 13-3 13-4 13-5 13-6 13-7 13-8 13-9 Nonmetallic mineral products ........................................................ Flat g la s s ..................................................................................... Concrete ingredients.................................................................... Concrete products ...................................................................... Structural clay products, excluding refractories ....................... Refractories.................................................................................. Asphalt ro o fin g ............................................................................ Gypsum products ...................................................................... Glass containers ......................................................................... Other nonmetallic minerals ........................................................ '325.2 '229.7 '313.3 '302.0 '277.8 '341.3 '384.0 '286.0 '352.4 '480.2 324.1 229.7 313.7 301.1 277.6 338.2 380.0 275.7 351.8 478.5 324.5 229.7 314.2 301.6 281.5 336.8 379.6 273.8 351.8 479.5 325 1 229.8 314.0 302.3 282.4 338.2 385.3 276.0 351.6 479.7 326.3 229.7 316.4 302.7 282.4 339.4 383.4 289.3 351.3 481.9 327.2 229.5 317.2 303 5 282.4 340.2 387.2 297.8 351.1 482.5 328.0 229.6 316.7 303.3 283.5 344.7 387.9 312.8 350.2 483.2 328.9 230.1 314.8 304.1 284.1 353.3 387.8 315.1 350.4 487.4 328.9 229.9 314.6 304.2 284.2 353.3 384.2 322.6 350.4 486.8 '330.1 229.5 '315.6 '304.9 '284.3 '353.9 '385.0 328.6 '350.6 '486.4 332.3 230.0 321.3 306.4 283.0 357.0 390.4 339.4 350.9 486.8 333.6 229.7 325.8 306.3 283.6 362.1 383.7 339.5 351.7 490.3 335.6 229.5 323.8 308.8 284.3 362 9 394.2 353.1 358 4 490.8 337.3 226.4 326.9 309 6 285.0 362.9 396.8 360.9 361.2 495.0 14 14-1 14-4 Transportation equipment (12/68 1 0 0 )...................................... Motor vehicles and equipment..................................................... Railroad equipment...................................................................... 256.7 256.8 '350.2 255.8 256.2 350.4 256.1 256.7 350.1 256.2 256.6 351.3 256 8 256.8 351.0 250.4 249.1 350.7 260.6 260.6 348 6 260.5 260.5 348.6 260.7 260 6 350.5 '261.5 '261.1 '351.5 262.3 261.2 359.2 262.4 261.3 359.7 262.9 261.8 361.2 262.7 261.5 361.2 15 15-1 15-2 15-3 15-4 15-5 15-9 Miscellaneous products.................................................................... Toys, sporting goods, small arms, am m unition....................... Tobacco products ...................................................................... N o tio n s........................................................................................ Photographic equipment and supplies ...................................... Mobile homes (12/74 - 1 0 0 )..................................................... Other miscellaneous products..................................................... '289.6 225.2 '365.4 280.1 '215.7 '163.4 '351.8 287.1 226.0 353.8 280.3 216.6 162.4 349 2 288.0 225.9 352.1 280.3 216.5 163.1 353.4 291.5 224.3 373.4 280.3 216.5 163.5 353.7 292.0 224.5 376.7 279.7 216.6 163.7 352.9 291.4 224.8 376.9 279.7 216.6 164.3 349.6 291.7 225 9 376.8 279.7 216.8 164.8 349.2 291.7 225.2 377.0 279.6 216.8 165.0 349.3 292.8 225.3 377.1 280.1 216.8 165.1 353.2 '294.5 '227.4 389.4 281.4 (2) '162.2 '350.8 295.0 228.4 390.3 282.2 218 2 162.8 350.2 295.0 228.2 390 3 282 2 213.3 162.7 354.0 294.5 226 6 390.4 283.0 213.9 164.0 351.5 294.3 226.7 390.6 283.9 213.5 163.9 350.0 1Data for January 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 2Not available. 3Prices for natural gas are lagged 1 month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 Includes only domestic production, 5 Most prices for refined petroleum products are lagged 1 month. 6Some prices for industrial chemicals are lagged 1 month. r = revised. 79 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Producer Prices 25. P roducer P rice Indexes, fo r special com m o dity groupings [1967 = 100 unless otherwise specified] Annual average 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan.1 Feb. Mar. Apr. May All commodities— less farm products All foods Processed foods r306 6 257.5 '258.7, 304.8 258.2 259.6 306.0 256.6 257.9 307.1 256.2 257.7 308.0 257.1 257.6 308.3 260.7 260.9 309.2 260.5 258.6 309.1 258.0 258.0 309.4 260.2 260.4 '310.7 268 3 266.2 311.8 270 3 267.1 313.7 273.5 271.9 314.2 271.6 272.1 314.9 269.8 272.4 Industrial commodities less fu e ls ............................................... Selected textile mill products (Dec. 1975 = 1 0 0 ) .................... Hosiery ........................................................................................ Underwear and nightwear ........................................................... Chemicals and allied products, including synthetic rubber and fibers and ya rn s................................................................ '279.3 r138.2 144.7 r223 8 278.2 137.7 144.5 223.5 278.7 137.4 144.5 222.7 279.8 143.0 144.5 223.3 280.4 139.0 145.6 223.5 280.0 139.1 145.6 224.5 281.8 139.4 145.6 224.7 282 2 139.8 145.6 224.6 282.9 140.1 145.6 225.4 '284.3 '140.0 145.8 '228.6 285.2 141,1 147.2 229.8 286.6 141.5 147.4 229.5 287.5 141.3 147.4 229.8 287.8 142.7 147.4 229.9 283.5 281.6 281.5 284 6 285.0 285.6 285.6 286 3 287.4 '287.6 286 4 289.9 290.6 290.9 Pharmaceutical preparations....................................................... Lumber and wood products, excluding m illw ork....................... Steel mill products, including fabricated wire products ............ Finished steel mill products, excluding fabricated wire products .................................................................................. Finished steel mill products, including fabricated wire products .................................................................................. 224.8 r321.2 r351.2 223.5 324.3 348.5 223.6 338.8 348.7 226.3 338.1 349.3 226.0 331.5 350.1 227.1 316.5 355.9 229.4 316.7 356.4 231.3 314.7 357.4 231.8 321.4 357.8 '233 9 '322.6 '360 1 235.8 331.7 361.0 238.7 334.0 361.2 241.6 332.8 361 8 242.1 320.6 362.5 r351.5 348.5 348.8 349.4 350.3 357.1 357 8 358.6 359.2 '361.7 363.1 363.2 363.5 364.2 '349.9 347.1 347.4 347.9 348.7 354.8 355.4 356.4 356.9 '359.2 360.4 360.6 360.9 361.6 Special metals and metal products ............................................ Fabricated metal p ro d u cts........................................................... Copper and copper products........................................................ Machinery and motive p roducts.................................................. Machinery and equipment, except electrical ............................. '292.6 '294.3 196.6 279.8 313.6 291.7 292.6 206.7 279.2 313.8 292.0 294.0 201.3 279.4 313.9 292.6 294.2 201.6 280.1 314.2 293 5 294.7 201.2 280.4 314.2 291.5 295 5 198.2 277.7 314.3 296.4 297.2 190.7 282 2 314.1 296.3 297.9 182 6 282.4 314.6 297.0 298.4 185.0 283.0 315.3 '297.8 '299.3 182.1 283.9 '316.3 298.8 299.7 185.2 284.6 316.8 300.1 300 9 194.0 285.1 317.5 301.0 301.7 199.8 286.0 318.9 300.6 302.7 190.4 286.2 319.6 Agricultural machinery, including tractors 341.7 358.0 370.5 330.1 341.8 357 8 370.6 330.2 342.7 357 8 370.7 331.0 342.8 357 5 370.0 331.2 344.0 357 1 372.5 332.6 343.6 357 6 372.6 331.8 344.0 358 2 373.1 332.2 346.4 359 3 373.8 334.2 '347.1 r359 ? 374.0 '335.2 347.1 349.2 352.9 355.0 Total tractors ............................................................................... Agricultural machinery and equipment less parts....................... 341.5 357.1 '369 7 330.0 374.5 335 2 376.1 337 2 384.3 340.4 384.5 342.2 Farm and garden tractors less parts ......................................... Agricultural machinery, excluding tractors less parts .............. Construction m aterials................................................................ '347.2 '337.1 297.7 348.8 336 2 296.8 348.8 336.4 298.6 348.8 338.0 310.6 347.5 339.2 • 299 8 350.6 338 9 299.9 350 7 338.2 300.4 350.9 338.7 300.4 352.0 342.2 301.3 352.2 '343,3 302.3 352 9 342.7 304.8 355 2 344.6 306.4 362.1 345.7 306.8 362.4 349.3 306.0 Commodity grouping ................................ 1983 1Data for January 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 26. 1984 r = revised. P roducer P rice Indexes, by durability of product [1967 = 100] Annual average 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan.1 Feb. Mar. Apr. May Total durable goods .................................................................... Total nondurable goods .............................................................. 