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MONTHLY LABOR REVIEW Volume 131, Number 7 July 2008 Producer inflation accelerates in 2007 due to rising prices for energy and foods 3 Prices for energy goods surged in 2007, after falling in 2006, while food prices increased more than they had a year earlier Joseph Kowal, Antonio Lombardozzi, Scott Sager, and William Snyders Price measures of new vehicles: a comparison 19 The CPI, PPI, and IPP all analyze price changes in new vehicles; however, these indexes’ movements are only weakly correlated Maria Bustinza, Daniel Chow, Thaddious Foster, Tod Reese, and David Yochum A hedonic model for Internet access service in the Consumer Price Index 33 A hedonic model is presented for use in making direct quality adjustments to prices for Internet access service collected for the Consumer Price Index Brendan Williams Departments Labor month in review 2 Précis 49 Current labor statistics 50 Editor-in-Chief: Michael D. Levi Executive Editor: William Parks II Managing Editor: Leslie Brown Joyner Editors: Brian I. Baker, Casey P. Homan Book Review Editor: James Titkemeyer Design and Layout: Catherine D. Bowman, Edith W. Peters Contributing Editor: Lawrence H. Leith Labor Month In Review The July Review Prices and their measurement are the central focus of this latest issue of the Monthly Labor Review. Quite often in the July issue, we publish a retrospective look at changes in the prices of goods and materials as measured by the BLS Producer Price Index. Joseph Kowal, Antonio Lombardozzi, Scott Sager, and William Snyders assess the trends in producer prices for calendar year 2007 and find inflation was notably on the rise. Prices for finished goods rose sharply—more than 6 percent—after having grown by only about 1 percent in 2006. The index for intermediate materials, which reflects the prices of goods produced at an earlier stage of processing, increased by about 7 percent in 2007, more than double the previous year’s rate. The prices for crude materials rose steeply—nearly 20 percent—after having fallen slightly less than 5 percent in 2006. Much of these noticeable upturns were due to higher prices for energy and foods. Prices for refined petroleum products, and especially for crude petroleum, moved up more than they had the year before, and, at each stage of processing, overall energy goods and materials accelerated well into the double digits. Similarly, prices for foods at each level of processing were up much more than in 2006. How the prices for new vehicles are measured across the Bureau’s various price measurement programs is the subject of a comparative study by five BLS economists. There are few industries in the world that receive as much attention as auto manufacturing and sales, especially as vehicle production and consumer purchasing continue to Monthly Labor Review • July 2008 become ever more global. This article is designed to elucidate the differences among the Consumer, Producer, and International Price Programs in methods of index calculation and how such differences might explain differentials in price trends for new vehicles. For those analysts with particular interests in price index construction, Brendan Williams provides a look into the development of a hedonic model for making quality adjustments to a very visible service industry, namely, access to Internet services. The practice of making hedonic-based price adjustments to remove the effects of quality changes in goods and services that enter into the calculation of the Consumer Price Index has been in effect for some time now, but thus far has focused mainly on such items as consumer electronics, appliances, housing, and apparel. Williams explores some alternative pathways to hedonic adjustments for Internet access services and recommends that a hedonically adjusted index be considered. Redesigned BLS Web site The Bureau first began publishing reports—with good old ink and paper—in the 1880s. Over time, BLS has worked hard to keep abreast of the latest styles and modes of communication. Since widespread public use of the Internet began in the 1990s, BLS, like other private- and public-sector organizations, has had to adapt quickly to utilize the Net’s vast potential. For an agency in the information collection and dissemination business, developing and maintaining an informative and user-friendly World Wide Web site has been an ongoing priority. The Bureau first launched a Web site in 1995, with a few dozen pages, and issued a major redesign in 2001. In July 2008, after more than 2 years of significant testing and sifting of alternative designs, BLS launched its latest sweeping redesign of its Web site (found at www.bls.gov). Primary features of the newly redesigned site include improved BLS and program office home pages, each with new user-tested navigation paths to make browsing as convenient as possible; fresh content on the Bureau home page each working day; an upgraded search engine; new tailored resources for different visitors (such as the news media, students, investors, and so on); a new “Guide to Geographic Data,” intended to help data users to quickly determine what types of data are available from BLS at every level of geographic detail; a more comprehensive calendar of release dates for BLS news releases; an expanded index; an enhanced section on careers at BLS; and our initial foray into audio files, the first accompanying a new Spotlight on Statistics feature focusing on older workers. BLS has developed multiple tutorials to guide Web site users through the new features, including the use of video, audio, and text. (To access these multimedia tools, simply go to the “tutorials” tab in the upper right section of the BLS home page.) For those of you who may have had different sections of our previous site bookmarked, relax: the vast majority of Web addresses are unchanged. We hope that all of our visitors will find the new design helpful. It will be interesting to see what changes might be made to the site in future years, as customer needs and expectations, as well as technology, continue to evolve. PPI Highlights, 2007 Producer inflation accelerates in 2007 due to rising prices for energy and foods Prices for energy goods surged in 2007, after falling in 2006, while food prices increased more than they had a year earlier; in contrast, the stage-of-processing indexes for goods excluding foods and energy advanced in 2007 at rates similar to those of 2006 Joseph Kowal, Antonio Lombardozzi , Scott Sager, and William Snyders Joseph Kowal, Antonio Lombardozzi, Scott Sager, and William Snyders are economists in the Office of Prices and Living Conditions, Bureau of Labor Statistics. E-mail: ppi-info@bls.gov T he Producer Price Index (PPI) for Finished Goods climbed 6.2 percent in 2007, after inching up 1.1 percent in 2006. Finished goods are commodities that are ready for sale to final-demand users, either as durable or nondurable goods for consumers or as capital equipment for business firms. The index for intermediate materials, supplies, and components, reflecting the prices of goods produced at an earlier stage of processing, increased 7.1 percent in 2007, after rising 2.8 percent in 2006. Intermediate goods consist of material and component inputs to manufacturing and construction, as well as supplies for all types of businesses. The index for crude materials for further processing—unprocessed goods and raw materials—jumped 19.8 percent in 2007, after falling 4.7 percent in 2006. The larger advances in 2007 for the finished goods and intermediate goods indexes, as well as the upturn in prices for crude goods, are attributable primarily to a reversal in prices for energy goods, which moved up in 2007, after declining in 2006, and secondarily to prices for foods, which increased at faster rates in 2007 than they had a year earlier. (See table 1.) Prices for energy goods jumped in 2007, after moving down in 2006. Among crude materials, prices for crude petroleum, which were nearly unchanged in 2006, surged 51.7 percent in 2007, while prices for wellhead natural gas edged down after dropping 26.2 percent in the preceding year. Further along the production path, prices for refined petroleum products and utility electric power moved up more in 2007 than they had a year earlier, while the index for utility natural gas fell less than it had in 2006. Within finished goods, the index for finished energy goods advanced 17.8 percent in 2007, following a 2.0-percent decline a year earlier. Similarly, prices for intermediate energy goods climbed 19.8 percent, after decreasing 3.3 percent in 2006, and the index for crude energy materials rose 16.2 percent in 2007, compared with a 15.7-percent drop a year earlier. (See table 2.) In addition to energy products, also contributing to the faster rates of increase for finished and intermediate goods, as well as the reversal in the crude goods index, price gains for farm products and for processed foods and feeds accelerated in 2007. These increases were generally broad based; however, steep upturns in prices for raw fluid milk, as well as processed dairy products, led the acceleration. The indexes for finished consumer foods, intermediate foods and feeds, and crude foodstuffs and feedstuffs each rose more in 2007 than they had in 2006. For finished consumer foods, the 7.6-percent increase in 2007 was the largest since a 7.7-percent advance in 2003. At the earlier stages of processing, the 17.2-percent jump in prices for intermediate foods and Monthly Labor Review • July 2008 PPI Highlights, 2007 Table 1. Annual percentage changes in Producer Price Indexes for selected stages of processing, 2002–07 Index Finished goods . ........................................................... Finished consumer foods....................................... Finished energy goods............................................ Finished goods less foods and energy............... Finished consumer goods, excluding foods and energy.................................................. Capital equipment............................................... 2002 2003 2004 1.2 4.0 4.2 –.6 7.7 3.1 12.3 11.4 13.4 –.5 1.0 2.3 –.5 –.6 1.1 .8 Intermediate materials, supplies, and components . ............................................................ 3.2 3.9 Intermediate foods and feeds............................... 4.2 12.9 Intermediate energy goods................................... 12.0 10.9 Intermediate materials less foods and energy....................................................................... 1.5 2.1 Materials for nondurable manufacturing.... 4.2 4.9 Materials for durable manufacturing............ 3.1 4.0 Materials and components for construction . .8 3.0 2.2 2.4 9.2 –2.3 15.8 2005 2006 2007 5.4 1.7 23.9 1.4 1.1 1.7 –2.0 2.0 6.2 7.6 17.8 2.0 1.6 1.2 1.8 2.3 2.4 1.4 8.6 2.8 2.4 4.7 26.2 –3.3 7.1 17.2 19.8 8.3 4.8 4.5 3.3 13.7 8.9 1.2 12.8 18.3 5.9 12.5 1.7 10.1 6.1 4.3 2.0 Crude materials for further processing ........... 24.7 Foodstuffs and feedstuffs....................................... 4.5 Crude energy materials . ........................................ 61.5 Crude nonfood materials less energy ............... 12.6 19.5 17.4 21.1 24.1 –2.6 1.6 14.4 35.9 42.2 21.6 20.5 5.2 Special groupings Finished goods less energy.................................... Intermediate materials less energy..................... Crude materials less energy................................... 2.7 2.6 23.3 –.5 1.6 7.1 feeds was the fastest annual rate of increase since 1974, when prices climbed 31.1 percent. For crude foodstuffs and feedstuffs, the 24.9-percent surge in 2007 was the largest since a 31.7-percent rise in 1973. In contrast, the index for finished goods other than foods and energy increased at the same rate in 2007 as in the previous year, 2.0 percent. The index for consumer nondurable goods excluding foods and energy advanced more in 2007 than in the prior year, while prices for consumer durable goods and capital equipment rose less than in 2006. At the earlier stages of processing, prices for intermediate goods other than foods and energy moved up less than they had in 2006, and the index for crude nonfood materials less energy increased slightly less in 2007 than it had in the preceding year.1 Energy goods The indexes for energy goods at all three stages of processing turned up in 2007, after falling a year earlier. The finished energy goods index increased 17.8 percent, following a 2.0-percent decline in 2006. Among finished energy goods, prices for gasoline, home heating oil, diesel fuel, and residential electric power jumped in 2007, after Monthly Labor Review • July 2008 –4.7 2.8 –15.7 17.0 19.8 24.9 16.2 15.6 2.5 1.5 1.9 3.5 7.8 4.6 4.5 4.0 5.2 3.0 8.3 21.4 advancing at slower rates in the preceding year. The index for liquefied petroleum gas surged following a decline in 2006. Prices for residential natural gas edged down in 2007, after steep declines a year earlier. Similar to finished energy goods, the 2007 upturn in the index for intermediate energy goods was led by accelerating price increases for refined petroleum products such as gasoline, diesel fuel, jet fuel, and home heating oil. The indexes for commercial and industrial electric power also rose more in 2007 than they did in 2006. The indexes for liquefied petroleum gas and residual fuel surged in 2007, after falling in the prior year. Utility natural gas prices declined at much smaller rates than they did in 2006. At the earliest stage of processing, the index for crude energy materials moved up 16.2 percent in 2007, following a 15.7-percent decrease a year earlier. Crude petroleum prices increased more than 50 percent in 2007, after inching up in the preceding year, while natural gas prices moved down 4.9 percent, after dropping sharply in 2006. Petroleum products. In 2007, the crude petroleum index climbed 51.7 percent, compared with a 0.1-percent rise a year earlier. In 2007, large price increases occurred over the course of the entire year: February, 7.4 percent; April, Table 2. Annual percentage changes in Producer Price Indexes for selected energy goods, 2003–07 Index 2003 2004 2005 Finished energy goods . ....................................................... 11.4 13.4 23.9 Residential natural gas........................................................ 19.9 15.9 28.3 Gasoline.................................................................................... 14.9 27.4 41.5 Home heating oil................................................................... 13.9 42.0 41.8 Liquefied petroleum gas..................................................... 21.0 28.5 44.3 Residential electric power.................................................. 4.9 2.3 6.8 2006 2007 –2.0 17.8 –11.6 –.9 1.8 36.1 5.2 30.9 –15.1 59.1 2.3 4.5 Intermediate energy goods . ............................................. 10.9 15.8 26.2 –3.3 19.8 Industrial natural gas........................................................... 20.3 20.1 31.5 –13.2 –2.8 Commercial natural gas...................................................... 19.9 17.5 30.3 –13.6 –.9 Natural gas to electric utilities.......................................... 17.4 20.4 25.0 –16.1 –3.8 Diesel fuel................................................................................. 13.0 37.9 46.7 2.3 33.9 Jet fuel....................................................................................... 10.2 45.5 41.3 6.6 41.3 Residual fuel............................................................................ 39.1 1.0 80.4 –23.5 38.2 Industrial electric power..................................................... 2.4 2.3 10.4 4.0 7.3 Commercial electric power................................................ 2.7 3.1 6.6 3.4 3.8 Crude energy goods .............................................................. Natural gas............................................................................... Crude petroleum................................................................... Coal............................................................................................. 14.4 35.9 42.2 17.2 44.3 43.7 14.3 30.5 49.6 2.1 10.0 9.7 7.4 percent; June, 4.4 percent; July, 13.0 percent; September, 8.4 percent; October, 4.1 percent; and November, 13.1 percent.2 On the supply front, U.S. field production of crude petroleum was nearly flat compared with 2006 levels, roughly 1.862 billion barrels, while imports declined 1.0 percent overall, to 3.656 billion barrels. Internationally, the Organization of Petroleum Exporting Countries (OPEC) cut its official output target by 1.2 million barrels per day on November 1, 2006, and by another 500,000 barrels per day on March 15, 2007—a 6.2-percent drop in its production target—to 25.8 million barrels per day. The actual production curtailment was estimated to be 1.3 million barrels per day—a 4.7-percent decline.3 OPEC production edged up over the remainder of 2007, but by year-end, production had decreased roughly 1.5 percent in 2007, compared with a year earlier.4 Geopolitical uncertainty in the Persian Gulf, as well as in Venezuela, Algeria, and Nigeria, also contributed to crude oil price increases in 2007. As of December 2007, about 19.6 percent of crude oil imports came from the Persian Gulf, while 11.9, 5.1, and 11.0 percent came from Venezuela, Nigeria, and Algeria, respectively.5 Back in the United States, allocations of crude oil to the Strategic Petroleum Reserve (SPR) increased 1.2 percent in 2007 to 697 million barrels; however, ending stocks excluding the SPR fell 3.2 percent to 3.887 billion barrels.6 The substantial acceleration in crude petroleum prices during 2007 passed through to refined petroleum products: –15.7 16.2 –26.2 –4.9 .1 51.7 5.5 3.2 prices for gasoline, home heating oil, diesel fuel, and jet fuel rose at much faster rates in 2007 than they did in 2006. As was the case with crude petroleum, these advances were spread across the entire calendar year; however, particularly large gains were observed in early spring and in November. For example, in March 2007 prices for gasoline, home heating oil, diesel fuel, and jet fuel jumped 17.4, 8.5, 13.8, and 11.7 percent, respectively. In November, these indexes increased 15.7, 17.4, 18.9, and 17.0 percent.7 Over two periods in 2007, the rate of operable capacity utilization at U.S. refineries fell noticeably. From early January through early March, capacity utilization fell from 91.0 percent to 85.7 percent, and from mid-August to early November, it fell from 92.1 percent to 86.7 percent.8 During these slowdowns, finished gasoline production fell 7.0 percent and 4.0 percent, respectively. Similarly, jet fuel production dropped 7.6 percent and 0.2 percent, and distillate fuel production9 declined 8.8 percent and 2.0 percent. Imports of crude petroleum, not allocated to the SPR, declined 2.7 percent in 2007, and imports of refined petroleum products declined 0.5 percent over the same period.10 Natural gas products. Prices for wellhead natural gas fell 4.9 percent in 2007, compared with a 26.2-percent drop in 2006. Similarly, the indexes for utility natural gas—residential, commercial, industrial, and natural gas to electric utilities—also declined at significantly slower Monthly Labor Review • July 2008 PPI Highlights, 2007 rates in 2007 than they did a year earlier. Although wellhead natural gas prices tend to be more volatile than those for utility natural gas, prices received by these two sectors generally display similar directional movements over the long term. In terms of supply, marketed production of wellhead natural gas in the United States increased nearly 4.0 percent in 2007, from roughly 19.38 million of million cubic feet (MMcf) for the 12-month period ended December 2006 to 20.15 million MMcf for the comparable period in 2007. This rise was relatively consistent over the course of the year. Imports of natural gas (wellhead and liquefied) also grew during 2007. In calendar year 2006 U.S. imports were about 4.19 million MMcf; in 2007, total imports were roughly 4.60 million MMcf, which is nearly a 10-percent jump. At the same time, an increase of nearly 12 percent in U.S. exports—from 724 thousand MMcf to 809 thousand MMcf—partially offset the rise in domestic supply.11 From a storage standpoint, the volume of working natural gas in underground storage decreased in 2007, after a large net injection gain in 2006 was not replicated in 2007.12 Total working gas in underground storage increased 16.5 percent in 2006, to 3.07 million MMcf, but the measure fell 6.2 percent in 2007, to 2.88 million MMcf.13 This lower figure for December 2007, however, still was 7.9 percent higher than the 5-year historical average of 2.67 million MMcf. The downturn in underground storage for 2007 can be traced to increased consumption. Total U.S. natural gas consumption rose 6.6 percent in 2007, rising to 21.27 million MMcf from 19.94 million MMcf in 2006. Residential consumption grew 8.1 percent, commercial consumption expanded 6.1 percent, industrial consumption inched up 2.1 percent, and consumption by electric utilities for power generation jumped 10.5 percent.14 combination of increasing coal stocks and rising demand. During 2007, stocks (coal inventory stored for future use) grew 1.3 percent, to 189 million short tons, but total coal consumption edged up 1.5 percent, to 1.229 billion short tons.16 The PPI for electric power moved up 4.9 percent in 2007, after rising 3.2 percent a year earlier, as prices for residential, commercial, and industrial electric power each rose more than they had in 2006.17 Coal,18 which generates a little less than 50 percent of electric power domestically, has increased in price roughly 50 percent in the last 7 years.19 About 20 percent of electric power is generated from natural gas,20 and in 2007, prices for both wellhead natural gas and utility natural gas sold to electric utilities declined at much slower rates than they did in the preceding year. Foods and related products Liquefied petroleum gas. The PPI for liquefied petroleum gas surged 59.1 percent in 2007, after falling 15.1 percent in 2006. The category for liquefied petroleum gases includes products such as propane, ethane, butane, and isobutane. Liquefied petroleum gases can be derived from either natural gas or crude petroleum, and the steep acceleration in crude oil prices, along with the much slower rate of decrease in prices for wellhead natural gas, contributed to this reversal. In addition, year-end stocks for liquefied petroleum gases, which were 113.1 million barrels in 2006, dropped to roughly 95.2 million barrels in 2007, a 15.8-percent decline.15 The PPI for finished consumer foods advanced 7.6 percent in 2007, following gains of 1.7 percent in both 2006 and 2005. Accounting for this acceleration, prices for dairy products, fresh and dry vegetables, and beef and veal turned up in 2007, while the indexes for eggs for fresh use and processed young chickens rose more than they did in 2006. On the other hand, price increases slowed from 2006 to 2007 for fresh fruits and melons and for processed fruits and vegetables. The pork index fell more than it had in the prior year. (See table 3.) At the earlier stages of processing, prices for intermediate foods and feeds jumped 17.2 percent in 2007, subsequent to a 4.7-percent increase in the previous year. The indexes for prepared animal feeds, flour, and for shortening and cooking oils rose more rapidly than they did in 2006, and prices for fluid milk products; natural, processed, and imitation cheese; and for beef and veal turned up in 2007. By contrast, the indexes for refined sugar and byproducts and for pork fell at faster rates than in 2006. The PPI for crude foodstuffs and feedstuffs climbed 24.9 percent in 2007, compared with a 2.8-percent gain in 2006. This acceleration can be traced primarily to surging prices for raw fluid milk, which jumped 52.4 percent in 2007, after falling 4.7 percent in 2006. The index for slaughter cattle turned up in 2007, while prices for soybeans and wheat rose at faster rates than they had in 2006. In contrast, rising prices for corn and for fresh fruits and melons slowed in 2007, and the index for slaughter hogs fell more than in the previous year. Coal and electric power. The PPI for coal advanced 3.2 percent in 2007. Coal prices in 2007 were influenced by a Raw fluid milk and processed dairy products. Raw fluid milk prices reached record levels in 2007, rising 52.4 per- Monthly Labor Review • July 2008 Table 3. Annual percentage changes in Producer Price Indexes for selected foods and related products, 2003–07 Index 2003 2004 2005 Finished consumer foods..................................................... 7.7 3.1 1.7 Dairy products........................................................................ 6.8 9.1 –2.6 Fresh and dry vegetables................................................... 37.9 –13.9 34.3 Beef and veal........................................................................... 27.1 –3.8 3.2 Eggs for fresh use.................................................................. 40.5 –29.4 5.0 Processed young chickens................................................. 19.9 –.9 –3.1 Fresh fruits and melons....................................................... 30.5 18.0 –12.2 Processed fruits and vegetables...................................... .4 3.1 3.4 Pork............................................................................................. 6.8 22.1 –8.2 Intermediate foods and feeds........................................... Prepared animal feeds . ...................................................... Fluid milk products .............................................................. Flour........................................................................................... Natural, processed, and imitation cheese.................... Shortening and cooking oils............................................. Refined sugar and byproducts......................................... 12.9 –2.3 14.7 –11.1 9.3 5.0 5.0 4.9 8.6 14.0 16.1 .2 .8 –.8 Crude foodstuffs and feedstuffs....................................... 24.1 –2.6 Fluid milk.................................................................................. 16.1 19.1 Slaughter cattle...................................................................... 35.4 –10.9 Soybeans.................................................................................. 40.7 –29.7 Wheat......................................................................................... 4.0 –5.0 Corn............................................................................................ 6.8 –22.9 Slaughter hogs....................................................................... 20.7 48.7 cent, after falling 4.7 percent in 2006. This resulted from a combination of higher demand and lower supplies, as well as from higher production costs for milk. In 2007, expanding economies in China, India, and other developing nations caused an increased demand for milk proteins, while a drought in Australia reduced world milk supplies. Furthermore, the weakened dollar resulted in increased export demand for domestically produced milk and milkrelated products throughout the year. Milk production costs were higher for farmers, as the price for dairy cattle feeds such as alfalfa hay, corn, and soybeans all rose significantly in 2007. The increase in raw fluid milk costs were consequently passed on to manufacturers of processed fluid milk products and of natural, processed, and imitation cheese. The index for processed fluid milk products moved up 25.9 percent in 2007, after edging down 1.4 percent in the previous year. Prices for natural, processed, and imitation cheese advanced 32.1 percent in 2007, subsequent to a 3.1-percent decline in 2006. Vegetables and fruits. The index for fresh and dry vegetables advanced 20.0 percent in 2007, following an 11.9percent decline a year earlier. Prices rose over the first four months of 2007 but then plummeted in May to nearly 2006 2007 1.7 7.6 –.5 23.7 –11.9 20.0 –8.3 2.6 22.2 56.4 2.6 7.0 29.5 6.5 8.3 3.3 –.6 –2.7 2.4 4.7 17.2 5.6 11.8 20.1 1.0 –1.4 25.9 2.6 11.9 55.6 –7.7 –3.1 32.1 –3.3 11.0 25.4 18.5 –.5 –9.4 1.6 –9.8 9.5 7.0 –1.0 .7 –14.7 2.8 –4.7 –9.8 7.9 22.3 79.2 –4.4 24.9 52.4 8.2 76.8 109.0 21.5 –12.4 their lowest level of the year as supplies became plentiful for eastern and western based crops. By October, however, vegetable prices had rebounded 29.0 percent due to a reduction in planted acreage for the fall broccoli and cauliflower crop in California, as well as to increased demand for lettuce. The index for fresh fruits and melons increased 6.5 percent, after jumping 29.5 percent in 2006. Fruit prices in 2007 were affected by a combination of seasonal factors and weather conditions. The start of 2007 experienced low prices for citrus fruits due to seasonally high supplies. However, this trend was almost immediately reversed when California and Arizona were hit by an extended deep freeze that began January 11 and destroyed crops throughout these states. When the freeze hit, the state of California estimated that about $960 million in citrus was still on the trees and that 75 percent of it may have been lost.21 These losses were even more devastating to supply levels and prices due to the fact that the forecasted 2006– 07 citrus crop for oranges, lemons, and specialty fruits such as tangerines and tangelos was smaller than in years past.22 California’s 2006–07 orange crop was forecasted at 1.7 million tons, 20 percent lower than the prior season and potentially the smallest crop since 1998–99.23 Rising prices for processed fruits and vegetables slowed Monthly Labor Review • July 2008 PPI Highlights, 2007 from 8.3 percent in 2006 to 3.3 percent in 2007. Price increases were spread over the entire year, as per capita net domestic use (a proxy for consumption) of processing vegetables (excluding potatoes, sweet potatoes, and mushrooms) increased 3 percent to about 119 pounds in 2007.24 Grains, soybeans, and prepared animal feeds. Prices for overall grains have risen steadily in 2006 and 2007, increasing 59.2 and 40.8 percent, respectively. Higher prices in 2007 were primarily the result of a 109.0-percent surge in wheat prices and a 21.5-percent gain in corn prices. Wheat prices jumped as a result of inclement weather. Also, U.S. wheat ending stocks projections for 2007–08 were lowered 32 million bushels reflecting higher expected domestic use and exports.25 At 280 million bushels, the projected 2007–08 ending stocks were the lowest in 60 years.26 The value of the declining dollar against other major currencies also has made U.S. agricultural products attractive in foreign markets. According to U.S. Export Sales, accumulated exports of U.S. wheat were up 67.2 percent in 2007, compared with a year earlier.27 Corn prices also were higher in 2007 due to high demand for ethanol, animal feed, and exports. Corn is the major source of ethanol in the United States and has become increasingly popular as it has transformed from a simple grain used primarily to feed livestock into the desired commodity used to produce alternative fuels. The soybean index surged 76.8 percent in 2007, after rising 7.9 percent a year earlier. Prices rose in 2007 as farmers displaced soybean acreage for that of corn which was seen as more financially rewarding.28 Farmers generally rotate their acres between corn and soybeans. However, once corn was established as a high-profit crop due to the boom in ethanol demand, farmers changed their planting behavior and planted more corn at the expense of soybean acreage, decreasing soybean production and further increasing the price of soybean meal. Soybean prices were also pushed higher due to increased demand, as soybean oil has become a major input to bio-diesel production. Furthermore, world trade for soybeans has increased 37 percent since 2001 and imports by China, the world’s leading soybean importer, have accounted for all of the increase including an offset of a small decline in the rest of the world.29 China’s soybean imports have increased by 24 million tons in the last 6 years, reflecting a sharp growth in protein meal consumption.30 China now accounts for almost one-half of global soybean imports.31 The prepared animal feeds index advanced 20.1 percent in 2007, after an 11.8-percent gain in 2006. Higher Monthly Labor Review • July 2008 input prices—for corn, soybeans, and wheat—were passed through to prices for prepared animal feeds throughout the year. Animal feed prices also were affected by poor weather in 2007 that limited the use of pasture for livestock grazing, which in turn increased feed demand. Slaughter cattle and beef and veal. The index for slaughter cattle turned up 8.2 percent in 2007, following a 9.8percent decline a year earlier. The cattle industry in 2007 was mainly affected by two factors: high feed costs and increased slaughter rates, which led to an end of herd expansions. In late 2006, corn prices skyrocketed as the demand for ethanol increased substantially. Consequently, prices of substitute feed crops such as soybeans, hay, and barley also rose. Increased feed costs led to higher slaughter rates, as the margins per head of cattle drastically shrunk to the point that cattlemen were losing money on each animal and were better off sending them to slaughter than continuing to feed them. Slaughter cattle prices remained strong through much of 2007, despite increased slaughter rates, as higher feed costs were partially passed through when fed cattle reached market. According to Joel L. Greene, livestock analyst for the U.S. Department of Agriculture (USDA), “The U.S. cattle herd expansion that began in 2004 came to a halt during 2007.” He cites the annual Cattle report, which “estimated that the number of cattle and calves on January 1, 2008 was 96.7 million head, down 0.3 percent from a year earlier.” Moreover, the beef cow herd was down to nearly 32.6 million head, a drop of about 1 percent from the previous year, and “the smallest beef cow herd since 1991.”32 The 2007 calf crop was 37.2 million head, slightly smaller than the 2006 calf crop, signaling that the total number of cattle is set to decrease over the next several years.33 Following a story similar to that of slaughter cattle, prices for beef and veal rose 2.6 percent in 2007, after moving down 8.3 percent in 2006. Beef production increased as a result of higher slaughter rates. In 2007, the slaughter rate was 34,274 thousand head, up 1.7 percent from 2006.34 As a result, commercial beef production increased to an estimated 26,345 million pounds, up 0.8 percent from the 2006 total of 26,153 million pounds.35 Despite the increase of beef supply, prices rose in 2007 due to renewed foreign demand. U.S. beef and veal exports increased 24.5 percent from 2006 and are up 105 percent from 2005.36 Poultry products. The index for processed young chickens rose 7.0 percent in 2007, after increasing 2.6 percent in the preceding year. Prices for eggs for fresh use surged 56.4 percent following a 22.2-percent rise in 2006. Poul- try product price increases in 2007 were primarily due to higher feed costs, which resulted from higher corn and soybean prices. Another factor was increased fuel costs associated with transporting poultry products to markets, costs that ultimately were passed on to buyers. Slaughter hogs and processed pork. The indexes for slaughter hogs and processed pork were major decliners in 2007, falling 12.4 and 2.7 percent, respectively. Hog producers had been expanding their breeding herds over the last few years due to favorable breeding conditions, so unlike the livestock and poultry sectors, an increase in slaughter rates negatively affected prices for slaughter hogs and processed pork.37 Additionally, a flood of Canadian swine entered American slaughterhouses during the year resulting in a supply glut that pushed prices lower.38 Flour. The index for flour increased 55.6 percent in 2007, after an 11.9-percent gain in 2006. Flour prices rose throughout most of 2007, and they accelerated during the final quarter of the year as demand increased in preparation for the fall baking season. The advance in flour prices was ultimately the result of higher acquisition and storage costs of wheat. Flour mills not adjacent to large wheat growing areas needed to store millions of dollars worth of their purchased wheat. To finance the storage, millers Table 4. Cooking oils. Prices for shortening and cooking oils climbed 25.4 percent in 2007, after rising 11.0 percent in the previous year. Oilseeds, which are inputs to oils and shortenings, shot up dramatically during the year. These products include soybeans, cottonseeds, peanuts, and sunflowers. To take advantage of historically high corn prices, farmers diverted precious acreage usually reserved for oilseeds to corn, which significantly depleted supplies of oilseeds. The supply situation was worsened by a prolonged drought in the Southeast that negatively affected peanut production. Finished goods other than foods and energy The PPI for finished goods other than foods and energy, commonly known as the finished core index, advanced 2.0 percent in 2007, the same rate as in 2006. (See table 4.) In 2007, rising prices for pharmaceutical products, cigarettes, civilian aircraft, pet food, cosmetics and other toilet preparations, commercial furniture, heavy motor trucks, communication and related equipment, and book publishing Annual percentage changes in Producer Price Indexes for selected finished goods other than foods and energy, 2003–07 Index Finished goods other than foods and energy............ needed to borrow money and run a line of credit. Hence, production costs for millers were compounded by a combination of interest paid on borrowed money in conjunction with the higher prices paid for wheat. 2003 2004 2005 1.0 2.3 1.4 2006 2007 2.0 2.0 Cigarettes................................................................................. –.8 1.1 4.8 .8 9.2 Jewelry, platinum and karat gold.................................... 3.2 2.0 3.5 4.4 6.4 Pet food..................................................................................... .4 7.3 1.0 3.3 6.0 Pharmaceutical preparations............................................ 4.7 4.4 6.0 3.6 5.1 Civilian aircraft........................................................................ 6.1 7.1 3.9 5.3 3.3 Heavy motor trucks.............................................................. –1.9 3.4 5.3 4.7 2.9 Book publishing..................................................................... 4.0 4.6 3.7 4.6 2.9 Aircraft and aircraft equipment........................................ 3.6 4.3 3.3 4.2 2.9 Sporting and athletic goods.............................................. –2.2 1.3 .5 2.1 2.8 Commercial furniture........................................................... .7 3.8 3.4 2.3 2.3 Household furniture............................................................. .3 3.5 3.7 2.1 1.2 Cosmetics and other toilet preparations...................... .7 .7 1.7 1.7 1.4 Communication and related equipment...................... –.9 –2.1 –.7 –.2 1.2 Tools, dies, jigs, fixtures, and industrial molds............ –.9 .1 2.5 1.0 –.2 Home electronic equipment............................................. –1.5 –4.8 –4.7 –2.5 –4.7 Light motor trucks................................................................. 2.3 1.0 –5.9 1.5 –.7 Passenger cars........................................................................ 2.0 1.7 –3.4 –.3 –1.5 X-ray and electromedical equipment............................ –.7 –3.4 –1.6 –.4 –2.8 Electronic computers........................................................... –17.1 –12.3 –23.2 –22.8 –23.1 Monthly Labor Review • July 2008 PPI Highlights, 2007 outweighed falling prices for electronic computers, light motor trucks, passenger cars, home electronic equipment, and x-ray and electromedical equipment. processing, and labeling for pet food,42 which has led to increased demand for higher priced domestic grain and meat byproducts. Pharmaceutical preparations. Prices for pharmaceutical preparations advanced 5.1 percent in 2007, after rising 3.6 percent a year earlier. Pharmaceutical companies hiked prices on patent protected drugs to regain margin as their non-protected portfolios experienced lower demand due to an increased presence of generic substitutes. Pharmaceutical companies also raised prices in order to generate positive revenue comparisons in 2007 relative to those in 2006, when revenues were driven by the positive effect of the increased volume from the implementation of Medicare Part D, the retirees’ prescription drug plan. Also impacting this index in 2007 were the costs associated with a number of high profile drug recalls and withdrawals along with the negative effects of a limited number of novel drug approvals. Intermediate materials less foods and energy Cigarettes. The cigarettes index advanced 9.2 percent in 2007, following a 0.8-percent gain in the preceding year. The impetus for this price movement was higher mandated Master Settlement Arrangement (MSA) payments—the money tobacco companies must pay to help Federal and state governments pay for their tobacco related health care costs and in smoking prevention efforts. The U.S. Centers for Disease Control and Prevention estimates the total annual health care expenditures caused by cigarette smoking at $75 billion.39 Civilian aircraft. After rising 5.3 percent in 2006, prices for civilian aircraft advanced 3.3 percent in 2007. This index has risen at an average annual rate of 4.1 percent over the last 10 years. Civilian aircraft sales grew 16 percent in 2007, as the expanding worldwide economy led to solid demand for commercial transport and business jets.40 Shipments of general aviation aircraft totaled 4,272 units in 2007, the most in 25 years, as shipments of business jets topped 1,000 units for the first time in history.41 Pet food. Prices for pet food moved up 6.0 percent in 2007, following a 3.3-percent gain a year earlier. Pet food consists mainly of grain, oilseed, and of grain and meat byproducts—inputs that all rose in price over the year. This industry was severely affected in 2007 when pet food with melamine-contaminated wheat gluten from China caused the illness and death of many dogs and cats in the United States. In response to this scandal, new regulations were passed requiring standards for ingredients, 10 Monthly Labor Review • July 2008 The PPI for intermediate materials less foods and energy rose 3.3 percent in 2007, compared with a 4.5-percent increase in 2006. Leading the deceleration in the intermediate core index, the rate of advance for the materials for durable manufacturing index slowed to 1.7 percent in 2007, following an increase of 12.5 percent a year earlier. Contributing to a lesser extent, the index for materials and components for construction moved up 2.0 percent, after rising 4.3 percent in the prior year. By contrast, prices for materials for nondurable manufacturing advanced 12.8 percent compared with a 1.2-percent gain in 2006. (See table 5.) Over the last 4 years, prices for intermediate goods other than foods and energy have advanced 22.5 percent—more than 80 percent of the index’s 27.3 percent gain over the 10-year period going back to 1997. Materials for durable manufacturing. The PPI for materials for durable manufacturing rose 1.7 percent in 2007, after climbing 12.5 percent in 2006. Leading this price deceleration, the primary nonferrous metals index moved up 3.9 percent in 2007, following a 32.7-percent surge in the prior year. Prices for cold rolled steel sheet and strip, copper and brass mill shapes, and aluminum mill shapes, all of which increased dramatically in 2006, turned down in 2007, as a slowing U.S. economy and ample supplies negatively affected pricing. Pricing for primary nonferrous metals is mainly determined by two components of this index—copper cathode and primary aluminum—both of which exhibited divergent price activity in 2007. The index for copper cathode rose 15.7 percent, subsequent to a 39.3-percent gain in 2006; this index has more than tripled since 2002. Copper demand had benefited from the housing boom—a typical 2,100-square-foot house uses 439 pounds of copper.43 In 2007, depleted commodity exchange copper inventories and lower copper production due to labor unrest in Canada, Chile, Mexico, and Peru led to supply concerns and higher prices.44 Demand from China, currently the world’s largest copper consumer, grew 13 percent in 2007 to 3.99 million tons.45 Price increases for copper cathode were moderated by lower demand for construction purposes due to the domestic housing market downturn and the increased use of less expensive plastic substitutes. The index for primary aluminum declined 12.9 percent Table 5. Annual percentage changes in Producer Price Indexes for selected intermediate materials other than foods and energy, 2003–07 Index Intermediate goods other than foods and energy ................................................................................. 2003 2.1 2004 2005 2006 2007 8.3 4.8 4.5 3.3 Materials for durable manufacturing....................... 4.0 18.3 5.9 12.5 1.7 Primary nonferrous metals............................................ 13.5 24.9 29.9 32.7 3.9 Copper cathode............................................................. 29.5 46.8 50.0 39.3 15.7 Primary aluminum, except extrusion billet.......... 10.4 20.1 18.0 18.1 –12.9 Steel mill products........................................................... 1.7 48.8 –3.8 11.6 .9 Cold rolled steel sheet and strip............................... –.2 35.5 –1.2 41.2 –9.1 Aluminum mill shapes.................................................... –.5 9.9 5.0 12.7 –1.7 Copper and brass mill shapes...................................... 11.6 29.6 31.0 44.4 –3.0 Construction materials and components................ 3.0 10.1 6.1 4.3 2.0 Nonferrous wire and cable............................................ 5.7 13.5 21.1 21.8 2.3 Plywood............................................................................... 31.3 –3.4 –2.9 –8.3 7.3 Fabricated structural metal products........................ .6 17.6 2.9 4.7 2.3 Concrete products............................................................ 1.5 7.6 10.1 8.1 3.8 Paving mixtures and blocks.......................................... 3.7 4.3 14.3 27.6 1.6 Asphalt felts and coatings............................................. 6.3 4.1 15.3 5.0 1.4 Treated wood..................................................................... 9.4 3.3 3.8 –6.6 1.1 Softwood lumber.............................................................. 8.3 9.9 –.4 –15.2 –4.0 Building paper and board............................................. 38.6 –1.0 1.0 –13.6 –13.6 Gypsum products............................................................. 2.8 20.0 18.8 5.5 –22.1 Materials for nondurable manufacturing............... 4.9 13.7 Industrial chemicals......................................................... 8.1 24.6 Basic organic chemicals.............................................. 9.3 30.3 Basic inorganic chemicals........................................... 2.9 7.3 Fats and oils, inedible...................................................... 29.4 –15.6 Fertilizer materials............................................................ 20.9 15.2 Plastic resins and materials........................................... 6.4 28.6 Paperboard......................................................................... –4.1 12.3 in 2007, following an 18.1-percent advance a year earlier. Aluminum is a plentiful resource produced through an energy intensive process. With a 50-percent advance in aluminum prices between 2003 and 2006, restarts of domestic aluminum smelters drove a 14-percent increase in production in 2007 (about 300 million tons), which combined with a decrease in consumption, led to lower prices.46 Materials and components for construction. Prices for materials and components for construction moved up 2.0 percent in 2007, compared with a 4.3-percent gain in 2006. The indexes for paving mixtures and blocks, nonferrous wire and cable, concrete products, fabricated structural metal products, and steel mill products rose less than they had a year earlier, in response to a weaker construction environment. The U.S. Department of Commerce reported that the annual value of residential construction put in place declined 18 percent in 2007 to $532.6 billion, the lowest amount 8.9 1.2 12.8 13.6 4.0 16.3 12.6 .4 17.3 17.7 16.4 10.4 11.9 12.4 48.9 15.6 –8.3 43.4 10.8 –7.8 9.7 –3.0 13.6 6.0 since 2003. Residential construction accounts for roughly one half of total construction in the United States.47 Despite a slowdown in construction, prices for plywood advanced 7.3 percent in 2007, after decreasing 8.3 percent a year earlier. Plywood pricing is volatile and can be affected by factors outside of residential construction such as mill operations, dollar valuation, and regional weather patterns. The weak dollar supported domestic plywood prices in 2007 by limiting the price competitiveness of imported products; rainy weather in the southern half of the United States also led to reduced plywood supplies. Materials for nondurable manufacturing. The index for materials for nondurable manufacturing jumped 12.8 percent in 2007, following a 1.2-percent gain in the previous year. Prices for basic organic chemicals surged 17.3 percent, after edging up 0.4 percent in 2006. The index for fertilizer materials climbed in 2007, as soaring food prices drove demand for fertilizer as a means of improving crop Monthly Labor Review • July 2008 11 PPI Highlights, 2007 yield. Prices for plastic resins and materials turned up in 2007, while the index for inedible fats and oils advanced more than it had a year earlier. By contrast, the paperboard index moved up 6.0 percent following a 13.6-percent gain in the preceding year. Prices for basic inorganic chemicals, paper, and synthetic rubber also advanced at slower rates than in 2006. Similar to their aggregate, components of the basic organic chemicals index increased over the course of the year, as prices for primary, intermediate, and miscellaneous basic organic chemicals rose 27.8 percent, 8.8 percent, and 5.4 percent, respectively. This broad-based advance was driven by the rising price of crude oil. Basic organic chemicals are separated from crude at petrochemical refineries through a variety of extraction processes termed cracking; thus, higher prices for oil have adversely affected chemical production costs—resulting in increased prices for basic organics. 29.4 percent in 2007, following a 2.9-percent rise in 2006, primarily due to increased foreign demand. The International Iron and Steel Institute reported that although U.S. steel production declined 4.9 percent in 2007, world steel production still grew 7.5 percent.48 Buyers in the Middle East—Turkey and Dubai—have stepped up purchases of U.S. iron and steel scrap, as their previous supplier, Russia, has limited exports to service internal demand.49 The weak dollar also has supported the domestic scrap market by increasing the price of imports. Crude nonfood materials less energy Wastepaper. The wastepaper index jumped 53.4 percent in 2007 led by a 62.5-percent surge in wastepaper exports prices. Wastepaper export volume rose by 9 percent to 15.6 million metric tons (mmt), with China accounting for 52 percent of the total volume.51 China’s surging economy grew 11.4 percent in 2007, the fifth consecutive year of greater than 10 percent growth.52 Paperboard is a necessary component in economic growth, because it is used to package manufactured products; China is dependent on paper imports, because it does not have sufficient amounts of natural forestland. The PPI for crude nonfood materials less energy surged 15.6 percent in 2007, following a 17.0-percent climb in 2006. (See table 6.) Prices for basic industrial materials have increased at an average rate of 16.0 percent over the last 5 years. On average, this index rose at a 5.1-percent annual rate over the previous 25 years. Despite a slowing domestic economy, basic materials prices moved up steadily in 2007 as investors sought relative safety from inflation fears and the weaker dollar sparked higher export demand for commodities. Iron and steel scrap. Prices for iron and steel scrap jumped Table 6. Gold ores. Prices for gold ores soared 24.9 percent in 2007 building on a 21.3-percent gain a year earlier. Gold demand has turned inelastic—higher prices had little effect on demand, as investors viewed gold as a safe haven against a declining dollar, inflation, and geopolitical risk. Additionally, gold production has declined, because no new major deposits have been found in the last 5 years.50 Construction sand, gravel, and crushed stone. The construction sand, gravel, and crushed stone index advanced Annual percentage changes in Producer Price Indexes for selected crude nonfood materials less energy, 2003–07 Index Crude nonfood materials less energy............................ 2003 2004 2005 2006 2007 21.6 20.5 5.2 17.0 15.6 Wastepaper................................................................................. 8.7 17.3 –9.1 Iron and steel scrap................................................................. 64.9 50.8 –10.8 Gold ore....................................................................................... 24.2 8.8 17.9 Construction sand, gravel, and crushed stone.............. 2.4 4.3 7.7 Copper base scrap................................................................... 30.7 34.5 51.9 Iron ore......................................................................................... 1.6 6.7 15.5 Copper ores................................................................................ 37.4 65.1 39.3 Softwood logs, bolts, and timber....................................... –.1 5.3 2.3 Aluminum base scrap............................................................. 11.5 12.9 12.8 12 Monthly Labor Review • July 2008 19.1 53.4 2.9 29.4 21.3 24.9 9.3 8.4 50.0 3.1 7.5 1.3 53.1 –1.7 –7.4 –5.3 23.7 –5.8 8.4 percent in 2007 as lower supplies and increased transport charges drove prices higher despite a slowdown in U.S. construction demand. In 2007, U.S. construction spending declined 2.6 percent—the largest decrease since 2002—leading to a 16-percent decline in production for both crushed stone and for construction sand and gravel.53 Nevertheless, prices still rose for this commodity due to higher transport charges, an important component in aggregate pricing, as well as the impact of a ruling in a Florida court case that limited Florida aggregate production and sent builders scrambling for alternative supplies.54 Services Trade industries. The index for total trade industries rose 3.9 percent in 2007. Trade indexes measure changes in margins received by wholesalers and retailers. Higher margins received by gasoline stations; merchant wholesalers of durable goods; grocery stores; merchant wholesalTable 7 ers of nondurable goods; automobile dealers; department stores; automotive parts, accessories, and tire stores; and health and personal care stores outweighed lower margins received by electronics and appliance stores. (See table 7.) The margin index for gasoline stations jumped 26.9 percent in 2007, after increasing 8.7 percent in 2006. Gasoline margins typically represent only pennies per gallon that consumers purchase at the pumps. Large changes in the index are usually indicative of retailers either trying to maintain market share (by decreasing margins) as supplier prices rise or recouping lost revenue (by increasing margins) as supplier prices fall. Long-term price change is the result of increases in the cost of doing business for retailers. Gasoline retailers were hit particularly hard in 2007 as supplier fuel prices increased to sustained levels not previously seen. For example, as the result of consumers increasingly using credit cards to pay for higher priced gasoline, retailers faced much higher costs of doing business for credit card fees.55 Short-term fluctuations Annual percentage changes in Producer Price Indexes for selected services industries, 2003–07 Index 2003 2004 2005 2006 2007 Total trade industries ........................................................... Wholesale trade..................................................................... Durable goods................................................................... Nondurable goods........................................................... Retail trade............................................................................... Gasoline stations............................................................... Grocery stores.................................................................... Automobile dealers......................................................... Department stores........................................................... Automotive parts and accessories, tire stores........ Health and personal care stores.................................. Electronics and appliance stores................................. – – – – 3.9 – – – – 3.0 – – 1.7 5.8 4.0 – – 4.6 7.6 1.6 – – – – 4.5 7.2 24.8 –19.2 8.7 26.9 – 7.4 6.3 –.4 4.5 – 2.3 4.0 4.4 4.1 – 4.7 –1.0 –.1 4.2 1.6 10.4 –.3 4.7 9.5 – 7.2 4.4 6.8 3.6 – –6.4 1.8 –1.7 –4.7 Transportation and warehousing.................................... Couriers..................................................................................... Scheduled passenger air transportation...................... Inland water freight transportation................................ Line-haul railroads................................................................ U.S. Postal Service.................................................................. Truck transportation............................................................. Freight transportation arrangement.............................. Coastal and Great Lakes freight transportation......... Deep sea freight transportation...................................... – – – 9.1 1.9 –1.5 –.2 7.6 2.3 7.4 0 0 – 5.5 .3 .9 – 2.6 8.7 3.1 – – 6.6 8.2 3.0 12.3 7.7 –1.1 9.0 20.0 14.0 4.2 13.1 1.9 9.2 0 6.3 6.6 5.4 2.1 3.8 .8 –1.8 1.9 11.4 7.2 10.6 .3 .2 –.2 Total traditional services...................................................... – – – – 1.8 General medical and surgical hospitals......................... 4.9 4.6 4.2 3.9 3.8 Offices of physicians (except mental health)............... 2.2 1.5 1.9 1.1 4.0 Direct health and medical insurance............................. 8.7 4.0 4.8 3.7 3.3 Portfolio management........................................................ 11.8 9.9 10.1 5.8 9.8 Offices of lawyers................................................................... 2.8 4.3 6.1 4.9 5.6 Hotels and motels (except casino).................................. – 2.9 7.4 4.1 6.3 Nursing care facilities........................................................... 4.3 3.9 3.6 2.9 5.6 Commercial banking............................................................ – 1.3 11.5 1.3 –5.5 NOTE: Dashes indicate data unavailable. Monthly Labor Review • July 2008 13 PPI Highlights, 2007 throughout the year are usually the result of supply and demand circumstances. In 2007, gasoline margins were volatile early in the year before starting their upward climb in the spring, when demand increased as the driving season commenced. Between March and June, gasoline station margins increased nearly 31 percent, reflecting an increase in gasoline demand of about three percent,56 while inventories fell 0.4 percent from their first quarter levels.57 Throughout the second half of the year, margins were volatile, although they trended downward, reflecting a 2.0-percent decrease in demand,58 in combination with a 1.5-percent increase in inventory levels.59 Margins received by grocery stores turned up 4.5 percent in 2007, following a 0.4-percent decline in 2006. A major factor influencing grocers’ margins are energy prices, because grocers use significant amounts of energy for both refrigeration of perishable inventory and climate control in their stores. During 2007, commercial electric power prices rose 3.8 percent,60 closely reflecting the increase in grocery store margins. The index for total wholesale trade industries rose 3.0 percent in 2007, as margins received by merchant wholesalers of durable goods advanced 4.0 percent, and margins received by merchant wholesalers of nondurable goods rose 1.6 percent in 2007. The index for durable goods wholesalers followed its historical pattern with a large January increase that reflected wholesalers’ traditional attempts to push price increases through at the start of the year to retailers, in combination with the removal of holiday promotions. In December, margins jumped 2.6 percent due to strong demand for industrial machinery and equipment and lower supplies of computers and related products.61 The margin index for wholesalers of nondurable goods declined in early spring as clothing wholesalers attempted to clear out relatively high inventories prior to receiving shipments for the summer season,62 and alcohol wholesalers received lower margins as increased demand for lowermargin malt beverages outweighed demand for other types of higher-margin alcoholic products.63 Margins dropped another 2 percent in June due to decreased demand for chemical products coupled with higher inventories for farm products, grocery items, and apparel.64 August saw a spike of 3.6 percent due to increased margins for motor oil, pharmaceuticals, and food products, particularly poultry and cheese. Margins remained volatile until late in the year, when they fell 2.6 percent in December. The drop was mainly a result of lower margins received for chemicals, prescription pharmaceuticals, plastics, and motor oils due to the high prices of petroleum-derived products that 14 Monthly Labor Review • July 2008 wholesalers were unable to pass on to retailers.65 The index for automobile dealers rose 4.1 percent in 2007, following a 4.4-percent increase in 2006. This index measures changes in margins collected by automobile dealers for vehicle sales and also through their service and parts operations. In 2007, the index for automobile dealers advanced 1.2 percent in January as a result of dealers receiving a large boost in revenue for their roles as intermediaries for financing and insurance services provided during 2006. The index fell 1.4 percent between June and October reflecting lower margin on vehicle sales due to automobile dealers discounting efforts to increase sales of current model-year vehicles prior to the introduction of the 2008 models. The index jumped 2.6 percent in December, as automobile dealers raised prices for service labor and parts in anticipation of upcoming cost of living increases for employees and for increases in parts costs, which typically take effect at the start of the year. Transportation and warehousing industries. The index for transportation and warehousing industries advanced 6.6 percent in 2007. The index for total transportation and warehousing industries measures changes in prices received by companies identified as providing transportation services, as well as delivery and warehousing services. Higher prices received by the industries for couriers, air transportation, inland water freight transportation, linehaul railroads, the U.S. Postal Service, truck transportation, freight transportation arrangement, coastal and Great Lakes freight transportation, and for warehousing and storage more than offset lower prices received by the industry for deep sea freight transportation. The increase in the index for couriers accelerated to 12.3 percent in 2007, after advancing 3.0 percent in 2006. Prices spiked 8.1 percent in January 2007 as courier companies folded their 2006 fuel surcharges into their 2007 base rates, while reducing, although not eliminating, fuel surcharges going forward. For most of the remainder of the year, couriers modified their fuel surcharges based on changes in diesel fuel prices, typically with a two-month lag. Prices increased late in the year, reflecting increased demand for delivery of holiday purchases. The index for the scheduled passenger air transportation industry turned up 9.0 percent in 2007, after falling 1.1 percent in 2006. Prices increased in the first quarter of the year due to a combination of strong demand and higher fuel costs, as North American passenger air traffic increased 6.1 percent while capacity rose only 5.2 percent over previous year levels,66 and jet fuel prices ended the quarter 6.7 percent higher than their previous year’s levels.67 Prices for air transportation spiked again in the summer, reflecting a further reduction in capacity as airlines shifted to smaller planes, while demand continued to increase with the summer travel season.68 Prices remained volatile for the rest of the year, as lower air travel demand was offset by higher fuel prices. The increase in the index for inland water freight transportation slowed to 4.2 percent in 2007, after jumping 14.0 percent in 2006. The first quarter of 2007 saw lower prices received as poor winter weather closed a number of inland waterways. Once shipping was able to consistently resume following the spring thaw, stagnant market conditions for steel and agriculture resulted in lower demand. Prices spiked in the summer and early autumn due to increased demand for farm and related products. Inland water freight prices reversed course again in November and December as the worsening economy resulted in lower demand for many domestically produced products.69 Traditional service industries. The index for total traditional service industries increased 1.8 percent in 2007. Traditional service industries include industries related to the dissemination of information, selected providers of health care services, as well as other assorted service industries. In 2007, increasing prices received by the industries for general medical and surgical hospitals, offices of physicians (excluding mental health), direct health and medical insurance carriers, portfolio management, offices of lawyers, non-casino hotels and motels, and nursing care facilities outweighed lower prices received by the commercial banking industry. The index for general medical and surgical hospitals increased 3.8 percent in 2007, nearly matching its 3.9 percent rise in 2006. This index consistently reflects two major increases each year which account for a majority of the annual movement. Most of the movement in this index in 2007 occurred in January and October, which coincides with the start of the new calendar year and the start of the Federal government fiscal year, respectively. In January, an increase of 0.8 percent reflected annual increases in hospital charges and renegotiations with insurance companies for reimbursements. In October, an advance of 2.1 percent was the result of changes in Medicare and Medicaid reimbursement rates which take effect at the start of the government’s fiscal year. The effect of these rate increases was offset somewhat by a new set of rules penalizing hospitals that declined to participate in Hospital Compare reporting by reducing their Medicare and Medicaid reimbursements by 2 percent.70 The index for offices of physicians (excluding mental health) advanced 4.0 percent in 2007, after rising 1.1 percent in 2006. Similar to the general medical and surgical hospital index, there are principally two months which account for a majority of the price change for the offices of physicians index. In January, prices received by physicians’ offices jumped 3.3 percent, reflecting changes in reimbursement rates for Medicare patients. In 2007, in an effort to encourage physician consultations and preventative care, Medicare changed its reimbursement formulary to be based on the amount of time the physicians spend with individual patients.71 Additionally, offices often change their fee schedules in January for self-paying patients, and many offices increased their fees to offset higher liability insurance rates and increased operating expenses incurred throughout 2006. In September 2007, prices increased 0.6 percent reflecting the renegotiation of reimbursement rates with private insurance companies. Prices received by the direct health and medical insurance industry increased 3.3 percent in 2007, after climbing 3.7 percent in 2006. With 2007 increases of 3.8 percent and 4.0 percent for general medical and surgical hospitals and for physicians’ offices, respectively, the 3.3 percent increase for the direct health and medical insurance industry in 2007 reflects insurance companies attempts to keep pace with the cost of medical inflation. Insurance rate increases were slightly lower than those for the medical services areas reflecting attempts by employers to contain their insurance cost increases by negotiating for larger co-payments in lieu of substantially higher insurance rates. The index for portfolio management increased 9.8 percent in 2007, following a 5.8-percent rise in 2006. Prices received by firms in the portfolio management industry are partially determined by the appreciation of portfolios of equities and debt securities. Most firms are typically priced on a one quarter lag, with prices reported to the PPI in the month following the end of each quarter. In 2007, large increases of 4.4 percent, 1.3 percent, and 2.0 percent were reported in January, April, and July, respectively, coinciding with the reports for the fourth quarter of 2006 and the first and second quarters of 2007. These increases were partially caused by advances in the equity markets, as illustrated by the Dow Jones Wilshire 5000 index, which rose 16.2 percent from the beginning of the fourth quarter of 2006 through the end of the second quarter of 2007. Changes in the portfolio management index are typically less volatile than those of the equity indexes due to the inclusion of debt securities and cash in the portfolios. Following the autumn credit meltdown, the equity markets turned lower, which was reflected by a 1.1-percent decline Monthly Labor Review • July 2008 15 PPI Highlights, 2007 for those firms that reported data for December. The index for commercial banking turned down 5.5 percent in 2007, after advancing 1.3 percent in 2006. This downturn was driven by a 21.5-percent decline in revenue received for loan services in 2007. Noteworthy decreases were observed for the following types of loan services: home equity loans were down 24.6 percent; commercial, industrial, and agriculture loans, except real estate dropped 23.8 percent; and residential real estate loans were down 12.8 percent. By contrast, the deposit services index increased 11.5 percent for the year. Prices in the PPI banking indus- tries reflect the difference between the revenue generated and the sum of its implicit and explicit costs for a specific type of banking activity such as commercial loans or auto loans. To measure these costs, interest is allocated between loans and deposits by means of a reference rate. Because most of these loans have interest rates that are fixed at the time the loan originates, most of the price movement in the index is the result of the change in the reference rate. The reference rate is based on the monetary policy of the Federal Reserve. The Federal Reserve’s easing of monetary policy in 2007 had a dramatic effect on the reference rate. Notes 1 The stage-of-processing indexes for finished, intermediate, and crude goods other than foods and energy are commonly referred to as the indexes for finished core, intermediate core, and crude core. Also, the index for crude goods other than foods and energy often is referred to as the index for crude nonfood materials less energy and basic industrial materials. To locate PPI data on the BLS Web site, visit data.bls.gov/cgibin/srgate and enter the series identifiers in question; for example, the series identifier for the crude petroleum index is WPU056. 2 3 Oil Daily, Mar. 16, 2007, p. 1. Annual Report, 2007 (Organization of Petroleum Exporting Countries), pp. 6-9; on the Internet at http://www.opec.org/library/ Annual%20Reports/pdf/AR2007.pdf (visited May 22, 2008). 4 OPEC 5 “U.S. Total Crude Oil and Products Imports by Country of Origin” (Energy Information Administration, Petroleum Navigator), on the Internet at http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_ a2_nus_ep00_im0_mbbl_m.htm (visited March 28, 2008). “U.S. Crude Oil Supply & Disposition” (Energy Information Administration, Petroleum Navigator), on the Internet at http://tonto. eia.doe.gov/dnav/pet/pet_sum_crdsnd_adc_mbbl_m.htm (visited March 28, 2008). The Energy Information Administration Web site is located at http://www.eia.doe.gov. 6 The series identifiers for gasoline, home heating oil, diesel fuel, and jet fuel are WPU0571, WPU057302, WPU057303, and WPU057203. 7 8 “U.S. Total Weekly Inputs, Utilization, & Production” (Energy Information Administration, Petroleum Navigator), on the Internet at http://tonto.eia.doe.gov/dnav/pet/pet_pnp_wiup_dcu_nus_w.htm (visited March 28, 2008). For collection purposes, the Energy Information Administration (EIA) collects data for distillate fuel oil as a group. EIA defines distillate fuel oil as a general classification for one of the petroleum fractions produced in conventional distillation operations. It includes diesel fuels and fuel oils. Products known as No. 1, No. 2, and No. 4 diesel fuel are used in on-highway diesel engines, such as those in trucks and automobiles, as well as off-highway engines, such as those in railroad locomotives and agricultural machinery. Products known as No. 1, No. 2, and No. 4 fuel oils are used primarily for space heating and electric power generation. For more information, visit the Energy Information Administration Web site at http://www.eia.doe.gov/glossary/index. 9 16 Monthly Labor Review • July 2008 html (visited Apr. 28, 2008). 10 “U.S. Weekly Imports & Exports” (Energy Information Administration, Petroleum Navigator), on the Internet at http://tonto.eia. doe.gov/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_w.htm (visited March 28, 2008). “U.S. Natural Gas Summary” (Energy Information Administration, Natural Gas Navigator), on the Internet at http://tonto.eia. doe.gov/dnav/ng/ng_sum_lsum_dcu_nus_m.htm (visited Apr. 11, 2008). 11 Working gas in underground storage is defined by the Energy Information Administration as the volume of gas in a reservoir that is in addition to the cushion or base gas required for the reservoir to function. Base (cushion) gas is the volume of gas needed as a permanent inventory to maintain adequate reservoir pressures and deliverability rates. For more information, visit the Energy Information Administration Web site at http://www.eia.doe.gov. 12 “U.S. Natural Gas Summary” (Energy Information Administration, Natural Gas Navigator), on the Internet at http://tonto.eia. doe.gov/dnav/ng/ng_sum_lsum_dcu_nus_m.htm (visited Apr. 11, 2008). 13 14 Ibid. “U.S. Total Stocks, 2002–2007” (Energy Information Administration, Petroleum Navigator), on the Internet at http://tonto.eia.doe. gov/dnav/pet/pet_stoc_typ_d_nus_SAE_mbbl_a.htm (visited Apr. 11, 2008). 15 “U.S. Coal Stocks, 2001–2007” (Energy Information Administration), table 29; on the Internet at http://www.eia.doe.gov/cneaf/ coal/quarterly/html/t29p01p1.html (visited Apr. 15, 2008). 16 17 18 The series identifier for electric power is WPU054. The series identifier for coal is WPU051. “Net Generation by Energy Source by Type of Producer” (Energy Information Administration, October 27, 2007), on the Internet at http://www.eia.doe.gov/cneaf/electricity/epa/epat1p1.html (visited Apr. 15, 2008). 19 20 Ibid. Patricia Miller, “The Big Chill” (USDA Rural Development), on the Internet at http://www.rurdev.usda.gov/rbs/pub/mar07/big. htm (visited May 21, 2008). 21 Susan Pollack and Agnes Perez, “Fruit and Tree Nuts Outlook, 2006/07 U.S. Citrus Crop Forecast Smaller Than A Season Ago” (USDA Economic Research Service, Report FTS-325), on the Internet at http://www.ers.usda.gov/publications/fts/2006/11Nov/FTS325. pdf (visited May 21, 2008). www.aia-aerospace.org/stats/yr_ender/yr_ender.cfm (visited July 2, 2008). Gary Lucier and Rachael Dettmann, “Vegetables and Melons Outlook, Domestic Use of Vegetables and Melons Rose in 2007” (USDA Economic Research Service, Report VGS-326), on the Internet at http://www.ers.usda.gov/Publications/VGS/ (visited May 21, 2008). 42 “Food and Drug Administration Amendments Act of 2007,” Public Law 110-85, on the Internet at http://frwebgate.access.gpo. gov/cgi-bin/getdoc.cgi?dbname=110_cong_public_laws&docid=f: publ085.110 (visited July 2, 2008). 22 23 24 Ibid. Gary Vocke and Edward Allen, “Wheat Outlook, 2007/08 Ending Stocks Down, Price Up” (USDA Economic Research Service, Report WHS-07k), on the Internet at http://usda.mannlib.cornell. edu/usda/ers/WHS//2000s/2007/WHS-12-13-2007.pdf (visited May 21, 2008). 25 26 Ibid. 27 U.S. Export Sales, Export Sales Weekly Historical Data, on the Internet at http://www.fas.usda.gov/export-sales/h107.htm (visited May 21, 2008). Jeff Cox, “Corn: The inflation crop” (CNNMoney.com, March 28, 2007), on the Internet at http://money.cnn.com/2007/03/27/news/ economy/corn_prices/index.htm (visited May 21, 2008). 28 29 Gerald A. Bange, “The Situation and Outlook for World Corn, Soybean, and Cotton Markets,” Presentation to National Grain and Oils Information Center, Beijing, China, July 2, 2007; on the Internet at http://www.usda.gov/oce/speeches/2007/GeraldBange-ChinaNGOIC2007.doc (visited May 21, 2008). 30 31 Ibid. Ibid. 32 Joel L. Greene, “Outlook for Livestock and Poultry.” Paper presented at the U.S. Department of Agriculture’s 2008 Agricultural Outlook Forum, Feb. 22, 2008; on the Internet at http://www.usda. gov/oce/forum/2008Speeches/Commodity/Livestock.pdf (visited May 21, 2008). 33 Ibid. “U.S. red meat and poultry forecasts” (World Agricultural Supply and Demand Estimates and Supporting Materials, U.S. Department of Agriculture), on the Internet at http://www.ers.usda. gov/Publications/LDP/2007/12Dec/ldpm162tables.pdf (visited May 21, 2008) 34 35 36 Ibid. Ibid. “ Too Much Pork; Too High Costs,” Weekly Outlook (Purdue University and University of Illinois at Urbana-Champaign, October 1, 2007), on the Internet at http://www.farmdoc.uiuc.edu/marketing/ weekly/pdf/100107.pdf (visited May 21, 2008). 37 “Canada Livestock and Products Annual 2007,” on the Internet at http://www.thepigsite.com/articles/7/markets-and-economics/2056/ canada-livestock-and-products-annual-2007 (visited May 21, 2008). 38 39 Fact Sheet: Economic Facts about U.S. Tobacco Use and Tobacco Production, (Centers for Disease Control and Prevention), on the Internet at http://www.cdc.gov/tobacco/data_statistics/Factsheets/economic_ facts.htm (visited May 21, 2008). 40 2007 Year-End Review and 2008 Forecast: An Analysis (Aerospace Industries Association, December 6, 2007), on the Internet at http:// 41 “2007 Another Record Year For General Aviation Manufacturers” (General Aviation Manufacturers Association), Feb. 12, 2008; on the Internet at http://www.gama.aero/mediaCenter/pr.php?id=161 (visited July 2, 2008). 43 Copper Facts, Copper in the Home (Copper Development Association), on the Internet at http://www.copper.org/education/c-facts/chome.html (visited May 21, 2008). Mineral Commodity Summaries (U.S. Geological Survey, January 2008), pp. 54–55. 44 45 China’s Copper and Aluminum Consumption Grows Strongly in 2007 (China Mining Association), Feb. 29, 2008; on the Internet at http:// www.chinamining.org/News/2008-02-29/1204270429d11500.html (visited March 5, 2008). 46 Mineral Commodity Summaries (U.S. Geological Survey, January 2008), pp. 22–23. 47 New Residential Construction in December 2007 (joint news release from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development) Jan. 17, 2008. “ World crude steel output increases by 7.5 percent in 2007”(International Iron and Steel Institute,Jan.23,2008);on the Internet at http://www. worldsteel.org/?action=newsdetail&id=228&latest=0&jaar=2008 (visited Jan. 24, 2008). 48 49 “Problems of Russian scrap export” (Rusmet.com), Feb. 18, 2008; on the Internet at http://rusmet.com/news.php?id=13026 (visited Feb. 18, 2008). 50 “India, China to drive demand for gold,” The Economic Times, Nov. 22, 2007; on the Internet at http://economictimes.indiatimes.com/ articleshow/msid-2561290,prtpage-1.cms (visited Jan. 23, 2008). 51 The Friday Report (Institute of Scrap Recycling Industries, Inc., Dec. 13, 2007), p. 4; on the Internet at http://www.isri.org/AM/ Template.cfm?Section=Home§ion=l_December7&template=/ CM/ContentDisplay.cfm&ContentFileID=6230 (visited Jan. 23, 2008). China 2007 economic report: National Bureau of Statistics official report 24 January 2008 (Chinability.com), on the Internet at http://www. chinability.com/2007%20economic%20report.htm (visited Jan. 24, 2008). 52 53 Crushed Stone and sand and gravel in the fourth quarter 2007, (U.S. Geological Survey, March 2008). 54 Cynthia Barnett, “Rock and a Hard Place” (Florida Trend.com), September 1, 2007; on the Internet at http://www.floridatrend.com/ print_article.asp?aID=47392 (visited July 21, 2008). Margaret Webb Pressler, “Card Companies are Filling Up at the Station,” The Washington Post, Sept. 25, 2005, p. F1, on the Internet at http:// www.washingtonpost.com/wp-dyn/content/article/2005/09/24/ AR2005092400255.html (visited May 23, 2008). 55 “U.S. Weekly Finished Motor Gasoline Product Supplied” (Energy Information Administration), on the Internet at http://tonto.eia. doe.gov/dnav/pet/hist/wgfupus24.htm (visited Jan. 16, 2008). 56 57 “U.S. Weekly Total Gasoline Ending Stocks” (Energy Information Administration), on the Internet at http://tonto.eia.doe.gov/ Monthly Labor Review • July 2008 17 PPI Highlights, 2007 dnav/pet/hist/wgtstus1w.htm (visited Jan. 16, 2008). “U.S. Weekly Finished Motor Gasoline Product Supplied” (Energy Information Administration), on the Internet at http://tonto.eia. doe.gov/dnav/pet/hist/wgfupus24.htm (visited Jan. 16, 2008). 58 59 “U.S. Weekly Total Gasoline Ending Stocks” (Energy Information Administration), on the Internet at http://tonto.eia.doe.gov/ dnav/pet/hist/wgtstus1w.htm (visited Jan. 16, 2008). The series identifier for the WPU0542. 60 PPI for commercial electric power is 61 U.S. Census Bureau, table 2, “Revised (Adjusted) Estimates of Monthly Sales, Inventories, and Inventory/Sales ratio of Merchant Wholesalers, except Manufacturers’ Sales Branches and Offices: 2007,” on the Internet at http://www2.census.gov/wholesale/ pdf/mwts/historic/new_benchmarks/2008_mwts_revised_sa_ salesinv_nomsbo.pdf (visited Apr. 1, 2008). “March 2007 Manufacturing ISM Report on Business” (Institute for Supply Management), on the Internet at http://www.ism.ws/about/MediaRoom/NewsReleaseDetail. cfm?ItemNumber=16263 (visited Apr. 1, 2008). 62 As measured by removals of inventory. Alcohol and Tobacco Tax Trade Bureau, Monthly Statistics; on the Internet at http://www.ttb. gov/alcohol/index.htm (visited Apr. 2, 2008). 63 18 Monthly Labor Review • July 2008 64 U.S. Census Bureau, table 2, “Revised (Adjusted) Estimates.” “NACS 2007 Gas Price Kit,” (Association for Convenience & Petroleum Retailing); for more information, visit NACS Online at http://www. nacsonline.com/NACS/Pages/default.aspx (visited July 2, 2008). 65 66 “Passenger Demand on the Rise, Cargo Sluggish” (International Air Transport Association), on the Internet at http://www.iata.org/ pressroom/facts_figures/traffic_results/2007-04-30-01 (visited Feb. 12, 2008). 67 The series identifier for the PPI for jet fuels is WPU057203. Kelly Yamanouchi, “Summer Air Travel May Get Bumpy,” Denver Post, Apr. 25, 2007, on the Internet at http://www.denverpost. com/business/ci_5742663 (visited Apr. 2, 2008). 68 “Economy Barely Budges in Fourth Quarter of 2007,” News and Observer, on the Internet at http://www.newsobserver.com/business/ story/973431.html (visited Apr. 28, 2008). 69 70 CMS Announces Payment Reforms for Inpatient Hospital Services in 2008 (Centers for Medicare and Medicaid Services Press Release), on the Internet at http://www.cms.hhs.gov/apps/media/press/release. asp?Counter=2335 (visited May 23, 2008). 71 CMS Announces Proposed Changes to Physician Fee Schedule Methodology (Centers for Medicare and Medicaid Services Press Release), on the Internet at http://www.cms.hhs.gov/apps/media/press/release. asp?Counter=1887 (visited Apr. 11, 2008). Price Measures of New Vehicles Price measures of new vehicles: a comparison The Consumer Price Index, the Producer Price Index, and the International Price Program all analyze price changes in new vehicles; however, these indexes’ movements are only weakly correlated because of methodological differences in sampling, pricing, the analysis of incentives, and other aspects of survey design Maria Bustinza Daniel Chow Thaddious Foster Tod Reese David Yochum Maria Bustinza, Thaddious Foster, Tod Reese, and David Yochum are economists in the Office of Prices and Living Conditions and Daniel Chow is an economist in the Office of Field Operations, Bureau of Labor Statistics. E-mail: chow.daniel@bls.gov, foster.thaddious@bls. gov, reese.tod@bls.gov, yochum.david@bls.gov T he automobile industry is a vital and dynamic component of the U.S. and global economies. Faced with competition spurred by technological advances and global demand, the industry has attracted significant attention from policymakers, the media, unions, and businesses in the last several years. In the United States, the automobile industry employed more than 1 million workers in 2006.1 U.S. production during this period was 11.4 million units,2 and U.S. consumers purchased 16.5 million cars and trucks. At the same time, foreign manufacturers with factories in the United States have significantly increased their presence in this country.3 In recent years, U.S. automakers have been facing restructuring, financial stresses, and competitive challenges to their traditional market shares. Furthermore, U.S. consumers, exposed to record high gasoline prices, are being offered a growing choice of hybrid-fueled vehicles. As the range of vehicle models, features, and options has grown, consumers have been gaining access to more and better information about these characteristics via the Internet. In this competitive market, price incentives offered by both domestic and foreign automakers to U.S. consumers have become the industry norm. The automobile industry presents many challenges to anyone trying to measure accurately the average price change of new ve- hicles. Over the years, the Bureau of Labor Statistics (BLS) has often been asked why its three programs that measure changes in new vehicle prices—the Producer Price Index (PPI), Consumer Price Index (CPI), and International Price Program (IPP)—have often trended differently despite the fact that they measure the same industry. This article explains the differences among the three programs’ methods of index calculation, analyzes these differences, and elucidates the implications of the new passenger car price indexes. Through detailed examples, the article conveys how sampling, pricing, consumer and dealer incentives, exchange rates, and model year changeover with quality adjustments are handled differently by each program. This article shows that the discrepancies among the indexes are largely the result of methodological differences among the programs; however, the article also emphasizes that these methodological differences have an economic basis and are usually a product of differences in the scope and measurement objective of each index. Overview of recent price trends Chart 1 offers a graphical overview of the Bureau’s new vehicle price index series from January 2000 to June 2007. Visual analysis of the chart reveals the striking variation in the behavior of these indexes. Specifically, the Monthly Labor Review • July 2008 19 Price Measures of New Vehicles Chart 1. BLS new vehicle indexes, not seasonally adjusted, January 2000–June 2007 [Rebased, Jan 2000 = 100] Index 108 106 104 PPI Passenger cars CPI New cars IPP Export Series Automobiles and other motor vehicles including minivans, 4-dr speciality vehicles IPP Import Series Motor vehicles designed to transport people 106 104 102 102 100 100 98 98 96 96 94 94 92 92 90 Jan Oct Oct Oct 2000 2001 2002 2003 NOTE: PPI data March 2007–June 2007 are preliminary. Oct chart shows that the two IPP series did not experience the same degree of annual price volatility as the PPI and CPI, and that the two IPP series increased during this period while the PPI and CPI slightly decreased. These variations are attributable to the different measurement objectives among the price indexes, to the different program methodologies, and to the prevailing economics of the new vehicles market during this period. The relative stability of the IPP new vehicle export and import series can be explained by the absence of rebates and incentives offered to consumers of new model vehicles. The IPP series strictly measure prices between overseas agents, domestic producers, and importers. These prices do not reflect the price decreases used for promotions by dealerships and, therefore, they produce relatively steady monthly changes. The PPI and CPI include rebates and incentives, along with the price increases that accompany the introduction of new model year vehicles towards the latter half of the year, and these contribute to more volatility from month to month. Comparing the PPI and CPI new-vehicle price indexes, the PPI series is more volatile than the CPI series because its sample transitions completely to the new year’s mod20 Index 108 Monthly Labor Review • July 2008 2004 Oct 2005 Oct 2006 Oct Jun 2007 90 els in October, typically resulting in a large, spiking price increase. The CPI’s transition to the newer models is done over a span of months, producing smoother increases in the index while the transition is occurring. The impact of the transition to the new models is less pronounced in the IPP series because it is not affected by changes in incentives and, as a result, does not exhibit the associated rise and fall of prices. The divergence in the long-term trends of the IPP indexes (which have increased) compared with the PPI and CPI (which have decreased) is also the result of the inclusion of incentives in the PPI and CPI. Because of the highly competitive nature of markets for new vehicles during the period of the study, the value of manufacturer-offered incentives hit record levels about a dozen times prior to leveling off in 2005. These attempts to appeal to the marketplace through lower prices mean that as the value of the incentives increased, the true prices of new vehicles fell, resulting in end-of-year prices that were lower than the previous year’s prices. Compounded, these decreases produced downward trends in the PPI and CPI, while the IPP indexes remained insulated from the competitive pricing seen at the manufacturer-to-dealer and the consumer levels. The types of vehicles included in the various measures, as well as the number of models tracked in the respective market segments, also contribute to the trend differences. The IPP Import Index includes a larger proportion of luxury vehicles and the IPP Export Index includes a larger proportion of sport utility vehicles (SUVs), both of which are relatively more expensive types and models of vehicles and contribute to the upward trends of those indexes. The balance of this article explains in more detail these differences among the new vehicle indexes. Methodological differences among the programs Differences in the types of prices that each program tries to measure contribute to a disparity in price index movement among the indexes. Chart 1 displays this disparity, showing that it is especially strong in the short run. The PPI measures the average change over time in the selling price received by domestic producers, the CPI measures changes in the estimated transaction price consumers pay to auto dealers, and the IPP measures changes in import and export prices paid at the U.S. border minus shipping and customs fees. Cars manufactured abroad but sold in the United States are in scope for the IPP Import Index and the CPI, but out of scope for the PPI. Cars manufactured and sold in the United States are in scope for the PPI and CPI, but not for the IPP. Cars manufactured in the U.S. and sold abroad are in scope for the PPI and the IPP Export Index, but not for the CPI. Before examining the movements of the new-car indexes, this article describes differences among them in sampling, pricing, treatment of model year changeover, quality adjustment, and price incentives. Such differences help explain the differences in the movements of the indexes and are referenced in the section that discusses index movements. A complete comparison of index methods for the three programs is shown in the appendix. The indexes chosen for this study were selected because the types of vehicles covered by each index are similar, although there are some differences. The PPI’s passenger cars index and CPI’s new cars index provide a similar comparison. The closest match in the IPP’s export series is Automobiles and other motor vehicles including minivans, 4-dr specialty vehicles. The IPP import series closest match is Motor vehicles designed to transport people.4 Although the IPP indexes include a wider variety of vehicles, all of these indexes include cars, and the PPI and CPI include cars exclusively. Therefore, this article refers to them as “car” indexes and not “vehicle” indexes. Sampling. The scope of the PPI includes automobile manufacturers with factories located in the United States. Every 5 years, the pool of available manufacturers is resampled, and BLS representatives visit the sampled companies to request their participation in the survey. All of the manufacturers’ domestically produced vehicles are in the sample universe. Vehicles with the highest revenue have a higher probability of selection using the probability-proportional-to-size sampling technique. Selection of the vehicle options is based on the percentage of customers selecting an option installed on the model, which is known as the penetration rate. The PPI sample is generally smaller than the CPI sample. The CPI new car pricing area universe is the entire urban United States. Its area sample consists of 87 geographic primary sampling units (PSUs), which are urban areas across the Nation. The Telephone Point-of-Purchase Survey asks households in each PSU about their new vehicle expenditures to establish which dealerships to visit for pricing. Selected dealers are visited by a BLS representative to disaggregate the universe of new cars5 sold to consumers on the basis of dollar volume sales in order to identify and choose cars for data collection from the sampled dealerships. Specifically, this is done by selecting a unique car make, followed by a model within that make, and lastly a unique trim level within the model. Given that car models tend to have various styles with different equipment, the trim level is used to distinguish among the available performance levels or equipment package options. For example the “EX” and “LX” are trim levels for a Honda Accord model. Once a trim level is selected, the dealer is asked to reference the invoice of the last car sold with that trim level in order to complete the vehicle description including options. The CPI sampling process usually yields three distinct vehicles with equipment options to price in each sampled dealership. In total, about 1,500 vehicles are priced at 500 dealerships; about half of the vehicles are cars. The sample of dealerships is replaced at the rate of 25 percent each year. The sample of exports for the IPP is derived from U.S. Census Bureau data from shippers’ export declarations, and the sample of imports is derived from consumption entry documents.6 The IPP employs the probability-proportional-to-size technique to determine which companies compose the sample. After companies are selected, the IPP chooses individual vehicles for pricing by disaggregating according to model, trim level, and options. Each vehicle stratum is sampled every 2 years on an ongoing basis. This ensures that the IPP’s sample captures current market trends. The IPP’s motor vehicle index is different from both the CPI’s and PPI’s motor vehicle inMonthly Labor Review • July 2008 21 Price Measures of New Vehicles dexes because it includes a broader category of vehicles.7 Comparison of the sampling methods reveals three distinctions. The first is the types of vehicles included in the samples. The CPI and PPI only include cars, whereas the IPP includes cars, minivans, sport utility vehicles, and trucks. The second involves manufacturing location; the CPI includes both U.S.- and foreign-produced cars, the PPI sample represents U.S.-produced cars, the IPP Export Index represents U.S.-produced cars, and the IPP Import Index represents foreign-produced cars. The third factor is the smaller sample sizes of the PPI and IPP compared with the CPI’s sample size. This is due to the extent of manufacturers’ participation, which determines for how many vehicles manufacturers will provide data and how often they provide those data. Pricing. The PPI measures prices received by manufacturers for the new cars they produce and sell. The price data are net prices, which are prices paid to the manufacturer inclusive of the manufacturer’s discounts to the buyer. The PPI national office collects prices from manufacturers via a monthly survey, and the prices reflect sales for the Tuesday of the week containing the 13th of the month. The type of price usually collected for the car index is a dealer net price (that is, what the dealer pays for the Table 1. vehicle). The dealer net price reflects sales from the manufacturer to the dealer and deducts rebates and low rate financing given by the manufacturer. If these incentives are only available in some regions or on some transactions, a national average value for all sales of that model is calculated. Price or discount information received after an index is first published is incorporated into the final index released four months after original publication. If discount information is not available before the index is calculated, then a first-published index is released based on all data available at the time. Table 1 provides an example of the types of prices and price adjustments applicable to each of the price indexes and shows how they are used to estimate reported prices. The CPI measures the price of a new car to the consumer at the retail level. Typically, new car prices are negotiated between the buyer and the dealer, so the CPI reflects the negotiated price by estimating a transaction price on the basis of recent sales including markups, rebates, and/or concessions. Also included in CPI pricing but not included in IPP and PPI pricing are charges for the new vehicle’s transportation to the dealer, dealer preparation of the vehicle, and sales taxes as shown in table 1. Prices in the CPI are collected bimonthly in most metropolitan areas. However, prices in New York, Los Angeles, New vehicle pricing comparison Prices and price adjustments PPI CPI IPP Export IPP Import Domestically produced cars Domestically and foreign-produced cars Cars, golf carts, SUVs, mobile homes, minivans Cars, golf carts, SUVs, mobile homes, minivans Reported price...................................................... $18,750 $21,550 Prices 1 Border price.................................................... () (1) Dealer net price............................................. 20,000 (1) Retail base price............................................ (1) 22,000 Transportation charge................................ (1) 800 Dealer preparation....................................... (1) 100 Optional equipment................................... 1,000 1,100 Subtotal................................................ 21,000 24,000 Price adjustments 2 2 Consumer rebate.......................................... (1,000) (1,000) 2 Low rate financing....................................... (500) (1) 2 Dealer rebate (750) (3) 2 Concession...................................................... (1) (2,000) Duty . ..........................................................… (1) (1) Taxes . ..........................................................… (1) 550 Freight.............................................................. (1) (1) 1 2 3 22 Not applicable. This figure is subtracted from the subtotal. Included in concession. Monthly Labor Review • July 2008 $20,600 $20,075 20,000 (1) (1) (1) (1) 1,000 21,000 20,000 (1) (1) (1) (1) 1,000 21,000 (1) (1) (1) (1) (1) (1) 2 (400) (1) (1) (1) (1) 2 (525) (1) 2 (400) and Chicago are obtained monthly. Price data collection occurs throughout the entire month and is done by BLS representatives assigned to various dealerships. Typically, three distinct cars are priced in a sampled dealership. If a particular model and trim level was not sold in the past 30 days, it is deemed temporarily unavailable for pricing. If at least one car of a particular model and trim level was sold, the estimated transaction price is based on sales of that car over the past 30 days; average markup, rebate, and/or concession are estimated. The CPI’s use of the 30-day pricing reference period and pricing throughout the month are techniques that may contribute to a lag in the reflection of price change that does not apply to the PPI and IPP, for which prices collected reflect one specific reference day. The concession is the negotiated segment of the consumer transaction price with the dealer; concessions are common, which means that consumers typically do not pay list price for a new car. Typically, list prices do not change from month to month. An example of the impact a concession has on a new car price in the CPI versus the impact it has on a new car price in the other car indexes is illustrated in table 1. Pricing starts with the retail base price and then adds transportation charges, options, and dealer preparation charges. Then the price is adjusted for additional markup and discounting due to concession and/or rebate. These markups, concessions, and rebates are all estimated on the basis of sales over the past 30 days for the model and trim level in question. Rebates and concessions are major contributors to the monthly CPI car price index movements. These two price discounts work hand-in-hand; if the rebate spikes up the concession may fall, and if the rebate is reduced, the concession may rise. This tends to offset the impact of new rebate offers. The International Price Program produces measures of price change for goods and services imported into the United States and exported from the United States. By conceptual definition, the IPP seeks to capture import prices at the port of entry and export prices at the port of exit. A variety of types of prices are eligible for inclusion, including intrafirm prices as well as trade between unrelated parties. These import and export price indexes are utilized to deflate various foreign statistics produced by the Census Bureau and the Bureau of Economic Analysis. In order to be compatible with these measures, IPP price data are adjusted for duty and freight costs. As illustrated in table 1, these adjustments are unique to these measures and are not used for the CPI or PPI price data. Another factor that applies to the IPP and not to the PPI or CPI is the use of exchange rates. Although the majority of manufacturers who trade overseas price their products in U.S. dollars, some traders price vehicles in local currencies. To convert foreign currencies to U.S. dollars, the IPP receives exchange rate conversion factors for the major foreign currencies from the University of British Columbia Pacific Exchange Rate Service each month. Although exchange rates fluctuate over the course of the month, the IPP uses the average monthly exchange rates from this source. The IPP national office collects prices monthly directly from U.S. international traders and manufacturers. Data used in these indexes are collected via mailed forms or via the Internet. The reference date for data used in IPP indexes is the first day of each month. The IPP revises its data 4 months after the initial release in order to account for data that were not collected in time for index calculation but have since been collected. Although the IPP collects prices on the first day of each month, late data that arrive within the 4 month time frame are used in calculating revised measures. Table 1 shows that the CPI and PPI prices are subject to more adjustments than are the IPP indexes, which helps to explain the differences in volatility and long-term trends among the indexes described in the earlier discussion of chart 1. Model year changeover and adjusting for quality change. The CPI and PPI programs both began making price adjustments to account for quality changes in new vehicles with the introduction of the new vehicle models in 1966 (1967 models). Every year, typically in late summer and early fall, automobile and truck manufacturers introduce updated models to the market. In most cases, the new cars are similar enough to the previous models that the prices of both models can be compared with each other without the application of an adjustment. However, if a manufacturer significantly changes the quality or functionality of a new car, BLS applies an adjustment to factor out the price change associated with the change in quality.8 The three BLS price programs use information gathered directly from car manufacturers and secondary sources to estimate the values for quality change adjustments. Each program follows the same basic guidelines for new model introduction; however, there are a few differences in how certain quality changes are handled. BLS places new car quality characteristics into five categories. All three programs make adjustments for the changes in each of the categories, with one exception noted in the second category. The first category includes changes in the safety of a car that are either federally mandated or proven to be effective. These include airbags, seatbelts, brake systems, Monthly Labor Review • July 2008 23 Price Measures of New Vehicles seat designs, back-up alerts, and crumple/crash zones. The second category covers mandated changes that affect the healthfulness of the outside environment, such as emissions improvements as legislated by State governments or the Federal government. In this category, there is one notable difference among the programs—the treatment of mandated pollution control measures by the CPI. Whereas the PPI and IPP make quality adjustments for changes arising from air-pollution mandates, beginning in 1999 the CPI stopped making such adjustments. The basis for the decision was that price changes that derive from mandated product changes and that affect only public goods, like air quality, are essentially taxes levied on the purchasers of new cars and should be reflected as price increases in the index. This is consistent with the CPI’s practice of including changes in taxes when they affect the prices paid by consumers for market goods.9 The third category pertains to changes made to mechanical or electrical features. This category includes changes in steering, braking, engine efficiency, and transmission systems, among others. The fourth category includes changes in design or materials that affect the durability or strength of an item. Examples include the switch to halogen headlamps, to platinum tipped spark plugs, and to flexible body panels. The final category encompasses changes that affect comfort or convenience. These upgrades include redesigned seat belts, remote door locks, navigation systems, and flexible body panels, as well as changes in storage capacity. BLS does not make quality adjustments for style changes, such as pin striping or leather-wrapped steering wheels. Adjustments also are not made for manufacturer quality claims that are improvements of failed or defective components. The quality adjustment values provided by the manufacturers are based on resource costs. BLS defines resource costs as all direct and indirect costs, including research and development, incurred in the manufacture or purchase of components and the assembly and installation associated with an equipment change, including the manufacturer’s mark-up. Resource cost factors into both the PPI and IPP. For the CPI, this value is marked up to the retail price level. In general, a quality change tends to be a small portion of the entire new vehicle price. Based on the model year changeovers from 2000 to 2007, the yearly average per-car retail quality adjustment ranged from $25 to $310, with an average of $125. Chart 1 illustrates that October is typically the 24 Monthly Labor Review • July 2008 month when the PPI and the IPP export samples switch completely to the new model year and in which the quality adjustments are applied.10 Note that the IPP introduces the majority of the new model year export vehicles into the Export Index in October. In some cases, however, new model introduction occurs when more than half of the cars sold are the new model. Import vehicles are introduced when more than half of the cars imported are the new model. The introduction period for IPP import vehicles is typically August through November. The similar average October increase between the Import and Export indexes is purely coincidental given the typical 2-month interval between the times when new vehicles are introduced in each respective index. The CPI always introduces new models into the index when more than half of the cars sold are the new model. The introduction period for the CPI is typically from September in the current year to February the following year. Although the three price programs employ different methodologies for introducing new vehicle models into the index, new model introduction generally results in price increases for each program. The following table illustrates 1-month percent changes from September to October for the PPI, CPI, and IPP indexes. The PPI shows much larger percentage increases each October than do the CPI and the IPP indexes. The PPI showed an average October increase of 5.6 percent from 2000 to 2006. Year Average.............. 2000................ 2001 .............. 2002 .............. 2003 .............. 2004 .............. 2005 .............. 2006 .............. PPI CPI 5.6 6.1 1.4 9.0 8.4 6.6 3.0 3.5 0.5 -.3 .6 .9 .4 1.1 1.5 .6 IPP Export 0.4 .2 .3 1.0 .4 .2 .3 .3 IPP Import 0.4 .4 .4 .7 .9 .1 .2 .4 During the years listed in the table, the increases in the PPI ranged from 1.4 percent in 2001 to 9.0 percent in 2002. The CPI increased an average of 0.5 percent. During the study period, both IPP export and import motor vehicles increased 0.4 percent on average. The larger magnitude of the PPI October increases is due to the complete model year changeover to new models with few or no incentives. For the CPI, the sample of cars priced in October is a mix of current and newer model years. For example, in 2006, the CPI car sample mix was 42 percent 2007 models and 58 percent 2006 models. The newer model year cars reflect price increases, whereas the older models reflect price decreases caused by discounting to clear out the older models. The only exception to the October increases from 2000 through 2006 was the slight 0.3-percent decline in the CPI in October 2000, which reflected how the CPI prices a larger portion of the older models during October, a month known for heavy discounts. The 1month percent changes for a program may be larger in one year than the next year because of an array of issues. However, the differences among the programs in a given year are primarily due to each program applying quality adjustments at its own time. Incentives. Understanding the use of incentives in the passenger cars indexes is important because incentives are responsible for most of the monthly changes in price other than model year change. Incentives are tracked by the CPI and PPI but not by the IPP, thus contributing to the differences in the long-term trends seen in chart 1. In the context of this article, incentives are programs offered by the car manufacturers to stimulate sales. The three most common programs are consumer rebates, dealer rebates, and low interest rate financing. Some manufacturers also provide additional rebates for specific customer segments such as first-time buyers, students, and the military. Consumer rebates are provided by manufacturers as an incentive directly to the customer at the point of sale to reduce the net price of the car. Consumers normally elect to credit this consumer cash rebate as a down payment against the new car’s purchase price. Manufacturers may also provide cash incentives directly to dealers, known as dealer rebates. The dealers may or may not choose to pass some part of this rebate on to their customers. There are many instances in which customers are allowed to choose either a cash rebate or a low interest financing offer. In still other cases, customers may benefit from both the cash rebate and the low interest financing offer in combination. It is important to note that the low interest rate financing quoted in the offer is normally based on the top customer credit tier, and as a result not all consumers are eligible for this best rate. The PPI includes consumer rebates and dealer cash rebates as well as low interest financing offered by manufacturers. Ideally, the PPI would include only the incentives in effect on the pricing date. However, some data may only be available as monthly averages for each vehicle line. Manufacturers provide the PPI program with information on their cost of providing low interest financing loans, the value of cash rebates, and the acceptance rate for the incentives. In cases when incentives are offered on only some vehicles for sale, such as when regional incentives or programs allowing the customer to choose either low interest rate financing or a cash rebate are offered, the PPI program calculates a national average value for the incentives on the vehicle in question. The CPI includes an estimated average of the consumer rebates available over the past 30 days for each model in the sample. An estimated average is used because rebate amounts may vary over the collection period and different types of rebates may be offered, such as those for the military or recent graduates. Beginning in January 1999, the CPI stopped measuring finance charges on vehicle loans. This change was made on conceptual grounds.11 The CPI is the ratio of the cost of a set of items in one period to its cost in another period. Financing the consumption of an item indicates the purchaser has decided to consume that good today by forgoing the consumption of other goods in the future. This “price” the consumer pays in order to choose current consumption over future consumption is the interest rate on the loan. Forgoing future consumption in exchange for consumption today causes the financed good to become, in a sense, a financial debt or liability. However, the CPI is principally focused on estimating actual consumption at retail prices in the most current period only; this gives a clearer picture of the cash-value prices consumers would pay at the retail outlet.12 Financing motor vehicles is arguably different from other forms of retail financing because vehicle financing terms can influence negotiations over the final purchase price. On rare occasions a dealer will offer “special financing” terms without explicitly offering a reduced price alternative. In these cases dealers would presumably be willing to negotiate an equivalent price concession to purchasers who either do not select or do not qualify for the financing deal. The CPI respondents are asked to provide an estimate of this concession. The IPP does not include incentives in its index calculation. The primary reason is that companies providing vehicle price data to the IPP are principally multinational companies that trade from one subsidiary to another. For example, a sedan may be produced in Japan by a Japanese manufacturer and then traded to a subsidiary in the United States. In this case, it is more cost effective for one subsidiary simply to adjust prices rather than offer incentives, which are much more costly to implement. Whether incentives are included in the prices used by the price indexes is ultimately a question of scope. The PPI reflects consumer rebates, dealer rebates, and low inMonthly Labor Review • July 2008 25 Price Measures of New Vehicles terest rate financing because these incentives affect the prices producers receive for their vehicles. The CPI does not directly reflect low interest rate financing, but it does include an average of consumer rebates and dealer rebates in the negotiated price because these incentives directly affect the prices consumers pay for an automobile. The IPP does not include any incentives because they are not a factor in the derivation of prices paid at the border for imports and exports. Index comparisons This section examines historical index data from 2000 to 2007 to reveal trends and statistical relationships in the BLS new passenger car indexes. To measure how the programs’ indexes diverge from or track each other, the indexes are analyzed using three approaches. The first approach is a graphical treatment describing the movements and trends across each program. The second approach uses qualitative explanations highlighting key methodological issues, industry events, and shifts in consumer demand, rebates, or dealer incentives. The third approach is a comparison of correlations between the data series. Index trend analysis. As seen in chart 1, the PPI trended downward from 2000 to 2007, while the CPI trended downward from 2000 through mid-2003 and then began an upward trend. The PPI is characterized by relatively sharp monthly movements. There are visible short-term co-movements in both series; in fact, the evidence indicates that the two series also trend together in the long run but are weakly correlated. Chart 2, which presents the 1-month percent changes in the new cars indexes from February 2000 to June 2007, more clearly shows the sharper PPI movements compared with the movements of the other data series. The PPI spikes coincide with model changeover each October. This is followed by sharp drops each November representing the resumption of incentives offered from manufacturers to dealers. Unlike the PPI, the CPI monthly percentage movements generally stay within the 1-percent range. Furthermore, the CPI October percentage increases tend to lag behind the PPI increases in time because of the CPI’s gradual phase-in of new model introductions with less generous incentives and rebates. As shown in chart 1, the long-term trends of the IPP export and import vehicle series diverge from the PPI and CPI series during the sample period. The CPI and PPI trend downward, whereas the IPP indexes exhibit upward trends. These divergences can be partially attributed to dif26 Monthly Labor Review • July 2008 ferences in the product compositions among the indexes. The IPP Import Index is composed of a higher proportion of luxury vehicles in comparison with the CPI and PPI new vehicle indexes. Recent trends indicate that import nameplate manufacturers (foreign firms producing in the United States) prefer to build lower cost vehicles in the United States and import luxury vehicles from overseas. The sales of higher priced vehicles in this market segment have grown each year since 2000. This demand level appears to be less elastic and has allowed import manufacturers to regularly raise prices on most import models in this class of vehicle. In an analogous trend, a noteworthy factor affecting export price movement during this period has been strong demand in foreign markets for domestically produced sport utility vehicles. Domestic SUV production and sales to both domestic and international customers have risen steadily from 2000 to 2007 and contributed to the longterm rise in the export price index. Also contributing to the differences in long-term trends between the IPP indexes and the PPI and CPI is inclusion of incentives in the PPI and CPI but not in the IPP. As mentioned in the “Overview of recent price trends” section, the highly competitive nature of markets for new vehicles during the period of the study has resulted in substantial incentives being offered at the manufacturerto-dealer and the consumer levels, and these incentives are reflected in the PPI and CPI indexes. The IPP index, in contrast, does not include incentives, because companies providing vehicle price data to the IPP are principally multinational companies that trade from one subsidiary to another. Chart 2 illustrates that in the short term the IPP import and export indexes often exhibit differing index movements. These short-term differences can be partially attributed to differences in how new models are introduced into the import and export indexes. For the Import Index, few new vehicles are introduced over a longer period of time, resulting in modest index changes during new model introduction. In contrast, for the Export Index, 100 percent of new model introduction occurs in October. This produces generally smaller increases in the Import Index and less frequent but larger increases in the Export Index. Qualitative analysis. In 2001, the September 11 terrorist attacks on the United States and start of the war in Afghanistan affected the PPI. The typical October spike for the PPI was nearly absent due to extensive special low finance deals intended to offset slumping sales over this Chart 2. Events occuring among 1-month percent changes for new vehicles indexes, February 2000–June 2007 [Rebased, January 2000 = 0] Index 8.0 PPI CPI IPP Exports IPP Imports Index 8.0 7.0 7.0 6.0 6.0 Impact of 9/11, Afghanistan war begins 5.0 4.0 Iraq war begins March 2003 5.0 4.0 3.0 3.0 2.0 2.0 1.0 1.0 0.0 0.0 –1.0 –1.0 –2.0 Record incentives July 2004 –3.0 –4.0 Employee discounts June 2005 Feb 2000 Oct Feb 2001 Oct Feb 2002 Oct Feb 2003 Oct Feb 2004 period. The CPI, by contrast, which does not reflect low finance incentives, registered a relatively normal increase for the new 2002 models. The IPP also increased slightly because of the introduction of new models. The PPI’s large October 2002 spike occurred as automakers sought to return to aggressive model year switchovers, after a relatively weak previous year, by raising 2003 model prices and offering fewer incentives compared with the summer months. This was followed in November by a sharp price decline of 2.6 percent in the PPI, whereas the CPI moved up to its November peak. Both the IPP Import Index and the IPP Export Index rose nearly 1 percent in October 2002, reflecting the new model switchovers, but the imports series moved slightly higher at this time. This reflected an increase of approximately 0.5 percent by the Euro versus the dollar. The March 2003 spikes in the PPI and CPI were attributed to the start of the Iraq war, and they reflected economic uncertainty among manufacturers, dealers, and consumers. In April of that year, the PPI fell as incentives were reinstated. Car importers and exporters kept prices stable because their shipments were not affected. In April 2004, the IPP Export Index exhibited its largest upward movement of the year, reflecting vehicle exporters’ Oct Feb 2005 –2.0 Value pricing August 2005 Oct Feb 2006 –3.0 Oct Feb Jun 2007 –4.0 general ability to raise prices during the year for current models. Record incentives were introduced in July 2004, causing both the PPI and CPI to decline substantially. This record incentives level was exceeded in September. Automakers, however, were able to quickly cut incentives and raise prices on new models between September and October 2004, resulting in the PPI’s highest level since January 2000. (See chart 1.) In January 2005, the PPI rose to an even higher level as manufacturers again raised prices and cut incentives. In 2005, employee discounts were offered to all consumers. These discounts were later replaced with “value pricing”13 as another means to attract consumers. As a result automakers were able to clear out the 2005 model year cars, and this in turn contributed to the drop in the CPI prior to the model year changeover. Later in 2005, automakers chose to move up some model year introductions from October to September. These early model year introductions caused both the CPI and PPI to increase in September. The following October, however, the normally large PPI spike was diminished because of the shift in introduction month. During 2006 and 2007, the new car market continued to be very price competitive. Demand for fuel-efficient cars was strong because gasoline prices remained high. The generMonthly Labor Review • July 2008 27 Price Measures of New Vehicles ally unchanging trend of the CPI appeared to hold. The July 2006 PPI decline was due to summer low interest financing promotions, which the CPI does not reflect. In September 2006, the PPI posted an upward movement attributed to a drop in incentives unusual for that time of the year. The following October, the PPI experienced greater-than-normal incentives offered by manufacturers to dealers on new 2007 models, moderating the expected October spike. Correlation analysis. Previous discussions and graphical analyses indicate that there are substantial differences among the methodologies and also among the movements of the new vehicle price indexes. These differences are primarily the result of each program’s unique measurement objective. In spite of these methodological differences, graphical analysis indicates that the new vehicle indexes often exhibit similar movements. Correlation analysis can be used to determine the degrees of similarity or difference between the new car indexes. If strong positive correlations exist, then the indexes reflect common industry dynamics despite their unique methodologies. Weak or non-existent correlations would be evidence that the differing index methods result in largely dissimilar data movements. It is possible for correlations to be spurious or coincidental, however. Strong correlations that persist for long periods are more strongly indicative of a true relationship than are weaker correlations. The table below presents correlations between the 1month percent changes of the PPI, CPI, and IPP indexes calculated using data from January 2000 to June 2007, not seasonally adjusted. Statistically, the relationships between the PPI, CPI, and IPP indexes do not appear to be strong. The correlation coefficient for the PPI and CPI is about 0.38, which is less than the correlation between the PPI and the IPP Export Index (0.44) and also less than the correlation between the PPI and the IPP Import Index (0.49). The correlation coefficients between the CPI and IPP are the weakest. This indicates that the CPI and IPP series diverge more in their monthly movements than do the PPI and IPP series, which often use similar data. Index PPI CPI PPI................. CPI. ............... IPP Export..... IPP Import..... 28 1 … .379 .439 .487 … 1 .221 .053 Monthly Labor Review • July 2008 IPP Export … … 1 .442 IPP Import 1 … … To further detect whether strong relationships exist among the series, the indexes were seasonally adjusted to remove regularly occurring cycles throughout the year that might obscure the relationships between the indexes.14 When correlations of the 1-month percent changes from the resulting seasonally adjusted indexes are compared—as illustrated in the following table—the correlations among the series are weak. For example, the PPI–CPI correlation falls from 0.38 to 0.08, and the relatively weak 0.49 correlation between the PPI and IPP Import Index drops by more than half to 0.22 after seasonal adjustment. Evidenced by the larger values in the previous table, it is clear that cyclical movements, such as the regular October model year changeovers, account for much of the correlations in the not seasonally adjusted data. In summary, the correlations provide statistical evidence that significant data divergences exist among the car indexes but that the indexes share some common features. Index PPI CPI PPI................. CPI. ............... IPP Export..... IPP Import..... 1 … .083 .165 .22 … 1 .082 –.136 IPP Export … … 1 .25 IPP Import 1 … … THE THREE BLS PRICE PROGRAMS—the PPI, CPI, and IPP—all publish price indexes for new cars. It is often assumed that these indexes trend similarly, but this article has shown that this assumption is not accurate. A graphical comparison of the indexes shows differences in both month-to-month volatility and in long-term trends for the 2000 to 2007 period. The article explains these graphical differences by outlining the differences in scope and measurement objectives among the indexes. Where these differences in scope translate into methodological differences, the article discusses how the differing methods in areas such as sampling, data collection, the treatment of rebates and incentives, and adjusting for quality change may produce indexes that differ greatly in both the short and the long term. Major economic and political events are cited and their impact on the indexes is discussed. Finally, correlation analysis is employed in order to show that the correlations between all pairs of indexes are weak. Notes 1 This study uses the automobile manufacturing industry classifications 3361, 2, and 3 from the North American Industrial Classification System. For employment data in this industry, see Current Employment Statistics, U.S., all employees, on the Internet at http://data.bls. gov/cgi-bin/srgate (visited July 22, 2008). To retrieve the data, type the code CEU3133600101 into the series id(s) box. See www.census.gov/mtis/www/mtis.html (visited June 10, 2008). 2 3 For the purpose of this article, import vehicles are those that are built outside U.S. borders. Codes for the four indexes are: PPI Passenger cars (Commodity code 1411031), CPI New cars (SS45011, CPI-U, U.S. city average), IPP Export Series, Automobiles and other motor vehicles including minivans, 4-dr specialty vehicles (HICP code 8703), and IPP Import Series Motor vehicles designed to transport people (HICP code 8703). 4 The CPI includes new motorcycles, though they represent a minor weight. 5 The IPP employs the Harmonized Classification System (by industry); BEA Classification (by end use); and the NAICS System (by industry). For more information, see the BLS Handbook of Methods, chapter 15, on the Internet at www.bls.gov/opub/hom/homch15_a.htm (visited July 15, 2008). 6 7 The IPP universe of vehicles includes automobiles, SUVs, golf carts, all terrain vehicles (ATVs), and motor homes. The IPP vehicle sample, like the PPI sample, utilizes the probability-proportional-to-size sampling technique. 8 The three price programs follow the BLS procedures called “Guide- lines for Quality Adjustment of New Vehicle Prices,” on the Internet at www.bls.gov/cpi/cpiautoqaguide.pdf (visited July 15, 2008). See Dennis Fixler, “Treatment of Mandated Pollution Control Measures in the CPI,” CPI Detailed Report (Bureau of Labor Statistics, Sept. 1998). 9 In instances when new model introduction does not occur in October, each price index will include the new model vehicle when data is received from the manufacturer. This is commonly referred to as a mid-model year launch. 10 “Changing the Item Structure of the Consumer Price Index,” Oct. 16, 2001, on the Internet at www.bls.gov/cpi/cpiwl001.htm (visited June 10, 2008). 11 Examples for which the CPI normally does not seek to measure interest payments include houses, items whose prices are based on layaway plans, or any other financial transaction or instrument. 12 13 A pricing discount is provided by the manufacturer and lowers the listed sticker prices; these are often offset by a reduction in dealerto-consumer incentives. 14 BLS publishes seasonally adjusted indexes for the PPI and CPI vehicles series cited here but does not produce seasonally adjusted estimates for the corresponding IPP indexes. Published seasonally adjusted data from the PPI and CPI are estimated using the Census Bureau’s X-12-ARIMA method. The seasonal data are subject to strict production requirements and are revised over several years. Thus, a simplified seasonal adjustment analysis was applied in this study to compare all four series. For more information on seasonal adjustment in BLS, see http://stats.bls.gov/cpi/cpisameth.htm (visited June 10, 2008). Monthly Labor Review • July 2008 29 Price Measures of New Vehicles Appendix: Detailed comparison of the PPI, CPI, and IPP Consumer Price Index (CPI) Product objective Measure changes in producer selling prices. Measure changes in consumer prices. Measure changes in import and export prices. Product coverage Passenger cars and light trucks (14,000 lbs. or less) produced in the United States New passenger cars and light trucks purchased by consumers for personal use. Included are both domestic and import manufacturers. The number of vehicles in the sample fluctuates. In December 2006 the sample included 539 dealerships pricing 762 cars and 729 trucks. Harmonized 8703–automobiles, SUVs, golf carts, and ATVs, both diesel and gasoline. Classification system(s) Industry-based indexes are classified according to the North American Industry Classification System (NAICS). Commodity-based indexes are classified according to an internal BLS system. Internal BLS system Samples are based on the Harmonized System (HS). Indexes are published on the basis of HS, Bureau of Economic Analysis (BEA) End Use, and North American Industry Classification System (NAICS). Calculation Modified Laspeyres formula Hybrid Index—Laspeyres and Geo- Modified Laspeyres formula metric Means Sampling frequency Every 5 years Outlet sample is updated every year by 20–25% Every 2 years Sample universe All motor vehicle producers with manufacturing plants in the United States All new vehicles sold in the U.S. for personal use. The geographic areas for sampling are 87 primary sample units (PSUs). Vehicle importers and exporters (primarily marketing units and manufacturers) Includes vehicles manufactured outside the U.S. No Yes, if sold in the United States Import index: yes. Export index: yes given item clears U.S. customs first. Weighting Index divided into cells using census value of shipment data for each cell. Within cells, vehicles are weighted by manufacturer. Reflects expenditures reported by households for the Consumer Expenditure Survey for the years 1993–1995. A 2-year rotation beginning in 2002. New vehicle weight in CPI is 4.983%. Based on trade dollar values provided by U.S. Customs (imports) and U.S. Census Bureau (exports) Vehicle discontinued Vehicles are not substituted midsample unless they are discontinued. Vehicles are not substituted unless they are no longer available for sale. Vehicles are not substituted midsample unless they are discontinued or phased out. Transitioning to a new model year Transition to the new model year starts when the new vehicles are first shipped to dealers. This usually occurs in October. The transition occurs when the new model year vehicle’s dollar volume sales exceed those of the old model year for the tracked vehicle. This is determined separately for each vehicle at each dealer. This roll-over usually starts in September and can last 4 to 6 months. For exports, the transition occurs in October in some cases or when new models exceed 50 percent of models exported in the remainder of cases. For imports, transition occurs when over 50% of the vehicles are new. OVERVIEW SAMPLE 30 International Price Program (IPP) Producer Price Index (PPI) Category Monthly Labor Review • July 2008 Consumer Price Index (CPI) Producer Price Index (PPI) Category International Price Program (IPP) Net price that dealers pay to motor vehicle manufacturers. Net price reported does not include discounts or holdback (manufacturer’s payment to assist with dealer financing). Discounts are reported separately. Price consumers pay to dealers. The For imports and exports: net reported price is estimated based prices paid at the border on sales over the past 30 days. The reported price includes: base price, transportation charge, dealer preparation charges, options, markup, concession (haggling), rebate, nonsales taxes (e.g. luxury taxes) and sales tax. Discounts applied in index Yes. Dealer and customer incentives, including cash rebates and financing incentives that are paid by the manufacturer Yes. Includes estimated averages for concessions and consumer and dealer rebates based on sales for the model in question over the past 30 days. CPI has not included special financing rates since 1998. No Taxes No Yes No Pricing frequency Price used in index is the price on one specific day in the middle of the month (the Tuesday of the week containing the 13th). Prices are collected throughout the First day of each month. entire month. Prices are collected bimonthly in the majority of PSUs and monthly in New York, Los Angeles and Chicago. Quality adjustment data used Change in production cost (direct and indirect costs plus manufacturer’s mark-up) due to change in quality. Same as retail. Quality adjustment formula New base price = (new price × old base price) ÷ (new price – value of quality adjustment) Quality adjusted price = old price × quality adjustment factor ÷ (1 – quality adjustment factor) QUALITY ADJUSTMENT PROCESS PRICES Type of price collected PPI, plus markup to Same as PPI Same as PPI Procedure used when Link using net prices so the index a tracked vehicle is shows no change. discontinued, and no comparable vehicle is available If it is an uncomparable model year Same as PPI changeover, the quote weight is imputed by the price change of other model year changeover quotes in the geographic area in question. Obtaining quality adjustment data Detailed QA data is obtained directly from the manufacturers for every vehicle in the sample and applied directly to each vehicle. PPI detailed QA information used as proxies are applied. Research and secondary sources are also used to estimate other QA changes not captured in the PPI data. Same as PPI Quality adjust for emissions Yes No, since January 1999. Yes Monthly Labor Review • July 2008 31 Price Measures of New Vehicles International Price Program (IPP) Types of indexes published Indexes by industry and by commodity. The motor vehicle index includes indexes for passenger cars, light trucks (14,000 lbs. or less), motorcycles, and heavy trucks. New Vehicle Index New Cars and Trucks Index New Cars Index New Trucks Index BEA Prices not reported by deadline Prices not reported are estimated by cell relatives; that is, their movement is estimated to be the same as that of the weighted average of all valid prices in the cell. The quote weight is imputed by the price change of the other new vehicle quotes in the same geographic area. Same as PPI Revision period Final index is published 4 months after first published index None. Indexes are final when pub- Final index is published 3 months lished. after the first published index. Regional data published No Yes, by region and city No Seasonally adjusted data published Yes Yes No INDEX 32 Consumer Price Index (CPI) Producer Price Index (PPI) Category Monthly Labor Review • July 2008 auto includes: autos, SUVs, golfcarts. BEA trucks include: light and heavy duty. Hedonic Model for Internet Access A hedonic model for Internet access service in the Consumer Price Index A hedonic model is presented for use in making direct quality adjustments to prices for Internet access service collected for the Consumer Price Index; the Box-Cox methodology for functional form selection improves the specification of the model Brendan Williams Brendan Williams is an economist in the Transportation and Household Commodities Section, Office of Prices and Living Conditions, Bureau of Labor Statistics. E-mail: williams. brendan@bls.gov T he practice of making hedonic-based price adjustments to remove the effects of quality changes in goods and services that enter into the calculation of the U.S. Consumer Price Index (CPI) has to date focused primarily on indexes for consumer electronics, appliances, housing, and apparel. In an effort to expand the use of hedonic adjustments to a service-oriented area of the CPI, this article investigates the development and application of a hedonic regression model for making direct price adjustments for quality change in the index for Internet access services (known as “Internet services and electronic information providers,” item index SEEE03). The analysis presented builds on past research in hedonics and makes use of a Box-Cox regression to select a functional form that allows for better estimation than that produced by standard functional forms. Experimental1 price indexes are constructed with hedonic regression coefficients to make direct adjustments to CPI price quotes in order to account for changes in characteristics of Internet service access, such as improved bandwidth and length of service contract. These experimental indexes are compared with the official index for Internet access service to measure the impact of hedonic-based quality adjustments on the CPI index SEEE03. The Internet access industry The first commercial services allowing users to access content with their personal computers by connecting to interhousehold networks appeared in 1979 with the debut of CompuServe and The Source, an online service provider bought by Reader’s Digest soon after the service was launched. The same year also marked the beginning of Usenet, a newsgroup and messaging network. Early online services proliferated during the 1980s, and each allowed users to access a limited network, but not the Internet. The U.S. Government’s ARPANET is commonly cited as the beginning of what we now know as the Internet. The project that developed ARPANET started in the 1960s and provided much of the technological and physical infrastructure for the early Internet. In 1990, ARPANET shut down, and a National Science Foundation network took over where it left off. Taking the final steps to create the Internet, the National Science Foundation expanded the network to commercial traffic and privatized the Internet backbone in the 1990s. The early Internet lacked a convenient interface. In 1990, researchers at the European Organization for Nuclear Research (Conseil Monthly Labor Review • July 2008 33 Hedonic Model for Internet Access Européen pour la Recherche Nucléaire, or CERN) developed the World Wide Web, a hypertext-based graphical interface. The World Wide Web provided an easy way to display and organize information that resided on the Internet. With the 1993 introduction of Mosaic, the first popular Web browser, the Internet went mainstream. Many online service providers began including Internet access with their services, and Americans rapidly signed on for such access, mostly through dial-up connections. In the late 1990s, Internet service providers began to offer high-speed cable and digital subscriber line (DSL) Internet access to consumers. Cable had a significant market share advantage at first, but, according to a May 2006 report by Pew/Internet, DSL has become the broadband access method of choice, with about 50 percent of the broadband market, compared with 41 percent for cable.2 The same report states that 73 percent of Americans have Internet access in their homes and 42 percent of Americans have broadband Internet access. Prior hedonic studies of Internet access Several researchers have developed hedonic models for Internet access. Generally, these models either were focused on dial-up access or were based on a data set that consisted largely of observations on dial-up access. Greg Stranger and Shane Greenstein showed that a hedonic price index for Internet access from November 1993 to January 1999 declines much more than an index that does not account for quality change.3 Stranger and Greenstein constructed a model with dummy variables for time-limited monthly access, several different levels of hourly limits, different types of speed and forms of access, and each period. Following the time dummy hedonic index method, the coefficients on the time dummy variables are interpreted to represent the quality-adjusted price change. Stranger and Greenstein’s hedonic price index covers a timeframe that is too early to include any of the usual forms of consumer broadband access, such as cable or DSL. The closest they come is 1 year of data on T1 access, a technology used predominantly by businesses. Stranger and Greenstein also have data on 64-kbs and 128-kbs Integrated Services Digital Network (ISDN) lines that, while faster than dial-up, do not qualify as broadband. A paper by Kam Yu and Marc Prud’homme similar to Stranger and Greenstein’s produced a hedonic index for Internet access in Canada.4 The model included variables for speed, dedicated lines, hourly limits, 24-hour technical support, roaming hours, prepaid bulk hours, number of free offpeak hours, number of e-mail addresses, amount of Web storage, and installation fees. Yu’ and Prud’homme’s index pooled 34 Monthly Labor Review • July 2008 all available types of Internet access, but even in 2000, the last year of the sample, the index was composed primarily of observations for dial-up access. Although the authors utilized time dummy variables, they did not make a straight time dummy index; rather, they used the coefficients from these variables to adjust prices and then computed indexes with the use of the adjusted prices. Like Stranger and Greenstein, Yu and Prud’homme found that the hedonic index decreased faster than nonhedonic indexes; however, Stranger and Greenstein did not use a matched model, whereas Yu and Prud’homme constructed a matched model with few matches, which they acknowledged likely biased their index.5 Despite the methodological differences between the two papers, both showed that quality-adjusted price indexes for Internet services exhibit larger price declines than those of unadjusted indexes. Past recommendations for the BLS The BLS added an elementary price index for Internet access to the CPI in 1997. The Bureau of Economic Analysis funded a 2002 report by Greenstein that made a number of recommendations for improving the Internet access price index.6 The analysis that follows addresses several of the concerns raised in that report. Greenstein identified six areas in which Internet access issues should be addressed: speed, availability, contract features, reliability, network effects, and other features of users’ experiences.7 The subsequent analysis covers the use of hedonic methods to make direct quality adjustments to prices used in the calculation of the index and so specifically addresses issues within two of Greenstein’s areas: speed and contract features. Greenstein also raises weighting, sampling, and other issues that cannot be addressed by a hedonic regression. Greenstein identifies a number of issues that, though amenable to a hedonic regression, are nonetheless hard to assess. For instance, while consumers benefit from having a larger number of choices in accessing the Internet, there is little reliable data available on local or regional Internet penetration and availability of service. The Federal Communications Commission (FCC) releases data on the number of broadband service providers within a given zip code, but the methods it uses has many critics, including the General Accountability Office, which took issue with those methods in a May 2006 report. As Greenstein wrote, assessing exactly how much a consumer benefits from additional choices, even with good data on service availability, cannot be easily accomplished. Likewise, according to Greenstein, quality change related to service reliability, network effects, and features such as additional e-mail addresses, pop-up ad-blocking software, and in- stant messaging cannot be reliably estimated. Moreover, many of the extra features that once came as part of a service agreement can now be obtained for free. For example, users can get e-mail accounts with large—even unlimited—data storage limits for free from companies like Google, AOL, and Yahoo. Services for instant messaging, online file storage, picture sharing, and antivirus software also can be had free of charge. With many services now offered free of charge, the aforementioned features do not play as large a role as price-determining characteristics as they once did. Greenstein also recommended that the CPI use broadband as a comparable replacement item for dial-up once a quality adjustment is applied to account for the improved speed of broadband. Although this issue is amenable to a hedonic regression, making the necessary adjustments would involve creating a hedonic model that covers both broadband and dial-up, and such a model would estimate dial-up and broadband speed with the same continuous function. Past research suggests that dial-up and broadband Internet access can be considered different goods;8 therefore, their components should not be treated equally. Another of Greenstein’s recommendations was that the CPI should do a better job of taking into account contract features. Greenstein focuses mainly on the issue of contracts with hourly limits; however, he notes that, although such limits were an important feature of Internet contracts in the 1990s, these sorts of agreements have become rare and are probably no longer relevant.9 Moreover, while some dial-up agreements in the CPI sample from late 2006 still have hourly limits, none of the broadband agreements impose these restrictions. Although hourly limits no longer play much of a role as a contract feature, broadband service plans often come with set contract lengths. Service agreements in the sample range from 1 to 15 months. Consumers benefit from the greater flexibility of shorter term agreements that do not lock them into one form of service and preclude other options. They also pay a premium for shorter term service agreements. Hedonic quality adjustments for changes in service contract lengths allow the index to reflect the changes in contract value from changes in term-length agreements. As Greenstein acknowledged, there is no consensus on how to measure Internet access speed.10 Most Internet users are familiar with bandwidth measures such as 56 kilobits per second or 5 megabits per second. These measures do not fully represent the speed of an Internet connection. Bandwidth indicates only a connection’s throughput; it does not give any indication of the connection’s latency. Although throughput measures the amount of information that can be transferred, latency represents the actual speed at which information travels. A frequently used analogy compares Internet access to plumbing. A service with high throughput can be likened to a pipe with a large diameter. Such a pipe can move a large amount of water at once, but the rate of flow might be slow. In order to move a large amount of water quickly, the pipe must both be wide and have a high rate of flow. Similarly, in order to move information quickly, an Internet connection needs to have both high throughput (a larger pipe) and low latency (a fast rate of flow). While most consumers place their focus on throughput, having a low latency connection can be particularly important for certain applications, such as Voice over Internet Protocol (Internet telephony), remote computer access, and gaming, in which the quick relay of information is very important. Despite the inadequacy of bandwidth as a measure of Internet access speed, no other measures can be readily obtained. For the models estimated and described in this article, bandwidth will serve as a proxy measure for speed. While technically questionable, bandwidth seems a reasonable proxy because Internet service providers generally use estimated upper bandwidth rates when advertising their services, and consumers make their decisions with bandwidth as their primary measure of Internet access speed. Dial-up and broadband: comparable services? Although Greenstein recommends that the CPI treat dialup and broadband as equivalent services (in terms of the value of their bandwidth), a debate has grown over whether the two can be compared as substitutes for each other. Jerry A. Hausman, J. Gregory Sidak, and Hal J. Singer argued that, in the context of government market power regulation, dial-up and broadband are distinct goods that cannot be directly compared.11 To support treating broadband and dial-up as distinct items, they estimated a regression with the logarithm of cable broadband price as the dependent variable and the logarithm of narrowband price as one of the independent variables. The regression failed to find any statistically significant impact of the price of narrowband on the price of cable broadband in the same area. The authors assert that this finding implies that the two types of Internet access are distinct goods.12 A 2002 report by Pew/Internet also concluded that broadband and dial-up users have different Internet usage patterns. Broadband users not only spend more time doing a variety of basic activities online, but are far more likely to use high-bandwidth features such as gaming and Monthly Labor Review • July 2008 35 Hedonic Model for Internet Access streaming media.13 Treating the value of bandwidth as equivalent across dial-up and broadband would disregard the empirical and theoretical evidence indicating that the two Internet services are distinct. Users would be expected to value an increase in broadband bandwidth differently than they would an increase in dial-up bandwidth. Internet users also have different uses for different levels of bandwidth. While lower levels of bandwidth, like those available to dial-up users, may be sufficient for certain activities (such as e-mail, online banking, online shopping, and checking weather reports), users with broadband bandwidth can employ their higher speeds to access content (such as streaming audio-video and gaming) that dial-up users cannot access—at least not without prohibitively long waiting periods. Consumers can be expected to give different values to the different uses of high and low bandwidth. Estimating the value of bandwidth with the same continuous linear function across two distinct levels of bandwidth would likely provide a flawed estimate of bandwidth’s value. Another problem is that dial-up and broadband market structures differ. Tom Downes and Shane Greenstein found that 92 percent of people in the United States live in areas with competitive dial-up markets.14 In contrast, the market for broadband tends towards a duopoly, with consumers facing the choice between one cable provider and one DSL provider.15 Although competition among suppliers may not be classified as a consumer preference, such competition will at least affect the price data used in data analysis. Nestor M. Arguea, Cheng Hsiao, and Grant A. Taylor argued that arbitrage would create linear pricing in competitive markets, so a hedonic model can be expected to have a linear functional form.16 Sherwin Rosen also noted that a hedonic model will be linear if arbitrage in the characteristics is possible.17 Jack Triplett, by contrast, cautions against the assumption of linearity, because characteristics in hedonic models are rarely truly open to competitive arbitrage. Triplett uses the example of a car and its engine; hypothetically, the two could be bought separately, but such a purchase would be impractical and expensive.18 Setting the specifics of these arguments aside, past research has shown that market structure relates to functional form in hedonic models. Attempting to fit price data produced in two different market structures with a regression that accommodates only one functional form will lead to misspecification. In addition, combining dial-up and broadband Internet service into a single model does not make practical sense for the BLS. Setting aside theoretical arguments 36 Monthly Labor Review • July 2008 against quality adjusting for a change from dial-up to broadband service, a regression model covering both types of service would make such an adjustment technically possible; however, the opportunity to make this type of adjustment might never come. There were no cases of substitution between dial-up and broadband services in the 2 years of data examined for this study. Of course, such a result could be expected because the BLS computes the CPI with a “matched-model” method in which prices are collected for the same unique good or service from the same outlet on a repeated basis. Many dial-up providers have no broadband offering, and others offer broadband only within certain geographic areas. Given the tendency of Internet service providers to focus on either dial-up or broadband service, few changes in type of service would be expected within the CPI sample. Given, then, the differences in market structure of broadband and dial-up (with broadband in a duopolistic market and dial-up in a relatively competitive one), as well as the differences in the way consumers use the two services, combining them into a single model would be theoretically problematic. A combined dial-up and broadband model would have a weaker theoretical foundation and offer little, if any, practical benefit. For these reasons, dial-up and broadband are treated as entirely distinct services in this article, with all analysis focusing on broadband services. Functional form and the Box-Cox transformation The theory behind hedonic regression has offered little guidance in selecting the functional form for hedonic models. As mentioned in the previous section, a competitive market implies a linear model if arbitrage is not hindered by bundling, but few markets are truly competitive. Without standards derived from theory, the BLS has generally employed a semilog functional form in the hedonic models it uses to directly adjust prices in the CPI. Other researchers have used goodness of fit as the standard for selecting functional form in hedonic models.19 In hedonics research, Box-Cox regression has been a particularly popular method of finding an appropriate functional form based on goodness of fit. Various Box-Cox transformations have been recommended as the preferred functional form for hedonic regressions, in part because they allow for some flexibility. For Y(Ȝ), a basic Box-Cox transformation on a single variable, the transformation is defined as Y (Ȝ) Y (Ȝ) Y Ȝ 1 for Ȝ 0 or Ȝ ln Y for Ȝ = 0. (1) A more complex version transforms both sides of the equation with different parameters. In this article, denotes the Box-Cox transformation parameter on the dependent variable while denotes the Box-Cox transformation parameter on independent variables. Such a transformation for nonzero values, with logarithms providing the transformation when is zero, can be represented as20 Y Ȝ 1 Ȝ K Į ¦ ȕi i 1 X iș 1 J ¦ Ȗ s D s İ for Ȝ and ș 0. ș s 1 (2) Equation (2) will be referred to as an unrestricted Box-Cox (uBC) model, to distinguish it from three other transformations. A restricted Box-Cox (rBC) model requires that both sides of the equation, excluding dummy variables, be transformed by the same parameter (that is, rBC = uBC with the restriction that = ): Y Ȝ 1 Ȝ ln Y K Į ¦ ȕi i 1 X iȜ 1 J ¦ Ȗ s D s İ for Ȝ 0 or Ȝ s 1 K J i 1 s 1 (3) Į ¦ ȕ i ln X i ¦ Ȗ s D s İ for Ȝ = 0. A left-hand Box-Cox (lhBC) model transforms only the dependent variable and leaves the independent variables unaltered: J K Y Ȝ −1 = Į + ¦ ȕ i X i + ¦ Ȗ s Ds + İ for Ȝ 0 or s =1 i =1 Ȝ K J i =1 s =1 ln Y = Į + ¦ ȕ i X i + ¦ Ȗ s Ds + İ for Ȝ = 0. (4) A right-hand Box-Cox (rhBC) model transforms only the continuous independent variables: K Y = Į +¦ ȕi i =1 K X iș − 1 J + ¦ Ȗ s Ds + İ for ș 0 or s =1 ș J Y = Į + ¦ ȕ i ln X i + ¦ Ȗ s Ds + İ for ș = 0. i =1 (5) s =1 In each of these models, the statistical software uses an iterative process to select the Box-Cox parameter values with the best fit, based on maximum likelihood. The Box-Cox form accommodates data in multiple functional forms, and certain Box-Cox parameter values are associated with basic functional forms, including the linear, loglog, and semilog forms. An rBC model represents a linear model when the transformation parameter equals 1 ( = 1); an rBC model is equivalent to a log-log equation when the transformation parameter equals 0 ( = 0). An lhBC model is equivalent to a left-side semilog model when = 0; an lhBC model represents a linear form when = 1. An rhBC model represents a linear form when = 1; an rhBC model is equivalent to a right-side semilog model when = 0. An rhBC represents a reciprocal functional form when = –1. A uBC model, the most general Box-Cox form used here, can represent any model represented by a uBC, an lhBC, or an rhBC model. As mentioned earlier, a uBC model is an rBC model when it has the restriction that must be equal to . A uBC model represents an lhBC model when = 1; a uBC model represents an rhBC model when = 1. Box-Cox regression can be used both as a test of functional form and as a form in itself. Because the Box-Cox regression can represent the standard functional forms, it can find whether any of these forms are appropriate and, if so, the one that works the best. For instance, if the Box-Cox regression returns values of 0 for both and , then a log-log model is indicated. In his handbook on hedonic price indexes, Triplett offers further discussion of the Box-Cox regression as a test of functional form in hedonic models.21 If the Box-Cox regression rejects all the parameter values associated with the standard functional forms, the parameter values it returns can still be used to represent alternative forms. The use of Box-Cox transformations as the functional form of choice (and not just a test) in hedonic regression generally receives strong support in the literature. The 1988 work by Maureen L. Cropper, Leland (4) and Kenneth E. McConnell has often been cited B. Deck, for its recommendation of a Box-Cox transformation in hedonic models. In this work, the authors found that a linear Box-Cox function performs better than linear, semilog, double-log, quadratic, and quadratic Box-Cox functions. They also found that a linear Box-Cox function performs well in estimating marginal attribute prices, even in the case (5) of specification error. In contrast, the quadratic BoxCox form has similar goodness of fit, but provides biased results in the presence of specification error.22 Cropper and her colleagues attempted only one form of the linear Box-Cox transformation, the uBC,23 and therefore do not offer any insight into whether the uBC, rBC, or some similar form is the best linear Box-Cox transformation. Without a clear, preferred Box-Cox form defined in the literature, the study described herein uses best-fit criteria to determine the appropriate functional form. Data Data for this study were extracted from the official CPI database during November 2006. Data from that month and bimonthly sampled quotes from October were combined into a preliminary data set for the index category Monthly Labor Review • July 2008 37 Hedonic Model for Internet Access “Internet services and electronic information providers” (formerly known as “other information services”). These data were then pared down into a data set of 139 broadband price quotes covering three types of Internet access. Cable Internet access, with 94 quotes, accounted for 67.6 percent of the data. DSL followed with 41 quotes, or 29.5 percent, and the remaining 4 quotes were for satellite Internet access. In comparison, when the Pew Internet Project first surveyed relative cable and DSL Internet usage in March 2003, it found that 28 percent of broadband subscribers used DSL and 67 percent used cable. In March 2006, the same survey found that DSL’s market share had increased to 50 percent while cable’s share had fallen to 41 percent.24 These numbers suggest that the CPI data may be a bit out of step with current trends, but quite representative of the market a few years ago. The close relationship between the CPI sample and the market several years ago should be expected, because the CPI sample rotates continually over a 4-year cycle, so some quotes may be based on expenditure data from several years earlier. Also, the time needed to complete expenditure surveys and incorporate their results into the sample extends this lag. The four satellite Internet service quotes were dropped from the data set because satellite service does not seem to compete directly with the other forms of broadband. Satellite Internet is more expensive and slower than both DSL and cable broadband. Its market is generally limited to rural areas that lack access to other methods of fast Internet service. Given the differences in market and market structure, the satellite Internet quotes were dropped from the sample used for hedonic regression, leaving 135 quotes in the final data set slated for regression modeling. The data included several variables in addition to each service plan’s price, which in turn included additional fees for services such as modem rental and installation. Each quote had information on a number of service plan characteristics: connection speed, length of the contract, promotional pricing, whether the plan came as part of a bundled package that included cable television and/or telephone service, and more. If information on any of these characteristics was missing or suspicious—such as listing an extremely slow or fast connection speed—the information was verified by going to the service provider’s Web page and collecting the proper data value. The variable “bandwidth” is a continuous measure of the reported download bandwidth in kilobytes per second. In the sample, reported bandwidth ranged from 256 kbps for low-level DSL plans to 10 mbps for the fastest cable connections. Although cable tends to be faster than DSL, it is not always so. The fastest DSL observation was 5 38 Monthly Labor Review • July 2008 mbps, while the slowest cable observation was 300 kbps. Many broadband providers offer Internet service in packages bundled with various combinations of television, landline telephone, and mobile telephone services. Observations in the sample were considered to be bundled if the price listed for Internet service was a component of an explicit package offer or if the price was listed at a discount for customers who subscribed to another service. The sample contained no observations bundled with mobile telephone service. Of the paired-service packages, whenever Internet service was bundled with either telephone or subscription television services, all of the observations bundled with television services were from cable broadband providers and all of the observations with telephone service bundling were from DSL providers. Only two “triple-play” packages (packages with Internet, television, and telephone services in a single bundle) were in the sample, and both were from cable companies. A dummy variable represented television bundling in the regression models. No variable for telephone bundling was used. Preliminary models showed that bundling an Internet service with telephone service did not have a significant impact on the listed price of the Internet service. This finding may be explained in part by the fact that, in order to get DSL service, customers must also pay for a telephone line with their DSL provider. At the time this article was written, very few companies offered stand-alone DSL, known as “naked DSL,” and there were no such packages in the sample. Even when not explicitly sold as part of a bundle, DSL service essentially came in tandem with telephone service. Thus, even limiting a dummy variable to representing the telephone service in the triple-play packages did not produce statistically significant results, so only the dummy variable representing bundling with television service was used in the regressions that were carried out for this study. Most of the observations in the sample represented Internet service from either cable television companies or large telephone companies. A few companies lease communications infrastructure from major broadband providers and sell their own Internet service. The dummy variable “other ISP” indicates an observation with service from one of these providers. Several different semilog models were specified, and the results from these models are presented in table 1. First, Model 1, consisting of only the theoretical model variables, was estimated. Second, control variables for Census Bureau region and city size, wherever the data were collected, were added to Model 1 to produce Model 2. Finally, after the results of Model 2 were reviewed, Model 3 was specified, using the theoretical model variables and the only significant control variable: the dummy variable for the Western region. Four different forms of the Box-Cox transformation were attempted with the variables from Model 3: a transformation on the dependent variable alone (lhBC); a transformation on the continuous, independent variables alone (rhBC); transformations using the same value on both sides of the equation (rBC); and transformations using different values on both sides of the equation (uBC). The results of these transformations are presented in table 2. The statistical software tests null hypotheses that the Box-Cox parameter(s) for an estimated model is/are equal to –1, 0, or 1. The results from these hypothesis tests can act as tests for functional form. The rBC and uBC results Table 1. Regression results: semilog models Variable Model 1 Constant............................ 