286.7 '315.7 286 0 313.5 286.7 314.5 287 4 315.4 287.8 317.8 286.8 319.7 289.2 319.1 289.3 318.1 290 1 318.4 '291.0 '321 2 292.2 321.7 293.2 325.0 294.0 324.9 293.7 325.6 Total manufactures...................................................................... Durable ............................................................................... Nondurable ......................................................................... 295 7 287.3 304 4 293.7 286.7 301.0 295.0 287.3 303.1 296 1 288.0 304.5 296 9 288.3 305.9 297.2 287.2 307.8 298.5 289.6 307.7 298.4 289 8 307.4 298.8 290.5 307.5 300.0 '291 3 '309.1 301.0 292.4 310.0 302.7 293.3 312.5 303.0 294.1 312.3 303.7 293 9 314.0 Total raw or slightly processed goods ...................................... Durable ............................................................................... Nondurable ......................................................................... '339.8 '249 3 '345.4 340.9 246.1 346.8 339.0 249.4 344.6 338.3 249.9 343.7 343.8 256 8 349.1 345.9 260.7 351.0 343.6 259.8 348.6 340.6 258.5 345.6 341.8 263.3 346.5 '348.4 '267.4 '353.3 348 2 275.4 352.4 353.7 279.2 358.0 354.1 280.2 358.4 351.7 277.2 356.1 Commodity grouping 1983 'Data for January 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 80 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1984 r = revised. 27. P roducer P rice In dexes fo r th e output of selected SIC industries [1967 = 100 unless otherwise specified] 1972 SIC code Industry description 1984 1983 Annual average 1983 May June July Aug. Sept. Oct. Nov. Dec. Jan.1 Feb. Mar. Apr. May 177.1 269.7 r921.4 164.3 177.1 268.7 921.8 164.3 177.1 254.1 924.2 164.3 177.1 237.5 916.6 164.3 177.1 231.2 915.8 1364.3 177.1 243.3 920.0 164.3 177.1 283.3 907.2 171.7 177.1 287.5 909.4 172.9 177.1 277.0 909.4 172.9 177.1 275.8 r914.3 172.9 177.1 245.4 913.8 172.9 177.1 250.0 903.5 174.1 177.1 267.9 910.1 174.1 177.1 273.7 914.9 174.1 MINING 1011 1092 1311 1455 Iron ores (12/75 = 1 0 0 )............................................ Mercury ores (12/75 = 100) ................................... Crude petroleum and natural gas ............................. Kaolin and ball clay (6/76 = 1 0 0 )............................. MANUFACTURING 2021 2044 2067 2074 2083 Creamery b u tte r........................................................... Rice m illin g ................................................................. Chewing g u m .............................................................. Cottonseed oil m ills ..................................................... Malt ............................................................................. 275.8 193.4 326.8 r204.1 234.1 275.6 191.3 326.1 186.2 232.6 275.6 194.5 327.2 179.2 232.6 275.6 193.7 327.2 192.4 232.6 276.1 198.1 327.3 220.6 232.6 278.4 201.1 327.3 262.9 232.6 278.1 196.7 327.3 253.5 232.6 278.1 199.6 327.5 233.1 241.6 269.5 199.6 327.5 223.3 241.6 267.3 199.6 r328.0 229.2 241.6 267.6 198.1 328.1 201.2 241.6 268.4 198.1 328.3 212.2 241.6 268.4 198.1 328.8 222.4 241.6 269.2 198.1 329.0 244.1 241.6 2091 2098 2251 2261 2262 Canned and cured seafoods (12/73 = 100) ............ Macaroni and spaghetti............................................... Women's hosiery, except socks (12/75 = 100) . . . Finishing plants, cotton (6/76 = 100) ..................... Finishing plants, synthetics, silk (6/76 = 100) . . . . r174.1 256.8 r122.4 r135.7 r126 7 175.7 255.5 122.7 138.0 126.9 173.4 255.5 122.7 132.9 125.9 173.7 255.5 122.7 132.8 125.1 169.4 255.5 122.9 133.8 127.2 169.8 255.5 122.9 133.5 125.8 170.2 258.6 122.9 132.8 127.2 169.2 261.9 122.9 138.4 127.4 169.7 261.9 122.9 139.4 127.9 169.0 261.9 r123.0 138.5 M28.7 168.8 261.9 123.2 141.2 129.7 168.5 261.9 123.2 145.2 129.9 166.7 261.9 123.2 140.0 129.4 169.4 261.9 123.3 140.8 129.3 2284 2298 2361 2381 2394 Thread mills (6/76 = 1 0 0 )......................................... Cordage and twine (12/77 = 100) .......................... Children's dresses and blouses (12/77 = 100) . . . . Fabric dress and work gloves ................................... Canvas and related products (12/77 = 1 0 0 ) ............ 164.9 139.3 116.6 293.3 r147.0 165.7 137.6 115.5 291.7 146.2 165.7 137.6 117.0 291.7 146.2 165.7 137.6 117.0 296.3 146.2 165.7 137.6 117.0 296.3 146.2 166.1 139.0 117.0 296.3 146.2 166.1 139.0 117.0 296.3 147.8 166.1 138.9 117.0 296.3 147.8 166.1 139.0 117.0 297.6 147.8 166.1 r139.0 118.2 295.2 r150.6 166.2 139.3 117.8 299.1 151.2 166.2 139.3 117.8 302.3 151.2 168.1 139.3 118.5 304.8 151.3 172.7 139.4 118.5 315.6 151.3 2448 2521 2654 2655 2911 Wood pallets and skids (12/75 = 1 0 0 ) .................... Wood office fu rn itu re .................................................. Fiber cans, drums, and similar products (12/75 = 100) Petroleum refining (6/76 = 100) ............................. 149.2 r281.3 r266.1 186.5 r253.8 148.5 282.5 265.2 185.6 246.0 149.5 282.5 265.2 185.9 254.0 150.9 283.5 267.1 187.7 255.4 151.3 283.6 267.1 187.7 257.2 151.0 283.6 267.8 187.7 256.8 151.5 283.6 269.0 187.8 257.1 151.9 283.6 269.0 189.5 253.5 153.6 283.6 269.0 189.6 249.7 154.0 r285.1 r269.1 189.6 r244.4 155.9 290.3 274.9 189.7 246.9 157.8 290.3 280.0 191.4 250.1 161.6 290.3 282.2 193.1 245.5 165.0 290.3 282.3 193.1 248.7 2952 3251 3253 3255 3259 Asphalt felts and coating (12/75 = 100) .................. Brick and structural clay t i l e ...................................... Ceramic wall and floor tile (12/75 = 100) ............... Clay refractories........................................................... Structural clay products, n.e.c..................................... r166.9 r332.3 r146.0 r355.6 r230.2 165.1 333.8 142.4 352.2 234.7 164.9 334.6 149.6 349.4 234.7 167.4 336 4 149.6 352.1 234.8 166.4 336.4 149.6 354.4 234.9 168.0 336.4 149.6 355.9 234.9 168.4 338.4 149.6 364.3 235.1 168.6 339.7 149.6 366.6 235.0 167.0 339.9 149.6 366.5 235.0 r167.4 r340.2 r149.6 r367.2 r235 0 169.9 341.0 146.8 369.7 232.6 166.9 342.2 146.8 371.4 232.9 171.3 343.7 146.8 373.5 232.8 172.4 344.9 146.8 373.5 232.8 3261 3263 3269 3274 3297 Vitreous plumbing fix tu re s ......................................... Fine earthenware food utensils................................... Pottery products, n.e.c. (12/75 = 100) .................. Lime (12/75 - 100) .................................................. Nonclay refractories (12/74 = 1 0 0 ).......................... 278.1 r366.5 r187.1 r185.7 r205.2 276.1 365.9 186.6 185.2 203.6 276.9 366.5 186.6 186.2 203.6 277.0 366.5 186.6 187.1 203.7 277.0 366.5 186.6 187.6 203.8 281.3 366.5 186.6 186.3 203.8 283.7 366.5 186.6 185.9 203.9 284.5 368.5 189.9 182.4 212.8 285.4 368.5 189.9 182.5 212.8 285.6 r383.6 r191.9 r182.8 213.1 287.0 381.4 189.3 184.6 215.4 290.1 373.3 189.1 184.2 220.6 290.4 375.4 189.1 184.2 220.2 290.8 378.8 192.3 184.2 220.2 196.6 243.7 196.6 243.7 3482 3623 Small arms ammunition (12/75 = 1 0 0 ).................... Welding apparatus, electric (12/72 = 1 0 0 )............... M80.5 r243.6 181.6 243.1 181.6 242.3 181.6 243.5 181.6 243.5 181.6 243.6 181.6 243.9 181.6 243.9 181.6 244.7 r190.3 r246.0 196.6 241.7 3648 L ig h tin 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 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 3942 Electron tubes, receiving type ................................... Dolls (12/75 - 1 0 0 ) .................................................. 435.4 r137.5 432.1 137.7 432.2 137.7 432.5 137.7 432.5 137.7 432.8 137.7 432.9 137.7 432.9 137.7 469.8 137.7 r490.6 r137.6 490.7 137.4 196.6 242.2 184 8 490.9 137.4 3944 3955 3995 3996 Games, toys, and children's v e h icle s........................ Carbon paper and inked ribbons (12/75 = 100) . . . r238.7 139.2 153.5 r161.5 242.2 139.2 152.1 159.6 242.2 139.2 152.1 159.6 236.1 139.2 155.4 162.2 236.2 139.2 155.4 163.4 236.3 139.2 155.4 163.5 236.4 139.3 156.0 165.5 236.2 139.3 156.0 163.5 236.2 139.3 156.0 163.5 r239.3 144.3 156.0 165.2 236.5 149.0 157.2 165.2 235.9 149.1 157.3 165.2 Hard surface floor coverings (12/75 = 1 0 0 ) ............ 1Data for January 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 8 4 .9 1 8 5 .6 490.8 131.3 490.8 133.1 235.5 149.1 158.8 166.3 234.6 149.1 158.8 166.4 r = revised. 81 PRODUCTIVITY DATA 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 d a t a Definitions Output is the constant dollar gross product produced by the particular sector. Output per hour of all persons (labor productivity) measures the value of goods and services in constant prices produced per hour of labor. Output per unit of capital services (capital productivity) measures the value of 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 of 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 l 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 of output and is derived by dividing compensation by output. Unit nonlabor payments include profits, depreciation, interest, and in direct taxes per unit of output. They are computed by subtracting com pensation of 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 of 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 82 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 of total output. The indexes for capital services and combined units of labor and capital are based on changing weights which are averages of 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 iv a te business and p r iv a t e non farm business sectors differ from the business and nonfarm business sector measures used in the traditional labor productivity indexes (tables 29-32) 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 of 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 of 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, 1948-81” (September 1983). 28. A nnual in dexes of m u ltifacto r p rodu ctivity and related m easures, selected years, 1 9 4 8 -8 2 [1977 = 100] Item 1948 1950 1960 1970 1973 1974 1975 1976 1978 1979 1980 1981 1982 45 3 99.0 60.0 36.8 49.7 98.6 63.6 39.5 64.8 98.5 75.4 53.3 86.1 98.5 90.2 78.3 94.7 103.0 97.5 91.8 92.4 96.5 93.8 89.9 94.5 92.0 93.6 88.0 97.6 96.1 97.1 93.7 100.6 101.8 101.0 105.5 99.3 100.3 99.7 107.9 98.8 95.5 97.7 106.4 101.2 95.8 99.3 109.8 101.1 90.9 97.5 106.6 81.3 37.2 61.3 45.7 79.5 40.1 62.1 50 4 82.2 54.1 70.7 65.8 90.9 79.4 86.8 87.4 96.9 89.1 94.1 92.0 97.2 93.1 95.8 95.8 93.1 95.7 94.0 102.8 95.9 97.5 96.5 101.6 104.9 103.6 104.4 98.8 ' 108.6 107.5 108.2 99.0 107.7 111.4 108.9 103.4 108.4 114.6 110.5 105.7 105.4 117.3 109.4 111.3 51.2 97.9 64.6 35.6 55.6 98.2 68.1 38.3 67.9 98.4 77.6 52.3 86.8 98 6 90.6 77.8 95.3 103.2 97.9 91.7 92.9 96.5 94.1 89.7 94.7 91.7 93.6 87.6 97.8 96.1 97.2 93.6 100.6 101.9 101.1 105.7 99.0 100.1 99.4 108 0 98.3 95.2 97.3 106.4 100.2 95.0 98.4 109.3 100.2 90.1 96.6 106.2 69.6 36.4 55.2 52.3 69.0 39 0 56.3 56.6 77.0 53.2 67.4 69.0 89.7 78.9 85.9 88.0 96.2 88.8 93.6 92.3 96.6 • 93.0 95.4 96.3 92.5 95.6 93.6 103.4 95.7 97.4 96.3 101.8 105.1 103.7 104.6 98.7 109.0 107.9 108.6 99.0 108.2 111.7 109.4 103.2 109 0 115.1 111.0 105.5 106.0 118 0 110.0 111.2 45.1 93.9 56.1 35.8 49.4 94.5 59.9 38.6 60.0 88.0 67.0 50.7 79.1 91.8 82.3 77.0 93.0 108.2 96.8 95.9 90.8 99.6 93.0 91.9 93.4 89.4 92.2 85.4 97.5 96.1 97.1 93 6 100.8 101.5 101.0 105.3 101.5 99.5 101.0 108.2 101.7 90.7 98.7 103.5 105.3 90.2 101.2 106.5 106.5 82.7 99.9 99.1 79.4 38.1 63.8 48.0 78.2 40.9 64.6 52.3 84.4 57.5 75.6 68.2 97.3 83.9 93 6 86.2 103.2 88.6 99.1 85.9 101.2 92.2 98.8 91.1 91.4 95.5 92.6 104.4 95.9 97.4 96.4 101.5 104.5 103.8 104.3 99.3 106.6 108.8 107.2 102.1 101.8 114.1 104.8 112.1 101.2 118.0 105.2 116.7 93.0 119.9 99.2 128.8 PRIVATE BUSINESS SECTOR Productivity: Output per hour of all p e rso n s.......................... Output per unit of capital se rvice s..................... Multifactor p ro d u ctivity...................................... O utput....................................................................... Inputs: Hours of all persons............................................ Capital services .................................................. Combined units of labor and capital input . . . . Capital per hour of all persons ............................. PRIVATE NONFARM BUSINESS SECTOR Productivity: Output per hour of all p e rso n s.......................... Output per unit of capital services .................... Multifactor productivity ...................................... O utput....................................................................... Inputs: Hours of all persons............................................ Capital services .................................................. Combined units of labor and capital input . . . . Capital per hour of all persons ............................. MANUFACTURING Productivity: Output per hour of all p e rso n s.......................... Output per unit of capital se rvice s..................... Multifactor productivity ...................................... O utput....................................................................... Inputs: Hours of all persons............................................ Capital services .................................................. Combined units of labor and capital input . . . . Capital per hour of all persons ............................. 29. A nnual in dexes of productivity, hourly com pensation, unit costs, and prices, selected years, 1 9 5 0 -8 3 [1977 = 100] Item Business sector: Output per hour of all p e rso n s.......................... Compensation per h o u r ...................................... Real compensation per hour ............................. Unit labor c o s ts .................................................. Unit nonlabor payments...................................... Implicit price d e fla to r......................................... Nonfarm business sector: Output per hour of all p e rso n s.......................... Compensation per h o u r ...................................... Real compensation per hour ............................. Unit labor c o s ts .................................................. Unit nonlabor payments...................................... Implicit price d e fla to r......................................... Nonfinancial corporations: Output per hour of all p e rso n s.......................... Compensation per h o u r ...................................... Real compensation per hour ............................. Unit labor c o s t s .................................................. Unit nonlabor payments...................................... Implicit price d e fla to r......................................... Manufacturing: Output per hour of all p e rso n s.......................... Compensation per h o u r ...................................... Real compensation per hour .............................. Unit nonlabor payments...................................... Implicit price d e fla to r......................................... 1Not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1950 1955 1960 1965 1970 1975 1976 1978 1979 1980 1981 1982 1983 50.4 20.0 50.5 39.8 43.4 41.0 58 3 26.4 59.6 45.2 47.6 46,0 65.2 33.9 69.5 52.1 50.6 51.6 78.3 41.7 80.1 53.3 57.6 54.7 86.2 58.2 90.8 67.5 63.2 66.0 94.5 85.5 96.3 90.5 90.4 90.4 97.6 92.9 98 9 95.1 94.0 94.7 100.6 108.6 100.9 108.0 106.7 107.5 99.4 118.7 99.1 119.5 112.8 117.2 98.9 131.2 96.5 132.7 119.0 128.1 101.3 143.9 95.9 142.1 136.2 140.1 101.2 155.1 97.4 153.3 136.9 147.7 103.9 163.0 99.2 156.9 146.1 153.2 56.3 21.8 55.0 38.8 42.7 40.1 62.7 28.3 64.0 45.1 47.8 46.0 68.3 35.7 73.0 52.3 50.4 51.6 80.5 42.8 82.2 53 2 58.0 54.8 86.8 58.7 91.5 67.6 63.8 66'3 94.7 86.0 96.8 90.8 88.5 90.0 97.8 93.0 99 0 95.1 93.5 94.6 100.6 108.6 100.9 108.0 105.3 107.1 99.1 118.4 98 9 119.5 110.4 116.5 98.4 130.7 96.1 132.8 118.5 128.1 100.3 143.5 95.6 143.0 135.0 140.4 100.2 154.7 97.1 154.4 137.0 148.6 103.4 163.4 99.4 157.9 146 6 154.2 (1) (1) <1> (1) (1) (1> (1> <1) (1) <1) 68.0 37.0 75.8 54.4 54 6 54.5 81.9 43.9 84.3 53.5 60.8 56.1 87.4 59.4 92.7 68.0 63.1 66.3 95.5 86.1 96.9 90.2 90 8 90.4 98.2 92.9 98.9 94.6 95.0 94.7 100.9 108.5 100.7 107.5 104.2 106.4 100.7 118.7 99.1 117.8 106.9 114.1 99.8 130.9 96.3 131.2 117.4 126.4 102.3 143.6 95.7 140.3 134.4 138 3 102.8 154.8 97.2 150.6 137.6 146.1 106.2 162.2 98.7 152.8 148.8 151.4 49.4 21.5 54.0 43.4 54 3 46.6 56.4 28.8 65.1 51.0 58.5 53.2 60.0 36.7 75.1 61.1 61.1 61.1 74.5 42.8 82.3 57.5 69 3 61.0 79.1 57.6 89.8 72.7 65 0 70.5 93.4 85.4 96.2 91.5 87.3 90.3 97.5 92.3 98.3 94.6 93.7 94.4 100.8 108.3 100.6 107.4 102.5 106.0 101.5 118.8 99.2 117.0 99.9 112.0 101.7 132.7 97.6 130.5 97.7 120.9 105.3 145.8 97.2 138.5 110.2 130.2 106.5 158.2 99.3 148.5 109.2 137.0 113.1 166.7 101.4 147.4 P126.4 P141.3 <1) <1) P - preliminary. 