3.837417 (80.27) 2 Bandwidth........................ .000017 (2.10) 1 Promotional price.......... –.3865237 (–9.77 ) 1 Bundled television........ –.1637662 (–4.05) 1 Contract months............ –.0147753 (–2.98) 1 DSL. ..................................... –.3636489 (–7.61) 1 Other ISP. .......................... –.2381208 (–3.13) West.................................... — Midwest............................. — South.................................. — Bsize.................................... — Csize.................................... — R-squared.......................... .7073 Adjusted R-squared ..... .6936 F-statistic........................... 51.56 1 Model 2 Model 3 3.816153 (53.76) 2 .0000188 (2.14) 1 –.4407197 (–11.08) 1 –.1638882 (–4.03) 1 –.0126181 (–2.58) 1 –.4271105 (–8.62 ) 1 –.234327 (–3.09) 1 .1847002 (3.19) .0082532 (.17) .0656907 (1.12) –.0741243 (–1.57) –.0316996 (–.48) .7456 .7229 32.78 3.820113 (84.06) 1 .0000185 (2.42) 1 –.4366383 (–11.06) 1 –.1677243 (–4.39) 1 –.0132862 (–2.82) 1 –.4137092 (–8.82 ) 1 –.2100399 (–2.90) 1 .1676677 (3.99) — 1 1 — — — .74 .7256 51.63 1 Significant at the 1-percent level (two-tailed test for control variables, one-tailed test for others). 2 Significant at the 5-percent level (two-tailed test for control variables, one-tailed test for others). NOTE: t-statistics are in parentheses. West, Midwest, and South are census regions. Dash indicates variable not used in model. rejected Box-Cox transformation parameters of –1, 0, and 1. Because a parameter value of 1 represents a linear model and a parameter value of 0 represents a log-log model, the rBC and uBC regression results indicate that the linear and log-log transformations would not be appropriate here. The tests for the lhBC model also rejected values of –1, 0, and 1. Because a value of 0 represents a semilog model, such a model also can be eliminated as an appropriate functional form. The significance tests for the rhBC transformation model failed to reject any of the parameter values, so that model provided no useful tests of functional form. As tests of functional form, these Box-Cox regressions eliminated the standard linear, log-log, and semilog forms. While Box-Cox regressions can be used to test functional form, they also can be used as functional forms themselves. Standard functional forms are usually preferred for the sake of parsimony, but the simpler forms were all rejected. Though more complex, the estimated Box-Cox models provide transformations that fit the data best. To help select the appropriate Box-Cox model from the four discussed earlier, the Akaike information criterion (AIC) and the Bayesian information criterion (BIC) were used.25 As shown in the following tabulation, the rBC had the lowest AIC and BIC values, suggesting that it provides the best transformation: Model AIC result Right-hand (rhBC) ............ Left-hand (lhBC) ............... Restricted (rBC) ................. Unrestricted (uBC) ............. 877.95950 870.44479 868.84819 869.89652 BIC result 880.86478 873.35006 871.75346 875.70707 However, these information criteria are sensitive to differing functional forms, so comparing the values across models is not entirely accurate. The rBC found a significant value for a parameter that transformed both sides of the equation, but the uBC value for the right-hand parameter was not significant. Thus, the rBC seems preferable because it transforms both sides of the equation and does not have an insignificant transformation parameter, as the uBC does. Table 2. Hypothesis tests for Box-Cox transformations Transformation λ θ H0 equation Chi2 statistic for rejecting H0 when X = 1 0 –1 lhBC. ............... rhBC................ rBC. ................. uBC. ................ 1 0.4610551 … 2 .401735 2 .4210553 1 Significant at the 1-percent level. … –1.724741 2 .401735 –.3620293 λ=X θ=X λ=θ=X λ=θ=X 8.72 1.21 1 10.32 1 11.27 1 2 7.55 .05 2 5.73 2 6.68 1 81.41 .07 78.82 1 79.77 Standard functional forms rejected 1 Semilog and linear 1 Log-log and linear Log-log and linear Significant at the 5-percent level. Monthly Labor Review • July 2008 39 Hedonic Model for Internet Access As noted in table 2, the rBC selected 0.401735 as the value of that produced the best transformation. The Box-Cox procedure also produced probability values for the coefficients on the basis of chi-square tests, because using ordinary least squares estimates of coefficient variances produces inaccurate measures of significance.26 The results of this regression are presented in the following tabulation (superscript 1 indicates significance at the 1percent level, superscript 2 at the 5-percent level): Variable Regression result, final model Constant ............................ 8.575593 Bandwidth .......................... 1.0117482 Promotional price ............... 1–1.7730443 Bundeled television ............ 1–.7251095 Contract months ................ 2–.1189097 DSL ..................................... 1–1.675438 Other ISP ............................ 1–.8505007 West ................................... 1.6512617 ......................................... p-value for ....................... .401735 .022 2 No probability test was run on the constant, but all coefficient values were significant at the 1-percent level except for the coefficient for contract months, which was significant at the 5-percent level. This estimated rBC model can be used to find implicit prices for the characteristics of an Internet service plan. The price of a characteristic is estimated with the implicit price derived from a hedonic equation. Let K X ș −1 J Y Ȝ −1 = Į + ¦ȕz z + ¦ Ȗ s Ds + İ for ș and Ȝ 0 s =1 z =1 ș Ȝ (6) be an equation for a uBC. Then the implicit price for a continuous characteristic XZ is calculated by taking the partial derivative of the price Y with respect to XZ: ∂Y = ȕ z X zș −1Y 1− Ȝ . ∂X z (7) Or, similarly, for partial derivatives with respect to dummy variable characteristics, ∂Y ∂D s = Ȗ s Y 1− Ȝ . (8) These formulas can be applied to an rBC model by invoking the restriction = . Based on the partial-derivative formula for a continuous variable, the marginal price of bandwidth is 40 Monthly Labor Review • July 2008 ∂Y = .0.011748 X 0.401735 −1Y 1− 0.401735 . ∂X z (9) This formula incorporates the original item’s price and bandwidth. One can visualize the formula by plotting the marginal price curve of bandwidth (the cost of an increase of 1 kilobit per second) and observing how the resulting curve varies with changes in initial price and bandwidth in a two-dimensional representation. Chart 1 illustrates how the marginal price of bandwidth in this rBC model depends on both the initial price and the initial bandwidth. In the model, the marginal price of bandwidth is higher at lower initial bandwidths and higher at higher initial prices. In contrast, chart 2 illustrates how marginal price in a semilog model (with a logged dependent variable) is dependent upon the initial price only and does not vary with the initial speed. Together, the two charts highlight how the estimated rBC model accommodates the diminishing marginal price of bandwidth while the semilog model does not. Experimental price index estimation The theoretical literature on hedonic regression and price indexes presents a variety of methods for incorporating hedonic methods into price indexes. Some of these methods involve creating an entire price index through a hedonic regression, but the BLS uses hedonic regressions to make direct adjustments to prices only when an item (or, in this article, a service) is replaced by a new item (or service). Price (6) indexes generally use a price relative—the ratio of the current-period price (Pa,t) for an item a to its price (Pa,t-1) in the previous period—to measure the change in the price of the item. If item a is phased out and replaced in the current period by an item b, the price of b must be adjusted for the difference in the value of features between a and b. For example, if b is identical to a, except that it in(7) an improved characteristic Z, then the unadjusted cludes price relative, Pb,t/Pa,t-1, would not take the improvement in b into account. To account for the difference in characteristics, a hedonic model is used to estimate what the price of a in the previous period would have been had a included characteristic Z. This model allows prices from (8) the two periods to be compared as if the same item were being priced in both periods. The adjusted price relative is the ratio of the current-period price of item b to the previous-period price of item a, adjusted by the imputed value, Pz,t-1, an estimate of the value of characteristic Z. This new price relative can be represented as Pb,t /(Pa,t-1 + Chart 1. Marginal price of bandwidth for a given initial price, Box-Cox model Price of 1 kbps (dollars) Price of 1 kbps (dollars) 0.0070 0.0070 $75 0.0060 0.0060 $65 $55 $45 0.0050 0.0050 $35 $25 0.0040 0.0040 $15 $5 0.0030 0.0030 0.0020 0.0020 0.0010 0.0010 0.0000 0.0000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 Initial bandwidth (kbps) Chart 2. Marginal price of bandwidth for a given initial price, semilog model $5 $15 $25 $35 $45 Price of 1 kbps (dollars) 0.0014 $55 $65 $75 Price of 1 kbps (dollars) 0.0014 0.0012 0.0012 0.001 0.001 0.0008 0.0008 0.0006 0.0006 0.0004 0.0004 0.0002 0.0002 0 0 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 Initial bandwidth (kbps) Monthly Labor Review • July 2008 41 Hedonic Model for Internet Access Pz,t-1). In order to calculate an adjusted price relative, Pz,t-1, the previous-period value for the new characteristic must be calculated. The regression coefficient for a variable can be interpreted by taking the partial derivative of the dependent variable with respect to a given independent variable. In a hedonic model, the partial derivative of a characteristic can be used to find an implicit price for a characteristic. One method of incorporating quality adjustments involves using such implicit prices. For dummy variables, the quality adjustment for the addition of a characteristic would simply be the value of the partial derivative (equation 8). For continuous variables, the implicit price is found by calculating the partial derivative (equation 7) and multiplying it by the change in value of a characteristic between an old and a new item: Pz ,t −1 = ∂y t −1 ( x z ,t − x z ,t −1 ). ∂x z ,t −1 (10) The total quality adjustment is calculated by adding the quality adjustments for each characteristic: ¦P z ,t −1 ∂Yt −1 ∂Yt −1 ( x z ,t − x z ,t −1 ) + ¦ ( Ds ,t − Ds ,t −1 ). (11) z =1 ∂x z ,t −1 s =1 ∂D s ,t −1 K J =¦ An experimental index was created with this method, with the implicit prices derived from the estimated rBC model presented in the tabulation on page 00. This index will be referred to as the marginal Box-Cox index. A second experimental price index, referred to as the semilog index, was created on the basis of the predicted price from Model 3 of table 1. The BLS usually calculates an adjusted price (Padjusted) by taking the item’s previousperiod price (Pprevious) and multiplying it by the mathematical constant e to the power of the difference of the sum of the product of the replacement item’s characteristics (Xz,t) and their respective coefficients and the sum of the product of the previous item’s characteristics (Xz,t-1) and their respective coefficients: k k ¦ ȕ z X z ,t −¦ ȕ z X z ,t −1 Padjusted = Pprevious e z =1 z =1 . (12) Equation (12) is derived by dividing the model equation for the predicted price of the replacement item, Preplacement = ezXz,t++, by the model equation of the previous price, Pprevious = ezXz,t-1++. The result is an estimated value for the price of the replacement item, based on the previous price. The process can be viewed as effectively adjusting 42 Monthly Labor Review • July 2008 the previous-period price for the changes in characteristics. The quality adjustment, which is the sum of the individual values for the changes in characteristics, can be found by subtracting the price of the previous item from the adjusted price, which is the same as the predicted price of the replacement item: ¦P z ,t −1 = Padjusted − Pprevious . (13) The formula for the semilog index can be used only when the dependent variable (the price in a hedonic regression model) is transformed by a natural logarithm. A third experimental index, referred to as the predictedprice Box-Cox index, was created by developing a formula, similar to equation (12), that relates the previous-period price of an item to the predicted price from a Box-Cox model (note that () denotes a Box-Cox transformation by the parameter , while is simply the value of the parameter ): 1 Padjusted K K Ȝ ºȜ = ªȜ ( ¦ ȕ z X z(ș,t) − ¦ ȕ z X z(ș,t)−1 ) + Pprevious (14) «¬ z =1 »¼ for Ȝ 0. (14) z =1 Equation (14) was derived by taking the model equation K (Ȝ) (ș ) for the replacement item, Preplacemen t = ¦ ȕ z X z ,t + Į + İ , and subz =1 tracting the model equation for the previous-period price, K (Ȝ) Pprevious = ¦ ȕ z X z(ș,t)−1 + Į + İ . With the observed previous-period z =1 price and the characteristic information for both items substituted into the formula, the formula predicts a price, denoted Padjusted, that represents the previous-period price had the item included the replacement item’s characteristics. The predicted-price method of calculating adjustments provides a more accurate estimate of quality-adjusted prices than does the marginal-price method. The latter calculates the value of a characteristic at an initial point and assumes that the value remains the same. For example, in the rBC model, the value of an additional 1 kbps for a $30/month service plan that already offers 1 mbps (1,000 kbps) can be estimated with equation (9). Substituting 30 for the value of the initial price Y and (12) 1,000 for the value of the initial bandwidth X results in an estimate of $0.001441738 for the marginal value of the bandwidth. If the same plan were increased by 1,000 kbps instead of 1 kbps, the estimated quality adjustment for the increased speed would be 1,000 times $0.001441738, or $1.441738. This calculation assumes that the one-thousandth additional kbps is valued the same as the first additional one. However, the model predicts that the value of an additional kbps added to a $30/month service with a speed of 1,999 kbps would be $0.000952622, about a third less than the value assumed under a marginal price adjustment. The Box-Cox predicted-price method (equation 14) avoids the problem of dynamic marginal values, because it is based on undifferentiated Box-Cox models instead of the differentiated version (equation 11) used to calculate marginal prices. These adjustments could be made by taking the model equation and substituting the characteristics of the new item into each variable to find the predicted price of the new item, doing the same to find the predicted value of the old item, and then determining the quality adjustment by taking the difference of the two predicted values. By combining the formulas for the predicted prices of the old and new items, the calculations can be simplified so that only the variables for characteristics that change between the old and new items need to be entered into the price adjustment formula. Although a predicted-price formula is used to calculate the quality adjustments on the basis of the semilog model, the adjustments will not reflect changes in the value of characteristics, because the semilog model itself assumes that the value of one unit of a characteristic will remain constant no matter the value of a characteristic variable. Going back to the earlier example and using semilog Model 3 indicates that a 1-kbps increase in a $30/month service will be valued at $0.000555 (that is, 0.0000185 × 30), but, unlike the Box-Cox model adjustments, the value for 1 kbps will be the same whether it is added to a 100-kbps service or a 5,000-kbps service. All item replacements within the item index category “Internet services and electronic information providers” between December 2004 and January 2007 were revaluated in light of the findings of the hedonic models. Fortyfour item replacements qualified for adjustment. The coefficients from the Box-Cox (see tabulation on page 40) and semilog (table 1, Model 3) models were utilized to calculate quality-adjusted prices. The results of these adjustments were then used to calculate three experimental indexes corresponding to the three methods of adjustment discussed here: the marginal Box-Cox, predictedprice semilog, and predicted-price Box-Cox adjustments. The difference between the experimental indexes and the official CPI for this index category is interpreted as a measure of the impact of adjusting for quality change. Table 3 summarizes the three experimental indexes by the type of regression model and the method used for quality adjustment. The overall impact of these changes was small. The official CPI for the category “Internet services and electronic information providers” fell 24.451 percent between December 2004 and January 2007. In comparison, the marginal Box-Cox, the semilog predicted price, and the predicted-price Box-Cox indexes fell 24.594, 24.612, and 24.575 percent, respectively, over the same period. The difference between the percent change of the experimental indexes and the percent change of the official index is referred to as a discrepancy. The discrepancies produced by the three experimental indexes are listed in table 3. Compared with the official index, the semilog index displayed the largest absolute difference, a downward discrepancy of 0.1613 percentage point over the 2-year period. The marginal Box-Cox index produced a slightly smaller downward discrepancy of 0.1429 percentage point, while the predicted-price Box-Cox index had a slightly smaller discrepancy with the official index, falling 0.1239 percentage point more than the published number. The experimental indexes decreased more than the official index because they took account of quality change that the official index missed. Of the 44 item replacements that were selected for reevaluation, 40 were originally deemed comparable to the official index. In such cases of comparable replacements, the price change from the old to the new item is treated as if the old item had not been replaced. No quality adjustment was made for these replacements, and the price relative was calculated under the assumption that none of the price change was attributable to quality change. Twenty-nine of the comparable replacements had improvements in bandwidth. In these cases, the price relatives, and thus the official price index, exhibited an upward bias because they did not take into account quality improvements in bandwidth. Three of the four noncomparable replacements had price relatives imputed by cell-relative imputation, meaning that they were essentially dropped from index calcu- Table 3. Summary of experimental indexes Experimental index (1) BCmarg................................................................ (2) Semilog................................................................ (3) BCpred................................................................. Model for quality adjustment Quality adjustment method Box-Cox Semilog Box-Cox Marginal price Predicted price Predicted price Discrepancy with official index over 2 years –0.1429 –0.1613 –0.1239 Monthly Labor Review • July 2008 43 Hedonic Model for Internet Access lations for one period. When a price change is dropped from an index, the price change is basically imputed from the price change in similar items that either were not replaced or had comparable replacements. The remaining replacement had a price change imputed through the class-mean method, an imputation method that uses the price changes from comparable or quality-adjusted replacements to estimate a noncomparable replacement’s price change.27 In his handbook on price indexes, Triplett notes that both class-mean and cell-relative imputation can lead to bias, although the direction of the bias may not be clear and depends on the particular circumstances.28 Thus, even though the preceding replacements were not treated as comparable, they may still have contributed bias to the official index. The item replacements in the sample generally show a trend of improvements in service quality in the form of increased bandwidth rates. The official index missed most of this trend because faster service was often treated as comparable to slower service. Using the hedonic adjustments to reevaluate these replacements produces an index that decreases faster than the official index by alleviating at least some of the upward bias created by ignoring the improving quality of Internet service. Comparing the three experimental indexes reveals that the semilog index, falling more than the other indexes, produces the largest downward discrepancy with the official index. The semilog regression does not accommodate the diminishing marginal price of bandwidth, so the semilog model will produce price estimates that are too low at slow bandwidth rates and too high at high bandwidth rates. Under this model, adjustments are made without regard to the initial amount of bandwidth. For example, given the same initial price, the quality adjustment for increasing a 1-mbps service to 2 mbps will be the same dollar value as the adjustment for increasing a 14-mbps service to 15 mbps. Adjustments to faster services appear to be overestimated, and the semilog index falls too fast as a result. Similarly, the marginal Box-Cox method seems to be biased downward. Although it does allow for the marginal price to vary with the initial bandwidth rate, it does not account for changes in marginal price in going from one bandwidth rate to another. When there is diminishing marginal price, which is suggested by the model for the bandwidth of interest here, the marginal Box-Cox method will overestimate the price change associated with increased bandwidth. The predicted-price Box-Cox index decreases faster than the official index because it incorporates many of 44 Monthly Labor Review • July 2008 the quality improvements missed in the official index. However, it decreases less rapidly than the other experimental indexes because it accommodates the diminishing marginal price of bandwidth, whereas the semilog index does not, and the marginal Box-Cox index accommodates diminishing marginal price only in the initial bandwidth. By fully accommodating changes in marginal value, the predicted-price Box-Cox index avoids the downward bias of the other two experimental indexes. Chart 3 shows the running discrepancies between the experimental indexes and the official index. The discrepancies are given by the percentage-point change in the official index from December 2004 to the given month, subtracted from the percentage-point change in the experimental index over the same period. After several months of consistent downward discrepancies compared with the official index, the experimental indexes began to move higher, closer to the official index. Adjustments made in these months demonstrate why hedonic adjustments will not always push an index downward. In December 2006, all the experimental indexes increased relative to the official index. The December 2006 change is due entirely to a single replacement wherein the estimated value of increasing a $35-per-month plan’s connection speed to 3 mbps from 384 kbps was imputed as $12.27 by the marginal Box-Cox adjustment, $8.48 by the predicted-price Box-Cox adjustment, and $6.69 by the semilog model. The marginal Box-Cox adjustment was the largest because it uses the estimated marginal value of bandwidth at 384 kbps as the estimated value for each 1-kbps increase. The predicted-price Box-Cox adjustment is less than the marginal Box-Cox adjustment because the value of bandwidth is estimated as the estimated difference between bandwidths at 3 mbps and 384 kbps. The semilog adjustment gives the lowest estimated value because it holds the value of bandwidth fixed and does not account for the fact that the value of increased bandwidth added to a very low connection speed will be relatively high. However, none of the models attributes all of the real-world price difference between the two services to the value of greater bandwidth. The faster service was $15 more than the original service it was replacing. Although this replacement was deemed noncomparable in the official index, and its price change was imputed, in the experimental indexes the foregoing estimated values were subtracted from the $15 increase and the remaining price differences were shown as price increases. In the next month, January 2007, the experimental indexes had another large increase relative to the official index. The increase came from a single replacement in which Chart 3. Running discrepancy: difference between experimental and official index, cumulative percent changes Percent discrepancy Percent discrepancy 0.000 Jan Apr 2005 Jul Oct Jan Apr 2006 Jul Oct Jan 0.000 Marginal Box-Cox Predicted Box-Cox Semilog –0.100 –0.100 –0.200 –0.200 –0.300 –0.300 –0.400 –0.400 –0.500 –0.500 –0.600 –0.600 an Internet service package bundled with cable television replaced an à la carte offering. In the official index, this change was considered comparable, so the $17 price decline from the à la carte service to the cheaper, bundled service was reflected in the index. In the experimental indexes, the regression models were used to offset some of this price decline by estimating the expected price difference between Internet service sold à la carte and Internet service bundled with television service. The marginal Box-Cox, semilog, and predicted-price Box-Cox models respectively estimated $8.39, $9.26, and $8.05 price declines. In each case, the associated experimental indexes reflected price decreases by the portion of the $17 decline not offset by these estimates. The official index showed the entire $17 as a price decline, so the hedonic adjustments effectively pushed the experimental indexes upward relative to the official one. Depending on the circumstances, hedonic adjustments can move an index in either direction. The adjustments used to create the experimental indexes generally showed more downward price movement than the methods used to create the official index, but there were also cases in which adjustment moved the indexes upward compared with the movement of the official index. A look at the data used to compute the indexes shows that a large number of item replacements with quality improvements were treated as comparable in the official index, so the official index effectively ignored these improvements. The downward movement from incorporating them more than offset the upward adjustments, resulting in all three experimental indexes having downward discrepancies with the official index. A trio of Monthly Labor Review articles compared indexes calculated with and without hedonic adjustments. In one, Paul R. Liegey and Nicole Shepler investigated the effects of hedonic adjustments on indexes for VCR prices from December 1996 to December 1997.29 They found that the quality-adjusted index fell 8.0 percent over this period, while an unadjusted index fell 8.1 percent, meaning that the quality adjustment actually produced a 0.1-percent upward discrepancy. In another article, Craig Brown and Anya Stockburger looked at the impact of quality adjustments on the CPI apparel indexes. Comparing the official index, which uses direct hedonic-based adjustments, Monthly Labor Review • July 2008 45 Hedonic Model for Internet Access with an experimental index that lacked these adjustments, they found that the unadjusted experimental index had an upward discrepancy of about 0.2 percent annually.30 In a third article, David S. Johnson, Stephen B. Reed, and Kenneth J. Stewart presented a table of the estimated yearly impacts from hedonic models in 10 categories to which the BLS had applied hedonic adjustment since 1998. Instead of using discrepancies, these authors used the percent difference between the hedonic and nonhedonic index levels.31 The effects of hedonic adjustment ranged from –3.81 percent for computers to 1.89 percent for VCR’s, but 6 of the 10 categories had differences between –1.0 percent and 1.0 percent: televisions (–0.11 percent), camcorders (0.15 percent), refrigerators (0.02 percent), clothes washers (–0.78 percent), dryers (0.06 percent), and microwave ovens (–0.17 percent).32 In comparison, hedonic adjustment for Internet access had an annual effect of approximately –0.06 percent to –0.08 percent (depending upon which model was used), about as much of an absolute effect as that from adjusting dryers. The adjusted Internet access index changed so little, in part because broadband makes up only a portion of the index. As of November 2006, broadband quotes accounted for about 36 percent of the quotes used to calculate this index. Broadband quotes make up only a portion of the sample used in the adjusted Internet access index, so the effects of broadband quality adjustments are dampened. Another factor that could be contributing to the absence of any major differences between the quality-adjusted experimental and official indexes is that the quality adjustments are based on a hedonic model developed with data from the end of the period used to create the experimental indexes. The pricing structure of broadband access in November 2006, represented by the model, probably differed significantly from the pricing structure in December 2004. Bandwidth was more expensive in earlier periods and probably had a higher marginal price. If so, using a model based on more recent data underestimated the marginal price of bandwidth and gave low estimates of quality change. Future developments The technology behind Internet access has been in constant change since users first signed onto the service in the early 1990s, and this trend will likely continue for the near future. Specifically, two growing forms of Internet access—fiber optics and wireless broadband—will probably radically alter the state of the Internet access market. Optical fiber has long been used in the Internet backbone, 46 Monthly Labor Review • July 2008 but consumers could connect to these high-speed lines only through their slow, household connections. Some service providers have begun running fiber directly to the consumer—a service known as fiber to the home (FTTH). Fiber connections offer speeds much faster than those available through cable or DSL. Whereas fiber offers speed, wireless offers flexibility. Wireless Internet access has been available for several years, but emerging technologies, such as WiMAX, may enable wireless to be competitive as a mainstream form of Internet access. WiMAX cuts the binds of wired Internet by providing a wireless broadband network spread over a large area. WiMAX technology includes both mobile and fixed wireless technologies. Some providers have focused on stationary applications, in which the user would have a stationary connection to a WiMAX router. Stationary WiMAX could be particularly useful to those in rural areas who do not have the wired infrastructure for broadband. Some communication companies have explored the possibilities of mobile WiMAX and have begun deploying WiMAX by installing routers on cell phone towers to create a broadband network with coverage comparable to that afforded by cell phone networks. WiMAX is also only one of several emerging wide-area, wireless broadband technologies. WiMAX has received more attention than the other technologies, but its dominance is not guaranteed. The impact of new technologies such as FTTH and wireless broadband remains unclear. Depending on pricing and the reliability of service, wireless broadband could compete directly with DSL and cable, or it may be relegated to certain niche markets. Wireless broadband may also reshape the market structure for broadband Internet. Instead of choosing between one cable provider and one DSL provider, consumers may have the added choice of one or more wireless broadband providers. If wireless broadband can compete with current broadband technologies, another hedonic regression model will have to be developed to address the benefit of mobility and the changing marketplace. The expansion of FTTH could also alter the validity of the hedonic model presented in this article. FTTH probably will alter the pricing structure for bandwidth and allow access to higher levels of bandwidth than are currently available to most consumers. The model will then have to be revisited to account for these and other changes in the Internet access market. BUILDING OFF OF PAST RESEARCH on hedonic regression modeling, this article has developed a model to explain the monthly price of Internet access as a composite of several factors. Coefficients from the model can be used to make direct price adjustments for changes in quality. Making such adjustments will help account for improvements and other changes to the services in the sample. Given the rapid changes in the Internet access industry, the model will need to be updated periodically, especially as new technology changes the way the Internet is accessed and used. Past research has indicated that Box-Cox regression provides a better estimation of hedonic models than do more restrictive functional forms. The Box-Cox method offers a relatively easy way to find a suitable transformation for data without having to run many regressions to find the best way to specify the functional form of the model. Of the various Box-Cox forms, a restricted Box-Cox model was found to provide the best fit in this particular case. Estimates from the restricted Box-Cox model were used to create two experimental price indexes utilizing two different price adjustment methods, one based on the change in predicted price with a change in Internet service characteristics and another based on derived implicit prices. A third experimental index was calculated with the current BLS methodology that favors using semilog prices with predicted price adjustments. This article recommends that the BLS adopt, of the experimental methods presented, price adjustments using the predicted-price method based on the Box-Cox model. This model provides the best es- timation of a hedonic model for Internet service, and the predicted-price adjustment method is preferable to the alternative methods because it does not assume a fixed marginal price. The Box-Cox model produces more accurate estimates than the semilog model, and adjustments based on the predicted-price method allow the marginal price of a characteristic to vary, unlike adjustments made in accordance with the marginal-price adjustment method, which assumes that the marginal price of a characteristic remains fixed. The experimental indexes initially showed large downward discrepancies compared with the official index. The experimental indexes accounted for quality improvements that had not been accounted for in the official index, which treated improved, faster Internet service as if it were comparable to slower service. Later observations happened to push the experimental indexes higher. Over the long run, given improving quality, a hedonically adjusted index should decline more than an index that does not account for these quality improvements. It is recommended that hedonic adjustments be made to the official index for Internet service in order to help account for improving quality. Also, the Box-Cox functional form should be adopted in other CPI hedonic regressions, along with predicted price adjustments based on estimated Box-Cox models. Notes Greenstein, “Is the Price Right?” p. 20. 1 The BLS uses the term “experimental” to denote statistics produced outside the regular production systems used for “official” statistics. The experimental indexes are not considered to be of the same quality as the official indexes. 9 10 Ibid., p. 14. 2 John B. Horrigan, “Home Broadband Adoption 2006,” Pew Internet and American Life Project, May 28, 2006, on the Internet at www.pewinternet.org/ pdfs/PIP_Broadband_trends2006.pdf. 11 Hausman, Sidak, and Singer, “Cable Modems and DSL.” 12 Ibid., p. 340. 3 Greg Stranger and Shane Greenstein, “Pricing at the On-ramp to the Internet: Price Indexes for ISP’s during the 1990s,” on the Internet at www. nber.org/~confer/2003/CRIWf03/greenstein.pdf. 4 Kam Yu and Marc Prud’homme, “Econometric Issues in Hedonic Price Indices: The Case of Internet Service Providers,” Oct. 12, 2007, on the Internet at flash.lakeheadu.ca/%7Ekyu/Papers/ISP.pdf (visited July 15, 2008). 5 Ibid. 6 Shane Greenstein, “Is the Price Right? The CPI for Internet Access,” Report for the Bureau of Economic Analysis, Dec. 20, 2002, on the Internet at www.kellogg.northwestern.edu/faculty/greenstein/images/htm/Research/ WP/Is_the_price_right.pdf. 7 Ibid., p. 9. 8 See, for example, Jerry A. Hausman, J. Gregory Sidak, and Hal J. Singer, “Cable Modems and DSL: Broadband Internet Access for Residential Customers,” Papers and Proceedings of the Hundred Thirteenth Annual Meeting of the American Economic Association, American Economic Review, May 2001, pp. 302–07. 13 John B. Horrigan and Lee Rainie, “The Broadband Difference: How online Americans’ behavior changes with high-speed Internet connection at home,” Pew Internet and American Life Project, on the Internet at www.pewinternet. org/pdfs/PIP_Broadband_Report.pdf. 14 Tom Downes and Shane Greenstein, “Universal Access and Local Internet Markets in the U.S.,” Research Policy, September 2002, pp. 1035–52. 15 “Does the Residential Broadband Market Need Fixing?” (Congressional Budget Office, December 2003), on the Internet at www.cbo.gov/ftpdocs/ 48xx/doc4868/12–03-Broadband.pdf. 16 Nestor M. Arguea, Cheng Hsiao, and Grant A. Taylor, “Estimating Consumer Preferences Using Market Data—an Application to U.S. Automobile Demand,” Journal of Applied Econometrics, January–March 1994, pp. 1–18. 17 Sherwin Rosen, “Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition,” Journal of Political Economy, January–February 1974, pp. 34–55. 18 Jack Triplett, Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Application to Information Technology Products, STI Working Paper 2004/09, Oct. 8, 2004, on the Internet at www.oecd.org/ Monthly Labor Review • July 2008 47 Hedonic Model for Internet Access dataoecd/37/31/33789552.pdf; see especially pp. 185–86. can Statistical Association, December 1982, pp. 760–66; see especially p. 760. 19 Maureen L. Cropper, Leland B. Deck, and Kenneth E. McConnell, “On the Choice of Functional Form for Hedonic Price Functions,” Review of Economics and Statistics, November 1988), pp. 668–75. 27 For more on these imputation methods, see BLS Handbook of Methods, June 2007, chapter 17, “The Consumer Price Index,” on the Internet at www.bls. gov/opub/hom/pdf/homch17.pdf. 20 In cases where a transformation parameter equals 0, the logarithmic transformation is used instead of the usual Box-Cox transformation by that parameter. 21 Triplett, Handbook on Hedonic Indexes, p. 182. Cropper, Deck, and McConnell, “On the Choice of Functional Form,” p. 668. 22 23 Ibid., p. 671. 24 Horrigan, “Home Broadband,” p. ii. Yu and Prudhomme, “Econometric Issues in Hedonic Price Indices,” also used these two criteria to help select functional form. 25 26 John J. Spitzer, “A Fast and Efficient Algorithm for the Estimation of Parameters in Models with the Box-and-Cox Transformation,” Journal of the Ameri- 48 Monthly Labor Review • July 2008 28 Triplett, Handbook on Hedonic Indexes, p. 26. 29 Paul R. Liegey and Nicole Shepler, “Adjusting VCR prices for quality change: a study using hedonic methods,” Monthly Labor Review, September 1999, pp. 22–37; on the Internet at www.bls.gov/opub/mlr/1999/09/art3full.pdf. 30 Craig Brown and Anya Stockburger, “Item replacement and quality change in apparel price indexes,” Monthly Labor Review, December 2006, pp. 35–45; on the Internet at www.bls.gov/opub/mlr/2006/12/art3full.pdf. 31 The formula for the discrepancy between the experimental (adjusted) index and the official (unadjusted) index is (AdjustedIndext – UnadjustedIndext-1). In comparison, David S. Johnson, Stephen B. Reed, and Kenneth J. Stewart, “Price measurement in the United States: a decade after the Boskin Report, Monthly Labor Review, May 2006, pp 10–19 (on the Internet at www.bls.gov/opub/ mlr/2006/05/art2full.pdf), compared indexes with the formula (AdjustedIndext – UnadjustedIndext)/UnadjustedIndext. 32 Ibid. Précis Précis The optimal inflation rate a New-Keynesian model in order to take the next step and estimate the “What is the Optimal Inflation Rate?” optimal inflation rate. The model atask Roberto M. Billi and George A. tempts to keep inflation as low as posKahn in a recent article in the Federal sible while still hitting the zero bound Reserve Bank of Kansas City’s Econom- infrequently and remaining there for ic Review. Billi and Kahn are certainly only a short period of time. If his model is completely accunot the first people to ask this question, but they have made a rare attempt to rate and its underlying assumptions answer it using quantitative analysis. are correct, the optimal inflation rate Many central banks target specific is 0.7 percent per year. However, one rates of inflation; ideally, according to must take “model uncertainty” into Billi and Kahn, the goal is to attain the account, because greater uncertainty level of inflation that maximizes the regarding the model leads to greater public’s economic well-being. Inflation uncertainty about the economy’s recan be harmful to the economy because sponse to shocks. Bearing in mind it generally hurts creditors, discourages varying degrees of model certainty, saving, and increases tax burdens. It can Billi estimates an optimal inflation also distort prices because most com- rate between 0.7 percent (no model uncertainty) and 1.4 percent (extreme panies change prices infrequently. Nevertheless, there are reasons to model uncertainty). Under this policy, keep inflation above zero. First, main- the Federal funds rate is expected to taining some inflation decreases the reach the zero bound between 3.5 perpossibility of deflation, which is gener- cent and 7.5 percent of the time and ally considered by policymakers to be stay there for about two consecutive a more serious problem than inflation quarters. because it increases the real value of the money owed by debtors. Second, Surging oil prices low inflation leads to low interest rates. When nominal interest rates As nearly everyone knows, crude oil reach zero—a phenomenon known as prices have risen rapidly in the last hitting the zero lower bound—con- few years. Early in 2008, they rose to ventional monetary policy no longer record levels—considerably more than works. These two reasons constitute $100 per barrel. Even after adjusting policymakers’ primary rationale for for inflation, the price of a barrel of oil targeting an inflation rate above zero. recently surpassed its peak, reached in A third possible reason to aim for a 1980. After more than two decades positive inflation rate is that Billi and of relative stability, oil prices began Kahn, among other economists, believe to increase sharply in 2004, and they that most measures of inflation tend to have continued their steep ascent ever overstate it. since. According to the lead article in Economists David Reifschneider this issue of the Review (pp. 3–18), and John C. Williams have found in the Producer Price Index for crude econometric analyses that when zero petroleum increased 51.7 percent in percent inflation is targeted, the Federal 2007. Although sharp increases in funds rate is expected to reach the zero prices for many goods and services bound 14 percent of the time; when the can be jarring to consumers, surges in inflation target is 4 percent, the funds oil prices are particularly disruptive. rate is expected to hit zero less than 1 Rising oil prices have a direct effect percent of the time. Billi has simulated on prices for finished energy goods such as gasoline, home heating oil, diesel fuel, and residential electric power. What are the factors leading to the sharp increase in oil prices? Stephen P.A. Brown, Raghav Virmani, and Richard Alm examine this question in “Crude Awakening: Behind the Surge in Oil Prices” (Economic Letter, Federal Reserve Bank of Dallas, May 2008). Brown and his coauthors argue that much of the recent increase in crude oil prices can be attributed to “the fundamentals of supply and demand.” In turn, they examine each of the following factors: increased global demand for oil, the role played by expectations about future oil prices, the weakness of the dollar relative to other world currencies, and concerns about supply disruptions due to political instability in the regions where much of the world’s oil supply is located. As the authors observe, modern industrial economies are heavily dependent upon oil. As per capita income rises, economies consume more energy—for transportation, for heating and cooling, and for goods and services production—and global demand increases. In addition, demand for oil is relatively inelastic in the short term; it does not react quickly to changing prices. Thus, even small changes in the supply of oil can have a strong effect on prices. The authors predict that the same factors will continue to play the predominant role in the determination of oil prices in the future. On the one hand, if oil production has reached a plateau—or even its peak—prices are likely to increase further. They are likely to remain high if what the authors call “oil nationalism” continues to slow the development of new oil resources. On the other hand, if the oil-producing nations shift their recent strategy and increase their output, oil prices are likely to fall. Prices are also likely to fall if new oil resources are explored and developed aggressively. Monthly Labor Review • July 2008 49 Current Labor Statistics Monthly Labor Review July 2008 NOTE: Many of the statistics in the following pages were subsequently revised. These pages have not been updated to reflect the revisions. To obtain BLS data that reflect all revisions, see http://www.bls.gov/data/home.htm For the latest set of "Current Labor Statistics," see http://www.bls.gov/opub/mlr/curlabst.htm Current Labor Statistics Notes on current labor statistics . .............. 51 Comparative indicators 1. Labor market indicators..................................................... 63 2. Annual and quarterly percent changes in compensation, prices, and productivity........................... 64 3. Alternative measures of wages and compensation changes.................................................... 64 Labor force data 4. Employment status of the population, seasonally adjusted......................................................... 5. Selected employment indicators, seasonally adjusted......... 6. Selected unemployment indicators, seasonally adjusted..... 7. Duration of unemployment, seasonally adjusted................ 8. Unemployed persons by reason for unemployment, seasonally adjusted......................................................... 9. Unemployment rates by sex and age, seasonally adjusted ......................................................... 10. Unemployment rates by State, seasonally adjusted............. 11. Employment of workers by State, seasonally adjusted.......................................................... 12. Employment of workers by industry, seasonally adjusted.......................................................... 13. Average weekly hours by industry, seasonally adjusted....... 14. Average hourly earnings by industry, seasonally adjusted.......................................................... 15. Average hourly earnings by industry.................................. 16. Average weekly earnings by industry................................. 17. Diffusion indexes of employment change, seasonally adjusted ...................................................... 18. Job openings levels and rates, by industry and regions, seasonally adjusted........................................................ 19. Hires levels and rates by industry and region, seasonally adjusted........................................................ 20. Separations levels and rates by industry and region, seasonally adjusted......................................................... 21. Quits levels and rates by industry and region, seasonally adjusted........................................................ 65 66 67 67 Employment Cost Index, compensation .......................... 92 Employment Cost Index, wages and salaries .................... 94 Employment Cost Index, benefits, private industry .......... 96 Employment Cost Index, private industry workers, by bargaining status, and region..................................... 97 34. National Compensation Survey, retirement benefits, private industry ............................................................. 98 35. National Compensation Survey, health insurance, private industry............................................................... 101 36. National Compensation Survey, selected benefits, private industry.............................................................. 103 37. Work stoppages involving 1,000 workers or more............. 103 Price data 74 75 76 77 Productivity data 78 47. Indexes of productivity, hourly compensation, and unit costs, data seasonally adjusted.......................... 113 48. Annual indexes of multifactor productivity........................ 114 49. Annual indexes of productivity, hourly compensation, unit costs, and prices...................................................... 115 50. Annual indexes of output per hour for select industries..... 116 68 69 69 70 73 78 79 79 24. Annual data: Quarterly Census of Employment and Wages, by ownership............................................... 83 25. Annual data: Quarterly Census of Employment and Wages, establishment size and employment, by supersector....... 84 26. Annual data: Quarterly Census of Employment and Wages, by metropolitan area ......................................... 85 27. Annual data: Employment status of the population.......... 90 28. Annual data: Employment levels by industry ................. 90 29. Annual data: Average hours and earnings level, by industry..................................................................... 91 Monthly Labor Review • July 2008 30. 31. 32. 33. 38. Consumer Price Index: U.S. city average, by expenditure category and commodity and service groups.................. 104 39. Consumer Price Index: U.S. city average and local data, all items ........................................................ 107 40. Annual data: Consumer Price Index, all items and major groups........................................................... 108 41. Producer Price Indexes by stage of processing................... 109 42. Producer Price Indexes for the net output of major industry groups.............................................................. 110 43. Annual data: Producer Price Indexes by stage of processing..................................................... 111 44. U.S. export price indexes by end-use category................... 111 45. U.S. import price indexes by end-use category................... 112 46. U.S. international price indexes for selected categories of services...................................................... 112 68 22. Quarterly Census of Employment and Wages, 10 largest counties . ....................................................... 80 23. Quarterly Census of Employment and Wages, by State... 82 50 Labor compensation and collective bargaining data International comparisons data 51. Unemployment rates in 10 countries, seasonally adjusted......................................................... 120 52. Annual data: Employment status of the civilian working-age population, 10 countries........................... 121 53. Annual indexes of productivity and related measures, 16 economies................................................................ 122 Injury and Illness data 54. Annual data: Occupational injury and illness..................... 124 55. Fatal occupational injuries by event or exposure ................ 126 Notes on Current Labor Statistics This section of the Review presents the principal statistical series collected and calculated by the Bureau of Labor Statistics: series on labor force; employment; unemployment; labor compensation; consumer, producer, and international prices; productivity; international comparisons; and injury and illness statistics. In the notes that follow, the data in each group of tables are briefly described; key definitions are given; notes on the data are set forth; and sources of additional information are cited. General notes The following notes apply to several tables in this section: Seasonal adjustment. Certain monthly and quarterly data are adjusted to eliminate the effect on the data of such factors as climatic conditions, industry production schedules, opening and closing of schools, holiday buying periods, and vacation practices, which might prevent short-term evaluation of the statistical series. Tables containing data that have been adjusted are identified as “seasonally adjusted.” (All other data are not seasonally adjusted.) Seasonal effects are estimated on the basis of current and past experiences. When new seasonal factors are computed each year, revisions may affect seasonally adjusted data for several preceding years. Seasonally adjusted data appear in tables 1–14, 17–21, 48, and 52. Seasonally adjusted labor force data in tables 1 and 4–9 and seasonally adjusted establishment survey data shown in tables 1, 12–14, and 17 are revised in the March 2007 Review. A brief explanation of the seasonal adjustment methodology appears in “Notes on the data.” Revisions in the productivity data in table 54 are usually introduced in the September issue. Seasonally adjusted indexes and percent changes from month-to-month and 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 AllItems CPI. Only seasonally adjusted percent changes are available for this series. Adjustments for price changes. Some data—such as the “real” earnings shown in table 14—are adjusted to eliminate the effect of changes in price. These adjustments 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 1982 = 100, the hourly rate expressed in 1982 dollars is $2 ($3/150 x 100 = $2). The $2 (or any other resulting values) are described as “real,” “constant,” or “1982” dollars. Sources of information Data that supplement the tables in this section are published by the Bureau in a variety of sources. Definitions of each series and notes on the data are contained in later sections of these Notes describing each set of data. For detailed descriptions of each data series, see BLS Handbook of Methods, Bulletin 2490. Users also may wish to consult Major Programs of the Bureau of Labor Statistics, Report 919. News releases provide the latest statistical information published by the Bureau; the major recurring releases are published according to the schedule appearing on the back cover of this issue. More information about labor force, employment, and unemployment data and the household and establishment surveys underlying the data are available in the Bureau’s monthly publication, Employment and Earnings. Historical unadjusted and seasonally adjusted data from the household survey are available on the Internet: www.bls.gov/cps/ Historically comparable unadjusted and seasonally adjusted data from the establishment survey also are available on the Internet: www.bls.gov/ces/ Additional information on labor force data for areas below the national level are provided in the BLS annual report, Geographic Profile of Employment and Unemployment. For a comprehensive discussion of the Employment Cost Index, see Employment Cost Indexes and Levels, 1975–95, BLS Bulletin 2466. The most recent data from the Employee Benefits Survey appear in the following Bureau of Labor Statistics bulletins: Employee Benefits in Medium and Large Firms; Employee Benefits in Small Private Establishments; and Employee Benefits in State and Local Governments. More detailed data on consumer and producer prices are published in the monthly periodicals, The CPI Detailed Report and Producer Price Indexes. For an overview of the 1998 revision of the CPI, see the December 1996 issue of the Monthly Labor Review. Additional data on international prices appear in monthly news releases. Listings of industries for which productivity indexes are available may be found on the Internet: www.bls.gov/lpc/ For additional information on international comparisons data, see Interna- tional Comparisons of Unemployment, Bulletin 1979. Detailed data on the occupational injury and illness series are published in Occupational Injuries and Illnesses in the United States, by Industry, a BLS annual bulletin. Finally, the Monthly Labor Review carries analytical articles on annual and longer term developments in labor force, employment, and unemployment; employee compensation and collective bargaining; prices; productivity; international comparisons; and injury and illness data. Symbols n.e.c. = n.e.s. = p = r = not elsewhere classified. not elsewhere specified. preliminary. To increase the timeliness of some series, preliminary figures are issued based on representative but incomplete returns. revised. Generally, this revision reflects the availability of later data, but also may reflect other adjustments. Comparative Indicators (Tables 1–3) Comparative indicators tables provide an overview and comparison of major bls statistical series. Consequently, although many of the included series are available monthly, all measures in these comparative tables are presented quarterly and annually. Labor market indicators include employment measures from two major surveys and information on rates of change in compensation provided by the Employment Cost Index (ECI) program. The labor force participation rate, the employment-population ratio, and unemployment rates for major demographic groups based on the Current Population (“household”) Survey are presented, while measures of employment and average weekly hours by major industry sector are given using nonfarm payroll data. The Employment Cost Index (compensation), by major sector and by bargaining status, is chosen from a variety of BLS compensation and wage measures because it provides a comprehensive measure of employer costs for hiring labor, not just outlays for wages, and it is not affected by employment shifts among occupations and industries. Data on changes in compensation, prices, and productivity are presented in table 2. Measures of rates of change of compensation Monthly Labor Review • July 2008 51 Current Labor Statistics and wages from the Employment Cost Index program are provided for all civilian nonfarm workers (excluding Federal and household workers) and for all private nonfarm workers. Measures of changes in consumer prices for all urban consumers; producer prices by stage of processing; overall prices by stage of processing; and overall export and import price indexes are given. Measures of productivity (output per hour of all persons) are provided for major sectors. Alternative measures of wage and compensation rates of change, which reflect the overall trend in labor costs, are summarized in table 3. Differences in concepts and scope, related to the specific purposes of the series, contribute to the variation in changes among the individual measures. Employment and Unemployment Data 4 weeks. Persons who did not look for work because they were on layoff are also counted among the unemployed. The unemployment rate represents the number unemployed as a percent of the civilian labor force. The civilian labor force consists of all employed or unemployed persons in the civilian noninstitutional population. Persons not in the labor force are those not classified as employed or unemployed. This group includes discouraged workers, defined as persons who want and are available for a job and who have looked for work sometime in the past 12 months (or since the end of their last job if they held one within the past 12 months), but are not currently looking, because they believe there are no jobs available or there are none for which they would qualify. The civilian noninstitutional population comprises all persons 16 years of age and older who are not inmates of penal or mental institutions, sanitariums, or homes for the aged, infirm, or needy. The civilian labor force participation rate is the proportion of the civilian noninstitutional population that is in the labor force. The employment-population ratio is employment as a percent of the civilian noninstitutional population. (Tables 1; 4–29) Notes on the data Household survey 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 intercensal years. These adjustments affect the comparability of historical data. A description of these adjustments and their effect on the various data series appears in the Explanatory Notes of Employment and Earnings. For a discussion of changes introduced in January 2003, see “Revisions to the Current Population Survey Effective in January 2003” in the February 2003 issue of Employment and Earnings (available on the BLS Web site at www.bls.gov/cps/rvcps03.pdf). Effective in January 2003, BLS began using the X-12 ARIMA seasonal adjustment program to seasonally adjust national labor force data. This program replaced the X-11 ARIMA program which had been used since January 1980. See “Revision of Seasonally Adjusted Labor Force Series in 2003,” in the February 2003 issue of Employment and Earnings (available on the BLS Web site at www.bls.gov/cps/cpsrs.pdf) for a discussion of the introduction of the use of X-12 ARIMA for seasonal adjustment of the labor force data and the effects that it had on the data. At the beginning of each calendar year, historical seasonally adjusted data usually are revised, and projected seasonal adjustment factors are calculated for use during the Notes on the data Definitions of each series and notes on the data are contained in later sections of these notes describing each set of data. Description of the series Employment data 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. Households are interviewed on a rotating basis, so that three-fourths of the sample is the same for any 2 consecutive months. Definitions Employed persons include (1) all those 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. 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 52 Monthly Labor Review • July 2008 January–June period. The historical seasonally adjusted data usually are revised for only the most recent 5 years. In July, new seasonal adjustment factors, which incorporate the experience through June, are produced for the July–December period, but no revisions are made in the historical data. F OR ADDITIONAL INFORMATION on national household survey data, contact the Division of Labor Force Statistics: (202) 691–6378. Establishment survey data Description of the series Employment, hours, and earnings data in this section are compiled from payroll records reported monthly on a voluntary basis to the Bureau of Labor Statistics and its cooperating State agencies by about 160,000 businesses and government agencies, which represent approximately 400,000 individual worksites and represent all industries except agriculture. The active CES sample covers approximately one-third of all nonfarm payroll workers. Industries are classified in accordance with the 2002 North American Industry Classification System. 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.) Self-employed 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 surveys. Definitions An establishment is an economic unit which produces goods or services (such as a factory or store) at a single location and is engaged in one type of economic activity. Employed persons are all persons who received pay (including holiday and sick pay) for any part of the payroll period including the 12th day 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 the goodsproducing industries cover employees, up through the level of working supervisors, who engage directly in the manufacture or construction of the establishment’s product. In private service-providing industries, data are collected for nonsupervisory workers, which include most employees except those in executive, managerial, and supervisory positions. Those workers mentioned in tables 11–16 include production workers in manufacturing and natural resources and mining; construction workers in construction; and nonsupervisory workers in all private service-providing industries. Production and nonsupervisory workers account for about four-fifths of the total employment on private nonagricultural payrolls. Earnings are the payments production or nonsupervisory workers receive 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). Hours represent the average weekly hours of production or nonsupervisory workers for which pay was received, and are different from standard or scheduled hours. Overtime hours represent the portion of average weekly hours which was in excess of regular hours and for which overtime premiums were paid. The Diffusion Index represents the percent of industries in which employment was rising over the indicated period, plus one-half of the industries with unchanged employment; 50 percent indicates an equal balance between industries with increasing and decreasing employment. In line with Bureau practice, data for the 1-, 3-, and 6month spans are seasonally adjusted, while those for the 12-month span are unadjusted. Table 17 provides an index on private nonfarm employment based on 278 industries, and a manufacturing index based on 84 industries. These indexes are useful for measuring the dispersion of economic gains or losses and are also economic indicators. Notes on the data Establishment survey data are annually adjusted to comprehensive counts of employment (called “benchmarks”). The March 2003 benchmark was introduced in February 2004 with the release of data for January 2004, published in the March 2004 issue of the Review. With the release in June 2003, CES completed a conversion from the Standard Industrial Classification (SIC) system to the North American Industry Classification System (naics) and completed the transition from its original quota sample design to a probability-based sample design. The industry-coding update included reconstruction of historical estimates in order to preserve time series for data users. Normally 5 years of seasonally adjusted data are revised with each benchmark revision. However, with this release, the entire new time series history for all CES data series were re-seasonally adjusted due to the NAICS conversion, which resulted in the revision of all CES time series. Also in June 2003, the CES program introduced concurrent seasonal adjustment for the national establishment data. Under this methodology, the first preliminary estimates for the current reference month and the revised estimates for the 2 prior months will be updated with concurrent factors with each new release of data. Concurrent seasonal adjustment incorporates all available data, including first preliminary estimates for the most current month, in the adjustment process. For additional information on all of the changes introduced in June 2003, see the June 2003 issue of Employment and Earnings and “Recent changes in the national Current Employment Statistics survey,” Monthly Labor Review, June 2003, pp. 3–13. Revisions in State data (table 11) occurred with the publication of January 2003 data. For information on the revisions for the State data, see the March and May 2003 issues of Employment and Earnings, and “Recent changes in the State and Metropolitan Area CES survey,” Monthly Labor Review, June 2003, pp. 14–19. Beginning in June 1996, the BLS uses the X-12-ARIMA methodology to seasonally adjust establishment survey data. This procedure, developed by the Bureau of the Census, controls for the effect of varying survey intervals (also known as the 4- versus 5-week effect), thereby providing improved measurement of over-the-month changes and underlying economic trends. Revisions of data, usually for the most recent 5-year period, are made once a year coincident with the benchmark revisions. In the establishment survey, estimates for the most recent 2 months are based on incomplete returns and are published as preliminary in the tables (12–17 in the Review). When all returns have been received, the estimates are revised and published as “final” (prior to any benchmark revisions) in the third month of their appearance. Thus, December data are published as preliminary in January and February and as final in March. For the same reasons, quarterly establishment data (table 1) are preliminary for the first 2 months of publication and final in the third month. Fourth-quarter data are published as preliminary in January and February and as final in March. F OR ADDITIONAL INFORMATION on establishment survey data, contact the Division of Current Employment Statistics: (202) 691–6555. Unemployment data by State Description of the series Data presented in this section are obtained from the Local Area Unemployment Statistics (LAUS) program, which is conducted in cooperation with State employment security agencies. Monthly estimates of the labor force, employment, and unemployment for States and sub-State areas are a key indicator of local economic conditions, and form the basis for determining the eligibility of an area for benefits under Federal economic assistance programs such as the Job Training Partnership Act. Seasonally adjusted unemployment rates are presented in table 10. Insofar as possible, the concepts and definitions underlying these data are those used in the national estimates obtained from the CPS. Notes on the data Data refer to State of residence. Monthly data for all States and the District of Columbia are derived using standardized procedures established by BLS. Once a year, estimates are revised to new population controls, usually with publication of January estimates, and benchmarked to annual average CPS levels. FOR ADDITIONAL INFORMATION on data in this series, call (202) 691–6392 (table 10) or (202) 691–6559 (table 11). Quarterly Census of Employment and Wages Description of the series Employment, wage, and establishment data in this section are derived from the quarterly tax reports submitted to State employment security agencies by private and State and local government employers subject to State unemployment insurance (ui) laws and from Federal, agencies subject to the Unemployment Compensation for Federal Employees (ucfe) program. Each quarter, State agencies edit and process the data and send the information to the Bureau of Labor Statistics. The Quarterly Census of Employment and Wages (QCEW) data, also referred as ES202 data, are the most complete enumeration of employment and wage information by industry at the national, State, metropolitan area, and county levels. They have broad economic significance in evaluating labor Monthly Labor Review • July 2008 53 Current Labor Statistics market trends and major industry developments. Definitions In general, the Quarterly Census of Employment and Wages monthly employment data represent the number of covered workers who worked during, or received pay for, the pay period that included the 12th day of the month. Covered private industry employment includes most corporate officials, executives, supervisory personnel, professionals, clerical workers, wage earners, piece workers, and part-time workers. It excludes proprietors, the unincorporated self-employed, unpaid family members, and certain farm and domestic workers. Certain types of nonprofit employers, such as religious organizations, are given a choice of coverage or exclusion in a number of States. Workers in these organizations are, therefore, reported to a limited degree. Persons on paid sick leave, paid holiday, paid vacation, and the like, are included. Persons on the payroll of more than one firm during the period are counted by each ui-subject employer if they meet the employment definition noted earlier. The employment count excludes workers who earned no wages during the entire applicable pay period because of work stoppages, temporary layoffs, illness, or unpaid vacations. Federal employment data are based on reports of monthly employment and quarterly wages submitted each quarter to State agencies for all Federal installations with employees covered by the Unemployment Compensation for Federal Employees (ucfe) program, except for certain national security agencies, which are omitted for security reasons. Employment for all Federal agencies for any given month is based on the number of persons who worked during or received pay for the pay period that included the 12th of the month. An establishment is an economic unit, such as a farm, mine, factory, or store, that produces goods or provides services. It is typically at a single physical location and engaged in one, or predominantly one, type of economic activity for which a single industrial classification may be applied. Occasionally, a single physical location encompasses two or more distinct and significant activities. Each activity should be reported as a separate establishment if separate records are kept and the various activities are classified under different NAICS industries. Most employers have only one establishment; thus, the establishment is the predominant reporting unit or statistical 54 Monthly Labor Review • July 2008 entity for reporting employment and wages data. Most employers, including State and local governments who operate more than one establishment in a State, file a Multiple Worksite Report each quarter, in addition to their quarterly ui report. The Multiple Worksite Report is used to collect separate employment and wage data for each of the employer’s establishments, which are not detailed on the ui report. Some very small multi-establishment employers do not file a Multiple Worksite Report. When the total employment in an employer’s secondary establishments (all establishments other than the largest) is 10 or fewer, the employer generally will file a consolidated report for all establishments. Also, some employers either cannot or will not report at the establishment level and thus aggregate establishments into one consolidated unit, or possibly several units, though not at the establishment level. For the Federal Government, the reporting unit is the installation: a single location at which a department, agency, or other government body has civilian employees. Federal agencies follow slightly different criteria than do private employers when breaking down their reports by installation. They are permitted to combine as a single statewide unit: 1) all installations with 10 or fewer workers, and 2) all installations that have a combined total in the State of fewer than 50 workers. Also, when there are fewer than 25 workers in all secondary installations in a State, the secondary installations may be combined and reported with the major installation. Last, if a Federal agency has fewer than five employees in a State, the agency headquarters office (regional office, district office) serving each State may consolidate the employment and wages data for that State with the data reported to the State in which the headquarters is located. As a result of these reporting rules, the number of reporting units is always larger than the number of employers (or government agencies) but smaller than the number of actual establishments (or installations). Data reported for the first quarter are tabulated into size categories ranging from worksites of very small size to those with 1,000 employees or more. The size category is determined by the establishment’s March employment level. It is important to note that each establishment of a multi-establishment firm is tabulated separately into the appropriate size category. The total employment level of the reporting multi-establishment firm is not used in the size tabulation. Covered employers in most States report total wages paid during the calendar quarter, regardless of when the services were performed. A few State laws, however, specify that wages be reported for, or based on the period during which services are performed rather than the period during which compensation is paid. Under most State laws or regulations, wages include bonuses, stock options, the cash value of meals and lodging, tips and other gratuities, and, in some States, employer contributions to certain deferred compensation plans such as 401(k) plans. Covered employer contributions for old-age, survivors, and disability insurance (oasdi), health insurance, unemployment insurance, workers’ compensation, and private pension and welfare funds are not reported as wages. Employee contributions for the same purposes, however, as well as money withheld for income taxes, union dues, and so forth, are reported even though they are deducted from the worker’s gross pay. Wages of covered Federal workers represent the gross amount of all payrolls for all pay periods ending within the quarter. This includes cash allowances, the cash equivalent of any type of remuneration, severance pay, withholding taxes, and retirement deductions. Federal employee remuneration generally covers the same types of services as for workers in private industry. Average annual wage per employee for any given industry are computed by dividing total annual wages by annual average employment. A further division by 52 yields average weekly wages per employee. Annual pay data only approximate annual earnings because an individual may not be employed by the same employer all year or may work for more than one employer at a time. Average weekly or annual wage is affected by the ratio of full-time to part-time workers as well as the number of individuals in high-paying and low-paying occupations. When average pay levels between States and industries are compared, these factors should be taken into consideration. For example, industries characterized by high proportions of part-time workers will show average wage levels appreciably less than the weekly pay levels of regular full-time employees in these industries. The opposite effect characterizes industries with low proportions of part-time workers, or industries that typically schedule heavy weekend and overtime work. Average wage data also may be influenced by work stoppages, labor turnover rates, retroactive payments, seasonal factors, bonus payments, and so on. Notes on the data Beginning with the release of data for 2001, publications presenting data from the Covered Employment and Wages program have switched to the 2002 version of the North American Industry Classification System (NAICS) as the basis for the assignment and tabulation of economic data by industry. NAICS is the product of a cooperative effort on the part of the statistical agencies of the United States, Canada, and Mexico. Due to difference in NAICS and Standard Industrial Classification ( SIC) structures, industry data for 2001 is not comparable to the SIC-based data for earlier years. Effective January 2001, the program began assigning Indian Tribal Councils and related establishments to local government ownership. This BLS action was in response to a change in Federal law dealing with the way Indian Tribes are treated under the Federal Unemployment Tax Act. This law requires federally recognized Indian Tribes to be treated similarly to State and local governments. In the past, the Covered Employment and Wage (CEW) program coded Indian Tribal Councils and related establishments in the private sector. As a result of the new law, CEW data reflects significant shifts in employment and wages between the private sector and local government from 2000 to 2001. Data also reflect industry changes. Those accounts previously assigned to civic and social organizations were assigned to tribal governments. There were no required industry changes for related establishments owned by these Tribal Councils. These tribal business establishments continued to be coded according to the economic activity of that entity. To insure the highest possible quality of data, State employment security agencies verify with employers and update, if necessary, the industry, location, and ownership classification of all establishments on a 3-year cycle. Changes in establishment classification codes resulting from the verification process are introduced with the data reported for the first quarter of the year. Changes resulting from improved employer reporting also are introduced in the first quarter. For these reasons, some data, especially at more detailed geographic levels, may not be strictly comparable with earlier years. County definitions are assigned according to Federal Information Processing Standards Publications as issued by the National Institute of Standards and Technology. Areas shown as counties include those designated as independent cities in some jurisdictions and, in Alaska, those areas designated by the Census Bureau where counties have not been created. County data also are presented for the New England States for comparative purposes, even though townships are the more common designation used in New England (and New Jersey). The Office of Management and Budget (OMB) defines metropolitan areas for use in Federal statistical activities and updates these definitions as needed. Data in this table use metropolitan area criteria established by OMB in definitions issued June 30, 1999 (OMB Bulletin No. 99-04). These definitions reflect information obtained from the 1990 Decennial Census and the 1998 U.S. Census Bureau population estimate. A complete list of metropolitan area definitions is available from the National Technical Information Service (NTIS), Document Sales, 5205 Port Royal Road, Springfield, Va. 22161, telephone 1-800-553-6847. OMB defines metropolitan areas in terms of entire counties, except in the six New England States where they are defined in terms of cities and towns. New England data in this table, however, are based on a county concept defined by OMB as New England County Metropolitan Areas (NECMA) because county-level data are the most detailed available from the Quarterly Census of Employment and Wages. The NECMA is a county-based alternative to the city- and town-based metropolitan areas in New England. The NECMA for a Metropolitan Statistical Area (MSA) include: (1) the county containing the first-named city in that MSA title (this county may include the first-named cities of other MSA, and (2) each additional county having at least half its population in the MSA in which first-named cities are in the county identified in step 1. The NECMA is officially defined areas that are meant to be used by statistical programs that cannot use the regular metropolitan area definitions in New England. For additional information on the covered employment and wage data, contact the Division of Administrative Statistics and Labor Turnover at (202) 691–6567. Job Openings and Labor Turnover Survey Description of the series Data for the Job Openings and Labor Turnover Survey (JOLTS) are collected and compiled from a sample of 16,000 business establishments. Each month, data are collected for total employment, job openings, hires, quits, layoffs and discharges, and other separations. The JOLTS program covers all private nonfarm establishments such as factories, offices, and stores, as well as Federal, State, and local government entities in the 50 States and the District of Columbia. The JOLTS sample design is a random sample drawn from a universe of more than eight million establishments compiled as part of the operations of the Quarterly Census of Employment and Wages, or QCEW, program. This program includes all employers subject to State unemployment insurance (UI) laws and Federal agencies subject to Unemployment Compensation for Federal Employees (UCFE). The sampling frame is stratified by ownership, region, industry sector, and size class. Large firms fall into the sample with virtual certainty. JOLTS total employment estimates are controlled to the employment estimates of the Current Employment Statistics (CES) survey. A ratio of CES to JOLTS employment is used to adjust the levels for all other JOLTS data elements. Rates then are computed from the adjusted levels. The monthly JOLTS data series begin with December 2000. Not seasonally adjusted data on job openings, hires, total separations, quits, layoffs and discharges, and other separations levels and rates are available for the total nonfarm sector, 16 private industry divisions and 2 government divisions based on the North American Industry Classification System (NAICS), and four geographic regions. Seasonally adjusted data on job openings, hires, total separations, and quits levels and rates are available for the total nonfarm sector, selected industry sectors, and four geographic regions. Definitions Establishments submit job openings infor-mation for the last business day of the reference month. A job opening requires that (1) a specific position exists and there is work available for that position; and (2) work could start within 30 days regardless of whether a suitable candidate is found; and (3) the employer is actively recruiting from outside the establishment to fill the position. Included are full-time, part-time, permanent, short-term, and seasonal openings. Active recruiting means that the establishment is taking steps to fill a position by advertising in newspapers or on the Internet, posting help-wanted signs, accepting applications, or using other similar methods. Jobs to be filled only by internal transfers, promotions, demotions, or recall from layoffs are excluded. Also excluded are jobs with start dates more than 30 days in the future, jobs for which employees have been hired but have not yet reported for work, and jobs to be filled by employees of temporary help agencies, employee leasing companies, outside contractors, or consultants. The job openings rate is computed by dividing the number of job openings by the sum of employment and Monthly Labor Review • July 2008 55 Current Labor Statistics job openings, and multiplying that quotient by 100. Hires are the total number of additions to the payroll occurring at any time during the reference month, including both new and rehired employees and full-time and parttime, permanent, short-term and seasonal employees, employees recalled to the location after a layoff lasting more than 7 days, on-call or intermittent employees who returned to work after having been formally separated, and transfers from other locations. The hires count does not include transfers or promotions within the reporting site, employees returning from strike, employees of temporary help agencies or employee leasing companies, outside contractors, or consultants. The hires rate is computed by dividing the number of hires by employment, and multiplying that quotient by 100. Separations are the total number of terminations of employment occurring at any time during the reference month, and are reported by type of separation—quits, layoffs and discharges, and other separations. Quits are voluntary separations by employees (except for retirements, which are reported as other separations). Layoffs and discharges are involuntary separations initiated by the employer and include layoffs with no intent to rehire, formal layoffs lasting or expected to last more than 7 days, discharges resulting from mergers, downsizing, or closings, firings or other discharges for cause, terminations of permanent or short-term employees, and terminations of seasonal employees. Other separations include retirements, transfers to other locations, deaths, and separations due to disability. Separations do not include transfers within the same location or employees on strike. The separations rate is computed by dividing the number of separations by employment, and multiplying that quotient by 100. The quits, layoffs and discharges, and other separations rates are computed similarly, dividing the number by employment and multiplying by 100. Notes on the data The JOLTS data series on job openings, hires, and separations are relatively new. The full sample is divided into panels, with one panel enrolled each month. A full complement of panels for the original data series based on the 1987 Standard Industrial Classification (SIC) system was not completely enrolled in the survey until January 2002. The supplemental panels of establishments needed to 56 Monthly Labor Review • July 2008 create NAICS estimates were not completely enrolled until May 2003. The data collected up until those points are from less than a full sample. Therefore, estimates from earlier months should be used with caution, as fewer sampled units were reporting data at that time. In March 2002, BLS procedures for collecting hires and separations data were revised to address possible underreporting. As a result, JOLTS hires and separations estimates for months prior to March 2002 may not be comparable with estimates for March 2002 and later. The Federal Government reorganization that involved transferring approximately 180,000 employees to the new Department of Homeland Security is not reflected in the JOLTS hires and separations estimates for the Federal Government. The Office of Personnel Management’s record shows these transfers were completed in March 2003. The inclusion of transfers in the JOLTS definitions of hires and separations is intended to cover ongoing movements of workers between establishments. The Department of Homeland Security reorganization was a massive one-time event, and the inclusion of these intergovernmental transfers would distort the Federal Government time series. Data users should note that seasonal adjustment of the JOLTS series is conducted with fewer data observations than is customary. The historical data, therefore, may be subject to larger than normal revisions. Because the seasonal patterns in economic data series typically emerge over time, the standard use of moving averages as seasonal filters to capture these effects requires longer series than are currently available. As a result, the stable seasonal filter option is used in the seasonal adjustment of the JOLTS data. When calculating seasonal factors, this filter takes an average for each calendar month after detrending the series. The stable seasonal filter assumes that the seasonal factors are fixed; a necessary assumption until sufficient data are available. When the stable seasonal filter is no longer needed, other program features also may be introduced, such as outlier adjustment and extended diagnostic testing. Additionally, it is expected that more series, such as layoffs and discharges and additional industries, may be seasonally adjusted when more data are available. JOLTS hires and separations estimates cannot be used to exactly explain net changes in payroll employment. Some reasons why it is problematic to compare changes in payroll employment with JOLTS hires and separations, especially on a monthly basis, are: (1) the reference period for payroll employment is the pay period including the 12th of the month, while the reference period for hires and separations is the calendar month; and (2) payroll employment can vary from month to month simply because part-time and oncall workers may not always work during the pay period that includes the 12th of the month. Additionally, research has found that some reporters systematically underreport separations relative to hires due to a number of factors, including the nature of their payroll systems and practices. The shortfall appears to be about 2 percent or less over a 12-month period. F OR ADDITIONAL INFORMATION on the Job Openings and Labor Turnover Survey, contact the Division of Administrative Statistics and Labor Turnover at (202) 961–5870. Compensation and Wage Data (Tables 1–3; 30–37) The National Compensation Survey (NCS) produces a variety of compensation data. These include: The Employment Cost Index (ECI) and NCS benefit measures of the incidence and provisions of selected employee benefit plans. Selected samples of these measures appear in the following tables. NCS also compiles data on occupational wages and the Employer Costs for Employee Compensation (ECEC). Employment Cost Index Description of the series The Employment Cost Index (ECI) is a quarterly measure of the rate of change in compensation per hour worked and includes wages, salaries, and employer costs of employee benefits. It is a Laspeyres Index that uses fixed employment weights to measure change in labor costs free from the influence of employment shifts among occupations and industries. The ECI provides data for the civilian economy, which includes the total private nonfarm economy excluding private households, and the public sector excluding the Federal government. Data are collected each quarter for the pay period including the 12th day of March, June, September, and December. Sample establishments are classified by industry categories based on the 2002 North American Classification System (NAICS). Within a sample establishment, specific job categories are selected and classified into about 800 occupations according to the 2000 Standard Occupational Classification (SOC) System. Individual occupations are combined to represent one of ten intermediate aggregations, such as professional and related occupations, or one of five higher level aggregations, such as management, professional, and related occupations. Fixed employment weights are used each quarter to calculate the most aggregate series—civilian, private, and State and local government. These fixed weights are also used to derive all of the industry and occupational series indexes. Beginning with the March 2006 estimates, 2002 fixed employment weights from the Bureau’s Occupational Employment Statistics survey were introduced. From March 1995 to December 2005, 1990 employment counts were used. These fixed weights ensure that changes in these indexes reflect only changes in compensation, not employment shifts among industries or occupations with different levels of wages and compensation. For the series based on bargaining status, census region and division, and metropolitan area status, fixed employment data are not available. The employment weights are reallocated within these series each quarter based on the current eci sample. The indexes for these series, consequently, are not strictly comparable with those for aggregate, occupational, and industry series. Definitions Total compensation costs include wages, salaries, and the employer’s costs for employee benefits. Wages and salaries consist of earnings before payroll deductions, including production bonuses, incentive earnings, commissions, and cost-of-living adjustments. Benefits include the cost to employers for paid leave, supplemental pay (including nonproduction bonuses), insurance, retirement and savings plans, and legally required benefits (such as Social Security, workers’ compensation, and unemployment insurance). Excluded from wages and salaries and employee benefits are such items as paymentin-kind, free room and board, and tips. Notes on the data The ECI data in these tables reflect the con-version to the 2002 North American Industry Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. The NAICS and SOC data shown prior to 2006 are for informational purposes only. ECI series based on NAICS and SOC became the official BLS estimates starting in March 2006. The ECI for changes in wages and salaries in the private nonfarm economy was published beginning in 1975. Changes in total compensation cost—wages and salaries and benefits combined—were published beginning in 1980. The series of changes in wages and salaries and for total compensation in the State and local government sector and in the civilian nonfarm economy (excluding Federal employees) were published beginning in 1981. Historical indexes (December 2005=100) are available on the Internet: www.bls.gov/ect/ A DDITIONAL INFORMATION on the Employment Cost Index is available at www. bls.gov/ncs/ect/home.htm or by telephone at (202) 691–6199. National Compensation Survey Benefit Measures Description of the series NCS benefit measures of employee benefits are published in two separate reports. The annual summary provides data on the incidence of (access to and participation in) selected benefits and provisions of paid holidays and vacations, life insurance plans, and other selected benefit programs. Data on percentages of establishments offering major employee benefits, and on the employer and employee shares of contributions to medical care premiums also are presented. Selected benefit data appear in the following tables. A second publication, published later, contains more detailed information about health and retirement plans. Definitions Employer-provided benefits are benefits that are financed either wholly or partly by the employer. They may be sponsored by a union or other third party, as long as there is some employer financing. However, some benefits that are fully paid for by the employee also are included. For example, long-term care insurance paid entirely by the employee are included because the guarantee of insurability and availability at group premium rates are considered a benefit. Employees are considered as having access to a benefit plan if it is available for their use. For example, if an employee is permitted to participate in a medical care plan offered by the employer, but the employee declines to do so, he or she is placed in the category with those having access to medical care. Employees in contributory plans are considered as participating in an insurance or retirement plan if they have paid required contributions and fulfilled any applicable service requirement. Employees in noncontributory plans are counted as participating regardless of whether they have fulfilled the service requirements. Defined benefit pension plans use predetermined formulas to calculate a retirement benefit (if any), and obligate the employer to provide those benefits. Benefits are generally based on salary, years of service, or both. Defined contribution plans generally specify the level of employer and employee contributions to a plan, but not the formula for determining eventual benefits. Instead, individual accounts are set up for participants, and benefits are based on amounts credited to these accounts. Tax-deferred savings plans are a type of defined contribution plan that allow participants to contribute a portion of their salary to an employer-sponsored plan and defer income taxes until withdrawal. Flexible benefit plans allow employees to choose among several benefits, such as life insurance, medical care, and vacation days, and among several levels of coverage within a given benefit. Notes on the data ADDITIONAL INFORMATION ON THE NCS benefit measures is available at www.bls. gov/ncs/ebs/home.htm or by telephone at (202) 691–6199. Work stoppages Description of the series Data on work stoppages measure the number and duration of major strikes or lockouts (involving 1,000 workers or more) occurring during the month (or year), the number of workers involved, and the amount of work time lost because of stoppage. These data are presented in table 37. Data are largely from a variety of published sources and cover only establishments directly involved in a stoppage. They do not measure the indirect or secondary effect of stoppages on other establishments whose employees are idle owing to material shortages or lack of service. Definitions Number of stoppages: The number of Monthly Labor Review • July 2008 57 Current Labor Statistics strikes and lockouts involving 1,000 workers or more and lasting a full shift or longer. Workers involved: The number of workers directly involved in the stoppage. Number of days idle: The aggregate number of workdays lost by workers involved in the stoppages. Days of idleness as a percent of estimated working time: Aggregate workdays lost as a percent of the aggregate number of standard workdays in the period multiplied by total employment in the period. Notes on the data This series is not comparable with the one terminated in 1981 that covered strikes involving six workers or more. A DDITIONAL INFORMATION on work stop-pages data is available at www. bls. gov/cba/home.htm or by telephone at (202) 691–6199. Price Data (Tables 2; 38–46) Price data 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—December 2003 = 100 for many Producer Price Indexes (unless otherwise noted), 1982–84 = 100 for many Consumer Price Indexes (unless otherwise noted), and 1990 = 100 for International Price Indexes. Consumer Price Indexes Description of the series The Consumer Price Index (CPI) is a measure of the average change in the prices paid by urban consumers for a fixed market basket of goods and services. The CPI is calculated monthly for two population groups, one consisting only of urban households whose primary source of income is derived from the employment of wage earners and clerical workers, and the other consisting of all urban households. The wage earner index (CPI-W) is a continuation of the historic index that was introduced well over a half-century ago for use in wage negotiations. As new uses were developed for the CPI in recent years, the need for a broader and more representative index became apparent. The all-urban consumer index (CPI-U), introduced in 1978, is representative of the 1993–95 buying habits of about 87 percent of the noninstitutional population of the United States at that time, compared 58 Monthly Labor Review • July 2008 with 32 percent represented in the CPI-W. In addition to wage earners and clerical workers, the CPI-U covers professional, managerial, and technical workers, the self-employed, shortterm 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 services that people buy for day-to-day living. The quantity and quality of these items are kept essentially unchanged between major revisions so that only price changes will be measured. All taxes directly associated with the purchase and use of items are included in the index. Data collected from more than 23,000 retail establishments and 5,800 housing units in 87 urban areas across the country are used to develop the “U.S. city average.” Separate estimates for 14 major urban centers are presented in table 39. The areas listed are as indicated in footnote 1 to the table. The area indexes measure only the average change in prices for each area since the base period, and do not indicate differences in the level of prices among cities. Notes on the data In January 1983, the Bureau changed the way in which homeownership costs are meaured for the CPI-U. A rental equivalence method replaced the asset-price approach to homeownership costs for that series. In January 1985, the same change was made in the CPI-W. The central purpose of the change was to separate shelter costs from the investment component of homeownership so that the index would reflect only the cost of shelter services provided by owner-occupied homes. An updated CPI-U and CPI-W were introduced with release of the January 1987 and January 1998 data. FOR ADDITIONAL INFORMATION, contact the Division of Prices and Price Indexes: (202) 691–7000. Producer Price Indexes Description of the series Producer Price Indexes (PPI) measure average changes in prices received by domestic producers of commodities in all stages of processing. The sample used for calculating these indexes currently contains about 3,200 commodities and about 80,000 quotations per month, selected to represent the movement of prices of all commodities produced in the manufacturing; agriculture, forestry, and fishing; mining; and gas and electricity and public utilities sectors. The stage-of-processing structure of PPI organizes products by class of buyer and degree of fabrication (that is, finished goods, intermediate goods, and crude materials). The traditional commodity structure of PPI organizes products by similarity of end use or material composition. The industry and product structure of PPI organizes data in accordance with the 2002 North American Industry Classification System and product codes developed by the U.S. Census Bureau. 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 obtained 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. Since January 1992, price changes for the various commodities have been averaged together with implicit quantity weights representing their importance in the total net selling value of all commodities as of 1987. 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 groups. All Producer Price Index data are subject to revision 4 months after original publication. FOR ADDITIONAL INFORMATION, contact the Division of Industrial Prices and Price Indexes: (202) 691–7705. International Price Indexes Description of the series The International Price Program produces monthly and quarterly export and import price indexes for nonmilitary goods and services traded between the United States and the rest of the world. The export price index provides a measure of price change for all products sold by U.S. residents to foreign buyers. (“Residents” is defined as in the national income accounts; it includes corporations, businesses, and individuals, but does not require the organizations to be U.S. owned nor the individuals to have U.S. citizenship.) The import price index provides a measure of price change for goods purchased from other countries by U.S. residents. The product universe for both the import and export indexes includes raw materials, agricultural products, semifinished manu- factures, and finished manufactures, including both capital and consumer goods. Price data for these items are collected primarily by mail questionnaire. In nearly all cases, the data are collected directly from the exporter or importer, although in a few cases, prices are obtained from other sources. To the extent possible, the data gathered refer to prices at the U.S. border for exports and at either the foreign border or the U.S. border for imports. For nearly all products, the prices refer to transactions completed during the first week of the month. Survey respondents are asked to indicate all discounts, allowances, and rebates applicable to the reported prices, so that the price used in the calculation of the indexes is the actual price for which the product was bought or sold. In addition to general indexes of prices for U.S. exports and imports, indexes are also published for detailed product categories of exports and imports. These categories are defined according to the five-digit level of detail for the Bureau of Economic Analysis End-use Classification, the three-digit level for the Standard International Trade Classification (SITC), and the four-digit level of detail for the Harmonized System. Aggregate import indexes by country or region of origin are also available. BLS publishes indexes for selected categories of internationally traded services, calculated on an international basis and on a balance-of-payments basis. Notes on the data The export and import price indexes are weighted indexes of the Laspeyres type. The trade weights currently used to compute both indexes relate to 2000. Because a price index depends on the same items being priced from period to period, it is necessary to recognize when a product’s specifications or terms of transaction have been modified. For this reason, the Bureau’s questionnaire requests detailed descriptions of the physical and functional characteristics of the products being priced, as well as information on the number of units bought or sold, discounts, credit terms, packaging, class of buyer or seller, and so forth. When there are changes in either the specifications or terms of transaction of a product, the dollar value of each change is deleted from the total price change to obtain the “pure” change. Once this value is determined, a linking procedure is employed which allows for the continued repricing of the item. FOR ADDITIONAL INFORMATION, con- tact the Division of International Prices: (202) 691–7155. Productivity Data (Tables 2; 47–50) Business and major sectors Description of the series The productivity measures relate real output to real input. As such, they encompass a family of measures which include single-factor input measures, such as output per hour, output per unit of labor input, or output per unit of capital input, as well as measures of multifactor productivity (output per unit of combined labor and capital inputs). The Bureau indexes show the change in output relative to changes in the various inputs. The measures cover the business, nonfarm business, manufacturing, and nonfinancial corporate sectors. Corresponding indexes of hourly compensation, unit labor costs, unit nonlabor payments, and prices are also provided. Definitions Output per hour of all persons (labor productivity) is the quantity of goods and services produced per hour of labor input. Output per unit of capital services (capital productivity) is the quantity of goods and services produced per unit of capital services input. Multifactor productivity is the quantity of goods and services produced per combined inputs. For private business and private nonfarm business, inputs include labor and capital units. For manufacturing, inputs include labor, capital, energy, nonenergy materials, and purchased business services. Compensation per hour is total compensation divided by hours at work. Total compensation equals the wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans, plus an estimate of these payments for the self-employed (except for nonfinancial corporations in which there are no selfemployed). Real compensation per hour is compensation per hour deflated by the change in the Consumer Price Index for All Urban Consumers. Unit labor costs are the labor compensation costs expended in the production of a unit of output and are derived by dividing compensation by output. Unit nonlabor payments include profits, depreciation, interest, and indirect taxes per unit of output. They are computed by subtracting compensa- tion of all persons from current-dollar value of output and dividing by output. Unit nonlabor costs contain all the components of unit nonlabor payments except unit profits. Unit profits include corporate profits with inventory valuation and capital consumption adjustments per unit of output. Hours of all persons are the total hours at work of payroll workers, self-employed persons, and unpaid family workers. Labor inputs are hours of all persons adjusted for the effects of changes in the education and experience of the labor force. Capital services are the flow of services from the capital stock used in production. It is developed from measures of the net stock of physical assets—equipment, structures, land, and inventories—weighted by rental prices for each type of asset. Combined units of labor and capital inputs are derived by combining changes in labor and capital input with weights which represent each component’s share of total cost. Combined units of labor, capital, energy, materials, and purchased business services are similarly derived by combining changes in each input with weights that represent each input’s share of total costs. The indexes for each input and for combined units are based on changing weights which are averages of the shares in the current and preceding year (the Tornquist index-number formula). Notes on the data Business sector output is an annually-weighted index constructed by excluding from real gross domestic product (GDP) the following outputs: general government, nonprofit institutions, paid employees of private households, and the rental value of owner-occupied dwellings. Nonfarm business also excludes farming. Private business and private nonfarm business further exclude government enterprises. The measures are supplied by the U.S. Department of Commerce’s Bureau of Economic Analysis. Annual estimates of manufacturing sectoral output are produced by the Bureau of Labor Statistics. Quarterly manufacturing output indexes from the Federal Reserve Board are adjusted to these annual output measures by the BLS. Compensation data are developed from data of the Bureau of Economic Analysis and the Bureau of Labor Statistics. Hours data are developed from data of the Bureau of Labor Statistics. The productivity and associated cost measures in tables 47–50 describe the relationship between output in real terms and the labor and capital inputs involved in its Monthly Labor Review • July 2008 59 Current Labor Statistics 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; shifts in the composition of the labor force; capital investment; level of output; changes in the utilization of capacity, energy, material, and research and development; the organization of production; managerial skill; and characteristics and efforts of the work force. FOR ADDITIONAL INFORMATION on this productivity series, contact the Division of Productivity Research: (202) 691–5606. Industry productivity measures Description of the series The BLS industry productivity indexes measure the relationship between output and inputs for selected industries and industry groups, and thus reflect trends in industry efficiency over time. Industry measures include labor productivity, multifactor productivity, compensation, and unit labor costs. The industry measures differ in methodology and data sources from the productivity measures for the major sectors because the industry measures are developed independently of the National Income and Product Accounts framework used for the major sector measures. Definitions Output per hour is derived by dividing an index of industry output by an index of labor input. For most industries, output indexes are derived from data on the value of industry output adjusted for price change. For the remaining industries, output indexes are derived from data on the physical quantity of production. The labor input series is based on the hours of all workers or, in the case of some transportation industries, on the number of employees. For most industries, the series consists of the hours of all employees. For some trade and services industries, the series also includes the hours of partners, proprietors, and unpaid family workers. Unit labor costs represent the labor compensation costs per unit of output produced, and are derived by dividing an index of labor compensation by an index of output. Labor 60 Monthly Labor Review • July 2008 compensation includes payroll as well as supplemental payments, including both legally required expenditures and payments for voluntary programs. Multifactor productivity is derived by dividing an index of industry output by an index of combined inputs consumed in producing that output. Combined inputs include capital, labor, and intermediate purchases. The measure of capital input represents the flow of services from the capital stock used in production. It is developed from measures of the net stock of physical assets—equipment, structures, land, and inventories. The measure of intermediate purchases is a combination of purchased materials, services, fuels, and electricity. Notes on the data The industry measures are compiled from data produced by the Bureau of Labor Statistics and the Census Bureau, with additional data supplied by other government agencies, trade associations, and other sources. FOR ADDITIONAL INFORMATION on this series, contact the Division of Industry Productivity Studies: (202) 691–5618, or visit the Web site at: www.bls.gov/lpc/home. htm International Comparisons (Tables 51–53) Labor force and unemployment Description of the series Tables 51 and 52 present comparative measures of the labor force, employment, and unemployment approximating U.S. concepts for the United States, Canada, Australia, Japan, and six European countries. The Bureau adjusts the figures for these selected countries, for all known major definitional differences, to the extent that data to prepare adjustments are available. Although precise comparability may not be achieved, these adjusted figures provide a better basis for international comparisons than the figures regularly published by each country. For further information on adjustments and comparability issues, see Constance Sorrentino, “International unemployment rates: how comparable are they?” Monthly Labor Review, June 2000, pp. 3–20, available on the Internet at www. bls.gov/opub/mlr/2000/06/art1full.pdf. Definitions For the principal U.S. definitions of the labor force, employment, and unemployment, see the Notes section on Employment and Unemployment Data: Household survey data. Notes on the data Foreign country data are adjusted as closely as possible to the U.S. definitions. Primary areas of adjustment address conceptual differences in upper age limits and definitions of employment and unemployment, provided that reliable data are available to make these adjustments. Adjustments are made where applicable to include employed and unemployed persons above upper age limits; some European countries do not include persons older than age 64 in their labor force measures, because a large portion of this population has retired. Adjustments are made to exclude active duty military from employment figures, although a small number of career military may be included in some European countries. Adjustments are made to exclude unpaid family workers who worked fewer than 15 hours per week from employment figures; U.S. concepts do not include them in employment, whereas most foreign countries include all unpaid family workers regardless of the number of hours worked. Adjustments are made to include full-time students seeking work and available for work as unemployed when they are classified as not in the labor force. Where possible, lower age limits are based on the age at which compulsory schooling ends in each country, rather than based on the U.S. standard of 16. Lower age limits have ranged between 13 and 16 over the years covered; currently, the lower age limits are either 15 or 16 in all 10 countries. Some adjustments for comparability are not made because data are unavailable for adjustment purposes. For example, no adjustments to unemployment are usually made for deviations from U.S. concepts in the treatment of persons waiting to start a new job or passive jobseekers. These conceptual differences have little impact on the measures. Furthermore, BLS studies have concluded that no adjustments should be made for persons on layoff who are counted as employed in some countries because of their strong job attachment as evidenced by, for example, payment of salary or the existence of a recall date. In the United States, persons on layoff have weaker job attachment and are classified as unemployed. The annual labor force measures are obtained from monthly, quarterly, or continuous household surveys and may be calculated as averages of monthly or quarterly data. Quarterly and monthly unemployment rates are based on household surveys. For some countries, they are calculated by applying annual adjustment factors to current published data and, therefore, are less precise indicators of unemployment under U.S. concepts than the annual figures. The labor force measures may have breaks in series over time due to changes in surveys, sources, or estimation methods. Breaks are noted in data tables. For up-to-date information on adjustments and breaks in series, see the Technical Notes of Comparative Civilian Labor Force Statistics, 10 Countries, on the Internet at www.bls.gov/fls/flscomparelf.htm, and the Notes of Unemployment rates in 10 countries, civilian labor force basis, approximating U.S. concepts, seasonally adjusted, on the Internet at www.bls.gov/fls/flsjec.pdf. F OR ADDITIONAL INFORMATION on this series, contact the Division of Foreign Labor Statistics: (202) 691-5654 or flshelp@ bls.gov. Manufacturing Productivity and Labor Costs Description of the series Table 53 presents comparative indexes of manufacturing output per hour (labor productivity), output, total hours, compensation per hour, and unit labor costs for the United States, Australia, Canada, Japan, The Republic of Korea, Taiwan, and 10 European countries. These measures are trend comparisons—that is, series that measure changes over time— rather than level comparisons. BLS does not recommend using these series for level comparisons because of technical problems. BLS constructs the comparative indexes from three basic aggregate measures—output, total labor hours, and total compensation. The hours and compensation measures refer to employees (wage and salary earners) in Belgium and Taiwan. For all other economies, the measures refer to all employed persons, including employees, self-employed persons, and unpaid family workers. Definitions Output. For most economies, the output measures are real value added in manufacturing from national accounts. However, output for Japan prior to 1970 and for the Netherlands prior to 1960 are indexes of industrial production. The manufacturing value-added measures for the United King- dom are essentially identical to their indexes of industrial production. For the United States, the output measure for the manufacturing sector is a chain-weighted index of real gross product originating (deflated value added) produced by the Bureau of Economic Analysis of the U.S. Department of Commerce. Most of the other economies now also use chainweighted as opposed to fixed-year weights that are periodically updated. The data for recent years are based on the United Nations System of National Accounts 1993 (SNA 93). Manufacturing is generally defined according to the International Standard Industrial Classification (ISIC). For the United States and Canada, it is defined according to the North American Industry Classification System (NAICS 97). To preserve the comparability of the U.S. measures with those of other economies, BLS uses gross product originating in manufacturing for the United States. The gross product originating series differs from the manufacturing output series that BLS publishes in its quarterly news releases on U.S. productivity and costs (and that underlies the measures that appear in tables 48 and 50 in this section). The quarterly measures are on a “sectoral output” basis, rather than a valueadded basis. Sectoral output is gross output less intrasector transactions. Total hours refer to hours worked in all economies. The measures are developed from statistics of manufacturing employment and average hours. For most other economies, recent years’ aggregate hours series are obtained from national statistical offices, usually from national accounts. However, for some economies and for earlier years, BLS calculates the aggregate hours series using employment figures published with the national accounts, or other comprehensive employment series, and data on average hours worked. Hourly compensation is total compensation divided by total hours. Total compensation includes all payments in cash or in-kind made directly to employees plus employer expenditures for legally required insurance programs and contractual and private benefit plans. For Australia, Canada, France, and Sweden, compensation is increased to account for important taxes on payroll or employment. For the United Kingdom, compensation is reduced between 1967 and 1991 to account for subsidies. Unit labor costs are defined as the costs of labor input required to produce one unit of output. They are computed as compensation in nominal terms divided by real output. Unit labor costs can also be computed by dividing hourly compensation by output per hour, that is, by labor productivity. Notes on the data In general, the measures relate to total manufacturing as defined by the International Standard Industrial Classification. However, the measures for France include parts of mining as well. The measures for recent years may be based on current indicators of manufacturing output (such as industrial production indexes), employment, average hours, and hourly compensation until national accounts and other statistics used for the long-term measures become available. For additional information on these series, go to www.bls.gov/news.release/ prod4.toc.htm or contact the Division of Foreign Labor Statistics: (202) 691–5654. Occupational Injury and Illness Data (Tables 54–55) Survey of Occupational Injuries and Illnesses Description of the series The Survey of Occupational Injuries and Illnesses collects data from employers about their workers’ job-related nonfatal injuries and illnesses. The information that employers provide is based on records that they maintain under the Occupational Safety and Health Act of 1970. Self-employed individuals, farms with fewer than 11 employees, employers regulated by other Federal safety and health laws, and Federal, State, and local government agencies are excluded from the survey. The survey is a Federal-State cooperative program with an independent sample selected for each participating State. A stratified random sample with a Neyman allocation is selected to represent all private industries in the State. The survey is stratified by Standard Industrial Classification and size of employment. Definitions Under the Occupational Safety and Health Act, employers maintain records of nonfatal work-related injuries and illnesses that involve one or more of the following: loss of consciousness, restriction of work or motion, transfer to another job, or medical treatment Monthly Labor Review • July 2008 61 Current Labor Statistics other than first aid. Occupational injury is any injury such as a cut, fracture, sprain, or amputation that results from a work-related event or a single, instantaneous exposure in the work environment. Occupational illness is an abnormal condition or disorder, other than one resulting from an occupational injury, caused by exposure to factors associated with employment. It includes acute and chronic illnesses or disease which may be caused by inhalation, absorption, ingestion, or direct contact. Lost workday injuries and illnesses are cases that involve days away from work, or days of restricted work activity, or both. Lost workdays include the number of workdays (consecutive or not) on which the employee was either away from work or at work in some restricted capacity, or both, because of an occupational injury or illness. BLS measures of the number and incidence rate of lost workdays were discontinued beginning with the 1993 survey. The number of days away from work or days of restricted work activity does not include the day of injury or onset of illness or any days on which the employee would not have worked, such as a Federal holiday, even though able to work. Incidence rates are computed as the number of injuries and/or illnesses or lost work days per 100 full-time workers. Notes on the data The definitions of occupational injuries and illnesses are from Recordkeeping Guidelines for Occupational Injuries and Illnesses (U.S. Department of Labor, Bureau of Labor Statistics, September 1986). Estimates are made for industries and employment size classes for total recordable cases, lost workday cases, days away from work cases, and nonfatal cases without lost workdays. These data also are shown separately for injuries. Illness data are available for seven categories: occupational skin diseases or disorders, dust diseases of the lungs, respiratory conditions due to toxic agents, poisoning (systemic effects of toxic agents), disorders due to physical agents (other than toxic materials), disorders associated with repeated trauma, and all other occupational illnesses. The survey continues to measure the number of new work-related illness cases which are recognized, diagnosed, and reported during the year. Some conditions, for example, long-term latent illnesses caused 62 Monthly Labor Review • July 2008 by exposure to carcinogens, often are difficult to relate to the workplace and are not adequately recognized and reported. These long-term latent illnesses are believed to be understated in the survey’s illness measure. In contrast, the overwhelming majority of the reported new illnesses are those which are easier to directly relate to workplace activity (for example, contact dermatitis and carpal tunnel syndrome). Most of the estimates are in the form of incidence rates, defined as the number of injuries and illnesses per 100 equivalent full-time workers. For this purpose, 200,000 employee hours represent 100 employee years (2,000 hours per employee). Full detail on the available measures is presented in the annual bulletin, Occupational Injuries and Illnesses: Counts, Rates, and Characteristics. Comparable data for more than 40 States and territories are available from the bls Office of Safety, Health and Working Conditions. Many of these States publish data on State and local government employees in addition to private industry data. Mining and railroad data are furnished to BLS by the Mine Safety and Health Administration and the Federal Railroad Administration. Data from these organizations are included in both the national and State data published annually. With the 1992 survey, BLS began publishing details on serious, nonfatal incidents resulting in days away from work. Included are some major characteristics of the injured and ill workers, such as occupation, age, gender, race, and length of service, as well as the circumstances of their injuries and illnesses (nature of the disabling condition, part of body affected, event and exposure, and the source directly producing the condition). In general, these data are available nationwide for detailed industries and for individual States at more aggregated industry levels. FOR ADDITIONAL INFORMATION on occupational injuries and illnesses, contact the Office of Occupational Safety, Health and Working Conditions at (202) 691–6180, or access the Internet at: www.bls. gov/iif/ Census of Fatal Occupational Injuries The Census of Fatal Occupational Injuries compiles a complete roster of fatal job-related injuries, including detailed data about the fatally injured workers and the fatal events. The program collects and cross checks fatality information from multiple sources, including death certificates, State and Federal workers’ compensation reports, Occupational Safety and Health Administration and Mine Safety and Health Administration records, medical examiner and autopsy reports, media accounts, State motor vehicle fatality records, and follow-up questionnaires to employers. In addition to private wage and salary workers, the self-employed, family members, and Federal, State, and local government workers are covered by the program. To be included in the fatality census, the decedent must have been employed (that is working for pay, compensation, or profit) at the time of the event, engaged in a legal work activity, or present at the site of the incident as a requirement of his or her job. Definition A fatal work injury is any intentional or unintentional wound or damage to the body resulting in death from acute exposure to energy, such as heat or electricity, or kinetic energy from a crash, or from the absence of such essentials as heat or oxygen caused by a specific event or incident or series of events within a single workday or shift. Fatalities that occur during a person’s commute to or from work are excluded from the census, as well as work-related illnesses,which can be difficult to identify due to long latency periods. Notes on the data Twenty-eight data elements are collected, coded, and tabulated in the fatality program, including information about the fatally injured worker, the fatal incident, and the machinery or equipment involved. Summary worker demographic data and event characteristics are included in a national news release that is available about 8 months after the end of the reference year. The Census of Fatal Occupational Injuries was initiated in 1992 as a joint Federal-State effort. Most States issue summary information at the time of the national news release. F OR ADDITIONAL INFORMATION on the Census of Fatal Occupational Injuries contact the BLS Office of Safety, Health, and Working Conditions at (202) 691– 6175, or the Internet at: www.bls.gov/iif/ 1. Labor market indicators Selected indicators 2006 2006 2007 I II 2007 III IV I II 2008 III IV I Employment data Employment status of the civilian noninstitutional population (household survey): 1 Labor force participation rate........................................................ Employment-population ratio........................................................ Unemployment rate………………………………………………….… Men………………………………………………..…….….………… 16 to 24 years........................................................................... 25 years and older.................................................................... Women……………………………………………….….…………… 16 to 24 years........................................................................... 25 years and older.................................................................... Employment, nonfarm (payroll data), in thousands: 66.2 63.1 4.6 4.6 11.2 3.5 4.6 9.7 3.7 66.0 63.0 4.6 4.7 11.6 3.6 4.5 9.4 3.6 66.0 62.9 4.7 4.7 11.3 3.5 4.8 9.7 3.9 66.2 63.1 4.7 4.7 11.2 3.6 4.6 9.3 3.8 66.2 63.1 4.7 4.6 11.4 3.5 4.7 10.1 3.8 66.3 63.4 4.4 4.5 11.0 3.3 4.4 9.7 3.5 66.2 63.2 4.5 4.6 10.8 3.6 4.4 9.0 3.5 66.0 63.0 4.5 4.6 11.5 3.5 4.4 9.0 3.6 66.0 62.9 4.7 4.8 11.8 3.6 4.6 9.8 3.7 66.0 62.8 4.8 4.9 12.2 3.7 4.7 9.9 3.8 66.0 62.7 4.9 5.0 12.7 3.8 4.8 10.0 3.9 1 Total nonfarm…………………….................................................... 136,086 Total private....................................................................... 114,113 137,626 115,423 135,647 113,748 135,910 113,996 136,528 114,472 136,982 114,899 137,310 115,167 137,625 115,423 137,837 115,610 138,078 115,759 137,838 115,462 22,531 Manufacturing………….………………..………………………… 14,155 22,221 13,883 22,563 14,208 22,570 14,200 22,564 14,138 22,436 14,033 22,362 13,953 22,267 13,890 22,138 13,822 21,976 13,772 21,728 13,642 Service-providing……………………………………………….…………..…113,556 115,405 113,084 113,340 113,964 114,546 114,948 115,358 115,699 116,102 116,110 Goods-producing ……………………………………………….………….. Average hours: Total private........................................………….......................... Manufacturing………...…………………………………………… Overtime……..………….………………...……………………… 33.9 41.1 4.4 33.8 41.2 4.2 33.8 41.0 4.5 33.9 41.2 4.5 33.8 41.3 4.4 33.9 41.1 4.2 33.9 41.2 4.1 33.9 41.4 4.1 33.8 41.4 4.2 33.8 41.1 4.0 33.8 41.2 4.0 Civilian nonfarm ……………………………….…………………………….…… 3.3 3.3 .7 .9 1.1 .6 .9 .8 1.0 .6 .8 Private nonfarm……………...............………............................... 3.2 3.0 .8 .9 .8 .7 .8 .9 .8 .6 .9 2.5 2.4 .3 1.0 .7 .5 .4 1.0 .5 .6 1.0 1, 2, 3 Employment Cost Index Total compensation: 4 5 Goods-producing ……………………………………………….………… 5 Service-providing ……………………………………………….………… State and local government ……………….……………………… Workers by bargaining status (private nonfarm): Union…………………………………………………………………… Nonunion………………………………………………………………… 1 3.4 3.2 1.0 .8 .9 .7 .9 .9 .9 .6 .9 4.1 4.1 .5 .4 2.3 .9 1.0 .6 1.8 .7 .5 3.0 3.2 2.0 3.2 .5 .9 1.3 .8 .6 .9 .6 .6 -.3 1.0 1.2 .9 .5 .8 .7 .6 .8 .9 Quarterly data seasonally adjusted. Annual changes are December-to-December changes. Quarterly changes are calculated using the last month of each quarter. 3 The Employment Cost Index data reflect the conversion to the 2002 North American Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. The NAICS and SOC data shown prior to 2006 are for informational purposes only. Series based on NAICS and SOC became the official BLS estimates starting in March 2006. 2 4 Excludes Federal and private household workers. Goods-producing industries include mining, construction, and manufacturing. Serviceproviding industries include all other private sector industries. 5 NOTE: Beginning in January 2003, household survey data reflect revised population controls. Nonfarm data reflect the conversion to the 2002 version of the North American Industry Classification System (NAICS), replacing the Standard Industrial Classification (SIC) system. NAICS-based data by industry are not comparable with SIC based data. Monthly Labor Review • July 2008 63 Current Labor Statistics: Comparative Indicators 2. Annual and quarterly percent changes in compensation, prices, and productivity Selected measures 2006 2006 2007 I II 2007 III IV I II 2008 III IV I 1, 2, 3 Compensation data Employment Cost Index—compensation: Civilian nonfarm................................................................... Private nonfarm............................................................... Employment Cost Index—wages and salaries: Civilian nonfarm………………………………………………. Private nonfarm............................................................... Price data 3.3 3.2 3.3 3.0 0.7 .8 0.9 .9 1.1 .8 0.6 .7 0.9 .8 0.8 .9 1.0 .8 0.6 .6 0.8 .9 3.2 3.2 3.4 3.3 .7 .7 .8 1.0 1.1 .8 .6 .7 1.1 1.1 .7 .8 1.0 .9 .7 .6 .8 .9 3.2 2.8 1.5 1.6 .0 -.5 1.8 1.5 .1 .7 1.7 3.0 3.5 1.6 6.5 1.4 3.9 4.5 1.8 4.0 12.2 .3 .2 .8 .9 -11.1 1.7 2.1 .2 3.0 1.8 -.9 -1.3 .0 -.4 1.2 .1 -.2 1.3 -.8 4.0 2.2 2.8 .3 3.6 5.7 1.9 2.5 -.1 3.2 3.8 .1 .2 -.1 .1 -2.4 1.9 2.1 1.1 1.8 12.7 2.8 3.3 1.0 5.0 15.2 1.0 1.0 1.6 1.6 2.5 2.5 .8 .8 -1.5 -1.6 1.2 1.8 .2 .7 3.6 2.2 6.4 6.0 .9 1.8 1.9 2.2 1.3 - 3.1 -1.8 3.1 1.3 .7 2.1 2.9 .9 - 1 Consumer Price Index (All Urban Consumers): All Items...... Producer Price Index: Finished goods..................................................................... Finished consumer goods................................................. Capital equipment…………………………………………… Intermediate materials, supplies, and components………… Crude materials..................................................................... 4 Productivity data Output per hour of all persons: Business sector..................................................................... Nonfarm business sector....................................................... 5 Nonfinancial corporations ……………….…………...……………… 1 Annual changes are December-to-December changes. Quarterly changes are calculated using the last month of each quarter. Compensation and price data are not seasonally adjusted, and the price data are not compounded. 2 Excludes Federal and private household workers. 3 The Employment Cost Index data reflect the conversion to the 2002 North American Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. The NAICS and SOC data shown prior to 2006 are for informational purposes only. Series based on NAICS and SOC became the official BLS estimates starting in March 2006. 4 Annual rates of change are computed by comparing annual averages. Quarterly percent changes reflect annual rates of change in quarterly indexes. The data are seasonally adjusted. 5 Output per hour of all employees. 3. Alternative measures of wage and compensation changes Quarterly change Components Four quarters ending— 2007 I II 2008 III IV I 2007 I II 2008 III IV I 1 Average hourly compensation: All persons, business sector.......................................................... All persons, nonfarm business sector........................................... Employment Cost Index—compensation: 2.4 1.3 3.7 3.3 3.7 4.6 4.2 4.4 4.7 4.9 5.4 5.3 6.0 5.8 4.0 3.9 3.5 3.4 .9 .8 -.3 1.0 1.0 .8 .9 1.2 .9 .6 1.0 .8 .5 .8 1.8 .6 .6 .7 .6 .7 .8 .9 .8 .9 .5 3.5 3.2 2.2 3.3 4.6 3.3 3.1 2.1 3.3 4.8 3.3 3.1 2.0 3.2 4.3 3.3 3.0 2.0 3.2 4.1 3.3 3.2 3.1 3.2 3.6 1.1 1.1 .5 1.2 .6 .7 .8 .9 .8 .5 1.0 .9 .7 .9 1.7 .7 .6 .3 .7 .7 .8 .9 .8 .9 .6 3.6 3.6 2.5 3.7 3.8 3.4 3.3 2.5 3.4 3.8 3.3 3.4 2.7 3.4 3.5 3.4 3.3 2.3 3.5 3.5 3.2 3.2 2.6 3.3 3.5 2 3 Civilian nonfarm ……….………………………………………….…………..… Private nonfarm…....................................................................... Union………….......................................................................... Nonunion………….................................................................... State and local government…..................................................... Employment Cost Index—wages and salaries: 3 6.2 6.4 2 Civilian nonfarm ……….………………………………………….…………..… Private nonfarm…....................................................................... Union………….......................................................................... Nonunion………….................................................................... State and local government…..................................................... 1 Seasonally adjusted. "Quarterly average" is percent change from a quarter ago, at an annual rate. 2 The Employment Cost Index data reflect the conversion to the 2002 North American Classification System (NAICS) and the 2000 Standard 64 Monthly Labor Review • July 2008 Occupational Classification (SOC) system. The NAICS and SOC data shown prior to 2006 are for informational purposes only. Series based on NAICS and SOC became the official BLS estimates starting in March 2006. 3 Excludes Federal and private household workers. 4. Employment status of the population, by sex, age, race, and Hispanic origin, monthly data seasonally adjusted [Numbers in thousands] Employment status 2007 Annual average 2006 2007 May June July Aug. Sept. 2008 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May TOTAL Civilian noninstitutional 1 population ……………………. 228,815 Civilian labor force.............. 151,428 66.2 Participation rate........... Employed........................ 144,427 Employment-pop63.1 ulation ratio 2…………… 7,001 Unemployed................... 4.6 Unemployment rate..... Not in the labor force........ 77,387 231,867 231,480 231,713 231,958 232,211 232,461 232,715 232,939 233,156 232,616 232,809 232,995 233,198 233,405 153,124 152,776 153,085 153,182 152,886 153,506 153,306 153,828 153,866 153,824 153,374 153,784 153,957 154,534 66.0 66.0 66.1 66.0 65.8 66.0 65.9 66.0 66.0 66.1 65.9 66.0 66.0 66.2 146,047 145,913 146,087 146,045 145,753 146,260 146,016 146,647 146,211 146,248 145,993 145,969 146,331 146,046 63.0 7,078 4.6 78,743 63.0 6,863 4.5 78,704 63.0 6,997 4.6 78,628 63.0 7,137 4.7 78,776 62.8 7,133 4.7 79,325 62.9 7,246 4.7 78,955 62.7 7,291 4.8 79,409 63.0 7,181 4.7 79,111 62.7 7,655 5.0 79,290 62.9 7,576 4.9 78,792 62.7 7,381 4.8 79,436 62.6 7,815 5.1 79,211 62.7 7,626 5.0 79,241 62.6 8,487 5.5 78,872 Men, 20 years and over Civilian noninstitutional 1 population ……………………. 102,145 Civilian labor force.............. 77,562 75.9 Participation rate........... Employed........................ 74,431 Employment-pop72.9 ulation ratio 2…………… 3,131 Unemployed................... 4.0 Unemployment rate..... Not in the labor force……… 24,584 103,555 103,361 103,477 103,598 103,723 103,847 103,973 104,087 104,197 103,866 103,961 104,052 104,152 104,258 78,596 78,497 78,503 78,619 78,526 78,689 78,664 79,075 79,004 78,864 78,748 78,838 78,776 78,878 75.9 75.9 75.9 75.9 75.7 75.8 75.7 76.0 75.8 75.9 75.7 75.8 75.6 75.7 75,337 75,343 75,292 75,324 75,274 75,332 75,274 75,834 75,499 75,427 75,362 75,197 75,148 75,001 72.8 3,259 4.1 24,959 72.9 3,154 4.0 24,864 72.8 3,212 4.1 24,973 72.7 3,295 4.2 24,979 72.6 3,252 4.1 25,197 72.5 3,357 4.3 25,158 72.4 3,389 4.3 25,309 72.9 3,240 4.1 25,012 72.5 3,505 4.4 25,193 72.6 3,437 4.4 25,002 72.5 3,386 4.3 25,213 72.3 3,641 4.6 25,214 72.2 3,628 4.6 25,376 71.9 3,877 4.9 25,380 Women, 20 years and over Civilian noninstitutional 1 population ……………………. 109,992 Civilian labor force.............. 66,585 60.5 Participation rate........... Employed........................ 63,834 Employment-pop58.0 ulation ratio 2…………… 2,751 Unemployed................... 4.1 Unemployment rate..... Not in the labor force……… 43,407 111,330 111,157 111,259 111,367 111,479 111,590 111,703 111,805 111,903 111,739 111,822 111,902 111,990 112,083 67,516 67,318 67,481 67,566 67,616 67,795 67,623 67,776 67,866 67,982 67,816 68,159 68,176 68,390 60.6 60.6 60.7 60.7 60.7 60.8 60.5 60.6 60.6 60.8 60.6 60.9 60.9 61.0 64,799 64,710 64,828 64,792 64,826 65,033 64,827 64,980 64,912 65,098 64,950 65,055 65,260 65,138 58.2 2,718 4.0 43,814 58.2 2,608 3.9 43,839 58.3 2,653 3.9 43,778 58.2 2,774 4.1 43,801 58.2 2,790 4.1 43,863 58.3 2,762 4.1 43,795 58.0 2,796 4.1 44,080 58.1 2,796 4.1 44,029 58.0 2,954 4.4 44,037 58.3 2,885 4.2 43,756 58.1 2,865 4.2 44,006 58.1 3,104 4.6 43,743 58.3 2,916 4.3 43,814 58.1 3,252 4.8 43,693 16,982 7,012 41.3 5,911 16,962 6,961 41.0 5,860 16,977 7,100 41.8 5,968 16,993 6,997 41.2 5,930 17,009 6,744 39.7 5,653 17,024 7,021 41.2 5,895 17,040 7,020 41.2 5,914 17,048 6,977 40.9 5,832 17,056 6,996 41.0 5,801 17,012 6,978 41.0 5,724 17,027 6,810 40.0 5,681 17,041 6,787 39.8 5,717 17,056 7,005 41.1 5,923 17,064 7,266 42.6 5,907 34.8 1,101 15.7 9,970 34.5 1,101 15.8 10,001 35.2 1,133 16.0 9,877 34.9 1,067 15.3 9,996 33.2 1,092 16.2 10,264 34.6 1,126 16.0 10,003 34.7 1,105 15.7 10,020 34.2 1,145 16.4 10,071 34.0 1,196 17.1 10,059 33.6 1,254 18.0 10,034 33.4 1,130 16.6 10,216 33.5 1,070 15.8 10,254 34.7 1,082 15.4 10,051 34.6 1,358 18.7 9,798 Both sexes, 16 to 19 years Civilian noninstitutional 1 population ……………………. 16,678 7,281 Civilian labor force.............. 43.7 Participation rate........... 6,162 Employed........................ Employment-pop36.9 ulation ratio 2…………… 1,119 Unemployed................... 15.4 Unemployment rate..... Not in the labor force……… 9,397 White3 Civilian noninstitutional 1 population ……………………. 186,264 Civilian labor force.............. 123,834 66.5 Participation rate........... Employed........................ 118,833 Employment-pop63.8 ulation ratio 2…………… 5,002 Unemployed................... 4.0 Unemployment rate..... Not in the labor force……… 62,429 188,253 187,993 188,148 188,312 188,479 188,644 188,813 188,956 189,093 188,787 188,906 189,019 189,147 189,281 124,935 124,639 124,918 124,945 124,596 125,316 125,151 125,430 125,460 125,340 124,940 125,190 125,171 125,762 66.4 66.3 66.4 66.3 66.1 66.4 66.3 66.4 66.3 66.4 66.1 66.2 66.2 66.4 119,792 119,711 119,835 119,713 119,340 119,992 119,883 120,194 119,889 119,858 119,534 119,574 119,667 119,661 63.6 5,143 4.1 63,319 63.7 4,928 4.0 63,355 63.7 5,083 4.1 63,230 63.6 5,232 4.2 63,368 63.3 5,256 4.2 63,883 63.6 5,324 4.2 63,329 63.5 5,268 4.2 63,662 63.6 5,235 4.2 63,526 63.4 5,571 4.4 63,633 63.5 5,482 4.4 63,447 63.3 5,406 4.3 63,966 63.3 5,616 4.5 63,829 63.3 5,504 4.4 63,975 63.2 6,101 4.9 63,519 27,485 17,496 63.7 16,051 27,422 17,405 63.5 15,939 27,459 17,456 63.6 15,989 27,498 17,593 64.0 16,172 27,541 17,524 63.6 16,176 27,584 17,483 63.4 16,046 27,627 17,430 63.1 15,946 27,666 17,453 63.1 15,980 27,704 17,538 63.3 15,961 27,640 17,713 64.1 16,090 27,675 17,632 63.7 16,169 27,709 17,702 63.9 16,116 27,746 17,753 64.0 16,234 27,780 17,742 63.9 16,029 58.4 1,445 8.3 9,989 58.1 1,466 8.4 10,017 58.2 1,467 8.4 10,003 58.8 1,421 8.1 9,905 58.7 1,347 7.7 10,017 58.2 1,437 8.2 10,101 57.7 1,483 8.5 10,197 57.8 1,473 8.4 10,212 57.6 1,577 9.0 10,165 58.2 1,623 9.2 9,927 58.4 1,463 8.3 10,043 58.2 1,586 9.0 10,007 58.5 1,520 8.6 9,992 57.7 1,713 9.7 10,038 Black or African American3 Civilian noninstitutional 1 population ……………………. 27,007 Civilian labor force.............. 17,314 64.1 Participation rate........... Employed........................ 15,765 Employment-pop58.4 ulation ratio 2…………… 1,549 Unemployed................... 8.9 Unemployment rate..... Not in the labor force……… 9,693 See footnotes at end of table. Monthly Labor Review • July 2008 65 Current Labor Statistics: Labor Force Data 4. Continued—Employment status of the population, by sex, age, race, and Hispanic origin, monthly data seasonally adjusted [Numbers in thousands] 2007 Annual average Employment status 2006 2007 May June July Aug. 31,383 21,602 68.8 20,382 31,238 21,434 68.6 20,197 31,329 21,460 68.5 20,245 31,423 21,613 68.8 20,345 31,520 21,781 69.1 20,578 64.9 1,220 5.6 9,781 64.7 1,237 5.8 9,804 64.6 1,216 5.7 9,869 64.7 1,269 5.9 9,809 65.3 1,204 5.5 9,738 2008 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 31,617 21,872 69.2 20,619 31,714 21,778 68.7 20,554 31,809 21,872 68.8 20,623 31,903 21,888 68.6 20,517 31,643 21,698 68.6 20,320 31,732 21,755 68.6 20,401 31,820 21,775 68.4 20,269 31,911 21,917 68.7 20,404 31,998 22,102 69.1 20,573 65.2 1,253 5.7 9,745 64.8 1,224 5.6 9,936 64.8 1,249 5.7 9,938 64.3 1,371 6.3 10,016 64.2 1,378 6.3 9,946 64.3 1,354 6.2 9,977 63.7 1,507 6.9 10,045 63.9 1,512 6.9 9,994 64.3 1,529 6.9 9,896 Hispanic or Latino ethnicity Civilian noninstitutional 1 population ……………………. 30,103 Civilian labor force.............. 20,694 68.7 Participation rate........... Employed........................ 19,613 Employment-pop65.2 ulation ratio 2…………… 1,081 Unemployed................... 5.2 Unemployment rate..... Not in the labor force ………… 9,409 1 The population figures are not seasonally adjusted. Civilian employment as a percent of the civilian noninstitutional population. Beginning in 2003, persons who selected this race group only; persons who selected more than one race group are not included. Prior to 2003, persons who reported more than one race were included in the group they identified as the main race. NOTE: Estimates for the above race groups (white and black or African American) do not sum to totals because data are not presented for all races. In addition, persons whose ethnicity is identified as Hispanic or Latino may be of any race and, therefore, are classified by ethnicity as well as by race. Beginning in January 2003, data reflect revised population controls used in the household survey. 2 3 5. Selected employment indicators, monthly data seasonally adjusted [In thousands] Selected categories Annual average 2006 2007 2007 May June July Aug. 2008 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Characteristic Employed, 16 years and older.. 144,427 146,047 145,913 146,087 146,045 145,753 146,260 146,016 146,647 146,211 146,248 145,993 145,969 146,331 146,046 Men....................................... 77,502 78,254 78,277 78,243 78,237 78,066 78,229 78,177 78,604 78,260 78,157 78,113 77,948 78,038 77,954 Women............................…… 66,925 67,792 67,637 67,845 67,808 67,687 68,030 67,838 68,043 67,951 68,091 67,880 68,021 68,293 68,092 Married men, spouse 45,700 46,314 46,472 46,448 46,307 46,193 46,235 46,189 46,339 46,213 46,063 46,136 45,961 45,964 45,862 35,272 35,832 36,126 36,111 35,938 35,794 35,712 35,449 35,689 35,565 35,536 35,648 35,749 36,177 36,171 4,162 4,401 4,469 4,311 4,332 4,517 4,499 4,401 4,513 4,665 4,769 4,884 4,914 5,220 5,233 2,658 2,877 2,952 2,803 2,751 2,955 2,991 2,788 3,008 3,174 3,247 3,291 3,323 3,558 3,595 1,189 1,210 1,248 1,197 1,210 1,175 1,166 1,215 1,223 1,236 1,163 1,222 1,362 1,323 1,281 reasons……………………… 19,591 19,756 19,610 20,076 19,957 19,779 19,812 19,337 19,539 19,526 19,613 19,348 19,409 19,809 19,428 4,071 4,317 4,391 4,210 4,259 4,466 4,397 4,302 4,453 4,577 4,677 4,790 4,797 5,125 5,164 2,596 2,827 2,893 2,736 2,711 2,916 2,922 2,745 2,981 3,120 3,174 3,231 3,238 3,513 3,531 1,178 1,199 1,246 1,198 1,205 1,152 1,153 1,207 1,205 1,219 1,149 1,216 1,354 1,331 1,288 reasons.................………… 19,237 19,419 19,192 19,734 19,569 19,469 19,451 19,157 19,224 19,225 19,296 19,019 19,072 19,456 19,047 present................................ Married women, spouse present................................ Persons at work part time1 All industries: Part time for economic reasons…………………….… Slack work or business conditions…………......... Could only find part-time work……………………… Part time for noneconomic Nonagricultural industries: Part time for economic reasons…………………….… Slack work or business conditions....................... Could only find part-time work……………………… Part time for noneconomic 1 Excludes persons "with a job but not at work" during the survey period for such reasons as vacation, illness, or industrial disputes. NOTE: Beginning in January 2003, data reflect revised population controls used in the household survey. 66 Monthly Labor Review • July 2008 6. Selected unemployment indicators, monthly data seasonally adjusted [Unemployment rates] Annual average Selected categories 2006 2007 2007 2008 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Characteristic Total, 16 years and older............................ Both sexes, 16 to 19 years..................... Men, 20 years and older......................... Women, 20 years and older................... 4.6 15.4 4.0 4.1 4.6 15.7 4.1 4.0 4.5 15.8 4.0 3.9 4.6 16.0 4.1 3.9 4.7 15.3 4.2 4.1 4.7 16.2 4.1 4.1 4.7 16.0 4.3 4.1 4.8 15.7 4.3 4.1 4.7 16.4 4.1 4.1 5.0 17.1 4.4 4.4 4.9 18.0 4.4 4.2 4.8 16.6 4.3 4.2 5.1 15.8 4.6 4.6 5.0 15.4 4.6 4.3 5.5 18.7 4.9 4.8 White, total 1……………………………… 4.0 13.2 14.6 11.7 3.5 3.6 4.1 13.9 15.7 12.1 3.7 3.6 4.0 13.9 15.2 12.5 3.5 3.4 4.1 14.2 16.3 12.0 3.6 3.5 4.2 13.8 15.5 12.0 3.8 3.6 4.2 14.4 16.5 12.2 3.8 3.7 4.2 14.3 16.4 12.2 3.9 3.5 4.2 14.0 15.9 12.0 3.8 3.6 4.2 14.7 17.8 11.8 3.7 3.7 4.4 14.4 16.8 12.1 3.9 4.0 4.4 15.6 19.0 12.3 3.9 3.8 4.3 14.4 17.1 11.8 3.9 3.8 4.5 13.2 14.7 11.7 4.1 4.1 4.4 13.8 15.2 12.4 4.1 3.7 4.9 16.4 17.7 14.9 4.4 4.1 8.9 29.1 32.7 25.9 8.3 7.5 8.3 29.4 33.8 25.3 7.9 6.7 8.4 30.1 35.4 24.8 8.2 6.7 8.4 31.0 33.5 28.7 8.3 6.4 8.1 27.0 31.1 23.5 7.6 6.9 7.7 31.2 33.2 29.4 6.8 6.5 8.2 28.9 33.9 24.2 7.5 7.1 8.5 27.9 36.0 20.1 8.2 7.1 8.4 29.7 34.6 24.9 7.9 7.0 9.0 34.7 39.5 30.1 8.4 7.0 9.2 35.7 41.3 28.5 8.3 7.3 8.3 31.7 32.6 30.9 7.9 6.5 9.0 31.3 38.9 25.4 8.4 7.5 8.6 24.5 27.9 21.9 8.4 7.4 9.7 32.3 40.1 25.2 8.9 8.2 5.2 2.4 2.9 4.5 5.1 5.6 2.5 2.8 4.6 4.9 5.8 2.6 2.8 4.4 4.9 5.7 2.4 2.7 4.5 4.7 5.9 2.7 2.9 4.6 5.1 5.5 2.5 3.1 4.6 4.9 5.7 2.5 2.9 4.7 4.7 5.6 2.6 2.9 4.7 5.0 5.7 2.6 3.0 4.6 5.0 6.3 2.7 3.1 4.9 5.6 6.3 2.7 3.1 4.8 5.4 6.2 2.7 3.1 4.8 5.0 6.9 2.8 3.3 5.0 5.3 6.9 2.8 3.0 5.0 4.9 6.9 2.9 3.1 5.5 5.5 Both sexes, 16 to 19 years................ Men, 16 to 19 years........................ Women, 16 to 19 years.................. Men, 20 years and older.................... Women, 20 years and older.............. Black or African American, total 1……… Both sexes, 16 to 19 years................ Men, 16 to 19 years........................ Women, 16 to 19 years.................. Men, 20 years and older.................... Women, 20 years and older.............. Hispanic or Latino ethnicity……………… Married men, spouse present................ Married women, spouse present........... Full-time workers................................... Part-time workers.................................. Educational attainment2 Less than a high school diploma................ 6.8 7.1 6.7 6.8 7.2 6.7 7.5 7.4 7.6 7.6 7.7 7.3 8.2 7.8 8.3 Some college or associate degree……….. 4.3 3.6 4.4 3.6 4.5 3.4 4.1 3.5 4.5 3.6 4.4 3.7 4.6 3.4 4.6 3.5 4.5 3.3 4.7 3.7 4.6 3.6 4.7 3.7 5.1 3.8 5.0 3.9 5.2 4.3 Bachelor's degree and higher 4……………. 2.0 2.0 2.0 2.0 2.1 2.1 2.0 2.1 2.2 2.2 2.1 2.1 2.1 2.1 2.2 Dec. Jan. Feb. High school graduates, no college 3……… 1 Beginning in 2003, persons who selected this race group only; persons who selected more than one race group are not included. Prior to 2003, persons who reported more than one race were included in the group they identified as the main race. 2 Data refer to persons 25 years and older. 7. Duration of unemployment, monthly data seasonally adjusted [Numbers in thousands] Weeks of unemployment Less than 5 weeks........................... 5 to 14 weeks.................................. 15 weeks and over.......................... 15 to 26 weeks............................. 27 weeks and over....................... Mean duration, in weeks................... Median duration, in weeks............... Annual average 2006 2,614 2,121 2,266 1,031 1,235 16.8 8.3 2007 2,542 2,232 2,303 1,061 1,243 16.8 8.5 2007 May 2,467 2,187 2,236 1,099 1,137 16.6 8.3 June 2,505 2,140 2,296 1,136 1,159 16.8 8.3 July 2,496 2,220 2,402 1,091 1,311 17.3 8.9 Aug. 2,610 2,201 2,375 1,124 1,252 16.9 8.6 2008 Sept. 2,537 2,330 2,392 1,112 1,280 16.6 8.9 Oct. 2,508 2,454 2,367 1,052 1,315 17.0 8.7 Nov. 2,633 2,157 2,398 1,014 1,384 17.2 8.7 2,793 2,330 2,520 1,182 1,338 16.6 8.4 2,634 2,396 2,503 1,124 1,380 17.5 8.8 2,639 2,396 2,377 1,079 1,299 16.8 8.4 Mar. 2,767 2,525 2,400 1,118 1,282 16.2 8.1 Apr. 2,484 2,495 2,626 1,272 1,353 16.9 9.3 May 3,244 2,469 2,773 1,223 1,550 16.6 8.3 NOTE: Beginning in January 2003, data reflect revised population controls used in the household survey. Monthly Labor Review • July 2008 67 Current Labor Statistics: Labor Force Data 8. Unemployed persons by reason for unemployment, monthly data seasonally adjusted [Numbers in thousands] Reason for unemployment Job losers 1…………………….… On temporary layoff.............. Not on temporary layoff........ Job leavers.............................. Reentrants............................... New entrants........................... Annual average 2006 2007 2007 May June July Aug. 2008 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 3,321 921 2,400 827 2,237 616 3,515 976 2,539 793 2,142 627 3,375 997 2,379 768 2,149 557 3,418 862 2,555 810 2,125 628 3,629 983 2,646 823 2,082 602 3,632 981 2,652 794 2,076 603 3,622 963 2,660 839 2,154 685 3,731 1,064 2,668 790 2,103 709 3,609 979 2,630 783 2,160 669 3,857 975 2,882 798 2,343 697 3,796 1,040 2,756 830 2,201 667 3,854 971 2,883 769 2,112 648 4,154 1,056 3,098 781 2,117 681 4,014 1,099 2,915 850 2,134 624 4,282 1,113 3,169 870 2,460 828 47.4 13.2 34.3 11.8 32.0 8.8 49.7 13.8 35.9 11.2 30.3 8.9 49.3 14.6 34.7 11.2 31.4 8.1 49.0 12.4 36.6 11.6 30.4 9.0 50.8 13.8 37.1 11.5 29.2 8.4 51.1 13.8 37.3 11.2 29.2 8.5 49.6 13.2 36.4 11.5 29.5 9.4 50.9 14.5 36.4 10.8 28.7 9.7 50.0 13.6 36.4 10.8 29.9 9.3 50.1 12.7 37.5 10.4 30.4 9.1 50.7 13.9 36.8 11.1 29.4 8.9 52.2 13.2 39.0 10.4 28.6 8.8 53.7 13.7 40.1 10.1 27.4 8.8 52.7 14.4 38.2 11.2 28.0 8.2 50.7 13.2 37.5 10.3 29.1 9.8 2.2 .5 1.4 .4 2.2 .5 1.4 .4 2.4 .5 1.4 .4 2.4 .5 1.4 .4 2.4 .5 1.4 .4 2.4 .5 1.4 .5 2.3 .5 1.4 .4 2.5 .5 1.5 .5 2.5 .5 1.4 .4 2.5 .5 1.4 .4 2.7 .5 1.4 .4 2.6 .6 1.4 .4 2.8 .6 1.6 .5 Nov. Dec. Jan. Feb. May Percent of unemployed Job losers 1…………………….… On temporary layoff............... Not on temporary layoff......... Job leavers............................... Reentrants................................ New entrants............................ Percent of civilian labor force 2.2 2.3 Job losers 1…………………….… .5 .5 Job leavers............................... 1.5 1.4 Reentrants................................ .4 .4 New entrants............................ 1 Includes persons who completed temporary jobs. NOTE: Beginning in January 2003, data reflect revised population controls used in the household survey. 9. Unemployment rates by sex and age, monthly data seasonally adjusted [Civilian workers] Sex and age Annual average 2007 2006 2007 Total, 16 years and older.................. 16 to 24 years............................... 16 to 19 years............................ 16 to 17 years......................... 18 to 19 years......................... 20 to 24 years............................ 25 years and older........................ 25 to 54 years......................... 55 years and older.................. 4.6 10.5 15.4 17.2 14.1 8.2 3.6 3.8 3.0 4.6 10.5 15.7 17.5 14.5 8.2 3.6 3.7 3.1 4.5 10.1 15.8 16.8 15.3 7.4 3.5 3.6 3.2 4.6 10.6 16.0 17.0 15.7 8.1 3.5 3.6 3.1 Men, 16 years and older................. 16 to 24 years............................. 16 to 19 years.......................... 16 to 17 years....................... 18 to 19 years....................... 20 to 24 years.......................... 25 years and older...................... 25 to 54 years....................... 55 years and older................ 4.6 11.2 16.9 18.6 15.7 8.7 3.5 3.6 3.0 4.7 11.6 17.6 19.4 16.5 8.9 3.6 3.7 3.2 4.6 11.4 17.5 18.7 17.1 8.7 3.5 3.5 3.4 Women, 16 years and older........... 16 to 24 years............................. 16 to 19 years.......................... 16 to 17 years………………… 18 t0 19 years………………… 20 to 24 years.......................... 25 years and older...................... 25 to 54 years....................... 55 years and older 1………… 4.6 9.7 13.8 15.9 12.4 7.6 3.7 3.9 4.5 9.4 13.8 15.7 12.5 7.3 3.6 3.8 2.9 3.0 1 May June July 2008 Aug. Sept. Mar. Apr. 4.7 10.6 15.3 17.0 14.0 8.5 3.7 3.8 3.2 4.7 10.8 16.2 18.6 14.6 8.4 3.6 3.8 3.2 4.7 11.0 16.0 18.6 14.3 8.8 3.7 3.8 3.1 4.8 10.8 15.7 17.5 14.3 8.6 3.7 3.8 3.1 4.7 10.7 16.4 19.0 14.4 8.0 3.7 3.8 3.0 5.0 11.8 17.1 19.6 15.4 9.4 3.9 4.1 3.2 4.9 11.7 18.0 20.4 15.9 8.7 3.8 3.9 3.2 4.8 11.3 16.6 18.3 15.5 8.9 3.8 3.9 3.2 5.1 11.3 15.8 18.6 14.0 9.3 4.0 4.2 3.4 5.0 11.0 15.4 19.7 13.2 8.9 3.9 4.2 3.0 5.5 13.0 18.7 21.2 17.5 10.4 4.1 4.4 3.3 4.7 11.9 18.0 18.5 18.5 9.3 3.4 3.5 3.1 4.7 11.5 16.9 19.3 15.4 9.2 3.6 3.7 3.4 4.7 11.6 18.0 21.7 15.2 8.9 3.6 3.7 3.4 4.9 12.2 18.3 21.9 16.2 9.5 3.7 3.8 3.3 4.9 12.0 18.1 19.0 16.8 9.3 3.7 3.8 3.1 4.7 11.8 19.5 21.4 17.8 8.6 3.6 3.7 3.1 5.1 12.8 19.8 22.1 18.4 9.8 3.8 4.0 3.2 5.1 13.1 21.8 24.0 19.5 9.4 3.8 4.0 3.2 4.9 12.5 18.7 20.5 18.0 9.9 3.7 3.8 3.2 5.2 12.5 17.8 22.0 15.2 10.3 4.0 4.1 3.3 5.1 12.0 16.9 22.2 14.5 9.9 4.0 4.3 3.0 5.6 14.1 20.7 23.3 19.6 11.0 4.2 4.4 3.4 4.4 8.6 14.1 15.0 13.2 5.9 3.6 3.8 4.4 9.2 13.9 15.6 12.6 6.8 3.6 3.7 4.6 9.6 13.6 14.8 12.6 7.7 3.8 3.9 4.6 10.0 14.4 15.5 13.9 7.9 3.7 3.9 4.5 9.8 13.7 15.6 12.3 7.9 3.7 3.8 4.6 9.6 13.3 16.1 11.6 7.7 3.7 3.9 4.6 9.4 13.4 17.1 10.7 7.4 3.8 4.0 4.9 10.7 14.4 17.3 12.3 8.8 3.9 4.1 4.7 10.1 14.2 17.2 12.1 8.0 3.8 3.9 4.7 9.9 14.5 16.2 12.8 7.7 3.8 4.0 5.0 10.0 13.8 15.5 12.8 8.1 4.1 4.2 4.8 9.8 14.0 17.5 11.8 7.7 3.9 4.0 5.3 11.9 16.6 19.0 15.2 9.6 4.1 4.4 2.7 3.2 3.5 3.4 3.0 3.0 2.8 2.9 3.4 3.3 3.4 2.8 2.8 Data are not seasonally adjusted. NOTE: Beginning in January 2003, data reflect revised population controls used in the household survey. 68 Monthly Labor Review • July 2008 Oct. 10. Unemployment rates by State, seasonally adjusted Mar. Apr. 2007 State 2007p Apr. 2008p Mar. Apr. 2007 State Apr. 2007p 2008p Alabama............................………………… Alaska........................................................ Arizona............................…………………… Arkansas.................................................... California............................………………… 3.4 6.0 3.7 5.3 5.2 4.1 6.7 4.0 4.9 6.2 4.0 6.6 3.9 4.7 6.2 Missouri……………………………………… Montana..................................................... Nebraska............................………………… Nevada...................................................... New Hampshire............................………… 4.7 3.1 2.8 4.6 3.7 5.7 3.6 3.0 5.8 3.9 5.2 3.8 3.1 5.7 3.8 Colorado.................................................... Connecticut............................