83 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Productivity 30. A nnual changes in productivity, hourly com pensation, unit costs, and prices, 1 9 7 2 -8 3 Annual rate of change Year Item 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 2.6 8.0 1.6 5.3 5.9 5.5 -2 .4 9.4 -1 .4 12.1 4.4 9.5 2.2 9.6 0.5 7.3 15.1 9.8 3.3 8.6 2.6 5.1 4.0 4.7 2.4 7.7 1.2 5.1 6.4 5.6 0.6 8.6 0.9 8.0 6.7 7.5 - 1 .2 9.4 -1 .7 10.7 5.8 9.0 - 0 .5 10.5 - 2 .6 11.1 5.5 9.2 2.4 9.7 - 0 .6 7.1 14.4 9.4 -0.1 7.7 1.5 7.9 0.5 5.4 2.7 5.1 1.9 2.4 6.7 3.7 2.2 6.6 2.1 4.2 3.7 4.1 1.1 8.6 0.3 7.4 6.8 7.2 2.4 7.6 1.3 5.0 1.3 3.8 - 2 .5 9.4 - 1 .4 12.2 5.9 10.2 2.0 9.6 0.4 7.5 16.7 10.3 3.2 8.1 2.2 4.8 5.7 5.1 2.2 7.5 1.0 5.2 6.9 5.7 0.6 8.6 0.9 8.0 5.3 7.1 - 1 .5 9.0 -2 .0 10.7 4.8 8.8 -0 .7 10.4 -2 .8 11.1 7.4 10.0 1.9 9.8 - 0 .6 7.7 13.9 9.6 -0 .1 7.8 1.6 7.9 1.4 5.8 3.2 5.6 2.3 2.3 7.0 3.8 1.9 6.3 1.8 4.3 3.8 4.2 1.0 8.6 0.3 7.4 6.9 7.3 2.4 7.5 1.2 4.9 1.5 3.8 -3 .7 9.4 -1 .5 13.6 7.1 11.4 2.9 9.6 0.4 6.5 20.1 10.9 2.9 7.9 2.0 4.9 4.6 4.8 1.8 7.6 1.1 5.7 5.3 5.6 0.9 8.5 0.7 7.5 4.2 6.4 - 0 .2 9.4 -1 .7 9.6 2.6 7.2 -0 .9 10.3 - 2 .8 11.3 9.8 10.8 2.5 9.7 - 0 .6 7.0 14.5 9.4 0.5 7.8 r1.6 7.3 2.4 5.7 3.3 4.8 1.5 1.4 8.1 3.6 (1) (1) (1) (1) (1) (1) 1.1 8.4 0.2 7.2 7.1 7.2 5.4 7.2 0.9 1.7 - 3 .3 0.3 -2 .4 10.6 -0 .3 13.3 -1 .8 9.0 2.9 11.9 2.5 8.8 25.9 13.1 4.4 8.0 2.1 3.4 7.4 4.6 2.5 8.3 1.8 5.7 6.7 6.0 0.8 8.3 0.6 7.4 2.5 6.0 0.7 9.7 -1 .4 9.0 -2 .6 5.7 0.2 11.7 -1 .6 11.5 -2 .2 7.9 3.5 9.9 -0 .4 6.1 12.8 7.7 1.2 8.5 2.2 7.2 - 0 .9 5.2 6.2 5.4 2.1 r -0 .7 P15.7 P3.1 2.5 6.4 1.9 3.8 r2.6 3.4 2.3 9.2 0.8 6.6 r5.1 r6.2 Business sector: Output per hour o< all persons ............... Compensation per hour .......................... Real compensation per hour ................. Unit labor costs ...................................... Unit nonlabor paym ents.......................... Implicit price deflator ............................. Nonfarm business sector: Output per hour of all persons ............... Compensation per h o u r .......................... Real compensation per hour ................. Unit labor costs ...................................... Unit nonlabor paym ents.......................... Implicit price deflator ............................. Nonfinancial corporations: Output per hour of all employees............ Compensation per h o u r .......................... Real compensation per hour ................. Unit labor costs ...................................... Unit nonlabor paym ents.......................... Implicit price deflator ............................. Manufacturing: Output per hour of all persons ............... Compensation per h o u r .......................... Real compensation per hour .................. Unit labor costs ...................................... Unit nonlabor paym ents.......................... Implicit price deflator ............................. 1Not available. 1950-83 1972-83 r = revised. p = preliminary. 31. Q uarterly indexes of productivity, hourly com pensation, unit costs, and prices, seasonally adjusted [1977 = 100] Item Business sector: Output per hour of all persons ....................... Compensation per hour ................................... Real compensation per h o u r............................. Unit labor co sts.................................................. Unit nonlabor payments ................................... Implicit price deflator......................................... Nonfarm business sector: Output per hour of all persons ....................... Compensation per hour ................................... Real compensation per h o u r............................. Unit labor co sts.................................................. Unit nonlabor payments ................................... Implicit price deflator......................................... Nonfinancial corporations: Output per hour of all em ployees.................... Compensation per hour ................................... Real compensation per h o u r............................. Total unit c o s ts .................................................. Unit labor c o s ts ......................................... Unit nonlabor c o s ts ................................... Unit profits ........................................................ Implicit price deflator......................................... Manufacturing: Output per hour of all persons ........................ Compensation per hour ................................... Real compensation per h o u r............................. Unit labor co sts.................................................. 1Not available. Quarterly indexes Annual average 1982 1981 101.1 156.5 97.2 154.7 136.3 148.5 101.9 158.6 98.1 155.6 137.4 149.4 102.4 160.6 99.3 156.9 140.9 151.5 103.9 162.0 99.1 156.0 145.7 152.5 104.2 163.5 99.0 156.9 147.6 153.8 105.3 166.2 99.5 157 9 149.9 155.2 '106.3 168.6 99 8 '158.6 '151.9 '156.3 99.9 153,5 97.0 153.6 137.7 148.3 100.5 156.1 97.0 155.4 136.5 149.1 100.7 158.3 97.9 157.1 137.2 150.5 101.6 160.8 99.4 158.3 140.7 152.4 103.4 162.6 99.4 157.2 145.8 153.4 104.0 164.1 99 3 157.8 148.3 154.7 104.7 165 9 99.3 158.4 151.3 156.1 '105.6 168.3 99.6 '159.4 '151.9 '156.9 102.4 151.7 97.1 150.9 148.1 158.9 90.8 144.0 102.3 153.7 97.1 153.1 150.2 161.2 90 3 145.9 103.3 156.1 96.9 153.8 151.1 161.3 91.2 146.6 103.4 158.1 97.8 156.3 152.9 165 9 83.0 147.9 104.2 160.3 99.1 156.7 153.9 164.7 96.1 149.7 105.8 161.4 98.7 155.3 152.5 163.1 115.0 150.7 106 9 162.6 98.5 154.5 152.1 161.2 131.5 151.8 107.8 164.5 98.5 154.4 152.6 159.6 143.6 153.2 P108.3 P166.3 P98.4 P154.8 P153.5 P158.4 P146.9 P153.9 '105.2 155.2 99.4 '147.5 105.4 157.2 99.3 149.1 107.8 159.6 99.1 148.1 '107.8 161.2 99.7 '149.5 '109.5 165.1 102.1 '150.8 '111.7 166.0 101.5 '148.5 '114.9 167.1 101.2 '145.4 '116.0 168.7 101.1 '145.5 '116.8 '171.3 101.4 '146.7 102.3 145,5 95.6 142.3 139.9 141.5 101.2 148.2 95.8 146.4 140.2 144.3 101.1 151.6 97.1 149.9 137.0 145.5 100.7 154.0 97.3 152.9 137.0 147.5 103.4 163.4 99.4 157.9 146.6 154.2 101.1 145.1 95.3 143.5 138.3 141.8 99 9 147.7 95.5 147.8 139.5 145.0 100.0 151.3 96.9 151.3 136.4 146.4 102 8 154.8 97 2 153.5 150.6 161.8 88.9 146.1 106.2 162.2 98.7 155.2 152.8 162.1 122.1 151.4 103.0 145.0 95 2 143.6 140.7 151.9 108.6 139.6 102.2 147.8 95.5 147.7 144.6 156.6 104.2 142.7 106.5 158.2 99 3 148.5 113.1 166.7 101.4 147.4 106.1 147.0 96 6 138.5 104.4 150.5 97.2 144.1 101.2 155.1 97.4 153.3 136.9 147.7 103 9 163.0 99.2 156.9 146.1 153.2 100.2 154.7 97.1 154.4 137.0 148.6 III r = revised. p = preliminary. 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1984 I I 1983 1983 IV II IV 1982 III II III IV I 32. P ercen t change from preceding quarter and year in productivity, hourly c om pensation, unit costs, and prices, se aso n ally adjusted at annual rate Percent change from same quarter a year ago Quarterly percent change at annual rate Item Business sector: Output per hour of all persons.................. Compensation per h o u r............................. Real compensation per h o u r ..................... Unit labor c o s ts ......................................... Unit nonlabor payments .......................... Implicit price d eflator................................ Nonfarm business sector: Output per hour of all persons.................. Compensation per h o u r.............................. Real compensation per h o u r ..................... Unit labor c o s ts ......................................... Unit nonlabor payments .......................... Implicit price d eflator................................ Nonfinancial corporations: Output per hour of all employees ........... Compensation per h o u r............................. Real compensation per h o u r .................... Total units costs ...................................... Unit nonlabor costs ............................. Implicit price deflator................................ Manufacturing: Output per hour of all persons.................. Compensation per h o u r............................. Real compensation per h o u r .................... Unit labor c o s ts ......................................... 1Not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11982 to 11983 I11982 to I11983 III 1982 to III 1983 IV 1982 to IV 1983 11983 to 11984 IV 1983 to 11984 IV 1981 to IV 1982 4.2 6.9 2.3 2.5 6.2 3.7 r4.1 r5.9 r0.9 r1.7 r5.7 r3.0 0.7 7.0 2.4 6.3 - 2 .0 3.5 1.3 6.0 2.3 4.7 2.8 4.1 3.1 5.2 1.9 2.1 6.4 3.4 3.0 4.5 1.8 1.4 8.3 3.6 3.3 4.8 1.4 1.5 9.1 3.8 r3.9 5.0 0.5 r1.1 7 .9 r3.2 2.3 3.8 - 0 .3 1.5 7.3 3.3 2.7 4.3 -0 .1 1.6 8.3 3.7 r3.5 r6.0 1.0 r2.4 r1.4 r2.1 0.8 7.1 2.5 6.3 -1 .6 3.7 1.7 6.3 2.6 4.6 3.1 4.1 3.5 5.9 .2.5 2.3 5.9 3.4 3.5 5.1 2.5 1.5 8.7 3.7 3.9 4.8 1.4 0.8 10.3 3.7 r3.9 4.6 r0.1 r0.7 7 .9 r2.9 6.6 2.9 - 1 .4 -3 .5 -3 .4 -3 .8 104.7 2.5 4.2 3.0 -1 .1 -2 .1 -1.1 -4 .7 71.0 3.1 3.4 4.6 0.2 0.2 1.2 4.0 42.4 3.5 P2.0 P4.5 P -0 .5 P1.0 P2.5 P -2 .7 P9.6 Pi .9 1.1 6.9 2.4 5.8 5.7 6.0 -2 0 .3 3.6 1.7 5.7 2.0 3.8 3.9 3.7 5.8 4.0 3.5 5.0 1.7 1.4 1.5 1.2 27.3 3.3 3.6 4.2 1.6 0.4 0.6 -0 .1 44.2 3.6 4.3 4.1 0.7 - 1 .2 - 0 .2 - 3 .8 73.1 3.6 P4.6 P3.8 P -0 .7 P -1 .2 P -0 .2 P -3 .8 P52.9 P2.8 r8.5 2.1 -2 .2 r - 5 .9 r11.8 -2 .7 1.4 r -8 .1 4.0 4.0 -0 .4 - 0 .2 2.5 6.3 1.3 3.7 r3.3 r7.1 r2.6 r - 3 .7 r4.1 6.4 2.7 r2.2 r6.0 5.6 2.2 r - 0 .4 r6.6 4.7 2.0 r - 1 .8 7 .6 4.7 1.3 r - 2 .7 r6.7 3.8 -0 .7 r -2 .7 I11983 to III 1983 IV 1982 to 11983 11983 to I11983 3.2 5.6 4.0 2.3 3.2 2.6 1.9 5.2 4.9 3.3 10.6 5.5 5.9 3.5 -0 .8 -2 .2 14.4 2.8 1.2 3.6 0.6 2.3 5.4 3.3 1.2 5.6 4.0 4.4 2.1 3.7 3.5 6.6 6.3 3.0 10.6 5.3 7.1 4.4 0.0 -2 .6 15.1 2.7 0.4 5.2 3.6 6.7 4.8 11.9 -3 1 .4 36 3.2 5.7 5.4 1.0 2.5 -2 .8 79.9 5.1 r0.2 4.0 2.4 3.3 r6.2 10.0 9.7 r3.6 III 1982 to IV 1982 III 1982 to IV 1983 f = revised. p = preliminary. 