……………… Delaware................................................... District of Columbia............................…… Florida........................................................ 3.6 4.4 3.4 5.7 3.8 4.4 5.3 3.7 6.1 4.9 4.4 4.7 3.7 6.0 5.0 New Jersey................................................ New Mexico............................……………… New York................................................... North Carolina............................…………… North Dakota............................................. 4.3 3.6 4.4 4.7 3.2 4.8 3.7 4.8 5.2 3.1 4.9 3.5 4.7 5.4 3.1 Georgia............................………………… Hawaii........................................................ Idaho............................……………………… Illinois......................................................... Indiana............................…………………… 4.3 2.5 2.7 4.8 4.6 5.3 3.1 3.0 5.5 5.1 5.3 3.3 3.1 5.4 4.8 Ohio............................……………………… Oklahoma.................................................. Oregon............................…………………… Pennsylvania............................................. Rhode Island............................…………… 5.6 4.4 5.0 4.3 5.0 5.8 3.1 5.6 4.9 6.1 5.6 3.2 5.4 5.0 6.1 Iowa............................……………………… Kansas....................................................... Kentucky............................………………… Louisiana................................................... Maine............................…………………… 3.7 4.1 5.5 4.0 4.7 3.4 4.1 5.7 4.5 5.0 3.5 4.0 5.6 4.1 4.7 South Carolina............................………… South Dakota............................................. Tennessee............................……………… Texas......................................................... Utah............................……………………… 5.7 3.1 4.5 4.4 2.5 5.7 2.5 5.5 4.3 3.3 5.9 2.6 5.4 4.1 3.1 Maryland............................………………… Massachusetts........................................... Michigan............................………………… Minnesota.................................................. Mississippi............................……………… 3.5 4.6 7.1 4.7 6.4 3.6 4.4 7.2 4.7 6.0 3.6 4.1 6.9 4.8 5.9 Vermont............................………………… Virginia....................................................... Washington............................……………… West Virginia............................................. Wisconsin............................……………… Wyoming.................................................... 4.1 2.9 4.4 4.5 5.1 3.0 4.6 3.7 4.8 4.7 4.8 3.1 4.4 3.5 4.7 5.0 4.3 2.6 p = preliminary 11. Employment of workers on nonfarm payrolls by State, seasonally adjusted State Apr. 2007 Mar. 2007p Apr. 2008p State Apr. 2007 Mar. 2007p Apr. 2008p Alabama............................………… 2,178,162 2,204,599 2,204,064 Alaska............................................. 351,433 356,646 358,408 Arizona............................…………… 3,011,558 3,076,582 3,063,765 Arkansas........................................ 1,367,254 1,368,760 1,372,525 California............................………… 18,137,910 18,332,051 18,386,553 Missouri……………………………… 3,022,280 Montana......................................... 500,109 Nebraska............................………… 979,022 Nevada........................................... 1,325,805 New Hampshire............................… 738,000 3,022,821 504,839 990,785 1,384,761 743,473 3,011,857 504,689 994,675 1,387,381 746,047 Colorado......................................... 2,684,885 Connecticut............................……… 1,857,736 Delaware........................................ 442,254 District of Columbia........................ 326,020 Florida............................................ 9,111,097 2,767,276 1,885,198 445,279 333,529 9,216,291 2,766,345 1,878,210 446,742 332,430 9,230,108 New Jersey..................................... New Mexico............................…… New York........................................ North Carolina............................… North Dakota.................................. 4,468,092 941,340 9,494,982 4,507,645 364,935 4,495,254 950,059 9,531,973 4,544,121 370,133 4,511,868 951,024 9,579,215 4,556,974 370,711 Georgia............................………… 4,796,816 Hawaii............................................. 649,934 Idaho............................…………… 752,126 Illinois............................................. 6,669,156 Indiana............................…………… 3,212,545 4,887,760 658,069 756,234 6,807,686 3,227,874 4,901,170 662,706 753,153 6,812,673 3,218,708 Ohio............................……………… Oklahoma....................................... Oregon............................…………… Pennsylvania.................................. Rhode Island............................…… 5,976,610 1,732,782 1,920,649 6,275,086 575,907 5,989,549 1,721,702 1,952,691 6,324,453 572,793 5,996,475 1,723,558 1,948,481 6,370,068 573,241 Iowa............................……………… Kansas........................................... Kentucky............................………… Louisiana........................................ Maine............................…………… 1,657,532 1,476,973 2,043,737 1,995,693 703,570 1,672,820 1,487,175 2,039,908 2,017,129 707,948 1,675,438 1,485,051 2,045,644 2,019,333 708,753 South Carolina............................… 2,126,323 2,140,693 2,139,049 South Dakota.................................. 441,447 444,708 445,772 Tennessee............................……… 3,021,108 3,055,455 3,068,363 Texas.............................................. 11,460,972 11,632,844 11,675,906 Utah............................……………… 1,351,194 1,394,043 1,384,786 Maryland............................………… Massachusetts............................... Michigan............................………… Minnesota....................................... Mississippi............................……… 2,972,633 3,410,792 5,031,370 2,924,943 1,310,951 2,998,684 3,410,761 4,996,256 2,937,255 1,332,628 3,003,939 3,404,114 4,981,639 2,948,103 1,336,807 Vermont............................………… 354,566 Virginia........................................... 4,038,804 Washington............................……… 3,388,915 West Virginia.................................. 807,684 Wisconsin............................……… 3,094,003 Wyoming........................................ 286,896 351,989 4,114,709 3,465,783 814,324 3,105,386 292,489 352,161 4,116,639 3,466,809 817,836 3,096,698 291,045 NOTE: Some data in this table may differ from data published elsewhere because of the continual updating of the database. p = preliminary Monthly Labor Review • July 2008 69 Current Labor Statistics: Labor Force Data 12. Employment of workers on nonfarm payrolls by industry, monthly data seasonally adjusted [In thousands] Industry Annual average 2006 TOTAL NONFARM................. 136,086 TOTAL PRIVATE........................ 114,113 2007 2007 May June July Aug. 2008 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.p Mayp 137,623 137,518 137,625 137,682 137,756 137,837 137,977 138,037 138,078 138,002 137,919 137,831 137,764 137,702 115,420 115,332 115,423 115,512 115,544 115,610 115,715 115,759 115,745 115,666 115,557 115,454 115,363 115,272 22,531 22,221 22,272 22,267 22,242 22,176 22,138 22,101 22,049 21,976 21,907 21,816 21,737 21,628 21,574 684 64.4 619.7 134.5 220.3 Mining, except oil and gas 1…… 78.0 Coal mining…………………… Support activities for mining…… 264.9 7,691 Construction................................ Construction of buildings........... 1,804.9 985.1 Heavy and civil engineering…… Speciality trade contractors....... 4,901.1 Manufacturing.............................. 14,155 Production workers................ 10,137 8,981 Durable goods........................... 6,355 Production workers................ 558.8 Wood products.......................... 509.6 Nonmetallic mineral products 464.0 Primary metals.......................... Fabricated metal products......... 1,553.1 1,183.2 Machinery………..................... Computer and electronic 723 60.8 662.1 146.0 224.5 77.6 291.6 7,614 1,761.0 1,001.2 4,851.9 13,884 9,979 8,816 6,257 519.7 503.4 456.0 1,563.3 1,188.2 719 60.7 658.4 143.8 224.0 76.8 290.6 7,643 1,773.6 1,003.9 4,865.7 13,910 9,992 8,832 6,267 522.5 505.5 458.3 1,559.6 1,186.1 721 61.2 659.6 144.8 225.0 76.9 289.8 7,656 1,778.1 1,008.1 4,870.1 13,890 9,980 8,816 6,257 520.4 505.5 454.3 1,563.3 1,189.6 726 59.9 666.3 146.3 225.4 77.4 294.6 7,632 1,765.3 1,002.3 4,863.9 13,884 9,985 8,817 6,258 523.4 504.4 456.4 1,564.2 1,192.5 727 59.5 667.2 147.0 226.4 77.6 293.8 7,605 1,751.2 999.0 4,854.7 13,844 9,956 8,792 6,239 518.5 501.2 452.7 1,562.8 1,187.5 727 59.7 667.4 147.3 226.7 78.0 293.4 7,589 1,749.4 998.8 4,840.3 13,822 9,958 8,778 6,245 513.1 501.0 451.6 1,565.0 1,186.2 727 59.1 667.8 148.9 226.9 78.1 292.0 7,577 1,736.6 999.5 4,841.3 13,797 9,934 8,761 6,232 511.8 500.9 451.5 1,568.0 1,189.0 735 59.9 675.0 152.3 226.0 78.7 296.7 7,520 1,716.4 999.0 4,804.8 13,794 9,944 8,763 6,242 509.0 499.5 452.6 1,565.6 1,189.9 739 60.6 677.9 153.1 225.2 78.3 299.6 7,465 1,702.4 993.8 4,768.4 13,772 9,933 8,739 6,220 507.2 496.4 452.2 1,562.7 1,191.0 744 60.7 683.2 154.5 227.0 78.6 301.7 7,426 1,690.2 984.6 4,750.8 13,737 9,922 8,718 6,214 503.5 494.4 452.3 1,560.9 1,193.8 744 60.2 684.0 153.8 225.7 78.7 304.5 7,382 1,673.0 977.6 4,731.8 13,690 9,879 8,685 6,182 498.6 492.2 451.4 1,557.1 1,191.7 750 60.1 689.7 155.2 226.2 79.2 308.3 7,343 1,668.2 976.9 4,697.5 13,644 9,847 8,652 6,152 492.9 487.7 451.3 1,556.9 1,195.1 752 60.8 690.9 154.2 225.8 79.3 310.9 7,284 1,648.2 967.4 4,668.0 13,592 9,799 8,607 6,112 490.9 486.3 450.1 1,544.1 1,193.1 757 59.5 697.6 156.8 228.5 80.5 312.3 7,247 1,632.3 964.9 4,649.7 13,570 9,786 8,593 6,101 482.3 482.0 448.2 1,543.0 1,192.3 products 1……………………… 1,307.5 Computer and peripheral 1,271.9 1,275.0 1,270.8 1,268.3 1,265.6 1,260.5 1,256.5 1,260.5 1,257.6 1,256.3 1,251.9 1,254.1 1,253.8 1,250.5 GOODS-PRODUCING……………… Natural resources and mining…………..……….......…… Logging.................................... Mining.......................................... Oil and gas extraction…………… equipment.............................. Communications equipment… 196.2 136.2 186.9 128.6 187.8 127.2 185.5 127.4 186.2 127.5 186.1 128.5 185.9 128.5 185.1 128.1 185.5 129.5 185.4 129.0 184.9 129.5 185.9 128.7 186.0 129.4 186.7 130.9 186.0 131.1 Semiconductors and electronic components.......... Electronic instruments………. 457.9 444.5 444.5 444.0 447.3 445.2 446.0 444.5 443.7 443.1 439.9 442.5 437.4 442.0 435.8 441.9 437.0 443.0 434.9 443.7 433.5 444.3 429.7 442.9 428.7 446.2 426.7 445.7 423.7 445.8 Electrical equipment and appliances............................... Transportation equipment......... 432.7 1,768.9 427.2 1,710.9 427.7 1,716.1 427.1 1,711.6 427.7 1,704.7 426.1 1,705.7 426.0 1,706.1 427.2 1,689.3 426.6 1,693.5 423.8 1,684.7 421.6 1,678.1 420.8 1,672.0 419.9 1,651.1 421.5 1,630.6 422.1 1,638.7 Furniture and related products.....……………………… 560.1 Miscellaneous manufacturing 643.7 Nondurable goods..................... 5,174 Production workers................ 3,782 Food manufacturing.................. 1,479.4 534.5 641.0 5,068 3,723 1,481.3 538.7 642.4 5,078 3,725 1,480.5 534.4 638.9 5,074 3,723 1,484.9 536.1 639.5 5,067 3,727 1,488.8 533.0 638.8 5,052 3,717 1,480.6 530.6 637.6 5,044 3,713 1,476.0 528.3 638.2 5,036 3,702 1,478.6 527.0 638.8 5,031 3,702 1,477.9 523.8 639.9 5,033 3,713 1,486.3 520.4 636.4 5,019 3,708 1,483.2 516.0 633.3 5,005 3,697 1,482.7 511.2 632.0 4,992 3,695 1,477.0 506.4 630.2 4,985 3,687 1,473.8 504.3 629.1 4,977 3,685 1,472.8 Beverages and tobacco products………………………… Textile mills……………………… Textile product mills................... Apparel…………………………. Leather and allied products....... Paper and paper products......... 194.2 195.0 166.7 232.4 36.8 470.5 195.7 169.9 158.4 213.0 33.9 460.6 196.2 171.2 158.3 215.3 33.9 461.0 197.9 170.5 158.1 212.2 33.8 460.3 197.0 168.1 157.1 212.8 33.1 459.8 196.1 166.4 156.9 211.3 33.3 459.1 195.7 164.8 156.3 209.2 34.0 459.0 195.2 164.9 155.9 206.8 33.7 459.2 194.3 164.9 157.2 206.4 34.1 458.6 192.0 163.0 155.7 204.8 33.7 460.3 191.1 162.0 154.0 202.0 34.5 459.0 189.3 161.4 153.0 200.6 33.5 457.8 190.8 158.7 153.3 198.1 33.5 457.9 193.3 156.4 152.2 198.0 33.9 458.4 192.4 155.1 151.6 196.5 33.9 458.2 Printing and related support activities………………………… Petroleum and coal products..... Chemicals.................................. Plastics and rubber products.. 634.4 113.2 865.9 785.5 624.2 113.4 862.9 754.0 624.7 116.0 862.4 758.5 624.3 114.2 863.3 754.3 623.3 112.5 862.5 752.4 621.0 112.5 864.2 750.2 623.0 112.9 864.3 748.4 622.2 112.6 860.7 745.9 622.0 112.1 860.5 743.0 619.5 111.7 862.0 744.2 620.1 112.2 861.2 739.7 614.6 112.5 861.0 738.7 614.2 112.2 860.5 735.6 611.7 112.2 861.3 734.1 607.9 113.5 862.4 732.5 SERVICE-PROVIDING................... 113,556 115,402 115,246 115,358 115,440 115,580 115,699 115,876 115,988 116,102 116,095 116,103 116,094 116,136 116,128 PRIVATE SERVICEPROVIDING……………………… 91,582 Trade, transportation, and utilities................................ Wholesale trade......................... Durable goods………………….. Nondurable goods…………… 26,276 5,904.5 3,074.8 2,041.3 93,199 93,060 93,156 93,270 93,368 93,472 93,614 93,710 93,769 93,759 93,741 93,717 93,735 93,698 26,608 6,028.3 3,130.7 2,069.3 26,593 6,011.7 3,127.2 2,058.1 26,600 6,030.0 3,135.2 2,066.3 26,617 6,040.7 3,140.2 2,069.2 26,640 6,047.1 3,141.9 2,072.7 26,649 6,055.6 3,143.4 2,078.5 26,644 6,069.8 3,147.4 2,086.5 26,693 6,075.0 3,152.4 2,086.6 26,658 6,072.9 3,145.0 2,089.3 26,631 6,067.3 3,138.0 2,090.9 26,579 6,057.6 3,127.3 2,088.4 26,552 6,054.3 3,127.8 2,087.5 26,496 6,043.9 3,118.1 2,086.9 26,458 6,040.0 3,111.5 2,089.4 Electronic markets and agents and brokers…………… 788.5 828.4 826.4 828.5 831.3 832.5 833.7 835.9 836.0 838.6 838.4 841.9 839.0 838.9 839.1 Retail trade................................. 15,353.3 15,490.7 15,500.3 15,483.9 15,489.1 15,502.3 15,487.3 15,469.1 15,513.1 15,487.8 15,472.2 15,428.8 15,401.4 15,355.7 15,333.1 Motor vehicles and parts dealers 1……………………… Automobile dealers.................. 1,909.7 1,246.7 1,913.1 1,245.3 1,916.4 1,247.1 1,913.9 1,245.7 1,911.9 1,244.7 1,914.7 1,245.6 1,916.0 1,246.6 1,911.9 1,247.4 1,911.0 1,244.9 1,909.3 1,244.6 1,910.2 1,244.0 1,905.1 1,236.2 1,901.5 1,233.7 1,897.6 1,228.8 1,894.1 1,224.6 Furniture and home furnishings stores.................... 586.9 581.0 580.5 578.1 577.7 579.2 576.2 577.3 584.9 584.5 579.9 575.9 570.6 569.0 569.7 Electronics and appliance stores....................................... 541.1 543.7 546.5 543.9 545.0 542.7 540.1 537.1 542.6 540.4 534.3 533.6 535.0 534.7 537.9 See notes at end of table. 70 Monthly Labor Review • July 2008 12. Continued—Employment of workers on nonfarm payrolls by industry, monthly data seasonally adjusted [In thousands] Annual average Industry 2007 2008 2007 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. p Mayp 1,305.3 2,848.5 1,317.8 2,839.4 1,313.7 2,845.3 1,307.3 2,847.1 1,315.6 2,852.2 1,291.9 2,856.0 1,285.4 2,859.6 1,279.9 2,871.9 1,271.6 2,871.9 1,266.0 2,880.1 1,258.5 2,885.7 1,250.8 2,890.1 1,240.5 2,882.4 1,239.1 2,881.1 961.1 864.1 988.6 861.2 987.5 863.2 987.7 862.2 985.6 861.5 989.4 860.8 990.1 864.2 991.0 862.0 998.6 859.1 999.9 850.5 1,000.6 853.8 993.5 854.2 993.9 852.6 993.4 847.4 992.5 841.1 Clothing and clothing accessories stores …………………1,450.9 1,500.4 1,493.6 1,489.7 1,496.7 1,501.5 1,502.4 1,500.9 1,524.5 1,508.6 1,498.2 1,496.3 1,498.9 1,495.4 1,494.4 Sporting goods, hobby, book, and music stores…………… 645.5 General merchandise stores1………2,935.0 Department stores………………… 1,557.2 Miscellaneous store retailers……… 881.0 Nonstore retailers…………………… 432.8 658.2 2,984.6 1,576.7 868.7 437.6 656.4 2,994.3 1,585.8 868.0 436.7 656.2 2,987.6 1,581.0 869.8 435.8 660.5 2,987.0 1,580.1 871.3 437.5 661.8 2,978.9 1,573.0 869.7 435.8 665.1 2,976.5 1,570.5 873.3 435.5 664.0 2,975.8 1,568.5 869.0 435.1 664.0 2,968.2 1,560.6 868.3 440.1 661.6 2,976.7 1,568.4 866.3 446.5 667.2 2,971.1 1,564.3 869.4 441.4 661.9 2,955.7 1,543.3 865.3 443.1 658.6 2,943.9 1,534.3 862.8 442.7 651.5 2,939.0 1,528.1 863.3 441.5 654.3 2,927.3 1,514.6 860.6 441.0 Transportation and warehousing................................. 4,469.6 Air transportation…………….……… 487.0 Rail transportation……...…………… 227.5 62.7 Water transportation………...……… Truck transportation………..……… 1,435.8 4,536.0 492.6 234.4 64.3 1,441.2 4,527.6 484.2 235.1 63.4 1,450.2 4,531.8 493.0 233.8 64.5 1,445.2 4,533.0 493.4 234.4 65.0 1,437.4 4,535.4 494.6 234.4 65.1 1,438.2 4,551.2 494.5 234.6 65.0 1,440.6 4,548.7 495.2 234.0 64.9 1,433.6 4,549.0 503.0 233.8 65.0 1,428.7 4,539.9 502.1 232.5 64.4 1,423.1 4,534.5 504.7 233.8 63.8 1,422.5 4,535.5 508.2 233.7 62.5 1,417.4 4,537.7 507.5 233.7 61.6 1,420.4 4,538.3 504.5 233.5 62.3 1,415.2 4,527.4 502.7 233.2 62.0 1,411.6 2006 Building material and garden supply stores................................ 1,324.1 Food and beverage stores............. 2,821.1 Health and personal care stores……………………………… Gasoline stations…………………… Transit and ground passenger transportation………...…………… Pipeline transportation………...…… 399.3 38.7 410.0 40.1 407.3 39.9 405.3 39.9 411.0 40.0 413.3 40.1 417.8 40.1 417.4 40.3 411.5 40.6 411.8 40.8 411.9 40.6 413.5 40.9 412.9 41.2 418.3 41.3 412.2 42.3 Scenic and sightseeing transportation…….………………… 27.5 29.4 28.8 28.6 28.9 29.3 29.8 30.3 30.9 31.3 31.0 31.5 31.7 31.3 31.2 Support activities for transportation………………..…… Couriers and messengers……...…… Warehousing and storage………… Utilities ………………………….………..... Information…………………...…. 570.6 582.4 638.1 548.5 3,038 582.9 582.5 658.7 553.4 3,029 580.8 578.3 659.6 553.5 3,037 583.0 579.8 658.7 554.5 3,033 583.7 580.1 659.1 554.3 3,027 583.7 579.2 657.5 555.1 3,024 586.5 580.3 662.0 554.8 3,031 589.9 577.9 665.2 556.1 3,027 589.2 584.4 661.9 555.5 3,022 587.1 588.1 658.7 557.1 3,018 584.9 585.5 655.8 557.1 3,014 585.9 586.0 655.9 557.0 3,016 586.3 585.3 657.1 558.2 3,013 588.2 585.0 658.7 557.7 3,007 587.0 586.8 658.4 557.5 3,004 Publishing industries, except Internet…………………...………… 902.4 898.2 901.4 899.4 898.7 897.0 893.7 894.6 892.2 889.7 889.2 886.8 882.9 882.8 879.5 Motion picture and sound recording industries……...………… 375.7 Broadcasting, except Internet. 328.3 380.0 326.4 385.2 326.6 384.4 326.4 377.9 325.1 376.3 325.2 384.3 327.0 380.5 324.8 376.3 325.0 376.3 321.9 372.9 323.0 380.1 322.1 383.0 322.5 382.5 320.8 382.5 321.1 Internet publishing and broadcasting………………...……… Telecommunications………….…… 1,047.6 1,028.3 1,027.8 1,027.1 1,026.6 1,025.1 1,024.4 1,023.6 1,026.4 1,026.8 1,025.3 1,022.0 1,020.1 1,018.0 1,018.3 270.5 125.7 8,308 6,146.6 271.1 124.6 8,322 6,155.4 270.3 125.7 8,317 6,153.0 272.8 126.3 8,331 6,165.8 272.3 127.6 8,312 6,148.4 273.1 128.8 8,294 6,136.0 273.2 130.0 8,283 6,124.5 272.6 129.5 8,260 6,115.5 273.5 129.3 8,252 6,111.2 273.0 130.5 8,244 6,106.2 274.2 131.2 8,231 6,102.2 272.3 131.9 8,231 6,103.4 272.2 130.7 8,229 6,103.8 272.2 130.1 8,226 6,099.7 21.2 21.1 21.7 21.4 20.8 21.1 20.9 20.8 20.7 20.7 20.7 20.9 20.9 21.1 21.0 related activities1………………… 2,924.9 Depository credit 2,881.6 2,896.9 2,886.4 2,892.3 2,870.4 2,856.7 2,844.8 2,834.3 2,829.2 2,825.0 2,820.4 2,811.8 2,807.9 2,801.7 intermediation1…………………… 1,802.0 Commercial banking..…………… 1,322.9 1,822.5 1,345.8 1,818.8 1,343.9 1,818.2 1,343.0 1,823.8 1,346.7 1,825.8 1,347.3 1,831.0 1,350.1 1,829.3 1,350.1 1,823.4 1,344.7 1,824.6 1,345.9 1,821.5 1,342.2 1,823.3 1,344.9 1,821.6 1,343.4 1,822.9 1,344.2 1,821.2 1,344.3 818.3 847.9 846.2 849.5 851.2 852.6 853.2 855.0 856.9 856.7 859.2 862.5 865.8 867.2 866.9 Insurance carriers and related activities………………...… 2,303.7 2,308.1 2,303.2 2,308.4 2,314.2 2,315.4 2,317.0 2,315.3 2,315.6 2,316.8 2,313.9 2,311.1 2,318.4 2,319.7 2,322.6 87.9 87.8 87.4 87.3 87.3 88.9 88.2 88.6 88.0 87.8 87.4 87.3 86.5 87.9 87.5 Real estate and rental and leasing………………………..… 2,172.5 Real estate……………………….… 1,499.0 Rental and leasing services……… 645.5 2,161.7 1,491.9 640.3 2,166.2 1,497.2 640.0 2,163.8 1,494.7 639.2 2,165.4 1,493.8 641.4 2,163.3 1,493.9 638.9 2,157.7 1,489.8 637.8 2,158.6 1,489.1 639.7 2,144.7 1,477.1 637.4 2,140.6 1,476.4 633.6 2,138.0 1,471.4 635.2 2,128.6 1,466.0 631.0 2,127.8 1,465.0 631.1 2,124.9 1,465.7 627.4 2,126.4 1,466.9 628.2 28.1 29.5 29.0 29.9 30.2 30.5 30.1 29.8 30.2 30.6 31.4 31.6 31.7 31.8 31.3 17,566 17,962 17,938 17,935 17,958 17,979 18,000 18,070 18,079 18,131 18,101 18,073 18,014 18,031 17,982 services1…………………………… 7,356.7 Legal services……………..……… 1,173.2 7,662.0 1,176.4 7,627.8 1,180.7 7,645.4 1,178.5 7,664.2 1,173.7 7,688.0 1,174.2 7,729.7 1,178.6 7,759.3 1,179.7 7,784.8 1,175.2 7,820.5 1,173.9 7,819.2 1,173.0 7,829.2 1,174.9 7,823.5 1,172.6 7,845.6 1,172.5 7,840.0 1,172.0 889.0 947.2 932.5 938.6 947.8 954.0 964.5 971.3 979.4 993.3 992.3 991.9 983.3 986.1 975.4 Architectural and engineering services…………………………… 1,385.7 1,436.0 1,429.8 1,433.6 1,436.5 1,439.0 1,443.2 1,451.1 1,453.9 1,460.4 1,460.5 1,463.0 1,461.8 1,464.9 1,464.3 ISPs, search portals, and data processing………..………… Other information services………… 263.2 120.8 Financial activities ………………..… 8,328 Finance and insurance……………..…6,156.0 Monetary authorities— central bank…………………..…… Credit intermediation and Securities, commodity contracts, investments…………… Funds, trusts, and other financial vehicles…………….…… Lessors of nonfinancial intangible assets………………..… Professional and business services…………………………...… Professional and technical Accounting and bookkeeping services…………………………… . See notes at end of table Monthly Labor Review • July 2008 71 Current Labor Statistics: Labor Force Data 12. Continued—Employment of workers on nonfarm payrolls by industry, monthly data seasonally adjusted [In thousands] Industry Annual average 2007 2008 2006 2007 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.p Mayp 1,284.6 1,359.8 1,353.5 1,358.3 1,366.8 1,371.2 1,375.5 1,380.0 1,387.5 1,391.4 1,391.6 1,393.5 1,391.3 1,403.9 1,408.7 886.4 952.8 943.8 945.4 946.6 956.3 967.2 974.8 985.1 994.3 989.2 992.7 997.0 1,001.3 1,006.1 1,810.9 1,846.0 1,842.3 1,842.6 1,845.0 1,849.2 1,854.7 1,860.9 1,850.0 1,847.8 1,845.5 1,844.7 1,839.7 1,841.0 1,840.9 Administrative and waste services…………………………… 8,398.3 Administrative and support 8,453.6 8,468.1 8,446.8 8,448.6 8,441.3 8,415.3 8,449.6 8,444.1 8,462.8 8,436.2 8,398.6 8,351.2 8,344.4 8,301.2 8,096.7 3,600.9 2,605.1 805.5 8,113.0 3,629.7 2,614.6 806.2 8,090.8 3,602.5 2,603.3 804.1 8,092.2 3,584.6 2,596.5 805.5 8,083.4 3,570.2 2,589.4 803.8 8,057.4 3,533.0 2,565.1 802.7 8,092.2 3,567.7 2,592.0 798.5 8,081.4 3,563.9 2,583.7 798.9 8,099.3 3,566.9 2,578.5 803.7 8,070.8 3,562.1 2,574.6 797.4 8,036.1 3,531.6 2,536.8 796.6 7,987.3 3,483.7 2,506.0 794.1 7,978.9 3,462.2 2,487.1 792.8 7,934.7 3,421.2 2,455.2 788.0 Computer systems design and related services………… Management and technical consulting services…………… Management of companies and enterprises……..………..... services 1……………………… 8,050.2 Employment services 1……… 3,680.9 Temporary help services…… 2,637.4 792.9 Business support services…… Services to buildings and dwellings………………… 1,801.4 1,851.2 1,846.8 1,851.4 1,854.9 1,858.0 1,863.2 1,866.3 1,861.1 1,872.0 1,861.3 1,859.7 1,857.3 1,864.6 1,867.7 Waste management and remediation services…………. 348.1 356.9 355.1 356.0 356.4 357.9 357.9 357.4 362.7 363.5 365.4 362.5 363.9 365.5 366.5 17,826 2,900.9 18,327 2,949.1 18,247 2,928.2 18,314 2,952.9 18,360 2,962.7 18,422 2,981.3 18,451 2,967.7 18,490 2,974.9 18,522 2,975.5 18,568 2,984.5 18,617 3,003.4 18,665 3,009.6 18,709 3,018.6 18,757 3,030.5 18,801 3,037.7 Educational and health services………………...………. Educational services…….……… Health care and social assistance……….……………… 14,925.3 15,377.6 15,319.2 15,361.4 15,396.8 15,440.8 15,483.0 15,515.1 15,546.7 15,583.2 15,613.6 15,655.0 15,690.5 15,726.1 15,763.5 Ambulatory health care services 1……………………… 5,285.8 Offices of physicians…………… 2,147.8 Outpatient care centers……… 492.6 Home health care services…… 865.6 Hospitals………………………… 4,423.4 5,477.1 2,204.0 507.1 913.3 4,517.3 5,451.8 2,196.0 505.0 904.9 4,499.6 5,462.1 2,194.8 505.2 911.7 4,513.4 5,484.7 2,204.7 505.0 917.7 4,524.2 5,504.4 2,211.7 507.2 923.0 4,533.4 5,523.1 2,219.1 509.3 925.2 4,541.6 5,547.3 2,226.1 511.4 930.3 4,549.7 5,554.8 2,232.2 511.0 929.1 4,558.8 5,566.0 2,235.6 513.0 930.9 4,572.4 5,581.7 2,240.8 511.5 934.7 4,579.3 5,600.0 2,248.2 512.0 939.5 4,592.8 5,612.5 2,251.7 511.9 943.3 4,606.4 5,632.8 2,259.6 514.9 946.1 4,616.2 5,643.6 2,265.4 515.8 947.9 4,632.8 2,952.0 1,600.8 2,431.2 849.2 13,474 2,945.9 1,597.7 2,421.9 847.8 13,428 2,955.3 1,597.6 2,430.6 849.1 13,461 2,954.9 1,602.2 2,433.0 847.7 13,476 2,960.0 1,604.8 2,443.0 850.7 13,494 2,962.8 1,604.3 2,455.5 857.4 13,552 2,963.1 1,603.1 2,455.0 853.3 13,604 2,967.5 1,605.9 2,465.6 856.7 13,628 2,971.2 1,608.2 2,473.6 857.1 13,635 2,974.6 1,608.8 2,478.0 859.2 13,644 2,979.9 1,613.3 2,482.3 858.6 13,660 2,983.4 1,609.6 2,488.2 861.8 13,676 2,987.3 1,610.7 2,489.8 858.1 13,690 2,988.3 1,611.0 2,498.8 862.6 13,699 Nursing and residential care facilities 1………………… 2,892.5 Nursing care facilities………… 1,581.4 Social assistance 1……………… 2,323.5 Child day care services……… 818.3 Leisure and hospitality……….. 13,110 Arts, entertainment, and recreation……….…….…… 1,928.5 1,977.5 1,970.8 1,975.0 1,968.8 1,970.5 1,985.3 1,996.4 2,001.4 2,010.3 2,016.1 2,019.1 2,025.7 2,021.1 2,020.4 Performing arts and spectator sports………………… 398.5 412.4 409.2 412.1 405.8 409.2 414.3 419.0 426.4 429.9 429.5 431.0 433.9 436.4 439.4 Museums, historical sites, zoos, and parks………………… 123.8 130.2 129.6 130.6 131.9 131.1 131.6 131.9 131.6 131.5 132.6 131.7 133.4 132.6 133.7 1,406.3 1,434.9 1,432.0 1,432.3 1,431.1 1,430.2 1,439.4 1,445.5 1,443.4 1,448.9 1,454.0 1,456.4 1,458.4 1,452.1 1,447.3 Amusements, gambling, and recreation……………………… Accommodations and food services…………………… 11,181.1 11,496.3 11,457.6 11,486.1 11,507.0 11,523.6 11,567.0 11,607.5 11,626.8 11,624.7 11,628.0 11,640.7 11,650.7 11,668.7 11,678.3 Accommodations………………. 1,832.1 1,856.4 1,856.3 1,853.2 1,853.6 1,844.1 1,856.4 1,863.6 1,870.3 1,858.1 1,854.9 1,854.4 1,849.4 1,853.0 1,850.4 Food services and drinking places…………………………… 9,349.0 Other services…………………… 5,438 Repair and maintenance……… 1,248.5 Personal and laundry services 1,288.4 9,639.9 5,491 1,257.0 1,305.2 9,601.3 5,495 1,261.0 1,307.8 9,632.9 5,496 1,261.3 1,304.3 9,653.4 5,501 1,257.8 1,307.9 9,679.5 5,497 1,259.6 1,305.7 9,710.6 5,495 1,262.5 1,304.4 9,743.9 5,496 1,260.1 1,303.4 9,756.5 5,506 1,258.0 1,309.7 9,766.6 5,507 1,255.5 1,306.9 9,773.1 5,508 1,252.9 1,306.6 9,786.3 5,517 1,255.2 1,306.4 9,801.3 5,522 1,254.8 1,308.5 9,815.7 5,525 1,254.0 1,309.9 9,827.9 5,528 1,253.1 1,310.3 Membership associations and organizations…………………… 2,901.2 Government.................................. Federal........................................ Federal, except U.S. Postal Service.................................... U.S. Postal Service……………… State........................................... Education................................ Other State government.......... Local........................................... Education................................ Other local government........... 2,928.8 2,925.9 2,930.8 2,935.4 2,931.2 2,927.6 2,932.8 2,938.0 2,944.4 2,948.9 2,955.6 2,959.0 2,961.4 2,964.9 21,974 2,732 22,203 2,727 22,186 2,727 22,202 2,720 22,170 2,726 22,212 2,724 22,227 2,721 22,262 2,722 22,278 2,728 22,333 2,735 22,336 2,717 22,362 2,725 22,377 2,726 22,401 2,734 22,430 2,741 1,962.6 769.7 5,075 2,292.5 2,782.0 14,167 7,913.0 6,253.8 1,964.6 762.3 5,125 2,318.4 2,806.6 14,351 7,976.6 6,374.5 1,962.3 764.6 5,119 2,314.7 2,804.2 14,340 7,976.6 6,363.7 1,957.0 762.5 5,126 2,319.7 2,806.2 14,356 7,973.7 6,382.4 1,964.3 761.6 5,123 2,313.8 2,808.8 14,321 7,938.2 6,382.5 1,963.4 760.6 5,123 2,313.6 2,809.5 14,365 7,972.0 6,393.4 1,961.4 759.3 5,138 2,327.7 2,810.3 14,368 7,970.6 6,397.5 1,963.5 758.3 5,138 2,325.9 2,812.4 14,402 7,994.6 6,406.9 1,966.7 761.7 5,131 2,314.3 2,816.5 14,419 7,999.6 6,419.2 1,972.3 763.1 5,153 2,332.5 2,820.9 14,445 8,016.5 6,428.2 1,977.3 739.7 5,159 2,335.1 2,824.0 14,460 8,018.0 6,441.5 1,982.9 741.6 5,158 2,332.9 2,824.9 14,479 8,031.9 6,447.5 1,986.6 739.1 5,157 2,332.9 2,823.8 14,494 8,035.7 6,457.8 1,996.0 737.9 5,170 2,340.8 2,829.1 14,497 8,032.1 6,465.0 2,007.5 733.3 5,171 2,342.5 2,828.9 14,518 8,044.3 6,473.8 1 Includes other industries not shown separately. NOTE: See "Notes on the data" for a description of the most recent benchmark revision. p = preliminary. 72 Monthly Labor Review • July 2008 13. Average weekly hours of production or nonsupervisory workers1 on private nonfarm payrolls, by industry, monthly data seasonally adjusted Industry Annual average 2006 2007 2007 2008 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.p Mayp 33.7 TOTAL PRIVATE………………………… 33.9 33.8 33.8 33.9 33.8 33.8 33.8 33.8 33.8 33.8 33.7 33.7 33.8 33.8 GOODS-PRODUCING……………………… 40.5 40.6 40.5 40.7 40.6 40.6 40.6 40.6 40.7 40.5 40.4 40.4 40.5 40.4 40.2 Natural resources and mining…………… 45.6 45.9 45.8 46.0 45.9 45.7 46.2 46.0 46.2 45.8 45.7 45.7 46.2 44.9 44.8 Construction………………………………… 39.0 39.0 38.9 39.1 38.9 38.8 38.9 39.0 39.1 39.0 38.8 38.7 38.9 38.9 38.6 Manufacturing……………………............. Overtime hours.................................. 41.1 4.4 41.2 4.2 41.1 4.1 41.4 4.3 41.4 4.2 41.3 4.2 41.4 4.2 41.2 4.1 41.3 4.1 41.1 4.0 41.1 4.0 41.1 4.0 41.2 4.0 41.0 4.0 40.9 3.9 Durable goods..…………………............ Overtime hours.................................. Wood products..................................... Nonmetallic mineral products............... Primary metals..................................... Fabricated metal products................... Machinery………………………………… Computer and electronic products…… Electrical equipment and appliances… Transportation equipment.................... Furniture and related products……….. Miscellaneous manufacturing.............. 41.4 4.4 39.8 43.0 43.6 41.4 42.4 40.5 41.0 42.7 38.8 38.7 41.5 4.2 39.4 42.3 42.9 41.6 42.6 40.6 41.2 42.8 39.2 38.9 41.3 4.1 39.5 42.2 42.8 41.4 42.3 40.4 41.0 42.9 39.0 38.6 41.6 4.4 39.7 42.4 43.3 41.6 42.6 40.5 41.6 43.4 39.1 39.1 41.6 4.2 39.9 42.6 43.2 41.7 42.5 40.3 41.4 43.3 39.2 39.2 41.7 4.2 39.6 42.8 43.0 41.7 42.6 40.6 41.2 43.1 39.7 39.4 41.6 4.2 39.7 42.7 42.6 41.9 42.7 40.6 41.2 42.8 39.4 39.7 41.5 4.1 39.5 42.6 42.6 41.7 42.9 40.6 40.7 42.7 39.1 39.0 41.5 4.1 39.0 42.9 42.7 41.7 42.9 40.9 41.2 42.6 38.9 38.8 41.3 4.0 39.2 41.5 42.2 41.6 42.9 40.5 41.6 42.1 39.1 38.8 41.4 4.1 39.0 42.2 42.5 41.6 43.1 40.4 41.4 42.6 38.3 39.0 41.4 4.1 39.0 42.1 42.4 41.7 43.0 40.5 41.1 42.9 38.2 38.8 41.5 4.0 38.7 43.1 42.9 41.7 42.7 41.0 41.3 42.3 38.7 39.3 41.3 4.0 38.8 42.2 42.4 41.6 42.5 41.1 41.1 42.3 38.7 39.3 41.2 3.9 39.0 42.1 42.2 41.4 42.2 41.0 41.1 42.0 38.9 39.2 Nondurable goods.................................. Overtime hours.................................. Food manufacturing............................… Beverage and tobacco products.......... Textile mills……………………………… Textile product mills…………………… Apparel................................................. Leather and allied products.................. Paper and paper products……………… 40.6 4.4 40.1 40.8 40.6 39.8 36.5 38.9 42.9 40.8 4.1 40.7 40.8 40.3 39.7 37.2 38.1 43.2 40.8 4.1 40.6 40.6 40.3 39.7 37.3 38.9 42.8 40.9 4.2 40.6 40.9 40.5 40.4 37.8 38.0 43.0 40.9 4.1 40.8 40.7 40.2 40.8 37.5 37.5 43.0 40.8 4.1 40.6 41.0 39.9 39.9 37.2 37.7 43.1 40.9 4.1 40.7 40.8 40.4 39.9 37.2 37.9 43.2 40.8 4.1 40.8 40.6 40.2 39.2 36.6 37.7 43.3 40.9 4.1 40.6 40.5 39.9 39.1 36.9 38.1 43.7 40.8 4.0 40.4 40.8 40.2 39.9 37.5 39.1 44.0 40.6 3.9 40.5 40.5 38.7 38.6 36.7 38.2 44.0 40.6 3.9 40.6 40.1 38.8 39.3 36.8 38.2 43.9 40.7 3.9 40.7 40.4 38.8 39.3 36.7 38.7 43.6 40.5 3.9 40.8 39.6 38.4 38.3 36.6 38.6 43.3 40.5 3.9 40.8 39.8 38.9 38.7 36.1 38.5 42.6 Printing and related support activities............................................. Petroleum and coal products…………… Chemicals………………………………… Plastics and rubber products…………… 39.2 45.0 42.5 40.6 39.1 44.2 41.9 41.3 39.1 44.4 42.0 41.1 39.1 44.4 42.0 41.5 38.8 44.0 42.2 41.5 39.1 43.7 42.1 41.3 38.9 43.4 42.0 41.6 38.8 42.9 41.7 41.7 39.0 43.8 42.1 42.1 38.8 44.0 41.5 41.4 38.4 43.8 41.6 41.1 38.2 43.6 41.4 41.2 38.6 43.5 41.9 41.1 38.5 43.2 41.3 41.0 38.4 44.0 41.2 41.0 PRIVATE SERVICEPROVIDING……………………………… 32.5 32.4 32.5 32.5 32.4 32.4 32.4 32.4 32.4 32.4 32.4 32.3 32.4 32.4 32.4 Trade, transportation, and utilities.......………………....................... Wholesale trade........………………....... Retail trade………………………………… Transportation and warehousing……… Utilities……………………………………… Information………………………………… Financial activities………………………… 33.4 38.0 30.5 36.9 41.4 36.6 35.7 33.3 38.2 30.2 36.9 42.4 36.5 35.9 33.3 38.4 30.1 36.9 42.4 36.4 35.9 33.4 38.3 30.2 36.9 42.5 36.3 36.0 33.2 38.1 30.1 36.8 42.6 36.6 35.9 33.3 38.2 30.1 36.9 42.4 36.4 35.8 33.3 38.2 30.2 36.9 42.5 36.5 35.7 33.2 38.1 30.1 36.7 42.2 36.2 35.7 33.3 38.1 30.2 36.8 42.5 36.2 35.8 33.3 38.3 30.1 36.8 42.8 36.3 35.8 33.4 38.4 30.2 36.6 43.1 36.3 35.8 33.3 38.2 30.1 36.7 42.8 36.2 35.8 33.4 38.4 30.2 36.7 43.3 36.6 35.8 33.4 38.3 30.2 36.7 42.6 36.5 35.9 33.3 38.3 30.1 36.5 42.5 36.6 36.0 Professional and business services…………………………………… Education and health services…………… Leisure and hospitality…………………… Other services……………........................ 34.6 32.5 25.7 30.9 34.8 32.6 25.5 30.9 34.8 32.6 25.6 31.1 34.8 32.6 25.6 30.9 34.8 32.6 25.3 30.9 34.7 32.6 25.4 30.8 34.8 32.6 25.4 30.9 34.8 32.6 25.4 30.8 34.7 32.6 25.3 30.9 34.8 32.6 25.3 30.8 34.7 32.6 25.3 30.8 34.6 32.6 25.3 30.8 34.8 32.7 25.3 30.9 34.8 32.6 25.4 30.8 34.8 32.7 25.4 30.8 1 Data relate to production workers in natural resources and mining and manufacturing, construction workers in construction, and nonsupervisory workers in the service-providing industries. NOTE: See "Notes on the data" for a description of the most recent benchmark revision. p = preliminary. Monthly Labor Review • July 2008 73 Current Labor Statistics: Labor Force Data 14. Average hourly earnings of production or nonsupervisory workers1 on private nonfarm payrolls, by industry, monthly data seasonally adjusted Industry Annual average 2007 2007 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.p Mayp TOTAL PRIVATE Current dollars……………………… Constant (1982) dollars…………… $16.76 8.24 $17.42 8.32 $17.34 8.31 $17.41 8.32 $17.47 8.33 $17.51 8.35 $17.57 8.35 $17.59 8.34 $17.64 8.27 $17.70 8.27 $17.75 8.26 $17.81 8.29 $17.87 8.28 $17.89 8.27 $17.95 8.24 GOODS-PRODUCING............................... 18.02 18.67 18.63 18.68 18.69 18.73 18.78 18.77 18.84 18.90 18.98 19.04 19.12 19.12 19.17 19.90 20.02 16.81 15.96 17.68 15.33 20.96 20.95 17.26 16.43 18.19 15.67 20.86 20.91 17.23 16.41 18.16 15.64 20.89 20.94 17.28 16.43 18.23 15.65 20.95 20.94 17.30 16.46 18.23 15.70 21.09 21.01 17.33 16.49 18.27 15.71 20.99 21.12 17.34 16.50 18.28 15.74 21.05 21.07 17.34 16.52 18.28 15.73 21.02 21.20 17.40 16.58 18.31 15.85 21.54 21.30 17.41 16.60 18.33 15.86 21.75 21.38 17.49 16.68 18.41 15.92 21.69 21.47 17.55 16.74 18.49 15.94 22.01 21.56 17.61 16.79 18.54 16.03 21.61 21.60 17.62 16.80 18.58 15.99 21.64 21.69 17.66 16.86 18.61 16.05 PRIVATE SERVICE-PRIVATE SERVICEPROVIDING..........……………….............. 16.42 17.10 17.01 17.08 17.15 17.19 17.26 17.28 17.33 17.39 17.44 17.50 17.55 17.58 17.64 Trade,transportation, and utilities………………………………….... Wholesale trade.................................... Retail trade........................................... Transportation and warehousing……… Utilities…………………………………… Information.............................................. Financial activities.................................. 15.39 18.91 12.57 17.28 27.40 23.23 18.80 15.79 19.59 12.76 17.73 27.87 23.94 19.64 15.70 19.39 12.73 17.62 27.69 23.87 19.59 15.77 19.55 12.75 17.73 27.75 23.94 19.67 15.82 19.58 12.79 17.78 27.82 23.92 19.67 15.85 19.66 12.80 17.79 27.99 23.97 19.75 15.90 19.72 12.83 17.86 28.14 24.01 19.76 15.94 19.77 12.86 17.86 28.32 24.10 19.78 15.93 19.86 12.81 17.93 28.18 24.11 19.87 16.00 19.93 12.81 18.07 28.52 24.18 19.91 16.02 19.97 12.80 18.10 28.61 24.33 20.00 16.07 20.00 12.84 18.21 28.58 24.41 20.05 16.11 20.03 12.86 18.25 28.77 24.53 20.11 16.11 20.05 12.85 18.33 28.56 24.50 20.16 16.17 20.06 12.89 18.42 28.87 24.66 20.22 Professional and business services................................................. 19.13 20.13 20.02 20.11 20.19 20.25 20.36 20.31 20.42 20.46 20.53 20.63 20.74 20.84 20.90 Education and health services................................................. Leisure and hospitality.......................... Other services......................................... 17.38 9.75 14.77 18.11 10.41 15.42 17.99 10.32 15.33 18.06 10.39 15.40 18.14 10.46 15.46 18.20 10.50 15.51 18.29 10.55 15.55 18.34 10.60 15.59 18.43 10.61 15.66 18.48 10.65 15.71 18.54 10.67 15.74 18.59 10.73 15.76 18.61 10.74 15.77 18.64 10.79 15.79 18.70 10.83 15.82 Natural resources and mining............... Construction........................................... Manufacturing......................................... Excluding overtime........................... Durable goods…………………………… Nondurable goods……………………… 1 Data relate to production workers in natural resources and mining and manufacturing, construction workers in construction, and nonsupervisory workers in the service-providing industries. 74 2008 2006 Monthly Labor Review • July 2008 NOTE: See "Notes on the data" for a description of the most recent benchmark revision. p = preliminary. 15. Average hourly earnings of production or nonsupervisory workers1 on private nonfarm payrolls, by industry Industry Annual average 2006 TOTAL PRIVATE……………………………… $16.76 Seasonally adjusted……………………. – 2007 June July Aug. Sept. 2008 Oct. Nov. Dec. Jan. Feb. Mar. Apr.p Mayp 2007 May $17.42 – $17.30 $17.32 $17.44 $17.42 $17.64 $17.60 $17.63 $17.75 $17.80 $17.85 $17.92 $17.91 $17.90 17.34 17.41 17.47 17.51 17.57 17.59 17.64 17.70 17.75 17.81 17.87 17.89 17.95 GOODS-PRODUCING...................................... 18.02 18.67 18.62 18.70 18.72 18.81 18.91 18.86 18.88 18.96 18.90 18.94 19.03 19.06 19.13 Natural resources and mining…………….. 19.90 20.96 20.86 20.80 20.87 20.97 20.93 21.02 20.99 21.68 21.96 21.87 22.26 21.77 21.51 Construction.………….................................. 20.02 20.95 20.85 20.92 21.02 21.13 21.32 21.25 21.26 21.38 21.24 21.35 21.43 21.48 21.59 Manufacturing…………………………………… 16.81 17.26 17.21 17.28 17.22 17.31 17.39 17.34 17.42 17.51 17.53 17.55 17.60 17.63 17.64 Durable goods..………………….................. Wood products ......................................... Nonmetallic mineral products ……………… Primary metals ......................................... Fabricated metal products ….................... Machinery …………..……………………… Computer and electronic products ........... Electrical equipment and appliances ........ Transportation equipment ........................ Furniture and related products ................. Miscellaneous manufacturing ................... 17.68 13.39 16.59 19.36 16.17 17.20 18.94 15.54 22.41 13.80 14.36 18.19 13.67 16.93 19.66 16.53 17.72 19.95 15.94 23.02 14.32 14.66 18.14 13.60 16.98 19.63 16.49 17.63 19.88 16.09 22.89 14.35 14.42 18.23 13.71 17.15 19.70 16.46 17.60 19.96 16.10 23.17 14.40 14.74 18.10 13.62 17.04 19.85 16.52 17.82 20.08 16.09 22.67 14.36 14.82 18.27 13.61 16.88 19.72 16.58 17.69 20.06 16.03 23.33 14.31 14.77 18.35 13.65 16.94 19.83 16.61 17.79 20.20 16.10 23.42 14.36 14.78 18.30 13.81 16.94 19.81 16.69 17.68 20.28 15.80 23.20 14.36 14.70 18.36 13.82 17.05 19.69 16.70 17.74 20.22 15.68 23.41 14.35 14.72 18.46 13.88 16.94 19.73 16.82 17.95 20.33 15.73 23.46 14.50 15.00 18.43 13.90 16.99 20.04 16.77 17.72 20.51 15.70 23.34 14.38 14.91 18.50 13.82 16.86 19.99 16.78 17.81 20.60 15.73 23.48 14.37 14.95 18.53 13.89 16.80 20.21 16.85 17.85 20.80 15.66 23.46 14.42 15.08 18.56 13.96 17.12 20.20 16.81 17.88 20.90 15.76 23.52 14.45 14.97 18.58 14.08 16.89 20.23 16.84 18.00 21.06 15.71 23.53 14.46 14.97 Nondurable goods………………………...... Food manufacturing ...........................…… Beverages and tobacco products ............. 15.33 13.13 18.18 15.67 13.54 18.49 15.62 13.52 18.58 15.64 13.52 18.20 15.74 13.57 18.61 15.69 13.61 17.78 15.77 13.65 18.40 15.71 13.61 18.69 15.83 13.63 19.54 15.90 13.70 19.69 15.99 13.87 19.55 15.93 13.74 19.64 16.01 13.83 19.59 16.03 13.86 19.26 16.04 13.89 19.24 12.55 11.86 10.65 11.44 18.01 15.80 24.11 19.60 14.97 13.00 11.78 11.05 12.04 18.43 16.15 25.26 19.56 15.38 12.89 11.70 11.01 11.87 18.46 15.92 24.87 19.53 15.31 12.98 11.83 10.96 11.98 18.47 16.00 24.54 19.62 15.40 13.13 11.89 11.15 12.18 18.68 16.19 25.12 19.70 15.31 13.21 11.74 11.12 12.10 18.30 16.28 25.43 19.47 15.45 13.16 11.73 11.17 12.24 18.54 16.37 25.95 19.52 15.45 12.93 11.75 11.16 12.10 18.50 16.48 24.92 19.35 15.41 13.06 11.67 11.20 12.50 18.47 16.33 26.95 19.52 15.49 13.13 11.75 11.28 12.12 18.71 16.65 25.52 19.57 15.65 13.29 11.68 11.43 12.78 18.78 16.51 26.55 19.46 15.56 13.35 11.62 11.46 12.68 18.61 16.49 26.51 19.40 15.58 13.45 11.78 11.35 12.81 18.66 16.65 27.22 19.35 15.69 13.45 11.78 11.51 12.63 18.58 16.64 27.12 19.39 15.77 13.50 11.85 11.42 13.05 18.70 16.65 26.99 19.37 15.72 Textile mills .............................................. Textile product mills ................................. Apparel ..................................................... Leather and allied products ……………… Paper and paper products ………………… Printing and related support activities…... Petroleum and coal products ……………… Chemicals …………………………………… Plastics and rubber products .................... PRIVATE SERVICEPROVIDING ……………………………………. 16.42 17.10 16.95 16.96 17.10 17.05 17.31 17.27 17.31 17.45 17.52 17.58 17.65 17.62 17.59 Trade, transportation, and utilities…….…….......................................... Wholesale trade ……………………………… Retail trade …………………………………… Transportation and warehousing …………… Utilities ………..…..….………..……………… 15.39 18.91 12.57 17.28 27.40 15.79 19.59 12.76 17.73 27.87 15.67 19.29 12.73 17.51 27.70 15.74 19.44 12.75 17.74 27.47 15.89 19.70 12.84 17.90 27.70 15.81 19.58 12.78 17.84 27.73 16.00 19.85 12.91 17.96 28.27 15.94 19.75 12.85 17.89 28.44 15.84 19.89 12.70 17.94 28.17 15.89 20.10 12.64 18.04 28.61 16.02 20.01 12.78 18.08 28.62 16.08 20.03 12.82 18.14 28.61 16.16 20.08 12.90 18.19 28.88 16.16 20.01 12.90 18.28 28.69 16.14 19.92 12.90 18.35 28.84 Information…………………………………..... 23.23 23.94 23.81 23.71 23.77 23.85 24.22 24.15 24.11 24.34 24.44 24.44 24.58 24.52 24.62 Financial activities……..……….................... 18.80 19.64 19.53 19.53 19.66 19.65 19.88 19.79 19.83 19.97 19.96 20.07 20.18 20.22 20.20 19.13 20.13 19.95 19.96 20.26 20.01 20.34 20.19 20.33 20.67 20.65 20.77 20.93 20.84 20.81 services………………………………………… 17.38 Professional and business services………………………………………… Education and health 18.11 17.95 18.02 18.18 18.20 18.33 18.33 18.42 18.51 18.61 18.58 18.62 18.63 18.63 Leisure and hospitality ……………………… 9.75 10.41 10.33 10.30 10.33 10.39 10.53 10.61 10.67 10.77 10.73 10.82 10.76 10.80 10.83 Other services…………………...................... 14.77 15.42 15.38 15.36 15.39 15.43 15.58 15.55 15.61 15.75 15.74 15.78 15.84 15.82 15.85 1 Data relate to production workers in natural resources and mining and manufacturing, construction workers in construction, and nonsupervisory workers in the service-providing industries. Monthly Labor Review • July 2008 75 Current Labor Statistics: Labor Force Data 16. Average weekly earnings of production or nonsupervisory workers1 on private nonfarm payrolls, by industry Industry Annual average 2006 TOTAL PRIVATE………………… $567.87 Seasonally adjusted.......... – GOODS-PRODUCING…………… Natural resources and mining……………………….. CONSTRUCTION Manufacturing…………………… 2007 2007 May 2008 June July Aug. Sept. Oct. Nov. Dec Jan. Feb. Mar. Apr.p May.p $589.72 – $583.01 586.09 $588.88 590.20 $596.45 590.49 $592.28 591.84 $603.29 593.87 $594.88 594.54 $594.13 596.23 $605.28 598.26 $592.74 598.18 $596.19 600.20 $605.70 604.01 $599.99 604.68 $601.44 604.92 730.16 757.06 755.97 766.70 758.16 769.33 777.20 771.37 770.30 771.67 756.00 751.92 766.91 766.21 769.03 907.95 961.78 955.39 963.04 957.93 962.52 979.52 981.63 969.74 992.94 988.20 986.34 1,017.28 970.94 955.04 781.21 816.06 819.41 830.52 828.19 836.75 842.14 841.50 829.14 825.27 805.00 800.63 824.83 833.37 825.06 691.02 711.36 707.33 717.12 704.30 718.37 725.16 717.88 722.93 728.42 716.98 714.29 723.36 722.83 719.71 732.00 532.99 Wood products ......................... 712.71 Nonmetallic mineral products.... Primary metals…………………… 843.59 668.98 Fabricated metal products......... Machinery………………………… 728.84 754.12 539.10 716.79 843.28 687.13 753.99 751.00 541.28 719.95 838.20 682.69 745.75 763.84 553.88 737.45 853.01 686.38 749.76 743.91 546.16 729.31 849.58 682.28 753.79 763.69 543.04 732.59 844.02 693.04 750.06 770.70 548.73 735.20 848.72 699.28 761.41 763.11 548.26 730.11 841.93 700.98 762.01 763.78 534.83 731.45 842.73 701.40 762.82 771.63 546.87 696.23 844.44 708.12 780.83 759.32 530.98 696.59 851.70 695.96 763.73 758.50 523.78 686.20 847.58 693.01 762.27 767.14 531.99 715.68 869.03 702.65 763.98 766.53 538.86 722.46 852.44 699.30 761.69 763.64 550.53 717.83 849.66 697.18 759.60 766.96 809.19 801.16 812.37 801.19 812.43 828.20 827.42 833.06 841.66 822.45 826.06 852.80 854.81 861.35 636.95 957.65 656.58 985.57 656.47 668.15 986.56 1,010.21 659.69 658.83 666.54 943.07 1,012.52 1,011.74 649.38 992.96 652.29 671.67 999.61 1,006.43 649.98 638.64 994.28 1,002.60 645.19 994.70 646.16 999.60 640.97 985.91 535.90 561.03 553.91 568.80 562.91 576.69 572.96 561.48 559.65 578.55 545.00 541.75 555.17 553.44 556.71 manufacturing.......................... 555.90 569.98 556.61 580.76 573.53 581.94 588.24 574.77 571.14 589.50 580.00 575.58 594.15 586.82 583.83 Nondurable goods....................... 621.97 525.99 639.99 550.65 634.17 546.21 639.68 547.56 639.04 552.30 641.72 556.65 651.30 566.48 644.11 560.73 653.78 562.92 656.67 561.70 646.00 556.19 638.79 546.85 648.41 555.97 647.61 559.94 646.41 565.32 741.34 509.39 472.24 389.20 445.47 772.39 753.80 524.47 467.96 411.52 459.43 795.20 761.78 519.47 460.98 411.77 465.30 790.09 758.94 526.99 481.48 416.48 457.64 796.06 761.15 519.95 477.98 413.67 450.66 799.50 739.65 524.44 468.43 412.55 453.75 788.73 747.04 536.93 468.03 414.41 462.67 813.91 751.34 515.91 457.08 410.69 458.59 806.60 787.46 521.09 457.46 415.52 478.75 816.37 793.51 539.64 478.23 423.00 484.80 834.47 778.09 514.32 449.68 416.05 484.36 826.32 769.89 512.64 454.34 420.58 480.57 805.81 785.56 521.86 464.13 418.82 499.59 807.98 768.47 515.14 450.00 423.57 491.31 802.66 775.37 522.45 452.67 413.40 502.43 787.27 618.92 632.08 617.70 620.80 621.70 638.18 644.98 644.37 640.14 654.35 630.68 629.92 644.36 640.64 636.03 Durable goods…………………… Computer and electronic products.................................. Electrical equipment and appliances............................... Transportation equipment……… Furniture and related products……………………….. Miscellaneous Food manufacturing................... Beverages and tobacco products.................................. Textile mills……………………… Textile product mills…………… Apparel…………………………… Leather and allied products....... Paper and paper products……. Printing and related support activities……………… Petroleum and coal products………………………… 1,085.50 1,115.24 1,106.72 1,099.39 1,117.84 1,106.21 1,144.40 1,074.05 1,204.67 1,099.91 1,157.58 1,134.63 1,165.02 1,163.45 1,190.26 819.99 818.31 822.08 823.46 819.69 821.79 801.09 823.74 818.03 809.54 801.22 810.77 800.81 792.23 Chemicals………………………… 833.67 Plastics and rubber products………………………… PRIVATE SERVICEPROVIDING………….................... Trade, transportation, and utilities……………………… Wholesale trade......…………...... Retail trade………………………… 608.41 635.15 627.71 642.18 624.65 635.00 647.36 642.60 652.13 657.30 639.52 637.22 644.86 646.57 644.52 532.78 554.78 547.49 551.20 560.88 554.13 567.77 557.82 559.11 570.62 558.89 564.32 573.63 567.36 566.40 514.34 718.63 383.02 526.38 748.90 385.20 520.24 738.81 381.90 527.29 744.55 387.60 535.49 758.45 392.90 529.64 747.96 388.51 542.40 768.20 396.34 529.21 752.48 386.79 525.89 757.81 382.27 535.49 779.88 385.52 525.46 758.38 379.57 529.03 759.14 380.75 538.13 775.09 387.00 534.90 764.38 385.71 534.23 760.94 387.00 Transportation and warehousing……………………… 636.97 654.83 642.62 656.38 664.09 663.65 668.11 656.56 661.99 678.30 650.88 654.85 667.57 663.56 666.11 Utilities……………………………… 1,135.34 1,182.17 1,177.25 1,170.22 1,180.02 1,175.75 1,215.61 1,208.70 1,194.41 1,221.65 1,222.07 1,218.79 1,241.84 1,225.06 1,219.93 Information………………………… 850.42 873.63 857.16 858.30 884.24 870.53 896.14 874.23 872.78 893.28 877.40 879.84 902.09 887.62 891.24 Financial activities………………… 672.21 705.29 693.32 699.17 717.59 699.54 721.64 702.55 705.95 726.91 708.58 716.50 730.52 721.85 721.14 Professional and business services……………… 662.27 700.15 692.27 696.60 709.10 696.35 715.97 702.61 705.45 727.58 704.17 714.49 734.64 725.23 724.19 Education and Education and health services…………………… 564.94 590.18 581.58 585.65 598.12 593.32 603.06 595.73 600.49 607.13 604.83 603.85 608.87 603.61 605.48 Leisure and hospitality…………. 250.34 265.45 263.42 266.77 271.68 270.14 269.57 268.43 266.75 272.48 262.89 269.42 272.23 272.16 274.00 Other services……………………… 456.50 476.80 476.78 476.16 480.17 478.33 484.54 478.94 480.79 488.25 480.07 482.87 489.46 485.67 486.60 1 Data relate to production workers in natural resources and mining and manufacturing, NOTE: See "Notes on the data" for a description of the most recent benchmark revision. construction workers in construction, and nonsupervisory workers in the service- Dash indicates data not available. providing industries. p = preliminary. 76 Monthly Labor Review • July 2008 17. Diffusion indexes of employment change, seasonally adjusted [In percent] Timespan and year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Private nonfarm payrolls, 278 industries Over 1-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 50.5 52.2 65.1 51.6 45.4 50.5 60.6 60.9 51.8 41.4 64.1 54.2 64.4 52.7 47.4 62.6 58.2 59.3 51.1 45.6 61.7 55.8 53.3 56.6 45.6 58.9 58.2 52.7 50.4 56.0 58.0 60.4 52.2 50.0 61.3 58.9 51.6 56.9 54.7 53.5 56.4 56.9 53.6 55.8 54.6 51.3 62.4 57.1 48.2 51.8 54.7 56.0 48.5 Over 3-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 54.4 52.2 67.2 58.4 46.7 52.9 55.5 66.2 54.7 42.7 57.3 57.5 66.6 55.3 42.3 63.5 60.8 65.5 54.7 44.0 68.8 58.9 60.6 56.2 42.3 66.6 61.9 58.2 53.3 61.3 60.4 56.0 53.1 56.4 63.9 58.9 54.7 57.7 61.1 55.7 58.4 59.5 54.4 56.4 56.8 61.9 54.9 57.1 54.7 54.6 61.3 58.4 52.4 Over 6-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 50.0 54.6 63.1 59.1 51.5 51.6 57.3 64.4 56.4 49.8 55.3 56.8 67.2 57.5 44.7 60.9 57.5 67.0 56.8 46.5 63.7 57.5 64.4 58.8 43.2 65.1 58.2 66.4 58.2 65.1 64.4 61.5 56.2 63.9 62.8 61.7 58.0 60.4 62.0 60.4 58.2 61.7 59.3 59.7 57.1 58.2 61.5 60.8 54.6 56.0 62.0 56.0 53.8 Over 12-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 40.5 60.6 67.2 62.6 53.8 42.3 60.8 65.1 59.1 54.6 45.1 59.7 65.5 60.4 52.6 48.9 58.9 62.6 58.9 50.4 51.3 58.0 64.8 59.5 47.3 58.2 60.0 66.4 58.4 57.5 60.9 64.4 57.5 55.7 63.3 64.4 58.8 57.3 60.4 66.2 61.7 58.8 58.9 65.1 60.4 60.6 59.5 64.4 59.9 60.8 61.7 65.5 57.7 Manufacturing payrolls, 84 industries Over 1-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 43.5 36.3 57.7 47.6 40.5 47.6 48.8 45.8 35.7 28.6 47.0 42.9 54.8 30.4 38.1 63.7 44.6 48.8 29.8 35.1 50.6 42.3 38.1 37.5 41.7 51.2 35.1 53.0 39.3 58.3 38.1 50.6 41.7 42.9 47.0 44.0 33.3 42.9 45.8 36.3 40.5 48.2 46.4 40.5 45.2 42.3 47.0 38.1 44.6 39.9 47.0 39.3 36.3 Over 3-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 41.1 38.1 54.8 33.9 35.7 40.5 39.3 52.4 28.6 27.4 43.5 42.3 47.6 32.1 26.8 56.5 44.6 48.8 27.4 29.2 58.9 36.3 44.6 29.8 27.4 61.3 37.5 50.6 32.7 57.7 33.3 42.9 31.0 47.0 39.9 47.6 34.5 46.4 45.8 36.3 32.1 41.7 41.7 37.5 39.3 44.6 38.7 32.1 44.0 38.7 49.4 34.5 41.7 Over 6-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 29.2 33.9 42.9 34.5 34.5 31.5 38.1 45.2 27.4 33.9 32.7 35.1 50.6 23.8 32.1 44.6 36.9 47.6 27.4 28.0 49.4 32.1 48.2 31.5 23.8 54.8 32.1 47.6 34.5 59.5 41.7 46.4 33.3 56.0 35.7 48.8 31.0 51.2 36.3 43.5 29.2 51.8 36.9 41.7 35.1 44.0 37.5 38.7 34.5 38.7 42.3 29.8 32.7 Over 12-month span: 2004............................................... 2005.............................................. 2006.............................................. 2007………………………………… 2008………………………………… 13.1 44.6 44.6 39.3 29.8 14.3 43.5 40.5 36.3 29.8 13.1 41.7 40.5 36.9 29.8 20.2 40.5 39.3 28.6 24.4 23.2 36.3 39.3 29.8 26.2 35.7 35.1 44.6 26.2 36.9 32.1 41.7 26.8 38.1 33.9 42.3 29.2 36.9 32.7 46.4 30.4 44.0 33.3 48.2 29.8 44.6 33.3 45.2 33.3 44.6 38.1 44.0 33.9 NOTE: Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment. See the "Definitions" in this section. See "Notes on the data" for a description of the most recent benchmark revision. Data for the two most recent months are preliminary. Monthly Labor Review • July 2008 77 Current Labor Statistics: Labor Force Data 18. Job openings levels and rates by industry and region, seasonally adjusted 1 Levels (in thousands) Industry and region 2007 Nov. 2 Total ……………………………………………… Percent 2008 Dec. Jan. Feb. 2007 Mar. p Apr. Nov. May. 2008 Dec. 2.8 Jan. 2.8 Feb. 2.7 Mar. 2.7 Apr. 2.6 2.6 p May. 3,972 3,974 3,889 3,799 3,672 3,612 3,626 2.6 Total private 2………………………………… 3,520 3,526 3,449 3,350 3,225 3,192 3,180 3.0 3.0 2.9 2.8 2.7 2.7 2.7 Construction……………………………… 138 140 133 123 102 99 118 1.8 1.8 1.8 1.6 1.4 1.3 1.6 Manufacturing…………………………… 303 305 286 239 251 244 236 2.2 2.2 2.0 1.7 1.8 1.8 1.7 Trade, transportation, and utilities……… 648 667 643 598 562 550 603 2.4 2.4 2.4 2.2 2.1 2.0 2.2 Professional and business services…… 685 706 752 699 714 676 601 3.7 3.7 4.0 3.7 3.8 3.6 3.2 Education and health services………… 713 698 680 737 696 684 672 3.7 3.6 3.5 3.8 3.6 3.5 3.4 Leisure and hospitality…………………… 591 574 515 530 501 491 518 4.2 4.0 3.6 3.7 3.5 3.5 3.6 454 446 439 450 441 422 453 2.0 2.0 1.9 2.0 1.9 1.8 2.0 2.3 Industry Government………………………………… Region 3 Northeast………………………………… 629 644 662 576 602 618 617 2.4 2.4 2.5 2.2 2.3 2.3 South……………………………………… 1,620 1,574 1,536 1,485 1,386 1,364 1,373 3.2 3.1 3.0 2.9 2.7 2.7 2.7 Midwest…………………………………… 755 779 749 766 781 752 719 2.3 2.4 2.3 2.4 2.4 2.3 2.2 West……………………………………… 957 988 966 954 918 883 919 3.0 3.1 3.0 3.0 2.9 2.8 2.9 1 Detail will not necessarily add to totals because of the independent seasonal adjustment of the various series. 2 Includes natural resources and mining, information, financial activities, and other services, not shown separately. 3 Northeast: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont; South: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia; Midwest: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin; West: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming. NOTE: The job openings level is the number of job openings on the last business day of the month; the job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job openings. P = preliminary. 19. Hires levels and rates by industry and region, seasonally adjusted 1 Levels (in thousands) Industry and region 2007 Nov. 2 Total ……………………………………………… Percent 2008 Dec. Jan. Feb. 2007 Mar. Apr. p May. Nov. 3.4 2008 Dec. 3.4 Jan. 3.4 Feb. 3.3 Mar. 3.3 Apr. 3.4 May.p 4,672 4,717 4,639 4,586 4,569 4,715 4,301 3.1 Total private 2………………………………… 4,305 4,314 4,227 4,203 4,147 4,311 3,990 3.7 3.7 3.7 3.6 3.6 3.7 3.5 Construction……………………………… 351 335 319 349 350 385 300 4.7 4.5 4.3 4.7 4.8 5.3 4.1 Manufacturing…………………………… 353 350 326 285 309 300 274 2.6 2.5 2.4 2.1 2.3 2.2 2.0 Trade, transportation, and utilities……… 946 970 916 882 884 943 835 3.5 3.6 3.4 3.3 3.3 3.6 3.2 Professional and business services…… 902 851 897 780 893 858 799 5.0 4.7 5.0 4.3 5.0 4.8 4.4 Education and health services………… 527 460 516 522 501 510 499 2.8 2.5 2.8 2.8 2.7 2.7 2.7 Leisure and hospitality…………………… 846 880 824 868 801 841 884 6.2 6.4 6.0 6.4 5.9 6.1 6.4 349 390 394 387 429 407 388 1.6 1.7 1.8 1.7 1.9 1.8 1.7 2.7 Industry Government………………………………… Region3 Northeast………………………………… 761 770 767 713 715 743 697 3.0 3.0 3.0 2.8 2.8 2.9 South……………………………………… 1,828 1,802 1,814 1,769 1,703 1,725 1,591 3.7 3.6 3.6 3.6 3.4 3.5 3.2 Midwest…………………………………… 1,027 1,045 998 944 986 986 941 3.3 3.3 3.2 3.0 3.1 3.1 3.0 West……………………………………… 1,018 1,067 1,058 1,186 1,170 1,246 1,149 3.3 3.4 3.4 3.8 3.8 4.0 3.7 1 Detail will not necessarily add to totals because of the independent seasonal adjustment of the various series. 2 Includes natural resources and mining, information, financial activities, and other services, not shown separately. Midwest: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin; West: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming. 3 Northeast: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont; South: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia; 78 Monthly Labor Review • July 2008 NOTE: The hires level is the number of hires during the entire month; the hires rate is the number of hires during the entire month as a percent of total employment. p = preliminary. 20. Total separations levels and rates by industry and region, seasonally adjusted 1 Levels (in thousands) Industry and region 2007 Nov. 2 Total ……………………………………………… Percent 2008 Dec. Jan. Feb. 2007 Mar. Apr. p May. Nov. 2008 Dec. 3.4 3.2 Jan. Feb. 3.2 3.3 Mar. p Apr. 3.2 May. 4,640 4,408 4,477 4,503 4,390 4,404 4,381 3.2 3.2 Total private 2………………………………… 4,367 4,107 4,188 4,224 4,100 4,112 4,084 3.8 3.5 3.6 3.7 3.6 3.6 3.5 Construction……………………………… 322 331 311 329 367 378 400 4.3 4.4 4.2 4.5 5.0 5.2 5.5 2.7 Industry Manufacturing…………………………… 400 325 348 350 304 390 362 2.9 2.4 2.5 2.6 2.2 2.9 Trade, transportation, and utilities……… 1,065 981 1,005 957 941 1,003 885 4.0 3.7 3.8 3.6 3.5 3.8 3.3 Professional and business services…… 878 814 790 861 806 739 718 4.9 4.5 4.4 4.8 4.5 4.1 4.0 Education and health services………… 423 417 447 459 449 429 417 2.3 2.2 2.4 2.5 2.4 2.3 2.2 Leisure and hospitality…………………… 799 803 800 854 776 722 831 5.9 5.9 5.9 6.2 5.7 5.3 6.1 286 295 290 278 291 295 294 1.3 1.3 1.3 1.2 1.3 1.3 1.3 2.9 Government………………………………… Region3 Northeast………………………………… 860 635 697 770 737 709 750 3.3 2.5 2.7 3.0 2.9 2.8 South……………………………………… 1,709 1,712 1,699 1,673 1,617 1,666 1,627 3.4 3.4 3.4 3.4 3.3 3.4 3.3 Midwest…………………………………… 974 980 975 902 918 949 931 3.1 3.1 3.1 2.9 2.9 3.0 3.0 1,117 1,117 1,107 1,167 1,101 1,094 1,064 3.6 3.6 3.6 3.8 3.6 3.5 3.4 West……………………………………… 1 Detail will not necessarily add to totals because of the independent seasonal adjustment of the various series. Midwest: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin; West: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming. 2 Includes natural resources and mining, information, financial activities, and other services, not shown separately. 3 Northeast: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont; South: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia; NOTE: The total separations level is the number of total separations during the entire month; the total separations rate is the number of total separations during the entire month as a percent of total employment. p = preliminary 21. Quits levels and rates by industry and region, seasonally adjusted Levels1 (in thousands) Industry and region 2007 Nov. Total 2……………………………………………… Percent 2008 Dec. Jan. Feb. 2007 Mar. Apr. p May. Nov. 1.8 2008 Dec. 1.8 Jan. Feb. 1.8 1.8 Mar. 1.7 Apr. p May. 2,501 2,494 2,493 2,522 2,375 2,444 2,344 1.8 1.7 Total private 2………………………………… 2,361 2,358 2,355 2,384 2,258 2,301 2,209 2.0 2.0 2.0 2.1 2.0 2.0 1.9 Construction……………………………… 116 119 113 133 111 127 120 1.5 1.6 1.5 1.8 1.5 1.7 1.6 Manufacturing…………………………… 187 182 183 187 157 182 167 1.4 1.3 1.3 1.4 1.2 1.3 1.2 Trade, transportation, and utilities……… 572 590 598 532 535 550 499 2.1 2.2 2.2 2.0 2.0 2.1 1.9 Professional and business services…… 398 367 351 492 386 385 380 2.2 2.0 1.9 2.7 2.1 2.1 2.1 Education and health services………… 269 258 276 271 279 270 230 1.5 1.4 1.5 1.5 1.5 1.4 1.2 Leisure and hospitality…………………… 557 561 525 539 529 516 546 4.1 4.1 3.8 3.9 3.9 3.8 4.0 140 137 138 135 126 144 134 .6 .6 .6 .6 .6 .6 .6 1.4 Industry Government………………………………… Region3 Northeast………………………………… 367 312 358 410 334 368 352 1.4 1.2 1.4 1.6 1.3 1.4 South……………………………………… 996 1,008 1,045 1,021 996 1,001 948 2.0 2.0 2.1 2.1 2.0 2.0 1.9 Midwest…………………………………… 529 521 502 475 491 500 477 1.7 1.6 1.6 1.5 1.6 1.6 1.5 West……………………………………… 607 632 583 632 568 575 564 2.0 2.0 1.9 2.0 1.8 1.9 1.8 1 Detail will not necessarily add to totals because of the independent seasonal adjustment of the various series. 2 Includes natural resources and mining, information, financial activities, and other services, not shown separately. Midwest: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin; West: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming. 3 Northeast: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont; South: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia; NOTE: The quits level is the number of quits during the entire month; the quits rate is the number of quits during the entire month as a percent of total employment. p = preliminary. Monthly Labor Review • July 2008 79 Current Labor Statistics: Labor Force Data 22. Quarterly Census of Employment and Wages: 10 largest counties, third quarter 2007. County by NAICS supersector Average weekly wage1 Employment September 2007 (thousands) Percent change, September 2006-072 Third quarter 2007 Percent change, third quarter 2006-072 United States3 .............................................................................. Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 9,012.8 8,721.6 124.7 895.5 361.4 1,916.9 144.3 871.8 1,484.6 825.8 726.7 1,162.9 291.2 136,246.9 114,790.8 1,931.5 7,774.4 13,845.4 26,299.2 3,033.1 8,123.2 18,017.6 17,506.6 13,562.6 4,433.8 21,456.1 0.9 .9 1.7 -1.0 -2.2 1.2 .0 -.7 1.7 2.9 1.9 1.2 1.0 $818 810 820 876 987 707 1,274 1,200 998 775 348 531 859 4.3 4.5 7.8 5.7 4.3 3.2 4.6 5.9 6.4 3.6 4.2 4.1 3.2 Los Angeles, CA .......................................................................... Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 401.9 397.9 .5 14.3 15.2 55.3 8.8 25.2 43.4 28.2 27.1 179.8 4.0 4,191.6 3,626.2 12.7 160.4 444.7 811.9 216.3 243.7 608.9 480.4 401.1 246.0 565.4 .4 .1 5.0 -.9 (4) -.1 8.5 -2.6 -.3 1.8 1.8 .0 2.3 925 901 1,095 945 961 765 1,520 1,483 1,051 851 518 439 1,080 3.4 3.1 -8.3 5.4 (4) 2.0 -.3 (4) 6.3 ( 4) 2.8 5.8 (4) Cook, IL ........................................................................................ Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 138.0 136.6 .1 12.1 7.1 27.6 2.5 15.8 28.2 13.6 11.6 13.8 1.4 2,541.5 2,232.8 1.3 98.2 237.2 472.2 58.4 215.4 441.6 369.2 240.0 95.0 308.7 .0 .2 -7.7 -1.6 -1.9 -.9 .6 -1.5 .9 1.6 2.2 .7 -.9 961 958 1,063 1,207 981 776 1,402 1,547 1,179 843 430 691 985 3.3 3.6 3.5 5.5 3.0 -.5 9.1 7.8 3.1 3.7 4.6 3.0 2.3 New York, NY ............................................................................... Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 118.0 117.7 .0 2.3 3.1 22.1 4.4 18.7 24.6 8.6 11.2 17.4 .3 2,350.3 1,906.7 .1 35.8 37.5 248.2 135.6 380.0 482.2 283.3 208.5 87.2 443.5 2.0 2.3 -1.9 6.9 -4.7 1.7 1.0 2.0 2.3 2.0 3.3 1.5 .7 1,544 1,667 1,749 1,461 1,158 1,124 1,916 3,047 1,769 1,011 728 889 1,014 8.7 9.6 11.8 5.3 3.0 4.3 4.5 16.3 8.6 4.8 6.1 3.7 1.5 Harris, TX ..................................................................................... Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 95.1 94.5 1.5 6.6 4.6 21.7 1.3 10.5 18.9 10.0 7.3 11.0 .5 2,028.0 1,783.4 78.4 151.5 182.2 424.7 32.8 120.7 341.2 214.7 176.2 58.4 244.6 3.8 4.3 (4) 5.5 3.5 3.9 2.6 2.0 4.9 5.4 3.2 3.9 .6 1,015 1,027 2,580 968 1,290 901 1,258 1,256 1,156 824 366 595 922 6.7 7.1 (4) 6.1 7.7 6.0 9.1 7.3 7.5 1.7 2.2 7.6 3.1 Maricopa, AZ ................................................................................ Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 99.3 98.6 .5 10.6 3.6 21.6 1.6 12.7 21.8 9.7 7.2 7.2 .7 1,825.1 1,605.3 8.5 165.8 132.2 374.9 30.4 148.6 316.8 198.9 177.6 50.1 219.9 .2 -.1 2.9 -7.6 -3.7 2.0 -.7 -2.4 .3 4.4 1.4 2.2 2.8 822 811 723 834 1,116 777 1,030 1,024 825 879 387 570 908 3.8 4.1 6.0 3.9 3.2 3.5 .4 .0 9.1 5.5 5.7 5.2 1.2 See footnotes at end of table. 80 Establishments, third quarter 2007 (thousands) Monthly Labor Review • July 2008 22. Continued—Quarterly Census of Employment and Wages: 10 largest counties, second quarter 2007. County by NAICS supersector Establishments, second quarter 2007 (thousands) Average weekly wage1 Employment June 2007 (thousands) Percent change, June 2006-072 Second quarter 2007 Percent change, second quarter 2006-072 Orange, CA .................................................................................. Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 94.7 93.3 .2 7.1 5.4 17.8 1.4 11.4 19.2 9.8 7.0 14.0 1.4 1,519.5 1,363.2 6.2 105.6 177.1 278.2 30.1 128.1 274.6 139.6 175.1 48.4 156.3 -1.0 -1.3 -6.8 -3.5 (4) .4 -2.2 -7.7 (4) 2.9 1.7 -.4 1.1 $952 939 588 1,016 1,150 892 1,340 1,445 1,000 833 410 561 1,062 3.4 2.8 10.7 7.2 (4) (4) 7.5 (4) (4) 3.3 5.1 4.1 6.7 Dallas, TX ..................................................................................... Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 67.6 67.1 .6 4.4 3.2 15.0 1.7 8.7 14.4 6.6 5.2 6.4 .5 1,492.6 1,330.0 7.1 84.1 144.2 307.2 48.6 145.7 274.3 144.7 131.2 40.6 162.5 3.2 3.2 -4.7 4.4 -.4 2.3 -4.6 2.8 5.9 6.6 3.6 1.2 2.9 1,011 1,022 2,879 935 1,202 974 1,371 1,331 1,108 968 430 602 920 5.4 5.4 -1.1 1.4 8.1 6.1 7.3 5.2 5.8 6.8 2.6 2.9 5.0 San Diego, CA ............................................................................. Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 91.7 90.4 .8 7.2 3.2 14.6 1.3 9.9 16.4 8.0 6.9 22.1 1.3 1,334.7 1,108.8 11.6 90.9 102.4 219.8 37.5 81.5 217.9 127.1 163.6 56.6 225.9 .2 -.1 -4.1 -6.5 (4) .3 .5 -3.3 .6 (4) 2.8 1.1 1.7 890 868 540 916 1,190 730 1,873 1,108 1,076 812 389 482 996 4.8 4.7 4.0 6.3 6.6 5.8 1.7 3.5 6.0 4.1 3.5 2.8 4.8 King, WA ...................................................................................... Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 75.9 75.4 .4 6.8 2.5 14.8 1.8 7.0 12.9 6.3 6.0 16.7 .5 1,182.2 1,027.6 3.3 72.9 112.0 219.5 75.8 76.4 188.1 120.6 113.7 45.4 154.6 2.9 3.3 3.4 11.0 1.9 2.0 5.0 -1.0 4.4 2.7 3.9 .9 .6 1,028 1,033 1,224 1,002 1,386 903 1,829 1,272 1,180 812 427 571 995 3.8 3.5 1.4 6.5 .8 6.1 4.1 3.3 1.1 4.5 2.4 7.9 6.0 Miami-Dade, FL ............................................................................ Private industry ........................................................................ Natural resources and mining .............................................. Construction ......................................................................... Manufacturing ...................................................................... Trade, transportation, and utilities ........................................ Information ........................................................................... Financial activities ................................................................ Professional and business services ..................................... Education and health services ............................................. Leisure and hospitality ......................................................... Other services ...................................................................... Government ............................................................................. 85.9 85.6 .5 6.2 2.6 23.1 1.5 10.4 17.3 8.9 5.7 7.6 .3 1,002.1 868.2 9.2 53.5 48.0 252.6 20.7 71.6 136.4 135.4 101.8 35.7 133.9 1.0 .8 .3 1.5 -1.7 .9 -.7 -.9 -1.5 3.1 1.3 1.9 2.4 814 788 496 841 735 747 1,163 1,161 949 796 458 525 969 3.8 3.7 6.0 -1.1 1.9 2.3 4.6 5.6 7.5 4.6 2.5 5.8 4.8 1 Average weekly wages were calculated using unrounded data. 2 Percent changes were computed from quarterly employment and pay data adjusted for noneconomic county reclassifications. See Notes on Current Labor Statistics. 3 Totals for the United States do not include data for Puerto Rico or the Virgin Islands. 4 Data do not meet BLS or State agency disclosure standards. NOTE: Includes workers covered by Unemployment Insurance (UI) and Unemployment Compensation for Federal Employees (UCFE) programs. Data are preliminary. Monthly Labor Review • July 2008 81 Current Labor Statistics: Labor Force Data 23. Quarterly Census of Employment and Wages: by State, second quarter 2007. State Establishments, second quarter 2007 (thousands) June 2007 (thousands) Percent change, June 2006-07 Second quarter 2007 Percent change, second quarter 2006-07 United States2 ................................... 8,945.9 137,018.2 1.2 $820 4.6 Alabama ............................................ Alaska ............................................... Arizona .............................................. Arkansas ........................................... California ........................................... Colorado ........................................... Connecticut ....................................... Delaware ........................................... District of Columbia ........................... Florida ............................................... 120.1 21.1 158.9 82.7 1,291.3 179.4 112.5 29.1 31.9 604.8 1,965.4 325.8 2,612.4 1,186.5 15,832.5 2,326.9 1,714.2 430.2 683.2 7,894.2 1.1 -.5 1.2 .3 .8 2.2 .9 .0 .8 .2 697 832 786 639 935 832 1,033 870 1,357 743 3.6 5.6 4.4 4.2 5.4 4.8 6.4 2.2 4.3 3.2 Georgia ............................................. Hawaii ............................................... Idaho ................................................. Illinois ................................................ Indiana .............................................. Iowa .................................................. Kansas .............................................. Kentucky ........................................... Louisiana ........................................... Maine ................................................ 270.4 38.6 57.1 358.6 158.2 93.4 85.7 109.8 119.9 50.0 4,091.5 631.2 679.1 5,956.3 2,933.4 1,518.6 1,370.7 1,828.2 1,880.2 619.6 1.4 1.4 3.0 .8 .5 .9 2.0 1.7 3.2 .6 792 736 626 874 702 664 702 700 711 658 6.5 4.2 2.3 4.4 2.6 3.9 4.8 4.2 4.1 4.1 Maryland ........................................... Massachusetts .................................. Michigan ............................................ Minnesota ......................................... Mississippi ......................................... Missouri ............................................. Montana ............................................ Nebraska ........................................... Nevada .............................................. New Hampshire ................................ 164.0 210.1 257.1 170.7 69.7 174.7 42.3 58.7 74.7 49.0 2,584.9 3,300.7 4,252.9 2,730.9 1,137.4 2,764.6 449.8 930.9 1,297.9 643.7 .7 1.2 -1.4 .0 .9 .8 1.7 1.6 1.0 .7 899 1,008 807 834 609 727 611 654 776 823 5.3 4.8 2.9 5.6 3.6 3.4 6.3 3.5 3.7 6.3 New Jersey ....................................... New Mexico ...................................... New York .......................................... North Carolina ................................... North Dakota ..................................... Ohio .................................................. Oklahoma .......................................... Oregon .............................................. Pennsylvania ..................................... Rhode Island ..................................... 278.1 53.7 576.8 251.0 25.1 290.5 99.1 130.8 338.7 36.1 4,066.7 833.3 8,688.8 4,090.5 347.7 5,384.6 1,538.5 1,761.6 5,740.3 492.9 .4 1.1 1.3 3.0 1.5 -.1 1.6 1.7 1.1 .3 989 686 1,020 718 619 740 665 742 802 774 4.3 5.2 5.9 4.1 4.7 3.4 4.1 4.5 4.6 2.5 South Carolina .................................. South Dakota .................................... Tennessee ........................................ Texas ................................................ Utah .................................................. Vermont ............................................ Virginia .............................................. Washington ....................................... West Virginia ..................................... Wisconsin .......................................... 115.8 30.1 140.7 548.7 86.3 24.7 227.4 216.7 48.7 158.2 1,917.4 404.3 2,768.7 10,296.1 1,233.7 306.6 3,731.5 2,989.8 717.1 2,845.8 3.0 2.1 .7 3.4 4.4 -.5 1.0 2.7 .3 .4 665 590 729 827 698 698 859 835 659 709 2.9 4.8 3.6 5.9 6.6 5.0 4.4 4.6 3.6 3.7 Wyoming ........................................... 24.4 288.3 3.3 739 8.0 Puerto Rico ....................................... Virgin Islands .................................... 56.9 3.4 1,020.7 46.9 -1.6 3.4 460 707 6.0 4.1 1 Average weekly wages were calculated using unrounded data. 2 Totals for the United States do not include data for Puerto Rico or the Virgin Islands. 82 Average weekly wage1 Employment Monthly Labor Review • July 2008 NOTE: Includes workers covered by Unemployment Insurance (UI) and Unemployment Compensation for Federal Employees (UCFE) programs. Data are preliminary. 24. Annual data: Quarterly Census of Employment and Wages, by ownership Year Average establishments Average annual employment Total annual wages (in thousands) Average annual wage per employee Average weekly wage Total covered (UI and UCFE) 1997 .................................................. 1998 .................................................. 1999 .................................................. 2000 .................................................. 2001 .................................................. 2002 .................................................. 2003 .................................................. 2004 .................................................. 2005 .................................................. 2006 .................................................. 7,369,473 7,634,018 7,820,860 7,879,116 7,984,529 8,101,872 8,228,840 8,364,795 8,571,144 8,784,027 121,044,432 124,183,549 127,042,282 129,877,063 129,635,800 128,233,919 127,795,827 129,278,176 131,571,623 133,833,834 $3,674,031,718 3,967,072,423 4,235,579,204 4,587,708,584 4,695,225,123 4,714,374,741 4,826,251,547 5,087,561,796 5,351,949,496 5,692,569,465 $30,353 31,945 33,340 35,323 36,219 36,764 37,765 39,354 40,677 42,535 $584 614 641 679 697 707 726 757 782 818 $30,058 31,676 33,094 35,077 35,943 36,428 37,401 38,955 40,270 42,124 $578 609 636 675 691 701 719 749 774 810 $30,064 31,762 33,244 35,337 36,157 36,539 37,508 39,134 40,505 42,414 $578 611 639 680 695 703 721 753 779 816 $32,521 33,605 34,681 36,296 37,814 39,212 40,057 41,118 42,249 43,875 $625 646 667 698 727 754 770 791 812 844 $29,134 30,251 31,234 32,387 33,521 34,605 35,669 36,805 37,718 39,179 $560 582 601 623 645 665 686 708 725 753 $42,732 43,688 44,287 46,228 48,940 52,050 54,239 57,782 59,864 62,274 $822 840 852 889 941 1,001 1,043 1,111 1,151 1,198 UI covered 1997 .................................................. 1998 .................................................. 1999 .................................................. 2000 .................................................. 2001 .................................................. 2002 .................................................. 2003 .................................................. 2004 .................................................. 2005 .................................................. 2006 .................................................. 7,317,363 7,586,767 7,771,198 7,828,861 7,933,536 8,051,117 8,177,087 8,312,729 8,518,249 8,731,111 118,233,942 121,400,660 124,255,714 127,005,574 126,883,182 125,475,293 125,031,551 126,538,579 128,837,948 131,104,860 $3,553,933,885 3,845,494,089 4,112,169,533 4,454,966,824 4,560,511,280 4,570,787,218 4,676,319,378 4,929,262,369 5,188,301,929 5,522,624,197 Private industry covered 1997 .................................................. 1998 .................................................. 1999 .................................................. 2000 .................................................. 2001 .................................................. 2002 .................................................. 2003 .................................................. 2004 .................................................. 2005 .................................................. 2006 .................................................. 7,121,182 7,381,518 7,560,567 7,622,274 7,724,965 7,839,903 7,963,340 8,093,142 8,294,662 8,505,496 102,175,161 105,082,368 107,619,457 110,015,333 109,304,802 107,577,281 107,065,553 108,490,066 110,611,016 112,718,858 $3,071,807,287 3,337,621,699 3,577,738,557 3,887,626,769 3,952,152,155 3,930,767,025 4,015,823,311 4,245,640,890 4,480,311,193 4,780,833,389 State government covered 1997 .................................................. 1998 .................................................. 1999 .................................................. 2000 .................................................. 2001 .................................................. 2002 .................................................. 2003 .................................................. 2004 .................................................. 2005 .................................................. 2006 .................................................. 65,352 67,347 70,538 65,096 64,583 64,447 64,467 64,544 66,278 66,921 4,214,451 4,240,779 4,296,673 4,370,160 4,452,237 4,485,071 4,481,845 4,484,997 4,527,514 4,565,908 $137,057,432 142,512,445 149,011,194 158,618,365 168,358,331 175,866,492 179,528,728 184,414,992 191,281,126 200,329,294 Local government covered 1997 .................................................. 1998 .................................................. 1999 .................................................. 2000 .................................................. 2001 .................................................. 2002 .................................................. 2003 .................................................. 2004 .................................................. 2005 .................................................. 2006 .................................................. 130,829 137,902 140,093 141,491 143,989 146,767 149,281 155,043 157,309 158,695 11,844,330 12,077,513 12,339,584 12,620,081 13,126,143 13,412,941 13,484,153 13,563,517 13,699,418 13,820,093 $345,069,166 365,359,945 385,419,781 408,721,690 440,000,795 464,153,701 480,967,339 499,206,488 516,709,610 541,461,514 Federal government covered (UCFE) 1997 .................................................. 1998 .................................................. 1999 .................................................. 2000 .................................................. 2001 .................................................. 2002 .................................................. 2003 .................................................. 2004 .................................................. 2005 .................................................. 2006 .................................................. 52,110 47,252 49,661 50,256 50,993 50,755 51,753 52,066 52,895 52,916 2,810,489 2,782,888 2,786,567 2,871,489 2,752,619 2,758,627 2,764,275 2,739,596 2,733,675 2,728,974 $120,097,833 121,578,334 123,409,672 132,741,760 134,713,843 143,587,523 149,932,170 158,299,427 163,647,568 169,945,269 NOTE: Data are final. Detail may not add to total due to rounding. Monthly Labor Review • July 2008 83 Current Labor Statistics: Labor Force Data 25. Annual data: Quarterly Census of Employment and Wages, establishment size and employment, private ownership, by supersector, first quarter 2006 Size of establishments Industry, establishments, and employment 84 Total Fewer than 5 workers1 5 to 9 workers 10 to 19 workers 20 to 49 workers 50 to 99 workers 100 to 249 workers 250 to 499 workers 500 to 999 workers 1,000 or more workers Total all industries2 Establishments, first quarter .................. Employment, March ............................... 8,413,125 111,001,540 5,078,506 7,540,432 Natural resources and mining Establishments, first quarter .................. Employment, March ............................... 123,076 1,631,257 69,188 111,354 23,230 153,676 15,106 203,446 9,842 296,339 3,177 216,952 1,783 267,612 516 177,858 175 115,367 59 88,653 Construction Establishments, first quarter .................. Employment, March ............................... 861,030 7,299,087 558,318 823,891 141,743 929,155 84,922 1,140,245 52,373 1,565,409 15,118 1,027,718 6,762 994,696 1,358 454,918 337 220,788 99 142,267 Manufacturing Establishments, first quarter .................. Employment, March ............................... 362,959 14,098,486 137,311 240,304 61,852 415,575 55,135 757,991 53,364 1,662,309 25,712 1,798,423 19,573 3,006,794 6,423 2,207,979 2,469 1,668,696 1,120 2,340,415 Trade, transportation, and utilities Establishments, first quarter .................. Employment, March ............................... 1,880,255 25,612,515 999,688 1,663,203 380,100 2,529,630 245,926 3,293,292 158,053 4,772,401 53,502 3,695,250 33,590 5,001,143 7,071 2,419,416 1,796 1,166,322 529 1,071,858 Information Establishments, first quarter .................. Employment, March ............................... 142,974 3,037,124 81,209 113,399 21,094 140,632 16,356 223,171 13,313 411,358 5,553 384,148 3,568 544,418 1,141 392,681 512 355,421 228 471,896 Financial activities Establishments, first quarter .................. Employment, March ............................... 836,365 8,102,371 541,333 874,114 151,952 1,002,449 80,853 1,068,474 40,558 1,206,411 12,146 832,505 6,245 936,343 1,890 655,392 928 641,926 460 884,757 Professional and business services Establishments, first quarter .................. Employment, March ............................... 1,403,142 17,162,560 948,773 1,333,479 192,581 1,265,155 121,585 1,639,285 80,222 2,431,806 30,997 2,148,736 20,046 3,038,221 5,849 1,995,309 2,169 1,469,170 920 1,841,399 Education and health services Establishments, first quarter .................. Employment, March ............................... 787,747 16,838,748 375,326 684,886 175,191 1,163,519 112,455 1,512,272 72,335 2,177,055 26,364 1,835,664 18,400 2,754,731 4,106 1,400,469 1,832 1,282,903 1,738 4,027,249 Leisure and hospitality Establishments, first quarter .................. Employment, March ............................... 699,767 12,633,387 270,143 430,588 118,147 796,935 128,663 1,802,270 131,168 3,945,588 38,635 2,583,745 10,459 1,475,115 1,602 540,014 648 437,645 302 621,487 Other services Establishments, first quarter .................. Employment, March ............................... 1,121,269 4,326,368 912,768 1,087,667 118,306 771,276 56,724 747,842 24,734 718,557 5,570 377,961 2,629 388,231 418 139,473 99 63,337 21 32,024 1 Includes establishments that reported no workers in March 2006. 2 Includes data for unclassified establishments, not shown separately. Monthly Labor Review • July 2008 1,392,481 919,182 636,264 216,815 123,061 30,375 9,219,319 12,406,793 19,195,647 14,903,811 18,408,166 10,383,792 10,965 5,476 7,421,575 11,522,005 NOTE: Data are final. Detail may not add to total due to rounding. 26. Average annual wages for 2005 and 2006 for all covered workers1 by metropolitan area Average annual wages3 Metropolitan area2 2005 2006 Percent change, 2005-06 Metropolitan areas4 .............................................................. $42,253 $44,165 4.5 Abilene, TX ............................................................................ Aguadilla-Isabela-San Sebastian, PR ................................... Akron, OH .............................................................................. Albany, GA ............................................................................ Albany-Schenectady-Troy, NY .............................................. Albuquerque, NM ................................................................... Alexandria, LA ....................................................................... Allentown-Bethlehem-Easton, PA-NJ .................................... Altoona, PA ............................................................................ Amarillo, TX ........................................................................... 27,876 18,717 37,471 31,741 39,201 35,665 30,114 38,506 29,642 31,954 29,842 19,277 38,088 32,335 41,027 36,934 31,329 39,787 30,394 33,574 7.1 3.0 1.6 1.9 4.7 3.6 4.0 3.3 2.5 5.1 Ames, IA ................................................................................ Anchorage, AK ...................................................................... Anderson, IN .......................................................................... Anderson, SC ........................................................................ Ann Arbor, MI ........................................................................ Anniston-Oxford, AL .............................................................. Appleton, WI .......................................................................... Asheville, NC ......................................................................... Athens-Clarke County, GA .................................................... Atlanta-Sandy Springs-Marietta, GA ..................................... 33,889 41,712 31,418 29,463 45,820 31,231 34,431 30,926 32,512 44,595 35,331 42,955 32,184 30,373 47,186 32,724 35,308 32,268 33,485 45,889 4.3 3.0 2.4 3.1 3.0 4.8 2.5 4.3 3.0 2.9 Atlantic City, NJ ..................................................................... Auburn-Opelika, AL ............................................................... Augusta-Richmond County, GA-SC ...................................... Austin-Round Rock, TX ......................................................... Bakersfield, CA ...................................................................... Baltimore-Towson, MD .......................................................... Bangor, ME ............................................................................ Barnstable Town, MA ............................................................ Baton Rouge, LA ................................................................... Battle Creek, MI ..................................................................... 36,735 29,196 34,588 43,500 34,165 43,486 30,707 35,123 34,523 37,994 38,018 30,468 35,638 45,737 36,020 45,177 31,746 36,437 37,245 39,362 3.5 4.4 3.0 5.1 5.4 3.9 3.4 3.7 7.9 3.6 Bay City, MI ........................................................................... Beaumont-Port Arthur, TX ..................................................... Bellingham, WA ..................................................................... Bend, OR ............................................................................... Billings, MT ............................................................................ Binghamton, NY .................................................................... Birmingham-Hoover, AL ........................................................ Bismarck, ND ......................................................................... Blacksburg-Christiansburg-Radford, VA ................................ Bloomington, IN ..................................................................... 33,572 36,530 31,128 31,492 31,748 33,290 39,353 31,504 32,196 30,080 35,094 39,026 32,618 33,319 33,270 35,048 40,798 32,550 34,024 30,913 4.5 6.8 4.8 5.8 4.8 5.3 3.7 3.3 5.7 2.8 Bloomington-Normal, IL ......................................................... Boise City-Nampa, ID ............................................................ Boston-Cambridge-Quincy, MA-NH ...................................... Boulder, CO ........................................................................... Bowling Green, KY ................................................................ Bremerton-Silverdale, WA ..................................................... Bridgeport-Stamford-Norwalk, CT ......................................... Brownsville-Harlingen, TX ..................................................... Brunswick, GA ....................................................................... Buffalo-Niagara Falls, NY ...................................................... 39,404 34,623 54,199 49,115 31,306 36,467 71,095 24,893 30,902 35,302 41,359 36,734 56,809 50,944 32,529 37,694 74,890 25,795 32,717 36,950 5.0 6.1 4.8 3.7 3.9 3.4 5.3 3.6 5.9 4.7 Burlington, NC ....................................................................... Burlington-South Burlington, VT ............................................ Canton-Massillon, OH ........................................................... Cape Coral-Fort Myers, FL .................................................... Carson City, NV ..................................................................... Casper, WY ........................................................................... Cedar Rapids, IA ................................................................... Champaign-Urbana, IL .......................................................... Charleston, WV ..................................................................... Charleston-North Charleston, SC .......................................... 31,084 38,582 32,080 35,649 38,428 34,810 37,902 33,278 35,363 33,896 32,835 40,548 33,132 37,065 40,115 38,307 38,976 34,422 36,887 35,267 5.6 5.1 3.3 4.0 4.4 10.0 2.8 3.4 4.3 4.0 Charlotte-Gastonia-Concord, NC-SC .................................... Charlottesville, VA ................................................................. Chattanooga, TN-GA ............................................................. Cheyenne, WY ...................................................................... Chicago-Naperville-Joliet, IL-IN-WI ....................................... Chico, CA .............................................................................. Cincinnati-Middletown, OH-KY-IN ......................................... Clarksville, TN-KY ................................................................. Cleveland, TN ........................................................................ Cleveland-Elyria-Mentor, OH ................................................. 43,728 37,392 33,743 32,208 46,609 30,007 40,343 29,870 32,030 39,973 45,732 39,051 35,358 35,306 48,631 31,557 41,447 30,949 33,075 41,325 4.6 4.4 4.8 9.6 4.3 5.2 2.7 3.6 3.3 3.4 Coeur d’Alene, ID .................................................................. College Station-Bryan, TX ..................................................... Colorado Springs, CO ........................................................... Columbia, MO ........................................................................ Columbia, SC ........................................................................ Columbus, GA-AL .................................................................. Columbus, IN ......................................................................... Columbus, OH ....................................................................... Corpus Christi, TX ................................................................. Corvallis, OR ......................................................................... 28,208 29,032 37,268 31,263 33,386 31,370 38,446 39,806 32,975 39,357 29,797 30,239 38,325 32,207 35,209 32,334 40,107 41,168 35,399 40,586 5.6 4.2 2.8 3.0 5.5 3.1 4.3 3.4 7.4 3.1 See footnotes at end of table. Monthly Labor Review • July 2008 85 Current Labor Statistics: Labor Force Data 26. Average annual wages for 2005 and 2006 for all covered workers1 by metropolitan area — Continued Average annual wages3 Metropolitan area2 2006 Cumberland, MD-WV ............................................................ Dallas-Fort Worth-Arlington, TX ............................................ Dalton, GA ............................................................................. Danville, IL ............................................................................. Danville, VA ........................................................................... Davenport-Moline-Rock Island, IA-IL ..................................... Dayton, OH ............................................................................ Decatur, AL ............................................................................ Decatur, IL ............................................................................. Deltona-Daytona Beach-Ormond Beach, FL ......................... $28,645 45,337 32,848 31,861 28,449 35,546 37,922 33,513 38,444 29,927 $29,859 47,525 33,266 33,141 28,870 37,559 39,387 34,883 39,375 31,197 4.2 4.8 1.3 4.0 1.5 5.7 3.9 4.1 2.4 4.2 Denver-Aurora, CO ................................................................ Des Moines, IA ...................................................................... Detroit-Warren-Livonia, MI .................................................... Dothan, AL ............................................................................. Dover, DE .............................................................................. Dubuque, IA ........................................................................... Duluth, MN-WI ....................................................................... Durham, NC ........................................................................... Eau Claire, WI ....................................................................... El Centro, CA ......................................................................... 45,940 39,760 46,790 30,253 33,132 32,414 32,638 46,743 30,763 29,879 48,232 41,358 47,455 31,473 34,571 33,044 33,677 49,314 31,718 30,035 5.0 4.0 1.4 4.0 4.3 1.9 3.2 5.5 3.1 0.5 Elizabethtown, KY ................................................................. Elkhart-Goshen, IN ................................................................ Elmira, NY ............................................................................. El Paso, TX ............................................................................ Erie, PA ................................................................................. Eugene-Springfield, OR ......................................................... Evansville, IN-KY ................................................................... Fairbanks, AK ........................................................................ Fajardo, PR ........................................................................... Fargo, ND-MN ....................................................................... 30,912 35,573 32,989 28,666 32,010 32,295 35,302 39,399 20,011 32,291 32,072 35,878 33,968 29,903 33,213 33,257 36,858 41,296 21,002 33,542 3.8 0.9 3.0 4.3 3.8 3.0 4.4 4.8 5.0 3.9 Farmington, NM ..................................................................... Fayetteville, NC ..................................................................... Fayetteville-Springdale-Rogers, AR-MO ............................... Flagstaff, AZ .......................................................................... Flint, MI .................................................................................. Florence, SC .......................................................................... Florence-Muscle Shoals, AL .................................................. Fond du Lac, WI .................................................................... Fort Collins-Loveland, CO ..................................................... Fort Smith, AR-OK ................................................................. 33,695 30,325 34,598 30,733 37,982 32,326 28,885 32,634 36,612 29,599 36,220 31,281 35,734 32,231 39,409 33,610 29,518 33,376 37,940 30,932 7.5 3.2 3.3 4.9 3.8 4.0 2.2 2.3 3.6 4.5 Fort Walton Beach-Crestview-Destin, FL .............................. Fort Wayne, IN ...................................................................... Fresno, CA ............................................................................ Gadsden, AL .......................................................................... Gainesville, FL ....................................................................... Gainesville, GA ...................................................................... Glens Falls, NY ...................................................................... Goldsboro, NC ....................................................................... Grand Forks, ND-MN ............................................................. Grand Junction, CO ............................................................... 32,976 34,717 32,266 28,438 32,992 33,828 31,710 28,316 28,138 31,611 34,409 35,641 33,504 29,499 34,573 34,765 32,780 29,331 29,234 33,729 4.3 2.7 3.8 3.7 4.8 2.8 3.4 3.6 3.9 6.7 Grand Rapids-Wyoming, MI .................................................. Great Falls, MT ...................................................................... Greeley, CO ........................................................................... Green Bay, WI ....................................................................... Greensboro-High Point, NC ................................................... Greenville, NC ....................................................................... Greenville, SC ....................................................................... Guayama, PR ........................................................................ Gulfport-Biloxi, MS ................................................................. Hagerstown-Martinsburg, MD-WV ......................................... 36,941 28,021 33,636 35,467 34,876 31,433 34,469 23,263 31,688 33,202 38,056 29,542 35,144 36,677 35,898 32,432 35,471 24,551 34,688 34,621 3.0 5.4 4.5 3.4 2.9 3.2 2.9 5.5 9.5 4.3 Hanford-Corcoran, CA ........................................................... Harrisburg-Carlisle, PA .......................................................... Harrisonburg, VA ................................................................... Hartford-West Hartford-East Hartford, CT ............................. Hattiesburg, MS ..................................................................... Hickory-Lenoir-Morganton, NC .............................................. Hinesville-Fort Stewart, GA ................................................... Holland-Grand Haven, MI ...................................................... Honolulu, HI ........................................................................... Hot Springs, AR ..................................................................... 29,989 39,144 30,366 50,154 28,568 30,090 30,062 36,362 37,654 27,024 31,148 39,807 31,522 51,282 30,059 31,323 31,416 36,895 39,009 27,684 3.9 1.7 3.8 2.2 5.2 4.1 4.5 1.5 3.6 2.4 Houma-Bayou Cane-Thibodaux, LA ...................................... Houston-Baytown-Sugar Land, TX ........................................ Huntington-Ashland, WV-KY-OH ........................................... Huntsville, AL ......................................................................... Idaho Falls, ID ....................................................................... Indianapolis, IN ...................................................................... Iowa City, IA .......................................................................... Ithaca, NY .............................................................................. Jackson, MI ........................................................................... Jackson, MS .......................................................................... 33,696 47,157 31,415 42,401 29,795 39,830 34,785 36,457 35,879 33,099 38,417 50,177 32,648 44,659 31,632 41,307 35,913 38,337 36,836 34,605 14.0 6.4 3.9 5.3 6.2 3.7 3.2 5.2 2.7 4.5 See footnotes at end of table. 86 Percent change, 2005-06 2005 Monthly Labor Review • July 2008 26. Average annual wages for 2005 and 2006 for all covered workers1 by metropolitan area — Continued Average annual wages3 Metropolitan area2 Percent change, 2005-06 2005 2006 Jackson, TN ........................................................................... Jacksonville, FL ..................................................................... Jacksonville, NC .................................................................... Janesville, WI ........................................................................ Jefferson City, MO ................................................................. Johnson City, TN ................................................................... Johnstown, PA ....................................................................... Jonesboro, AR ....................................................................... Joplin, MO ............................................................................. Kalamazoo-Portage, MI ......................................................... $33,286 38,224 24,803 34,107 30,991 29,840 29,335 28,550 29,152 36,042 $34,477 40,192 25,854 36,732 31,771 31,058 29,972 28,972 30,111 37,099 3.6 5.1 4.2 7.7 2.5 4.1 2.2 1.5 3.3 2.9 Kankakee-Bradley, IL ............................................................ Kansas City, MO-KS .............................................................. Kennewick-Richland-Pasco, WA ........................................... Killeen-Temple-Fort Hood, TX ............................................... Kingsport-Bristol-Bristol, TN-VA ............................................ Kingston, NY .......................................................................... Knoxville, TN ......................................................................... Kokomo, IN ............................................................................ La Crosse, WI-MN ................................................................. Lafayette, IN .......................................................................... 31,802 39,749 38,453 30,028 33,568 30,752 35,724 44,462 31,029 35,176 32,389 41,320 38,750 31,511 35,100 33,697 37,216 45,808 31,819 35,380 1.8 4.0 0.8 4.9 4.6 9.6 4.2 3.0 2.5 0.6 Lafayette, LA ......................................................................... Lake Charles, LA ................................................................... Lakeland, FL .......................................................................... Lancaster, PA ........................................................................ Lansing-East Lansing, MI ...................................................... Laredo, TX ............................................................................. Las Cruces, NM ..................................................................... Las Vegas-Paradise, NV ....................................................... Lawrence, KS ........................................................................ Lawton, OK ............................................................................ 34,729 33,728 32,235 35,264 38,135 27,401 28,569 38,940 28,492 28,459 38,170 35,883 33,530 36,171 39,890 28,051 29,969 40,139 29,896 29,830 9.9 6.4 4.0 2.6 4.6 2.4 4.9 3.1 4.9 4.8 Lebanon, PA .......................................................................... Lewiston, ID-WA .................................................................... Lewiston-Auburn, ME ............................................................ Lexington-Fayette, KY ........................................................... Lima, OH ............................................................................... Lincoln, NE ............................................................................ Little Rock-North Little Rock, AR ........................................... Logan, UT-ID ......................................................................... Longview, TX ......................................................................... Longview, WA ........................................................................ 30,704 29,414 31,008 36,683 32,630 32,711 34,920 25,869 32,603 33,993 31,790 30,776 32,231 37,926 33,790 33,703 36,169 26,766 35,055 35,140 3.5 4.6 3.9 3.4 3.6 3.0 3.6 3.5 7.5 3.4 Los Angeles-Long Beach-Santa Ana, CA ............................. Louisville, KY-IN .................................................................... Lubbock, TX .......................................................................... Lynchburg, VA ....................................................................... Macon, GA ............................................................................. Madera, CA ........................................................................... Madison, WI ........................................................................... Manchester-Nashua, NH ....................................................... Mansfield, OH ........................................................................ Mayaguez, PR ....................................................................... 46,592 37,144 30,174 32,025 33,110 29,356 38,210 45,066 32,688 19,597 48,680 38,673 31,977 33,242 34,126 31,213 40,007 46,659 33,171 20,619 4.5 4.1 6.0 3.8 3.1 6.3 4.7 3.5 1.5 5.2 McAllen-Edinburg-Pharr, TX .................................................. Medford, OR .......................................................................... Memphis, TN-MS-AR ............................................................ Merced, CA ............................................................................ Miami-Fort Lauderdale-Miami Beach, FL .............................. Michigan City-La Porte, IN ..................................................... Midland, TX ........................................................................... Milwaukee-Waukesha-West Allis, WI .................................... Minneapolis-St. Paul-Bloomington, MN-WI ........................... Missoula, MT ......................................................................... 25,315 30,502 39,094 30,209 40,174 30,724 38,267 40,181 45,507 29,627 26,712 31,697 40,580 31,147 42,175 31,383 42,625 42,049 46,931 30,652 5.5 3.9 3.8 3.1 5.0 2.1 11.4 4.6 3.1 3.5 Mobile, AL .............................................................................. Modesto, CA .......................................................................... Monroe, LA ............................................................................ Monroe, MI ............................................................................ Montgomery, AL .................................................................... Morgantown, WV ................................................................... Morristown, TN ...................................................................... Mount Vernon-Anacortes, WA ............................................... Muncie, IN ............................................................................. Muskegon-Norton Shores, MI ................................................ 33,496 34,325 29,264 39,449 33,441 31,529 31,215 31,387 32,172 33,035 36,126 35,468 30,618 40,938 35,383 32,608 31,914 32,851 30,691 33,949 7.9 3.3 4.6 3.8 5.8 3.4 2.2 4.7 -4.6 2.8 Myrtle Beach-Conway-North Myrtle Beach, SC .................... Napa, CA ............................................................................... Naples-Marco Island, FL ....................................................... Nashville-Davidson--Murfreesboro, TN ................................. New Haven-Milford, CT ......................................................... New Orleans-Metairie-Kenner, LA ......................................... New York-Northern New Jersey-Long Island, NY-NJ-PA ...... Niles-Benton Harbor, MI ........................................................ Norwich-New London, CT ..................................................... Ocala, FL ............................................................................... 26,642 40,180 38,211 38,753 43,931 37,239 57,660 35,029 42,151 30,008 27,905 41,788 39,320 41,003 44,892 42,434 61,388 36,967 43,184 31,330 4.7 4.0 2.9 5.8 2.2 14.0 6.5 5.5 2.5 4.4 See footnotes at end of table. Monthly Labor Review • July 2008 87 Current Labor Statistics: Labor Force Data 26. Average annual wages for 2005 and 2006 for all covered workers1 by metropolitan area — Continued Average annual wages3 Metropolitan area2 2006 Ocean City, NJ ...................................................................... Odessa, TX ............................................................................ Ogden-Clearfield, UT ............................................................. Oklahoma City, OK ................................................................ Olympia, WA .......................................................................... Omaha-Council Bluffs, NE-IA ................................................ Orlando, FL ............................................................................ Oshkosh-Neenah, WI ............................................................ Owensboro, KY ..................................................................... Oxnard-Thousand Oaks-Ventura, CA ................................... $31,033 33,475 31,195 33,142 36,230 36,329 36,466 38,820 31,379 44,597 $31,801 37,144 32,890 35,846 37,787 38,139 37,776 39,538 32,491 45,467 2.5 11.0 5.4 8.2 4.3 5.0 3.6 1.8 3.5 2.0 Palm Bay-Melbourne-Titusville, FL ........................................ Panama City-Lynn Haven, FL ............................................... Parkersburg-Marietta, WV-OH .............................................. Pascagoula, MS .................................................................... Pensacola-Ferry Pass-Brent, FL ........................................... Peoria, IL ............................................................................... Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ................ Phoenix-Mesa-Scottsdale, AZ ............................................... Pine Bluff, AR ........................................................................ Pittsburgh, PA ........................................................................ 38,287 31,894 30,747 34,735 32,064 39,871 46,454 40,245 30,794 38,809 39,778 33,341 32,213 36,287 33,530 42,283 48,647 42,220 32,115 40,759 3.9 4.5 4.8 4.5 4.6 6.0 4.7 4.9 4.3 5.0 Pittsfield, MA .......................................................................... Pocatello, ID .......................................................................... Ponce, PR ............................................................................. Portland-South Portland-Biddeford, ME ................................ Portland-Vancouver-Beaverton, OR-WA ............................... Port St. Lucie-Fort Pierce, FL ................................................ Poughkeepsie-Newburgh-Middletown, NY ............................ Prescott, AZ ........................................................................... Providence-New Bedford-Fall River, RI-MA .......................... Provo-Orem, UT .................................................................... 35,807 27,686 19,660 35,857 41,048 33,235 38,187 29,295 37,796 30,395 36,707 28,418 20,266 36,979 42,607 34,408 39,528 30,625 39,428 32,308 2.5 2.6 3.1 3.1 3.8 3.5 3.5 4.5 4.3 6.3 Pueblo, CO ............................................................................ Punta Gorda, FL .................................................................... Racine, WI ............................................................................. Raleigh-Cary, NC .................................................................. Rapid City, SD ....................................................................... Reading, PA .......................................................................... Redding, CA .......................................................................... Reno-Sparks, NV ................................................................... Richmond, VA ........................................................................ Riverside-San Bernardino-Ontario, CA ................................. 30,165 31,937 37,659 39,465 28,758 36,210 32,139 38,453 41,274 35,201 30,941 32,370 39,002 41,205 29,920 38,048 33,307 39,537 42,495 36,668 2.6 1.4 3.6 4.4 4.0 5.1 3.6 2.8 3.0 4.2 Roanoke, VA ......................................................................... Rochester, MN ....................................................................... Rochester, NY ....................................................................... Rockford, IL ........................................................................... Rocky Mount, NC .................................................................. Rome, GA .............................................................................. Sacramento--Arden-Arcade--Roseville, CA ........................... Saginaw-Saginaw Township North, MI .................................. St. Cloud, MN ........................................................................ St. George, UT ...................................................................... 32,987 41,296 37,991 35,652 30,983 33,896 42,800 36,325 31,705 26,046 33,912 42,941 39,481 37,424 31,556 34,850 44,552 37,747 33,018 28,034 2.8 4.0 3.9 5.0 1.8 2.8 4.1 3.9 4.1 7.6 St. Joseph, MO-KS ................................................................ St. Louis, MO-IL ..................................................................... Salem, OR ............................................................................. Salinas, CA ............................................................................ Salisbury, MD ........................................................................ Salt Lake City, UT .................................................................. San Angelo, TX ..................................................................... San Antonio, TX .................................................................... San Diego-Carlsbad-San Marcos, CA ................................... Sandusky, OH ....................................................................... 30,009 39,985 31,289 36,067 32,240 36,857 29,530 35,097 43,824 32,631 31,253 41,354 32,764 37,974 33,223 38,630 30,168 36,763 45,784 33,526 4.1 3.4 4.7 5.3 3.0 4.8 2.2 4.7 4.5 2.7 San Francisco-Oakland-Fremont, CA ................................... San German-Cabo Rojo, PR ................................................. San Jose-Sunnyvale-Santa Clara, CA .................................. San Juan-Caguas-Guaynabo, PR ......................................... San Luis Obispo-Paso Robles, CA ........................................ Santa Barbara-Santa Maria-Goleta, CA ................................ Santa Cruz-Watsonville, CA .................................................. Santa Fe, NM ........................................................................ Santa Rosa-Petaluma, CA .................................................... Sarasota-Bradenton-Venice, FL ............................................ 58,634 18,745 71,970 23,952 33,759 39,080 38,016 33,253 40,017 33,905 61,343 19,498 76,608 24,812 35,146 40,326 40,776 35,320 41,533 35,751 4.6 4.0 6.4 3.6 4.1 3.2 7.3 6.2 3.8 5.4 Savannah, GA ....................................................................... Scranton--Wilkes-Barre, PA .................................................. Seattle-Tacoma-Bellevue, WA .............................................. Sheboygan, WI ...................................................................... Sherman-Denison, TX ........................................................... Shreveport-Bossier City, LA .................................................. Sioux City, IA-NE-SD ............................................................. Sioux Falls, SD ...................................................................... South Bend-Mishawaka, IN-MI .............................................. Spartanburg, SC .................................................................... 34,104 32,057 46,644 35,067 32,800 31,962 31,122 33,257 34,086 35,526 35,684 32,813 49,455 35,908 34,166 33,678 31,826 34,542 35,089 37,077 4.6 2.4 6.0 2.4 4.2 5.4 2.3 3.9 2.9 4.4 See footnotes at end of table. 88 Percent change, 2005-06 2005 Monthly Labor Review • July 2008 26. Average annual wages for 2005 and 2006 for all covered workers1 by metropolitan area — Continued Average annual wages3 Metropolitan area2 Percent change, 2005-06 2005 2006 Spokane, WA ......................................................................... Springfield, IL ......................................................................... Springfield, MA ...................................................................... Springfield, MO ...................................................................... Springfield, OH ...................................................................... State College, PA .................................................................. Stockton, CA .......................................................................... Sumter, SC ............................................................................ Syracuse, NY ......................................................................... Tallahassee, FL ..................................................................... $32,621 39,299 36,791 30,124 30,814 34,109 35,030 27,469 36,494 33,548 $34,016 40,679 37,962 30,786 31,844 35,392 36,426 29,294 38,081 35,018 4.3 3.5 3.2 2.2 3.3 3.8 4.0 6.6 4.3 4.4 Tampa-St. Petersburg-Clearwater, FL .................................. Terre Haute, IN ...................................................................... Texarkana, TX-Texarkana, AR .............................................. Toledo, OH ............................................................................ Topeka, KS ............................................................................ Trenton-Ewing, NJ ................................................................. Tucson, AZ ............................................................................ Tulsa, OK ............................................................................... Tuscaloosa, AL ...................................................................... Tyler, TX ................................................................................ 36,374 30,597 31,302 35,848 33,303 52,034 35,650 35,211 34,124 34,731 38,016 31,341 32,545 37,039 34,806 54,274 37,119 37,637 35,613 36,173 4.5 2.4 4.0 3.3 4.5 4.3 4.1 6.9 4.4 4.2 Utica-Rome, NY ..................................................................... Valdosta, GA ......................................................................... Vallejo-Fairfield, CA ............................................................... Vero Beach, FL ...................................................................... Victoria, TX ............................................................................ Vineland-Millville-Bridgeton, NJ ............................................. Virginia Beach-Norfolk-Newport News, VA-NC ..................... Visalia-Porterville, CA ............................................................ Waco, TX ............................................................................... Warner Robins, GA ............................................................... 30,902 25,712 38,431 32,591 34,327 36,387 34,580 28,582 32,325 36,762 32,457 26,794 40,225 33,823 36,642 37,749 36,071 29,772 33,450 38,087 5.0 4.2 4.7 3.8 6.7 3.7 4.3 4.2 3.5 3.6 Washington-Arlington-Alexandria, DC-VA-MD-WV ............... Waterloo-Cedar Falls, IA ....................................................... Wausau, WI ........................................................................... Weirton-Steubenville, WV-OH ............................................... Wenatchee, WA ..................................................................... Wheeling, WV-OH ................................................................. Wichita, KS ............................................................................ Wichita Falls, TX .................................................................... Williamsport, PA .................................................................... Wilmington, NC ...................................................................... 55,525 33,123 33,259 30,596 27,163 29,808 35,976 29,343 30,699 31,792 58,057 34,329 34,438 31,416 28,340 30,620 38,763 30,785 31,431 32,948 4.6 3.6 3.5 2.7 4.3 2.7 7.7 4.9 2.4 3.6 Winchester, VA-WV ............................................................... Winston-Salem, NC ............................................................... Worcester, MA ....................................................................... Yakima, WA ........................................................................... Yauco, PR ............................................................................. York-Hanover, PA .................................................................. Youngstown-Warren-Boardman, OH-PA ............................... Yuba City, CA ........................................................................ Yuma, AZ ............................................................................... 33,787 36,654 41,094 27,334 17,818 36,834 32,176 32,133 27,168 34,895 37,712 42,726 28,401 19,001 37,226 33,852 33,642 28,369 3.3 2.9 4.0 3.9 6.6 1.1 5.2 4.7 4.4 1 Includes workers covered by Unemployment Insurance (UI) and Unemployment Compensation for Federal Employees (UCFE) programs. 2 Includes data for Metropolitan Statistical Areas (MSA) as defined by OMB Bulletin No. 04-03 as of February 18, 2004. 3 Each year’s total is based on the MSA definition for the specific year. Annual changes include differences resulting from changes in MSA definitions. 4 Totals do not include the six MSAs within Puerto Rico. Monthly Labor Review • July 2008 89 Current Labor Statistics: Labor Force Data 27. Annual data: Employment status of the population [Numbers in thousands] Employment status Civilian noninstitutional population........... Civilian labor force............................…… Labor force participation rate............... Employed............................………… Employment-population ratio.......... Unemployed............................……… Unemployment rate........................ Not in the labor force............................… 1 1997 203,133 136,297 67.1 129,558 63.8 6,739 4.9 66,837 19981 205,220 137,673 67.1 131,463 64.1 6,210 4.5 67,547 19991 20001 20011 2002 2003 2004 2005 2006 2007 207,753 139,368 67.1 133,488 64.3 5,880 4.2 68,385 212,577 142,583 67.1 136,891 64.4 5,692 4 69,994 215,092 143,734 66.8 136,933 63.7 6,801 4.7 71,359 217,570 144,863 66.6 136,485 62.7 8,378 5.8 72,707 221,168 146,510 66.2 137,736 62.3 8,774 6 74,658 223,357 147,401 66 139,252 62.3 8,149 5.5 75,956 226,082 149,320 66 141,730 62.7 7,591 5.1 76,762 228,815 151,428 66.2 144,427 63.1 7,001 4.6 77,387 231,867 153,124 66 146,047 63 7,078 4.6 78,743 Not strictly comparable with prior years. 28. Annual data: Employment levels by industry [In thousands] Industry 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Total private employment............................… 103,113 106,021 108,686 110,996 110,707 108,828 108,416 109,814 111,899 114,184 115,717 Total nonfarm employment…………………… Goods-producing............................……… Natural resources and mining................. Construction............................…………… Manufacturing............................………… 122,776 23,886 654 5,813 17,419 125,930 24,354 645 6,149 17,560 128,993 24,465 598 6,545 17,322 131,785 24,649 599 6,787 17,263 131,826 23,873 606 6,826 16,441 130,341 22,557 583 6,716 15,259 129,999 21,816 572 6,735 14,510 131,435 21,882 591 6,976 14,315 133,703 22,190 628 7,336 14,226 136,174 22,570 684 7,689 14,197 137,969 22,378 722 7,624 14,032 Private service-providing.......................... 79,227 Trade, transportation, and utilities.......... 24,700 Wholesale trade............................……… 5,663.90 Retail trade............................………… 14,388.90 Transportation and warehousing......... 4,026.50 Utilities............................……………… 620.9 Information............................…………… 3,084 Financial activities............................…… 7,178 Professional and business services…… 14,335 Education and health services………… 14,087 11,018 Leisure and hospitality…………………… Other services…………………………… 4,825 81,667 25,186 5,795.20 14,609.30 4,168.00 613.4 3,218 7,462 15,147 14,446 11,232 4,976 84,221 25,771 5,892.50 14,970.10 4,300.30 608.5 3,419 7,648 15,957 14,798 11,543 5,087 86,346 26,225 5,933.20 15,279.80 4,410.30 601.3 3,631 7,687 16,666 15,109 11,862 5,168 86,834 25,983 5,772.70 15,238.60 4,372.00 599.4 3,629 7,807 16,476 15,645 12,036 5,258 86,271 25,497 5,652.30 15,025.10 4,223.60 596.2 3,395 7,847 15,976 16,199 11,986 5,372 86,599 25,287 5,607.50 14,917.30 4,185.40 577 3,188 7,977 15,987 16,588 12,173 5,401 87,932 25,533 5,662.90 15,058.20 4,248.60 563.8 3,118 8,031 16,395 16,953 12,493 5,409 89,709 25,959 5,764.40 15,279.60 4,360.90 554 3,061 8,153 16,954 17,372 12,816 5,395 91,615 26,231 5,897.60 15,319.30 4,465.80 548.5 3,055 8,363 17,552 17,838 13,143 5,432 93,339 26,472 6,005.30 15,382.00 4,531.20 553.5 3,087 8,446 17,920 18,377 13,565 5,472 19,909 20,307 20,790 21,118 21,513 21,583 21,621 21,804 21,990 22,252 Government…………………………………… 90 Monthly Labor Review • July 2008 19,664 29. Annual data: Average hours and earnings of production or nonsupervisory workers on nonfarm payrolls, by industry Industry 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Private sector: Average weekly hours.......……................................. Average hourly earnings (in dollars)......................... Average weekly earnings (in dollars)........................ 34.5 12.51 431.86 34.5 13.01 448.56 34.3 13.49 463.15 34.3 14.02 481.01 34 14.54 493.79 33.9 14.97 506.72 33.7 15.37 518.06 33.7 15.69 529.09 33.8 16.13 544.33 33.9 16.76 567.87 33.8 17.41 589.36 Goods-producing: Average weekly hours............................................. Average hourly earnings (in dollars)....................... Average weekly earnings (in dollars)...................... 41.1 13.82 568.43 40.8 14.23 580.99 40.8 14.71 599.99 40.7 15.27 621.86 39.9 15.78 630.04 39.9 16.33 651.61 39.8 16.8 669.13 40 17.19 688.17 40.1 17.6 705.31 40.5 18.02 729.87 40.5 18.64 755.73 46.2 15.57 720.11 44.9 16.2 727.28 44.2 16.33 721.74 44.4 16.55 734.92 44.6 17 757.92 43.2 17.19 741.97 43.6 17.56 765.94 44.5 18.07 803.82 45.6 18.72 853.71 45.6 19.9 908.01 45.9 20.99 962.54 Average weekly hours............................................ Average hourly earnings (in dollars)...................... Average weekly earnings (in dollars)..................... Manufacturing: 38.9 15.67 609.48 38.8 16.23 629.75 39 16.8 655.11 39.2 17.48 685.78 38.7 18 695.89 38.4 18.52 711.82 38.4 18.95 726.83 38.3 19.23 735.55 38.6 19.46 750.22 39 20.02 781.04 38.9 20.94 814.83 Average weekly hours............................................ Average hourly earnings (in dollars)...................... Average weekly earnings (in dollars)..................... Private service-providing: 41.7 13.14 548.22 41.4 13.45 557.12 41.4 13.85 573.17 41.3 14.32 590.65 40.3 14.76 595.19 40.5 15.29 618.75 40.4 15.74 635.99 40.8 16.15 658.59 40.7 16.56 673.37 41.1 16.8 690.83 41.2 17.23 710.51 Average weekly hours..………................................ Average hourly earnings (in dollars)....................... Average weekly earnings (in dollars)...................... 32.8 12.07 395.51 32.8 12.61 413.5 32.7 13.09 427.98 32.7 13.62 445.74 32.5 14.18 461.08 32.5 14.59 473.8 32.4 14.99 484.81 32.3 15.29 494.22 32.4 15.74 509.58 32.5 16.42 532.84 32.4 17.09 554.47 Trade, transportation, and utilities: Average weekly hours............................................. Average hourly earnings (in dollars)....................... Average weekly earnings (in dollars)...................... Wholesale trade: 34.3 11.9 407.57 34.2 12.39 423.3 33.9 12.82 434.31 33.8 13.31 449.88 33.5 13.7 459.53 33.6 14.02 471.27 33.6 14.34 481.14 33.5 14.58 488.42 33.4 14.92 498.43 33.4 15.4 514.61 33.4 15.82 528.22 Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Retail trade: 38.8 14.41 559.39 38.6 15.07 582.21 38.6 15.62 602.77 38.8 16.28 631.4 38.4 16.77 643.45 38 16.98 644.38 37.9 17.36 657.29 37.8 17.65 667.09 37.7 18.16 685 38 18.91 718.3 38.2 19.56 747.7 Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Transportation and warehousing: Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Utilities: Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Information: Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Financial activities: 38.8 14.41 559.39 38.6 15.07 582.21 38.6 15.62 602.77 38.8 16.28 631.4 38.4 16.77 643.45 38 16.98 644.38 37.9 17.36 657.29 37.8 17.65 667.09 37.7 18.16 685 38 18.91 718.3 30.2 12.8 747.7 39.4 13.78 542.55 38.7 14.12 546.86 37.6 14.55 547.97 37.4 15.05 562.31 36.7 15.33 562.7 36.8 15.76 579.75 36.8 16.25 598.41 37.2 16.52 614.82 37 16.7 618.58 36.9 17.28 637.14 37 17.76 656.95 42 20.59 865.26 42 21.48 902.94 42 22.03 924.59 42 22.75 955.66 41.4 23.58 977.18 40.9 41.1 40.9 41.1 41.4 42.4 23.96 24.77 25.61 26.68 27.42 27.93 979.09 1,017.27 1,048.44 1,095.90 1,136.08 1,185.08 36.3 17.14 622.4 36.6 17.67 646.52 36.7 18.4 675.32 36.8 19.07 700.89 36.9 19.8 731.11 36.5 20.2 738.17 36.2 21.01 760.81 36.3 21.4 777.05 36.5 22.06 805 36.6 23.23 850.81 36.4 23.92 871.03 Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Professional and business services: Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Education and health services: Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Leisure and hospitality: Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. Other services: Average weekly hours......................................... Average hourly earnings (in dollars)................... Average weekly earnings (in dollars).................. 35.7 13.22 472.37 36 13.93 500.95 35.8 14.47 517.57 35.9 14.98 537.37 35.8 15.59 558.02 35.6 16.17 575.51 35.5 17.14 609.08 35.5 17.52 622.87 35.9 17.94 645.1 35.8 18.8 672.4 35.9 19.66 706.01 34.3 13.57 465.51 34.3 14.27 490 34.4 14.85 510.99 34.5 15.52 535.07 34.2 16.33 557.84 34.2 16.81 574.66 34.1 17.21 587.02 34.2 17.48 597.56 34.2 18.08 618.87 34.6 19.12 662.23 34.8 20.15 700.96 32.2 12.56 404.65 32.2 13 418.82 32.1 13.44 431.35 32.2 13.95 449.29 32.3 14.64 473.39 32.4 15.21 492.74 32.3 15.64 505.69 32.4 16.15 523.78 32.6 16.71 544.59 32.5 17.38 564.95 32.6 18.03 587.2 26 7.32 190.52 26.2 7.67 200.82 26.1 7.96 208.05 26.1 8.32 217.2 25.8 8.57 220.73 25.8 8.81 227.17 25.6 9 230.42 25.7 9.15 234.86 25.7 9.38 241.36 25.7 9.75 250.11 25.5 10.41 265.03 32.7 11.29 368.63 32.6 11.79 384.25 32.5 12.26 398.77 32.5 12.73 413.41 32.3 13.27 428.64 32 13.72 439.76 31.4 13.84 434.41 31 13.98 433.04 30.9 14.34 443.37 30.9 14.77 456.6 30.9 15.22 470.05 Natural resources and mining Average weekly hours............................................ Average hourly earnings (in dollars)...................... Average weekly earnings (in dollars)..................... Construction: NOTE: Data reflect the conversion to the 2002 version of the North American Industry Classification System (NAICS), replacing the Standard Industrial Classification (SIC) system. N AICS-based data by industry are not comparable with SIC-based data. Monthly Labor Review • July 2008 91 Current Labor Statistics: Compensation & Industrial Relations 30. Employment Cost Index, compensation,1 by occupation and industry group [December 2005 = 100] 2006 Series Mar. June Sept. 2007 Dec. Mar. June 2008 Sept. Dec. Mar. Percent change 3 months ended 12 months ended Mar. 2008 2 Civilian workers ……….…….........…………………………………….… 100.7 101.6 102.7 103.3 104.2 105.0 106.1 106.7 107.6 0.8 3.3 Management, professional, and related……………………… Management, business, and financial…………………… Professional and related…………………………………… Sales and office………………………………………………… Sales and related…………………………………………… Office and administrative support………………………… 100.9 101.3 100.7 100.5 99.9 100.9 101.6 101.9 101.4 101.6 101.1 101.9 103.0 102.7 103.2 102.4 101.7 102.8 103.7 103.2 104.0 103.0 102.3 103.5 104.7 104.4 104.9 103.8 102.4 104.7 105.5 105.2 105.7 104.8 103.6 105.5 106.7 106.2 107.0 105.5 104.1 106.4 107.2 106.6 107.6 106.4 105.2 107.1 108.3 108.2 108.4 106.8 105.0 108.0 1.0 1.5 .7 .4 -.2 .8 3.4 3.6 3.3 2.9 2.5 3.2 Natural resources, construction, and maintenance………… Construction and extraction……………………………… Installation, maintenance, and repair…………………… Production, transportation, and material moving…………… Production…………………………………………………… Transportation and material moving……………………… Service occupations…………………………………………… 100.8 100.7 100.9 100.4 100.4 100.5 100.8 102.0 102.0 102.0 101.1 101.0 101.3 101.4 103.0 103.0 103.0 101.8 101.6 102.2 102.5 103.6 103.7 103.6 102.4 102.0 102.8 103.5 104.1 104.3 103.7 102.7 102.1 103.4 104.8 105.1 105.7 104.4 103.5 102.8 104.4 105.5 106.1 106.5 105.6 104.2 103.3 105.3 106.9 106.8 107.4 106.2 104.7 104.1 105.6 107.7 107.7 108.5 106.7 105.6 104.8 106.6 108.4 .8 1.0 .5 .9 .7 .9 .6 3.5 4.0 2.9 2.8 2.6 3.1 3.4 Workers by industry Goods-producing……………………………………………… Manufacturing………………………………………………… Service-providing……………………………………………… Education and health services…………………………… Health care and social assistance……………………… Hospitals………………………………………………… Nursing and residential care facilities……………… Education services……………………………………… Elementary and secondary schools………………… 100.3 100.1 100.9 100.6 101.1 101.2 101.0 100.2 100.2 101.3 101.0 101.6 101.3 102.0 101.9 101.4 100.7 100.5 102.0 101.4 102.9 103.5 103.5 103.2 102.6 103.4 103.5 102.5 101.8 103.5 104.2 104.3 104.0 103.7 104.1 104.2 102.9 102.0 104.4 104.9 105.4 105.1 104.5 104.5 104.6 103.9 102.9 105.2 105.5 106.1 105.7 105.0 104.9 105.0 104.4 103.2 106.4 107.2 107.1 106.7 105.6 107.3 107.4 105.0 103.8 107.0 107.9 107.9 107.5 106.3 107.9 107.9 106.1 104.7 107.8 108.6 108.9 108.4 107.3 108.3 108.2 1.0 .9 .7 .6 .9 .8 .9 .4 .3 3.1 2.6 3.3 3.5 3.3 3.1 2.7 3.6 3.4 Public administration ……………………………………… 100.6 101.2 102.4 103.8 105.6 106.6 108.0 109.1 109.7 .5 3.9 100.8 101.7 102.5 103.2 104.0 104.9 105.7 106.3 107.3 .9 3.2 Workers by occupational group Management, professional, and related……………………… Management, business, and financial…………………… Professional and related…………………………………… Sales and office………………………………………………… Sales and related…………………………………………… Office and administrative support………………………… Natural resources, construction, and maintenance………… Construction and extraction………………………………… Installation, maintenance, and repair……………………… Production, transportation, and material moving…………… Production…………………………………………………… Transportation and material moving……………………… Service occupations…………………………………………… 101.1 101.3 101.0 100.5 99.9 100.9 100.8 100.7 100.9 100.4 100.4 100.4 100.8 101.9 102.0 101.8 101.6 101.1 101.9 102.1 102.2 102.1 101.1 101.0 101.2 101.5 102.9 102.7 103.1 102.3 101.7 102.7 103.0 103.1 103.0 101.7 101.6 102.0 102.3 103.5 103.1 103.9 102.9 102.3 103.4 103.6 103.7 103.4 102.3 102.0 102.6 103.1 104.6 104.3 104.9 103.7 102.4 104.5 104.0 104.4 103.5 102.5 102.1 103.1 104.5 105.5 105.1 105.9 104.7 103.6 105.4 105.0 105.7 104.1 103.3 102.8 104.1 105.2 106.4 106.0 106.7 105.3 104.2 106.0 105.9 106.5 105.2 103.9 103.2 104.9 106.4 106.8 106.3 107.3 106.1 105.2 106.7 106.7 107.4 105.8 104.5 104.0 105.3 107.0 108.1 108.0 108.3 106.6 105.0 107.8 107.6 108.6 106.3 105.5 104.8 106.4 107.8 1.2 1.6 .9 .5 -.2 1.0 .8 1.1 .5 1.0 .8 1.0 .7 3.3 3.5 3.2 2.8 2.5 3.2 3.5 4.0 2.7 2.9 2.6 3.2 3.2 Workers by industry and occupational group Goods-producing industries…………………………………… Management, professional, and related…………………… Sales and office……………………………………………… Natural resources, construction, and maintenance……… Production, transportation, and material moving……….. 100.3 100.2 99.9 100.6 100.3 101.3 100.7 102.7 101.9 101.0 102.0 101.6 102.1 102.7 101.6 102.5 102.0 102.8 103.3 102.0 102.9 102.7 103.0 104.0 102.1 103.9 103.8 103.7 105.3 102.9 104.4 104.3 104.1 106.1 103.3 105.0 104.4 104.8 107.0 104.0 106.1 106.1 105.1 108.1 104.8 1.0 1.6 .3 1.0 .8 3.1 3.3 2.0 3.9 2.6 Construction………………………………………………… Manufacturing………………………………………………… Management, professional, and related………………… Sales and office…………………………………………… Natural resources, construction, and maintenance…… Production, transportation, and material moving…….. 100.7 100.1 100.0 99.5 100.1 100.2 101.9 101.0 100.5 102.8 100.8 100.9 103.0 101.4 101.3 101.3 101.5 101.5 103.6 101.8 101.4 102.1 102.1 101.9 104.7 102.0 102.0 102.4 101.7 101.9 105.9 102.9 103.3 103.2 102.4 102.6 106.9 103.2 103.3 103.5 102.8 103.1 107.6 103.8 103.5 104.3 103.9 103.8 108.9 104.7 104.9 105.0 104.6 104.5 1.2 .9 1.4 .7 .7 .7 4.0 2.6 2.8 2.5 2.9 2.6 Service-providing industries………………………………… Management, professional, and related…………………… Sales and office……………………………………………… Natural resources, construction, and maintenance……… Production, transportation, and material moving……….. Service occupations………………………………………… 101.0 101.3 100.6 101.2 100.6 100.9 101.8 102.2 101.5 102.5 101.3 101.5 102.7 103.2 102.3 103.6 101.9 102.3 103.4 103.8 102.9 104.0 102.6 103.1 104.3 105.0 103.7 104.0 103.0 104.5 105.2 105.9 104.8 104.5 104.0 105.3 106.1 106.8 105.4 105.7 104.7 106.4 106.7 107.3 106.3 106.2 105.2 107.1 107.7 108.5 106.8 106.7 106.4 107.9 .9 1.1 .5 .5 1.1 .7 3.3 3.3 3.0 2.6 3.3 3.3 Trade, transportation, and utilities………………………… 100.8 101.4 102.4 103.0 103.1 104.2 104.7 105.5 106.1 .6 2.9 Workers by occupational group 3 Private industry workers……………………………………… See footnotes at end of table. 92 Monthly Labor Review • July 2008 30. Continued—Employment Cost Index, compensation,1 by occupation and industry group [December 2005 = 100] 2006 Series Mar. June Sept. 2007 Dec. Mar. June 2008 Sept. Dec. Mar. Percent change 3 months ended 12 months ended Mar. 2008 Wholesale trade…………………………………………… Retail trade………………………………………………… Transportation and warehousing……………………… Utilities……………………………………………………… Information………………………………………………… Financial activities………………………………………… Finance and insurance………………………………… Real estate and rental and leasing…………………… Professional and business services……………………… Education and health services…………………………… Education services……………………………………… Health care and social assistance…………………… Hospitals……………………………………………… Leisure and hospitality…………………………………… Accommodation and food services…………………… Other services, except public administration…………… 100.3 100.6 100.4 107.8 100.9 101.2 101.5 99.8 101.1 101.0 100.7 101.1 101.3 100.6 100.5 101.4 100.8 101.2 101.0 109.3 102.1 101.8 102.4 99.3 102.2 101.8 101.5 101.9 102.0 101.3 101.4 102.7 102.4 101.9 101.6 110.1 103.0 102.1 102.6 100.2 102.9 103.2 103.2 103.2 103.2 102.4 102.5 103.6 102.9 102.7 102.2 110.4 103.2 102.5 102.9 100.8 103.5 104.1 104.2 104.1 103.9 103.7 104.0 104.0 103.7 102.9 102.8 102.8 104.3 104.2 104.6 102.2 104.7 105.1 104.5 105.2 105.0 105.3 105.8 105.7 104.6 103.9 104.0 104.7 105.6 104.6 104.9 103.0 105.9 105.7 104.9 105.9 105.6 106.0 106.4 106.1 104.2 105.1 104.5 105.0 105.8 105.4 105.7 104.1 106.9 106.9 106.7 106.9 106.5 107.5 108.1 107.1 105.3 106.1 104.5 105.6 106.1 105.6 106.1 103.7 107.5 107.7 107.5 107.8 107.3 108.1 108.6 107.6 105.7 106.6 105.6 106.5 106.1 106.8 107.0 105.5 109.0 108.6 108.1 108.8 108.2 109.0 109.5 108.7 0.4 .5 1.1 .9 .0 1.1 .8 1.7 1.4 .8 .6 .9 .8 .8 .8 1.0 1.9 3.6 2.7 3.6 1.7 2.5 2.3 3.2 4.1 3.3 3.4 3.4 3.0 3.5 3.5 2.8 100.5 100.9 103.2 104.1 105.1 105.7 107.6 108.4 108.9 .5 3.6 Workers by occupational group Management, professional, and related……………………… Professional and related…………………………………… Sales and office………………………………………………… Office and administrative support………………………… Service occupations…………………………………………… 100.3 100.2 100.9 101.0 100.6 100.8 100.8 101.5 101.6 101.2 103.3 103.4 103.3 103.5 103.1 104.0 104.0 104.1 104.2 104.5 104.9 104.8 105.6 105.7 105.4 105.4 105.3 106.2 106.4 106.3 107.5 107.5 107.9 108.2 108.0 108.3 108.2 108.6 108.9 109.1 108.8 108.6 108.8 109.3 109.7 .5 .4 .2 .4 .5 3.7 3.6 3.0 3.4 4.1 Workers by industry Education and health services……………………………… Education services……………………………………… Schools………………………………………………… Elementary and secondary schools……………… Health care and social assistance……………………… Hospitals………………………………………………… 100.3 100.2 100.2 100.2 101.3 100.9 100.8 100.5 100.5 100.5 102.9 101.3 103.7 103.5 103.5 103.6 105.1 103.3 104.3 104.1 104.1 104.2 105.7 104.3 104.8 104.6 104.6 104.7 107.1 105.6 105.3 105.0 104.9 105.0 107.6 106.3 107.5 107.4 107.4 107.4 108.6 107.5 108.2 108.0 108.0 108.0 109.3 108.2 108.6 108.4 108.4 108.3 110.1 109.2 .4 .4 .4 .3 .7 .9 3.6 3.6 3.6 3.4 2.8 3.4 100.6 101.2 102.4 103.8 105.6 106.6 108.0 109.1 109.7 .5 3.9 State and local government workers………………………… 3 Public administration ……………………………………… 1 Cost (cents per hour worked) measured in the Employment Cost Index consists of wages, salaries, and employer cost of employee benefits. 2 Consists of private industry workers (excluding farm and household workers) and State and local government (excluding Federal Government) workers. 3 Consists of legislative, judicial, administrative, and regulatory activities. NOTE: The Employment Cost Index data reflect the conversion to the 2002 North American Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. The NAICS and SOC data shown prior to 2006 are for informational purposes only. Series based on NAICS and SOC became the official BLS estimates starting in March 2006. Monthly Labor Review • July 2008 93 Current Labor Statistics: Compensation & Industrial Relations 31. Employment Cost Index, wages and salaries, by occupation and industry group [December 2005 = 100] 2006 Series Mar. June Sept. 2007 Dec. Mar. June 2008 Sept. Dec. Mar. Percent change 3 months ended 12 months ended Mar. 2008 1 Civilian workers ……….…….........…………………………………….… 100.7 101.5 102.6 103.2 104.3 105.0 106.0 106.7 107.6 0.8 3.2 Management, professional, and related……………………… Management, business, and financial…………………… Professional and related…………………………………… Sales and office………………………………………………… Sales and related…………………………………………… Office and administrative support………………………… 100.8 101.2 100.6 100.4 99.8 100.8 101.6 102.0 101.4 101.6 101.3 101.8 102.9 102.7 103.1 102.4 102.0 102.6 103.6 103.1 103.8 103.0 102.5 103.3 104.7 104.7 104.7 103.8 102.7 104.5 105.4 105.4 105.3 104.8 103.9 105.3 106.6 106.4 106.7 105.4 104.3 106.1 107.1 106.7 107.4 106.2 105.5 106.8 108.2 108.2 108.3 106.7 105.2 107.8 1.0 1.4 .8 .5 -.3 .9 3.3 3.3 3.4 2.8 2.4 3.2 Natural resources, construction, and maintenance………… Construction and extraction……………………………… Installation, maintenance, and repair…………………… Production, transportation, and material moving…………… Production…………………………………………………… Transportation and material moving……………………… Service occupations…………………………………………… 100.7 100.7 100.6 100.6 100.7 100.5 100.5 101.8 101.9 101.6 101.2 101.2 101.2 101.2 102.7 102.9 102.6 101.9 101.8 102.1 102.2 103.4 103.7 103.1 102.5 102.3 102.7 103.2 104.3 104.6 103.8 103.2 103.2 103.3 104.6 105.1 105.7 104.4 103.9 103.6 104.2 105.3 106.3 106.6 105.8 104.7 104.3 105.1 106.5 107.1 107.7 106.4 105.1 104.7 105.5 107.3 108.1 109.0 107.0 106.1 105.7 106.6 108.0 .9 1.2 .6 1.0 1.0 1.0 .7 3.6 4.2 3.1 2.8 2.4 3.2 3.3 Workers by industry Goods-producing……………………………………………… Manufacturing………………………………………………… Service-providing……………………………………………… Education and health services…………………………… Health care and social assistance……………………… Hospitals………………………………………………… Nursing and residential care facilities……………… Education services……………………………………… Elementary and secondary schools………………… 100.7 100.7 100.7 100.4 100.8 100.9 100.7 100.2 100.0 101.8 101.7 101.5 101.1 101.8 101.7 101.2 100.5 100.3 102.3 101.9 102.7 103.1 103.2 102.9 102.2 103.0 102.9 102.9 102.3 103.3 103.8 104.1 103.8 103.3 103.5 103.4 103.9 103.3 104.3 104.4 105.1 104.8 104.1 103.7 103.6 104.7 103.9 105.1 104.9 105.9 105.6 104.7 104.0 103.8 105.4 104.5 106.2 106.6 107.1 106.7 105.8 106.2 106.0 106.0 104.9 106.8 107.4 107.9 107.4 106.4 106.9 106.6 107.1 105.9 107.7 108.0 108.9 108.4 107.4 107.3 107.0 1.0 1.0 .8 .6 .9 .9 .9 .4 .4 3.1 2.5 3.3 3.4 3.6 3.4 3.2 3.5 3.3 Public administration ……………………………………… 100.5 101.1 102.0 103.5 104.5 105.2 106.4 107.4 108.2 .7 3.5 100.7 101.7 102.5 103.2 104.3 105.1 106.0 106.6 107.6 .9 3.2 Workers by occupational group Management, professional, and related……………………… Management, business, and financial…………………… Professional and related…………………………………… Sales and office………………………………………………… Sales and related…………………………………………… Office and administrative support………………………… Natural resources, construction, and maintenance………… Construction and extraction………………………………… Installation, maintenance, and repair……………………… Production, transportation, and material moving…………… Production…………………………………………………… Transportation and material moving……………………… Service occupations…………………………………………… 101.1 101.3 100.9 100.4 99.8 100.9 100.7 100.7 100.7 100.6 100.7 100.4 100.6 102.0 102.2 101.8 101.6 101.3 101.9 101.8 102.0 101.6 101.2 101.2 101.2 101.3 103.0 102.8 103.1 102.4 102.0 102.6 102.8 103.0 102.6 101.8 101.7 102.0 102.0 103.6 103.1 104.0 103.0 102.6 103.3 103.4 103.7 103.0 102.4 102.2 102.6 102.9 104.9 104.7 105.1 103.8 102.8 104.5 104.2 104.7 103.7 103.1 103.1 103.2 104.6 105.8 105.5 106.0 104.8 104.0 105.4 105.1 105.8 104.2 103.8 103.6 104.1 105.3 106.7 106.3 107.0 105.3 104.4 106.0 106.2 106.7 105.6 104.5 104.2 105.0 106.5 107.2 106.6 107.6 106.2 105.5 106.7 107.1 107.8 106.1 105.0 104.6 105.4 107.1 108.5 108.2 108.7 106.7 105.3 107.7 108.1 109.2 106.8 106.0 105.6 106.5 107.9 1.2 1.5 1.0 .5 -.2 .9 .9 1.3 .7 1.0 1.0 1.0 .7 3.4 3.3 3.4 2.8 2.4 3.1 3.7 4.3 3.0 2.8 2.4 3.2 3.2 Workers by industry and occupational group Goods-producing industries…………………………………… Management, professional, and related…………………… Sales and office……………………………………………… Natural resources, construction, and maintenance……… Production, transportation, and material moving……….. 100.7 101.1 99.8 100.7 100.7 101.8 101.7 103.4 101.9 101.3 102.3 102.4 102.2 102.7 101.9 102.9 102.8 103.1 103.4 102.4 103.9 104.4 103.4 104.4 103.2 104.7 105.3 104.1 105.6 103.7 105.4 105.9 104.7 106.5 104.4 106.0 106.0 105.5 107.6 104.8 107.1 107.7 105.8 108.8 105.7 1.0 1.6 .3 1.1 .9 3.1 3.2 2.3 4.2 2.4 Construction………………………………………………… Manufacturing………………………………………………… Management, professional, and related………………… Sales and office…………………………………………… Natural resources, construction, and maintenance…… Production, transportation, and material moving…….. 100.6 100.7 101.1 99.5 100.9 100.7 102.0 101.7 101.5 103.8 101.7 101.3 102.9 101.9 102.2 101.1 102.3 101.8 103.7 102.3 102.3 102.0 103.0 102.3 104.9 103.3 103.8 102.4 103.8 103.1 106.0 103.9 104.6 103.2 104.3 103.6 107.0 104.5 105.0 103.9 105.0 104.2 107.8 104.9 105.3 104.7 105.9 104.5 109.0 105.9 106.7 105.5 106.8 105.4 1.1 1.0 1.3 .8 .8 .9 3.9 2.5 2.8 3.0 2.9 2.2 Service-providing industries………………………………… Management, professional, and related…………………… Sales and office……………………………………………… Natural resources, construction, and maintenance……… Production, transportation, and material moving……….. Service occupations………………………………………… 100.8 101.1 100.5 100.7 100.4 100.6 101.7 102.0 101.4 101.8 101.0 101.3 102.6 103.1 102.4 103.0 101.7 102.0 103.3 103.7 102.9 103.4 102.4 102.9 104.4 105.0 103.8 103.9 103.0 104.6 105.3 105.9 104.9 104.3 104.0 105.3 106.1 106.8 105.4 105.7 104.6 106.6 106.8 107.4 106.3 106.3 105.2 107.2 107.7 108.6 106.8 106.9 106.3 108.0 .8 1.1 .5 .6 1.0 .7 3.2 3.4 2.9 2.9 3.2 3.3 Trade, transportation, and utilities………………………… 100.4 100.9 102.1 102.7 103.2 104.3 104.6 105.5 105.9 .4 2.6 Workers by occupational group 2 Private industry workers……………………………………… See footnotes at end of table. 94 Monthly Labor Review • July 2008 31. Continued—Employment Cost Index, wages and salaries, by occupation and industry group [December 2005 = 100] 2006 Series Mar. June Sept. 2007 Dec. Mar. June 2008 Sept. Dec. Mar. Percent change 3 months ended 12 months ended Mar. 2008 Wholesale trade…………………………………………… Retail trade………………………………………………… Transportation and warehousing……………………… Utilities……………………………………………………… Information………………………………………………… Financial activities………………………………………… Finance and insurance………………………………… Real estate and rental and leasing…………………… Professional and business services……………………… Education and health services…………………………… Education services……………………………………… Health care and social assistance…………………… Hospitals……………………………………………… Leisure and hospitality…………………………………… Accommodation and food services…………………… Other services, except public administration…………… 100.2 100.5 100.1 100.8 101.0 101.3 101.6 99.8 101.0 100.7 100.7 100.7 100.9 100.6 100.5 101.3 100.7 100.9 100.7 102.1 101.7 102.3 102.8 99.9 102.3 101.6 101.4 101.6 101.8 101.3 101.3 102.6 102.7 101.9 101.4 103.0 102.6 102.5 102.9 100.8 103.0 103.0 103.1 103.0 102.9 102.3 102.2 103.4 103.0 102.8 101.9 103.5 102.4 102.8 103.2 101.4 103.5 104.0 104.1 103.9 103.7 103.7 103.8 103.8 103.8 103.1 102.5 104.3 103.8 104.7 105.4 101.6 104.8 104.8 104.2 104.9 104.6 105.7 106.0 105.7 104.8 104.2 103.7 105.5 104.9 104.9 105.5 102.4 105.9 105.6 104.6 105.8 105.4 106.4 106.5 106.1 104.0 105.1 104.1 106.1 105.2 106.0 106.5 103.6 106.7 106.9 106.4 107.0 106.5 108.1 108.4 107.3 105.2 106.1 104.2 106.8 105.3 105.9 106.6 103.1 107.5 107.7 107.4 107.8 107.2 108.8 109.0 107.9 105.2 106.4 105.0 108.0 105.3 107.2 107.9 104.5 109.1 108.6 107.9 108.7 108.2 109.7 110.0 109.2 0.0 .3 .8 1.1 .0 1.2 1.2 1.4 1.5 .8 .5 .8 .9 .8 .9 1.2 1.3 3.2 2.4 3.5 1.4 2.4 2.4 2.9 4.1 3.6 3.6 3.6 3.4 3.8 3.8 3.3 100.3 100.8 102.8 103.5 104.1 104.6 106.4 107.1 107.7 .6 3.5 Workers by occupational group Management, professional, and related……………………… Professional and related…………………………………… Sales and office………………………………………………… Office and administrative support………………………… Service occupations…………………………………………… 100.2 100.2 100.6 100.7 100.3 100.7 100.7 101.2 101.4 100.8 102.9 103.0 102.6 102.7 102.4 103.5 103.6 103.2 103.4 103.9 104.0 103.9 104.5 104.7 104.5 104.3 104.2 104.8 105.0 105.2 106.3 106.3 106.3 106.5 106.5 107.0 107.0 107.0 107.3 107.7 107.6 107.5 107.4 107.8 108.3 .6 .5 .4 .5 .6 3.5 3.5 2.8 3.0 3.6 Workers by industry Education and health services……………………………… Education services……………………………………… Schools………………………………………………… Elementary and secondary schools……………… Health care and social assistance……………………… Hospitals………………………………………………… 100.2 100.1 100.1 100.0 101.0 100.9 100.7 100.4 100.4 100.3 103.0 101.4 103.1 103.0 103.0 103.0 104.8 103.1 103.6 103.4 103.4 103.4 105.5 104.4 104.0 103.7 103.6 103.6 106.6 105.7 104.2 103.9 103.9 103.8 107.2 106.5 106.3 106.1 106.1 106.0 108.2 107.6 107.1 106.8 106.8 106.6 109.2 108.6 107.5 107.2 107.2 106.9 110.1 109.8 .4 .4 .4 .3 .8 1.1 3.4 3.4 3.5 3.2 3.3 3.9 100.5 101.1 102.0 103.5 104.5 105.2 106.4 107.4 108.2 .7 3.5 State and local government workers………………………… 2 Public administration ……………………………………… 1 Consists of private industry workers (excluding farm and household workers) and State and local government (excluding Federal Government) workers. 2 Consists of legislative, judicial, administrative, and regulatory activities. NOTE: The Employment Cost Index data reflect the conversion to the 2002 North American Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. The NAICS and SOC data shown prior to 2006 are for informational purposes only. Series based on NAICS and SOC became the official BLS estimates starting in March 2006. Monthly Labor Review • July 2008 95 Current Labor Statistics: Compensation & Industrial Relations 32. Employment Cost Index, benefits, by occupation and industry group [December 2005 = 100] 2006 Series Mar. June Sept. 2007 Dec. Mar. June 2008 Sept. Dec. Mar. Percent change 3 months ended 12 months ended Mar. 2008 Civilian workers…………………………………………………. 100.9 101.6 102.8 103.6 104.0 105.1 106.1 106.8 107.6 0.7 3.5 Private industry workers………………………………………… 101.0 101.7 102.5 103.1 103.2 104.3 105.0 105.6 106.5 .9 3.2 Workers by occupational group Management, professional, and related……………………… Sales and office………………………………………………… Natural resources, construction, and maintenance………… Production, transportation, and material moving…………… 101.3 100.8 101.1 100.1 101.8 101.6 102.7 101.0 102.8 102.0 103.5 101.6 103.4 102.9 104.0 102.0 103.8 103.4 103.4 101.2 104.9 104.3 104.8 102.4 105.6 105.2 105.3 102.7 106.0 106.0 105.9 103.7 107.3 106.5 106.5 104.4 1.2 .5 .6 .7 3.4 3.0 3.0 3.2 Service occupations…………………………………………… 101.5 102.2 103.0 103.6 104.2 105.1 106.0 106.7 107.6 .8 3.3 Goods-producing……………………………………………… 99.6 Manufacturing………………………………………………… 99.0 Service-providing……………………………………………… 101.5 100.4 99.7 102.3 101.3 100.5 103.0 101.7 100.8 103.7 100.9 99.6 104.1 102.2 101.0 105.2 102.4 100.7 106.0 103.2 101.7 106.6 104.0 102.3 107.6 .8 .6 .9 3.1 2.7 3.4 101.3 104.1 105.2 107.0 108.0 110.3 111.0 111.4 .4 4.1 Workers by industry State and local government workers………………………… 100.7 NOTE: The Employment Cost Index data reflect the conversion to the 2002 North American Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. The NAICS and SOC data shown prior 96 Monthly Labor Review • July 2008 to 2006 are for informational purposes only. Series based on NAICS and SOC became the official BLS estimates starting in March 2006. 33. Employment Cost Index, private industry workers by bargaining status and region [December 2005 = 100] 2006 Series Mar. June Sept. 2007 Dec. Mar. June 2008 Sept. Dec. Mar. Percent change 3 months ended 12 months ended Mar. 2008 COMPENSATION Workers by bargaining status1 Union………………………………………………………………… 100.5 Goods-producing………………………………………………… 99.9 Manufacturing………………………………………………… 99.3 Service-providing………………………………………………… 101.0 101.8 101.2 100.1 102.2 102.4 101.8 100.5 102.9 103.0 102.2 100.8 103.6 102.7 101.5 99.2 103.7 103.9 102.8 100.0 104.7 104.4 103.1 100.0 105.4 105.1 104.0 101.0 106.0 105.9 104.6 101.4 107.0 0.8 .6 .4 .9 3.1 3.1 2.2 3.2 Nonunion…………………………………………………………… Goods-producing………………………………………………… Manufacturing………………………………………………… Service-providing………………………………………………… 100.9 100.5 100.3 101.0 101.7 101.4 101.3 101.8 102.6 102.0 101.7 102.7 103.2 102.5 102.1 103.4 104.2 103.3 102.8 104.4 105.1 104.2 103.7 105.3 105.9 104.8 104.1 106.2 106.5 105.4 104.6 106.8 107.5 106.5 105.6 107.7 .9 1.0 1.0 .8 3.2 3.1 2.7 3.2 Workers by region1 Northeast…………………………………………………………… South………………………………………………………………… Midwest……………………………………………………………… West………………………………………………………………… 100.9 101.0 100.7 100.6 101.8 101.6 101.7 101.8 102.5 102.8 102.3 102.5 103.3 103.5 102.8 103.0 104.0 104.3 103.3 104.2 105.1 105.3 104.2 104.9 106.2 106.1 104.6 105.7 106.8 106.7 105.3 106.5 107.4 107.8 106.0 107.8 .6 1.0 .7 1.2 3.3 3.4 2.6 3.5 Workers by bargaining status1 Union………………………………………………………………… Goods-producing………………………………………………… Manufacturing………………………………………………… Service-providing………………………………………………… 100.3 100.5 100.6 100.1 101.2 101.6 101.2 100.9 101.7 101.9 101.4 101.6 102.3 102.3 101.7 102.2 102.8 102.7 102.0 102.9 103.7 103.6 102.5 103.8 104.4 104.3 102.9 104.6 104.7 104.3 102.6 104.9 105.5 105.2 103.4 105.8 .8 .9 .8 .9 2.6 2.4 1.4 2.8 Nonunion…………………………………………………………… Goods-producing………………………………………………… Manufacturing………………………………………………… Service-providing………………………………………………… 100.8 100.7 100.7 100.8 101.8 101.9 101.8 101.7 102.7 102.4 102.0 102.7 103.3 103.0 102.5 103.4 104.5 104.2 103.6 104.6 105.3 105.0 104.2 105.4 106.2 105.8 104.9 106.3 106.9 106.4 105.5 107.0 107.9 107.7 106.6 107.9 .9 1.2 1.0 .8 3.3 3.4 2.9 3.2 Workers by region1 Northeast…………………………………………………………… South………………………………………………………………… Midwest……………………………………………………………… West………………………………………………………………… 100.8 101.0 100.4 100.7 101.7 101.6 101.4 102.1 102.5 102.9 102.0 102.7 103.1 103.6 102.6 103.2 104.0 104.6 103.6 104.8 105.0 105.6 104.4 105.4 106.1 106.5 105.0 106.2 106.6 107.0 105.6 107.0 107.5 108.1 106.3 108.3 .8 1.0 .7 1.2 3.4 3.3 2.6 3.3 WAGES AND SALARIES 1 The indexes are calculated differently from those for the occupation and industry groups. For a detailed description of the index calculation, see the Monthly Labor Review Technical Note, "Estimation procedures for the Employment Cost Index," May 1982. NOTE: The Employment Cost Index data reflect the conversion to the 2002 North American Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. The NAICS and SOC data shown prior to 2006 are for informational purposes only. Series based on NAICS and SOC became the official BLS estimates starting in March 2006. Monthly Labor Review • July 2008 97 Current Labor Statistics: Compensation & Industrial Relations 34. National Compensation Survey: Retirement benefits in private industry by access, participation, and selected series, 2003–2007 Series Year 2003 2004 2005 2007 1 2006 All retirement Percentage of workers with access All workers……………………………………………………… 57 59 60 60 White-collar occupations 2 …………………………………… 67 69 70 69 - - - - - 76 64 Management, professional, and related ………………. 61 Sales and office …………………………………………… - - - - Blue-collar occupations 2……………………………………… 59 59 60 62 - - - - - 61 Natural resources, construction, and maintenance...… Production, transportation, and material moving…...… Service occupations…………………………………………… - - - - 65 28 31 32 34 36 Full-time………………………………………………………… 67 68 69 69 70 Part-time……………………………………………………… 24 27 27 29 31 Union…………………………………………………………… 86 84 88 84 84 Non-union……………………………………………………… 54 56 56 57 58 Average wage less than $15 per hour……...……………… 45 46 46 47 47 Average wage $15 per hour or higher……...……………… 76 77 78 77 76 Goods-producing industries………………………………… 70 70 71 73 70 Service-providing industries………………………………… 53 55 56 56 58 Establishments with 1-99 workers…………………………… 42 44 44 44 45 Establishments with 100 or more workers………………… 75 77 78 78 78 All workers……………………………………………………… 49 50 50 51 51 White-collar occupations 2 …………………………………… 59 61 61 60 - - - - - 69 54 Percentage of workers participating Management, professional, and related ………………. Sales and office …………………………………………… - - - - Blue-collar occupations 2……………………………………… 50 50 51 52 - - - - - 51 Natural resources, construction, and maintenance…... Production, transportation, and material moving…...… Service occupations…………………………………………… - - - - 54 21 22 22 24 25 Full-time………………………………………………………… 58 60 60 60 60 Part-time……………………………………………………… 18 20 19 21 23 Union…………………………………………………………… 83 81 85 80 81 Non-union……………………………………………………… 45 47 46 47 47 Average wage less than $15 per hour……...……………… 35 36 35 36 36 Average wage $15 per hour or higher……...……………… 70 71 71 70 69 Goods-producing industries………………………………… 63 63 64 64 61 Service-providing industries………………………………… 45 47 47 47 48 Establishments with 1-99 workers…………………………… 35 37 37 37 37 Establishments with 100 or more workers………………… 65 67 67 67 66 - - 85 85 84 20 21 22 21 21 23 24 25 23 - - - - - 29 19 3 Take-up rate (all workers) …………………………………… Defined Benefit Percentage of workers with access All workers……………………………………………………… 2 White-collar occupations …………………………………… Management, professional, and related ………………. Sales and office …………………………………………… 2 Blue-collar occupations ……………………………………… Natural resources, construction, and maintenance...… - - 26 25 - - - - - 26 26 Production, transportation, and material moving…...… - - - - 8 6 7 8 8 Full-time………………………………………………………… 24 25 25 24 24 Part-time……………………………………………………… 8 9 10 9 10 Union…………………………………………………………… 74 70 73 70 69 Non-union……………………………………………………… 15 16 16 15 15 Average wage less than $15 per hour……...……………… 12 11 12 11 11 Average wage $15 per hour or higher……...……………… 34 35 35 34 33 Goods-producing industries………………………………… 31 32 33 32 29 Service-providing industries………………………………… 17 18 19 18 19 9 9 10 9 9 34 35 37 35 34 Establishments with 100 or more workers………………… See footnotes at end of table. Monthly Labor Review • July 2008 26 Service occupations…………………………………………… Establishments with 1-99 workers…………………………… 98 24 34. Continued—National Compensation Survey: Retirement benefits in private industry by access, participation, and selected series, 2003–2007 Series Year 2003 2004 2005 2007 2006 1 Percentage of workers participating All workers……………………………………………………… 2 White-collar occupations …………………………………… Management, professional, and related ………………. Sales and office …………………………………………… Blue-collar occupations 2…………………………………… Natural resources, construction, and maintenance...… Production, transportation, and material moving…...… Service occupations………………………………………… Full-time……………………………………………………… Part-time……………………………………………………… Union…………………………………………………………… Non-union……………………………………………………… Average wage less than $15 per hour……...……………… 20 22 24 7 24 8 72 15 11 21 24 25 6 24 9 69 15 11 21 24 26 7 25 9 72 15 11 20 22 25 7 23 8 68 14 10 20 28 17 25 25 7 23 9 67 15 10 Average wage $15 per hour or higher……...……………… 33 35 34 33 32 Goods-producing industries………………………………… 31 31 32 31 28 Service-providing industries………………………………… 16 18 18 17 18 Establishments with 1-99 workers………………………… 8 9 9 9 9 Establishments with 100 or more workers………………… 33 34 36 33 32 Take-up rate (all workers) 3…………………………………… - - 97 96 95 All workers……………………………………………………… 51 53 53 54 55 White-collar occupations 2 …………………………………… 62 64 64 65 - - - - - 71 60 Defined Contribution Percentage of workers with access Management, professional, and related ………………. - - - - Blue-collar occupations 2…………………………………… Sales and office …………………………………………… 49 49 50 53 - Natural resources, construction, and maintenance...… - - - - 51 56 Production, transportation, and material moving…...… - - - - Service occupations………………………………………… 23 27 28 30 32 Full-time……………………………………………………… 60 62 62 63 64 Part-time……………………………………………………… 21 23 23 25 27 Union…………………………………………………………… 45 48 49 50 49 Non-union……………………………………………………… 51 53 54 55 56 Average wage less than $15 per hour……...……………… 40 41 41 43 44 Average wage $15 per hour or higher……...……………… 67 68 69 69 69 Goods-producing industries………………………………… 60 60 61 63 62 Service-providing industries………………………………… 48 50 51 52 53 Establishments with 1-99 workers………………………… 38 40 40 41 42 Establishments with 100 or more workers………………… 65 68 69 70 70 All workers……………………………………………………… 40 42 42 43 43 White-collar occupations 2 …………………………………… 51 53 53 53 - - - - - 60 47 Percentage of workers participating Management, professional, and related ………………. - - - - Blue-collar occupations 2…………………………………… Sales and office …………………………………………… 38 38 38 40 - Natural resources, construction, and maintenance...… - - - - 40 41 Production, transportation, and material moving…...… - - - - Service occupations………………………………………… 16 18 18 20 20 Full-time……………………………………………………… 48 50 50 51 50 Part-time……………………………………………………… 14 14 14 16 18 Union…………………………………………………………… 39 42 43 44 41 Non-union……………………………………………………… 40 42 41 43 43 Average wage less than $15 per hour……...……………… 29 30 29 31 30 Average wage $15 per hour or higher……...……………… 57 59 59 58 57 Goods-producing industries………………………………… 49 49 50 51 49 Service-providing industries………………………………… 37 40 39 40 41 Establishments with 1-99 workers………………………… 31 32 32 33 33 Establishments with 100 or more workers………………… 51 53 53 54 53 - - 78 79 77 3 Take-up rate (all workers) …………………………………… See footnotes at end of table. Monthly Labor Review • July 2008 99 Current Labor Statistics: Compensation & Industrial Relations 34. Continued—National Compensation Survey: Retirement benefits in private industry by access, participation, and selected series, 2003–2007 Series Year 2003 2004 2005 2007 1 2006 Employee Contribution Requirement Employee contribution required………………………… Employee contribution not required……………………… Not determinable…………………………………………… - - 61 31 8 61 33 6 65 35 0 Percent of establishments Offering retirement plans…………………………………… Offering defined benefit plans……………………………… Offering defined contribution plans………………………. 47 10 45 48 10 46 51 11 48 48 10 47 46 10 44 1 The 2002 North American Industry Classification System (NAICS) replaced the 1987 Standard Industrial Classification (SIC) System. Estimates for goods-producing and service-providing (formerly service-producing) industries are considered comparable. Also introduced was the 2000 Standard Occupational Classification (SOC) to replace the 1990 Census of Population system. Only service occupations are considered comparable. 2 The white-collar and blue-collar occupation series were discontinued effective 2007. 3 The take-up rate is an estimate of the percentage of workers with access to a plan who participate in the plan. Note: Where applicable, dashes indicate no employees in this category or data do not meet publication criteria. 