85 WAGE AND COMPENSATION DATA D a t a f o r t h e e m p l o y m e n t c o s t i n d e x 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 (EC1) is a quarterly measure of the average change in the cost of 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 of 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 differentials. 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. Benefits 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. First-year wage or compensation changes refer to average negotiated changes for workers covered by settlements reached in the period I 86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and implemented within the first 12 months after the effective date of the agreement. Changes over the life of the agreement 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. Wage-rate changes are expressed as a percent of straight-time hourly earn ings; compensation changes 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 employees' total compensation. State and local government units were added to the ECI coverage in 1981, providing a measure of 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 Handbook of Methods (Bulletin 2134— 1), and the Monthly Labor Review 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 Current Wage Developments, a monthly publi cation of the Bureau. 33. E m p lo ym en t C ost Index, by occupation and industry group [June 1981 = 100] Percent change Series Civilian workers1 ..................................................................................... Workers, by occupational group White-collar w orkers.......................................................................... Blue-collar workers ......................................................................... Service workers ............................................................................... Workers, by industry division Manufacturing .................................................................................. Nonmanufacturing............................................................................ Services ........................................................................................ Public administration2 ................................................................. Private industry workers Workers, by occupational group White-collar workers .................................................................... Blue-collar w o rk e rs ...................................................................... Service w o rk e rs............................................................................ Workers, by industry division Manufacturing............................................................................... Nonmanufacturing......................................................................... State and local government workers Workers, by occupational group White-collar workers .................................................................... Blue-collar w o rk e rs ....................................................................... Workers, by industry division Services ........................................................................................ S ch o o ls..................................................................................... Elementary and secondary .................................................. Hospitals and other services3 .................................................. Public administration2 ................................................................ 'Excludes farm, household, and Federal workers. Consists of legislative, judicial, administrative, and regulatory activities. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1984 1983 1982 3 months ended 12 months ended March 1984 March June Sept. Dec. March June Sept. Dec. March 106.3 107,5 110.1 111.4 113.2 114.5 116.5 117.8 119.8 1.7 5.8 106.5 1057 107.2 107.7 107.1 108.3 110.7 109.2 110.8 111.9 110.5 112.4 113.7 112.3 114.3 114.9 113.6 115.1 117.6 114.8 116.7 118.9 115.8 119.1 120.9 117.7 122.0 1.7 1.6 2.4 6.3 4.8 6.7 106.0 106.4 108.2 108.1 107.2 107.7 109.2 109.1 109.3 110.5 113.5 112.8 110.4 111.8 115.0 113.6 112.5 113.5 116.6 116.2 113.5 114.9 117.1 117.0 115.0 117.2 121.1 119.8 116.0 118.6 122.6 121.4 117.9 120.7 125.0 122.9 1.6 1.8 2.0 1.2 4.8 6.3 7.2 5.8 105.8 107.2 109.3 110.7 112.6 113.9 115.6 117.0 119.0 1.7 5.7 105.8 105.6 106.7 107.2 107.0 107.9 109.5 109.0 109.6 110.8 110.3 111.8 112.8 112.1 113.8 114.2 113.5 114.6 116.5 114.6 115.1 117.9 115.7 117.9 119.9 117.5 121.5 1.7 1.6 3.1 6.3 4.8 6.8 106.0 105.7 107.2 107.1 109.3 109.3 110.4 110.8 112.5 112.6 113.5 114.2 115.0 116.0 116.0 117.5 117.9 119.6 1.6 1.8 4.8 6.2 108.8 109.3 114.3 115.1 116.5 117.1 120.8 122.0 123.9 1.6 6.4 109.1 108.2 109.5 108.9 114.9 112.7 115.8 113.0 117.0 114.9 117.5 115.8 121.5 118.0 122.6 119.2 124.5 121.9 1.5 2.3 6.4 6.1 109.0 108.9 109.3 109.5 108.1 109.4 109.1 109.5 110.3 109.1 114.9 114.8 115.6 115.3 112.8 115.9 115.8 116.6 116.0 113.6 116.8 116.6 117.2 117.5 116.2 117.4 116.9 117.4 118.8 117.0 121.7 121.9 123.3 121.1 119.8 122.6 122.6 123.9 122.6 121.4 124.5 124.5 125.4 124.4 122.9 1.5 1.5 1.2 1.5 1.2 6.6 6.8 7.0 5.9 5.8 includes, for example, library, social, and health services. 87 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Wage and Compensation Data 34. E m ploym ent C ost Index, w ages and salaries, by occupation and industry group [June 1981 = 100) Percent change 1982 Series 1983 1984 March June Sept. Dec. March June Sept. Dec. March 3 months ended 12 months ended March 1984 Civilian workers1 ..................................................................................... Workers, by occupational group White-collar w orkers......................................................................... Blue-collar workers ......................................................................... Service workers ............................................................................... 106.3 107.3 109.7 110.9 112.2 113.4 115.3 116.5 117.9 1.2 5.1 106.7 105.5 106.8 107.6 106.7 107.9 110.4 108.6 110.1 111.4 109.8 111.8 113.0 110.8 113.2 114.2 112.0 113.9 116.7 113.1 115.1 117.9 114.0 117.4 1193 115.3 120.0 1.2 1.1 2.2 5.6 4.1 6.0 Workers, by industry division Manufacturing .................................................................................. Nonmanufacturing............................................................................ Services ........................................................................................ Public administration2 ................................................................. 105.9 106.5 108.6 107 5 107.0 107.5 109.5 108.4 108.8 110.1 113.2 111.9 109 8 111.3 114.4 112.6 111.0 112.7 115.8 114.6 112.0 114.0 116.3 115.4 113.3 116.1 120.1 118.2 114.5 117.4 121.3 119.4 115.7 118.9 123.3 120.4 1.0 1.3 1.6 0.8 4.2 5.5 6.5 5.1 Private industry workers...................................................................... Workers, by occupational group White-collar workers ................................................................... Professional and technical w o rk e rs ......................................... Managers and administrators .................................................. Salesworkers ............................................................................ Clerical workers......................................................................... Blue-collar workers ...................................................................... Craft and kindred w o rk e rs........................................................ Operatives, except transport..................................................... Transport equipment operatives............................................... Nonfarm laborers...................................................................... Service w o rk e rs ............................................................................ Workers, by industry division Manufacturing............................................................................... Durables..................................................................................... Nondurabies ............................................................................ Nonmanufacturing......................................................................... Construction ............................................................................ Transportation and public u tilitie s ............................................ Wholesale and retail tra d e ........................................................ Wholesale trade ................................................................... Retail tra d e ............................................................................ Finance, insurance, and real e s ta te ......................................... Services..................................................................................... 105.9 107.1 109.0 110.3 111.6 112.9 114.5 115.8 117.2 1.2 5.0 106.2 108.0 105.8 102.2 107.0 105.4 106.2 105 4 103.2 104.1 106.7 107.3 109.4 107.2 101.8 108.3 106.6 107.6 106.6 104.1 105.1 107.9 109 4 111.8 108.5 104.5 110.3 108.5 109.6 108.3 106.0 106.5 109.3 110.6 112.9 109.3 106 2 111.6 109.7 111.2 109 3 106.9 107.8 111.4 112.2 114.8 112.0 105.7 113.4 110.7 112.2 110 0 108.0 109.0 112.9 113.6 115.9 114.0 107.1 114.6 111.9 113.4 111.1 110.3 109.8 113.5 115.9 119.9 114.8 108.4 116.7 112.9 114.3 112.3 110.7 110.8 113.7 117.2 120 4 115.7 111.2 118.3 113.9 115.4 113.6 110.2 112.1 116.5 118.5 122.2 118.0 110.2 119.8 115.1 116.5 114.9 111.7 112.9 119.8 1.1 1.5 2.0 - .9 1.3 1.1 1.0 1.1 1.4 .7 2.8 5.6 6.4 5.4 4.3 5.6 4.0 3.8 4.5 3.4 3.6 6.1 105.9 106 3 105.3 105.9 105.9 105.7 103.9 106.3 103.0 103.7 108.8 107.0 107.4 106.3 107.1 107.3 106 9 105.8 108.9 104.5 102.4 110.0 108 8 109.0 108.5 109.1 109.1 109.5 106.5 109.0 105 5 106.1 112.5 109.8 110.3 109.1 110.5 109.7 111.1 107 2 109.8 106.1 109.0 114.3 111.0 111.1 110.9 112.0 110.4 112.9 108 5 111,8 107.2 110.6 116.0 112.0 111.8 112.3 113.4 112.1 114.7 110.8 114.1 109.4 111.1 116.6 113.3 112.9 113.9 115.2 112.2 115.7 111.5 115.7 109 9 113.5 120.4 114.5 114.4 114.6 116.5 112.9 116 8 112.3 116.5 110.6 116.9 121.9 115.7 115.7 115.8 118.0 113.3 118.5 114.3 118.2 112.8 116.1 124.2 1.0 1.1 1.0 1.3 .4 1.5 1.8 1.5 2.0 -.7 1.9 4.2 4.1 4.4 5.4 2.6 5.0 5.3 5.7 5.2 5.0 7.1 State and local government workers Workers, by occupational group White-collar workers .................................................................... Blue-collar workers ...................................................................... Workers, by industry division Services ........................................................................................ S ch o o ls ..................................................................................... Elementary and secondary .................................................. Hospitals and other services3 .................................................. Public administration2 ................................................................. 108 2 108.7 113.5 114.0 115.1 115.7 119.2 120.0 121.6 1.3 5.6 108.5 107.5 108.9 107.9 114.2 111.5 114.6 112.0 115.6 113.3 116.1 114.3 119 8 116.4 120.6 116.9 122.2 119.1 1.3 1.9 5.7 5.1 108 4 108.3 108.7 108 8 107.5 108 8 108.5 108.8 109.5 108.4 114.2 114.2 114.9 114.3 111.9 114.6 114.5 115.1 114.9 112.6 115.5 115.2 115.6 116.5 114.6 115.9 1154 115.8 117.7 115.4 119.8 119.9 121.1 119.7 118.2 120.6 120.6 121.7 120.6 119.4 122 2 122.2 122.9 121.9 120 4 1.3 1.3 1.0 1.1 .8 5.8 6.1 6.3 4.6 5.1 1Excludes farm, household, and Federal workers. Consists of legislative, judicial, administrative, and regulatory activities. 88 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis includes, for example, library, social, and health services. 35. E m ploym ent C ost Index, p rivate in dustry w orkers, by bargainin g status,, region, and area size [June 1981 = 100] Percent change Series 1984 1983 1982 3 months ended 12 months ended March 1984 March June Sept. Dec. Nlarch June Sept. Dec. March Workers, by bargaining status1 Union .................................................................................................... Manufacturing ................................................................................... Nonmanufacturing............................................................................. 106.5 106.3 106.8 108.4 108.0 108.7 110.6 110.3 111.0 112.3 111.8 112.8 114.5 114.0 114.9 116.0 114.8 117.1 117.8 116.3 119.2 118.8 117.2 120.4 120.6 119.3 121.9 1.5 1.8 1.2 b.3 4.6 6.1 Nonunion .............................................................................................. Manufacturing ................................................................................... Nonmanufacturing............................................................................. 105.3 105.7 105.2 106.5 106.6 106.4 108.5 108 4 108.6 109.7 109.2 109.9 111.5 111.2 111.6 112.8 112.3 113.0 114.4 113.8 114.7 115.9 114.9 116.4 118.0 116.6 118.6 1.8 1.5 1.9 5.8 4.9 6.3 111.7 110.6 108.6 112.9 112.6 112.5 110.9 115.4 114.3 113.5 112.5 116.6 116.0 115.6 113.9 118.0 117.5 117.1 114.7 120.0 118.9 119.7 117.2 121.0 1.2 2.2 2.2 0.8 5.6 6.4 5.7 4.9 COMPENSATION Workers, by region1 Workers, by area size1 Metropolitan areas ................................................................................ Other areas ................................................................................ 105 7 106.2 107.2 107.0 109.4 108.6 110.9 109.1 112.9 110.8 114.2 112.3 116.0 113.4 117.4 114.5 119.4 116.7 1.7 1.9 5.8 5.3 Workers, by bargaining status1 Union .................................................................................................... Manufacturing ................................................................................... Nonmanufacturing............................................................................. 106.5 105.9 107.0 108.1 107.3 108.8 110.3 109.5 111.1 111.8 110.8 112.7 112.9 111.4 114.3 114.2 112.3 116.0 116.0 113.7 118.3 116.9 114.8 118.9 118.1 116.1 120.1 1.0 1.1 1.0 4.6 4.2 5.1 Nonunion ............................................................................................... Manufacturing ................................................................................... Nonmanufacturing............................................................................. 105.6 105.9 105.5 106.5 106.7 106.4 108.3 108.2 108.3 109.5 109.1 109.6 110.9 110.7 111.0 112.2 111.8 112.4 113.7 113.0 114.0 115.2 114.2 115.6 116.7 115.4 117.2 1.3 1.1 1.4 5.2 4.2 5.6 Workers, by region1 Northeast ............................................................................................... South .................................................................................................... North Central ......................................................................................... W e s t....................................................................................................... 106.1 105.7 104.7 107.9 106.7 107.4 106.1 108.6 109.7 108.8 107.6 110.7 111.5 109.8 108.6 112.0 112.0 111.4 110.1 114.1 113.6 112.5 111.5 114.9 115.3 114.3 112.8 116.5 116.6 115.7 113.6 118.5 117.4 117.9 115.5 118.8 .7 1.9 1.7 .3 4.8 5.8 4.9 4.1 Workers by area size1 Metropolitan areas ................................................................................ Other areas ............................................................................................ 105.9 106.0 107.1 106.8 109.1 108.3 110.5 108.8 111.9 110.1 113.2 111.4 114.9 112.3 116.2 113.4 117.6 115.1 1.2 1.5 5.1 4.5 WAGES AND SALARIES 1The indexes are calculated differently from those for the occupation and industry groups. For a detailed description of the index calculation, see BLS Handbook o f Methods, Bulletin 1910. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis / 89 MONTHLY LABOR REVIEW July 1984 • Current Labor Statistics: Wage and Compensation Data 36. W age and com pensation change, m ajor co llective bargaining settlem en ts, 1979 to date [In percent] Quarterly average 1982 Measure 1979 1980 1981 1982 1983 9.0 6.6 10.4 7.1 10.2 8.3 3.2 2.8 First year of contract ..................... Annual rate over life of contract. . . 7.4 6.0 9.5 7.1 9.8 7.9 Manufacturing: First year of contract .................... Annual rate over life of contract. . . 6.9 5.4 7.4 5.4 Nonmanufacturing (excluding construction): First year of contract .................... Annual rate over life of contract. . . 7.6 6.2 Construction: First year of contract .................... Annual rate over life of contract. . . 