100 Monthly Labor Review • July 2008 35. National Compensation Survey: Health insurance benefits in private industry by access, particpation, and selected series, 2003-2007 Series Year 2003 2004 2005 2007 2006 1 Medical insurance Percentage of workers with access All workers………………………………………………………………………… 60 69 70 71 2 White-collar occupations ……………………………………………………… 65 76 77 77 - - - - - 85 71 Management, professional, and related ………………………………… Sales and office……………………………………………………………… Blue-collar occupations 2……………………………………………………… Natural resources, construction, and maintenance……………………… 71 - - - - 64 76 77 77 - - - - - 76 Production, transportation, and material moving………………………… - - - - 78 Service occupations…………………………………………………………… 38 42 44 45 46 Full-time………………………………………………………………………… 73 84 85 85 85 Part-time………………………………………………………………………… 17 20 22 22 24 Union……………………………………………………………………………… 67 89 92 89 88 Non-union………………………………………………………………………… 59 67 68 68 69 Average wage less than $15 per hour………………………………………… 51 57 58 57 57 Average wage $15 per hour or higher………………………………………… 74 86 87 88 87 Goods-producing industries…………………………………………………… 68 83 85 86 85 Service-providing industries…………………………………………………… 57 65 66 66 67 Establishments with 1-99 workers……………………………………………… 49 58 59 59 59 Establishments with 100 or more workers…………………………………… 72 82 84 84 84 All workers………………………………………………………………………… 45 53 53 52 52 White-collar occupations 2 ……………………………………………………… 50 59 58 57 - - - - - 67 48 Percentage of workers participating Management, professional, and related ………………………………… Sales and office……………………………………………………………… Blue-collar occupations 2……………………………………………………… Natural resources, construction, and maintenance……………………… - - - - 51 60 61 60 - - - - - 61 Production, transportation, and material moving………………………… - - - - 60 Service occupations…………………………………………………………… 22 24 27 27 28 Full-time………………………………………………………………………… 56 66 66 64 64 Part-time………………………………………………………………………… 9 11 12 13 12 Union……………………………………………………………………………… 60 81 83 80 78 Non-union………………………………………………………………………… 44 50 49 49 49 Average wage less than $15 per hour………………………………………… 35 40 39 38 37 Average wage $15 per hour or higher………………………………………… 61 71 72 71 70 Goods-producing industries…………………………………………………… 57 69 70 70 68 Service-providing industries…………………………………………………… 42 48 48 47 47 Establishments with 1-99 workers……………………………………………… 36 43 43 43 42 Establishments with 100 or more workers…………………………………… 55 64 65 63 62 - - 75 74 73 All workers………………………………………………………………………… 40 46 46 46 46 2 White-collar occupations ……………………………………………………… 47 53 54 53 - - - - - 62 47 3 Take-up rate (all workers) ……………………………………………………… Dental Percentage of workers with access Management, professional, and related ………………………………… Sales and office……………………………………………………………… 2 Blue-collar occupations ……………………………………………………… Natural resources, construction, and maintenance……………………… - - - - 40 47 47 46 - - - - - 43 Production, transportation, and material moving………………………… - - - - 49 Service occupations…………………………………………………………… 22 25 25 27 28 Full-time………………………………………………………………………… 49 56 56 55 56 Part-time………………………………………………………………………… 9 13 14 15 16 Union……………………………………………………………………………… 57 73 73 69 68 Non-union………………………………………………………………………… 38 43 43 43 44 Average wage less than $15 per hour………………………………………… 30 34 34 34 34 Average wage $15 per hour or higher………………………………………… 55 63 62 62 61 Goods-producing industries…………………………………………………… 48 56 56 56 54 Service-providing industries…………………………………………………… 37 43 43 43 44 Establishments with 1-99 workers……………………………………………… 27 31 31 31 30 Establishments with 100 or more workers…………………………………… 55 64 65 64 64 See footnotes at end of table. Monthly Labor Review • July 2008 101 Current Labor Statistics: Compensation & Industrial Relations 35. Continued—National Compensation Survey: Health insurance benefits in private industry by access, particpation, and selected series, 2003-2007 Series Year 2003 2004 2005 2007 2006 1 Percentage of workers participating All workers…………………………………………………………………………… 32 37 36 36 White-collar occupations 2 ……………………………………………………… 37 43 42 41 - Management, professional, and related …………………………………… - - - - 51 33 Sales and office………………………………………………………………… Blue-collar occupations 2………………………………………………………… Natural resources, construction, and maintenance………………………… 36 - - - - 33 40 39 38 - - - - - 36 Production, transportation, and material moving…………………………… - - - - 38 Service occupations……………………………………………………………… 15 16 17 18 20 Full-time…………………………………………………………………………… 40 46 45 44 44 Part-time…………………………………………………………………………… 6 8 9 10 9 Union……………………………………………………………………………… 51 68 67 63 62 Non-union………………………………………………………………………… 30 33 33 33 33 Average wage less than $15 per hour………………………………………… 22 26 24 23 23 Average wage $15 per hour or higher………………………………………… 47 53 52 52 51 Goods-producing industries……………………………………………………… 42 49 49 49 45 Service-providing industries……………………………………………………… 29 33 33 32 33 Establishments with 1-99 workers……………………………………………… 21 24 24 24 24 Establishments with 100 or more workers……………………………………… 44 52 51 50 49 - - 78 78 77 Percentage of workers with access……………………………………………… 25 29 29 29 29 Percentage of workers participating……………………………………………… 19 22 22 22 22 Percentage of workers with access……………………………………………… - - 64 67 68 Percentage of workers participating……………………………………………… - - 48 49 49 Percent of estalishments offering healthcare benefits …………………......… 58 61 63 62 60 3 Take-up rate (all workers) ………………………………………………………… Vision care Outpatient Prescription drug coverage Percentage of medical premium paid by Employer and Employee Single coverage Employer share…………………………………………………………………… 82 82 82 82 81 Employee share………………………………………………………………… 18 18 18 18 19 Family coverage Employer share…………………………………………………………………… 70 69 71 70 71 Employee share………………………………………………………………… 30 31 29 30 29 1 The 2002 North American Industry Classification System (NAICS) replaced the 1987 Standard Industrial Classification (SIC) System. Estimates for goods-producing and service-providing (formerly service-producing) industries are considered comparable. Also introduced was the 2000 Standard Occupational Classification (SOC) to replace the 1990 Census of Population system. Only service occupations are considered comparable. 2 The white-collar and blue-collar occupation series were discontinued effective 2007. 3 The take-up rate is an estimate of the percentage of workers with access to a plan who participate in the plan. Note: Where applicable, dashes indicate no employees in this category or data do not meet publication criteria. 102 Monthly Labor Review • July 2008 36. National Compensation Survey: Percent of workers in private industry with access to selected benefits, 2003-2007 Year Benefit 2003 2004 2005 2006 2007 Life insurance…………………………………………………… 50 51 52 52 58 Short-term disabilty insurance………………………………… 39 39 40 39 39 Long-term disability insurance………………………………… 30 30 30 30 31 Long-term care insurance……………………………………… 11 11 11 12 12 Flexible work place……………………………………………… 4 4 4 4 5 Flexible benefits……………………………………………… - - 17 17 17 Dependent care reimbursement account…………..……… - - 29 30 31 Healthcare reimbursement account……………………...… - - 31 32 33 Health Savings Account………………………………...……… - - 5 6 8 Employee assistance program……………………….………… - - 40 40 42 Section 125 cafeteria benefits Paid leave Holidays…………………………………………...…………… 79 77 77 76 77 Vacations……………………………………………..……… 79 77 77 77 77 Sick leave………………………………………..…………… - 59 58 57 57 Personal leave…………………………………………..…… - - 36 37 38 Paid family leave…………………………………………….… - - 7 8 8 Unpaid family leave………………………………………..… - - 81 82 83 Employer assistance for child care…………………….……… 18 14 14 15 15 Nonproduction bonuses………………………...……………… 49 47 47 46 47 Family leave Note: Where applicable, dashes indicate no employees in this category or data do not meet publication criteria. 37. Work stoppages involving 1,000 workers or more Annual average Measure 2006 Number of stoppages: Beginning in period............................. In effect during period…...................... 2007 2007 May June July Aug. 2008 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May.p 20 23 21 23 0 0 2 2 1 1 1 1 5 6 3 3 1 2 2 4 0 1 2 3 2 4 1 2 2 4 Workers involved: Beginning in period (in thousands)….. 70.1 In effect during period (in thousands)… 191.0 189.2 220.9 .0 .0 4.0 4.0 1.1 1.1 1.0 1.0 108.3 108.3 41.7 41.7 10.5 14.2 6.5 20.7 .0 10.5 6.2 16.7 5.7 11.9 2.3 6.0 3.4 9.4 Days idle: Number (in thousands)….................... 2,687.5 1,264.8 .0 19.6 6.6 9.0 261.5 73.9 284.0 254.8 220.5 148.8 140.9 104.4 125.0 .01 0 0 0 0 .01 0 .01 .01 .01 .01 0 0 0 1 Percent of estimated working time … 1 .01 Agricultural and government employees are included in the total employed and total working time; private household, forestry, and fishery employees are excluded. An explanation of the measurement of idleness as a percentage of the total time worked is found in "Total economy measures of strike idleness," October 1968, pp. 54–56. NOTE: Monthly Labor Review , p = preliminary. Monthly Labor Review • July 2008 103 Current Labor Statistics: Price Data 38. Consumer Price Indexes for All Urban Consumers and for Urban Wage Earners and Clerical Workers: U.S. city average, by expenditure category and commodity or service group [1982–84 = 100, unless otherwise indicated] Annual average Series 2006 2007 2008 2007 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 201.6 603.9 195.7 195.2 193.1 212.8 186.6 207.342 621.106 203.300 202.916 201.245 222.107 195.616 207.949 622.921 202.225 201.791 200.334 220.939 195.886 208.352 624.129 202.885 202.441 200.950 222.605 197.175 208.299 623.970 203.533 203.121 201.401 223.297 196.690 207.917 622.827 204.289 203.885 202.126 223.981 197.204 208.490 624.543 205.279 204.941 203.193 223.372 198.323 208.936 625.879 206.124 205.796 204.333 224.691 198.474 210.177 629.598 206.563 206.277 204.745 225.668 198.616 210.036 629.174 206.936 206.704 205.208 226.461 198.755 211.080 632.301 208.837 208.618 207.983 228.661 200.035 211.693 634.139 209.462 209.166 208.329 233.389 199.688 213.528 639.636 209.692 209.385 208.203 236.261 199.775 214.823 643.515 211.365 211.102 210.851 240.034 200.770 216.632 648.933 212.251 212.054 211.863 244.192 200.960 Dairy and related products ……….………………………… Fruits and vegetables…............................................ Nonalcoholic beverages and beverage 181.4 252.9 194.770 187.266 191.435 197.899 201.739 203.541 205.319 205.959 205.299 206.905 208.166 206.171 207.680 207.778 262.628 264.710 258.337 254.616 252.845 259.100 263.648 268.407 272.482 279.072 272.129 268.446 272.746 276.481 materials…............................................................. Other foods at home….............................................. Sugar and sweets…................................................ Fats and oils…........................................................ Other foods….......................................................... 147.4 169.6 171.5 168.0 185.0 153.432 173.275 176.772 172.921 188.244 113.9 115.105 114.692 116.101 115.017 116.072 114.628 114.850 115.396 115.267 115.162 118.182 117.321 118.500 118.744 199.4 136.6 200.7 203.2 232.1 225.1 206.659 144.068 207.026 209.586 240.611 234.679 CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS All items.......................................................................... All items (1967 = 100)..................................................... Food and beverages...................................................... Food..................…........................................................ Food at home….......................................................... Cereals and bakery products…................................ Meats, poultry, fish, and eggs…............................... 1 1,2 Other miscellaneous foods ……….………………… 1 Food away from home ……….………………………………… 1,2 Other food away from home ……….…………………… Alcoholic beverages…................................................. Housing.......................................................................... Shelter...............…...................................................... Rent of primary residence…..................................... Lodging away from home……………………………… 136.0 3 Owners' equivalent rent of primary residence ………. 1,2 Tenants' and household insurance ……….…………… Fuels and utilities….................................................. Fuels...............…..................................................... Fuel oil and other fuels…...................................... Gas (piped) and electricity…................................. Household furnishings and operations….................. Apparel .......................................................................... Men's and boys' apparel…........................................ Women's and girls' apparel…................................... 1 Infants' and toddlers' apparel ……….……………………… Footwear…............................................................... Transportation................................................................ Private transportation...............…............................... 2 New and used motor vehicles ……….…………………… New vehicles…....................................................... 1 Used cars and trucks ……….……………………………… Motor fuel….............................................................. Gasoline (all types)….............................................. Motor vehicle parts and equipment…....................... Motor vehicle maintenance and repair….................. Public transportation...............…................................. Medical care................................................................... Medical care commodities...............…........................ Medical care services...............…............................... Professional services…............................................ Hospital and related services…................................ 2 Tuition, other school fees, and child care…............ 1,2 1,4 other than telephone services ……….…………… 205.233 143.160 206.599 208.902 239.877 233.549 153.104 173.790 176.665 171.581 189.353 205.934 143.157 207.383 210.649 240.980 234.071 153.384 174.440 178.235 173.691 189.518 206.931 144.785 207.624 211.286 242.067 234.732 154.791 174.686 178.256 174.251 189.781 207.756 145.376 208.264 211.098 242.238 235.311 155.007 174.201 178.172 174.105 189.076 208.805 146.752 208.408 210.865 241.990 236.058 155.545 174.695 177.236 176.050 189.695 209.275 146.074 209.126 210.701 242.405 237.135 154.299 173.963 178.600 175.327 188.340 209.854 146.628 209.018 210.745 242.207 238.169 153.648 174.057 178.631 176.068 188.325 210.233 145.814 208.704 210.933 242.372 239.102 157.863 176.085 180.193 181.813 190.037 211.070 146.649 210.425 212.244 243.871 239.850 157.805 177.863 180.588 184.878 192.064 211.878 148.385 212.044 213.026 244.786 240.325 158.089 178.238 182.214 182.808 192.597 212.537 148.564 212.407 214.389 245.995 240.874 159.730 181.806 184.878 190.640 195.993 213.083 148.667 213.503 214.890 246.004 241.474 158.336 182.680 185.097 193.364 196.787 213.967 149.666 213.532 215.809 246.069 241.803 142.813 144.112 148.622 153.016 150.236 144.480 143.172 136.703 133.545 140.176 144.092 149.434 146.378 145.634 238.2 246.235 245.236 245.690 246.149 246.815 247.487 248.075 248.876 249.532 250.106 250.481 250.966 251.418 251.576 116.5 194.7 177.1 234.9 182.1 127.0 119.5 114.1 110.7 117.004 200.632 181.744 251.453 186.262 126.875 118.998 112.368 110.296 116.386 198.574 179.798 241.473 184.737 127.309 121.452 114.342 114.444 117.106 206.199 188.040 241.589 193.911 127.361 117.225 110.869 107.826 116.577 206.140 187.624 245.680 193.184 126.894 113.500 109.568 101.291 116.926 204.334 185.453 246.542 190.710 126.520 114.439 109.032 103.237 116.783 204.264 185.306 252.580 190.158 126.193 119.535 112.380 110.973 116.640 200.836 181.509 261.745 185.337 126.233 121.846 114.953 113.402 116.997 202.161 182.725 291.845 184.753 126.252 121.204 114.807 112.166 117.003 203.006 183.516 299.296 185.155 126.066 118.257 112.026 109.418 117.435 204.796 185.107 306.937 186.475 126.515 115.795 110.691 104.367 117.622 205.795 185.994 308.269 187.376 126.753 117.839 112.917 106.340 117.701 209.221 189.693 332.139 190.105 127.423 120.881 114.994 110.645 118.422 213.302 194.121 342.811 194.379 127.332 122.113 116.653 111.221 118.411 219.881 201.212 363.872 200.999 127.598 120.752 116.479 108.722 116.5 123.5 180.9 177.0 113.948 122.374 184.682 180.778 113.632 123.041 189.961 186.376 111.546 120.602 189.064 185.175 108.759 119.375 187.690 183.619 110.221 120.329 184.480 180.408 113.611 123.183 184.532 180.586 117.149 124.675 184.952 180.919 117.339 125.005 190.677 186.839 113.779 122.258 189.984 186.134 113.861 121.148 190.839 186.978 115.750 122.377 190.520 186.571 116.037 124.407 195.189 191.067 116.358 126.212 198.608 194.574 114.582 125.537 205.262 201.133 95.6 137.6 140.0 221.0 219.9 117.3 215.6 226.6 336.2 285.9 350.6 289.3 468.1 110.9 104.6 116.8 94.303 136.254 135.747 239.070 237.959 121.583 222.963 230.002 351.054 289.999 369.302 300.792 498.922 111.443 102.949 119.577 93.981 136.295 134.481 265.781 264.830 120.990 221.999 228.251 349.087 288.661 367.127 299.700 494.122 111.659 103.560 118.787 93.842 135.820 135.067 260.655 259.686 120.885 222.553 233.389 349.510 288.508 367.758 300.052 494.916 111.563 103.416 118.734 93.961 135.415 136.024 252.909 251.883 121.514 223.487 235.767 351.643 290.257 370.008 301.131 499.400 111.347 102.779 119.025 94.121 135.204 137.138 238.194 237.108 121.730 224.019 233.112 352.961 291.164 371.461 302.259 501.026 111.139 102.311 120.311 93.985 134.927 137.142 239.104 237.993 122.292 224.302 230.694 353.723 291.340 372.432 302.410 504.206 111.400 102.759 121.273 94.201 135.344 136.950 239.048 237.819 123.017 224.939 232.725 355.653 292.161 374.750 303.532 510.006 111.753 103.157 121.557 94.562 136.250 136.616 262.282 260.943 123.487 225.672 233.758 357.041 293.201 376.250 303.780 515.359 111.842 102.719 121.409 94.754 136.664 136.943 258.132 256.790 123.928 226.120 233.408 357.661 293.610 376.940 304.784 515.677 111.705 102.691 121.506 94.834 136.827 137.203 260.523 259.338 124.282 227.732 234.334 360.459 295.355 380.135 306.529 523.313 112.083 102.986 121.762 94.581 136.279 137.248 259.242 257.845 125.225 228.731 235.724 362.155 296.130 382.196 307.928 527.971 112.365 103.171 121.766 94.318 135.727 137.225 278.739 276.497 126.325 229.765 242.929 363.000 297.308 382.872 308.726 528.968 112.731 103.548 121.832 93.973 135.175 136.787 294.291 291.910 126.049 230.528 244.164 363.184 296.951 383.292 309.227 530.144 112.874 103.477 122.073 93.705 134.669 136.325 322.124 319.787 126.824 231.730 251.600 363.396 294.896 384.505 310.917 531.022 112.987 102.988 122.348 Recreation ……….………………………………………….……… 1,2 Video and audio ……….……………………………………… 2 Education and communication ……….……………………… 2 Education ……….………………………………………….……… 162.1 Educational books and supplies….......................... 388.9 Communication ……….……………………………………… 1,2 Information and information processing ……….…… 1,2 Telephone services ……….…………………………… Information and information processing 152.869 172.657 175.453 171.495 187.921 468.1 84.1 171.388 168.403 168.601 169.490 172.873 175.486 176.339 176.717 176.927 177.440 177.460 177.407 177.754 177.994 420.418 414.694 415.635 418.394 427.425 430.114 431.432 431.606 434.352 437.822 439.052 439.906 442.160 442.770 494.079 485.337 485.868 488.382 498.071 505.924 508.449 509.605 510.016 511.301 511.253 511.013 511.887 512.579 83.367 83.772 83.594 83.553 83.655 83.690 83.659 83.250 83.282 83.396 83.391 83.502 83.670 83.929 81.7 95.8 80.720 98.247 81.151 98.491 80.880 98.485 80.840 98.570 80.944 98.813 80.976 98.882 80.946 99.031 80.519 98.775 80.546 98.792 80.642 98.906 80.638 98.837 80.752 99.031 80.921 99.494 81.080 99.879 12.5 10.597 10.787 10.597 10.528 10.487 10.477 10.385 10.204 10.215 10.229 10.253 10.246 10.170 10.118 Personal computers and peripheral 1,2 104 equipment ……….…………………………………… 120.9 Other goods and services.............................................. 321.7 Tobacco and smoking products...............…............... 519.9 108.411 111.582 108.550 107.439 106.575 105.806 104.336 100.104 100.000 100.998 100.545 100.359 98.853 97.028 333.328 332.785 333.378 333.415 333.325 334.801 335.680 336.379 337.633 339.052 340.191 341.827 343.410 344.709 554.184 549.703 552.314 553.987 555.217 559.636 560.626 561.967 566.696 572.684 575.227 574.890 576.359 581.185 1 Personal care ……….………………………………………….… 190.2 1 Personal care products ……….…………………………… 155.8 1 Personal care services ……….…………………………… 209.7 195.622 195.641 195.835 195.704 195.521 196.202 196.763 197.156 197.643 198.112 198.716 199.982 201.028 201.523 158.285 158.594 158.771 158.457 157.788 157.643 158.381 158.561 158.236 158.201 157.677 158.440 159.398 158.790 216.559 216.228 215.860 216.720 217.028 217.589 217.887 218.604 219.656 219.932 220.848 222.752 222.799 223.649 See footnotes at end of table. Monthly Labor Review • July 2008 38. Continued—Consumer Price Indexes for All Urban Consumers and for Urban Wage Earners and Clerical Workers U.S. city average, by expenditure category and commodity or service group [1982–84 = 100, unless otherwise indicated] Series Annual average 2006 2007 May Miscellaneous personal services...............….... June July 2007 Aug. Sept. Oct. Nov. Dec. Jan. Feb. 2008 Mar. Apr. May 313.6 324.984 324.661 325.259 324.579 325.566 327.783 328.056 328.610 329.908 332.183 333.826 335.427 337.685 339.824 Commodity and service group: Commodities...........…............................................ Food and beverages…......................................... Commodities less food and beverages…............. Nondurables less food and beverages…............ Apparel …......................................................... and apparel…................................................. Durables….......................................................... Services….............................................................. 3 Rent of shelter ……….…………………………………… Transportation services….................................... Other services….................................................. 164.0 167.509 169.767 168.921 167.938 166.955 167.952 168.664 171.043 170.511 171.179 171.530 173.884 175.838 178.341 195.7 145.9 176.7 119.5 203.300 147.515 182.526 118.998 202.225 151.136 190.075 121.452 202.885 149.669 187.249 117.225 203.533 148.016 183.947 113.500 204.289 146.317 180.480 114.439 205.279 147.289 182.902 119.535 206.124 147.924 184.091 121.846 206.563 151.067 190.560 121.204 206.936 150.162 188.635 118.257 208.837 150.303 188.692 115.795 209.462 150.530 189.420 117.839 209.692 153.682 196.185 120.881 211.365 155.690 200.926 122.113 212.251 158.778 207.875 120.752 216.3 226.224 237.116 235.097 231.983 225.694 226.509 227.026 238.067 236.735 238.389 238.297 247.546 254.599 266.943 114.5 238.9 241.9 230.8 277.5 112.473 246.848 250.813 233.731 285.559 112.637 245.793 250.055 231.777 284.541 112.375 247.450 251.200 233.202 284.656 112.177 248.331 252.358 234.632 284.859 112.036 248.555 252.530 234.563 286.492 111.746 248.700 252.272 234.322 288.469 111.889 248.878 252.713 235.458 289.307 112.103 248.974 252.495 236.449 289.592 112.093 249.225 252.669 236.504 289.945 112.300 250.648 254.239 237.347 290.905 112.094 251.527 255.199 237.929 291.406 112.059 252.817 256.470 239.556 292.218 111.671 253.426 256.463 240.150 293.016 111.362 254.509 256.532 242.343 293.959 Special indexes: All items less food…............................................ 202.7 208.098 208.991 209.353 209.179 208.607 209.100 209.478 210.846 210.610 211.512 212.136 214.236 215.462 217.411 All items less shelter…........................................ All items less medical care…............................... Commodities less food…..................................... Nondurables less food…..................................... Nondurables less food and apparel…................. Nondurables…..................................................... 191.9 194.7 148.0 178.2 213.9 186.7 253.3 229.6 196.9 203.7 205.9 140.6 223.0 244.7 3 Services less rent of shelter ……….………………… Services less medical care services…................ Energy….............................................................. All items less energy…........................................ All items less food and energy…....................... Commodities less food and energy….............. Energy commodities...................................... Services less energy….................................... 196.639 200.080 149.720 184.012 223.411 193.468 260.764 236.847 207.723 208.925 210.729 140.053 241.018 253.058 197.783 200.779 153.228 191.064 233.150 196.916 259.262 235.870 219.071 208.400 210.316 140.518 265.562 252.050 197.913 201.178 151.825 188.463 231.414 195.749 261.677 237.565 221.088 208.636 210.474 139.589 260.739 252.955 197.408 201.042 150.225 185.382 228.641 194.326 262.284 238.357 217.274 208.980 210.756 138.757 253.696 253.998 196.803 200.598 148.591 182.170 223.057 192.869 262.588 238.507 209.294 209.399 211.111 138.895 239.885 254.491 197.708 201.159 149.541 184.450 223.802 194.616 263.243 238.604 209.637 210.000 211.628 139.828 241.120 254.706 198.171 201.544 150.180 185.610 224.338 195.646 263.109 238.657 207.588 210.714 212.318 140.501 241.642 255.385 199.998 202.770 153.234 191.668 234.241 199.253 263.599 238.671 219.009 210.888 212.435 140.547 265.420 255.549 199.734 202.600 152.344 189.844 233.014 198.422 263.966 238.894 217.506 210.890 212.356 140.014 261.976 255.785 200.609 203.569 152.531 190.000 234.667 199.346 265.311 240.201 219.465 211.846 213.138 139.845 264.660 257.220 201.110 204.136 152.799 190.781 234.736 200.030 266.154 241.004 219.311 212.545 213.866 140.324 263.508 258.098 203.217 205.992 155.881 197.167 243.109 203.767 267.567 242.310 230.505 213.420 214.866 141.056 283.362 259.249 205.040 207.317 157.870 201.693 249.571 207.096 269.007 242.921 240.194 213.851 215.059 141.156 298.757 259.503 207.566 209.170 160.880 208.233 260.703 211.240 271.467 243.982 257.106 214.101 215.180 140.677 326.414 260.049 CONSUMER PRICE INDEX FOR URBAN WAGE EARNERS AND CLERICAL WORKERS All items.................................................................... 197.1 202.767 203.661 203.906 203.700 203.199 203.889 204.338 205.891 205.777 206.744 207.254 209.147 210.698 212.788 All items (1967 = 100)............................................... Food and beverages................................................ 587.2 194.9 194.4 192.2 213.1 186.1 180.9 251.0 Food..................….................................................. Food at home….................................................... Cereals and bakery products….......................... Meats, poultry, fish, and eggs…......................... 1 Dairy and related products ……….…………………… Fruits and vegetables…...................................... Nonalcoholic beverages and beverage materials…....................................................... Other foods at home…....................................... Sugar and sweets…......................................... Fats and oils….................................................. Other foods…................................................... 1,2 Other miscellaneous foods ……….…………… 1 Food away from home ……….…………………………… 1,2 Other food away from home ……….……………… Alcoholic beverages…........................................... Housing.................................................................... Shelter...............…................................................ Rent of primary residence…............................... 2 Lodging away from home ……….…………………… 3 Owners' equivalent rent of primary residence … 1,2 Tenants' and household insurance ……….…… Fuels and utilities…........................................... Fuels...............….............................................. Fuel oil and other fuels…................................ Gas (piped) and electricity….......................... Household furnishings and operations…............ Apparel ................................................................... Men's and boys' apparel…................................. Women's and girls' apparel…............................. 1 Infants' and toddlers' apparel ……….……………… Footwear…......................................................... Transportation.......................................................... Private transportation...............…......................... 2 New and used motor vehicles ……….……………… See footnotes at end of table. 603.982 202.531 202.134 200.273 222.409 195.193 194.474 260.484 606.643 201.478 201.043 199.355 221.259 195.331 186.948 262.669 607.374 202.185 201.722 200.059 223.009 196.660 191.235 256.565 606.759 202.823 202.409 200.569 223.663 196.323 198.027 252.703 605.267 203.610 203.207 201.321 224.220 196.844 201.598 251.575 607.324 204.584 204.241 202.351 223.895 197.980 203.464 257.223 608.662 205.428 205.082 203.442 224.897 198.146 205.100 261.774 613.287 205.763 205.451 203.741 225.941 198.325 205.850 265.736 612.948 206.141 205.855 204.141 226.696 198.489 205.149 269.533 615.828 208.055 207.794 206.870 229.105 199.686 206.652 275.843 617.345 208.674 208.317 207.242 233.915 199.141 207.750 268.954 622.985 208.927 208.571 207.196 236.764 199.484 205.660 266.030 627.606 210.559 210.252 209.657 240.663 200.285 207.135 270.169 633.830 211.438 211.200 210.624 244.648 200.501 207.088 274.136 146.7 152.786 152.173 152.501 152.829 154.152 154.501 154.873 153.610 152.883 157.130 157.456 157.488 158.799 157.285 169.1 170.5 168.7 185.2 114.2 199.1 136.2 200.6 172.630 175.323 173.640 188.405 115.356 206.412 143.462 207.097 172.024 174.084 172.401 188.049 115.035 205.046 143.031 206.636 173.049 175.073 172.222 189.456 116.366 205.691 143.018 207.767 173.727 176.736 174.109 189.667 115.355 206.657 144.439 207.647 173.997 176.664 174.872 189.941 116.348 207.533 144.938 208.253 173.463 176.458 175.039 189.110 114.584 208.578 145.783 208.286 174.215 176.248 176.683 189.987 115.378 209.037 144.764 209.176 173.393 176.845 176.101 188.657 115.803 209.518 145.233 208.958 173.511 177.051 176.736 188.646 115.658 209.931 144.454 208.934 175.572 178.902 182.307 190.364 115.658 210.776 145.625 210.473 177.442 179.740 185.292 192.430 118.828 211.517 146.924 212.507 177.713 181.033 183.706 192.832 117.754 212.193 147.188 212.748 181.215 183.725 191.560 196.106 118.751 212.794 147.335 213.633 182.241 184.127 194.228 197.081 119.248 213.723 148.517 213.486 198.5 224.8 224.2 135.3 216.0 116.8 204.795 232.998 233.806 142.339 223.175 117.366 204.033 232.181 232.690 143.880 222.264 116.828 205.711 233.040 233.188 148.948 222.671 117.503 206.183 233.848 233.855 153.107 223.093 116.912 206.054 234.169 234.457 149.919 223.693 117.287 206.050 234.275 235.175 143.727 224.321 117.142 205.916 234.812 236.259 142.666 224.811 116.982 206.288 235.069 237.288 136.244 225.548 117.370 206.638 235.480 238.216 133.179 226.151 117.396 207.692 236.550 238.955 139.825 226.703 117.740 208.268 237.158 239.419 143.046 227.057 117.921 209.388 237.965 239.932 148.110 227.488 117.999 210.161 238.261 240.507 145.936 227.893 118.683 211.191 238.353 240.818 144.979 228.007 118.615 193.1 174.4 234.0 180.2 122.6 119.1 114.0 110.3 118.6 123.1 198.863 179.031 251.121 184.357 122.477 118.518 112.224 110.202 116.278 122.062 197.052 177.372 241.052 183.103 122.786 120.931 113.986 114.316 115.555 122.983 204.396 185.178 241.249 191.771 122.826 116.389 110.739 107.422 113.427 120.367 204.272 184.725 245.633 191.010 122.550 113.157 109.580 101.709 110.906 119.278 202.397 182.518 246.382 188.511 122.190 114.146 108.556 103.960 112.879 119.831 202.304 182.357 252.684 187.963 121.820 118.986 111.981 110.847 115.896 122.846 198.796 178.539 261.972 183.172 122.039 121.536 114.710 113.623 119.670 124.372 200.151 179.777 292.098 182.781 122.031 120.920 114.784 112.165 119.897 124.649 200.831 180.379 298.656 183.066 121.880 118.126 112.487 109.375 116.419 122.029 202.663 182.025 306.087 184.522 122.322 115.866 111.494 104.456 116.323 121.137 203.584 182.823 307.599 185.324 122.547 117.883 113.592 106.512 118.442 122.408 206.861 186.315 329.271 188.143 123.184 120.809 115.808 110.712 118.990 124.343 210.912 190.657 339.009 192.434 123.108 121.855 117.136 110.971 119.200 126.150 217.388 197.554 358.947 199.045 123.287 120.407 116.621 108.594 117.213 125.335 180.3 184.344 190.265 189.205 187.606 184.147 184.361 184.639 190.761 189.967 190.918 190.639 195.710 199.556 206.757 177.5 181.496 187.595 186.374 184.684 181.218 181.495 181.717 187.951 187.159 188.093 187.762 192.740 196.641 203.781 94.7 93.300 93.000 92.917 93.042 93.229 93.118 93.268 93.529 93.733 93.842 93.664 93.455 93.158 92.850 Monthly Labor Review • July 2008 105 Current Labor Statistics: Price Data 38. Continued—Consumer Price Indexes for All Urban Consumers and for Urban Wage Earners and Clerical Workers: U.S. city average, by expenditure category and commodity or service group [1982–84 = 100, unless otherwise indicated] Annual average Series 2006 New vehicles…............................................ 2007 2008 2007 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 138.6 137.415 137.535 137.060 136.663 136.414 136.129 136.509 137.372 137.736 137.931 137.445 136.910 136.456 135.933 1 Used cars and trucks ……….…………………… Motor fuel…................................................... Gasoline (all types)….................................. Motor vehicle parts and equipment…............ Motor vehicle maintenance and repair…....... Public transportation...............…..................... Medical care....................................................... Medical care commodities...............…............ Medical care services...............…................... Professional services…................................. Hospital and related services…..................... 140.8 221.6 220.7 116.9 218.1 225.0 136.586 239.900 238.879 121.356 225.535 228.531 135.320 266.737 265.874 120.709 224.623 227.024 135.917 261.679 260.799 120.666 225.172 231.549 136.880 253.893 252.957 121.350 226.090 233.390 137.999 239.097 238.100 121.584 226.636 231.082 137.996 240.271 239.252 122.144 226.881 229.148 137.798 240.040 238.906 122.830 227.472 231.182 137.457 263.248 262.013 123.302 228.267 231.999 137.791 259.032 257.792 123.786 228.692 231.363 138.052 261.531 260.457 124.416 230.255 232.594 138.094 260.402 259.112 125.238 231.349 233.979 138.070 279.975 277.842 126.330 232.344 240.729 137.616 295.618 293.349 126.032 232.983 241.966 137.145 323.495 321.291 126.742 234.221 249.310 335.7 279.0 351.1 291.7 463.6 350.882 282.558 370.111 303.169 493.740 348.801 281.502 367.696 301.979 488.523 349.145 280.862 368.384 302.346 489.292 351.346 282.662 370.696 303.481 493.563 352.704 283.379 372.261 304.677 495.191 353.571 283.712 373.306 304.841 498.533 355.719 284.517 375.899 306.072 505.077 357.165 285.475 377.498 306.300 510.836 357.745 285.913 378.119 307.333 510.961 360.710 287.703 381.507 309.169 518.853 362.329 288.335 383.510 310.426 523.654 363.069 289.254 384.149 311.259 524.534 363.356 288.796 384.753 311.757 526.495 363.462 286.825 385.769 313.294 527.230 108.2 108.572 108.905 108.681 108.403 108.179 108.495 108.793 108.805 108.702 109.046 109.315 109.742 109.775 109.876 2 Recreation ……….……………………………………… ……….…………………………… 103.9 102.559 103.137 103.001 102.358 101.923 102.427 102.833 102.465 102.523 102.839 103.028 103.525 103.414 102.958 Education and communication ……….…………… 113.9 116.301 115.830 115.746 115.980 116.981 117.707 117.891 117.686 117.782 118.097 118.079 118.155 118.462 118.737 Education ……….……………………………………… Educational books and supplies….............. 160.3 169.280 166.667 166.758 167.527 170.635 173.060 173.700 174.016 174.276 175.134 175.118 175.101 175.545 175.791 390.7 423.730 417.791 418.705 421.529 431.089 433.670 434.800 434.979 437.391 441.207 441.927 442.639 444.594 445.394 Tuition, other school fees, and child care… 453.3 477.589 470.148 470.329 472.395 480.960 488.199 490.061 491.022 491.554 493.797 493.672 493.546 494.711 495.384 86.0 85.782 86.140 85.999 86.015 86.148 86.184 86.182 85.807 85.834 85.935 85.919 86.016 86.244 86.496 Video and audio 1,2 2 2 1,2 Communication ……….…………………………… 1,2 Information and information processing … 1,2 Telephone services ……….………………… Information and information processing other than telephone services 1,4 ……….… 84.3 83.928 84.304 84.095 84.111 84.248 84.283 84.282 83.894 83.917 84.008 83.992 84.091 84.320 84.511 95.9 98.373 98.610 98.603 98.721 98.964 99.024 99.149 98.874 98.887 98.988 98.931 99.090 99.566 99.939 13.0 11.062 11.243 11.062 11.001 10.965 10.958 10.877 10.710 10.722 10.737 10.754 10.745 10.671 10.621 Personal computers and peripheral 1,2 121.0 108.164 111.305 108.367 107.371 106.531 105.713 104.366 100.257 100.000 101.067 100.582 100.265 98.820 97.010 330.9 344.004 343.096 343.939 344.221 344.214 345.800 346.742 347.427 348.830 350.630 351.979 353.351 354.887 356.523 521.6 555.502 550.888 553.538 555.366 556.517 561.092 562.134 563.435 568.410 574.724 577.359 576.910 578.296 583.296 equipment ……….……………………… Other goods and services.................................. Tobacco and smoking products...............….... 1 Personal care ……….………………………………… 188.3 193.590 193.595 193.858 193.792 193.598 194.160 194.769 195.122 195.467 195.885 196.564 197.803 198.859 199.367 Personal care products ……….………………… 1 155.7 158.268 158.566 158.739 158.445 157.813 157.654 158.408 158.579 158.407 158.167 157.877 158.730 159.585 158.993 Personal care services ……….………………… Miscellaneous personal services...............… 1 209.8 216.823 216.489 216.174 217.040 217.354 217.822 218.149 218.897 219.945 220.324 221.338 223.043 223.088 223.922 314.1 326.100 325.617 326.572 326.135 327.235 329.329 329.706 330.258 330.850 333.154 334.868 336.476 338.851 341.212 Commodity and service group: Commodities...........…....................................... Food and beverages….................................... Commodities less food and beverages…........ Nondurables less food and beverages…...... Apparel …................................................... 165.7 194.9 148.7 182.6 119.1 169.554 202.531 150.865 189.507 118.518 172.126 201.478 154.964 198.237 120.931 171.216 202.185 153.367 195.053 116.389 170.252 202.823 151.724 191.603 113.157 169.122 203.610 149.781 187.515 114.146 170.141 204.584 150.795 189.981 118.986 170.865 205.428 151.448 191.230 121.536 173.489 205.763 155.011 198.661 120.920 172.952 206.141 154.086 196.636 118.126 173.711 208.055 154.345 196.910 115.866 174.083 208.674 154.603 197.606 117.883 176.727 208.927 158.156 205.166 120.809 178.900 210.559 160.488 210.558 121.855 181.837 211.438 164.188 218.794 120.407 Nondurables less food, beverages, and apparel…............................................ Durables….................................................... 226.1 237.858 250.737 248.347 244.695 237.329 238.345 238.798 251.442 249.863 251.751 251.621 262.252 270.496 285.024 114.6 112.640 112.686 112.485 112.425 112.362 112.114 112.241 112.413 112.450 112.688 112.560 112.549 112.171 111.845 Services…......................................................... 234.1 241.696 240.672 242.241 242.901 243.118 243.436 243.572 243.906 244.275 245.484 246.154 247.197 248.045 249.175 3 216.6 224.617 223.833 224.655 225.455 225.760 225.867 226.393 226.636 227.035 228.071 228.660 229.443 229.719 229.810 230.6 233.420 231.542 232.623 233.737 233.831 233.868 234.848 235.874 236.020 236.883 237.426 238.496 239.044 240.728 268.2 275.218 274.697 274.670 274.766 276.015 277.702 278.404 278.513 278.783 279.780 280.199 281.017 281.829 282.720 Rent of shelter ……….……………………………… Transporatation services…............................ Other services…............................................. Special indexes: All items less food…....................................... All items less shelter…................................... All items less medical care…......................... Commodities less food…............................... Nondurables less food…................................ Nondurables less food and apparel…............ Nondurables…............................................... 3 Services less rent of shelter ……….…………… Services less medical care services…........... Energy…........................................................ All items less energy…................................... All items less food and energy….................. Commodities less food and energy…........ Energy commodities................................. Services less energy…............................... 1 2 3 106 Not seasonally adjusted. Indexes on a December 1997 = 100 base. Indexes on a December 1982 = 100 base. Monthly Labor Review • July 2008 4 197.5 189.2 191.3 150.6 183.8 223.0 189.5 202.698 193.940 196.564 152.875 190.698 234.201 196.772 203.955 195.463 197.543 156.872 198.945 245.886 200.781 204.121 195.489 197.783 155.339 195.988 243.806 199.476 203.750 194.913 197.504 153.730 192.714 240.471 198.000 203.011 194.109 196.949 151.846 188.873 233.817 196.266 203.638 195.018 197.629 152.837 191.210 234.745 198.017 204.015 195.440 198.022 153.499 192.442 235.233 199.075 205.783 197.479 199.565 156.977 199.471 246.726 203.087 205.575 197.174 199.431 156.073 197.551 245.286 202.222 206.371 198.113 200.329 156.365 197.892 247.136 203.268 206.877 198.592 200.800 156.670 198.660 247.188 203.933 209.055 200.904 202.713 160.152 205.843 256.899 208.101 210.583 202.931 204.290 162.455 211.005 264.488 211.757 212.870 205.774 206.423 166.070 218.809 277.717 216.582 224.7 225.3 196.8 198.0 199.2 141.1 223.0 239.9 230.876 232.195 208.066 203.002 203.554 140.612 241.257 247.888 229.694 231.253 220.348 202.489 203.163 141.011 266.260 246.894 231.965 232.848 221.832 202.582 203.132 140.019 261.460 247.606 232.367 233.415 217.795 202.849 203.310 139.352 254.282 248.434 232.450 233.562 209.441 203.319 203.710 139.557 240.247 248.977 232.982 233.839 209.933 204.037 204.363 140.491 241.692 249.398 232.628 233.850 207.885 204.797 205.107 141.236 241.955 250.127 233.029 234.115 219.861 205.066 205.355 141.254 265.598 250.546 233.314 234.468 218.104 205.155 205.377 140.815 261.928 250.925 234.576 235.557 220.163 205.991 205.992 140.696 264.633 252.103 235.258 236.154 219.983 206.588 206.605 141.238 263.601 252.756 236.483 237.201 231.533 207.296 207.406 141.973 283.359 253.589 237.922 238.048 241.518 207.812 207.687 142.040 298.852 254.031 240.181 239.167 258.903 208.021 207.747 141.558 326.565 254.517 Indexes on a December 1988 = 100 base. NOTE: Index applied to a month as a whole, not to any specific date. 39. Consumer Price Index: U.S. city average and available local area data: all items [1982–84 = 100, unless otherwise indicated] Pricing U.S. city average…………………………………………… All Urban Consumers sched- 2007 ule1 Dec. Urban Wage Earners 2008 Jan. Feb. Mar. 2007 Apr. May Dec. 2008 Jan. Feb. Mar. Apr. May M 210.036 211.080 211.693 213.528 214.823 216.632 205.777 206.744 207.254 209.147 210.698 212.788 Northeast urban……….………………………………………….……… M 223.425 224.325 225.213 226.926 228.133 230.089 220.146 221.065 221.702 223.209 224.794 227.114 Size A—More than 1,500,000........................................... M 225.688 226.310 227.411 229.087 230.038 232.005 220.824 221.492 222.315 223.795 225.144 227.412 M 132.323 133.301 133.511 134.611 135.739 136.913 132.856 133.766 133.893 134.846 136.141 137.624 M 200.227 201.427 201.896 203.723 205.393 207.168 195.493 196.617 197.110 198.989 200.788 202.912 M 201.519 202.830 203.347 205.141 206.590 208.291 195.839 196.963 197.549 199.378 200.989 202.969 M 128.040 128.753 128.922 130.121 131.484 132.682 127.740 128.561 128.695 129.922 131.354 132.867 Region and area size2 3 Size B/C—50,000 to 1,500,000 ……….………………………… 4 Midwest urban ……….………………………………………….……… Size A—More than 1,500,000........................................... 3 Size B/C—50,000 to 1,500,000 ……….………………………… Size D—Nonmetropolitan (less than 50,000)…………..... M 195.819 196.708 197.596 199.472 200.841 202.720 194.099 194.850 195.774 197.864 199.325 201.494 South urban…….….............................................................. M 203.457 204.510 205.060 206.676 208.085 210.006 200.850 201.814 202.291 204.044 205.669 207.912 Size A—More than 1,500,000........................................... M 206.078 207.221 207.605 209.065 209.987 211.846 204.370 205.304 205.588 207.336 208.511 210.748 M 129.368 129.937 130.351 131.442 132.516 133.714 128.206 128.767 129.144 130.243 131.428 132.808 3 Size B/C—50,000 to 1,500,000 ……….………………………… Size D—Nonmetropolitan (less than 50,000)…………..... M 202.878 204.524 205.189 206.933 208.746 211.225 203.333 204.954 205.523 207.600 209.641 212.533 West urban…….…............................................................... M 214.733 215.739 216.339 218.533 219.437 221.009 209.488 210.342 210.816 213.159 214.355 216.029 Size A—More than 1,500,000........................................... M 218.020 219.036 219.799 221.997 222.689 224.704 211.095 212.040 212.614 214.954 216.055 218.141 M 130.481 131.328 131.538 132.896 133.694 134.023 130.309 130.935 131.148 132.640 133.570 134.133 M M M 192.140 193.045 193.685 195.314 196.191 197.898 190.622 191.461 191.982 193.702 194.886 196.844 129.718 130.431 130.728 131.892 132.974 133.997 129.156 129.830 130.092 131.273 132.471 133.729 202.333 203.200 203.803 205.730 207.238 209.308 200.867 201.685 202.292 204.422 205.951 208.246 Chicago–Gary–Kenosha, IL–IN–WI………………………….. Los Angeles–Riverside–Orange County, CA……….………… M M 207.155 208.757 209.526 211.542 212.662 214.932 200.217 201.525 202.497 204.742 205.885 208.403 219.373 220.918 221.431 223.606 224.625 226.651 212.282 213.825 214.231 216.493 217.914 219.702 New York, NY–Northern NJ–Long Island, NY–NJ–CT–PA… M 229.395 229.869 231.020 233.122 233.822 236.151 223.873 224.557 225.281 226.951 228.215 230.923 Boston–Brockton–Nashua, MA–NH–ME–CT……….………… 1 – 231.980 – 233.084 – 235.344 – 231.291 – 232.656 – 235.419 Cleveland–Akron, OH…………………………………………… 1 – 199.686 – 202.500 – 204.882 – 190.115 – 192.995 – 195.898 Dallas–Ft Worth, TX…….……………………………………… 1 – 197.079 – 198.596 – 202.357 – 199.407 – 201.892 – 206.258 Washington–Baltimore, DC–MD–VA–WV ……….…………… 1 – 136.293 – 138.090 – 139.649 – 135.826 – 137.544 – 139.332 Atlanta, GA……………………..………………………………… 2 202.751 – 204.166 – 206.371 – 202.034 – 203.473 – 205.801 – Detroit–Ann Arbor–Flint, MI…………………………………… 2 200.201 – 202.378 – 205.281 – 195.866 – 197.670 – 201.037 – Houston–Galveston–Brazoria, TX……………………………… 2 186.246 – 187.585 – 188.795 – 184.975 – 185.904 – 188.463 – Miami–Ft. Lauderdale, FL……………...……………………… 2 217.319 – 219.082 – 221.324 – 215.561 – 216.971 – 219.456 – Philadelphia–Wilmington–Atlantic City, PA–NJ–DE–MD…… 2 219.025 – 220.935 – 223.622 – 218.791 – 220.718 – 223.295 – San Francisco–Oakland–San Jose, CA…….………………… 2 218.485 – 219.612 – 222.074 – 214.204 – 214.913 – 217.913 – Seattle–Tacoma–Bremerton, WA………………...…………… 2 218.966 – 221.728 – 223.196 – 214.024 – 216.332 – 218.483 – 3 Size B/C—50,000 to 1,500,000 ……….………………………… Size classes: 5 A ……….………………………………………….…………..…………… 3 B/C ……………………….….………………………………………….… D…………….…………...................................................... Selected local areas 6 7 1 Foods, fuels, and several other items priced every month in all areas; most other goods and services priced as indicated: M—Every month. 1—January, March, May, July, September, and November. 2—February, April, June, August, October, and December. 2 Regions defined as the four Census regions. 3 Indexes on a December 1996 = 100 base. 4 The "North Central" region has been renamed the "Midwest" region by the Census Bureau. It is composed of the same geographic entities. 5 Indexes on a December 1986 = 100 base. 6 In addition, the following metropolitan areas are published semiannually and appear in tables 34 and 39 of the January and July issues of the CPI Detailed Report : Anchorage, AK; Cincinnatti, OH–KY–IN; Kansas City, MO–KS; Milwaukee–Racine, WI; Minneapolis–St. Paul, MN–WI; Pittsburgh, PA; Port-land–Salem, OR–WA; St Louis, MO–IL; San Diego, CA; Tampa–St. Petersburg–Clearwater, FL. 7 Indexes on a November 1996 = 100 base. NOTE: Local area CPI indexes are byproducts of the national CPI program. Each local index has a smaller sample size and is, therefore, subject to substantially more sampling and other measurement error. As a result, local area indexes show greater volatility than the national index, although their long-term trends are similar. Therefore, the Bureau of Labor Statistics strongly urges users to consider adopting the national average CPI for use in their escalator clauses. Index applies to a month as a whole, not to any specific date. Dash indicates data not available. Monthly Labor Review • July 2008 107 Current Labor Statistics: Price Data 40. Annual data: Consumer Price Index, U.S. city average, all items and major groups [1982–84 = 100] Series Consumer Price Index for All Urban Consumers: All items: Index..................……............................................... Percent change............................…………………… Food and beverages: Index................……................................................. Percent change............................…………………… Housing: Index....………………............................................... Percent change............................…………………… Apparel: Index........................……......................................... Percent change............................…………………… Transportation: Index........................………...................................... Percent change............................…………………… Medical care: Index................……................................................. Percent change............................…………………… Other goods and services: Index............……..................................................... Percent change............................…………………… Consumer Price Index for Urban Wage Earners and Clerical Workers: All items: Index....................……………................................... Percent change............................…………………… 108 Monthly Labor Review • July 2008 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 160.5 2.3 163.0 1.6 166.6 2.2 172.2 3.4 177.1 2.8 179.9 1.6 184.0 2.3 188.9 2.7 195.3 3.4 201.6 3.2 207.342 2.8 157.7 2.6 161.1 2.2 164.6 2.2 168.4 2.3 173.6 3.1 176.8 1.8 180.5 2.1 186.6 3.3 191.2 2.5 195.7 2.4 203.300 3.9 156.8 2.6 160.4 2.3 163.9 2.2 169.6 3.5 176.4 4.0 180.3 2.2 184.8 2.5 189.5 2.5 195.7 3.3 203.2 3.8 209.586 3.1 132.9 .9 133.0 .1 131.3 –1.3 129.6 –1.3 127.3 –1.8 124.0 –2.6 120.9 –2.5 120.4 –.4 119.5 –.7 119.5 .0 118.998 -0.4 144.3 0.9 141.6 –1.9 144.4 2.0 153.3 6.2 154.3 0.7 152.9 –.9 157.6 3.1 163.1 3.5 173.9 6.6 180.9 4.0 184.682 2.1 234.6 2.8 242.1 3.2 250.6 3.5 260.8 4.1 272.8 4.6 285.6 4.7 297.1 4.0 310.1 4.4 323.2 4.2 336.2 4.0 351.054 4.4 224.8 4.4 237.7 5.7 258.3 8.7 271.1 5.0 282.6 4.2 293.2 3.8 298.7 1.9 304.7 2.0 313.4 2.9 321.7 2.6 333.328 3.6 157.6 2.3 159.7 1.3 163.2 2.2 168.9 3.5 173.5 2.7 175.9 1.4 179.8 2.2 184.5 5.1 191.0 1.1 197.1 3.2 202.767 2.9 41. Producer Price Indexes, by stage of processing [1982 = 100] Grouping Finished goods....…………………………… Finished consumer goods......................... Finished consumer foods........................ Annual average 2006 2007 2007 May June July Aug. Sept. 2008 Oct. Nov. Dec. Jan. Feb.p Mar.p Apr.p Mayp 160.4 166.0 156.7 166.6 173.5 167.0 167.5 174.8 166.8 167.2 174.4 166.3 168.5 176.2 166.4 166.1 173.0 166.3 167.4 174.8 168.4 168.6 175.9 169.7 171.4 179.4 169.5 170.4 178.2 172.2 172.0 180.1 174.5 172.2 180.2 173.8 175.4 184.4 175.9 176.7 186.0 175.4 179.6 190.1 177.7 excluding foods..................................... Nondurable goods less food................. Durable goods...................................... Capital equipment................................... 169.2 182.6 136.9 146.9 175.6 191.7 138.3 149.5 177.6 195.0 137.7 149.1 177.2 194.5 137.7 149.0 179.7 198.1 137.6 149.1 175.3 191.8 137.2 149.0 177.0 194.6 136.7 148.9 177.9 194.5 139.8 150.6 182.9 201.5 140.2 151.0 180.1 197.9 139.5 150.7 181.9 200.3 140.1 151.4 182.4 200.7 140.4 152.0 187.3 207.9 140.4 152.1 189.8 211.4 140.7 152.5 194.7 219.6 140.1 152.5 Intermediate materials, supplies, and components........………… 164.0 170.7 171.1 172.0 173.6 171.5 172.2 172.2 176.2 175.7 177.8 178.8 184.1 186.9 192.6 for manufacturing...................................... Materials for food manufacturing.............. Materials for nondurable manufacturing... Materials for durable manufacturing......... Components for manufacturing................ 155.9 146.2 175.0 180.5 134.5 162.4 161.4 184.0 189.8 136.3 162.8 160.6 182.9 195.0 136.0 163.6 163.0 184.9 194.8 136.2 164.5 163.6 187.1 195.1 136.4 163.4 164.5 185.0 191.8 136.5 163.3 166.6 186.0 189.1 136.5 164.4 166.3 189.4 189.0 136.6 166.1 166.6 195.1 188.6 136.7 166.3 169.8 195.1 188.1 136.8 168.4 173.6 199.3 189.5 137.4 169.8 177.2 201.3 192.2 137.7 172.5 180.3 204.3 199.6 138.1 174.5 179.7 207.7 203.5 138.8 178.8 182.8 214.4 212.8 139.3 Materials and components for construction......................................... Processed fuels and lubricants................... Containers.................................................. Supplies...................................................... 188.4 162.8 175.0 157.0 192.5 173.9 180.3 161.7 192.8 176.2 179.6 160.8 193.1 178.1 179.7 161.4 193.5 183.0 180.2 161.9 193.5 175.3 180.5 162.0 193.2 178.4 181.0 162.3 193.2 175.5 182.3 163.0 193.2 189.7 183.2 163.9 193.4 186.3 183.4 164.6 194.4 188.6 185.1 166.8 195.5 188.4 185.6 168.0 197.2 205.7 185.9 169.5 199.3 212.3 187.0 170.5 203.4 227.2 188.0 172.9 Crude materials for further processing.......................………………… Foodstuffs and feedstuffs........................... Crude nonfood materials............................ 184.8 119.3 230.6 207.1 146.7 246.3 208.0 148.1 246.6 209.7 148.4 249.6 210.3 150.0 249.2 202.8 147.8 237.6 204.6 151.9 237.4 211.8 150.0 252.0 225.6 152.9 274.1 229.0 158.5 275.4 235.5 162.6 283.8 245.5 164.5 300.0 265.6 168.0 333.1 274.3 166.5 349.9 294.4 172.7 385.4 Special groupings: Finished goods, excluding foods................ Finished energy goods............................... Finished goods less energy........................ Finished consumer goods less energy....... Finished goods less food and energy......... 161.0 145.9 157.9 162.7 158.7 166.2 156.3 162.8 168.7 161.7 167.4 161.9 162.4 168.3 161.3 167.1 160.9 162.3 168.2 161.3 168.8 166.4 162.4 168.3 161.4 165.8 155.6 162.5 168.4 161.5 166.9 159.7 163.0 169.2 161.5 168.1 159.1 164.7 170.8 163.2 171.6 170.4 164.9 171.0 163.6 169.6 163.8 165.5 172.0 163.5 171.0 166.6 166.7 173.5 164.4 171.5 166.3 167.1 173.8 165.1 174.9 177.5 167.9 174.8 165.4 176.7 182.6 168.1 174.9 165.9 179.8 193.8 168.8 176.0 166.1 and energy................................................ Consumer nondurable goods less food 166.7 170.0 169.5 169.6 169.7 170.0 170.0 171.8 172.2 172.2 173.2 174.1 174.4 175.0 175.3 and energy.............................................. 191.5 197.0 196.5 196.7 197.1 197.9 198.3 199.0 199.3 200.0 201.4 202.7 203.5 204.2 205.9 Intermediate materials less foods and feeds.................................................. Intermediate foods and feeds..................... Intermediate energy goods......................... Intermediate goods less energy.................. 165.4 135.2 162.8 162.1 171.5 154.4 174.6 167.6 172.1 151.6 176.7 167.6 172.9 154.5 179.2 168.1 174.5 155.9 184.2 168.8 172.3 156.3 177.0 168.1 172.9 158.2 179.5 168.2 172.9 159.6 177.4 168.9 177.0 161.4 191.1 170.2 176.3 164.6 187.8 170.4 178.2 170.6 190.5 172.3 179.1 174.7 190.9 173.4 184.4 179.8 208.1 175.5 187.4 178.6 213.8 177.4 193.1 184.8 228.6 181.1 and energy................................................ 163.8 168.4 168.6 169.0 169.6 168.8 168.9 169.5 170.8 170.9 172.5 173.5 175.3 177.5 181.0 Crude energy materials.............................. Crude materials less energy....................... Crude nonfood materials less energy......... 226.9 152.3 244.5 232.8 182.6 282.6 233.0 183.7 282.8 238.0 183.6 281.5 236.8 185.5 284.0 221.7 183.8 284.7 219.9 188.3 289.9 237.7 187.4 292.8 267.1 189.2 289.9 268.3 194.1 291.7 273.6 200.9 307.3 291.5 205.3 320.2 330.5 210.7 332.2 344.1 215.4 359.4 389.0 224.4 376.2 Finished consumer goods Materials and components Finished consumer goods less food Intermediate materials less foods p = preliminary. Monthly Labor Review • July 2008 109 Current Labor Statistics: Productivity Data 42. Producer Price Indexes for the net output of major industry groups [December 2003 = 100, unless otherwise indicated] NAICS Industry 2007 May June July Aug. Sept. 2008 Oct. Nov. Dec. Jan. Feb.p Mar. p Apr.p May p 211 212 213 Total mining industries (December 1984=100)............................. Oil and gas extraction (December 1985=100) ............................. Mining, except oil and gas…………………………………………… Mining support activities……………………………………………… 221.1 268.2 159.1 172.8 222.6 270.9 159.3 171.2 222.3 269.6 162.4 168.9 212.5 254.1 160.8 168.6 214.3 256.2 162.2 169.7 228.3 279.6 162.4 168.5 249.3 314.8 161.3 168.7 249.5 315.9 161.2 164.9 254.2 321.9 164.9 167.2 263.8 334.1 171.7 168.7 290.0 375.6 175.6 170.0 299.0 390.3 176.4 170.0 328.9 440.5 174.3 171.3 311 312 313 315 316 321 322 323 324 Total manufacturing industries (December 1984=100)................ Food manufacturing (December 1984=100)………………………… Beverage and tobacco manufacturing........................................... Textile mills.................................................................................... Apparel manufacturing………………………………...……………… Leather and allied product manufacturing (December 1984=100) Wood products manufacturing……………………………………… Paper manufacturing..................................................................... Printing and related support activities........................................... Petroleum and coal products manufacturing 163.8 158.7 109.2 107.6 101.5 149.6 107.0 114.8 106.5 274.3 163.7 160.3 109.3 107.8 101.4 149.4 107.5 115.2 106.5 268.2 164.9 160.4 109.2 108.4 101.5 149.4 108.4 115.4 106.7 283.1 163.0 160.3 109.9 108.6 101.5 149.9 107.8 115.6 106.8 258.0 163.7 160.8 110.3 108.7 101.3 150.0 107.2 116.1 107.0 267.4 164.5 160.7 111.1 108.9 101.5 150.4 106.5 117.1 107.1 266.9 168.0 161.4 111.1 109.1 101.5 150.5 106.1 117.8 107.2 305.5 166.9 162.8 111.2 109.3 101.5 151.1 106.1 118.0 107.4 288.4 168.5 165.8 112.1 110.1 101.8 152.0 105.7 118.5 107.8 294.9 169.4 167.8 112.8 110.8 101.8 152.6 105.4 119.1 108.1 297.1 173.4 170.2 112.6 110.3 102.0 152.5 105.8 119.6 108.1 336.4 175.1 170.9 113.0 110.8 102.2 152.8 106.0 120.2 109.2 347.6 179.3 174.2 114.4 111.7 102.2 152.7 108.3 120.4 109.4 384.1 325 326 (December 1984=100)………………………………….………… Chemical manufacturing (December 1984=100)…………………… 201.9 149.8 Plastics and rubber products manufacturing 202.8 149.9 203.6 150.4 204.9 151.3 205.0 151.2 206.4 151.6 209.2 152.2 210.4 153.2 213.6 154.8 215.7 155.8 216.9 156.5 220.4 156.3 224.1 158.5 331 332 333 334 335 336 337 Primary metal manufacturing (December 1984=100)……………… Fabricated metal product manufacturing (December 1984=100)… Machinery manufacturing………………………..…………………… Computer and electronic products manufacturing………………… Electrical equipment, appliance, and components manufacturing Transportation equipment manufacturing…………………………… Furniture and related product manufacturing 197.1 162.5 112.1 94.7 121.8 104.4 165.7 196.4 162.2 112.0 94.6 122.1 104.4 165.9 196.4 162.3 112.1 94.1 123.0 104.4 165.6 192.1 162.9 112.3 93.5 123.6 104.2 165.7 188.8 162.8 112.5 93.3 123.7 103.8 165.9 188.6 163.3 112.7 93.1 124.2 106.3 166.1 188.9 163.7 113.0 92.8 124.5 106.6 166.6 188.6 164.3 113.1 92.6 124.4 106.0 166.4 190.4 165.6 113.8 92.6 125.2 106.6 167.1 194.4 165.8 114.4 92.6 126.1 106.6 167.8 202.9 167.8 114.8 92.8 128.4 106.3 167.8 210.5 170.6 115.2 92.7 127.3 106.5 169.7 221.6 172.9 115.7 92.8 128.1 106.3 170.6 339 Miscellaneous manufacturing………………………………………… 107.1 107.0 106.9 107.0 107.1 107.2 107.5 107.7 108.5 109.1 109.3 109.5 109.7 115.6 115.2 110.2 123.0 86.1 129.5 116.2 116.2 112.4 123.1 86.5 127.7 115.6 116.5 111.6 123.6 81.6 123.1 114.9 119.6 109.8 124.3 71.3 128.3 116.0 119.0 107.8 123.9 73.7 126.0 115.3 120.1 111.1 123.5 78.0 130.2 116.1 121.1 114.9 123.8 73.7 125.7 118.0 119.0 89.3 123.8 66.6 134.7 118.3 119.6 109.0 124.8 67.1 136.0 118.9 120.6 87.9 124.0 59.5 135.5 118.8 122.2 88.0 125.9 61.1 134.3 119.0 119.2 110.9 128.0 65.6 136.2 118.5 118.6 109.5 127.9 60.9 136.9 Air transportation (December 1992=100)…………………………… 177.8 Water transportation…………………………………………………… 111.5 Postal service (June 1989=100)……………………………………… 175.4 185.9 111.7 175.4 188.0 113.6 175.5 189.1 114.7 175.5 180.5 115.3 175.5 187.2 117.2 175.5 189.4 116.5 175.5 187.1 116.4 175.5 192.0 119.0 175.5 192.4 120.5 175.5 197.2 120.8 175.5 199.5 122.1 175.5 201.4 122.3 180.5 129.9 131.6 130.8 129.3 127.2 126.6 127.4 127.8 128.4 129.7 133.6 135.7 122.0 106.4 123.6 157.4 113.7 112.2 122.1 107.2 123.6 157.6 113.9 112.5 122.2 107.0 123.8 158.1 114.9 112.9 122.2 107.7 123.9 158.0 115.7 113.2 122.9 107.6 124.1 158.2 115.8 113.5 122.9 107.7 125.1 161.3 116.4 113.9 121.5 106.7 125.3 161.9 116.5 114.3 122.7 106.7 125.3 161.9 117.0 114.6 123.3 107.3 125.4 162.4 117.9 115.4 122.9 107.9 125.7 162.0 117.3 116.1 121.0 106.8 125.6 162.7 117.6 118.2 122.3 107.4 125.5 162.9 118.2 118.0 123.2 107.4 125.5 162.7 118.1 117.6 108.2 101.6 100.7 100.4 118.7 106.0 110.4 104.0 114.1 153.3 110.9 108.1 101.8 101.0 100.3 118.6 106.8 110.8 103.7 114.4 153.4 111.4 108.2 98.7 102.2 100.4 120.5 106.2 111.1 103.8 121.2 153.7 112.2 108.4 98.7 101.3 100.4 120.4 107.9 111.1 103.2 122.3 153.8 112.6 108.4 99.6 102.0 100.4 121.1 109.0 110.7 102.9 117.2 154.3 112.4 108.5 101.0 101.8 100.3 121.4 108.5 110.5 103.5 118.9 154.8 113.1 108.5 102.3 101.2 100.5 124.2 108.5 110.5 106.1 118.4 155.1 112.9 108.5 103.6 100.7 100.4 123.0 110.0 109.9 105.6 119.1 155.1 113.0 109.7 104.4 100.6 100.4 122.5 108.1 110.3 106.6 121.3 159.9 115.6 109.4 102.3 100.8 100.6 117.1 107.8 110.1 106.1 120.9 160.1 114.2 110.4 103.2 100.8 100.6 118.4 107.9 110.6 107.2 121.6 160.6 113.0 110.7 102.4 102.1 100.5 119.2 109.1 110.0 107.1 117.8 160.8 111.9 110.4 103.4 101.3 100.9 120.1 109.2 106.1 107.1 123.2 160.9 114.2 139.8 105.1 121.4 101.0 105.4 107.2 141.1 140.1 105.1 121.6 101.4 105.4 107.2 143.1 140.3 105.1 121.8 101.1 105.5 107.3 147.1 140.8 105.1 121.9 101.0 105.5 107.9 147.2 140.7 105.1 122.0 100.9 106.8 108.9 145.0 140.8 105.1 122.4 102.5 106.9 108.9 145.8 140.8 105.1 122.3 101.7 107.1 109.5 144.7 140.8 105.1 122.2 100.2 108.7 108.4 143.7 139.2 105.2 122.3 98.8 108.9 110.7 145.4 139.1 105.0 122.3 97.3 108.2 112.2 142.9 140.0 105.2 122.5 98.7 107.7 112.1 144.2 140.4 106.0 122.3 98.8 109.0 112.3 146.0 140.5 105.8 122.7 98.8 109.7 112.0 144.8 (December 1984=100)………….………………………………… (December 1984=100)……………………………………………… Retail trade 441 442 443 446 447 454 Motor vehicle and parts dealers……………………………………… Furniture and home furnishings stores……………………………… Electronics and appliance stores…………………………………… Health and personal care stores……………………………………… Gasoline stations (June 2001=100)………………………………… Nonstore retailers……………………………………………………… Transportation and warehousing 481 483 491 Utilities 221 Utilities…………………………………………………………………… 125.4 Health care and social assistance 6211 6215 6216 622 6231 62321 Office of physicians (December 1996=100)………………………… Medical and diagnostic laboratories………………………………… Home health care services (December 1996=100)………………… Hospitals (December 1992=100)…………………………………… Nursing care facilities………………………………………………… Residential mental retardation facilities……………………………… Other services industries 511 515 517 5182 523 53112 5312 5313 5321 5411 541211 5413 Publishing industries, except Internet ……………………………… Broadcasting, except Internet………………………………………… Telecommunications…………………………………………………… Data processing and related services……………………………… Security, commodity contracts, and like activity…………………… Lessors or nonresidental buildings (except miniwarehouse)……… Offices of real estate agents and brokers…………………………… Real estate support activities………………………………………… Automotive equipment rental and leasing (June 2001=100)……… Legal services (December 1996=100)……………………………… Offices of certified public accountants……………………………… Architectural, engineering, and related services (December 1996=100)……………………………………………… 54181 Advertising agencies…………………………………………………… 5613 Employment services (December 1996=100)……………………… 56151 Travel agencies………………………………………………………… 56172 Janitorial services……………………………………………………… 5621 Waste collection………………………………………………………… 721 Accommodation (December 1996=100)…………………………… p = preliminary. 110 Monthly Labor Review • July 2008 43. Annual data: Producer Price Indexes, by stage of processing [1982 = 100] Index 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Finished goods Total............................................................................... Foods............................…………………………….…… Energy............……………………………………….….… Other…...............................………………………….…… 131.8 134.5 83.4 142.4 130.7 134.3 75.1 143.7 133.0 135.1 78.8 146.1 138.0 137.2 94.1 148.0 140.7 141.3 96.8 150.0 138.9 140.1 88.8 150.2 143.3 145.9 102.0 150.5 148.5 152.7 113.0 152.7 155.7 155.7 132.6 156.4 160.4 156.7 145.9 158.7 166.6 166.9 156.4 161.7 Intermediate materials, supplies, and components Total............................................................................... Foods............……………………………………….….… Energy…...............................………………………….… Other.................…………...………..........………….…… 125.6 123.2 89.0 134.2 123.0 123.2 80.8 133.5 123.2 120.8 84.3 133.1 129.2 119.2 101.7 136.6 129.7 124.3 104.1 136.4 127.8 123.2 95.9 135.8 133.7 134.4 111.9 138.5 142.6 145.0 123.2 146.5 154.0 146.0 149.2 154.6 164.0 146.2 162.8 163.8 170.6 161.5 174.6 168.4 111.1 112.2 87.3 103.5 96.8 103.9 68.6 84.5 98.2 98.7 78.5 91.1 120.6 100.2 122.1 118.0 121.0 106.1 122.3 101.5 108.1 99.5 102.0 101.0 135.3 113.5 147.2 116.9 159.0 127.0 174.6 149.2 182.2 122.7 234.0 176.7 184.8 119.3 226.9 210.0 207.3 146.7 233.0 238.8 Crude materials for further processing Total............................................................................... Foods............................…………………………….…… Energy............……………………………………….….… Other…...............................………………………….…… 44. U.S. export price indexes by end-use category [2000 = 100] Category 2007 May June July Aug. Sept. 2008 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May ALL COMMODITIES…………….................................... 115.5 116.0 116.1 116.3 116.7 117.6 118.7 119.3 120.7 121.8 123.8 124.3 124.8 Foods, feeds, and beverages……………...…………… Agricultural foods, feeds, and beverages…............. Nonagricultural (fish, beverages) food products…… 145.1 147.0 129.8 148.6 151.0 128.5 149.2 151.5 130.2 151.4 153.7 132.2 157.8 160.8 133.0 164.1 167.6 134.2 165.9 169.8 133.1 171.1 175.2 136.1 180.5 185.0 142.0 188.7 193.8 144.7 196.9 202.6 148.3 192.8 198.2 146.2 193.3 198.9 144.8 Industrial supplies and materials……………...………… 148.3 149.0 148.6 148.8 148.8 150.5 153.9 154.1 157.1 159.1 165.5 167.9 169.4 Agricultural industrial supplies and materials…........ 125.1 128.7 138.6 137.4 140.0 142.7 144.9 144.7 146.0 150.6 159.3 158.1 157.1 Fuels and lubricants…...............................………… 199.1 201.1 202.9 197.4 200.9 204.8 224.7 222.8 232.1 225.6 249.5 259.4 274.7 Nonagricultural supplies and materials, excluding fuel and building materials…………...… Selected building materials…...............................… 145.7 113.3 146.1 113.9 144.6 114.1 145.7 114.0 145.0 114.4 146.5 114.2 147.9 113.8 148.5 113.7 150.9 113.3 154.1 113.8 158.2 114.2 160.1 114.0 159.9 113.8 Capital goods……………...…………………………….… 99.5 Electric and electrical generating equipment…........ 106.4 Nonelectrical machinery…...............................……… 92.9 99.6 106.5 92.9 99.7 106.6 93.1 99.8 106.7 93.1 99.9 106.7 93.1 100.1 107.1 93.2 100.3 107.2 93.4 100.6 107.5 93.6 100.9 107.7 93.7 101.3 108.3 93.9 101.2 108.6 93.7 101.5 108.7 93.9 101.6 108.6 93.9 Automotive vehicles, parts, and engines……………... 106.0 106.1 106.2 106.2 106.3 106.5 106.5 106.7 106.9 107.0 107.1 107.5 107.5 Consumer goods, excluding automotive……………... 105.7 Nondurables, manufactured…...............................… 106.4 Durables, manufactured…………...………..........…… 104.0 105.8 106.7 103.7 106.1 107.0 104.0 106.3 107.2 104.2 106.2 107.0 104.2 106.4 107.4 104.2 106.8 108.0 104.4 107.3 108.2 105.2 107.3 108.1 105.2 107.4 108.2 105.5 108.0 109.3 105.4 108.1 109.9 105.1 108.1 110.1 105.0 Agricultural commodities……………...………………… Nonagricultural commodities……………...…………… 146.7 113.8 149.0 113.7 150.5 113.8 156.8 113.8 162.8 114.4 165.0 115.4 169.3 115.7 177.5 116.6 185.6 117.3 194.3 118.8 190.5 119.6 190.9 120.0 142.8 113.6 Monthly Labor Review • July 2008 111 Current Labor Statistics: Price Data 45. U.S. import price indexes by end-use category [2000 = 100] Category 2007 May June July Aug. 2008 Sept. Oct. Nov. Dec. Jan. Feb. Mar. May 118.6 120.0 121.5 121.1 121.8 123.6 127.5 127.3 129.2 129.5 133.5 137.3 140.9 Foods, feeds, and beverages……………...…………… Agricultural foods, feeds, and beverages…............. Nonagricultural (fish, beverages) food products…… 127.4 139.1 101.2 127.8 139.5 101.5 129.4 141.4 102.7 130.1 142.1 103.2 131.8 144.4 103.5 133.2 146.5 103.2 133.4 147.1 102.5 134.4 148.3 103.0 138.1 153.1 104.3 137.8 152.6 104.4 141.8 157.3 106.8 143.7 159.8 107.2 145.3 162.7 105.9 Industrial supplies and materials……………...………… 180.5 185.6 190.9 188.5 190.7 197.2 212.8 211.3 218.2 219.0 234.5 248.5 263.3 Fuels and lubricants…...............................………… Petroleum and petroleum products…………...…… 228.2 234.3 238.2 245.6 249.8 260.3 244.0 256.4 250.0 264.4 262.4 277.7 294.8 312.2 290.3 306.7 301.9 319.6 300.0 315.6 329.0 347.5 354.0 375.1 384.6 408.4 Paper and paper base stocks…............................... 110.6 110.8 110.3 110.7 111.2 112.2 108.0 109.2 112.5 113.4 114.1 116.3 118.2 Materials associated with nondurable supplies and materials…...............................……… Selected building materials…...............................… Unfinished metals associated with durable goods… Nonmetals associated with durable goods…........... 125.1 111.2 217.1 101.7 125.4 113.1 219.7 101.6 126.6 116.9 215.1 102.1 127.3 116.5 215.3 102.2 128.2 116.9 209.1 102.5 131.4 115.7 211.0 103.0 133.7 115.6 214.8 103.3 135.3 116.0 217.2 103.8 143.6 115.9 215.3 105.4 146.6 113.8 224.5 105.9 147.8 114.1 241.5 105.2 148.8 114.3 259.4 106.2 149.4 116.0 263.6 107.3 Capital goods……………...…………………………….… 91.1 Electric and electrical generating equipment…........ 105.2 Nonelectrical machinery…...............................……… 87.0 91.3 105.7 87.2 91.6 105.8 87.4 91.8 106.4 87.6 91.9 106.5 87.7 92.0 106.8 87.7 92.1 107.5 87.7 92.2 107.9 87.7 91.9 107.7 87.4 92.0 108.7 87.4 92.2 109.3 87.5 93.0 111.6 88.0 93.3 111.7 88.3 Automotive vehicles, parts, and engines……………... 104.6 104.7 104.8 105.0 105.2 105.6 106.2 106.8 107.1 107.2 107.4 107.8 107.8 Consumer goods, excluding automotive……………... 101.3 Nondurables, manufactured…...............................… 104.3 Durables, manufactured…………...………..........…… 98.1 Nonmanufactured consumer goods…………...……… 102.4 101.4 104.3 98.2 102.6 101.7 104.8 98.3 103.1 102.0 104.9 98.8 103.4 102.1 105.0 98.8 103.4 102.2 105.1 99.0 103.3 102.4 105.3 99.2 103.3 102.6 105.5 99.3 103.8 103.1 106.5 99.6 104.0 103.5 106.8 100.0 104.1 104.0 107.5 100.4 104.3 104.8 107.9 101.4 105.6 105.0 108.0 101.7 105.8 46. U.S. international price Indexes for selected categories of services [2000 = 100, unless indicated otherwise] Category 112 Apr. ALL COMMODITIES…………….................................... 2006 Mar. June 2007 Sept. Dec. Mar. June 2008 Sept. Dec. Mar. Import air freight……………........................................... Export air freight……………...…………………………… 129.7 113.6 135.2 115.9 133.1 117.9 131.2 116.7 130.7 117.0 132.3 117.0 134.2 119.8 141.8 127.1 144.4 131.4 Import air passenger fares (Dec. 2006 = 100)…………… Export air passenger fares (Dec. 2006 = 100)…............ 114.9 130.8 136.7 139.3 130.9 142.4 125.4 137.3 122.9 140.2 144.6 147.3 140.2 154.6 135.3 155.7 131.3 156.4 Monthly Labor Review • July 2008 47. Indexes of productivity, hourly compensation, and unit costs, quarterly data seasonally adjusted [1992 = 100] 2005 Item I II 2006 III IV I II 2007 III IV I II 2008 III IV I Business Output per hour of all persons........................................ Compensation per hour…………………………….……… Real compensation per hour……………………………… Unit labor costs…...............................…………………… Unit nonlabor payments…………...………..........……… Implicit price deflator……………………………………… 134.3 161.4 120.2 120.2 128.1 123.1 134.3 161.6 119.6 120.4 129.8 123.9 135.9 164.1 119.5 120.8 132.1 125.0 135.5 165.4 119.3 122.0 133.0 126.1 136.3 168.3 120.8 123.4 133.0 127.0 136.7 168.1 119.6 123.0 136.6 128.0 136.1 168.7 118.9 123.9 136.7 128.7 136.5 173.5 122.7 127.1 132.0 128.9 136.8 176.1 123.5 128.7 132.8 130.2 138.1 177.1 122.8 128.3 135.4 130.9 140.3 178.7 123.1 127.4 137.1 131.0 140.6 181.2 123.3 128.9 136.3 131.7 141.4 183.3 123.4 129.6 136.8 132.3 133.4 160.3 119.4 120.2 129.6 123.6 133.5 160.8 119.0 120.5 131.3 124.5 135.0 163.2 118.9 120.9 133.8 125.6 134.5 164.3 118.5 122.1 134.7 126.8 135.2 167.0 119.9 123.5 134.9 127.7 135.7 167.0 118.8 123.1 138.8 128.9 135.1 167.6 118.1 124.0 138.6 129.4 135.6 172.5 122.0 127.2 133.4 129.5 136.1 175.2 122.8 128.8 133.8 130.6 137.0 175.8 121.9 128.4 136.4 131.3 139.0 177.2 122.0 127.5 137.9 131.3 139.6 180.1 122.5 129.0 136.8 131.9 140.5 182.3 122.7 129.7 137.5 132.6 141.0 158.0 117.7 111.8 112.1 111.0 151.2 121.8 115.3 141.9 158.5 117.2 111.5 111.7 111.0 160.8 124.4 115.9 141.3 160.8 117.1 113.9 113.8 114.4 146.6 123.0 116.9 142.1 161.8 116.7 113.5 113.9 112.3 158.8 124.7 117.5 142.8 163.8 117.6 114.1 114.8 112.3 164.0 126.1 118.5 141.9 163.9 116.7 115.2 115.5 114.2 164.8 127.7 119.6 142.7 164.6 116.0 114.9 115.3 114.0 172.8 129.7 120.1 143.0 169.3 119.8 117.4 118.4 114.7 150.4 124.3 120.3 143.5 171.4 120.2 118.2 119.5 114.9 154.7 125.5 121.5 144.2 172.4 119.5 118.3 119.5 115.0 158.5 126.7 121.9 145.3 173.6 119.5 118.2 119.5 114.7 154.3 125.3 121.4 146.1 176.1 119.8 119.0 120.5 115.1 146.8 123.5 121.5 – – – – – – – – – 170.0 166.2 123.8 97.7 172.0 168.0 124.3 97.7 172.9 170.4 124.1 98.6 172.8 168.7 121.7 97.6 172.6 172.4 123.8 99.9 172.7 170.5 121.3 98.7 174.5 171.6 120.9 98.4 175.4 177.4 125.5 101.1 177.0 181.7 127.4 102.7 178.7 181.6 125.9 101.6 180.6 181.9 125.2 100.7 182.5 185.2 126.0 101.5 184.1 188.7 127.0 102.5 Nonfarm business Output per hour of all persons........................................ Compensation per hour…………………………….……… Real compensation per hour……………………………… Unit labor costs…...............................…………………… Unit nonlabor payments…………...………..........……… Implicit price deflator……………………………………… Nonfinancial corporations Output per hour of all employees................................... Compensation per hour…………………………….……… Real compensation per hour……………………………… Total unit costs…...............................…………………… Unit labor costs............................................................. Unit nonlabor costs...................................................... Unit profits...................................................................... Unit nonlabor payments…………...………..........……… Implicit price deflator……………………………………… Manufacturing Output per hour of all persons........................................ Compensation per hour…………………………….……… Real compensation per hour……………………………… Unit labor costs…...............................…………………… NOTE: Dash indicates data not available. Monthly Labor Review • July 2008 113 Current Labor Statistics: Productivity Data 48. Annual indexes of multifactor productivity and related measures, selected years [2000 = 100, unless otherwise indicated] Item 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Private business Productivity: Output per hour of all persons......…………….............. 87.4 Output per unit of capital services……………………… 104.6 Multifactor productivity…………………………………… 93.7 Output…...............................………………………….…… 79.2 90.0 104.7 95.3 82.8 91.7 104.9 96.2 87.2 94.3 103.5 97.5 91.5 97.2 102.3 98.7 96.2 100.0 100.0 100.0 100.0 102.8 96.0 100.1 100.5 107.1 94.8 101.8 102.0 111.2 95.6 104.4 105.2 114.5 97.5 107.0 109.7 116.8 98.6 108.8 113.8 118.0 99.1 109.4 117.4 120.2 98.1 110.1 120.1 88.8 75.7 84.4 83.6 90.7 79.1 86.9 85.9 94.2 83.2 90.6 87.4 96.4 88.4 93.9 91.1 99.0 94.1 97.5 95.0 100.0 100.0 100.0 100.0 98.6 104.6 100.3 107.0 97.2 107.6 100.2 112.9 97.0 110.0 100.7 116.3 98.4 112.5 102.5 117.4 100.2 115.4 104.6 118.4 102.8 118.5 107.4 119.1 103.8 122.3 109.2 122.3 Productivity: Output per hour of all persons........……………………… 88.2 Output per unit of capital services……………………… 105.6 94.5 Multifactor productivity…………………………………… Output…...............................………………………….…… 79.3 90.5 105.5 95.9 82.8 92.0 105.3 96.5 87.2 94.5 103.9 97.8 91.5 97.3 102.5 98.8 96.3 100.0 100.0 100.0 100.0 102.7 96.0 100.1 100.5 107.1 94.7 101.8 102.1 111.0 95.4 104.3 105.2 114.2 97.3 106.8 109.6 116.4 98.3 108.6 113.7 117.6 98.7 109.0 117.4 119.7 97.9 109.7 120.1 88.2 75.0 83.9 83.5 90.2 78.5 86.4 85.8 93.9 82.7 90.3 87.3 96.2 88.1 93.6 91.0 99.0 93.9 97.4 94.9 100.0 100.0 100.0 100.0 98.7 104.7 100.5 107.0 97.2 107.8 100.2 113.1 97.1 110.3 100.8 116.4 98.6 112.7 102.6 117.4 100.4 115.6 104.7 118.4 103.1 118.9 107.6 119.1 104.1 122.8 109.4 122.4 Productivity: Output per hour of all persons...………………………… Output per unit of capital services……………………… Multifactor productivity…………………………………… Output…...............................………………………….…… 79.8 98.7 90.8 80.3 82.7 98.0 91.2 83.1 87.3 100.6 93.8 89.2 92.0 100.7 95.9 93.8 96.1 100.4 96.7 97.4 100.0 100.0 100.0 100.0 101.6 93.5 98.7 94.9 108.6 92.3 102.4 94.3 115.3 93.2 105.2 95.2 117.9 95.4 108.0 96.9 123.5 98.9 108.4 100.4 125.0 100.2 110.1 102.3 – – – – Inputs: Hours of all persons..................................................... Capital services…………...………..........………….…… Energy……………….………......................................... Nonenergy materials.................................................... Purchased business services....................................... Combined units of all factor inputs…………...………... 100.6 81.4 113.7 78.9 88.8 88.5 100.4 84.8 110.4 86.0 88.5 91.1 102.2 88.7 108.2 92.9 92.1 95.1 101.9 93.2 105.4 97.7 95.0 97.8 101.3 97.0 105.5 102.6 100.0 100.7 100.0 100.0 100.0 100.0 100.0 100.0 93.5 101.5 90.6 93.3 100.7 96.2 86.8 102.1 89.3 88.4 98.2 92.1 82.6 102.1 84.4 87.7 99.1 90.5 82.2 101.6 84.0 87.3 97.0 89.7 81.3 101.5 91.6 92.4 104.5 92.7 81.8 102.0 86.6 91.5 106.6 92.9 – – – – – – Inputs: Labor input................................................................... Capital services…………...………..........………….…… Combined units of labor and capital input……………… Capital per hour of all persons.......................…………… Private nonfarm business Inputs: Labor input................................................................... Capital services…………...………..........………….…… Combined units of labor and capital input……………… Capital per hour of all persons......………………………… Manufacturing [1996 = 100] NOTE: Dash indicates data not available. 114 Monthly Labor Review • July 2008 49. Annual indexes of productivity, hourly compensation, unit costs, and prices, selected years [1992 = 100] Item 1962 1972 1982 1992 1999 2000 2001 2002 2003 2004 2005 2006 2007 Business Output per hour of all persons........................................ Compensation per hour…………………………….……… Real compensation per hour……………………………… Unit labor costs…...............................…………………… Unit nonlabor payments…………...………..........……… Implicit price deflator……………………………………… 52.9 15.1 65.2 28.5 26.1 27.6 71.2 26.7 83.3 37.4 35.7 36.8 80.1 63.6 90.6 79.4 70.1 75.9 100.0 100.0 100.0 100.0 100.0 100.0 112.8 125.8 108.1 111.5 109.4 110.7 116.1 134.7 112.0 116.0 107.2 112.7 119.1 140.3 113.5 117.9 110.0 114.9 123.9 145.3 115.7 117.3 114.2 116.1 128.7 151.2 117.7 117.5 118.3 117.8 132.4 156.9 119.0 118.5 124.7 120.8 135.0 163.2 119.7 120.9 130.8 124.5 136.4 169.6 120.5 124.4 134.6 128.2 139.0 178.3 123.2 128.3 135.4 131.0 55.9 15.6 67.3 27.8 25.8 27.1 73.1 26.9 84.0 36.8 34.9 36.1 80.8 63.9 91.1 79.1 69.3 75.5 100.0 100.0 100.0 100.0 100.0 100.0 112.5 125.2 107.6 111.3 110.9 111.1 115.7 134.2 111.6 116.0 108.7 113.3 118.6 139.5 112.8 117.7 111.6 115.4 123.5 144.6 115.1 117.1 116.0 116.7 128.0 150.4 117.1 117.5 119.6 118.3 131.6 155.9 118.2 118.5 125.5 121.1 134.1 162.1 118.9 120.9 132.4 125.1 135.4 168.5 119.7 124.5 136.4 128.9 137.9 177.1 122.3 128.4 136.2 131.3 60.4 17.4 75.1 27.3 28.7 23.4 54.5 31.7 29.7 74.2 28.8 90.0 37.5 38.8 33.9 54.1 39.3 39.0 83.1 66.5 94.7 80.4 80.0 81.3 75.2 79.7 79.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 117.9 124.2 106.7 104.0 105.3 100.4 129.1 108.0 106.2 122.5 133.0 110.6 107.4 108.6 104.2 108.7 105.4 107.5 124.7 138.6 112.1 111.6 111.2 112.6 82.2 104.5 108.9 129.7 143.6 114.3 110.7 110.7 110.8 98.0 107.4 109.6 134.6 149.5 116.4 111.0 111.0 111.1 109.9 110.7 110.9 139.6 153.9 116.7 110.0 110.3 109.3 144.8 118.8 113.1 141.6 159.8 117.2 112.7 112.9 112.2 154.4 123.5 116.4 142.6 165.4 117.5 115.4 116.0 113.8 162.9 126.9 119.7 144.8 173.4 119.8 118.5 119.8 114.9 153.5 125.2 121.6 – – – – – – – – – – – – – – – – – – 100.0 100.0 100.0 100.0 100.0 100.0 133.7 123.5 106.1 92.4 102.9 99.5 139.1 134.7 112.0 96.9 103.5 101.4 141.2 137.8 111.5 97.6 102.0 100.6 151.0 147.8 117.7 97.9 100.3 99.5 160.4 158.2 123.2 98.7 102.9 101.5 163.9 161.5 122.4 98.5 110.2 106.4 171.9 168.3 123.5 97.9 121.1 113.5 173.8 173.0 122.8 99.5 126.2 117.4 179.7 182.6 126.1 101.6 – – Nonfarm business Output per hour of all persons........................................ Compensation per hour…………………………….……… Real compensation per hour……………………………… Unit labor costs…...............................…………………… Unit nonlabor payments…………...………..........……… Implicit price deflator……………………………………… Nonfinancial corporations Output per hour of all employees................................... Compensation per hour…………………………….……… Real compensation per hour……………………………… Total unit costs…...............................…………………… Unit labor costs............................................................. Unit nonlabor costs...................................................... Unit profits...................................................................... Unit nonlabor payments…………...………..........……… Implicit price deflator……………………………………… Manufacturing Output per hour of all persons........................................ Compensation per hour…………………………….……… Real compensation per hour……………………………… Unit labor costs…...............................…………………… Unit nonlabor payments…………...………..........……… Implicit price deflator……………………………………… Dash indicates data not available. Monthly Labor Review • July 2008 115 Current Labor Statistics: Productivity Data 50. Annual indexes of output per hour for selected NAICS industries, 1987-2006 [1997=100] NAICS 116 Industry Mining 1987 1990 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 85.5 80.1 80.1 69.8 58.4 71.2 88.5 85.1 75.7 75.7 79.3 68.1 79.9 92.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 103.6 101.2 101.2 104.5 106.5 109.3 101.3 111.4 107.9 107.9 105.8 110.3 112.3 101.2 111.0 119.4 119.4 106.3 115.8 122.0 96.2 109.1 121.6 121.6 109.0 114.6 131.9 99.3 113.6 123.8 123.8 110.9 112.4 138.6 103.6 116.0 130.1 130.1 113.6 113.2 142.8 108.1 106.8 111.7 111.7 115.9 112.8 137.4 114.2 96.0 107.8 107.8 114.0 107.6 130.0 118.2 87.2 100.3 100.3 110.6 100.0 123.4 118.7 65.6 67.8 71.1 71.4 100.0 100.0 103.7 99.0 103.5 102.7 107.0 113.2 106.4 110.1 102.9 115.4 105.1 114.1 107.5 118.3 114.3 122.2 115.4 119.0 21 211 2111 212 2121 2122 2123 Mining…………………………………………………. Oil and gas extraction………………………………… Oil and gas extraction………………………………… Mining, except oil and gas…………………………… Coal mining…………………………………………… Metal ore mining……………………………………… Nonmetallic mineral mining and quarrying………… 2211 2212 Power generation and supply………………………… Natural gas distribution……………………………… 311 3111 3112 3113 3114 Food…………………………………………………. Animal food…………………………………………… Grain and oilseed milling……………………………… Sugar and confectionery products…………………… Fruit and vegetable preserving and specialty……… 94.1 83.6 81.1 87.6 92.4 93.9 91.5 88.6 89.5 87.6 100.0 100.0 100.0 100.0 100.0 103.9 109.0 107.5 103.5 107.1 105.9 110.9 116.1 106.5 109.5 107.1 109.7 113.1 109.9 111.8 109.5 131.4 119.5 108.6 121.4 113.8 142.7 122.4 108.0 126.9 116.8 165.8 123.9 112.5 123.0 117.3 149.5 130.3 118.2 126.2 123.3 165.5 133.0 130.7 132.0 121.1 150.4 130.7 129.2 126.9 3115 3116 3117 3118 3119 Dairy products………………………………………… 82.7 Animal slaughtering and processing………………… 97.4 Seafood product preparation and packaging……… 123.1 Bakeries and tortilla manufacturing………………… 100.9 Other food products…………………………………… 97.5 91.1 94.3 119.7 94.5 92.