8.8 8.3 1983 1 II III IV 3.4 3.0 1.9 1.2 2.6 2.1 6.2 4.7 3.3 4.8 3.8 3.6 2.6 2.8 3.0 2.8 3.4 3.2 5.4 4.5 7.2 6.1 2.8 2.6 0.4 2.1 2.5 2.7 1.8 1.7 9.5 6.6 9.8 7.3 4.3 4.1 5.0 3.7 2.7 2.1 13.6 11.5 13.5 11.3 6.5 6.3 1.5 2.4 8.6 8.2 1 19849 II III IV 1 - 1 .6 1.4 4.4 3.6 5.0 4.3 4.9 3.1 5.3 5.0 3.8 4.8 - 1 .2 2.2 2.7 2.8 3.7 3.6 4.2 2.8 3.0 3.4 5.1 3.9 4.1 4.5 - 3 .4 .9 1.3 1.7 3.4 3.5 2.9 3.1 3.1 2.7 6.6 6.1 5.5 4.8 3.6 5.2 3.3 5.3 5.9 5.2 5.8 4.3 4.8 2.7 4.3 4.9 6.2 6.3 6.3 5.9 3.4 2.9 .7 2.4 1.7 2.1 1.5 2.9 1.1 2.6 -5 .4 -4 .2 Total compensation changes, covering 5,000 workers or more, all industries: First year of contract ..................... Annual rate over life of contract. . . Wage rate changes covering at least 1,000 workers, all industries: p = preliminary. 37. Effective w age a djustm ents in co llective bargaining units covering 1,000 w orkers or m ore, 1979 to date Year and quarter Year 1982 Measure 1979 1980 1981 1982 1983 Average percent adjustment (including no change): All industries....................................................................... Manufacturing . ........................................................ Nonmanufacturing ........................................................ 9.1 9.6 8.8 9.9 10.2 9.7 9.5 9.4 9.5 6.8 5.2 7.9 From settlements reached in period ................................ Deferred from settlements reached in earlier period . . . . From cost-of-living clauses............................................... 3.0 3.0 3.1 3.6 3.5 2.8 2.5 3.8 3.2 Total number of workers receiving wage change (in thousands)'.............................................................. — — — — From settlements reached in period ....................................................................... Deferred from settlements reached in earlier p e rio d ............................................... From cost-of-living clauses............................................... Number of workers receiving no adjustments (in thousands) .............................................................. II III IV 1 II III IV 1 4.0 2.7 4,8 1.0 .9 1.1 2.0 1.0 2.7 2.4 1.7 2.9 1.3 1.5 1.2 0.3 -.5 9 1.3 1.1 1.5 1.2 1.2 1.2 1.1 9 1.2 0.9 1.2 .7 1.7 3.6 1.4 .8 2.5 .6 .2 .6 .3 .4 1.4 .2 5 1.3 6 .6 .4 .3 -.2 .4 .1 3 1.0 .1 .2 .8 .2 .6 .3 .2 .1 4 .4 8,648 7,852 6.530 2,878 3,423 3.760 3,441 2,875 3.061 3.025 2,887 2,926 — 2,270 1,907 2.327 204 511 620 825 448 561 599 996 272 — — — 6,267 4,593 4,846 3,830 3.260 2,327 1,001 1,920 1.594 1,568 2,400 2,251 860 1,970 812 1,938 1,405 1,299 1,317 1,218 669 1,290 1,049 1,640 — — 145 483 1,187 5,457 4,912 4,575 4,895 4,842 4,656 4,693 4,830 4,791 1The total number of workers who received adiustments does not equal the sum of workers that received each type of adjustment, because some workers received more than one type of adjustment during the period. 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1984P 1983 1 P = preliminary. WORK STOPPAGE DATA 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 stoppa ges 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. W o rk sto p p ag es involving 1,000 w orkers or m ore, 1947 to date Workers involved Number of stoppages Month and year Beginning in month or year Beginning in month or year (in thousands) In effect during month Days idle In effect during month (in thousands) Number (in thousands) Percent of estimated working time 270 245 262 424 1,629 1,435 2,537 1,698 25,720 26,127 43,420 30,390 .22 .38 .26 415 470 437 265 363 1,462 2,746 1,623 1,075 2,055 15,070 48,820 18,130 16,630 21,180 .12 .38 .14 .13 .16 287 279 332 245 222 1,370 887 1,587 1,381 896 26,840 10,340 17,900 60,850 13,260 .20 .07 .13 .43 .09 ....................... 195 211 181 246 268 1,031 793 512 1,183 999 10,140 11,760 10,020 16,220 15,140 .07 .08 .07 !11 .10 .................................................. 1947 1948 1949 1950 ..................................................... 1951 1952 1953 1954 1955 .................................................................... 1956 1957 1958 1959 I960 ................................ ...................................................................... 1961 1962 1963 1964 1965 ................................................................. ...................................... .............................................................. 1966 1967 1968 1969 1970 ................................................................... .............................................................. ......................................................................... 321 381 392 412 381 1,300 2,192 1,855 1,576 2,458 16,000 31,320 35,567 29,397 52,761 .10 .18 .20 .16 .29 1971 1972 1973 1974 1975 ......................................... ............................................................................ ...................................................................... ........................................................ ............................................................................... 298 250 317 424 235 2,516 975 1,400 1,796 965 35,538 16,764 16,260 31,809 17,563 .19 .09 .08 .16 .09 1976 1977 1978 1979 1980 .................................................. .................................................. ........................................................ ................................ 231 298 219 235 187 1,519 1,212 1,006 1,021 795 23,962 21,258 23,774 20,409 20,844 .12 10 .11 09 .09 1981 1982 1983 ......................................... .................................................. ............................................................................ 145 96 81 729 656 909 16,908 9,061 17,461 .07 .04 .08 1983 January ...................................................................... February ...................................................................... M a rc h ......................................................................... A p r il............................................................................ May ............................................................................ 1 5 5 2 12 3 7 10 9 17 1.6 14.0 10.5 2.8 24.9 38.0 50.4 54.9 52.4 34.2 794.8 844.4 1,131.5 789.5 488 5 .04 .05 .05 .04 .03 1984P January ...................................................................... February ...................................................................... M a rc n ......................................................................... A p r il............................................................................ May ............................................................................ r6 2 2 r6 3 '12 12 9 r12 12 r28.9 8.7 3.0 r27.0 4.0 r43.0 37.2 14.6 r36 6 33.6 r507.3 365.5 284.2 r643.5 530.1 .03 .02 .01 .03 .03 • p = preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r revised. 91 Published by BLS in May S A LE S P U B L IC A T IO N S O c c u p a t io n a l O u t lo o k Q u a r te r ly . S p r in g is s u e fe a tu r e s a r tic le s o n th e j o b o u t lo o k in b r ie f , th e e c o n o m y in 1 9 9 5 , a n d h ig h - BLS B ulletins t e c h n o lo g y e m p lo y m e n t . 3 6 p p ., $ 4 .5 0 ($ 9 p er y e a r ). P r o d u c e r P r ic e s a n d P r ic e I n d e x e s . M a r c h a n d A p r il is s u e s in c lu d e E d u c a tio n a l A tta in m e n t o f W o r k e r s , M a r c h 1 9 8 2 -8 3 . B u lle tin c o m p r e h e n s iv e r e p o r ts o n p r ic e m o v e m e n t s , p lu s r e g u la r ta b le s 2 1 9 1 , 5 9 p p ., $ 2 .7 5 (G P O S t o c k N o . 0 2 9 -0 0 1 - 0 2 8 0 7 -5 ) . D is c u s s e s changes s in c e 1970 in th e la b o r fo rce a c tiv it y of a n d t e c h n ic a l n o t e s . E a c h is s u e , 148 p p ., $ 5 ($ 3 4 p er y e a r ) . c o lle g e g r a d u a te s b y s e x , r a c e , a n d H is p a n ic o r ig in . FR EE P U B L IC A T IO N S E m p lo y m e n t P r o j e c t io n s fo r 1 9 9 5 . B u lle tin 2 1 9 7 , 184 p p ., $ 5 .5 0 (G P O S t o c k N o . 0 2 9 -0 0 1 - 0 2 8 0 5 -9 ). P r e s e n t s th e la te s t e m p lo y A rea W a g e Survey S u m m aries m e n t p r o j e c t io n s fo r th e y e a r 1 9 9 5 , in c lu d in g th e e c o n o m ic a n d L o g a n s p o r t — P e r u , I n d ., A p r il 1 9 8 4 . 3 p p . la b o r f o r c e e s t im a te s o n w h ic h th e y a r e b a s e d . I t c o n s is t s o f fo u r M o n t g o m e r y , A l a . , A p r il 1 9 8 4 . 3 p p . a r tic le s fr o m th e N o v e m b e r 1983 is s u e o f th e M o n t h ly L a b o r S h r e v e p o r t, L a ., A p r il 1 9 8 4 . 6 p p . R e v ie w a n d s u p p le m e n ta r y ta b le s c o n t a in in g a d d it io n a l d a t a W ilm in g t o n , D e l . — N . J . — M d . , J a n u a r y 1 9 8 4 . 