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 120.2 103.8 107.8 93.6 101.2 131.6 108.6 111.4 95.9 102.6 140.5 108.3 112.6 97.1 103.7 153.0 109.9 106.2 105.0 107.3 169.8 108.9 111.9 110.5 106.6 173.2 109.3 118.8 107.4 108.0 162.2 113.8 119.3 109.6 117.4 186.1 115.4 116.2 110.2 116.9 203.8 110.5 116.3 312 3121 3122 313 3131 Beverages and tobacco products…………………… Beverages……………………………………………… Tobacco and tobacco products……………………… Textile mills…………………………………………… Fiber, yarn, and thread mills………………………… 78.1 77.1 71.9 73.7 66.5 87.6 87.6 79.1 77.2 74.4 100.0 100.0 100.0 100.0 100.0 97.6 99.0 98.5 102.6 102.1 87.3 90.7 91.0 106.2 103.9 88.3 90.8 95.9 106.7 101.3 89.5 92.7 98.2 109.5 109.1 82.6 99.4 67.0 125.3 133.3 90.9 108.3 78.7 136.1 148.8 94.7 114.1 82.4 138.6 154.1 100.5 120.3 93.1 152.8 143.5 94.0 112.0 94.9 150.5 139.7 3132 3133 314 3141 3149 Fabric mills…………………………………………… Textile and fabric finishing mills……………………… Textile product mills…………………………………… Textile furnishings mills……………………………… Other textile product mills…………………………… 68.0 91.3 93.0 91.2 92.2 75.3 82.0 90.2 88.0 91.4 100.0 100.0 100.0 100.0 100.0 104.2 101.2 98.7 99.3 96.7 110.0 102.2 102.5 99.1 107.6 110.1 104.4 107.1 104.5 108.9 110.3 108.5 104.5 103.1 103.1 125.4 119.8 107.3 105.5 105.1 137.3 125.1 112.7 114.4 104.2 138.6 127.7 123.4 122.3 120.4 164.1 139.8 128.0 125.7 128.9 170.5 126.2 121.1 117.3 126.1 315 3151 3152 3159 316 Apparel………………………………………………… Apparel knitting mills………………………………… Cut and sew apparel………………………………… Accessories and other apparel……………………… Leather and allied products………………………… 71.9 76.2 69.8 97.8 71.6 73.7 86.2 70.1 101.3 72.7 100.0 100.0 100.0 100.0 100.0 101.8 96.1 102.3 109.0 106.6 111.7 101.4 114.6 99.2 112.7 116.8 108.9 119.8 98.3 120.3 116.5 105.6 119.5 105.2 122.4 102.9 112.0 103.9 76.1 97.7 112.4 105.6 117.2 78.7 99.8 103.4 96.6 108.4 70.8 109.5 110.9 120.0 113.5 74.0 123.6 114.0 123.7 117.6 67.3 132.5 3161 3162 3169 321 3211 Leather and hide tanning and finishing……………… Footwear……………………………………………… Other leather products………………………………… Wood products………………………………………… Sawmills and wood preservation…………………… 94.0 76.7 92.3 95.0 77.6 90.7 78.1 89.9 97.5 79.4 100.0 100.0 100.0 100.0 100.0 100.3 102.1 113.3 101.2 100.3 98.1 117.3 110.4 102.9 104.7 100.1 122.3 122.8 102.7 105.4 100.3 130.7 117.6 106.1 108.8 81.2 102.7 96.2 113.6 114.4 82.2 104.8 100.3 114.7 121.3 93.5 100.7 127.7 115.6 118.2 118.7 105.6 149.7 123.1 127.3 118.1 115.4 174.6 124.9 129.7 3212 3219 322 3221 3222 Plywood and engineered wood products…………… 99.7 Other wood products………………………………… 103.0 Paper and paper products…………………………… 85.8 Pulp, paper, and paperboard mills…………………… 81.7 Converted paper products…………………………… 89.0 102.8 105.3 87.1 84.0 90.1 100.0 100.0 100.0 100.0 100.0 105.1 101.0 102.3 102.5 102.5 98.7 104.5 104.1 111.1 100.1 98.8 103.0 106.3 116.3 101.1 105.2 104.7 106.8 119.9 100.5 110.3 113.9 114.2 133.1 105.6 107.0 113.9 118.9 141.4 109.6 102.9 119.6 123.4 148.0 112.9 110.2 126.3 124.5 147.7 114.8 117.4 125.3 127.3 151.1 116.6 323 3231 324 3241 325 Printing and related support activities……………… Printing and related support activities……………… Petroleum and coal products………………………… Petroleum and coal products………………………… Chemicals……………………………………………… 97.6 97.6 71.1 71.1 85.9 97.5 97.5 75.4 75.4 86.9 100.0 100.0 100.0 100.0 100.0 100.6 100.6 102.2 102.2 99.9 102.8 102.8 107.1 107.1 103.5 104.6 104.6 113.5 113.5 106.6 105.3 105.3 112.1 112.1 105.3 110.2 110.2 118.0 118.0 114.2 111.1 111.1 119.2 119.2 118.4 114.5 114.5 123.4 123.4 125.8 119.5 119.5 123.8 123.8 134.1 121.1 121.1 122.8 122.8 137.5 3251 3252 3253 3254 3255 Basic chemicals……………………………………… Resin, rubber, and artificial fibers…………………… Agricultural chemicals………………………………… Pharmaceuticals and medicines…………………… Paints, coatings, and adhesives…………………… 94.6 77.4 80.4 87.3 89.3 93.4 76.4 85.8 91.3 87.1 100.0 100.0 100.0 100.0 100.0 102.7 106.0 98.8 93.8 100.1 115.7 109.8 87.4 95.7 100.3 117.5 109.8 92.1 95.6 100.8 108.8 106.2 90.0 99.5 105.6 123.8 123.1 99.2 97.4 108.9 136.0 122.2 108.4 101.5 115.2 154.4 121.9 117.4 104.1 119.1 165.2 130.5 132.5 110.0 120.8 169.3 134.9 130.7 115.0 115.4 3256 3259 326 3261 3262 Soap, cleaning compounds, and toiletries………… Other chemical products and preparations………… Plastics and rubber products………………………… Plastics products……………………………………… Rubber products……………………………………… 84.4 75.4 80.9 83.1 75.5 84.8 77.8 84.7 85.2 83.5 100.0 100.0 100.0 100.0 100.0 98.0 99.2 103.2 104.2 99.4 93.0 109.3 107.9 109.9 100.2 102.8 119.7 110.2 112.3 101.7 106.0 110.4 112.3 114.6 102.3 124.1 120.8 120.8 123.8 107.1 118.2 123.0 126.0 129.5 111.0 135.3 121.3 128.7 131.9 114.4 153.1 123.5 132.6 135.6 118.7 162.9 118.1 132.8 133.8 124.9 327 3271 3272 3273 Nonmetallic mineral products………………………… Clay products and refractories……………………… Glass and glass products…………………………… Cement and concrete products……………………… 87.6 86.9 82.4 93.6 87.2 89.4 79.1 96.6 100.0 100.0 100.0 100.0 103.7 101.2 101.3 105.1 104.3 102.7 106.7 105.9 102.5 102.9 108.1 101.6 100.0 98.4 102.9 98.0 104.6 99.7 107.5 102.4 111.2 103.5 115.3 108.3 108.7 109.2 113.8 102.8 115.3 114.6 123.1 106.5 114.6 111.9 132.9 103.1 Utilities Manufacturing Monthly Labor Review • July 2008 50. Continued - Annual indexes of output per hour for selected NAICS industries, 1987-2006 [1997=100] NAICS 1987 1990 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 3274 3279 331 3311 3312 Lime and gypsum products…………………………… Other nonmetallic mineral products………………… Primary metals………………………………………… Iron and steel mills and ferroalloy production……… Steel products from purchased steel………………… Industry 88.2 83.0 81.0 64.8 79.7 85.4 79.5 84.7 70.2 84.4 100.0 100.0 100.0 100.0 100.0 114.9 99.0 102.0 101.3 100.6 104.4 95.6 102.8 104.8 93.8 98.5 96.6 101.3 106.0 96.4 101.8 98.6 101.0 104.4 97.9 99.0 106.9 115.2 125.1 96.8 107.1 113.6 118.2 130.4 93.9 104.7 110.6 132.0 164.9 88.6 119.3 118.9 135.5 163.1 90.8 116.5 116.3 134.3 163.5 86.1 3313 3314 3315 332 3321 Alumina and aluminum production………………… Other nonferrous metal production………………… Foundries……………………………………………… Fabricated metal products…………………………… Forging and stamping………………………………… 90.5 96.8 81.4 87.3 85.4 90.7 96.3 86.5 87.1 89.0 100.0 100.0 100.0 100.0 100.0 101.5 111.3 101.2 101.3 103.5 103.5 108.4 104.5 103.0 110.9 96.6 102.3 103.6 104.8 121.1 96.2 99.5 107.4 104.8 120.7 124.5 107.6 116.7 110.9 125.0 126.8 120.6 116.3 114.4 133.1 137.3 123.1 123.9 113.4 142.0 154.4 122.3 128.6 116.9 147.6 151.7 115.7 131.8 119.7 152.7 3322 3323 3324 3325 3326 Cutlery and handtools………………………………… Architectural and structural metals………………… Boilers, tanks, and shipping containers…………… Hardware……………………………………………… Spring and wire products…………………………… 86.3 88.7 86.0 88.7 82.2 85.4 87.9 90.1 84.8 85.2 100.0 100.0 100.0 100.0 100.0 99.9 100.9 100.0 100.5 110.6 108.0 102.0 96.5 105.2 111.4 105.9 100.6 94.2 114.3 112.6 110.3 101.6 94.4 113.5 111.9 113.4 106.0 98.9 115.5 125.7 113.2 108.8 101.6 125.4 135.3 107.6 105.4 93.6 126.0 133.8 114.1 109.2 95.7 131.8 143.2 116.6 113.5 96.6 131.1 140.6 3327 3328 3329 333 3331 Machine shops and threaded products……………… Coating, engraving, and heat treating metals……… Other fabricated metal products……………………… Machinery……………………………………………… Agriculture, construction, and mining machinery… 76.9 75.5 91.0 82.3 74.6 79.2 81.3 86.5 87.7 83.3 100.0 100.0 100.0 100.0 100.0 99.6 100.9 101.9 102.9 103.3 104.2 101.0 99.6 104.7 94.3 108.2 105.5 99.9 111.5 100.3 108.8 107.3 96.7 109.0 100.3 114.8 116.1 106.5 116.6 103.7 115.7 118.3 111.6 125.2 116.1 114.6 125.3 111.2 127.0 125.4 116.3 136.5 112.5 134.1 129.4 117.1 135.5 117.7 137.4 129.1 3332 3333 3334 3335 3336 Industrial machinery…………………………………… Commercial and service industry machinery……… HVAC and commercial refrigeration equipment…… Metalworking machinery……………………………… Turbine and power transmission equipment……… 75.1 87.0 84.0 85.1 80.2 81.6 95.7 90.6 86.5 85.9 100.0 100.0 100.0 100.0 100.0 95.1 106.3 106.2 99.1 105.0 105.8 110.0 110.2 100.3 110.8 130.0 101.3 107.9 106.1 114.9 105.8 94.5 110.8 103.3 126.9 117.6 97.8 118.6 112.7 130.7 117.0 104.7 130.0 115.2 143.0 126.5 106.5 132.8 117.1 126.4 122.4 115.1 137.1 127.3 132.5 135.3 122.3 133.4 128.3 128.5 3339 334 3341 3342 3343 Other general purpose machinery…………………… Computer and electronic products…………………… Computer and peripheral equipment………………… Communications equipment………………………… Audio and video equipment………………………… 83.5 30.1 11.9 39.8 61.7 86.8 34.5 14.7 48.4 77.0 100.0 100.0 100.0 100.0 100.0 103.7 118.4 140.4 107.1 105.4 106.0 149.5 195.9 135.4 119.6 113.7 181.8 235.0 164.1 126.3 110.5 181.4 252.2 152.9 128.4 117.9 188.0 297.4 128.2 150.1 128.1 217.2 373.4 143.1 171.0 127.1 244.3 415.1 148.4 239.3 138.4 259.6 543.3 143.7 230.2 143.8 282.2 715.7 178.2 240.7 3344 3345 3346 335 3351 Semiconductors and electronic components……… Electronic instruments………………………………… Magnetic media manufacturing and reproduction… Electrical equipment and appliances………………… Electric lighting equipment…………………………… 19.8 70.2 85.7 75.5 91.1 21.9 78.5 83.7 76.2 88.2 100.0 100.0 100.0 100.0 100.0 125.8 102.3 106.4 103.9 104.4 173.9 106.7 108.9 106.6 102.7 232.2 116.7 105.8 111.5 102.0 230.0 119.3 99.8 111.4 106.7 263.1 118.1 110.4 113.3 112.4 321.6 125.3 126.1 117.2 111.4 360.0 145.4 142.6 123.3 122.7 381.6 146.6 142.1 130.0 130.3 380.4 150.6 137.7 129.4 136.7 3352 3353 3359 336 3361 Household appliances………………………………… Electrical equipment…………………………………… Other electrical equipment and components……… Transportation equipment…………………………… Motor vehicles………………………………………… 73.3 68.7 78.8 81.6 75.4 76.5 73.6 76.1 83.1 85.6 100.0 100.0 100.0 100.0 100.0 105.2 100.2 105.8 109.7 113.4 104.0 98.7 114.7 118.0 122.6 117.2 99.4 119.7 109.4 109.7 124.6 101.0 113.1 113.6 110.0 132.3 101.8 114.0 127.4 126.0 146.7 103.4 116.2 137.5 140.7 159.6 110.8 115.6 134.9 142.1 164.5 118.5 121.6 140.9 148.4 173.2 118.1 115.7 142.4 163.8 3362 3363 3364 3365 3366 Motor vehicle bodies and trailers…………………… Motor vehicle parts…………………………………… Aerospace products and parts……………………… Railroad rolling stock………………………………… Ship and boat building………………………………… 85.0 78.7 87.2 55.6 95.5 75.9 76.0 89.1 77.6 99.6 100.0 100.0 100.0 100.0 100.0 102.9 104.9 119.1 103.3 99.3 103.1 110.0 120.8 116.5 112.0 98.8 112.3 103.4 118.5 121.9 88.7 114.8 115.7 126.1 121.5 105.4 130.5 118.6 146.1 131.0 109.8 137.0 119.0 139.8 133.9 110.7 138.0 113.2 131.5 138.7 114.2 144.1 125.0 137.3 131.7 110.9 143.7 117.9 148.0 127.3 3369 337 3371 3372 3379 Other transportation equipment……………………… Furniture and related products……………………… Household and institutional furniture………………… Office furniture and fixtures…………………………… Other furniture related products……………………… 73.7 84.8 85.2 85.8 86.3 62.9 85.9 88.2 82.2 88.9 100.0 100.0 100.0 100.0 100.0 111.5 102.0 102.2 100.0 106.9 113.8 101.6 103.1 98.2 102.0 132.4 101.4 101.9 100.2 99.5 140.2 103.4 105.5 98.0 105.0 150.9 112.6 111.8 115.9 110.2 163.0 117.0 114.7 125.2 110.0 168.3 118.4 113.6 130.7 121.3 184.1 125.0 120.8 134.9 128.3 197.8 127.8 124.0 134.4 130.8 339 3391 3399 Miscellaneous manufacturing………………………… Medical equipment and supplies…………………… Other miscellaneous manufacturing………………… 81.1 76.3 85.4 87.0 82.9 90.5 100.0 100.0 100.0 105.2 109.0 102.1 107.8 111.1 105.0 114.7 115.5 113.6 116.6 120.7 111.8 124.2 129.1 118.0 132.7 138.9 124.7 134.9 139.5 128.6 144.6 148.5 137.8 149.8 152.8 143.2 42 423 4231 4232 4233 4234 Wholesale trade……………………………………… 73.2 Durable goods………………………………………… 62.3 Motor vehicles and parts……………………………… 74.5 Furniture and furnishings…………………………… 80.5 Lumber and construction supplies…………………… 109.1 Commercial equipment……………………………… 28.0 79.9 67.5 78.6 90.1 108.4 34.2 100.0 100.0 100.0 100.0 100.0 100.0 103.4 107.1 106.4 99.9 105.4 125.6 111.2 119.2 120.4 102.3 109.3 162.2 116.6 125.1 116.7 112.5 107.7 182.2 117.7 129.0 120.0 110.7 116.6 218.4 123.3 140.2 133.4 116.0 123.9 265.2 127.5 146.7 137.6 123.9 133.0 299.5 134.3 161.5 143.5 130.0 139.4 353.2 135.2 167.3 146.7 127.2 140.2 401.0 141.1 175.8 165.7 136.6 136.7 441.1 4235 4236 4237 4238 4239 424 Metals and minerals…………………………………… 101.7 Electric goods………………………………………… 42.8 82.2 Hardware and plumbing……………………………… Machinery and supplies……………………………… 74.1 Miscellaneous durable goods………………………… 89.8 Nondurable goods…………………………………… 91.0 103.1 50.3 88.0 81.5 90.5 98.9 100.0 100.0 100.0 100.0 100.0 100.0 100.9 105.9 101.8 104.3 100.8 99.1 94.0 127.5 104.4 102.9 113.7 100.8 93.9 152.8 103.7 105.5 114.7 105.1 94.4 147.6 100.5 102.9 116.8 105.1 96.3 159.5 102.6 100.3 124.6 105.8 97.4 165.7 103.9 103.4 119.6 110.5 106.3 194.1 107.3 112.4 135.0 113.6 103.2 204.1 104.9 118.8 133.5 114.3 99.9 225.6 105.8 123.3 119.8 117.4 Wholesale trade Monthly Labor Review • July 2008 117 Current Labor Statistics: Productivity Data 50. Continued - Annual indexes of output per hour for selected NAICS industries, 1987-2006 [1997=100] NAICS 118 Industry 1987 1990 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 85.6 70.7 86.3 87.9 81.6 81.0 80.6 99.3 96.2 79.4 100.0 100.0 100.0 100.0 100.0 98.4 94.2 103.6 101.1 94.3 100.1 93.1 105.1 101.0 101.6 100.9 85.9 108.8 102.4 105.1 104.6 84.9 115.2 101.9 102.1 116.6 89.8 122.8 98.6 98.1 119.7 100.2 125.9 104.9 98.2 130.9 105.8 131.0 104.1 109.1 139.0 112.3 140.4 104.3 108.2 137.2 119.8 149.9 105.1 120.9 4246 4247 4248 4249 425 4251 Chemicals……………………………………………… 90.4 Petroleum……………………………………………… 84.4 Alcoholic beverages…………………………………… 99.3 Miscellaneous nondurable goods…………………… 111.2 Electronic markets and agents and brokers………… 64.3 Electronic markets and agents and brokers………… 64.3 101.1 109.8 110.0 109.0 74.3 74.3 100.0 100.0 100.0 100.0 100.0 100.0 97.1 88.5 106.5 105.4 102.4 102.4 93.3 102.9 105.6 106.8 112.4 112.4 87.9 138.1 108.4 115.0 120.1 120.1 85.3 140.6 106.4 111.9 110.7 110.7 89.1 153.6 106.8 106.1 109.8 109.8 92.2 151.1 107.9 109.8 104.1 104.1 91.2 163.2 103.1 120.7 97.0 97.0 87.9 152.5 104.8 124.2 87.3 87.3 89.0 157.7 107.5 126.8 93.6 93.6 44-45 441 4411 4412 4413 Retail trade…………………………………………… Motor vehicle and parts dealers……………………… Automobile dealers…………………………………… Other motor vehicle dealers………………………… Auto parts, accessories, and tire stores…………… 79.1 78.3 79.2 70.6 71.8 81.4 82.7 84.1 69.7 79.0 100.0 100.0 100.0 100.0 100.0 105.7 106.4 106.5 109.6 105.1 112.7 115.1 116.3 114.8 107.6 116.1 114.3 113.7 115.3 108.4 120.1 116.0 115.5 124.6 101.3 125.6 119.9 117.2 133.6 107.7 131.6 124.3 119.5 133.8 115.1 137.9 127.3 124.7 143.3 110.1 141.5 127.0 123.8 135.1 115.9 148.5 129.8 126.8 136.3 115.8 442 4421 4422 443 444 Furniture and home furnishings stores……………… Furniture stores………………………………………… Home furnishings stores……………………………… Electronics and appliance stores…………………… Building material and garden supply stores………… 75.1 77.3 71.3 38.0 75.8 79.0 84.8 71.0 47.7 79.5 100.0 100.0 100.0 100.0 100.0 104.1 104.3 104.1 122.6 107.4 110.8 107.5 115.2 150.6 113.8 115.9 112.0 121.0 173.7 113.3 122.4 119.7 126.1 196.7 116.8 129.3 125.2 134.9 233.5 120.8 134.6 128.8 142.6 292.7 127.1 146.7 139.2 156.8 334.1 134.5 151.4 143.4 161.9 369.6 134.9 162.6 155.5 172.6 416.2 143.6 4441 4442 445 4451 4452 Building material and supplies dealers……………… 77.6 Lawn and garden equipment and supplies stores… 66.9 Food and beverage stores…………………………… 110.8 Grocery stores………………………………………… 111.1 Specialty food stores………………………………… 138.5 81.6 69.0 107.4 106.9 127.2 100.0 100.0 100.0 100.0 100.0 108.3 102.3 99.9 99.6 100.5 115.3 105.5 101.9 102.5 96.4 115.1 103.1 101.0 101.1 98.5 116.7 118.4 103.8 103.3 108.2 121.3 118.3 104.7 104.8 105.3 127.5 125.7 107.2 106.7 112.2 134.0 140.1 112.9 112.2 120.3 134.9 135.6 118.3 117.1 127.7 142.9 150.1 122.1 119.2 153.3 4453 446 4461 447 4471 Beer, wine, and liquor stores………………………… Health and personal care stores…………………… Health and personal care stores…………………… Gasoline stations……………………………………… Gasoline stations……………………………………… 93.6 84.0 84.0 83.9 83.9 97.6 91.0 91.0 84.2 84.2 100.0 100.0 100.0 100.0 100.0 104.6 104.0 104.0 106.7 106.7 99.1 107.1 107.1 110.7 110.7 105.7 112.2 112.2 107.7 107.7 107.1 116.2 116.2 112.9 112.9 110.1 122.9 122.9 125.1 125.1 117.0 129.5 129.5 119.9 119.9 127.8 134.3 134.3 122.2 122.2 141.8 133.2 133.2 124.6 124.6 148.8 139.7 139.7 121.8 121.8 448 4481 4482 4483 451 Clothing and clothing accessories stores…………… Clothing stores………………………………………… Shoe stores…………………………………………… Jewelry, luggage, and leather goods stores……… Sporting goods, hobby, book, and music stores…… 66.3 67.1 65.3 64.5 74.9 69.8 70.0 70.8 68.1 82.3 100.0 100.0 100.0 100.0 100.0 106.3 108.7 94.2 108.7 107.9 114.0 114.2 104.9 122.5 114.0 123.5 125.0 110.0 130.5 121.1 126.4 130.3 111.5 123.9 127.1 131.3 136.0 125.2 118.7 127.6 138.9 141.8 132.5 132.9 131.5 139.1 140.9 124.8 144.3 151.1 147.8 153.1 132.9 139.0 164.8 163.3 169.9 149.3 148.8 175.3 4511 4512 452 4521 4529 Sporting goods and musical instrument stores…… Book, periodical, and music stores………………… General merchandise stores………………………… Department stores…………………………………… Other general merchandise stores………………… 73.2 78.9 73.5 87.2 54.8 82.2 82.3 75.1 83.9 61.2 100.0 100.0 100.0 100.0 100.0 111.5 101.0 105.3 100.4 114.7 119.8 103.2 113.4 104.5 131.0 129.4 105.8 120.2 106.2 147.3 134.5 113.0 124.8 103.8 164.7 136.0 111.6 129.1 102.0 179.3 141.1 113.7 136.9 106.8 188.8 166.0 123.6 140.7 109.0 192.9 181.7 133.7 145.0 109.9 199.7 203.1 124.9 152.3 113.1 210.4 453 4531 4532 4533 4539 Miscellaneous store retailers………………………… Florists………………………………………………… Office supplies, stationery and gift stores…………… Used merchandise stores…………………………… Other miscellaneous store retailers………………… 65.1 77.6 61.4 64.5 68.3 69.5 73.3 66.4 70.4 75.0 100.0 100.0 100.0 100.0 100.0 108.9 102.3 111.5 119.1 105.3 111.3 116.2 119.2 113.4 103.0 114.1 115.2 127.3 116.5 104.4 112.6 102.7 132.3 121.9 96.9 119.1 113.8 141.5 142.0 94.4 126.1 108.9 153.9 149.7 99.9 130.8 103.4 172.8 152.6 96.9 142.0 120.6 187.9 159.5 103.5 159.3 125.3 215.5 166.6 118.5 454 4541 4542 4543 Nonstore retailers……………………………………… Electronic shopping and mail-order houses………… Vending machine operators………………………… Direct selling establishments………………………… 50.7 39.4 95.5 70.8 54.7 43.4 95.1 74.1 100.0 100.0 100.0 100.0 114.3 120.2 106.3 101.9 128.9 142.6 105.4 104.2 152.2 160.2 111.1 122.5 163.6 179.6 95.7 127.9 182.1 212.7 91.2 135.0 195.5 243.6 102.3 127.0 215.5 273.0 110.5 130.3 218.4 285.2 105.1 121.5 256.3 337.1 110.7 135.6 481 482111 48412 48421 491 4911 Air transportation……………………………………… 81.1 Line-haul railroads…………………………………… 58.9 General freight trucking, long-distance……………… 85.7 Used household and office goods moving………… 106.7 U.S. Postal service…………………………………… 90.9 U.S. Postal service…………………………………… 90.9 77.5 69.8 89.2 112.6 94.2 94.2 100.0 100.0 100.0 100.0 100.0 100.0 97.6 102.1 99.4 91.0 101.6 101.6 98.2 105.5 99.1 96.1 102.8 102.8 98.1 114.3 101.9 94.8 105.5 105.5 91.9 121.9 103.2 84.0 106.3 106.3 102.1 131.9 107.0 81.6 106.4 106.4 112.8 142.0 110.7 86.2 107.8 107.8 126.9 146.4 110.7 88.6 110.0 110.0 135.5 138.4 113.2 88.3 111.2 111.2 142.5 142.8 112.3 87.0 111.3 111.3 492 493 4931 49311 49312 Couriers and messengers…………………………… 148.3 Warehousing and storage…………………………… Warehousing and storage…………………………… General warehousing and storage………………… Refrigerated warehousing and storage……………… 138.5 - 100.0 100.0 100.0 100.0 100.0 112.6 106.4 106.4 112.1 97.9 117.6 107.7 107.7 112.9 103.4 121.9 109.3 109.3 115.8 95.4 123.4 115.3 115.3 126.3 85.4 131.1 122.1 122.1 136.1 87.2 134.0 124.8 124.8 138.9 92.3 126.8 122.5 122.5 131.0 99.3 125.1 124.9 124.9 132.2 97.5 128.6 122.3 122.3 127.9 88.5 511 5111 Publishing industries, except internet 64.1 Newspaper, book, and directory publishers………… 105.0 67.1 95.5 100.0 100.0 116.1 103.9 116.3 104.1 117.1 107.7 116.6 105.8 117.2 104.7 126.4 109.5 130.7 106.6 136.5 107.6 142.7 110.8 4241 4242 4243 4244 4245 Paper and paper products…………………………… Druggists' goods……………………………………… Apparel and piece goods…………………………… Grocery and related products………………………… Farm product raw materials………………………… Retail trade Transportation and warehousing Information Monthly Labor Review • July 2008 50. Continued - Annual indexes of output per hour for selected NAICS industries, 1987-2006 [1997=100] NAICS 1987 1990 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 5112 51213 515 5151 5152 Software publishers…………………………………… 10.2 Motion picture and video exhibition………………… 90.7 Broadcasting, except internet………………………… 99.5 Radio and television broadcasting…………………… 98.1 Cable and other subscription programming………… 105.6 Industry 28.5 109.2 98.2 97.7 100.3 100.0 100.0 100.0 100.0 100.0 134.8 99.8 100.8 91.5 136.2 129.2 101.8 102.9 92.6 139.1 119.2 106.5 103.6 92.1 141.2 117.4 101.6 99.2 89.6 128.1 122.1 99.8 104.0 95.1 129.8 138.1 100.4 107.9 94.6 146.0 160.6 103.6 112.5 96.6 158.7 173.7 102.4 117.7 100.9 164.6 177.0 105.7 125.5 109.5 169.9 5171 5172 5175 Wired telecommunications carriers………………… 56.9 Wireless telecommunications carriers……………… 75.6 Cable and other program distribution……………… 105.2 66.0 70.4 100.0 100.0 100.0 100.0 107.7 110.5 97.1 116.7 145.2 95.8 122.7 152.8 91.6 116.7 191.9 87.7 124.1 217.9 95.0 130.5 242.6 101.3 131.7 292.2 113.8 138.2 381.9 110.6 146.2 435.9 110.6 52211 Commercial banking………………………………… 72.8 80.7 100.0 97.0 99.8 102.7 99.6 102.1 103.6 108.4 108.5 114.2 92.7 60.3 77.0 90.8 68.5 97.1 100.0 100.0 100.0 100.1 115.4 113.2 112.2 120.9 129.4 112.3 121.7 134.9 111.1 113.5 133.3 114.6 114.0 130.3 121.1 115.8 148.5 118.2 136.6 154.5 110.2 145.1 144.2 111.8 162.2 176.4 82.9 90.0 90.2 95.9 98.1 76.2 93.8 99.4 107.9 95.9 100.0 100.0 100.0 100.0 100.0 107.6 111.4 98.2 89.2 124.8 105.8 106.8 98.0 97.9 109.8 100.9 107.6 102.0 107.5 108.9 94.4 111.0 100.1 106.9 102.2 111.4 107.6 100.5 113.1 97.6 110.0 112.6 100.5 121.1 104.1 99.9 118.3 107.8 133.4 93.0 103.6 120.8 115.4 131.5 93.5 99.7 119.1 116.2 132.8 95.3 89.3 75.1 94.6 94.3 100.0 100.0 100.0 86.8 111.4 95.3 93.2 115.5 98.6 89.8 119.4 101.0 99.6 115.2 102.1 116.8 127.6 105.6 115.4 147.2 118.8 119.8 167.2 116.6 115.9 182.4 121.5 122.9 189.9 115.6 - - 100.0 100.0 100.0 118.8 117.2 121.4 124.7 121.4 129.7 131.9 127.4 139.9 135.3 127.7 148.3 137.6 123.1 163.3 140.8 128.6 160.0 140.8 130.7 153.5 137.9 126.0 154.0 140.1 128.2 156.3 Finance and insurance Real estate and rental and leasing 532111 53212 53223 Passenger car rental………………………………… Truck, trailer, and RV rental and leasing…………… Video tape and disc rental…………………………… 541213 54131 54133 54181 541921 Tax preparation services……………………………… Architectural services………………………………… Engineering services………………………………… Advertising agencies………………………………… Photography studios, portrait………………………… 56131 56151 56172 Employment placement agencies…………………… Travel agencies……………………………………… Janitorial services……………………………………… 6215 621511 621512 Medical and diagnostic laboratories………………… Medical laboratories…………………………………… Diagnostic imaging centers…………………………… 71311 71395 Amusement and theme parks……………………… Bowling centers……………………………………… 112.0 106.0 112.5 94.0 100.0 100.0 110.5 89.9 105.2 89.4 106.0 93.4 93.0 94.3 106.5 96.4 113.2 102.4 101.4 107.9 109.9 106.1 97.7 110.6 7211 722 7221 7222 7223 7224 Traveler accommodation……………………………… 85.1 Food services and drinking places………………… 96.0 Full-service restaurants……………………………… 92.1 Limited-service eating places………………………… 96.5 Special food services………………………………… 89.9 Drinking places, alcoholic beverages……………… 136.7 81.9 102.4 99.4 103.6 99.8 123.3 100.0 100.0 100.0 100.0 100.0 100.0 100.1 101.0 100.9 101.2 100.6 99.7 105.6 100.9 100.8 100.4 105.2 98.8 111.8 103.5 103.0 102.0 115.0 100.6 107.6 103.8 103.6 102.5 115.3 97.6 112.1 104.4 104.4 102.7 114.9 102.9 114.4 106.3 104.2 105.4 117.6 118.6 120.4 107.0 104.8 106.8 118.0 112.2 115.0 108.2 105.6 107.8 119.2 121.1 111.8 110.9 108.6 111.2 116.4 124.2 8111 81211 81221 8123 81292 Automotive repair and maintenance………………… 85.9 Hair, nail, and skin care services…………………… 83.5 Funeral homes and funeral services………………… 103.7 Drycleaning and laundry services…………………… 97.1 95.8 Photofinishing………………………………………… 89.9 82.1 98.4 94.8 107.7 100.0 100.0 100.0 100.0 100.0 103.6 108.6 106.8 100.1 69.3 106.1 108.6 103.3 105.0 76.3 109.4 108.2 94.8 107.6 73.8 108.9 114.6 91.8 110.9 81.2 103.7 110.4 94.6 112.5 100.5 104.1 119.7 95.7 103.8 100.5 112.0 125.0 92.9 110.6 102.0 111.9 129.9 93.2 120.5 112.4 112.8 122.3 99.7 119.6 114.4 Professional and technical services Administrative and waste services Health care and social assistance Arts, entertainment, and recreation Accommodation and food services Other services NOTE: Dash indicates data are not available. Monthly Labor Review • July 2008 119 Current Labor Statistics: International Comparisons 51. Unemployment rates, approximating U.S. concepts, 10 countries, seasonally adjusted [Percent] 2006 Country 2006 2007 I II 2007 III I II 2008 III IV I United States……… 4.6 4.6 4.7 4.7 4.7 4.4 4.5 4.5 4.7 4.8 Canada……………… 5.5 5.3 5.7 5.4 5.6 5.4 5.4 5.3 5.2 5.2 5.2 Australia…………… 4.8 4.4 5.0 4.9 4.7 4.5 4.5 4.3 4.3 4.3 4.1 Japan………………… 4.2 3.9 4.2 4.2 4.2 4.1 4.0 3.8 3.8 3.9 3.9 France……………… 9.5 8.6 9.8 9.7 9.5 9.2 9.0 8.8 8.5 8.2 8.1 Germany…………… 10.4 8.7 11.1 10.6 10.1 9.6 9.3 8.9 8.5 8.2 7.7 Italy………………… 6.9 6.1 7.3 6.9 6.7 6.4 6.3 6.1 6.0 6.0 - Netherlands………… 3.9 3.2 4.3 3.9 3.8 3.8 3.6 3.2 3.0 3.0 - Sweden……………… 7.0 6.1 7.3 7.3 6.7 6.5 6.4 6.1 5.8 5.9 5.8 United Kingdom…… 5.5 5.4 5.3 5.5 5.6 5.5 5.5 5.4 5.4 5.2 - NOTE: Dash indicates data not available. Quarterly figures for France, Germany, Italy, and the Netherlands are calculated by applying annual adjustment factors to current published data and therefore should be viewed as less precise indicators of unemployment under U.S. concepts than the annual figures. Quarterly figures for Sweden are BLS seasonally adjusted estimates derived from Swedish not seasonally adjusted data. For further qualifications and historical annual data, see the BLS report Comparative Civilian Labor Force Statistics, 10 Countries (on the 120 IV Monthly Labor Review • July 2008 4.9 Internet at http://www.bls.gov/fls/flscomparelf.htm ). For monthly unemployment rates, as well as the quarterly and annual rates published in this table, see the BLS report Unemployment rates in 10 countries, civilian labor force basis, approximating U.S. concepts, seasonally adjusted (on the Internet at http://www.bls.gov/fls/flsjec.pdf ). Unemployment rates may differ between the two reports mentioned, because the former is updated semi-annually, whereas the latter is updated monthly and reflects the most recent revisions in source data. 52. Annual data: employment status of the working-age population, approximating U.S. concepts, 10 countries [Numbers in thousands] Employment status and country 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 137,673 15,135 9,339 67,240 25,434 39,752 23,004 7,744 4,401 28,474 139,368 15,403 9,414 67,090 25,791 39,375 23,176 7,881 4,423 28,777 142,583 15,637 9,590 66,990 26,099 39,302 23,361 8,052 4,482 28,952 143,734 15,891 9,744 66,860 26,393 39,459 23,524 8,199 4,522 29,085 144,863 16,366 9,893 66,240 26,646 39,413 23,728 8,345 4,537 29,337 146,510 16,733 10,079 66,010 26,851 39,276 24,020 8,379 4,557 29,559 147,401 16,955 10,221 65,770 26,937 39,711 24,084 8,439 4,571 29,791 149,320 17,108 10,506 65,850 27,092 40,760 24,179 8,459 4,694 30,126 151,428 17,351 10,699 65,960 27,322 41,250 24,395 8,541 4,748 30,586 153,124 17,696 10,948 66,080 27,509 24,459 8,686 4,823 30,774 67.1 65.1 64.3 63.2 55.6 57.3 47.3 61.1 63.2 62.5 67.1 65.4 64.3 62.8 56.0 57.7 47.7 61.8 62.8 62.5 67.1 65.9 64.0 62.4 56.3 56.9 47.9 62.5 62.7 62.8 67.1 66.0 64.4 62.0 56.6 56.7 48.1 63.4 63.7 62.9 66.8 66.1 64.4 61.6 56.7 56.7 48.3 64.0 63.6 62.7 66.6 67.1 64.3 60.8 56.8 56.4 48.5 64.7 63.9 62.9 66.2 67.7 64.6 60.3 56.8 56.0 49.1 64.6 63.8 63.0 66.0 67.7 64.6 60.0 56.6 56.4 49.1 64.8 63.6 63.0 66.0 67.4 65.3 60.0 56.5 57.6 48.7 64.7 64.8 63.1 66.2 67.4 65.6 60.0 56.6 58.2 48.9 65.1 65.0 63.5 66.0 67.7 66.0 60.0 56.7 48.6 65.9 65.3 63.4 United States……………………………………………… 129,558 Canada…………………………………………………… 13,637 Australia…………………………………………………… 8,444 Japan……………………………………………………… 64,900 France…………………………………………………… 22,176 Germany………………………………………………… 35,508 Italy………………………………………………………… 20,169 Netherlands……………………………………………… 7,189 Sweden…………………………………………………… 3,969 United Kingdom………………………………………… 26,413 131,463 13,973 8,618 64,450 22,597 36,059 20,370 7,408 4,033 26,686 133,488 14,331 8,762 63,920 23,080 36,042 20,617 7,605 4,110 27,051 136,891 14,681 8,989 63,790 23,714 36,236 20,973 7,813 4,222 27,368 136,933 14,866 9,086 63,460 24,167 36,350 21,359 8,014 4,295 27,599 136,485 15,223 9,264 62,650 24,312 36,018 21,666 8,114 4,303 27,813 137,736 15,586 9,480 62,510 24,373 35,615 21,972 8,069 4,293 28,075 139,252 15,861 9,668 62,640 24,354 35,604 22,124 8,052 4,271 28,372 141,730 16,080 9,975 62,910 24,493 36,185 22,290 8,056 4,334 28,665 144,427 16,393 10,186 63,210 24,717 36,978 22,721 8,205 4,416 28,917 146,047 16,767 10,470 63,510 25,135 22,953 8,408 4,530 29,120 63.8 59.6 59.0 61.0 49.1 51.6 41.9 57.7 56.8 58.2 64.1 60.4 59.3 60.2 49.7 52.3 42.2 59.1 57.6 58.5 64.3 61.3 59.6 59.4 50.4 52.1 42.6 60.3 58.3 59.1 64.4 62.0 60.3 59.0 51.4 52.2 43.2 61.5 60.0 59.4 63.7 61.9 60.0 58.4 51.9 52.2 43.8 62.6 60.4 59.5 62.7 62.4 60.2 57.5 51.8 51.5 44.3 62.9 60.6 59.6 62.3 63.1 60.7 57.1 51.5 50.8 44.9 62.2 60.1 59.8 62.3 63.3 61.1 57.1 51.1 50.6 45.1 61.8 59.4 60.0 62.7 63.4 62.0 57.3 51.1 51.2 44.9 61.6 59.9 60.1 63.1 63.6 62.5 57.5 51.2 52.2 45.5 62.5 60.4 60.1 63.0 64.2 63.1 57.6 51.8 45.6 63.8 61.3 60.0 6,739 1,248 759 2,300 2,940 3,907 2,584 423 445 1,987 6,210 1,162 721 2,790 2,837 3,693 2,634 337 368 1,788 5,880 1,072 652 3,170 2,711 3,333 2,559 277 313 1,726 5,692 956 602 3,200 2,385 3,065 2,388 239 260 1,584 6,801 1,026 658 3,400 2,226 3,110 2,164 186 227 1,486 8,378 1,143 629 3,590 2,334 3,396 2,062 231 234 1,524 8,774 1,147 599 3,500 2,478 3,661 2,048 310 264 1,484 8,149 1,093 553 3,130 2,583 4,107 1,960 387 300 1,419 7,591 1,028 531 2,940 2,599 4,575 1,889 402 361 1,462 7,001 958 512 2,750 2,605 4,272 1,673 336 332 1,669 7,078 929 478 2,570 2,374 1,506 278 293 1,654 4.9 8.4 8.3 3.4 11.7 9.9 11.4 5.6 10.1 7.0 4.5 7.7 7.7 4.1 11.2 9.3 11.5 4.4 8.4 6.3 4.2 7.0 6.9 4.7 10.5 8.5 11.0 3.5 7.1 6.0 4.0 6.1 6.3 4.8 9.1 7.8 10.2 3.0 5.8 5.5 4.7 6.5 6.8 5.1 8.4 7.9 9.2 2.3 5.0 5.1 5.8 7.0 6.4 5.4 8.8 8.6 8.7 2.8 5.2 5.2 6.0 6.9 5.9 5.3 9.2 9.3 8.5 3.7 5.8 5.0 5.5 6.4 5.4 4.8 9.6 10.3 8.1 4.6 6.6 4.8 5.1 6.0 5.1 4.5 9.6 11.2 7.8 4.8 7.7 4.9 4.6 5.5 4.8 4.2 9.5 10.4 6.9 3.9 7.0 5.5 4.6 5.3 4.4 3.9 8.6 8.7 6.2 3.2 6.1 5.4 Civilian labor force United States……………………………………………… 136,297 Canada…………………………………………………… 14,884 Australia…………………………………………………… 9,204 Japan……………………………………………………… 67,200 France…………………………………………………… 25,116 Germany………………………………………………… 39,415 Italy………………………………………………………… 22,753 Netherlands……………………………………………… 7,612 Sweden…………………………………………………… 4,414 United Kingdom………………………………………… 28,401 Participation rate1 United States……………………………………………… Canada…………………………………………………… Australia…………………………………………………… Japan……………………………………………………… France…………………………………………………… Germany………………………………………………… Italy………………………………………………………… Netherlands……………………………………………… Sweden…………………………………………………… United Kingdom………………………………………… Employed Employment-population ratio2 United States……………………………………………… Canada…………………………………………………… Australia…………………………………………………… Japan……………………………………………………… France…………………………………………………… Germany………………………………………………… Italy………………………………………………………… Netherlands……………………………………………… Sweden…………………………………………………… United Kingdom………………………………………… Unemployed United States……………………………………………… Canada…………………………………………………… Australia…………………………………………………… Japan……………………………………………………… France…………………………………………………… Germany………………………………………………… Italy………………………………………………………… Netherlands……………………………………………… Sweden…………………………………………………… United Kingdom………………………………………… Unemployment rate United States……………………………………………… Canada…………………………………………………… Australia…………………………………………………… Japan……………………………………………………… France…………………………………………………… Germany………………………………………………… Italy………………………………………………………… Netherlands……………………………………………… Sweden…………………………………………………… United Kingdom………………………………………… 1 Labor force as a percent of the working-age population. 2 Employment as a percent of the working-age population. NOTE: Dash indicates data not available. There are breaks in series for the United States (1998, 1999, 2000, 2003, 2004), Australia (2001), Germany (1999, 2005), the Netherlands (2000), and Sweden (2005). For further qualifications and historical annual data, see the BLS report Comparative Civilian Labor Force Statistics, 10 Countries (on the Internet at http://www.bls.gov/fls/flscomparelf.htm). Unemployment rates may differ from those in the BLS report Unemployment rates in 10 countries, civilian labor force basis, approximating U.S. concepts, seasonally adjusted (on the Internet at http://www.bls.gov/fls/flsjec.pdf), because the former is updated semi-annually, whereas the latter is updated monthly and reflects the most recent revisions in source data. Monthly Labor Review • July 2008 121 Current Labor Statistics: International Comparisons 53. Annual indexes of manufacturing productivity and related measures, 16 economies [1992 = 100] Measure and economy 1980 1990 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Output per hour United States……………………… Canada………………………….…… Australia…………………….……… Japan………………………………… Korea…………………………..…… Taiwan……………………………… Belgium…………………………...… Denmark…………………………… France……………………………… Germany………………………...…… Italy……………………………...…… Netherlands…………………...…… Norway……………………………… Spain……………………………….. Sweden…………………………….. United Kingdom……………….…… 68.4 74.0 68.5 63.6 – 49.1 65.4 82.0 66.0 77.2 75.3 70.8 78.5 67.3 78.3 57.3 93.5 94.7 92.4 94.4 82.7 89.8 96.8 98.5 95.3 99.0 97.3 98.0 98.3 93.1 96.4 90.1 102.8 104.5 104.5 101.7 108.3 101.3 102.5 100.3 101.8 101.0 102.8 103.7 99.9 101.8 107.8 104.1 108.2 110.4 107.0 103.3 118.1 105.2 107.9 112.7 109.5 108.5 107.6 113.3 99.9 104.9 118.9 106.7 112.3 111.7 106.4 111.0 129.7 112.9 112.7 112.7 114.9 110.2 111.1 117.7 98.7 108.6 126.3 105.0 116.7 111.2 112.3 116.1 142.6 121.5 114.3 109.0 115.5 113.3 112.5 120.3 101.6 107.2 130.5 104.1 121.7 116.3 115.4 120.2 160.8 126.5 125.5 117.7 122.3 119.9 113.3 120.7 101.8 108.3 142.4 105.1 130.1 121.8 118.5 121.3 179.3 132.7 127.1 117.1 128.7 120.4 112.5 124.2 99.2 110.2 150.8 106.4 136.7 127.0 119.7 124.5 199.4 140.9 125.9 119.0 134.4 123.4 112.5 129.3 102.7 112.1 164.7 111.6 147.1 134.7 128.1 131.2 216.4 148.4 130.5 123.2 143.7 132.0 116.1 138.6 105.9 113.2 175.9 117.2 148.6 131.8 131.4 128.4 214.8 155.1 131.8 123.4 146.0 135.4 116.6 139.2 108.8 115.8 170.9 122.2 164.4 134.1 137.1 133.1 235.8 169.0 136.2 124.2 152.0 136.7 114.8 143.5 111.9 116.3 189.6 125.7 174.8 134.4 140.1 142.2 252.2 174.5 139.5 129.3 158.7 141.6 112.1 146.5 121.6 119.2 205.0 132.1 185.3 136.5 142.3 152.1 281.2 183.2 145.8 136.8 162.3 146.8 110.4 156.3 128.8 121.4 226.8 140.0 189.4 141.7 143.7 162.0 300.4 196.5 150.3 138.3 169.2 152.3 110.3 161.7 133.3 123.3 241.0 145.0 193.2 141.6 144.1 165.1 332.7 209.9 153.6 145.4 175.4 163.1 111.8 166.8 137.7 126.6 255.2 151.5 Output United States…………………..…… 73.6 Canada……………………………… 85.6 Australia……………………………… 89.8 Japan………………………………… 60.8 Korea………………………………… 28.6 Taiwan……………………………… 45.4 Belgium……………………………… 78.2 Denmark…………………………… 92.0 France……………………………… 88.3 Germany…………………………… 85.3 Italy…………………………………… 81.0 Netherlands………………………… 77.7 Norway……………………………… 105.7 Spain……………………………….. 78.6 Sweden……………………………… 92.4 United Kingdom…………………… 87.3 98.2 106.7 104.2 97.1 88.1 91.0 101.0 101.7 100.5 99.1 100.5 98.3 101.7 98.4 110.7 105.3 104.2 105.4 103.8 96.3 105.1 100.9 97.0 97.0 96.6 92.0 97.6 99.4 102.0 96.1 102.0 101.4 112.2 113.5 109.1 94.9 117.1 106.9 101.4 107.5 100.7 94.9 104.1 104.7 104.7 97.8 117.8 106.2 117.3 118.7 108.5 98.9 130.8 112.7 104.2 112.7 105.2 94.0 109.1 108.6 105.2 101.5 133.3 107.9 121.6 120.3 111.9 103.0 139.2 118.7 104.6 107.5 105.2 92.0 107.8 110.2 109.4 104.0 137.7 108.6 129.0 127.8 114.5 105.6 146.0 125.5 113.2 116.3 110.1 96.1 109.6 111.7 114.1 110.7 148.4 110.6 137.7 134.3 117.8 100.1 134.5 129.5 115.1 117.2 115.4 97.2 109.9 115.5 113.3 117.4 160.7 111.3 143.7 145.5 117.5 99.7 163.7 139.0 115.2 118.2 119.3 98.2 109.6 119.8 113.2 124.1 175.8 112.3 152.7 160.1 123.1 104.9 191.5 149.2 120.1 122.5 124.8 104.8 112.9 127.8 112.6 129.6 190.2 115.0 144.2 153.9 121.9 99.1 195.7 138.1 120.1 122.5 126.0 106.6 111.8 127.6 111.8 133.7 185.8 113.5 148.2 155.2 127.8 97.6 210.5 150.4 119.2 119.0 125.9 104.4 110.4 127.7 111.2 133.5 197.5 110.5 149.9 154.0 130.1 102.8 222.2 158.4 117.6 115.7 128.3 105.1 107.8 126.2 114.9 135.2 207.1 110.7 158.2 157.5 130.1 108.8 246.8 173.8 121.9 117.5 129.4 108.9 106.4 130.6 121.4 136.0 226.2 113.0 159.8 160.1 130.3 114.4 264.3 185.3 121.6 113.8 131.2 110.4 103.7 130.6 126.8 137.4 236.6 111.6 164.5 158.5 128.7 119.4 286.5 198.7 124.9 120.0 133.2 116.9 107.6 133.7 132.4 141.3 248.8 113.2 Total hours United States……………………… 107.6 Canada……………………………… 115.8 Australia……………………………… 131.1 Japan………………………………… 95.5 Korea………………………………… – Taiwan……………………………… 92.4 Belgium……………………………… 119.7 Denmark…………………………… 112.1 France……………………………… 133.8 Germany…………………………… 110.5 Italy…………………………………… 107.6 Netherlands………………………… 109.8 Norway……………………………… 134.7 Spain……………………………….. 116.7 Sweden……………………………… 118.0 United Kingdom…………………… 152.3 104.9 112.6 112.7 102.9 106.4 101.4 104.3 103.3 105.5 100.1 103.3 100.4 103.4 105.7 114.8 116.9 101.3 100.9 99.3 94.7 97.1 99.6 94.7 96.8 94.8 91.1 95.0 95.9 102.1 94.4 94.7 97.4 103.7 102.8 102.0 91.9 99.2 101.7 94.0 95.4 91.9 87.5 96.8 92.5 104.8 93.2 99.1 99.5 104.4 106.3 101.9 89.1 100.9 99.8 92.4 100.0 91.6 85.3 98.2 92.3 106.6 93.5 105.6 102.7 104.2 108.1 99.7 88.8 97.6 97.7 91.5 98.6 91.0 81.3 95.8 91.6 107.7 97.0 105.6 104.4 106.0 109.9 99.2 87.9 90.8 99.2 90.2 98.8 90.1 80.1 96.7 92.6 112.1 102.2 104.3 105.2 105.8 110.2 99.4 82.5 75.0 97.6 90.5 100.1 89.7 80.8 97.7 93.0 114.2 106.5 106.5 104.6 105.1 114.5 98.2 80.0 82.1 98.7 91.5 99.4 88.7 79.6 97.4 92.7 110.3 110.7 106.7 100.6 103.8 118.9 96.0 80.0 88.5 100.5 92.1 99.4 86.8 79.4 97.2 92.2 106.4 114.4 108.1 98.1 97.0 116.7 92.8 77.2 91.1 89.0 91.2 99.3 86.3 78.7 95.9 91.7 102.7 115.4 108.7 92.9 90.1 115.8 93.2 73.3 89.3 89.0 87.5 95.8 82.8 76.4 96.2 89.0 99.3 114.8 104.2 88.0 85.7 114.6 92.8 72.3 88.1 90.8 84.3 89.5 80.8 74.3 96.1 86.2 94.4 113.4 101.1 83.8 85.4 115.4 91.4 71.5 87.8 94.9 83.6 85.9 79.7 74.2 96.4 83.5 94.2 112.1 99.7 80.7 84.4 112.9 90.7 70.6 88.0 94.3 80.9 82.3 77.5 72.5 94.1 80.8 95.1 111.5 98.2 77.0 85.1 112.0 89.3 72.3 86.1 94.6 81.3 82.5 75.9 71.7 96.2 80.2 96.1 111.6 97.5 74.7 90.5 89.2 87.5 90.6 68.0 85.2 90.1 93.6 88.5 89.4 87.7 89.8 92.3 79.9 87.9 88.7 102.0 101.2 105.2 102.7 115.9 105.9 104.8 102.4 104.3 106.2 105.7 104.4 101.5 109.4 97.4 104.5 105.3 104.1 106.1 104.7 133.1 111.1 105.6 106.0 108.0 111.0 107.3 108.9 104.5 113.4 99.9 107.0 107.3 106.6 113.5 108.3 161.6 120.2 108.6 108.2 110.7 117.0 112.0 111.8 109.2 118.3 105.3 108.9 109.3 108.2 121.7 109.1 188.1 128.2 110.6 112.6 112.5 122.5 120.0 113.8 113.8 121.1 113.5 108.7 112.2 110.9 126.0 112.7 204.5 132.1 114.7 116.5 116.3 124.9 124.1 116.4 118.8 124.0 119.6 112.3 118.7 116.6 128.4 115.5 222.7 137.1 116.5 119.6 117.2 126.7 123.3 121.4 125.8 124.9 124.2 121.2 123.4 119.0 132.9 115.4 223.9 139.6 118.0 122.6 121.0 129.6 125.6 125.7 133.0 124.7 128.1 128.3 134.7 123.0 140.2 114.7 239.1 142.3 120.1 125.0 127.0 136.3 128.7 132.1 140.5 126.6 133.0 133.8 137.8 126.3 149.2 116.2 246.7 151.4 126.4 130.9 130.6 140.6 134.0 138.1 148.9 131.6 139.4 140.7 147.8 130.5 156.0 117.0 271.6 146.7 131.9 136.5 136.9 144.0 137.5 146.1 157.9 135.4 146.9 149.0 158.2 135.8 162.7 114.5 285.0 149.1 135.8 145.7 141.0 147.2 141.6 151.9 164.3 142.2 153.5 156.9 161.5 139.8 171.7 115.5 325.5 151.6 138.7 151.3 144.6 148.0 145.7 158.1 169.7 147.1 157.6 165.1 168.3 146.6 182.2 116.5 351.5 158.2 143.5 161.7 143.7 149.8 150.2 161.3 177.7 152.8 163.0 172.3 172.4 149.4 192.7 114.9 375.5 161.5 146.5 166.7 147.5 155.9 152.9 165.8 185.8 157.4 169.2 184.2 Hourly compensation (national currency basis) United States……………………… Canada……………………………… Australia……………………………… Japan………………………………… Korea………………………………… Taiwan……………………………… Belgium……………………………… Denmark…………………………… France……………………………… Germany…………………………… Italy…………………………………… Netherlands………………………… Norway……………………………… Spain……………………………….. Sweden……………………………… United Kingdom…………………… See notes at end of table. 122 55.9 47.4 – 58.6 – 29.6 52.5 44.5 36.7 53.6 30.6 59.8 39.0 28.0 37.4 35.8 Monthly Labor Review • July 2008 53. Continued— Annual indexes of manufacturing productivity and related measures, 16 economies Measure and economy 1980 1990 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Unit labor costs (national currency basis) United States……………………… 81.8 Canada……………………………… 64.1 Australia……………………………… – Japan………………………………… 92.1 Korea………………………………… 44.4 Taiwan……………………………… 60.3 Belgium……………………………… 80.3 Denmark…………………………… 54.3 France……………………………… 55.6 Germany…………………………… 69.4 Italy…………………………………… 40.7 Netherlands………………………… 84.5 Norway……………………………… 49.7 Spain……………………………….. 41.5 Sweden……………………………… 47.7 United Kingdom…………………… 62.4 96.7 94.2 94.6 95.9 82.1 94.9 93.0 95.0 92.8 90.3 90.2 91.7 93.9 85.8 91.2 98.5 99.2 96.9 100.6 101.0 107.0 104.6 102.3 102.2 102.4 105.2 102.9 100.7 101.6 107.4 90.4 100.4 97.3 94.3 99.2 101.4 112.7 105.6 97.9 94.1 98.6 102.4 99.8 96.2 104.6 108.1 84.0 100.2 95.5 95.4 106.6 97.6 124.6 106.5 96.4 96.0 96.3 106.2 100.8 95.0 110.7 108.9 83.4 103.7 93.7 97.3 108.4 94.0 131.9 105.5 96.8 103.3 97.4 108.2 106.6 94.6 112.0 112.9 87.0 104.4 92.2 95.4 109.2 93.8 127.1 104.5 91.4 98.9 95.0 104.2 109.5 96.5 116.7 114.5 84.0 106.8 91.2 95.7 108.4 95.2 124.2 103.4 91.6 102.1 91.0 105.2 109.6 97.7 126.7 113.4 82.3 113.9 90.3 93.7 111.0 92.7 112.3 99.1 93.7 103.0 90.0 105.1 111.7 97.3 129.5 111.2 77.7 115.0 91.6 91.3 109.4 87.4 110.5 95.9 92.0 101.4 88.4 103.3 110.9 95.3 132.7 111.8 75.6 114.2 92.7 95.8 113.6 90.5 114.8 97.6 95.9 106.1 89.4 103.8 114.9 99.2 136.8 113.6 81.6 115.1 89.9 97.4 113.8 87.9 115.2 86.8 96.9 109.9 90.1 105.3 119.8 101.8 141.0 116.4 77.5 118.6 90.5 101.0 116.1 80.5 113.0 85.5 97.3 112.7 88.9 104.0 126.3 103.7 135.1 119.3 74.9 118.8 87.2 102.4 120.7 76.0 115.8 82.7 95.1 110.6 89.1 100.8 132.0 101.2 131.7 121.2 69.5 117.9 88.9 103.4 126.8 71.9 117.0 80.5 95.5 116.9 85.0 98.3 136.2 99.8 133.3 124.0 67.7 118.8 89.3 105.5 133.7 69.6 112.8 76.9 95.4 114.6 84.1 95.6 136.7 99.4 134.9 124.3 66.3 121.6 Unit labor costs (U.S. dollar basis) United States……………………… 81.8 Canada……………………………… 66.3 Australia……………………………… – Japan………………………………… 51.5 Korea………………………………… 57.3 Taiwan……………………………… 42.1 Belgium……………………………… 88.3 Denmark…………………………… 58.1 France……………………………… 69.6 Germany…………………………… 59.6 Italy…………………………………… 58.5 Netherlands………………………… 74.8 Norway……………………………… 62.6 Spain……………………………….. 59.3 Sweden……………………………… 65.7 United Kingdom…………………… 82.2 96.7 97.5 100.5 83.9 90.7 88.7 89.5 92.7 90.2 87.3 92.7 88.5 93.3 86.2 89.7 99.5 99.2 90.7 93.0 115.3 104.2 99.6 95.1 95.1 95.7 99.3 80.6 95.2 88.9 86.3 67.5 85.3 97.3 83.4 98.7 125.8 109.6 100.4 94.2 89.4 94.1 98.6 76.3 93.0 92.1 82.6 63.4 86.9 95.5 84.0 107.4 131.7 126.5 101.1 105.2 103.5 102.2 115.8 76.2 104.1 108.6 89.5 68.0 92.7 93.7 86.3 115.4 109.5 128.6 96.7 100.4 107.6 100.7 112.3 85.2 98.6 107.7 91.3 75.6 92.3 92.2 83.2 110.4 98.3 105.3 91.3 82.1 90.4 86.2 93.8 79.2 86.9 102.3 80.0 64.0 99.0 91.2 77.9 92.7 92.2 69.6 77.5 81.1 92.0 81.7 93.4 77.7 86.6 104.3 77.7 60.3 106.9 90.3 76.2 97.5 103.3 74.0 77.2 79.6 89.0 77.4 89.4 75.7 82.7 103.1 72.9 54.7 105.3 91.6 74.3 86.5 102.8 76.7 77.2 67.7 75.6 65.8 76.2 65.1 70.2 93.6 63.5 48.0 98.0 92.7 74.8 79.8 94.3 69.7 72.6 68.4 76.9 64.6 74.2 65.5 70.9 94.5 62.6 46.0 93.8 89.9 74.9 84.1 89.0 72.3 63.2 73.0 84.2 68.7 79.5 72.1 76.8 109.8 67.7 46.4 100.9 90.5 87.2 103.0 88.0 74.4 62.5 87.8 103.4 81.2 94.0 91.0 93.7 118.6 83.1 54.0 109.9 87.2 95.1 120.9 89.0 79.3 62.4 94.3 111.5 89.5 100.1 104.5 100.4 121.4 92.8 55.1 122.4 88.9 103.2 131.5 82.8 89.7 63.0 94.7 117.7 85.4 97.8 107.9 99.1 128.6 95.0 52.8 122.5 89.3 112.4 137.0 75.8 92.8 59.5 95.5 116.5 85.3 95.9 109.3 99.7 130.8 96.1 52.4 126.9 NOTE: Data for Germany for years before 1993 are for the former West Germany. Data for 1993 onward are for unified Germany. Dash indicates data not available. Monthly Labor Review • July 2008 123 Current Labor Statistics: Injury and Illness Data 54. Occupational injury and illness rates by industry, 1 United States Industry and type of case Incidence rates per 100 full-time workers 3 2 1989 1 1990 1991 1992 1993 4 1994 4 1995 4 1996 4 1997 4 1998 4 1999 4 2000 4 2001 4 5 PRIVATE SECTOR 8.6 4.0 78.7 8.8 4.1 84.0 8.4 3.9 86.5 8.9 3.9 93.8 8.5 3.8 – 8.4 3.8 – 8.1 3.6 – 7.4 3.4 – 7.1 3.3 – 6.7 3.1 – 6.3 3.0 – 6.1 3.0 – 5.7 2.8 – Agriculture, forestry, and fishing Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 10.9 5.7 100.9 11.6 5.9 112.2 10.8 5.4 108.3 11.6 5.4 126.9 11.2 5.0 – 10.0 4.7 – 9.7 4.3 – 8.7 3.9 – 8.4 4.1 – 7.9 3.9 – 7.3 3.4 – 7.1 3.6 – 7.3 3.6 – Mining Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 8.5 4.8 137.2 8.3 5.0 119.5 7.4 4.5 129.6 7.3 4.1 204.7 6.8 3.9 – 6.3 3.9 – 6.2 3.9 – 5.4 3.2 – 5.9 3.7 – 4.9 2.9 – 4.4 2.7 – 4.7 3.0 – 4.0 2.4 – Construction Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 14.3 6.8 143.3 14.2 6.7 147.9 13.0 6.1 148.1 13.1 5.8 161.9 12.2 5.5 – 11.8 5.5 – 10.6 4.9 – 9.9 4.5 – 9.5 4.4 – 8.8 4.0 – 8.6 4.2 – 8.3 4.1 – 7.9 4.0 – General building contractors: Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 13.9 6.5 137.3 13.4 6.4 137.6 12.0 5.5 132.0 12.2 5.4 142.7 11.5 5.1 – 10.9 5.1 – 9.8 4.4 – 9.0 4.0 – 8.5 3.7 – 8.4 3.9 – 8.0 3.7 – 7.8 3.9 – 6.9 3.5 – Heavy construction, except building: Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 13.8 6.5 147.1 13.8 6.3 144.6 12.8 6.0 160.1 12.1 5.4 165.8 11.1 5.1 – 10.2 5.0 – 9.9 4.8 – 9.0 4.3 – 8.7 4.3 – 8.2 4.1 – 7.8 3.8 – 7.6 3.7 – 7.8 4.0 – Special trades contractors: Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 14.6 6.9 144.9 14.7 6.9 153.1 13.5 6.3 151.3 13.8 6.1 168.3 12.8 5.8 – 12.5 5.8 – 11.1 5.0 – 10.4 4.8 – 10.0 4.7 – 9.1 4.1 – 8.9 4.4 – 8.6 4.3 – 8.2 4.1 – Manufacturing Total cases ............................…………………………. Lost workday cases..................................................... 13.1 5.8 13.2 5.8 12.7 5.6 12.5 5.4 12.1 5.3 12.2 5.5 11.6 5.3 10.6 4.9 10.3 4.8 9.7 4.7 9.2 4.6 9.0 4.5 8.1 4.1 Lost workdays........………........................................... 113.0 120.7 121.5 124.6 – – – – – – – – – Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 14.1 6.0 116.5 14.2 6.0 123.3 13.6 5.7 122.9 13.4 5.5 126.7 13.1 5.4 – 13.5 5.7 – 12.8 5.6 – 11.6 5.1 – 11.3 5.1 – 10.7 5.0 – 10.1 4.8 – – – – 8.8 4.3 – Lumber and wood products: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 18.4 9.4 177.5 18.1 8.8 172.5 16.8 8.3 172.0 16.3 7.6 165.8 15.9 7.6 – 15.7 7.7 – 14.9 7.0 – 14.2 6.8 – 13.5 6.5 – 13.2 6.8 – 13.0 6.7 – 12.1 6.1 – 10.6 5.5 – Furniture and fixtures: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 16.1 7.2 – 16.9 7.8 – 15.9 7.2 – 14.8 6.6 128.4 14.6 6.5 – 15.0 7.0 – 13.9 6.4 – 12.2 5.4 – 12.0 5.8 – 11.4 5.7 – 11.5 5.9 – 11.2 5.9 – 11.0 5.7 – Stone, clay, and glass products: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 15.5 7.4 149.8 15.4 7.3 160.5 14.8 6.8 156.0 13.6 6.1 152.2 13.8 6.3 – 13.2 6.5 – 12.3 5.7 – 12.4 6.0 – 11.8 5.7 – 11.8 6.0 – 10.7 5.4 – 10.4 5.5 – 10.1 5.1 – Primary metal industries: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 18.7 8.1 168.3 19.0 8.1 180.2 17.7 7.4 169.1 17.5 7.1 175.5 17.0 7.3 – 16.8 7.2 – 16.5 7.2 – 15.0 6.8 – 15.0 7.2 – 14.0 7.0 – 12.9 6.3 – 12.6 6.3 – 10.7 5.3 11.1 Fabricated metal products: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 18.5 7.9 147.6 18.7 7.9 155.7 17.4 7.1 146.6 16.8 6.6 144.0 16.2 6.7 – 16.4 6.7 – 15.8 6.9 – 14.4 6.2 – 14.2 6.4 – 13.9 6.5 – 12.6 6.0 – 11.9 5.5 – 11.1 5.3 – Industrial machinery and equipment: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 12.1 4.8 86.8 12.0 4.7 88.9 11.2 4.4 86.6 11.1 4.2 87.7 11.1 4.2 – 11.6 4.4 – 11.2 4.4 – 9.9 4.0 – 10.0 4.1 – 9.5 4.0 – 8.5 3.7 – 8.2 3.6 – 11.0 6.0 – Electronic and other electrical equipment: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 9.1 3.9 77.5 9.1 3.8 79.4 8.6 3.7 83.0 8.4 3.6 81.2 8.3 3.5 – 8.3 3.6 – 7.6 3.3 – 6.8 3.1 – 6.6 3.1 – 5.9 2.8 – 5.7 2.8 – 5.7 2.9 – 5.0 2.5 – Transportation equipment: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 17.7 6.8 138.6 17.8 6.9 153.7 18.3 7.0 166.1 18.7 7.1 186.6 18.5 7.1 – 19.6 7.8 – 18.6 7.9 – 16.3 7.0 – 15.4 6.6 – 14.6 6.6 – 13.7 6.4 – 13.7 6.3 – 12.6 6.0 – Instruments and related products: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 5.6 2.5 55.4 5.9 2.7 57.8 6.0 2.7 64.4 5.9 2.7 65.3 5.6 2.5 – 5.9 2.7 – 5.3 2.4 – 5.1 2.3 – 4.8 2.3 – 4.0 1.9 – 4.0 1.8 – 4.5 2.2 – 4.0 2.0 – Miscellaneous manufacturing industries: Total cases ............................………………………… Lost workday cases.................................................. Lost workdays........………........................................ 11.1 5.1 97.6 11.3 5.1 113.1 11.3 5.1 104.0 10.7 5.0 108.2 10.0 4.6 – 9.9 4.5 – 9.1 4.3 – 9.5 4.4 – 8.9 4.2 – 8.1 3.9 – 8.4 4.0 – 7.2 3.6 – 6.4 3.2 – Total cases ............................…………………………. Lost workday cases..................................................... Lost workdays........………........................................... 5 Durable goods: 124 See footnotes at end of table. Monthly Labor Review • July 2008 54. Continued—Occupational injury and illness rates by industry,1 United States Industry and type of case2 Incidence rates per 100 workers 3 1989 1 1990 1991 1993 4 1994 4 1995 4 1996 4 1997 4 1998 4 1999 4 2000 4 2001 4 1992 Nondurable goods: Total cases ............................…………………………..… Lost workday cases......................................................... Lost workdays........………............................................... 11.6 5.5 107.8 11.7 5.6 116.9 11.5 5.5 119.7 11.3 5.3 121.8 10.7 5.0 – 10.5 5.1 – 9.9 4.9 – 9.2 4.6 – 8.8 4.4 – 8.2 4.3 7.8 4.2 – 7.8 4.2 – 6.8 3.8 – Food and kindred products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 18.5 9.3 174.7 20.0 9.9 202.6 19.5 9.9 207.2 18.8 9.5 211.9 17.6 8.9 – 17.1 9.2 – 16.3 8.7 – 15.0 8.0 – 14.5 8.0 – 13.6 7.5 12.7 7.3 – 12.4 7.3 – 10.9 6.3 – Tobacco products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 8.7 3.4 64.2 7.7 3.2 62.3 6.4 2.8 52.0 6.0 2.4 42.9 5.8 2.3 – 5.3 2.4 – 5.6 2.6 – 6.7 2.8 – 5.9 2.7 – 6.4 3.4 - 5.5 2.2 – 6.2 3.1 – 6.7 4.2 – Textile mill products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 10.3 4.2 81.4 9.6 4.0 85.1 10.1 4.4 88.3 9.9 4.2 87.1 9.7 4.1 – 8.7 4.0 – 8.2 4.1 – 7.8 3.6 – 6.7 3.1 – 7.4 3.4 – 6.4 3.2 – 6.0 3.2 – 5.2 2.7 – Apparel and other textile products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 8.6 3.8 80.5 8.8 3.9 92.1 9.2 4.2 99.9 9.5 4.0 104.6 9.0 3.8 – 8.9 3.9 – 8.2 3.6 – 7.4 3.3 – 7.0 3.1 – 6.2 2.6 - 5.8 2.8 – 6.1 3.0 – 5.0 2.4 – Paper and allied products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 12.7 5.8 132.9 12.1 5.5 124.8 11.2 5.0 122.7 11.0 5.0 125.9 9.9 4.6 – 9.6 4.5 – 8.5 4.2 – 7.9 3.8 – 7.3 3.7 – 7.1 3.7 – 7.0 3.7 – 6.5 3.4 – 6.0 3.2 – Printing and publishing: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 6.9 3.3 63.8 6.9 3.3 69.8 6.7 3.2 74.5 7.3 3.2 74.8 6.9 3.1 – 6.7 3.0 – 6.4 3.0 – 6.0 2.8 – 5.7 2.7 – 5.4 2.8 – 5.0 2.6 – 5.1 2.6 – 4.6 2.4 – Chemicals and allied products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 7.0 3.2 63.4 6.5 3.1 61.6 6.4 3.1 62.4 6.0 2.8 64.2 5.9 2.7 – 5.7 2.8 – 5.5 2.7 – 4.8 2.4 – 4.8 2.3 – 4.2 2.1 – 4.4 2.3 – 4.2 2.2 – 4.0 2.1 – Petroleum and coal products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 6.6 3.3 68.1 6.6 3.1 77.3 6.2 2.9 68.2 5.9 2.8 71.2 5.2 2.5 – 4.7 2.3 – 4.8 2.4 – 4.6 2.5 – 4.3 2.2 – 3.9 1.8 – 4.1 1.8 – 3.7 1.9 – 2.9 1.4 – Rubber and miscellaneous plastics products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 16.2 8.0 147.2 16.2 7.8 151.3 15.1 7.2 150.9 14.5 6.8 153.3 13.9 6.5 – 14.0 6.7 – 12.9 6.5 – 12.3 6.3 – 11.9 5.8 – 11.2 5.8 – 10.1 5.5 – 10.7 5.8 – 8.7 4.8 – Leather and leather products: Total cases ............................………………………….. Lost workday cases...................................................... Lost workdays........………............................................ 13.6 6.5 130.4 12.1 5.9 152.3 12.5 5.9 140.8 12.1 5.4 128.5 12.1 5.5 – 12.0 5.3 – 11.4 4.8 – 10.7 4.5 – 10.6 4.3 – 9.8 4.5 – 10.3 5.0 – 9.0 4.3 – 8.7 4.4 – Transportation and public utilities Total cases ............................…………………………..… Lost workday cases......................................................... Lost workdays........………............................................... 9.2 5.3 121.5 9.6 5.5 134.1 9.3 5.4 140.0 9.1 5.1 144.0 9.5 5.4 – 9.3 5.5 – 9.1 5.2 – 8.7 5.1 – 8.2 4.8 – 7.3 4.3 – 7.3 4.4 – 6.9 4.3 – 6.9 4.3 – Wholesale and retail trade Total cases ............................…………………………..… Lost workday cases......................................................... Lost workdays........………............................................... 8.0 3.6 63.5 7.9 3.5 65.6 7.6 3.4 72.0 8.4 3.5 80.1 8.1 3.4 – 7.9 3.4 – 7.5 3.2 – 6.8 2.9 – 6.7 3.0 – 6.5 2.8 – 6.1 2.7 – 5.9 2.7 – 6.6 2.5 – Wholesale trade: Total cases ............................…………………………..… Lost workday cases......................................................... Lost workdays........………............................................... 7.7 4.0 71.9 7.4 3.7 71.5 7.2 3.7 79.2 7.6 3.6 82.4 7.8 3.7 – 7.7 3.8 – 7.5 3.6 – 6.6 3.4 – 6.5 3.2 – 6.5 3.3 – 6.3 3.3 – 5.8 3.1 – 5.3 2.8 – Retail trade: Total cases ............................…………………………..… Lost workday cases......................................................... Lost workdays........………............................................... 8.1 3.4 60.0 8.1 3.4 63.2 7.7 3.3 69.1 8.7 3.4 79.2 8.2 3.3 – 7.9 3.3 – 7.5 3.0 – 6.9 2.8 – 6.8 2.9 – 6.5 2.7 – 6.1 2.5 – 5.9 2.5 – 5.7 2.4 – Finance, insurance, and real estate Total cases ............................…………………………..… Lost workday cases......................................................... Lost workdays........………............................................... 2.0 .9 17.6 2.4 1.1 27.3 2.4 1.1 24.1 2.9 1.2 32.9 2.9 1.2 – 2.7 1.1 – 2.6 1.0 – 2.4 .9 – 2.2 .9 – .7 .5 – 1.8 .8 – 1.9 .8 – 1.8 .7 – Services Total cases ............................…………………………..… Lost workday cases......................................................... Lost workdays........………............................................... 5.5 2.7 51.2 6.0 2.8 56.4 6.2 2.8 60.0 7.1 3.0 68.6 6.7 2.8 – 6.5 2.8 – 6.4 2.8 – 6.0 2.6 – 5.6 2.5 – 5.2 2.4 – 4.9 2.2 – 4.9 2.2 – 4.6 2.2 – - - 1 Data for 1989 and subsequent years are based on the Standard Industrial Classification Manual, 1987 Edition. For this reason, they are not strictly comparable with data for the years 1985–88, which were based on the Standard Industrial Classification Manual, 1972 Edition, 1977 Supplement. N = number of injuries and illnesses or lost workdays; EH = total hours worked by all employees during the calendar year; and 200,000 = base for 100 full-time equivalent workers (working 40 hours per week, 50 weeks per year). 2 Beginning with the 1992 survey, the annual survey measures only nonfatal injuries and illnesses, while past surveys covered both fatal and nonfatal incidents. To better address fatalities, a basic element of workplace safety, BLS implemented the Census of Fatal Occupational Injuries. 4 Beginning with the 1993 survey, lost workday estimates will not be generated. As of 1992, BLS began generating percent distributions and the median number of days away from work by industry and for groups of workers sustaining similar work disabilities. 5 Excludes farms with fewer than 11 employees since 1976. 3 The incidence rates represent the number of injuries and illnesses or lost workdays per 100 full-time workers and were calculated as (N/EH) X 200,000, where: NOTE: Dash indicates data not available. Monthly Labor Review • July 2008 125 Current Labor Statistics: Injury and Illness Data 55. Fatal occupational injuries by event or exposure, 1996-2005 20053 1996-2000 (average) 2001-2005 (average)2 All events ............................................................... 6,094 5,704 5,734 100 Transportation incidents ................................................ Highway ........................................................................ Collision between vehicles, mobile equipment ......... Moving in same direction ...................................... Moving in opposite directions, oncoming .............. Moving in intersection ........................................... Vehicle struck stationary object or equipment on side of road ............................................................. Noncollision ............................................................... Jack-knifed or overturned--no collision ................. Nonhighway (farm, industrial premises) ........................ Noncollision accident ................................................ Overturned ............................................................ Worker struck by vehicle, mobile equipment ................ Worker struck by vehicle, mobile equipment in roadway .................................................................. Worker struck by vehicle, mobile equipment in parking lot or non-road area .................................... Water vehicle ................................................................ Aircraft ........................................................................... 2,608 1,408 685 117 247 151 2,451 1,394 686 151 254 137 2,493 1,437 718 175 265 134 43 25 13 3 5 2 264 372 298 378 321 212 376 310 335 274 335 277 175 369 345 318 273 340 281 182 391 6 6 5 6 5 3 7 129 136 140 2 171 105 263 166 82 206 176 88 149 3 2 3 Assaults and violent acts ............................................... Homicides ..................................................................... Shooting .................................................................... Suicide, self-inflicted injury ............................................ 1,015 766 617 216 850 602 465 207 792 567 441 180 14 10 8 3 Contact with objects and equipment ............................ Struck by object ............................................................ Struck by falling object .............................................. Struck by rolling, sliding objects on floor or ground level ......................................................................... Caught in or compressed by equipment or objects ....... Caught in running equipment or machinery .............. Caught in or crushed in collapsing materials ................ 1,005 567 364 952 560 345 1,005 607 385 18 11 7 77 293 157 128 89 256 128 118 94 278 121 109 2 5 2 2 Falls .................................................................................. Fall to lower level .......................................................... Fall from ladder ......................................................... Fall from roof ............................................................. Fall to lower level, n.e.c. ........................................... 714 636 106 153 117 763 669 125 154 123 770 664 129 160 117 13 12 2 3 2 Exposure to harmful substances or environments ..... Contact with electric current .......................................... Contact with overhead power lines ........................... Exposure to caustic, noxious, or allergenic substances Oxygen deficiency ......................................................... 535 290 132 112 92 498 265 118 114 74 501 251 112 136 59 9 4 2 2 1 Fires and explosions ...................................................... Fires--unintended or uncontrolled ................................. Explosion ...................................................................... 196 103 92 174 95 78 159 93 65 3 2 1 Event or exposure1 Number Percent 1 Based on the 1992 BLS Occupational Injury and Illness Classification Manual. 2 Excludes fatalities from the Sept. 11, 2001, terrorist attacks. 3 The BLS news release of August 10, 2006, reported a total of 5,702 fatal work injuries for calendar year 2005. Since then, an additional 32 job-related fatalities were identified, bringing the total job-related fatality count for 2005 to 5,734. NOTE: Totals for all years are revised and final. Totals for major categories may include subcategories not shown separately. Dashes indicate no data reported or data that do not meet publication criteria. N.e.c. means "not elsewhere classified." SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, in cooperation with State, New York City, District of Columbia, and Federal agencies, Census of Fatal Occupational Injuries. 126 Monthly Labor Review • July 2008 COMPENSATION AND WORKING CONDITIONS U.S. BUREAU OF LABOR STATISTICS Work Schedules in the National Compensation Survey by Richard Schumann Bureau of Labor Statistics Originally Posted: July 28, 2008 Work schedules in the United States are generally viewed as consisting of an 8-hour day and a 40-hour week. But the National Compensation Survey (NCS) covers many occupations that have different types of work schedules: fire fighters, for example, who often work 24 straight hours followed by 48 hours off; truck drivers, many of whom spend days at a time on the road; waiters and waitresses, whose schedules may vary every week; and school teachers, who tend to work many hours at home. Fitting all of these different schedules into a common form for data publication can be challenging. The National Compensation Survey (NCS) produces data on occupational earnings, compensation cost trends--the Employment Cost Index (ECI) and the Employer Cost for Employee Compensation (ECEC) series--and benefits. The wage and benefit data collected from NCS respondents come in several time frames: hourly, weekly, biweekly, monthly, or annually. Converting the raw data into a common format requires accurate work schedules. This article explains how the NCS calculates these work schedules and the role that they play in the calculation of the published data series. Definition Of The Work Schedule The NCS work schedule is defined as, "The number of daily hours, weekly hours, and annual weeks that employees in an occupation are scheduled and do work." The work schedule is the standard schedule for the occupation; short-term fluctuations and one-time events are not considered unless the change becomes permanent. For example, paid or unpaid time off due to a snowstorm would not result in the adjustment of the work schedule because this would not represent a permanent change. Paid lunch periods are included in the work schedule, as is incidental time off, such as coffee breaks, or wash-up time. Vacation, holidays, sick leave, and other kinds of leave hours are included in the work schedule, but they are subtracted when calculating the number of hours worked in a year. Overtime hours are hours worked beyond the normal work schedule and are collected separately for nonexempt employees and any exempt employees the employer chooses to pay for overtime.1 Nonexempt employees must be paid a premium for all time worked beyond 40 hours during a week.2 Overtime pay for nonexempt employees is reported separately in the premium pay category; overtime hours are included in the calculation of annual hours worked, but they are not part of the work schedule. For exempt employees who are not paid a premium for work beyond 40 hours, "hours scheduled and worked" would include any time normally worked beyond 40 hours. Hours worked beyond the normal work schedules are not reported separately for exempt employees unless the employer chooses to compensate them for those hours. The number of weeks worked per year is 52 in most cases. For employees of seasonal establishments, the NCS collects the number of weeks actually worked. For example, an amusement park in a cold weather environment might close between November and April. If employees in a job worked 8 hours per day, 40 hours per week, when the park was open, the work schedule is 8 hours per day, 40 hours per week, 26 weeks per year.3 The job is considered full-time and seasonal. Any jobs at the park that required 52 weeks of work per year have a 52-week work schedule. Annual scheduled hours and annual hours worked. The work schedule is used to calculate both "annual scheduled hours," which is a measure of the annual hours an employee is scheduled to work, and "annual hours worked," which is the number of hours actually worked during the year. Annual scheduled hours are calculated by multiplying scheduled weekly hours by scheduled annual weeks. Annual hours worked are calculated by adding any overtime hours worked to the annual scheduled hours and subtracting all leave hours taken. For example, consider a job in which the employees work 8 hours per day, 5 days per week, 52 weeks per year; and they work 60 hours of overtime (paid at time and one-half) and receive 3 weeks vacation, 7 paid holidays, 4 sick days and 2 personal days per year.4 The calculation of annual hours worked is as follows: Page 1 COMPENSATION AND WORKING CONDITIONS U.S. BUREAU OF LABOR STATISTICS Scheduled annual hours (40 hours × 52 weeks): 2,080 hours + Overtime hours: 60 hours - Vacation time (40 hours × 3 weeks): 120 hours - Holidays (8 hours × 7 days): 56 hours - Sick days (8 hours × 4 days): 32 hours - Personal days (8 hours × 2 days): 16 hours = Annual hours worked: 1,916 hours Calculating Wage And Benefit Costs Using Work Schedules Wages and salaries. Wage and salary data are collected separately from work schedule data. The straight-time average hourly earnings are calculated from actual earnings and matching actual hours worked or paid in the collection reference period. If the hourly rate is available, no additional calculations are needed. The hours for a collection reference period may vary from what is normally scheduled. The calculation of straight-time hourly earnings for the reference period reflects shortterm fluctuations in the work schedule; the calculation of the "permanent" work schedule does not reflect such fluctuations. For example, a sales worker who receives only commissions and had a biweekly commission of $600 but worked only 1 week during the period would receive straight-time average hourly earnings of $15.00 per hour ($600 ÷ 40 hours). If the $600 was divided by the normal work schedule, the straight-time average hourly earnings would be $7.50 ($600 ÷ 80 hours), which would be an understatement of the actual hourly earnings.5 Benefit costs. The ECI and ECEC publish data for a wide variety of benefits. The costs for these benefits may take different forms, such as monthly premiums, percent of gross earnings, or days of paid leave. These costs must be converted to a common cost form to allow for the calculation of individual benefit and total benefit costs across occupations, industries, and other publication categories in the survey. The NCS uses a cost-per-hour-worked concept as the common cost form. To convert all costs to a per-hour-worked basis, the cost of each benefit is converted to an annual cost and then divided by the number of annual hours worked. The work schedule is used to calculate the annual cost of the benefits, annual gross earnings, and the annual hours worked for the job. Calculation of the annual benefit cost varies by the way the benefit is paid. In the work schedule for the example shown in which annual hours worked equal 1,916, assume the employer pays a premium for health insurance of $300 per month. The annual cost would be $3,600 ($300 × 12 months), and the cost per hour worked would be $1.88 ($3,600 ÷ 1,916 annual hours worked). If the job had a wage rate of $10 per hour, the total cost of 3 weeks of vacation would be $1,200 ($10.00 × 40 hours per week × 3 weeks per year) and the cost per hour worked would be $0.63 ($1,200 ÷ 1,916 annual hours worked). The annual cost of Medicare (1.45 percent × gross earnings6) is $ 314.65 and the cost per hour worked would be $0.164 ($314.65 ÷ 1916 annual hours worked). Types Of Work Schedules Work schedules fall into one of four types: fixed, flexible, rotating, and nonfixed. The various types of work schedules are discussed in the paragraphs that follow. Fixed work schedules. Employees who work the same schedule on an ongoing basis are considered to be on a fixed schedule. For example, employees who work from 9:00 A.M. to 5:30 P.M. each day, with 30 minutes unpaid lunch, and who work Monday through Friday each week are on a fixed schedule. Their schedule is 8 hours per day, 40 hours per week (8 hours × 5 days) and 52 weeks per year. Flexible work schedules. Flexible work schedules are very similar to fixed work schedules. Under a flexible work schedule, employees set their own hours, generally within guidelines and with a fixed number of total hours. For example, an individual Page 2 COMPENSATION AND WORKING CONDITIONS U.S. BUREAU OF LABOR STATISTICS worker might be permitted to arrive and leave work at various times provided she or he works 40 hours between Monday and Friday and is at work during certain core hours. An individual might work 9 hours one day, 7 hours one day, and 8 hours the other three days. For NCS purposes, these short-term fluctuations are ignored and would be treated as an 8-hour day and a 40-hour week. Rotating work schedules. Rotating work schedules have a fixed number of hours and time off over a period of more than 1 week but not a set weekly schedule. Rotating schedules are most common among occupations in establishments that operate 24 hours per day, 7 days per week, such as nurses, police officers, and firefighters. Calculation of these types of work schedules is complicated by the overtime provisions of the Fair Labor Standards Act.7 For example, a common work schedule for firefighters is 24 hours on duty followed by 48 hours off duty. Over a 3-week period, they work 3 days in one week and 2 days in the other two weeks. Every 3 weeks, the rotation starts again. The total hours worked would be 168 over the 3-week cycle, which is an average of 56 hours per week. In this example, the work schedule would actually be recorded in the NCS as 53 hours per week, because that is the maximum number of straight-time hours allowed for firefighters under the Fair Labor Standards Act. For nonexempt firefighters, the other 3 hours would be considered overtime, and the cost would be recorded as premium pay; the hours would be added to "annual hours worked," but not to the work schedule. This schedule would be 24 hours per day, 53 hours per week, and 52 weeks per year. Nonfixed work schedules. Nonfixed work schedules are found in situations in which one job has multiple work schedules. In such cases, the varying schedules are often due to particular traits of individual workers or because the work required varies by individual. For the purposes of the NCS, the nonfixed work schedule recorded is often an average of the work schedules of the employees in the job and therefore may not reflect the actual work schedules of particular individuals in the job. The nonfixed schedules are grouped into three broad subcategories: multiple fixed schedules for a job, individualized schedules for each employee, and schedules based on additional requirements of the job. 1. Multiple fixed schedules for a job. This type of schedule is most common when there is a mixture of full-time and parttime employees in a job. An example would be a retail establishment that has full-time sales clerks who work 40 hours per week and part-time clerks who work 20 hours per week. The NCS does not mix part-time and full-time workers in the same job; full-time and part-time workers are classified in separate jobs in the NCS. If all of the full-time workers or all of the part-time workers have the same schedule, the schedule is treated as if it were a fixed schedule. If multiple schedules are present for the selected group, the NCS calculates an average work schedule. 2. Individualized schedules for each employee. Individualized schedules are based on employer need or on individual preferences. This type of scheduling occurs most frequently in food service and retail trade establishments, and for some occupations within the transportation industry. For example, a restaurant may have a given number of waiters and waitresses whose total hours and times of work may vary each week. Assignment of weekly hours would depend on the needs of the restaurant and employee preferences. It is possible in these situations that each employee in the occupation could have a different work schedule. Because the NCS does not mix full- and part-time employees in one job, if the job contained a mix of full- and part-time workers, the NCS would define it as two different jobs, one parttime and one full-time. The NCS would then calculate an average work schedule for all of the full-time employees or all of the part-time employees separately. For example, if a restaurant had five part-time waiters and waitresses who worked 24, 22, 20, 16, and 12 hours per week, respectively, the average work schedule would be 18.8 hours per week.9 The daily number of hours would be the average weekly hours divided by the average number of days worked. Work schedules for over-the-road truck drivers may vary between individual drivers, as well as from week to week for individual drivers, based on transportation schedules and legal limits on the amount of time worked per day or week. Over-the-road truck drivers are generally paid by mileage, not hours worked, and it is difficult to collect the actual hours worked. If NCS is unable to collect the driver's actual hours worked, it uses the employer's best estimate instead, subject to the limits of Federal Highway Administration (FHA) regulations.10 FHA regulations limit drivers to no Page 3 COMPENSATION AND WORKING CONDITIONS U.S. BUREAU OF LABOR STATISTICS more than 60 hours per week if the company does not operate every day, 70 hours in any 8 consecutive days, and no more than 10 hours a day. Work schedules for individual members of flight crews might vary every month, depending on flight assignments. These workers are paid an hourly rate when flying, but they also receive pay for time spent in other activities, such as training or ground travel between flights. Collection of pay data for these nonflying periods and the hours associated with this pay has been attempted in a field test and proven not to be feasible for regular collection.11 In many cases, the hourly flight pay begins when the plane leaves the departure gate and ends when the plane pulls into the arrival gate. In these cases, time spent on pre- and post-flight activities is not compensated and is difficult to collect. As a result of these collection problems, the NCS collects only the hourly flight rate and the flight hours for flight crews. 3. Additional requirements of the job. Professional and managerial employees often work beyond the established work schedule of the employer due to the requirements of their jobs. Because such workers are exempt from the overtime provisions of the Fair Labor Standards Act, employers are not required to compensate them for the additional hours. If the hours worked are not compensated for, then they usually are not recorded. Collection of the actual hours normally worked would be the preferred way of determining the work schedule, but records of hours worked by exempt employees are usually not available. In most cases, the NCS collects the employer's best estimate of the hours normally worked by exempt employees. If the respondent is unwilling or unable to estimate the hours, then the normal work hours of other employees in the establishment are used. The actual hours worked by elementary and secondary school teachers (who are exempt) are often not available. Time spent in lesson preparation, test construction and grading, providing additional help to students, and other nonclassroom activities are not available and therefore not recorded. The NCS uses contract hours for teachers in determining the work schedule.12 Contracts usually specify the length of the school day, the number of teaching and required nonteaching days, and the amount of time, if any, teachers are required to be in the school before and after school hours. These hours are used to construct the work schedule. For example, it is common for teacher contracts to specify that teachers will work 185 days per year. In these cases, the daily work schedule would be the length of the school day plus any time teachers are required to be in school before or after the school day, and the weekly work schedule would be the daily schedule multiplied by 5 days (Monday through Friday). The number of weeks would be 37 (185 days ÷ 5 days per week). The time not worked during summer, Christmas break, and spring break would be excluded from the work schedule and would not be considered vacation or holiday. Jobs in schools are not considered to be seasonal. Summary The work schedule is intended to reflect the hours of work performed in a particular job. In most cases, the actual schedule can be collected. There are times, however, when actual data are not available for a job. In those cases, the NCS attempts to collect the employer's best estimate of the work schedule. If the employer is unable or unwilling to make an estimate, the work schedule used is that of other similarly situated employees in the establishment, if available; if such a work schedule is not available, the job is not included in the calculation of NCS estimates. Richard Schumann Economist, Program Development and Survey Procedures Branch, Division of Compensation Data Analysis and Planning, Office of Compensation and Working Conditions, Bureau of Labor Statistics. Telephone: (202) 691-6277; E-mail: Schumann.Richard@bls.gov. Notes 1 The Fair Labor Standards Act (FLSA) mandates that employers in covered establishments pay time and one-half for time worked beyond 40 hours in a week. Exempt employees, who are salaried and meet specified job content and weekly pay guidelines, are exempt from the overtime provisions. Exempt employees are generally supervisors or professional employees. Nonexempt employees are covered by the overtime provisions. They are hourly, nonsupervisory employees who make less than a specified weekly income (currently $455 per week). Page 4 COMPENSATION AND WORKING CONDITIONS U.S. BUREAU OF LABOR STATISTICS Nonsupervisory salaried employees who make less than $455 per week may also be nonexempt. For more information on exemptions, see the U.S. Department of Labor's "Fair Labor Standards Act Advisor," on the Internet at http://www.dol.gov/elaws/esa/flsa/screen75.asp. 2 The 40-hour standard applies to most occupations, but there are specific occupations that may have different standards. For example, overtime is required for nonexempt police officers after 42 hours and nonexempt firefighters after 53 hours. 3 The number of weeks is calculated by multiplying the months open (6) by the number of weeks per month, 4.333: 6 × 4.333 = 25.999 (or 26) weeks. The number of weeks per month is calculated by dividing the total number of weeks (52) by the total number of months (12): 52 ÷ 12 = 4.333. 4 The NCS assumes that all vacation, holiday, and personal days are used during the year, but it collects the average number of sick days actually used by the employees in the year. The number of sick days used is held constant over time unless there is a change in the sick leave plan. It is assumed that employees have an opportunity to use all vacation, holiday, and personal days during the year, but they use sick days only when they are actually sick and may not have the opportunity to use them if they are healthy during the year. 5 It is not necessary to adjust for leave taken if the employee is paid for the leave at the same rate as regular pay. For example, an employee whose salary is $1,000 per week would be paid $2,000 biweekly. If the employee worked 1 week and was on vacation for 1 week (employee works 40 hours per week), the payment of $2,000 could be divided by 80 hours paid to get a straight-time average hourly earnings rate of $25 per hour. It would not be necessary to subtract the $1,000 of vacation pay and the 40 hours of vacation time taken from the calculation because the resulting calculation ($1,000 divided by 40 hours worked) would also yield a straight-time average hourly earnings rate of $25. 6 The calculation of gross earnings would be as follows: hours paid × straight-time average hourly earnings. Hours paid would be the sum of scheduled annual hours, overtime hours (1.0 × the number of overtime hours), and the premium (0.5 × the number of overtime hours). 7 See note 1. 8 For example, if there were three part-time workers who worked 3 days per week, five who worked 2 days per week, and two who worked 1 day per week (all worked an 8-hour day) the weighted weekly average of the three schedules would be 16.8 hours, calculated as follows: {[(3 × 3 × 8) + (5 × 2 × 8) + (2 × 1 × 8)] ÷ (3 + 5 + 2)} = 168 ÷ 10 = 16.8. 9 The average would be calculated by adding all of the hours worked and dividing by the number of employees. In this case, calculation would be as follows: (24 + 22 + 20 + 16 + 12) ÷ 5 = 18.8. The average number of days worked would be calculated in the same way. The daily work schedule would be the number of hours per week divided by the average days worked per week. In this example, if the average number of days worked were 4, and the weeks worked were 52, the work schedule would be 4.7 hours per day (18.8 ÷ 4), 18.8 hours per week, 52 weeks per year. 10 The straight-time average hourly earnings would not be affected if an estimate were used for the work schedule. The straight-time average hourly earnings would be calculated by dividing actual straight-time earnings for the pay period by the straight-time hours reported for that pay period. The straight-time pay would include any add-ons, such as pay for carrying hazardous cargo. 11 Collection of "only flight" pay can distort the average hourly rate for flight crew members by understating both income and hours worked. For example, payments received and hours associated with training and ground transportation are not included. Flight pay may also exclude add-ons such as additional pay for flying at night or carrying hazardous cargo. 12 Because actual hours for teachers are not available, contract hours are used for both the work schedule and the calculation of straight-time average hourly earnings. Because contract hours are less than the actual hours worked, the straight-time average hourly earnings for teachers are often higher than those for occupations that have higher annual earnings. For more information about teachers' actual hours worked, see Rachel Krantz-Kent, "Teachers' work patterns: when, where, and how much do U.S. teachers work?" Monthly Labor Review, March 2008, pp. 52-5; available on the Internet at http://www.bls.gov/opub/mlr/2008/03/art4full.pdf. U.S. Bureau of Labor Statistics | Division of Information and Marketing Services, PSB Suite 2850, 2 Massachusetts Avenue, NE Washington, DC 20212-0001 | www.bls.gov/OPUB | Telephone: 1-202-691-5200 | Contact Us Page 5