6 p p . th a t a r e fr e q u e n t ly r e q u e s te d . O c c u p a t io n a l I n ju r ie s a n d I lln e s s e s in th e U n it e d S t a te s b y I n d u s tr y , 1 9 8 2 . B u lle tin 2 1 9 6 , 5 2 p p ., $ 2 .2 5 (G P O S t o c k N o . BLS S u m m aries O c c u p a t io n a l E a r n in g s in S e le c te d A r e a s , 1 9 8 3 . S u m m a r y 84-1 0 2 9 -0 0 1 - 0 2 8 0 6 -7 ). C o n ta in s 1981 a n d 1 9 8 2 d a t a b y in d u s tr y o n ( N o . 3 o f 3 ), 6 p p . o c c u p a t io n a l in j u r ie s , illn e s s e s , a n d f a t a litie s in p r iv a te s e c to r O c c u p a t io n a l E a r n in g s a n d W a g e T r e n d s in M e t r o p o lit a n A r e a s , e s t a b lis h m e n t s . 1 9 8 3 . S u m m a r y 8 4 -2 ( N o . 3 o f 3 ) , 10 p p . A rea W a g e Survey B ulletins O T H E R D ATA S E R V IC E S T h e s e b u lle tin s c o v e r o f f i c e , p r o f e s s io n a l, te c h n ic a l, m a in t e n a n c e , c u s t o d ia l, and m a te r ia l m ovem ent o c c u p a t io n s in m a jo r m e tr o p o lita n a r e a s . T h e a n n u a l s e r ie s o f 7 0 is a v a ila b le b y E lectro n ic N ew s Service M a j o r BLS n e w s r e le a s e s a re a v a ila b le e le c t r o n ic a lly a t r e le a s e s u b s c r ip tio n fo r $ 8 8 p e r y e a r . I n d iv id u a l a r e a b u lle t in s a r e a ls o t im e . a v a ila b le s e p a r a t e ly . T h e f o ll o w i n g w e r e p u b lis h e d in M a y : C h ic a g o , I llin o is , M e t r o p o lita n A rea, M arch 1984. B u lle tin 3 0 2 5 -1 0 , 4 2 p p ., $ 3 .7 5 (G P O S t o c k N o . 0 2 9 -0 0 1 - 9 0 2 7 7 - 8 ) . M a ilg ra m S ervice C on su m er D e n v e r — B o u ld e r , C o lo r a d o , M e t r o p o lit a n A r e a , D e c e m b e r 1 9 8 3 . B u lle tin 3 0 2 0 -7 2 , 55 p p . $ 4 (G P O S t o c k N o . 0 2 9 -0 0 1 - 9 0 2 7 0 - 1 ) . W a s h in g t o n , M arch D . C . — M a r y la n d — V ir g in ia , 1984. B u lle tin 3 0 2 5 -8 , 53 p p ., M e t r o p o lit a n $4 (G P O S to ck p r ic e in d e x d a ta s u m m a r y b y m a ilg r a m h o u r s o f th e CPI r e le a s e . P r o v id e s u n a d j u s t e d a n d w it h in 24 s e a s o n a lly a d j u s t e d U .S . C ity A v e r a g e d a t a fo r A ll U r b a n C o n s u m e r s (CPI-U) a n d f o r 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 A rea, (C PI-W ). (N T I S U B /1 5 8 ) . $ 1 2 5 in c o n t ig u o u s U n it e d S t a te s . N o. 0 2 9 -0 0 1 - 9 0 2 7 5 -1 ). W ic h it a , K a n s a s , M e t r o p o lit a n A r e a , A p r il 1 9 8 4 . B u lle t in 3 0 2 5 - 1 1 , A 2 9 p p ., $ 3 .5 0 (G P O S t o c k N o . 0 2 9 -0 0 1 - 9 0 2 7 8 -6 ). W o r c e s te r , M a s s a c h u s e t ts , M e t r o p o lita n A rea, T elep h o n e S um m ary M arch 1984. r e c o r d e d s u m m a r y o f p r in c ip a l C PI, P P I, a n d E m p lo y m e n t S it u a t io n n u m b e r s is a v a ila b le 2 4 h o u r s a d a y o n ( 2 0 2 ) 5 2 3 - 9 6 5 8 . B u lle tin 3 0 2 5 -9 , 2 8 p p ., $ 3 .2 5 (G P O S t o c k N o . 0 2 9 -0 0 1 - 9 0 2 7 6 - 0 ) . To order: P eriodicals S a le s p u b l i c a t i o n s — O r d e r f r o m B L S r e g io n a l o f f i c e s ( s e e in s id e CPI D e ta ile d R e p o r t. M arch is s u e p r o v id e s a com p r e h e n s iv e r e p o r t o n p r ic e m o v e m e n t s fo r th e m o n t h , in f o r m a tio n o n c h a n g e s in th e f r e q u e n c y o f p u b lic a t io n fo r lo c a l a r e a C P I’s w h ic h is t o b e g in in 1 9 8 7 , p lu s s ta tis tic a l ta b le s , c h a r t s , a n d f r o n t c o v e r ) , o r th e S u p e r in t e n d e n t o f D o c u m e n t s , U . S . G o v e r n m e n t P r in t in g O f f i c e , W a s h in g t o n , D .C . 2 0 4 0 2 . O r d e r b y tit le a n d GPO sto c k num ber. S u b s c r ip t io n s a v a ila b le o n ly fr o m th e S u p e r in t e n d e n t o f D o c u m e n t s . O r d e r s c a n b e c h a r g e d t o a d e p o s it a c c o u n t n u m b e r o r c h e c k s c a n b e m a d e p a y a b le to th e S u p e r in te n d te c h n ic a l n o t e s . 7 9 p p . $5 ($ 2 8 p e r y e a r ). e n t o f D o c u m e n t s . V is a a n d M a s t e r C a r d a r e a ls o a c c e p t e d . I n c lu d e C u r r e n t W a g e D e v e lo p m e n t s . A p r il is s u e in c lu d e s e m p lo y e e w a g e and b e n e fit c h a n g e s a n d w ork s to p p a g e s in a g r e e m e n ts e x p ir in g in M a y ; a n a r tic le o n th e a ll- tim e lo w fo r w a g e a d j u s t m e n ts u n d e r m a j o r c o lle c t iv e b a r g a in in g a g r e e m e n t s in 1 9 8 3 ; a n d s ta tis tic s o n c o m p e n s a t io n c h a n g e s . 7 0 p p ., $ 4 .5 0 and M a ilg r a m s e /-v /c e -* -A v a ila b le fr o m th e N a t io n a l T e c h n ic a l I n f o r m a t io n S e r v ic e , U . S . D e p a r t m e n t o f C o m m e r c e , 5 2 8 5 P o r t R o y a l R o a d , S p r in g f ie ld , V ir g in ia 2 2 1 5 1 . E le c tr o n ic n e w s r e le a s e s — R e q u e s t s p e c if ic in f o r m a t io n a b o u t th e ($ 2 3 p e r y e a r ). E m p lo y m e n t c a rd n u m b e r a n d e x p ir a t io n d a t e . M a rch ; m a jo r E a r n in g s . M ay is s u e covers e m p lo y m e n t a n d u n e m p lo y m e n t d e v e lo p m e n t s in A p r il, r e d e s ig n o f th e e le c t r o n ic n e w s r e le a s e s f r o m th e O f f ic e o f P u b lic a t io n s , B u r e a u o f L a b o r S t a t is t ic s , W a s h in g t o n , D .C . 2 0 2 1 2 . s a m p le f o r th e C u r r e n t P o p u la t i o n S u r v e y , a n n u a l a v e r a g e s fo r F r e e p u b l i c a t i o n s — A v a ila b le f r o m th e B u r e a u o f L a b o r S t a t is t ic s , S ta te s a n d a r e a s , p lu s r e g u la r s ta tis tic a l ta b le s o n n a t io n a l, U . S . D e p a r t m e n t o f L a b o r , W a s h in g t o n , D .C . 2 0 2 1 2 o r f r o m a n y S t a te , a n d a r e a e m p lo y m e n t , u n e m p lo y m e n t , h o u r s , a n d e a r n B L S r e g io n a l o f f i c e . in g s . 1 8 4 p p ., $ 6 ($ 3 9 p e r y e a r ). issuing office. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Request regional office publications from the F r e e p u b lic a t io n s a r e a v a ila b le w h ile s u p p lie s la s t. Where To Find CPI Information Monthly Periodical: M ost 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. D epartm ent 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 ana 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 w ho 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 m onthly 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. BLS pro jectio n s of em p lo y m en t Em ploym ent Projections for 1995 US Department of Labor Bureau of Labor Statistics March 1984 ' Bulletin 2197 Growth in em ploym ent, output, income, and dem and over the next decade is discussed in this collection of four ar ticles from the M onthly Labor Review. Additional detailed tables supplem ent the articles. Subjects include: • The labor force— expected changes in size and com position. • Industry output and em ploym ent. • Gross national product and in c o m e - p r o je c t e d tre n d s and m ajor underlying assum ptions. • Distribution of dem and— changing patterns in the m ajor sectors of consum ption, business invest m ent, governm ent expenditures, and foreign trade. T h e follow ing b l s regional o ffic e s w ill e x p e d ite orders S uite 1603 John F. Kennedy Federal Bldg., B oston, M ass. 02203 1371 P eachtree S treet, N .E. 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T h is H a n d b o o k a im s to p ro v id e us e rs o f B L S d a ta w ith th e in fo rm a tio n n e c e s s a ry to e v a lu a te th e s u ita b ility o f th e s ta tis tic s fo r th e ir n e e d s . In c lu d e d a re p ro g ra m d e s c rip tio n s for: The fo llo w in g BLS regional o ffice s w ill e xpedite orders. • L a b o r fo rc e , e m p lo y m e n t, an d u n e m p lo y m e n t • N e g o tia te d w a g e a n d b e n e fit changes • O c c u p a tio n a l e m p lo y m e n t s ta tis tic s • E m p lo y m e n t C o s t In d e x • P ro d u c tiv ity m e a s u re s • C o n s u m e r e x p e n d itu re s an d in c o m e • • P ro d u c e r P ric e In d e x e s • In te r n a tio n a l P ric e In d e x e s • O c c u p a tio n a l p a y a n d b e n e fits O c c u p a tio n a l s a fe ty a n d h e a lth s ta tis tic s • E c o n o m ic g ro w th s tu d ie s Volume II • C o n s u m e r P ric e In d e x 1603 JFK Federal B ldg B osto n . Mass. 02203 1371 P eachtree St.. N E A tla n ta . 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